Annual report pursuant to section 13 and 15(d)

NOTE 16 - SUBSEQUENT EVENT

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NOTE 16 - SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2011
Subsequent Events [Text Block]
NOTE 16 – SUBSEQUENT EVENT

Series A Preferred Stock - Conversion

In 2012, each holder of the Series A Preferred Stock converted into approximately 1,193,000 shares of Class A Common Stock, which resulted in a total aggregated issuance of approximately 2,386,000

Letter of Intent – HighTower, Inc.

On March 26, 2012, the Company signed a letter of intent to acquire the assets of HighTower, Inc., a leading Chicago-based reseller of Sage Software products. It is anticipated that the transaction, which is subject to the signing of definitive agreements and customary closing conditions, will close within the next 30 days.  The final terms of the agreement are being finalized.