Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v2.4.1.9
Related Party Transactions
3 Months Ended
Mar. 31, 2015
Related Party Transactions  
Related Party Transactions

NOTE 5 - RELATED PARTY TRANSACTIONS

 

On February 23, 2015, the Company acquired Franklin Networks, Inc. from Mark McGarrity and another minority shareholder. Subsequently, on March 2, 2015, Mr. McGarrity was hired as Chief Information Officer of the Company.

 

As of March 31, 2015 all activities of the Company’s wholly owned subsidiary Franklin Networks Inc. are conducted on a rent free basis from shared business offices of an officer of the Company located at 101 Creekstone Blvd, Suite 103, Franklin, TN 37064. Currently, there are no outstanding debts owed by the Company for the use of these facilities.