XML 32 R14.htm IDEA: XBRL DOCUMENT

SIGNIFICANT AGREEMENTS	12 Months Ended
Jun. 30, 2013
Notes to Financial Statements
SIGNIFICANT AGREEMENTS	On May 21, 2012, the Company entered into a license and revenue sharing agreement for an exclusive world-wide license to access, use, market and promote the Internet website MeAndMic.com. In consideration for this license the Company agreed to issue 182,400,000 shares of common stock, which have not been issued. The license was valued at $2,268 per share based on the estimated fair market value of the shares on the date of issuance. The parties to the Ageeement abandoned the contract. As a result, the 182,400,000 shares of common stock will not be issued and the license was fully impaired.

SIGNIFICANT AGREEMENTS

12 Months Ended

Jun. 30, 2013

On May 21, 2012, the Company entered into a license and revenue sharing agreement for an exclusive world-wide license to access, use, market and promote the Internet website MeAndMic.com. In consideration for this license the Company agreed to issue 182,400,000 shares of common stock, which have not been issued. The license was valued at $2,268 per share based on the estimated fair market value of the shares on the date of issuance.

The parties to the Ageeement abandoned the contract. As a result, the 182,400,000 shares of common stock will not be issued and the license was fully impaired.