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Development Stage Enterprises
 12 Months Ended
Feb. 29, 2012
Development Stage Enterprises:  
Development Stage Enterprise General Disclosures

Note 8 – License Agreement with CGL Holdings, LLC

 

On August 1, 2010, the Company and CGL Holding, LLC mutually agreed to not extend the License Agreement that expired on July 28, 2010.  The parties originally anticipated that the Prototype Unit purchased on July 28, 2008, would be readily and cheaply converted into larger units for sale.  The parties have agreed that any development of the Mobile Unit shall remain exclusively with the Company and shall not require any Royalty payments.  In the event that the Company elects to fabricate the original Prototype Unit as a product, then the Company would be required to obtain a new license agreement.  The Company has no intent of fabricating Prototype Units for sale.  Instead, the Company will focus on developing a Mobile Unit.