InterMetro Communications Inc. (IMTO)

Lucy’s Cafe, Inc. was incorporated in the State of Nevada on October 30, 2000 to acquire and operate Lucy’s Place, a restaurant located in downtown Sacramento, California. On March 13, 2001 we acquired Lucy’s Place for $103,079 in cash. In June 2004, the Company entered a Bill of Sale with Sil Kim and Yun Ae Kim, both unrelated parties, under which Lucy’s agreed to sell the inventory, fixtures, equipment, and Lucy’s Cafe business name. As consideration, the manager of the restaurant entered into a Covenant Not to Compete and the buyer agreed to pay $80,000, which was placed in escrow and was subsequently released to Lucy’s on August 14, 2004. The sale...