May be part of settlement will be paid off for $400,000 outstanding balance in dec ,23, 2008.
FROM 8-k
At the beginning of the fiscal year on April 1, 2008 the Company had a short-term 18% secured promissory note payable in the principal amount of $450,000 to ASI Technology Corporation ("ASI"). Mr. Polis is Secretary, Treasurer and a director of ASI and owns less than 5% of its common equity. In June 2008 the Company made a principal reduction of $50,000 and obtained an extension of the currently outstanding balance of $400,000 to December 23, 2008. The Company paid ASI a finance charge of $4,000 by issuing 40,404 restricted shares of common stock in connection with the extension. The Company has made monthly interest only payments of 18% of the outstanding balance each month.