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To: J.F. who wrote (20987)	12/14/2006 10:27:42 AM
From: ACAN	Respond to of 23958

jf; [ESLR] is looking interesting, I think, and appears to like to gap up, even though it comes back to retrace and close them and double bottomed today and volume is all we need. LOL

To: J.F. who wrote (20987)	12/14/2006 10:27:43 AM
From: ACAN	Read Replies (1) \| Respond to of 23958

jf; [ESLR] is looking interesting, I think, and appears to like to gap up, even though it comes back to retrace and close them and double bottomed today and volume is all we need. LOL

To: J.F. who wrote (20987)	12/14/2006 6:18:20 PM
From: ACAN	Respond to of 23958

jf; [RAE] Item 1.01 Entry into a Material Definitive Agreement. Reference is made to Item 2.01 below, which is incorporated herein by reference. Item 2.01 Completion of Acquisition or Disposition of Assets. On December 10, 2006, RAE Systems (Asia) Ltd. ("RAE Asia"), a wholly-owned subsidiary of RAE Systems Inc., entered into a joint venture with Liaoning Coal Industry Group Co., Ltd. ("Liaoning Group") for the purposes of engaging in the manufacturing and sales of safety equipment for the coal industry (the "Joint Venture"). In connection with the Joint Venture, the parties formed RAE Coal Mine Safety Instruments (Fushun) Co., Ltd., a limited liability company ("RAE CMSF"), under the laws of the People's Republic of China, with a duration of fifty (50) years. RAE Asia will own a seventy percent (70%) interest in RAE CMSF, while the Liaoning Group will own the remaining thirty percent (30%). The total investment in RAE CMSF is expected to be RMB 250 million Yuan. The initial investment in RAE CMSF will be RMB 120 million Yuan, which consists of a contribution of RMB 84 million Yuan in cash by RAE Asia and a contribution of RMB 36 million Yuan in cash, fixed assets and intangible assets by Liaoning Group. Liaoning Group will contribute its thirty percent (30%) share immediately. RAE Asia will contribute twenty percent (20%) of its share on approximately December 20, 2006. RAE Asia will subsequently contribute thirty percent (30%) of its share on approximately April 15, 2007, with the remaining fifty percent (50%) of its share contributed by the end of 2007.