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Tuesday, March 18, 2008 9:57:01 PM
Here is the text describing the write off: "In February 2006, we began distributing Nutritional Products through an Associate network in South Korea. Effective October 31, 2006, we restructured our South Korean operations through the sale of these operations and concurrent entry into an exclusive license agreement with the purchaser. However, we subsequently wrote off the $516,000 balance of the note receivable received in connection with the sale and terminated this license agreement because the licensee failed to fulfill its obligations under the agreement."
Mike
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