Sirit''s comments on 2008Profitability and Cash Flow Requirements
The Company does not expect it will achieve a profitable level of sales volumes in 2008. Revenue growth during 2008 is anticipated, however recurring large volume orders are not expected until pilot projects are converted into full scale RFID implementations. Sirit believes that at current operating levels, it has sufficient cash and liquidity to support its ongoing requirements for the next twelve months and beyond. However, there is the possibility that other unanticipated events may impact the Company’s cash position.