Breached Contracts

Contract Number: 1090273975 issued on July 19, 2004, 5:52 pm and became overdue for payment on July 31,2004

Company Name: Qingdao Alison Import & Export Co., Ltd.
Address: 9th. Floor, Suite A/B,
No. 67 West Hong Kong Road
City: Qingdao, Shandong, China 266071
Contact: Mr. Wu Bin
Telephone: 5323863800
Fax: 5323879860

Shipping to Qingdao Alison Import & Export Co., Ltd. located in Qingdao, Shandong, China

Client ordered 30000 MTW of our material code 200-206 for 12 months at a price of $ 145.00 USD to be unloaded in China - Qingdao
Client currently owes $ 52,200,000 USD from July 31,2004 which is a full breech of contract on the initial amount of $ 4,350,000 due on July 31,2004
Client has not made any attempt to settle this debt nor to make any payment thereon and is assumed to be financially insolvent.
Client has made the following comments related to this posting: