Breached Contracts

Contract Number: 1180366105 issued on May 28, 2007, 11:28 am and became overdue for payment on June 05,2007

Company Name: Gemme World Alliance Pte Ltd
Address: Block 4010 Ang Mo Kio Ave 10
04 11 Techplace 1
City: Singapore 569626
Contact: Mr Simun Wong
Telephone: 6 6456 9788
Fax: 64542 2238
Email: simun@gemmealliance com

Shipping to Gemme World Alliance Pte Ltd located in Tianjin China

Client ordered 5000 MTW of our material code Copper Anodes for 6 months at a price of $ 4000.00 USD to be unloaded in China - Tianjin
Client currently owes $ 120,000,000 USD from June 05,2007 which is a full breech of contract on the initial amount of $ 20,000,000 due on June 05,2007
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: