You are on page 1of 5

)URP E  

7R 6(/)-())5(< E  
&F *,''(16*5(*25
6XEMHFW 5(%RUGHU)HQFH1HZV&OLSV2FW
'DWH 7KXUVGD\2FWREHU$0


,KDYH E   FKHFNLQJZLWK5*9DQG,ZLOOWRXFKEDVHZLWKRWKHU7;VHFWRUVODWHUWKLVPRUQLQJ

2ULJLQDO0HVVDJH
)URP6(/)-())5(<'
6HQW7KXUVGD\2FWREHU$0
7R E  
&F*,''(16*5(*25<
6XEMHFW):%RUGHU)HQFH1HZV&OLSV2FW

*X\V

1HHGWRFRQILUPWKDWRXURXWUHDFKSHUVRQQHOGLGQRWGRWKHEHORZ

-HII

2ULJLQDO0HVVDJH
)URP*,''(16*5(*25< E  
6HQW7KXUVGD\2FWREHU$0
7R)/2660$1/25(1:6(/)-())5(<' E  
&F$'$0652:'<' E  
6XEMHFW):%RUGHU)HQFH1HZV&OLSV2FW

$OOZHQHHGTXLFNFRQILUPDWLRQWKDWQRPRQH\ZDVHYHURIIHUHGWRODQGRZQHUVIRU5LJKWRI(QWU\HLWKHU
IRUFRQVWUXFWLRQRUVXUYH\,EHOLHYHZHQHYHUPRYHGRXWRQWKDWDSSURDFK

7KDQNV
*UHJ*

2ULJLQDO0HVVDJH
)URP E  
6HQW7KXUVGD\2FWREHU$0
7R*,''(16*5(*25<
6XEMHFW)Z%RUGHU)HQFH1HZV&OLSV2FW

*RRGPRUQLQJ6LU:DQWHGWRJLYH\RXDKHDGVXSRQWKLV$VIDUDV,NQRZWKLVQHYHUKDSSHQHGDQG,
KDYHQRLGHDKRZLWJRWRXW

2ULJLQDO0HVVDJH
)URP E  
7R E  
&F E  

6HQW7KX2FW
6XEMHFW%RUGHU)HQFH1HZV&OLSV2FW

)HGV6FUDS3ODQWR3D\7H[DV/DQGRZQHUV
%\$/,&,$$&$/':(//2FW
(/3$627H[DV $3 &ROGKDUGFDVKLVDSSDUHQWO\QRWHQRXJKWRTXHOOWKHDQJHUDPRQJODQGRZQHUV
RYHUDSODQQHGIHQFHDORQJWKH860H[LFRERUGHU

2SSRQHQWVRIWKHIHQFHUHIXVHGIHGHUDOZRUNHUVDFFHVVWRWKHLUODQGODVWPRQWKLQ6RXWK7H[DV$ERXW
WKHVDPHWLPHWKHJRYHUQPHQWRIIHUHGWRSD\VRPHSURSHUW\RZQHUVLQH[FKDQJHIRUSHUPLVVLRQ
WRFRQGXFWVXUYH\VIRUWKHSURMHFW

$IWHUPDQ\RIWKHPEDONHGDWWKHPRQH\RQSULQFLSOHWKHJRYHUQPHQWDEDQGRQHGWKHSODQ
,WKLQNLW
VEORRGPRQH\EULEHU\VDLG%URZQVYLOOH0D\RU3DWULFLR0$KXPDGD-U
7KHSURSRVDOWREXLOGPLOHVRIVWHHOIHQFHLVZLGHO\RSSRVHGLQWKH5LR*UDQGH9DOOH\WKHPRVW
KHDYLO\SRSXODWHGSDUWRIWKH7H[DV0H[LFRERUGHUDQGDUHJLRQZLWKDQHFRQRP\DQGFXOWXUH
GHSHQGHQWRQFURVVERUGHUWUDIILF

7KHSD\PHQWVZHUHEHLQJRIIHUHGLQDUHJLRQZKHUHWKHPHGLDQIDPLO\LQFRPHLVDERXW%XW
LQVWHDGRIZHOFRPLQJWKHZLQGIDOOPDQ\UHVLGHQWVZHUHRXWUDJHGZKHQIHGHUDORIILFLDOVGHVFULEHGWKH
SD\PHQWSODQ

