Agoracom: Small Cap Investment - Omagine - Government returned to work on October 6.

One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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Alfaleader

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Government returned to work on October 6.

posted on Oct 21, 2008 03:48PM

Omagine, Inc. ("OMAG" or the "Company") is providing the
following statement from the Company's President, Mr. Frank J.
Drohan, to clarify its present plans and to update its
shareholders regarding the status of its proposed Omagine
Project in Oman:

"We have been in touch with Government officials over the past
month and have just returned to Oman. The EID holiday begins
tomorrow and the Government will return to work on October 6.
Our attorneys met with the Government's attorneys. Specifically, 'all parties - including theOmani Shareholders - are desirous of signing the Development Agreement as soon as possible'.

We recognize, acknowledge and sympathize with shareholders'
frustration with the extended negotiation 'process' -- but wish
to remind all shareholders that

(i) it is not a trivial task for
an OTCBB company to close a multi-billion dollar game-changing
deal; on the contrary, it is a difficult, deliberative process
requiring the correct mixture of push and patience,

(ii)
management is not unfamiliar with the region and its business
culture and practices.

(iii) our anticipated success is
expected to bring substantial rewards - which coincidently are
expected to occur at a time when markets are otherwise in
turmoil.

5 Recommendations

Re: Government returned to work on October 6.

st165

Oct 22, 2008 12:18PM

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