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Re: atpsylee post# 17343

Tuesday, 01/15/2019 7:21:53 PM

Tuesday, January 15, 2019 7:21:53 PM

Post# of 18902

Effective September 30, 2018 the Company agreed to sell its 1,000 shares of PHL to the original third party in exchange for the
forgiveness of the previously agreed $27,000. As of September 30, 2018 PHL and its wholly owned subsidiary, Mktg were deconsolidated from the reporting of the Company.

On September 30, 2018 the Company acquired the 5% ownership in Sportproject Ltd which operates Dynameet from PHL at its cost in exchange for the forgiveness of amounts due from its former subsidiary and the Company will account for its investment in Sportproject on the cost method.



https://www.facebook.com/Dynameet/

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