Wise Investments

[Scrooge McDuck]

SSPC, two major filings..more about......

After the close, SSPC filed a DEF 14A announcing the annual shareholders meeting for 2/23.
They will vote to increase the AS to 500M
They will vote for a 1:15 reverse split.

The second filing, an 8-K:
(this explains the increase in the AS).

Southern States Power Company, Inc. today announced that the Company has finalized an agreement to acquire 51% of the outstanding and issued stock of SunAmp Power Company, Inc., a leading regional solar energy provider with approximate gross revenues of $1.2 million in 2003.

Under the terms of the Stock Purchase Agreement, Southern States will issue its common stock for a majority of the stock of SunAmp, with the ability to periodically purchase the remainder of the stock of SunAmp as it invests in SunAmp over the next 18 months.