The Company engaged Frozen Food Gift Group, Inc. (“FFGG”) as a vendor, prepaying for $45,000 in products during 2011. The remaining balance on that account is $30,655 as of June 30, 2012, not including additional interest and fees to which the Company may be entitled. On information and belief, the Company’s former CEO and Chairman of the Board, Matthew Schissler, owns 36.2% of the outstanding shares of FFGG, and is FFGG’s Chairman of the Board.
The Company ceased doing business with FFGG, and has made demands for the return of its monies."