Ziyang Ceramics Corporation (fka ZYCI)

[Tex]

breakeven

We'll see break-even, I'm confident. The question is whether, in the absence of another Chinese acquisition target, the shares will have tremendous profit is another question. The due diligence on AoHong was done by a firm that knows Chinese companies, and management picked the best deals it saw. AoHong will do great work. The question is whether CAAH could do better with more.

Take care,
--Tex.