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Setonian

05/04/05 10:41 PM

#8271 RE: I4C6S #8270

i4c6s....I never inferred Mitsui was working for FASC

Mr. Kantonen, Chairman of First American Scientific Corp., is pleased to announce that FASC has signed an agreement with Mitsui Engineering and Shipbuilding Co. Ltd. (MES) who will conduct a feasibility study into the marketability of the KDS Micronex System in Japan and evaluate the opportunity of venturing into a licensing agreement to introduce the technology to the Japanese market. In addition, MES has agreed to undertake all necessary steps to file and protect First American's patents in Japan.

If mitsui is conducting a feasability study in the marketability of the KDS to evaluate the potential of a licensing agreement, they are technically speaking working for FASC and its product (the KDS)

Then when I said this.... believe FASC could also if wrap and or mitsui can garner some customers and who ever is invested here will do just fine.

It would make sense, Hope that cleared it up for you,

All a great night,

Setonian