The Management Committee of 7123000 and the Board of directors would like to clarify the situation regarding the buyout of ATCT.
The situation in summary is, the Board of Directors of ATCT will attend meetings in Bangkok Thailand to conduct a due diligence of 7123000.
If they are satisfied ATCT will merge operations before the end of October.
Open the merger the 7123000 Founders will make a public offer for all outstanding stock in ATCT at 7c per share.
The 7123000 Shareholders already constitute a Majority Share Holding in the Company ATCT.
Operations of the company will be centered in Bangkok Thailand or Mainland China pending negotiations with Thai Officials in relation to the streamlining of Visa processes for Senior
Management and IT Staff , this will be concluded Friday morning at a 9am meeting between 7123000 and Thai Immigration. This factor has slowed the roll out of operations somewhat, however
an alternate location in mainland China has already been identified. Given the operation will ultimately be employing
Large numbers of people it is an important the company has established the parameters of all local issues.
7123000 would have acquired a controlling stake in the Groups Philippine based IT Solutions Company by the 21st of September.
7123000 has already made substantial progress and investment to becoming a user friendly alternative to other major VoIP and Instant Messaging providers, the platform developed and being
developed in conjunction with Eyeball Networks has greater applications, both Commercial and educational than any other current product on the market.