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<SEC-DOCUMENT>0001078782-09-000109.txt : 20090205
<SEC-HEADER>0001078782-09-000109.hdr.sgml : 20090205
<ACCEPTANCE-DATETIME>20090205141500
ACCESSION NUMBER:		0001078782-09-000109
CONFORMED SUBMISSION TYPE:	10KSB
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20080930
FILED AS OF DATE:		20090205
DATE AS OF CHANGE:		20090205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMARTDATA CORP
		CENTRAL INDEX KEY:			0000827876
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV

	FILING VALUES:
		FORM TYPE:		10KSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53498
		FILM NUMBER:		09572523

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 573633
		CITY:			MURRAY
		STATE:			UT
		ZIP:			84124
		BUSINESS PHONE:		801-557-6748

	MAIL ADDRESS:	
		STREET 1:		PO BOX 573633
		CITY:			MURRAY
		STATE:			UT
		ZIP:			84124
</SEC-HEADER>
<DOCUMENT>
<TYPE>10KSB
<SEQUENCE>1
<FILENAME>smartdata10ksb093008.htm
<DESCRIPTION>SEPTEMBER 30, 2008 10-KSB
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>10-KSB</TITLE>
<META content=alex name=author>
<META content=01/27/2009 name=date>
</HEAD>
<BODY
style="FONT-SIZE: 10pt; COLOR: #000000; LINE-HEIGHT: 12pt; FONT-FAMILY: Times New Roman">
<DIV style="WIDTH: 720px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B>Washington, D.C. 20549</B></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center><B>Form
10-KSB</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt; FONT-FAMILY: Wingdings 2"
align=justify><FONT face=Wingdings>x</FONT><FONT
style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;ANNUAL REPORT UNDER SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 48px; LINE-HEIGHT: 13pt">For
the fiscal year ended September 30, 2008</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt; FONT-FAMILY: Wingdings 2"
align=justify><FONT face=Wingdings>o</FONT><FONT
style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;TRANSITION REPORT UNDER SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 48px; LINE-HEIGHT: 13pt">For
the transition period from ______________ to________________</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 48px; LINE-HEIGHT: 13pt">Commission
file number 000-53498</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>SmartData Corporation</U></B></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>(Name of
small business issuer in its charter)</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=231></TD>
<TD width=227></TD></TR>
<TR>
<TD vAlign=top width=231>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>Utah</U></B></P></TD>
<TD vAlign=top width=227>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>87-0449945</U></B></P></TD></TR>
<TR>
<TD vAlign=top width=231>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center>(State or other jurisdiction of</P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center>incorporation or organization)</P></TD>
<TD vAlign=top width=227>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center>(I.R.S. Employer Identification No.)</P></TD></TR>
<TR>
<TD vAlign=top width=231>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=231>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>PO BOX 573633, Murray</U></B></P></TD>
<TD vAlign=top width=227>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>84157</U></B></P></TD></TR>
<TR>
<TD vAlign=top width=231>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center>Address of principal executive office</P></TD>
<TD vAlign=top width=227>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center>Zip code</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>Issuer's
telephone number (<B><U>801) 557-6748</U></B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px">Securities registered under Section 12(b) of the Exchange
Act: &nbsp;None</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Securities registered under Section 12(g) of the Exchange
Act: &nbsp;None</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B><U>Common Stock, $.001 par Value
</U></B></P>
<P style="MARGIN: 0px" align=center>(Title of class)</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>Check whether the issuer is not required to
file reports pursuant to Section 13 or 15(d) of the Exchange
Act.&nbsp;&nbsp;<FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>o</FONT></FONT>&nbsp;&nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Note </B>- Checking the box above will
not relieve any registrant required to file reports pursuant to Section 13 or
15(d) of the Exchange Act from their obligations under those Sections.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>SEC 2337 (12-05)</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Persons who are to respond to the
collection of information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.</B></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>Check whether
the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of
the Exchange Act during the past 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
style="FONT-FAMILY: Wingdings 2"><FONT face=Wingdings>x</FONT></FONT> No <FONT
style="FONT-FAMILY: Wingdings 2"><FONT face=Wingdings>o</FONT></FONT> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Check if there is no disclosure of
delinquent filers in response to Item 405 of Regulation S-B contained in this
form, and no disclosure will be contained, to the best of registrant's
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.
