| Dear Peter:
.... Our most recent trip last May was a tremendous experience. We were hosted by the top provincial government officials, were able to establish and fulfill best possible contacts for the clients who took part in that trip and I am sure that in the follow-ups with those clients their satisfaction with your services will be assured.
I know that current interest in China, among business people in the U.S., and equal interest in China among their businesses and particularly their government sector is at an all-time high and can only grow higher. This puts the CABDC in a uniquely favorable position. Nobody in my estimation is better able to bring these parties together more successfully then you and your staff.
It continues to be a pleasure for me to be a part in your activities.
Sincerely,
David N. Reps
Associate Professor of Finance
Pace University
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