-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ha8xNCCD5Ktd3/gZegpDkmTM1x88WN2PPtfmHQiTD3S0OPtzN+an5FyAtTw6LtiJ
 e3FufOXJxgjPo15/aA5Pnw==

<SEC-DOCUMENT>0001263279-09-000074.txt : 20090515
<SEC-HEADER>0001263279-09-000074.hdr.sgml : 20090515
<ACCEPTANCE-DATETIME>20090515161351
ACCESSION NUMBER:		0001263279-09-000074
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090331
FILED AS OF DATE:		20090515
DATE AS OF CHANGE:		20090515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALL AMERICAN SPORTPARK INC
		CENTRAL INDEX KEY:			0000930245
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS RETAIL [5900]
		IRS NUMBER:				880203976
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24970
		FILM NUMBER:		09833193

	BUSINESS ADDRESS:	
		STREET 1:		6730 LAS VEGAS BOULEVARD
		STREET 2:		STE 4
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7027987777

	MAIL ADDRESS:	
		STREET 1:		5325 S VALLEY VIEW BLVD STE 4
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAINT ANDREWS GOLF CORP
		DATE OF NAME CHANGE:	19940916
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>aasp3-310910q.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>aasp3-310910q.htm - Generated by Clanahan, Beck & Bean, PC for SEC Fiiling</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
 <!--$$/page=-->
<A name="page_1"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>U.S. SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Washington, D.C. 20549</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>FORM 10-Q</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SECURITIES EXCHANGE ACT OF 1934</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>For the quarterly period ended March 31, 2009</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Commission File Number: 0-24970</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC.</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-----------------------------------------------------------------</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Exact name of registrant as specified in its charter)</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="47%"></TD>
     <TD width="3%"></TD>
     <TD width="49%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Nevada</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>88-0203976</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-------------------------------</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>--------------------------------</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=center rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(State of other jurisdiction of</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>incorporation or organization)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(IRS Employer Identification No. )</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>6730 South Las Vegas Boulevard, Las Vegas, Nevada 89119</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------------------------------------------------------</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Address of principal executive offices including zip code)</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(702) 798-7777</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>---------------------------</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Registrant's telephone number)</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non -accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="47%"></TD>
     <TD width="6%"></TD>
     <TD width="45%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Large accelerated filer [ ]</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Accelerated filer [ ]</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=left rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Non-accelerated filer (Do not check</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>If a smaller reporting company) [</FONT>&nbsp;]</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Smaller reporting company [X]</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [ ] Yes [X] No</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>As of March 31, 2009 3,570,000 shares of common stock were outstanding.</FONT></P>
<P align=center>1</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_2"></A>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="11%"></TD>
     <TD width="79%"></TD>
     <TD width="9%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>FORM 10-Q</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>INDEX</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Page</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;Number</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>PART I:</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>FINANCIAL INFORMATION</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 1.</FONT>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Condensed Consolidated Financial Statements:</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Condensed Consolidated Balance Sheets</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>March 31, 2009 (unaudited) and December 31, 2008</FONT>&nbsp;</TD>
     <TD vAlign=top align=right rowSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Condensed Consolidated Statements of Operations</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Three Months Ended March 31, 2009 and 2008 (unaudited)</FONT>&nbsp;</TD>
     <TD vAlign=top align=right rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Condensed Consolidated Statements of Cash Flows</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Three Months Ended March 31, 2009 and 2008 (unaudited)</FONT>&nbsp;</TD>
     <TD vAlign=top align=right rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>5&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Notes to Condensed Consolidated Financial Statements</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(unaudited)</FONT>&nbsp;</TD>
     <TD vAlign=top align=right rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>6&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 2.</FONT>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Management's Discussion and Analysis of Financial Condition</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>And Results of Operations</FONT>&nbsp;</TD>
     <TD vAlign=top align=right rowSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>8&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD></TR>
<TR height=20>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 3.&nbsp;&nbsp;</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Quantitative and Qualitative Disclosures about Market Risk</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp; 10</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 4T.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Controls and Procedures</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;10</FONT></TD></TR>
<TR height=20>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD align=right></TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>PART II: OTHER INFORMATION</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 1.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Legal Proceedings</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 1A.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Risk Factors</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 2.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Changes in Securities</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 3.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Defaults Upon Senior Securities</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 4.</FONT>&nbsp;</TD>
     <TD vAlign=top align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Submission of Matters to a Vote of Security </FONT><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Holders</FONT>&nbsp;</TD>
