<SEC-DOCUMENT>0001263279-11-000050.txt : 20110513
<SEC-HEADER>0001263279-11-000050.hdr.sgml : 20110513
<ACCEPTANCE-DATETIME>20110512173925
ACCESSION NUMBER:		0001263279-11-000050
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110331
FILED AS OF DATE:		20110513
DATE AS OF CHANGE:		20110512

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:		11836959

	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
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<TYPE>10-Q
<SEQUENCE>1
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<P style="TEXT-ALIGN: center"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>UNITED STATES</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Washington, D.C. 20549</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>FORM 10-Q</FONT></B></P>
<P style="TEXT-ALIGN: center"><FONT face=Wingdings-Regular,WingDings size=3>x </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>EXCHANGE ACT OF 1934</FONT></P>
<P style="TEXT-ALIGN: center"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>For the quarterly period ended </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>March 31, 2011</FONT></U></P>
<P style="TEXT-ALIGN: center"><FONT face=Wingdings-Regular,WingDings size=3>&#168; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>EXCHANGE ACT OF 1934</FONT></P>
<P style="TEXT-ALIGN: center"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Commission file number </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>000-24970</FONT></U></P>
<P style="TEXT-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" size=3>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" size=3>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 Roman,Times,serif" size=3>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" size=3>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>
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     <TD style="TEXT-INDENT: 36px; BORDER-BOTTOM: #000000 1px solid" align=center width="61%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Nevada</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="38%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>88-0203976</FONT></B>&nbsp;</TD></TR>
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     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State or other jurisdiction of incorporation or organization)</FONT>&nbsp;</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>
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<P style="TEXT-ALIGN: center"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>6730 South Las Vegas Boulevard</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>(702) 798-7777</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Registrant&#146;s telephone number, including area code)</FONT></P>
<P style="TEXT-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. 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 style="TEXT-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). 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 style="TEXT-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>
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     <TD align=left width="68%"><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="31%"><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>
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     <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>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-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 shell company (as defined in Rule 12b-2 of the Exchange Act). Yes </FONT><FONT face="TimesNewRomanPSMT,Times New 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 style="TEXT-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; The number of shares of Common Stock, $ 0.001 par value, outstanding on May 10, 2011 was 4,522,123 shares.</FONT></P>
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     <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 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 Roman,Times,serif" size=2>INC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.</FONT></B></TD></TR>
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     <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 Roman,Times,serif" size=4>10-Q</FONT></B></TD></TR>
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     <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>
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     <TD align=left>&nbsp;</TD>
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     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Page</FONT></B>&nbsp;</TD></TR>
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     <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" size=3>Number</FONT></B>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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 Roman,Times,serif" size=3>I:</FONT></B>&nbsp;</TD>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NFORMATION</FONT></B>&nbsp;</TD>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 1.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Condensed Consolidated Financial Statements</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Condensed Consolidated Balance Sheets at March 31, 2011</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Unaudited) and December 31, 2010,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
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     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1</FONT>&nbsp;</TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Condensed Consolidated Statements of Operations For the Three</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Months Ended March 31, 2011 and 2010 (Unaudited)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>3</FONT>&nbsp;</TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Condensed Consolidated Statements of Cash Flows For the Three</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Months Ended March 31, 2011 and 2010 (Unaudited)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4</FONT>&nbsp;</TD></TR>
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     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Notes to Condensed Consolidated Financial Statements (Unaudited)</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>5</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 2.</FONT></B>&nbsp;</TD>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Management&#146;s Discussion and Analysis of Financial Condition</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>And Results of Operations</FONT>&nbsp;</TD>
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     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>12</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 3.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Quantitative and Qualitative Disclosures about Market Risk</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>19</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 4.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Controls and Procedures</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>20</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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 Roman,Times,serif" size=3>II:</FONT></B>&nbsp;</TD>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 1.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Legal Proceedings</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 1A.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Risk Factors</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 2.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Changes in Securities</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 3.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Defaults Upon Senior Securities</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 4.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Removed and Reserved)</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 5.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Other Information</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Item 6.</FONT></B>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Exhibits</FONT>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21</FONT>&nbsp;</TD></TR>
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     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>IGNATURES</FONT></B>&nbsp;</TD>
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     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>22</FONT>&nbsp;</TD></TR></TABLE></DIV>
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     <TD align=center colSpan=8 rowSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>PART 1 &#150; FINANCIAL INFORMATION</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TATEMENTS</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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 Roman,Times,serif" size=3>-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=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PORT</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ARK</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>, I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>.</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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 Roman,Times,serif" size=3>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" size=3>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" size=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>HEETS</FONT></B></TD></TR>
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<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3 rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>March 31,</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2011</FONT></B></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3 rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>December 31,</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left></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" size=3>(Unaudited)</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Assets</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current assets:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Cash</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>44,253</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>10,647</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Accounts receivable</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>6,401</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>6,421</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Prepaid expenses and other</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" size=3>20,516</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>12,650</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total current assets</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" size=3>71,170</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>29,718</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Property and equipment,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>&nbsp;&nbsp; net of accumulated depreciation of $</FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>663,775 and</FONT></I><BR>
