.

A.   History

PNG Ventures, Inc., (“PNG” or the “Registrant” which is sometime referred to as “We”, “Us”, “Our” and the “Company” whenever practical) was first incorporated in the State of Nevada on June 23, 1995, as Telecommunications Technologies, Ltd. (“TTL”).

On December 31, 1995, we formalized a plan of reorganization and tender to and for the shareholders of Temple Summit Management Corporation (“Temple Summit”) whereby we acquired all the assets of Temple Summit, and by...