CFRI Investor Update for August 19, 2008
Dear Shareholder,
As part of our on-going commitment to keeping you informed, we are pleased to provide you with this "CFRI Investor Update".
In this update, we provide information on: the status of the definitive agreement as it relates to the military contract; and, the status of the transition to the OTCBB.
Definitive Agreement - Military Contract
Conforce continues its wait for the signing of the definitive agreement in connection with the Letter of Intent it received from its US military sub-contractor on May 28th of this year. Although the contract was expected to be executed in July, administrative clarifications required by the military has delayed the process. Conforce and its sub-contractor remain confident that the agreement will be signed in the near term and as such, on-going preparations for the delivery of the product remain in affect. Conforce will continue to provide frequent shareholder updates as to the status of the contract.
OTCBB Listing
The company is pleased to announce that it has retained the services of a US accounting firm and that audits of fiscal 2006 and 2007 are currently underway. The audited statements are expected to be completed in early September. In conjunction with the audit, Conforce attorneys have commenced preparations of the company's FORM 10-SB Registration Statement. Conforce expects that the FORM 10 will be filed with the SEC in or around the second week of September, at which time the company will seek a listing on the OTC Bulletin Board.