<FONT style="FONT-FAMILY: Wingdings 2"><FONT face=Wingdings>x</FONT></FONT></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
&nbsp;Yes <FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>x</FONT></FONT> No <FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>o</FONT></FONT><BR></P>
<P style="MARGIN: 0px" align=justify>State issuer's revenues for its most recent
fiscal year: $-0-</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>State the aggregate market value of the
voting and non-voting common equity held by non-affiliates computed by reference
to the price at which the common equity was sold, or the average bid and asked
price of such common equity, as of a specified date within the past 60 days.
(See definition of affiliate in Rule 12b-2 of the Exchange Act.)</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There was not an active market and there
has been no trading volume during fiscal 2008 and there has been no trading
volume in 2008, therefore the aggregate market value of the issuer's common
stock held by non-affiliates at December 15, 2008 is deemed to be $-0-. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Note: If determining whether a person is an
affiliate will involve an unreasonable effort and expense, the issuer may
calculate the aggregate market value of the common equity held by non-affiliates
on the basis of reasonable assumptions, if the assumptions are stated.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>(ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS)</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>Check whether the issuer has filed all
documents and reports required to be filed by Section 12, 13 or 15(d) of the
Exchange Act after the distribution of securities under a plan confirmed by a
court.&nbsp;Yes <FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>o</FONT></FONT> No <FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>x</FONT></FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>(APPLICABLE ONLY TO CORPORATE
REGISTRANTS)</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>State the number of shares outstanding of
each of the issuer's classes of common equity, as of the latest practicable
date. <B>As of February 2, 2009 there were 20,533,781 shares of common stock,
par value $.001 issued and outstanding.</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>DOCUMENTS INCORPORATED BY
REFERENCE</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=justify>If the following documents are incorporated
by reference, briefly describe them and identify the part of the Form 10-KSB
(e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any
annual report to security holders; (2) any proxy or information statement; and
(3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of
1933 ("Securities Act"). The listed documents should be clearly described for
identification purposes (e.g., annual report to security holders for fiscal year
ended December 24, 1990).</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Transitional Small Business Disclosure
Format (Check one): Yes <FONT style="FONT-FAMILY: Wingdings 2"><FONT
face=Wingdings>o</FONT></FONT>, No&nbsp;<FONT
style="FONT-FAMILY: Wingdings 2"><FONT face=Wingdings>x</FONT></FONT></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>2</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center><B>Part I</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>Item 1. Description of Business </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Forward-Looking Statement Notice
</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>When used in this report, the words "may,"
"will," "expect," "anticipate," "continue," "estimate," "project," "intend," and
similar expressions are intended to identify forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 regarding events, conditions, and financial
trends that may affect SmartData Corporation&#146;s future plans of operations,
business strategy, operating results, and financial position. Persons reviewing
this report are cautioned that any forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties and that actual
results may differ materially from those included within the forward-looking
statements as a result of various factors. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Our Business</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>SmartData Corporation was incorporated in
State of Nevada on October 15, 1987. &nbsp;The original ongoing business of
SmartData was the distribution and sale of computer hardware and software.
