Gary ackles sold tigerlynk to aqci/valor energy in

Gary ackles sold tigerlynk to aqci/valor energy in 2006......"During October of 2006 the Company acquired all rights, title and interest to the patented TigerLynk manipulator system from Gary Ackles (“Ackles”), former CEO of the Company. ".......In 2008 aqci/valor energy sold the tigerlynk to hirs, a wholly owned subsudary of himr....."On February 26, 2008, the Company finalized an agreement to sell all rights, title and interest in the Tiger-Lynk technology to Hollund Industrial Robotics Systems Inc, a privately held Canadian company (HIRS). The agreement with HIRS includes the mechanical arm assembly stored at the Company's participating manufacturing facility in Kamloops British Columbia. Terms of the sale were finalized on February 20, 2008. Those terms include the Company being relinquished of all prior commitments in royalties and stock made to Gary Ackles and the Company receiving $314,000 from HIRS, comprised of a $64,000 in deposits already paid and 10 equal payments of $25,000, commencing March 1, 2008 and finishing December 1, 2008. "..... And here we are to this date.


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