Business
UPDATES TO SHAREHOLDERS
UPDATES TO SHAREHOLDERS.
About this update from Fansfrenzy Corporation
[{"type":"text","content":"Press Release Source: HE-5 Resources, Corp. HE-5 RESOURCES CORPORATION PROVIDES UPDATES TO SHAREHOLDERSFriday July 31, 0:00 am ETNew-York--(MARKETWIRE)—July 31, 2009 -- HE-5 Resources, Corp. (Other OTC: HRRN.PK - News) Provides Updates to Shareholders.Dear Shareholders, During the last quarter of fiscal year ending February 2009, In accordance with current rules and regulations and recognized accounting policies, HE-5 has completed the “Quasi-Reorganization” of the business assets and liabilities, to allow a reorientation of the Corporation’s new line and core activities.The information in regards to the reorganization and disposal of assets and liabilities is disclosed in HE-5’s end of the year financial statements available on Pink Sheets in the filings section.In the first quarter of our new fiscal year, on March 16th, the Company announced the acquisition of the Intellectual Property and Exclusive Rights of the “Trading Barter Bank” Business. The agreed value of the Intellectual Property transfer has been acquired for a sum of $5 Million (us). About “Trading Barter Bank”Trading Barter Bank is our Company’s core business Flagship Project. This exclusive Virtual Transactional Platform offers unique and proprietary features for secured transactions of sales of products and services, for which the members can pay for in cash or in Trading Barter Dollars.The intuitive software platform has been conceived on a modular base to allow integration of open source information and multiple linkages to partners and co sponsors content to provide fast and environment is the main tr...