&nbsp;SmartData provided small businesses a framework to measure productivity,
and offered additional services such as staff leasing, insurance benefits, and
retirement planning. &nbsp;SmartData conducted a 504 public offering in the
State of Nevada in December 1987. &nbsp;Smart Data began trading publicly in
January 1988. &nbsp;Due to a series of unfortunate events, including the
untimely death of the founding CEO, Mr. Paul Gambles, SmartData discontinued
active business operations in 1992. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company has now focused its efforts on
seeking a business opportunity. &nbsp;The Company will attempt to locate and
negotiate with a business entity for the merger of that target company into the
Company. In certain instances, a target company may wish to become a subsidiary
of the Company or may wish to contribute assets to the Company rather than
merge. No assurances can be given that the Company will be successful in
locating or negotiating with any target company. The Company will provide a
method for a foreign or domestic private company to become a reporting
(&#147;public&#148;) company whose securities are qualified for trading in the United
States secondary market. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Sources of Opportunities</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We anticipate that business opportunities
may arise from various sources, including officers and directors, professional
advisers, securities broker-dealers, venture capitalists, members of the
financial community, and others who may present unsolicited proposals. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We will seek potential business
opportunities from all known sources, but will rely principally on the personal
contacts of our officers and directors as well as indirect associations between
them and other business and professional people. Although we do not anticipate
engaging professional firms specializing in business acquisitions or
reorganizations, we may retain such firms if management deems it in our best
interests. In some instances, we may publish notices or advertisements seeking a
potential business opportunity in financial or trade publications. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Criteria</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We will not restrict our search to any
particular business, industry or geographical location. We may acquire a
business opportunity in any stage of development. This includes opportunities
involving "start up" or new companies. In seeking a business venture, management
will base their decisions on the business objective of seeking long-term capital
appreciation in the real value of our company. We will not be controlled by an
attempt to take advantage of an anticipated or perceived appeal of a specific
industry, management group, or product. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In analyzing prospective business
opportunities, management will consider the following factors: </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- available technical, financial and
managerial resources; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- working capital and other financial
requirements; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the history of operations, if any; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- prospects for the future; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the nature of present and expected
competition; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the quality and experience of management
services which may be available and the depth of the management; </P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>3</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>- the potential
for further research, development or exploration; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the potential for growth and expansion;
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the potential for profit; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- the perceived public recognition or
acceptance of products, services, trade or service marks, name identification;
and other relevant factors. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Generally, our management will analyze all
available factors and make a determination based upon a composite of available
facts, without relying on any single factor. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Methods of Participation of
Acquisition</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Management will review specific businesses
and then select the most suitable opportunities based on legal structure or
method of participation. Such structures and methods may include, but are not
limited to, leases, purchase and sale agreements, licenses, joint ventures,
other contractual arrangements, and may involve a reorganization, merger or
consolidation transactions. Management may act directly or indirectly through an
interest in a partnership, corporation, or other form of organization. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Procedures</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>As part of our investigation of business
opportunities, officers and directors may meet personally with management and
key personnel of the firm sponsoring the business opportunity. We may visit and
inspect material facilities, obtain independent analysis or verification of
certain information provided, check references of management and key personnel,
and conduct other reasonable measures. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We will generally ask to be provided with
written materials regarding the business opportunity. These materials may
include the following: </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- descriptions of product, service and
company history; management resumes; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- financial information; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- available projections with related
assumptions upon which they are based; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- an explanation of proprietary products
and services; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- evidence of existing patents, trademarks
or service marks or rights thereto; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- present and proposed forms of
compensation to management; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- a description of transactions between the
prospective entity and its affiliates; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- relevant analysis of risks and
competitive conditions; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- a financial plan of operation and
estimated capital requirements; </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>- and other information deemed relevant.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Competition</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We expect to encounter substantial
competition in our efforts to acquire a business opportunity. The primary
competition is from other companies organized and funded for similar purposes,
small venture capital partnerships and corporations, small business investment
companies and wealthy individuals. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Employees</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We do not currently have any employees but
rely upon the efforts of our officer and director to conduct our business. We do
not have any employment or compensation agreements in place with our officers
and directors although they are reimbursed for expenditures advanced on our
behalf. </P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>4</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify><B>Item 2.
Description of Property.</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We do not currently own any property. We
utilize office space in the home of, Burkeley Priest, an officer and director,
at no cost. We will not seek independent office space until we pursue a viable
business opportunity and recognize income. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 3. Legal Proceedings.</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>No legal proceedings are threatened or
pending against SmartData Corporation or any of our officers or directors.
