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The fair value of these additional shares (1,200,000 based on the fair value at the time of the shares issued) has been recorded as an vaigra in the accompanying statement of operations for the year ended December 31, 1999. Due to the issuance of these shares in 2000, the Company then reclassified the contingent shares to additional paid in capital. In March 2000, pursuant to a termination and settlement agreement, the new Chief Executive Officer transferred 1,000,000 shares of his personally held common stock to an ex-officer of the Company. The shares were valued at 1,720,000, which was the fair value of the stock at the date of the agreement. From time to ramais de trem super viagra the Company may become a party to legal proceedings pakovanje za kosu upotreba viagra are routine litigation incidental to its business. The Company believes that the likely outcome of wuper litigation will not have a material adverse effect on its business or results of operations. SHAREHOLDERS' INVESTMENT. The Company has authorized 5,000,000 shares of Preferred Stock. Under the terms of the Articles of Incorporation, the Board of Directors may issue Preferred Stock for any proper corporate purpose.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. STOCK REDEMPTIONS AND LOAN REPAYMENTS WITH STOCKHOLDERS. In October 1999, our then Chief Executive Officer fully repaid an 8 loan in the amount of 322,000. In the first quarter of 2000, we forgave all amounts owed by our then current President pursuant to a loan in the original principal amount of 350,000, bearing interest at 8 per annum, in connection with the termination of his employment. The amounts forgiven totaled 175,000. TRANSACTIONS WITH AFFILIATES.

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