Note 15 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Note 15 - Commitments and Contingencies:

Note 15 - Commitments and Contingencies

Note 15 – Commitments and Contingencies

The Company's business operations exist solely in the PRC and are subject to significant risks not typically associated with companies in North America and Western Europe.  These include risks associated with, among others, the political, economic and legal environments and foreign currency limitations.

The Company's results may thus be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies, laws, regulations, anti-inflationary measures, currency conversion and remittance limitation, and rates and methods of taxation, among other things.