Further, none of our officers, directors or affiliates are parties against
SmartData Corporation. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 4. Submission of Matters to a Vote
of Securities Holders.</B> </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">None.</P>
<P style="MARGIN: 0px" align=center><B>Part II </B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 5. Market for Common Equity and
Related Stockholder Matters </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There currently is no active trading for
our Common Stock. Our common stock is not listed on any stock exchange.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>As of December 23, 2008, there were
approximately ninety three shareholders of record holding shares of common
stock. The holders of common stock are entitled to one vote for each share held
of record on all matters submitted to a vote of stockholders. Holders of the
common stock have no preemptive rights and no right to convert their common
stock into any other securities. There are no redemption or sinking fund
provisions applicable to the common stock. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We have not paid, nor declared, any cash
dividends since our inception and do not intend to declare any such dividends in
the foreseeable future. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 6. Management's Discussion and
Analysis or Plan of Operation. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Years Ended September 30, 2008 and
2007</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We have negligible available cash on hand
and have experienced losses since inception. We did not generate any revenues
from operations during the years ended September 30, 2008 and 2007. Expenses
during the years ended September 30, 2008 and 2007 were $22,048 and $2,195,
respectively. Expenses for both years consisted entirely of general and
administrative expenses. The general and administrative expenses were primarily
due to professional, legal and accounting fees relating to our reporting
requirements. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>As a result of the foregoing factors, we
realized a net loss of $22,048 for the year ended September 30, 2008, compared
to a net loss of $2,195 for the period ended September 30, 2007. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Liquidity and Capital Resources</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>At September 30, 2008, we had $0 in
available cash on hand and $10,861 in liabilities. We anticipate our expenses
for the next twelve months will be approximately $20,000. In the past we have
relied on advances from our current shareholders to cover our operating costs.
Management anticipates that we will receive sufficient advances from our
president to meet our needs through the next 12 months. However, there can be no
assurances to that effect. Our need for capital may change dramatically if we
acquire an interest in a business opportunity during that period. At present, we
have no understandings, commitments or agreements with respect to the
acquisition of any business venture, and there can be no assurance that we will
identify a business venture suitable for acquisition in the future. Further, we
cannot assure that we will be successful in consummating any acquisition on
favorable terms or that we will be able to profitably manage any business
venture we acquire. Should we require additional capital, we may seek additional
advances from officers, sell common stock or find other forms of debt financing.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Our current operating plan is to continue
searching for potential businesses, products, technologies and companies for
acquisition and to handle the administrative and reporting requirements of a
public company. To demonstrate our commitment to maintaining ethical reporting
and business practices, we adopted a Code of Ethics and Business Conduct and
included it as an exhibit to this Form 10-KSB. </P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>5</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>Financial
Interpretation No. 48, "Accounting for Uncertainty in Income Taxes - An
Interpretation of FASB Statement No. 109", Statement of Financial Accounting
Standards ("SFAS") No. 141 (revised 2007), "Business Combinations", SFAS No.
160, "Noncontrolling Interests in Consolidated Financial Statements - an
amendment of ARB No. 51", SFAS No. 159, "The Fair Value Option for Financial
Assets and Financial Liabilities - Including an Amendment of FASB Statement No.
115", SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans", SFAS No. 157, "Fair Value Measurements", SFAS No. 156,
"Accounting for Servicing of Financial Assets", SFAS No. 155, "Accounting for
Certain Hybrid Instruments", and SFAS No. 154, "Accounting Changes and Error
Corrections - a replacement of APB Opinion No. 20 and FASB Statement No. 3",
were recently issued. These recently-enacted accounting standards have no
current applicability to the Company or their effect on the financial statements
would not have been significant.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Subsequent Events.</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>None.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 7. Financial Statements. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Our financial statements appear at the end
of this report beginning on page F-1. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 8. Changes In and Disagreements
with Accountants on Accounting and Financial Disclosure. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>None.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 8A(T). Controls and Procedures.
