Item 8.01 Other Events.
The Company has been pursuing a plan to raise equity capital and operate its
business independently, however the delays in closing the funding has resulted
in select shareholders wanting to pursue alternative plans to operate
business. These shareholders have contacted the company's president
and board members. The board of directors has agreed to pursue various offers of
interest in either buying Artisanal's
business or licensing its intellectual
property assets as Artisanal Premium Cheese, notwithstanding its efforts to
raise equity capital and complete the shareholder loan-to-equity conversion plan
that was previously announced. The Artisanal Premium Cheese brand has been
expanded into the retail, foodservice and e-commerce sectors for specialty
cheese that has drawn interest from businesses that can see strategic value with
Artisanal Premium Cheese brand. The Company will be making operating decisions
based on the development of these plans.