Subject: File No. 4-500
From: B. Livanos

May 4, 2005

Dear Sir: It appears as an investor in this company for only a short period(two months) I feel there is manipulations on this security by short traders(naked positions) speculators and the like due to extreme volatility for a micro cap company which is not very well known. I would appreciate a complete in thorough investigation into illegal practices taken against this security and reported to the management of Fidelis upon completion.


B. Livanos