<SEC-DOCUMENT>0001019056-14-000033.txt : 20140326
<SEC-HEADER>0001019056-14-000033.hdr.sgml : 20140326
<ACCEPTANCE-DATETIME>20140115164544
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001019056-14-000033
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POWERVERDE, INC.
		CENTRAL INDEX KEY:			0000933972
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		IRS NUMBER:				880271109
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		21615 N. 2ND AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85027
		BUSINESS PHONE:		623-780-3321

	MAIL ADDRESS:	
		STREET 1:		21615 N. 2ND AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85027

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VYREX CORP
		DATE OF NAME CHANGE:	19951206
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 66%; padding-right: 5.75pt; font: 10pt Times New Roman, Times, Serif"><IMG SRC="pvca001_v1.jpg" ALT="(logo)"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt; text-align: left"><FONT STYLE="font-size: 10pt; text-transform: uppercase; letter-spacing: 0pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt; text-transform: uppercase; letter-spacing: 0pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: Red"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P></TD>
    <TD NOWRAP STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt; text-align: right"><FONT STYLE="font-size: 10pt; text-transform: uppercase; letter-spacing: 0pt"><B>Attorneys
        At Law</B></FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt"><B>Miami
        Tower</B></FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">100
        S.E. Second Street | Suite 4200</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Miami,
        Florida 33131-2113</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">P.O.
        Box 019101 | Miami, Florida 33101-9101</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">305.530.0050
        | fax 305.530.0055</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0 0 5pt; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">www.CFJBLaw.com</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Atlanta</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Hartford</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt"><B>Miami</B></FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">New
        York</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Orlando</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">St.
        Petersburg</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Tallahassee</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Tampa</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">Washington,
        D.C.</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">West
        Palm Beach</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><FONT STYLE="font-size: 10pt">January
15, 2014</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Mr. Kevin L. Vaughn</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Accounting Branch Chief</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporate Finance</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange
        Commission</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">100 F Street, N.E.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Washington, D.C. 20549</FONT></P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>VIA
    FEDERAL EXPRESS AND EDGAR</U></B></FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Re:</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Powerverde
                                                                                                                                                          Inc.
                                                                                                                                                          (the
                                                                                                                                                          &ldquo;Company&rdquo;)</B><BR>
                                                                                                                                                          <B>Form
                                                                                                                                                          10-K
                                                                                                                                                          for
                                                                                                                                                          the
                                                                                                                                                          year
                                                                                                                                                          ended
                                                                                                                                                          December
                                                                                                                                                          31,
                                                                                                                                                          2013</B><BR>
                                                                                                                                                          <B>Filed
                                                                                                                                                          May
                                                                                                                                                          16,
                                                                                                                                                          2013</B><BR>
                                                                                                                                                          <B>File
                                                                                                                                                          No.
                                                                                                                                                          0-27866</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0"><FONT STYLE="font-size: 10pt">Dear Mr. Vaughn:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
are counsel to the Company, and the following sets forth the comments made in your letter dated December 30, 2013, and the Company&rsquo;s
response to each of the comments, in the order set forth in that letter:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><U>Form 10-K for the Year Ended December
31, 2012</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><U>Impact of JOBS Act, page 5</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 1.8pt; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>1.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>We
                                                                                                                                                     note
                                                                                                                                                     your
                                                                                                                                                     disclosure
                                                                                                                                                     here
                                                                                                                                                     that
                                                                                                                                                     you
                                                                                                                                                     believe
                                                                                                                                                     you
                                                                                                                                                     qualify
                                                                                                                                                     as
                                                                                                                                                     an
                                                                                                                                                     &ldquo;emerging
                                                                                                                                                     growth
                                                                                                                                                     company&rdquo;,
                                                                                                                                                     or
                                                                                                                                                     EGC,
                                                                                                                                                     under
                                                                                                                                                     the
                                                                                                                                                     Jumpstart
                                                                                                                                                     Our
                                                                                                                                                     Business
                                                                                                                                                     Startup
                                                                                                                                                     Act
                                                                                                                                                     of
                                                                                                                                                     2012.
