-----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,
 MUIpnyl8rb3uja+Rz1qa3Jf/Q1WpE5c93BSsyHXF86Af1cpzUwVq3ZLAfRdQqFAT
 GEP/08kUH8Gf1RYqbXD6ow==

<SEC-DOCUMENT>0001263279-09-000120.txt : 20090813
<SEC-HEADER>0001263279-09-000120.hdr.sgml : 20090813
<ACCEPTANCE-DATETIME>20090813163245
ACCESSION NUMBER:		0001263279-09-000120
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090630
FILED AS OF DATE:		20090813
DATE AS OF CHANGE:		20090813

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:		091010884

	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>aaspform10-q63009final.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>aaspform10-q63009final.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="TimesNewRomanPSMT,Times New Roman,Times,serif">UNITED STATES</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM 10-Q</FONT></B><BR>
<BR>
<FONT face=Wingdings-Regular,WingDings>x </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">EXCHANGE ACT OF 1934</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For the quarterly period ended </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30, 2009</FONT></U><BR>
<BR>
<FONT face=Wingdings-Regular,WingDings>&#168; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">EXCHANGE ACT OF 1934</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commission file number </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">000-24970</FONT></U></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">LL</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>-A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MERICAN </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">PORTPARK </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>, I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">NC </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>.</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of registrant as specified in its charter)</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 888px; HEIGHT: 89px" cellSpacing=0 border=0>
<TR>
     <TD width="24%"></TD>
     <TD width="2%"></TD>
     <TD width="24%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Nevada</FONT></B>&nbsp;</TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">88-0203976</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State or other jurisdiction of incorporation or organization)</FONT>&nbsp;</TD>
     <TD align=center></TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(I. R. S. Employer Identification No. )</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">6730 South Las Vegas Boulevard</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Las Vegas, NV 89119</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Address of principal executive offices)</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(702) 798-7777</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant&#146;s telephone number, including area code)</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" 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.&nbsp; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Yes </FONT><FONT face=Wingdings-Regular,WingDings size=2>x </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>No </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp; Yes </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>No </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" 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 vAlign=bottom>
     <TD align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Large accelerated filer </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp;</TD>
     <TD align=left width="35%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accelerated filer </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-accelerated filer </FONT><FONT face=Wingdings-Regular,WingDings size=2>&#168; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Do not check if a smaller reporting company)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Smaller reporting company </FONT><FONT face=Wingdings-Regular,WingDings size=2>x</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes&nbsp;<FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp; </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2></FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>No </FONT><FONT face=Wingdings-Regular,WingDings size=2>x</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The number of shares of Common Stock, $ 0.001 par value, outstanding on August 10, 2009 was 3,570,000 shares.</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="14%"></TD>
     <TD width="72%"></TD>
     <TD width="12%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>LL</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=4>-A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>MERICAN </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PORTPARK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>, </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>INC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ORM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=4>10-Q</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NDEX</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Page</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Number</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ART </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">I:</FONT></B>&nbsp;</TD>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>INANCIAL </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NFORMATION</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Condensed Consolidated Financial Statements</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Condensed Consolidated Balance Sheets</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30, 2009 (unaudited) and December 31, 2008</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Condensed Consolidated Statements of Operations</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For the Three and Six Months Ended June 30, 2009</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">and June 30, 2008 (unaudited)</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Condensed Consolidated Statements of Cash Flows</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For the Six Months Ended June 30, 2009 (unaudited)</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">and June 30, 2008.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notes to Condensed Consolidated Financial Statements (unaudited)</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 2.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Management&#146;s Discussion and Analysis of Financial Condition</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">And Results of Operations</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">11</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 3.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Quantitative and Qualitative Disclosures about Market Risk</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">20</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 4T.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Controls and Procedures</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ART </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">II:</FONT></B>&nbsp;</TD>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">O</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>THER </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NFORMATION</FONT></B>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Legal Proceedings</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1A.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Risk Factors</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 2.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Changes in Securities</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 3.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Defaults Upon Senior Securities</FONT>&nbsp;</TD>
     <TD align=center><FONT face="Times New Roman">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 4.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Submission of Matters to a Vote of Security Holders</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">21</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 5.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other Information</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">22</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 6.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibits and Reports on Form 8-K</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">22</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>IGNATURES</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">23</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>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="50%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PART 1 &#150; FINANCIAL INFORMATION</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">1. F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>INANCIAL </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>TATEMENTS</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>LL</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=4>-A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>MERICAN </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PORTPARK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>, I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>NC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONDENSED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONSOLIDATED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">B</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ALANCE </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>HEETS</FONT></B></TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30,</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">December 31,</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2009</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(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="TimesNewRomanPSMT,Times New Roman,Times,serif">Assets</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Current assets:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cash</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">98,336</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accounts receivable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">21,128</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,478</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Prepaid expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">990</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">13,939</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total current assets</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">120,454</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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="TimesNewRomanPSMT,Times New Roman,Times,serif">Fixed assets:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Property and Equipment, net of accumulated depreciation</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">of $806,164 and $765,637, respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">846,699</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">887,127</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">967,153</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">902,544</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Liabilities and Stockholders&#146; (Deficit)</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Current liabilities:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cash in excess of available funds</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">17,631</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accounts payable and accrued liabilities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">206,862</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">81,670</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Current