Random Thoughts on a Wayward Bus

[aries4747]

From today's SWTS 10QSB.

As of May 7, 2007, the issuer had 17,486,013 shares of common stock outstanding, and 140,000 shares of preferred stock outstanding.

Note 8 – Subsequent Events

In April 2007, the Company entered into a one year strategic alliance with a consultant for assistance in locating and obtaining additional funding. In connection with this agreement, the Company will negotiate compensation on a project by project basis. All compensation related to the agreement will be unregistered common shares of the Company. For services to date, the consultant will receive 400,000 unregistered shares. This consultant also provided the Company with a $60,000 unsecured six month loan with interest payable at 9% upon maturity.

In April 2007, the Company entered into an agreement with a third-party consultant to provide investor relation services for a one year period in exchange for 300,000 restricted shares and a $5,000 deferred retainer fee.

In May 2007, the Company entered into an agreement with a third-party consultant to provide legal services and to act as a strategic partner in locating and obtaining financing for the Company in exchange for 750,000 restricted shares.

In May 2007, the Company entered into a one year strategic alliance with a director to provide investor relations and other business consulting services. In connection with this agreement, the Company will negotiate compensation on a project by project basis. All compensation related to the agreement will be unregistered common shares of the Company. For services to date, the consultant will receive 334,000 unregistered shares. This consultant also provided the Company with a $50,000 unsecured one year loan with interest payable at 8% upon maturity.

Subsequent to March 31, 2007 and through May 8, 2007, the Company received additional conversion requests which resulted in the conversion of $580,551 of debt and related accrued interest into 3,012,152 registered shares.