Arete Industries (ARET)

[Crumbster]

Got this response

Thank you for your email. I do try to reply to our shareholders as I can.


To your first question we are working very hard to complete this process.

To your second question it is our intent to move out of the pinksheets and up to the BB when such a time is right.

As for your third question.
Below is what I have sent out to a few other share holders who have emailed me
recently on questions they have asked and on information that I can currently make you aware of..

We have not put out a press release as we are still working with our original funders. The process has taken longer and been slowed by current banking and funding issues. These issues are affecting the entire banking and investment industry and the funders that we are working with. I can tell you that as soon as we have the written affirmative commitment completed we will announce it. We anticipate receiving these in the near term. We continue to have a good working relationship with all participants involved in this endeavor. In your voice mail you asked why we put out an 8K on the planned purchase and sale. We did so because we are required to state any definitive action that we undertake within three days of the action being taken. We understand the need to finish our filings. We are currently working on them. We have engaged the auditor to complete our past audits and as we prepare to become current in our filings. Thank you for your support .Please feel free to contact me again and I will answer what is allowed under Reg FD

Sincerely
Charles Gamber


CEO
Arete Industries, Inc.