portion of notes payable &#150; related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,980,516</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4,542,935</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accrued interest payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,695,751</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,467,379</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; <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total current liabilities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">7,883,129</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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="TimesNewRomanPSMT,Times New Roman,Times,serif">Long-term liabilities:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Loans payable &#150; related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">10,782</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Due to related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,344,108</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,452,671</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Deferred rent liability</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">688,453</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">565,843</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; <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total long-term liabilities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,032,561</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,029,296</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; <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total liabilities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">9,915,690</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">10,138,911</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commitments and contingencies</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Stockholders&#146; (deficit)</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp; Preferred stock, $0.001 par value, 5,000,000 shares</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">authorized, no shares issued and outstanding as of</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30, 2009 and December 31, 2008, respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Common stock, $0.001 par value, 10,000,000 shares authorized,</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570,000 shares issued and outstanding as of</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30, 2009 and December 31, 2008, respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Additional paid in capital</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">14,276,271</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">13,692,240</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-controlling interest in consolidated subsidiary</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">19,334</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accumulated (deficit)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(23,247,712</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(22,932,177</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total stockholders&#146; (deficit)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(8,948,537</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(9,236,367</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders&#146; (deficit)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">967,153</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">902,544</FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>The accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></B></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>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="4%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=13><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>LL</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=4>-A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>MERICAN </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PORTPARK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>, I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>NC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=13><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONDENSED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONSOLIDATED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TATEMENTS OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">O</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>PERATIONS</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=13><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Unaudited)</FONT></TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center colSpan=4 rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Three Months Ended</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30,</FONT></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center colSpan=4 rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Six Months Ended</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30,</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2009</FONT></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2008</FONT></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2009</FONT></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Revenue</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">638,414</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">730,265</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,188,433</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,321,212</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cost of sales</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">157,003</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">172,268</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">261,891</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">323,310</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross profit</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">481,411</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">557,997</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">926,542</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">997,902</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Expenses:</FONT>&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>
     <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>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General &amp; administrative</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">472,371</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">571,298</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">953,162</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,102,120</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation and amortization</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">19,844</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">21,516</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">40,427</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">43,278</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">492,215</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">592,814</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">993,589</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,145,398</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net operating (loss)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(10,804</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(34,817</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(67,047</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(147,496</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other income (expense):</FONT>&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>
     <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>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Interest expense</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(119,174</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(139,392</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(247,691</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(268,395</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other income</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,582</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,568</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,325</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total other income (expense)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(116,592</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(139,392</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(245,123</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(266,070</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(127,396</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(174,209</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(312,170</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(413,566</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-controlling interest in consolidated</FONT>&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>
     <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>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">subsidiary</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3,365</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3,365</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss) attributable to</FONT>&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>
     <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>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">All-American SportPark</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(130,761</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(174,209</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(315,535</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(413,566</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Weighted average number of</FONT>&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>
     <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>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">common shares outstanding-diluted</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570,000</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570,000</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570,000</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,570,000</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss) per share &#150; basic and fully diluted</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(0.04</FONT></TD>
     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(0.05</FONT></TD>
     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(0.09</FONT></TD>
     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(0.12</FONT></TD>
     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=13><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></TD></TR></TABLE><BR>
