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Saturday, October 29, 2011 12:46:52 PM
Sat, Oct 29, 2011 at 9:58 AM
subject RE: Annual Report
mailed-by san.rr.com
9:58 AM (1 hour ago)
Kurt,
The Rebel acquisition was for stock. The statement was required by the
accountants and lawyers since a component of the deal was a significant
capital expenditure program, the financing for which has just been
completed. The details will be in the first quarter report and we expect
some significant announcements regarding all of this very shortly. We will
also be consolidating Rebel's revenues starting in the second quarter.
Thanks for taking the time to do proper due diligence, and if there are any
other questions I will be pleased to answer them.
Ernest
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