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Wednesday, October 07, 2009 7:30:21 PM
Acquisitions
On January 29, 2008 the company signed an acquisition agreement to purchase a Portland, OR based company named Teledigit, Inc. The acquisition agreement is to purchase 100% of Teledigit in exchange for 80,000 shares of the Company’s Series E Preferred Stock convertible to $1.00 of common stock per share and a $720,000 convertible note payable. The note is convertible into 720,000 shares of Series E Preferred Stock plus interest of 6%. The acquisition was completed on June 16, 2008. See Note 7 – Acquisitions and Investments. http://ih.advfn.com/p.php?pid=nmona&cb=1254957723&article=29202797&symbol=NO%5ENWTT
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