Strategic Asset Leasing Inc (LEAS)

[ofspring]

Note 8- Subsequent events
At the time of these financial statements the Company has committed to several subsequent
events to take place during the fourth quarter:
On September 17, 2014, the Board of Directors voted unanimously to recommend that the
shareholders approve an amendment to the Articles of Incorporation changing the name of the
corporation to: STRATEGIC ASSET LEASING, INCORPORATED.
Further, on that same date, the Board of Directors declared a negative stock dividend of its
common stock at 1 for 500 share ratio on all active shares of common stock on a record date of
September 30, 2014 and to become effective on November 4, 2014.
Both actions were approved by a majority of the shareholders on October 17, 2014. The
Company on October 20, 2014 filed the Electronic Notification required by the Financial
Industry Regulatory Association (FINRA) and is awaiting approval of the proposed corporate
actions.
The negative stock dividend effectively reverses the common voting shares without affecting
the overall authorized capitalization of the Company and its par value. The effect of the reverse
will be to reduce the 252,000,000 common shares currently issued and outstanding to 504,000
common voting shares.
The Company has taken this action to facilitate an anticipated acquisition outside the mining
industry the name change better describes the expanded business profile of the Company in re
such type of acquisition. The negative dividend is being recommended to better restructure
the common stock of the corporation to make such an acquisition more attractive.