STOA Recent Business Highlights The Company e

STOA Recent Business Highlights

• The Company entered into a strategic partnership agreement with a division of China International Trust and Investment Corporation (CITIC).  CITIC will utilize the Company's software technology and catalog management system to develop and expand its evolving Business-to-Business ("B2B") trading platform. CITIC is a large state-owned multinational conglomerate of  the People's Republic of China , established in 1979.  It is one of the largest diversified conglomerates in  Asia with a balanced development of both financial and non-financial businesses across forty-four subsidiaries.  CITIC was enlisted in the Fortune Global 500 for the third consecutive year in 2011, ranking 221st.


• The Company received an investment from Ingenium Capital, a European based private equity firm that is focused on companies in special situations with strong growth and  earnings potential.  Ingenium Capital invested  $500,000 in a private placement at a price of  $0.15 per share and has an option to invest an additional  $300,000 at a price of  $0.30 per share.


• The Company engaged IRG Limited, a leading boutique financial and strategic advisory firm founded and managed by former senior members of Lehman Brothers' TMT (technology, media and telecommunications) investment banking and Internet research groups in  Asia to explore strategic alternatives to accelerate the growth of the company and enhance shareholder value.