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GOING CONCERN
12 Months Ended
Dec. 31, 2012
Going Concern [Abstract]  
Going Concern [Text Block]

NOTE 2 - GOING CONCERN

 

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate our continuation as a going concern. However, the Company does not have any current operations that generate revenue and did not generate any revenue in year 2012 or in 2011, nor has it generated any revenue since April 2006. Further, as shown on the accompanying balance sheet, the Company has a shareholder’s deficiency of $7,012,000. These circumstances, among others, raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.