Note 7 - Related Party Transactions

6 Months Ended

Jun. 30, 2011

Related Party Transactions Disclosure [Text Block]

NOTE－7                   RELATED PARTY TRANSACTIONS

(a) Accounts receivable and sales – related company

For the six months ended June 30, 2011 and 2010, the Company earned sales revenue of $7,710 and $7,720 from Dbtronix (Far East) Ltd., which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.

As of June 30, 2011, accounts receivable from a related party amounted to $3,854.

(b) IT service cost paid to a related company

For the six months ended June 30, 2011 and 2010, the Company paid IT service costs of $16,960 and $16,985, respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.

(c) Rent charge paid to a related company

For the six months ended June 30, 2011 and 2010, the Company paid rent charges of $46,255 and $46,322 respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.