With the issuance of the shares of restricted common stock, the total issued and outstanding shares of common stock are 1,995,000,000. The authorized number of shares is
1,995,000,000. This means that there are currently no more shares available to be issued, including for the conversion of Series A Convertible
Preferred shares.
The Management of the Company intends to aggressively continue to attempt to reduce the past debt and liabilities of the Company with a target of less than $100,000 before
end of year 2010. The Management believes this may create alternatives for new financing and the acquisition of new operations to grow the shareholder value.