11.	SUBSEQUENT EVENTS

On June 13, 2012, the Board of Directors appointed Mr. Gennaro (Jerry) Pane as the Company's Chairman of the Board and Mr. Daniel Joon Sikk Moon as the Company's President. Concurrent with the appointment of Messers. Pane and Moon, Mr. John Gildea voluntarily resigned as the Company's Chairman and Mr. David Burney voluntarily resigned the Company's President. Messers. Gildea and Burney remain as members of the Company's Board of Directors. Mr. Pane remains as the Company's Chief Executive Officer and a member of the Board of Directors, and Mr. Moon remains as a member of the Board of Directors.

In addition, on this date, the Company also appointed Mr. Im Seong Dae to its Board of Directors. The new director received a stock option grant under the Company's 2007 Stock Option Plan. The grant enables the new director to acquire 1,000,000 shares of common stock at $0.17 price per share. In addition, he is entitled to receive a stock grant of 250,000 shares of common stock, which each current director will receive for 2012.

Effective June 13, 2012 our board of directors approved the issuance a total of 2 million shares of our commons stock, valued at $360,000, as compensation to our directors. Each of our eight directors will receive 250,000 shares of our common stock as compensation.

On July 1, 2012, we relocated our headquarters from Odessa, Missouri to Marlboro New Jersey where we are now renting office space under a 12 month lease, with an option to extend the term of the lease for a further 12 months, at $1,300 per month and operating expenses. This lease is personally guaranteed by one of our directors.

On July 24, 2012, we defaulted on our amended Settlement Agreement and Payment Agreement with Duane Morris, LLP and Keli Isaacson Whitlock when we were unable to repay the $1,614, 216 and accrued interest due under the agreement on July 24, 2012. We have contacted Duane Morris to cure the default and obtain an extension of time to pay the amounts due, and as of their September 12, 2012 response, our proposal is under review by the firm. We expect a response in the near future and we will promptly file a Form 8-K upon receipt. We cannot predict whether will be successful in obtaining another extension from Duane Morris. If we are unable to do so, the firm will be able to avail itself of all rights and privileges under the existing agreements with us and under the laws of Mexico and the United States.

On July 25, 2012, we issued 666,666 shares of our common stock and warrants with an exercise period of twelve months to purchase 333,333 shares of our common stock at $0.10 to an accredited investor for cash consideration of $50,000.

On August 9, 2012, we issued 204,857 shares of our common stock on the cash less exercise of 38,466 stock options.

On August 16, 2012, we issued 93,333 shares of our common stock and warrants with an exercise period of twelve months to purchase 46,666 shares of our common stock at $0.10 to an accredited investor for cash consideration of $7,000.

On August 17, 2012, we issued 200,000 shares of our common stock and warrants with an exercise period of twelve months to purchase 100,000 shares of our common stock at $0.10 to an accredited investor for cash consideration of $15,000.

On August 24, 2012 we issued 266,667 shares of our common stock and warrants with an exercise period of twelve months to purchase 133,333 shares of our common stock at $0.10 to an accredited investor for cash consideration of $20,000.

On September 7, 2012 we issued 466,666 shares of our common stock and warrants with an exercise period of twelve months to purchase 233,333 shares of our common stock at $0.10 to an accredited investor for cash consideration of $35,000.