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Re: None

Friday, 09/18/2009 6:39:34 PM

Friday, September 18, 2009 6:39:34 PM

Post# of 50129
Read this....On August 3, 2009 the Company transferred debts in the amount of $325,000 owed by the Company to third parties (encompassing loans, back pay and board compensation) to Bulova Technologies in exchange for 28,333,333 common shares of the Company. In addition, debt totaling $247,000 owed by the Company for loans and expenses paid on behalf of the Company by Bulova Technologies was satisfied in exchange for common shares of the Company. These transactions resulted in Bulova Technologies becoming the majority shareholder of the Company.