Newlook has just published its quarterly statements; they lost $204k on sales of $461k. They gave no hint as to how they will pay for the Barrons position in WLSA and they have a net deficit position of $2.5 million. The statement below is taken from the MD&A<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

“There is doubt about the Company's ability to continue as a going concern as the Company has a working capital deficiency of $1,220,000 and a shareholders’ deficit of $2,454,000 as at <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />March 31, 2007. The Company's ability to continue as a going concern is dependent upon the Company's ability to raise additional capital, to increase sales and sustain profitable operations. Should the Company be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due”