Replies to post #2310 on Reinsurance Technologies Ltd.(fka RSRN)

[JJdivini]

Solution Technology International Inc. (STNLQ) Plan Effective...

5/15/2009;

Reinsurance Technologies (f/k/a Solution Technology International) announced that its Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. Under the Plan, the Company's principal secured lender, Resurgence Partners, and Crosshill Georgetown Capital provided the debtor-in-possession financing and are now providing the exit financing. The same lenders will convert a secured claim to all equity and receive 91.25% of the issued and outstanding shares of the Company's common stock, par value $.001 per share as well as 500,000 shares of nonvoting, non-interest bearing Series A preferred stock, par value $.001 per share. The unsecured creditors will receive 5% of the issued and outstanding shares of New Common Stock and 500,000 shares of nonvoting, non-interest bearing Series B preferred stock under the Plan. The existing holders of common stock will receive 3.75% of the issued and outstanding shares of New Common Stock. On April 24, 2009, the Company changed its name to Reinsurance Technologies.