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Subsequent Events
3 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
Subsequent Events [Text Block]

Note 10 – Subsequent events:

The Company is in the process of substantially changing its Business Plan.  Management has elected to terminate the oil rig venture and replace it with an international telecom division.  The Company is in the process of deploying a telecommunications network by setting up circuit switches, voice over Internet protocol (VoIP) servers, and direct circuit connections, all of which provide international long distance services and offer a suite of enhanced services to its customer base. Through partnering arrangements with facility-based operators and government-approved carriers, the Company will accelerate deployment of its services in its initial targeted countries and to several other countries where our management relationships now exist.  The Company is in the process of establishing substantial computing power in order to tap into this expanding market.  Several agreements are in the process of arranging financing and purchasing the needed equipment.

 

In addition the company has with its Nano-Jet technology the inside track to a substantial contract for reducing emissions from diesel locomotives.  The Company is in negotiations to finance the testing required to obtain this contract.

 

In May 2011, the Company encumbered its inventory as collateral for notes payable listed in Note 7.

 

In September 2011, the Company entered into an agreement to convert a note payable for stock.  The Company received 50,000 in September and another 35,000 in October 2011.  The Company has elected to convert this 85,000 into 850,000 shares of common stock.  The Company has reported the original 50,000 into stock subscription receivable.