Mr. Mark van Rooij reports

AVCORP ANNOUNCES STRATEGIC AEROSPACE AND DEFENCE INITIATIVE FUNDING AGREEMENT WITH THE GOVERNMENT OF CANADA

Avcorp Industries Inc. has received a Strategic Aerospace and Defence Initiative (SADI) contribution agreement from the government of Canada for up to $4.4-million to support development of advanced metal-bond manufacturing processes and capabilities. In particular, this SADI-supported project will assist Avcorp to undertake specific capability development for large, complex metal-bonded structural components for the company's customers, including the Boeing Company and Cascade Aerospace. This project will also support implementation of lean manufacturing process improvements and advancements along the company's metal-bond technology road map. This financing support from the government of Canada will be instrumental in enabling Avcorp to achieve these capability and competitiveness enhancements in a time frame that meets both the company's customers' requirements and the demands of the market. "I would like to express my gratitude for the confidence shown in Avcorp by the government of Canada and by our customers," said chief executive officer Mark van Rooij.

We seek Safe Harbor.