The Board of Directors of Reward Enterprises Inc. dismissed Moore & Associates Chartered, its independent registered public account firm. On the same date, August 5, 2009, the accounting firm of Seale and Beers, CPAs was engaged as the company's new independent registered public account firm. The Board of Directors of the company and the company's audit committee approved of the dismissal of Moore & Associates Chartered and the engagement of Seale and Beers, CPAs as its independent auditor.

The Securities and Exchange Commission (SEC) on July 20 instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Reward Enterprises, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement alleged that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 or 13a-16 there-under, are true. The judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.