                                                                                                                                                     In
                                                                                                                                                     order
                                                                                                                                                     to
                                                                                                                                                     qualify
                                                                                                                                                     as
                                                                                                                                                     an
                                                                                                                                                     emerging
                                                                                                                                                     growth
                                                                                                                                                     company,
                                                                                                                                                     a
                                                                                                                                                     registrant
                                                                                                                                                     must
                                                                                                                                                     have
                                                                                                                                                     had
                                                                                                                                                     its
                                                                                                                                                     first
                                                                                                                                                     sale
                                                                                                                                                     of
                                                                                                                                                     common
                                                                                                                                                     equity
                                                                                                                                                     securities
                                                                                                                                                     pursuant
                                                                                                                                                     to
                                                                                                                                                     an
                                                                                                                                                     effective
                                                                                                                                                     registration
                                                                                                                                                     statement
                                                                                                                                                     under
                                                                                                                                                     the
                                                                                                                                                     Securities
                                                                                                                                                     Act
                                                                                                                                                     of
                                                                                                                                                     1933
                                                                                                                                                     on
                                                                                                                                                     or
                                                                                                                                                     after
                                                                                                                                                     December
                                                                                                                                                     9,
                                                                                                                                                     2011.
                                                                                                                                                     Please
                                                                                                                                                     explain
                                                                                                                                                     to
                                                                                                                                                     us
                                                                                                                                                     how
                                                                                                                                                     you
                                                                                                                                                     meet
                                                                                                                                                     this
                                                                                                                                                     criteria.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
will file an amendment to the Form 10-K deleting the section relating to the JOBS Act.</FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Mr. Kevin L. Vaughn</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Accounting Branch Chief</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporate Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange Commission</FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Page 2</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><U>Exhibit 32.2</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>We
                                                                                                                                                     note
                                                                                                                                                     the
                                                                                                                                                     certification
                                                                                                                                                     of
                                                                                                                                                     your