</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>(a) Evaluation of Disclosure Controls and
Procedures. Our management, with the participation of our President, evaluated
the effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report. Based on that evaluation, our President concluded
that our disclosure controls and procedures as of the end of the period covered
by this report were not effective such that the information required to be
disclosed by us in reports filed under the Securities Exchange Act of 1934 is
(i) recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms and (ii) accumulated and communicated to
our management, including our President, as appropriate to allow timely
decisions regarding disclosure. A controls system cannot provide absolute
assurance, however, that the objectives of the controls system are met, and no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within a company have been detected.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Management's Annual Report on Internal
Control over Financial Reporting. Our management is responsible for establishing
and maintaining adequate internal control over financial reporting (as defined
in Rule 13a-15(f) under the Exchange Act). Our internal control over financial
reporting is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes of accounting principles generally accepted in the United
States.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Because of its inherent limitations,
internal control over financial reporting may not prevent or detect
misstatements. Therefore, even those systems determined to be effective can
provide only reasonable assurance of achieving their control objectives.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Our management, with the participation of
the President, evaluated the effectiveness of the Company's internal control
over financial reporting as of September 30, 2008. In making this assessment,
our management used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal Control - Integrated
Framework. Based on this evaluation, our management, with the participation of
the President, concluded that, as of September 30, 2008, our internal control
over financial reporting was not effective. The Company's material weaknesses in
internal control are due to the lack of segregation of duties and the lack of
accounting expertise in the supervision of the financial reporting process.
However, the Company believes the costs of remediation outweigh the benefits
given the limited operations of the Company.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>This annual report does not include an
attestation report of the Company's registered public accounting firm regarding
internal control over financial reporting. Management's report was not subject
to attestation by the Company's registered public accounting firm pursuant to
temporary rules of the Securities and Exchange Commission that permit the
company to provide only management's report in this annual report.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>(b) Changes in Internal Control over
Financial Reporting. There were no changes in the Company's internal controls
over financial reporting, known to the chief executive officer or the chief
financial officer, that occurred during the period covered by this report that
has materially affected, or is reasonably likely to materially affect, the
Company's internal control over financial reporting.</P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>6</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify><B>Item 8B.
Other Information</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There are no further disclosures. All
information that was required to be disclosed in a Form 8-K during the fourth
quarter, 2008 has been disclosed. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=center><B>PART III</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 9. Directors, Executive Officers,
Promoters and Control Persons; Compliance With Section 16(a) of the Exchange
Act. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The following table sets forth the name,
age, position and office term of each executive officer and director of the
Company. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=108></TD>
<TD width=15></TD>
<TD width=36></TD>
<TD width=15></TD>
<TD width=226></TD>
<TD width=15></TD>
<TD width=148></TD></TR>
<TR>
<TD vAlign=top width=108>
<P style="MARGIN: 0px">Name</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=36>
<P style="MARGIN: 0px" align=center>Age</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=226>
<P style="MARGIN: 0px">Position</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=148>
<P style="MARGIN: 0px">Director or Officer Since</P></TD></TR>
<TR>
<TD vAlign=top width=108>
<P style="MARGIN: 0px">Burkeley J. Priest</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=36>
<P style="MARGIN: 0px" align=center>35</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=226>
<P style="MARGIN: 0px">President/Secretary/CEO/CFO/Director</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=148>
<P style="MARGIN: 0px">May 2007</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>All officers hold their positions at the
will of the Board of Directors. All directors hold their positions for one year
or until their successors are elected and qualified. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Set forth below is certain biographical
information regarding the Company's executive officer and director: Burkeley J
Priest President/Secretary and a Director. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Burkeley J. Priest</B>, 35 years old,
the President and a director of SmartData, Inc., is also the Managing Member of
Summit Sports, LLC., A Utah Limited Liability Company which operates a exclusive
single line Honda Power House dealership in Park City, Utah with annual sales of
4 million plus. &nbsp;Mr. Priest also was the founder of the Classic
Motorcycles, Murray, Utah and Point Power Sports, Draper Utah. &nbsp;Mr. Priest
attended the University of Utah from 1991 to 1995 with a focus on Economics.
