Presented by: Tony RagusaDate: July 29, 2021
Walker Sports Audit I Black Progress MattersI am looking forward to possibly launching Walker Sports Audit and our Advacovery service as a Black ProgressMatters Minority Owned Incubated Business.AdvacoveryThe Advacovery concept goes back to 1998. Back then, after letting my CEO, Art Wingerter, go, I had CharlieChampiou and the CTBK accounting team review and refile my tax returns from 1994, 1995, and 1996. When itwas all said and done, Charlie and his team had earned me a $1M tax refund.In the 90’s, after helping to launch the firm at the Walker Center in 1994, I still had a managing interest in CTBK,so Charlie and I negotiated a contingency fee instead of CTBK’s usual flat fee. With the $1M recovery, it turnedinto a $300k windfall for CTBK [instead of their standard audit and filing fee of $30k]. From there, I wanted tomake it an ongoing contingency fee service of CTBK, but Charlie didn’t want to pursue it, so I began working onthe Advacovery concept.Walker Sports AuditOver the years, going back to the original Stereo Advantage in 1978, we have been taken advantage of bynumerous employees, family, friends, relatives, customers, suppliers, criminals, and thieves. Embezzlement,theft, damage, and destruction come from all directions in a constant storm.It seems like everyone has their hand in the cookie jar.In 2015, Tim Duncan accused his former advisor of bilking him out of over $20M. At the time, he said, “Iknow what I am doing. It’s not like I was squandering my money or being irresponsible. I am aprofessional athlete, and I am constantly on the road. I did the appropriate thing and hired professionaladvisors to watch over my money and my investments. The problem was there was no one watchingthem.” In 2018, Tim settled for a recovery of $7.5M. It was the best he could do, while his advisor,Charles Banks, was eventually sentenced to four years in federal prison for defrauding him.Tim Duncan’s story, along with countless other stories [including mine], encouraged me to finally launch WalkerSports Audit and Advacovery in 2015. Unfortunately, at that time - and ever since then - I have not been able tofind the right partner. I have had a few staggered starts, but never what I felt it should be.Nevertheless, the need for Walker Sports Audit and Advacovery has only grown more critical.I have always understood the importance of Walker Sports Audit and Advacovery because the Advantage Cohas repeatedly needed audit and recovery services - and we know what we are doing. I have a degree inFinance from BC, I have been in business for 42 years, and I have a great accounting team at Advantage GlobalResources, but time and again, we have had to confront embezzlement and deceit from our most trustedadvisors, employees, partners, friends, and even in-laws. Imagine what is happening to the uninitiated? It’sfrightening how bad ‘new wealth’ is getting taken advantage of - and now with NIL, it’s only going to get worse.____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Walker Sports Audit I Advantage Global ResourcesFrom the very beginning in 1978, it has been my goal to provide the vision, resources, and confidence necessaryfor the development of the Advantage Co as a business experience for those willing to take the full measure ofthe challenge. This approach has energized our Root Philosophy for over 40 years, and it has been our goodfortune to build a number of world-class businesses.My job is to help build and support a flexible matrix that enables, encourages, and ensures current and futuredevelopment as well as ongoing paradigm shifts through the simple restructuring of elements providingmaximum speed to benefit and cross-platform recognition.Today, Advantage Global Resources provides the essential backend resources for the origination, design,structure, financing, development, growth, reporting, monitoring, analytics, compliance, security, accounting,legal, HR, and governance for all our local, national, and international business operations. The full developmentof these backend support services has positioned us to realize our potential as a fully functional resource for avariety of business operations.I believe we are truly building a market-leading operation for professional services. Our comprehensive serviceand solution offerings for our clients are nothing short of incredible. The services that we now currently deliver toall our in-house clients [e.g. Unified Global Archiving, Zovy Cloud, Data Detect, CISO Sentinel, c1 Advantage,iWolrd Professionals, The AP Group, TW&Co, Black Progress Matters, Advantage Brands Group, iWorldFundraising, Giancarlo’s, LTS&S, etc.] are world-class. And since we possess these remarkable skills - I believethe time is right to leverage them as a business resource for clients worldwide.Additionally, we hope to enhance Advantage Global Resources’ remarkable lineup of services and solutions bydeveloping Advantage Legal & Fiduciary, iWorld Accounting, Black Progress Staffing, Advantage GlobalResources PEO, Advacovery, Walker Sports Audit, Walker Global Funding, etc.