Classworx Inc. (CHNO)

[Keech63]

Setting the record straight with Regard to Wilfred Shaw and Financial Content Inc. (Formerly FCON).

While it is true Financial Content Inc. was revoked by the SEC for failure to file reports, due to it's inability to come up with the money to do so, it was never the intent of the company to leave shareholders hanging, as evidenced by the filings that were made.

First and Foremost, one must remember what happened to First Content was the result of the general market crash in 2008. Many Dot Coms went under due to their inability to secure financing and luckily, Wilfred Shaw and his colleagues were able to save the company and take it private via a stock transfer, in hopes to resurrect it. In the interim, they were left with a shell they tried to sell and like many at the time couldn't.


Wilfred Shaw made it very clear that they were trying to sell the Shell, to the SEC and stockholders and was always filing properly to convey that. In their last filing of March 2009

Per:Mar 31, 2009 Notification of inability to timely file Form 10Q or 10QSB: http://www.sec.gov/Archives/edgar/data/1100360/000114036109012715/doc1.htm

On May 9, 2008, FinancialContent agreed to transfer all of the issued and outstanding shares of FinancialContent Services, Inc. ("FCS") to a related party in consideration of the full release of the of the secured debt held by Jade Special Strategy, LLC, in the amount of $1,165,000 (the "Debt"), and of FCS assuming the full amount of the Debt. An Information Statement was furnished in accordance with the requirements of Regulation 14C promulgated under the Securities Exchange Act of 1934, as amended, by the Company in connection with the transfer of FCS. The proxy was mailed on July 3, 2008 and the transaction for the sale of FCS officially closed on July 24, 2008. For accounting purposes we have concluded that the transfer of FCS occurred on June 30, 2008. Concurrently with the transfer of the shares of FCS, the Company also discontinued all of its operations under StreetIQ.com, Inc. FCS was the main operating subsidiary of FinancialContent and the only other business or operating subsidiary of the Company was StreetIQ.com. Accordingly, FCON is now a "shell" corporation actively searching for an operating entity to acquire.

The historical financial statements for the three months and nine months ending March 31, 2008 and 2009 shall reflect the transfer of the operating assets and liabilities of FCS. The accumulated deficit was not transferred by the sale and shall be reflected in the financial statements presented.

During this time period Shells were a dime a dozen and this was obviously not the time to "Go Public" for any company. They did what any of us would do given the same situation...read the filings:
http://www.wikinvest.com/stock/Financialcontent_Inc_%28FCON%29/Filing/8-K/2008/Ex-99.1/D2125697