STI Group, Inc. (STUO)

[flemsnopes]

It appears David Walters' STUO will be the controlling entity for Systems Evolution Incorporated, much like Bounce Mobile controls RMTD. Brilliant! The modus operandi for Walters associated companies always seems to be the same, and why not? It looks to be quite successful for the insiders everywhere this San Juan Capistrano, California cabal shows up.

From the January 2009 8K



SEI Transaction

On December 31, 2008, we entered into a definitive agreement to acquire, and completed the acquisition of, the software development and managed network support services business of System Evolution, Inc. (“SEI”). The transaction was structured as an asset acquisition including 100% of the capital stock of Systems Evolution Incorporated (a subsidiary of SEI) in exchange for the assumption by us of approximately (a) $2,381,000 of obligations under certain of SEI’s secured convertible notes and (b) other obligations and liabilities in the amount of approximately $504,000.