                                                                                                                                                     principal
                                                                                                                                                     financial
                                                                                                                                                     officer
                                                                                                                                                     provided
                                                                                                                                                     pursuant
                                                                                                                                                     to
                                                                                                                                                     Section
                                                                                                                                                     906
                                                                                                                                                     of
                                                                                                                                                     the
                                                                                                                                                     Sarbanes-Oxley
                                                                                                                                                     Act
                                                                                                                                                     of
                                                                                                                                                     2002
                                                                                                                                                     refers
                                                                                                                                                     to
                                                                                                                                                     &ldquo;George
                                                                                                                                                     Konrad&rdquo;
                                                                                                                                                     though
                                                                                                                                                     the
                                                                                                                                                     certification
                                                                                                                                                     is
                                                                                                                                                     signed
                                                                                                                                                     by
                                                                                                                                                     John
                                                                                                                                                     L.
                                                                                                                                                     Hoffman.
                                                                                                                                                     Please
                                                                                                                                                     amend
                                                                                                                                                     the
                                                                                                                                                     filing
                                                                                                                                                     to
                                                                                                                                                     properly
                                                                                                                                                     identify
                                                                                                                                                     the
                                                                                                                                                     principal
                                                                                                                                                     financial
                                                                                                                                                     officer
                                                                                                                                                     throughout
                                                                                                                                                     the
                                                                                                                                                     certification.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Our amended 10-K
will include a corrected Exhibit 32.2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>* * * *</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Company acknowledges that:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                                                                                                                                                                                 Company
                                                                                                                                                                                                 is
                                                                                                                                                                                                 responsible
                                                                                                                                                                                                 for
                                                                                                                                                                                                 the
                                                                                                                                                                                                 adequacy
                                                                                                                                                                                                 and
                                                                                                                                                                                                 accuracy
                                                                                                                                                                                                 of
                                                                                                                                                                                                 the
                                                                                                                                                                                                 disclosure
                                                                                                                                                                                                 in
                                                                                                                                                                                                 the
                                                                                                                                                                                                 filing;</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Staff
                                                                                                                                                                                                 comments
                                                                                                                                                                                                 or
                                                                                                                                                                                                 changes
                                                                                                                                                                                                 to
                                                                                                                                                                                                 disclosure
                                                                                                                                                                                                 in
                                                                                                                                                                                                 response
                                                                                                                                                                                                 to
                                                                                                                                                                                                 staff
                                                                                                                                                                                                 comments
                                                                                                                                                                                                 do
                                                                                                                                                                                                 not
                                                                                                                                                                                                 foreclose
                                                                                                                                                                                                 the
                                                                                                                                                                                                 Commission
                                                                                                                                                                                                 from
                                                                                                                                                                                                 taking
                                                                                                                                                                                                 any
                                                                                                                                                                                                 action
                                                                                                                                                                                                 with
                                                                                                                                                                                                 respect
                                                                                                                                                                                                 to
                                                                                                                                                                                                 the
                                                                                                                                                                                                 filing;
                                                                                                                                                                                                 and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                                                                                                                                                                                 Company
                                                                                                                                                                                                 may
                                                                                                                                                                                                 not
                                                                                                                                                                                                 assert
                                                                                                                                                                                                 staff
                                                                                                                                                                                                 comments
                                                                                                                                                                                                 as
                                                                                                                                                                                                 a
                                                                                                                                                                                                 defense
                                                                                                                                                                                                 in
                                                                                                                                                                                                 any
                                                                                                                                                                                                 proceeding
                                                                                                                                                                                                 initiated
                                                                                                                                                                                                 by
                                                                                                                                                                                                 the