$KXPDGDZKRVHERUGHUFLW\KDVDOUHDG\GHQLHGIHQFHSODQQHUVDFFHVVWRFLW\SURSHUW\VDLGWKH
SD\PHQWVZHUHLQVXOWLQJDQGGLVLQJHQXRXV

7KHIHGHUDOJRYHUQPHQWLVGRLQJDOOLWFDQWRJHWDFFHVV$KXPDGDVDLG7KH\DUHWKLQQLQJWKHKHUG
RIRSSRVLWLRQ VRWRVSHDNRQHE\RQH7KHVHWDFWLFVDUHQRWXQXVXDOZKHQWKH\ZDQWWRJHW
VRPHWKLQJGRQHOLNHWKLV

-RKQQ\+DUWRZQHURIWKH5LYHUVLGH&OXELQ0LVVLRQVDLGKHVHHVWKHPRQH\DVQRWKLQJPRUHWKDQD
EULEH%XWKHZRXOGQ
WWXUQLWGRZQ

*LYHPHDQG\RXFDQVXUYH\DOO\RXZDQWEXWLWGRHVQ
WPHDQ,DPQRWJRLQJWRILJKW\RXRQ
EXLOGLQJWKHIHQFH+DUWVDLG

&RQJUHVVKDVDXWKRUL]HGELOOLRQWREXLOGPLOHVRIIHQFLQJDORQJWKH860H[LFRERUGHU7KH
SURMHFWLQFOXGHVDERXWPLOHVRIVRFDOOHGYLUWXDOIHQFHDQHWZRUNRIFDPHUDVKLJKWHFKVHQVRUV
UDGDUDQGRWKHUWHFKQRORJ\7KHUHPDLQLQJVHFWLRQVSULPDULO\LQXUEDQDUHDVDUHH[SHFWHGWRKDYHDQ
DFWXDOIHQFH$ERXWPLOHVRIDFWXDOIHQFHLVSODQQHGLQ6RXWK7H[DV

1RHO%HQDYLGHVDFLW\FRXQFLOPDQDQGEXVLQHVVRZQHULQ5RPDVDLGWKHSD\PHQWVZRXOGFORXGWKH
LVVXH
,IWKLVZDVUHDOO\VRPHWKLQJWKDWZDVJRLQJWREHEHQHILFLDOWRWKHZKROHFRPPXQLW\DQGWKHZKROH
QDWLRQ,ZRXOGEHWKHILUVWSHUVRQWRVD\
0\IULHQG\RXFDQJRLQWKHUHDQGGRZKDW\RXQHHGWR
GR
%HQDYLGHVVDLG,W
VJRLQJWREHDZDVWHRIWLPH,W
VQRWJRLQJWRVWRSLOOHJDOLPPLJUDQWV

%HQDYLGHVDOLIHORQJUHVLGHQWRI5RPDVDLGUHVLGHQWVDQGORFDOJRYHUQPHQWVPD\HYHQWXDOO\ORVHWKHLU
EDWWOHDJDLQVWWKHIHQFHEXWWKH\SODQWRNHHSILJKWLQJ6WDWHRIILFLDOVLQFOXGLQJ5HSXEOLFDQ*RY5LFN
3HUU\DOVRRSSRVHSODQVWREXLOGWKHIHQFH

2Q7XHVGD\5HS+HQU\&XHOODUD'HPRFUDWIURP/DUHGRZKRLVRSSRVHGWRWKHIHQFHVDLG+RPHODQG
6HFXULW\DXWKRULWLHVWROGKLPWKHSD\PHQWSODQZDVRII+HGLGQRWHODERUDWH

,WZDVQRWFOHDUZKDWSURPSWHGWKHFKDQJHRIKHDUW&XVWRPVDQG%RUGHU3URWHFWLRQVSRNHVPDQ%UDG
%HQVRQGLGQRWUHWXUQVHYHUDOSKRQHFDOOVIURP7KH$VVRFLDWHG3UHVV

