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flemsnopes

06/14/08 12:05 PM

#11 RE: aquaspin #10

Curiously, they filed form 15c-211 through Pennaluna & Co in May 2007 for listing on the Pink Sheets, which failed for some undisclosed reason. Perhaps this new application to the OTCBB will be successful.

EXHIBITS

From first quarter 2008 10Q (filed 5/15/2008)

In May 2008, Pennaluna & Co, a broker dealer, submitted a Form 15c-211 on our behalf to FINRA seeking to have our shares of common stock listed on the OTC Bulletin Board. No response has been received from FINRA to date. There can be no assurance we will be successful in this application.

From 10K for year ending 12/31/2007 (filed 4/03/2008)

In May 2007, Pennaluna & Co, a broker dealer, submitted a Form 15c-211 on our behalf to the Financial Industry Regulatory Authority ("FINRA") seeking to have our shares of common stock listed on the Pink Sheets. We were not successful in achieving a listing on the Pink Sheets with this submission which has now lapsed. We intend to seek a listing on the OTC Bulletin Board when we believe circumstances have become more favorable for our application.