Medican Enterprises Inc (MDCN)

[fxsho2008]

Medican searching for private firm to do a REVERSE MERGER with.

Medican is in search for a private company to do a reverse merger with as soon as possible. There are some possible candidates in the running to perform this RM with. Medican needs to "clean up" its reporting deficiencies first.

Currently there is $4MM in debt with the company. $2.75MM convert debt due to all of Ken's preferred shares, another million or so with other financial firms that have purchased convert shares as well. The remainder is all of us.

There is no "debt" in the sense of outstanding bills (other than reporting fees to get current)

Any reverse merger that is accomplished will be completely funded with Ken's preferred shares.

There is NO reverse split to speak of.

Ken is looking to complete a RM ASAP. This is why Paul Khan, the mergers and acquisitions consultant is in the mix.