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.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.