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NMC

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NMC

Re: NMC post# 80469

Friday, 10/29/2010 4:41:48 PM

Friday, October 29, 2010 4:41:48 PM

Post# of 111214
From page 19 of the Q3 Financials...

Developments since the last statement - Statement by the CEO
Quarter 3 2010 saw the start of construction on the flagship store at Limegrove, Holetown, Barbados.
Completion of the store is expected October 29th 2010 and has real significance as it is the first of
multiple planned 8000inc retail outlets across the Caribbean and Europe. Brand8000 has also been
extended to 15 distinct clothing lines from the established Sports ranges to now included bespoke high
end fashion for men and women. As part of the strategy, negotiations and planning has begun to
identify and equip a state of the art cotton producing facility. It is expected that by quarter 2, 2011, this
facility will provide the quality cotton material for the entire Brand8000 collection. The Company has
also moved to secure a prime location for the first Desmond Haynes Sporting Centre of Excellence.

Of importance this quarter is the strategic decision by the Board to invite 2 Investment Banks to
nominate individuals to join the Board that will be expanded to 6 members. A management committee
has been set up to coordinate this progression. One key factor of this move is that 8000inc will invest
significantly in cash terms during quarter 4 invest in the industry of Barbados and its own product ranges
as well as state of the art Headquarters and sporting facilities. These decisions and investments involve
significant cash investment from the Company and risk. Therefore rigid financial control mechanisms
and professional skills have been employed to manage the progression from a small business into
significant cash driven and investment business with a significant workforce and cash flow.


The results of Quarter 3 have shown that the rate of progression is continuing and there is no sign of
down turn in any operation or expectations within the group, and in real terms the Company is ahead of
plan. The Boards focus is now totally on the Brand8000 launch and progression o a reporting status. To
achieve those goals we need not only a good product but also good revenue figures to justify Company
positioning. I am and the Company is, absolutely confident this will be achieved.
Thomas Kelly.
CEO 8000inc.


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