To: Jeffrey S. Mitchell who wrote (1747 ) 1/12/2006 3:06:28 AM From: scion Respond to of 12518 I wonder what Gary Bals thought while watching that happening.Laser Engineering, which Wicklund acquired, was a real company that did $20M a year. In fact, Laser's client list, found in Wicklund's filings, is quite impressive and IMO very credible. Yet, as we know, that company was run right into bankruptcy in short order. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On October 15, 1998, Wicklund Holding Company ("WHC") acquired all of the outstanding capital stock of Laser Engineering, Inc., a Florida corporation ("Laser"), based in Pompano Beach, Florida. Laser is a construction-contractor in the business of real estate site development. The purchase price was $200,000 in cash, paid in the form of WHC's promissory note payable 3 months from the completion of a new line of credit for approximately $1,400,000 which shall be applied for in the near future, without interest, and a $300,000 cash bonus, both of which are to be paid over time, plus 1,960,784 shares of WHC common stock prior to a contemplated .1448 for 1 reverse split therefor, which will be 283,922 shares after the reverse split. Laser's principal construction assets consist largely of heavy equipment. The assets were acquired from Gary G. Bal and his wife, Debra A. Bal, Laser's past president. Mr. Bal will remain on staff as Laser's Vice President, Secretary and Treasurer. James N. Turek succeeded Mr. Bal, who has become Vice President of WHC. For its most recent fiscal year ended on September 30, 1998, Laser's annual revenue was approximately $18,430,000 and its net income was approximately $300,000 on an unadutied (sic)basis. pinksheets.com