per 3/31/06 10Q...Merger Info...
13. SUBSEQUENT EVENTS
a) Purchase of Metaware Co. Ltd.
In March 2006, the Company entered into a share exchange agreement
with Metaware Co. Ltd., ("Metaware") a Republic of Korea
corporation, and will acquire 51% of Metaware in exchange for
62,400,137 restricted common shares of the Company. Metaware is a
digital telecommunications company headquartered in Seoul, Korea,
with approximately 120 employees in five countries; it is the maker
of various digital set-top box receivers and other products for the
cable and satellite industry. Both the Company and Metaware will
then try to complete the acquisition of the remaining 49% balance of
Metaware which is currently held by a company listed on the Korean
Stock Exchange. On completion of the merger, the management of
Metaware will replace that of the Company.
___________________________________________________
"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke