"Update to Investors on the Progress of 3(a)(10) Transaction:
To date the Company has issued 101,591,000 pursuant to the ongoing 3(a)(10) transaction. Of these shares 91,591,000 have generated nearly $880,000 in available funds for payment to creditors. As of today, approximately $620,000 has been paid to creditors with $260,000 yet to be allocated. The Company has eliminated nearly half of the debt associated with the 3(a)(10) transaction. Of the $1.9 million in original debt, just over $1 million remains.'