Drake is pleased to provide an update on turnaround developments of the Company. As stated in a previous blog post, the Company has been in process of reorganization. Part of the turnaround process of Drake requires all stock accruals and stock outstanding to be settled. This process is ongoing and the outcome of the company’s efforts will be reflected in the financial statements. To provide an update of this process, as of October 2009 all financial obligation of monies, stock accruals or other due to the following parties for complete term of service was relinquished:

Nicholas Slinde for service as interim CEO 2008-2009

Steve Wilson for service as acting CFO 2008-2008

James Goularte for services as Advisor/COO 2007-2009

Katherine Jones for services as Advisor/VPO 2007-2009

John Sampson for services as Advisor 2007-2008

Rick Hupe for services as Advisor 2008-2009

Maxim Markets for services as Investor Relations 2007-2008

Clayton Smith for services as CEO/Chairman 2006-2008

  The Company would like to thank the above parties for their forgiveness of debt and continued support.  The above parties all see this action as a necessary step in developing Drake into a profitable Company. 

Again, thank you