XML 17 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization and Development of the Business
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Organization and Development of the Business

 

NOTE 1 - ORGANIZATION AND DEVELOPMENT OF THE BUSINESS

 

ALPHA NETWORK ALLIANCE VENTURES INC (“ANAV”) was originally organized in the State of Delaware as Daedalus Ventures, Inc. (the “Company”) on August 12, 2010.

 

On June 1, 2011, the Company entered into an agreement and plan of merger with Alpha Network Alliance Ventures Inc., a Delaware corporation. Pursuant to the agreement, on December 28, 2011, Alpha Network Alliance Ventures Inc. was merged with and into Daedalus Ventures, Inc., whereupon the separate existence of Alpha Network Alliance Ventures Inc., ceased and Daedalus Ventures, Inc. became a surviving company. Immediately upon the completion of the merger, the Company changed its name to Alpha Network Alliance Ventures Inc.

 

The Company is focused on building and operating a social networking software application and other internet driven applications. The company builds tools that enable users to connect, share, discover, and communicate with each other. The software application would also allow its users to post reviews and share shopping and fashion tips and opinions or to integrate their Websites. It also offers products that enable advertisers and marketers to engage with its users.