Gepco Ltd (fka GEPC)

[Potse]

WFAM...name/ticker change...PDF file.....

Picked up a position in WFAM last month (see post below). I am semi-expecting to see the reverse merger between WFAM and ClairNET completed fairly soon.

Name change to ClairNET occurred in early December. According to the news item on the Wikifamilies website a new ticker is being sought. Also, a link to an October 16, 2012 PDF file started appearing on some of the ClairNET-related websites sometime during December.

News item on Wikifamilies website.....

On 7 September 2012, the then Board of Directors of Wikifamilies Inc resolved that its operational company Wikifamilies SA and its clients, would be better served by Wikifamilies SA being a private company. It therefore reversed the previous merger of Wikifamilies Inc and Wikifamilies SA on the basis of expectations from the merger not being achieved.

In order to maintain the public listing of WFAM, the then Board of Directors found a replacement operational company in ClairNet which appears to provide a greater opportunity for WFAM shareholders to achieve a better return on their investment. Wikifamilies Inc undertook a reverse merger into ClairNet with conditions that the new majority owners of the company undertake a name and ticker change see SEC filing: biz.yahoo.com/e/120913/wfam8-k.html

The Board of Directors and management of Wikifamilies Inc all resigned their positions and were replaced by ClairNet appointed Directors and management.

At this stage, Wikifamilies Inc has changed its name to ClairNet Inc and is seeking a change in its ticker.

Wikifamilies SA continues to operate as a privately owned Swiss company. It should be particularly noted that none of the management of Wikifamilies SA have any involvement with ClairNet nor hold any WFAM shares. A condition of the reversal of the merger was that all shares held by Wikifamilies Inc management be transferred back to WFAM treasury which has been undertaken.

Therefore any enquiries about WFAM shares and ClairNet should be directed to the ClairNet management: see http://clairnet.mobi/videosearch/contact_us.html

http://www.wikifamilies.com/news/wfam.aspx

A few items from the PDF file. On page 3 there is a market overview and a reference to "1.5 million paid users within 6 months". I am not sure whether that is an actual or estimated/projected product performance number......

• Over 4 Million dollars were spent in man hours and R&D
from the Chinese Academy of Science in developing the video
core technology and video search engine.
• Our video core technology ranked #1 in 2008 and 2009 in an
international award (TREVID) which included Google and
IBM.
• The Company is recognized for significant R&D achievements
in video core technology including 9 patents,18 patents
pending and international technology awards.

• vid3g -- 1.5 million paid users within 6 months, thats only 0.46% market penetration

• Leexoo's mission is to provide a simple 2-clicks solution for mobile user in China using smartphone app and web-based service available for the iOS and Android platforms to record and share their video, such as similar application provider in US, Viddy received $30M USD funding and Socialcam $60M USD funding.

http://vid3g.com/private/vid3g.pdf

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82687215