X0203 3 2008-08-14 0 0001096613 FIRST TRANSACTION MANAGEMENT INC FMNG.OB 0001411962 VISION CAPITAL ADVISORS, LLC 20 W. 55TH STREET, 5TH FLOOR NEW YORK NY 10019 0 0 1 0 0001411963 BENOWITZ ADAM 20 W. 55TH STREET, 5TH FLOOR NEW YORK NY 10019 0 0 1 0 0001427426 Vision Opportunity China LP SARNIA HOUSE, SUITES 13 AND 15 LE TRUCHOT, ST PETER PORT GUERNSEY X0 GY1 4NA UNITED KINGDOM 0 0 1 0 0001427425 Vision Opportunity China GP LTD SARNIA HOUSE, SUITES 13 AND 15 LE TRUCHOT, ST PETER PORT GUERNSEY X0 GY1 4NA UNITED KINGDOM 0 0 1 0 0001421633 Vision Opportunity China Fund Ltd SARNIA HOUSE, SUITES 13 AND 15 LE TRUCHOT, ST PETER PORT GUERNSEY X0 GY1 4NA UNITED KINGDOM 0 0 1 0 Common Stock ($0.01 par value) 627533 I By Vision Opportunity China LP On August 14, 2008, Vision Opportunity China LP, a limited partnership organized under the laws of Guernsey ("China Fund"), acquired 262,786 shares of Common Stock of the Issuer as well as an interest in a secured promissory note convertible into 364,735 shares of Common Stock, which it immediately converted into 364,735 shares of Common Stock. This initial statement of beneficial ownership ("Statement") is being filed by (i) the China Fund; (ii) Vision Opportunity China GP Limited, a corporate entity organized under the laws of Guernsey (the "China Fund GP"), which serves as the general partner of the China Fund; (iii) Vision Opportunity China Fund Limited, a corporate entity organized under the laws of Guernsey (the "China Fund Ltd."), which controls the China Fund GP; (iv) Vision Capital Advisors, LLC, a Delaware limited liability company (formerly known as Vision Opportunity Capital Management, LLC) (the "Investment Manager"), which serves as the investment manager of the China Fund Ltd.; and (v) Adam Benowitz, the Managing Member of the Investment Manager (all of the foregoing, collectively, the "Reporting Persons"). (Continued - Footnote 3) Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this Statement shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose. /s/ ADAM BENOWITZ For himself and as Managing Member of the Investment Manager 2008-08-25 /s/ DAVID BENWAY As a Director of the China Fund GP (for itself and as general partner of the China Fund) and the China Fund Ltd. 2008-08-25