Reward Enterprises (fka RWRD)

[awakeinthemorning]

DCschmoeka, On November 23, 2004, the Company and the shareholders of Consumer Choice Financial Services, Inc., (CCF) a Nevada corporation, completed a share exchange whereby CCF shareholders delivered 100% ownership interest in CCF in exchange for 380,000,000 restricted shares in the Company. The acquisition of CCF resulted in the shareholders of CCF becoming the controlling shareholders of the Company. CCF is a newly formed corporation with no assets, liabilities or operations, and accordingly the acquisition of CCF was recorded at the predecessor cost to its shareholders which is approximately nothing. This acquisition is being accounted for as a merger whereby the operating company, Reward Enterprises, Inc. is the continuing entity for all accounting purposes. This transfer resulted in a reclassification of $380,000 from prior additional paid in capital to common stock for accounting purposes. (See Note 6)

Here are the restricted shares : 100% ownership interest in CCF in exchange for 380,000,000 restricted shares in the Company.

Common stock: 500,000,000 shares authorized of $0.001 par value, 493,166,224 and 4,412,200 shares issued and outstanding, respectively.