We have launched a new wholly-owned operating subsidiary, Smith and Ramsay Brands, LLC. Smith and Ramsay Brands will operate as a manufacturer and distributor of flavorized “smoking” vaporizer liquids for electronic vaporizers and cigarettes. “Vape” is the common term used to refer to the use of vaporizers by consumers which has grown out of the increasing popular use of electronic cigarettes as an alternative to traditional cigarette and other tobacco uses. The use of electronic cigarettes and vaporizers has been accelerated by state and local legislation outlawing the smoking of tobacco products in public places. The Vape marketplace over the past five years has grown to $1.5 billion, according to Vaping News, and has begun to offer various flavors, nicotine levels and other attributes to produce a unique and customized experience. We believe that, as this market matures, there will be a natural rising demand for better quality products and varying flavors appetizing to a diverse consumer base. Through Smith and Ramsay Brands, we plan to provide a wide variety of high quality vapor liquids in a commercial manner to assure product integrity and consistency. Smith and Ramsay Brands is in the process of finalizing a new plant in Las Vegas for the production of its own vapor liquids. We plan to officially launch the Smith and Ramsay product line in the 3rd quarter of calendar 2014. We expect the initial product line to consist of five flavors with four variants each, for a total of twenty products. Smith and Ramsay Brands has launched a web site at www.SmithandRamsayBrands.com. Smith and Ramsay Brands is headquartered in the greater Las Vegas area.