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The limited extent of our assets and revenues and our limited operating history make us subject to the risks associated with start-up companies, including potentially negative cash flows.

The report of our independent auditors for the fiscal year ended May 31, 2016 states that there is substantial doubt that we will be able to continue as a going concern.

☒ Yes No ☐Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Fue establecida el 25 de julio de 1963 en el marco de...We also develop and license portal software products and provide custom software programming services to customers who license our products.Our portal software products are designed to enable our customers to operate their own online social networking portal without requiring any technical programming or website design skills.We incorporated on June 22, 2004 as Portlogic Systems Inc. On June 5, 2008, the Company filed a Form S-1 Registration Statement under the United States Securities Act of 1933. The address of our principal executive office is 2 Toronto Street, Suite 209, Toronto, Ontario, Canada M5C 2B5. Our website address is We have not been profitable since our inception.We have no significant assets or financial resources.

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