<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>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="57%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>LL</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=4>-A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>MERICAN </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PORTPARK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>, I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>NC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONDENSED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONSOLIDATED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TATEMENTS OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ASH </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>LOWS</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=7><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Unaudited)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For the Six Months Ended</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">June 30,</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2009</FONT></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2008</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Cash flows from operating activities</FONT></B>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(315,535</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(413,566</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Adjustments to reconcile net (loss) to</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">net cash provided (used) by operating activities</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation expense</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">40,428</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">43,278</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-controlling interest in consolidated subsidiary</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,365</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Changes in operating assets and liabilities:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accounts receivable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(19,650</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4,068</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Prepaid expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">12,949</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(7,478</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accounts payable and accrued expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">125,192</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">75,782</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Deferred rent liability</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">122,610</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,187</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accrued interest payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">228,372</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">243,212</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net cash provided (used) by operating activities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">197,731</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(52,517</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Cash flows from financing activities</FONT></B>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Bank overdrafts</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17,631</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(53,474</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proceeds from related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(108,563</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">344,903</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proceeds from notes payable &#150; related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">30,000</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">25,000</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Payments on notes payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3,201</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(105,566</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Payments on notes payable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(47,140</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net cash provided (used) by financing activities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(99,395</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">163,724</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net increase in cash</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">98,336</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">111,207</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cash &#150; beginning</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cash &#150; ending</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">98,336</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">111,207</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Supplemental disclosures:</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Interest paid</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">813</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,860</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Income taxes paid</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Sale of 49% interest in subsidiary</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cancellation of note payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(600,000</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-controlling interest in net assets</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">15,969</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">584,031</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" 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"> <B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">A</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">LL</FONT></B><B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">-A</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MERICAN </FONT></B><B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PORTPARK</FONT></B><B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">, I </FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">NC</FONT></B><B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align="center"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">N</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">OTES TO </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ONDENSED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ONSOLIDATED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">F</FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">INANCIAL </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S </FONT></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">TATEMENTS</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Unaudited)</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 1 &#150; Basis of presentation</FONT></B></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The condensed consolidated interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by All-American SportPark, Inc. (the &#147;Company&#148;), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.</FONT></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these consolidated interim financial statements be read in conjunction with the consolidated financial statements of the Company for the period ended December 31, 2008 and notes thereto included in the Company's Form 10-K. The Company follows the same accounting policies in the preparation of consolidated interim reports.</FONT></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Results of operations for the interim periods are not indicative of annual results.</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 2 &#150; Going concern</FONT></B></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of June 30, 2009, we have an accumulated deficit of &#36;23,247,712. Also, the Company&#146;s current liabilities exceed its current assets by &#36;7,762,675 as of June 30, 2009. These conditions have raised substantial doubt about the Company's ability to continue as a going concern. Although our recent growth has greatly improved cash flows, we nonetheless need to obtain additional financing to fund payment of obligations and to provide working capital for operations. Management is seeking additional financing, and is now looking for a merger or acquisition candidate. It is management&#146;s objective to review the acquisition of interests in various business opportunities, which in their opinion will provide a profit to the Company. Management believes these efforts will generate sufficient cash flows from future operations to pay the Company's obligations and working capital needs. There is no assurance any of these transactio
ns will occur. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 3 &#150; Non-controlling interest</FONT></B></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-controlling interest represents the minority stockholders&#146; proportionate share of the equity of AAGC. At June 30, 2009, we owned 51% of AAGC&#146;s capital stock, representing voting control and a majority interest. Our controlling ownership interest requires that AAGC&#146;s operations be included in the Condensed Consolidated Financial Statements contained herein.</FONT></P>
<P align="center">6</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_7"></A>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The 49% equity interest that is not owned by us is shown as &#147;Non-controlling interest in consolidated subsidiary&#148; in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. As of June 30, 2009, St. Andrews Golf Shop, our minority interest partner and a related party (see Note 5) held a $19,334 interest in the net asset value of our subsidiary AAGC and a $3,365 interest in the net income from operations of AAGC.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 4 &#150; Notes payable - related party</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of June 30, 2009, related party notes payable consisted of the following:</FONT></P>
<TABLE style="WIDTH: 1137px; HEIGHT: 323px" cellSpacing=0 border=0>
<TR>
     <TD width="40%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">June 30, 2009</FONT></B>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">December 31, 2008</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Las Vegas Discount Golf &amp; Tennis, bearing interest</FONT>&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="TimesNewRomanPSMT,Times New Roman,Times,serif">at a rate of 10% per annum, and due on demand</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,363,473</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,363,473</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Las Vegas Discount Golf &amp; Tennis, bearing interest</FONT>&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="TimesNewRomanPSMT,Times New Roman,Times,serif">at a rate of 10% per annum, and due on demand</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">85,000</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">85,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">BE Holdings, bearing interest at a rate of 10% per</FONT>&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="TimesNewRomanPSMT,Times New Roman,Times,serif">annum, and due on demand</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">100,000</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">100,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">St. Andrews Golf Shop, bearing interest at a rate of</FONT>&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="TimesNewRomanPSMT,Times New Roman,Times,serif">10% per annum, and due on demand</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">432,043</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,005,244</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total notes payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,980,516</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4,553,717</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Less current portion</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">3,980,516</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4,542,935</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total long-term notes payable &#150; related party</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">10,782</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We have recorded interest expense to related parties in the amounts of $226,561 and $217,901 during the six months ended June 30, 2009 and 2008, respectively.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 5 &#150; Related party transactions</FONT></B></P>
