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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;UNITED
STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Form&#160;&#160;8-K</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Of
the Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event
reported):&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;January
29, 2009</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FLINT
TELECOM GROUP, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">- - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - -</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
Name of Registrant as Specified in its Charter)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Nevada</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">0-21069</font></div>
            </td>
            <td valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">36-3574355</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other jurisdiction of incorporation or organization)</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
      File Number)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
      Employer Identification No.)</font></div>
            </td>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3390
Peachtree Rd. NE, Suite 1000, Atlanta, GA 30326</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">----------------------------------------------------------------------------------------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
of Principal Executive Offices)&#160;&#160;&#160;(Zip Code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(404) &#8211;
254-6980</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-----------------------------------------------------------------</font></div>
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Telephone Number, including area code)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Formerly
named Semotus Solutions, Inc.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---------------------------------------------------------------------------</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font><font style="DISPLAY: inline"> Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font><font style="DISPLAY: inline">&#160;&#160;Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font><font style="DISPLAY: inline">&#160;&#160;Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font><font style="DISPLAY: inline">&#160;&#160;Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">The information set forth in</font> Item 2.01 below
<font style="DISPLAY: inline">is </font><font style="DISPLAY: inline">incorporated herein by reference</font> as it relates to
the following material definitive agreements:</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Agreement
      and Plan of Merger by and among Flint Telecom Group, Inc. (&#8220;Flint&#8221;), Flint
      Acquisition Corps. (A-E), each a wholly owned subsidiary of Flint, China
      Voice Holding Corp. (&#8220;CHVC&#8221;), and CVC Int&#8217;l Inc., Cable and Voice
      Corporation, StarCom Alliance Inc, Dial-Tone Communication Inc, Phone
      House Inc. (of Florida), and Phone House, Inc. (of California), each a
      wholly-owned subsidiary of CHVC dated January 29, 2009 (the &#8220;Merger
      Agreement&#8221;);</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
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            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stock
      Purchase Agreement by and among Flint and CHVC dated January 29, 2009 (the
      &#8220;CHVC Stock Purchase Agreement&#8221;);</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Flint
      Promissory Note to CHVC dated January 29, 2009
;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
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            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Security
      Agreement by and among Flint and CHVC dated January 29, 2009 (the
      &#8220;Security Agreement&#8221;);</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
      Stock and Warrant Purchase Agreement by and among Flint and Redquartz
      Atlanta, LLC (&#8220;Redquartz&#8221;) dated January 29, 2009 (the &#8220;Redquartz Stock
      and Warrant Purchase Agreement&#8221;);</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Flint
      Warrant Certificate to Redquartz dated January 29, 2009 (the
      &#8220;Warrant&#8221;);</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stock
      Purchase Agreement by and among Flint and David Tracey dated January 29,
      2009;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employment
      Agreement by and among Flint and Bill Burbank dated January 29, 2009;
      and</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 5px">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 66px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font></div>
            </td>
            <td width="1174">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Agreement
      and Plan of Corporate Separation and Reorganization by and among Flint and
      Semotus, Inc. dated January 29,
2009.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
2.01&#160;&#160;COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 29, 2009, five wholly owned subsidiaries of Flint Telecom Group, Inc.
(&#8220;Flint&#8221;) merged with six wholly owned subsidiaries of China Voice Holding Corp.
(&#8220;CHVC&#8221;) in exchange for 21,000,000 shares of our restricted common stock and
$1,500,000 in cash, $500,000 of which was paid at the Closing, a second
installment in the amount of $500,000 to be paid on February 12, 2009 and the
remaining $500,000 to be paid on March 31, 2009, pursuant to the Merger
Agreement.&#160;&#160;The foregoing description of the Merger Agreement is
qualified in its entirety by reference to the full text of the Merger Agreement,
which is attached hereto as Exhibit 2.1 and is incorporated herein by
reference<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The CHVC
subsidiary companies that Flint acquired provide the following telecom services
and / or distribute the following telecom products:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
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            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CVC&#160;&#160;Int&#8217;l,
      Inc. was&#160;&#160;established&#160;&#160;in January&#160;&#160;2007, and
      is a provider of wholesale VoIP telecommunications services located in
      South Florida.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cable
      and Voice Corporation&#160;&#160;was&#160;&#160;established&#160;&#160;on
      June 1,&#160;&#160;2008,&#160;&#160;and is a master distributor of
      advanced&#160;&#160;broadband&#160;&#160;products and services located in
      Tampa, Florida.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
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      </font></div>
            </td>
            <td style="WIDTH: 18pt">
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            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">StarCom&#160;&#160;Alliance,
      Inc. was established&#160;&#160;in&#160;&#160;January&#160;&#160;2008, and
      is a master distributor of prepaid cellular products and
      services.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
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          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Phone
      House Inc.&#160;&#160;of Florida was established on March 6, 2008, Phone
      House, Inc. of California was established on June 12, 2001 (and
      subsequently acquired by CHVC in June 2007) and Dial-Tone Communication
      Inc. was established on July 19, 2007; each provides discount calling
      cards that enable users who purchase cards in the United States to call
      China, India, Mexico, Africa, South
      America,&#160;&#160;Brazil,&#160;&#160;Bangladesh,&#160;&#160;and other
      countries throughout the world at significant
  savings.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As part
of the closing of the transaction<font style="DISPLAY: inline"> and in addition
to the issuance of the common stock </font><font style="DISPLAY: inline">and
cash paid as </font><font style="DISPLAY: inline">noted above</font>, Flint also
acquired 15,000,000 shares of restricted common stock of CHVC in exchange for
$1,500,000, $750,000 of which will be paid on February 27, 2009 and the
remaining $750,000 to be paid on April 30, 2009, pursuant to the CHVC Stock
