The Company was incorporated on February 28, 1989, in and under the laws of the state of Delaware. At the time of our incorporation we were engaged in the self-service public fax machine business. Since November 1993 through August 10, 2006, the Company had been engaged in the Business of owning, leasing and operating coin and debit card pay-per copy photocopy machines, fax machines microfilm reader-printers and accessory equipment. Due to the increased use of internet services, demand for the services provided by the Company had declined sharply, and on August 10, 2006, the Board of Directors of the Company therefore decided to discontinue its operations and eliminate all of its debt. In connection therewith, on August 10, 2006, the Company entered into, and consummated, that certain Asset Transfer and Debt Resolution Agreement with Irwin A. Horowitz, the then Company's chief executive officer, director and controlling stockholder ("Horowitz"), whereby the Company transfer all of its asserts to Horowitz in exchange the forgiveness of debt and liabilities of the Company, which consisted of loans plus accrued interest thereon and unpaid compensation, owed to Horowitz.