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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2011
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 3 - RELATED PARTY TRANSACTIONS

 

Management Compensation – The Company did not pay any compensation to its officers and directors during the years ended December 31, 2011 and 2010.

 

Office Space - The Company has not had to rent office space.  Our transfer agent, Action Stock Transfer, is allowing the Company to use its address as the Company’s mailing address, as needed, at no cost to the Company.

 

Advances Payable – The Company received advances of $12,620 in 2011 and $8,045 in 2010.  A total of $79,066 and $66,446 was owed at December 31, 2011 and 2010 by the Company for advances.  These funds are due and payable upon demand and have a stated interest rate of 6%.  Accrued interest to date was $16,775 and $12,418 at December 31, 2011 and 2010.