$KXPDGDVDLGWKHLVVXHZDVDOVRDPDWWHURIKLVWRULFDODQGSDWULRWLFSULGH
<RXDUHWDONLQJDERXWODQGWKDW7H[DQVDQG$PHULFDQVVKHGEORRGIRUWRNHHSKHVDLG$QGQRZWKH\
DUHWU\LQJWRPRYHWKHERUGHUIXUWKHUQRUWKWKDQHVWDEOLVKHGE\WUHDW\

)HGV/HYHHV\VWHPFDQQRWGRXEOHDVDERUGHUIHQFH
-DFNLH/HDWKHUPDQPDLOWRMOHDWKHUPDQ#WKHPRQLWRUFRP!
2FWREHU30
7KH0RQLWRU
0F$//(11RRQHH[DFWO\NQRZVZKDWNLQGRIEDUULHUWKHIHGHUDOJRYHUQPHQWZLOOILQDOO\GHFLGHWRHUHFW
LQWKH5LR*UDQGH9DOOH\WRFXUELOOHJDOHQWU\LQWRWKH8QLWHG6WDWHV

%XWGHVSLWHORFDORIILFLDOV
RSSRVLWLRQLWLVOLNHO\WRLQFOXGHDIHQFH

2Q:HGQHVGD\9DOOH\%RUGHU3DWUROVHFWRU&KLHI5RQ9LWLHOORVDLG+LGDOJR&RXQW\OHDGHUV
SURSRVDOWR
UHSDLUWKHIHGHUDOOHYHHV\VWHPDQGGRXEOHLWDVDVHFXULW\IHQFHDVUHTXLUHGE\IHGHUDOODZZRQ
WZRUN
IURPDVHFXULW\VWDQGSRLQWLIWKHUHLVQRIHQFH

7KH86,QWHUQDWLRQDO%RXQGDU\DQG:DWHU&RPPLVVLRQVXEPLWWHGDSURSRVHGGHVLJQWRKLPWKLVZHHN
WKDWVKRZVKRZLWFRXOGSHUIRUPWKHQHFHVVDU\IORRGFRQWUROV\VWHPUHSDLUVDQGLQFRUSRUDWHDFRQFUHWH
ZDOODQGIRRWIHQFHWRPHHWWKHJRYHUQPHQW
VQHHGV

,%:&RIILFLDOVKDYHSUHYLRXVO\VWDWHGWKDWWKH\ZHUHRSSRVHGWRIHQFHFRQVWUXFWLRQRQWRSRIWKHOHYHH
ZKLFKUHVHPEOHVDQDUURZJUDYHOURDGVORSHGRQERWKVLGHV7KHLULQLWLDOSURSRVDOVKRZVKRZDIHQFH
FRXOGEHORFDWHGRQWKHOHYHH
VVORSH

&RQJUHVVSDVVHGDODZLQWKDWUHTXLUHVPLOHVRIIHQFLQJWREHEXLOWDORQJWKH86DQG0H[LFR
ERUGHURIZKLFKPLOHVDUHVODWHGWREHLQ7H[DVODUJHO\LQWKH5LR*UDQGH9DOOH\

%8,/',712:6RPHODQGRZQHUVHDJHUO\DZDLWWKHIHQFH
-DUHG7D\ORUPDLOWRMWD\ORU#WKHPRQLWRUFRP!
2FWREHU30
7KH0RQLWRU
7RQ\1LHWRVDLGKH
VFDUHIXORQKLVIDPLO\
VODQGNQRZLQJWKHSUHYLRXVRZQHUKDGDQDVW\UXQLQZLWKD
JURXSRILOOHJDOLPPLJUDQWV

$VKHUHFHQWO\VWHSSHGRXWRIKLVZKLWH0D]GDSLFNXSWKH\HDUROGGHEWFROOHFWRUH[SODLQHGKH
DOZD\VFDUULHVKLVQLFNHOSODWHGVSHFLDOZKHQKHYLVLWVKLVIDPLO\
VSURSHUW\ORFDWHGDERXWDPLOH
QRUWKRIWKH5LR*UDQGHLQ'RQQD