<P align=left><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Expenses</FONT></U></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We provide administrative support to various retail entities owned in part or wholly by our chief executive officer, the sole executive officer of our majority owned subsidiary, and the chairman of the board. These costs are allocated based on an annual review of actual expenses for each entity. As of June 30, 2009 and 2008, we have recorded an estimated allocation of these expenses in the amount of $78,500 and $60,505, respectively. Our increase in allocated salary expenses was attributable to our analysis and resulting re-allocation of expense based on our current employee distribution.</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"> <U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Employment agreements</FONT></U></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On May 18, 2009, our board of directors approved Addendum No. 2 to the Employment Agreement dated August 25, 2004 with Ronald Boreta, our chief executive officer, and the addendum was executed on June 15, 2009. Pursuant to this addendum, Mr. Boreta&#146;s employment agreement has been extended an additional three years, expiring on May 31, 2012. In addition, Mr. Boreta&#146;s shall receive an annual base salary of &#36;120,000 per annum.</FONT></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On June 15, 2009, we entered into an &#147;Employment Agreement&#148; through our majority owned subsidiary, All-American Golf Center, Inc. (&#147;AAGC&#148;) with Mr. John Boreta whereby Mr. Boreta will perform management services for AAGC for a term of three years commencing on June 15, 2009 until June 14, 2012. Mr. Boreta will receive an annual salary in the amount of &#36;75,000. Mr. Boreta has served in this capacity with AAGC since its inception in 1997.</FONT></P>
<P align="left"> <U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Stock transfer agreement</FONT></U></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On June 15, 2009 we entered into a &#147;Stock Transfer Agreement&#148; with St. Andrews Golf Shop, Ltd. a Nevada limited liability company which is wholly-owned by Ronald Boreta, our chief executive officer and John Boreta, a principal shareholder of the Company. Pursuant to this agreement, we agreed to transfer a 49% interest in our wholly-owned subsidiary, AAGC as a partial principal payment in the amount of &#36;600,000 on our outstanding loan due to St. Andrews Golf Shop, Ltd. In March 2009, we engaged the services of an independent third party business valuation firm, Houlihan Valuation Advisors, to determine the fair value of the business and the corresponding minority interest. Based on the Minority Value Estimate presented in connection with this appraisal, which included valuations utilizing the income, market and transaction approaches in its valuation methodology, the fair value of a 49% interest totaled &#36; 600,000 </F
ONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 6 &#150; Commitments</FONT></B></P>
<P align="left"> <U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Lease agreements</FONT></U></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On October 17, 1997 we entered into a long-term operating lease for land underlying the Callaway Golf Center. Pursuant to the lease agreement, we are required to make minimum monthly lease payments, with 10% increases every five years throughout the term of the lease. In addition, the lease contains a provision whereby additional rent will be due based on certain gross revenue thresholds. As of the date of this filing, no rent was due or accrued under the gross revenue provision. The initial term of the lease was for a term of fifteen years and provided for two five- year renewal options. In March of 2006 we elected to exercise our first renewal option extending the lease until 2018. We have elected to recognize our lease payments on a straight-line basis over a twenty-five year period which includes all renewal options. Lease expensed totaled &#36;243,029 for the six months ended June 30, 2009 and 2008.</FONT></P>
<P align="center">8</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_9"></A>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The following is a schedule by year of future minimum lease payments required under this lease agreement:</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 379px; HEIGHT: 211px" cellSpacing=0 border=0>
<TR>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Year</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Amount</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2009</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">240,834</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2010</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">481,673</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2011</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">481,673</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2012</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">493,715</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2013</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">493,715</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Thereafter</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">4,503,644</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">6,767,505</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=left><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Employment agreements</FONT></U></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We have employment agreements with two of our executives (see note 4) whereby we have agreed to annual compensation in the amount of $195,000. As of June 30, 2009, the future minimum payments are as follows:</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 412px; HEIGHT: 275px" cellSpacing=0 border=0>
<TR>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center colSpan=3 rowSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Related-party</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">compensation</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">requirements</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR height=20>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"></FONT><FONT face="Times New Roman" size=3>2009</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">97,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2010</FONT></TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">195,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2011</FONT></TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">195,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2012</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">84,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center width="10%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total</FONT></TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="6%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">571,875</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=left><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Customer Agreement</FONT></U></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On June 19, 2009, we entered into a &#147;Customer Agreement&#148; with Callaway Golf Company and St. Andrews Golf Shop, Ltd. through our majority owned subsidiary AAGC. Pursuant to this agreement, we have agreed to market and sell Callaway products exclusively through AAGC for a period of approximately three and one half years with an automatic extension to December 31, 2018 unless written notice of termination is received by November 2013. Pursuant to the agreement, Callaway Golf Company has agreed to provide funding and resources in the minimum amount of $2,750,000 to be allocated as follows: 1) $750,000 towards operating expenses 2) $750,000 facility improvements 3) $500,000 in land improvements and 4) three payments each of $250,000 for annual advertising expenses. On July 1, 2009, we received the initial installment of $750,000.</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"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 7 &#150; Stockholders' deficit</FONT></B></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We are authorized to issue 5,000,000 shares of &#36;0.001 par value preferred stock and 10,000,000 shares of &#36;0.001 par value common stock.</FONT></P>
<P align="left"> <U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Preferred stock</FONT></U></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of June 30, 2009, we had no preferred shares issued and outstanding.</FONT></P>
<P align="left"> <U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Common stock</FONT></U></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of June 30, 2009, we had 3,750,000 shares of our &#36;0.001 par value common stock issued and outstanding. We had no new issuances during the period ended June 30, 2009.</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Note 8 &#150; Subsequent events</FONT></B></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On June 19, 2009 we entered into a Customer Agreement with Callaway Golf Company, (see note 6). Pursuant to the agreement, we received the initial cash payment in the amount of &#36;750,000 on July 1, 2009 and have recorded as deferred marketing revenue. We will receive subsequent payments at various times throughout the term of the agreement totaling approximately &#36;2,000,000. The agreement has defined specific allocations for the use of proceeds which include capital improvements, and marketing. As of the date of this filing, we are still determining details of the agreements mechanics and therefore have not finalized our analysis of the financial statement impact resulting from this transaction.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company evaluated subsequent events through the date the accompanying financial statements were issued, which was August 14, 2009. Upon our evaluation of events and transactions that have occurred subsequent to the balance sheet date, we have determined that there are no additional material events which have occurred after the balance sheet date that would be deemed significant or require recognition or additional disclosure.</FONT></P>
<P align="center">10</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_11"></A>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2. M</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ANAGEMENT </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">&#146;</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>S </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">D</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ISCUSSION AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">A</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NALYSIS OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Ti
mes New Roman,Times,serif" size=2>INANCIAL </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONDITION AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">R</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ESULTS OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">O </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PERATIONS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">.</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Forward-Looking Statements</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">This document contains &#147;forward-looking statements.&#148; All statements other than statements of historical fact are &#147;forward-looking statements&#148; for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Forward-looking statements may include the words &#147;may,&#148; &#147;could,&#148; &#147;estimate,&#148; &#147;intend,&#148; &#147;continue,&#148; &#147;believe,&#148; &#147;expect&#148; or &#147;anticipate&#148; or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures we make in future filings of our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:</FONT></P>