&nbsp;He is a member of the Sigma Chi fraternity.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company has no audit committee
financial expert, as defined under Section 228.401, serving on its audit
committee because it has no audit committee and is not required to have an audit
committee because it is not a listed security as defined in Section 240.10A-3.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 10. Executive Compensation</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The following table sets forth certain
summary information concerning the compensation paid or accrued for each of the
Registrant's last three completed fiscal years to the Registrant's or its
principal subsidiaries chief executive officers and each of its other executive
officers that received compensation in excess of $100,000 during such period (as
determined at September 30, 2008, the end of the Registrant's last completed
fiscal year). </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=168></TD>
<TD width=51></TD>
<TD width=71></TD>
<TD width=71></TD>
<TD width=56></TD>
<TD width=56></TD>
<TD width=64></TD>
<TD width=69></TD>
<TD width=64></TD>
<TD width=61></TD></TR>
<TR>
<TD vAlign=top width=732 colSpan=10>
<P style="MARGIN: 0px" align=center><B>SUMMARY COMPENSATION TABLE
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px"><U>Name and principal position</U></P></TD>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px" align=center><U>Year</U></P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=center><U>Salary ($)</U></P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=center><U>Bonus ($)</U></P></TD>
<TD vAlign=bottom width=56>
<P style="MARGIN: 0px" align=center>Stock</P>
<P style="MARGIN: 0px" align=center>Awards</P>
<P style="MARGIN: 0px" align=center><U>($)</U></P></TD>
<TD vAlign=bottom width=56>
<P style="MARGIN: 0px" align=center>Option</P>
<P style="MARGIN: 0px" align=center>Awards</P>
<P style="MARGIN: 0px" align=center><U>($)</U></P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px" align=center>Non- <BR>Equity <BR>Incentive <BR>Plan
<BR>Compen- <BR>sation <BR><U>($)</U></P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=center>Nonquali- <BR>fied <BR>Deferred
<BR>Compen- <BR>sation <BR>Earnings <BR><U>($)</U></P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px" align=center>All Other <BR>Compen- <BR><U>sation
($)</U></P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px" align=center><U>Total ($)</U></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Burkeley Priest</P>
<P style="MARGIN: 0px">President/Secretary/</P>
<P style="MARGIN: 0px">CEO/CFO/Director </P></TD>
<TD vAlign=top width=51>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>2008</P>
<P style="MARGIN: 0px" align=center>2007</P>
<P style="MARGIN: 0px" align=center>2006</P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=56>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=56>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=69>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-5,100-</P>
<P style="MARGIN: 0px" align=center>-100-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD>
<TD vAlign=top width=61>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>-5,100-</P>
<P style="MARGIN: 0px" align=center>-100-</P>
<P style="MARGIN: 0px" align=center>-0-</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There are no compensatory plans or
arrangements, including payments to be received from the Company, with respect
to any person named in Cash Compensation set out above which would in any way
result in payments to any such person's termination of employment with the
Company or any change in control of the Company, or a change in the person's
responsibilities following a change in control of the Company. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>No retirement, pension, profit sharing,
stock option or insurance programs or other similar programs have been adopted
by the Company for the benefit of its employees. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Compensation of Directors</B> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There are no agreements to compensate any
of the directors for their services. </P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>7</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>Our officers and
directors are reimbursed for expenses incurred on our behalf. Our officers and
directors will not receive any finder's fee as a result of their efforts to
implement the business plan outlined herein. However, our officers and directors
anticipate receiving benefits as beneficial shareholders of our common stock.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We have not adopted any retirement,
pension, profit sharing, stock option or insurance programs or other similar
