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AllComments & Business Outlook Financial Target Agreements SPAC Activity
Sunday, July 25, 2010

Pursuant to an earn-out provision in the share exchange agreement, the Company has agreed to issue to Gliston’s shareholders up to 6.8 million additional shares if the following net income targets are achieved (calculated on a U.S. GAAP basis): ).

  2011  Target %
Change		 2010  Target %
Change		 2009  Target % Change 2008 Reported
Unaudited Net Income U.S $  $52.0 M 30.0% $40.0 M 33.33% $30.0 M 215.80% $9.5M
  

Source: SEC Filing

Note: The company has yet to file its 2009 annual report (20F).

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