     <TD vAlign=top align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 5.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Other Information</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Item 6.</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Exhibits and Reports on Form 8-K</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SIGNATURES</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>11&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center>2</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_3"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL -AMERICAN SPORTPARK, INC. AND SUBSIDIARY</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CONDENSED CONSOLIDATED BALANCE SHEETS</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>MARCH 31, 2009 AND DECEMBER 31, 2008</FONT></P>
<TABLE style="WIDTH: 958px; HEIGHT: 1256px" cellSpacing=0 border=0>
<TR>
     <TD width="40%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="4%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2009</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Unaudited)</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Current assets:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Cash</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>82,894</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Accounts receivable</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,478</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,478</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Prepaid expenses and other</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>22,762</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>13,939</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total current assets</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>107,134</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>15,417</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Leasehold improvements and equipment, net</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>866,544</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>887,127</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Due from related entities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Other Assets</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total assets</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>973,678</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>902,544</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=3><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>LIABILITIES AND SHAREHOLDERS' EQUITY DEFICIENCY</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Current liabilities:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Bank overdraft</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>17,631</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Current portion of notes payable to</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>related entities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4,567,448</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4,542,935</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest payable to related entities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3,579,065</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3,467,379</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Accounts payable and accrued expenses</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>158,649</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>81,670</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total current liabilities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>8,305,162</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>8,109,615</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Notes payable to related entities, net of</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>current portion</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>14,440</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10,782</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Interest payable to related entities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2,500</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Due to related entities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,384,265</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,452,671</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Deferred rent liability</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>688,452</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>565,843</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total liabilities</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10,394,819</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>10,138,911</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Commitments and contingencies:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Minority interest in subsidiary</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Shareholders' equity deficiency:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Series B Convertible Preferred Stock,</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$. 001 par value, no shares issued</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>and outstanding</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Common Stock, $. 001 par value, 10,000,000</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>shares authorized, 3,570,000 shares</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>issued and outstanding at March 31,</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2009, and December 31, 2008, respectively</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3,570</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3,570</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Additional paid-in capital</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>13,692,240</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>13,692,240</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Accumulated deficit</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(23,116,951</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(22,932,177</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total shareholders' equity deficiency</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(9,421,141</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(9,236,367</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total liabilities and shareholders'</FONT> equity deficiency</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>973,678</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>902,544</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>
<P align=center>3</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_4"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC. AND SUBSIDIARY</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(UNAUDITED)</FONT></P>
<TABLE style="WIDTH: 970px; HEIGHT: 749px" cellSpacing=0 border=0>
<TR>
     <TD width="40%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="4%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2009</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Revenues</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>550,019</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>590,947</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Cost of revenues, excluding depreciation</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>104,888</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>151,042</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Gross profit</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>445,131</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>439,905</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Operating expenses:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Selling, general and administrative</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>480,791</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>530,823</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Depreciation and amortization</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>20,583</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>21,762</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Total