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Rino Intl (NASDAQ:RINO)

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Sunday, June 8, 2008

5,580,000 shares of Common Stock have been deposited in escrow t o secure the Company’s obligation to meet the net profit targets for 2007 and 2008.

Financial Targets:

1. 2007 net profit target : Not less than $16,000,000 (This translates into Earnings Per Share of $0.64 using 25 million shares outstanding).

2. 2008 net profit target : Not less than $28,000,000 (This translates into Earnings Per Share of $1.12 using 25 million shares outstanding).

The GeoTeam is attempting to determine the tax rate used in these targets.

Source: SEC form 10Q (March 31, 2008)

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