RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

NOTE E- RELATED PARTY TRANSACTIONS

For the nine months ended September 30, 2011, the Company incurred consulting expenses to its chief executive officer of $228,750, of which $72,500 has been paid during the nine months ended September 30, 2011. As of September 30, 2011,  $156,250 was owed to the chief executive officer and has been included in accounts payable and accrued expenses.

For the nine months ended September 30, 2011, the Company incurred salary expenses to its chief operating officer of $228,750, of which $25,500 has been paid during the nine months ended September 30, 2011. As of September 30, 2011, $203,250 is owed to the chief operating officer and has been included in accounts payable and accrued expenses.