<UL>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">increased competitive pressures from existing competitors and new entrants;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">deterioration in general or regional economic conditions;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">adverse state or federal legislation or regulation that increases the costs of compliance, or</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">adverse findings by a regulator with respect to existing operations;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">loss of customers or sales weakness;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">inability to achieve future sales levels or other operating results;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">the inability of management to effectively implement our strategies and business plans;</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">and</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">the other risks and uncertainties detailed in this report.</FONT> </LI></UL>
<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="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Overview of Current Operations</FONT></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our 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, Saint Andrews Golf Shop exclusively carrying Callaway Golf product and Back 9 Bar and Grill. CGC was just listed as the number one driving range in America by Golf Digest Magazine in their August 2009 issue.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On June 19, 2009, All-American Golf Center, Inc. (&#147;AAGC&#148;), a subsidiary of All-American SportPark, Inc. (the &#147;Company&#148;) entered into a Customer Agreement with Callaway Golf Company (&#147;Callaway&#148;) and Saint Andrews Gold Shop, Ltd. (&#147;Saint Andrews&#148;).</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Customer Agreement with Callaway provides that Callaway will provide Saint Andrews with a &#36;250,000 annual advertising contribution in the form of golf-related products. In addition, AAGC will receive the following: a one-time payment of &#36;750,000 to be used for operating expenses or other business expenses; a contribution of up to &#36;500,000 to be used for upgrading the driving range at the Callaway Golf Center; up to &#36;750,000 to be used to remodel and improve the facilities at the Callaway Golf Center; and, Callaway will provide staff uniforms, range golf balls, and rental golf equipment. In return, AAGC and Saint Andrews have agreed to exclusively sell Callaway golf products at the Callaway Golf Center for the term of the Customer Agreement which will terminate on December 31, 2013 with notice from Callaway during the preceding month; or, if no notice is given, December 31, 2018.</FONT
></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We believe that the advertising contribution provided by the Customer Agreement will help us to differentiate ourselves in the marketplace. In addition, the &#36;750,000 of operating cash is expected to give us a competitive edge in the marketplace by allowing us to attract quality employees, grow our business, and improve our services while lowering our interest expenses. The combined contribution of up to &#36;1,250,000 for improvement of our facilities is expected to provide other competitive advantages, primarily due to the lack of capital available for improvements among our competitors, giving us the benefit of a state-of-the art driving range, upgraded fitting bay technology, graphics, and marketing improvements such as exterior signage. We are in the process of executing on our plans to capture greater market share, and with Callaway&#146;s brand strength, help build a lasting, stronger presence 
in the Las Vegas market.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As part of the Customer Agreement, Callaway Golf will provide up to 15,000 dozen in driving range balls to the facility on a yearly basis as well as all employee uniforms. This will present a significant operational cost saving each year to the facility.</FONT></P>
<P align="center">12</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_13"></A>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Results of Operations for the three months ended June 30, 2009 and 2008 compared.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The following tables summarize selected items from the statement of operations for the three months ended June 30, 2009 compared to the three months ended June 30, 2008.</FONT></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="31%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="11%"></TD>
     <TD width="2%"></TD>
     <TD width="9%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">INCOME:</FONT></B>&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>
     <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 align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For the three months ended <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">June 30,</FONT></B>&nbsp;</FONT></B></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>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center colSpan=3></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Increase (Decrease)</FONT></B></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 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2009</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2008</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">$</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">%</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Revenue</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">638,414</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">730,265</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(91,851</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(12.6</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cost of Sales</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">157,003</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">172,268</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(15,265</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(8.9</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross Profit</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">481,411</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">557,997</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(76,586</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(13.7</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross Profit Percentage of Sales</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">75.4<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">76.4<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT></FONT></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>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR></TABLE>
<P><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Revenue</FONT></B><BR>
</P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our revenue for the three months ended June 30, 2009 was $638,414 compared to revenue of $730,265 in the three months ended June 30, 2008 a decrease of $91,851, or 12.6% from the same three-month period in the previous year. This decrease in revenue is attributed to a decrease in golf lesson fees due to a change from independent golf pros teaching lessons to a contract agreement with a company that hires their own pros. This change occurred during the fourth quarter of 2008. The outside company now receives all revenues from golf lessons; pays the instructors directly; and pays us a monthly fee. The current economic conditions were a significant factor in making the decision to change to a contract agreement for golf professionals.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Cost of sales/Gross profit percentage of sales</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cost of sales currently consists mainly of payroll and benefits expenses of AAGC staff, and operating supplies. Our cost of sales for the three months ended June 30, 2008 was $157,003, a decrease of $15,265, or 8.9% from $172,268 for the three months ended June 30, 2008. In 2008, cost of sales also included commissions paid to golf instructors, and so the change to a contract with an outside company for golf professionals reduced these expenses. In addition, there was a reduction in staff salaries due to staffing changes during the quarter ended June 30, 2009.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross profit as a percentage of sales decreased slightly from 76.4% for the three months ended June 30, 2008 to 75.4% for the three months ended June 30, 2009.</FONT></P>
<P align=center>13</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_14"></A>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="36%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXPENSES:</FONT></B>&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>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For the Three Months</FONT></B> Ended</FONT></B> June 30,</FONT></B></TD>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2009</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2008</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Increase / (Decrease)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Amount</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Amount</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">$</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">%</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Expenses:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General &amp; administrative</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">472,371</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">571,298</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(98,927</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17.3</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">19,844</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">21,516</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1,672</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(7.8</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total expenses</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">492,215</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">592,814</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(100,599</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net operating (loss)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(10,804</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(34,817</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">24,013</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">69</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Interest (expense)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(119,174</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(139,392</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">20,218</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">14.5</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other income</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,582</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,582</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss) before non-controlling interest</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(127,396</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(174,209</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">46,813</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">26.9</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">General and Administrative Expenses</FONT></B>&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>
