Item 7.01. Regulation FD Disclosure
On March 2, 2009, the Company entered into a sale-leaseback arrangement for its
processing facility in Pennsylvania. Under an Agreement for Sale of Real Estate
between the Company and Spear Realty, LLC, the Company sold its land with a
processing plant of approximately 18,000 square feet and the equipment and
fixtures in the plant. The consideration was $1,429,500 in the form of cash and
rent abatements in the initial years of the related lease. Simultaneously the
same parties entered into a lease whereby the Company is leasing the property
for an initial term of three years with renewal options for five additional
terms of five years each. The Company also has the right to repurchase the
equipment at the end of the initial term of the lease and a right of first
refusal to repurchase the land and the plant. The lease is a "triple net" lease,
and the monthly rental for the initial term is $6,000.
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