When the Company was organized on March 11, 2003, Articles of Incorporation were filed in which 95,000,000 shares of common stock and 5,000,000 shares of preferred stock were authorized. On September 10, 2003, 25,536,388 million shares of common stock were issued to the founders of the Company and original investors in the Corporation, 7,000,000 shares were issued for the purchase of Wisdom Global Mining assets, 2,200,000 shares were issued for the purchase of La Mejor Livestock Company and La Mejor Trucking Company, and 2,500,000 shares were issued for the purchase of 80% of International Reinsurance Company. Since the original issue of Common Stock the Company has issued the following shares of common stock, which represent 5% or more of the same class of outstanding shares:
RESUMES OF THE BOARD OF DIRECTORS AND SIGNIFICANT OFFICERS – WISDOM INTERNATIONAL CORPORATION MICHAEL P. MESERVY (58), WIC’s Co-Founder, Chief Executive Officer. Prior to his involvement with Wisdom (November 2002 to present), Mr. Meservy owned and managed Arkentsone Enterprises from 1994 through 2002, Arkenstone, a consulting company, specialized in assisting start-up companies with financing efforts. He has successfully raised millions of dollars for small, emerging growth companies among which include Interjet.net, Pacific Nakon International and Diatec International. From 1980 to 1984 Mr. Meservy launched a successful career as a stockbroker, becoming Merrill Lynch’s top producing account executive in the Intermountain area. Since leaving the brokerage business, he has focused on his own companies, one of which was successfully merged with a NASDAQ company. After graduating from the Utah State University in 1970 where he played football Mr. Meservy joined the United States Army where he served as a commissioned officer.
HENRY G. (TODD) NORVELL (56) is the Founder of International Reinsurance Company, Ltd. Mr. Novell realized in the mid-eighties that the insurance companies that were making the most profits in the insurance industry were those who were selling reinsurance policies. Companies such as Warren Buffet’s, Berkshire Hathaway have centered their entire operation around their insurance and reinsurance business even though they own numerous name brand companies. Mr. Norvell has been in the insurance business since 1972 and has successfully run his own insurance agency since 1986. In 1986 Norvell founded Norvell & Associates, an Insurance Brokerage Company. He ran Norvell & Associated until 2000 when he founded International Reinsurance Company, Ltd.
Mr. Holloway, under the direct supervision of Mr. Newton and the Board of Directors of the Company, has directed IRC towards reinsurance of companies such as Warren Buffet's Berkshire Hathaway, have centered their entire operation around their insurance and reinsurance business, even though they own numerous name brand companies. There are no conflicts of interest between the above named firms.
When we first created Tamarack Development Company we partnered with an existing development group out of North Carolina and immediately began working on three exciting projects. Our focus was to build three exciting new retirementorientated residential community’s and golf courses built on approximately 700 to 900 acres of land and located in some of the most exciting resort areas in the United States. The three uniquely designed projects planned for development were located in three of the most prestigious golf areas along the eastern seaboard. They included: Pinehurst and Beaufort, North Carolina and North Myrtle Beach, South Carolina.
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