NOTE 13 - STOCKHOLDERS' DEFICIT

6 Months Ended

Jun. 30, 2011

Stockholders' Equity Note Disclosure [Text Block]

NOTE 13 – STOCKHOLDERS' DEFICIT

Common Stock

For the three and six months ended June 30, 2011, the Company received net proceeds of $12,000 and $15,500 from subscription receivables, respectively, from the sale of 2,400,000 and 700,000 shares of the Company's common stock. In connection with these sales of the Company’s common stock, the Company issued 1,000,000 shares of common stock to an affiliated company whereby its president is a director of the Company for net proceeds of approximately $10,000.

In February 2011, in connection with a consulting agreement, the Company issued in aggregate 2,000,000 shares of common stock for public relations and marketing services until June 2, 2011.  The Company valued these common shares at the fair value on the date of grant at $.04 per share or $80,000 and recorded stock-based compensation and prepaid expense of $40,000 and $40,000 respectively as of March 31, 2011.