On May 16, 2012, Mr. Peter Vasko resigned from his position as the sole member of the board of directors of iGlue, Inc. and as the company's chief executive officer (collectively, the resignation), effective immediately. The resignation was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices and the board of the company appointed Mr. Peter Boros as the company's chief executive officer and sole director of the board, effective immediately. At this time the company has not entered into an employment agreement with Mr. Boros. Mr. Peter Boros is currently the company's chief executive officer and director. In this role, Mr. Boros is responsible for the day to day operations of the company.