EZTO is going to go higher the coming days, weeks here is why..
Ez2Companies and Merchant Banking Group Reach Agreement
First and foremost this merchant banking group is going to help us carry out the business model described on our website, www.Ez2companies.net. Our plan, as envisioned, calls for an ambitious growth through acquisition strategy utilizing our 10 wholly owned subsidiaries. The merchant banking group and its principals have longstanding relationships with private companies in the $5,000,000 to $100,000,000 annual revenue range actively seeking access to the public capital markets, access we can provide.
We have agreed to execute the following items in the next 30-60 days.
"A - We will pay off the balance owed to Cornell Capital which has already been reduced from $250,000 to $80,000, then cancel the 62 million shares and warrants held in escrow by our attorney as collateral to secure the repayment.
"B - We will engage an accounting firm to reconstruct the books and records of Ez2 through forensic accounting techniques. After which we will engage an independent auditor qualified for SEC accounting work to audit the books and records so that the company can regain its fully reporting status with the SEC and be relisted on the over the counter bulletin board.
"C - We will change the name and CUSIP number of Ez2 to better reflect our business plan going forward. It is believed this action will result in the issuance of new stock certificates in exchange for the existing stock certificates, which process will be handled by our transfer agent in conjunction with the brokers and clearing firms that hold shares and clear trades for our common stock. There will be no cost to shareholders for this action.
"We do not foresee a reverse split of our common stock for the remainder of 2007 or in 2008. This decision demonstrates our collective commitment to build up, not tear down, shareholder value.
"We will continue keeping our shareholders up to date through press releases and filings as we move to achieve these objectives and revitalize our company."
For get my English I'm Hollands