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17. Subsequent events
12 Months Ended
Dec. 31, 2012
Subsequent Events [Text Block]

17.       Subsequent events


Application to stock exchange


The Company is in the process of applying to the New York Stock Exchange (“NYSE”) which would allow the Company to be listed on the NYSE-Amex exchange. The Company believes being listed on the NYSE will allow it to attract the capital needed to support its operations.


Clinic expansion


The Company is seeking to significantly increase its capacity at its in-patient treatment facility from 36 beds to 200 beds over the next twenty four months.


Amendments to Articles of Incorporation


The Company resolved that, subject to shareholder approval, the Company’s officers shall file a Certificate of Amendment to the Company’s Articles of Incorporation with the Colorado Secretary of State, increasing the aggregate number of shares it is allowed to issue to five hundred million (500,000,000) common shares with a $0.01 par value, from one hundred million (100,000,000) common shares with a $0.01 par value.


The Company also resolved, subject to shareholder approval, the Company’s officers shall file a Certificate of Amendment to the Company’s Articles of Incorporation with the Colorado Secretary of State to authorize the Company’s issuance of up to 10,000,000 preferred shares, convertible to common shares at a 1 to 10 ratio at the board’s discretion.


Awarded Ontario Police Force contract


The Company was awarded an exclusive contract to provide treatment services for a major regional Ontario Police Force with regards to post traumatic stress disorder. The Company plans to open a second facility in order to service this contact.


Surgical Suite  


The Company has decided to move forward with a multi-year lease extension at its North York facility which will allow the company to make the investment to expand into providing surgical procedures such as gastric banding and non-related procedures such as plastic surgery.