3 Advances from Related Party

12 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

3 Related Party

Note 3 — Advances from Related Party

As of June 30, 2012, the Company currently has related party advances of $47,015 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 $10,444 in interest to IACE since emerging from bankruptcy.