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Accounts Payable and accrued payables increased to $98,260

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thecrusher2011   Sunday, 09/11/11 11:59:52 PM
Re: thecrusher2011 post# 9
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Accounts Payable and accrued payables increased to $98,260 from $16,358 at August 31, 2010, due to an increase in liabilities related to our corporate operations for our public reporting requirements as compared to August 31, 2010 when the Company was a private company and an increase in loans payable from nil (August 31, 2010) to $20,114 for the nine month period ended May 31, 2011 which again relates to the operations of the reporting issuer.


Due to the operations of our operating subsidiary, Fresh Traffic Group Corp. we have current working capital deficit of $17,006 as compared to a deficit of $45,575 as at August 31, 2010. Sales have increased and Fresh Traffic is continuing to sign new customers in addition to maintaining its existing client business.


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