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Note 1 - Nature of Operations
3 Months Ended
Jun. 30, 2012
Note 1 - Nature of Operations:  
Note 1 - Nature of Operations

NOTE 1 – NATURE OF OPERATIONS

 

The results of operations for the three months ended June 30, 2012 are not indicative of the results that may be expected for the full year

 

Galaxy Championship Wrestling Inc. was incorporated on September 13, 2000 under the laws of the State of  Nevada and changed its name to FUSA Capital Corporation on June 17, 2005.  On March 7, 2005, the Company acquired all of the issued and outstanding shares of FUSA Technology Investments, Inc., formed on February 9, 2005 under the laws of the State of Nevada. For accounting purposes, the transaction was accounted for as a recapitalization such that the historical transactions of the acquired company were carried forward.

 

On July 27, 2010, the Company changed its name to Spectral Capital Corporation.

 

The Company was formerly in the business of developing internet search engine technology. The Company is currently evaluating and acquiring mineral properties as well as oil and gas properties.