Figures are in U.S. dollars and reflect Canadian GAAP standards.
Over the past year, we strengthened our management team and restructured our operations into separate BioOil and DynaPower Business Units. The changes the Company has made has positioned it to systematically achieve both objectives. DynaPower continues to gain market acceptance in the wire cleaning industry with sales to a number of sentinel customers in the US, Canada and Europe. Each of these sales represents entry into new geographic markets and industrial cleaning applications. We began shipping BioOil to potential customers in Europe and North America in late 1998 and have initiated BioOil fuel testing programs with a number of diesel engine and gas turbine manufacturers.