Transmittal Letter – Report

January 02, 2003

Mr. Edward Kawasaki
Loyola Height
Quezon City

Dear Sir:

In view of your request last May 16, we have created a committee that would look into the possibility of establishing a branch in Japan.  The findings of the committee including the conclusion and recommendations are in the report.

If you wish to discuss the report with me, I would be willing to see you in your office at your most convenient time.


Engr. Rolando D. Valenzuela