SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
Oct. 31, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION - UNAUDITED INTERIM FINANCIAL INFORMATION The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for the interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission ("SEC") to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim period presented. Unaudited interim results are not necessarily indicative of the results for the full year. These financial statements should be read in conjunction with the financial statements of the Company for the year ended July 31, 2011 and notes thereto contained in the information filed as part of the Company's Annual Report on Form 10-K, filed with the SEC on November 15, 2011. DEVELOPMENT STAGE COMPANY The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's exploration stage activities. USE OF ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company's significant estimates and assumptions include the fair value of financial instruments; the carrying value, recoverability and impairment, if any, of long-lived assets, including the values assigned to and the estimated useful lives of website development costs; income tax rate, income tax provision, deferred tax assets and valuation allowance of deferred tax assets, and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Actual results could differ from those estimates. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in generally accepted accounting principles (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company's financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the short maturity of these instruments. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholders due to their related party nature. FISCAL YEAR END The Company elected July 31 as its fiscal year ending date. CASH EQUIVALENTS The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. RELATED PARTIES The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include a. affiliates of the Company; b. entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d.principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a. the nature of the relationship(s) involvedb. description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. mounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. COMMITMENT AND CONTINGENCIES The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business, financial position, and results of operations or cash flows. REVENUE RECOGNITION The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement that the services have been rendered to the customer, the sales price is fixed or determinable, and collectability is reasonably assured. INCOME TAXES The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification ("Section 740-10-25"). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its consolidated balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management's opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. UNCERTAIN TAX POSITIONS The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the interim period ending October 31, 2011 or 2010. NET LOSS PER COMMON SHARE Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through stock options and warrants. There were no potentially dilutive shares outstanding for the interim perioed ended October 31, 2011 or 2010. CASH FLOWS REPORTING The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method ("Indirect method") as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. SUBSEQUENT EVENTS The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will disclose the date through which subsequent events have been evaluated and that date is the date when the financial statements were issued. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2011, the FASB issued the FASB Accounting Standards Update No. 2011-04 "Fair Value Measurement" ("ASU 2011-04"). This amendment and guidance are the result of the work by the FASB and the IASB to develop common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards (IFRSs). This update does not modify the requirements for when fair value measurements apply; rather, they generally represent clarifications on how to measure and disclose fair value under ASC 820, Fair Value Measurement, including the following revisions: * An entity that holds a group of financial assets and financial liabilities whose market risk (that is, interest rate risk, currency risk, or other price risk) and credit risk are managed on the basis of the entity's net risk exposure may apply an exception to the fair value requirements in ASC 820 if certain criteria are met. The exception allows such financial instruments to be measured on the basis of the reporting entity's net, rather than gross, exposure to those risks. * In the absence of a Level 1 input, a reporting entity should apply premiums or discounts when market participants would do so when pricing the asset or liability consistent with the unit of account. * Additional disclosures about fair value measurements. The amendments in this Update are to be applied prospectively and are effective for public entity during interim and annual periods beginning after December 15, 2011. In June 2011, the FASB issued the FASB Accounting Standards Update No. 2011-05 "Comprehensive Income" ("ASU 2011-05"), which was the result of a joint project with the IASB and amends the guidance in ASC 220, Comprehensive Income, by eliminating the option to present components of other comprehensive income (OCI) in the statement of stockholders' equity. Instead, the new guidance now gives entities the option to present all non-owner changes in stockholders' equity either as a single continuous statement of comprehensive income or as two separate but consecutive statements. Regardless of whether an entity chooses to present comprehensive income in a single continuous statement or in two separate but consecutive statements, the amendments require entities to present all reclassification adjustments from OCI to net income on the face of the statement of comprehensive income. The amendments in this Update should be applied retrospectively and are effective for public entity for fiscal years, and interim periods within those years, beginning after December 15, 2011. Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Oct. 31, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION - UNAUDITED INTERIM FINANCIAL INFORMATION

The accompanying unaudited interim financial statements and related notes have

been prepared in accordance with accounting principles generally accepted in the

United States of America ("U.S. GAAP") for the interim financial information,

and with the rules and regulations of the United States Securities and Exchange

Commission ("SEC") to Form 10-Q and Article 8 of Regulation S-X. Accordingly,

they do not include all of the information and footnotes required by U.S. GAAP

for complete financial statements. The unaudited interim financial statements

furnished reflect all adjustments (consisting of normal recurring accruals)

which are, in the opinion of management, necessary to a fair statement of the

results for the interim period presented. Unaudited interim results are not

necessarily indicative of the results for the full year. These financial

statements should be read in conjunction with the financial statements of the

Company for the year ended July 31, 2011 and notes thereto contained in the

information filed as part of the Company's Annual Report on Form 10-K, filed

with the SEC on November 15, 2011.