operating expenses</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>501,374</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>552,585</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Operating loss</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(56,243</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(112,680</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Other income (expense):</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Interest expense</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(128,517</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(135,144</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Other income</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(14</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>6,768</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Income (Loss) before minority</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; interest</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(184,774</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(241,056</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Minority interest</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Net Income (loss)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(184,774</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(241,056</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>============</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>NET INCOME (LOSS) PER SHARE:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted net income (loss) </FONT>per share</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(0.05</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(0.07</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>============</FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>
<P align=center>4</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_5"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC. AND SUBSIDIARY</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(UNAUDITED)</FONT></P>
<TABLE style="WIDTH: 966px; HEIGHT: 1122px" cellSpacing=0 border=0>
<TR>
     <TD width="40%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="4%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2009</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CASH FLOWS FROM OPERATING ACTIVITIES:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Net income (loss)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(184,774</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(241,056</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Adjustment to reconcile net income (loss)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>to net cash used in operating activities:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Depreciation and amortization</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>20,583</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>21,762</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Changes in operating assets and liabilities:</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Decrease in accounts</FONT>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>receivable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4,345</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Increase) prepaid expenses</FONT>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>and other</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(8,823</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(9,049</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease in bank overdraft</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(17,631</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(53,473</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Decrease)increase in accounts payable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>and accrued expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>76,979</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>8,469</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Increase in interest payable to</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>related entities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>114,186</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>122,513</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Increase in deferred rent liability</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>122,609</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,094</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>---------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used in)</FONT>operating activities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>123,129</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(145,395</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CASH FLOWS FROM INVESTING ACTIVITIES:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Capital expenditures</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>---------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used in investing</FONT>&nbsp;activities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CASH FLOWS FROM FINANCING ACTIVITIES:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Decrease) increase&nbsp;in due to related entities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(68,406</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>292,602</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Proceeds from notes payable to</FONT>&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>related entities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>30,000</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>25,000</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal payments on notes payable</FONT>to related entities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,829</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(104,386</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Principal payments on other notes payable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(23,292</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>---------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Net cash provided by (used in)</FONT>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>financing activities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(40,235</FONT></TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>189,924</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>---------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>NET INCREASE IN CASH</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>82,894</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>44,529</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CASH, beginning of period</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-----------</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>----------</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CASH, end of period</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>82,894</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>44,529</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>==========</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SUPPLEMENTAL CASH FLOW INFORMATION:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Cash paid for interest</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1,708</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>==========</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Cash paid for taxes</FONT>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>$</FONT></TD>
     <TD align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right colSpan=2><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>===========</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>==========</FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>
