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American Asset Development, Inc. (Pink: AADI)
500 N Rainbow Blvd.
Suite 300
Las Vegas, Nevada 89107
(702) 608-4140
Co WebSite - http://www.americanassetdevelopment.com
Investor Relations - ir@americanassetdevelopment.com
AADI has a multi-phase 5-year business plan that will result in a diversified US holding company composed of multiple subsidiaries involved in several high return industries. Management expects that in 3 to 5 years each subsidiary will be eventually be spun-off into its own independent publicly-traded entity to provide a more efficient risk/return model and increased liquidity for each related security.
Recent academic forecasts tell us that the world will see the consumption of food, water & energy double by the year 2030. Current solutions and infrastructures cannot meet those consumption levels and new technologies and processes must be developed to meet the worldwide demand.
Management's goal is to develop patentable technologies and engineer unique business solutions & infrastructures that will allow us to distribute products & services to market sectors worldwide.
On October 21, 2010, the Company entered into an Investment Agreement with Dutchess Opportunity Fund, II, LP. Pursuant to the Investment Agreement the Investor committed to purchase , subject to certain restrictions and conditions, up to $10,000,000 of the Company's common stock, over a period of 36 months from the first trading day following the effectiveness of the registration statement registering the resale shares purchased by the Investor pursuant to the Investment Agreement. Every effort continues to be made to catch up on its delayed 10-Q and 10-K filings to enable the company to regain its OTC Bulletin Board listing and file an S-1 registration statement with the SEC.
CORPORATE UPDATE - October 28, 2010 -
8-K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7207278
1) Name change to - American Asset Development, Inc.
2) Applied for new Ticker Symbol
3) Re-Upped agreement w/Dutchess Opportunity Fund, II, LP for $10M line-of-credit
4) 61% approved (18,800,000 shares voted)
CORPORATE SUMMARY - November 1, 2010 - http://www.americanassetdevelopment.com/docs/20101101%20AAD%20Corp%20Sum.pdf
FILINGS / FINANCIALS
SEC - http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001076886&owner=exclude&count=40
OTC Markets - http://otcmarkets.com/stock/AADI/financials
SHARE STRUCTURE (5/6/11) ~
* 1B Authorized
* 30.8M Outstanding
* 28.3MM Restricted (5.5M from Float returned to "restricted" status)
* 2.5M Float (reduced from 8M)
* Pacific Stock Transfer Co. 702-361-3033
ENTITY DETAILS - Secretary of State, Nevada -
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=DTa7ualhngSDGbs1iU67qw%253d%253d
COMPANY LINKS ~~
Co WebSite: http://www.americanassetdevelopment.com
SEC Filings: http://www.pinksheets.com/quote/filings.jsp?symbol=aadi
KNOBIAS RADiAR: http://www.knobias.com/individual/public/quote.htm?ticker=aadi
CHART: http://stockcharts.com/def/servlet/SC.web?c=aadi
AI
