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GOING CONCERN
12 Months Ended
Sep. 30, 2012
Going Concern [Abstract]  
Going Concern Disclosures [Text Block]

Note 2 - GOING CONCERN

 

The accompanying audited Consolidated Financial Statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying Consolidated Financial Statements, the Company incurred a net loss of $1,136,813 for the year ended September 30, 2012 and had accumulated losses of $841,688 at September 30, 2012. These create an uncertainty about the Company’s ability to continue as a going concern. In this regard, the management decided to close some less profitable branches and laid off excessive staff. Furthermore, the Company’s Chairman has issued a letter of undertaking that he will provide financial support to the Company (Note 16). The Consolidated Financial Statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.