Some interesting recent filings:
On February 5, 2008, our board of directors accepted a letter of resignation from Theodore Smith resigning his position as our Director and Treasurer.
On January 10, 2008, we entered into a Settlement Agreement with Kevin Ryan and Alicia Fox (collectively “Ryan”) pursuant to which litigation between us and Ryan in the United States District
Court for the Eastern District of Missouri was dismissed and all claims between us and Ryan were released.
Pursuant to the terms of the Settlement Agreement, we paid to Ryan $9,000, and in consideration for this payment, Ryan transferred to us 15,000 shares of our common stock, which were previously 300,000 shares prior to a 20 to 1 reverse split.
On January 21, 2008, we entered into a Settlement Agreement with Mike Thomas pursuant to which litigation between us and Mr. Thomas pending in Franklin County, Missouri and all claims between us were released. Pursuant to the terms of the Settlement Agreement, we and Mr. Thomas agreed to mutually release all claims arising out of the occurrences and events alleged in the litigation.
On February 20, 2008, we entered into a Separation Agreement and Release with Jack Clark, our Chief Operating Officer.
Pursuant to the terms of the Separation Agreement, effective February 20, 2008, Mr. Clark resigned his position as our Chief Operating Officer. Upon execution of the Separation Agreement, we paid Mr. Clark $7,476.92 in salary and accrued vacation pay. Further under the terms of the Separation Agreement, we agreed to pay Mr. Clark one month’s pay in two equal payments on March 14, 2008 and March 31, 2008.
