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Re: stervc post# 1070

Tuesday, 07/12/2011 11:37:27 AM

Tuesday, July 12, 2011 11:37:27 AM

Post# of 13896
I agree with your thoughts about ESPI! ESPI is going to go mammoth IMO. I am looking forward to an update soon on the business from the Middle East! ESPI may be a small company now, but they are working with some REALLY BIG companies and are setting up to make some major moves!

Shareholder meeting also coming up on July 28 to vote on:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7991183

The purposes of this meeting are as follows:
1. To elect three (3) members of the Board of Directors to one-year terms
2. To approve the 2011 Stock Option and Incentive Plan
3. To amend and restate our Bylaws including an amendment to (1) authorize the Board of Directors discretion to set the date of Annual Meetings, (2) authorize the Company to take actions by approval of the holders of a majority of the shares entitled to vote and (3) authorize the Board of Directors to amend the Bylaws
4. To amend our Articles of Incorporation including an amendment to (1) decrease the authorized shares of our common stock from 1,200,000,000 shares to 350,000,000 shares and (2) authorize a new class of stock, preferred stock, and that such class shall have 10,000,000 shares of stock authorized at $.001 par value
5. To ratify the appointment of MaloneBailey, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2011



Explanation for reduction in A/S:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7970633

The Board believes the current amount of authorized shares is not consistent with the future needs of the Company’s capital requirements or current shares outstanding and that a reduction in the authorized common stock will make us more attractive to equity investors, who might otherwise be concerned about the level of dilution such investors may suffer upon the issuance of a large number of additional shares. Therefore, we believe that a reduction of authorized shares will help improve the overall value of the Company to investors and increase shareholder value.



JMO,
Sho-Nuff

Striving through this huge forest of stocks to get to the right one at the right time.