Credit / Bank References

American Environmental Group, Ltd. is a privately held company. Additional bank financing is provided by KeyBank, NA. This financing is sufficient to meet AEGL's needs and obligations. Questions concerning AEGL's banking relationships can be
directed to:

As of January 2007, AEGL has a Dun and Bradstreet (D&B) credit rating of 3A2, and a Paydex score of 83, which indicates that AEGL has an overall good credit rating and pays its suppliers' and subcontractors' invoices within their stated payment terms.

AEGL often relies on material and equipment suppliers and subcontractors to support its projects, to the extent that we consider them as our service partners. It is important that these firms be responsive and cost-effective in what they supply for our clients’ sites. As a result, AEGL works very hard to maintain an excellent credit rating and a strong financial posture.

Insurance

AEGL has secured the necessary insurance to meet typical contractual requirements. An updated Accord Form which outlines AEGL’s existing coverage’s will be supplied upon request. AEGL can apply for project-specific insurance in cases where specialized coverages and/or increased coverage levels are required.

Questions regarding AEGL's insurance can be directed to our Richfield, Ohio office (Attention: Ernest Vallorz, Chief Financial Officer) or to:

Surety/Bonding

AEGL has secured project bonding through ACE USA, the U.S. based division of the ACE Group Of Companies which provides insurance and reinsurance for a diverse group of companies worldwide. ACE USA currently maintains an A.M. Best Rating: A+. AEGL's current aggregate limit for bonded projects is $2,000,000 per project.

AEGL is also willing to define other forms of project security to provide assurance to our clients that all projects are completed to their satisfaction. Questions concerning AEGL's bonding programs can be directed to Peter Augustin in our Richfield, Ohio office.

None of the founding members has been a principal employee of another organization that failed to complete a construction contract, and none has ever participated in a project in which it was necessary for a bonding company to take an active role in the completion of a project.