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Phylann

09/17/04 9:07 PM

#57212 RE: 1moodyblue #57210

moody and nds thanks again for the info. Sounds like a good time had by all and business moving. Moody you said David Chen spoke? Would love to have been there.
Guess Alan was not there? All the people from HRCT China seem to be impressive but want to see big improvement soon. Everyone win lots. Phylann
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Penny_4UR_Stocks

09/17/04 9:54 PM

#57214 RE: 1moodyblue #57210

Using a pocket PC with tiny keys, so will be brief. For those interested in FTL, the NASD has asked 2 rounds of questions and there is optomism that an OTC listing may be forthcoming without much additional delay.

HRCT owned 58% of FTL. A 100% ownership position was required for listing. 16M shares of FTL were outstanding. The addnl 42% were purchased with note, which will later be cnvrtd to apprx 10M shares.

The total O/S will be apprx 26M, all dist to HRCT shareholders of record date per previous PR. All shares wiil be in market float.

P4URS