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Note 3 Related Party Transactions
3 Months Ended
Jun. 30, 2012
Note 3 Related Party Transactions:  
Note 3 Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

Related Party Loans – During the six month periods ended June 30, 2012 and 2011, a portion of the expenses of the Company were paid by its majority shareholder.  The payments were recorded as “loans from related party.”  The loans are payable on demand and do not bear interest. 

 

Management Compensation - During the six month periods ended June 30, 2012 and 2011, the Company did not pay any compensation to any officer or director of the Company.

 

Office Space - The Company has not had a need to rent office space.  An officer of the Company allows the Company to use his address, as needed, at no expense to the Company.