Our cash balance at June 30, 2013 was $30,052, with $483,189 in Trade Receivables compared to outstanding liabilities consisting of $284,544 in accounts payable and accrued liabilities, $327,262 in lines of credit, and $53,086 in loans from an unrelated party.
STOCK PURCHASE AGREEMENT WITH WESTERN WATER
On November 13, 2012, the Company closed a stock purchase transaction with Western Water Consultants, Inc., a California corporation (“Western”) and the shareholders of Western (“Selling Shareholders”) pursuant to a Stock Purchase Agreement dated August 30, 2012 (the “Agreement”) by and among the Company, Western, and the Selling Shareholders.
In accordance with the terms of Agreement, on the Closing Date, the Registrant issued an aggregate of 180,000,000 shares of its common stock to the Selling Shareholders in consideration for 100% of the issued and outstanding capital stock of Western (the “Transaction”). As a result of the Transaction, the Selling Shareholders acquired approximately 60% of our issued and outstanding common stock, Western became our wholly-owned subsidiary, and the Registrant acquired the business and operations of Western.
Western is an environmental services company engaged in the business of operating water treatment programs for major manufacturers, oil and gas refiners, and the food and beverage industries.
ANYTHING CAN HAPPEN TO YOUR INVESTMENTS!!!! PLEASE DO YOUR DD BEFORE INVESTING!!!