DEVELOPMENT STAGE COMPANY

The Company is a development stage company as defined by section 915-10-20 of

the FASB Accounting Standards Codification. The Company is still devoting

substantially all of its efforts on establishing the business and its planned

principal operations have not commenced. All losses accumulated since inception

have been considered as part of the Company's exploration stage activities.

USE OF ESTIMATES AND ASSUMPTIONS

The preparation of financial statements in conformity with generally accepted

accounting principles of the United States requires management to make estimates

and assumptions that affect the reported amounts of assets and liabilities and

disclosure of contingent assets and liabilities at the date of the financial

statements and the reported amounts of revenues and expenses during the year.

The Company's significant estimates and assumptions include the fair value of

financial instruments; the carrying value, recoverability and impairment, if

any, of long-lived assets, including the values assigned to and the estimated

useful lives of website development costs; income tax rate, income tax

provision, deferred tax assets and valuation allowance of deferred tax assets,

and the assumption that the Company will continue as a going concern. Those

significant accounting estimates or assumptions bear the risk of change due to

the fact that there are uncertainties attached to those estimates or

assumptions, and certain estimates or assumptions are difficult to measure or

value.

Management bases its estimates on historical experience and on various

assumptions that are believed to be reasonable under the circumstances, the

results of which form the basis for making judgments about the carrying values

of assets and liabilities that are not readily apparent from other sources.

Management regularly reviews its estimates utilizing currently available

information, changes in facts and circumstances, historical experience and

reasonable assumptions. After such reviews, and if deemed appropriate, those

estimates are adjusted accordingly. Actual results could differ from those

estimates. Actual results could differ from those estimates.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards

Codification for disclosures about fair value of its financial instruments and

paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph

820-10-35-37") to measure the fair value of its financial instruments. Paragraph

820-10-35-37 establishes a framework for measuring fair value in generally

accepted accounting principles (U.S. GAAP), and expands disclosures about fair

value measurements. To increase consistency and comparability in fair value

measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair

value hierarchy which prioritizes the inputs to valuation techniques used to

measure fair value into three (3) broad levels. The fair value hierarchy gives

the highest priority to quoted prices (unadjusted) in active markets for

identical assets or liabilities and the lowest priority to unobservable inputs.

The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37

are described below:

Level 1 Quoted market prices available in active markets for identical assets or

        liabilities as of the reporting date.

Level 2 Pricing  inputs other than quoted  prices in active  markets included in

        Level 1, which are  either  directly  or  indirectly  observable  as of

        the reporting date.

Level 3 Pricing inputs that are generally observable inputs and not corroborated

        by market data.

Financial assets are considered Level 3 when their fair values are determined

using pricing models, discounted cash flow methodologies or similar techniques

and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices

(unadjusted) in active markets for identical assets or liabilities and the

lowest priority to unobservable inputs. If the inputs used to measure the

financial assets and liabilities fall within more than one level described

above, the categorization is based on the lowest level input that is significant

to the fair value measurement of the instrument.

The carrying amounts of the Company's financial assets and liabilities, such as

cash, accounts payable and accrued expenses, approximate their fair values

because of the short maturity of these instruments.

Transactions involving related parties cannot be presumed to be carried out on

an arm's-length basis, as the requisite conditions of competitive, free-market

dealings may not exist. Representations about transactions with related parties,

if made, shall not imply that the related party transactions were consummated on

terms equivalent to those that prevail in arm's-length transactions unless such

representations can be substantiated.

It is not, however, practical to determine the fair value of advances from

stockholders due to their related party nature.

FISCAL YEAR END

The Company elected July 31 as its fiscal year ending date.

CASH EQUIVALENTS

The Company considers all highly liquid investments with maturities of three

months or less at the time of purchase to be cash equivalents.

RELATED PARTIES

The Company follows subtopic 850-10 of the FASB Accounting Standards

Codification for the identification of related parties and disclosure of related

party transactions.

Pursuant to Section 850-10-20 the related parties include a. affiliates of the

Company; b. entities for which investments in their equity securities would be

required, absent the election of the fair value option under the Fair Value

Option Subsection of Section 825-10-15, to be accounted for by the equity method

by the investing entity; c. trusts for the benefit of employees, such as pension

and profit-sharing trusts that are managed by or under the trusteeship of

management; d.principal owners of the Company; e. management of the Company; f.

other parties with which the Company may deal if one party controls or can

significantly influence the management or operating policies of the other to an

extent that one of the transacting parties might be prevented from fully

pursuing its own separate interests; and g. other parties that can significantly

influence the management or operating policies of the transacting parties or

that have an ownership interest in one of the transacting parties and can

significantly influence the other to an extent that one or more of the

transacting parties might be prevented from fully pursuing its own separate

interests.

The financial statements shall include disclosures of material related party

transactions, other than compensation arrangements, expense allowances, and

other similar items in the ordinary course of business. However, disclosure of

transactions that are eliminated in the preparation of consolidated or combined

financial statements is not required in those statements. The disclosures shall

include: a. the nature of the relationship(s) involvedb. description of the

transactions, including transactions to which no amounts or nominal amounts were

ascribed, for each of the periods for which income statements are presented, and

such other information deemed necessary to an understanding of the effects of

the transactions on the financial statements; c. the dollar amounts of

transactions for each of the periods for which income statements are presented

and the effects of any change in the method of establishing the terms from that

used in the preceding period; and d. mounts due from or to related parties as of

the date of each balance sheet presented and, if not otherwise apparent, the

terms and manner of settlement.

COMMITMENT AND CONTINGENCIES

The Company follows subtopic 450-20 of the FASB Accounting Standards

Codification to report accounting for contingencies. Certain conditions may

exist as of the date the consolidated financial statements are issued, which may

result in a loss to the Company but which will only be resolved when one or more

future events occur or fail to occur. The Company assesses such contingent

liabilities, and such assessment inherently involves an exercise of judgment. In

assessing loss contingencies related to legal proceedings that are pending

against the Company or unasserted claims that may result in such proceedings,

the Company evaluates the perceived merits of any legal proceedings or

unasserted claims as well as the perceived merits of the amount of relief sought

or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material

loss has been incurred and the amount of the liability can be estimated, then

the estimated liability would be accrued in the Company's consolidated financial

statements. If the assessment indicates that a potential material loss

contingency is not probable but is reasonably possible, or is probable but

cannot be estimated, then the nature of the contingent liability, and an

estimate of the range of possible losses, if determinable and material, would be

disclosed.

Loss contingencies considered remote are generally not disclosed unless they

involve guarantees, in which case the guarantees would be disclosed. Management

does not believe, based upon information available at this time, that these

matters will have a material adverse effect on the Company's consolidated

financial position, results of operations or cash flows. However, there is no

assurance that such matters will not materially and adversely affect the

Company's business, financial position, and results of operations or cash flows.

REVENUE RECOGNITION

The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards

Codification for revenue recognition. The Company will recognize revenue when it

is realized or realizable and earned. The Company considers revenue realized or

realizable and earned when it has persuasive evidence of an arrangement that the

services have been rendered to the customer, the sales price is fixed or

determinable, and collectability is reasonably assured.

INCOME TAXES

The Company accounts for income taxes under Section 740-10-30 of the FASB

Accounting Standards Codification. Deferred income tax assets and liabilities

are determined based upon differences between the financial reporting and tax

bases of assets and liabilities and are measured using the enacted tax rates and

laws that will be in effect when the differences are expected to reverse.

Deferred tax assets are reduced by a valuation allowance to the extent

management concludes it is more likely than not that the assets will not be

realized. Deferred tax assets and liabilities are measured using enacted tax

rates expected to apply to taxable income in the years in which those temporary

differences are expected to be recovered or settled. The effect on deferred tax

assets and liabilities of a change in tax rates is recognized in the statements

of operations in the period that includes the enactment date.

The Company adopted section 740-10-25 of the FASB Accounting Standards

Codification ("Section 740-10-25"). Section 740-10-25 addresses the

determination of whether tax benefits claimed or expected to be claimed on a tax

return should be recorded in the financial statements. Under Section 740-10-25,

the Company may recognize the tax benefit from an uncertain tax position only if

it is more likely than not that the tax position will be sustained on

examination by the taxing authorities, based on the technical merits of the

position. The tax benefits recognized in the financial statements from such a

position should be measured based on the largest benefit that has a greater than

fifty percent (50%) likelihood of being realized upon ultimate settlement.

Section 740-10-25 also provides guidance on de-recognition, classification,

interest and penalties on income taxes, accounting in interim periods and

requires increased disclosures. The Company had no material adjustments to its

liabilities for unrecognized income tax benefits according to the provisions of

Section 740-10-25.

