RESTATEMENT OF THE FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 12 - RESTATEMENT OF THE FINANCIAL STATEMENTS

The Company is restating its previously issued financial statements for the period from June 30, 2010 (Inception) to December 31, 2010 to reflect the financial information of the on-going reporting company before the reverse merger for the comparison purpose. The financial statements for December 31, 2011 are consistent with the original December 31, 2011 financials for the original 10-K filed on April 16, 2012

The effect of the restatements on our consolidated statement of operations for the period from June 30, 2010 (Inception) to December 31, 2010 is as follows:

	As Previously Reported		Adjustments			Restated
Revenue	$	-	$	-		$	-
Expenses
General and administrative expenses		-		1,142,613			1,142,613
		-		1,142,613			1,142,613
Loss before provision for income tax				(1,142,613	)		(1,142,613	)
Provision for income tax		-		-			-
Net Loss	$	-	$	(1,142,613	)	$	(1,142,613	)
Basic and fully diluted loss per share	$	-	$	(38.08	)	$	(38.08	)
Weighted average number of common shares outstanding – basic and diluted		10,000		20,000			30,000

The effect of the restatements on our consolidated statement of cash flows for the period from June 30, 2010 (Inception) to December 31, 2010 is as follows:

	As Previously Reported		Adjustments			Restated
Operating Activities
Net loss	$	-	$	(1,142,613	)	$	(1,142,613	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Accounts payable and accrued liabilities		-		1,023,468			1,023,468
Net cash used by operating activities		-		(119,145	)		(119,145	)
Financing Activities
Proceeds from issuance of common stock		-		100			100
Proceeds from convertible debentures		-		123,000			123,000
Net cash provided by financing activities		-		123,100			123,100
Net Increase In Cash		-		3,955			3,955
Cash, Beginning Of Period		-		-			-
Cash, End Of Period	$	-	$	3,955		$	3,955