2003 Annual Shareholder’s Meeting

THIRTIETH ANNUAL MEETING UPDATE
The Board and Management are pleased to provide you with the results of the Thirtieth Annual meeting of Shareholders. This year the Board decided to have a candidate’s forum dinner the night before the annual meeting. This proved to be highly successful.

MANAGEMENT REPORT
After sustaining several years of serious losses, Bob Hamilton reported that we made a small profit in 2002 if the allowance for depreciation (a deduction used for tax purposes) is taken out. He further stated, “I feel that Kootznoowoo has turned the corner. Now we need to start rebuilding the company so it will stay strong well into the future.”