Related Party Transactions

12 Months Ended

Jun. 30, 2012

Related Party Transactions

NOTE 6- RELATED PARTY TRANSACTIONS

Canceled Shares

In June 2013, the Company canceled 11,400,000 shares to Bernardo Chavarria, the Company’s chief executive officer. In June 2013, the Company canceled 64,600,000 shares to Jose Manuel Flores Hernandez, a founding officer of the Company.

Spin Off of Subsidiary

The Company acquired all the outstanding stock in RAG on October 8, 2012 for $100.  The appointed officers of RAG are also officers of Respect Innovations, Inc. RAG was spun off and sold for $100 to an officer of RAG under the terms of the canceled agreement with Respect Innovations, Inc.

Discontinued Operations

The gain on discontinued operations from the stone and tile business in fiscal year 2012 was $23,806. The net liabilities of CCT, Inc. on the date of disposal were $100,747 which the Company upon sale of CCT, Inc. to a former officer and director recorded as a capital contribution due to the related party nature of the disposal.