"For payment purposes, shareholders holding common stock in a street name through a nominee, such as a bank or broker, will be treated in the same manner as shareholders whose shares are registered in their own names." Source: Preliminary Proxy 11/10/2008

 Looks like the deal will happen NOT before 2/10/2009.

Approved by the Board of Directors. 1-23-2009.

Sources of Funds. The expenses and cash consideration for the reverse stock split will be paid with the Company’s available cash and credit, cash from operations, and bank borrowings to the extent necessary. The Company and the Principal Group estimate that they will use approximately $225,000.00 to $260,000.00 in cash to complete the reverse stock split, which includes cash payments to be made in lieu of issuing fractional shares as well as professional fees and other expenses related to the transaction.

A definitive proxy is due out of February 17, 2009. There is no vote needed for this transaction to occur.

3/30/3009 - It is unclear if the definitive information statement was mailed out on February 17, 2009. The current preliminary proxy statement states, "The time for determining the shares of common stock that will be subject to the reverse stock split will be the time that the Amendment is filed with the Florida Secretary of State and becomes effective by its terms, which we estimate will be March 27, 2009. In no event, however, will the effective time of the reverse stock split be earlier than the 20th day after this Information Statement is sent or given to those persons or entities that held common stock as of the Approval Record Date."

This reverse stock split will be effective June 8, 2009, at which time the Company will become privately-held. A shareholders meeting will be held at 10AM on May 28th at the offices of Edd Helms Group, Inc. in Miami, Florida, where this transaction will be adopted and approved by holders of shares representing a majority of the voting power of Edd Helms Group.

At the meeting of the Shareholders on May 28, 2009, the Shareholders approved an amendment to the Articles of Incorporation to effect a 1 for 2,000 reverse stock split.