SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
Sep. 30, 2011
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements involves the use of estimates, which have been made using judgment. Actual results may vary from these estimates. The financial statements have, in management's opinion, been prepared within the framework of the significant accounting policies summarized below: Development Stage Company The Company is considered to be in the development stage, as defined under Accounting Codification Standard, Development Stage Entities ("ASC-915"). Since its formation, the Company has not yet realized any revenues from its planned operations. Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates. Financial Instruments The fair value of the Company's financial instruments, consisting of cash and accounts payable and accrued liabilities, is equal to fair value due to their short-term to maturity. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Income Taxes The Company has adopted "ASC-740 - Income Taxes" which requires the use of the asset and liability method of accounting for income taxes. Under the method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. 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. Foreign Currency Translation The financial statements are presented in United States dollars. In accordance with Accounting Standards Codification ("ASC-830"), "Foreign Currency Matters", foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at the transaction date. Revenue and expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations. Basic and Diluted Loss Per Share In accordance with "ASC-260 - Earnings per Share", the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At September 30, 2011, the Company had no stock equivalents that were anti-dilutive and excluded in the loss per share computation. Stock-based Compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. As the Company has never granted any stock options the adoption of this accounting policy had no effect on its financial position or results of operations. Comprehensive Income The Company has adopted "ASC-220 - Comprehensive Income", which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholder's Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any transactions that are required to be reported in other comprehensive income. Recent Accounting Pronouncements In September 2006, the SEC issued SAB No. 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements." SAB No. 108 addresses how the effects of prior year uncorrected misstatements should be considered when quantifying misstatements in current year financial statements. SAB No. 108 requires companies to quantify misstatements using a balance sheet and income statement approach and to evaluate whether either approach results in quantifying an error that is material in light of relevant quantitative and qualitative factors. SAB No. 108 is effective for periods ending after November 15, 2006. The adoption of SAB No. 108 had no material effect on the Company's financial statements. In September 2006, the SEC issued SAB No. 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements." SAB No. 108 addresses how the effects of prior year uncorrected misstatements should be considered when quantifying misstatements in current year financial statements. SAB No. 108 requires companies to quantify misstatements using a balance sheet and income statement approach and to evaluate whether either approach results in quantifying an error that is material in light of relevant quantitative and qualitative factors. SAB No. 108 is effective for periods ending after November 15, 2006. The adoption of SAB No. 108 had no material effect on the Company's financial statements. In September 2006, the FASB issued SFAS No. 157, "Fair Value Measures". This Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), expands disclosures about fair value measurements, and applies under other accounting pronouncements that require or permit fair value measurements. SFAS No. 157 does not require any new fair value measurements. However, the FASB anticipates that for some entities, the application of SFAS No. 157 will change current practice. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, which for the Company would be the fiscal year beginning March 1, 2008. The Company is currently evaluating the impact of SFAS No. 157 but does not expect that it will have a material impact on its financial statements. In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans." This Statement requires an employer to recognize the over funded or under funded status of a defined benefit post retirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position, and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. SFAS No. 158 is effective for fiscal years ending after December 15, 2006. The implementation of SFAS No. 158 had no material impact on the Company's financial position and results of operations. In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities". This Statement permits entities to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007. The Company is currently assessing the impact of SFAS No. 159 on its financial position and results of operations. In December 2007, the FASB issued SFAS No. 160, "Non-controlling Interests in Consolidated Financial Statements". This Statement amends ARB 51 to establish accounting and reporting standards for the non-controlling (minority) interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a non-controlling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. SFAS No. 160 is effective for the Company's fiscal year beginning October 1, 2009. In December 2007, the FASB issued SFAS No. 141(R), "Business Combinations". This Statement replaces SFAS No. 141, Business Combinations. This Statement retains the fundamental requirements in Statement 141 that the acquisition method of accounting (which Statement 141 called the purchase method) be used for all business combinations and for an acquirer to be identified for each business combination. This Statement also establishes principles and requirements for how the acquirer: a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree; b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase and c) determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. SFAS No. 141(R) will apply prospectively to business combinations for which the acquisition date is on or after Company's fiscal year beginning October 1, 2009. While the Company has not yet evaluated this statement for the impact, if any, that SFAS No. 141(R) will have on its financial statements, the Company will be required to expense costs related to any acquisitions after September 30, 2011. In March, 2008, the FASB issued FASB Statement No. 161, "Disclosures about Derivative Instruments and Hedging Activities". The new standard is intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity's financial position, financial performance, and cash flows. It is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. The new standard also improves transparency about the location and amounts of derivative instruments in an entity's financial statements; how derivative instruments and related hedged items are accounted for under Statement 133; and how derivative instruments and related hedged items affect its financial position, financial performance, and cash flows. FASB Statement No. 161 achieves these improvements by requiring disclosure of the fair values