Discontinued Operations

6 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Discontinued Operations

Note 3 – Discontinued Operations

Commission River

On September 2, 2010, we announced the sale on August 31, 2010, the effective date of the sale, of our operating subsidiary, Commission River. The transaction included the redemption by Commission River, of 800 shares of its common stock held by the Company in exchange for a secured negotiable promissory note in the amount of $490,000, with varying interest rates beginning at 6% and required monthly payments of $10,000, and in addition, Commission River forgave an intercompany receivable in the amount of $274,396. The remaining 200 shares of Commission River common stock was sold to its current management team, Adam Edwards and Patrick Oborn, who were also shareholders of the Company, for $15,000 and the cancelation of 489,984 common shares of BHCC, owned by Mr. Edwards and Mr. Oborn, which was agreed by both parties to have a value of $105,000. No gain was recorded on the transaction as it was with related parties. The offset to the transaction of $884,386 was recorded as an increase in additional paid in capital. This sale concludes the Company’s activity in the telecommunications and affiliate marketing fields and included substantially all of the Company’s assets and operations.

The information set forth in the financial statements for the periods ended December 31, 2010 have been restated to show discontinued operations. The results for the three months and six months ended December 31, 2011 may not necessarily be indicative of our actual results for the fiscal year ending June 30, 2012. We became a “shell corporation” for SEC regulatory purposes on September 1, 2010 and have no significant continuing operations on which to report financial results for periods beginning on that date and thereafter.

The following is financial information as of and for the six months ended December 31, 2011and 2010 relative to the discontinued operations described above.

Balance Sheet:

	December 31, 2011		June 30, 2011
Accrued liabilities	$	23,599	$	23,599
Current liabilities	$	23,599	$	23,599

Statement of Operations:

	December 31, 2011		December 31, 2010
Commission revenues	$	—	$	398,058
Commission expenses		—		(261,398	)
Gross revenue		—		127,660
Other expenses		—		(127,660	)
Net loss from discontinued operations	$	—	$	—