Attached files
file | filename |
---|---|
EX-99.1 - GLOBAL DYNAMICS CORP | v174842_ex99-1.htm |
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
___________
FORM
8-K
___________
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date Of
Report (Date Of Earliest Event Reported): February 11, 2010
GLOBAL
DYNAMICS CORP.
(Exact
Name Of Registrant As Specified In Charter)
DELAWARE
|
333-156154
|
98-0593668
|
(State
Or Other Jurisdiction Of Incorporation Or Organization)
|
(Commission
File No.)
|
(IRS
Employee Identification No.)
|
c/o
Margalit Yosef
43
Hakablan Street
Jerusalem,
Israel 93874
(Current
Address of Principal Executive Offices)
Phone
number: 011-972 -2-651-5089
(Issuer
Telephone Number)
(Former
Name or Former Address, If Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR
240.13e-4 (c))
Section
1 – Registrant’s Business and Operations
Item
1.01 Entry into a Material
Definitive Agreement
The
Letter of Intent previously entered into between the Registrant and Muscle
Pharm, dated September 29, 2009 has been terminated by Muscle
Pharm.
On
February 11, 2010, the Registrant entered into a Letter of Intent, dated
February 11, 2010 with Consumer Products Services LLC whereby the Registrant
shall purchase all of the membership interests of Consumer Products Services
LLC.
The
purchase price for the purchase of all interest of Consumer Products Services
LLC will be the issuance of 300,000,000 shares of common stock of the
Registrant.
The
closing of the transaction will occur as promptly as practicable and expected to
be no later than March 15, 2010.
At the
closing of the transaction, the current Management and Board of Directors will
be replaced by the Management of Consumer Products Services, LLC.
Consumer
Product Services, LLC (“CPS”) is engaged in returned product management, return
center services, remanufacturing, reprocessing, repairing and recycling of
consumer products. For over two decades the management team at CPS has been
servicing some of the world's leading consumer product
manufacturers.
Instead
of discarding millions of defective, damaged, and un-repairable returned
products into America's overflowing landfills, which cost manufacturers millions
of dollars to transport, process and dispose of annually, CPS developed
environmentally conscious proprietary remanufacturing, reprocessing and
recycling processes with the highest recovery rate of those very products
without the use of new replacement parts.
CPS has
positioned itself as a returned product management and remanufacturing company,
offering the following services to consumer product manufacturers:
· Reverse
Logistics Services
· Return
Product Management
· Return
Center Services
· Quality
Assurance Inspection Services
· Defect
Data Reporting
· Re-qualification
Services
· Remanufacturing
Services
· Warranty
Repair Services
· Recycling
Services
· Warehousing
& Distribution of Remanufactured Products
· Re-marketing
Services
· Supply
Chain Consulting
CPS’s
rigorous UL approved proprietary remanufacturing, reprocessing and recycling
processes are utilized on all our customers' products by many of our factory
trained technicians, followed by a strict schedule of final UL approved
inspections and testing with quality levels set to exceed manufacturers'
specifications, consistently producing products often “compare to new.” The
facilities and remanufacturing procedures exceed the stringent standard for both
the US and Canadian UL listing and approval requirements.
CPS
employs factory trained engineers, technicians, machinists, assemblers, and
material handlers and warehousing personnel, as well as a full staff of product
design, mechanical and electrical engineers who manage and operate the
engineering and quality assurance departments.
Section 9 -- Financial Statement And
Exhibits
Item
9.01 Financial Statement And Exhibits.
(c) Exhibits.
99.1 Letter
of Intent, dated February 11, 2010 between Global Dynamics Corp and Consumer
Products Services LLC
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
February
17, 2010
|
Global
Dynamics Corp.
|
By:
/s/
Margalit
Yosef
|
|
Name:
Margalit Yosef
|
|
Title:
President and Director
|
|
(Principal
Executive Officer)
|