Business
Power Play Development Corporation Announces Distribution of Information Statement under SEC Rule 15c2-11
Power Play Development Corporation Announces Distribution of Information Statement under SEC Rule 15c2-11.
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[{"type":"text","content":"FRAMINGHAM, MA - October 25, 2007 - Power Play Development Corporation (Other OTC: PWPY.PK), which operates the internet portals www.nlop.com and www.pokercreations.com, announced today that it is distributing to its shareholders and certain other market participants its Information Statement under SEC Rule 15c2-11, the text of which, except for financial statements, is set forth below:\n\nPower Play Development Corporation\nCorporate Information Statement\nExchange Act Rule 15c2-11\nOctober 25, 2007\n\nItem 1.\tTHE EXACT NAME OF THE ISSUER AND ANY PREDECESSOR:\n\n\tThe exact name of the Issuer is Power Play Development Corporation, a Nevada corporation (\"Issuer\"). On September 12, 2006, the Issuer acquired all of the issued and outstanding capital stock of NLOP, Inc., a Delaware corporation. Following the acquisition, NLOP, Inc became a wholly owned subsidiary of the Issuer. The Issuer's business consists solely of the business of NLOP, Inc. References to the Issuer include its wholly owned subsidiary, NLOP, Inc., except as otherwise provided.\n\nItem 2.\tTHE ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES:\n\n\tThe Issuer maintains its offices at: \n\t\t\t2 Watson Place\n\t\t\tBldg 3 - 2nd Floor\n\t\t\tFramingham, MA 01701\n\nItem 3.\tTHE STATE OF INCORPORATION OF THE ISSUER:\n\n\tThe Issuer is organized under the laws of the State of Nevada.\n\nItem 4.\tTHE EXACT TITLE AND CLASS OF THE ISSUER'S SECURITY:\n\n\tThe Issuer has one class of equity security authorized which is common stock, $.001 par value. The common stock has full voting rights.\n\nItem 5\tTHE PAR OR STATED VALUE OF THE ISSUER'S COMMON STOCK:\n\n\tThe Issuer's common stock has a $.001 par value.\n\nItem 6.\tNUMBER OF SHARES OF COMMON STOCK OUTSTANDING:\n\n\t38,358,707 and 37,932,010 shares of common stock were issued and outstanding as of December 31, 2006 and June 30, 2007, respectively. The number of shares of Issuer common stock outstanding as of the date hereof is 41,236,782.\n\nItem 7.\tTHE NAME AND ADDRESS OF THE TRANSFER AGENT:\n\n\tThe Transfer Agent for the shares of the Issuer's common stock is:\n\tManhattan Transfer Registrar Company\n\t51 Eastwood Road\n\tMiller Place, NY 11764\n\nItem 8.\tTHE NATURE OF THE ISSUER'S BUSINESS:\n\n\tThe Issuer is bringing US-compliant poker applications and social media poker platforms to the domestic market. \t\...