February 8, 2007 Light Management Group, Inc. 1285 Bearing Blvd., No. 250 Sparks, NV 89434
Dear Shareholders,
Attached you will find Notice of a Special Meeting of Shareholders for LIGHT MANAGEMENT GROUP, Inc. (hereinafter the “Corporation”), which the Board of Directors has called for February 28, 2007, at 10:30 a.m., at 190 N. Canon Drive, Suite 420, Beverly Hills , CA 90210.
In connection with this upcoming meeting, I wanted to summarize recent developments in connection with the revitalization and reorganization of the Corporation.
As you are probably aware, the Corporation was suspended as a Corporation by the Nevada Secretary of State some time ago, and had remained “dormant”, in “default” and “abandoned” for a significant period of time, without assets, operations, activities, Directors, or Officers.
In 2006, one of the Corporation’s shareholders commenced a court proceeding in Nevada, to have me appointed as a Custodian for the suspended and abandoned Corporation. In 2006, I was appointed pursuant to Nevada Revised Statutes 78.347(2) as Custodian of the Corporation and I became the sole director of the Board of Directors of the Corporation. The court charged me with powers to take control of the Corporation, assume the position of Sole director, and oversee reorganization and revitalization of the Corporation into an active corporation in good standing under Nevada Law.
Acting as the new court sponsored Board under the Custodianship, I had the Corporation enter into various consulting contracts with various consultants and professionals, which were necessary in order to undertake and complete the work required to reorganize, reinstate, and revitalize the Corporation.
The Board authorized these consultants, among other things, to undertake a search in “all” counties in all 50 states for any and all uniform commercial codes security interests, lawsuits, liens, judgments, and other matters of record associated with the Corporation, to retain an outside accountant to bring current the financial statements of the Corporation and verify its financial status, to initiate and proceed through to conclusion with pleadings, filings, and legal work required of the Custodianship, in order to reinstate and bring current the Corporation’s filings with the Nevada Secretary of State, to assemble and reconstitute corporate books and records, and to assist the Corporation with other business, corporate, financial and legal matters associated with the reorganization and revitalization of the Corporation.
The above work has been recently completed. I filed my Report with the court in November 2006, and was discharged as Custodian and approved by the court as the sole director of the Corporation.
After receipt of invoices covering the services rendered by the various consultants and professionals to revive, restructure, reorganize and reconstitute the Corporation, the Board directed the Corporation to issue shares of restricted common stock of the Corporation to these consultants, in full payment and satisfaction of outstanding bills for services rendered and costs and fees advanced.
As you can see much has been accomplished. Still much remains to be done, so that the Corporation can again begin to conduct business operations.
The Board has called this Special Shareholders meeting for the following purposes:
1. To elect the sole director proposed by the board of directors;
2. To consider such other matters as may be properly brought before the special shareholders meeting, if any.
You will find enclosed a copy of the notice of shareholders meeting, along with a form of proxy which we would like you to use if you cannot attend. The Proxy allows you to grant me your proxy, so I might vote for the various resolutions to be considered at the special shareholders meeting on your behalf. The Board of Directors recommends a vote for each of these resolutions.
If you have further questions in connection with the enclosed notice, don’t hesitate to contact the Corporation’s outside legal counsel, Kenneth Eade 190 N. Canon Drive Suite 420 Beverly Hills, CA 90210
AI
