SUMMARY OF SIGNIFICANT EVENTS
New directors were elected at a meeting of shareholders held on August 9, 1999, in Utah under the auspices of Eurotronics Holdings, Inc., the Utah corporate predecessor of this Nevada Issuer, and confirmed as the Board of Directors. New directors and officers were elected August 9, 1999. LO was incorporated in Nevada on July 28, 1999, which proceeded with the merger of the Eurotronics Holdings, Inc. (Utah).
, this reporting registrant launched its web site. LO, www.legalopinion.com, is a Seattle-based online directory service offering consumers the convenience and quality of in-home and in-business legal consultation. The site provides consumers and attorneys the ability to interact in a new, simple and convenient way. The uniqueness comes from providing consumers with direct access to an online written opinion from an appropriately licensed attorney experienced in the particular problem area and located in their geographical jurisdiction. LO has over 7500 attorneys and all 50 states are covered. LO does not practice law in any jurisdiction. LO is not licensed to practice law in any jurisdiction. LO does not become involved in any attorney-client relationship that may be established between customer users, and attorneys participating in LO’s database.
upon Drayton Richdale Corporation (DRC) executing a board resolution for a 10:1 reverse split of its outstanding shares and subsequently obtaining a new trading symbol (OTC: DRYN), on July 18, 2005, DRC executed and completed an "Agreement and Plan of Reorganization" with Technology Resources Inc. (Nevada). This reorganization involves the exchange of 15,000,000 to be issued DRC common shares to Technology Resources, Inc. shareholders. Technology Resources, Inc. becomes a wholly owned subsidiary of DRC. Concurrently Nathan J. Coleman, president of Technology Resources Inc. was appointed to the DRC board.
Technology Resources, Inc., (TRI), technologyresourcescompany.com, is a privately held Nevada company. Technology Resources, Inc. is an emerging engineering and manufacturing company in the multi-billion dollar new optic sensing transducer industry. TRI's patent portfolio includes the "Bellow Type Sensing Apparatus", intellectual property US Patent Number 6,604,427. TRI's patent portfolio discloses and claims application for optic sensors and controls with potential use in semiconductor fabrication, aerospace, petroleum processing and electronic instruments for scientific, technical and medical applications.
, Drayton Richdale Corp. (OTC: DRYN) restructures Matlink, Inc. Nevada, a DRYN wholly owned subsidiary, in order to focus on acquiring or developing new technology and operations in Bio Diesel production and Distribution. Matlink, Inc. has filed for a corporate name change to Cenocore Group, Inc. This venture will be participated by Nathan J. Coleman, President of Technology Resources, Inc. (TRI), another DRYN wholly owned subsidiary and it will vertically integrate with the high efficiency, low emissions, light weight, two cycle Diesel engine in final stages of design in TRI. DRYN board of directors has decided to pursue a new direction for the company and thereby relinquishes all rights in the MSOS patent to its original developer.
, Drayton Richdale Corp. (OTC: DRYN) acquires 100% of all the
outstanding shares of PetroStrata Corporation, privately held in
Nevada, with operations in Southern California and Texas. The structure of the $20
Million purchase involved the combined issuance of SEC 144-Restricted DRYN common
shares and a $15 Million DRYN Convertible Debenture over five years at 10% per
annum to the benefit of current PetroStrata Corporation shareholders.PetroStrata utilizes cutting edge technology, to include but not limited to, providing
perimeter security for the petroleum industry infrastructures such as oil and gas pipelines
and refineries.
The company will target international high terrorist risk petroleum
industry installations in the Middle East, Europe and the Far East to provide each facility
with proprietary security technology.
Additionally, PetroStrata’s PetroSeeker Technology is in beta test development for
micro-bore hole field exploration for improved oil recovery process and maximum
recovery efficiency. PetroStrata has commitments for oil & gas exploration programs in
Wyoming and Texas. Other strategic oil and gas fields located in California are in
negotiations.
Concurrently Drayton Richdale Corp. appointed a new director, Mr. Howard Wilkinson,
President of PetroStrata Corporation.
On September 19, 2009, the company engaged the Savant Scietific Group in the development and application of the PetroMicronic Technology and Process
for the extraction of crude oil from shale. The goal of the company is to have a technology and process which is cost effective, efficient and environmentally friendly.
On June 5, 2011, the company's wholly owned subsidiary, PetroStrata Corporation executed a joint venture agreement forming the CEMA Energy Group with
a major coal producer from West Virginia to contruct and operate a shale oil extraction plant near Rock Springs, Wyoming and a coal oil extraction plant facility in the State
of Illinois. PetroStrata will utilize the proprietary and environmentally friendly PetroMirconic Techonolgy and Process at both locations. The combined development cost for
both plants is projected to be $60 Million. The completed facility in Rocks Springs is expected to produce 4800/bbls/day of crude oil. At an estimated value of $82/bbl, the
operations will generate over $81 Million of annual revenue before taxes. Likewise, the Illinois plant is expected to extract 5700/bbls/day of coal oil and it will realize
over $107 Million in net revenues before taxes. Each location is expected to employ between 50 to 75 full time individuals at full production capcity. These PetroMicronic oil
extraction plants are expected to be fully operational within 24-30 months from ground breaking.
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