                                                                                                                                                                                                 Commission
                                                                                                                                                                                                 or
                                                                                                                                                                                                 any
                                                                                                                                                                                                 person
                                                                                                                                                                                                 under
                                                                                                                                                                                                 the
                                                                                                                                                                                                 federal
                                                                                                                                                                                                 securities
                                                                                                                                                                                                 laws
                                                                                                                                                                                                 of
                                                                                                                                                                                                 the
                                                                                                                                                                                                 United
                                                                                                                                                                                                 States.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
trust that the foregoing is responsive to the Staff&rsquo;s comments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Should
you have any additional questions or comments, please do not hesitate to contact me at (305) 530-4026 or by email at <U>rmacaulay@cfjblaw.com.</U></FONT></P>










<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CARLTON FIELDS JORDEN BURT</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; width: 35%"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Robert B. Macaulay</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 15%">&nbsp;</TD></TR>
</TABLE>



<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>pvca001_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 pvca001_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@`0`$8`P$1``(1`0,1`?_$`,````$%`0$!````````
M```````!!`4&!P(#"`$!``(#`0````````````````0%`0(#!A```@$#`P("
M!04)"@L)`````0(#$00%`!(&(0<Q$T%182(4<8$R%@C10E*2TB.S5!61<H+"
M,V-SDS4WH;'A8K)#HT1T-A>B4\/39)2TU'41``$#`@,""@@%!`$%``````$`
M`@,1!"$2!3%106%QD:'1(C(3%/"QP>%"4A4&@7*2,U-BHB-#)(+"-"46_]H`
M#`,!``(1`Q$`/P#ZGT1&B(T1&B(T1&B(T1&B(IHB-$1HB-$131$:(C1$:(C1
M$:(C1$:(C1$:(BFB(T1&B(T1&B(T1&B(T1&B(T1&B(T1&B(T1&B)-%@JN<WY
MQC.)8U;R]5Y9)F,=K;1CWI'`K2I^B/6=2+6V=,ZC5%O+ML#:NQ6=S=SNZT6,
M^LTN$M8^.C:VPU$GE.P57)W[Z'</>V>VFK%MC"3X>?M\A58Z_N`WQ,O8Y1U+
M2>%\OL>5X./*6B-$2S1SV[D%HY%\5)'C4$$>PZK;FW,+LI5I:W39F9@LKY7W
MTY)C^2Y"RQMM:RXZRN#`'E1RY*':U6#`"K(U.GAJU@TH.8"3B0J:YU=S)"!L
M!6N9C,FWXO?9FR*RF&REN[8MU1ML32)6E.AH-5#(ZR!G'17<LU(B\?+7H65\
M=[C]X^164E[B,587%O$YB=Z;*.`&I1YU/T6&K6>R@B=E<['D]ZJ+>^N96YFB
MH'&.I3/!N[64R7)'XSR.P2RRN]XD>&H7S(P2R,I+>(4T8&FN%SIV6/Q&&K5W
MM-2+I?">*.7IVS[EY[E'(\CC;^&WCM[2-WB>%75CME">]N9AZ?5K%Y9")@<#
MM6;&_=+(6G@4KS3-]S;++)%QC#P7^/,*L\TQ`82EF#+_`"L?0*!Z-<+>*)S:
MN=0\B[7<T['48VHIO"HV'[N]TLSD9\=C,197%Y;!C/"`P*A&V-4M*!T8@=-6
M$NG1,`+GX'B]ZKHM2GD<6AN(XQU*SW_='+\9XU!=\MQPBSMW+,EMC[<J%,<>
MVCLVZ2@]X>LZBQV(E?1CNR!M4Q]^Z&/-(.T3L4.>6=\UQS9U\79C&K&;@V^T
M;_*`W%J>9YGT?GUW$%L>Q7M[\5P\Q=TST[.[#J5LXIW-L>2\;O\`(6D?DY+'
MPM)<V;G<`P0LK!A3<C;=1;BQ=%(&DX%3+;4&RQEP':'`J/Q+OMG;W-V4&;M;
M:'%W<GDFXA212KD#;U9V%*L*]/3J;-I.5I+3B`JVWUEQ>`X8%7/NQSS+<0Q]
MA<XZ&&9[N9XG$X8@!4W"FUEU`L[7QB1LH*JSU"[,`!WE72QG>>R@G<`/+&CL
M!X`LH)IXZBO;E<0IK'9F@K+.8=T^8XWGLO%\+8VMVY\H6RRAP[M)$)"*AT7T
MG5G!I[71>(YU!CP<:I[G49&SF-HKL]2D<7R/O/+DK1,CQZT@L'E474RLNY(B
M:,P_/MU`]FN+X(`,'U/Y?>NS;BYKVF4'*.I,.$]U.1YS#<HOKN*V27#6C7%L
ML2.%+".1J/5FKUC'AKK<6+8W,%>\5SM-0?(V0T[HP4=QWN9W=Y#:R76(PMC=
MP12>5(XJGO[0U*/,I\#KI-8PQFCGT/)[UPM[^XE;5K:X[QU*?',.Y>.XUG,K
MR'%VMG+8PI)8!?>5V+[7#A97/04]6H_EXW2-:QU:\2EBZF;&YSVTIL4SVLYA
MD^5\;DR>12*.=;EX`L"LJ[41#X,S]:L?3KE>V_@ORKOIUR9H\QWIGW8Y[E^(
MV./N,;%!(UW*\<GGJS`!5K4;676]C:B8D$THN.I7KH`"W&JK3=S>ZN/QL.<R
MG'K:3".B2M-"Q!$4@JK$B24IT]+)34AME"XY0_M?E]ZC>?N&MSN9V>4=2N>!
M[F8++\6O.0()((<<K-?V[@&2,JNZG0T.[[T_XM1);)[)`S;78IT&H,DC,@PR
M[0J58<\[M<M%Q?\`%K*UML7;N8U2;:SNP`8KN<K4T8>`&I[K6"'LRFKN*J@-
MO+F?M1"C>.G4K%VQ[G3\FGN,3E;;X7-V89I%4%4=4?8WNM4JRD@,*_)[(M]9
M>%1S35I4JPOS*2QPH\+0M5ZM$NB(T1&B(T1&B(T1)4:&H0@K#?M!EKCD''[*
M0D0LCTZ^F2558_N*-7^C"C7N7F]<QD8.!;-<XK'W>.?&W%NLMC(@B>!A[IC`
MH%H/DU0MD(=F&U>B+`6Y2,%6\N./]ON*9'(8RR2WC0;Q!'N_.3M2..I.[TD5
M.I<6>XD`)4.;);1.<T4"R7!<26^[6YO)S743Y3)2K>P1LZ[Z6A<'TBC2!Y/1
MZM6\USDN&M&QHISJBCM<ULYQ[SC4<ZN7",Z<IV2RL;D^;C;*]LF+&M0EN73_
M`&;@?-J%=09+L<9'K5C:2Y[-PX6M(Z%3NU?.<_@,'=VF.XU/FXI+@S27$#NJ
MQL45=E%AE]"5\=3M1M62/!<_+AN5?IETZ)A`;FQWI_VO,')NY][G<G+Y&6A:
M:X3&>6XVTI"*R&@_-!MNVE2>NN=^?"MVL;W<,5VL");HR.P.."7L(I^NV<;P
M'P\G^&==8U8?XF8+31<9GT6\^G5`O4+!NR']X_(/Z&X_^6FK[5!2%B\WI7[\
MBY[V2-=]Q\+83=+58[9:'PI-<,'-/D%/FUMIC<MN]P6FJT=<,![JWGH5I2HI
MX?-KSP7I:8<2^>.#(MKS7E]I;>[:BRR2!%Z+MCDHG3V:]+>'-;QGXJA>5M#E
MGD`V4*C>-\9DS7:G-36Z[KK%WRWD8'BR+`!*H_@G=\VNLT_A7#:["WJ7*W@,
MMNXC:TJ0[B\N')NWG'+R8CX^.XE@O1_.QQ"K?PP0WSZX65OX4[QP9?:I-Y<B
M:W8[AJOH#$_V79_T$?\`H#5!,1G=RKT,7<'(L$YY=Y&S[X-=8VU^.OH6MFM[
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MR1N`596@4$$'Q!U4RDB0FO"K:``Q`'9E61=K<%!E7YUQZ&3R;.Y588I0-^S;
M)*L34J-WK]NKS49`P1OIB.I4&F19W2L'#UKC$CNMVUCEA&-3(84N9Y?*!F0&
M@#%72DB5"CZ2ZUF-O=8@Y7E;0BXLQ2E6\H5T[;]Q^,<ER\L*8>+$YQU=P4"2
M&5*[G_/!(FKZ64C]W4&]LI81BZK%8V%]',2`W*Y:4/#5:""K5+K*(T1)76*H
MEUE$:(F&9RL>.M&E-&D/2*/TL=0;Z^9;LS':N\$)D=15SZ]78\;2.G](?R=>
M?_\`I37N]'O4\Z9QJB]T;6YY=:6LT$*17U@7\I=]1)'(`64DA:&J#;JYT?[M
MCBD+91EC=N%?42JC5M`=-&',[[>/W*-RO/>YF3X])@9L+Y<\R""7(IN#%%'B
M*G8':G4[ODUZ-M[I8=G\9N7=F'J5*^/47,R>&:[Z>VJA;_!9Z#AEM@X()9[R
MZNC>Y!_,#(A13'%&":=`&+'QZZCV7W)8NGD?F#&-%&X4)WK>ZT6[;`Q@#G.<
M>UC4#<K#;\`X4L$:RV%Q).%42N+IE5F`HQH%Z5/75%+]]2XT&&/PC?RJV9]J
M1`"OK/4HWC=MR#`OR?$0VDDF&RMG=0P,2I_.E&$#5%.I5BIZ>--7MQ]QV<L<
M4F<"2K<PW"N*JH-(N8W2QAIR$.IS88J>[0W=]QG#7UM?6+))/<B1`S`';L`]
M%?5J!]P?<EOXC?".<4X/0*=H>D3,C.<93FX>11U@F2QO=N;D,-B_[,N99&D(
M*D4GB][KT_UIKX:D'[DM'Z>*N`E'PG;WNKC4<:1<,O\`,&GPS\7!LZU!<5N.
M><5S-]D,7B4F>[W(RW"EEV&3>*;)(R#JUEUK39HVA\P%/3<J^'3KZ"1SFQUK
MZ;UH?%NYG.;G*&+D&'@M['RV820*Z-O!&T5>20>'LU2:GJ>GPQ9HI,YW;>C!
M7-A!>R/I*S(/3E59[8KD,%S'+Y*]LY4M[J.98CTZ[[A9!UKZEUVUC[EM/+LR
M.SNW#@P_!1])TBX;.\N;E'`3PXI_W8QTO*'LLABH66_M`T;*[*-\1.Y=I/3<
MK5\?7J+I'W=;,<629FL=PT]Y4C5OM^64!T="]O&E?NUW%;&_!#CA7)D;/C@K
M^6.E-XC/N[O3].GS:MO'TW-F\9GA_F[7-10,]_ER^$[-ORX<]:)OP'"1X'#Y
MBZR*2RYW*6\T.U2C!$920*UZLS=6ZZJ[[[NMGS!C*^&T[:8>OV*;8_;\T<3G
MO';=QI[V:NIN-X6_MLG:2Q23W"R1J0O51&%]?K&M]=^Y+7.WPW9\/A]`L:+H
M\[6.#QE)/"L[Y+PS)6^6O;;"VD\N'DE$MK7:2!0[5/7[S>5U<V7W18RQ!SY`
MU]*=K`JHO-"NV2EK&9F5KAL7T%C^8XR&QMXI(I@\<2(?=7Q"@'[X:\A-]R6_
MB.H'4J?3:O7Q:;+D&S9Z<"S#+BZN>\MMR&.TF.*CD@=IMJ]-D(0_?>O7H(?N
M2S\@:O[6/9^+O;E02Z/<>>#LO8PQX.ZM6/-,12@CF'HKM7\K7G!]QV^YW,.M
M>A=ILA'!Z?@L:X!99'%8+E]K>6<T<V4L7@LQ13N<QRJ!X_YPUZG4/N2Q\2++
M)F[0K3@V;5Y?3]'N1'-F9EJTTX]J;<)SW<7B-A/98_"1SQW$OG.;E78AM@3I
MLD04]W4F[U;3)G`F9N''[E'L[2_@:6MBYQ[U9+WF'-.1<7SN,S.(CM6FMU%D
M+='5GD\P$J=\CBFT5U7OU73X98RR4.J<>&G+A@IXMKR:*1KHZ8<_2H#A_(^Y
M?%,4V,QF%AEMWE:=FN$=GW,%!`*2QBE%'HU/NM5TN5P<9AL]/A4&UM-0@;E;
M%P[O>O;F^1YER_C=DN3QJQ9&VO9B(K92B_#F&/:YWR2>]O+#Q]&N5IK>GP2D
M-E&4@8\_$NE[IU]/&"Z/M`GV<:]4YEW7;`18&WQD-I#';):K=1U28(B!*AWE
M**Q`\=OR:T=JFE,<7NES<0Q_[5N+?4W-\-L>7@KL]J>X+B-EC^WV5Q)G=<]E
MT1Y9%_DD>!M\,8(ZTZD,?;ZM5UQ]WVCYFFI+&_T^Q3H/MV=D+A_L=QIGQ/F?
