Breached Contracts

Contract Number: 1270855295 issued on April 9, 2010, 7:21 pm and became overdue for payment on April 23,2010

Company Name: Kwang Il Steel Co Ltd
Address: Jung Dong 1321 2 Gwangyang City

City: Jeonranamdo South Korea
Contact: Kang Ho Il
Telephone: 010 3724 0448
Email: saeyounlee@hanmail net

Shipping to Kwang Il Steel Co Ltd located in Jeonranamdo South Korea

Client ordered 30000 MTW of our material code 50-65 1.2m for 12 months at a price of $ 285.00 USD to be unloaded in Korea, South - Pusan (Busan)
Client currently owes $ 102,600,000 USD from April 23,2010 which is a full breech of contract on the initial amount of $ 8,550,000 due on April 23,2010
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: