Mack's OTCBB Macro-trend Musings

[PDC ™]

KTWO
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On July 27, 2006, the Registrant and NPOWR Digital Media, Inc. ("NPOWR") a California corporation determined to abandon the contemplated merger between the parties. Pursuant to the Letter of Intent dated December 22, 2005 between the parties ("LOI"), NPOWR is obligated to pay all expenses of K2 as specified in the LOI to the date of termination. K2 will continue to actively seek other business alternatives, through acquisition merger or otherwise.

in case anyone's holding...