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Monday, 10/03/2011 12:49:42 PM

Monday, October 03, 2011 12:49:42 PM

Post# of 1898
ECIT execution of a Letter of Intent with D&R Technology, Inc., ("D&R") a world leading provider of automated tube processing solutions for the automotive industry based in Mississauga, Ontario. Pursuant to the terms of the letter of intent, D&R's shareholders will receive share ownership in ECIT and D&R's management team will assume operating and managerial control upon completion of the acquisition.