EKSIA filing.
ELECTRO KINETIC SYSTEMS INC has filed a Form SC 14F1 (Statement of Re Change
in Majority of Directions) with the United States Securities and Exchange
Commission.
Click on the following hyperlink to view this filing:
freeedgar.com
Of note:
" PROPOSED CHANGE IN CONTROL OF THE COMPANY
Giving effect to the first step of the acquisition and replacement of the officers and directors of Electro-Kinetic by the
board of directors of Sterling, and the issuance of Electro-Kinetic common stock to the Sterling Holders: o the Holders of
Sterling will own a majority of the outstanding voting stock of Electro-Kinetic;
o Messrs. Pierce, Amelio, McGiboney, Nussbaum and Annin will be the only directors of Electro-Kinetic.
o Electro-Kinetics will change its name to Sterling Media Capital Group, Inc.
As a result of the majority voting stock ownership of the Sterling Holders and director status, upon completion of the first
step of the acquisition, Messrs. Pierce, Amelio, McGiboney, Nussbaum and Annin will be in control of the business and
affairs of Electro-Kinetic. Giving effect to the "reverse-split" and the amendment to the Articles of Incorporation expected
to be submitted to the shareholders of Electro-Kinetic for approval, upon completion of both steps of the acquisition, there
will be approximately 17,000,000 outstanding common shares. Approximately 15,555,000 common shares (91.5%) will be held by
the present Sterling Holders and approximately 1,445,000 common shares (8.5%) will be held by the present Electro-Kinetic
shareholders. |
