Item 7.01 Regulation FD

On October 7, 2008 the Company received notification that its City of Montgomery, AL Series 1997 Industrial Revenue Bonds with an approximate balance of $2,750,000, were tendered by various bondholders. These bonds were backed with a Letter of Credit from Regions Bank. Under the terms of the Letter of Credit, Regions Bank is obligated to pay the bondholders. As a result, the Company will be obligated under this replacement note to Regions Bank in the amount of the tendered bonds with interest at the rate of Regions' prime rate plus 2 percent until the bonds are remarketed. There has been no default on these bonds. It is our understanding that this tender was the result of liquidity needs of the various bondholders.