Shi Corporation (SHCC)

[gabkok]

According to the following excerpt from DEF-14C filed on 10/25/07, reverse split applies to shareholders as of EFFECTIVE DATE which is 11/23/07:

"In order to effectuate the reverse split, each shareholder will be entitled to submit his or her old stock certificate (any certificate issued prior to the effective date of the Recapitalization and name change), to the Company's transfer agent, Securities Transfer Corporation, 2591 Dallas Parkway, Suite 102, Frisco, Texas 75034, and be issued in exchange therefor, one new certificate in the new name of the Company representing the Common Stock on a 1,000 for 1 basis, rounded up to the nearest whole share. The Company shall pay the cost of such issuance, if presented to Securities Transfer Corporation, within 60 days of October , 2007. After 60 days from the effective date, all exchange requests must be accompanied by a check payable to Securities Transfer Corporation in the amount of $20 per certificate to be issued. The Company will not pay for any additional certificates requested or for the transfer of certificates into names other than those in which the certificates are in presently. To eliminate confusion regarding the Common Stock, the Board of Directors urges the shareholders to surrender their certificates for exchange; however, shareholders are not required to do so."