First American Scientific Corp. (fka FASC)

[Hongcouver]

techisbest,

This may refresh your memory.......from the 10K year ended 6/30/2002:

In Vancouver, the Company entered into two sales contracts during the year. The first was to B&B Poultry Waste Management, a company who planned to process chicken waste to produce an organic fertilizer and/or BTUs to heat local greenhouses in the Fraser Valley. A deposit of US$37,500 has been received and the equipment was delivered. Subsequently, B&B Poultry Waste ran into difficulty obtaining adequate power to its site and experienced a delay in receiving funding. For a short period of time, the Company assisted B&B Poultry Waste by loaning them the use of the Company's mobile generator, but B&B Poultry Waste has now advised that they have quit their existing location and now are seeking a new location to set-up its operation. Consequently, no additional money has been received from B&B Poultry Waste, and the Company is warehousing the equipment at Cloverdale until B&B Poultry Waste can find a new site and re-establish its operation. The auditors have booked a reserve against this account should it prove to be uncollectable.

Could be First American learned a lesson here......do not deliver KDS to client with only 10% of purchase price received.

I intimated this occured in 2000........thought that was the year........but I might be mistaken. Too bad this poultry waste operation didn't fly.....think where First American might be today if this had wings.

HC