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(17) Subsequent Events
3 Months Ended
Mar. 31, 2013
Notes  
(17) Subsequent Events

(17)     Subsequent Events

 

On April 19, 2013 the Company entered into a one year Convertible debenture with Asher Enterprises, Inc. in the amount of $32,500.  The note bears an interest rate of 8% per annum.

 

On April 2, 2013, the Company entered into a 60-day promissory note in the total amount of $50,000, with Curtis and Janet Threat. The note bears an interest rate of 16% per annum.

 

During April and May 2013, the Company allowed several of its convertible debenture holders to transfer their convertible debentures totaling $90,000 through a Securities Purchase agreement. On April 18, 2013 a partial conversion of $5,000 was approved by the board of directors however the conversion has not occurred as of the date of this report, resulting in unissued common stock totaling 333,334.

 

On April 10, 2013, the Company entered into a four month Strategic Consulting agreement with Mosaic Media Group, LLC covering business planning, marketing and advertising advice and planning and public relations and investor relations services.  Consideration is in the form of a cash payment of $12,500.

 

On May 1, 2013, the Company entered into a two-year media and marketing services agreement with Shade Global. Consideration for this contract will be in the form of cash and warrants.

 

On May 3, 2013, the Company changed auditing firms and retained HJ & Associates, LLC to provide future audit services.  Form 8k reflecting the change was filed with the SEC on May 9, 2013.