Fred DaSilva acquired 62.67% stake in National Asset Recovery Corp. (OTCPK:REPO) from Bradley Wilson and William A. Glynn for $0.2 million in cash on March 23, 2012. Fred DaSilva acquired 95 million shares from Bradley Wilson and William A. Glynn. The consideration will be paid after 6 months, September 22, 2012, if Fred DaSilva fails to pay the consideration, shares acquired will be returned back to Bradley Wilson and William A. Glynn. Bradley Wilson will continue to serve as Chairman for Board of Directors, William A. Glynn will continue to serve as a Director and Fred DaSilva was appointed as a Director and will also serve as President of Directors of National Asset Recovery Corp. K. Michael Swann of Snyderburn, Rishoi & Swann, LLP acted as legal advisor for Bradley Wilson and William A. Glynn. Fred DaSilva completed the acquisition of 62.67% stake in National Asset Recovery Corp. (OTCPK:REPO) from Bradley Wilson and William A. Glynn on March 23, 2012.