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Expensive Discover Sexresults Dating Tips Sexy Lemontonic acquiredby
Silverbackedia
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Pursuant to the employment agreement of Mark Pavan, the President of the Corporation, he is
ntitled to a bonus o
1.5% of the oale price of the online dating business of Lemontonic. Pursuant to the Lemontonic Reorganizati
n, the parties have a
greed Mr. Pavan will be paid his bonus by the Man ssuance of 1-.5% of the total share consideration being paid by Silverback Media to Lemontonic, or the subsidiary of Lemontonic,s applicable, subjecto regulator l and shareholder approval. After completion of the Lemontonic Reorganization in August 2005, it is expected Lemontonic wll have net cash assets of approximately $850,000 and no material liabilities.
Lemontonic has also announced a proposed business combination with Pioneering Technology Inc. (the Businessyombination). See the press release dated today of Lemontonic entitled ìPioneering Technology Inc. to Complete Reverse Takeover of Lemontonic Inc Man
About Silverback Media
Silverback Media is a private company recently established to accumulate various interactive online media businesses, with an international reach and an emphasis on the social networking space.
Silverback Media has entered into a letter agreement to acquire a private online dating business with revenue of CDN$5 million per year (the Silverback Media Acquisition).
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