SilverSun Technologies Inc (SSNT)

[zinn21]

SWK is a wholly owned subsidiary of TYRIA. On December 30, 2005, the Company entered into a Securities Purchase Agreement with Cornell Capital Partners, LP (n/k/a/ YA Global Investments "YA Global"). Pursuant to such purchase agreement, YA Global purchased $2,359,047 of secured convertible debentures which shall be convertible into shares of the Company's Class A common stock.

As of September 30, 2008, the Company is in default of all the YA Global debentures and is currently in negotiations with YA Global to cure the default.