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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
August 22, 2008  

We continue this week with answering the most commonly asked questions, in no particular order. 

Q) “When officers and directors of Medinah travel on company rleated trips that are paid for by the company do they fly first class or economy?”

A) When they Travel, they drive (if possible), fly discount charter airlines or search the web for the cheapest fair quoted.  With the present financial status of the company, all travel costs are charged to the individual’s personal credit cards. 

Q) “In one of the first Q&A's dated August 2007 the following was asked and answered, is it still applicable?.  Q) Les Price, in his capacity as CEO, has an industry standard Employment Contract since 1999, with an entitlement to monthly compensation of $5,000 plus a $300 per month car allowance. There are no stock options included in his Employment Contract. Has Les received shares of stock in lieu of his monthly compensation? A) No stock compensation has been received for monthly compensation since 2002.

A) There has been no change since your previous question nor is any anticipated. 

Q) “Under the new British Columbia standards for OTC Bulletin Board stocks that went into effect September 15th, is Les Price required to file paperwork in regards to the new rules implemented?”

A) To clarify, the changes to the act that affect public companies administrated in British Columbia, (OTC Bulletin Board and Pink Sheets), is proposed and should be effective September 15, 2008.  Medinah intends to fully comply with the new rules. 

Q) “Hello, 1) Are you able to state which PR firm you have retained for the company?  2) Do you feel with the progress you have already made and the final steps that are ahead of the company point to a joint venture agreement being finalized and announced before the years end?  3) Are the percentages of the deal for the two companies and Juan Jose still the same?  Is so, could you please state what percent of what amount each company and Juan Jose will receive of deal s money, etc.  4) Could you outline what business was taken care of last weekend in Vegas with MDMN? “

A) (1) We have considered an agreed, in principle, to a proposal with a PR firm.  The proposed contract is presently under revision and will be public upon finalization.  (2) Yes. (3) This cannot be finalized until such time as a Joint Venture Agreement with all terms and conditions is completed. (4) This will be the subject of a Shareholders Update, probably sometime next week.

 

 

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