Carpino Company

Carpino Company

2506 America Street

Orlando, FL. USA 33312

February 21, 2010

To: Shareholders

From: John Washington, CEO

Subject: State of Carpino

As you are aware last fiscal year ended January 31, 2007, was a very challenging year for us. We have endeavored to expand this entity by investing in the purchase of new equipments while retiring some old ones. For us to expand, we had to secure financing and we felt it was best after examining all options that additional issuance of capital stocks were necessary.

Inspite of the challenges we faced last fiscal year, we were able to increase our cash receipts to more than 70% and increase our retained earnings. We believe with our company on the cusp for future growth, it will improve our sales leading to increased earnings per share (EPS) and possibly dividends distribution. In addition, we feel confident we have embarked on a path that will reflect positively on our stock price. We will continue to buy back stocks as we deem necessary giving our shareholders improved EPS.

We are currently in negotiations with distributors in other parts of the country and overseas to assist in giving our products more visibility and a foothold. This will allow us to increase our market shares- one of our key components to generating additional sales and ultimately improving our bottom line. We are primed for improved growth and in coming months and years that will validate our strategy. Despite Carpino is a relatively new company, we believe we have the skills and expertise from top to bottom to increase our customer base by getting more distribution networks, low cost exposure via select media outlets, and continue to offer quality goods that important to consumers.

We ask for you support in supporting our products, recommending to family and friends, and allowing us to pursue the strategies that we are in the process of implementing soon.

Copy to:

Board of Directors

John Washington

Team...