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Re: THEBRIT post# 1087

Friday, 05/21/2004 5:32:27 PM

Friday, May 21, 2004 5:32:27 PM

Post# of 3970
Well they certainly didn't pay cash. lol.

We purchasedall of Web Safe Technologies stock from UTEK in exchange for 9,000,000 Zkidcommon shares valued at $0.15 per share or $1,350,000. We issued our stock in aprivate transaction exempt from the registration requirements of the SecuritiesAct of 1933, as amended, (the "Act") pursuant to Section 4(2). The shares issuedto UTEK are considered restricted securities and may not be resold absentregistration with the Act or an exemption from the registration requirements ofthe Act.




For those who understand no explanation is needed, ...For those who don't none will.