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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Note 3 - RELATED PARTY TRANSACTIONS

At March 31, 2014, we owed $165,000 to GreenEra, Ltd., a company in which our Chief Executive Officer and Director, Mr. Panagiotis Drakopoulos is a shareholders (see Note 6).

 

At March 31, 2014, our Chairman and Principal Executive Officer, Mr. Panagiotis Drakopoulos, is owed $102,500 in unpaid salaries.

 

Additionally, we owe $76,592 to Mr. Mavrogiannis, our Chief Financial Officer.

 

We believe that all related party transactions were on terms at least as favorable as we would have secured in arm’s-length transactions with third parties. Except as set forth above, we have not entered into any material transactions with any director, executive officer, and promoter, beneficial owner of five percent or more of our common stock, or family members of such persons.