the original investors came in through JBI (Ontario), which became Expedite ll (Delaware)
10/22/07 1/28/10 Expedite 4 Inc U.S. SEC # 1415599
10/22/07 2/11/10 Expedite 5 Inc U.S. SEC # 1415598
10/22/07 3/8/10 Expedite 1 Inc [ now InovaChem/Inc ] U.S. SEC # 1415603
10/22/07 6/26/09 Expedite 2 Inc [ now John Bordynuik/Inc ] U.S. SEC # 1415602
10/22/07 2/16/10 Expedite 3 Inc [ now Xyberhome/Inc ] U.S. SEC # 1415600
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Expedite 2 Inc · 10SB12G · On 10/22/07
Our President is Sheila Hunter. Sheila Hunter is thirty-five years old and was born and raised in Coquitlam, British Columbia. Sheila is presently employed at the only job she has ever had at her family's catering business "Lens' Catering" in Burnaby, British Columbia which her Grandfather started in 1950. The balance of her time is spent looking after her two kids.
There are no agreements or understandings for the officer or director to resign at the request of another person and the above-named officer and director is not acting on behalf of nor will act at the direction of any other person.
Ms. Hunter is also the President and sole shareholder of four other Delaware Corporations that are filing a Form 10-SB with the United States Securities and Exchange Commission. The other four Delaware Corporations that Ms. Hunter is President of are Expedite 1, Inc., Expedite 3, Inc., Expedite 4, Inc., and Expedite 5, Inc.
CONFLICTS OF INTEREST
Ms. Hunter is the President of Expedite 1, Inc., Expedite 3, Inc., Expedite 4, Inc., and Expedite 5, Inc. As such, demands may be placed on the time of Ms. Hunter which will detract from the amount of time she is able to devote to us. Ms. Hunter intends to devote as much time to the activities of the Company as required. However, should such a conflict arise, there is no assurance that Ms. Hunter would not attend to other matters prior to those of the Company. Ms. Hunter projects that initially up to ten hours per month of her time may be spent locating a target company which amount of time would increase when the analysis of, and negotiations and consummation with, a target company are conducted.
Ms. Hunter owns 100,000 shares, of the Company's common stock. At the time of a business combination, management expects that some or all of the shares of common stock owned by Sheila Hunter, will be purchased by the target company or retired by the Company. The amount of Common Stock sold or continued to be owned by Ms. Hunter, cannot be determined at this time.
The terms of the business combination may include such terms as Ms. Hunter remaining a director or officer of the company. The terms of a business combination may provide for a payment by cash or otherwise to Sheila Hunter, for the purchase or retirement of all or part of her common stock by a target company or for services rendered incident to or following a business combination. Ms. Hunter would directly benefit from such payment. Such benefits may influence Ms. Hunter's choice of a target company.
We may agree to pay finder's fees, as appropriate and allowed, to unaffiliated persons who may bring a target company to us where that reference results in a business combination. No finder's fee of any kind will be paid by us to management or our promoters or to their associates or affiliates. No loans of any type have, or will be, made by us to management or our promoters or to any of their associates or affiliates.
We will not enter into a business combination, or acquire any assets of any kind for its securities, in which our management or any affiliates or associates have any interest, direct or indirect.
There are no binding guidelines or procedures for resolving potential conflicts of interest. Failure by management to resolve conflicts of interest in favor of us could result in liability of management to us. However, any attempt by shareholders to enforce a liability of management to us would most likely be prohibitively expensive and time consuming.
CURRENT AND FUTURE BLANK CHECK COMPANIES
Our President is in the process of filing a Form 10SB for ten other blank check companies, and may be in the future, an officer, director and/or beneficial shareholder of other blank check companies. The initial business purpose of each of these companies was or is to engage in a business combination with an unidentified company or companies and each were or will be classified as a blank check company until completion of a business combination. The following chart summarizes certain information concerning blank check companies with which our President is or has been involved whose registration statements are effective as of the date hereof. In most instances that a business combination is transacted with one of these companies, it is required to file a current Report on Form 8-K describing the transaction. Reference is made to the Form 8-K filed for any company listed below for detailed information concerning the business combination entered into by that company.
Expedite 2 Inc · 10SB12G · On 10/22/07
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