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ACQUISITION OF TRANSFORMATION CONSULTING	9 Months Ended
Sep. 30, 2013
Acquisition Of Transformation Consulting
NOTE 4 - ACQUISITION OF TRANSFORMATION CONSULTING	On March 9, 2011, DEDC acquired all of the outstanding shares, of Transformation Consulting (“TC”) pursuant to a Stock Purchase Agreement between a director of the Company (“the Director”) and DEDC, dated February 25, 2011 and Amendments No. 1, 2 and 3 to Stock Purchase Agreement, dated December 30, 2011, March 31, 2012 and September 26, 2012, respectively (“TCI Agreement”). The purchase price for the Shares was $2,000,000, payable from the gross revenues (pre-tax) of TC, as received, subject to the following contingent reduction or increase of the purchase price. If TC’s gross revenues during the two years following the closing are less than $2,000,000, then the purchase price for the shares shall be reduced to the actual revenue received by TC during the two year period. If TC’s revenues during the same two year period exceed $2,000,000, then the purchase price for the shares shall be increased by one-half of the excess revenues over $2,000,000 (“contingent consideration”). At the time of the acquisition, TC had minimal tangible assets and the entire $2,000,000 purchase price was allocated to a customers’ list intangible asset. Through September 30, 2013, TC gross revenues under the Stock Purchase Agreement totaled approximately $2,000,000. Through September 30, 2013, payments of the purchase price, net of refunds, totaled $984,638. At September 30, 2013, contingent consideration payable is $1,015,362. Under an amended payment schedule, the contingent consideration owing is due May 26, 2013.

ACQUISITION OF TRANSFORMATION CONSULTING

9 Months Ended

Sep. 30, 2013

Acquisition Of Transformation Consulting

NOTE 4 - ACQUISITION OF TRANSFORMATION CONSULTING

On March 9, 2011, DEDC acquired all of the outstanding shares, of Transformation Consulting (“TC”) pursuant to a Stock Purchase Agreement between a director of the Company (“the Director”) and DEDC, dated February 25, 2011 and Amendments No. 1, 2 and 3 to Stock Purchase Agreement, dated December 30, 2011, March 31, 2012 and September 26, 2012, respectively (“TCI Agreement”). The purchase price for the Shares was $2,000,000, payable from the gross revenues (pre-tax) of TC, as received, subject to the following contingent reduction or increase of the purchase price. If TC’s gross revenues during the two years following the closing are less than $2,000,000, then the purchase price for the shares shall be reduced to the actual revenue received by TC during the two year period. If TC’s revenues during the same two year period exceed $2,000,000, then the purchase price for the shares shall be increased by one-half of the excess revenues over $2,000,000 (“contingent consideration”). At the time of the acquisition, TC had minimal tangible assets and the entire $2,000,000 purchase price was allocated to a customers’ list intangible asset.

Through September 30, 2013, TC gross revenues under the Stock Purchase Agreement totaled approximately $2,000,000. Through September 30, 2013, payments of the purchase price, net of refunds, totaled $984,638. At September 30, 2013, contingent consideration payable is $1,015,362. Under an amended payment schedule, the contingent consideration owing is due May 26, 2013.