New company with new business plan.
Outstanding Shares: 2.5M.
Will be issuing more, but how much/fast is the question.
Composite Solutions, Inc. Announces Emergence From Bankruptcy
Monday May 14, 7:12 pm ET
SAN DIEGO, May 14 /PRNewswire-FirstCall/ -- Composite Solutions, Inc. (OTC: CPUT - News) announced today that it has emerged from bankruptcy reorganization and completed the requirements of its reorganization plan.
On December 11, 2006 the U.S. Bankruptcy Court for the Southern District of California entered an order confirming Composite Solutions proposed Plan of Reorganization. The company has filed the necessary notification with the SEC and is currently at work compiling the necessary information to become current on all past filings in order to become fully compliant as a publicly reporting company.
Tom Bache, CEO, remarked, "The reorganization plan has helped us to bring value to our shareholders, address our creditors, and position the company for success. We're looking forward to the future and what it can bring."