Whitecrow -- I understand your apprehension, because every new company, whether it is private or listed, must go through the trial phase of operations. I think if you had some personal interaction with the principals of Aquagold, some of your fears would diminish. Some of us met the corporate officers in New York. Some have been in contact with them
over the past year and that contact has given us a different impression than what has occasionally been posted by negative people on this board.
Let's remember that it has taken Aquagold more than two years of cultivating relationships in China to get to this stage. Actually, its first shipment was a container full of bottled spring water that was sent as humanitarian aid about eighteen months ago. Also, it is very significant that Aquagold's revenues are guaranteed by an irrevocable letter of credit. This is quite unique, as was explained to us at the April, 2008 meeting, because generally foreign companies selling water to China do so on a consignment basis and receive payment as the product is sold off the shelves. You can see on the website that Aquagold has been recognized for service with compassion in the Great Hall of the People.
So a foundation has been built over time which will now begin to pay off. The Company has not yet reported revenues to the public, but that does not mean there have not been any to date. No one knows the day to day activity of their bank account, but the irrevocable letter of credit guarantees they will be paid for any merchandise they deliver under contract and deliveries have begun, so you can rest assured that revenues are beginning to flow in.
China is surpassing Japan as the world's second largest economy. They are very selective who they let in, but once you're in, you're relatively safe as long as you don't screw up. The astute investor always has this notion in the back of his mind, that promises made by a company are not always kept, so you watch very carefully and you appraise the performance of management to make sure they are headed in the right direction and that they are handling themselves with honesty and integrity. If you feel that is not the case, you don't invest, or if you are already invested you sell. Each individual shareholder will make that decision based on his own perception.
