RISKS AND UNCERTAINTIES

12 Months Ended

Dec. 31, 2011

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

NOTE 4 - RISKS AND UNCERTAINTIES

In addition to the risk factors set forth in Part 1, Item 1B herein of the Company’s Annual Report, the following risk factor relating to the Company’s subsidiary should be carefully considered:

The Company’s subsidiary operated in the Republic of Moldova.

The Company’s wholly owned subsidiary, Intercomsoft, formerly operated in the Republic of Moldova, a former member of the Soviet Union with a historically uncertain economic and political climate. This may have a material adverse impact on the Company and Intercomsoft’s ability to collect on any judgment that may result from certain legal actions the Company has brought against the Government of the Republic of Moldova.