M/^*X@X?]A&_569X)7+>Z7ZD,5+A@&]HU9R7^FS$/;*UO%7+T44""*_A;D,;G
M<=,W35.NWN+N(N7W'+^2CX>\+2/;6T*BGF3AED9@"VU0K44;J^O434ONBS#!
M#&XN`X:'UJ5IVB7`D,T@H3P8>I:PO,L+05:2O[S_`"ZI?KUMO/,5>&PEW=(2
M_7+"?AR?B'3Z];;SS%8\A+NZ0D^N6$_[Q_EVG6?KUMO/,4\A+NZ0E/,<&!4S
M-0?S;:S]<MMY_2>I8\G+NZ0I>VN([B!)D!V.*KN&TT^35G%*)&APV%1W-+30
MKUUT6J89'#8_(.KW49D*"B^\R@5/J4C4*ZL(IR/$%:<9'J7:*X='W2FHXG@O
MU<_CR#^-J(-#M:UR_P!SNM=3?S;^A=?57!?JQ_'?\K6WT.T^3I=UIYZ;?T(^
MJN"_5O\`MR?E:?0K3Y/[G=:QYZ;?T(^JV"_5NO[]_P`K6?H=I3N=+NM9\_-O
MZ%39N5\%AYPO#6QET<DTBQ^>"/(J\?FCJ9@_@?P=:G1[089.EW6IS6W+H?%S
M#+Z<2YYIS#MWQ.\2PN[2:[R#J&^%M=SLH;Z.\M(@!/H'4^S1VCVFS)TNZUBV
M;=3-S`T9O-![%!)W9X'!=16^7X_D<6)J&.6=6V[#]^07#D#T[5.L#2+3Y.EW
M6I!MKDMJQ[74W$=2MW*<OPCCO&X.136DEYCKIHA`UJV\LLRED<;Y(QM('KUN
M='M`*Y.D]:A0/N)9/##NUQJF_P#6GMF$$G[`R@C/7?LBVT]=?B-8^DVOR>G.
MIIL[FM/$9SCJ5EPO,>WN8XUDL_9V4_DXI&DO+-P!<*%!84'F%#N`-/?UD:3:
M$=STYU&E9=,D#''O;%6#WO[5@]<-D0/65A_^SK4:7:?)Z<ZENL;KA>WG5QX=
MR/MSRU7&*CI<QJ'DM)U:.55)I6E65A[58ZW&E6IV,'I^*@7#;J#%^"KF9[M]
MML1EKS&3X:]>>QE>"9HUB*%D;:2I:=33Y1K'TRT^3TYU+CL[E[`[.*'C7MQC
MNCVYY'GK3"V6(NXKJ]9EB>98@@*HSG<4G=O!?5K(TNU/P>G.N5Q!<1L+B\$#
MC7C>=X.V=GEY\7<8F\5[6X>UFGV1&,-&Y1F_E]VVHK]'PUGZ9:@TR!=6V5VY
M@=FVBNU7GDQXSQW!7.:O+`RVUJ%,D<(#.=S!10,RCQ;UZV=I=L!W`J^WDFE>
M&!V)7'$KCB_)\%!F;''F*VN"ZHDZJKCRV*&H5G'BOKT&F6Q^`)<OFA>6.=B%
M!<WYSP;AN3@Q^2Q5Q/+<1><C6R1,NTL5H?,EC-:CU:P=-MA\`4BT@N)VDM=@
M-Y4!!WQ[6R3+')B+V!6('F20PT`/I(69FH/30:Q].M?XPNYL+JG9=FY'*Q\Q
MYIP3BL&/N+S'O=P9-6DM9+1(F4HH4U)DDC\=XIK)TZV'^MO,HUM#<3%P#J%N
M\JWV^&PDT$<RV40610Z@J*T85ZTUN-,MOXV\RA&XE!IF*I^$YKPK,<DR>`ML
M1*EWBEN'N))8H1&PMI!&^PB1F-2>E0-8^G6W\;>939;>X8P/+L'4X=ZK:]].
