¹û¶³APP´«Ã½

Note 7. Subsequent Events

On March 13, 2012 (the “recapitalization date”), ¹û¶³APP´«Ã½ Group, Inc. acquired ¹û¶³APP´«Ã½ University Inc., an operating company, in a reverse merger transaction accounted for as a recapitalization of ¹û¶³APP´«Ã½ University Inc. (the “Recapitalization” or the “Reverse Merger”). The common and preferred stockholders of ¹û¶³APP´«Ã½ University Inc. received 25,515,204 common shares of ¹û¶³APP´«Ã½ Group, Inc. in exchange for 100% of the capital stock of ¹û¶³APP´«Ã½ University Inc. For accounting purposes, ¹û¶³APP´«Ã½ University Inc. is the acquirer and ¹û¶³APP´«Ã½ Group, Inc. is the acquired company. Accordingly, after completion of the recapitalization, the historical operations of the Company are those of ¹û¶³APP´«Ã½ University Inc. and the operations since the recapitalization date are those of ¹û¶³APP´«Ã½ University Inc. and ¹û¶³APP´«Ã½ Group, Inc. The assets and liabilities of both companies are combined at historical cost on the recapitalization date.

On April 26, 2012 and April 30, 2012, convertible notes payable aggregating $20,000 were converted into 20,000 common shares of the Company (See Note 3).