ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On October 23, 2006, Jamie Agins resigned from her position as a member of the Board of Directors of the Company. Such resignation was not due to any disagreements with the Company on any matter relating to the Company's operations, policies or practice. On October 23, 2006, Raphael Rosingana, Esq. was appointed to the Board of Directors of the Company to fill the vacancy created by the resignation of the previous director.
Raphael Rosingana, Esq. has acted as the Company’s Chief Securities Compliance Officer since October 3, 2005. The California-based Rosingana has been a practicing attorney for the past 33 years. As our Chief Securities Compliance Officer, Mr. Rosingana has provided high-level monitoring of all matters that pertain to the securities of the Company on a daily, weekly and monthly basis. Mr. Rosingana, who has extensive experience in many facets of the law and accounting, is currently the managing partner and majority shareholder of Rosingana & Associates which he has operated since 2004. In such capacity, he is a trial lawyer in a four attorney real estate and construction civil and business litigation practice. Mr. Ronsingana has been a practicing attorney in the State of California for over thirty years handling an assortment of business, corporate, litigation and securities matters. Aside from an in-depth knowledge of securities law he has also served on the Board of Directors of several companies. He is an honors graduate of both Golden Gate University School of Law in San Francisco and San Jose State University where he earned his undergraduate degree.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired:
None.
(b) Exhibits
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
ADVANTAGE CAPITAL DEVELOPMENT CORP.
By: /s/Jeffrey Sternberg
Jeffrey Sternberg, President
October 26, 2006 |
