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Tuesday, 01/10/2012 12:40:57 PM

Tuesday, January 10, 2012 12:40:57 PM

Post# of 11
3 million shares sold Monday.

Phil Rogers, the CEO who left in 2011, and his wife/partner Alisa are selling their 22 million shares. Rogers is the founder of CTW and also the founder of Optical Air Data Systems, from which CTW has licensed its technology. There was a lot of bad feeling when he left CTW, but as far as I know the license is secure.

This selling can be expected to have a further bad effect on the stock price, as it did Monday, unless someone comes in and buys them.

This is a link to CTW filings on SEDAR:

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024977



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