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Loans payable to related parties
9 Months Ended
Sep. 30, 2011
Loans payable to related parties
Note 4 –Loans payable to related parties

On March 24, 2011 the former CEO and shareholder waived his claim to his loan payable as part of a comprehensive settlement agreement with the Company (see Note 7).  The Company realized a gain on settlement of $404,623 at December 31, 2010 as a result of the cancellation of this debt.