of derivative instruments and their gains and losses in a tabular format. It also provides more information about an entity's liquidity by requiring disclosure of derivative features that are credit risk-related. Finally, it requires cross-referencing within footnotes to enable financial statement users to locate important. Based on current conditions, the Company does not expect the adoption of SFAS 161 to have a significant impact on its results of operations or financial position. In May of 2008, FASB issued SFASB No.162, "The Hierarchy of Generally Accepted Accounting Principles". The pronouncement mandates the GAAP hierarchy reside in the accounting literature as opposed to the audit literature. This has the practical impact of elevating FASB Statements of Financial Accounting Concepts in the GAAP hierarchy. This pronouncement will become effective 60 days following SEC approval. The Company does not believe this pronouncement will impact its financial statements. In May of 2008, FASB issued SFASB No. 163, "Accounting for Financial Guarantee Insurance Contracts-an interpretation of FASB Statement No. 60". The scope of the statement is limited to financial guarantee insurance (and reinsurance) contracts. The pronouncement is effective for fiscal years beginning after December 31, 2008. The Company does not believe this pronouncement will impact its financial statements. In April 2009, the FASB issued FSP FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments ("FSP FAS 107-1 and APB 28-1"). FSP FAS 107-1 and APB 28-1 amend FASB Statement No. 107, Disclosures about Fair Value of Financial Instruments, to require disclosures about fair value of financial instruments in interim as well as in annual financial statements. FSP FAS 107-1 and APB 28-1 also amend APB Opinion No. 28, Interim Financial Reporting, to require those disclosures in all interim financial statements. The adoption of these standards had no impact on our financial position or results of operations. In April 2009, the FASB issued FSP FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments ("FSP FAS 115-2 and FAS 124-2"). FSP FAS 115-2 and FAS 124-2 amend the other-than-temporary impairment guidance for debt securities to make the guidance more operational and to improve the presentation and disclosure of other-than-temporary impairments in the financial statements. The most significant change FSP FAS 115-2 and FAS 124-2 bring is a revision to the amount of other-than-temporary loss of a debt security recorded in earnings. The adoption of these standards had no impact on our financial position or results of operations. In May 2009, the FASB issued SFAS 165, "Subsequent Events." SFAS 165 establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. SFAS 165 sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements, and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. In accordance with SFAS 165, an entity should apply the requirements to interim or annual financial periods ending after June 15, 2009. SFAS 165 should not result in significant changes in the subsequent events that an entity reports - either through recognition or disclosure - in its financial statements. The adoption of this statement did not have a material impact on the Company's recognition or disclosure of subsequent events. The Company has performed an evaluation of subsequent events through August 3, 2010, which is the date the financial statements were issued. In June 2009, the FASB issued SFAS 168, "The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles - a replacement of FASB Statement No. 162." SFAS 168 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles in the United States. SFAS 168 is effective for financial statements issued for interim and annual periods ending after September 15, 2009. The Company does not expect the adoption of this statement to have an impact on the consolidated financial statements. In August 2009, the FASB issued guidance under Accounting Standards Update ("ASU") No. 2009-05, "Measuring Liabilities at Fair Value". This guidance clarifies how the fair value a liability should be determined. This guidance is effective for the first reporting period after issuance. The Company does not expect the adoption of this guidance to have a material impact on its financial statements. In October 2009, the FASB issued an amendment to the accounting standards related to certain revenue arrangements that include software elements. This standard clarifies the existing accounting guidance such that tangible products that contain both software and non-software components that function together to deliver the product's essential functionality, shall be excluded from the scope of the software revenue recognition accounting standards. Accordingly, sales of these products may fall within the scope of other revenue recognition standards or may now be within the scope of this standard and may require an allocation of the arrangement consideration for each element of the arrangement. This standard, for which the Company is currently assessing the impact, will become effective for the Company on January 1, 2011. In January 2010, the FASB issued ASU No. 2010-06 regarding fair value measurements and disclosures and improvement in the disclosure about fair value measurements. This ASU requires additional disclosures regarding significant transfers in and out of Levels 1 and 2 of fair value measurements, including a description of the reasons for the transfers. Further, this ASU requires additional disclosures for the activity in Level 3 fair value measurements, requiring presentation of information about purchases, sales, issuances, and settlements in the reconciliation for fair value measurements. This ASU is effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. We are currently evaluating the impact of this ASU; however, we do not expect the adoption of this ASU to have a material impact on our financial statements. In February 2010, the FASB issued ASU No. 2010-09 regarding subsequent events and amendments to certain recognition and disclosure requirements. Under this ASU, a public company that is a SEC filer, as defined, is not required to disclose the date through which subsequent events have been evaluated. This ASU is effective upon the issuance of this ASU. The adoption of this ASU did not have a material impact on our financial statements. In April 2010, the FASB issued ASU No. 2010-18 regarding improving comparability by eliminating diversity in practice about the treatment of modifications of loans accounted for within pools under Subtopic 310-30 - Receivable - Loans and Debt Securities Acquired with Deteriorated Credit Quality ("Subtopic 310-30"). Furthermore, the amendments clarify guidance about maintaining the integrity of a pool as the unit of accounting for acquired loans with credit deterioration. Loans accounted for individually under Subtopic 310-30 continue to be subject to the troubled debt restructuring accounting provisions within Subtopic 310-40, Receivables--Troubled Debt Restructurings by Creditors. The amendments in this Update are effective for modifications of loans accounted for within pools under Subtopic 310-30 occurring in the first interim or annual period ending on or after July 15, 2010. The amendments are to be applied prospectively. Early adoption is permitted. We are currently evaluating the impact of this ASU; however, we do not expect the adoption of this ASU to have a material impact on our financial statements.

SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Sep. 30, 2011

2. SIGNIFICANT ACCOUNTING POLICIES

The financial  statements  of the Company have been prepared in accordance  with

generally  accepted  accounting  principles  in the  United  States of  America.

Because a precise determination of many assets and liabilities is dependent upon

future  events,  the  preparation  of financial  statements  involves the use of

estimates,  which have been made using  judgment.  Actual  results may vary from

these estimates.

The financial statements have, in management's opinion, been prepared within the

framework of the significant accounting policies summarized below:

Development Stage Company

The Company is  considered  to be in the  development  stage,  as defined  under

Accounting Codification Standard,  Development Stage Entities ("ASC-915"). Since

its  formation,  the Company has not yet realized any revenues  from its planned

operations.

Use of Estimates and Assumptions

The preparation of financial  statements in conformity  with generally  accepted

accounting principles 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  reporting  period.

Actual results could differ from those estimates.

Financial Instruments

The fair value of the Company's  financial  instruments,  consisting of cash and

accounts  payable and accrued  liabilities,  is equal to fair value due to their

short-term to maturity.  Unless otherwise noted, it is management's opinion that

the Company is not exposed to  significant  interest,  currency or credit  risks

arising from these financial instruments.

Income Taxes

The Company has adopted  "ASC-740 - Income Taxes" which  requires the use of the

asset and  liability  method of accounting  for income taxes.  Under the method,

deferred  tax  assets  and   liabilities  are  recognized  for  the  future  tax

consequences   attributable  to  temporary  differences  between  the  financial

statements  carrying  amounts of assets and liabilities and their respective tax

bases.  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.

