NOTE 15 - SUBSEQUENT EVENTS
Subsequent events have been evaluated through the date and time this quarterly report on Form 10-Q was filed:
Effective October 1, 2012, FAB Universal Corp affected the spin-off of FHA, a wholly owned subsidiary of FAB Universal, and its subsidiary, Interim Healthcare of Wyoming, Inc. Each shareholder of FAB Universal received one share of common stock of FHA for each share of FU held as of the record date of September 5, 2012. FHA is traded on the OTCBB under the ticker symbol “FUTU”
On October 12, 2012, FAB opened a 20,000 square foot Flagship superstore in the Beijing shopping district of SoShow. The SoShow store will offer many new electronic digital products and mobile storage devices while serving as a center for the 5C download supermarket of traditional copyright protected audio-visual products.