Item 10.01 Entry into a Material Definitive Agreement

The Company has entered into an agreement with Premier Trade Solutions, Inc. ("Premier"), for that company to provide working capital through accounts receivable financing. The fee on the facility, which is based on customer receivables purchased by Premier, will be 1.75% of the gross invoice amount for the first 30 day period from the date of invoice purchase to the date of repayment with an additional fee of 0.07% charged for each day thereafter until paid in full. There is no specified credit limit under the facility with aggregate amounts advanced based on customer receivables deemed acceptable by Premier. The agreement may be terminated by either party upon 30 day written notice. The facility is secured by all assets of the Company.

Item 9.01 EXHIBITS

(C) Exhibit

10.47 Form of Account Purchase Agreement

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