Foreign Currency Translation

The financial  statements are presented in United States dollars.  In accordance

with Accounting Standards Codification ("ASC-830"),  "Foreign Currency Matters",

foreign  denominated  monetary  assets and liabilities are translated into their

United States dollar equivalents using foreign exchange rates which prevailed at

the balance sheet date.  Non-monetary  assets and  liabilities are translated at

the  transaction  date.  Revenue and expenses are translated at average rates of

exchange during the period.  Related  translation  adjustments are reported as a

separate  component of stockholders'  equity,  whereas gains or losses resulting

from foreign currency transactions are included in results of operations.

Basic and Diluted Loss Per Share

In  accordance  with  "ASC-260 - Earnings per Share",  the basic loss per common

share is computed by dividing net loss available to common  stockholders  by the

weighted  average number of common shares  outstanding.  Diluted loss per common

share is  computed  similar  to basic  loss per  common  share  except  that the

denominator is increased to include the number of additional  common shares that

would have been  outstanding if the potential  common shares had been issued and

if the  additional  common  shares were  dilutive.  At September  30, 2011,  the

Company had no stock  equivalents  that were  anti-dilutive  and excluded in the

loss per share computation.

Stock-based Compensation

The Company records stock based  compensation in accordance with the guidance in

ASC Topic 718 which  requires the Company to recognize  expenses  related to the

fair value of its employee stock option awards.  This eliminates  accounting for

share-based  compensation  transactions  using the intrinsic  value and requires

instead that such transactions be accounted for using a fair-value-based method.

As the  Company  has  never  granted  any stock  options  the  adoption  of this

accounting  policy  had no  effect  on its  financial  position  or  results  of

operations.

Comprehensive Income

The Company has adopted  "ASC-220 -  Comprehensive  Income",  which  establishes

standards for reporting and display of comprehensive  income, its components and

accumulated  balances.   When  applicable,   the  Company  would  disclose  this

information  on its  Statement of  Stockholder's  Equity.  Comprehensive  income

comprises   equity  except  those  resulting  from  investments  by  owners  and

distributions  to owners.  The  Company  has not had any  transactions  that are

required to be reported in other comprehensive income.

Recent Accounting Pronouncements

In September 2006, the SEC issued SAB No. 108, "Considering the Effects of Prior

Year  Misstatements  when  Quantifying  Misstatements  in Current Year Financial

Statements."  SAB No. 108  addresses  how the effects of prior year  uncorrected

misstatements  should be considered when  quantifying  misstatements  in current

year  financial   statements.   SAB  No.  108  requires  companies  to  quantify

misstatements  using a  balance  sheet  and  income  statement  approach  and to

evaluate  whether  either  approach  results  in  quantifying  an error  that is

material in light of relevant  quantitative and qualitative factors. SAB No. 108

is effective for periods ending after November 15, 2006. The adoption of SAB No.

108 had no material effect on the Company's financial statements.

In September 2006, the SEC issued SAB No. 108, "Considering the Effects of Prior

Year  Misstatements  when  Quantifying  Misstatements  in Current Year Financial

Statements."  SAB No. 108  addresses  how the effects of prior year  uncorrected

misstatements  should be considered when  quantifying  misstatements  in current

year  financial   statements.   SAB  No.  108  requires  companies  to  quantify

misstatements  using a  balance  sheet  and  income  statement  approach  and to

evaluate  whether  either  approach  results  in  quantifying  an error  that is

material in light of relevant  quantitative and qualitative factors. SAB No. 108

is effective for periods ending after November 15, 2006. The adoption of SAB No.

108 had no material effect on the Company's financial statements.

