SunVesta Inc. (fka SVSA)

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On August 27, 2007, the Corporation acquired ZAG as a wholly owned subsidiary, pursuant to the closing of the Agreement. The Agreement, entered into on June 19, 2007 by the Corporation and ZAG provided for the acquisition of 100% ownership of SunVesta in exchange for an aggregate of 21,000,000 shares (post reverse split, effective August 27, 2007) of our common stock and the fulfillment of certain conditions on or before closing. The Agreement was approved on August 10, 2007 by the vote of approximately 56% of our shareholders as of July 10, 2007.