First American Scientific Corp. (fka FASC)

[rj2]

Sun,

I have repeatedly stated in 2011 and 2010 that I did not believe that we would be doing much in 2011. With the new interests and being in business knowing how long things take....it measured out in my opinion to 2012.

Once again I do not beleive we are going to have Cisco growth, but slow continual at this point. I am happy for that. Once we have two profitable quarters in a row I beleive that we will start our slow PPS assent.

There are risks and I beleive the lack of cash flow to handle a multiple order, to small a staff, a shortage of engineers to handle modifications needed at installation for specific use, common warrantee items can all be a greater risk than slow sales.

.....incresed overhead or servicing costs what ever you want to call it.

My opinions,

RJ