SEC Company Response from BIOSTEM, INC. (CIK 0001178377) — Oct 26, 2005
BIOSTEM, INC. (CIK 0001178377)
Date: Oct. 26, 2005 · CIK: 0001178377 · Accession: 0001332277-05-000129
AI Filing Summary & Sentiment
File numbers found in text: 000-49933
Referenced dates: October 25, 2005
Letter
DAVID M. LOEV, ATTORNEY AT LAW 2777 ALLEN PARKWAY, SUITE 1000 HOUSTON, TX 77019 TELEPHONE (713) 524-4110 FACSIMILE (713) 524-4122 October 26, 2005 Ms. Amanda McManus VIA FAX AT(202) 772-9209 Division of Corporate Finance ------------------------ United States Securities and Exchange Commission AND VIA EDGAR 450 Fifth Street, N.W. ------------- Washington, D.C. 20549 Phone: (202) 551-3412
RE: National Parking Systems, Inc. File No. 000-49933 Preliminary Information Statement on Form 14C Filed on October 11, 2005
Dear Ms. McManus:
In response to your letter dated October 25, 2005, National Parking Systems, Inc. (the "Company") has the following responses:
1) We have revised our information statement to briefly state the reasons for the proposed name change to BioStem, Inc., namely that the Company is making the name change to look more attractive for a merger or acquisition with companies in the stem cell field. The Company has not however entered into any preliminary or definitive agreements with any companies in connection with a merger or acquisition, and has no agreement to do so.
2) The amendment to the Articles regarding the Directors being governed by the Bylaws was not meant to amend the Company's Bylaws. Instead, the Company had been advised from other counsel, that its reading of the Articles as written requires the Company to have three (3) Board of Directors at all times. The Company, through the proposed amendment simply wished to clarify its original intention, that while the Company was originally formed with three (3) directors, that the number and election of Directors should be governed by the Bylaws. In this regard, the Company is revising its proposed amendment to its Articles of Incorporation to state the following:
"The number of the directors may, pursuant to the Bylaws, be increased or decreased by the Board of Directors at any time, provided there shall be no less than one (1) nor more than nine (9) Directors."
Yours Very Truly,
/s/ John S. Gillies ----------------------------------- John S. Gillies, Associate David M. Loev, Attorney at Law
<PAGE>
NATIONAL PARKING SYSTEMS, INC. 200 HANOVER PARK SUITE 120 ATLANTA, GA 30350 TELEPHONE (770) 650-0102 FACSIMILE (770) 650-7215
October 26, 2005
Amanda McManus VIA FAX AT(202) 772-9209 Division of Corporate Finance ------------------------ United States Securities and Exchange Commission AND VIA EDGAR Mail Stop 4561 ------------- 450 Fifth Street, N.W. Washington, D.C. 20549 Phone: (202) 551-3412
RE: National Parking Systems, Inc. File No. 000-49933 Preliminary Information Statement on Form 14C Filed on October 11, 2005
Dear Ms. McManus:
National Parking Systems, Inc. (the "Company") acknowledges that:
o the Company is responsible for the adequacy and accuracy of the disclosure in the filling;
o staff comments or changes made in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
o the Company may not asset staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Very truly yours,
/s/ Marc Ebersole
--------------------------
Marc Ebersole,
Chief Executive Officer and President
Show Raw Text
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
DAVID M. LOEV, ATTORNEY AT LAW
2777 ALLEN PARKWAY, SUITE 1000
HOUSTON, TX 77019
TELEPHONE (713) 524-4110
FACSIMILE (713) 524-4122
October 26, 2005
Ms. Amanda McManus VIA FAX AT(202) 772-9209
Division of Corporate Finance ------------------------
United States Securities and Exchange Commission AND VIA EDGAR
450 Fifth Street, N.W. -------------
Washington, D.C. 20549
Phone: (202) 551-3412
RE: National Parking Systems, Inc.
File No. 000-49933
Preliminary Information Statement on Form 14C
Filed on October 11, 2005
Dear Ms. McManus:
In response to your letter dated October 25, 2005, National Parking
Systems, Inc. (the "Company") has the following responses:
1) We have revised our information statement to briefly state the reasons for
the proposed name change to BioStem, Inc., namely that the Company is making the
name change to look more attractive for a merger or acquisition with companies
in the stem cell field. The Company has not however entered into any preliminary
or definitive agreements with any companies in connection with a merger or
acquisition, and has no agreement to do so.
2) The amendment to the Articles regarding the Directors being governed by the
Bylaws was not meant to amend the Company's Bylaws. Instead, the Company had
been advised from other counsel, that its reading of the Articles as written
requires the Company to have three (3) Board of Directors at all times. The
Company, through the proposed amendment simply wished to clarify its original
intention, that while the Company was originally formed with three (3)
directors, that the number and election of Directors should be governed by the
Bylaws. In this regard, the Company is revising its proposed amendment to its
Articles of Incorporation to state the following:
"The number of the directors may, pursuant to the Bylaws, be increased
or decreased by the Board of Directors at any time, provided there shall be
no less than one (1) nor more than nine (9) Directors."
Yours Very Truly,
/s/ John S. Gillies
-----------------------------------
John S. Gillies, Associate
David M. Loev, Attorney at Law
<PAGE>
NATIONAL PARKING SYSTEMS, INC.
200 HANOVER PARK
SUITE 120
ATLANTA, GA 30350
TELEPHONE (770) 650-0102
FACSIMILE (770) 650-7215
October 26, 2005
Amanda McManus VIA FAX AT(202) 772-9209
Division of Corporate Finance ------------------------
United States Securities and Exchange Commission AND VIA EDGAR
Mail Stop 4561 -------------
450 Fifth Street, N.W.
Washington, D.C. 20549
Phone: (202) 551-3412
RE: National Parking Systems, Inc.
File No. 000-49933
Preliminary Information Statement on Form 14C
Filed on October 11, 2005
Dear Ms. McManus:
National Parking Systems, Inc. (the "Company") acknowledges that:
o the Company is responsible for the adequacy and accuracy of the
disclosure in the filling;
o staff comments or changes made in response to staff comments do
not foreclose the Commission from taking any action with respect to
the filing; and
o the Company may not asset staff comments as a defense in any
proceeding initiated by the Commission or any person under the federal
securities laws of the United States.
Very truly yours,
/s/ Marc Ebersole
--------------------------
Marc Ebersole,
Chief Executive Officer and President
<PAGE>
</TEXT>
</DOCUMENT>