Breached Contracts

Contract Number: 1137833942 issued on January 21, 2006, 3:59 am and became overdue for payment on January 26,2006

Company Name: Colgroup International Pty Ltd
Address: 44 Montebello Drive

City: Mount Gambier South Australia 5290
Contact: Ken Gibbett
Telephone: 61 8 87255639
Fax: 61 8 87232450

Shipping to TBA located in Mount Gambier South Australia 5290

Client ordered 60000 MTW of our material code 50-65 for 12 months at a price of $ 202.00 USD to be unloaded in Netherlands (Holland) - Rotterdam
Client currently owes $ 145,440,000.00 USD from January 26,2006 which is a full breech of contract on the initial amount of $ 12,120,000.00 due on January 26,2006
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: