Maryland
|
No.
84-1522846
|
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification No.)
|
|
6040
Upshaw Dr. #105
Humble,
Texas
|
77396
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Title
of Each Class
|
Name
of Each Exchange on Which Registered
|
|
None
|
None
|
Common
Stock, par value $.001 per share
|
(Title
of Class)
|
(Title
of
Class)
|
Large
accelerated filer
|
o |
Accelerated
filer
|
o |
Non-accelerated
filer
(Do
not check if a smaller reporting company)
|
o |
Smaller
reporting company
|
x |
PART
I
|
|
|
4
|
||
13
|
||
20
|
||
20
|
||
21
|
||
PART
II
|
|
|
21
|
||
22
|
||
23
|
||
26
|
||
26
|
||
26
|
||
26
|
||
26
|
||
27
|
||
PART
III
|
|
|
27
|
||
30
|
||
31
|
||
32
|
||
33
|
||
33
|
·
|
the
availability and adequacy of our cash flow to meet our
requirements;
|
·
|
economic,
competitive, demographic, business and other conditions in our local and
regional markets;
|
·
|
changes
or developments in laws, regulations or taxes in the renewable energy
industries;
|
·
|
actions
taken or not taken by third-parties, including our competitors, as well as
legislative, regulatory, judicial and other governmental
authorities;
|
·
|
competition
in the renewable energy industry;
|
·
|
the
failure to obtain or loss of any license or
permit;
|
·
|
the
cyclical nature of the energy industry, and therefore any downturns in
this cyclical industry could adversely affect
operations;
|
·
|
the
energy-related industry that we service is heavily regulated and the costs
associated with such regulated industries increases the costs of doing
business;
|
·
|
the
ability to carry out our business plan and to manage our growth
effectively and efficiently;
|
·
|
the
failure to manage any foreign exchange risk
adequately;
|
·
|
a
general economic downturn or a downturn in the securities markets;
and
|
·
|
risks
and uncertainties described in the Risk Factors section or elsewhere in
this Annual Report on Form 10-K.
|
·
|
the
AirPump™ that utilizes Vortex technology to efficiently separate waste and
recover carbon from extracted material;
and
|
·
|
a
hybrid steam gasifier, the G2G Steam Reformer, a world’s first in
gasification technology.
|
·
|
research
and development of new
technologies;
|
·
|
international
joint-ventures to develop waste-to-energy
projects;
|
·
|
offering
technology and services for environmental ash cleanup
operations;
|
·
|
expanding
into renewable energy production;
and
|
·
|
seeking
public financing for projects in the green energy
sector.
|
·
|
in
contrast to incineration, gasification is a cleaner process, with higher
carbon conversion efficiency;
|
·
|
in
the absence of oxygen, minimal nitrogen and sulfur emissions are
produced;
|
·
|
emissions
are controlled by scrubbing to remove
contaminants;
|
·
|
gasification
plants are quicker and less expensive to build than incinerators;
and
|
·
|
the
resulting syngas can be used directly to power gas engines (and
potentially hydrogen fuel cells) or be catalytically converted to liquid
hydrocarbon fuel such as kerosene or
diesel.
|
·
|
eliminate
9,000 truckloads of MSW per year from
landfill;
|
·
|
produce
10,000,000 gallons of fuel from MSW and industrial waste
products;
|
·
|
reduce
collateral greenhouse gas emissions at landfill sites;
and
|
·
|
reduce
vehicle emissions from transportation of waste material to
landfills.
|
·
|
We
are studying a plan to acquire a former shrimp farm in Texas for algae
production. For now, the infrastructure modification costs seem
too high and the undertaking may be too much of a distraction from GCE’s
core business. However, from our head office in Houston, GCE
will continue to monitor relevant developments in biomass production and
preparation and will apprise us of financing opportunities with local
bodies to set up operations in the city’s renewable energy
park;
|
·
|
We
plan to commercial license the AirPump™ to expedite deployment across a
range of industries and generate seed revenue for other
projects;
|
·
|
We
intend to continue exploratory discussions with a motivated third-party to
design and build mobile gasification testing
units;
|
·
|
We
hope to complete a scaled-up design of a 100-200 ton stackable
gasification unit for manufacturing by
2013;
|
·
|
We
anticipate developing working relationships with representative bodies and
associations of industries that would most benefit from our two core
technologies;
|
·
|
We
plan to advance education at all levels of government about gasification
and vortex pump technology to facilitate technically-informed
budgetary/funding decisions;
|
·
|
We
intend to create working partnerships with waste preparation, engineering,
construction, and recycling companies to secure a position in the first
wave of the emerging MSW industry;
and
|
·
|
We
hope to expand GCE’s presence in the research and development cycle of
universities and research centers in Canada, the U.S. and
overseas.
|
Average
|
||||||||||||||||
2002
|
2010
|
2020
|
Annual
%
|
|||||||||||||
Coal
|
2,389
|
2,763
|
3,139
|
1.5
|
%
|
|||||||||||
Oil
|
3,676
|
4,308
|
5,074
|
1.6
|
%
|
|||||||||||
Gas
|
2,190
|
2,703
|
3,451
|
2.3
|
%
|
|||||||||||
Nuclear
|
692
|
778
|
776
|
0.4
|
%
|
|||||||||||
Hydro
|
224
|
276
|
321
|
1.8
|
%
|
|||||||||||
Biomass
and Waste
|
1,119
|
1,264
|
1,428
|
1.3
|
%
|
|||||||||||
Other
Renewables
|
55
|
101
|
162
|
5.7
|
%
|
|||||||||||
Total
|
10,345
|
12,194
|
14,404
|
1.7
|
%
|
·
|
performance,
reliability and cost-effectiveness of gasification / PSR technology
compared to conventional and other alternative energy sources and
products;
|
·
|
developments
relating to other alternative energy generation
technologies;
|
·
|
fluctuations
in economic and market conditions that affect the cost or viability of
conventional and alternative energy sources, such as increases or
decreases in the prices of oil and other fossil
fuels;
|
·
|
overall
growth in the alternative energy equipment
market;
|
·
|
availability
and terms of government subsidies and incentives to support the
development of alternative energy sources, including gasification /
PSR;
|
·
|
fluctuations
in capital expenditures by utilities and independent power producers,
which tend to decrease when the economy slows and interest rates increase;
and
|
·
|
the
development of new and profitable applications requiring the type of
energy supply provided by our autonomous gasification / PSR
systems.
|
·
|
changes
in general economic and political conditions in the countries in which we
operate;
|
·
|
unexpected
adverse changes in foreign laws or regulatory requirements, including
those with respect to renewable energy, environmental protection,
permitting, export duties and
quotas;
|
·
|
trade
barriers such as export requirements, tariffs, taxes and other
restrictions and expenses, which could increase the prices of our BOO
plants and make us less competitive in some
countries;
|
·
|
fluctuations
in exchange rates may affect demand for our BOO plants and may adversely
affect our profitability in US dollars to the extent the price of our BOO
plants and cost of raw materials and labor are denominated in a foreign
currency;
|
·
|
difficulty
with staffing and managing widespread
operations;
|
·
|
difficulty
of, and costs relating to compliance with, the different commercial and
legal requirements of the overseas markets in which we offer and sell our
BOO plants;
|
·
|
inability
to obtain, maintain or enforce intellectual property rights;
and
|
·
|
difficulty
in enforcing agreements in foreign legal
systems.
|
·
|
delays
in permitting or acquiring necessary regulatory
consents;
|
·
|
delays
in the timing of contract awards and determinations of work
scope;
|
·
|
delays
in funding for or construction of BOO
plants;
|
·
|
changes
in cost estimates relating to BOO plant completion, which under percentage
of completion accounting principles could lead to significant charges to
previously recognized revenue or to changes in the timing of our
recognition of revenue from those
projects;
|
·
|
delays
in meeting specified contractual milestones or other performance criteria
under project contracts or in completing project contracts that could
delay the recognition of revenue that would otherwise be
earned;
|
·
|
reductions
in the availability or level of subsidies and incentives for alternative
energy sources;
|
·
|
decisions
made by parties with whom we have commercial relationships not to proceed
with anticipated projects;
|
·
|
increases
in the length of our sales cycle;
and
|
·
|
reductions
in the efficiency of our construction and/or operations
processes.
|
·
|
Control
of the market for the security by one or a few broker-dealers that are
often related to the promoter or
issuer;
|
·
|
Manipulation
of prices through prearranged matching of purchases and sales and false
and misleading press releases;
|
·
|
“Boiler
room” practices involving high pressure sales tactics and unrealistic
price projections by inexperienced sales
persons;
|
·
|
Excessive
and undisclosed bid-ask differentials and markups by selling
broker-dealers; and
|
·
|
The
wholesale dumping of the same securities by promoters and broker-dealers
after prices have been manipulated to a desired level, along with the
inevitable collapse of those prices with consequent investor
losses.
|
Fiscal
Year
|
||||||||||
ended
December 31
|
Quarter
|
High
|
Low
|
|||||||
2008
|
Fourth
Quarter
(from October 3, 2008)
|
$ | 1.50 | $ | .10 | |||||
2009
|
First
Quarter
|
$ | .25 | .05 | ||||||
Second
Quarter
|
.41 | .09 | ||||||||
Third
Quarter
|
.20 | .04 | ||||||||
Fourth
Quarter
|
.10 | .04 | ||||||||
2010
|
First
Quarter
(through April 13, 2010) |
$ | .17 | .06 |
Number
of
|
||||||||||||
securities
|
||||||||||||
remaining
|
||||||||||||
available
for
|
||||||||||||
Number
of
|
future
issuance
|
|||||||||||
securities
to be
|
Weighted
|
under
equity
|
||||||||||
issued
upon
|
average
|
compensation
|
||||||||||
exercise
|
exercise
price of
|
plans
|
||||||||||
of
outstanding
|
outstanding
|
(excluding
|
||||||||||
options,
|
options,
|
securities
|
||||||||||
warrants
|
warrants
|
reflected
in
|
||||||||||
Plan category
|
and rights (a)
|
and rights (b)
|
column (a)) (c)
|
|||||||||
Equity
compensation plans approved by
|
||||||||||||
security
holders
|
||||||||||||
2007
EMPLOYEE STOCK COMPENSATION
|
||||||||||||
PLAN
|
2,250,000 | 255,750 | 2,750,000 | |||||||||
Equity
compensation plans not approved by
|
||||||||||||
security
holders
|
||||||||||||
NONE
|
N/A | N/A | N/A | |||||||||
Total
|
2,250,000 | 255,750 | 2,750,000 |
·
|
our
ability to complete construction of our BOO plants; the projected growth
or contraction in the energy markets in which we will
operate;
|
·
|
fluctuations
in the market price of primary outputs from our BOO plants, including
syngas, methanol and ethanol;
|
·
|
our
business strategy for expanding, maintaining or contracting our presence
in this market;
|
·
|
our
ability to obtain the necessary capital at a reasonable cost in order to
finance our initiatives;
|
·
|
anticipated
trends in our financial condition and results of
operations;
|
·
|
our
ability to distinguish ourselves from our current and future
competitors;
|
·
|
changes
in or elimination of laws, tariffs, trade or other controls or enforcement
practices such as:
|
·
|
national,
state or local energy policy;
|
·
|
federal
ethanol tax incentives;
|
·
|
regulation
currently under consideration pursuant to the passage of the Energy Policy
Act of 2005, which contains a renewable fuel standard and other
legislation mandating the usage of ethanol or other oxygenate additives;
state and federal regulation restricting or banning the use of Methyl
Tertiary Butyl Ether, or MTBE, a fuel derived from
methanol;
|
·
|
environmental
laws and regulations applicable to our operations and the enforcement
thereof; and
|
·
|
regulations
related to homeland security;
|
·
|
changes
in weather and general economic
conditions;
|
·
|
overcapacity
within the ethanol and petroleum production and refining
industries;
|
·
|
total
United States consumption of
gasoline;
|
·
|
availability
and costs of products and raw
materials
|
·
|
labor
relations; fluctuations in petroleum
prices;
|
·
|
our
or our employees’ failure to comply with applicable laws and
regulations;
|
·
|
our
ability to generate free cash flow to invest in our business and service
our indebtedness; limitations and restrictions contained in the
instruments and agreements governing our
indebtedness;
|
·
|
our
ability to raise additional capital and secure additional
financing;
|
·
|
changes
in interest rates;
|
·
|
our
ability to hire and retain key
employees;
|
·
|
liability
resulting from actual or potential future litigation;
competition;
|
·
|
plant
shutdowns or disruptions at our plant or plants whose products we will
market;
|
·
|
availability
of shuttle trains, rail cars and trucks; risks regarding a loss of or
substantial decrease in purchases by our major
customers;
|
·
|
risks
related to hedging decisions, including whether or not to enter into
hedging arrangements and the possibility of financial losses related to
hedging arrangements; and
|
·
|
risks
related to diverting management’s attention from ongoing business
operations.
|
·
|
obtain
additional operating capital from joint venture partnerships, debt
financing or equity financing to fund ongoing operations and the
development of BOO plants in Canada and North
America;
|
·
|
as
available and as applicable to our business plans, apply for public
funding to leverage the private capital we may
raise;
|
·
|
actively
pursue mergers, acquisitions and joint ventures to increase shareholder
value; and
|
·
|
move
quickly to secure additional opportunities to develop and operate
state-of-the-art waste-to-energy plants for clients with long-term waste
disposal and/or energy supply
needs.
|
·
|
Pertain
to the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of our
assets;
|
·
|
Provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles, and that our receipts and expenditures are being
made only in accordance with authorizations by our management and/or
directors; and
|
·
|
Provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have
a material effect on the financial
statements.
|
Name
|
Age
|
Position(s)
with the Company
|
||||
Gerald
Enloe
|
61
|
Chairman
of the Board
|
||||
Earl
Azimov
|
47
|
President,
Chief Executive Officer and Director
|
||||
Kenneth
S. Adessky
|
46
|
Chief
Financial Officer, Secretary and Director
|
||||
Paul
Whitton
|
64
|
Vice-President
and Director
|
Name
|
Fees
earned or
Paid in Cash |
All
other
compensation (i) |
Total
|
|||||||||
($)
|
($)
|
($)
|
||||||||||
(a)
|
(b)
|
(g)
|
(h)
|
|||||||||
Gerald
Enloe
|
0 | 0 | 0 | |||||||||
Earl
Azimov
|
0 | 0 | 0 | |||||||||
Kenneth
Adessky
|
0 | 0 | 0 | |||||||||
Paul
Whitton
|
0 | 0 | 0 |
Name
and Principal
Position
|
Year
|
Salary
(1)(2)
($)
|
Option
Grants
($)
|
All
Other
Compensation ($)
|
Total
($)
|
|||||||||||||
(a)
|
(b)
|
(c)
|
(e)
|
(f)
|
(g)
|
|||||||||||||
Earl
Azimov,
Chief Executive Officer |
2009
2008
|
$
$ |
72,000
72,000
|
--
--
|
--
|
$
$ |
72,000
72,000
|
|||||||||||
Kenneth
Adessky,
Chief Financial Officer |
2009
2008
|
$
$ |
96,000
72,000
|
$
$ |
96,000
72,000
|
|||||||||||||
Paul
Whitton,
Vice President |
2009
2008
|
$
$ |
7,000
7,000
|
$
$ |
7,000
7,000
|
ITEM
11.
|
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS
|
Name
and Address
|
Amount
& Nature
|
|||||||
of
Beneficial
|
of
Beneficial
|
Percent
|
||||||
Owner
(1)
|
Ownership
|
of
Class (2)
|
||||||
Kenneth
S. Adessky
|
9.437,500
|
24.3
|
%
|
|||||
4150
Sainte-Catherine Street W.
Suite 525
Montreal,
Quebec H3Z 2Y5
|
||||||||
Dr. Earl
Azimov
|
8,850,000
|
22.8
|
%
|
|||||
5737
Blossom
Cote
St Luc, Quebec H4W 2T2
|
||||||||
Gerald
Enloe
6040
Upshaw Dr. #105
Humble,
TX 77396
|
103,920
|
* | ||||||
Paul
Whitton
|
50,000
|
*
|
||||||
2415
Shakespeare #3
Houston,
Texas 77936
|
||||||||
All officers and directors
|
18,441,420
|
47.53
|
%
|
|||||
as
a group (3 persons)
|
(1)
|
Beneficial
ownership is determined in accordance with the Rule 13d-3(a) of the
Securities Exchange Act of 1934, as amended, and generally includes voting
or investment power with respect to securities. Except as subject to
community property laws, where applicable, the person named above has sole
voting and investment power with respect to all shares of our common stock
shown as beneficially owned by him.