In September  2006,  the FASB issued SFAS No. 157, "Fair Value  Measures".  This

Statement  defines fair value,  establishes a framework for measuring fair value

in generally accepted  accounting  principles (GAAP),  expands disclosures about

fair value measurements,  and applies under other accounting pronouncements that

require or permit fair value measurements. SFAS No. 157 does not require any new

fair value measurements.  However,  the FASB anticipates that for some entities,

the  application of SFAS No. 157 will change current  practice.  SFAS No. 157 is

effective  for  financial  statements  issued for fiscal years  beginning  after

November  15,  2007,  which for the Company  would be the fiscal year  beginning

March 1, 2008.  The Company is currently  evaluating  the impact of SFAS No. 157

but does  not  expect  that it will  have a  material  impact  on its  financial

statements.

In September  2006,  the FASB issued SFAS No. 158,  "Employers'  Accounting  for

Defined Benefit Pension and Other Postretirement Plans." This Statement requires

an employer to  recognize  the over funded or under  funded  status of a defined

benefit post retirement  plan (other than a  multiemployer  plan) as an asset or

liability in its statement of financial  position,  and to recognize  changes in

that funded status in the year in which the changes occur through  comprehensive

income.  SFAS No. 158 is effective  for fiscal  years ending after  December 15,

2006. The implementation of SFAS No. 158 had no material impact on the Company's

financial position and results of operations.

In February  2007,  the FASB issued  SFAS No.  159,  "The Fair Value  Option for

Financial Assets and Financial Liabilities".  This Statement permits entities to

choose to measure many financial assets and financial liabilities at fair value.

Unrealized  gains and losses on items for which the fair  value  option has been

elected are  reported in earnings.  SFAS No. 159 is  effective  for fiscal years

beginning after November 15, 2007. The Company is currently assessing the impact

of SFAS No. 159 on its financial position and results of operations.

In December  2007, the FASB issued SFAS No. 160,  "Non-controlling  Interests in

Consolidated  Financial  Statements".  This Statement amends ARB 51 to establish

accounting and reporting standards for the  non-controlling  (minority) interest

in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a

non-controlling  interest  in a  subsidiary  is an  ownership  interest  in  the

consolidated  entity  that  should be  reported  as  equity in the  consolidated

financial  statements.  SFAS No. 160 is effective for the Company's  fiscal year

beginning October 1, 2009.

In December 2007, the FASB issued SFAS No. 141(R), "Business Combinations". This

Statement replaces SFAS No. 141, Business  Combinations.  This Statement retains

the fundamental  requirements  in Statement 141 that the  acquisition  method of

accounting  (which  Statement  141 called the  purchase  method) be used for all

business  combinations  and for an acquirer to be  identified  for each business

combination. This Statement also establishes principles and requirements for how

the  acquirer:  a)  recognizes  and  measures in its  financial  statements  the

identifiable assets acquired,  the liabilities  assumed, and any non-controlling

interest in the acquiree;  b) recognizes  and measures the goodwill  acquired in

the business  combination  or a gain from a bargain  purchase and c)  determines

what  information  to disclose to enable users of the  financial  statements  to

evaluate the nature and financial effects of the business combination.  SFAS No.

141(R)  will  apply  prospectively  to  business   combinations  for  which  the

acquisition date is on or after Company's fiscal year beginning October 1, 2009.

While the Company has not yet evaluated this  statement for the impact,  if any,

that SFAS No. 141(R) will have on its financial statements,  the Company will be

required to expense costs related to any acquisitions after September 30, 2011.

