NATURE OF OPERATIONS AND BASIS OF PRESENTATION | NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION CME Realty, Inc. was formed in the state of Nevada on August 10, 2012 and its year-end is February 28. We are a development stage company with a principle business of real estate services for the residential market. We plan to hire a team of professionals that will individually specialize in each of our services. The services we initially plan to offer include listing and sales of residential properties, short sales and foreclosures. Our goal is to become a partner with our clients in the decision making process. We plan to provide all our professionals with the latest market knowledge utilizing demographic and mapping technology and micro and macro real estate statistics. The Company's initial plan of operations was to engage in providing real estate services for the Las Vegas residential market. The Company was unable to implement this plan of operations for a number of reasons, including without limitation, the inability to raise sufficient capital. In light of the foregoing, on February 13, 2015, Carlos Espinosa, the principal shareholder and sole director and executive officer of CME, sold 50,000,000 shares of the Company's common stock held by him (the "CME Shares") to Kenneth McLeod for $252,000. The CME Shares represented 74.13% of the Company's issued and outstanding common stock. Contemporaneously therewith, Mr. Espinosa resigned as an officer of the Company and appointed Mr. McLeod as a director, President and Secretary-Treasurer of the Company. Subsequently, Mr. Espinosa resigned as a director of CME. As a result of the foregoing, a "Change in Control" of CME was deemed to have taken place. On March 17, 2015, we implemented a five-for-one split of our common stock in the form of a stock dividend to shareholders or record at the close of business on March 9. 2015. In connection therewith, shareholders as of such date received four additional shares of CME common stock for each share held by them as of the record date. Unless otherwise indicated, all share numbers and per share numbers in this report have been retroactively adjusted to give effect to the March 2015 stock split. On April 22, 2015, CME Realty, Inc. issued a press release regarding the Company having entered into a letter of intent to acquire all the capital stock of Rock N' Roll Imports, Inc., a California based alcoholic beverage development, marketing, and distribution company, in exchange for 50,000,000 shares of the Company's common stock. At May 31, 2015, the agreement has not been executed. Consummation of the RNR Acquisition is subject to various terms and conditions, including the drafting, negotiation and signing of definitive documentation and completion of satisfactory due diligence among other matters. If the Company is able to successfully complete the RNR Acquisition, RNR will become a wholly-owned subsidiary of the Company and the Company's ongoing business efforts will be focused on developing and expanding RNR's business. Moreover, the Company intends to explore additional opportunities in the alcoholic beverage market and accordingly, on July 14, 2015 announced that it was taking the necessary steps to change its name to "South Beach Spirits, Inc." |