|
(2)
|
The
beneficial ownership percent in the table is calculated with respect to
the number of outstanding shares 38,803,721 of the Company’s common
stock as of April 12, 2010, and each stockholder’s ownership is calculated
as the number of shares of common stock owned plus the number of shares of
common stock into which any preferred stock, warrants, options or other
convertible securities owned by that stockholder can be converted within
60 days.
|
·
|
whether
the terms of the transaction are fair to us and on the same basis as would
apply if the transaction did not involve a related
person;
|
·
|
whether
there are business reasons for us to enter into the
transaction;
|
·
|
whether
the transaction would impair the independence of an outside director;
and
|
·
|
whether
the transaction would present an improper conflict of interest for a
director or executive officer, taking into consideration such factors as
the Board deems relevant, such as the size of the transaction, the overall
financial position of the individual, the direct or indirect nature of the
individual’s interest in the transaction and the ongoing nature of any
proposed relationship.
|
Exhibit
|
||||||
Number
|
Exhibit
Description
|
|||||
2.1
|
November 7,
2007 Agreement and Plan of Merger between Newsearch, Inc. and Global Clean
Energy, Inc. (Incorporated by reference to the Company’s Current Report on
Form 8-K filed with the Commission on November 13,
2007).
|
|||||
3.1
|
Amended
and Restated Articles of Incorporation (Incorporated by reference to the
Company’s Annual Report on Form 10-KSB for the year ended December
31, 2006 filed with the Commission on May 7, 2007).
|
|||||
3.2
|
Bylaws
of Global Clean Energy, Inc. (Incorporated by reference to the Company’s
Current Report on Form 8-K filed with the Commission on
November 13, 2007).
|
|||||
4.1
|
Specimen
Common Stock Certificate (Incorporated by reference to the Company’s
Registration Statement on Form 10SB-12G filed with the Commission on
April 12, 2000).
|
|||||
4.2
|
$100,000,
7.5% Promissory Note dated January 20, 2008 payable Profit Consultants,
Inc. (Incorporated by reference to the Company’s Current Report on Form
8-K filed with the Commission on March 27, 2008).
|
|||||
4.3
|
$125,000,
7.5% Promissory Note dated April 25, 2008 payable Profit Consultants, Inc.
(Incorporated by reference to the Company’s Current Report on Form 8-K
filed with the Commission on June 30, 2008).
|
|||||
4.4
|
$145,000,
7.5% Promissory Note dated July 10, 2008, payable to Clean Energy Funding,
Inc. (Incorporated by reference to the Company’s Quarterly Report on Form
10-Q filed with the Commission on November 13, 2008).
|
|||||
4.5
|
$80,000,
7.5% Promissory Note dated August 15, 2008, payable to Vision Capital
Partners AA, Ltd. (Incorporated by reference to the Company’s Quarterly
Report on Form 10-Q filed with the Commission on November 13,
2008).
|
|||||
10.1
|
2007
Stock Incentive Plan (Incorporated by reference to the Company’s Current
Report on Form 8-K filed with the Commission on June 12,
2007).
|
|||||
10.2
|
License
Agreement dated December 15, 2006, between EnviroClean Energy
Corporation and the Company (Incorporated by reference to the Company’s
Current Report on Form 8-K filed with the Commission on
January 4, 2007).
|
|||||
10.3
|
March
27, 2008 Agreement converting the March 21, 2007 $100,000 7.5% Promissory
Note payable to Vision Capital Partners AA Ltd. into shares of the
Company’s common stock (Incorporated by reference to the Company’s
Quarterly Report on Form 10-Q filed with the Commission on May 15,
2008).
|
|||||
10.4
|
March
27, 2008 Agreement converting the August 16, 2007 $75,000 7.5% Promissory
Note payable to Profit Consultants, Inc. into shares of the Company’s
common stock (Incorporated by reference to the Company’s Quarterly Report
on Form 10-Q filed with the Commission on May 15, 2008).
