Cash and Cash Equivalents

3 Months Ended

Nov. 30, 2011

Cash and Cash Equivalents

Cash and Cash Equivalents Disclosure [Text Block]

NOTE 4 – CASH & CASH EQUIVALENTS

As of the balance sheet dates, cash & cash equivalents are summarized as follows:

	November 30, 2011		May 31, 2011
Cash and bank	$	3,207,182	$	4,181,973
Fixed deposits		-		398,216
Total	$	3,207,182	$	4,580,189

As of the balance sheet dates, the fixed deposits had a maturity term of less than three months.