1LHWRVD\V\RXFDQ
WEHWRRFDUHIXOZKLOHWUHDGLQJDORQJWKHERUGHUHYHQRQDVXQILOOHG7XHVGD\
PRUQLQJ

,W
VQRWYHU\SRZHUIXOEXWLW
VYHU\DFFXUDWHKHVDLGRIWKHVSHFLDO

8QOLNHPDQ\SHRSOHLQWKH5LR*UDQGH9DOOH\DQGQHDUO\HYHU\DUHDSROLWLFLDQ1LHWRVDLGKHZHOFRPHV
WKHIHGHUDOJRYHUQPHQW
VERUGHUIHQFHSODQZLWKRSHQDUPV

)HGHUDORIILFLDOVRIIHUHGQRWLPHOLQHIRUZKHQFUHZVZLOOEHJLQIHQFLQJQHDUWKHSURSHUW\KLVIDPLO\KDV
RZQHGIRUWKHSDVWVL[\HDUVEXWKHNQRZVWKDWWKHDFUHSORWZLOOIDOOVRXWKRIWKHEDUULHU1LHWRVDLG

:KHQWKHIHQFHJRHVXSRULILWGRHVUDWKHUVLQFHKLVIDPLO\
VSURSHUW\GRHVQRWERUGHUWKHIHGV
ILUVW
ZDYHRIIHQFLQJVFKHGXOHGIRUQH[W\HDULWZLOOEHDIRRWWDOOEDUULHUIURPWKHUHVWRIWKH8QLWHG
6WDWHV

)HGHUDORIILFLDOVKDYHWROGODQGRZQHUVWKH\ZLOOVWLOOEHDEOHWRDFFHVVSURSHUW\ORFDWHGVRXWKRIWKH
IHQFHWKURXJKDFFHVVFRQWUROOHGJDWHVDFFRUGLQJWR1LHWR
+HFDQKDUGO\ZDLW

,W
VDELJXJO\ZDOOEXWZH
UHWU\LQJWRVWHPWKHLOOHJDOLPPLJUDQWVKHVDLG:H
YHEHHQRXWWKHUH
ZKHUH\RXVHHJX\VRXWWKHUHLQWUXFNVZLWKJXQVDQGGUXJV
<RXMXVWVWHSRQWKHJDV<RX
YHJRWWRPRYH

1RUHVSHFW

2WKHUODQGRZQHUVDQGWKRVHZKROLYHQHDUWKHERUGHUVDLGWKHIHQFHZLOOGLVUXSWWKHZLOGOLIHDORQJWKH
ULYHUDVZHOODVWKHLUGDLO\OLYHV

0LNH9LFNHUVD)DOIXUULDVYHWHULQDULDQZKRVDLGKHRZQVDFUHVDORQJWKH5LR*UDQGHVRXWKRI3KDUU
ZDQWVLOOHJDOLPPLJUDWLRQWREHVWRSSHG

$IRUPHUPHPEHURIWKH0LQXWHPHQ&LYLO'HIHQVH&RUSV9LFNHUVVDLGKHOHIWWKHJURXSZKHQKHGHFLGHG
DIHQFHZRXOGVROYHQRWKLQJ

,W
VMXVWJRLQJWRUHGXFHWKHDFFHVVIRUUDQFKHUVDQGIDUPHUVWRWKHULYHUWKH)DOIXUULDVQDWLYHVDLG
$QG,MXVWWKLQNLW
VDELJZDVWHRIPRQH\

/LNH1LHWR9LFNHUVPDLQWDLQVWKDWLOOHJDOLPPLJUDQWVUHPDLQDWKUHDWWR$PHULFDQV
7KH\KDYHDEVROXWHO\QRUHVSHFWIRURXUVRYHUHLJQW\DQGRXUODZVDQGRXUJHRJUDSKLFERXQGDULHVKH
VDLG

)LQGWKHUHDVRQ

,URQLFDOO\1LHWRVDLGKHGHVFHQGVIURPLOOHJDOLPPLJUDQWVKLPVHOI

:KHQWKH\VWLOOOLYHGLQ0H[LFRKHVDLGKLVIDPLO\ZDVPDGHXSRIZHDOWK\ODQGRZQHUVLQWKHVWDWHRI
6DQ/XLV3RWRVt

%XWZKHQZRUNHUVVXFFHVVIXOO\RYHUWRRNKLVIDPLO\
VHVWDWHLQRQHRIWKHPDLGVIOHGWR7H[DVDQG
WRRNWKHODQGRZQHUV
EDE\DVKHURZQVRKHZRXOGVXUYLYH

