Phyhealth Corporation (OTCQB: PYHH) entered into a material contract with Queste Capital, a Nevada corporation for the purchase of a majority control of the Registrant, on April 2, 2012. The agreement calls for the purchase of shares of common stock equal to ninety five percent of the then existing shares of common and preferred, fully diluted to be delivered to the Purchaser, Queste Capital. The Registrant will immediately make the OTC Equity Issuer Notification Form filing with FINRA describing such transaction and inclusive of matters necessary for the completion of such Agreement, including the reverse split of the Registrant's shares. The execution date of such reverse split was set for April 20, 2012 in the filing with FINRA. However, the final execution of such reverse split will be determined by FINRA in conjunction with the associated filing and review.
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