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Note 3 - Related Party Transactions
6 Months Ended
Jul. 31, 2013
Notes  
Note 3 - Related Party Transactions

NOTE 3 - RELATED PARTY TRANSACTIONS

 

During the six months ended July 31, 2013 the Company recognized a total of $3,000 for donated rent and services provided by the President and Director of the Company.

 

In 2012 and 2013, Affinity Mediaworks had incurred liabilities to Cortland Communications, LLC in the amount of $16,097 in both notes payable and accrued interest on those notes.  Cortland Communications, LLC is a majority shareholder in Affinity Mediaworks Corp.  On July 12, 2012, 57,000,000 shares of common stock were issued to Cortland Communications, LLC in exchange for all notes payable and accrued interest outstanding as of that date, in the amount of $16,098. On July 31, 2013, Affinity Mediaworks incurred a liability to Cortland Communications, LLC in the amount of $100.  The promissory note bears simple interest at 15% per annum. As of July 31, 2013, Affinity Mediaworks Corp. currently owes Cortland Communications, LLC $100 in principal on this note, with interest accrued of $0.

 

As of July 31, 2013, Affinity Mediaworks Corp. has incurred a liability to Lyboldt-Daly, Inc. in the amount of $5,500. Lyboldt-Daly completed bookkeeping and internal accounting for Affinity Mediaworks Corp.  Joseph Passalaqua is the President of Lyboldt-Daly, Inc. and the Secretary of Cortland Communications, a majority shareholder in Affinity Mediaworks Corp.

 

As of July 31, 2013, all activities of Affinity Mediaworks Corp. have been conducted by corporate officers from either their homes or business offices.  Currently, there are no outstanding debts owed by Affinity Mediaworks Corp. for the use of these facilities and there are no commitments for future use of the facilities.