Purchase Agreement.<font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">Additionally, </font>Flint issued a Promissory Note to
CHVC dated January 29, 2009, in an amount of $7,000,000<font style="DISPLAY: inline">, pursuant to which Flint is obligated to make payments
as </font><font style="DISPLAY: inline">follows:</font> $2,333,333.33 on or
before December 31, 2009; $2,333,333.33 on or before July 31, 2010, and
$2,333,333.34, plus any remaining balance due on the Note on or before December
31, 2010 <font style="DISPLAY: inline">(the &#8220;Note&#8221;). </font>The Note shall not
bear any interest pre-default; The Note will bear interest at Eighteen percent
(18%) per year for any period of time when a payment is past due.<font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">15,000,000
shares of CHVC restricted common stock are attached</font><font style="DISPLAY: inline"> to the Note as collateral, pursuant</font><font style="DISPLAY: inline"> to a Security Agreement</font>.&#160;&#160;The
foregoing description of the Stock Purchase Agreement, Note and Security
Agreement are qualified in their entirety by reference to the full text of the
Stock Purchase Agreement, Note and Security Agreement, which are attached hereto
as Exhibits 4.1, 4.2 and 4.3, and are incorporated herein by reference.<font style="DISPLAY: inline">&#160;</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
determining the amount of cash and number of common shares of Flint to be issued
to CHVC in the merger, their respective managements placed primary value on the
Targets&#8217; assets, including the ongoing involvement of Bill Burbank in operating
the Targets and bringing&#160;cost savings to be achieved through economies of
scale&#160;to Flint, as the Parent Company.&#160;&#160;Additional factors that
were considered were the operational synergies between the two companies, and
the ability to reduce a material amount of expenses through consolidation of the
companies.&#160;&#160;Management expects the merger to result in a profitable
ongoing business with meaningful revenues and, in the short term, to give
management the ability to raise adequate operating capital so that the combined
company can reach profitability sooner together as a combined entity, rather
than continuing to operate independently.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to finance the transaction, Flint simultaneously entered into a Common Stock and
Warrant Purchase Agreement with Redquartz Atlanta, LLC (&#8220;Redquartz&#8221;), in which
Flint sold to Redquartz 5,454,545 shares of Flint restricted common stock at
$0.275 per share and issued 3,750,000 warrants to purchase shares of Flint&#8217;s
common stock at $0.40 per share, having a three year term and a cashless
exercise provision, in exchange for $1,500,000. Additionally, on January 29,
2009, Flint entered into a Stock Purchase Agreement with Mr. David Tracey, in
which we sold 1,454,545 shares of restricted common stock at $0.275 per share to
Mr. Tracey in exchange for $400,000. The foregoing description of the common
stock and warrant purchases are qualified in their entirety by reference to the
full text of the Common Stock and Warrant Purchase Agreement, the Warrant
Certificate and the Stock Purchase Agreement, which are attached hereto as
Exhibits 4.4, 4.5 and 4.6, and are incorporated herein by reference</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Also as
part of the closing of the transaction, Flint <font style="DISPLAY: inline">entered into an </font>employment agreement<font style="DISPLAY: inline"> with Mr. </font><font style="DISPLAY: inline">Bill
Burbank</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the CEO of CHVC
and President of each of the Targets, effectuating the following:&#160;&#160;(i)
Mr. Burbank&#8217;s title is President and COO of Flint; (ii) Mr. Burbank was
appointed as a member of Flint&#8217;s Board of Directors, and (iii) Mr. Burbank <font style="DISPLAY: inline">was</font> issued 2,000,000 shares of restricted common
stock vesting over a period of four years, such that &#188; of the shares shall vest
at the first annual anniversary of the Effective Date, and quarterly thereafter
so that 100% of the shares shall be fully vested at his four year anniversary
with Flint. The foregoing description of Mr. Burbank&#8217;s<font style="DISPLAY: inline">&#160;</font>Employment Agreement is qualified in its
entirety by reference to the full text of the Employment Agreement, which is
attached hereto as Exhibit 10.1 and is incorporated herein by
reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additionally,
as part of the closing of the transaction, two other executive officers from
CHVC, John Iacovelli and Jose Ferrer,<font style="DISPLAY: inline">&#160;</font>have <font style="DISPLAY: inline">become
</font><font style="DISPLAY: inline">executive officers</font><font style="DISPLAY: inline"> of</font> Flint<font style="DISPLAY: inline">.&#160;&#160;As</font> a hiring and retention incentive,
in lieu of issuing stock options under our <font style="DISPLAY: inline">existing </font>stock option plan, <font style="DISPLAY: inline">our Board has approved the issuance of up to
</font><font style="DISPLAY: inline">1,000,000</font> shares of restricted
common stock to these executive officers,<font style="DISPLAY: inline"> which
is</font><font style="DISPLAY: inline"> subject to vesting</font> over a period
of four years such that 25% of the shares vest at their first annual anniversary
and 6.25% of the shares vest quarterly thereafter so that 100% shall be fully
vested at the end of four years</font></div>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
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        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Therefore,
on a fully diluted basis, taking into consideration <font style="DISPLAY: inline">(i) </font>our outstanding stock<font style="DISPLAY: inline"> on the date of the closing, (ii)</font> the stock
issuance to CHVC as part of the Merger Agreement (iii) the stock issuance to Mr.
Burbank <font style="DISPLAY: inline">under his employment agreement,
(iv</font><font style="DISPLAY: inline">) the </font><font style="DISPLAY: inline">aggregate number of share of </font><font style="DISPLAY: inline">stock </font><font style="DISPLAY: inline">and shares
underlying the warrants </font><font style="DISPLAY: inline">issued </font><font style="DISPLAY: inline">to Redquartz in exchange for its</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">$1,5</font><font style="DISPLAY: inline">00,000
</font><font style="DISPLAY: inline">investment</font><font style="DISPLAY: inline"> (iv) the aggregate number of shares of stock issued to
Mr. Tracey in exchange for his $400,000 investment, (v) the stock </font><font style="DISPLAY: inline">we intend to issue to</font> other key employees as
described above<font style="DISPLAY: inline">,</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">and
(vi</font><font style="DISPLAY: inline">) the aggregate number of shares
underlying</font> our outstanding convertible promissory notes, stock options
<font style="DISPLAY: inline">and</font> warrants, <font style="DISPLAY: inline">we</font> <font style="DISPLAY: inline">have an
aggregate</font> of approximately 100,000,000 shares outstanding<font style="DISPLAY: inline">.&#160;&#160;As a result of</font> all of the
transactions described above <font style="DISPLAY: inline">and effective as of
the closing,</font> the existing Flint shareholders <font style="DISPLAY: inline">now own</font> approximately 76%, and CHVC and its
shareholders <font style="DISPLAY: inline">now own</font> approximately 24% of
our total <font style="DISPLAY: inline">outstanding shares on a fully-diluted
basis</font>.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 29, 2009, Flint issued a&#160;press release with respect to the merger
transaction with CHVC.&#160;&#160;A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.&#160;The information
contained in the attached press release is &#8220;furnished&#8221; but not &#8220;filed&#8221; for
purposes of the Securities Exchange Act of 1934, as amended.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additionally,
on January 29, 2009, Flint sold all of the assets and liabilities of its
&#8216;Semotus Business&#8217; or &#8216;Solutions Division&#8217; to Mr. Anthony LaPine for 3,508,000
shares of restricted common stock of Flint owned by Mr. LaPine. Mr. LaPine
exercised his right to purchase the Semotus Business/Solutions Division from
Flint,&#160;in accordance with Section 8.2(f) of the Contribution Agreement by
