May 10, 2004 [SolarAccess.com] Universal Communication Systems completed the purchase of the remaining 50% equity of Solar Style Limited from MCO Ltd., the remaining shareholder. The consideration paid was 500,000 restricted shares, and Warrants for 1 million additional shares at a strike price of $0.10, exercisable for 2 years. UCS has now formed a new US subsidiary: Solar Style Inc., and have launched the company’s new Web site (see link below) where the current products are displayed. These are limited currently to small solar PV units such are charging systems for portable electronics. The PV Solar Chargers include applications for Cell Phones, Walkmans, Discmans, PDA’s, and even Laptops.
