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Swick984

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Swick984

Re: None

Monday, 04/18/2011 4:59:52 PM

Monday, April 18, 2011 4:59:52 PM

Post# of 7895
Expansion of Australian facility? Interesting little tidbit of information I found in the 2010 audited results:

The Company leases its office and manufacturing space from a related party for approximately $279,000 per annum plus certain expenses (as defined in the agreement). The lease expired on June 30, 2010, however the lease continues on a month-to-month basis due to the possibility of expansion plans.

Perhaps we'll hear more about this soon, or perhaps not... Although it's quite annoying that we haven't heard from them yet on Q1 numbers, I'm confident business remains strong given the strength in the Western Australia mining industry and strong comments from mgmt in the annual financial release.

Good luck to all...
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