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<SEC-DOCUMENT>0001297077-09-000008.txt : 20090618
<SEC-HEADER>0001297077-09-000008.hdr.sgml : 20090617
<ACCEPTANCE-DATETIME>20090317172936
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001297077-09-000008
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20090317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHAMPIONS BIOTECHNOLOGY, INC.
		CENTRAL INDEX KEY:			0000771856
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				521401755
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2200 WILSON BLVD
		STREET 2:		SUITE 102-316
		CITY:			ARLINGTON
		STATE:			VA
		ZIP:			22201
		BUSINESS PHONE:		703-526-0400

	MAIL ADDRESS:	
		STREET 1:		2200 WILSON BLVD.
		STREET 2:		SUITE 102-316
		CITY:			ARLINGTON
		STATE:			VA
		ZIP:			22201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHAMPIONS SPORTS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL GROUP INC
		DATE OF NAME CHANGE:	19860319
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>
<head><meta content="text/html; charset=">
<title>September 16, 2008</title>
</head>

<body >
<ul>
</ul>

<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
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<p>
<font face="Arial" size="2"><img height="43" width="145"
src="cbi0810-ksecres00.jpg" 	alt="cbi0810-ksecres00.jpg" border="0" ></font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p align="right">
<font face="Arial" size="2">1820 East Ray Road &#8226; Chandler, AZ
85225</font></p align="right">
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p align="right">
<font face="Arial" size="2">Phone: 480.656.8325</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p align="right">
<font face="Arial" size="2">www.championsbiotechnology.com</font></p align="right">
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">March 17, 2009</font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Via EDGAR and FEDEX</font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Jim B. Rosenberg</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Senior Assistant Chief Accountant</font></p>
</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Mail Stop 6010</font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Division of Corporate Finance</font></p>
</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Securities and Exchange Commission</font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">100 F Street, N.E.</font></p>
</td>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Washington, DC   20549</font></p>
</td>
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</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="42.666656" colspan="1" rowspan="1" >
<p>
<font size="2">RE:</font></p>
</td>
<td width="546.666530" colspan="1" rowspan="1" >
<p>
<font size="2">Champions Biotechnology, Inc. (the
&#8220;Company&#8221;)</font></p>
</td>
</tr>
<tr valign="top">
<td width="42.666656" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="546.666530" colspan="1" rowspan="1" >
&nbsp;Form 10-K for the Fiscal Year ended April 30, 2008	</td>
</tr>
<tr valign="top">
<td width="42.666656" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="546.666530" colspan="1" rowspan="1" >
&nbsp;File No.  001-17263	</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Dear Mr. Rosenberg:</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">I am writing to you in response to your letter of March 4, 2009
addressed to the Company&#8217;s president, Dr. Douglas D. Burkett, regarding
the above referenced filing.  Below are the Company&#8217;s responses to the
comments raised, keyed to the numbered comments.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2"><b><u>Item 8A(T). Controls and Procedures, page
14</u></b></font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management&#8217;s
report set forth in the Form 10-K identified a material weakness in our internal
controls &#8220;that could lead to the untimely identification and resolution of
accounting and disclosure matters and failure to perform timely and effective
reviews&#8221; and provided management&#8217;s evaluation that the costs-benefit
relationship did not justify the expense necessary to remedy the deficiency.  We
note your comment that this statement is not a clear conclusion that our
internal control over financial reporting (ICFR) is not effective.  However,
inasmuch as management&#8217;s report expressly stated that there was, indeed,
an identified material weakness in ICFR which management determined not to
remedy at this time, we believe that the clear result of the report is that the
Company&#8217;s ICFR is not effective.  In light of the statements included in
the report as filed, we respectfully request that a revised report containing
the requested language (if management so concludes) be included in future
filings of the Company&#8217;s Form 10-K.</font></p>
</td>
</tr>
</table></div>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:double">
<font size="2">&nbsp;</font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;Jim B. Rosenberg	</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Division of Corporation Finance</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Securities and Exchange Commission</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">March 17, 2009</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Page 2</font></p>
</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2"><b>CONSOLIDATED FINANCIAL STATEMENTS</b></font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2"><b><u>Consolidated Statements of Stockholders&#8217; Equity
(Deficit), page F-6</u></b></font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
column &#8220;Prepaid Consulting&#8221; was inadvertently missing from the final
Statements of Stockholders&#8217; Equity (Deficit) presented in the Form 10-KSB
filed for the years ended April 30, 2008 and 2007.  Despite this inadvertent
omission, the Consolidated Balance Sheets for the two years presented contained
the accurate total stockholders&#8217; equity (deficit).  The attached schedule
shows the correct amounts and agrees with the corresponding amounts on our
consolidated balance sheets.  The Consolidated Statements of Stockholders&#8217;
Equity in our future filings will include the omitted column.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2"><b><u>Notes to Consolidated Financial Statements, Note 2 -
Summary of Significant Accounting Policies, Accounting for Acquisition, page
F-9</u></b></font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
reviewed EITF 98-3, specifically Example 4, Scenario 4 set forth in Exhibit
98-3A.  Scenario 4 describes the transfer of a business unit which:</font></p>
</td>
</tr>
</table></div>
<p>
</p align="right">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">is newly formed;</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">is engaged in research and development;</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">is engaged in establishing additional sources of
supply;</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">is engaged in developing markets for the resultant product;
and</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">has identified several potential customers.</font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">The assessment of Example 4, Scenario 4 is that the transferred
business unit &#8220;includes all of the necessary elements of a business except
for the ability to access customers because it does not have any completed
products&#8221;.  The conclusion of EITF 98-3 is that because the planned
principal operations of the transferred unit have not yet commenced, the unit is
not a business.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contrary to the facts
in Scenario 4, at the time of the May 18, 2007 merger Biomerk not only had
already begun producing and selling its products (which consisted of panels and
studies for patients with cancer), but, in fact, recognized sales of $249,975
related to panel studies between February 2007 and May 2007.  Consequently,
Biomerk was properly considered a viable business at that time.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that Example
4, Scenario 5 is more applicable to the Biomerk merger.  Scenario 5 describes
