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ACQUISITION OF AMPLERISSIMO LTD.
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 3 - ACQUISITION OF AMPLERISSIMO LTD.

Under the Exchange Agreement, the Registrant completed the acquisition of all of the issued and outstanding shares of Amplerissimo through the issuance of 100,000,000 restricted shares of Common Stock to Dimitrios Goulielmos, sole shareholder of Amplerissimo. Immediately prior to the Exchange Agreement transaction, the Registrant had 25,585,532 shares of Common Stock issued and outstanding. Immediately after the issuance of the shares to Dimitrios Goulielmos, sole shareholder of Amplerissimo, the Registrant had 125,585,532 shares of Common Stock issued and outstanding.

 

The consideration provided pursuant to the Exchange Agreement was the issuance of 100,000,000 shares of our common stock.

 

As part of the merger, the Company inherited 240,000 options to purchase the common stock of the Company at $0.10. The options expire on January 5, 2017.

 

The Company acquired cash totaling $18,148 in the merger. The liabilities assumed, including accrued director salaries discussed in Note 7 and accrued costs to GreenEra Ltd. discussed in Note 6, net of the cash acquired totaled $313,814.