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HokieHead

07/23/13 10:23 AM

#38 RE: HokieHead #37

Since inception the company has only incurred a loss of just over $2 million and all of it can be used as NOL's in future years.

The Company has non-capital loss carry-forwards of approximately $2,279,606 that may be available for tax purposes. The loss carry-forwards are all in respect to U.S. and Australian operations.