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PNKBULLSHT

06/19/13 1:59 PM

#29437 RE: Clonefan #29436

LMAO....wow I meant president of the company dude! Don't talk to me about DD, I am the king at DD.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Election of President

On June 1, 2013, the Board of Directors approved the appointment of Paul Favata as President for the Company. On June 1, 2013, Mr. Favata accepted the appointment and agreed to serve as President for the Company. Mr. Favata has agreed to be compensated $96,000 per year to serve as President for the Company.

Election of Directors

On June 1, 2013, the Board of Directors approved the appointment of Paul Favata to the Board of Directors. On June 1, 2013, Mr. Favata accepted the appointment and agreed to serve on our Board of Directors.

Paul A. Favata

Paul Favata joins as President as a 27-year Wall Street veteran. Mr. Favata began his career on the American Stock Exchange (AMEX), working for two smaller member firms. Paul spent five years on the New York Stock Exchange (NYSE) with one of the largest specialist firms on the floor.

Mr. Favata left the exchange in 1992 to work for Shearson Lehman on the sell-side. In 1994, Paul moved to a small boutique sell-side firm working in both the retail and institutional sales areas. Paul took over the management of the New York offices, helping the firm grow from an early-stage position, to revenues of over $29 million annually during his time there. Most recently, Favata, 48, held the position of Senior Vice President of Finance at a small, privately-held consulting firm that advises clients on acquisitions and long term financing strategies. Mr. Favata was appointed as Chief Financial Officer for Next Communications, Inc. in June 2008. Paul was the first Chief Financial Officer for the Company, having management oversight and responsibility for all financial functions while overseeing all revenues, costs, capital expenditures, investments and debt. Mr. Favata holds several securities licenses and resides in Saint Petersburg, Florida with his family