Medijane Holdings Inc (MJMD)

Description:

Mokita, Inc. is a Nevada corporation formed on April 21st, 2009, as Mokita Exploration, Inc. The Company originally intended to develop its business as a mineral exploration company. Both Northern Alberta and Northern Saskatchewan are recognized for rich deposits of minerals and hydro-carbons. Fort McMurray Alberta is home to the world famous Oil Sands. Coal is also plentiful in both Saskatchewan and Alberta. The Proterozoic Athabasca basin in North Western Saskatchewan hosts the richest uranium deposit in the world. There has also been substantial uranium exploration in North Eastern Alberta from the Saskatchewan border west to Wood Buffalo National Park. Diamond exploration and development has also been very active in recent years with the development of such ambitious projects as the Shore Gold Diamond project northeast of Prince Albert in North Central Saskatchewan. Extensive exploration has been ongoing in both provinces for many other minerals and precious metals for many years. By mid-2009, they found an inordinate number of exploration and junior mining companies were trying to sell their holdings to firms. The mining firms advised them that the supply of potentially profitable mining properties far exceeded the demand. This turn of events caused them to re-evaluate their position. It is building a business as a provider of credit card payment services to individuals who want to pay tuition and course fees to colleges, schools and universities, as well as property taxes and utility payments to municipalities and utility companies that do not accept credit card payments. In Canada, many of these types of service providers do not accept credit cards for payment because they are not allowed to pass merchant fees along to customers as an added cost and they are unwilling to pay the cost of the merchant fees themselves. The university in Alberta, the University of Alberta in Edmonton, has approximately 35,000 students and they do not accept credit cards for payment. They have not investigated whether other universities and colleges in Alberta accept credit cards for payment of tuition fees. Initially, the company will only be offering its services to University of Alberta students. Their research has identified one other company that supplies credit card payment services for University of Alberta tuition payments. The name of that firm is Pay4U. The business is operated by a student from the University of Alberta. They also offer their services to University of Calgary students and students from a number of other universities across Canada. Tuition fee payment services appear to be the only service they offer. They intend to market their services through direct print advertising in campus news papers, such as the Gateway, which is published bi-weekly at the University of Alberta. They also intend to use social networking such as Facebook and Twitter. It will provide website service for individuals to use credit cards to pay tuition, course fees, taxes and utility bills. They intend to begin with developing the tuition and course fee part of the business first and then to move into utility fees and taxes. Some of the utility companies in western Canada already have agreements with companies providing the services they are in the process of developing and it believe the market involving universities and colleges would be a better market to pursue initially. This is not a market sector without competition. There are other businesses that provide this service and have ongoing relations with both the businesses they deal with and a base of existing customers.