<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>&nbsp;&nbsp; $698,343, </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>706,438</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>729,754</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total Assets</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>777,608</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>759,472</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Liabilities and Stockholders' (Deficit)</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current liabilities:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Accounts payable and accrued expenses</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>158,692</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>198,664</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current portion of notes payable related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,091,052</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,093,177</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current portion due to related parties</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1,377,445</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1,231,696</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current portion of capital lease obligation</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>23,763</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>22,415</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Accrued interest payable - related party</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" size=3>4,243,019</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>4,140,745</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total current liabilities</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" size=3>9,893,971</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>9,686,697</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Long-term liabilities:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Long-term portion of capital lease obligation</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>51,482</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>58,349</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Deferred rent liability</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" size=3>696,145</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>695,048</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total long-term liabilities</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" size=3>747,627</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>753,397</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Stockholders' (deficit):</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left rowSpan=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Preferred stock, Series "B", $0.001 par value, 10,000,000 shares</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>authorized, no shares issued and outstanding</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>as of March 31, 2011 and December 31, 2010, respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></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=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></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><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left rowSpan=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Common stock, $0.001 par value, 50,000,000 shares</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>authorized. 4,522,123 shares issued and outstanding</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>as of March 31, 2011 and December 31, 2010, respectively</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,522</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,522</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></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=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Additional paid-in capital</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>14,387,972</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>14,387,972</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Accumulated (deficit)</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" size=3>(24,467,274</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></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" size=3>(24,282,617</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>&nbsp;Total All-American SportPark, Inc. stockholders' </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(deficit)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(10,074,780</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(9,890,123</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P align=center>1</P>
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<DIV align=center>
<TABLE style="WIDTH: 842px; HEIGHT: 89px" 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="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Noncontrolling interest in net assets of subsidiary</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" size=3>210,790</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>209,501</FONT></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" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' deficit</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(9,863,990</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(9,680,622</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total Liabilities and Stockholders' (Deficit)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>777,608</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>759,472</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: center"><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>2</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=-->
<A name="page_5"></A><BR>
<P style="TEXT-ALIGN: center"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>ALL-AMERICAN SPORTPARK, INC.<BR>
</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Unaudited)</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 727px; HEIGHT: 878px" cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=5><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>For the Three Months Ending</FONT></B></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=5><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>March 31, 2011</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <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" size=3>2011</FONT></B></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2010</FONT></B></TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Revenue</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>449,973</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>489,024</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Revenue - related party</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" size=3>39,312</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>39,312</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total revenue</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" size=3>489,285</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>528,336</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Cost of revenue</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" size=3>193,162</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>158,815</FONT></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" size=3>Gross profit</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" size=3>296,123</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>369,521</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Expenses:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>General and administrative expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>329,930</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>423,333</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Depreciation and amortization</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" size=3>26,121</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>15,443</FONT></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" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses</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" size=3>356,051</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>438,776</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Loss from operations</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(59,928</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(69,255</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Other income (expense):</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Interest expense</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(123,293</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(111,320</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 7px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Other income (expense)</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" size=3>(147</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></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" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 19px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>&nbsp;&nbsp; Total other income (expense)</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" size=3>(123,440</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></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" size=3>(111,320</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net loss before provision for income tax</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(183,368</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(180,575</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Provision for income tax expense</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" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(183,368</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(180,575</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net income attributable to noncontrolling </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>interest</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1,289</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,659</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss) attributable to All-American Sport </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Park, Inc.</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(184,657</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(185,234</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss) per share-basic and fully diluted</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(0.04</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(0.05</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=8>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Weighted average number of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>common shares outstanding<BR>
- basic and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>fully diluted</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,522,123</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>3,570,000</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: center"><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>3</P>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

