Network 1 Finl Group Inc (OTC:NTFL)

This stock has been identified as a shell company.

he Company has existed as a shell company with no subsidiaries and no business operations. The Company’s plan of operation is to seek a target company with which to merge or to complete a business combination. In any transaction, management anticipates that the Company would be the surviving legal entity and the shareholders of the Company would retain a percentage ownership interest in the post-transaction company. The amount of the retained equity ownership by the shareholders will be negotiated by the Company’s management and the target company.

 The company recently announced that it has signed a letter of intent to acquire Network 1 Financial Securities Inc., a full service broker dealer headquartered in Red Bank, NJ.

Last updated August 5, 2008


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