Telynx (fka TLYN)

[eliaman]

"The assets of Telynx consist of, including, but not limited to, the intellectual property, the vendor list, and the company accounts receivable."


Item 2. Acquisition or Disposition of Assets.

(a) The cash consideration for the sale is $10.00. However, Mataras and Safadi have agreed to take on 4.8 million dollars in liabilities and debt for the controlling shares of Al-Dawhi and Munden. There is no material relationship between the registrant Mataras/Safadi and Al- Dawhi/Munden/Telynx or any of its affiliates, or directors/officers.

The assets of Telynx consist of, including, but not limited to, the intellectual property, the vendor list, and the company accounts receivable.

(b) Telynx, Inc. is a Delaware Corporation whose current principal place of business has changed from El Paso, Texas to Sherman Oaks, California. Telynx was dormant for approximately one year with little activity. It is the intention of Mataras and Safadi to build up the company by settling the liabilities and debts of Telynx, which include the Internal Revenue Service and the Department of Labor, and hiring software engineers to create an updated version of the signature software (see EXHIBIT B).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C04%5C12%5CEDGARNew...

NOT JUST A EMPTY SHELL AS DUE CLAIMS!!!