     <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></TR></TABLE><BR>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses for the three months ended June 30, 2009 were $472,371, a decrease of $98,927, or 17.3%, from $571,298 for the three months ended June 30, 2008. In 2008, we expended significant amounts towards legal fees as a result of ongoing litigation surrounding our existing land lease. This dispute was settled in the fourth quarter of 2008. As a result of this settlement, our legal fees were substantially lower during the three month period ended June 30, 2009.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Depreciation expense</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation and amortization expenses for the three months ended June 30, 2009 were $19,844, a decrease of $1,672, or 7.8%, from $21,516 for the three months ended June 30, 2008.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Total Expenses</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our overall operating expenses decreased $100,599 for the three months ended June 30, 2009 compared to $592,814 for the three months ended June 30, 2008. The overall decrease was primarily attributed to the significant decrease in legal fees.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Net Operating Loss</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We had a net operating loss in the amount of $10,804 for the three months ended June 30, 2009, versus a net operating loss of $34,817 for the three months ended June 30, 2008 a decrease of $24,013 which is attributable to the decline in general and administrative expenses.</FONT></P>
<P align=center>14</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_15"></A>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Interest Expense</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our interest expense decreased 14.5% from $139,392 for the three months ended June 30, 2008 to $119,174 for the three months ended June 30, 2009. The decrease in interest expense was directly related to debt reductions in the latter half of 2008 to related parties.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Net Loss</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our net loss for the three months ended June 30, 2009 in the amount $127,396, a decrease of $46,813 from our previous year&#146;s loss of $174,209.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Results of Operations for the six months ended June 30, 2009 and 2008 compared.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The following tables summarize selected items from the statement of operations for the six months ended June 30, 2009 compared to the six months ended June 30, 2008.</FONT></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">INCOME:</FONT></B>&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>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"></FONT></B></TD>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For the six months ended</FONT></B> June 30,</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Increase (Decrease)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2009</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2008</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">$</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">%</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Revenue</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,188,433</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,321,212</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(132,799</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(10</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cost of Sales</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">261,891</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">323,310</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(61,419</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(19</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross Profit</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">926,542</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">997,902</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(71,360</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(7.2</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross Profit Percentage of Sales</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">78</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">75.5</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</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></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR></TABLE>
<P><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Revenue</FONT></B>&nbsp;</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our revenue for the six months ended June 30, 2009 was $1,188,433 compared to revenue of $1,321,212 in the six months ended June 30, 2008. This resulted in a decrease in revenue of $132,799, or 10%, from the same period a year ago. This decrease in overall revenue is attributed to the economic downturn as it relates to the Las Vegas tourism market. Although we have experienced a decrease in revenue, our revenue decline has been less than the national average for the golf industry.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Cost of sales/Gross profit percentage of sales</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Cost of sales currently consists mainly of payroll and benefits expenses of CGC staff, and operating supplies. During 2008, cost of sales also included commissions paid to golf instructors. Our cost of sales for the six months ended June 30, 2009 was $261,891, a decrease of $61,419, or 19% from $323,310 for the six months ended June 30, 2008.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross profit as a percentage of sales increased slightly from 75.5% for the six months ended June 30, 2008 to 78% for the six months ended June 30, 2009.</FONT></P>
<P align=center>15</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_16"></A>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXPENSES:</FONT></B>&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>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"></FONT></B></TD>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For the Six Months Ended</FONT></B> June 30,</FONT></B></TD>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2009</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2008</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Increase / (Decrease)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Amount</FONT></B></TD>
     <TD align=center>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Amount</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">$</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">%</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Expenses:</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General &amp; administrative</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">953,162</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,102,120</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(148,958</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(13.5</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">40,427</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">43,278</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(2,851</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(6.6</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total expenses</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">993,589</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1,145,398</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(151,809</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(13.3</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net operating (loss)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(67,047</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(147,496</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">80,449</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">54.5</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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>
     <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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Interest (expense)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(247,691</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(268,395</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">20,704</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">7.7</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other income</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,568</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2,325</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">243</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">10.5</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT></TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net (loss) before non-controlling interest</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(312,170</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(413,566</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">101,396</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">16</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">General and Administrative Expenses</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses for the six months ended June 30, 2009 were $953,162, a decrease of $148,958, or 13.5%, from $1,102,120 for the six months ended June 30, 2008. This decrease is attributed to the legal fees that were incurred during the period ended June 30, 2008, and as a result of a conscious effort by management to minimize expenses, when possible, in all areas of our operations.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Depreciation Expense</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Depreciation and amortization expenses for the six months ended June 30, 2009 were $40,427, a decrease of $2,851, or 6.6%, from $43,278 for the six months ended June 30, 2008.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Total Expenses</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our operating expenses decreased $993,589 overall for the six months ended June 30, 2009 compared to $1,145,398 for the six months ended June 30, 2008. The largest contributor to the decrease was the reduction in legal fees as compared to the prior year period.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Net Operating Loss</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We had a net operating loss of $67,047 for the six months ended June 30, 2009, versus a net operating loss of $147,496 for the six months ended June 30, 2008. The decrease in the net operating loss was primarily due to the reduction in legal fees.</FONT></P>
<P align=center>16</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_17"></A>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Interest Expense</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our interest expense decreased 7.7% from $268,395 for the six months ended June 30, 2008, compared to $247,691 for the six months ended June 30, 2009 as a result of the decrease in amounts owed to related parties.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Net Loss</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our net loss for the six months ended June 30, 2009 in the amount $312,170, a decrease of $101,396 from our previous year&#146;s loss of $413,566.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Liquidity and Capital Resources</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate generating sufficient positive internal operating cash flow until such time as we can deliver our product to market, complete additional financial service company acquisitions and generate substantial revenues, which may take the next few years to fully realize. In the event we cannot obtain the necessary financing, we may have to cease or significantly curtail our operations. This would materially impact our ability to continue operations.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The following table summarizes our current assets, liabilities and working capital at June 30, 2009 compared to December 31, 2008.</FONT></P>
<TABLE style="WIDTH: 1142px; HEIGHT: 161px" cellSpacing=0 border=0>
<TR>
     <TD width="30%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="8%"></TD>
     <TD width="2%"></TD>
