|
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.
|