The estimated future tax effects of temporary differences between the tax basis

of assets and liabilities are reported in the accompanying consolidated balance

sheets, as well as tax credit carry-backs and carry-forwards. The Company

periodically reviews the recoverability of deferred tax assets recorded on its

consolidated balance sheets and provides valuation allowances as management

deems necessary.

Management makes judgments as to the interpretation of the tax laws that might

be challenged upon an audit and cause changes to previous estimates of tax

liability. In addition, the Company operates within multiple taxing

jurisdictions and is subject to audit in these jurisdictions. In management's

opinion, adequate provisions for income taxes have been made for all years. If

actual taxable income by tax jurisdiction varies from estimates, additional

allowances or reversals of reserves may be necessary.

UNCERTAIN TAX POSITIONS

The Company did not take any uncertain tax positions and had no adjustments to

its income tax liabilities or benefits pursuant to the provisions of Section

740-10-25 for the interim period ending October 31, 2011 or 2010.

NET LOSS PER COMMON SHARE

Net loss per common share is computed pursuant to section 260-10-45 of the FASB

Accounting Standards Codification. Basic net loss per common share is computed

by dividing net loss by the weighted average number of shares of common stock

outstanding during the period. Diluted net loss per common share is computed by

dividing net loss by the weighted average number of shares of common stock and

potentially outstanding shares of common stock during the period to reflect the

potential dilution that could occur from common shares issuable through stock

options and warrants.

There were no potentially dilutive shares outstanding for the interim perioed

ended October 31, 2011 or 2010.

CASH FLOWS REPORTING

The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards

Codification for cash flows reporting, classifies cash receipts and payments

according to whether they stem from operating, investing, or financing

activities and provides definitions of each category, and uses the indirect or

reconciliation method ("Indirect method") as defined by paragraph 230-10-45-25

of the FASB Accounting Standards Codification to report net cash flow from

operating activities by adjusting net income to reconcile it to net cash flow

from operating activities by removing the effects of (a) all deferrals of past

operating cash receipts and payments and all accruals of expected future

operating cash receipts and payments and (b) all items that are included in net

income that do not affect operating cash receipts and payments.

SUBSEQUENT EVENTS

The Company follows the guidance in Section 855-10-50 of the FASB Accounting

Standards Codification for the disclosure of subsequent events. The Company will

disclose the date through which subsequent events have been evaluated and that

date is the date when the financial statements were issued.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In May 2011, the FASB issued the FASB Accounting Standards Update No. 2011-04

"Fair Value Measurement" ("ASU 2011-04"). This amendment and guidance are the

result of the work by the FASB and the IASB to develop common requirements for

measuring fair value and for disclosing information about fair value

measurements in accordance with U.S. GAAP and International Financial Reporting

Standards (IFRSs).

This update does not modify the requirements for when fair value measurements

apply; rather, they generally represent clarifications on how to measure and

disclose fair value under ASC 820, Fair Value Measurement, including the

following revisions:

     *    An entity that holds a group of financial assets and financial

          liabilities whose market risk (that is, interest rate risk, currency

          risk, or other price risk) and credit risk are managed on the basis of

          the entity's net risk exposure may apply an exception to the fair

          value requirements in ASC 820 if certain criteria are met. The

          exception allows such financial instruments to be measured on the

          basis of the reporting entity's net, rather than gross, exposure to

          those risks.

     *    In the absence of a Level 1 input, a reporting entity should apply

          premiums or discounts when market participants would do so when

          pricing the asset or liability consistent with the unit of account.

     *    Additional disclosures about fair value measurements.

The amendments in this Update are to be applied prospectively and are effective

for public entity during interim and annual periods beginning after December 15,

2011.

In June 2011, the FASB issued the FASB Accounting Standards Update No. 2011-05

"Comprehensive Income" ("ASU 2011-05"), which was the result of a joint project

with the IASB and amends the guidance in ASC 220, Comprehensive Income, by

eliminating the option to present components of other comprehensive income (OCI)

in the statement of stockholders' equity. Instead, the new guidance now gives

entities the option to present all non-owner changes in stockholders' equity

either as a single continuous statement of comprehensive income or as two

separate but consecutive statements. Regardless of whether an entity chooses to

present comprehensive income in a single continuous statement or in two separate

but consecutive statements, the amendments require entities to present all

reclassification adjustments from OCI to net income on the face of the statement

of comprehensive income.

The amendments in this Update should be applied retrospectively and are

effective for public entity for fiscal years, and interim periods within those

years, beginning after December 15, 2011.

Management does not believe that any other recently issued, but not yet

effective accounting pronouncements, if adopted, would have a material effect on

the accompanying consolidated financial statements.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details