<P align=center>5</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_6"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC. AND SUBSIDIARY</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(UNAUDITED)</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1. CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying unaudited condensed consolidated financial statements of All-American SportPark, Inc. ("AASP" or the "Company"), include the accounts of AASP and its wholly owned subsidiary, All- American Golf Center, Inc. ("AAGC"), (collectively the "Company"). All significant intercompany accounts and transactions have been eliminated. The operations of the Callaway Golf Center ("CGC") are included in AAGC.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission relating to interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. In the opinion of management, all necessary adjustments have been made to present fairly, in all material respects, the financial position, results of operations and cash flows of the Company at March 31, 2009 and for all prior periods presented.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that may require revision in future periods.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>These consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2008, from which the December 31, 2008, audited balance sheet information was derived.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2. INCOME (LOSS) PER SHARE AND SHAREHOLDER'S EQUITY DEFICIENCY</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Basic and diluted income (loss) per share is computed by dividing the reported net income or loss by the weighted average number of common shares outstanding during the period. The weighted-average numbers of common shares used in the calculation of basic and diluted loss per share were 3,570,000 for the three-month periods ended March 31, 2009 and 2008.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3. LEASES</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The land underlying the Callaway Golf Center is leased by AAGC. The original lease expires in 2012 and the Company has exercised one of two five year renewal options extending the lease through 2017. Also, the lease has a provision for contingent rent to be paid by AAGC upon reaching certain levels of gross revenues. The CGC did not reach the gross revenues that would require the payment of contingent rent as of March 31, 2009. The lease has a corporate guarantee by AASP.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4. RELATED PARTY TRANSACTIONS</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The Company provides administrative/accounting support for (a) The Company Chairman's wholly- owned golf retail store in Las Vegas, Nevada, (the "Paradise Store" (b) three golf retail stores, two are named Saint Andrews Golf Shop ("SAGS")and one is a Las Vegas Golf and Tennis, owned by the Company's President and his brother. Administrative/accounting payroll and employee benefits are allocated based on an annual review of the personnel time expended for each entity. Amounts allocated to these related parties by the Company approximated $30,214 and $30,663 for the three months ended March 31, 2009 and 2008, respectively. Related party interest expense was $114,186 and $122,513 for the three months period ending March 31, 2009 and 2008.</FONT></P>
<P align=center>6</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_7"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>5. LEGAL MATTERS</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>There are no legal matters that the Company is involved in at this time.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>6. GOING CONCERN MATTERS</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Historically, with some exceptions, the Company has incurred net losses. As of March 31, 2009, the Company had a working capital deficit of $8,198,028 and a shareholders' equity deficiency of $ 9,421,141. CGC did generate a positive cash flow before corporate overhead that is in place to support of the CGC and public company operations and interest expense.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Management believes that its operations, and existing cash balances as of March 31, 2009 may not be sufficient to fund operating cash needs and debt service requirements over the next 12 months. Management continues to seek other sources of funding, which may include Company officers or directors or other related parties. In addition, management continues to analyze all operational and administrative costs of the Company and has made and will continue to make the necessary cost reductions as appropriate.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Among its alternative courses of action, management of the Company may seek out and pursue a business combination transaction with an existing private business enterprise that might have a desire to take advantage of the Company's status as a public corporation. There is no assurance that the Company will acquire a favorable business opportunity through a business combination. In addition, even if the Company becomes involved in such a business opportunity, there is no assurance that it would generate revenues or profits, or that the market price of the Company's common stock would be increased thereby.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Management continues to seek out financing to help fund working capital needs of the Company. In this regard, management believes that additional borrowings against the CGC could be arranged although there can be no assurance that the Company would be successful in securing such financing or with terms acceptable to the Company.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The consolidated financial statements do not include any adjustments relating to the recoverability of assets and the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>7. RECENT ACCOUNTING POLICIES</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>In December 2007, the FASB issued SFAS No. 141 (revised 2007), &#147;Business Combinations&#148; (SFAS 141R). SFAS 141R establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any noncontrolling interest in the acquiree, and the goodwill acquired. SFAS 141R also establishes disclosure requirements to enable the evaluation of the nature and financial effects of the business combination. SFAS 141R is effective for the Company with respect to business combinations for which the acquisition date is on or after January 1, 2009. The adoption of SFAS No. 141 (revised 2007) did not have an impact on the consolidated financial statements and relatd disclosures.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>In May 2008, the Financial Accounting Standards Board (&#147;FASB&#148;) issued SFAS No. 162, &#147;The Hierarchy of Generally Accepted Accounting Principles&#148;. SFAS No. 162 sets forth the level of authority to a given accounting pronouncement or document by category. Where there might be conflicting guidance between two categories, the more authoritative category will prevail. SFAS No. 162 will become effective 60 days after the SEC approves the PCAOB&#146;s amendments <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>to AU Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect the Company&#146;s financial position, statements of operations, or cash flows at this time.</FONT></FONT></P>
<P align=center>7</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_8"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>In April 2009, the FASB issued FSP FAS 157-4, &#147;Determining Fair Value When the Volume and Level of Activity for the Asset or Liabilty Have Significantly Decreased and Identifying Transactions That Are Not Orderly&#148; (&#147;FSP FAS 157-4), to address the challenges in estimating fair value when the volume and level of activity for an asset or liability have significantly decreased. This FSP emphasizes that even if there has been a significant decrease in the volume and level of activity for the asset or liability and regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measure date under current market conditions. This FSP is effective for interim and unusual rep
