ASSET ACQUSITION	9 Months Ended
Mar. 31, 2018
Notes to Financial Statements
6. ASSET ACQUSITION	On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 100% of the shares in the common stock of Gain First a corporation formed under the laws of the British Virgin Islands. As a result of that transaction, Gain First is now a wholly owned subsidiary of the Company. This acquisition resulted in a change of business direction for the Company, namely the wine distribution business in the Greater China and South East Asia regions. The transaction was recorded as an asset purchase as it did not include the purchase of inputs and a substantive process. The asset, an agency agreement for the China region, was valued using the fair value of the assets acquired ($10,000) as their value was more clearly evident than the consideration given.

ASSET ACQUSITION

9 Months Ended

Mar. 31, 2018

On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 100% of the shares in the common stock of Gain First a corporation formed under the laws of the British Virgin Islands. As a result of that transaction, Gain First is now a wholly owned subsidiary of the Company. This acquisition resulted in a change of business direction for the Company, namely the wine distribution business in the Greater China and South East Asia regions.

The transaction was recorded as an asset purchase as it did not include the purchase of inputs and a substantive process. The asset, an agency agreement for the China region, was valued using the fair value of the assets acquired ($10,000) as their value was more clearly evident than the consideration given.