MV1K3`7QIXTM[8T_VWLUH+"W/^MO,I9TVY%*O`KQE3'&^Z7;7/2SP6]A);W,,
M4DZPSP1`RK"I=Q&4=U+;5/0D:W\A;_(WF4>:TN8\226[ZX*&'?KME4#]A7NX
M^`^'M?\`SM/(VW\;?TKNW3KEWQ_W+VM>^/;6YNX+6/!WBR3R)$I:"UH"[!16
MDQ-*G3R-L?\`6W]*U=I]R`27[/ZEJO[&Q/ZG#_5K]S73Z?;_`,;?TJH\Q)\Q
M70P^*'A9P_B+]S3R$'R,Y@GCR?,4?LG%_J</XB?<T\A!\C.8)X\GS%+^RL;^
MJQ?B+]S3R,'R,_2%GQY/F*/V5C1U^%A_JU^YIY*'Y&?I3S#_`)BC]FV'ZK"/
MX"_<UDV4/R-K^58\9Y^(ITJA5"@4`Z`#PU*`H*+F2EUE81HB2FB%+HL42:+-
M4E1Z]90%?/N1Z?:2B/I^)A^7K:#48]Y>FC/_`*\\GM7EVD=>1]X<IEKX;I(E
MNKN)&ZA7,JQ)0'\!'H#K9N+EG41X=FUH_I'15:GWCQ]O>=NLQYH]ZWC6XB;\
M%XG5A3Y?#Y]='[%3:6\MN&\:Q=[ZXN.P0BE8E;/-"&&O0A"AEH/D9SKB'=FB
MOR`V^KO;Z>I3_&N\N*PW`+7#/BKRZGM[5H3)M46[DU\7+$[?>Z^[K9KA11KC
M2W/GS5H"1NZTP[=8![;MES+--/&XN[.2WCMXV5BBQH6K)0G:S;^BGT:-&!76
M]GS7,3*=TA6[[-:CZJY0']?_`/!CUF+%0=>_<;R>TJI=R+&'AW=S%Y'"GROB
MFAO)(%\`TDS1RH/\V0#P]O36-AP4VQ>9[1X=\.'0HZUY'<<=[R9O)V^.FRLB
MW-X@M("=_OM](45^@^36N:CEW?`)+1HJ&X#%:MQ'NOE,_P`AM<7<<7O,='<^
M9NO)BYC3RXVDZUB0>\5H.NN@?C2BI;K3FQ,S!X=Q8=:R/%<3;E/,^;XV*GQD
M?QUQ8U\/.BOEVKZ/I@E?GUSRU)5S+=&&&)W!AZE9;7F+9WL5F+"Y<G(X9(+>
M;=])HC*ODO\`N*5/[W6U>RHS[;PKUKAW7XA:!V,_NTQO[^X_3OK:-5NL?^0?
