I read this news with mixed feelings.

I know that the development of the OSZ was Del's dream and he also lost a friend and valuable co-worker (Wilf Struck) early on in this project. It must have been very hard for him to turn the reins over to a new CEO.

Thanks Del. for keeping PEM afloat during some very tough times.

However, Mr. Ryan has needed experience in building companies plus he appears very familar with projects in this part of the Idaho. These are very valuable assets for this company. He must see the potential in PEM.

We can only hope that the market sees Mr. Ryan's committment to PEM and the direction of the his leadership soon becomes apparent.

Several NR's in short order, outlining the steps his administration will take to bring PEM back on track, may be just what it takes to raise the value of the company and to get the share price moving up.

I believe that we have (finally) turned the corner.

- panamax