SolutionNet International, Inc. (fka SLNN)

[Stock]

Posted by: SSP
Date: Thursday, December 16, 2004 1:45:27 PM
In reply to: veteran98 who wrote msg# 35079
#msg-4853395

Speaking of scammy shells doing deals - here's one today! SLNN

read the terms rotfl!!


On November 17, 2004, SolutionNet International, Inc. ("International") entered into an Agreement for the Exchange of Common Stock with the shareholders of SolutionNet Consulting LLC, a New Jersey limited liability company ("Consulting"). Under the terms of the Agreement, International has agreed to issue the shareholders a total of 15,000,000 shares of common stock in consideration for 100% of the ownership of Consulting. Closing of the transaction is conditioned upon International changing its state of domicile to Nevada, increasing its authorized common shares to 50,000,000, filing all delinquent reports with the Securities and Exchange Commission, and obtaining a listing for its common stock on the OTC Bulletin Board. Either party may terminate the Agreement if closing does not occur by February 28, 2005. - Consulting is an information technology outsourcing company, which is controlled by Suresh Venkatachari, an officer, director, and principal shareholder of International. - Also on November 17, 2004, International entered into an Agreement for the Exchange of Common Stock with the shareholders of SRP Consulting Pty. Ltd., an Australian corporation ("SRP"). Under the terms of the Agreement, International has agreed to issue the shareholders a total of 3,000,000 shares of common stock in consideration for 100% of the ownership of SRP. Closing of the transaction is conditioned upon International changing its state of domicile to Nevada, increasing its authorized common shares to 50,000,000, filing all delinquent reports with the Securities and Exchange Commission, and obtaining a listing for its common stock on the OTC Bulletin Board. Either party may terminate the Agreement if closing does not occur by February 28, 2005. -