NOTE 6 - SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred subsequent to September 30, 2015 up to the date these unaudited consolidated interim financial statements were issued and has determined that there are no material subsequent events or transactions which would require recognition or disclosure in the unaudited consolidated interim financial statements, other than as noted below.

Anticipated Change in Control of the Company

Boris Birshtein serves as the Company’s Chairman of the Board and its Chief Executive Officer and Jack Braverman serves as the Company’s Chief Financial Officer and is a member of its Board of Directors. Messer’s Birshtein and Braverman are the Company’s sole directors. Messrs. Birshtein and Braverman each hold a fifty percent (50%) ownership interest in Royal HTM Group, Inc. (“Royal HTM Group”), the Company’s majority shareholder which owns 69,275,000 million shares of the Company’s common stock, representing approximately sixty nine percent (69%) of the issued and outstanding shares of the Company’s common stock, and Mr. Birshtein owns 8,647,000 shares of the Company’s common stock.

Royal HTM Group has advised the Company that it has negotiated substantially all of the terms of a Stock Purchase Agreement (“SPA”) with an independent party, which, if and when consummated, will result in the sale of all of the shares of the Company’s common stock owned by Royal HTM Group and Mr. Birshtein to such party. If and when such transaction is consummated, the party will acquire approximately 77.5% of the total issued and outstanding shares of the Company’s common stock, and a change in control will occur with respect to the Company’s capital stock ownership. The Company will not be a party to the SPA.

There can be no assurances whether or when the SPA will be completed or if or when the transaction contemplated by the SPA will be consummated

The Company will file the appropriate reports with the Securities and Exchange Commission if and when such transaction is effectuated.