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GOING CONCERN UNCERTAINTY
6 Months Ended
Jun. 30, 2011
GOING CONCERN UNCERTAINTY

2. GOING CONCERN UNCERTAINTY

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has incurred a net loss of $48,323 for the six month period ended June 30, 2011 [2010 - $157,350] and at June 30, 2011 had a deficit accumulated of $16,404,596 [2010 - $16,356,273]. The Company has generated revenue, however we have a substantial accumulated deficit and negative working capital of $283,201 as at June 30, 2011 [2010 - $438,691]. Although our Company does not have sufficient funds to acquire new business assets, the increase in revenues is sufficient to maintain its existing operations at this time. If the Company decides to acquire new business assets, Management’s plan in this regard would be to raise equity and/or debt financing when required but there is no certainty that such financing will be available or that it will be available at acceptable terms. The outcome of these matters cannot be predicted at this time.

These financial statements do not include any adjustments to reflect the future effects on the recoverability and classification of assets or the amounts and classification of liabilities that might result from the outcome of this uncertainty.