Blue Diamond Ventures Inc (BLDV)

[TASHI]

Just below the overview section under "General", it appears that Nexgen sold off the Biotechnology & Medical Devices and assets in this field to Gamida for Life B.V. It also indicates here the plan was treated as a reverse merger of the Company for financial accounting purposes (?).


GENERAL

In accordance with that the Purchase Agreement, on December 31, 2007, the
Company completed the Plan pursuant to which the Company transferred
substantially all of its existing business and assets in the field of
biotechnology and medical devices to Gamida For Life B.V. and acquired NexGen
Bio's principal assets in the field of ethanol and bio-diesel fuel production.

The Plan was treated as a reverse merger of the Company for financial accounting
purposes. Accordingly, the historical financial statements of the Company before
the Plan will be replaced with the historical financial statements of NexGen Bio
before the Plan in all future filings that the Company makes with the SEC,
including this Report.

Link: http://www.gamidaforlife.com/