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Re: z4lover post# 182122

Tuesday, 09/01/2009 8:29:10 PM

Tuesday, September 01, 2009 8:29:10 PM

Post# of 346918
Quick search found this from 2008 10k, if anyone cares:

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Employees

We currently employ 24 people on a part-time basis of whom three are members of the business and sales management team and 21 are staff. We are making every effort to outsource business functions where possible in areas such as accounting, graphic designing, packaging, warehousing, personnel, shipping and office functions.

Item 2. Description of Property.

Between December 8, 2004 and January 31, 2008, our principal offices were located at The Empire State Building, 350 Fifth Avenue, Suite 2204, New York, New York 10118. The premises are leased by members of the family of Steven Moskowitz, our Secretary, Chief Operating Officer and Chief Financial Officer. Pursuant to a sublease agreement, we paid 60,000 shares of our common stock as consideration for the term of sublease. The sublease which covered 800 square feet of subleased property expired on January 31, 2008. We paid directly for telephone, utilities and other expenses.

On December 3, 2007, we entered into lease with LBJ Realty Co. for principal office space at 43 W. 33rd Street, Suite 600, New York, New York 10011. The office space is approximately 1,500 square feet. The lease term commenced on February 1, 2008 and expires on January 30, 2011. The monthly rent is $4,000 plus 35 percent of the electricity bill for the sixth floor of the building. We have the option to renew our lease for another three-year term at a rent of $4,200 per month for year four, $4,410 for year five, and $4,605 for year six.
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