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Tuesday, September 16, 2008 12:51:59 PM
This corporate action will reduce the current authorized common shares from one hundred million (100) to eighty million (80) common shares with an overall share structure of:
80,000,000 Common Shares
53,642,312 Restricted Shares (for one year/utilized for the SecureNetView
acquisition)
19,800,000 Common Shares (Being Held in the Company Treasury for Pending
acquisitions)
6,557,688 In the Public Float
The Board of Directors also authorized per corporate resolution that if current pending acquisitions are not executed within the next thirty (30) days that the 19,800,000 common shares being held in the company's treasury will be returned to the Transfer Agent and further reduce the authorized common shares by the same equal amount (19,800,000).
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