First American Scientific Corp. (fka FASC)

[rj2]

Net,

Basicly, In my opinion FASC like many other companies are fighting
for their lives in this business climate. People in business know that the only Bank money available at this time is lines of credit that are subject to 90 day calls. Those that venture risk getting a call due to tight leverage regulations. Those that don't shrink unless they have their own capital. I personally know several
business owners with this dilemma. I also know a couple of my friends companies that are trying to get below 50 employees. If I say why here with a business truth I will get blown off the board for being political!! It is not.

Many projects are in peril and FASC is not the only company walking the line.

QL resources is 4 months behind and having problems of their own.

Just to repeat again for those who care to listen. FASC is in cash trouble. They are not the only ones.

RJ