Good Thursday afternoon, everybody. Today's edition is going to be a little bit different than our normal discussion. We've got some huge news from one of our Featured Stocks - Cardinal Resources (CDNL) - but the bulk of today's newsletter is going to focus some pictures taken earlier this week of the news in question. As they say, a picture is worth a thousand words, and I think at this point an image or two can update the CDNL story about as well as words can. It's really quite incredible, when you stop to think about it. Just as a quick refresher for those of you who may not own CDNL yet (or have forgotten about it), Cardinal Resources is the developer of a portable, self-contained water purification system that can meet the needs of communities ranging in size from 5000 to 20,000. Any non-salt body of water will do as a source. Called a Red Bird System, these devices are about the size of a concession stand, and though they can be transported they can also become a permanent fixture, scrubbing even the dirtiest of water into something clean, safe, and plenty drinkable. Here's the really amazing part: It can clean and deliver water for far less than what I or any of you are paying per gallon of tap water. The real value of the Red Bird Systems to society though - and the real potential for investors - is that they allow the most rural of communities anywhere in the world to have access to clean water even where water infrastructure doesn't exist. With that as the backdrop, the last few months have been tough ones for Cardinal Resources for reasons completely out of the company's control. One example is the near-$30 million deal with Cameroon's water authority CAMWATER. Right as the deal was poised to move forward and bear some revenue, the U.S. government inexplicably let the charter of the National Export-Import (or EXIM) Bank expire. It matters, as the EXIM bank serves as the middleman for such foreign deals. Another example is a less confounding one... its distribution partner in Panama that was supposed to start selling Red Bird Systems in September (by using one of the units to demonstrate the technology) didn't even take delivery of the demo model until earlier in this month. Neither of the impasses are insurmountable. In fact, both can be chalked up to being the annoying surprises that just tend to pop up in business from time to time. But, it's still not been a lot of fun, and of course, the nay-sayers have had a field-day with the turn of events. Things are turning decidedly back in Cardinal Resources' favor though, making CDNL a real exciting prospect again. First, it looks like the EXIM bank's charter is close to being restored. It's in the Senate's hands now, but it's got plenty of support, and it's not a partisan issue that could get caught up in a political battle. As for Panama, that's what I wanted to talk to you about today - things are already moving quickly there after we told you on Monday the first of its Red Bird Systems had already been shipped and was being installed. Specifically, it's now installed, and it's been a HUGE hit. Interest in acquiring more systems has - as we and the company suspected would be the case all along - surged now that observers can see the technology in action. This is just a small sample of some of the pictures I've seen of the installation at Soloy, starting with the placement of the device on the prepared pad. Setting up the solar-powered device doesn't take long. The filter just needs to lie in a body of source water, and only needs to be replaced every few years. Depending on the unit, a Red Bird System can serve anywhere between 5000 and 20,000 people. The smile says it all. For some, a Red Bird may be the only way to ever have access to safe, clean water. In any case, the press release announcing that Cardinal Resources has installed and begun operating its first Red Bird System in Panama is in its entirety below. I just want to highlight one snippet it from it: "Local officials completed their initial inspection and the acceptance testing by Panamanian officials will be completed by early December. As a result of the initial demonstration the local officials have officially requested that three systems be installed in their community as early as February 2016." I honestly don't know if the people making the request for more systems are the same people who will be writing the check for future Red Birds, but considering how confident the distributor was they'd be able to sell five a month for several months and then hearing today how local government representatives in Panama are already putting the wheels in motion for more Red Bird Systems, I have to think the political and the financial wherewithal there looks very, very good for Cardinal Resources. More than that, I've got a sneaking suspicion this is one of those things where, the more the word gets out, the more communities want them, which spreads the word even further, which drives even more demand, which gets even more people talking... you get the idea. This may well become THE pivotal moment for the company, and the stock. On that note... There's one last picture I want to show you - a chart of CDNL. Like all the pictures above, this one speaks for itself. Once word got out on Monday that the first system was being set up in Soloy, the market piled on. Now that the first one is up and running and people want more of them, the stock's rally is heating up. There's no telling where it could end up now that the ball's rolling. Bottom line: It took longer than expected, and there's still work to be done. But, if there was any lingering doubt about Cardinal Resources being able to live up to its potential, I'd say the last of it was erased today. Cardinal Resources Panama Update; The First Panama Red Bird System Is Installed and Acceptance Is Moving Ahead PITTSBURGH, PA--(Marketwired - November 19, 2015) - Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, with our team including its assembly partner, Forest Edge Technologies completed the start-up of the first Community Red Bird System - 10 in Soloy Panama. This CRB-10 is installed in Soloy as a demonstration of the capabilities of the patented Red Bird System for the community and Senior Engineers for the Republic of Panama. Local officials completed their initial inspection and the acceptance testing by Panamanian officials will be completed by early December. As a result of the initial demonstration the local officials have officially requested that three systems be installed in their community as early as February 2016. Kevin Jones, Cardinal Resources CEO, stated, "The people of Soloy are thrilled that the first system is operating. The initial inspection by the community including the taste testing of the water, brought smiles all around at the prospect of having clean drinking water year around. In addition to the clean water the women and men who lead the community are excited about the training for the local members of the community in the operation and maintenance of the system." The addressable Latin American market for clean water is enormous, with the World Health Organization estimating over 50.0 million people in the region are without adequate access to clean, pure water. In Panama, where the access to water is among the best in the region, the UNICEF and WHO 2013 update to Progress on Sanitation and Drinking Water estimates over 500,000 people lack access to clean pure water. Depending on the Red Bird model selected, just one system can provide clean water for communities of 5,000 to 20,000 people. Additionally, the installation of the CRB-10 system will enable Cardinal's distributor, Agua Saludable Group, to showcase an actively working Red Bird System to other potential customers from throughout the region. About Cardinal Resources Cardinal Resources brings a unique blend of experience, technology, and focus to projects worldwide and across the United States from its office in the Pittsburgh, Pennsylvania area. Its commitment to Clean Water, Clean Environment, Worldwide includes the patented Red Bird System, a solar-powered community-sized drinking water system, and the Grey Bird Approach to wastewater treatment and green infrastructure as well as a deep range of traditional environmental and engineering services. For more info, visit us at www.cardinalres.com. Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged. The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this presentation and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Contact: Company Kevin Jones 412-374-0989