3 Related Party

9 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

3 Related Party

Note 3 —Related Party

As March 31, 2013, the Company currently has related party advances of $ 47,105 due to a major shareholder, for operating expenses paid on the Company’s behalf. The related party advances bear an interest rate of 8%, is unsecured and is payable upon demand.  We have accrued $13,264 in interest to IACE since emerging from bankruptcy.

During the nine months ended March 31, 2013, a shareholder has paid expenses of $18,396 on behalf of the Company which has been recorded as contributed capital.