____________________________________________________________________________________________________Walker Sports Audit I Profile [circa 2015]Walker Sports Audit ensures you are receiving representation from trusted advisors that you can trust.Walker Sports Audit is an independent audit service that autonomously evaluates our client’s entire portfolio ofendorsements, contracts, investments, compliance, and tax reporting for a fixed or contingency fee. WSA alsoevaluates and rates all of our client’s financial relationships, especially with their agents, lawyers, accountants,coaches, doctors, trainers, advisors, family, and friends. Additionally, WSA can provide our clients with anindependent continuous monitoring service for all of their financial activity.Walker Sports Audit is an independent third-party audit service that autonomously evaluates our client’s entireportfolio of endorsements, contracts, investments, compliance, and tax reporting for a fixed or contingency fee.WSA also evaluates and rates all of our client’s financial relationships, especially with their agents, lawyers,accountants, coaches, doctors, trainers, advisors, family, and friends. Additionally, WSA provides our clientswith an independent continuous monitoring service for all of their financial activity.Most importantly, no WSA service provider will ever be able to be engaged by our clients beyond our WSAengagement. We will not be looking to solicit clients beyond our stated services. We will never attempt to
replace our client’s accountants, agents, etc., we simply offer our clients a very valuable and necessary auditand evaluation with a degree of separation that ensures no compromising agenda or misplaced loyalties.Although we will initially be addressing athletes and celebrities [who fill the news every day with horror stories ofhow they were ruined by embezzlement from their most trusted advisors], we feel our independent audit andcontinuous monitoring services will also prove valuable to clients who have considerable estates with littlepersonal business acumen or experience. Estates acquired through inheritance or divorce are particularly at riskfrom unscrupulous or indifferent fiduciary oversight.There are four main components of our WSA services:➢ Independent Forensic Audit➢ Advacovery➢ Continuous Financial Monitoring➢ Walker Sports Audit Trusted Advisor Rating Service____________________________________________________________________________________________________Walker Sports Audit I Advacovery [circa 2015]A key component of Walker Sports Audit is our Advacovery service.Most successful companies have reliable and trusted people watching their money, but who is watching them?At one point or another, even the most astute and careful company [or individual] might require Advacovery’sindependent forensic audit in order to uncover any financial malfeasance or loss.Unfortunately, even the most reliable trusted advisors, partners, family members, or employees sometimesundermine the trust placed in them. And while an immediate and thorough Advacovery forensic audit willexpose any financial malfeasance or loss, our Advacovery service goes beyond the discovery process tofacilitate the actual recovery of assets and reduction of liabilities.All of Advacovery’s review and recovery services are provided on a contingency fee basis. This fee arrangementensures that Advacovery’s investigative team will not only unearth any breach of trust or misuse of resourcesbut, more importantly, be proactive in the recovery of losses exposed.https://tonywalkerpost.com/2015/07/13/walker-sports-audit/____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Walker Sports Audit I Plan of Action [circa 2015]1. Bank AccountNow that Dave has incorporated Walker Sports Audit as a C Corporation in Florida, we will be able tostart the process of opening a bank account [most likely with Everbank]. I will initially fund the accountwith $100k. This should be adequate funding for the launch of the company. I have earmarked another$150k in order to fund our accounts receivable for when we start engaging clients.2. The WebsiteSince there is no need for eCommerce at this time, I have taken the path of least resistance andlaunched the site with GoDaddy’s Website Builder. At $15 with URL registration for a year included, it’squite the hosting value. http://www.walkersportsaudit.com/3. The Board of DirectorsI have gotten positive feedback from some key people that I would like to involve in this start-up. I havereached out to a very small group of potential participants, but next week I will begin to solicit teammembers publicly. The key to our team will be the Board of Directors. This group will be the face of thecompany, and they will provide the confidence that will be essential to our clients. It goes without sayingthat the agents, lawyers, accountants, family, friends, etc. [trusted advisors] will