UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bean Kenneth W 12926 WILLOWCHASE HOUSTON, TX 77070 |
 X |  X |  Vice President |  |
/s/ Kenneth W. Bean | 06/02/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Kenneth W. Bean beneficially owns 48,210,251 shares of the Registrant's voting stock, which represents 30,210,251 shares of common stock and 900,000 shares of the Registrant's Series A Preferred Stock, which are able to vote an aggregate of 18,000,000 shares of common stock (with each share of Series A Preferred Stock being able to vote 20 shares), and which are able to convert at the option of the holder into 900,000 shares of common stock. |
(2) | All 48,210,251 shares of voting stock are held by Kenneth W. Bean's wife, Linda Putback-Bean, the Chief Executive Officer of the Registrant, which shares Mr. Bean is deemed to beneficially own as they are husband and wife. |