INFORMATION ABOUT THE COMPANY
THE COMPANY
We are primarily in the business of acquiring, exploring and developing oil and gas-related assets. We also market the Safe Cell Tab product line, which consists of products designed to protect users against the potentially harmful and damaging effects of electromagnetic radiation or electromagnetic fields emitted from electrical devices.
Safe Cell Tab, Inc. was organized in British Columbia during 1996. We were originally organized in 2007 in Nevada to serve as a vehicle for the re-organization and spin-off of Safe Cell Tab, Inc.’s business of marketing the Safe Cell Tab product line, and exist as its successor in interest. We have since been in the business of marketing the Safe Cell Tab product line. The Safe Cell Tab is a small, thin, oval shaped device designed specifically to help protect users of cell phones, cordless phones, laptops, microwaves and any other hand held devices from the potentially harmful and damaging effects of electromagnetic radiation or EMF’s, which are emitted from these electrical devices.
On October 12, 2012, pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), entered into by and between us, Eos Global Petro, Inc. (“Eos Global”), and Eos Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Eos (“Merger Sub”), dated July 16, 2012, Merger Sub merged into Eos Global, with Eos Global being the surviving entity (the “Merger”). As a result of the Merger, Eos Global became our wholly-owned subsidiary. Upon the closing of the Merger, each issued and outstanding share of common stock of Eos Global was automatically converted into the right to receive one share of our Series B preferred stock. On May 20, 2013, pursuant to the filing of an amendment to our articles of incorporation, we effectuated the automatic conversion of all outstanding shares of our Series B preferred stock into shares of our common stock on a 1:1 ratio.
After the Merger, Nikolas Konstant, our Chairman of the Board and Chief Financial Officer, acquired control of Eos. His 32,500,100 shares represented approximately 71.57% of our issued and outstanding voting securities as of the Record Date.
Eos Global was incorporated in Delaware on May 2, 2011. On June 6, 2011 Eos Global acquired a 100% working interest and 80% net revenue interest in five land leases in Edwards County, Illinois (the “Works Property”) which have historically produced oil since 1940.
Eos Global is the 100% owner of two subsidiaries, Plethora Energy, Inc. (“Plethora Energy”) and Eos Petro Australia Pty Ltd., an Australian company, as well as the 90% owner of Eos Atlantic Oil & Gas Ltd., a Ghanaian company (“EAOG”). The other 10% of EAOG is owned by one of our Ghanaian-based consultants.