and among Semotus Solutions, Inc. (now named Flint Telecom Group, Inc., and
referred to as &#8220;Flint&#8221;) and Flint Telecom, Inc. dated April 23, 2008, attached
hereto as Exhibit 2.2, in exchange for 3,508,000 shares of restricted common
stock of Flint owned by Mr. LaPine.&#160;&#160;This transaction was further
clarified and consummated by the Agreement and Plan of Corporate Separation and
Reorganization by and among Flint and Semotus, Inc. executed as of&#160;January
29, 2009, pursuant to which Flint transferred all of the assets and properties,
subject to all the liabilities, debts, obligations and contracts, of the
Solutions Division to Semotus, Inc. in exchange for Mr. LaPine&#8217;s 3,508,000
shares of restricted common stock of Flint.&#160;The &#8220;Semotus Business&#8221;, as set
forth in Section 7.18 of the Contribution Agreement, is defined as the
operations of Semotus as conducted immediately prior to the acquisition
transaction of Flint that closed on October 1, 2008, and does not reflect the
business operations of Flint acquired in connection with that
transaction.&#160;The foregoing description of the Semotus Business disposition
is qualified in its entirety by reference to the full text of the Agreement and
Plan of Corporate Separation and Reorganization, which is attached hereto as
Exhibit 2.3 and is incorporated herein by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
2.03&#160;&#160;CREATION OF A DIRECT FINANCIAL OBLIGATION</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">The information set forth in</font> Item 2.01 above
<font style="DISPLAY: inline">is incorporated herein by reference</font> as it
relates to Flint&#8217;s obligation to pay a total of $1,500,000 to CHVC pursuant to
the Merger Agreement, $1,500,000 to CHVC pursuant to the Stock Purchase
Agreement and Flint&#8217;s obligation to pay a total of $7,000,000 to CHVC pursuant
to the Note, attached as Exhibits 2.1, 4.1 and 4.2, respectively.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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        </div>
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        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
3.02&#160;&#160;UNREGISTERED SALES OF EQUITY SECURITIES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">The information set forth in</font> Item 2.01 above
<font style="DISPLAY: inline">is incorporated herein by reference</font> as it
relates to the issuance of 21,000,000 shares of restricted common stock to China
Voice Holding Corp., the issuance of a total of 3,000,000 shares of restricted
common stock to Messrs. Burbank, Iacovelli and Ferrer, vesting over a period of
four years,<font style="DISPLAY: inline"> the issua</font><font style="DISPLAY: inline">nce of an aggregate of 5,454,545</font><font style="DISPLAY: inline"> shares of restricted c</font><font style="DISPLAY: inline">ommon stock </font><font style="DISPLAY: inline">and
</font><font style="DISPLAY: inline">3,750,000 </font><font style="DISPLAY: inline">shares underlying the warrants issued </font><font style="DISPLAY: inline">to Redquartz</font><font style="DISPLAY: inline">
Atlanta, LLC</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">in exchange for</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">its
</font><font style="DISPLAY: inline">$1,500,000 investment</font><font style="DISPLAY: inline"> into Flint,</font><font style="DISPLAY: inline"> and
the issuance of 1,454,545</font><font style="DISPLAY: inline"> shares of
restricted common stock to Mr. David Tracey in exchange for his investment of
$400,000 into Flint</font>.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">We believe our offering and sale of the securities in
the above transaction, made only to accredited investors and certain persons
outside of the</font><font style="DISPLAY: inline"> United States, were exempt
from registration under</font><font style="DISPLAY: inline"> Section 4(2) of the
Securities Act </font><font style="DISPLAY: inline">and Regulation
S.&#160;&#160;The certificates representing the securities issued contain a
legend to the effect that such securities were not</font><font style="DISPLAY: inline"> registered under the Securities Act </font><font style="DISPLAY: inline">a</font><font style="DISPLAY: inline">nd may not be
transferred except pursuant to an effective registration statement or pursuant
to an exemption from such</font><font style="DISPLAY: inline"> registration
requirements</font><font style="DISPLAY: inline">.&#160;&#160;</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
5.02&#160;&#160;DEPARTURE OF DIRECTORS OR <font style="DISPLAY: inline">CERTAIN</font> OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF <font style="DISPLAY: inline">CERTAIN</font> OFFICERS<font style="DISPLAY: inline">; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">The information set forth in Item 2.01 above is
incorporated herein by reference</font><font style="DISPLAY: inline">, as it
relates to Mr. Bill Burbank</font><font style="DISPLAY: inline">. </font><font style="DISPLAY: inline">Effective January 29</font><font style="DISPLAY: inline">, 2009, we appointed Mr.</font> Bill Burbank as our
President, Chief Operating Officer and as a new member to our Board of
Directors<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">Additionally,
on January 2</font><font style="DISPLAY: inline">9, 2009, we appointed
Stephen</font><font style="DISPLAY: inline"> Keaveney and Garrett </font><font style="DISPLAY: inline">A. </font><font style="DISPLAY: inline">Sullivan as new
members of our Board of Directors.&#160;&#160;</font>To effectuate these new
board appointments, <font style="DISPLAY: inline">our</font><font style="DISPLAY: inline"> board of directors took such actions as was necessary
to increase the size of the </font><font style="DISPLAY: inline">Flint board of
directors to seven</font><font style="DISPLAY: inline"> directors, with the
vacancies created by such board increase filled by Mr. Burbank</font><font style="DISPLAY: inline">, Mr. Keaveney and Mr. Sullivan</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">Neither
</font><font style="DISPLAY: inline">Mr. Burbank nor </font><font style="DISPLAY: inline">Mr. Keaveney </font><font style="DISPLAY: inline">qualify as</font><font style="DISPLAY: inline">&#160;</font><font style="DISPLAY: inline">&#8220;</font><font style="DISPLAY: inline">independent&#8221;</font><font style="DISPLAY: inline">
director</font><font style="DISPLAY: inline">s</font><font style="DISPLAY: inline">, as that term is defined by the NASDAQ
Stock</font><font style="DISPLAY: inline"> Market and the SEC, and </font><font style="DISPLAY: inline">t</font><font style="DISPLAY: inline">he</font><font style="DISPLAY: inline">y</font><font style="DISPLAY: inline"> will</font><font style="DISPLAY: inline"> not</font><font style="DISPLAY: inline"> be serving on
any Board Committees.&#160;&#160;</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Also
effective as of January 29, 2009, we appointed John Iacovelli as our Chief
Technology Officer and Jose Ferrer as our Executive Vice President of Business
Development.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following is a description of the business experience of Messrs. Burbank,
Keaveney, Garrett, Iacovelli and Ferrer for at least the past five
years:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Bill Burbank</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">, age </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">50</font>. Bill Burbank is also
currently serving as China Voice Holding Corp.&#8217;s Chief Executive Officer,
President and a Director, and has been in those positions since September
2006.&#160;&#160;Mr. Burbank&#160;&#160;brings more than 25 years
of&#160;&#160;success in business development and
operations&#160;&#160;experience to the company. He has extensive
experience&#160;&#160;in&#160;&#160;working&#160;&#160;with&#160;&#160;both&#160;&#160;private&#160;&#160;and&#160;&#160;public&#160;&#160;emerging&#160;&#160;&#160;technology
development&#160;&#160;companies&#160;&#160;in the U.S., Canada&#160;&#160;and
Asia.&#160;&#160;He was Chief Executive Officer of DTNet Technologies from April
2006 until it was acquired by CHVC, where he became its Chief Executive
Officer.&#160;&#160;Prior to that, Mr. Burbank was Chief Operating Officer of
VoIP, Inc. from December 2004 to February 2006, where he managed the operations
of multiple subsidiaries in the telecommunications market with combined
annual&#160;&#160;revenues over $40 million.&#160;&#160;Mr. Burbank was Vice
