Ann: Remote Weapon System Business Update , page-9

Dear jwfc

Thank you for your kind words.

I can assure that I have been following all things with great interest and still own about 1% of the company.

There is little doubt that the underlying company has been getting much stronger over the years (and years). Owning the IP on a full range of CROWS products is highly beneficial for the company.

The end game has got a little blurred by time but the likely best outcome for us would be takeover by Northrop following a number of major contract wins (may be just one).

The recent appointment of the Singapore connected Director could mean a share placement or takeover from that region.

The recent SP weakness is not surprising given the waiting involved but the company is dirt cheap at the moment.

The most disappointing event was definitely losing CROWS 2 but it was not the fault of EOS but Recon. The company has really consolidated well since then and is now a highly flexible operation.

As for the space business - well I guess that still is the final frontier!!

Cheers Eos