Insider buying

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DABOSS

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Insider buying

posted on Jul 01, 2008 06:28AM

One officer/director of the Company, Mr. Robert Putnam purchased for cash an aggregate of $100,000 of this placement and was issued 10,000 shares of Series AA Stock and 1,000,000 Warrants on the same terms as unaffiliated Investors.

The Company received gross cash proceeds from this financing of $700,000 and the balance of $50,000 was paid through conversion of debt. The Company paid no placement fees. The Company expects to use the net proceeds of the financing for debt and vendor payments and for working capital purposes to support its business.

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