Management in continental Europe!The management, currently in continental Europe, intends to finalize the merger
shortly. Under PTSH, Navistar can become a reporting issuer within 3 to 9 months.
The management plans to get this plan underway as soon as the merger is finalized.
Company awaiting recapitalization from State of Nevada. Recent State changes on
recaps now take 2-4 weeks compared to 2-4 days just a few short months ago. Everything
else is in order. Just awaiting State recap so restricted stock can be issued to
the operating sub and merger can be announced. This process is well under way and
is expected any time from Nevada