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Re: None

Monday, 03/21/2005 5:35:48 PM

Monday, March 21, 2005 5:35:48 PM

Post# of 103
CSTC

Effective on March 2, 2005, Chiste Corporation ("Company") entered into
a Letter of Intent to acquire HydroGen, LLC, an Ohio limited liability company
("HydroGen"). Under the transactions contemplated under the Letter of Intent,
the Company will acquire all of the interests from HydroGen's existing members,
including membership interests to be issued prior to closing in connection with
a capital raise of not less than $10,000,000 ("HydroGen Members"). In the
exchange, the Company will issue shares of its common stock to the HydroGen
Members in such amount so that, immediately after giving effect to the
acquisition, the HydroGen Members will own in the aggregate 95% of the Company's
issued and outstanding shares of common stock. At the close of the transaction,
it is contemplated that a new board of directors will be designated by the
HydroGen Members and that such Board will include one member to be designated by
Keating Reverse Merger Fund, LLC, the current principal stockholder of the
Company.



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