You are correct that the address is for the facility located in Massena. If United Mortgage Bankers, LTD had provided $1,000,000 in funding, funding that was noted to have already occurred in a Press Release dated July 15, 2010, it is likely that the facility would currently be in full production.
In addition, the facility is not owned by Michelex. The owner of the facility is agreeable to selling said facility to Michelex or investors working on behalf of Michelex, but negotiations regarding the purchase or lease of the facility cannot commence until certain clarifications are received from the ousted Directors & officers.
We are working as quickly as possible to save Michelex and build it into a transparent company that creates value for all shareholders. However, as previously noted, we are starting from a pretty deep hole courtesy of prior management (excluding Mr. Kakani).
Dino A. Sawyer
Investor_Relations@michelex.com
