Novo Integrated Sciences Inc (NVOS)

[cm0819]

Two part answer, to your question, for consideration:

Part 1:

From the Aug 30, 2011 Press release, the LOI with Megrant is ... "that the two companies wish to organize a company specific to the manufacturing, marketing and installation of TTE's on-demand hydrogen (H2) generator technology. Other details reveal that the two entities will formalize their intentions by signing a Joint Venture Contract Agreement within 90 days of the signing of the LOI or within 30 days subsequent to the completion of a satisfactory due diligence examination, whichever comes first."

** On a second note** -- I read some posters that are using a 90-day time frame for status on the LOI with Megrant, pls note the above quote as it clearly defines 2 specific events that start the clock to cement the joint venture, all based on a "satisfactory due diligence examination."

Part 2:

The company that invented and controls the hydrogen generator is Hydrogen Union Energy Co., Ltd ( a a division of Energy Technology Services Co., Ltd. Taiwan -- website http://www.energyservice.com.tw/). If you take the time to conduct diligence you will see on the Energy Services website a link to "latest Information" which discusses some very legitimate delays, as follows:

July 28, 2011: first 200 m3 / h hydrogen boiler combustion system is manufactured.

Sept 22, 2011: For the 200 m3 / h hydrogen burning boiler system some very special parts being imported from abroad were delayed. Taiwan does not offer these special parts category. Taiwan's Ministry of Economic Affairs (MOEA) approved parts for import but the handling procedures required about two to three months add-on thus the parts failed to show at the scheduled time.

Oct 25, 2011: 200 m3 / h of hydrogen burning boiler system installed to complete, began to enter the test phase.

** SPECIAL NOTE** -- On website for Energy Technology Services, Inc is a picture of new unit received in warehouse, Taiwan

Conclusion: Appears to be @ an 8 week delay in having the newest operating unit (in Taiwan) installed and running effectively for testing and display. Given the LOI btwn TTEG and MeGrant allows for "satisfactory due diligence examination" , expect that is now underway and we should learn more in early to mid Jan 2012 -- just reading the tea leaves!!!