10-K/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K/A
                                (Amendment No. 1)

(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                   For the fiscal year ended February 29, 2012

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

             For the transition period from __________ to __________

                         Commission File No.: 333-165301

                                Earn-A-Car, Inc.
             (Exact name of registrant as specified in its charter)



                                                                        
           Nevada                                  7514                       27-1320213
  (State or jurisdiction of           (Primary Standard Industrial           IRS Employer
incorporation or organization)         Classification Code Number)      Identification Number


                            Office 1 The Falls Centre
                           Corner Great North and Webb
                             Northmead, Benoni 1522
                            Republic of South Africa
                    (Address of principal executive offices)

                                 +27 11 425 1666
                           (Issuer's telephone number)

                                      N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
value US$0.0000001

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or 15(d) of the Act. Yes [ ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No[ ]

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Website, if any, every Interactive Data File required to
be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (s 229.405) is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company filer.
See the definitions of "large accelerated filer," "accelerated filer" and
"smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]
Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

The aggregate market value of the voting and non-voting common equity held by
non-affiliates of the registrant as of June 11, 2012: US$1,010,250.

The number of shares of the registrant's common stock outstanding as of June 11,
2012: 112,250,000.

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to the Company's Annual Report on Form 10-K
for the fiscal year ended February 29, 2012, filed with the Securities and
Exchange Commission on June 13, 2012 (the "Form 10-K"), is solely to furnish
Exhibit 101 to the Form 10-K. Exhibit 101 provides the financial statements and
related notes from the Form 10-K formatted in XBRL (Extensible Business
Reporting Language).

No other changes have been made to the Form 10-K. This Amendment No. 1 to the
Form 10-K continues to speak as of the original filing date of the Form 10-K,
does not reflect events that may have occurred subsequent to the original filing
date, and does not modify or update in any way disclosures made in the original
Form 10-K.

Pursuant to rule 406T of Regulation S-T, the Interactive Data Files on Exhibit
101 hereto are deemed not filed or part of a registration statement or
prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as
amended, are deemed not filed for purposes of Section 18 of the Securities Act
of 1934, as amended, and otherwise are not subject to liability under those
sections.

                                       2

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Exhibit No.                        Description
-----------                        -----------

3.1           Articles of Incorporation, incorporated by reference to like
              numbered exhibit filed with the Registrant's registration
              statement on Form S-1 filed March 11, 2010.

3.2           Articles of Amendment, incorporated by reference to Exhibit 3.1 of
              Current Report on Form 8-K filed March 30, 202.

3.2           By -Laws, incorporated by reference to like numbered exhibit filed
              with the Registrant's registration statement on Form S-1 filed
              March 11, 2010.

10.1          Loan Agreement between Civiwize (proprietary) Limited (in the
              process of changing its name to EARN-A-CAR ASSETS 1 (PROPRIETARY)
              LIMITED) and ABSA BANK LIMITED, dated May 29, 2012, incorporated
              by like number exhibit to the Registrant's Current Report on Form
              8-K, dated May 29, 2012.

14.1          Code of Ethics, incorporated by reference to like numbered exhibit
              filed with the Registrant's amendment No. 1 to the Current Report
              on Form 8-K, dated December 7, 2011.

22.1          Subsidiaries; Subsidiaries; 100 % owned by Earn-a-Car Pty Ltd,
              Civiwize (proprietary) Limited (in the process of changing its
              name to EARN-A-CAR ASSETS 1 (PROPRIETARY) LIMITED), a South
              African corporation and Earn-A-Car (PTY), LTD., a South African
              corporation.

31.1*         Certification of the Chief Executive Officer pursuant to Rule
              13a-14(a), as Adopted Pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002

31.2*         Certification of the Chief Financial Officer pursuant to Rule
              13a-14(a), as Adopted Pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002

32.1*         Certifications of the Chief Executive Officer pursuant to 18
              U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
              Sarbanes-Oxley Act of 2002

32.2*         Certifications of the Chief Financial Officer pursuant to 18
              U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
              Sarbanes-Oxley Act of 2002

101**         Interactive Data Files pursuant to Rule 405 of Regulation S-T.

----------
*  Previously filed
** Filed herewith

                                       3

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                   EARN-A-CAR, INC.


