The Offering
This prospectus relates to the sale of up to 7,046,378 currently issued and outstanding shares of our common stock by the selling security holders.
We agreed to file a registration statement with the Commission in order to register the resale of the common shares issued to the selling security holders.
As of October 15, 2008, we had 23,098,186 shares of common stock outstanding. The number of shares registered under this prospectus would represent approximately 31% of the total common stock outstanding.
The common shares offered under this prospectus may not be sold by the selling security holders, except in negotiated transactions with a broker-dealer or market maker as principal or agent, or in privately negotiated transactions not involving a broker or dealer. Information regarding the selling security holders, the common shares they are offering to sell under this prospectus and the times and manner in which they may offer and sell those shares is provided in the sections of this prospectus captioned “Selling Security Holders” and “Plan of Distribution.”
