Speaking of scammy shells doing deals - here's one today! SLNN
read the terms rotfl!!
On November 17, 2004, SolutionNet International, Inc. ("International") entered
into an Agreement for the Exchange of Common Stock with the shareholders of
SolutionNet Consulting LLC, a New Jersey limited liability company
("Consulting"). Under the terms of the Agreement, International has agreed to
issue the shareholders a total of 15,000,000 shares of common stock in
consideration for 100% of the ownership of Consulting. Closing of the
transaction is conditioned upon International changing its state of domicile to
Nevada, increasing its authorized common shares to 50,000,000, filing all
delinquent reports with the Securities and Exchange Commission, and obtaining a
listing for its common stock on the OTC Bulletin Board. Either party may
terminate the Agreement if closing does not occur by February 28, 2005.
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Consulting is an information technology outsourcing company, which is controlled
by Suresh Venkatachari, an officer, director, and principal shareholder of
International.
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Also on November 17, 2004, International entered into an Agreement for the
Exchange of Common Stock with the shareholders of SRP Consulting Pty. Ltd., an
Australian corporation ("SRP"). Under the terms of the Agreement, International
has agreed to issue the shareholders a total of 3,000,000 shares of common stock
in consideration for 100% of the ownership of SRP. Closing of the transaction is
conditioned upon International changing its state of domicile to Nevada,
increasing its authorized common shares to 50,000,000, filing all delinquent
reports with the Securities and Exchange Commission, and obtaining a listing for
its common stock on the OTC Bulletin Board. Either party may terminate the
Agreement if closing does not occur by February 28, 2005.
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