June 15, 2012                      By: /s/ John Storey
                                       ----------------------------------------
                                       John Storey
                                       Chief Executive Officer
                                       (Principal Executive Officer)


                                   By: /s/ Bruce Dunnington
                                       ----------------------------------------
                                       Bruce Dunnington
                                       Chief Financial Officer (Principal
                                       Financial and Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

       Signature                          Title                        Date
       ---------                          -----                        ----


/s/ Graeme Hardie            Chairman of the Board and a Director  June 15, 2012
-------------------------


/s/ John Storey              CEO and a Director                    June 15, 2012
-------------------------
John Storey


                                       4

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REVENUE-EARNING VEHICLES

12 Months Ended

Feb. 29, 2012

REVENUE-EARNING VEHICLES

REVENUE-EARNING VEHICLES

2. REVENUE-EARNING VEHICLES

Revenue-earning vehicles consist of the following:

	February 29,	February 28,
	2012	2011
	------------	------------
Revenue-earning vehicles	$4,028,709	$3,081,754
Less accumulated depreciation	(1,046,649)	(717,922)
	------------	------------
	$2,982,060	$2,363,832
	============	============

Rent expense for vehicles leased under operating leases was $0 and $0 for the

years ending February 29, 2012 and February 28, 2011, respectively, and is

included in vehicle depreciation and lease charges, net.

XML

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Feb. 29, 2012

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS - Earn-A-Car, Inc. (formerly Victoria Internet Services,

Inc.) was incorporated in the State of Nevada on October 9, 2009. The company

was organized to operate as an online tax preparation service in the North

American market. On December 7, 2011, prior to commencing those operations, the

company has opted to change its business focus to the daily rental of vehicles

in the South African market.

On December 7, 2011, a simultaneous execution and closing was held under an

Agreement and Plan of Reorganization (the Plan"), by and among Victoria Internet

Services, Inc. (the "Company" "us" "we" ), Leon Golden (our then principal

shareholder) ("Golden") and Earn-A-Car (PTY), LTD., a corporation organized

under the laws of the Republic of South Africa ("EAC") and Depassez Investments

Ltd, a Seychelles corporation ("DPL"), owned by Graeme Hardie (our new principal

shareholder) ("Hardie").

Under the Plan DPL acquired 78,500,000 shares of our common stock from Golden

for $150,000 and the balance of Golden's 205,000,000 shares were submitted to

the transfer agent for cancellation and DPI contributed all of the shares of EAC

to the Company so that EAC became a wholly owned subsidiary of the Company and

the business of the Company is now the business of EAC. Mr. Golden also resigned

as an officer and director of the Company and John Storey ("Storey") and Hardie

were elected as directors and Storey was appointed CEO and President with Hardie

being appointed Chairman of the board.

On February 10, 2012 the Company filed an amendment with the Secretary of State

for Nevada to gain permission to change its name from Victoria Internet

Services, Inc. to Earn-A-Car, Inc. In conjunction with the name change the

Company also filed to have a new symbol on the Over The Counter Bulletin Board

(OTCBB). As of March 8, 2012 the Company no longer is listed with the symbol

VRIS, and is now listed on the OTCBB as EACR.

EARN-A-CAR (PTY) LTD - The wholly owned subsidiary was incorporated in South

Africa on July 2, 2005, and is primarily engaged in the business of the daily

rental of vehicles to business and leisure customers through company-owned

stores in the country of South Africa. On July 18, 2011, its name was changed

from "EasyCars Rental and Sales (PTY) Ltd." to "Earn-A-Car (PTY) Ltd.".

BASIS OF PRESENTATION- The accompanying financial statements have been prepared

in accordance with accounting principles generally accepted in the United States

of America and are presented in U.S. Dollars. In the opinion of management, all

adjustments necessary in order for the financial statements to be not misleading

have been reflected herein. The Company has selected a February 28 year end.

ESTIMATES - The preparation of the Company's consolidated financial statements

in conformity with accounting principles generally accepted in the United States

of America requires management to make estimates and assumptions that affect the

reported amounts and disclosures in the consolidated financial statements.

Actual results could differ materially from those estimates.

CASH AND CASH EQUIVALENTS - Cash and cash equivalents include cash on hand and

on deposit, including highly liquid investments with initial maturities of three

months or less. At February 29, 2012 and February 28, 2011 the Company had

$171,354 and $69,480 in cash and cash equivalents, respectively.

ALLOWANCE FOR DOUBTFUL ACCOUNTS - An allowance for doubtful accounts is

generally established during the period in which receivables are recorded. The

allowance is maintained at a level deemed appropriate based on loss experience

and other factors affecting collectability. As of February 29, 2012 and February

28, 2011 the Company had $264,189 and $317,313 in impaired receivables,

respectively. The allowance for these impaired receivables was $164,295 and

$17,210 for 2012 and 2011 respectively.

