cell aquaculture, page-4

Quarterly out and things not all bad, money in the bank and revenues starting to come in from our seafood processing facility.

I don't know why our Malaysian farm is taking so long, this company has paid a further $115.000 feasibility fee to us. they obviously want to proceed with this venture so why more discussions ?.

I still think Singapore will start first, approval will be given because Singapore want these fish sold into their own market live. the big plus is that we are 50-50 joint venture
with this company and when approval is given we will start as soon as, same applies to South Africa.

Our seafood processing facility is now up and running, as I understand we are tooling up with new equipment that will produce a varied range of new seafood products. I think this side of the business is going to be a cash-cow for the company.

Showcasing our products at the fine food and hospitality exhibition in Melbourne, which takes place in September, CAQ intends to grow the value-adding side of the company, these exhibitions move around the country and Melbourne is a good place to start, the company intends to ramp-up commercial scale production.

Cheers.