|
|||||
10.5
|
March
27, 2008 Agreement converting the October 20, 2007 $75,000 7.5% Promissory
Note payable to Profit Consultants, Inc. into shares of the Company’s
common stock (Incorporated by reference to the Company’s Quarterly Report
on Form 10-Q filed with the Commission on May 15, 2008).
|
|||||
10.6
|
Memorandum
of Understanding between Global Clean Energy, Inc. and UK Coal Mining
Limited of Harworth Park, dated April 7, 2008 (Incorporated by
reference to the Company’s Current Report on Form 8-K filed with the
Commission on May 30, 2008).
|
GLOBAL
CLEAN ENERGY, INC.
|
||||
By
/s/ Kenneth S. Adessky
|
||||
Kenneth
S. Adessky
|
||||
Chief
Financial Officer
|
||||
Signature
|
Title
|
Date
|
||
/s/
Gerald Enloe
|
Director
and Chairman
|
April
15, 2010
|
||
Gerald
Enloe
|
||||
/s/Dr.
Earl Azimov
|
Director
and President
|
April
15, 2010
|
||
Dr. Earl Azimov
|
(Principal
Executive Officer)
|
|||
/s/
Kenneth S. Adessky
|
Director,
CFO and Secretary
|
April
15, 2010
|
||
Kenneth
S. Adessky
|
(Principal
Financial Officer and Principal Accounting Officer)
|
|||
/s/
Paul Whitton
|
Director
|
April
15, 2010
|
||
Paul Whitton |
Page
|
||||
Report of
Independent Registered Public Accounting Firm
|
F-1
|
|||
Financial
Statements:
|
||||
Balance
Sheet
|
F-2
|
|||
Statements of
Operations
|
F-3
|
|||
Statements of Changes in
Stockholders’ Equity
|
F-4
|
|||
Statements of Cash
Flows
|
F-5
|
|||
Notes to Financial
Statements
|
F-6
- F-10
|
Telephone
(303) 745-4545
|
2228
South Fraser Street
|
|
Unit
I
|
||
Aurora,
Colorado 80014
|
||
Year
Ended December 31,
|
||||||||
2009
|
2008
|
|||||||
Revenues
|
$ | 40,050 | ||||||
Costs
and expenses:
|
||||||||
Compensation
– officers, directors and consultants
|
$ | 92,083 | $ | 245,562 | ||||
Professional
fees
|
52,682 | 145,320 | ||||||
General
and administrative
|
40,128 | 99,221 | ||||||
Interest
and Bank Charges
|
149 | 1,744 | ||||||
Net
loss applicable to common shareholders
|
$ | (144,843 | ) | $ | (668,231 | ) | ||
Basic
and diluted net loss per common share**
|
||||||||
Weighted
average number of common shares outstanding
|
29,128,721 | 25,378,721 |
Additional
|
||||||||||||||||
Common
Stock
|
Paid-in
|
Accumulated
|
||||||||||||||
Shares
|
Amount
|
Capital
|
Deficit
|
|||||||||||||
Balances,
January 1, 2009
|
25,378,721 | $ | 25,378 | $ | 1,478,555 | (2,144,631 | ) | |||||||||
Technology
Patent Assignment
|
1,000,000 | 1,000 | 1,000,000 | |||||||||||||
Employee
Defined Benefit Plan
|
2,750,000 | 2,750 | 255,750 | |||||||||||||
Conversion
of Accrued Payables
|
7,500,000 | 7,500 | ||||||||||||||
Net
loss
|
(144,843 | ) | ||||||||||||||
Balances,
December 31, 2009
|
36,628,721 | 36,628 | $ | 2,734,305 | (2,289,474 | ) |
/s/
Earl
Azimov
|
|
EARL
AZIMOV
|
|
President
|
/s/
Kenneth S. Adessky
|
|||
Kenneth
S. Adessky
|
|||
Chief
Financial Officer
Principal
Financial Officer
|
Date:
April 14, 2010
|
/s/
Earl
Azimov
|
EARL
AZIMOV
|
|
President
|
Date:
April 14, 2010
|
/s/
Kenneth S. Adessky
|
||
Kenneth
S. Adessky
|
|||
Chief
Financial Officer
(Principal
Financial Officer)
|