be investigatingeveryone that is involved with WSA. The scrutiny will be intense, and we will have to make certain thatwe stand up to even the most severe vetting. Of course, we have been through this with the Departmentof Defense and SEC, so I am certain that with the appropriate due diligence, we will be able to stand tallthrough any review process.4. The StaffInitially, the BoD will be doing most of the front room work, but we will be relying on Advantage GlobalResources for the backend support. The sales team will be strictly on commission, and it will be anaggressive and rewarding program. We will also be paying a referral fee to clients who successfully referus. I believe that the word of mouth advertising will be our number one growth accelerator.Most importantly, no one involved with WSA will ever be able to be retained by our clients beyond ourWSA engagement. We will not be looking to solicit clients beyond our stated services. We will neverattempt to replace our client’s accountants, agents, etc., we will simply be offering them a very valuableand necessary audit and evaluation with a degree of separation that ensures no compromising agendaor misplaced loyalties.5. MarketingAlthough we will initially be addressing athletes and then celebrities [who fill the news every day withhorror stories of how they were ruined by embezzlement from their most trusted advisors], we feel ourindependent audit and continuous monitoring services will also prove valuable to clients who haveconsiderable estates with little personal business acumen or experience. Estates acquired throughinheritance or divorce are particularly at risk from unscrupulous or indifferent fiduciary oversight.We will prepare comprehensive audit packages for each group with a graduating price range, as well asproviding an a la carte menu of services.We will initially be marketing four services:a. Independent Forensic Auditb. Advacovery’s Recovery of Fundsc. Continuous Financial Monitoring
d. Walker Sports Audit Trusted Advisor Rating Service6. The EngagementI believe that we will start out with the intention of making our audit process a 10 week engagement. Wewill allocate 6 weeks for discovery, 3 weeks for review, and the final week for our report.… more to come.____________________________________________________________________________________________________Walker Sports Audit I Black Progress MattersThe Black Progress Matters MissionBlack Progress Matters’s core mission is to change the face of leadership in organizations worldwide through itsvarious executive minority staffing activities. BPM is built on the premise that if BPM can secure the opportunityto fill an executive opening for an organization with the best candidate [who is a person of color], BPM will beginto change the color of the executive suite while enhancing the aspiration of everyone of color within theorganization.Black Progress Matters recognizes that the color of the executive suite [or ownership of an organization] speaksvolumes about the character and true opportunity available for people of color in an organization. BPM believesthat if you look to the top of an organization and see Black leadership [or ownership] - it will inspire everyone ofcolor in that organization.Leading companies require diversity in management to add perspective and effectiveness as their employeebase becomes increasingly more diverse. While there has been encouraging growth in minority professionals inthe workplace, many organizations are struggling with diversity at the executive level - and promoting diversityat the executive level is key to our mission.BPM Core ProgramsWhile Black Progress Staffing is the first pillar of the Black Progress Matters mission, BPM also providesexecutive-level internships for students from historically black colleges and other minority sources, an ambitiousincubator program for the development and funding of minority-owned start-ups [developing successful Blackownership is an essential component of BPM’s core mission to change the color of the executive suite andownership of organizations worldwide], and a minority-owned representative company for businesses that wantmarket-access through minority representation.Over the past year, we have been able to fully launch two of our four key programs, BPM Executive MinorityStaffing and BPM Minority-Owned Business Incubation. However, our Black Progress Resources and BPMInternship Programs, both of which have almost limitless potential, are still in the development stage, but theirlaunch is imminent, and we are confident that they will find the same enthusiastic reception our staffing andincubation programs have been met with.Our BPM Programs currently operate as separate divisions under Black Progress Matters, but at some point,BPM may have to separate one or more of the programs, such as Black Progress Resources, into separateentities for certification purposes [such as Federal 8 a status], but they are intended to be presented as oneunder BPM.
