XCPCNL Business Services Corp (XCPL)

[Slojab]

DD ... The Reader's Digest condensed version.

VTPI, under Michael Levine was a packaging company. When he left in 2011, taking Den Packaging with him, it ceased to be a packaging company. Den, btw, was owned by Levine.

When James McKinney took over in 2012, he brought in Aaron Shrira who formed Vital Products Supplies in order to be the source of product for VTPI. It's important that everyone understands the new business model.

On April 26, 2012, we entered into a License Agreement with Vital Supplies. Under the terms of the Agreement, we have the right to market the products of Vital Supplies as well as the right of use of the facilities of Vital Supplies including but not limited to the sales and distribution facilities. Vital Supplies is a business to business supplier or printer ribbons,toner cartridges and ink jet cartridges. Vital Supplies purchases product from approximately ten suppliers and then resell to other businesses. Vital Supplies strategy is to purchase high quality products from many sources in order maximize customer satisfaction and to minimize returns. As of July 31, 2012 we have had two customers, Century Computer Products ('Century') and Reliable Printing Solutions, Inc. ('Reliable'). Aaron Shrira, the sole shareholder of Vital Supplies, is a 50% shareholder of both Century and Reliable

Here are all the other businesses, past and present, of Shrira's.

https://www.bizapedia.com/people/aaron-shrira.html

You should note his failed history with his own OTC company, JRRD, now SCPD.

Getting back to McKinney, he found it too difficult to adhere to the filing requirements of the SEC, so, in 2015, after filing a NT 10-K for the 2013 year, he finally filed the 15-12G in 2015 deregistering the company.

You can read all the correspondence he had with the SEC about his lack of required information at this link.

https://www.sec.gov/cgi-bin/browse-edgar?company=vital+products&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

The current situation has been nicely muddied with the unexpected filing of the pr by Western Realty about a merger before it was disseminated by VTPI. McKinney quickly filed the 8-K as required after a material event was made public. There's been no explanation of why a R/M was contemplated or what was to happen with the computer product part of VTPI's business if it was to go through. Of course, now that it's almost 4 months overdue for it's closing and there's been no further news about it and no one has been successful in contacting any of the three parties involved, one might want to consider the possibility that it's a dead deal.

If so, what's left in this latest run? And make no mistake, the run was based solely on that news and not it's fundamentals, which have at best been stagnant since McKinney and Shrira came on the scene in 2012 and subsequently run the sp down to the trips from a high of $.30.