First American Scientific Corp. (fka FASC)

[ptrey]

TRCPA...Here is some info on OWR/Agronix:

http://biz.yahoo.com/e/031114/agnie.ob10qsb.html

[snip]
The Company entered into a LOI with Organic Waste Returns, Ltd., dated January 7, 2003 whereby it had committed to acquire an 82% interest in the private Ireland registered company (OWR) for $1,500,000 cash and $1,000,000 worth of common stock. Under a separate Letter of Intent, OWR would acquire 100% of Terralift U.K. Ltd. Agronix would effectively be acquiring 82% of OWR, which owns 100% of Terralift. The letter of intent had an initial expiry date of January 31, 2003 but had been extended to August 31, 2003. Under the Letter Of Intent, Agronix would purchase 82% of Organic Waste Returns Ltd. (OWR).

On September 22, 2003 the company signed a formal agreement with OWR and Terralift U.K. Ltd, which included a deposit of $50,000. The company has 90 days from the date of signing this agreement to close on the agreement.

In addition, Dave Roberts and Dale Fehr have joined the Agronix team. Mr. Roberts and Mr. Fehr will provide the Company with due diligence for the acquisitions of profitable targeted sites as they relate to the BCR & BCIR Systems.

The addition of Dave Roberts and Dale Fehr of BC BioVentures is in keeping with the direction of the Company's business plan and mission statement. Recognizing the change in market conditions and implementing the Company's technologies through partnering in existing facilities is intended to bring revenue into the Company in a more efficient and cost effective manner.

The signed agreement for the Castleblayne, Ireland plant is a significant step forward for the company in that it will provide immediate revenues for the company upon closing.