COMMON STOCK

9 Months Ended

Sep. 30, 2011

COMMON STOCK [Text Block]

NOTE 6 – COMMON STOCK

On June 13, 2008 (inception), the Company issued 54,000,000 founders’ shares (2,159,999 shares on a post-reverse split basis) for $10,000 cash.

On December 16, 2010, the Company effected a reverse stock split of its authorized and issued and outstanding shares of common stock on a one new share for twenty-five old shares bases (1:25). As a result, the Company’s authorized share capital decreased from 500,000,000 shares of common stock to 20,000,000 shares of common stock.

Effective February 24, 2011, the Company increased the number of its authorized shares of Common Stock from 20,000,000 shares, par value $0.001 per share, to 500,000,000 shares, par value $0.001 per share.

On September 30, 2011, the company issued 20,000,000 shares for settlement of debt for $400,000, par value $0.001 per share. Shares were valued at $.09 according to the closing trading price of the stock on the date of grant.

During the period ended September 30, 2011, the Company received $180,000 in subscription funds for 1,800,000 shares. The shares have not yet been issued.