"The Company would also like to report fiscal years 2007 through 2010 have been delivered to the auditors and 2011 is expected to be delivered within the week. The Company will meet with counsel mid month to begin work on the S-1 registration to restore the Company to a fully reporting status."

Audit issue is just about out the way and the S-1 registration is beginning. Both should be complete by the end of 2012.