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Tuesday, August 23, 2011 8:51:44 AM
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On April 26, 2011, our Board of Directors and by a vote of the majority of the voting shares of the Corporation approved an increase of the authorized shares of the Corporation from two billion shares to five billion shares of common stock. We amended our Articles of Incorporation by the filing of a Certificate of Change with the Nevada Secretary of State. The increase in authorized shares is intended to support the anticipated filing of an S8 registration plan in conjunction with the company’s adoption of an Employees and Consultants Stock Compensation Plan. The increase is also in anticipation of the issuance of restricted shares necessary to complete strategic planned acquisitions in the coming months.
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