This stock has been identified as a shell company.
We have not yet commenced any active operations and due to the death of our founder and president Mr. Richard Smitten in September 2006, we have determined that proceeding with our initial business plan will not be viable. We are now seeking other alternatives to preserve stockholder value, including selling controlling interest to a third party who would subsequently merge an operating business into the company. As of the date of this report, we have no binding agreement, commitment or understanding to do so. We have engaged in preliminary discussions with third parties concerning such a transaction, and we may continue further discussions while we re-domicile the company to Nevada and reverse split our issued and outstanding stock at a not-yet-determined ratio, all of which will be the subject of a Schedule 14A filing anticipated to occur in the near future.
Last updated July 19, 2010