Breached Contracts

Contract Number: 1120687796 issued on July 6, 2005, 6:09 pm and became overdue for payment on August 27,2005

Company Name: Shenyang Treadtel CO Ltd
Address: Number 163 Zhongshan Road

City: Shenyang China
Contact: Steven Kong
Telephone: 86 24 22899799
Fax: 86 24 22899098

Shipping to Shenyang Treadtel CO Ltd located in Shenyang China

Client ordered 167000 MTW of our material code 50-65 for 18 months at a price of $ 189.00 USD to be unloaded in China - Shanghai
Client currently owes $ 568,134,000 USD from August 27,2005 which is a full breech of contract on the initial amount of $ 31,563,000 due on August 27,2005
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: