BUSINESS IS EXPLODING IN ASIA- SINGAPORE 8%, THAILAND 6.5% AND CHINA 8.5-9% THE CURRENT PICTURE THAT THE MARKETPLACE PAINTS WITH RESPECT TO AWRCF.PK IS ONE CLOUDS AND FUZZY FIGURES, BUT IN REALITY IF YOU EXAMINE THE PICTURE MORE CAREFULLY YOU WILL SEE A COMPANY THAT IS TRADING @ A STEEP DISCOUNT TO ITS CASH-ON-HAND, PLANT AND EQUIPMENT, REVENUE AND PROFITS!



AS MENTIONED EARLIER: AWRCF.PK IS A LEADING MANUFACTURER OF WIRE AND CABLE PRODUCTS (COPPER IS PRIMARY METAL) FOR THE TELECO AND POWER INDUSTRIES IN SELECTED MARKETS IN THE ASIA PACIFIC REGION.

STATS:

2003 LAST YEAR OF AUDITED FINANCIAL

2004 & 2005 NO AUDITED FINANCIAL BUT HAS RELEASED SELECT NUMBERS.

AT PRESENT ( ACCORDING TO JUNE 30TH ANNUAL MEETING) 13.8 MILLION SHARES FULLY DILUTED OUTSTANDING.

CASH @ THE END OF 2003-$29. MILLION

CASH @ THE END OF 2005-$40. MILLION

2003 REV AND GROSS PROFIT $211 MILLION AND GROSS PROFIT OF $33 MILLION AND NET INCOME/SH OF .72 FULLY DILUTED ( 13.8 MILLION SHARES.

2004 REV AND GROSS PROFIT $296 MILLION AND $39 MILLION--NET INCOME/SH UNKNOWN @ THIS TIME BECAUSE OF NON-QUALIFIED AUDIT BY ERNST & YOUNG. FROM 9 MONTHS #'S NET INCOME WAS AROUND .30 ( INCLUDES A .15 WRITE OFF).

2005 REV AND GROSS PROFIT $341 MILLION AND $38 MILLION GROSS PROFIT. DO NOT HAVE INCOME/SHARE NUMBER--CONSIDER THIS!!!



DURING THE END OF 2003 THE STATED BOOKVALUE WAS AROUND $8.00 --$107 MILLION IN EQUITY WITH TOTAL CURRENT LIABILITIES OF $69 MILLION AND ALSO RECALL THAT THE CASH BALANCE @ THE END OF 2003 WAS AROUND $29 MILLION.



LOOK @ THE NUMBERS RELEASED ON JUNE 30TH 06- THE CASH HAS INCREASED DRAMATICALLY TO THE END OF 2005 TO $40 MILLION--THIS INDICATES THAT THE COMPANY HAS MADE ALOT OF MONEY DURING THE PAST 2 YEARS!!! YOU DON'T ADD THAT KIND OF CASH IF YOU ARE LOSING MONEY!!( THEY DID NOT SELL ANY ASSETS EITHER!). THE GROSS PROFITS HAVE REMAINED RELATIVELY CONSTANT DURING THIS 2 YEAR TIME PERIOD AND THE PROFIT MARGINS HAVE REMAINED IN THE LOW TEENS--ALL INDICATING TO US THAT THIS COMPANY REMAINS EXTREMELY PROFITABLE DURING 2004 AND ESPECIALLY DURING 2005.. WE BELIEVE THAT THE QUESTION AND WRITE-DOWNS RELATE TO 2004 NUMBERS AND NOT 2005 AND BECAUSE OF THIS FACTOR IT IS OUR BELIEF THAT 2005 HAD NET OF AROUND .70/SHARE (13.8 MILLION SHARES FULLY DILUTED AND OUTSTANDING).

PLEASE RECALL THAT THE TOTAL CURRENT DEBT OF 2003 WAS $69 MILLION AND ACCORDING TO THE RECENT PRESS RELEASE THE CURRENT DEBT @ THE END OF 2005 STOOD @ $76 MILLION.

IN OUR OPINION, WE BELIEVE THAT THE BALANCE SHEET HAS IMPROVED REGARDLESS OF A FEW QUESTIONABLE WRITE DOWNS AND POOR FINANCIAL CONTROLS @ ONE OF THEIR DIVISIONS. EVEN IF WE WRITE OFF THE GOODWILL WHICH STANDS @ A TINY $8 MILLION IT IS OUR VIEW THAT THE EQUITY OF AWRCF.PK REMAINS BETWEEN $115 AND $120 MILLION, WHICH YIELDS A BOOK VALUE OF $8.69!



WHEN WE LOOK @ CASH/SH-THE NUMBERS CONTINUE TO BE VERY IMPRESSIVE!

AT THE END OF 03 CASH WAS $29 MILLION OR $2.10/SH

AT THE END OF 05 CASH WAS $40 MILLION OR $2.89/SH



WITH A SHARE PRICE OF .95 IT IS HARD TO BELIEVE THAT OUR SHARES ARE SELLING @ 1/3 OF CASH VALUE!!!!!

