In addition, under the Third Amendment, the closing of Parcel A has been extended until December 31, 2005. Also in connection with the Third Amendment, the refundable deposit of $200,000 that was escrowed was returned to Trademark by the title agent. The extension fees paid by Trademark, totaling $175,000, were retained by K&B in accordance with the terms of the Agreement. The closing of the acquisition is still subject to various customary closing conditions. Additionally, closing is subject to certain special conditions such as the negotiation of a definitive agreement setting forth K&B's post-closing possessory rights.

This report contains statements about the future, sometimes referred to as "forward--looking" statements. Forward-looking statements are typically identified by the use of the words "believe," "may," "should," "expect," "anticipate," "estimate," "project," "propose,""plan," "intend" and similar words and expressions. Forward--looking statements are not guarantees of completion of proposed transactions, availability of tax-free treatment, or similar matters. Forward--looking statements are subject to risks and uncertainties outside CECO's control. Actual events or results may dif fer materially from the forward-looking statements. For a discussion of additional contingencies and uncertainties to which information respecting future events is subject, see CECO's other SEC reports.