ZENX...<Changed Ticker Symbol>.......ADDL.OB

yeediggar · January 08, 2007, 05:34:26 PM

Bought a New York based Roofing Company

In line with N.Y.C. having hired James Lee Witt Associates?

Information to be Included in the Report

Item 1.01


Entry into a Material Definitive Agreement.

On December 29, 2006, Aduddell Industries, Inc. (the "Company") and Greg Hayden entered into a Stock Purchase Agreement (the "Agreement") pursuant to which the Company will acquire all of the issued and outstanding capital stock of Hayden Building Maintenance Corporation. ("Hayden") and Hudson Valley Roofing and Sheet Metal, Inc. ("Hudson"), both New York corporations.

Pursuant to the terms of the Agreement, the Company will acquire from Greg Hayden all shares of Hayden and Hudson common stock issued and outstanding prior to the Closing for an aggregate consideration of:

(i)

Six Million Dollars ($6,000,000), $250,000 of which was paid as a non-refundable deposit;

(ii)

a number of shares of common stock of the Company equal to $3,000,000 divided by the average of the closing sales prices for the 30 trading days preceding the Closing Date (but not less than $1.00), less the shares escrowed pursuant to (iii) below,

(iii)

a share certificate for a number of shares of common stock of the Company equal to $600,000 based on the criteria defined in (ii) above will be deposited in escrow with a bank as security for indemnity obligations of Greg Hayden; and

(iv)

the Company shall deliver to Greg Hayden an additional Three Million Dollars ($3,000,000) subject to the adjustments as set forth below (but the payment for each year will in no event be less than $400,000), in payments of $1,000,000 dollars on January 31 of each of the years 2008, 2009 and 2010.

The payments under (iv) above will be made if the Company has revenue of at least $30,000,000 and EBITDA (earnings before interest, taxes, depreciation and amortization) of at least $3,000,000, annually commencing with 2007. A shortfall in achieving the revenue and EBITDA target will result in the reduction of the additional payment for that year by the same percentage that the ratio that actual revenue and EBITDA bears to the revenue and EBITDA target. If Greg Hayden disputes the amounts as calculated by the Company, Greg Hayden shall promptly give the Company notice, and Greg Hayden and the Company shall each appoint a certified public accountant, the two shall appoint a third and they shall have thirty (30) days to determine the amounts by majority vote.

The Closing of the Agreement is subject to customary conditions to closing.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ADUDDELL INDUSTRIES, INC.

/s/ Reggie Cook

Reggie Cook

Chief Financial Officer and Secretary
January 8, 2007

yeediggar · March 10, 2007, 11:12:53 PM

...about ADDL's new corporate headquarters they are building I decided to call the leasing agent about leasing commercial space in the building. The building will be done in nine to ten months and will have up to 35,000/40,0000 sq ft of available space. The lease rates are $24.00 per sq ft. ADDL will go from spending money on their leased space downtown to potentially taking in $750,000 to $900,000 a year on leasing out space in their signature 'green roof' building.

You can check out my posts on Raging Bull for more information about ADDL's public contracts.

GLTY
TW

yeediggar · March 17, 2007, 02:02:45 PM

At .57 a Share ?

FYI: This post will be long.

After you read this, I think you need ask one question about this company.

Will Carothers JV with Aduddell in 2007?

PR # ONE:

Zenex International subsidiary lands temporary roofing contract with
Journal Record, The (Oklahoma City), Oct 18, 2004

"Aduddell Roofing, a subsidiary of Oklahoma City-based Zenex International, has more than 500 workers putting temporary roofs on storm-ravaged homes through a Federal Emergency Management Association contract. We kind of fell into this thing because we had a Florida license, said Zenex CEO Ron Carte."

"Aduddell, whose primary business is corporate reroofing for national accounts like General Motors and Ford, had a business relationship with one of the contractors whose bid was accepted by FEMA to make emergency repairs in Florida after Hurricane Charley. The contractor didn't have a Florida roofing license - but Aduddell did."

PR # TWO:

OKC-based Aduddell Roofing Inc. receives contract
Journal Record, The (Oklahoma City), Sep 12, 2005 by Journal Record Staff

"A joint venture formed by Aduddell Roofing Inc. of Oklahoma City and Carothers Construction has a $10 million contract with the U.S. Army Corp of Engineers to provide temporary roofing in areas with damage from Hurricane Katrina. The initial contract is for work in Pearl River, Hancock, Harrison and Jackson counties in Mississippi. Carothers was Aduddell's joint venture partner on Army Corp of Engineers temporary roofing projects in 2004 after hurricanes in Florida. With more than 200 crews working daily, the Carothers/ Aduddell team installed 14 million square feet of temporary roofing after the hurricanes in 2004."

