Item 8.01 Other Events.

On June 1, 2012, the Company issued a press release announcing that it had retained Nixon & Vanderhye P.C. to support the Company's strategy to monetize intellectual property and that it had closed on its previously announced transactions resulting in the sale of $3.5 million of senior secured convertible notes (and associated warrants), and the purchase of U.S. Patent #7,892,088. A copy of the related press release is attached as Exhibit 99.1 hereto and incorporated by reference in response to this Item 8.01.