Friday, February 27, 2004 1:17:03 AM
Form: 10KSB Filing Date: 7/9/1999
In June 1998, the Company acquired its patent rights to its alloy sensor technology from Mr. Alvin A. Snaper, a director, Vice President, Secretary and Treasurer of the Company, in exchange for 100,000 restricted shares of the Common Stock of the Company.
In June 1998, the Company acquired its patent rights to its pipeline connection technology from Advanced Transmission Line ("ATL"), a Nevada limited partnership, in exchange for 100,000 restricted shares of the Common Stock of the Company.
Form: SC 13D Filing Date: 10/15/1998
TEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Snaper acquired 1,004,055 shares of the Common Stock, $.001 par value ("Common Stock") of the Company in exchange for patent rights, without loans or other financing arrangement.
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