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SUBSEQUENT EVENTS
3 Months Ended
Oct. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 7 – SUBSEQUENT EVENTS

 

On the 10th of September 2012 we signed a non-binding Memorandum of Understanding (MOU) with a) Business Leasing & Management Corp, based in Cherry Hill, NJ, and b) Mainline Land Corp, LLC, based in Spring Valley, NY. Following the MOU, on September 25th, 2012 we entered into a Share Contribution Agreement with certain shareholders of Mainline Land Co. LLC under which the Company would issue stock in order to acquire the shares of certain shareholders of Mainline Land Co. LLC (which shares represent 100% of Mainline Land Co., LLC). Upon the closing, Mainline Land Co. LLC would become a wholly owned subsidiary of Prime Estates. On November 23rd, 2012 we canceled this agreement with the shareholders of Mainline Land Co LLC.

 

We have evaluated subsequent events through the date of issuance of the financial statements.