In March,  2008,  the FASB issued FASB  Statement  No. 161,  "Disclosures  about

Derivative Instruments and Hedging Activities".  The new standard is intended to

improve financial reporting about derivative  instruments and hedging activities

by requiring enhanced disclosures to enable investors to better understand their

effects on an  entity's  financial  position,  financial  performance,  and cash

flows.  It is effective  for  financial  statements  issued for fiscal years and

interim  periods  beginning  after  November  15, 2008,  with early  application

encouraged.  The new standard also improves  transparency about the location and

amounts of  derivative  instruments  in an entity's  financial  statements;  how

derivative  instruments  and  related  hedged  items  are  accounted  for  under

Statement  133; and how derivative  instruments  and related hedged items affect

its financial position,  financial  performance,  and cash flows. FASB Statement

No. 161 achieves these  improvements by requiring  disclosure of the fair values

of derivative  instruments  and their gains and losses in a tabular  format.  It

also  provides  more  information  about  an  entity's  liquidity  by  requiring

disclosure of  derivative  features that are credit  risk-related.  Finally,  it

requires  cross-referencing within footnotes to enable financial statement users

to locate important.  Based on current  conditions,  the Company does not expect

the  adoption  of SFAS  161 to  have a  significant  impact  on its  results  of

operations or financial position.

In May of 2008, FASB issued SFASB No.162,  "The Hierarchy of Generally  Accepted

Accounting Principles".  The pronouncement mandates the GAAP hierarchy reside in

the  accounting  literature  as  opposed to the audit  literature.  This has the

practical impact of elevating FASB Statements of Financial  Accounting  Concepts

in the  GAAP  hierarchy.  This  pronouncement  will  become  effective  60  days

following SEC  approval.  The Company does not believe this  pronouncement  will

impact its financial statements.

In May of 2008, FASB issued SFASB No. 163,  "Accounting for Financial  Guarantee

Insurance  Contracts-an  interpretation  of FASB Statement No. 60". The scope of

the  statement is limited to financial  guarantee  insurance  (and  reinsurance)

contracts.  The  pronouncement  is effective  for fiscal years  beginning  after

December 31, 2008. The Company does not believe this  pronouncement  will impact

its financial statements.

In April 2009, the FASB issued FSP FAS 107-1 and APB 28-1,  Interim  Disclosures

about Fair Value of Financial  Instruments  ("FSP FAS 107-1 and APB 28-1").  FSP

FAS 107-1 and APB 28-1 amend FASB  Statement  No.  107,  Disclosures  about Fair

Value of  Financial  Instruments,  to  require  disclosures  about fair value of

financial instruments in interim as well as in annual financial statements.  FSP

FAS  107-1 and APB 28-1  also  amend  APB  Opinion  No.  28,  Interim  Financial

Reporting, to require those disclosures in all interim financial statements. The

adoption of these  standards had no impact on our financial  position or results

of operations.

In April  2009,  the FASB  issued FSP FAS 115-2 and FAS 124-2,  Recognition  and

Presentation  of  Other-Than-Temporary  Impairments  ("FSP  FAS  115-2  and  FAS

124-2"). FSP FAS 115-2 and FAS 124-2 amend the  other-than-temporary  impairment

guidance  for debt  securities  to make the  guidance  more  operational  and to

improve the presentation and disclosure of  other-than-temporary  impairments in

the  financial  statements.  The most  significant  change FSP FAS 115-2 and FAS

124-2 bring is a revision to the amount of  other-than-temporary  loss of a debt

security recorded in earnings.  The adoption of these standards had no impact on

our financial position or results of operations.

In May 2009, the FASB issued SFAS 165, "Subsequent Events." SFAS 165 establishes

general  standards of accounting  for and  disclosure of events that occur after

the  balance  sheet  date but  before  financial  statements  are  issued or are

available to be issued.  SFAS 165 sets forth the period after the balance  sheet

date during which  management of a reporting  entity should  evaluate  events or

transactions  that may occur for  potential  recognition  or  disclosure  in the

financial  statements,  the circumstances under which an entity should recognize

events or  transactions  occurring after the balance sheet date in its financial

statements,  and the  disclosures  that an entity  should  make about  events or

transactions that occurred after the balance sheet date. In accordance with SFAS

165, an entity  should  apply the  requirements  to interim or annual  financial

periods  ending after June 15, 2009.  SFAS 165 should not result in  significant

changes  in the  subsequent  events  that an  entity  reports  - either  through

recognition  or disclosure - in its financial  statements.  The adoption of this

statement  did not  have a  material  impact  on the  Company's  recognition  or

disclosure  of  subsequent  events.  The Company has  performed an evaluation of

subsequent  events  through  August  3,  2010,  which is the date the  financial

statements were issued.

