On September 7, 2011, Dynamic Intelligence Inc. ("Dynamic") provided the Company with a Notice of Non-Renewal, pursuant to an Intellectual Property Agreement (the "Agreement") entered into by the parties on December 9, 2005. Pursuant to the terms of the Agreement, the term of the Agreement would be automatically and continuously extended in one (1) year increments unless either party provided notice of non-renewal at least ninety (90) days before the end of the then-current term. Due to Dynamic's Notice of Non-Renewal, the Agreement will not renew on December 9, 2011.
Appointment of Jeff Robinson
On March 14, 2012 a majority of the board of directors of the Company approved the appointment of Jeff Robinson as Chairman of the Board of Directors.
Resignations of David Greenberg, Steve Frankel and James Beatty
On March 15, 2012, David Greenberg, Steven Frankel and James Beatty each resigned from their positions as members of the board of directors of the Company. Neither David Greenberg's or Steven Frankel's or James Beatty's resignation was the result of any disagreement with the Company on any matters relating to the Company's operations, policies or practices.
Appointment of Jeff Coe
On March 23, 2012 the board of directors of the Company approved the appointment of Jeff Coe as the Chief Operating Officer of the Company. Jeff Coe has not entered into an employment agreement with the Company.
Resignation of Jeff Robinson
On April 20, 2012, Jeff Robinson resigned from his position as director and Chairman of the Board of the Company. The resignation was not as a result of any dispute with the Company, its Officers, or Board of Directors.
Appointment of James Beatty
On April 20, 2012, the Board of Directors of the Company appointed James Beatty to serve on the Company's Board of Directors.
June 2012 ASYI Raised their A/S to 5 BILLION Shares