OTC Stock News

[Tekidesign]

Bad news for MJWL:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7084486

Required Approvals Obtained.
The Board, by its unanimous written consent (the “Board Consent”), adopted resolutions approving the Certificate of Amendment to the Company’s Certificate of Incorporation to increase the authorized capital of the Company to total of 5,010,000,000 shares of stock, consisting of 5,000,000,000 shares of commons stock and 10,000,000 shares of preferred stock. On the Record Date, the only issued and outstanding shares of the Company’s capital stock entitled to vote on the proposed amendment were 150,000,000 shares of the Company’s common stock, par value $.0001 per share (the “Common Stock”), of which the Majority Stockholders held in excess of 50.1% of the total stock entitled to vote on the proposed amendment. On July 28, 2010, the Majority Stockholders, by written consent in lieu of a meeting, approved the Certificate of Amendment to the Company’s Certificate of Incorporation, a copy of which is attached to this Information Statement as Exhibit A. No further consents, votes or proxies are or were necessary to effect the approval of Certificate of Amendment to the Company’s Certificate of Incorporation.