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Re: Cube post# 469

Tuesday, 05/04/2010 2:00:07 PM

Tuesday, May 04, 2010 2:00:07 PM

Post# of 7149
On December 14, 2009 (the “Signing Date”), The Children’s Internet, Inc.(“CITC”) entered into a Stock Purchase Agreement (the “Agreement”) with The Children’s Internet Holding Company, LLC., a Delaware limited liability company (“TCI Holding”) and Intelligent Choices of America, Inc., a Nevada corporation (“ICA”). Under the Agreement, TCI Holding and ICA will purchase 10,000,000 shares of newly issued common stock for $500,000 (the “Transaction”). The $500,000 will be used by CITC as working capital. The Closing of the Transaction pursuant to the terms of the Agreement is scheduled for on, or before, March 26, 2010. At the Closing, TCI Holding and ICA will deliver the purchase price of $500,000 to CITC and CITC will deliver the 10,000,000 shares of newly issued common stock to

TCI Holding and ICA.

NOT DILUTION; just a MOFO seller ~ imo
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6943007