On April 24, 2008, at a Board of Directors meeting, Marcus Segal resigned as the Registrant's Sole Executive Officer and as a Director of the Registrant while agreeing to remain as a consultant to the Registrant until May 15, 2008 for a fee of $7,000.00. Mr. Segal advised the Board that he wished to pursue other business endeavors. Mr. Segal has been provided with a copy of the Form 8-K and advised that he may provide Registrant with a letter stating whether or not he agrees with the statements made in this Form 8-K.

To replace Mr. Segal on the Registrant's Board of Directors, Evgeny Belchenko was appointed to the Board to be the Chairman of the Board. To replace Mr. Segal as Chief Executive Officer, F. Bryson Farrill, currently a Director of the Registrant, was appointed Chief Executive Officer.

Mr. Belchenko may be considered to be the controlling shareholder of the Registrant, as he owns 15,000,000 shares, approximately 26.7%, of the Registrant's issued and outstanding common stock.

Mr. Belchenko, has advised the Registrant of his recent biography, and it follows below.

Evgeny L. Belchenko, age 53, has been the General Director of UniverCompany LLC, that has been acquired by the Registrant, since December 2005. From 1999 to 2003, Mr. Belchenko was the Chairman of the Board of Directors of Severnye Rudnye Technologii, Closed Joint-Stock Company ("Severnye"), that specialized in exploration and mining of mineral resources, including gold, in Russia. From 2003 until joining UniverCompany LLC, Mr. Belchenko had been the General Director of Severnye.

Additionally, at that same meeting, the Registrant awarded the following stock grants, in recognition of the recipients services to the Registrant.

                    Name             Number of Shares Granted

                    Marcus Segal             200,000
                    F. Bryon Farrill          75,000
                    Keith Minty               25,000