On 05/15/2008, Enlightened Gourmet Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

On 03/31/2008, Enlightened Gourmet Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Enlightened Gourmet Inc. (OTCBB: ENLG) announced a private placement of 25,000 shares of series B convertible redeemable preferred stock at $20 per share for gross proceeds of $500,000 with accredited investors on March 12, 2008. The preferred shares bear no dividend. The preferred shares are convertible into such number of common shares determined by dividing the number of shares of common stock outstanding as of the date of the first conversion of the series B preferred shares, plus the number of shares of common stock issuable upon exercise of any issued and outstanding warrants and conversion of any issued and outstanding convertible debentures by three, and dividing the result of that calculation by 250,000. Therefore, the holders of all of the series B preferred shares would receive, upon conversion, common stock equal to 25% the number of common shares that would be outstanding as of the date of conversion if all of the company´s outstanding convertible securities were converted and all of the outstanding warrants were exercised. Charles Morgan Securities, Inc. acted as the placement agent to the company. The company agreed to pay them a cash fee equal to 10% of the gross proceeds, together with non-accountable expenses in the amount of 3% of the proceeds. The company also issued 16,667 series B preferred shares to the placement agent. Richard A. Friedman, Esq. of Sichenzia Ross Friedman Ference LLP acted as the legal advisor to the company. On March 18, 2008, the company issued additional 30,000 shares of series B convertible redeemable preferred stock for gross proceeds of $600,000 in the second tranche. The company also issued 10,000 series B preferred shares to the placement agent. On March 24, 2008, the company issued additional 10,000 shares of series B convertible redeemable preferred stock for gross proceeds of $200,000 in the third tranche. The company issued 6,667 series B preferred shares to the placement agent. On March 26, 2008, the company issued additional 8,750 shares of series B convertible redeemable preferred stock for gross proceeds of $175,000 in the fourth tranche. The company issued 5,833 series B preferred shares to the placement agent. On March 28, 2008, the company issued additional 12,500 shares of series B convertible redeemable preferred stock for gross proceeds of $250,000 in the fifth tranche. The company issued 8,333 series B preferred shares to the placement agent. On April 4, 2008, the company issued additional 16,000 shares of series B convertible redeemable preferred stock for gross proceeds of $320,000 in the sixth tranche. The company issued 10,667 series B preferred shares to the placement agent. The company has raised a total of $2,045,000 in this transaction. On April 24, 2008, the company issued additional 12,500 shares of series B convertible redeemable preferred stock for gross proceeds of $250,000 in the seventh tranche. The company issued 8,333 series B preferred shares to the placement agent. The company issued 8,333 series B preferred shares to the placement agent. The company has raised a total of $2,295,000 in this transaction.