On August 19, 2008 and on August 20, 2008, the Company repurchased an additional amount of 245,000,000 shares of its Common Stock in the market and at a price of US$0.0003 per share. As at August 20, 2008, the Company's number of outstanding shares has been reduced to an amount of 27,922,377,817.
The Company will ensure that all of these shares of its Common Stock repurchased; are cancelled by the Transfer Agent in the week commencing Monday August 25, 2008. The Company will ensure that all of these shares of the Common Stock are cancelled with the Transfer Agent prior to the declaration of the "Record Date" of its Extraordinary Dividend being payable to its stockholders