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MIKAL

04/24/15 2:02 AM

#30712 RE: PhoenixRises #30711

An agreement is in place to retire the KBM Worldwide, Inc. convertible note and is expected to complete by May 29, 2015.

Brent Suen in response to question of terms of the agreement.... "convertible notes is out. Hope this provides more clarity for everyone. "

Looks to be a cash settlement..... BOOM!!!!!!

STOA