To: rrufff who wrote (29 ) 7/23/2006 4:48:42 PM From: peter michaelson Read Replies (1) | Respond to of 4624 Hi rrufff: I have trouble deciphering just what the claim is. On the one hand there is a Press Release saying: "CVSU would like to announce the signing of a Global Funding agreement with Ismet Paez of The Caracas Group. The funding agreement brings 500 Million United States Dollar denominated Global, Bonds on the Republic of Venezuela with a 13.625% annual coupon, to CVSU's financials." (i can find nothing about any 'Ismet Paez') On the other hand, on the Paltalk audio meeting, Harris stated something about Receivables from some government lawsuit in Washington State. I'm waiting for a transcript of the call. KENNESAW, Ga., April 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU) announces that during the SB-2 filing process the following current events have taken place. CVSU would like to announce the signing of a Global Funding agreement with Ismet Paez of The Caracas Group. The funding agreement brings 500 Million United States Dollar denominated Global, Bonds on the Republic of Venezuela with a 13.625% annual coupon, to CVSU's financials. The bond has been loaded in the Euroclear system with the following codes: ISIN Number: US922646AT10 Common Code: 008975540 CUSIP: 922646AT1 BB Registration: A-989/08/01 to A-989/08/19 The bond also trades under symbol (VEZD) on the Deutsche Borse Frankfort market. "We have been working diligently toward Hypothecation of the Bonds for liquidly. We have received written pre-approval for a credit line on the bonds and are in the final phases of execution. This process is very important to the launch of CVSU's business model for the funding of the projects and Asset Backed Security (ABS) origination," stated Ben F. Stanley, COO. "The Board of directors has decided to complete the Credit facility prior to filing the SB-2; we feel that the addition of this asset is beneficial to the shareholders value," stated Rufus Paul Harris, CEO.