Subsequent Events

9 Months Ended

Apr. 30, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 10 – Subsequent Events

Management has evaluated all events that occurred after the balance sheet date through the date when these financial statements were issued to determine if they must be reported. The management of the Company has determined that there was a reportable subsequent event to be disclosed as follows:

On May 1, 2014 (the “Effective Date”), the Company executed an Asset Purchase Agreement with Veloxum Corp., a Delaware corporation (“Veloxum”) to acquire all of Veloxum’s assets for hares of the Company’s common stock, par value $0.008 per share (the “Common Stock”), equal to three million dollars ($3,000,000) calculated based on the average closing price of the Common Stock during the thirty (30) trading days preceding February 25, 2014. On May 29, 2014, the Company consummated the closing of the acquisition (the “Closing”) and issued 13,100,437 shares of Common Stock to Veloxum (the “Issuance”). In connection with the Closing, Veloxum’s former CEO and co-founder, Kevin Cornell, was appointed as the President of the Company. and Veloxum’s CTO and co-founder, Michael Lazar, was appointed its CTO.