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Wednesday, April 14, 2010 10:45:05 AM
On or about November 9, 2009 the Company entered into Letter of Intent (LOI) to merge with
Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" ("ProRemote Solutions") and entered
into an asset purchase agreement on or about January 28, 2010. ProRemote Solutions,
www.proremotesolutions.com, is a manufacturer of innovative, home-based technology solutions for the
Home Theatre Industry. The Company thereafter notified the management of ProRemote of the
cancellation of the asset purchase agreement with ProRemote Solutions for failure to obtain sufficient
financial data.
In March of 2010, the Company entered into an asset purchase agreement with Nazz Productions
(“Nazz”), whereby Nazz is to become a wholly-owned subsidiary of the Company. Nazz is an independent
producer and distributor of film and television entertainment content. The Issuer is presently in default of
the asset purchase agreement with Nazz, requiring the Issuer to provide documents to the acquisition
partner.
So we do NOT own PromRemote and we defaulted on the Nazz deal too huh?
As much as I want Pitman to be wrong, looks like he wasn't, good work Pitman.
This was a great update for us shareholders Tom, great job, who wants my 5,000,000 shares at .0001???
Maybe I read all that wrong, but, I don't think I did.
Any thoughts anybody???
All posts are my opinion, deal with it!
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