DUE TO FORMER SHAREHOLDERS

9 Months Ended

Sep. 30, 2010

DUE TO FORMER SHAREHOLDERS

DUE TO FORMER SHAREHOLDERS

Note 14 - Due to Former Shareholders

Balances of due to the former shareholders are mainly a result of a series of mergers and acquisitions of the Company in 2008. As of September 30, 2011 and December 31, 2010, the outstanding balance due to the former shareholders was $1,686,228 and $1,634,509, respectively.