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Global Railway Industries Ltd. is a diversified rail product company serving the railway industry in North America.

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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.

Sincerely,

George et al

Message: Investment Fund Holds 14% of Common Shares - GBI
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Investment Fund Holds 14% of Common Shares - GBI

posted on Feb 14, 2008 08:31PM

A Report filed on SEDAR on January 4, 2008 reports as follows:

Howson Tattersall Investment Counsel Limited (“Howson Tattersall”) reports that as a result of recent purchases, one or more of its mutual fund, pension fund or other client accounts held in aggregate 2,101,400 shares of Global Railway Industries Ltd. at the end of the month of December, representing, based on Howson Tattersall’s understanding, approximately 14% of the total shares outstanding. This is an increase of 312,400 shares since the filing of the last Alternative Report.


PURPOSE OF THE ACQUISITION:
The securities were acquired for investment purposes only and not for the purpose of exercising control or direction over the Named Issuer. Howson Tattersall acts as an investment manager on behalf of mutual fund, pension fund and other client accounts and in respect of the acquired shares, specifically disclaims any beneficial ownership.

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