Breached Contracts

Contract Number: 1130522732 issued on October 28, 2005, 2:05 pm and became overdue for payment on November 09,2005

Company Name: Ning An Foreign Economics and Trade
Address: No 131 New Street Road
Ning An City Heliongjiang Province
City: PR China 157400
Contact: Li Xiu Zhong
Telephone: 86 13946375010
Fax: 86 453 3620779
Email: liuyuehan828@sohu com

Shipping to Ning An Foreign Economics and Trade located in PR China 157400

Client ordered 30000 MTW of our material code 27 for 12 months at a price of $ 195.00 USD to be unloaded in China - Tianjin
Client currently owes $ 70,200,000.00 USD from November 09,2005 which is a full breech of contract on the initial amount of $ 5,850,000.00 due on November 09,2005
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: