First American Scientific Corp. (fka FASC)

[Net-Man]

TRCPA - Last year was a difficult one for FASC with Cal's passing. I don't know if everyone has factored into their thinking how that impacted ongoing sales and contracting efforts. My guess is the last 6 months of the fiscal year (1/11-6/11) were a wash as Brian worked to get things back on track. The revenue results clearly reflect the impact - down from $1.4 million in 2010 to $6k in 2011. The trajectory Cal had the company on simply stopped.

Now it comes back to Brian and what successes he has had in the ensuing time period. QL sold 3 machines in fy 2010; FASC appears to have sold 2. My expectation is that QL will continue to escalate sales and if FASC comes back to center, their sales rate should also move forward.

The primary question to be answered by all shareholders is whether there is a growth trajectory for the KDS?

fwiw,

Net-Man