Reinstatement to TradingNews Release:
/www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=8397>Reinstatement to Trading and Closing of Debt Settlement and Financing Highlights: - reinstated for trading on Monday, May 7, 2007 - announced a private placement financing and a shares-for-debt transaction * raised $101,000 pursuant to the private placement from the sale of 2,020,000 Units issued at a price of $0.05 per Unit * settled debt owed to creditors of the Corporation through a shares-for-debt transaction whereby approximately $172,410 of debt owed by the Corporation was satisfied by the issuance of 3,448,200 Units at a deemed price of $0.05 per Unit - the Exchange required the Corporation to complete the following, at a minimum, before trading in the Corporation's shares could resume: * The implementation of acceptable internal controls and corporate governance practices; * The appointment of a new director with public company experience; and * That the remaining directors were required to take a course on corporate governance acceptable to the Exchange. Ouch! That makes two holdings of mine to come back from the dead in recent months. Now if only AimGlobal can get resurrected, that will make a perfect trifecta.