WHEN YOU CONSIDER THAT THE BOOK VALUE IS AROUND $8.70 AND THE SHARE PRICE IS .95 THAT AWRCF.PK IS TRADING @ 11% OF STATED BOOK!

WHEN YOU CONSIDER THAT THE REV OF 2005 WAS $341 MILLION AND THE MARKET CAP IS ONLY $13.1 MILLION, WHICH YIELDS A PSR OF .04- THAT THIS STOCK IS SO CHEAP THAT IT DEFIES ALL REASONING!

MANAGEMENT MENTIONS WITHIN THE JUNE 30TH 2006 PRESS RELEASE THAT BUSINESS IS VERY STRONG DURING THE FIRST HALF OF 2006!



BASICALLY WE HAVE A EXTREMELY UNDERVALUED SITUATION WITH A FEW CORRECTABLE PROBLEMS THAT BECAUSE OF IN-FIGHTING AMONG DIRECTORS THINGS STALLED AND THE SHAREHOLDERS HAVE SUFFERED! IT APPEARS THAT FROM THE 2 1/2 CONFERENCE CALL ON JUNE 30TH 2006 THAT THIS COMPANY IS NOW HEADING IN THE RIGHT DIRECTION! A NEW AUDITOR HAS BEEN HIRED AND ERNST AND YOUNG STILL MAY COMPLETE THE 2004 AUDIT!

REGARDLESS, WE HAVE A COMPANY DOING BUSINESS IN A PART OF THE WORLD THAT IS GROWING BY AROUND 8%, REVENUES ARE EXPANDING RAPIDLY ( 41% DURING 2004 AND 15% DURING 205) , THE FUNDAMENTALS ARE WAY-OUT- OF-WACK --THE SHARE PRICE IS 1/3 OF CASH AND 11% OF BOOK AND .04 OF SALES (PSR IS .04)!

MANY OF YOU WILL NOT BUY THIS ISSUE BECAUSE IT IS FOREIGN AND PINKSHEET LISTED AND HAS A FEW CORRECTABLE PROBLEMS AND I SAY TO YOU THAT IS YOUR PROBLEM BECAUSE THE SMART INVESTOR WILL BACK UP THE TRUCK!!!

WITH A LITTLE PATIENCE WE BELIEVE THAT THIS STOCK DURING THE NEXT 12-18 CAN REACH A SHARE PRICE OF $10.00!!

IT IS IMPORTANT TO NOTE: WE BELIEVE THAT DURING 2005 AWRCF.PK MOST LIKELY EARNED AROUND .70 AND IF WE GIVE A PE VALUE OF 10 YOU WOULD GET A SHARE PRICE OF $7.00/SH NOT THE CURRENT .95! AWRCF COULD EASILY TRADE @ 2 TO 3 TIME BOOK AND THE SHARE PRICE COULD BE $18 TO $27-- IF AWRCF.PK WERE TO TRADE @ 1/2 SALES INSTEAD OF .04 THEN THE AWRCF.PK WOULD TRADE AT AROUND $14.00---ALL THESE ASSUMPTIONS ARE BASED UPON 2005 NUMBERS!

BECAUSE MANAGEMENT MENTIONS THAT BUSINESS IS STRONG DURING THE FIRST HALF OF 06 WE ARE ASSUMING THAT REV FOR 06 WILL APPROACH $400+ MILLION WITH PROPORTIONAL EARNINGS.

WE BELIEVE THAT THIS COMPANY WILL BECOME CURRENT WITH THEIR FILINGS AND WILL MOVE TO A LISTED EXCHANGE AND GREATER VIS WILL INCREASE THE SHARE PRICE OF AWRCF.PK TO A MORE FAIRLY PRICED AND VALUED AS IT SHOULD BE!

THE 20-F FOR 2003 AND ALL THE 6-K'S CAN ALL BE VIEWED VIA SEC FILINGS. EVERYTHING IS THERE FOR YOU TO REVIEW AND PLEASE READ THE JUNE 30TH 2006 PRESS RELEASE-

ADDITIONAL NOTE: THE DIVISION THAT CAUSED ALL THE PROBLEMS HAS BEEN CLOSED & A NEW PLANT IS BEING BUILD IN ANOTHER PART OF CHINA. THE MANAGEMENT & DIRECTORS THAT WERE INVOLVED IN THIS DIVISION HAVE BEEN REMOVED ACCORDING TO MANAGEMENT DURING THE CONFERENCE CALL.

WE CURRENTLY HOLD A POSITION IN AWRCF.PK INVESTMENT OPP. WE MAY BUY, SELL AND OR HOLD ANY OF THE LISTED INVESTMENTS @ OUR OWN DISCRETION. WE HAVE NOT BEEN PAID BY ANY OF THE LISTED INVESTMENTS. WE OWN @ PRESENT 18K OF AWRCF.PK @ $1.15/SH

PHONE SERVICE INVESTORS ARE INFORMED FIRST- COST $750 PER YEAR!! WE CALL YOU!! FOR MORE INFORMATION CALL 801-272-4761--GET IN BEFORE THE HERD--

S.A.Advisory