Shift Networks of (SHF.V)

Good technology. Just did a financing to roll out Ottawa and Toronto. Optimistic that the VoIP protocol solution for small businesses will work out. Fair amount of competition. Early stage and speculative.

If anyone is going to make VoIP work in Canada, it should be them. Very experienced marketing people. Currently entering Ontario and if successful, it will be the turning point. May need financing which you should look at first.

They do voice over Internet protocol for small businesses. Allows lower costs for long-distance and local telephone calls. Located in Calgary, Edmonton and Vancouver. Moving to Ontario. Very speculative.

Thinks there’s a very good opportunity. Very active in the Edmonton/Calgary corridor. Provide VoIP for businesses as well as handsets. A pretty good business model. Moving into Vancouver and potentially Ottawa and even Toronto. Very speculative, early emerging situation. Probably won't be profitable until the end of 07.

Recently did a financing which he did not participate in because it is still in the very early stages. Have had great success in the Calgary and Alberta areas. Looking to open up in Vancouver area and possibly Ottawa. Then offer a complete outsourcing capability to small companies for VoIP. Has a pretty good business model going forward. Very speculative but have good operators.