We have obtained the written consent of certain of our stockholders dated February 2, 2005 to approve the reverse split of our common stock of all shareholders of record as of March 16, 2005 on the basis of one share for every 22 shares held. The purpose of the reverse split is to change the current capital structure of the Company so the Company would be in a more advantageous position to consummate a business transaction which would potentially be more beneficial to the shareholders. We will also amend our name to Reliant Home Warranty Corporation as approved by shareholders representing a majority of the voting power of the currently issued and outstanding common stock of the Company. Your consent is not required and is not being solicited in connection with these actions.
Pursuant to Section 607.0704 of the Florida Business Corporation Act, you are hereby being provided with notice of the approval of these actions by less than unanimous written consent of our stockholders. Pursuant to the Securities Exchange Act of 1934, as amended, with this letter you are being furnished an information statement relating to these actions.
By Order of the Board of Directors
/s/ Alexander G. Stewart, ---------------------------- Alexander G. Stewart Chairman of the Board of Directors
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