To: milanista who wrote (58 ) 9/11/2000 8:24:16 PM From: Due Diligence Respond to of 72 CCAA wholly owned subsidiary had news today and later news with details on the land purchase and financing with a grant of $3.8 mil. from the Italian government already approved and $8.2 from a Swiss Pension Fund. Don't know many that have had this kind of real world support in the OTC arena. This also comes on the heels of a agreement of a import/export agreement for U.S.A., Canada, Japan distribution with A.P.O.L which represents 3,600 oil producers. Seems that the CEO, Cala is a deal maker and understands the "art of a deal". Nothing like using OPM(other peoples money) instead of diluting the shares. I guess the key to all this, is that the stock has not moved already. So many people, nowadays, are interested in the flavor of the day,week and can not visulize or understand a company in the making. Obviously, a couple of countries do and a pension fund, so far. Good management is always the key to a successful company. Have seen a few in my day that have taken some time, but eventually moved dramatically and solidly. This may not happen here, but the foundation is being laid. On the agenda is Costanzo Industries with $250 million in pending government contracts scheduled to close by Oct 1, the Turkey 5 star hotel $150 mil. J/V agreement with AGS srl.(cathedrals) with the Bank of Rome providing financing the project, the $247 mil. water distribution system J/V agreement with AGS srl. and Turkish government funding the project throught municipal bonds, the 23 story office complex with a purchase price of $16.5 and a 99% occupany which generates $2 mil. in gross revenue. Do not believe these are the end all, either. Kind regards, DD