MP]2SSOS=-:=Q<!=+&TS6\,,HA6NYRERS;13TFE!K5XQ5EH\8=`\'>4Q[G=RK
M[E6%ML5<<>FPZM<I*M[>LP"[:BBUC2E=W4UZ#UZPXKMI^GB)V?-FPV"GO7'>
M#&6F,XEPJPM;I+^"WMYT2\C(*24\LED()]VIZ==)%C2I2^61Q%%]%8W^SK7^
MAC_T1KL-B\O*>T:;U@O;:G_5[F/LBRE/_=)KBSO+TU\/^/'RM4)V;[BX;AZ9
M=<A;W4YO3;F,VR*]/*$E=U67\/II&0NFKV3YBTMX%,<(:/F?>1N2VJQ8^SMW
M,_PLDL9N9"D(BKY8.[JQ!9O`>%=9:ZI7*Z_X]H(SB2KG]HD`<"@IZ<A!7^KE
MUF0T"K]$:/'/Y>I63M+U[<X(_P#I_P".VMV[%%U']]W*K<`!X:VJH0P2Z(C1
M$:(C1$FB)=$1HB-$1HB-$2&FB%8[RKGW+>(=QG?,">7ALM#;[(HR"&A!.UZ`
M[DEJ*,VN3G&JO8+.*:W[/[J@N(07?,N\<G+;.TFBPMN_FF>5=@HD'DQBI-"S
M,*T'AZ=8`J5(N7-@M!$X]K=TIO<V64[8=S9\X]E+/QR[DD!N$4L/A[EP["HZ
M!XW7H&I6GMTIE*W:YMW:A@/^1O!OH/:I?N%W;QG*\$_&>)V]S?WN2*)(1$1M
MC#!F`4]23MH?13TZV+JA<+'3G0O\24Y0U,>8\0N>,]CK''W`8W\M]%<WJ"C%
M)95>J56H.P`+76N6C5O:W(EO2[X:$*^=L;$7O:"PL9E)%Q:W$+JWB0[R+Z?8
M=;M;V567LF6Y+@>$+*>VUP\/!^=XR8,DIL?.2,@@DHCI)^X2-:-%05=7XK-$
MX?,/6$X[1]T<!P_!7UED8+J:XN+DSQB!%*T\M4H2SKZ5UACJ+75=/DF>TMV`
M)]Q_"<A[D]PX^3Y:SDL<'9NCPAE*[DA;?#$I8>_5NKL.GR:R!F*YSRLM8/#:
M<SCM418<JQW%^\^;RV0CE>V2XO(R(55GK(W2FYEZ?/H"`[%=G0/FM&M;2M!P
M[EJN![X<1S>9M,3:6]\MS>/Y4321($!()ZD2,?1ZM;YP=BI9=,F8TN(P'&J7
MV>!'>'E9(Z$7U/GOD.M6;58ZI3RD9V[/4J[W:PM_Q+DF36R3;A^3Q%]IZKN6
M19)5'JV24(]C:T>"%+TZ=LT;<W>C*USL9T[:XX?SEQ^G?76,4"I-7-;@_AZE
MGO?:YBM.XN`O)@3#;0PROM%32.Y9S3VT&M''%6FCMK`\<)JG'<?NYQ[E7&YL
M'A\?=75Y=L@0R14\LJP;<H4LQ;T>&CG<2YV&FR0R9WG*!R*)SW;'F"]L,(7M
M7DO<=-=3362D-)%;W!#+10?>92M2H\*^S67M-%VAOX_,NQ[+J8\BN&(^T)Q.
M'CT`R$5Q'EH(A'+9+'4-(GN^Z]0H!(KUT;(H,FBRE_9[E=N'6HOM%Q[/39GD
M',\E9O9VV2MKCX97Z%VN9/-8JI][:H4`$^.C&FM5)U*X8`R)IJ6D="\_LR"O
MUDJ#_N6T'U_G_P#)I&%KK]`692O!;>/`_:,3:!%;7LI<#P6ES:D?X9:Z$4=@
MMR_Q+"AX%;/M$U/`[>@/3(0D_)Y<NLR"H4+0C2>G]*L?:3^[G!#T_#_QVULW
M8HNH_OOY5;];*$C1$:(C1$:(C1$:(C1$:(C1$:(C1%P\4;@JZA@>I!`/71$J
MHB*%50JCH`!0#1"D>*-T9'0.C@AE8`@@BA!!T6`3M7A;8W'VI/PMK#;[OI>5
M&J5^7:!K%%DN)VU3@J#XBNE$XT4`%`.@\`-93:N3%&004!!%*$#2E%@$KCX6
MV'^I3\4?<TP0$A>PIZO9K*#%>9MK<DDQ(2?$E1UKK!6<QXTHMX`01&H(Z@[1
MHE3O2K%$C%D158UJP`!ZFIUBB5)%$C0Q/3>BL5^C4`TKXTT.*S4[UTJ*HHH`
M'J'318Y5R\$+FKHK'PJ0#T^?6:)B.%*D,2&J(JGU@`:)4KH=/`4]6LH$SDPN
M'DNOC)+"W>['^\-$AD_'(W:U("VSG>GE!ZM*+4KE(8HZ[$5*]#M`%:?)K(%$
M+B4&*)F#LBEQX,0*]-8HLYCL0\<;BCJ&%:T(!Z_/I18#B-B5%5%"J`JCP`Z`
2:RBZT1&B(T1&B(T1&B(T1?_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
