SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

NOTE 5 - SUBSEQUENT EVENTS

Other than those disclosed below, management evaluated events subsequent to September 30, 2012 through the date that the accompanying condensed consolidated financial statements were filed with the Security and Exchange Commission for transactions and other events which may require adjustment of and/or disclosure in such financial statements.

In connection with the Merger with True Drinks, Inc., on October 15, 2012, Deborah K. Wildrick resigned as Chief Executive Officer of the Company and Kevin Sherman resigned as President of the Company and transitioned to Vice President of Marketing of the Company. Neither Ms. Wildrick nor Mr. Sherman was paid a severance in connection with such resignations.

Effective upon the consummation of the Merger on October 15, 2012, Daniel W. Rumsey resigned as a director and the chairman of the Board, and Deborah K. Wildrick, Kevin Sherman, Anthony DiGiandomenico, and Milton Makris each resigned from the Board. Prior to the resignation of Mr. Rumsey, Timothy Lane was appointed chairman of the Board and a director, and Carl Wistreich, Lou Imbrogno and Lance Leonard were appointed directors of the Company.

Effective October 15, 2012, the Company appointed Lance Leonard as its Chief Executive Officer and Daniel Kerker as its Chief Financial Officer.