Acadian Railway update

Peter Swire sent this along to me on October 20.

"On October 1st, the railway was incorporated under the name "The Acadian
Railway Company Inc" and its French equivalent of "La Compagnie De Le Chemin
De Fer De l'Acadie Inc". The AAR reporting marks still need to be
determined. At some point, a domain name will also need to be secured and
developed."

"We are nearly finished the collection of shipping data from area shippers
which will gives us sufficient data to determine the economics of the line
as well as provide the shippers with some degree of certainty in rates. Our
potential carloads will be significantly greater than what was originally
determined. Most of the increase is due to the pending availability of rail
which when it is augmented with the low labour and occupancy costs in the
area makes it a win-win opportunity."

"Obviously, with the collapse of the US dollar, our US originated purchases
will cost substantially less with a possible $ 10 Million dollar savings."

"I expect the final business plan to be ready in about 45 days. A good part
of the plan will address the environmental and economic impacts of the
project."