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Re: rhlytle post# 1581

Wednesday, 07/17/2002 4:53:39 PM

Wednesday, July 17, 2002 4:53:39 PM

Post# of 4417
NOTE 3 - ACQUISITIONS

On June 21, 2001, the Company acquired all of the outstanding common stock of Southeastern Research and Recovery,
Inc. ("SRR") in exchange for 22,500,000 shares of restricted common stock of Corporate Vision, valued at
$1,662,188. Restricted stock prevents the holder from having the ability to market the securities for one year following the
date of issuance.

Pursuant to an option agreement, the Company granted Global Ecological Services, the seller of SRR, an option to purchase
all of the issued and outstanding common stock of SRR for consideration of 22,500,000 shares of Corporate Vision common
stock and $200,000 in cash. This option may be exercised anytime prior to close of business on August 1, 2002.



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