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Execution of Letter of Intent with Kool Telecom Ltd.
On April 19, 2012, the Company entered into a letter of intent with Kool Telecom Ltd. (" Kool ") (the " Letter of Intent "). Pursuant to the Letter of Intent, Kool and the Company will commence the negotiation and preparation of a share exchange agreement whereby we will acquire 100% of the shares of Kool for a certain number of shares of the Company's common stock. The Letter of Intent may be terminated at the earlier of: (a) mutual written consent of both the Company and Kool, or (b) at 5:00 pm EST on July 19, 2012.
*It is anticipated that the future activities of the Company will be derived from Kool Telecom Ltd., if the merger agreement is completed successfully.* 
Andrew Wells - KoolTel President A long-time entrepreneur, executive and telecommunications technician who understands the communications needs, pressures, priorities and profit-pursuing requirements - and the people involved. Telecommunications background His career began in the early 90s with a successful Toronto ecommerce-phone start-up. On the basis of its success, Andrew was recruited by a Utah (USA) long distance calling card firm where he became its president for a 7 year term. A talent for analysis and computer know-how allowed him to master the company's switching and billing system. Later, he progressed to being able to design then implement: - Phone systems
- Ethernet-based data networks, and
- Leading edge smart phone applications
He's also active in the community, serving as the chairman of a Toronto-based not-for-profit daycare centre, 'Today's Child, Tomorrow's Future.'
About KoolTel Achieve business advantage with a flexible, cost-effective system. To remain competitive and keep pace with constant change, your phone and network systems need to be adaptable. In being so, it becomes an enabler of your business goals: - Increase customer responsiveness and sales
- Enhance internal-external communications
- Increase productivity via improved company processes
- Reduce operating costs
Kooltel provides business savvy, creativity, and technical knowledge-excellence as your consultant in providing explains all of this in conversational English with a helping and problem solver attitude: asking insightful questions, listening, organizing a plan, and then acting on it.
KoolTel America Enjoy Americas' Freedom and Liberty. Now KoolTel America's Freedom plan allow's you to call anywhere across North America, all from the convenience of your computer. Dont worry if you are away, as you can forward your calls to any phone number of your choice! Notwithstanding, even if you miss a call, the voicemail will come to your email address and play as a wav file on your computer. As a bonus, KoolTel America is providing you a calling card for 500 minutes of free calling. All this from a toll free number!
Features:
Get Unlimited domestic Phone Calls for $17.76 a month + 500 Minute Calling Card to Call Anywhere in the US At Anytime Use a local number and forward your calls to your office, mobile phone, home phone, any phone. In addition, get these amazing features today:
Unlimited domestic calling for $17.76 per month
500 minute calling card per month
Use your computer to contact anybody in the US and Canada
FindMe, followMe - locate you on all your phone numbers when you are not online
Caller ID with Name
VoiceMail to Email
3 Call forwarding options
No need to disconnect your primary phone service
June 2012 ASYI Raised their A/S to 5 BILLION Shares
http://ih.advfn.com/p.php?pid=nmona&article=52493424
Aisystems, Inc. Background History:
AISystems, Inc. (the "Company") was incorporated in Nevada on February 22, 2005 under the name Wolf Resources Inc. On March 19, 2010, the Company acquired Airline Intelligence Systems Inc. ("AIS"), a development stage company based in the state of Washington which focused on software development for the airline industry.
On March 19, 2010, AISystems, Inc., formerly Wolf Resources Inc. (the "Company") acquired Airline Intelligence Systems Inc. ("AIS"), a development stage software development company based in the State of Washington, focused on software for the airline industry. In accordance with the Share Exchange Agreement upon delivery of 100% of AIS stock, the Company issued a total of 116,250,000 shares which represented 75% of the issued and outstanding common stock on a fully diluted basis and a total of 2,329,905 shares or 100% of the issued and outstanding Series B preferred stock. As a result of the merger transaction, the Company is no longer considered to be a shell company for reporting purposes.
The Company held a licensing right to develop and market a proprietary business platform for the airline industry and is in the process of building a software program while simultaneously creating an infrastructure for sustainable growth prepared to enter the commercial stage of its business life cycle. The Company has received a Notice of non-renewal with regard to this technology license.
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.
Charts
ASYI signs letter of intent with KoolTel:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8555589
ASYI 10K out:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8627155
ASYI 10K/A out:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8629804
ASYI 10Q out:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8630548
http://www.otcmarkets.com/stock/ASYI/quote
Share Structure | Shares Outstanding | 553,700,367 | a/o May 17, 2012 | | Float | Not Available | | Authorized Shares | 5,000,000,000 | a/o May 25, 2012 |
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