2 - GOING CONCERN
Company's financial statements have been presented on the basis that it is a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. At September 30, 2012, the Company had a retained
deficit of $3,235,468 and current liabilities in excess of current assets by $462,559. During the year ended September 30, 2012,
the Company incurred a net loss of $623,079 and negative cash flows from operations of $405,711. These factors create an uncertainty
about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might
be necessary if the Company is unable to continue as a going concern.
Company's continuation as a going concern is dependent upon its ability to increase revenues, decrease or contain costs, and achieve
profitable operations. In this regard, our ability to continue as a going concern has caused the Board of Directors to continue
investigating merger and acquisition opportunities. We will look to further diversify our holdings and sources of cash
flow. Should the Company's financial resources prove inadequate to meet the Company's needs before additional revenue sources
can be realized, the Company may raise additional funds through loans or through sales of common or preferred stock. There is
no assurance that the Company will be successful in achieving profitable operations or in raising any additional capital.