PREFERRED STOCK	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
NOTE 9 - PREFERRED STOCK	The Company is authorized to issue 10,000,000 shares of preferred stock, of which 2,500,000 shares are designated as series A convertible redeemable preferred stock with a par value of $0.001. As of March 31, 2012 and December 31, 2011, there were 2,043,120 and -0- shares of series A convertible redeemable preferred stock issued and outstanding, respectively. The shares have the following provisions: Dividends Series A convertible redeemable shares have no dividend rights. Liquidation Preferences In the event of liquidation, following the sale or disposition of all or substantially all of the Company’s assets, the holders of the Series A Convertible Redeemable Preferred Stock shall be entitled to receive, an amount equal to the per share price of the stock ($0.0025 per share) plus all declared and unpaid dividends. Voting Rights Series A convertible redeemable shares have no voting rights. Conversion Each share of series A convertible redeemable preferred stock is convertible, at the option of the holder, at any time after January 1, 2012 but before January 2, 2017,and upon payment of $0.40 per share, into two fully paid and nonassessable shares of the Company’s common. Redemption At any time after January 2, 2017, the Company may redeem, at the discretion of the Board of Directors, any or all of the series A convertible redeemable preferred stock for the per share price of the stock ($0.0025 per share). Preferred Stock Activity for the Three Month Period Ended March 31, 2012 On January 2, 2012, the Company issued 2,043,120 Series A Convertible Redeemable Preferred Stock at purchase price of $0.0025 per share for $5,108.

PREFERRED STOCK

3 Months Ended

Mar. 31, 2012

The Company is authorized to issue 10,000,000 shares of preferred stock, of which 2,500,000 shares are designated as series A convertible redeemable preferred stock with a par value of $0.001. As of March 31, 2012 and December 31, 2011, there were 2,043,120 and -0- shares of series A convertible redeemable preferred stock issued and outstanding, respectively. The shares have the following provisions:

Dividends

Series A convertible redeemable shares have no dividend rights.

Liquidation Preferences

In the event of liquidation, following the sale or disposition of all or substantially all of the Company’s assets, the holders of the Series A Convertible Redeemable Preferred Stock shall be entitled to receive, an amount equal to the per share price of the stock ($0.0025 per share) plus all declared and unpaid dividends.

Voting Rights

Series A convertible redeemable shares have no voting rights.

Conversion

Each share of series A convertible redeemable preferred stock is convertible, at the option of the holder, at any time after January 1, 2012 but before January 2, 2017,and upon payment of $0.40 per share, into two fully paid and nonassessable shares of the Company’s common.

Redemption

At any time after January 2, 2017, the Company may redeem, at the discretion of the Board of Directors, any or all of the series A convertible redeemable preferred stock for the per share price of the stock ($0.0025 per share).

Preferred Stock Activity for the Three Month Period Ended March 31, 2012

On January 2, 2012, the Company issued 2,043,120 Series A Convertible Redeemable Preferred Stock at purchase price of $0.0025 per share for $5,108.