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Restatement

9 Months Ended

Sep. 30, 2012

NOTE 6 – Restatement

The Company has restated its financial statements for the quarterly period ended September 30, 2011. The significant changes made are further described and summarized below.

During April 2011 the Company issued an aggregate of 20,000,000 shares of restricted common stock as compensation to 5 employees pursuant to the company's 2011 Equity Incentive Plan and recorded an expense of $400,000. However, only an aggregate of 4,850,000 shares of the total shares, valued at $97,000, had vested as of September 30, 2011, resulting in an overstatement of non-cash expenses of $303,000. Thus our net loss reported was also overstated by $303,000.

The following tables highlight the significant areas of change:

	Three Months Ended September 30, 2011
	As Previously
	Reported			Restated
	September			September
	30, 2011			30, 2011			Change

Total Assets	$	1,085,338		$	1,085,338		$	0
Total Liabilities	$	92,986		$	92,986		$	0
Stockholders' Equity	$	992,352		$	992,352		$	0
Net Income (Loss)	$	(36,789	)	$	(36,789	)	$	0
Income (Loss) available to common stockholders	$	(36,789	)	$	(36,789	)	$	0
Basic Loss per share	$	0		$	0		$	0

	Nine Months Ended September 30, 2011
	As Previously
	Reported			Restated
	September 30, 2011			September 30, 2011			Change

Total Assets	$	1,085,338		$	1,085,338		$	0
Total Liabilities	$	92,986		$	92,986		$	0
Stockholders' Equity	$	992,352		$	992,352		$	0
Net Income (Loss)	$	(964,271	)	$	(661,271	)	$	303,000
Income (Loss) available to common stockholders	$	(964,271	)	$	(661,271	)	$	303,000
Basic Loss per share	$	0		$	0		$	0