orting periods ending after June 15, 2009. The Company is currently evaluating the potential&nbsp;impact, if any,&nbsp;of&nbsp;FSP FAS 157-4 on the consolidated financial statements and related disclosures.</FONT></P>
<P align=center>8</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_9"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The following information should be read in conjunction with the Company's consolidated financial statements and related notes included in this report.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>OVERVIEW</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The Company's operations consist of the management and operation of the Callaway Golf Center (CGC). The CGC includes a par 3 golf course fully lighted for night golf, a 110-tee two-tiered driving range, and a 20,000 square foot clubhouse which includes the Callaway Golf fitting center. Also located within the clubhouse are two sub-leased spaces. The first is occupied by the Saint Andrews Golf Shop retail store. The other space was for a restaurant and bar that was unoccupied as of the beginning of 2006. A lease was signed with a new tenant on January 25, 2006 and the restaurant reopened in February 2006. The lease was for an initial one-year period. The Company and the tenant agreed to extend the lease on a month to month basis.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>RESULTS OF OPERATIONS - THREE MONTHS ENDED MARCH 31, 2009 AS COMPARED TO THE THREE MONTHS ENDED MARCH 31, 2008.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>REVENUES. Revenues of the Callaway Golf Center ("CGC") for the three months ended March 31, 2009 were down as compared to the three months ended March 31, 2008 to $550,019 from $ 590,947. This is attributed to the colder, windier weather in the 2009 period and a downturn in the economy.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>COST OF REVENUES. Cost of revenues consists mainly of commissions paid to golf instructors, payroll and benefits expenses of CGC staff, and operating supplies. Cost of revenues decreased by $46,154 to $104,888 from $151,042 for the same period in the prior year. Commissions paid to golf instructors decreased by $24,163 to $13,974 in 2009 from $38,137 in 2008 due directly to a decrease in golf lesson fees received in the current quarter which is attributed to the weather and the downturn in the economy. In 2008 a large order of golf balls for the driving range was placed in the first quarter for $21,725. An order was placed in the fourth quarter of 2008, so a ball order was not necessary during the first quarter of 2009.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SELLING, GENERAL AND ADMINISTRATIVE. These expenses consist principally of landscaping services and professional fees, ground lease, utilities, insurance and administrative payroll. These expenses decreased by $50,032 to $480,790 for the three months ending March 31, 2009 as compared to $530,823 during the same period in 2008. The reduction is a result of a decrease in wages due to better staff scheduling, and a reduction in legal expenses. During 2008, the Company was involved in litigation that was settled in September 2008.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>OTHER INCOME AND EXPENSE. Other income and expense consists principally of interest expense and non-operating income. For the three months ended March 31, 2009 there was a decrease in interest expense of $ 6,627 as compared to the same period in 2008. The reduction in interest expense was a result of the Company paying off some of the debt owed to affiliates in September 2008.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>NET INCOME (LOSS). The net loss for the three months ending March 31, 2009 was $184,774 compared to a net loss of $241,056 in the prior year. The reduction in the net loss was due to the reasons described above.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>LIQUIDITY AND CAPITAL RESOURCES</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>As of March 31, 2009, the Company had a working capital deficit of $8,198,028 as compared to a working capital deficit of $ 8,094,198 at December 31, 2008. The CGC did generate a positive cash flow before corporate overhead.</FONT></P>
<P align=center>9</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_10"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Management believes that the CGC operations and existing cash balances as of March 31, 2009 may not be sufficient to fund operating cash needs and debt service requirements over the next 12 months. In its report on the Company's annual financial statements for 2008, the Company's auditors expressed substantial doubt about the Company's ability to continue as a going concern.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The Company anticipates that the Town Square project will continue to increase traffic flow in the area of the golf center, which is expected to result in increased revenues for the golf center. The Town Square is a 1.5 million square foot super regional lifestyle center with a mix of retail, dining and office space that is being developed across the street from the golf center. In addition, the continued aggressive level of growth at the south end of the Las Vegas strip is expected to draw more local and tourist business to the golf center.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Management continues to seek other sources of funding, which may include Company officers or directors or other related parties. In addition, management continues to analyze all operational and administrative costs of the Company and has made and will continue to make the necessary cost reductions as appropriate.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Among its alternative courses of action, management of the Company may seek out and pursue a business combination transaction with an existing private business enterprise that might have a desire to take advantage of the Company's status as a public corporation. At this time, management does not intend to target any particular industry but, rather, intends to judge any opportunity on its individual merits. Any such transaction would likely have a dilutive effect on the interests of the Company's stockholders that would, in turn, reduce each shareholders proportionate ownership and voting power in the Company. There is no assurance that the Company will acquire a favorable business opportunity through a business combination. In addition, even if the Company becomes involved in such a business opportunity, there is no assurance that it would generate revenues or profits, or that the market price of the Company's common stock would b
e increased thereby.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>The Company has no commitments to enter into or acquire a specific business opportunity and; therefore, is able to disclose the risks of a business or opportunity that it may enter into only in a general manner, and unable to disclose the risks of any specific business or opportunity that it may enter into. An investor can expect a potential business opportunity to be quite risky. Any business opportunity acquired may be currently unprofitable or present other negative factors.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Working capital needs have been helped by deferring payments of interest and notes payable balances due to affiliates. Management believes that additional deferrals of such payments can be negotiated, if necessary. Management continues to seek out financing to help fund working capital needs of the Company. In this regard, management believes that additional borrowings against the CGC could be arranged although there can be no assurance that the Company would be successful in securing such financing or with terms acceptable to the Company.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Certain information included in this quarterly report contains statements that are forward-looking such as statements relating to plans for future expansion and other business development activities, as well as other capital spending and financing sources. Such forward -looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to dependence on existing management, leverage and debt <FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>service (including sensitivity to fluctuations in interest rates), domestic <FONT face="Courier New" size=2>or global</FONT></FONT></FONT></P>