FINANCING ISSUE COSTS - Financing issue costs related to vehicle debt are

deferred and amortized to interest expense over the term of the related debt

using the effective interest method.

RECEIVABLES AND PAYABLES- Trade receivables and payables are measured at initial

recognition at fair value, and are subsequently measured using the effective

interest rate method of valuation. Appropriate allowances for estimated

uncollectible receivable balances are recognized in profit or loss when there is

evidence of impairment.

REVENUE-EARNING VEHICLES AND RELATED VEHICLE DEPRECIATION EXPENSE -

Revenue-earning vehicles are stated at cost, net of related discounts.

The Company must estimate what the residual values of these vehicles will be at

the expected time of disposal to determine monthly depreciation rates. The

estimation of residual values requires the Company to make assumptions regarding

the age and mileage of the car at the time of disposal, as well as the general

used vehicle auction market. The Company evaluates estimated residual values

periodically, and adjusts depreciation rates accordingly, on a prospective

basis.

Differences between actual residual values and those estimated by the Company

result in a gain or loss on disposal and are recorded as an adjustment to

depreciation expense. Actual timing of disposal either shorter or longer than

the life used for depreciation purposes could result in a loss or gain on sale.

Generally, the average holding term for vehicles is approximately 7 years.

PROPERTY AND EQUIPMENT - Property and equipment are recorded at cost and are

depreciated using principally the straight-line method over the estimated useful

lives of the related assets. Estimated useful lives generally range from ten to

thirty years for buildings and improvements and two to seven years for furniture

and equipment. Leasehold improvements are amortized over the estimated useful

lives of the related assets or leases, whichever is shorter. The average useful

lives of fixed assets are as follows:

Motor vehicles	6 years
Computer equipment	3 years
Computer software	2 years
Leased assets - motor vehicles	6 years

LONG-LIVED ASSETS - The Company reviews the value of long-lived assets,

including software, for impairment whenever events or changes in circumstances

indicate that the carrying amount of an asset may not be recoverable based upon

estimated future cash flows and records an impairment charge, equaling the

excess of the carrying value over the estimated fair value, if the carrying

value exceeds estimated future cash flows.

FOREIGN CURRENCY TRANSLATION - The Company's functional currency is the South

African Rand, the translation into US dollars is the presentation bases of these

financial statements. Foreign assets and liabilities are translated using the

exchange rate in effect at the balance sheet date, and results of operations are

translated using an average rate for the period. Translation adjustments are

accumulated and reported as a component of accumulated other comprehensive

income or loss.

REVENUE RECOGNITION - Revenues from vehicle rentals are recognized as earned on

a daily basis under the related rental contracts with customers.

ADVERTISING COSTS - Advertising costs are primarily expensed as incurred. During

the years ended February 29, 2012 and February 28, 2011, the Company incurred

advertising expense of $16,494 and $17,492, respectively.

INCOME TAXES - The Company has provided for income taxes on its separate taxable

income or loss and other tax attributes. Deferred income taxes are provided for

the temporary differences between the financial reporting basis and the tax

basis of the Company's assets and liabilities. The Company has no tax liability

in the United States.

EARNINGS PER SHARE - Basic earnings per share ("EPS") is computed by dividing

net income (loss) by the weighted average number of common shares outstanding

during the period. Diluted EPS is based on the combined weighted average number

of common shares and common share equivalents outstanding which include, where

appropriate, the assumed exercise of options. There were no such common stock

equivalents outstanding at February 29, 2012.

OTHER COMPREHENSIVE INCOME (LOSS) - Comprehensive income (loss) consists of net

income (loss) and other gains and losses affecting stockholder's equity that,

under GAAP, are excluded from net income (loss), including foreign currency

translation adjustments, gains and losses related to certain derivative

contracts, and gains or losses, prior service costs or credits, and transition

assets or obligations associated with pension or other postretirement benefits

that have not been recognized as components of net periodic benefit cost.

STOCK-BASED COMPENSATION- Stock-based compensation is accounted for at fair

value in accordance with SFAS No. 123 and 123 (R) (ASC 718). To date, the

Company has not adopted a stock option plan and has not granted any stock

options.

NEW ACCOUNTING STANDARDS - The Company does not expect the adoption of recently

issued accounting pronouncements to have a significant impact on the Company's

results of operations, financial position or cash flow.