<!--$$/page=-->
<A name="page_6"></A><BR>
<P style="TEXT-ALIGN: center"><B><FONT face="Times New Roman" size=3>ALL-AMERICAN SPORTPARK, INC.</FONT></B><BR>
<B><FONT face="Times New Roman" size=3>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></B><BR>
<B><FONT face="Times New Roman" size=3>(Unaudited)</FONT></B></P>
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     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=center colSpan=7 rowSpan=2><B><FONT face="Times New Roman" size=3>For the Three Months Ending</FONT></B><BR>
<B><FONT face="Times New Roman" size=3>March 31,</FONT></B> </TD></TR>
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     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3><FONT face="Times New Roman" size=3></FONT><B><FONT face="Times New Roman" size=3>2011</FONT></B> <FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3><FONT face="Times New Roman" size=3></FONT><B><FONT face="Times New Roman" size=3>2010</FONT></B> <FONT face="Times New Roman" size=3></FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="Times New Roman" size=3>Cash flows from operating activities</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD align=left><FONT face="Times New Roman" size=3>Net (loss)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(183,368</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(180,575</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Adjustments to reconcile net (loss) to</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>net cash (used) in operating activities:</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Depreciation expense</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>26,121</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>15,443</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD align=left><FONT face="Times New Roman" size=3>Changes in operating assets and liabilities:</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Accounts receivable</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>20</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(17,481</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Prepaid expenses and other</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(7,866</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>12,026</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Bank overdraft</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>-</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>-</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Accounts payable and accrued expenses</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(39,972</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>36,955</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Deferred rent liability</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>1,097</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>1,093</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 6px" align=left><FONT face="Times New Roman" size=3>Accrued interest payable - related party</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>102,274</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>100,393</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Net cash (used) by operating activities</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(101,694</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(29,146</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="Times New Roman" size=3>Cash flows from investing activities</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Purchase of property and equipment</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(2,805</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(26,432</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Net cash used by operating activities</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(2,805</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(26,432</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="Times New Roman" size=3>Cash flows from financing activities</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Proceeds (payments) from related parties</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>145,749</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(3,389</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Payments on capital lease obligation</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(5,519</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(2,612</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Payments on notes payable - related party</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(2,124</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(1,850</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Net cash provided (used) by financing activities</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>138,105</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>(7,851</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>))</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Net increase (decrease) in cash</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>33,605</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>(63,429</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>)</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Cash - beginning</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>10,647</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>272,750</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Cash - ending</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>44,253</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>209,322</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Supplemental disclosures:</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Interest paid</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>140</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>256</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Income taxes paid</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>Schedule of non-cash investing and financing activities</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="Times New Roman" size=3>Assumption of capital lease obligation</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>99,000</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: center"><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>4</P>
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<P style="TEXT-ALIGN: center"><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 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 Roman,Times,serif" size=2>NC</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>.<BR>
</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>N</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>OTES TO </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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 Roman,Times,serif" size=3>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" size=3>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" size=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>TATEMENTS<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Unaudited)</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 1 &#150; Basis of presentation</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 year ended December 31, 2010 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 style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Results of operations for the interim periods may not be indicative of annual results.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Certain reclassifications have been made in prior periods&#146; financial statements to conform to classifications used in the current period.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 2 &#150; Going concern</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of March 31, 2011, we had an accumulated deficit of $24,467,274. In addition, the Company&#146;s current liabilities exceed its current assets by $9,822,801 as of March 31, 2011. 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 transactions 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=center>5</P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 3 &#150; Recent accounting Policies</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In January 2010, the FASB issued ASU No. 2010-06 regarding fair value measurements and disclosures and improvement in the disclosure about fair value measurements. This ASU requires additional disclosures regarding significant transfers in and out of Levels 1 and 2 of fair value measurements, including a description of the reasons for the transfers. Further, this ASU requires additional disclosures for the activity in Level 3 fair value measurements, requiring presentation of information about purchases, sales, issuances, and settlements in the reconciliation for fair value measurements. This ASU is effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. The adoption of this ASU did not have a material impact on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In July 2010, the FASB issued ASU No. 2010-20, Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses. This ASU amends FASB Accounting Standards Codification Topic 310, Receivables, improving the disclosures that an entity provides about the credit quality of its receivables and the related allowance for credit losses. As a result of these amendments, an entity is required to separate, by segment or class of financing receivables, certain disclosures and provide certain new disclosures receivables and related credit losses. This ASU is effective for interim and annual reporting periods ending on or after December 15, 2010. The adoption did not have a material effect on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On December 21, 2010, the FASB issued Accounting Standards Update (&#147;ASU&#148;) 2010-29, which impacts any public entity that enters into business combinations that are material on an individual or aggregate basis. This ASU provides that if a public entity presents comparative financial statements, the entity should disclose revenues and earnings of the combined entity as if the business that occurred had occurred at the beginning of the prior annual period when preparing current and prior year reporting. The guidance also requires that a narrative description regarding the nature and amount of material that is nonrecurring, be included in reporting revenues and earnings. This guidance is effective for business combinations consummated in periods beginning after December 15, 2010. The adoption of this guidance did not have a material impact on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 4 &#150; Noncontrolling interest</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Noncontrolling interest represents the minority stockholders&#146; proportionate share of the equity of AAGC. At March 31, 2011, 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. The 49% equity interest that is not owned by us is shown as &#147;Noncontrolling interest in consolidated subsidiary&#148; in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. As of March 31, 2011, St. Andrews Golf Shop, our minority interest partner and a related party (see Note 6) held a $17,571 interest in the net asset value of our subsidiary AAGC and a $193,219 interest in the net income from operations of AAGC.</FONT></P>
