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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Note 3 - RELATED PARTY TRANSACTIONS

At September 30, 2014, we owed $165,000 to GreenEra, Ltd., a company in which our former Chief Executive Officer and Director, Mr. Panagiotis Drakopoulos is a shareholder.

 

At September 30, 2014, our former Chief Executive Officer and Director, Mr. Panagiotis Drakopoulos, is owed $102,500 in unpaid salary.

 

Additionally, we owe $76,592 to Mr. Mavrogiannis, our former Chief Financial Officer in unpaid salary.

 

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.