Dear Committee Member,
 
In preparation for our discussion during the conference call on Thursday  afternoon, attached please find the revised analysis of CalPX's proposed budget  for your review.
 
Regards,
Michele
 
Michele M. Biggar
Financial Recovery Services
BDO Seidman  LLP
(310) 557-8210mbiggar@bdo.com 
 - AnalysisOfCalPXBudget.doc