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On May 12, 2011, the Company's Board appointed Alexander Holtermann to serve as the Company's Chief Executive Officer and as a member of the Board, effective as of May 12, 2011. There are no arrangements or understandings between Mr. Holtermann and any other person pursuant to which he was selected to serve as an officer or director.

Mr. Holtermann has worked in financial markets in Europe for the past seventeen years, focusing primarily on investor and public relations, and has organized a number of initial public offerings and secondary listings of companies on German stock exchanges. Since 2005, Mr. Holtermann has specialized in Asian public markets, focusing primarily on Hong Kong. Mr. Holtermann is the founder and sole proprietor of Asian Capital & Equity Ltd., a Hong Kong based financial markets related advisory firm he established in 2007. Mr. Holtermann serves as a member of the board of directors of two public companies, Mayfair Mining & Minerals Inc., and Aldridge Minerals Corp., and has served as the managing director of Metro Fame Properties Ltd. ("Metro Fame") since April 2010. Since 1999, he has also served as the Honorary Consul of Belize.

There are no family relationships between Mr. Holtermann and any director, executive officer or director or executive officer nominee of the Company. There is no material plan, contract or arrangement to which Mr. Holtermann is a party or in which he participates that was entered into in connection with his appointment as Chief Executive Officer and member of the Board.

On October 25, 2010, the Company entered into an agreement with Metro Fame, an investment firm, pursuant to which the Company purchased all of the assets of Metro Fame's online business-to-business opt-in engine, aixi.net, in exchange for 1,495,585 shares of the Company's common stock. As managing director, Mr. Holtermann received 1% of the shares of the Company's common stock held by Metro Fame, or 14,955 shares. There has been no other transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which Mr. Holtermann and the Company were or are to be a participant and the amount involved exceeds $120,000.
 
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Autor (Datum des Eintrages): ooy  (28.05.11 12:13:14)
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