In June  2009,  the  FASB  issued  SFAS  168,  "The  FASB  Accounting  Standards

Codification and the Hierarchy of Generally Accepted  Accounting  Principles - a

replacement  of FASB  Statement  No.  162." SFAS 168  identifies  the sources of

accounting principles and the framework for selecting the principles used in the

preparation  of  financial  statements  of  nongovernmental  entities  that  are

presented in conformity  with generally  accepted  accounting  principles in the

United States. SFAS 168 is effective for financial statements issued for interim

and annual periods ending after  September 15, 2009. The Company does not expect

the adoption of this statement to have an impact on the  consolidated  financial

statements.

In August 2009,  the FASB issued  guidance  under  Accounting  Standards  Update

("ASU") No.  2009-05,  "Measuring  Liabilities  at Fair  Value".  This  guidance

clarifies how the fair value a liability should be determined.  This guidance is

effective for the first reporting  period after  issuance.  The Company does not

expect the adoption of this guidance to have a material  impact on its financial

statements.

In October  2009,  the FASB  issued an  amendment  to the  accounting  standards

related to certain revenue  arrangements  that include software  elements.  This

standard clarifies the existing  accounting guidance such that tangible products

that contain both software and non-software components that function together to

deliver the product's essential functionality,  shall be excluded from the scope

of the software revenue recognition accounting standards.  Accordingly, sales of

these products may fall within the scope of other revenue recognition  standards

or may now be within the scope of this standard and may require an allocation of

the  arrangement  consideration  for  each  element  of  the  arrangement.  This

standard,  for which the Company is currently  assessing the impact, will become

effective for the Company on January 1, 2011.

In  January  2010,  the  FASB  issued  ASU  No.  2010-06  regarding  fair  value

measurements  and disclosures and improvement in the disclosure about fair value

measurements.  This ASU requires additional  disclosures  regarding  significant

transfers in and out of Levels 1 and 2 of fair value  measurements,  including a

description  of the  reasons  for the  transfers.  Further,  this  ASU  requires

additional  disclosures  for the  activity  in Level 3 fair value  measurements,

requiring  presentation of information about purchases,  sales,  issuances,  and

settlements  in the  reconciliation  for fair  value  measurements.  This ASU is

effective for fiscal years  beginning  after  December 15, 2010, and for interim

periods  within those fiscal years.  We are currently  evaluating  the impact of

this ASU; however,  we do not expect the adoption of this ASU to have a material

impact on our financial statements.

In February 2010, the FASB issued ASU No. 2010-09  regarding  subsequent  events

and amendments to certain  recognition and disclosure  requirements.  Under this

ASU, a public  company  that is a SEC filer,  as  defined,  is not  required  to

disclose the date through which subsequent events have been evaluated.  This ASU

is  effective  upon the  issuance of this ASU.  The adoption of this ASU did not

have a material impact on our financial statements.

In April 2010, the FASB issued ASU No. 2010-18 regarding improving comparability

by  eliminating  diversity in practice about the treatment of  modifications  of

loans  accounted for within pools under Subtopic 310-30 - Receivable - Loans and

Debt Securities Acquired with Deteriorated  Credit Quality ("Subtopic  310-30").

Furthermore,  the amendments clarify guidance about maintaining the integrity of

a pool as the unit of accounting for acquired  loans with credit  deterioration.

Loans accounted for individually under Subtopic 310-30 continue to be subject to

the troubled debt  restructuring  accounting  provisions within Subtopic 310-40,

Receivables--Troubled  Debt Restructurings by Creditors.  The amendments in this

Update are effective for modifications of loans accounted for within pools under

Subtopic  310-30  occurring in the first  interim or annual  period ending on or

after July 15,  2010.  The  amendments  are to be applied  prospectively.  Early

adoption  is  permitted.  We are  currently  evaluating  the impact of this ASU;

however,  we do not expect the adoption of this ASU to have a material impact on

our financial statements.

- Definition

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

+ References+ Details