World Logistics Services Inc. (fka WLSV)

[ClunyTheScourge]

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6665193

Under the terms of the Agreement, upon the closing of the Subsidiaries Acquisition, WLS will receive 5,500,000 shares of common stock of URM in exchange for all the outstanding shares of the two subsidiaries of WLS. On a fully diluted basis, the shareholders of URM at closing, excluding the 3,665,118 shares which are to be cancelled, will own approximately 17% of the common stock of URM immediately following closing. Also on a fully diluted basis, WLS will own approximately 37% of the post-merger company’s outstanding shares and the holder of the convertible Series A preferred stock will own approximately 47% of the common stock on a fully diluted basis. In addition, the holder of the Series A and Series B preferred stock will control 60% of the voting control of URM.