On December 24, 2008, the Company issued to Hayden Communications International, Inc. three-year warrants to purchase 8,333 shares of the Company's common stock at $3.0 per share and three-year warrants to purchase 8,333 shares of the Company's common stock at $3.5 per share. The Company issued these warrants as part of the equity compensation under the Investor Relations Consulting Agreement entered into between the Company and Hayden Communications International, Inc.

All the warrants described above were issued in reliance upon the exemption from registration under the Securities Act 1933 (the "Act") provided by Section 4(2) thereof and Rule 506 thereunder and exemptions from registration under applicable state securities laws.

(c) Exhibits:

    EXHIBIT NO.            DESCRIPTION
    10.1                   Form of Warrant  issued to Hayden  Communications
                           International, Inc. ($3.0 per share)
    10.2                   Form of Warrant  issued to Hayden  Communications
                           International, Inc. ($3.5 per share)