The company has begun the process of updating its financial statements with the intent of becoming a fully reporting company again in the future. The financial updates will show no debt on the books of TEMN.
The Company is currently in negotiations with a privately held Texas based liquor company for the purpose of completing a share exchange between the company and TEMN. Once consummated, the Company will begin operating in Texas as an importer and distributor of distilled alcoholic beverages.
Additionally, there is no plan for a reverse split as the issued and outstanding shares only represent about half of the authorized shares of the company.
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