1LHWRVDLGWKHLPPLJUDWLRQVLWXDWLRQWRGD\LVPXFKGLIIHUHQW

,W
VWKHSHRSOHFURVVLQJWKHLOOHJDODOLHQVKHVDLG7KH\
OOJRLQWKHUHDQGWDNHDOOWKHIRRG7KH\
OO
XVHWKHEDUEHFXHSLW

,XQGHUVWDQGWKH\QHHGZDWHUEXWGRQ
WOHDYHLWUXQQLQJ

6WLOO0DLPH5RGULJXH]ZKRVH5LR*UDQGH&LW\SURSHUW\ZRXOGEHWKHILUVWKRXVHWKH\
GFRPHDFURVV
DWWKHULYHUVDLGEXLOGLQJWKHIHQFHZLOOQRWKHOSWKHLPPLJUDWLRQVLWXDWLRQ

-XVWEHFDXVHLWLVDSUREOHP,
PQRWJRLQJWRWDNHLWDJDLQVWWKHSHRSOHWKDWFRPHKHUH
XQGRFXPHQWHGVKHVDLG

7KHUH
VDUHDVRQWKH\
UHFRPLQJLOOHJDOO\DQGXQWLOZHILQGWKDWUHDVRQZHZLOOKDYHWKLVSUREOHP
2IILFLDOVDGPLWWKH\PLVMXGJHGGLIILFXOW\RIYLUWXDOIHQFHZRUN
%\&KULV6WURKP1DWLRQDO-RXUQDO
V7HFKQRORJ\'DLO\
KWWSZZZQDWLRQDOMRXUQDOFRPDERXWWHFKQRORJ\GDLO\!2FWREHU
+RPHODQG6HFXULW\'HSDUWPHQWDQGLQGXVWU\RIILFLDOVWROGODZPDNHUV:HGQHVGD\WKDWLQWHJUDWLQJ
WHFKQRORJ\WRGHYHORSDYLUWXDOERUGHUIHQFHKDVSURYHGWREHPRUHFKDOOHQJLQJWKDQH[SHFWHGOHDGLQJ
WRWHFKQLFDOJOLWFKHVDQGRQJRLQJVFKHGXOHGHOD\V

7KHGHSDUWPHQW
VVRFDOOHG6%,QHWSURJUDPDOUHDG\KDVEHHQGHOD\HGPRUHWKDQIRXUPRQWKV
SURPSWLQJFRQFHUQRQ&DSLWRO+LOOWKDWWKHHIIRUWFRXOGIDOODSDUWOLNHSUHYLRXVH[SHQVLYHDQGULVN\ERUGHU
VHFXULW\HIIRUWV

7KHGHSDUWPHQWKLUHGWKHFRQWUDFWRU%RHLQJ,QWHJUDWHG'HIHQVH6\VWHPVWRGHYHORSWKHSURJUDPZKLFK
LVVXSSRVHGWRXVHWHFKQRORJ\SHUVRQQHOIHQFLQJDQGRWKHULQIUDVWUXFWXUHWRFRQWUROWKHERUGHUV
%RHLQJRIILFLDOVDFNQRZOHGJHGLQZULWWHQWHVWLPRQ\WKDWWKH\VKRXOGKDYHEHHQPRUHXSIURQWZLWK
ODZPDNHUVDERXWWKHLQKHUHQWVFKHGXOHDQGSHUIRUPDQFHULVNVDVVRFLDWHGZLWKDGHPRQVWUDWLRQ
SURJUDPRIWKLVNLQG

