Did you see this?>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>-----------------In May 1999 IMA formed buyingedge.com as a vehicle to roll out its new
internet marketing technology. IMA transferred certain technology and other
assets to buyingedge.com in exchange for 7,990,000 shares of its common stock
which, at the time of exchange, represented 94% of the outstanding common stock
of buyingedge.com.
The articles of incorporation for buyingedge.com provide for the issuance
of 20,000,000 shares of common stock and 5,500,000 shares of Series A Preferred
Stock (see Note 7). In connection with the transfer of technology noted above,
as well as the contribution of certain other technology from a third party,
buyingedge.com issued 8,500,000 shares of common stock. In addition,
buyingedge.com has reserved 4,816,183 shares of its common stock for issuance
under its 1999 Stock Option Plan, of which 1,555,000 options were issued prior
to June 30,1999 at an exercise price of $.50 per share. |
