 After deducting the placement agents commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately 5.3 million. The Company intends to use the net proceeds of the offering for general corporate purposes, including automobile purchases, the costs of providing leasing and other automobile transaction services, including financial leasing, costs of developing other types of financing businesses, investments in other entities, costs of technology development, costs of new hires, capital expenditures, working capital and the costs of operating as a public company. Additionally, the Company will reserve at least 500,000 of the proceeds to be used solely to satisfy any reasonable legal, audit, accounting and other professional fees and expenses of the Company. 