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Re: the_worm06 post# 10275

Tuesday, 02/03/2009 3:41:35 PM

Tuesday, February 03, 2009 3:41:35 PM

Post# of 17370
What is the $56,000 "Related Party Notes Payable" for?

Related Party Notes Payable: Workplace Health, due on demand, bearing interest at 4.5% per annum - 56,000


On December 3, 2004, the Company purchased its wholly owned subsidiary Workplace Screening Services, Inc. from related parties, Dexter Morris - Chairman and CEO, John Maring - Director and Vice President, Thomas Maring and Janet Kowalski for 120,000,000 shares of restricted common stock valued at $120,000 and the assumption of $467,352 of liabilities.

Labwire Inc · 10-12G/A · On 12/23/08
http://www.secinfo.com/d191h4.t15.htm
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