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Doyal Bryant

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We are delighted to have had such a strong response to the exchange offer and appreciate the level of confidence and support of our company's long-term growth strategy demonstrated by our note and warrant holders.

Although the 10% A Notes were eligible for conversion into common stock up through August of this year, we are delighted to see that a majority of the A Note holders have elected immediate conversion. Not only does this represent a strong endorsement of our business plan by our note holders, but will serve to materially strengthen our balance sheet by reducing our debt load by more than $3.6 million.

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