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a Medtronics 'graduate'. <br /> • <br /> The company has three new inventions to manufacture and market for the <br /> treatment of wounds and chronic pain conditions. <br /> The company is seeking a contract manufacturing agreement with a Minnesota <br /> based entity;it is further interested in collaborations for various orthopaedic <br /> applications that could well include addtional business opportunities for <br /> companies like Avanta(see above)as well as newly formed subsidiaries in respect <br /> of joint ventures.It is thought that one of these prospective joint ventures <br /> could be located in the incubator facility. <br /> TransMed remains a prospect after the company finishes its homework with <br /> respect to prior year audits and related matters.We will continue to monitor the <br /> situation there. <br /> • <br /> Respectfully committed, <br /> Harlan Jacobs <br /> President <br /> Genesis Business Centers,Ltd. <br /> s <br />