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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co.
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To: scion who wrote (331)4/2/2001 9:33:45 PM
From: scion  Read Replies (1) of 381
 
In connection with the Beach Access acquisition, the Company issued to the
former owner and certain employees of Beach Access, 8,000,000 shares of
unrestricted and restricted common stock as a signing bonus and additional
compensation.

Further, a five year employment agreement was signed with the former owner
providing for a base annual salary and options on 15,250,000 shares of
restricted common stock exercisable beginning immediately through January 1,
2003 at $.001 per share (contingent upon certain performance criteria being
met).

new.edgar-online.com
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