ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT

On July 19, 2016, the Registrant reported in Form 8-K that a Change in Control occurred on July 19, 2016, due to Company's largest shareholder, President and CEO, Jerome Mahoney, selling 761,922 shares of the Company's 3% Series A Preferred Stock (the "Preferred Stock") to the Mina Mar Group, Inc (c/o Miro Zecevic). Such shares represent 100% of the Company's total issued and outstanding shares of 3% Series A Preferred stock.

However, the actual date of the Change of Control was August 1, 2016. This was the date that the Company's Amendment to the Certificate of Incorporation was accepted by the State of New Jersey (the "Amendment"). This Amendment provided voting rights to the holders of the Preferred Stock, thereby triggering a Change in Control of the Registrant.

Additionally, the original Form 8-K stated that the Mina Mar Group, Inc (c/o Miro Zecevic), purchased the Preferred Stock from Mr. Mahoney. This was incorrect. Instead, the Preferred Stock was purchased by Miro Zecevic.

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