The Company is currently in default of a portion of the following Convertible debt financing agreements as of June 30, 2008:
Principal balance
Entered into Maturity Date in default
------------ ------------- ----------
March 17, 2006 March 17, 2008 $250,000
May 5, 2006 May 5, 2008 $108,000
--------
Total $358,000
The Company is currently negotiating an amended maturity date with investors in default and feels confident that the either the unconverted balance will be converted in the near future, or the maturity date will be extended.
Webers Quote from 7/08 CC "Look at Google with their voice patents and what do they have? They have a sub-set of our voice patent."