LETTER TO OUR SHAREHOLDERS

February 19, 2021

To the Shareholders:

The last few weeks have been fraught with activity, and I would like to take this opportunity to summarize what we’ve been doing and where we hope to go from here. 

  • We have filed our audited financial statements for the years ended October 31, 2020 and 2019 with the Securities and Exchange Commission (the “Commission”) in our Form 10-K for the period then ended, and are about to file our report on Form 10-Q for the quarter ended January 31, 2021 (significantly prior to its due date) reflecting our commitment to timely compliance with our reporting obligations under the Exchange Act.  We are also working on preparing and filing all past due reports due to the Commission and have updated our information on the OTC Markets site.

 

  • We have initiated international efforts to recruit supplemental management as well as additional directors and members for our Board of Advisors and have already started interviewing interested and interesting applicants.

 

  • We continue to pursue avenues for financing of our current and proposed operations with the goal of eliminating any “going concern disclosure” from future Commission filings and now, having accurate current information available to investors, feel free to initiate discussions concerning potential acquisitions.  These are currently focused on three lines of business: behavioral health clinics, innovative technologies involving solar energy, and possibilities in the telecommunications applications area. Definitive agreements, when signed, will be promptly disclosed.

 

Your patience and support have been vital during trying times and as we turn the corner, I would personally like to thank you and assure you that management’s primary goal is to generate real and sustainable shareholder value and that we will work diligently to continue to earn your trust.

 

Best regards,

Hermann Burckhardt

President & Chief Executive Officer

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