Every participant in BPM must be fully aligned and fully committed to BPM’s four ground-breaking diversityprograms.1. Black Progress StaffingOur Black Progress Staffing division works with organizations on a collaborative basis to provide therecruitment and direct placement of minority candidates at the executive level. Black Progress Staffingfocuses explicitly on delivering immediate results to support the diversification of an organization'sexecutive suite.Additionally, Black Progress Staffing ensures our clients and candidates that regardless of race, color,creed, orientation, or gender specificity, we will work to provide the most appropriate executivecandidates for the available position. Black Progress Staffing is an all-inclusive organization.a. Black Progress Staffing Agents and ProvidersBlack Progress Staffing will authorize various agents to represent Black Progress StaffingPrograms. Black Progress Staffing Agents will receive their negotiated share of the program feeas stipulated in a negotiated agreement.b. Black Progress Staffing Providers and Trusted Advisors ProgramBlack Progress Staffing is initially sourcing candidates throughout an international network ofBlack Progress Staffing Providers [e.g. iWorld Professionals, AP WNY, AP Rochester, APPhoenix, c1 Advantage, Advantage Global Resources, and Capax Resource Management ofLondon, England].Black Progress Staffing will also develop an international network of staffing firms as well asTrusted Advisors [accounting, insurance, wealth management, financial advisors, and legal firms]with Black Progress Staffing Member status and additional fee-sharing incentives.Black Progress Staffing offers our authorized Black Progress Members with a new revenuestream that can easily be built on to their current client relationships. Our Black ProgressStaffing Members have the opportunity to offer more value to their existing clients by providing ahighly valued recruiting and placement service that goes beyond their current business serviceofferings [that will benefit both their clients and themselves].Our Black Progress Members will be responsible for cultivating opportunities through theirexisting network. Black Progress Resources Members can further penetrate their network forany staffing needs – simply put, where companies have a need to hire new minority executives.c. Black Progress Staffing PartnershipsBased on the original AP Professional model of 51%/49%, BPM, as the 49% shareholder, willincubate Black Progress Staffing offices worldwide. We are confident we could grow apartnership network exponentially by filling the executive openings we are able to secure.d. Executive Minority Staffing ProgramBlack Progress Staffing is the first pillar of the Black Progress Matters mission.Every large organization in America desperately needs our Executive Minority Staffing Programright now. Today, every organization is addressing its racial bias issues, and despite their bestefforts, they still don't have anything that effectively creates immediate impact like our ExecutiveMinority Staffing Program.
Our BPM Executive Minority Staffing Program is an annually renewable collaborativeengagement for $250,000 per year. We are currently offering a 6-month introductorycollaboration for $100k - a perfect way for an organization to get started with effectuatingimmediate change in the color of their executive suite. In addition to and in conjunction with ourmain collaboration program, we also offer an ongoing contingency-fee-based recruitmentprogram.When an organization signs up for our BPM Executive Minority Staffing Program, here is whatthey will receive:i. BPM MissionBPM will promote the collaborative participation of an organization in the BPM Missionwith all of the accompanying social good and public relations benefits, especially inregards to raising awareness internally and externally to their commitment toaggressively pursue change.ii. BPM International PresentationBPM will provide premium postings of the organization’s Executive Job Openings on ourBPM Platform with accompanying Social Media exposure demonstrating theorganization’s desire to effectuate immediate change in their executive suite.We work collaboratively with the organization to define the position profile to target thesearch for the ideal executive to ensure that their offerings are appropriate to theirmission.iii. Black Executive Talent PoolBPM will provide the organization full access to BPMs Executive Black Talent Pool forexecutive-level openings. BPM recruits qualified minority candidates to fulfill executivepositions across a variety of industries and skillsets. One of BPM’s key resources is thisremarkable pool of executive minority talent that we continue to assemble.All of the candidates that Black Progress Staffing provide are fully vetted, interviewed,and prepared for the interview process ensuring both their qualifications and appropriatefit for the executive position to be filled.BPM is available to help coordinate the interview process to streamline the evaluationand selection process. If a BPM candidate is chosen, we are also available to assist inthe negotiation to secure a successful outcome.iv. Black Progress Staffing Contingency Fee DiscountBPM will provide the organization a 40% discount on Black Progress Staffing’s 25%contingency fulfillment fee [reducing the Black Progress Staffing fee to 15% on allplacements made during the duration of the collaboration program], as well aseliminating the $5k prepayment fee on each job opening.Additionally, if the organization allows it, one-third of the 15% fee [5%] is available toany of the organization’s employees if they recommend a candidate who is hired by theorganization through Black Progress Staffing. This is a tangible way to get anorganization’s employees to promote the organization as a great place to work.
