As disclosed in the proxy statement ("Proxy") that has been filed with the Securities and Exchange Commission, the purpose of the meeting will be to authorize the the Board of Directors to potentially implement a reverse stock split of the Company's common stock in any ratio up to 1:100.

The Board of Directors recommends approval of this resolution. As previously disclosed in the Proxy, if our stockholders do not adopt the reverse stock split resolution, it will constitute an event of default under the provisions of the convertible debt financing announced on April 2, 2009, which the Board believes will potentially result in serious and negative consequences for stockholders that are outlined in the Proxy

已在证券交易委员会存档的委托代理声明指出，会议的目的是授权董事会，以不高于1:100的任何比率，对该公司的普通股股票实施反向股票分割。

董事会建议批准这项决议。正如先前委托代理声明所指出，如果我们的股东不接受反向股票分割的决议，根据2009年4月2日发布的可转换债券融资条款，将构成违约事件（是否翻成违约事件，要看provisions of the convertible debt financing 里怎样规定的），如委托代理声明所述，董事会认为有可能给股东带来严重的和负面的后果。