PR # 3:

Aduddell Roofing Signs Temporary Roofing Contract with U.S. Army Corp of Engineers in Response to Hurricane Katrina
Business Wire, Sept 7, 2005

"Aduddell Roofing Inc. and Carothers Construction, Inc. have recently formed a new joint venture agreement to work with the USACE to provide this temporary roofing; subsequently, on Saturday, September 3, 2005, joint venture partners Aduddell/Carothers signed an initial contract with the U.S. Army Corp of Engineers (USACE) for $10,000,000. The initial task order from the USACE covers the Mississippi counties of Pearl River, Hancock, Harrison and Jackson to provide temporary roofing due to the damage caused by Hurricane Katrina."

"Carothers was also Aduddell's joint venture partner on USACE temporary roofing missions in 2004, during Operation Blue Roof, specifically after Hurricanes Frances, Jeanne and Ivan devastated Florida. With more than 200 crews working daily, the Carothers/Aduddell team installed over 14,000,000 square feet of temporary roofing in the aftermath of these hurricanes."

"Carothers Construction, Inc. has been performing Federal contracts for decades, including multiple contracts for the USACE through several districts such as Savannah, Mobile, Jacksonville, Omaha, Ft. Worth, and others. Carothers has been a recognized as an industry leader since its inception in 1956."

FORM 10-QSB

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

Zenex International, Inc. was incorporated on March 4, 1991, in the state of Colorado. On November 15, 2001, the shareholders approved the change of the corporate name from Lone Wolf Energy, Inc. to Zenex Telecom, Inc., which was changed on August 3, 2002, to Zenex International, Inc. (the "Company").

The Company, through a subsidiary, Aduddell Roofing and Sheet Metal, Inc., ("Aduddell Roofing"), is engaged in the roofing and re-roofing of industrial and commercial buildings in the United States and its territories. The work is performed primarily under fixed-price contracts. The lengths of the contracts vary but are typically less than one year in duration. The Company's accounting policies are in accordance with U.S. generally accepted accounting principles and conform, in general, to the predominant practices of the construction industry.

In September of 2005, Aduddell Roofing and Carothers Construction, Inc. ("Carothers") formed a joint venture named Carothers/Aduddell, a Joint Venture ("JV") to provide temporary roofing service on Mississippi structures as the result of damages caused by Hurricane Katrina. Carothers has provided contract services to the U.S. Army Corp of Engineers ("USACE") for decades and is a recognized industry leader. Oklahoma Development Group, LLC ("ODG"), a development and management company and an affiliate of the Company, was designated to manage all pre-event activities, labor procurement, housing and administrative responsibilities and manage all close out duties including final inspections and repairs associated with the hurricane. Prior to forming the JV and signing the contract with USACE, ODG implemented the planning a readiness program, procured required hurricane response items and, along with Aduddell Roofing and Carothers, prepared the proposal and all documentation that was submitted to the USACE. The JV subsequently signed contracts totaling $60,000,000 and received task orders for up to $59,000,000. Under the terms of the Joint Venture Agreement, Aduddell Roofing currently estimates the work performed by the JV will produce approximately $52,000,000 in gross revenue. The reduction of potential revenues of $60,000,000 to expected revenues of $52,000,000 under the USACE contract was the direct result of several factors related to the JV's right of entry (ROE) received from the USACE. These factors include:

o The USACE forecasts were established on an estimated average square foot per house model;

o The average decreased significantly over the originalforecast; and

o The homeowner cancellation rate escalated over the course of the project.

Cancellations were submitted because some homeowners received assistance from non-profit groups, making repairs themselves or simply changing their minds. The ROE cancellation rate by the USACE was also a major impact on the contract amount. These cancellations were primarily for homes that were beyond repair, homes that were too dangerous for contractors, homes that had more than 50% damage and duplicate ROE's. Aduddell Roofing will receive approximately $40,339,000 of the revenue, of which approximately $28,700,000 was recognized in the quarter ended September 30, 2005. Aduddell Roofing is responsible for all sales fees, material cost, labor cost and management cost. Sales and management cost includes a fee of 16.96% of the JV gross revenue, less bonding and insurance cost. The fee will be approximately $8,600,000 payable to ODG. Aduddell Roofing estimates gross profit of approximately $15,000,000 on the contract, of which approximately $10,700,000 was recognized in the quarter ending September 30, 2005.