<P align=center>6</P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 5 &#150; Related party transactions</FONT></B><BR>
<BR>
<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Due to related parties</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The Company&#146;s employees provide administrative/accounting support for (a) three golf retail stores, one of which is named Saint Andrews Golf Shop ("SAGS") and the other two are Las Vegas Golf and Tennis ("District Store") and the Las Vegas Golf and Tennis Superstore (&#147;Westside&#148;), owned by the Company's President and his brother, and (c) Sports Entertainment Enterprises, Inc. until February 2005. One of the SAGS stores is the retail tenant in the CGC.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Administrative/accounting payroll and employee benefits expenses are allocated based on an annual review of the personnel time expended for each entity. Amounts allocated to these related parties by the Company approximated $20,648 and $20,500 for the three months ended March 31, 2011 and 2010, respectively. The Company records this allocation by reducing the related expenses and allocating them to the related parties.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In addition to the administrative/accounting support provided by the Company to the above stores, the Company received funding for operations from these and various other stores owned by the Company&#146;s President, his brother, and Chairman. These funds helped pay for office supplies, phone charges, postages, and salaries. The net amount due to these stores totaled $1,377,445 and $1,231,696 as of March 31, 2011 and December 31, 2010, respectively. The amounts are non-interest bearing and due out of available cash flows of the Company. Additionally, the Company has the right to offset the administrative/accounting support against the funds received from these stores.</FONT></P>
<P align=center>7</P>
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<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Notes and Interest Payable to Related Parties:</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The Company has various notes and interest payable to the following entities as of March 31, 2011 and December 31, 2010, respectively:</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 776px; HEIGHT: 394px" 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></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>&nbsp;&nbsp;&nbsp;&nbsp; 2011</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>&nbsp;&nbsp;&nbsp;&nbsp; 2010</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Various notes payable to the Paradise Store</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>bearing 10% per annum and due on demand </FONT></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></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>3,200,149</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>3,200,149</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Note payable to BE Holdings 1, LLC,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>owned by the chairman of the board,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>bearing 10% per annum and due on demand</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></TR>
<TR vAlign=bottom>
     <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></TR>
<TR vAlign=bottom>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>100,000</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>100,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Various notes payable to SAGS, bearing 10%</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>per annum and due on demand</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></TR>
<TR vAlign=bottom>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>630,846</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>630, 846</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Various notes payable to the District Store,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>bearing 10% per annum and due on demand</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></TR>
<TR vAlign=bottom>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>85,000</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>85,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Note payable to BE, III bearing 10% per annum</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>And due on demand</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></TR>
<TR vAlign=bottom>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>75,000</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>75,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Note payable to SAGS for phone system,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>payable in monthly payments of $457 through </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2011</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>57</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2,182</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=6>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right>&nbsp;$</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,091,052</FONT>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,093,177</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>All maturities of related party notes payable and the related accrued interest payable as of March 30, 2010 are due and payable upon demand. At March 31, 2011, the Company has no loans or other obligations with restrictive debt or similar covenants.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On June 15, 2009, the Company entered into a &#147;Stock Transfer Agreement&#148; with St. Andrews Golf, 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 $600,000 on the Company&#146;s outstanding loan due to St. Andrews Golf Shop, Ltd. In March 2009, the Company 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 $ 600,000.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of March 31, 2011 and December 31, 2010, accrued interest payable - related parties related to the notes payable &#150; related parties totaled $4,243,019 and $4,140,745, respectively.</FONT></P>
<P align=center>8</P>
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<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Lease to SAGS</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The Company subleases space in the clubhouse to SAGS. Base rent includes $13,104 per month through July 2012 with a 5% increase for each of two 5-year options to extend in July 2012 and July 2017. For the three months ended March 31, 2011 and 2010, the Company recognized rental income totaling $39,312 and $39,312 respectively.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 7 &#150; Commitments</FONT></B></P>
<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Lease agreements</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The land underlying the CGC is leased under an operating lease that expires in 2012 and has two five-year renewal options. In March 2006, the Company exercised the first of two options, extending the lease to 2018. Also, the lease has a provision for contingent rent to be paid by AAGC upon reaching certain levels of gross revenues. The Company recognizes the minimum rental expense on a straight-line basis over the term of the lease, which includes the two five year renewal options.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>At March 31, 2011, minimum future lease payments under non-cancelable operating leases are as follows:</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 257px; HEIGHT: 206px" cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="34%"></TD>
     <TD width="2%"></TD>
     <TD width="29%"></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>2011</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>361,255</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>2012</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>529,840</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>2013</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>529,840</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>2014</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>529,840</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>2015</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3>529,840</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=right><FONT face="Times New Roman" size=3>Thereafter</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=right><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>3,805,219</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=4><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=left><FONT face="Times New Roman" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="Times New Roman" size=3>6,285,834</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total rent expense for this operating lease was $121,515 and $121,515 for the three months ended March 31, 2011 and 2010.</FONT></P>
<P align=center>9</P>
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<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Capital Lease</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The company entered into a capital lease for new Club Car gas powered golf carts. The lease is 47 months in length and started on March 1, 2010. The company realizes $2,620 a month in interest expense related to the lease.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The following is a schedule by year of future principal payments required under this lease agreement.</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 288px; HEIGHT: 164px" cellSpacing=0 border=0>
<TR>
     <TD width="10%"></TD>
     <TD width="38%"></TD>
     <TD width="2%"></TD>
     <TD width="22%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2011</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>17,560</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2012</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>25,941</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2013</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>29,157</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2014</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" size=3>2,587</FONT>&nbsp;</TD></TR>
<TR>
     <TD></TD>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>75,245</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Accumulated depreciation for the Capital Lease as of March 31, 2011 and December 31, 2010 is $27,383 and $15,623respectively.</FONT></P>
