I hope your holidays were wonderful and memorable and wishing you and yours all the best in this New Year. On behalf of the company and myself, I would like to personally thank you for your ongoing patience and support. Back On Track… These last couple of years have been challenging times for FormCap, and our global economic climate along with our chosen sector have been no help for the company in achieving any of its original short or long term goals. However this, I believe, is all about to change in 2012. How and why you ask? The company’s majority shareholders have identified some great opportunities and have a renewed confidence in Oil along with a solid plan to finance the company, so please watch for news in the coming weeks. Rollback Rumors… Many of you have emailed or called me over the last year with questions in regards to a possible consolidation of the company’s shares and if so why? I can best answer this question by saying that if projects of merit were to present themselves along with new additions to the board, FormCap’s mgt. may then consider a rollback of its shares to accommodate or attract a potential project or funding opportunity. Structure is a crucial component when organizing a public company such as ours and investors should be aware that microcap companies are sometimes forced to make strategic choices in order to keep a company viable. Mergers, Acquisitions, and Reverse takeovers have to make sense for all sides to feel comfortable and for some investors this type of re-structure sends a chill down their backs. I feel that those of you that have averaged down at these recent levels or that are new to the company will be considered to be in good position at the current prices. I am confident that you will be pleased regardless of the outcome. The company’s mgt will appreciate and be grateful for your support, which will help allow them to achieve their short, mid and long-term goals. Moving Forward… Last weeks 8k filing showed shareholders that changes are beginning to materialize with the latest addition to the company’s board of directors, Jim Kootnekoff. See link for 8k filing, http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8329662 Mr. Kootnekoff is a personal friend of Norman Mackenzie. Mr. Kootnekoff also has a background in the Oil industry and will be acting in a supporting role to assist the company with its plans going forward. We welcome Jim to the company and look forward to his insight and experience and hope his time with us will be beneficial for all. Expertise, Anticipation, Expectations, Mystery...we appear to have it all… I am often asked about Norman Mackenzie and how and why he’s involved with FormCap. First, he is one of two reasons that I personally chose to be involved with this company, secondly our largest shareholder, whom would prefer to remain anonymous, has had a long term association with myself and Mr. Mackenzie for close to 30 years. Both these gentlemen have done well working together in the past and have a serious appetite for Oil. Timing is everything they say and these two gentlemen are determined to secure a viable project for FormCap and feel the time right. I understand the company’s full plan should be revealed closer to early spring. With Norman Mackenzie’s many past successes coupled with the recent success of, C&C Energia, see TSX: CZE or V.CZE www.ccenergialtd.com/ $ 8.40 a share close, 01 /13 / 2012 we have come to learn that Mr. Mackenzie is very excited about what is happening in the Oil industry at this time and feels confident that this year will be a much better year for the industry than the past few. He also had recently mentioned that for the first time in quite a while, money was beginning to flow back into the Oil business, and that would mean money for exploration and development for companies such as ours. Second Company Moving Forward… A quick side note: Over the last several months, some of you have come to know of our other company that has an association to certain members of the FormCap team. Our friends have been very busy tending to matters with this company that has been structured to receive an energy related project. For those of you that would like to learn more about this time sensitive project, I encourage you to touch base with me as soon as possible with any questions that you may have. In closing, I would like to thank you for investing in both these companies and I will do my best to keep you updated. Should you have any questions, comments, or suggestions, kindly contact me at my offices during regular business hours. I am also available during the mid afternoons during weekends I can be reached at, 250-595-7714 Or email me at: bravoint@shaw.ca Sincerely yours, Larry K. Davis Bravo International Services