During the last quarter of 2004, Aduddell Roofing contracted to provide temporary roofing for residential properties in Florida as the result of damages caused by four hurricanes. Revenues from contracts through the Federal Emergency Management Administration (FEMA) amounted to approximately $11,000,000.

MY DD, PLEASE LET ME KNOW IF I AM WRONG- ty

Mobile District: On November 30, 2005, the Corps Mobile District office issued
solicitation W91278-06-R-0007 for IDIQ contracts for Contingency Contract
Initiative Temporary Roof Repairs in 10 states: Maryland, Virginia, North
Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, and
Texas. The Corps planned to make multiple contract awards: three unrestricted awards; one Historically Underutilized Business Zone set-aside contract; one Service-Disabled Veteran-Owned Small Business; and * two contracts per state to small disadvantaged businesses, with the business being certified in the state in which the contract is awarded. The estimated maximum dollar value of the five contracts awards to other than small disadvantaged businesses was $100 million per contract. Those five contracts have provisions allowing for an increase in total award value, if warranted, due to the magnitude of storm devastation experienced.

Between March 17 and May 24, 2006, the Corps Mobile District office awarded
12 contracts for temporary roofing. Six contracts were * 8(a) set-asides, four
contracts were unrestricted, one contract was a Service-Disabled Veteran-Owned Small Business award, and one contract was a Historically Underutilized Business Zone set-aside award.

W91278-06-D-0049 Carothers Construction -POC Matt Mills
(Unrestricted -7084 CR 436 10 States) * Prime Contractor
P.O. Drawer 687
Kim Jones
Valley, MS 38965
Ofc (662) 473 2525
Fax (662) 473-4519
[email protected]
[email protected]
Amount: NTE $100,000,000.00

W91278-06-D-0048 Campbell Roofing & POC Eric Campbell
(Unrestricted - Construction, Inc. Ofc (904) 221-0167 10 States) * Prime Contractor
P.O. Box 2433 * 8(a) Award for the State of Georgia
Fax (904) 221-0828
Warner Robins, GA 31099 Cell (904) 803-3889
[email protected]
POC Erica Campbell
Ofc (904) 221-0167
Fax (904) 221-0828
cell (904) 874-9223
Amount: $100,000,000.00 (NTE)

W91278-06-D-0051 Ceres Environmental Ofc
(Unrestricted) 3825 85 TH Ave. N (877) 786-7612 (10 States) * Prime Contractor
Brooklyn Park, MN 55443 (763) 425-8822
Fax (866) 228-5636
[email protected]
POC David McIntyre
(763) 458-6900
Amount: NTE $100,000,000.00

Description: INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ)
CONTRACT FOR CONTINGENCY CONTRACT INITIATIVE (CCI)
TEMPORARY ROOF REPAIRS IN SUPPORT OF USACE/FEMA DISASTER
RESPONSES IN MD, VA, NC, SC, GA, FL, AL, MS LA, AND TX
Location: HubZone Award for the All Ten (10) States
Location: STATE OF MISSISSPI

W91278-06-D-0047 S & M AND ASSOCIATES, INC.
1126 Jackson Ave., Suite 308D * "Historically Underutilized Business Zone"
Pascagoula, MS 39567
(228) 202-3323
FAX (228) 762-2101
Amount: NTE $100,000,000.00

Contract No.: W91278-06-D-0036
Solicitation No.: W91278-06-R-0007
Description: Indefinite Delivery Indefinite Quantity (IDIQ) Contract for Contingency Contract Initiative (CCI) Temporary Roof
Repairs Supporting USACE/FEMA Disaster Response (MD, VA, NC, SC, GA, FL, AL, MS, LA and TX)
Location: Service-Disabled Award for the All Ten (10) States
Awarded: Ironclad – EEI – A Joint Venture
2835 Hollywood Blvd., 3re Floor
Hollywood, FL 33020
(954) 925-4980
FAX (954) 927-5824
Date: 07 April 2006
Amount: NTE $100,000,000.00

Contract No.: W91278-05-D-0028
Solicitation No.: W91278-05-R-0076

Description: Indefinite Delivery Indefinite Quantity (IDIQ) Contract
For Advance Contract Initiative for Temporary Roof
Repairs in Support of USACE/FEMA Disaster Responses
In Florida, Georgia, North Carolina, South Carolina and Alabama

Awarded: Crown Roofing Services, Inc. (8a LA) (8a TX)
5 East Third Street
Kenner, LA 70062
(504) 464-4644
Date: 8 July 2005

Amount: NTE $3,000,000.00

Amount: $ 255,800.00 performed on contract.

