Ealixir Inc (EAXR)

[ellen780]

In April 2011, Flint announced the launch of Flint Mobile, a full service MVNO (Mobile Virtual Network Operator) delivering prepaid wireless services including voice, text and data to address the migrant communities and smartphone users. Despite initial orders for 1,000 units, the Company was unable to make this business unit viable without the necessary funding and so it was decided to cease all activities in this area. It has come to management's attention in recent weeks that a separate and unrelated company located in California is also named Flint Mobile and operates in the mobile payments market. This is an unfortunate coincidence and there is no relationship between Flint Telecom and Flint Mobile in CA.