Hope we have more news in future.

Market does not seems to be impressed maybe because of his«;

...In May 2006 the Exchange initiated a review of the Company after the Exchange required the Company retract/clarify forward-looking information, projections and materiality of certain agreements in three press releases issued in May 2006 (which was done).

This matter was resolved in part since after discussions with the Exchange, the Company was obliged in the future, if Raymor was precluded from disclosing the identity of the client or the financial terms of a transaction or sales order, because of non-disclosure agreements, it would indicate in such press releases whether or not the orders were material.

During the course of this review, the Exchange had identified that the Company had issued several press releases that failed to disclose the terms of certain transactions or agreements, did not include all material facts, and included non-compliant revenue projections and forecasts.

As a result of these disclosure concerns the Company was required by the Exchange to have all its press releases pre-filed with Market Regulation Services Inc. ("RS Inc.") prior to dissemination.

...During its review, the Exchange also indicated that the Company failed to disclose its corporate governance practices and properly disclosure management compensation pursuant to Exchange Polices. These omissions were rectified and the Company has been compliant in all following filings.

Furthermore, as a result of one of its independent directors being appointed Chief Financial Officer in the fall of 2006, the Company was not in compliance of the Audit Committee requirements of the Exchange to have a minimum number of non-management/independent directors on its Audit Committee. This was rectified in July 2007 by the appointment of a new Corporate Secretary.

http://www.globeinvestor.com/servlet/story/CCNM.20071012.418473_1/GIStory/

ecce