Ann: Corporate Update, page-36

Tony Sage has indicated to me that he has waited a long time for IGS to be resurrected. With friends on board I can only hope that the future is a lot better than the past mismanagement.

The company has been kept alive via Con Note holders and Sage paying off creditors.

Contrary to what I was continually told by Tasker ....Winter Gardens would refund the $200,000 and directors were working free have been proven incorrect. The WG money has been written off and directors now will receive shares.

I now anticipate IGS name change, injection of capital, capital raising and new projects purchased.

As long as my converted Con Note shows a profit after relisting I will enjoy the ride. It's a new beginning where everyone should be happy that not all is lost.

We still have Sante Fe shares that will now be sold asap.