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Jackroch

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Jackroch

Re: flaflyersfan post# 7391

Friday, 03/30/2012 11:46:43 PM

Friday, March 30, 2012 11:46:43 PM

Post# of 20680
Overall, the Company results show an increase in revenue of 20% for the year ended December 2011 when compared to the year ended December 31, 2010.

In March 2012, the Company consummated the transactions contemplated by a Debt Conversion Agreement that it entered into with Mr. Lenfest in January 2012. As a result of these transactions, the Company no longer has any long term debt and believes that it has sufficient cash to meet its working capital requirements for at least the next twelve months.


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