The information contained in the attached reports is for information purposes only.  This report shall not be construed as an offer to sell or a solicitation by the undersigned to purchase the security outlined or an interest therein.  The information and opinions contained therein have been compiled or derived by Walton International Group Inc. and Villabar Properties Inc. and are believed to be reliable but no representation or warranty, expressed or implied is made as to their accuracy or completeness.  MacNicol & Associates Asset Management Inc. does not accept any liability whatsoever for any loss arising from any use of this report or its contents.  MacNicol & Associates Asset Management Inc. assumes no liability to update information or advise on further developments of any of the projects, the subject of the report.  MacNicol & Associates Asset Management Inc. has not acted as a financial advisor for Walton International Group Inc. or Villabar Properties Inc.  MacNicol & Associates Asset Management Inc., its officers, directors and employees may from time to time acquire, hold or sell positions in the securities mentioned herein as principal or agent.
 
Dated at Toronto,  November 1, 2005
MacNicol & Associates Asset Management Inc.