<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:12pt"><div><br></div><div>Scotty and I are back from Dayton. It was great to see everyone. Thanks
for the words of encouragement we received from so many. In a nutshell,
we are still on schedule to have all of the boards tested and available
for shipment by the end of next week.</div><div><br></div>
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Assembled and Tested Magister and Mercury boards. Production is
complete. We plan to have testing completed by the end of this week.</div><div><br></div>
<div>
Assembled and tested Pennylane boards. The CM is starting production today. We plan to have testing completed early next week.</div><div><br></div>
<div>
We will announce here and on the iQuadLabs.com website when products are ready for shipment and the
Checkout functionality of the website has been enabled.</div><div><br></div><div>73,</div><div><br></div><div>Dan N4XWE<br></div></div></body></html>