<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Customer Agreement</FONT></I></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On June 19, 2009, the Company entered into a &#147;Customer Agreement&#148; with Callaway Golf Company (&#147;Callaway&#148;) and St. Andrews Golf Shop, Ltd. (&#147;SAGS&#148;) through our majority owned subsidiary AAGC. Pursuant to this agreement, AAGC shall expend an amount equal to or exceeding $250,000 for marketing and promotion of Callaway 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. Additionally, pursuant to the Customer Agreement AAGC has expended amounts to improve both its range facility as well as the golfing center. These improvements include Callaway Golf&#174; branding elements. Callaway 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 of AAGC; 2) $750,000 towards facility improvements for both AAGC and St. Andrews Golf Shop; 3) $500,000 in range landing area improvements of AAGC and 4) three payments each of $250,000 for annual advertising expenses paid by AAGC, which will be repaid in golf merchandise to SAGS. AAGC will then be reimbursed by SAGS for AAGC&#146;s expenditures in advertising as incurred. Due to the fact that SAGS is a related party, the Company is also considered a customer of Callaway as it relates to the Customer Agreement. As a result, we recognized the contributions from Callaway as follows:</FONT></P>
<UL>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Contribution of operating expenses totaling $750,000 (received July 2009) was treated as</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>a reduction of operating expenses and therefore reduced our &#147;General and administrative&#148; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>expense by that amount.</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Contribution of range and other facility improvements totaling $554,552 were recorded</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>as a reduction of the costs for those improvements. The contributions, which were made </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>directly by Callaway to the applicable contractors and vendors completing the work, were </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>exactly equal to the costs and therefore, no value as been recorded for these</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>improvements.</FONT> </LI></UL>
<P align=center>10</P>
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<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The annual payments for advertising began in 2010 and will continue as long as Callaway, AAGC and SAGS agree to maintain the agreement through the term of the Customer Agreement in December 2018. Such contributions from Callaway of up to $250,000 annually will be recorded as a reduction of the Company&#146;s costs for the related advertising. Additionally, the contributions are to be paid to SAGS in the form of golf related products. SAGS will then reimburse AAGC in monies as the related golf products are received. During the three ending March 30, 2011 and 2010, SAGS reimbursed AAGC $66,001 and $0, respectively.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 8 &#150; Stockholders' deficit</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>We are authorized to issue 5,000,000 shares of $0.001 par value preferred stock and 10,000,000 shares of $0.001 par value common stock.</FONT></P>
<P style="TEXT-ALIGN: left"><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Preferred stock</FONT></U></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of March 31, 2011, we had no preferred shares issued and outstanding.</FONT></P>
<P style="TEXT-ALIGN: left"><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Common stock</FONT></U></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of March 31, 2011, we had 4,522,123 shares of our $0.001 par value common stock issued and outstanding. We had no new issuances during the period ended March 31, 2011.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Note 9 &#150; Subsequent events</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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>11</P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>&#146;</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>S </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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 Roman,Times,serif" size=3>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" size=3>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" size=3>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" size=3>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 Roman,Times,serif" size=3>.</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Forward-Looking Statements</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 affecting these risks and uncertainties include, but are not limited to:</FONT></P>
<UL>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>increased competitive pressures from existing competitors and new entrants;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>deterioration in general or regional economic conditions;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>adverse state or federal legislation or regulation that increases the costs of compliance, or </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>adverse findings by a regulator with respect to existing operations;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>loss of customers or sales weakness;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>inability to achieve future sales levels or other operating results;</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>the inability of management to effectively implement our strategies and business plans; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>and</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>the other risks and uncertainties detailed in this report.</FONT> </LI></UL>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Overview of Current Operations</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On June 19, 2009, the Company entered into a &#147;Customer Agreement&#148; with Callaway Golf Company (&#147;Callaway&#148;) and St. Andrews Golf Shop, Ltd. (&#147;SAGS&#148;) through our majority owned subsidiary AAGC. Pursuant to this agreement, AAGC shall expend an amount equal to or exceeding $250,000 for marketing and promotion of Callaway for a period of approximately three and one half years with an automatic extension to December 31, 2018 unless written notice</FONT></P>
<P align=center>12</P>
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<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>of termination is received by November 2013. Additionally, pursuant to the Customer Agreement AAGC has expended amounts to improve both its range facility as well as the golfing center. These improvements include Callaway Golf&#174; branding elements. Callaway 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 of AAGC; 2) $750,000 towards facility improvements for both AAGC and St. Andrews Golf Shop; 3) $500,000 in range landing area improvements of AAGC and 4) three payments each of $250,000 for annual advertising expenses paid by AAGC, which will be repaid in golf merchandise to SAGS. AAGC will then be reimbursed by SAGS for AAGC&#146;s expenditures in advertising as incurred. Due to the fact that SAGS is a related party, the Company is also considered a customer of Callaway as it relates to the Customer Agreement. As a result, we recognized the contributions from Callaway as follows:</FONT></P>
<UL>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Contribution of operating expenses totaling $750,000 (received July 2009) was treated as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>a reduction of operating expenses and therefore reduced our &#147;General and administrative&#148; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>expense by that amount.</FONT>
<LI><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Contribution of range and other facility improvements totaling $554,552 were recorded </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>as a reduction of the costs for those improvements. The contributions, which were made </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>directly by Callaway to the applicable contractors and vendors completing the work, were </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>exactly equal to the costs and therefore, no value as been recorded for these </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>improvements.</FONT> </LI></UL>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The annual payments for advertising began in 2010 and will continue as long as Callaway, AAGC and SAGS agree to maintain the agreement through the term of the Customer Agreement in December 2018. Such contributions from Callaway of up to $250,000 annually will be recorded as a reduction of the Company&#146;s costs for the related advertising. Additionally, the contributions are to be paid to SAGS in the form of golf related products. SAGS will then reimburse AAGC in the form of monies as the as the related golf products are received.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On January 25, 2011, The 305 Group leased the restaurant lease at the Callaway Golf Center. They have renamed the restaurant The Upper Deck Grill and Sports Lounge. The tenant remodeled the entire restaurant space and opened to the public on April 28, 2011. They now offer fresh made foods for the restaurant and bar. The tenant will pay $4,000 a month in rent increasing by 4% each month and potential percentage rent could be paid if the tenant's sales reach certain levels.</FONT></P>
<P align=center>13</P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Results of Operations for the three months ended March 30, 2011 and 2010 compared.</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The following tables summarize selected items from the statement of operations for the three months ended March 30, 2011 compared to the three months ended March 30, 2010.</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 725px; HEIGHT: 374px" cellSpacing=0 border=0>
<TR vAlign=bottom>
     <TD align=left width="35%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>INCOME:</FONT></B>&nbsp;</TD>
     <TD align=left width="2%">&nbsp;</TD>
     <TD align=left width="13%">&nbsp;</TD>
     <TD align=right width="2%"></TD>
     <TD align=right width="2%">&nbsp;</TD>
     <TD align=left width="13%">&nbsp;</TD>
     <TD align=left width="2%"></TD>
     <TD align=left width="2%">&nbsp;</TD>
     <TD align=left width="10%">&nbsp;</TD>
     <TD align=left width="2%">&nbsp;</TD>
     <TD align=left width="2%"></TD>
     <TD align=left width="10%">&nbsp;</TD>
     <TD align=left width="3%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=4 rowSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>For the three months</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>ended</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>March 30,</FONT></B></TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=5><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Increase (Decrease)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&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><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2011</FONT></B></TD>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3></FONT></B></TD>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3></FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2010</FONT></B></TD>
