28Mil. o/s
14Mil. Float

A report coming by the end of next week. I believe a lot has taken place this quarter that merits a much greater market value.

They have previously announced a transition by mid-2004 from a development co. to a mature self-sustained corporation. They will update this quarter on the marketing of Nite-Eagle which has been long awaited for the shareholders here. With Medical, Security, and Aviation commercially viable applications already and possibly several more in the pipeline its a Strong Buy imo.

** ALL preferred to common is subject to a holding period and Rule 144 restrictions.