IMageDent Update

Here's the latest update on the progression of our "Imaging Project"
1. Bret Royal from Imagdent of Texas came down this past Monday to assess our site as well as to help us get our project into full swing. He will make arrangments for his IT crew to put together the necessary computer hardware/software components for installation after space renovations have been completed.
2. Final paperwork is being drawn up by attorney, Jody Zahnbracher, for ImagDent of Acadiana.
3. Financing is being arranged with Home Bank of Acadiana with the following:
30% down payment on loan - $54,075.00
7.5% interest rate (approx 1.25% under prime) --non-recourse
4. A contractor, painter, carpet installer, etc. have been set into motion to make the necessary leasehold improvments before we install the iCat Scanner.
5. A 2 year guaranteed lease for $675/ mo for those two years and then go up to $750 for next three years if we renew lease has been arranged with Heymann Properties.
6. Shawna (our hired employee) will go to San Antonio to train with Rebecca at ImagDent one week before Rebecca comes to Lafayette. By having Rebecca come to Lafayette to train staff members from all of our offices, this will obviously save us quite a bit of expense and in additionn will give us the opportunity to have a staff member from each office become very familiar with this technology.

Looking good so far.

Jerry