Exhibit EX-99.55

INTERNATIONAL GEMINI TECHNOLOGY INC.
#208 — 828 Harbourside Drive,
North Vancouver, British Columbia V7P 3R9
Telephone: (604) 904-8481 Facsimile: (604) 904-9431

THE ATTACHED INTERIM FINANCIAL STATEMENTS FORM AN INTEGRAL PART OF THIS MANAGEMENT DISCUSSION AND ANALYSIS AND ARE HEREBY INCLUDED BY REFERENCE

Management has been pursuing projects involving precious metals exploration and development. It has also been reviewing an industrial project. Both of these areas of activity strain the limited resources of the company. In the industrial situation one of the key elements is to determine how expensive the product is to market. That combined with the length of the sales cycle will be the key determinant of ultimate commercial success. Without positive results, securing the necessary financing will be difficult. The other activity that management undertook during the quarter was to file the 20-f with the SEC earlier than usual.

The business of the Company entails significant risks. Any analysis of the trend of the company’s activities would reveal this. And there is nothing to suggest that these trends will change.

The company’s sole activity is its search for a suitable acquisition or acquisitions that can be made and financed at prices and terms that make business sense. The acquisitions targeted will provide products and/or services to customers largely in the United States. They should also have the potential to be grown significantly by excellence in marketing.

World economic conditions, including the trade and budget deficits in the United States, have made the case for precious metals a compelling one. This, combined with the availability of capital for precious metals projects has expanded the acquisition search to include precious metals exploration and development opportunities.


Selected Financial Data [Annual]
(Expressed in Canadian Dollars)
	12 Months ended December 31
	2003			2002			2001
Net Operating Revenues	$	3,000			22,000			0
Net income (loss)	$	(37,863	)		(35,443	)		(23,805	)
Income per share from continued operations	$	0			0			0
Share capital per Canadian GAAP	$	13,265,283			13,265,283			13,265,283
Common shares issued		8,323,119			8,323,119			8,323,119
Weighted average shares outstanding per Canadian GAAP		9,666,848			9,666,848			9,666,848
Total Assets	$	49,070			157,186			134,991
Net Assets (liabilities)	$	36,715			74,578			109,842
Cash Dividends Declared per Common Shares	$	0			0			0
Exchange Rates (Cdn$ to U.S.$) Period Average	$	0.7135			0.6368			0.6458

The company‘s sole focus is on finding and completing a suitable acquisition, or suitable acquisitions. This activity is largely carried out by the directors and large shareholders at their expense. Accordingly its revenue is insignificant and certainly not material. Results can fluctuate on the basis of postal rate increases, or reductions in courier or long distance phone rates.

The company has shown modest losses for the past several years. These losses result largely from having no revenue, rather than having unusual expenses. The expenses of the company are almost completely related to satisfying regulatory requirements, including the annual meeting, communication with shareholders; and seeking and evaluating acquisition prospects for suitability and ability to attract financing.

Since the Company is organized in Canada, the Company’s March 31, 2004 consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles.

As at March 31, 2004, the Company had accumulated losses totaling $13,281,912. The Company had a working capital deficit of $14,879 as at March 31, 2004. The continuation of the Company is dependent upon the continued financial support of shareholders as well as obtaining long-term financing when the company concludes an appropriate merger or acquisition agreement.

As noted, these conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might arise from uncertainty. However, had the audit been conducted in accordance with U.S. generally accepted auditing standards the auditors would have reflected these concerns in their report and would have included an explanatory paragraph in their report raising concern about the Company’s ability to continue as a going concern.

As at March 31, 2004 the Company had cash and term deposits of $408 and a working capital deficit of $14,879.


Selected Financial Data [Quarterly - unaudited]
(Expressed in Canadian Dollars)
										Quarter Ended
		3/31/2004		12/31/2003		9/30/2003		6/30/2003			3/31/2003		12/31/2002	9/30/2002		6/30/2002
Net Operating Revenues	$	0		0		3,000		0			0		22,000	0		0
Net income (loss)	$	(5,570	)	(10,512	)	(8,797	)	(9,534	)		(9,020	)	21,316	(9,806	)	(41,077	)
Income per share from continued operations	$	0		0		0		0			0		0	0		0
Share capital per Canadian GAAP	$	13,265,283		13,265,283		13,265,283		13,265,283			13,265,283		13,265,283	13,265,283		13,265,283
Common shares issued		8,323,119		8,323,119		8,323,119		8,323,119			8,323,119		8,323,119	8,323,119		8,323,119
Weighted average shares outstanding per Canadian GAAP		9,666,848		9,666,848		9,666,848		9,666,848			9,666,848		9,666,848	9,666,848		9,666,848
Total Assets	$	46,432		49,070		84,042		160,457			158,334		157,186	133,621		136,417
Net Assets (liabilities)	$	31,145		36,715		47,230		56,027			65,558		74,578	53,083		62,889
Cash Dividends Declared per Common Shares	$	0		0		0		0			0		0	0		0

The Company Has A History Of Operating Losses And May Have Operating Losses And A Negative Cash Flow In the Future.

The Company’s Auditors Have Indicated That U.S. Reporting Standards Would Require Them To Raise A Concern About The Company’s Ability To Continue As A Going Concern.