President of Business Development&#160;&#160;and
Chief&#160;&#160;Marketing&#160;&#160;Officer for Pony Express U.S.A., Inc., a
package delivery company, from October 2002 to November 2004.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Stephen Keaveney, age
44.</font>&#160;&#160;Mr. Keaveney is a serial entrepreneur and business
consultant. In 2007 he founded Redquartz Atlanta, LLC and Atlanta Property Fund,
LLC, vehicles to invest in property development opportunities in the
Southeastern U.S.&#160;&#160;He also founded M3 Lighting, LLC, a distributor of
indoor lighting products. In 2005 Mr. Keaveney founded, built and exited through
a trade sale, Broadworks Communications Ltd.&#160;&#160;Mr. Keaveney also
founded Montaigne Investments through a merger of Keaveney Ventures, which was
sold in December 2005.&#160;&#160;From 2001 to 2005 he founded and built a
successful corporate finance consultancy business based in Dublin, Ireland,
named Keaveney Ventures, which advised Irish businesses on fundraising,
acquisition and strategic matters. From 1999- 2001, Mr. Keaveney was a founding
manager and shareholder of eTel Group, a telecommunications company that
provides voice, data and Internet services to corporate customers in Central
Europe. In 1989 Mr. Keaveney was a founder of Cable Management Ireland Limited
(CMI) where he held the position of Finance Director, responsible for Business
Development, from CMI&#8217;s inception in 1989 until its sale in 1999 to
AT&amp;T-owned Liberty Media Group. Mr. Keaveney is a former member of the Irish
Government's Information Society Group, which advises Ireland's Prime Minister
on the impact of information technology.&#160;&#160;His previous experience also
includes a position of Certified Public Accountant - Deloitte, New York
City.&#160;&#160;He holds a BA in Accounting from Villanova University (1986)
and an MBA in Finance from Pepperdine University, 1988-1989. He is a Certified
Public Accountant (CPA) in the State of Pennsylvania.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Garrett A. Sullivan, age
74</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-FAMILY: Times New Roman">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Mr. Sullivan was
President of Applied Digital Solutions (ADS) from March&#160;1995 until he
retired in January 2002.&#160;&#160;He served as a member of the Board of
Directors of ADS from August 1995 until January 2002.&#160;&#160;He was acting
Secretary of ADS from March&#160;&#160;1995 to&#160;&#160;March&#160;&#160;1996
and&#160;&#160;acting&#160;&#160;Chief&#160;Financial&#160;&#160;Officer from
March 1995 to February 1997. From 1993 to 1994 he was an&#160;Executive Vice
President of Envirobusiness, Inc. From 1988 to 1993, he served as&#160;President
and Chief Operating&#160;&#160;Officer of two
medium&#160;&#160;sized&#160;&#160;companies&#160;&#160;in the&#160;electronics
and chemical&#160;&#160;industries&#160;&#160;which were owned by Philips North
America.&#160;He was previously a partner in the Bay Group, a merger and
acquisition firm in&#160;New Hampshire from 1988 to 1993. From 1991 to 1998 Mr.
Sullivan was President of&#160;Granada Hospital
Group,&#160;&#160;Burlington,&#160;&#160;Massachusetts.&#160;&#160;Mr.&#160;&#160;Sullivan&#160;&#160;received
a&#160;Bachelor of Arts degree from Boston&#160;&#160;University in 1960 and
obtained an MBA from&#160;Harvard University in 1962.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">John Iacovelli, age
53.&#160;&#160;</font>John Iacovelli served as China Voice Holding Corp.&#8217;s Chief
Information Officer since October, 2006. Previously, he was Director of Special
Projects, for VoIP, Inc. from October 2004 to February 2006,&#160;&#160;where he
was&#160;&#160;responsible&#160;&#160;for a variety of&#160;&#160;technical
initiatives.&#160;&#160;Mr. Iacovelli was Chief Information Officer of Pony
Express from July 2002 to September 2004, where he oversaw a network
infrastructure spanning nine locations in Florida, and personally developed
Microsoft&#160;&#160;Windows(TM) and Internet-based&#160;&#160;software
for&#160;&#160;customers&#160;&#160;such as the State of
Florida.&#160;&#160;From May 1998 to August 2001, Mr. Iacovelli worked as a
marketing manager in the speech recognition field for Registry Magic and
Foresight Technologies.&#160;&#160;Mr. Iacovelli worked at
Clarion&#160;&#160;Software as its Director of Marketing&#160;&#160;from March
1994 to May 1998, where he launched the first Rapid
Application&#160;&#160;Development&#160;&#160;environment to produce compiled
executables for Microsoft&#160;&#160;Windows(TM),&#160;&#160;and later the first
32
bit&#160;&#160;&#160;executables,&#160;&#160;&#160;and&#160;&#160;as&#160;&#160;Vice&#160;&#160;President&#160;&#160;of&#160;&#160;Marketing&#160;&#160;at&#160;&#160;its&#160;&#160;successor
corporation,&#160;&#160;SoftVelocity,&#160;&#160;from July 2001 to July
2002.&#160;&#160;Before that, he was Senior Product&#160;&#160;Manager at Expert
Software from January 1990 to March 1994 where
he&#160;&#160;produced&#160;&#160;many
best&#160;&#160;selling&#160;&#160;software&#160;&#160;titles in the
retail&#160;&#160;market such as Expert Home Design.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Jose Ferrer, age
53.&#160;&#160;</font>Jose Ferrer served as China Voice Holding Corp.&#8217;s Chief
Operating Officer since January 7 2008. Mr. Ferrer has extensive international
experience in leading people and project team, implementing and overseeing
technology programs and administering budgets and operations.&#160;&#160;Mr.
Ferrer served as Executive&#160;&#160;Vice&#160;&#160;President of MacroVoice
Networks&#160;&#160;from&#160;&#160;07/2001to&#160;&#160;12/2002&#160;&#160;where
he managed&#160;&#160;OEM&#160;&#160;relations&#160;&#160;with major
companies&#160;&#160;such as LG&#160;&#160;Electronics&#160;&#160;and
Dell&#160;&#160;amongst&#160;&#160;others&#160;&#160;for the supply of
innovative voice and data platforms.&#160;&#160;During his tenure at this
company,&#160;&#160;he was
instrumental&#160;&#160;in&#160;&#160;sourcing,&#160;&#160;contracting&#160;&#160;and&#160;&#160;launching&#160;&#160;a&#160;&#160;leading&#160;&#160;edge&#160;&#160;VoIP
hardware/software solution which&#160;&#160;connected to existing legacy PBX's
to provide low cost LD service to corporate clients</font></div>
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        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
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        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Pursuant to the terms of his</font><font style="DISPLAY: inline"> employment,</font><font style="DISPLAY: inline"> Mr.
Burbank</font><font style="DISPLAY: inline"> will receive</font><font style="DISPLAY: inline"> salary in the amount of $186,000</font><font style="DISPLAY: inline"> per year </font><font style="DISPLAY: inline">and
2,0</font><font style="DISPLAY: inline">00,000 shares of restricted
commo</font><font style="DISPLAY: inline">n stock</font><font style="DISPLAY: inline">&#160;</font>vesting over a period of four years, such
that &#188; of the shares shall vest at the first annual anniversary of the Effective
Date, and quarterly thereafter so that 100% of the shares shall be fully vested
at his four year anniversary with Flint<font style="DISPLAY: inline">.&#160;&#160;</font>However, during the time Mr. Burbank
is an Officer of China Voice Holding Corp. he will be compensated as follows:
January 2009, 60% of base monthly salary and for months thereafter , 90% of
monthly base salary. <font style="DISPLAY: inline">Mr. Burbank</font><font style="DISPLAY: inline"> will be e</font><font style="DISPLAY: inline">ntitled
to participate in all of Flint</font><font style="DISPLAY: inline">&#8217;</font><font style="DISPLAY: inline">s </font><font style="DISPLAY: inline">employee benefit
</font><font style="DISPLAY: inline">plans and Flint </font>shall pay for 100%
of the costs to provide him with &#8220;family&#8221; coverage for medical and dental
insurance<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> If
Mr. Burbank resigns from Flint at any time prior to his four year anniversary,
he shall be entitled to all vested shares as of the date of resignation. If his
employment is discontinued after the initial term of this agreement or if he is
terminated without cause, Mr. Burbank shall be entitled to receive full vesting
of all 2,000,000 shares. The foregoing description of the terms of employment of
Mr. Burbank are qualified in their entirety by reference to the full text of Mr.
