Geo Point Resources

ITEM 1. BUSINESS Business Development On February 24, 2015, we filed a Form 8-A Registration Statement with the SEC, and we are now required to file reports under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); and our directors, officers, 10% and 5% shareholders are required to file beneficial ownership reports... with the SEC on applicable Forms. Introduction Past Plan of Operations On June 13, 2012, we were formed as a wholly-owned subsidiary of Geo Point Technologies, Inc., a Utah corporation ("Geo Point Utah"), and into which Geo Point Utah simultaneously authorized the conveyance of the segment of its business comprising all of its Environmental and Engineering Divisions' assets, business, operations, rights or otherwise, along with its "Hydrocarbon Identification Technology" ("HI Technology") License Agreement dated January 31, 2008 (the "License Agreement"), subject to the assumption by us of all related liabilities and the indemnification of Geo Point Utah by us from any liabilities relating to these assets and operations. Also on June 13, 2012, the Board of Directors of Geo Point Utah approved a stock dividend that resulted in a spin-off of all of our shares of common stock to the Geo Point Utah stockholders, pro rata, on a one share for one share basis, on the record date (the "Spin-Off"). The Spin-Off had a record date of January 17, 2013; and ex-dividend date of January 15, 2013; and a Spin-Off payment date of April 22, 2013. On the effective date of the Spin-Off, there were approximately 1,002,167 outstanding shares of our common stock. For additional information about the Spin-Off, see our Prospectus dated January 7, 2013, and filed with the SEC on January 8, 2013; and our 8-K Current Report dated April 22, 2013, and filed with the SEC on such date. See Part IV, Item 15. The Environmental and Engineering Divisions comprised the initial operations of Geo Point Utah at its inception and were commenced as a "DBA" in 1997, by Geo Point Utah's founder, William C. ...Read More