     <TD align=left></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" size=3>$</FONT></B></TD>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3></FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>%</FONT></B></TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Revenue</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>449,973</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>489,024</FONT></TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(39,051</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(7.99</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Revenue &#150; Related Party</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>39,312</FONT></TD>
     <TD align=right></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>39,312</FONT></TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>-</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>-</FONT></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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" size=3>193,162</FONT></TD>
     <TD align=right></TD>
     <TD align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>158,815</FONT></TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>34,347</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>21.63</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT></TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Gross Profit</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>296,123</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>369,521</FONT></TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(73,398</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(19.86</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT></TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Gross Profit Percentage of Sales</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>61<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT></FONT></TD>
     <TD align=right></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>70<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT></FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=13>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Revenue</FONT></B>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Our revenue for the three months ended March 31, 2011 was $449,973 compared to revenue of $489,024 in the three months ended March 31, 2010, a decrease of $39,051, or 7.99% from the same three-month period in the previous year. Revenues were slightly down during the first quarter of the year due to a drop in rounds of golf and a very cold first month of the year. Additionally, we have been participating in a Groupon&#174; advertising program that offered customers discounted play at the CGC which could be used over a six-month period. However, the revenue from the sales of these packages is deferred until the end of the promotion. The November 11, 2010 promotion ends May 11, 2011 and the January 27, 2011 promotion will end on July 27, 2011. Our expected revenue from these two promotions will be approximately $35,000.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Revenue from a related party was $39,312 for each of the three months ended March 31, 2011 and 2010..</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Cost of sales/Gross profit percentage of sales</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 March 31, 2011 was $193,162, an increase of $34,347, or 21.63% from $158,815 for the same three month period ending March 31, 2010. Our costs increased in the first quarter of 2011 due to the commissions paid to Groupon&#174; for participation in their promotions.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Gross profit as a percentage of sales decreased from 70% for the three months ended March 31, 2010 to 66% for the three months ended March 31, 2011. The reduction in the gross profit percentage was primarily due to the Groupon&#174; commissions that we incurred for advertising in 2011.</FONT></P>
<P align=center>14</P>
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<TABLE style="WIDTH: 890px; HEIGHT: 606px" cellSpacing=0 border=0>
<TR>
     <TD width="36%"></TD>
     <TD width="2%"></TD>
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     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></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></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>EXPENSES:</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center colSpan=5 rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>For the Three Months Ending</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>March 31,</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=center colSpan=5><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Increase (Decrease)</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" size=3>2011</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2010</FONT></B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Amount</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Amount</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>$</FONT></B></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>%</FONT></B></TD></TR>
<TR>
     <TD colSpan=14>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Expenses:</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></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" size=3>General and administrative </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>expenses</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>329,930</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>423,333</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(93,403</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(22.06</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Depreciation and amortization</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" size=3>26,121</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>15,443</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>10,678</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>69.14</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total expenses</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" size=3>356,051</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></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" size=3>438,776</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(82,725</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(18.85</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=14>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net operating (loss)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(59,928</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(69,255</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>9,327</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>13.47</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Other income (expense):</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Interest expense</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(123,293</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(111,320</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(11,973</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(10.76</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Other income (expense)</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" size=3>(147</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></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" size=3>-</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(147</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(100</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 6px" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Total other income (expense)</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" size=3>(123,440</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></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" size=3>(111,320</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(12,120</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(10.89</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=14>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(183,368</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(180,575</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(2,793</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(1.55</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net income attributable to</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>noncontrolling interest</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1,289</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>4,659</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(3,370</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>72.33</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss) attributable to All-</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>American Sport Park, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(184,657</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(185,234</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>577</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>0.31</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Net (loss) per share &#150; basic and</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>fully diluted</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(0.04</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(0.05</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P align=center>15</P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>General and Administrative Expenses</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>General and administrative expenses for the three months ended March 31, 2011 were $329,930, a decrease of $93,403 or 22.06%, from $423,333 for the three months ended March 31, 2010. Although the overall expenses related to AAGC are down, the cost of maintaining a public company remain steady, with public company expenses being approximately $50,000 a year. AAGC&#146;s expenses were down this year due to a cut in spending across the board. Although fixed expenses remain steady, the general expenses with flexibility were all down over the prior three month period.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Depreciation expense</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Depreciation and amortization expenses for the three months ended March 31, 2011 were $26,121, an increase of $10,678, or 69.14%, from $15,443 for the three months ended March 31, 2010. The increase was a result of the addition of several fixed assets in February and March 2010 which have resulted in an overall increase to depreciation since that time.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Total expenses</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Our overall operating expenses decreased with expenses totaling $356,051 for the three months ended March 31, 2011 compared to $438,776 for the three months ended March 31, 2010. The decrease in total expenses was $82,725 or 18.85% and was due to the fact that we made a payment in January 2010 for the contract services of our former landscaping company. Those services are now handled in-house resulting in savings of approximately $34,000 a month.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Loss from operations</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>We had a net loss from operations in the amount of $59,928 for the three months ended March 31, 2011 versus a net loss from operations of $69,255 for the three months ended March 31, 2010 a decrease of $9,327 or $13.47%. This decreased net loss was primarily due to deferred income from this quarter that will be realized second quarter 2011.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Interest Expense</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Our interest expense increased 10.76% from $111,320 for the three months ended March 31, 2010 to $123,293 for the three months ended March 31, 2011. The increase of our interest expense is directly related to of the notes held by related parties</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Net Loss</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Our net loss for the three months ended March 31, 2011 was $183,368 (before noncontrolling interest) as compared with net loss of $180,575 for the same period in 2010. This is an increase of $2,793 or 1.55% over the same period in 2010.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Further, the net income attributable to noncontrolling interest for the first quarter of 2011 was $1,289 as compared to $4,659 for the same period in 2010. That combined with the net loss</FONT></P>