the transfer of a business unit which:</font></p>
</td>
</tr>
</table></div>
<p>
</p align="right">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">has been conducting development activities for a year;</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">has developed a successful beta version of its product that has
received customer acceptance;</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">has achieved a successful production run; and</font></p>
</td>
</tr>
<tr valign="top">
<td width="66.666650" colspan="1" rowspan="1" >
<ul>
<li><font size="2"></font></li></ul></td>
<td width="522.666536" colspan="1" rowspan="1" >
<p>
<font size="2">is in the process of shipping products to customers.</font></p>
</td>
</tr>
</table></div>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:double">
<font size="2">&nbsp;</font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Jim B. Rosenberg</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Division of Corporation Finance</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Securities and Exchange Commission</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">March 17, 2009</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Page 3</font></p>
</td>
</tr>
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<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">The assessment of Example 4, Scenario 5 is that the transferred
business unit &#8220;includes all of the necessary elements of a
business&#8221;.  The conclusion of EITF 98-3 is that the transferred unit has
all of the elements necessary to conduct normal operations and has commenced
planned principal operations and is therefore a business.  EITF 98-3 states that
the conclusion is not affected by the absence of a significant amount of revenue
from the transferred unit&#8217;s operations or the expectation of continued
operating losses.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biomerk&#8217;s
contracted for panels and studies which were ongoing at the time of the merger
and its sales are more aligned with Scenario 5.  Moreover, after the merger, the
Company has successfully continued the sale of the same product/service. We
therefore conclude that the accounting treatment was appropriate.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2"><b>GENERAL</b></font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby
acknowledges that the Company is responsible for the adequacy and accuracy of
the disclosure in the filing, and staff comments or changes to disclosure in
response to staff comments do not foreclose the Commission from taking any
action with respect to the filing.  The Company further acknowledges that the
Company may not assert staff comments as a defense in any proceeding initiated
by the Commission or any person under the federal securities laws of the United
States.</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Should you require any
further information or have additional comments, please contact me. </font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">Sincerely,</font></p>
</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p>
<font size="2">CHAMPIONS BIOTECHNOLOGY, INC.</font></p>
</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="402.666566" colspan="1" rowspan="1" >
<p style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/  Mark
Schonau</font></p>
</td>
<td width="35.999991" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="150.666629" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="402.666566" colspan="1" rowspan="1" >
<p>
<font size="2">Mark Schonau</font></p>
</td>
<td width="35.999991" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="150.666629" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="402.666566" colspan="1" rowspan="1" >
<p>
<font size="2">Chief Financial Officer</font></p>
</td>
<td width="35.999991" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="150.666629" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
</table></div>
<p>
</p>
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;cc:	</td>
<td width="558.666527" colspan="1" rowspan="1" >
&nbsp;Dr. Douglas D. Burkett	</td>
</tr>
<tr valign="top">
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="558.666527" colspan="1" rowspan="1" >
&nbsp;Principal Executive Officer	</td>
</tr>
</table></div>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="589.333186" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:double">
<font size="2">&nbsp;</font></p>
</td>
</tr>
</table></div>
<p>
</p>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="995.999751" colspan="16" rowspan="1" >
<p align="center">
<font size="2"><b>CHAMPIONS BIOTECHNOLOGY, INC.</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="995.999751" colspan="16" rowspan="1" >
<p align="center">
<font size="2"><b>FORMERLY CHAMPIONS SPORTS, INC. AND
SUBSIDIARIES</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="995.999751" colspan="16" rowspan="1" >
<p align="center">
<font size="2"><b>EQUITY ROLLFORWARD SCHEDULE</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="995.999751" colspan="16" rowspan="1" >
<p align="center">
<font size="2"><b>FOR THE YEARS ENDED APRIL 30, 2008 AND
2007</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="138.666632" colspan="3" rowspan="1" >
<p align="center">
<font size="2"><b>Series A, 12%</b></font></p align="center">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="138.666632" colspan="3" rowspan="1" >
<p align="center">
<font size="2"><b>Convertible Cumulative</b></font></p align="center">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="center">
<font size="2"><b>Total</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="138.666632" colspan="3" rowspan="1" >
<p align="center">
<font size="2"><b>Preferred Stock</b></font></p align="center">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="159.999960" colspan="3" rowspan="1" >
<p align="center">
<font size="2"><b>Common Stock</b></font></p align="center">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="center">
<font size="2"><b>Paid-in</b></font></p align="center">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="center">
<font size="2"><b>Accumulated</b></font></p align="center">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="center">
<font size="2"><b>Prepaid</b></font></p align="center">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="center">
<font size="2"><b>Stockholders&#8217;</b></font></p align="center">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Shares</b></font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Amount</b></font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Shares</b></font></p>
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Amount</b></font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Capital</b></font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Deficits</b></font></p>
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Consulting</b></font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:solid windowtext .5pt">
<font size="2"><b>Equity (Deificit)</b></font></p>
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Balance, April 30, 2006</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">32,450&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">324,500&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">16,824,658</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">16,825</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">5,922,349 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">(6,934,187)</font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
</font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">(670,513)</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issued 1,000,000 common shares  and 1,000,000 </font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">    &nbsp;warrants in exchange for 32,450 preferred
shares</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">(32,450)</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p>
