¿ìè¶ÌÊÓƵ

Note 7. Subsequent Events

On March 13, 2012 (the “recapitalization date”), ¿ìè¶ÌÊÓƵ acquired ¿ìè¶ÌÊÓƵ University Inc., an operating company, in a reverse merger transaction accounted for as a recapitalization of ¿ìè¶ÌÊÓƵ University Inc. (the “Recapitalization” or the “Reverse Merger”). The common and preferred stockholders of ¿ìè¶ÌÊÓƵ University Inc. received 25,515,204 common shares of ¿ìè¶ÌÊÓƵ in exchange for 100% of the capital stock of ¿ìè¶ÌÊÓƵ University Inc. For accounting purposes, ¿ìè¶ÌÊÓƵ University Inc. is the acquirer and ¿ìè¶ÌÊÓƵ Group, Inc. is the acquired company. Accordingly, after completion of the recapitalization, the historical operations of the Company are those of ¿ìè¶ÌÊÓƵ University Inc. and the operations since the recapitalization date are those of ¿ìè¶ÌÊÓƵ University Inc. and ¿ìè¶ÌÊÓƵ Group, Inc. The assets and liabilities of both companies are combined at historical cost on the recapitalization date.

On April 26, 2012 and April 30, 2012, convertible notes payable aggregating $20,000 were converted into 20,000 common shares of the Company (See Note 3).