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REVERSE MERGER: Our Profile List stock Sooner Holdings, Inc. (OTCBB: SOON 0.07 x 0.085) issued an 8K announcing they entered into a material definitive agreement, not made in the ordinary course of the registrant's business, with Glen McKay of Toronto, Ontario, Canada, R.C. Cunningham II of Oklahoma City and Thomas J. Kenan of Oklahoma City. Mr. Cunningham is the chief executive officer and a director of the registrant, and Mr. Kenan is the securities law counsel of the registrant. Mr. McKay promises to purchase from Mr. Cunningham 9,124,008 shares of Mr. Cunningham's common stock of the registrant and 1,147,778 shares of Mr. Kenan's common stock of the registrant for a total cash consideration of $650,000 by August 15, 2008. This would result in a change in control of the registrant with Mr. McKay's owning 81% of the outstanding common stock of the registrant and with Messrs. Mr. McKay also subscribes to purchase from the registrant, within two years, an additional 29,828,214 newly-issued shares of the registrant's common stock at $0.064 a share for a total of $1,909,006. Mr. McKay represents in the agreement that he has developed a business plan (i) that will make a company, such as the registrant, a shareholder or partner of the lead developer in the construction of extensions of the existing monorail network in Las Vegas, Nevada that will connect to a to-be-built high-speed train line to southern California and (ii) that in addition, such company will purchase an equity position in an associated real estate development company that will capitalize on the opportunities of development along and near to their transportation systems.
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