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atout   Sunday, 01/06/08 02:04:50 PM
Re: MWM post# 5
Post # of 32 
From 8K Friday ATB:

Acquisition of Winalite

On December 28, 2007, we acquired Winalite in a reverse acquisition transaction. In that transaction, we issued to the stockholders of Winalite 352,914,286 shares of our common stock in exchange for all of the issued and outstanding capital stock of Winalite. Winalite thereby became our wholly owned subsidiary and the former stockholders of Winalite became our controlling stockholders. As a result of this transaction, 365,714,286 shares of our common stock are currently issued and outstanding.

We plan to effect and implement a 1-for-7.352380958 reverse stock split of our issued and outstanding shares of common stock, in which we will exchange one share of newly issued common stock for approximately 7.352380958 shares of our previously issued and outstanding common stock. This reverse stock split will reduce the number of our issued and outstanding shares of common stock to 49,740,933 shares. In addition, we plan to amend our articles of incorporation to change our name to Hong Kong Winalite Group, Inc. Such amendment and reverse stock split are expected to be effected and implemented in January 2008.





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