XML

BALANCE SHEETS (USD $)	Feb. 29, 2012	Feb. 28, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 171,354	$ 69,480
Receivables, net	99,721	38,961
TOTAL CURRENT ASSETS	271,075	108,441
Property and equipment, net	14,242	9,607
Revenue-earning vehicles, net	2,982,060	2,363,832
OTHER ASSETS
Loans to shareholders	0	13,169
Loan receivable	15,312	16,682
TOTAL OTHER ASSETS	15,312	29,851
TOTAL ASSETS	3,282,689	2,511,731
CURRENT LIABILITIES
Accounts payable	292,447	220,402
Accrued expenses	51,747	21,032
Current portion of leases payable	593,533	398,908
Current portion of loans payable	152,243	201,162
TOTAL CURRENT LIABILITIES	1,089,970	841,504
LONG-TERM DEBT
Loans from shareholders	1,000	97,878
Leases payable	741,582	241,474
Loans payable	726,808	898,840
TOTAL LONG-TERM DEBT	1,469,390	1,238,192
TOTAL LIABILITIES	2,559,360	2,079,696
STOCKHOLDERS EQUITY
Common stock, $0.0000001 par value, 250,000,000 shares authorized, 112,250,000 and 500 shares issued and outstanding, respectively	11	60
Additional paid in capital	5,423	0
Accumulated other comprehensive (loss)	(35,278)	(5,792)
Retained earnings	753,173	437,767
TOTAL STOCKHOLDERS EQUITY	723,329	432,035
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$ 3,282,689	$ 2,511,731

XML

STATEMENT OF STOCKHOLDERS EQUITY (USD $)	Common stock Shares	Common stock Amount USD ($)	Paid in Capital USD ($)	Accumulated Other Comprehensive Income (Loss) USD ($)	Retained Earnings (Deficit) USD ($)	Total USD ($)
Balance at Feb. 28, 2009	100	10	0	29,931	(229,369)	(199,428)
(Loss) on currency translation		$ 0	$ 0	$ (41,796)	$ 0	$ (41,796)
Net earnings		0	0	0	266,416	266,416
Balance at Feb. 28, 2010	100	10	0	(11,865)	37,047	25,192
Common stock issued for cash at par	400	50	0	0	0	50
Gain on currency translation		0	0	6,073	0	6,073
Net earnings.		0	0	0	400,720	400,720
Balance at Feb. 28, 2011	500	60	0	(5,792)	437,767	432,035
(Loss) on currency translation.		0	0	(29,486)	0	(29,486)
Reorganization adjustment	233,749,500	(35)	5,409	0	0	5,374
Cancellation of stock-former CEO	(121,500,000)	(14)	14	0	0	0
Net income.		$ 0	$ 0	$ 0	$ 315,406	$ 315,406
Balance at Feb. 29, 2012	112,250,000	11	5,423	(35,278)	753,173	723,329

XML

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Feb. 29, 2012	Feb. 28, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income and other comprehensive income	$ 315,406	$ 400,720
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Change in cumulative translation adjustment.	(29,486)	6,073
Depreciation	522,591	206,757
Net losses from disposition of revenue-earning vehicles	69,010	66,386
Change in Assets and Liabilities:
(Increase) decrease in receivables	(60,760)	16,386
Increase (decrease) in accounts payables	72,045	(72,382)
Increase (decrease) in accrued expenses	30,715	5,626
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	919,521	629,566
Revenue-earning vehicles:
Purchases	(1,203,065)	(445,636)
Proceeds from sales	0	0
Property, equipment and software:
Purchases.	(11,401)	(10,396)
Proceeds from sales.	0	0
Loans extended	14,540	(16,682)
CASH FLOWS (USED) BY INVESTING ACTIVITIES	(1,199,926)	(472,714)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock	0	50
Additional paid in capital, due to merger	5,374	0
Proceeds from (Payments on) leases payable (net)	694,734	(52,963)
Proceeds from (Payments on) loans payable (net)	(220,950)	181,657
Proceeds from (Payments on) shareholder loans (net)	(96,879)	(247,390)
CASH FLOWS PROVIDED (USED) BY FINANCING ACTIVITIES	382,279	(118,646)
Net Increase in Cash and Cash Equivalents	101,874	38,206
Cash, beginning of period	69,480	31,274
CASH, END OF PERIOD	171,354	69,480
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	218,903	93,894
Cash paid for income taxes	$ 0	$ 0

XML

BALANCE SHEETS PARENTHETICALS (USD $)	Feb. 29, 2012	Feb. 28, 2011
Common Stock, par or stated value	$ 0.0000001	$ 0.0000001
Common Stock, shares authorized	250,000,000	250,000,000
Common Stock, shares issued	112,250,000	500
Common Stock, shares outstanding	112,250,000	500

XML

SUBSEQUENT EVENTS

12 Months Ended

Feb. 29, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to February 29, 2012 through

the date these financial statements were issued, and has determined that it does

not have any material subsequent events to disclose.

