6. Subsequent Events

The Company has evaluated subsequent events through the filing date of this quarterly report on form 10-Q for the period ended March 31, and has disclosed such items in this note as follows.

On December 9, 2011, the Company entered into a Stock Purchase and Share Exchange Agreement (the "Agreement") to acquire Avontrust Global Pte. Ltd. ("AVT"), a Singapore company with its head office and operations in Singapore. On July 2, 2012, prior to the closing of the agreement, the Company and AVT determined that the Agreement was no longer in the best interests of their respective shareholders and therefore entered into a Mutual Termination Agreement as report on Form 8-K filed July 10, 2012.