Burbank&#8217;s Employment Agreement, which is attached hereto as Exhibits 10.1, and
is incorporated herein by reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the terms of his employment, Mr. Iacovelli will receive salary in the amount
of $100,000 per year and 500,000 shares of restricted common stock vesting over
a period of four years, such that &#188; of the shares shall vest at the first annual
anniversary of the Effective Date, and quarterly thereafter so that 100% of the
shares shall be fully vested at his four year anniversary with
Flint.&#160;&#160;Mr. Iacovelli will also be entitled to participate in all of
Flint&#8217;s employee benefit plans.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the terms of his employment, Mr. Ferrer will receive salary in the amount of
$125,000 per year and 500,000 shares of restricted common stock vesting over a
period of four years, such that &#188; of the shares shall vest at the first annual
anniversary of the Effective Date, and quarterly thereafter so that 100% of the
shares shall be fully vested at his four year anniversary with
Flint.&#160;&#160;Mr. Ferrer will also be entitled to participate in all of
Flint&#8217;s employee benefit plans.</font></div>
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</font></div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
9.&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a) <font style="DISPLAY: inline; FONT-STYLE: italic">Financial </font><font style="DISPLAY: inline; FONT-STYLE: italic">Statements of Business
Acquired</font>. The required financial statements will be filed as soon as
practicable, but not later than 71 calendar days after the date by which this
report on Form 8-K must be filed.&#160;&#160;&#160;&#160;&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b) <font style="DISPLAY: inline; FONT-STYLE: italic">Pro </font><font style="DISPLAY: inline; FONT-STYLE: italic">Forma Financial
Information</font><font style="DISPLAY: inline; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">.</font>
The required pro forma financial information will be filed as soon as
practicable, but not later than 71 calendar days after the date by which this
report on Form 8-K must be filed.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">(c)</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">Exhibits.</font>&#160;&#160;The
      following exhibits are filed with this
report:</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      Number</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">--------------------</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Description</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">---------------</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2.1</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Agreement
      and Plan of Merger <font style="DISPLAY: inline">dated</font> January 29,
      2009 by and <font style="DISPLAY: inline">among</font> Flint, Flint
      Acquisition Corps. (A-E), each a wholly owned subsidiary of Flint, CHVC,
      CVC Int&#8217;l Inc., Cable and Voice Corporation, StarCom Alliance Inc,
      Dial-Tone Communication Inc, Phone House Inc. (of Florida) and Phone
      House, Inc. (of California) dated January 29, 2009<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2.2*</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Contribution
      Agreement by and among Semotus Solutions, Inc. and Flint Telecom, Inc.
      dated April 23, 2008.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2.3</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Agreement
      and Plan of Corporate Separation and Reorganization by and among Flint
      Telecom Group, Inc. and Semotus, Inc. dated January 29,
    2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.1</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Stock
      Purchase Agreement by and among China Voice Holding Corp. and Flint
      Telecom Group, Inc. dated January 29, 2009<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.2</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Promissory
      note issued from Flint Telecom Group, Inc. to China Voice Holding Corp.
      dated January 29, 2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.3</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Security
      Agreement by and among Flint Telecom Group, Inc. and China Voice Holding
      Corp. dated January 29, 2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.4</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
      Stock and Warrant Purchase Agreement by and among Flint Telecom Group,
      Inc. and Redquartz Atlanta, LLC dated January 29, 2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.5</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Warrant
      Certificate issued to Redquartz Atlanta, LLC dated January 29,
      2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.6</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
      Stock Subscription Agreement by and among Flint Telecom Group, Inc. and
      David Tracey dated January 29, 2009.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
            </td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Employment
      Agreement by and among Flint Telecom Group, Inc. and Mr. Bill Burbank
      dated January 29, 2009<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%">
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by reference to the Registrant&#8217;s SEC Form 8-K filed on April 29,
2008.</font></div>
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caused this Report to be signed on its behalf by the undersigned, hereunto duly
authorized.</font></div>
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      TELECOM GROUP, INC.</font></div>
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form_8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
________________
Form  8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
Of
the Securities Exchange Act of 1934
Date of
Report (Date of earliest event
reported):                                                                                     January
29, 2009
FLINT
TELECOM GROUP, INC.
- - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
(Exact
Name of Registrant as Specified in its Charter)
Nevada
0-21069
36-3574355
(State
      or other jurisdiction of incorporation or organization)
(Commission
      File Number)
(I.R.S.
      Employer Identification No.)
3390
Peachtree Rd. NE, Suite 1000, Atlanta, GA 30326
----------------------------------------------------------------------------------------------------------------------
(Address
of Principal Executive Offices)   (Zip Code)
(404) –
254-6980
-----------------------------------------------------------------
(Registrant's
Telephone Number, including area code)
(Formerly
named Semotus Solutions, Inc.)
---------------------------------------------------------------------------
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The information set forth in
Item 2.01 below
is
incorporated herein by reference
as it relates to
the following material definitive agreements:
(a)
Agreement
      and Plan of Merger by and among Flint Telecom Group, Inc. ("Flint"), Flint
      Acquisition Corps. (A-E), each a wholly owned subsidiary of Flint, China
      Voice Holding Corp. ("CHVC"), and CVC Int'l Inc., Cable and Voice
      Corporation, StarCom Alliance Inc, Dial-Tone Communication Inc, Phone
      House Inc. (of Florida), and Phone House, Inc. (of California), each a
      wholly-owned subsidiary of CHVC dated January 29, 2009 (the "Merger
      Agreement");
(b)
Stock
      Purchase Agreement by and among Flint and CHVC dated January 29, 2009 (the
      "CHVC Stock Purchase Agreement");
(c)
Flint
      Promissory Note to CHVC dated January 29, 2009
;
(d)
Security
      Agreement by and among Flint and CHVC dated January 29, 2009 (the
      "Security Agreement");
(e)
Common
      Stock and Warrant Purchase Agreement by and among Flint and Redquartz
      Atlanta, LLC ("Redquartz") dated January 29, 2009 (the "Redquartz Stock
      and Warrant Purchase Agreement");
(f)
Flint
      Warrant Certificate to Redquartz dated January 29, 2009 (the
      "Warrant");
(g)
Stock
      Purchase Agreement by and among Flint and David Tracey dated January 29,
      2009;
(h)
Employment
      Agreement by and among Flint and Bill Burbank dated January 29, 2009;
      and
(i)
Agreement
      and Plan of Corporate Separation and Reorganization by and among Flint and
      Semotus, Inc. dated January 29,
2009.
ITEM
2.01  COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On
January 29, 2009, five wholly owned subsidiaries of Flint Telecom Group, Inc.
("Flint") merged with six wholly owned subsidiaries of China Voice Holding Corp.