XML

Document and Entity Information (USD $)	12 Months Ended
	Feb. 29, 2012	Jun. 11, 2012
Document and Entity Information
Entity Registrant Name	Earn-A-Car Inc.
Document Type	10-K
Document Period End Date	Feb. 29, 2012
Amendment Flag	false
Entity Central Index Key	0001486297
Current Fiscal Year End Date	--02-29
Entity Common Stock, Shares Outstanding		112,250,000
Entity Public Float		$ 1,010,250
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

XML

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Feb. 29, 2012	Feb. 28, 2011
REVENUES
Vehicle rentals	$ 2,518,631	$ 2,124,939
Other	11,273	12,667
TOTAL REVENUES	2,529,904	2,137,606
EXPENSES
Direct vehicle and operating	943,823	1,068,370
Vehicle depreciation and lease charges	516,119	204,303
Selling, general and administrative	537,333	370,474
Interest expense	218,903	93,894
TOTAL EXPENSES	2,216,178	1,737,041
Operating Income	313,726	400,565
OTHER INCOME
Interest income	1,680	155
Net Income Before Provision for Income Taxes	315,406	400,720
Provision for Income Taxes	0	0
NET INCOME	$ 315,406	$ 400,720
EARNINGS PER SHARE	$ 0.01	$ 1,335.73
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	41,435,997	300

XML

DEBT AND OTHER OBLIGATIONS

12 Months Ended

Feb. 29, 2012

DEBT AND OTHER OBLIGATIONS

DEBT AND OTHER OBLIGATIONS

5. DEBT AND OTHER OBLIGATIONS

Debt and other obligations consist of the following:

	February 29,	February 28,
	2012	2011
	----------	----------
Loan payable - individual - unsecured,
interest bearing, no fixed repayment terms	$   26,546	$   27,804
Loan payable - individual - unsecured,
interest bearing, no fixed repayment terms	66,366	69,510
Loan payable - individual - unsecured,
interest bearing, no fixed repayment terms	90,257	95,229
Loan payable - individual - unsecured,
interest bearing, no fixed repayment terms	104,373	110,013
Loan payable - other - unsecured,
interest bearing, no fixed repayment terms	252,488	596,284
Loan payable - Jay & Jayendra (Pty) Ltd.
Secured by company vehicles, bearing an
interest rate of the prime rate, payable
within 12 months	159,278	166,824
Loan payable - other - unsecured, 2% per
month interest, repayable within 60 days
after year end, subject to default immediate
repayment stipulation	119,458	--
Loan payable - other - unsecured, interest
bearing, no fixed repayment terms	60,285	34,338
	----------	----------
Total	$  879,051	$  1,100,002
	----------	----------
Current portion of loans payable	152,243	201,162
	----------	----------
Long-term portion of loans payable	$ 726,808	$   898,840
	==========	==========

Expected maturities of debt and other obligations outstanding at February 29,

2012 are as follows:

	Loan Amounts	Lease Amounts		Total
	----------	----------	----------
Year ending February 28, 2013	$152,243	$593,533	$745,776
Year ending February 28, 2014	--	437,418	437,418
Year ending February 28, 2015	--	276,398	276,398
Year ending February 28, 2016	--	27,766	27,766
Year ending February 28, 2017	--	--	--
Thereafter	726,808	--	726,808
	----------	----------	----------
Total	$879,051	$1,335,115	$2,214,166
	==========	==========	==========

Installment sales and lease contracts are secured by installment sales and

finance lease agreements over revenue generating vehicles, having 2012 carrying

values of $546,796 and 1,624,501 respectively and 2011 carrying values of

$734,113 and $819,998 respectively. These installment sales and lease contracts

are repayable in monthly installments for 2012 of $15,443 and $58,647

respectively and 2011 monthly installments of $21,046 and $21,725 respectively.

