GSDT Fintech Group Inc. (GSDT)

[TTT]

I have received e-mail from Mr. Weitzel today.

All of the correspondence with him is strictly STS related and he has little to nothing to do with the move to Boston. (Although Richard feels this may be the hold up for releases.)

STS has nothing but good news and of course can't release anything without prime or Government approval.

What he did say was they won a TO on one of the contracts.

On another contract to a very large prime have won 2 TO's. (most recent)

And won the first TO on another contract.

So...have won 3 separate contracts, TO's from each contract and continued TO's from these contracts.

They start the new ATG contract Monday the 4th of Oct. with 2 teams travelling CONUS.

1st team to Niagara Falls

2nd team to Saly Lake City

This is a 2 year swing through CONUS

There are over 200 sites and each site is approx. 1 and 1/2 day of work.

These 2 teams are in addition to a 3rd team currently working at McChord AFB, Tacoma Wash.
This team will be in Wash. for 3 1/2 months then on to Edwards AFB for 40 days and then on to Kadena and Guam.

STS has bid another warehousing contract (Sept. 29) and feel very optimistic on winning this. STS would be the prime on this contract.

STS is growing quite quickly especially in the Government arena.

These are the tid-bits that Richard updates me with and am very glad that he does so.

Again, these are updates on STS only.

t

P.S. IMO for newcomers
ATG = Automated Tank Gauging
CONUS = Continental United States

I believe that there are two contracts at work here
1 with Honeywell-SPAWAR
1 with Cameron