     <TD width="6%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <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>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">December 31,</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Increase / (Decrease)</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">June 30, 2009</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2008</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">$</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">%</FONT></B></TD></TR>
<TR>
     <TD colSpan=12>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Current Assets</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">120,454</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">15,417</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">105,037</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">681.3</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Current Liabilities</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">7,883,129</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">8,109,615</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(226,486</FONT></TD>
     <TD vAlign=center align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2.8</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Working Capital Deficit</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(7,762,765</FONT></TD>
     <TD vAlign=bottom align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(8,094,198</FONT></TD>
     <TD vAlign=center align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD></TR></TABLE><BR>
<P align=left><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Internal and External Sources of Liquidity</FONT></I></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Cash Flow. </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Since inception, we have primarily financed our cash flow requirements through related party debt transactions. If that source of funding is eliminated it may have a material, adverse affect on our operations. We are currently operating at a loss but with positive cash flow as a result of deferring related party payables and interest payments. Though this has allowed us to currently minimize the deferral of our payables, we continue to depend on this source of financing. Should we lose our ability to defer those payables, without a return to profitability, our cash resources will be limited. In September 2008, we issued our final payment to Active Media pursuant to our 1998 Promissory Note which required quarterly payments in the amount of $25,000. The elimination of this previous recurring debt payment has reduced th
e depletion of our capital resources. On July 1, 2009, we received the initial payment of $750,000 from Callaway Golf Company which was designated to be utilized for ongoing operational costs. We expect the proceeds from this agreement to provide measurable relief on our dependency for related party funding.</FONT></P>
<P align=center>17</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_18"></A>
<P align="left"> <B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Satisfaction of our cash obligations for the next 12 months.</FONT></I></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of June 30, 2009, our cash balance was &#36;98,336. Our plan for satisfying our cash requirements for the next twelve months is through additional related party financing, and/or debt financing. We do not anticipate generating sufficient amounts of positive cash flow to meet our working capital requirements. Consequently, we intend to make appropriate plans to insure sources of additional capital in the future to fund our operations through strategic business relationships and/or additional equity or debt financing.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Given our operating history, predictions of future operating results are difficult to make. Thus, our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their various stages of commercial viability. Such risks include, but are not limited to, an evolving business model and the management of growth. To address these risks we, among other things, plan to continue to modify our business plan, implement and execute our marketing strategy, develop and upgrade our facilities in a response to our competitor&#146;s developments.</FONT></P>
<P align="left"> <B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Expected purchase or sale of plant and significant equipment.</FONT></I></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the agreement entered into on June 19, 2009 with Callaway Golf Company and St. Andrews Golf Shop, we anticipate expending a minimum of &#36;1,250,000 towards improvements to our existing facilities. Further it is our expectation that the total amount spent on these capital improvements will be directly provided by Callaway Golf Company pursuant to our Customer Agreement with them.</FONT></P>
<P align="left"> <B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Going Concern</FONT></I></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of the Company as a going concern. Management intends to use borrowings and security sales to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if and when required will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Off-Balance Sheet Arrangements</FONT></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results or operations, liquidity, capital expenditures or capital resources that is material to investors.</FONT></P>
<P align="center">18</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_19"></A>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Critical Accounting Policies and Estimates</FONT></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Stock-based Compensation: </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In December 2004, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard No. 123 (revised 2004) &#147;Share-Based Payment&#148; (&#147;SFAS 123R), which is a revision of FASB Statement No. 123, Accounting for Stock-Based Compensation. Statement 123(R) supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees, and amends FASB Statement No. 95, Statement of Cash Flows. Generally, the approach in Statement 123R is similar to the approach described in Statement 123. However, Statement 123R requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Related party transactions</FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">: In March 1982, the FASB issued Statement of Financial Accounting Standard 57 (&#147;57&#148;) </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">&#147;Related Party Disclosure&#148;. </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">This Statement establishes requirements for related party disclosures and provides guidance for the disclosures of transactions between related parties.</FONT></P>
<P align="left"> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Recent Accounting Developments</FONT></B></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In June 2009, the FASB issued SFAS No. 168 (&#147;FAS 168&#148;), </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">&#147;The FASB Accounting Standards Codification&#153; and the Hierarchy of Generally Accepted Accounting Principles &#150; a replacement of FASB Statement No. 162&#148;.</FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">FASB Accounting Standards Codification&#153;</FONT></I></P>
<P align="left"> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Codification) will become the source of authoritative U.S. generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (SEC) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. On the effective date of this Statement, the Codification will supersede all then-existing non-SEC accounting and reporting standards. All other non-grandfathered non-SEC accounting literature not included in the Codification will become non-authoritative. As prescribe by the FASB we anticipate adopting FAS 168, for all interim and annual periods ending after September 15, 2009.</FONT></P>
<P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In June 2009, the FASB issued SFAS No. 167 (&#147;FAS 167&#148;), &#147;</FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Amendments to FASB Interpretation No. 46(R)&#148;</FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">. The Board&#146;s objective in issuing this Statement is to improve financial reporting by enterprises involved with variable interest entities. The Board undertook this project to address (1) the effects on certain provisions of FASB Interpretation No. 46 (revised December 2003), </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Consolidation of Variable Interest Entities, </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">as a result of the elimination of the qualifying special-purpose entity concept in FASB Statement No. 166, </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,
serif">Accounting for Transfers of Financial Assets, </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">and (2) constituent concerns about the application of certain key provisions of Interpretation 46(R), including those in which the accounting and disclosures under the Interpretation do not always provide timely and useful information about an enterprise&#146;s involvement in a variable interest entity. This Statement shall be effective as of the beginning of each reporting entity&#146;s first annual reporting period that begins after November 15, 2009, for interim periods within that first annual reporting period, and for interim and annual reporting periods thereafter. As prescribe by the FASB we anticipate adopting FAS 167, for all interim and annual reports subsequent to November 15, 2009.</FONT></P>
<P align="center">19</P>
<HR noshade align="center" width="100%" size=2>
<DIV STYLE="page-break-before: always"></div> <!--$$/page=-->
<A name="page_20"></A>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In June 2009, the FASB issued SFAS No. 166 (&#147;FAS 166&#148;), </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">&#147;Accounting for Transfers of Financial Assets - an amendment to FASB Statement No. 140&#148;. </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Board&#146;s objective in issuing this Statement is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial statements about a transfer of financial assets; the effects of a transfer on its financial position, financial performance, and cash flows; and a transferor&#146;s continuing involvement, if any, in transferred financial assets. The Board undertook this project to address (1) practices that have developed since the issuance of FASB Statement No. 140, </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times Ne
w Roman,Times,serif">Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">that are not consistent with the original intent and key requirements of that Statement and (2) concerns of financial statement users that many of the financial assets (and related obligations) that have been derecognized should continue to be reported in the financial statements of transferors. As prescribe by the FASB we apply the guidance of FAS 166, where applicable effective after our first annual reporting period that begins after November 15, 2009, and to interim periods within that first annual reporting period and for interim and annual reporting periods thereafter.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In May 2009, the FASB issued SFAS No. 165 (&#147;FAS 165&#148;) </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">&#147;Subsequent Events&#148; </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">. The objective of this Statement is to establish general standards of accounting for and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. In particular, this Statement sets forth: 1) The period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, 2) The circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements 3) The disclosures that an entity should make abou
