Carrier Alliance Holdings, INC. (CAHI)

[derickman]

Subsequent Events

On January 23, 2006 the Company signed a Letter of Intent with Global Cornerstone Group, Inc. (Global) whereby the Company will acquire 100% of the issued and outstanding shares of common stock of Global, for approximately 95% of the issued and outstanding shares of the Company at the time of the transaction. This transaction will occur on or about the same time that the management of the Company will acquire all of the operations of the Company leaving the Company with no assets and or liabilities. These transactions will close no later than April 30, 2006 unless the date of closing is extended by mutual agreement.