<P align=center>16</P>
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<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>makes the net loss attributable to All-American Sport Park $184,657 for 2011 a decrease of $577 over 2010 or .31%.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Liquidity and Capital Resources</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The following table summarizes our current assets, liabilities, and working capital at March 31, 2011 compared to December 31, 2010.</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 672px; HEIGHT: 166px" cellSpacing=0 border=0>
<TR>
     <TD width="25%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="2%"></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=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3 rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>March 31,</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2011</FONT></B></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=3 rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>December 31,</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>2010</FONT></B></TD>
     <TD align=left></TD>
     <TD align=right colSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Increase / (Decrease)</FONT></B></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>$</FONT></B></TD>
     <TD align=left></TD>
     <TD style="TEXT-INDENT: 3px; BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>%</FONT></B></TD></TR>
<TR>
     <TD colSpan=14>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current Assets</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>71,170</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>29,718</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>41,452</FONT></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>139.48</FONT></TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Current Liabilities</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>9,893,371</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>9,680,622</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(212,749</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2.20</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Working Capital Deficit</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="Times New Roman" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(9,822,201</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(9,656,904</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(165,297</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>)</FONT>&nbsp;</TD>
     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>1.71</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>%</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="TEXT-ALIGN: left"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif" size=3>Internal and External Sources of Liquidity</FONT></I></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Cash Flow. </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 effect on our operations. We are currently operating at a loss but with positive cash flow because 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.</FONT></P>
<P style="TEXT-ALIGN: left"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif" size=3>Satisfaction of our cash obligations for the next 12 months.</FONT></I></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of March 31, 2011, our cash balance was $44,253. Our plan for satisfying our cash requirements for the next twelve months is by relying less on-related party financing and using the funds available through our Callaway Golf agreement to help with any cash flow deficiencies. Because we have not anticipated generating sufficient amounts of positive cash flow to meet our working capital requirements, we have secured a customer agreement with Callaway Golf that will add additional capital to help fund our operations.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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</FONT></P>
<P align=center>17</P>
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<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif" size=3>Going Concern</FONT></I></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Off-Balance Sheet Arrangements</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Critical Accounting Policies and Estimates</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Stock-based Compensation: </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In accordance with accounting standards concerning Stock-based Compensation, the company accounts for all compensation related to stock, options or warrants using a fair value based method in which compensation cost is measured at the grant date based on the value of the award and is recognized over the service period. The Company uses the Black-Scholes pricing model to calculate the fair market value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued on the date of the related agreement and using the market price of the stock.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Related party transactions</FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>: In accordance with accounting standards concerning related party transactions, there now are established requirements for related party disclosures and the policy provides guidance for the disclosures of transactions between related parties.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Subsequent events: </FONT></I><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In accordance with accounting standards concerning subsequent events, states that a company is not required to disclose the date through with subsequent events have been evaluated. The adoption of this ASU did not have a material impact on our consolidated financial statements.</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Recent Accounting Developments</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The FASB Accounting Standards Codification is the single official source of authoritative, nongovernmental, U.S. GAAP, in addition to guidance issued by the Securities and Exchange Commission. This codification is designed to simplify U.S. GAAP into a single, topically ordered structure.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In January 2010, the FASB issued ASU No. 2010-06 regarding fair value measurements and disclosures and improvement in the disclosure about fair value measurements. This ASU requires additional disclosures regarding significant transfers in and out of Levels 1 and 2 of fair value measurements, including a description of the reasons for the transfers. Further, this ASU requires additional disclosures for the activity in Level 3 fair value measurements, requiring presentation of information about purchases, sales, issuances, and settlements in the reconciliation for fair value measurements. This ASU is effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. We are currently evaluating the impact of this ASU; however, we do not expect the adoption of this ASU to have a material impact on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>In July 2010, the FASB issued ASU No. 2010-20, Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses. This ASU amends FASB Accounting Standards Codification Topic 310, Receivables, improving the disclosures that an entity provides about the credit quality of its receivables and the related allowance for credit losses. As a result of these amendments, an entity is required to separate, by segment or class of financing receivables, certain disclosures and provide certain new disclosures receivables and related credit losses. This ASU is effective for interim and annual reporting periods ending on or after December 15, 2010. The adoption of this ASU did not have a material effect on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>On December 21, 2010, the FASB issued ASU 2010-29, which impacts any public entity that enters into business combinations that are material on an individual or aggregate basis. This ASU provides that if a public entity presents comparative financial statements, the entity should disclose revenues and earnings of the combined entity as if the business that occurred had occurred at the beginning of the prior annual period when preparing current and prior year reporting. The guidance also requires that a narrative description regarding the nature and amount of material that is nonrecurring, be included in reporting revenues and earnings. This guidance is effective for business combinations consummated in periods beginning after December 15, 2010. We do not believe the adoption of this guidance will have a material impact on our consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>ITEM 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" size=3>Q</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>UALITATIVE </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>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" size=3>.</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Not applicable.</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>4. 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" size=3>P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ROCEDURES </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>.</FONT></B></P>
<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Evaluation of Disclosure Controls and Procedures</FONT></I></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#146;s rules and forms, and that such information is accumulated and communicated to the Company&#146;s management, including its Chief Executive Officer and Principal Financial Officer to allow timely decisions regarding required financial disclosure.</FONT></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>As of the end of the period covered by this report, the Company&#146;s management carried out an evaluation, under the supervision of and with the participation of the Chief Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Exchange Act). Based upon that evaluation, the Company&#146;s Chief Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report, to provide reasonable assurance that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, completely and accurately, within the time periods specified in SEC rules and forms because a transaction was not properly recorded in order for the Company&#146;s financial statements to be prepared in accordance with generally accepted accounting principles, as discussed below .</FONT></P>
