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Post# of 74540
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JPS02

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JPS02

Re: stervc post# 39441

Thursday, 01/23/2014 7:21:50 PM

Thursday, January 23, 2014 7:21:50 PM

Post# of 74540
Note M - Income Taxes

For the year ended August 31, 2013 the company has cumulative Federal NOL carry forwards available of $9,723,673 to be used against current and future taxable income.

The net operating loss will be carried forward until 2026.

Statutory federal income tax rate: 34%

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9663441

Go GLER!

Buy cautiously and sell reluctantly.

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