Aurora, Colorado-based Eagle Eye Enterprises Inc has a preliminary letter of intent to acquire all of the issued and outstanding capital stock of Voice Powered Technology International Inc, a privately held Canoga Park, Californian company; the transaction is subject to approval by the company’s shareholders after the dissemination of a notice of special shareholders’ meeting and proxy statement which is expected to occur sometime in January; the proposed transaction contemplates a significant reverse stock split with regard to the company’s outstanding securities, an issuance of a controlling block of capital stock to the shareholders of Voice Powered Technology, a change of management and name.
