"Management recommended that a ratio of 1-to-500 would reduce the number of record shareholders to a level sufficiently below 300 to allow adequate margin for any increase in the number of shareholders that might occur prior to or after the effectiveness of a reverse stock split (for example, as a result of holders with shares in “street name” requesting that share certificates be issued in their own name, or persons other than current shareholders acquiring shares)."

"The Reverse/Forward Stock Split will not affect holdings of Common Stock held by shareholders in “street name” through a nominee (such as a bank or broker).  Nominees may have different procedures, and shareholders holding Common Stock in street name should contact their nominees to determine if and how they will be affected by the Reverse/Forward Stock Split."

Litigation with TEKsystems has been settled. 12/04/2008

Source of financing: "The total amount of funds needed to cash out the fractional shares is estimated to be approximately $20,908. The Company will use cash on hand to make this payment." Source: Definitive Proxy 1/5/2009

Tender price reduced to $0.30 as stated in the Definitive proxy on 1/5/2009.

The reverse split was approved by shareholders at the February 10, 2009 meeting. Source: Current Report 02/17/2009