Upward Technology Corp. (fka UPRD)

[SSP]

From the last 10KSB,

 
 ITEM 1- BUSINESS 
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 Upward Technology Corporation (the "Company"), was originally incorporated under 
 the laws of the State of New York in 1953 and was formerly known as Marks 
 Polarized Corporation. In May, 1989, the Company sold its remaining operating 
 assets, suspended all operations, except for necessary administrative matters 
 and ceased to be an operating company. 
  
 In February, 1992 the Company consummated an agreement with Beverly Hills 
 Bancorp ("BHB") wherein BHB acquired a controlling interest in the Company. In 
 April, 1996, BHB sold its entire interest in the Company (4,100,000 shares of 
 the Company's Common Stock), to Messrs. Albert M. Zlotnick and Irving I. 
 Lassoff. In January, 1998, Mr. Lassoff sold an aggregate of 2,050,000 shares of 
 the Company's Common Stock, representing Mr. Lassoff's entire interest in the 
 Company, to Albert M. Zlotnick. 
  
 The Company currently has no full time employees. Its Chairman, President and 
 Chief Executive Officer is Albert M. Zlotnick. 
  
 The Company is currently seeking merger or acquisition partners so as to best 
 utilize the Company's assets and corporate structure.