v. Black Executive-Level InternsBPM will provide the organization full access to our BPM Executive Internship Program,providing an executive-level experience for candidates from historically black collegesand other minority resources.vi. BPM Executive Team ParticipationBPM will provide the organization full access to the BPM Executive Team for internalmessaging and public appearances, including video participation and production.vii. BPM DesignBPM will provide the organization full access to the BPM design team and allpromotional materials necessary to promote the BPM Mission and the organization’s fullparticipation.viii. BPM Incubator Support & Access20% of the organization’s program fee automatically goes directly to fund BPM’sMinority-Business Incubation Program.BPM will provide the organization with priority access for investment to all BPMincubated businesses.ix. Black Progress ResourcesBPM will provide the organization full access to our Black Progress ResourcesRepresentation Services along with a full waiver of the $10,000 initiation fee.x. Full guarantee for our Black Progress Staffing services.BPM will provide a money-back guarantee. If at any time the organization is notsatisfied with their BPM collaboration, they can terminate the relationship withoutrecourse and receive a full pro-rated refund on their $100k, $250k, or negotiated fee.e. Black Progress Staffing Collaboration Fee-Sharing ScheduleAll pay programs, profit sharing, commissions, fee-splitting, and bonuses are at the fulldiscretion of BPM management. In the event of a successful paid in full collaboration program,the paid collaboration fee will be allocated as follows:Black Progress Resources 20%BPM Representation 20%Account Acquisition & Satisfaction 20%Account Manager 20%Marketing & Administration 20%Total 100%f. Black Progress Staffing Contingency-Fee ProgramBPM effectuates change by providing best-in-class executive staffing solutions. This enablesorganizations to achieve their staffing goals with an intentional focus on providing diversecandidates to the pool from which to select [from]. We partner with organizations to help thembe competitive in the recruitment and hiring of top talent. We bring thoroughly vetted diversecandidates to the table for consideration so that companies have the ability to choose from aselective candidate pool.
Our BPM Executive Minority Staffing Contingency Fee is 25% [as a percentage of the startingannual salary].The standard 25% contingency fee will be allocated as follows:Black Progress Resources 20%Account Acquisition 20%Account Management 10%Candidate Fulfillment 50%Total 100%An introductory discount to a 20% contingency fee will be allocated as follows:Black Progress Resources 17.5%Account Acquisition 15%Account Management 7.5%Candidate Fulfillment 60%Total 100%A very seldom discount to a 15% contingency fee will be allocated as follows:Black Progress Resources 15%Account Acquisition 10%Account Management 5%Candidate Fulfillment 70%Total 100%The EMSP 15% contingency fee will be allocated as follows:Black Progress Resources 20%Account Manager 10%Candidate Fulfillment 70%Total 100%2. BPM Executive-Level Minority Internship ProgramOur BPM Executive-Level Minority Internship Program is structured for the development of minoritybusiness executives and entrepreneurs. BPM recruits minority interns that are fully committed tosuccess in business from historically black colleges and other minority sources. BPM interns will be fullyimmersed in a variety of business activities at market-leading companies that will groom them forsuccess at the highest level of business engagement.According to the results of a recent nationally representative study, if graduates had an internship or jobin college where they were able to apply what they learned in the classroom, their odds of experiencingthese positive outcomes saw a marked increase. The results suggest that it's less important that agraduate attended an Ivy League or other esteemed institution and more important that the student wasinvolved in experiential learning opportunities that could adequately prepare them for their professionalfuture.
