Common Stock

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Common Stock

3. Common Stock

As partial compensation per an agreement dated May 19, 2011 for consultant work, the Company issued to Monarch Communications, Inc. the following:

· On January 12, 2012, 26,667 shares of its common stock valued at $0.15 per share

· On February 27, 2012, 26,667 shares of its common stock valued at $0.15 per share.

· On March 6, 2012, 30,769 shares of its common stock valued at $0.13 per share.

· On March 30, 2012, 25,000 shares of its common stock valued at $0.16 per share

On January 31, 2012, the Company issued 50,000 shares of its common stock valued at $0.175 per share to outside counsel as compensation for legal work throughout 2010-2011.

On March 20, 2012 the Company received payment of $4,808 in connection with the exercise of previously issued warrants. In connection with this payment, the Company will issue 28,846 shares of its common stock valued at $0.17 per share.