UNITED STATES DISTRICT COURT

                                EASTERN DISTRICT OF PENNSYLVANIA


                   _______________________________
                                                   )
                   COLMEN CAPITAL ADVISORS INC,   )
                                                   )   CIVIL ACTION - LAW
                                        Plaintiff  )
                                                   )   No 03-6849
                   v                              )
                                                   )
                   POLAR PLASTICS, INC            )
                   POLPART PLACEMENTS, INC,       )
                   POLAR PLASTICS, LTD,           )
                   3488161 CANADA, LTD            )
                   POLAR PLASTICS (NC), INC       )
                                                   )
                                        Defendants)
                   _______________________________)


                                    EXAMINATION ON DISCOVERY

                                  TESTIMONY OF Mr RICHARD WISE

                              Held at the offices of Wise, Blackman
                                 1 Place Ville Marie, Suite 3430
                                     Montreal (Que), Canada

                                      On November 8th, 2004



                   TELEPHONE APPEARANCES:

                   Mr FRANK SCHWARTZ
                   Counsel for Plaintiff

                   Mr TIMOTHY RUSSEL
                   Counsel for Defendants



                                        GEORGETTE SAVOIE
                                    Official court reporter   
 


                      November 8th, 2004                                 
                                                                         
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                                      TABLE OF CONTENTS

                                                                      PAGE


                      LIST OF UNDERTAKINGS                               4

                      LIST OF EXHIBITS                                   5

                      LIST OF OBJECTIONS                                 6


                      Witness: Mr Richard Wise

                      EXAMINED BY Mr TIMOTHY RUSSEL                    10

                      EXAMINED BY Mr FRANK SCHWARTZ                   177

                      REEXAMINED BY Mr TIMOTHY RUSSEL                 177


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                      November 8th, 2004                                 
                                                                         
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                                    LIST OF UNDERTAKINGS

                                                                      PAGE


                      UNDERTAKING 1:    Provide information as to 
                                        what percentage of Mr Wise\'s
                                        valuation reports in the past 
                                        10 years have implied using 
                                        2 years of operating results 
                                        or less, rather than longer
                                        periods                         74


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                      November 8th, 2004                                 
                                                                         
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                                      LIST OF EXHIBITS

                                                                      PAGE


                   EXHIBIT WISE 2: 
                              Document entitled \"Valuation of the 
                              Issued Shares of Polpart Placements 
                              Inc as at November 17, 2003\"              9

                   EXHIBIT WISE 3:
                              Document entitled \"Estimated Fair 
                              Market Value of Polpart Placements 
                              Inc as at April 30, 2001 and Related
                              Commentary\"                               10


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                      November 8th, 2004                                 
                                                                         
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                                   LIST OF OBJECTIONS (i)