t events or transactions that occurred after the balance sheet date. We have adopted FAS 165 as of June 15, 2009.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of January 1, 2008 we adopted SFAS No. 159, &#147;The Fair Value Option for Financial Assets and Financial Liabilities&#148; (&#147;SFAS No. 159&#148;). SFAS No. 159 allows the company to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. The adoption of SFAS 159 has not had a material impact on our financial position, results of operation or cash flows.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of January 1, 2008 we adopted SFAS No. 157, &#147;Fair Value Measurements&#148; (&#147;SFAS No. 157&#148;). SFAS No. 157 defines fair value and provides guidance for measuring and disclosing fair value. The adoption of SFAS 157 has not had a material impact on our financial position, results of operation or cash flows.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">3. Q</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>UANTITATIVE AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Q</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>UALITATIVE </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">D</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ISCLOSURES ABOUT </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">M</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ARKET </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">R</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times
 New Roman,Times,serif" size=2>ISK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not applicable.</FONT></P>
<P align=center>20</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_21"></A>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">4T. C</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ONTROLS AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>ROCEDURES </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our Chief Executive Officer and Principal Financial officer, Ronald Boreta, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) as of the end of the period covered by this quarterly report on Form 10-Q. Based on this evaluation, our Chief Executive Officer concluded that, as of June 30, 2009, our disclosure controls and procedures are effective in ensuring that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">There were no changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PART II--OTHER INFORMATION</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">1. L</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>EGAL </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>ROCEEDINGS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">There are no legal proceedings in which the Company is involved at this time.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">1A. R</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ISK </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>ACTORS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not required.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2. U</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NREGISTERED </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>ALES OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">E</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>QUITY </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ECURITIES AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">U</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Time
s New Roman,Times,serif" size=2>SE OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ROCEEDS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We did not have any unregistered sales of equity securities during the quarter ended June 30, 2009.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Issuer Purchases of Equity Securities</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We did not repurchase any of our equity securities during the quarter ended June 30, 2009.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">3. D</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>EFAULTS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">U</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>PON </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ENIOR </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times &#13;&#10;New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ECURITIES </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">None.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">4. S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>UBMISSION OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">M</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>ATTERS TO A </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">V</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>OTE OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ECURITY </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">H</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman
,Times,serif" size=2>OLDERS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We did not submit any matters to a vote of our security holders during the second quarter of 2009.</FONT></P>
<P align=center>21</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_22"></A>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="11%"></TD>
     <TD width="53%"></TD>
     <TD width="7%"></TD>
     <TD width="7%"></TD>
     <TD width="7%"></TD>
     <TD width="7%"></TD>
     <TD width="8%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">5. O</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>THER </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>NFORMATION</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B>&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="TimesNewRomanPSMT,Times New Roman,Times,serif">None.</FONT>&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>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TEM </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">6. E</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>XHIBITS</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">.</FONT></B>&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="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=4><B><FONT face="Times New Roman" size=2>Incorporated by reference</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center><B><FONT face="Times New Roman" size=2>Exhibit</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><B><FONT face="Times New Roman" size=2>Filed</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><B><FONT face="Times New Roman" size=2>Period</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>&nbsp;<B><FONT face="Times New Roman" size=2>Exhibit</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></FONT></TD>
     <TD align=center><B><FONT face="Times New Roman" size=2>Filing</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="Times New Roman" size=2>number</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left><B><FONT face="Times New Roman" size=2>Exhibit description</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="Times New Roman" size=2>herewith</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="Times New Roman" size=2>Form</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="Times New Roman" size=2>ending</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><FONT face="Times New Roman" size=2><B><FONT face="Times New Roman" size=2>No.</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="Times New Roman" size=2>date</FONT></B><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>10.1</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Callaway Customer Agreement, dated June 19, 2009</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1><FONT face="Times New Roman" size=2>8</FONT><FONT face="Times New Roman" size=2>-K</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>10.1</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>6/15/09</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=7><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>10.2</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Transfer of Stock of AAGC, dated June 15, 2009</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1><FONT face="Times New Roman" size=2>8</FONT><FONT face="Times New Roman" size=2>-K</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>10.2</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>6/15/09</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=7><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Employment Agreement with John Boreta, dated June</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1><FONT face="Times New Roman" size=2>8</FONT><FONT face="Times New Roman" size=2>-K </FONT></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>10.3</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>6/15/09</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>10.3</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>15, 2009</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Addendum to Employment Agreement with John</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1><FONT face="Times New Roman" size=2>8</FONT><FONT face="Times New Roman" size=2>-K</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>10.4</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>6/15/09</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>10.4</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Boreta, dated June 15, 2009</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=7><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Certification of Chief Executive and Principal</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>31.1</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Financial Officer Pursuant to Section 302 of the</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Sarbanes-Oxley Act of 2002</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>X</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=7><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Certification of Chief Executive and Principal</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="Times New Roman" size=2>32.1</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Financial Officer Pursuant to Section 906 of the</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>Sarbanes-Oxley Act of 2002</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=2>X</FONT><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD></TR></TABLE><BR>
<P align=center>22</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV> <!--$$/page=-->
<A name="page_23"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SIGNATURES</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ALL-AMERICAN SPORTPARK, INC.</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;/s/ Ronald&nbsp;Boreta<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Ronald Boreta, President, Chief Executive Officer,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and Treasurer (On behalf of the Registrant and as</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: August 12, 2009</FONT></P>
<P align=center>23</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 AND PRINCIPAL FINANCIAL OFFICER</FONT></P>
<P align=center><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: August 12, 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</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>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 June 30, 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:&nbsp; </FONT><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>August 12, 2009</FONT></P>
<P align=left><FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>/s/ Ronald S. Boreta</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>Ronald S. Boreta</FONT><BR>
<FONT face="CourierNewPSMT,Courier New,Courier,monospace" size=2>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>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-----
