STOCK OPTIONS:

9 Months Ended

12 Months Ended

Jun. 30, 2011

Sep. 30, 2010

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Shareholders' Equity and Share-based Payments [Text Block]

NOTE 8 -        STOCK OPTIONS:

The 2010 share option plan was established On March 3, 2010.

Options to Directors and Employees:

On March 3, 2010, the Board of Directors of the Company granted of 24,965,751 options to three officers of the Company, exercisable for two years at exercise prices of $0.001 per share, to be vested by the end of each three month from the date of employment agreement.

The fair value of the stock options grants was estimated using the Black-Schooled option valuation model that used the following assumptions:

	Percent %
Risk free interest		3.75	%
Dividend yields		0
Volatility		177	%
Expected term (in years)		2

The fair value of the options granted above using the Black-Scholes model is $0.75 per option.

NOTE 4   -  STOCK OPTIONS:

The 2010 share option plan was established On March 3, 2010.

Options to Directors and Employees:

On March 3, 2010, the Board of Directors of the Company granted of 24,965,751 options to three officers of the Company, exercisable for two years at exercise prices of $0.001 per share, to be vested by the end of each three month from the date of employment agreement signed on May 14, 2010.

The fair value of the stock options grants was estimated using the Black-Schooled option valuation model that used the following assumptions:

	%
Risk free interest	3.75%
Dividend yields	0
Volatility	177%
Expected term (in years)	2

The fair value of the options granted above using the Black-Scholes model is $0.75 per option.

A summary of the status of the stock options granted to employees and directors as of September 30, 2010, and changes during the year ended on those dates, is presented below:

	2010
			Weighted
	Number		average
	of		exercise
	options		price
				$
Options outstanding at beginning of year		-
Changes during the year:
Granted - at an exercise price above market price		24,965,751		0.001
Options outstanding at end of year		24,965,751		0.001
Options exercisable at end of year		7,281,677
Weighted average fair value of options granted during the year	$	0.001

Costs incurred in respect of stock based compensation for employees and directors, for the year ended September 30, 2010 were $5,455 thousand.

The following table presents summary information concerning the options outstanding as of September 30, 2010:

		Weighted
		Average	Weighted		Aggregate intrinsic value (in thousands)
Range of		Remaining	average
exercise	Number	Contractual	exercise
prices	outstanding	Life	price
$		Years		$		$
0.001	24,965,751	1.33		0.001		8,214

The following table presents summary information concerning the options exercisable as of September 30, 2010:

			Weighted
			Average	Weighted		Aggregate
Range of			Remaining	average		intrinsic value (in thousands)
exercise	Number		Contractual	exercise
prices	exercisable		Life	price
$			Years		$		$
0.001		7,281,677	1.33		0.001		2,396