("CHVC") in exchange for 21,000,000 shares of our restricted common stock and
$1,500,000 in cash, $500,000 of which was paid at the Closing, a second
installment in the amount of $500,000 to be paid on February 12, 2009 and the
remaining $500,000 to be paid on March 31, 2009, pursuant to the Merger
Agreement.  The foregoing description of the Merger Agreement is
qualified in its entirety by reference to the full text of the Merger Agreement,
which is attached hereto as Exhibit 2.1 and is incorporated herein by
reference
.
The CHVC
subsidiary companies that Flint acquired provide the following telecom services
and / or distribute the following telecom products:
·
CVC  Int'l,
      Inc. was  established  in January  2007, and
      is a provider of wholesale VoIP telecommunications services located in
      South Florida.
·
Cable
      and Voice Corporation  was  established  on
      June 1,  2008,  and is a master distributor of
      advanced  broadband  products and services located in
      Tampa, Florida.
·
StarCom  Alliance,
      Inc. was established  in  January  2008, and
      is a master distributor of prepaid cellular products and
      services.
·
Phone
      House Inc.  of Florida was established on March 6, 2008, Phone
      House, Inc. of California was established on June 12, 2001 (and
      subsequently acquired by CHVC in June 2007) and Dial-Tone Communication
      Inc. was established on July 19, 2007; each provides discount calling
      cards that enable users who purchase cards in the United States to call
      China, India, Mexico, Africa, South
      America,  Brazil,  Bangladesh,  and other
      countries throughout the world at significant
  savings.
As part
of the closing of the transaction
and in addition
to the issuance of the common stock
and
cash paid as
noted above
, Flint also
acquired 15,000,000 shares of restricted common stock of CHVC in exchange for
$1,500,000, $750,000 of which will be paid on February 27, 2009 and the
remaining $750,000 to be paid on April 30, 2009, pursuant to the CHVC Stock
Purchase Agreement.
Additionally,
Flint issued a Promissory Note to
CHVC dated January 29, 2009, in an amount of $7,000,000
, pursuant to which Flint is obligated to make payments
as
follows:
$2,333,333.33 on or
before December 31, 2009; $2,333,333.33 on or before July 31, 2010, and
$2,333,333.34, plus any remaining balance due on the Note on or before December
31, 2010
(the "Note").
The Note shall not
bear any interest pre-default; The Note will bear interest at Eighteen percent
(18%) per year for any period of time when a payment is past due.
15,000,000
shares of CHVC restricted common stock are attached
to the Note as collateral, pursuant
to a Security Agreement
.  The
foregoing description of the Stock Purchase Agreement, Note and Security
Agreement are qualified in their entirety by reference to the full text of the
Stock Purchase Agreement, Note and Security Agreement, which are attached hereto
as Exhibits 4.1, 4.2 and 4.3, and are incorporated herein by reference.
In
determining the amount of cash and number of common shares of Flint to be issued
to CHVC in the merger, their respective managements placed primary value on the
Targets' assets, including the ongoing involvement of Bill Burbank in operating
the Targets and bringing cost savings to be achieved through economies of
scale to Flint, as the Parent Company.  Additional factors that
were considered were the operational synergies between the two companies, and
the ability to reduce a material amount of expenses through consolidation of the
companies.  Management expects the merger to result in a profitable
ongoing business with meaningful revenues and, in the short term, to give
management the ability to raise adequate operating capital so that the combined
company can reach profitability sooner together as a combined entity, rather
than continuing to operate independently.
In order
to finance the transaction, Flint simultaneously entered into a Common Stock and
Warrant Purchase Agreement with Redquartz Atlanta, LLC ("Redquartz"), in which
Flint sold to Redquartz 5,454,545 shares of Flint restricted common stock at
$0.275 per share and issued 3,750,000 warrants to purchase shares of Flint's
common stock at $0.40 per share, having a three year term and a cashless
exercise provision, in exchange for $1,500,000. Additionally, on January 29,
2009, Flint entered into a Stock Purchase Agreement with Mr. David Tracey, in
which we sold 1,454,545 shares of restricted common stock at $0.275 per share to
Mr. Tracey in exchange for $400,000. The foregoing description of the common
stock and warrant purchases are qualified in their entirety by reference to the
full text of the Common Stock and Warrant Purchase Agreement, the Warrant
Certificate and the Stock Purchase Agreement, which are attached hereto as
Exhibits 4.4, 4.5 and 4.6, and are incorporated herein by reference
Also as
part of the closing of the transaction, Flint
entered into an
employment agreement
with Mr.
Bill
Burbank
,
the CEO of CHVC
and President of each of the Targets, effectuating the following:  (i)
Mr. Burbank's title is President and COO of Flint; (ii) Mr. Burbank was
appointed as a member of Flint's Board of Directors, and (iii) Mr. Burbank
was
issued 2,000,000 shares of restricted common
stock vesting over a period of four years, such that ¼ of the shares shall vest
at the first annual anniversary of the Effective Date, and quarterly thereafter
so that 100% of the shares shall be fully vested at his four year anniversary
with Flint. The foregoing description of Mr. Burbank's
Employment Agreement is qualified in its
entirety by reference to the full text of the Employment Agreement, which is
attached hereto as Exhibit 10.1 and is incorporated herein by
reference.
Additionally,
as part of the closing of the transaction, two other executive officers from
CHVC, John Iacovelli and Jose Ferrer,
have
become
executive officers
of
Flint
.  As
a hiring and retention incentive,
in lieu of issuing stock options under our
existing
stock option plan,
our Board has approved the issuance of up to
1,000,000
shares of restricted
common stock to these executive officers,
which
is
subject to vesting
over a period
of four years such that 25% of the shares vest at their first annual anniversary
and 6.25% of the shares vest quarterly thereafter so that 100% shall be fully
vested at the end of four years
Therefore,
on a fully diluted basis, taking into consideration
(i)
our outstanding stock
on the date of the closing, (ii)
the stock
issuance to CHVC as part of the Merger Agreement (iii) the stock issuance to Mr.
Burbank
under his employment agreement,
(iv
) the
aggregate number of share of
stock
and shares
underlying the warrants
issued
to Redquartz in exchange for its
$1,5
00,000
investment
(iv) the aggregate number of shares of stock issued to
Mr. Tracey in exchange for his $400,000 investment, (v) the stock
we intend to issue to
other key employees as
described above
,
and
(vi
) the aggregate number of shares
underlying
our outstanding convertible promissory notes, stock options
and
warrants,
we
have an
aggregate
of approximately 100,000,000 shares outstanding
.  As a result of
all of the
transactions described above
and effective as of
the closing,
the existing Flint shareholders
now own
approximately 76%, and CHVC and its
shareholders
now own
approximately 24% of
our total
outstanding shares on a fully-diluted
basis
.
On
January 29, 2009, Flint issued a press release with respect to the merger
transaction with CHVC.  A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference. The information
contained in the attached press release is "furnished" but not "filed" for
purposes of the Securities Exchange Act of 1934, as amended.