7KHILUVWSKDVHRIWKHSURJUDPFDOOVIRUVHFXULQJPLOHVRIGHVHUWLQ$UL]RQD*UHJRU\*LGGHQVWKH
SURJUDP
VH[HFXWLYHGLUHFWRUWROGODZPDNHUVWKDWPRVWRIWKHWHFKQLFDOLVVXHVZLWKWKDWSKDVHKDYH
EHHQUHVROYHG+HVDLG+RPHODQG6HFXULW\
V&XVWRPVDQG%RUGHU3URWHFWLRQDJHQF\KDVEHJXQ
FHUWLILFDWLRQDQGDFFUHGLWDWLRQWHVWLQJDQGDQWLFLSDWHVFRPSOHWLQJWHVWLQJLQ1RYHPEHU

&%3KDVSURYLGHG%RHLQJZLWKDOLVWRIGHILFLHQFLHVDQGGLUHFWLRQRQWKHSDWKIRUZDUGDQG%RHLQJKDV
H[SUHVVHGLWVFRPPLWPHQWWRIL[LQJWKHV\VWHPDQGGHOLYHULQJDQRSHUDWLRQDOFDSDELOLW\WR&%3*LGGHQV
VDLGGXULQJDMRLQWKHDULQJRIWKH+RXVH+RPHODQG6HFXULW\%RUGHU6XEFRPPLWWHHDQG0DQDJHPHQW
6XEFRPPLWWHH

'HSDUWPHQWDQG%RHLQJRIILFLDOVSUHYLRXVO\KDYHWRXWHGWKH6%,QHWSURJUDPDVEHLQJORZHULQULVNWKDQ
SUHYLRXVERUGHUVHFXULW\SURJUDPVEHFDXVHLWXVHVUHDGLO\DYDLODEOHWHFKQRORJ\UDWKHUWKDQWU\LQJWR
GHYHORSQHZWHFKQRORJ\%XW*LGGHQVDQG%RHLQJRIILFLDOVWROGODZPDNHUVWKH\XQGHUHVWLPDWHGWKH
FKDOOHQJH

,QWHJUDWLQJFRPSOH[RIIWKHVKHOIWHFKQRORJ\WKDWKDVQHYHUEHIRUHEHHQLQWHJUDWHGKDVSURYHQWREHD
FKDOOHQJHDQGKDVUHVXOWHGLQWHFKQRORJLFDOGLIILFXOWLHVZKLFKKDYHGHOD\HG&%3
VDFFHSWDQFHRIWKH
V\VWHP*LGGHQVVDLG+HDGGHGWKDWWKHFXUUHQWSKDVHKDVQRWEHHQDFFHSWHGE\WKHJRYHUQPHQW
DQGZLOOQRWEHDFFHSWHGXQWLO%RHLQJUHVROYHVDQXPEHURILQWHJUDWLRQDQGVRIWZDUHLVVXHV

3DWLHQFHLVDOVRJURZLQJWKLQRQWKH+LOOIRUUHVXOWV,DPH[WUHPHO\GLVPD\HGWRSXWLWPLOGO\VDLG
+RXVH+RPHODQG6HFXULW\&KDLUPDQ%HQQLH7KRPSVRQ'0LVV

:HZHUHWROGWKDWWKLVWLPHDURXQGWKHRXWFRPHZRXOGEHYHU\GLIIHUHQWSDUWO\EHFDXVHWKH
GHSDUWPHQWKDVOHDUQHGYDOXDEOHOHVVRQVIURPSULRUPLVWDNHVKHDGGHG,KDYHDJURZLQJVHQVHRI
GHMDYX7KHJRYHUQPHQWFDQQRWFRQWLQXHWRWKURZJRRGWD[SD\HUPRQH\DIWHUEDG

7KH*RYHUQPHQW$FFRXQWDELOLW\2IILFHDOVRUHSRUWHG:HGQHVGD\WKDWRWKHUHIIRUWVXQGHU6%,QHWDUH
OLNHO\WRVOLSLQVFKHGXOHDQGFRVWVFRXOGLQFUHDVHPDLQO\EHFDXVHWKHGHSDUWPHQWSODQVWRXVH
FRPPHUFLDOODERU

7KHFRVWRIWKHILUVWSKDVHLVPLOOLRQDQGLVQRWH[SHFWHGWRLQFUHDVH*LGGHQVVDLG+HDGGHGWKDW
WKHH[SHULHQFHZLOOEHQHILWRWKHUHIIRUWV

You might also like