XML

LOANS RECEIVABLE

12 Months Ended

Feb. 29, 2012

LOANS RECEIVABLE

LOANS RECEIVABLE

4. LOANS RECEIVABLE

At February 29, 2012, the Company has no loans receivable from shareholders. At

February 28, 2011, the Company has a loan receivable from a shareholder.

At February 29, 2012 and February 28, 2011, the Company has a receivable due

under a settlement agreement with a former employee with a balance of $15,312

and $16,682, respectively. This loan is to be repaid with interest of 10% in 48

equal installments of about $425; the payments began in March, 2011.

XML

COMMITMENTS AND CONTINGENCIES OPERATING LEASES

12 Months Ended

Feb. 29, 2012

COMMITMENTS AND CONTINGENCIES OPERATING LEASES

COMMITMENTS AND CONTINGENCIES OPERATING LEASES

8. COMMITMENTS AND CONTINGENCIES OPERATING LEASES

The Company operates from various leased premises under operating leases with

terms up to 5 years. Some of the leases contain renewal options. No contingent

rent is payable.

Expenses incurred under operating leases for the period were as follows:

	February 29,	February 28,
	2012	2011
	--------	--------
OPERATING LEASES:
Premises	$ 13,872	$ 46,283
Motor vehicles	--	16,465
	--------	--------
	$ 13,872	$ 62,748
	========	========

Future minimum rentals and fees under non-cancelable operating leases for the 12

month periods are presented in the following table:

February 28, 2013	$13,872
February 28, 2014	$13,872
February 28, 2015	$13,872
February 29, 2016	$13,872
February 28, 2017	$13,872

At February 29, 2012, the Company had no outstanding vehicle purchase

commitments over the next twelve months.

XML

PROVISION FOR INCOME TAXES

12 Months Ended

Feb. 29, 2012

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES

6. PROVISION FOR INCOME TAXES

The Company has no obligation for any federal or state income taxes in the

United States. Further, no provision has been made for taxes in South Africa for

2012 nor 2011 because the taxable losses and loss carryovers exceed the income

in those years.

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EQUITY

12 Months Ended

Feb. 29, 2012

EQUITY

EQUITY

7. EQUITY

On November 14, 2011 the Company filed a certificate of amendment to the

articles of incorporation which caused a 50 for 1 forward common stock split and

an increase in authorized common shares to 250,000,000.

On January 19, 2012 the Company cancelled 121,500,000 shares of common stock

that were held by Leon Golden, the former owner of Victoria Internet Services,

Inc.

As of February 29, 2012 and February 28, 2011 there were 112,250,000 and 500

common shares outstanding, respectively.

The Company is authorized to issue 20,000,000 preferred shares of stock. As of

February 29, 2012 and February 28, 2011 there were no (0) shares outstanding.

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RELATED PARTY TRANSACTIONS

12 Months Ended

Feb. 29, 2012

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

9. RELATED PARTY TRANSACTIONS

The Company engages in activities with parties who hold ownership in the

Company. The Company borrows funds from related parties and pays consulting fees

to related parties. The related party transactions are as follows:

	February 29,	February 28,
	2012	2011
	--------	--------
Loans payable to shareholders:
Cobalt Capital (Pty) Ltd.	$      0	$  26,174
G. Yannakopoulos	0	71,704
G. Hardie	1,000
	--------	--------
Total loans payable to related parties	$  1,000	$  97,878
	========	========
Loans receivable from shareholders
Cobalt Capital (Pty) Ltd.	$     0	$      0
M. DuPlessis	0	13,169
G. Yannakopoulos	0	0
	--------	--------
Total loans receivable from related parties	$     0	$ 13,169
	========	========
Compensation paid to directors
M. DuPlessis	52,482	52,697
G. Yannakopoulos	52,482	52,697
	--------	--------
	$104,964	$105,394
	========	========

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STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
	Feb. 29, 2012	Feb. 28, 2011
NET INCOME	$ 315,406	$ 400,720
FOREIGN CURRENCY TRANSLATION
Change in cumulative translation adjustment	(29,486)	6,073
TOTAL	$ (29,486)	$ 6,073

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PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 29, 2012

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

Major classes of property and equipment consist of the following:

	February 29,	February 28,
	2012	2011
	------------	------------
Computer equipment	$  17,757	$  9,385
Computer software	5,649	3,192
	------------	------------
	23,406	12,577
Less accumulated depreciation	(9,164)	(2,970)
	------------	------------
	$ 14,242	$ 9,607
	============	============

During 2012 and 2011, the Company recorded no provisions for the impairment of

assets.