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. SolarAttic Receive Notice Of Allowance (July 29) <br /> We have not heard back from the patent office since our August reply. We still expect <br /> the patent will issue soon with all of the claims that we asked for. <br /> SolarAttic Selects Audit Firm For DPO (July 23) <br /> Leininger& Leininger, Ltd. of Plymouth is our audit firm. I'm happy to report that this is a <br /> very good firm to work with. Among other companies, they are the auditors of the First <br /> National Bank of Elk River. We expect to use their expertise for several years to come. <br /> SolarAttic Signs Distribution Agreement With P&P, Inc. (July 17) <br /> This sales effort was mentioned in my last update. We completed the agreement and <br /> shipped 6 systems to P&P. I understand that 5 of 6 systems are now installed. One system <br /> has some heat transfer problems as it was installed next to some air handling equipment and <br /> has no air intake capabilities. This particular installation is being modified. <br /> P&P appears to be active up and down Florida contacting potential retailers of our product. <br /> They are working principally to seek out larger pool dealers as "exclusive" resellers. <br /> New Ventilation Technology To Showcase At Energy House (June 17) <br /> The installation did take place. We also installed a video camera and lights so that the attic <br /> system can be viewed from inside the house. Contact Sarah Coppock at Energy Alley if <br /> you want to visit this new energy home in Elk River. Her number is 334-3388. <br /> Other Sales Info <br /> In terms of dollars, we are even with last year's sales and now expect to end the year up <br /> 1111 <br /> about 20%. However, our sales efforts have been setting the stage for 1998 sales via <br /> exclusive distribution agreements. Both Gainesville, FL and Phoenix, AZ are expected to <br /> move over 100 systems in 1998 to maintain exclusivity. In addition, we are close to <br /> finalizing exclusive agreements in San Diego, CA and Orlando, FL which would raise <br /> potential sales in 1998 another 200 systems. In all of these areas, we are talking about PCS1 <br /> pool heaters. This would project sales for 1998 to a minimum of$300-600K if the dealers <br /> being set up are as successful as we think they can be. <br /> Give me a call if you want to discuss any of these items further OR if you have any <br /> questions. <br /> It's my hope that Thanksgiving was a great time for you and your family. And, it is my <br /> prayer that God will bless you and your family with HIS peace during this Holiday Season. <br /> The only peace that surpasses all of our understanding! <br /> Sincerely yours, <br /> Edward . Palmer <br /> President <br /> s <br /> Stockholder Update: December 1, 1997: Page 3 of 3 <br />