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[QUOTE]Originally posted by zardiw: [QB] Edited E-mail response I recieved: I am filing the application now to list to the AMEX. We can be on that exchange 20 days after our stock price stays above $2. I am setting up a Board of Directors to set up an audit committee (last requirement) so that we can uplist and the manipulation can stop. $5 is required for the NASDAQ but AMEX will allow us to uplist on an accelerated basis at5 $2/share. It is best for us to list on AMEX and then go to NASDAQ. AMEX offers us a lot including the ability for Canadians to invest with their retirement funds. "A couple of questions: Must that be a constant price or an average price, and if average, out of how many days? How long must it maintain the price before eligible to up list?" I am asking Gregg Jaclin, our securities lawyer. The price must maintain $2 for 20 days. "On a personal note, can you send anything comparing PAK-IT to competitors? I know we discussed it, and I have informed my sister, but it is always more well received if it comes from the company." PakIt does not have any competitors in its space. That is why Home Dept, Sears, KMart, Target, 11,000 regis Hair Salons are now using it. We own two patents that protect the technology. Some companies have unsuccessfully tried to do tear packets but they were messy and dangerous to employees. The proportionate systems (Johnson Diversity and Proctor and Gamble) are being replaced by our cleaners which has proven to be validation. More and more customers are moving to PakIt everyday. We are entering into an agreement with Simoniz to QVC and Infomercial the product retail. I'll ask Frank Wiley of PakIt to provide me with a competitive analysis of PakIt and will forward to you. Regards, John Bordynuik CEO JBI z [/QB][/QUOTE]
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