To Report The Use Of Capital Increase

BackJul 29, 2005

July 29,2005

Subject : To report the use of Capital Increase from warrant conversion
Attention :The President, The Stock Exchange of Thailand

According to an increase of the Company's capital from the exercise of the Company's warrants (AP-W1) to buy the Company's 6,687,500 common shares in March June 2005, amounting to Baht 6,687,500.

We would like to inform you that the above capital increase has been used as the Company's working capital.

Please acknowledge the above matter.


Yours faithfully,

Mr. Pichet Vipavasuphakorn
Managing Director