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Wednesday, August 13, 2008 9:37:24 AM
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13-Aug-2008
Change in Directors or Principal Officers, Regulation FD Di
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
The following individuals have been appointed by to our Board of Directors, effective as of July 29, 2008, to the positions indicated:
Name Age Position
M. David Sayid, Esq. 53 Director
M. David Sayid, Esq.
Mr. Sayid is the Managing Partner of Sayid and Associates LLP, a limited liability partnership engaged in the practice of law in the State of New York. Sayid holds a Bachelors of Arts degree in History and Economics, which he earned at Queens College, New York and a Juris Doctorem degree from Boston College Law School, Newton Centre, MA where he was graduated in 1983. The Sayid Law Firm he manages specializes in Securities and Corporate Law, including, but not limited to, matters such as private placement memoranda, compliance with the Securities and Exchange Acts of 1933 and 1934, rules and regulations of the National Association of Securities Dealers, Inc. ("NASD"), FINRA, initial public offerings, secondary financing and other matters subject to the rules and regulations of the Securities and Exchange Commission ("SEC"), the NASD, the New York Stock Exchange and the American Stock Exchange. Mr. Sayid is admitted to the courts of the State of New York and the Commonwealth of Massachusetts since 1983, as well as, Southern and Eastern Districts of the United States District Courts for New York, the Second Circuit of the United States Appellate Court and the Supreme Court of the United States of America.
Item 7.01 Regulation FD Disclosure
In light of the Bankruptcy matter has been dismissed by the Court on the application of the Company (Case No. 08-35285 (CGM)(Chapter 11) United States Bankruptcy Court for the Southern District of New York), the Company is currently working on completing an audit for the fiscal year ended December 31, 2007, and in addition the quarterly filings for the first and second quarter of fiscal 2008. In light of the delay, and to provide information to our shareholders, are being provided un-audited financials for the period ended December 31, 2007.
Annexed hereto as Exhibit 99.1 are un-audited financials of the Company.
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Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Un-audited financial statements of the Company
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