Additionally,
on January 29, 2009, Flint sold all of the assets and liabilities of its
'Semotus Business' or 'Solutions Division' to Mr. Anthony LaPine for 3,508,000
shares of restricted common stock of Flint owned by Mr. LaPine. Mr. LaPine
exercised his right to purchase the Semotus Business/Solutions Division from
Flint, in accordance with Section 8.2(f) of the Contribution Agreement by
and among Semotus Solutions, Inc. (now named Flint Telecom Group, Inc., and
referred to as "Flint") and Flint Telecom, Inc. dated April 23, 2008, attached
hereto as Exhibit 2.2, in exchange for 3,508,000 shares of restricted common
stock of Flint owned by Mr. LaPine.  This transaction was further
clarified and consummated by the Agreement and Plan of Corporate Separation and
Reorganization by and among Flint and Semotus, Inc. executed as of January
29, 2009, pursuant to which Flint transferred all of the assets and properties,
subject to all the liabilities, debts, obligations and contracts, of the
Solutions Division to Semotus, Inc. in exchange for Mr. LaPine's 3,508,000
shares of restricted common stock of Flint. The "Semotus Business", as set
forth in Section 7.18 of the Contribution Agreement, is defined as the
operations of Semotus as conducted immediately prior to the acquisition
transaction of Flint that closed on October 1, 2008, and does not reflect the
business operations of Flint acquired in connection with that
transaction. The foregoing description of the Semotus Business disposition
is qualified in its entirety by reference to the full text of the Agreement and
Plan of Corporate Separation and Reorganization, which is attached hereto as
Exhibit 2.3 and is incorporated herein by reference.
ITEM
2.03  CREATION OF A DIRECT FINANCIAL OBLIGATION
The information set forth in
Item 2.01 above
is incorporated herein by reference
as it
relates to Flint's obligation to pay a total of $1,500,000 to CHVC pursuant to
the Merger Agreement, $1,500,000 to CHVC pursuant to the Stock Purchase
Agreement and Flint's obligation to pay a total of $7,000,000 to CHVC pursuant
to the Note, attached as Exhibits 2.1, 4.1 and 4.2, respectively.
ITEM
3.02  UNREGISTERED SALES OF EQUITY SECURITIES
The information set forth in
Item 2.01 above
is incorporated herein by reference
as it
relates to the issuance of 21,000,000 shares of restricted common stock to China
Voice Holding Corp., the issuance of a total of 3,000,000 shares of restricted
common stock to Messrs. Burbank, Iacovelli and Ferrer, vesting over a period of
four years,
the issua
nce of an aggregate of 5,454,545
shares of restricted c
ommon stock
and
3,750,000
shares underlying the warrants issued
to Redquartz
Atlanta, LLC
in exchange for
its
$1,500,000 investment
into Flint,
and
the issuance of 1,454,545
shares of
restricted common stock to Mr. David Tracey in exchange for his investment of
$400,000 into Flint
.
We believe our offering and sale of the securities in
the above transaction, made only to accredited investors and certain persons
outside of the
United States, were exempt
from registration under
Section 4(2) of the
Securities Act
and Regulation
S.  The certificates representing the securities issued contain a
legend to the effect that such securities were not
registered under the Securities Act
a
nd may not be
transferred except pursuant to an effective registration statement or pursuant
to an exemption from such
registration
requirements
.
ITEM
5.02  DEPARTURE OF DIRECTORS OR
CERTAIN
OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF
CERTAIN
OFFICERS
; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
The information set forth in Item 2.01 above is
incorporated herein by reference
, as it
relates to Mr. Bill Burbank
.
Effective January 29
, 2009, we appointed Mr.
Bill Burbank as our
President, Chief Operating Officer and as a new member to our Board of
Directors
.
Additionally,
on January 2
9, 2009, we appointed
Stephen
Keaveney and Garrett
A.
Sullivan as new
members of our Board of Directors.
To effectuate these new
board appointments,
our
board of directors took such actions as was necessary
to increase the size of the
Flint board of
directors to seven
directors, with the
vacancies created by such board increase filled by Mr. Burbank
, Mr. Keaveney and Mr. Sullivan
.
Neither
Mr. Burbank nor
Mr. Keaveney
qualify as
"
independent"
director
s
, as that term is defined by the NASDAQ
Stock
Market and the SEC, and
t
he
y
will
not
be serving on
any Board Committees.
Also
effective as of January 29, 2009, we appointed John Iacovelli as our Chief
Technology Officer and Jose Ferrer as our Executive Vice President of Business
Development.
The
following is a description of the business experience of Messrs. Burbank,
Keaveney, Garrett, Iacovelli and Ferrer for at least the past five
years:
Bill Burbank
, age
50
. Bill Burbank is also
currently serving as China Voice Holding Corp.'s Chief Executive Officer,
President and a Director, and has been in those positions since September
2006.  Mr. Burbank  brings more than 25 years
of  success in business development and
operations  experience to the company. He has extensive
experience  in  working  with  both  private  and  public  emerging   technology
development  companies  in the U.S., Canada  and
Asia.  He was Chief Executive Officer of DTNet Technologies from April
2006 until it was acquired by CHVC, where he became its Chief Executive
Officer.  Prior to that, Mr. Burbank was Chief Operating Officer of
VoIP, Inc. from December 2004 to February 2006, where he managed the operations
of multiple subsidiaries in the telecommunications market with combined
annual  revenues over $40 million.  Mr. Burbank was Vice
President of Business Development  and
Chief  Marketing  Officer for Pony Express U.S.A., Inc., a
package delivery company, from October 2002 to November 2004.
Stephen Keaveney, age
44.
Mr. Keaveney is a serial entrepreneur and business
consultant. In 2007 he founded Redquartz Atlanta, LLC and Atlanta Property Fund,
LLC, vehicles to invest in property development opportunities in the
Southeastern U.S.  He also founded M3 Lighting, LLC, a distributor of
indoor lighting products. In 2005 Mr. Keaveney founded, built and exited through
a trade sale, Broadworks Communications Ltd.  Mr. Keaveney also
founded Montaigne Investments through a merger of Keaveney Ventures, which was
sold in December 2005.  From 2001 to 2005 he founded and built a
successful corporate finance consultancy business based in Dublin, Ireland,
named Keaveney Ventures, which advised Irish businesses on fundraising,
acquisition and strategic matters. From 1999- 2001, Mr. Keaveney was a founding
manager and shareholder of eTel Group, a telecommunications company that
provides voice, data and Internet services to corporate customers in Central
Europe. In 1989 Mr. Keaveney was a founder of Cable Management Ireland Limited
(CMI) where he held the position of Finance Director, responsible for Business
Development, from CMI's inception in 1989 until its sale in 1999 to
AT&T-owned Liberty Media Group. Mr. Keaveney is a former member of the Irish
Government's Information Society Group, which advises Ireland's Prime Minister
on the impact of information technology.  His previous experience also
includes a position of Certified Public Accountant - Deloitte, New York
City.  He holds a BA in Accounting from Villanova University (1986)
and an MBA in Finance from Pepperdine University, 1988-1989. He is a Certified
Public Accountant (CPA) in the State of Pennsylvania.
Garrett A. Sullivan, age
74
.
Mr. Sullivan was
President of Applied Digital Solutions (ADS) from March 1995 until he
retired in January 2002.  He served as a member of the Board of
Directors of ADS from August 1995 until January 2002.  He was acting
Secretary of ADS from March  1995 to  March  1996
and  acting  Chief Financial  Officer from
March 1995 to February 1997. From 1993 to 1994 he was an Executive Vice
President of Envirobusiness, Inc. From 1988 to 1993, he served as President
and Chief Operating  Officer of two
medium  sized  companies  in the electronics
and chemical  industries  which were owned by Philips North
America. He was previously a partner in the Bay Group, a merger and
acquisition firm in New Hampshire from 1988 to 1993. From 1991 to 1998 Mr.
