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phxgold

11/02/08 10:37 AM

#2823 RE: Squeegee_1 #2822

according to Fugos filings its 5% and aes aint listed.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.


The following table sets forth, as of May 31, 2008, certain information with respect to the beneficial ownership of our common stock by (i) each director and officer of the Company, (ii) each person known to the Company to be the beneficial owner of 5% or more of the outstanding shares of common stock, with such person’s address, and (iii) all of the directors and officers as a group. Unless otherwise indicated, the person or entity listed in the table is the beneficial owner of the shares and has sole voting and investment power with respect to the shares indicated. The total number of issued and outstanding shares as of May 31, 2008 is 39,476,020.




Name of Beneficial Owner Shares Beneficially
or Name of Officer or Director Owned ** Percent

Hugo M. Cancio
Director/President
Treasurer/Secretary 19,250,000 48.76%

Ciocan Entertainment Film & Music Group, LLC * 5,500,000 13.93%

Total Director/Officer/
5% Owners 24,750,000 62.70%





* Hugo M. Cancio is the controlling shareholder of Ciocan Entertainment Film and Music Group, L.L.C. which owns 5,500,000 shares of our common stock.
** Includes stock options granted of 250,000 shares granted in January, 2008 and reported herein on a fully-diluted basis as if all share were to be exercised.