Quarterly report pursuant to Section 13 or 15(d)

GOING CONCERN

 v2.3.0.11
GOING CONCERN
6 Months Ended
Jun. 30, 2011
GOING CONCERN
NOTE 3 – GOING CONCERN

As shown in the accompanying financial statements, the Company incurred a loss from continuing operations of $28,296 during the six months ended June 30, 2011 and has an accumulated deficit of $5,033,599 at June 30, 2011.  Management in October 2008 dissolved the saw mill operations in Australia which was in receivership, spun out the bankrupt subsidiary and is currently looking for a merger candidate for the public shell. Our short term liquidity needs are principally related to our operating expenses. It is expected that this will get funded by our principal stockholder or other investors.  The accompanying financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments as a result of this uncertainty.