programs for the benefit of our employees. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Employment Contracts and Termination of
Employment and Change in Control Arrangement. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There are no compensatory plans or
arrangements, including payments to be received from the Company, with respect
to any person named in Executive Compensation set out above which would in any
way result in payments to any such person because of his resignation,
retirement, or other termination of such person's employment with the Company or
its subsidiaries, or any change in control of the Company, or a change in the
person's responsibilities following a change of control of the Company. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 11. Security Ownership of Certain
Beneficial Owners and Management. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The following table sets forth as of
February 2, 2009, the number and percentage of the 20,533,781 shares of
outstanding common stock which, according to the information supplied to the
Company, were beneficially owned by (i) each person who is currently a director
of the Company, (ii) each executive officer, (iii) all current directors and
executive officers of the Company as a group and (iv) each person who, to the
knowledge of the Company, is the beneficial owner of more than 5% of the
outstanding common stock. Except as otherwise indicated, the persons named in
the table have sole voting and dispositive power with respect to all shares
beneficially owned, subject to community property laws where applicable. </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=64></TD>
<TD width=227></TD>
<TD width=152></TD>
<TD width=77></TD></TR>
<TR>
<TD vAlign=top width=64>
<P style="MARGIN: 0px"><B>Title of</B></P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px"><B>Name and Address of</B></P></TD>
<TD vAlign=top width=152>
<P style="MARGIN: 0px" align=center><B>Amount and Nature of</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=center><B>Percentage </B></P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P style="MARGIN: 0px"><B><U>Class</U></B></P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px"><B><U>Beneficial Owner</U></B></P></TD>
<TD vAlign=top width=152>
<P style="MARGIN: 0px" align=center><B><U>Beneficial
Ownership</U></B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=center><B><U>of Class</U></B></P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P>&nbsp;</P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">Common</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">Burkeley Priest (1)</P></TD>
<TD vAlign=top width=152>
<P style="MARGIN: 0px" align=center>8,695,000</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=center>42.3%</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">P. O. Box 571663 </P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">Murray, UT &nbsp;84157 </P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P>&nbsp;</P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">Common</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">Munson Family Limited Partnership (2)</P></TD>
<TD vAlign=top width=152>
<P style="MARGIN: 0px" align=center>6,400,000</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=center>31.2%</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">3374 Starview Dr </P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P style="MARGIN: 0px">Bend, OR 97701 </P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=227>
<P>&nbsp;</P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=291 colSpan=2>
<P style="MARGIN: 0px">Total Officers and Directors</P></TD>
<TD vAlign=top width=152>
<P style="MARGIN: 0px" align=center>8,695,000</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=center>42.3%</P></TD></TR>
<TR>
<TD vAlign=top width=291 colSpan=2>
<P style="MARGIN: 0px">As a Group (1 Person)</P></TD>
<TD vAlign=top width=152>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px"
align=justify>(1)</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px" align=justify>Officer and/or
director. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px"
align=justify>(2)</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px" align=justify>Jerry Rice, a former
officer and director of SmartData, is the principal partner.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There are no contracts or other
arrangements that could result in a change of control of the Company. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 12. Certain Relationships and
Related Transactions. </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We utilize office space at the home of
Burkeley Priest, an officer and director, to conduct our activities at no
charge. </P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>8</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify><B>Item 13.
