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Note M - Subsequent Events
12 Months Ended
Dec. 31, 2012
Notes  
Note M - Subsequent Events

NOTE M – SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events through the time of filing these financial statements with the Securities and Exchange Commission.  Subsequent to year-end, the Company entered into discussions with certain creditors pursuant to which the Company anticipates exchanging between $900,000 and $1.0 million of liabilities for preferred stock.  The Company is in the process of finalizing the details and preparing the required documents to effect the exchange and anticipates that the exchange will be completed by May 31, 2013.