Solicitation Number: W91278-06-R-0007

Crown Roofing Services, Inc.
Small Business Note: "small disadvantaged businesses"
POC: Ray Palmer
[email protected]
5 East Third Street
Kenner, LA 70062
PHONE: 504-464-4644 FAX: 504-468-2094

Amount: NTE $25,000,000.00

http://www.mvn.usace.army.mil/hps/Critical_Facilities.htm

Prime Contractors:

Following is a list of prime contractors for U.S. Army Corps of Engineers response and recovery efforts following Hurricane Katrina.

Crown Roofing Services Inc.
Subcontracting opportunities POC: Ray Palmer
Tel: 504.464.4644
[email protected]
Contract # W912P8-06-C-0025 http://www.mvd.usace.army.mil/hurricane/CT/W912P8-06-C-0025.pdf

W91278-06-D-0056 ACME Roof & Sheet Metal Co., Inc/ITS Joint Venture
Indefinite Delivery Indefinite Quantity (IDIQ) Contract for
Contingency Contract Initiative (CCI) Temporary Roof
Repairs Supporting USACE/FEMA Disaster Response
(MD, VA, NC, SC, GA, FL, AL, MS, LA and TX)
Location: Service Disabled Award for All Ten (10) States
37 Banner Street
POC: David Carroll, Jr. * "Service-Disabled Veteran-Owned Small Business"
Dothan, AL 3630
Ofc (334) 983-3577
Fax (334) 983-6321
Amount: NTE $100,000,000.00

W91278-06-D-0033 Carter's Contracting Svce POC Mertha Carter (8a AL)
23263 Harmony Church Rd
Andalusia, AL 36421
(334) 222-8370
[email protected]

W91278-06-D-0044 MGC/Campbell Roof POC Marvin Campbell (8a GA)
& Construction, Inc. Ofc (478) 328-6369
56 Green Street
Cell (478) 256-7199
Warner Robins, GA 31099 Eric Campbell
Cell (904) 803-3889
POC Erica Campbell
Cell (904) 874-9223
[email protected]
Amount: NTE $25,000,000.00

W91278-06-D-0045 Pete & Ron Tree Service POC Pete Fernandez (8a FL)
4615 N. Hale Avenue Ofc (813) 876-4444
Tampa, FL 33614
Fax (813) 876-5328
Cell (813) 503-5692
[email protected]
POC Ron White
Cell (813) 503-5693

W91278-06-D-0046 R. L. Campbell Roofing Co POC Roy Campbell (8a FL)
76 S. Laura St, Ste. 2102 Ofc (904) 359-8900
Jacksonville, FL 32202
Fax (904) 359-8999
Cell (850) 259-4930
[email protected]
POC Kenneth Walker
Cell (904) 534-3503
[email protected]
Amount: $100,000,000.00 (NTE)

W91278-06-D-0046 S & M and Associates, Inc. (8a LA)
Small Disadvantaged Business Note: "small disadvantaged businesses"
POC: Darron Miles
[email protected]
1126 Jackson Ave., Suite 308C
Pascagoula, MS 39567
PHONE: 228-762-2100 FAX: 228-762-2101
Amount: NTE $100,000,000.00

GLTY
TW

setravis · March 21, 2007, 06:19:43 PM

Changed Ticker Symbol.......
'ZENX' is no longer valid. It has changed to ADDL.OB.

yeediggar · May 30, 2007, 10:21:41 PM

Get Ready For the ADDL Bull Run

Been a long time coming folks but I got more info than IR these days! FYI The Equity Group has a great shareholder packet you can get on ADDL. Oh, and Tim's not happy with the PPS. Part of Equity Group's task is to get institutional investors and long term accredited investors in the stock.

Its' a lot of links, but look at it this way each one has more!

LOL!

3SOF

News:

ZENX...<Changed Ticker Symbol>.......ADDL.OB

yeediggar

yeediggar

yeediggar

setravis

yeediggar