Breached Contracts

Contract Number: 1124270672 issued on August 17, 2005, 5:24 am and became overdue for payment on October 30,2005

Company Name: Silverkey Development Limited
Address: Room 3707-8 West Tower Shun Tak Centre
168-200 Connaught Road C
City: Hong Kong
Contact: Mr Qiang Wen Yu
Telephone: 852-2559 3941
Fax: 852-2559 0817
Email: qwy1@263 net

Shipping to Silverkey Development Limited located in Hong Kong China

Client ordered 30000 MTW of our material code 50-65 for 12 months at a price of $ 172.00 USD to be unloaded in Shanghai - Taijin
Client currently owes $ 61,920,000 USD from October 30,2005 which is a full breech of contract on the initial amount of $ 5,160,000 due on October 30,2005
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: