| NOTE 5 - SUBSEQUENT EVENTS | 5. SUBSEQUENT EVENTS In accordance with ASC Topic 855, Subsequent
Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet
date but before financial statements are issued, we have evaluated significant events and transactions that occurred after September
30, 2015 through the date of the condensed consolidated financial statements were issued and filed with this Form 10-Q. During
the period, the Company had material recognizable subsequent events described below: Effective October 27, 2015 Jason Chang,
aged 44, was appointed as a new member of our board of directors. Jason Chang began his career in Silicon
Valley and has been in the technology, product management, sales and marketing sector for over 20 years. He has co-founded, incubated
and personally invested into start-ups and led the transformation from hyper growth to exit. Jason is now the Regional Head for National
Sales in Groupon Asia, a NASDAQ listed company, where he oversees the sales, partnerships and business development for strategic
accounts for Groupon. He has been with Groupon Asia for over 3 years and is directly responsible in achieving double digit year
on year revenue growth since he took over this vertical. He was voted as the top performer and top manager, 2 years in a row at
Groupon Asia. He has also grown and led sales and marketing teams in Singapore, Malaysia, Indonesia, Taiwan and Hong Kong. Before Groupon, Jason was in senior management
roles in marketing, product management and operations for several start-ups in the advertising, media and online publishing space
in Asia. Before coming back to Asia in 2001, Jason worked with several Silicon Valley companies, most notable of which was Cybersource,
where he was an early employee and involved in engineering and technical roles. Cybersource went IPO and was later acquired by
VISA. Jason was a pre-medical student in University
of California, Berkeley, where he graduated with a Bachelors degree in Biology. Effective October 30, 2015 Ross O'Brien,
aged 44, was appointed as a new member of our board of directors. Ross O'Brien is an analyst, writer, presenter,
and consultant focused on the economies and business environments of the Asia-Pacific, with over 25 years of experience in the
region. His analysis surrounds Asias Innovation Economythe intersection of information technology and the regions
broader society and economy. For nine years he was Director of the Economist Corporate Network, a membership-based business advisory
programme for senior executives of multinationals in Asia. Based in Hong Kong for over 17 years, Ross
has an AB in Asian Studies and Anthropology from Dartmouth College (1989), and an MBA from the University of California at Berkeleys
Haas School (1996). He is conversant and literate in Mandarin and Indonesian. Currently, and beginning in 2003, Ross was
Managing Director of the Hong Kong operations of Intercedent Asia, a region-wide partnership of B2B market consultants, which provides
research-based market entry and positioning advice in several verticals across Asia. Ross' practice focuses on market entry strategies
for telecoms and IT companies, in managed services and wireless solutions. His client work involved extensive research work in
over a dozen economies in Asia, including extended field research in China, Indonesia, Vietnam and Bangladesh. Ross was also for many years an analyst and
Asian research director for Pyramid Research (once a subsidiary of the Economist Intelligence Unit, now a division of Progressive
Digital Media) a telecoms advisory firm providing forecasts and analysis on infrastructure and services markets in emerging markets.
Ross worked for Pyramid in the US, Singapore and Hong Kong. Ross has also served as a Research Director
of Advisory Services for Strategic Intelligence, a venture-funded economic analysis firm with an emphasis on Internet-based delivery
of analysis and forecasts on new economy industries and markets in Asia. From 1996 to 1998, he was a consultant in
AT&T Solutions' operational process improvement practice, serving financial services and telecoms clients in China and Indonesia,
including a yearlong project overseeing customer care service process improvement for PT Telkom, based in Bandung. |
