<%@ Master Language="C#" %> Quarter 3, 2006

Quarter 3, 2006

September 2006

 International News (commercial):

We have followed up on our first visit to the Ukraine by our President and our Director of International Affairs in early July of this year by sending a four person delegation to the Ukraine earlier this month. Our delegation consisted of our President, our Director of International Affairs, our Director of Environmental Engineering, and our Senior Architectural Designer. We are working together with our two affiliated partners, N & F, Limited of Dallas, Texas, and JSC Zarubezhstroy of Moscow, Russia, on alternative municipal solid waste treatment methods resulting in the production of marketable compost, ethanol, etc. We gave two presentations, one in Kiev, the capital of the Ukraine, and the other one in Yalta on the Crimea peninsula, titled “Highly effective and harmless technology for municipal solid waste management & treatment for a renewable fuel alternative”. Our presentations and discussions with governmental and commercial stakeholders were successful in furthering the goal of the application of alternative municipal solid waste treatment technologies. We thank the Ukrmontazhspetsbud corporation for hosting our presentation in Kiev and the Yalta City Council for hosting our presentation in Yalta.

We also entered into an affiliation agreement with JSC Kurganstalmost of Moscow, Russia, for the purposes of joining together in the engineering, design, and manufacturing of steel structures and steel products in Russia and internationally.

General Contractor news (residential):

 The land development of our 37 unit Las Brisas Town Homes project in Irving, Texas, was completed last month. The owner sold the property this month to a town home custom builder.

August 2006

 General Contractor news (commercial):

 We have received the contract to build the Grand Prairie Starbuck’s Plaza retail center. This project consists of a four retail stores shopping center building located at the northwest corner of State Highway 360 and Mayfield Road at 2989 S. Highway 360 in Grand Prairie, Texas. It is adjacent to an existing Starbuck’s coffee shop. The site is already developed and is about 0.5 acres in size. The shopping center building contains approximately 5412 square feet of rentable space. We anticipate to begin construction in early November.

 Design-Build news (commercial):

 We have received the building permits for our Bardin Crossing retail shopping center project in Arlington, Texas. The project consists of a total of three shopping center buildings for a total of 20,240 square feet of retail space. The site work has begun. The public utilities are installed and the site grading has been completed. The foundation piers have been poured and the pad preparation is on the way. We are making good progress on the construction of this project.

July 2006

General Contractor news (commercial):

 We completed our Mineral Springs retail shopping center project in Arlington, Texas, at the end of July. The project now rests with the Owners for the finish out of the completed shell to be undertaken and for the tenants to move in.

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