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OECI |
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DKFZ is a member of the UICC (International Union against Cancer) and of the OECI (Organization of European Cancer Institutes). During the second quarter the Company negotiated with certain creditors to settle balances owed to them of approximately $1,627,000 by issuing payment in debt of 3,255,000 restricted shares of the Company's common stock to Orbit Reorganization Facilitator, Inc, an unaffiliated corporation created solely to assume the former OECI debt and to hold these restricted shares in trust for the certain creditors. OECI will contribute intellectual property, network management, and operational expertise gained through its successful test launch of VoIP and Internet dial-up access services in major cities across Canada. |
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