Wireless Age Communications, Inc. (fka WLSA)

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Here's the paragraph you are referring to:

Fanocorp Ltd. During 2010, the Company made advances of $197,509 to Fanocorp Ltd. (“Fanocorp”), a related party by virtue of common officers and directors, as part of a temporary burrowing arrangement in support of a proposed acquisition of a Call Center business by Fanocorp. On November 1, 2010, both companies signed a letter of intent that the Company would acquire Fanocorp subsequent to acquisition of the Call Center business by Fanocorp. There are no terms to the borrowing arrangement, as the funds are intended to be applied to the acquisition price upon consummation of the Company’s intended acquisition of Fanocorp.

On March 31, 2011, The Company and Fanocorp executed an addendum which extended the terms of closing to June 30, 2011. As of the date of this report the transaction is not closed.

In both NLI's filing, and in our latest PR, it is mentioned that the money to purchase the call-center came from Newlook. It seems unlikely that NLI found two different call centers looking for a buyer... So, my bet is that both sources are referring to the same (though there is the possibilty that ownership will be split, like that of Sunbay and Fanotech, into Canadian and American markets). As dynamic as all the deals have been, it certainly wouldn't surprise me if they decided WLSA was a better fit.

Fanotech's filing mentioned that NLI would "acquire Fanocorp subsequent to the acquisition of the Call Center"... I wonder if the latest news suggests that NLI will soon be relisted... With details of the Fanotech acquisition following shortly after.