Mutual Merchant Services, Inc. (fka MUTM)

[Maestro111]

Whoever the primary holder of shares is (Josee?)it appears they received 2.2 billion shares of MUTM stock in this deal.
Wish I was in, will have to pick some up quick.

STOCK ISSUANCE AND NONCASH TRANSACTIONS
On October 14, 2009 the Company issued 2.2 billion shares of common stock and 24.2 million
shares of preferred stock in exchange for all outstanding shares of beneficial interest is in Chic
Management, a California business trust, making Chic Management a wholly owned subsidiary
of Mutual Merchant Services, Inc.
The market value of the shares of both companies is not readily determinable. The shares have
been reported at the par value $.00001 of MUTM, for a total amount of $22,242.
RELATED PARTY TRANSACTIONS
As discussed in the note above, Chic Management became a wholly owned subsidiary of MUTM.
As a result of the transaction, the primary holder of shares of beneficial interest in Chic
Management became the primary shareholder of MUTM.