Yacht Finders changes control: 98.5% of shares acquired; CEO/director resigns, new management appointed

Yale Transaction Finders, Inc.

Investor group buys 5,120,000 shares (98.5% of outstanding) from Fountainhead Capital for $352,641 cash.
Sole director/CEO Thomas W. Colligan resigns; Jonathan J. Ledecky becomes CEO/CFO and sole director after 10-day waiting period.
Arnold P. Kling appointed President, Treasurer, Secretary; Ledecky and Kling get indemnification agreements.
Fountainhead contributes $832,305 promissory note plus $348,158 accrued interest to capital for no consideration.
Company remains a shell and will continue seeking an acquisition target.

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