Company description

Wed, 18 Jun 2008 04:00:00 GMT

Company was originally incorporated in 1993 in the state of Texas under the name Perma-Tune Electronics, Inc. ("Perma-Tune"). On July 21, 2003, Perma-Tune performed a reverse merger with Trans Max Technologies, Inc. ("Trans Max"), a Nevada corporation, which is publicly traded on the OTC Bulletin Board under the symbol TMAX. As a result of this acquisition, control was shifted to the former shareholders of Trans Max and this transaction was treated as a recapitalization. As part of this recapitalization, the company changed itsname to Trans Max Technologies, Inc.

From July 2003 until May 2004, the company primarily designed and manufactured high-energy electronic ignition systems for street vehicles, race cars, boats, scientific and industrial applications, space and aviation applications, as well as clean-burning fuel applications.

On May 25, 2004, Samuel J. Higgins acquired a controlling interest in our company through a group of holding companies. Currently, Mr. Higgins’ ownership stake is consolidated under the dba Groupo Aquinas, S.A. (“Groupo Aquinas”), which holds the majority (approximately 66%) of our issued and outstanding shares. Upon assuming control, Mr. Higgins discovered that our operations were, as a whole, unprofitable and unpromising. The company discontinued its ignition product

(10-QSB 08/18/2006)

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Company description