Business Description
Since the new management took over the company’s control on March 13,
2014, from S. Douglas Henderson, former CEO, it has remained focused in developing
the solar energy business along with pharmaceutical (skin care product line),
neither one of which has produced any revenues. However, the management continued
its efforts to deploy “Solar Well” operation in India and Pakistan,
due to economic instability no contract could be concluded.
Concurrent to the above efforts, a few prospects had shown keen interest in
promotion of HYGIENiQ to the automotive industry. Approx.35% of the inventory
was sold and paid for during the first quarter of 2016.
Upon taking over, the Company appointed Ferdinando (Fred) Ferrara as a Director
and Sabir Saleem as CEO. There was no family relationship or other relationship
between the Seller and the Purchaser.
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