Organization, Nature of Business and Trade Name
Windaus Global Energy, Inc. (the Company) was organized on May 28, 2008 under the Business Companies Act of 2004 of the British Virgin Islands under the name Solarte Hotel Corporation. During the six months ended December 31, 2012 and 2011, the Company offered incorporation services in Panama and other offshore jurisdictions. The Company did not realize significant revenues from its planned principal business purpose and is considered to be in its development state in accordance with Accounting Standards Codification (ASC) 915, Development Stage Entities. The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. The Company had contracted to purchase real estate in Panama on which it intended to develop a hotel. This business was abandoned and is accounted for as discontinued operations. In December 2011, the Company changed its name from Solarte Hotel Corporation to Bluestar Entertainment Technologies, Inc. In December 2012, the Company acquired certain wind energy generation technology from a related party. Due to this acquisition, the Company will now shift to the wind energy generation business. In February 2013, the Company filed Articles of Continuance with the Wyoming Secretary of State to redomicile in Wyoming under the name Windaus Global Energy, Inc.