<font size="2">(324,500)</font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,000,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,000</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">673,960 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">350,460 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issued common stock for cash</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">7,000,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">7,000</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">21,000 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">28,000 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issued common stock for cash</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">2,500,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">2,500</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">7,500 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">10,000 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issued Common stock for patents rights</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">300,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">300</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">179,700 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">180,000 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Stock issued for consulting services (prepaid
consulting)</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">44,184 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2"> (44,184)</font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-    </font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Amortiztion of prepaid consulting</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">11,046 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">11,046 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Net loss </font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2"> (170,058)</font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2"> (170,058)</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;</font></p>
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">&nbsp;&nbsp;&nbsp;</font></p>
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Balance, April 30, 2007</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">2,624,658</font></p>
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">$27,625</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2"> 6,848,693 </font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2"> (7,104,245)</font></p>
</td>
<td width="27.999993" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">   (33,138)</font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(261,065)</font></p>
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issuance of stock for acquisition</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">4,000,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">4,000</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,156,000 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,160,000 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Stock issued for exercise of warrants</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">169,488</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">170</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">28,335 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">28,505 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Stock issued for exercise of options</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">25,000</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">25</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">4,225 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">4,250 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Issued common stock for cash</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,428,572</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,428</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">2,498,572 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">2,500,000 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Options issued for consulting services (prepaid
consulting)</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">1,179,357 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2"> (1,179,357)</font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-    </font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Amortization of prepaid consulting </font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right">
<font size="2">- &nbsp;</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-&nbsp;</font></p align="right">
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-</font></p align="right">
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right">
<font size="2">-   </font></p align="right">
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right">
<font size="2">170,127 </font></p align="right">
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right">
<font size="2">170,127 &nbsp;</font></p align="right">
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Net (loss) for the year ended April 30th, 2008</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">- &nbsp;</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">-&nbsp;</font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">-</font></p>
</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">-</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">-   </font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">35,698&nbsp;</font></p>
</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">-   </font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:solid windowtext .5pt">
<font size="2">35,698 &nbsp;</font></p>
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
<p>
<font size="2">Balance, April 30, 2008</font></p>
</td>
<td width="50.666654" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">-&nbsp;</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="55.999986" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">-&nbsp;</font></p>
</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">33,247,718</font></p>
</td>
<td width="31.999992" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="54.666653" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">33,248</font></p>
</td>
<td width="30.666659" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="63.999984" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,715,182 </font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="74.666648" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2"> (7,068,547)</font></p>
</td>
<td width="27.999993" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="69.333316" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,042,368)</font></p>
</td>
<td width="22.666661" colspan="1" rowspan="1" >
<p align="right">
<font size="2">$</font></p align="right">
</td>
<td width="98.666642" colspan="1" rowspan="1" >
<p align="right" style="border-bottom:double">
<font size="2">3,637,515 &nbsp;</font></p>
</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
<tr valign="top">
<td width="265.333267" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="50.666654" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="55.999986" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="14.666663" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="71.999982" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="31.999992" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="54.666653" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="30.666659" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="63.999984" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="74.666648" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="27.999993" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="69.333316" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="22.666661" colspan="1" rowspan="1" >
&nbsp;</td>
<td width="98.666642" colspan="1" rowspan="1" >
&nbsp;</td>
</tr>
</table></div>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="1031.999742" colspan="1" rowspan="1" >
<p align="center">
<font size="2">The accompanying notes are an integral part of these consolidated
financial statements.</font></p align="center">
</td>
</tr>
</table></div>
<p>
</p align="center">
<div align="center" style="position:relative; left: -5"><table border=0 cellpadding=0 cellspacing =0 >
<tr valign="top">
<td width="1031.999742" colspan="1" rowspan="1" >
<p align="center" style="border-bottom:double">
<font size="2">F-6&nbsp;</font></p>
</td>
</tr>
</table></div>
<p>
</p>


</body>

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