Virtual Sourcing Inc. (fka PGCX)

[Slojab]

Disclosure statement.

http://www.otcmarkets.com/financialReportViewer?symbol=PGCXD&id=91301

A lot of culprits are mentioned in this report.

John Stanton owns or controls 600,017 restricted common shares and the 3,430,004 shares owned by Bulovatech Labs, Inc. with Mr. Stanton as the beneficial owner. It is the Company's understanding that Chapter 7 Trustee for the Middle District of Florida now owns and controls all assets related to John Stanton, as an operation of law as of February 22, 2012, the day on which his bankruptcy petition was converted to a Chapter 7 liquidation.

John Stanton owns or controls 600,017 restricted common shares and the 3,430,004 shares owned by Bulovatech Labs, Inc. with Mr. Stanton as the beneficial owner. It is the Company's understanding that Chapter 7 Trustee for the Middle District of Florida now owns and controls all assets related to John Stanton, as an operation of law as of February 22, 2012, the day on which his bankruptcy petition was converted to a Chapter 7 liquidation.

Mr. Stanton has warrants for his arrest for contempt of court related to non-appearance at various courts as ordered by the judges and/or magistrates in the civil cases listed below.
Mr. Stanton was arrested on Friday September 7, 2012 on a criminal warrant served by the U.S. Marshall's in Orlando, FL on several counts related the failure to file various tax returns for business and his personal returns for several years. He remains incarcerated after bail was denied on September 20, 2012.
2. Neither Mr. Stanton, nor Mr. Birmingham have had the entry of an order, judgment or decree, by a court of competent jurisdiction, that permanently or temporarily enjoined, barred, suspended or limited his involvement in any type of business, securities, commodities, or banking activities.
3. Mr. Birmingham has not had a finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended or vacated. John Stanton' activities are reported below:

E. Disclosure of Conflicts of Interest
There may be potential conflicts of interest with Stanton. Given his level of control, in light of his pending tax matters and divorce settlement issues, and his bankruptcy liquidation there could very well be a conflict of interest that Stanton is forced to use his influence on the company for personal reasons as opposed to acting in the collective best interests of the shareholders.