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Note 7. Subsequent Events

On March 13, 2012 (the “recapitalization date”), èßäÊÓƵ Group, Inc. acquired èßäÊÓƵ University Inc., an operating company, in a reverse merger transaction accounted for as a recapitalization of èßäÊÓƵ University Inc. (the “Recapitalization” or the “Reverse Merger”). The common and preferred stockholders of èßäÊÓƵ University Inc. received 25,515,204 common shares of èßäÊÓƵ Group, Inc. in exchange for 100% of the capital stock of èßäÊÓƵ University Inc. For accounting purposes, èßäÊÓƵ University Inc. is the acquirer and èßäÊÓƵ Group, Inc. is the acquired company. Accordingly, after completion of the recapitalization, the historical operations of the Company are those of èßäÊÓƵ University Inc. and the operations since the recapitalization date are those of èßäÊÓƵ University Inc. and èßäÊÓƵ 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).