<P style="TEXT-ALIGN: left"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=3>Changes in Internal Control over Financial Reporting</FONT></I></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>There were no changes in internal control over financial reporting that occurred during the first quarter of the fiscal year covered by this report that have materially affected, or are reasonably likely to affect, the Company&#146;s internal control over financial reporting.</FONT></P>
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<P style="TEXT-ALIGN: center"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>PART II--OTHER INFORMATION</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>P</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ROCEEDINGS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>.</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>There are no legal proceedings in which the Company is involved at this time.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>F</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ACTORS </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>.</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Not required.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>S </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ALES OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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 Roman,Times,serif" size=3>U</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SE OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>.</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>We did not have any unregistered sales of equity securities during the quarter ended </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>March 31, 2011 that have not been reported in a Current Report on Form 8-K.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>Issuer Purchases of Equity Securities</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>We did not repurchase any of our equity securities during the quarter ended March 31, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>2011.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>U</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>PON </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>S</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ENIOR </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>.</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>None.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>4. (R</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>EMOVED AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>R</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ESERVED</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>)</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>I</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NFORMATION </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>.</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>None.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>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" size=3>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" size=3>.</FONT></B></P>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center colSpan=2><B><FONT face="Times New Roman" size=3>Incorporated by reference</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
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     <TD align=center><B><FONT face="Times New Roman" size=3>Exhibit</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
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     <TD align=center><B><FONT face="Times New Roman" size=3>Filed</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
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     <TD align=center><B><FONT face="Times New Roman" size=3>Period</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=center><B><FONT face="Times New Roman" size=3>Exhibit</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=center><B><FONT face="Times New Roman" size=3>Filing</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>Number</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT face="Times New Roman" size=3>Exhibit description</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>herewith</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>Form</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>ending</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>No.</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT face="Times New Roman" size=3>date</FONT></B><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD></TR>
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     <TD vAlign=top align=center rowSpan=2><FONT face="Times New Roman" size=3>31.1</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD vAlign=top align=left rowSpan=3><FONT face="Times New Roman" size=3>Certification of Chief Executive and Principal</FONT><FONT face="Times New Roman" size=3></FONT><BR>
<FONT face="Times New Roman" size=3>Financial Officer Pursuant to Section 302 of the</FONT><FONT face="Times New Roman" size=3></FONT><BR>
<FONT face="Times New Roman" size=3>Sarbanes-Oxley Act of 2002</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=3>&nbsp;<FONT face="Times New Roman" size=3>X</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></FONT></TD>
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     <TD vAlign=top align=center rowSpan=2><FONT face="Times New Roman" size=3>32.1</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD vAlign=top align=left rowSpan=3><FONT face="Times New Roman" size=3>Certification of Chief Executive and Principal Financial</FONT><FONT face="Times New Roman" size=3></FONT><BR>
<FONT face="Times New Roman" size=3>Officer Pursuant to Section 906 of the Sarbanes-Oxley</FONT><FONT face="Times New Roman" size=3></FONT><BR>
<FONT face="Times New Roman" size=3>Act of 2002</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></TD>
     <TD align=center><FONT face="Times New Roman" size=3>&nbsp;<FONT face="Times New Roman" size=3>X</FONT><FONT face="Times New Roman" size=3>&nbsp;</FONT></FONT></TD>
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<P style="TEXT-ALIGN: center"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>SIGNATURES</FONT></B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>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 style="TEXT-ALIGN: center"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=3>ALL-AMERICAN SPORTPARK, INC.</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>(Registrant)</FONT></P>
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     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Date: May 12, 2011</FONT>&nbsp;</TD>
     <TD align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>By:</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT face="Times New Roman" size=3>/s/ Ronald Boreta</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 0px" vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Ronald Boreta, President, Chief Executive Officer, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>and Treasurer (On behalf of the Registrant and as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=3>Principal Financial Officer)</FONT>&nbsp;</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">EXHIBIT 31</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">CERTIFICATION OF CHIEF EXECUTIVE OFFICER</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">AND PRINCIPAL FINANCIAL OFFICER</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; I, Ronald Boreta, certify that:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp; I have reviewed this Annual Report on Form 10-Q of All-American SportPark, Inc.;</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; 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 style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; 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 style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp;&nbsp;&nbsp;&nbsp; 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 style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; 4.&nbsp;&nbsp;&nbsp;&nbsp; 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>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; 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>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; 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 style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure </FONT>


<FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; 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>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; 5.&nbsp;&nbsp;&nbsp;&nbsp; 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>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; 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>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; 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.&nbsp;&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Date: May 12, 2011</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">/s/ Ronald Boreta___________ </FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Ronald Boreta</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Chief Executive Officer </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(Principal Executive Officer) and </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Principal Financial Officer</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">EXHIBIT 32</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">CERTIFICATION OF CHIEF EXECUTIVE OFFICER</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">ALL-AMERICAN SPORTPARK, INC.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PURSUANT TO 18 U.S.C. SECTION 1350</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; I hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of All-American SportPark, Inc. for the quarter ended March 31, 2011:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (1) complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; (2) the information contained in the Report fairly presents, in all&nbsp; material aspects, the financial condition and results of operations of All-American SportPark, Inc. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Dated:&nbsp; May 12, 2011</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">/s/ Ronald S. Boreta_________</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Ronald S. Boreta</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Chief Executive Officer </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(Principal Executive Officer) and</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Principal Financial Officer</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">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>
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