PURCHASE DEPOSIT - Note 7

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

PURCHASE DEPOSIT - Note 7

NOTE 7 - PURCHASE DEPOSIT

As of September 30, 2012 and December 31, 2011, the Company's purchase deposit consisted of the following:

	September 30,		December 31,
	2012		2011
	(Unaudited)
Shenzhen Wuxing Commercial & Trade Co.	$	5,436,592	$	7,135,266
Shenzhen Nanxin Communication Equipment Co., Ltd.		791,264		785,583
Shenzhen Futian District Longchengfa Electronic Co., Ltd.		633,012		628,466
Total purchase deposit	$	6,860,868	$	8,549,315

These three suppliers provide purchasing platforms. The purchase deposits are paid to ensure the Company is able to purchase components at competitive price. If the company ceases to conduct business with three suppliers, the deposits are refundable.