Venga Aerospace Systems Inc Message Board

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Gold/Mining/Energy : Venga Aerospace Systems Inc

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To: James Burrows who wrote (108)	3/18/1998 7:35:00 PM
From: Flavio Volpe	Read Replies (1) of 202

James, I have had the chance to correspond with Mr. Crosby by e-mail over the last few days. I asked him to give me an indication of Venga's future as it pertained to me as a shareholder. In addition to this, I asked for a timeline. He outlined for me an 18 month plan that is progressing in 3 phases: 1. Assessment phase - Here there will is a financial audit taking place that will determine all the requirements to bring the company into good standing. 2. Stabilization phase - Here, Crosby will stabilize the company with all the regulatory bodies and at the same time begin the engineering required to complete the aircraft. 3. Completion phase - Completion of the aircraft attempting to outsource some of the work to reduce costs and risks. I am thankful for the prompt response, but James, my eyes and ears are open. What are your thoughts?

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