Ealixir Inc (EAXR)

[guiness007]

PEOPLE, READ THIS PARTIAL STATEMENT BY THEIR CEO. IT SAYS IT ALL

Vincent Browne, Chairman and CEO of Flint Telecom Group, added, "This steady progress is paving the way for our future growth and sustained business activities, which is our primary goal. It remains our aim to be further ahead in terms of profitability, which we expect to realize with the help of our recently announced new product lines. We remain grateful to our debt holders, who continue to be supportive during this transition period. We will continue to work on minimizing the amount of working capital required to operate and grow the business, reducing dependency on the funding markets, which we use only when absolutely necessary. In recent times we have had to use convertible debt financing which has been reflective on our stock performance. On completion of an SEC Form S1 registration process we can start to draw against a more structured finance that will reduce our dependence on the type of funding that produces a negative effect on our stock price. As previously stated, our primary mission is to turn Flint Telecom into a truly global company, operating in the most exciting and high growth technology and telecom areas across the Globe. We are now on a very clear, focused and low cost path to achieve that as early as 2011."