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Agreements
12 Months Ended
Jun. 30, 2012
Agreements:  
Agreements

 

Note 10 -   Agreements

 

On April 12, 2012, the Company entered into a Joint Marketing Agreement with a health care provider to develop common customers.  The health care provider provided a total of $190,000 to fund an advertising program that the Company will initiate in Arizona.  As of June 30, 2012, the marketing plan had not been initiated and the full $190,000 is included as a liability on the Balance Sheet.  Net revenues collected from customers the Company signs up for services under the marketing agreement, shall be split with 51% paid to the Company and 49% paid to the health care provider.  During the year ended June 30, 2012, there were no revenues earned under the agreement. Unless terminated in writing 30 days prior to the end of the 36 month term, the Agreement will automatically renew for additional one (1) year terms.  Subsequent to June 30, 2012 the Company acquired the health care provider company (See Note 11).