Rorine International Holding Corp. (fka RIHC)

[iPickle]

Anyone look at the 10K? (link)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7088422



We have not generated any revenues to date. We have constructed one Utility Unit as per our Fanta Marketing Agreement with Fanta for a purchase price of $ 420,000 against which we will allow a $ 360,000 credit for the marketing services to be performed by the distributor. The Utility Unit is completed and currently awaiting independent testing. The Utility Unit will be used for demonstration purposes for prospective buyers and joint venture partners.

Fanta is obligated to fulfill its performance quota for year 1 and has further obligations to purchase an additional three QES Systems in year 2 as per the Fanta Agreement.

Expenses

Our expenses for the fiscal year ended November 30, 2009 and 2008 are as follows:

November 30
2009 2008

Stock Compensation Expense $ 2,838,000 $ -
Excess cost to settle debt obligation 1,440,000 -
Consultation Fees 516,900 -
Finders Fee 150,000 -
Professional Fees 84,212 10,397
Investor Relations Expense 50,000 -
Testing expense 47,000
Travel & Entertainment 23,805 -
Bad Debt Expense 7,756 -
Office Expense 4,338 132
Transfer Agent Fees 3,568 -
Website 3,400 -

$ 5,168,979 $ 10,529
Operating Expenses