Sullivan was President of Granada Hospital
Group,  Burlington,  Massachusetts.  Mr.  Sullivan  received
a Bachelor of Arts degree from Boston  University in 1960 and
obtained an MBA from Harvard University in 1962.
John Iacovelli, age
53.
John Iacovelli served as China Voice Holding Corp.'s Chief
Information Officer since October, 2006. Previously, he was Director of Special
Projects, for VoIP, Inc. from October 2004 to February 2006,  where he
was  responsible  for a variety of  technical
initiatives.  Mr. Iacovelli was Chief Information Officer of Pony
Express from July 2002 to September 2004, where he oversaw a network
infrastructure spanning nine locations in Florida, and personally developed
Microsoft  Windows(TM) and Internet-based  software
for  customers  such as the State of
Florida.  From May 1998 to August 2001, Mr. Iacovelli worked as a
marketing manager in the speech recognition field for Registry Magic and
Foresight Technologies.  Mr. Iacovelli worked at
Clarion  Software as its Director of Marketing  from March
1994 to May 1998, where he launched the first Rapid
Application  Development  environment to produce compiled
executables for Microsoft  Windows(TM),  and later the first
32
bit   executables,   and  as  Vice  President  of  Marketing  at  its  successor
corporation,  SoftVelocity,  from July 2001 to July
2002.  Before that, he was Senior Product  Manager at Expert
Software from January 1990 to March 1994 where
he  produced  many
best  selling  software  titles in the
retail  market such as Expert Home Design.
Jose Ferrer, age
53.
Jose Ferrer served as China Voice Holding Corp.'s Chief
Operating Officer since January 7 2008. Mr. Ferrer has extensive international
experience in leading people and project team, implementing and overseeing
technology programs and administering budgets and operations.  Mr.
Ferrer served as Executive  Vice  President of MacroVoice
Networks  from  07/2001to  12/2002  where
he managed  OEM  relations  with major
companies  such as LG  Electronics  and
Dell  amongst  others  for the supply of
innovative voice and data platforms.  During his tenure at this
company,  he was
instrumental  in  sourcing,  contracting  and  launching  a  leading  edge  VoIP
hardware/software solution which  connected to existing legacy PBX's
to provide low cost LD service to corporate clients
Pursuant to the terms of his
employment,
Mr.
Burbank
will receive
salary in the amount of $186,000
per year
and
2,0
00,000 shares of restricted
commo
n stock
vesting over a period of four years, such
that ¼ of the shares shall vest at the first annual anniversary of the Effective
Date, and quarterly thereafter so that 100% of the shares shall be fully vested
at his four year anniversary with Flint
.
However, during the time Mr. Burbank
is an Officer of China Voice Holding Corp. he will be compensated as follows:
January 2009, 60% of base monthly salary and for months thereafter , 90% of
monthly base salary.
Mr. Burbank
will be e
ntitled
to participate in all of Flint
'
s
employee benefit
plans and Flint
shall pay for 100%
of the costs to provide him with "family" coverage for medical and dental
insurance
.
If
Mr. Burbank resigns from Flint at any time prior to his four year anniversary,
he shall be entitled to all vested shares as of the date of resignation. If his
employment is discontinued after the initial term of this agreement or if he is
terminated without cause, Mr. Burbank shall be entitled to receive full vesting
of all 2,000,000 shares. The foregoing description of the terms of employment of
Mr. Burbank are qualified in their entirety by reference to the full text of Mr.
Burbank's Employment Agreement, which is attached hereto as Exhibits 10.1, and
is incorporated herein by reference.
Pursuant
to the terms of his employment, Mr. Iacovelli will receive salary in the amount
of $100,000 per year and 500,000 shares of restricted common stock vesting over
a period of four years, such that ¼ of the shares shall vest at the first annual
anniversary of the Effective Date, and quarterly thereafter so that 100% of the
shares shall be fully vested at his four year anniversary with
Flint.  Mr. Iacovelli will also be entitled to participate in all of
Flint's employee benefit plans.
Pursuant
to the terms of his employment, Mr. Ferrer will receive salary in the amount of
$125,000 per year and 500,000 shares of restricted common stock vesting over a
period of four years, such that ¼ of the shares shall vest at the first annual
anniversary of the Effective Date, and quarterly thereafter so that 100% of the
shares shall be fully vested at his four year anniversary with
Flint.  Mr. Ferrer will also be entitled to participate in all of
Flint's employee benefit plans.
ITEM
9.  FINANCIAL STATEMENTS AND EXHIBITS.
(a)
Financial
Statements of Business
Acquired
. The required financial statements will be filed as soon as
practicable, but not later than 71 calendar days after the date by which this
report on Form 8-K must be filed.
(b)
Pro
Forma Financial
Information
.
The required pro forma financial information will be filed as soon as
practicable, but not later than 71 calendar days after the date by which this
report on Form 8-K must be filed.
(c)
Exhibits.
The
      following exhibits are filed with this
report:
Exhibit
      Number
--------------------
Description
---------------
2.1
Agreement
      and Plan of Merger
dated
January 29,
      2009 by and
among
Flint, Flint
      Acquisition Corps. (A-E), each a wholly owned subsidiary of Flint, CHVC,
      CVC Int'l Inc., Cable and Voice Corporation, StarCom Alliance Inc,
      Dial-Tone Communication Inc, Phone House Inc. (of Florida) and Phone
      House, Inc. (of California) dated January 29, 2009
.
2.2*
Contribution
      Agreement by and among Semotus Solutions, Inc. and Flint Telecom, Inc.
      dated April 23, 2008.
2.3
Agreement
      and Plan of Corporate Separation and Reorganization by and among Flint
      Telecom Group, Inc. and Semotus, Inc. dated January 29,
    2009.
4.1
Stock
      Purchase Agreement by and among China Voice Holding Corp. and Flint
      Telecom Group, Inc. dated January 29, 2009
.
4.2
Promissory
      note issued from Flint Telecom Group, Inc. to China Voice Holding Corp.
      dated January 29, 2009.
4.3
Security
      Agreement by and among Flint Telecom Group, Inc. and China Voice Holding
      Corp. dated January 29, 2009.
4.4
Common
      Stock and Warrant Purchase Agreement by and among Flint Telecom Group,
      Inc. and Redquartz Atlanta, LLC dated January 29, 2009.
4.5
Warrant
      Certificate issued to Redquartz Atlanta, LLC dated January 29,
      2009.
4.6
Common
      Stock Subscription Agreement by and among Flint Telecom Group, Inc. and
      David Tracey dated January 29, 2009.
10.1
Employment
      Agreement by and among Flint Telecom Group, Inc. and Mr. Bill Burbank
      dated January 29, 2009
.
99.1
Press
      release of Flint Telecom Group, Inc. dated January 29, 2009
.
*Incorporated
by reference to the Registrant's SEC Form 8-K filed on April 29,
2008.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1934, the Registrant has duly
caused this Report to be signed on its behalf by the undersigned, hereunto duly
authorized.
FLINT
      TELECOM GROUP, INC.
By:
      /s/  Vincent Browne
Date:  February
      4, 2009
Vincent
      Browne,
Chief
      Executive Officer