And this was from the company itself in a PR:
Further, IPWG Announced that on October 14, 2009, it held its Shareholder Meeting, at which a quorum was reached and a majority vote of shareholders was certified for the following issues:
* The following eight (8) board of directors were elected: Daniel
Conte; John Benvengo; Jose Garcia; Jerry Pane; Howard Schechter;
Sheldon Baer; Robert Astore; and Georgy Grechko;
* The appointment of Robert Jeffrey, CPA as the independent
accountants of the Company for the fiscal year ending December
31, 2010 was ratified;
* The 2009 Stock Incentive Plan was adopted and approved;
* A change of Corporation's State of Incorporation from Delaware
to Nevada was approved;
* The Corporation's name change from IPWG, Limited to IPWG,
Incorporated was approved; and
* Ratification and approval of the increase in the number of the
authorized common shares, as well as the increase in the number
of shares that are designated as preferred shares.
* A copy of the certified shareholder count for each proxy item
is available for inspection by all shareholders. Further, after
the conclusion of the formal meeting and vote of shareholders,
IPWG's CEO, John Benvengo, delivered an operational update that
outlined, among other things, the following items:
* IPWG, in an effort to conserve capital resources and relieve it
of the costs and burdens of reporting, last May chose to file for
relief from these mandates for the time being. IPWG is now
working to complete its audits and financial statements to become
a fully reporting entity for the benefit of all its shareholders
and the public market.
* IPWG has repositioned and restructured itself to be a leader in
the Green Energy sector. IPWG efforts in this regard have
allowed it to move forward despite the economic challenges of
today's business environment. Working with its outside
consultants and advisors, IPWG has created operating divisions
for better management and definition of our business to financial
partners and the business world in general. In September 2009,
IPWG completed operational restructuring, creating two operating
divisions: (1) IPWG Green Development and (2) IPWG Green
Technology. IPWG Green Energy Development will focus exclusively
on the development of Waste to Energy ("WTE") power plants
throughout the world, and execute on the WTE opportunities that
IPWG has successfully procured in the past. Through its new Green
Technology Division, IPWG has created a plan of action to acquire
other "green technologies" in the market to merge into its Green
Technology division and is currently reviewing "green"
technologies for acquisition. This is in addition to the Add
Power technology which is now part of this operating division.
* IPWG has begun planning a new business division that compliments
IPWG's newly created operating divisions. This division will
manage the Carbon Credits we expect to be created by our Green
Development division. This subsidiary will house and market
Carbon Credits created by IPWG's WTE development projects and
implementation of Green Energy Technologies.
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