CGrowth Capital Inc (CGRA)

[Ole Broke Azz]

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=101917 In July 2012, our majority shareholder, Ward North American Holdings, Inc. (“WNAH”) transferred control of the Company to Keystone Financial Management, Inc. (“KFM”). The transaction included the sale of 107,027,800 shares of the Company’s Common stock held by WNAH (constituting 53.5% of the outstanding shares of the Company) to KFM for $125,000. The transaction included $50,000 paid in cash prior to closing and a note payable to WNAH for $75,000. In July 2012, immediately following the change in control, Jeffrey Ward resigned his positions as President, Chief Executive Officer, and his position as sole director. His positions were immediately replaced by Bill Wright, who also holds similar positions in KFM, the controlling shareholder.