An internship not only provides the work experience that helps students put their education into practice,but it furthers the development of their leadership skills and, most importantly, gives them a competitiveadvantage as they pursue a permanent position. Students who graduate with internship experiences aregenerally more likely than students without those experiences to find employment after graduation. Forminority students, the benefits of an internship as an introduction to a company for post-graduateemployment are even greater.Not only do students who completed an internship in college see more success in securing full-timeemployment, but they also report higher levels of satisfaction with their overall career outcomes.Our BPM Executive-Level Minority Internship Program is available to all of our key strategic, corporate,institutional, and government partners who embrace the BPM Mission.3. BPM Minority-Owned Business IncubatorThe third pillar of our Black Progress Matters mission is our Minority-Owned Business IncubatorProgram. The BPM Founding Partners have pledged BPM’s entire profits to this ambitious incubatorprogram. Already, BPM is engaged in the partnership and financing of several significantminority-owned start-ups including Panther Data Solutions, GRW for Hair, Katini Skin, Cocoa by CeCe,Dacks Clean, and The State of Clean. Panther Data Solutions is now arguably the most advancedblack-owned tech company in the world. Most importantly, the profit from BPM’s share of thesepartnerships goes entirely to fund even more BPM incubated businesses. The potential of our BPMprograms and minority-owned start-ups is limitless.Each opportunity will encourage additional investment, but we are confident that the profits of BPM willprovide substantial start-up funding, but the real success will come from the full engagement andbusiness energy provided by the minority ownership.Additionally, BPM Teaming Partners, Advantage Global Resources, and AdvBrands Group are at theready to help incubate any potentially viable minority start-up concept.4. Black Progress Resources Business RepresentationAs a minority-owned organization, Black Progress Resources can provide an effective minority-entreerepresentation of the products and services of businesses that embrace the BPM Mission. BlackProgress Resources provides a unique point of contact for businesses we represent to potentialcustomers who welcome the opportunity to purchase from a minority-represented business.Black Progress Resources will only represent companies that embrace the BPM Mission.At Black Progress Resources, our business representation service will provide a trusted venue forpotential customers worldwide - enabling direct access to premium resources from businesses andorganizations that embrace the BPM Mission. The products, programs, and services we will offer will beas diverse as they are outstanding. Black Progress Resources has the potential to open doors and bean enormous revenue generator.____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Posted by: Austin WittDate: June 28, 2015Walker Sports Audit I Sports Agencies [circa 2015]World’s Most Valuable Sports Agencies according to Forbes:1. CAA2. Boras corporation3. Octagon4. Relativity Sports5. Wassman6. Excel Sports Management7. Newport Sports Management8. ACES9. Athletes First10. Rosenhaus Sports Representation11. Legacy Agency12. Priority Sports & Entertainment1. Creative Artists Agency (CAA)Location: Los Angeles, New YorkTop Clients:a. Carmelo Anthony - Leon Roseb. Dwyane Wade - Henry Thomasc. Peyton Manning - Tom Condond. Chris Paul - Leon Rosee. Ryan Howard - Brodie Van Wagenerf. Chris Bosh - Henry Thomasg. Eli Manning - Tom Condon2. Boras CorporationLocation: Newport Beach, CATop Clients:a. Jacoby Ellsburyb. Bryce Harperc. Troy Tulowitzkid. Max Scherzer3. OctagonLocation: McLean, VATop Clients:a. Steph Curryb. Michael Phelps4. Relativity SportsLocation: Los AngelesTop Clients:a. Gerald McCoy - Ben Dograb. Dwight Howard - Brodie Van Wagener
c. Miguel Cabrera - Diego Bentz5. Wasserman Media GroupLocation: Los AngelesTop Clients:a. Derrick Rose - B.J. Armstrong6. Excel Sports ManagementLocation: Los Angeles, New YorkTop Clients:a. Tiger Woods - Mark Steinbergb. Clayton Kershaw - Casey Close7. Newport Sports ManagementLocation: Mississauga, OntarioTop Clients:a. Zach Pariseb. PK Subban8. ACESLocation: BrooklynTop Clients:a. Jon Lester - John Yatesb. Dustin Pedroia9. Athletes FirstLocation: Laguna Hills, CATop Clients:a. Aaron Rodgersb. Clay Matthewsc. Earl Thomasd. Nick Foles10. Rosenhaus Sports RepresentationLocation: Miami, FLTop Clients:a. Rob Gronkowskib. LeSean McCoyc. Frank Gore11. Legacy AgencyLocation: New YorkTop Clients:a. Jim Furykb. Jose Reyes12. Priority Sports & EntertainmentLocation: Chicago, Los AngelesTop Clients:a. Arian Foster
b. Haloti Ngata13. Roc NationLocation: New YorkTop Clients:a. Robinson Canob. Dez Bryantc. Ndamukong Suhd. Kevin Durant____________________________________________________________________________________________________Posted by: TonyDate: January 28, 2015This is my #1 project for the second half of 2015. I want to launch WSA by the end of the year, and we arecurrently putting together a team to bring this to fruition. We are setting up the WSA entity as a Florida CCorporation, and we should be fully engaged in development by July 1st.____________________________________________________________________________________________________