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Tuesday, May 17, 2011 10:19:56 PM
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Currently, Michaels is in the process of selling the “The Electric Cigarette” in the USA and foreign markets through his distribution agreements with USA Inc. This product is a smoking alternative for a healthy life style for millions of smokers.
4. Board Memberships and other affiliations: CEO of USACIG, Inc.
5. Compensation by the Issuer: Annual Salary of CEO is currently not available.
6. Number and Class of the Issuer’s Securities Beneficially Owned by Each Person: None
B. Legal/Disciplinary History
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses): In 2005, Mr. Michaels plead guilty to money laundering for a check of $20,000 from a previous non affiliate company. In 2007 Peter Michaels „Modified Judgment in his Criminal Case, Plead Guilty to Conspiracy to Launder Illegal Proceeds and received 3 years probation, electronic Monitoring (home arrest) for a 180 days, $100 Assessment (satisfied 11/18/05) and a $2,000 fine (satisfied 11/18/05)
2.
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