Eternal Technologies (fka ETLT)

[alexindef]

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6017165
Item 8.01 OTHER EVENTS
The Company’s wholly-owed subsidiary, E-Sea Biomedical Engineering Co. International, Ltd (E-Sea) holds a license from Guangdong Province for the manufacturing of certain medical equipment. Under the terms of the license, E-Sea was required to commence manufacturing on or before December 31 2008, or the license would terminate.
E-Sea filed for an extension with the province which was denied. Therefore, the license with Guangdong Province for the manufacture of certain medical equipment will expire on December 31, 2008.
Because E-Sea still wishes to manufacture certain medical equipment, but after December 31, 2008, it has obtained a similar license from Hunan Province. To fulfill the terms of this license, E-Sea has agreed to develop an “International Medical Equipment Industrial Zone” in Zhuzhou, Hunan Province. Financing for the project has been arranged and E-Sea production department and research and development department will be moving to this new industrial zone in the near future.