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was sheepdog

08/21/08 11:42 AM

#692 RE: skipdeez #688

SEWC ($0.0003), ouch.........DEF14C just filed........AS increasing from 500M..........another AJW dilution machine.....

The Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”) authorizes the maximum number of shares outstanding at any time shall be two billion (2,000,000,000) shares of Common Stock. On April 9, 2008, the Board of Directors approved an amendment to the Articles of Incorporation to authorize two billion (2,000,000,000) shares of Common Stock. The Board of Directors is authorized to fix the number of shares of and to determine or alter the rights, preferences, privileges and restrictions granted to or imposed upon the Common Stock. On April 9, 2008, the holders of a majority of the voting rights of the Company approved the Amendment by written consent.

Specifically, the increase in authorized shares is necessary based upon the recent financing completed by the Company. The Company will be filing a Form S-1 registration statement with the SEC to register shares of common stock in accordance with a Securities Purchase Agreement dated February 28, 2008 between the Company and AJW Partners, LLC, AJW Master Fund, Ltd., New Millennium Capital Partners II, LLC, respectively