RELATED PARTY TRANSACTIONS

12 Months Ended

Jun. 30, 2011

Notes to Financial Statements

DUE TO AFFILIATE

NOTE 5 - RELATED PARTY TRANSACTIONS ANTON NIELSEN VOJENS, ApS

The Company purchased Anton Nielsen Vojens ApS from a previous shareholder of the Company, Borkwood Development LTD ("Borkwood"). At the time of the acquisition, even though Borkwood was not a shareholder of AOXY, a director of Borkwood Aage Madsen was an officer of Anton Nielsen Vojens ApS. Aage Madsen was a director of Anton Nielsen Vojens until May 25, 2007 and from there forward, there were no related parties between AOXY and Borkwood Development LTD. The Company had an outstanding balance of long term debt to Borkwood Development LTD at June 30, 2011 was $165,976 .

During the period ending June 30, 2011 the Company took a loan from and lent to Iso-Ware A/S. Mr. Wolfe is an officer of Iso-Ware. At June 30, 2011 Iso-Ware A/S owed the Company $7,547. On August 3, 2011, the balance owed was $0.

NOTE 7 - DUE TO AFFILIATE

Due to affiliate consisted of:

1) advances payable to Crossfields, Inc., a related party, which are not collateralized, non-interest bearing, and payable upon demand, however, the Company did not expect to make payment within one year. During the year ended June 30, 2011 the Company borrowed $2,335 and had a balance of $38,793, from affiliates and officers to meet expenses. The balances were not collateralized, were non-interest bearing and were payable on demand.