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Aisystems, Inc. (fka ASYI) RSS Feed

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Aisystems, Inc. Background History:
 

AISystems, Inc. (the "Company") was incorporated in Nevada on February 22, 2005 under the name Wolf Resources Inc. On March 19, 2010, the Company acquired Airline Intelligence Systems Inc. ("AIS"), a development stage company based in the state of Washington which focused on software development for the airline industry.


On March 19, 2010, AISystems, Inc., formerly Wolf Resources Inc. (the "Company") acquired Airline Intelligence Systems Inc. ("AIS"), a development stage software development company based in the State of Washington, focused on software for the airline industry. In accordance with the Share Exchange Agreement upon delivery of 100% of AIS stock, the Company issued a total of 116,250,000 shares which represented 75% of the issued and outstanding common stock on a fully diluted basis and a total of 2,329,905 shares or 100% of the issued and outstanding Series B preferred stock. As a result of the merger transaction, the Company is no longer considered to be a shell company for reporting purposes.
 

The Company held a licensing right to develop and market a proprietary business platform for the airline industry and is in the process of building a software program while simultaneously creating an infrastructure for sustainable growth prepared to enter the commercial stage of its business life cycle. The Company has received a Notice of non-renewal with regard to this technology license.

 

On September 7, 2011, Dynamic Intelligence Inc. ("Dynamic") provided the Company with a Notice of Non-Renewal, pursuant to an Intellectual Property Agreement (the "Agreement") entered into by the parties on December 9, 2005. Pursuant to the terms of the Agreement, the term of the Agreement would be automatically and continuously extended in one (1) year increments unless either party provided notice of non-renewal at least ninety (90) days before the end of the then-current term. Due to Dynamic's Notice of Non-Renewal, the Agreement will not renew on December 9, 2011.
 

Appointment of Jeff Robinson

  On March 14, 2012 a majority of the board of directors of the Company approved the appointment of Jeff Robinson as Chairman of the Board of Directors.

 

Resignations of David Greenberg, Steve Frankel and James Beatty

On March 15, 2012, David Greenberg, Steven Frankel and James Beatty each resigned from their positions as members of the board of directors of the Company. Neither David Greenberg's or Steven Frankel's or James Beatty's resignation was the result of any disagreement with the Company on any matters relating to the Company's operations, policies or practices.

 

Appointment of Jeff Coe

On March 23, 2012 the board of directors of the Company approved the appointment of Jeff Coe as the Chief Operating Officer of the Company. Jeff Coe has not entered into an employment agreement with the Company.

 

Resignation of Jeff Robinson

On April 20, 2012, Jeff Robinson resigned from his position as director and Chairman of the Board of the Company. The resignation was not as a result of any dispute with the Company, its Officers, or Board of Directors.

 

Appointment of James Beatty

 On April 20, 2012, the Board of Directors of the Company appointed James Beatty to serve on the Company's Board of Directors.


June 2012 ASYI Raised their A/S to 5 BILLION Shares

http://ih.advfn.com/p.php?pid=nmona&article=52493424


 

 

Charts
 


Otcmarkets info:



ASYI signs letter of intent with KoolTel:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8555589

ASYI 10K out:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8627155

ASYI 10K/A out:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8629804

ASYI 10Q out:
 
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8630548


http://www.otcmarkets.com/stock/ASYI/quote


Share Structure

Shares Outstanding 553,700,367 a/o May 17, 2012
Float Not Available
Authorized Shares 5,000,000,000 a/o May 25, 2012

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