COMMON STOCK & EQUITY

3 Months Ended

Mar. 31, 2012

COMMON STOCK & EQUITY

COMMON STOCK & EQUITY

NOTE 4 - COMMON STOCK & EQUITY

In connection  with the asset  purchase  agreement,  as summarized in Note 1, on

February 7, 2012,  our board of directors  approved to effect a name change from

Web Wizard, Inc. to Psychic Friends Network Inc.

In addition to the name change,  our board of directors  approved a ten (10) new

for one (1) old forward stock split of our authorized and issued and outstanding

shares of common stock.  Upon effect of the forward stock split,  our authorized

capital was increased from 75,000,000 to 750,000,000  shares of common stock and

correspondingly, our issued and outstanding shares of common stock was increased

from  8,225,000 to  82,250,000  shares of common stock as of September 30, 2011,

all with a par value of $0.001.

COMMON STOCK ISSUED

In June 2007, the Company issued 74,000,000 post-split shares of common stock at

a price of $0.001 per share, for total proceeds of $7,400.

In July 2007, the Company issued 8,250,000  post-split shares of common stock at

a price of $0.001 per share, for total proceeds of $16,500.

In February 2012, the Company issued 40,000 post-split shares of common stock at

a price of $0.75 per share, for total proceeds of $30,000.

In January 2012, the Company  authorized the issuance of 6,667 post-split shares

of common stock at a price of $0.75 per share,  for total  proceeds of $5,000 in

connection with convertible notes payable (see Note 3).

In January  2012,  the Company  authorized  the  issuance of 326,667  post-split

shares of common  stock at a price of $0.75 per  share,  for total  proceeds  of

$245,000.

ASSET PURCHASE AGREEMENT

Pursuant  to the "Asset  Purchase  Agreement"  (Note 1), on January 27, 2012 the

Company issued 50,600,000  post-split shares of common stock for the purchase of

intangible  assets with a fair value of $-0- from PFN  Holdings.  In  connection

with the issuance of stock,  the majority  shareholder  of the Company agreed to

forgive  $58,403 in related  party  advances  and cancel  50,000,000  post-split

shares of common  stock held by the  shareholder.  The value of the  liabilities

assumed was reduced to $58,003  through the assumption of $400 of liabilities of

PFN Holdings by the Company.  The Company has  presented the common stock issued

in this transaction on a net basis on the statement of stockholders' deficit.

As the assets purchased had a fair value of $-0- on the date of the transaction,

the value of the  shares  issued  was based on the net value of the  liabilities

extinguished of $58,003, which was recorded as additional paid-in capital due to

the fact that the  liabilities  were with a related party. Of the $58,003 of net

liabilities forgiven in the transaction, the shareholder agreed to pay $2,750 at

a later date, which amount has been recorded as a receivable at March 31, 2012.

OPTIONS AND WARRANTS

At March 31, 2012,  the Company had no issued or  outstanding  stock  options or

warrants.