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aclark20

06/18/07 2:56 PM

#21125 RE: budgetcuts0 #21124

In addition, effective April 10, 2007, we effected a 50 for one stock split of our authorized, issued and outstanding common stock. As a result, our authorized capital has increased from 100,000,000 shares of common stock with a par value of $0.00001 to 5,000,000,000 shares of common stock with a par value of $0.00001. Our issued and outstanding share capital has increased from 5,529,750 shares of common stock to 276,487,500 shares of common stock.