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zorro77

12/15/11 1:34 PM

#5608 RE: redhook #5606

"We have not generated any revenues from inception to May 31, 2009. We do not anticipate generating any revenues until we have developed our products to the point where they are suitable for commercial production" To date, we have had negative cash flows from operations and we have been dependent on sales of our equity securities and debt financing to meet our cash requirements. We expect this situation to continue for the foreseeable future. We anticipate that we will have negative cash flows during the next twelve month period ended May 31, 2010."