PRE 14C ISSUED TODAY (5000:1 REVERSE!) SW is a lying POS SCUMBAG!
RECOMMENDATION OF THE BOARD OF DIRECTORS
REVERSE STOCK SPLIT
The Board of Directors of the Company (the "Board") believes that the stockholders of the Company will benefit from the Reverse Stock Split because it will raise the initial market value of our stock and attract potential investment from outside investors. In order to facilitate such transaction, the Board has determined that the capitalization structure of the Company should be simplified. No assurances can be given that such investors will be found.
Accordingly, it was the Board's opinion that the restructuring transactions described above would better position the Company to attract potential business candidates and provide the stockholders of the Company with the greatest potential return. The Board approved the Reverse Stock Split on July 10, 2009 and stockholders holding a voting majority of the outstanding voting capital stock of the Company approved the Reverse Stock Split on July 10, 2009.
APPROVAL OF 2009 STOCK OPTION PLAN
The Board of Directors believes that the 2009 Stock Option Plan will advance the interests of the Company by encouraging and providing for the acquisition of an equity interest in the success of the Company by employees, officers, directors and consultants, and by providing additional incentives and motivation toward superior Company performance. The Board believes it will also enable the Company to attract and retain the services of key employees, officers, directors and consultants, and by providing additional incentives and motivation toward superior Company performance. The Board believes it also will enable the Company to attract and retain the services of key employees, officers, directors and consultants upon whose judgment, interest and special effort the successful conduct of its operations is largely dependent.
The Board approved the 2009 Stock Option Plan on July 10, 2009 and stockholders holding a voting majority of the outstanding voting capital stock of the Company approved the 2009 Stock Option Plan on July 10, 2009.
ACTIONS TO BE TAKEN
This Information Statement contains a brief summary of the material aspects of the actions approved by the Board and the holders of the majority of the outstanding voting capital stock of the Company.
1) DECREASE THE NUMBER OF ISSUED AND OUTSTANDING SHARES OF OUR COMMON STOCK
GENERAL
The Board approved a resolution to effect a 5000-for-one reverse stock split. Under this reverse stock split each 5000 shares of our Common Stock will be converted automatically into one share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The effective date of the reverse stock split will be on or about August 17, 2009.
