Check this section out I pasted it from the Form 10SB...lot's of very cheap free trading paper out on this one. The promoters are making tons of $$$$$
In March, 1999, prior to the acquisition by the Company of Eagletech Communications, Inc., a Florida corporation ("Eagletech-Florida"), the Company issued 520,018 shares to the stockholders of 21ST Century Frontier Group, Inc.
("21st Century") in exchange for their shares of 21st Century in a transaction designed to change the Company's state of incorporation to Nevada from Florida.
On April 1, 1999, the Company acquired Eagletech-Florida in exchange for 5,000,000 shares of common stock in a private transaction, of which 4,882,401 were issued to the principals of Eagletech-Florida and 117,599 were issued to
debtholders of Eagletech-Florida. On April 5, 1999, in order to raise additional capital, the Company issued 3,333,333 shares to investors in an offering exempt
under Rule 504 of Regulation D. On May 5, 1999, the Company issued 675,002 to officers of the Company as compensation in a private transaction, and an additional 150,000 shares were issued as compensation to consultants. |
