EX-21 3 ex21.htm EXHIBIT 21 Exhibit 2.1 Southern Trust

Exhibit 2.1


ARTICLES OF SHARE EXCHANGE

FLORIDA PROFIT


The Board of Directors of Capital Investment Services, Inc. (CIS) has adopted a “Plan of Share Exchange” for all its outstanding common stock of Southern Trust Securities Holding Corporation (STSHC) on an equal share exchange basis effective immediately.


All shareholders will be authorized to exchange 1 share of Capital Investment Services, Inc. for 1 share of Southern Trust Securities Holding Corporation.


All directors were present, Robert Escobio (President of CIS and STSHC) and Susan Escobio. Directors present constituted a majority of the members of the Board. Shareholder approval was not required.


As set forth on the minutes dated September 14, 2002 all shareholders agreed to exchange one share of CIS for one share of STSHC, distributed as follows:


SHAREHOLDER

QUANTITY

 

 

Robert Escobio

1,340,000 

Susan Escobio

770,000 

Alina Arnoldson

110,000 

Isabel Campos

100,000 

Domingo Alvarez

100,000 

Victor Casado

112,500 

Frank Dunbar

75,000 

Eric Saba

30,000 

Michelle Brewer

25,000 

Stefano Fanfani

30,000 

Carinne Siperstein

2,500 

Pincay Investments

250,000 

Glamox Investments

50,000 

Miguel Pepe

25,000 

Venere Investments

25,000 

Howard Behar

2,500 

Jaime Behar

20,000 

Flimwell Corporation

100,000 

Bewitched Enterprises

150,000 

Jack Sadovnic

30,000 



The National Securities Dealer Association (NASD) has approved the exchange. Capital Investment Services, Inc. is a wholly owned subsidiary of Southern Trust Securities Holdings Corporation


This concludes the “Share Exchange” transaction.



/s/ Robert Escobio

 

Robert Escobio

 

President

 

Capital Investment Services, Inc. and

Southern Trust Securities Holdings Corporation