On September 23, 2011, the principal stockholders of the Company’s common stock and Series C Preferred Stock, having the voting rights equivalency of 10,122,333,092 shares of common stock (representing approximately 55.04% of the Company’s issued and outstanding voting capital stock on September 23, 2011) voted, by written consent in lieu of a stockholders’ meeting to effect a one (1) for five hundred (500) reverse stock split (1:500) of the Company’s common stock, whereby, on October 24, 2011 (subject to FINRA review of the reverse split and its notification date to the markets), for every five hundred shares of common stock then owned, each stockholder shall receive one share of common stock, with fractional shares being rounded up the nearest whole number.