On
April
6, 2006 GreenTree Financial Group, Inc. commenced an action in the General
Court
of Justice of the State of North Carolina (County of Mecklenberg) titled
“GreenTree Financial Group, Inc. v. Pingchuan Pharmaceuticals, Inc.” GreenTree
Financial Group alleges that it performed services under contract for Pingchuan
Pharmaceutical, Inc., and is owed $118,500. Pingchuan Pharmaceutical answered
the complaint and denied that it owes any money to GreenTree Financial Group.
Trial of the action is scheduled for May 2007.
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