NOTES RECEIVABLE

9 Months Ended

Sep. 30, 2011

Notes Receivable

NOTES RECEIVABLE

The Company has made loans to several companies, both owned by officers and

stockholders of the Company and to unrelated parties. The purpose of these loans

was to invest in other fiberglass manufacturing businesses in order to

facilitate the development and production of fiberglass products. The Company

does not expect repayment of these amounts to occur during the next 12 months.

Notes receivable are made up of the following:

Note receivable, related party, 10% interest,

due May 12, 2004 (past maturity) $ 6,000

Note receivable, related party, 10% interest,

due April 30, 2005 (past maturity) 52,452

Note receivable, related party, 10% interest,

due April 22, 2005 (past maturity) 20,253

Note receivable, related party, 8% interest,

due April 20, 2008 (past maturity) 14,700

Note receivable, unrelated party, 8% interest,

due August 8, 2008 (past maturity) 5,000

-----------

$ 98,405

===========

The above related party transactions are not necessarily indicative of the terms

and amounts that would have been incurred had comparable agreements been made

with independent parties.