Item 8.01 Other Information - Extension of Time to File the Company's 2020 - 10Q Quarterly Report for the period ended April 30, 2020 Pursuant to SECURITIES AND EXCHANGE COMMISSION [Release No. 34-88465 / March 25, 2020] ORDER UNDER SECTION 36 OF THE SECURITIES EXCHANGE ACT OF 1934 MODIFYING EXEMPTIONS FROM THE REPORTING AND PROXY DELIVERY REQUIREMENTS FOR PUBLIC COMPANIES as RELIEF PROVIDED TO Registrants or other persons impacted by COVID-19 from March 1, 2020 to July 1, 2020.

1) The Company is relying on the Order (Release No. 34-88465) for the extension

of up to 45 days after the required filing date of June 15, 2020;

2) The Company is not in a position to file its Quarterly Report on Form 10-Q for


    the period ended April 30, 2020 (the "Form 10-Q") in a timely manner (by the
    June 15, 2020 due date) without compromising the health and safety of key
    personnel involved in its completion because of the recent Coronavirus (COVID
    - 19) isolation from quarantines and related risks;

3) Although the Company is relying on, and may ultimately require the full 45


    days of relief, which may be necessary if the COVID- 19 Pandemic continues to
    impose additional burdens and delays on key personnel, it is anticipated that
    the Form 10-Q Quarterly Report, along with the audited financial statements
    and related accounting review, will be filed on or before July 30, 2020;

4) At present, the Company is unaware of any specific risk factor or the impact

of COVID-19 on its business, although no guarantee can be made of any future

negative effect that may occur;

5) In light of recent developments relating to the Coronavirus, the Company will


    be supplementing the risk factors in its Quarterly Report on Form 10-Q to be
    filed with the Securities and Exchange Commission and, as previously stated
    herein, it is expected to be filed on or before July 30, 2020 with the
    following risk factor:

The scale and scope of the recent Coronavirus (COVID-19) outbreak and resulting pandemic is unknown and, due to this and other factors, it has the potential to result in an adverse impact on our business at least for the near term.

As the U.S. faces the novel Coronavirus Pandemic, the Company is following the recommendations of government and health authorities to minimize exposure risk for its employees and professionals. The Company will closely monitor this global health crisis and reassess its strategy and operational structure on a regular ongoing basis as the situation evolves. The rapid spread of the Coronavirus globally has also resulted in increased travel restrictions, disruption and shutdown of certain businesses in the U.S. We may experience impacts from changes in behavior related to pandemic fears, quarantines and market downturns, as well as impacts on our current goals if the virus becomes widespread in any of our areas of business. In addition, one or more of our professionals or service providers may experience financial distress, file for bankruptcy protection, go out of business, or suffer disruptions in their business due to the coronavirus outbreak. The global scale and scope of the coronavirus is unknown and the duration of the business disruption and related financial impact cannot be reasonably estimated at this time. The extent to which the coronavirus impacts the Company's results will ultimately depend on future developments, and potentially the courts, which are highly uncertain and will include the duration of the downturn, emerging information concerning the severity of the coronavirus and the actions taken by governments and private businesses to attempt to contain the coronavirus. In summary, the Company considers at least a near term possibility that the coronavirus currently has the potential to result in an adverse impact on our business, results of operations and financial condition.





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