Well its not like they are dark. They have a website and are posting updates and news there. Some cos do it that way. Im sure we will hear something via PR or filings soon.
By the end of the year 2011 we expect to finish our negotiations with our suppliers trough our new company situated in Armenia. On this moment the incorporation of the local entities are in progress. After the incorporation the contract with our new suppliers in Armenia will be established. The contract value will bring us in 2012 approximately $12.000.000 turnover.
The Board of Directors decided to take over the Swiss Company ACCRES Global AG.
ACCRES Global AG is situated in the kanton of Zug. The financial assets of the ACCRES Global AG have a big value for the Company because of the longterm trading contracts with one of the biggest suppliers of rough diamonds in the world.
It will give in the near future a lasting turnover on a monthly bases which provide our customers a steady line of goods.
After a period of auditing and negotiating, ACCRES Global has been bought for the price of $10.000.000 which have been paid by new certificates.
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