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pennypicker42

03/29/14 11:03 AM

#23244 RE: greenpar #23235

"Under its license agreement with Great Wall Alternative Power Systems (“GWAPS”) in China, the Company also recognized $62,500 in revenue. Based on mutual agreement, the parties terminated this license agreement in the third quarter of 2013. GWAPS no longer had the resources available to further its original development and manufacturing strategy."

I think Precision CNC is doing the final development and manufacturing portion that they hoped to get from GW.