<P align=center>10</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_11"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>economic conditions, changes in federal or state tax laws or the administration of such laws, and changes in regulations and application for licenses and approvals under applicable jurisdictional laws and regulations.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Not Required.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 4T. CONTROLS AND PROCEDURES</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>As of March 31, 2009, under the supervision and with the participation of the Company's Chief Executive Officer and Principal Financial Officer, management has evaluated the effectiveness of the design and operations of the Company's disclosure controls and procedures. Based on that evaluation, the Chief Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures were effective as of March 31, 2009.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>There have been no changes in internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to affect, the Company's internal control over financial reporting.</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>PART II - OTHER INFORMATION</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 1. LEGAL PROCEEDINGS.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>There are no legal matters that the Company is involved in at this time.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 1A. RISK FACTORS.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Not required.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. None.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 3. DEFAULTS UPON SENIOR SECURITIES. None</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. None.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 5. OTHER INFORMATION. None.</FONT><BR>
<BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ITEM 6. EXHIBITS</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="4%"></TD>
     <TD width="51%"></TD>
     <TD width="43%"></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>31</FONT>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=5><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Certification of Chief</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Executive Officer and Principal</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Financial Officer Pursuant</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>to Section 302 of the</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Sarbanes-Oxley Act of 2002</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Filed herewith electronically</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>32</FONT>&nbsp;</TD>
     <TD vAlign=top align=left rowSpan=4><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Certification of Chief</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Executive Officer and Principal</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Financial Officer Pursuant</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>to Section 18 U. S. C. Section 1350</FONT>&nbsp;</TD>
     <TD align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Filed herewith electronically</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=center>11</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_12"></A>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>SIGNATURES</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Date: May 15, 2009</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 358px; HEIGHT: 115px" cellSpacing=0 border=0>
<TR>
     <TD width="11%"></TD>
     <TD width="88%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2 rowSpan=5><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>By:</FONT> <FONT face="Courier New" size=2>/s/ Ronald Boreta</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp; Ronald Boreta, President and</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp; Chief Executive (Officer Principal</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer) and Treasurer</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;&nbsp;&nbsp; (Principal Financial Officer)</FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR></TABLE></DIV><BR>
<P align=center>12</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>aaspexhibit31.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>aaspexhibit31.htm - Generated by Clanahan, Beck & Bean, PC for SEC Fiiling</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
 <!--$$/page=-->
<A name="page_1"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>EXHIBIT 31</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CERTIFICATION OF CHIEF EXECUTIVE OFFICER</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>AND PRINCIPAL FINANCIAL OFFICER</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>I, Ronald Boreta, certify that:</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>1. I have reviewed this Quarterly Report on Form 10-Q of All-American SportPark, Inc.;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d- 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d- 15(f)) for the registrant and have:</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</FONT></P>
<P align=center>1</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_2"></A>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Date: May 15, 2009</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>/s/ Ronald Boreta</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Ronald Boreta<BR>
Chief Executive Officer</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(Principal Executive Officer) and</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Principal Financial Officer</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2></FONT>&nbsp;</P>
<P align=center>2</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>3
<FILENAME>aaspexhibit32.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>aaspexhibit32.htm - Generated by Clanahan, Beck & Bean, PC for SEC Fiiling</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
 <!--$$/page=-->
<A name="page_1"></A>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>EXHIBIT 32</FONT></P>
<P align=center><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>CERTIFICATION OF CHIEF EXECUTIVE OFFICER</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>AND PRINCIPAL FINANCIAL OFFICER</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>ALL-AMERICAN SPORTPARK, INC.</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>PURSUANT TO 18 U.S.C. SECTION 1350</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>I hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of All-American SportPark, Inc. for the quarter ended March 31, 2009:</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(1) complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>(2) the information contained in the Report fairly presents, in all material aspects, the financial condition and results of operations of All-American SportPark, Inc.</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Dated: May 15, 2009</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>&nbsp;/s/ Ronald S. Boreta<BR>
&nbsp;Ronald S. Boreta Chief Executive<BR>
&nbsp;Officer(Principal Executive Officer)<BR>
&nbsp;and Principal Financial Officer</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>A signed original of this written statement required by Section 906 of the Sarbanes- Oxley Act of 2002 has been provided to All-American SportPark, Inc. and will be retained by All -American SportPark, Inc. and furnished to the Securities and Exchange Commission upon request.</FONT></P>
<P align=center>1</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
