(f) Type of Date Consideration Exemption claimed
security issued received (Minnesota Statute)

_______ _______ _____________ _________________
_______ _______ _____________ _________________
_______ _______ _____________ _________________

(g)The persons or class of persons to whom any securities were sold:Public investors in a registered
offering in another state or accredited investors in Minnesota.

(h)The name of any broker-dealer or agent participating in any sales and the amount of commissions or other
remuneration paid, if applicable:NONE

(7)

A description of all securities of the registrant repurchased or otherwise reacquired by the registrant within the
fiscal year covered by the report:NONE

(8)

The names and addresses of all officers and directors, or persons occupying similar status or performing
similar functions:

a) the issuer's directors

Edward G. Palmer
15548 95th Circle NE
Elk River, Minnesota 55330

Lawrence J. Matthews
7601 5th Avenue South
Richfield, Minnesota 55423

Lawrence Garde
8021 Oakmere Road
Bloomington, Minnesota 55438

Lee M. Berlin
13801 Ton Bridge Court
Bonita Springs, Florida 34135

b) the issuer's officers

Edward G. Palmer
15548 95th Circle NE
Elk River, Minnesota 55330

James F. Stanley
19096 Carson Street
Elk River, Minnesota 55330

(9)

A description of the business of the registrant, including its products and services, competitive conditions,
sources of supply, the number and general function of employees, its market area, and any other factors which
materially affect the business or operations of the registration:See the attached Prospectus

(10)

A summary of operations for the fiscal year covered by the report including, without limitation, gross
revenues, cost of goods sold or services provided, net income, debt service and earnings per share of each
class of equity security outstanding, together with a comparison of similar figures for the fiscal year