I also love the flexibility that this statement implies in the 8K.
"1.4 Use of Proceeds . In accordance with the directions of the Board of Directors, as it shall be constituted in accordance with the Voting Agreement, the Company will use the proceeds from the sale of the Shares for investment and other general corporate purposes."
These types of transactions are a solid indication that EWSI is the real deal and not some headline pumping scam OTC company.
That being said, the company has achieved at least 875K in capital since the beginning of the year via Master Franchisee Licensee Agreements that cover the UK, Ireland, and China. This, in concert with the Management Agreement with YaZhou (also generating cash flow) is a nice start to the year.
If you read the CEO Interview Transcript you'll note numerous forward looking items that may actually come to fruition this year. If they do we're off to the races in a big way.
All JMO
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