geodynamics result v good for wasabi, page-6

re: this looks interesting
PRINCIPAL ACTIVITY
Wasabi Energy Limited ((WAS) formerly Insurance My Way Limited) holds unsecured
convertible notes in Exergy Inc. Exergy was incorporated in California to
license the Kalina Cycle Technology and to develop the Technology commercially.
Exergy does not have the financial capacity to repay the convertible notes at
present.

EXERGY INC: Exergy Inc is a Californian based energy and technology company that
has developed, patented and commercialised a thermal energy generation system.
Exergy uses waste heat from geothermal, biomass and numerous other heat sources
to produce energy. Exergy derives revenue from the sale of licensing their
technology and through the provision of engineering services. WAS holds $547,000
in unsecured convertible notes in Exergy. At present, Exergy does not have the
financial capacity to repay the convertible notes. WAS believes that Exergy's
technology has merit, and that the convertible notes will prove to have value.
WAS is presently examining options to realise the value from the convertible
notes.



DIRECTORS
Mr Wayne Blakeney
Dr Frank Reid
Mr Timothy Wise


PRINCIPALS
MD/CEO Mr Timothy Wise
Company Secretary Mr Phillip J MacLeod
Mr Timothy Wise