Bob Davies Contracts Quotations

We estimate the assumption of these contracts by Tennessee Tire Recyclers and the pending closure of our Tennessee facility in September will relieve us of obligations that have negatively contributed to our operating losses over the past several years and will positively impact our overall corporate cash flow by over $150,000 per month. We anticipate the transition of assigning all contracts to be completed within 90 days and will redeploy all remaining Tennessee equipment to other locations during that timeframe.

I'm not at all worried. In fact, I'm very euphoric about what I see, ... We don't have any disproportionate number of contracts coming up for renewal, no more than we would have in any other given quarter. There's really a rush to marketplace with Fortune 500 companies coming online.