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Sunday, January 13, 2008 5:48:18 PM
After completion of our due diligence and careful consideration by the Board of Directors and Officers of the Company, we have decided not to pursue the transactions set forth in the letter of intent that was reported on the Form 8-K filed by the Company on October 23, 2007. The Company has determined that it is in its best interest of the Company to proceed in another direction.
We received an unsolicited offer to do a business combination with another company. The Company has entered into an agreement with a shoe and apparel design and manufacturing company located in Hawaii. The Hawaii-based company was formed in 2005 and has experienced growth throughout the United States and internationally. The Company intends to close the proposed transaction as soon as practicable.
SIGNATURES
TECHNOLOGY RESOURCES, INC.
By:
/S/ DAVID M. REES
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