&nbsp;Exhibits and Reports on Form 8-K.</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>(a)</B> &nbsp;<B>Exhibits</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company has adopted a code of ethics
that applies to the Company's principal executive officer, principal financial
officer, principal accounting officer or controller. &nbsp;The Company will
provide, at no cost, a copy of the Code of Ethics to any shareholder of the
Company upon receiving a written request sent to the Company's address shown on
Page 1 of this report.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=103></TD>
<TD width=519></TD>
<TD width=76></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit #</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">Description</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>Location</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit 3(i)</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">Articles of Incorporation</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>*</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit 3(i)(a)</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">Amendments to the Articles of Incorporation</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>*</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit 3(ii)</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">Bylaws</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>*</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit 14</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">Code of Ethics</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>Attached</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">Exhibit 31 </P></TD>
<TD vAlign=top width=519>
<P style="MARGIN-TOP: 5px; MARGIN-BOTTOM: 5px">Certification of the
Principal Executive Officer and Principal Financial Officer pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN: 0px" align=center>Attached</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=519>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=103>
<P style="MARGIN-TOP: 5px; MARGIN-BOTTOM: 5px">Exhibit 32 </P></TD>
<TD vAlign=top width=519>
<P style="MARGIN-TOP: 5px; MARGIN-BOTTOM: 5px">Certification of the
Principal Executive Officer and Principal Financial Officer pursuant to
U.S.C. Section 1350 as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002**</P></TD>
<TD vAlign=top width=76>
<P style="MARGIN-TOP: 5px; MARGIN-BOTTOM: 5px"
align=center>Attached</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>* &nbsp;These exhibits are incorporated
herein by reference to the Company's Form 10 filed with the Securities and
Exchange Commission on November 17, 2008.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>** &nbsp;The Exhibit attached to this Form
10-KSB shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability
under that section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such filing.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>(b) &nbsp;Reports on Form 8-K.</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>None.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B>Item 14. Principal Accountant Fees and
Services</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><U>Audit Fee</U> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The aggregate fees billed for each of the
last two fiscal years for professional services rendered by the principal
account for the audit of, SmartData Corporation&#146;s annual financial statement and
review of financial statements included in SmartData Corporation&#146;s 10-QSB
reports and services normally provided by the accountant in connection with
statutory and regulatory filings or engagements were $0 for fiscal year ended
2007 and $9,597 for fiscal year ended 2008. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><U>Audit-Related Fees</U> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There were no fees for other audit related
services for fiscal years ended 2008 and 2007. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><U>Tax Fees</U> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There were no fees for tax compliance, tax
advice and tax planning for the fiscal years 2008 and 2007. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><U>All Other Fees</U> </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>There were no other aggregate fees billed
in either of the last two fiscal years for products and services provided by the
principal accountant, other than the services reported above. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We do not have an audit committee currently
serving and as a result our board of directors performs the duties of an audit
committee. Our board of directors will evaluate and approve in advance, the
scope and cost of the engagement of an auditor before the auditor renders audit
and non-audit services. &nbsp;We do not rely on pre-approval policies and
procedures.</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>9</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px"
align=center><B>SIGNATURES</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>In accordance with Section 13 or 15(d) of
the Exchange Act, the registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify><B>SmartData
Corporation</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Date: February 5, 2009</P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify><I><U>/s/ Burkeley
Priest
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify>Burkeley Priest</P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify>Chief Executive
Officer and</P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify>Chief Financial
Officer</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In accordance with the Exchange Act, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px; TEXT-INDENT: -268px" align=justify>Date: April 15,
2008</P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify><I><U>/s/ Burkeley
Priest
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify>Burkeley Priest</P>
<P style="PADDING-LEFT: 288px; MARGIN: 0px" align=justify>Director</P>
<P style="MARGIN: 0px" align=justify><BR></P><A name=page_0_1_23></A><A
name=page_0_1_24></A><A name=page_0_1_25></A><A name=page_0_1_26></A><A
name=page_0_1_27></A>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P
style="PADDING-RIGHT: 48px; PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: -18px"
align=center>10</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P
style="FONT-SIZE: 11pt; PAGE-BREAK-BEFORE: always; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=center><B><U>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px" align=justify>The Board of Directors and Shareholders</P>
<P style="MARGIN: 0px" align=justify>SmartData Corporation</P>
<P style="MARGIN: 0px" align=justify>&nbsp;</P>
<P style="MARGIN: 0px" align=justify>We have audited the accompanying balance
sheets of SmartData Corporation [a development stage company] as of September
30, 2008 and 2007, and the related statements of operations, stockholders'
deficit, and cash flows for the years ended September 30, 2008 and 2007, and for
the period from re-entering the development stage [October 1, 1991] through
September 30, 2008. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.</P>
<P style="MARGIN: 0px" align=justify>&nbsp;</P>
<P style="MARGIN: 0px" align=justify>We conducted our audits in accordance with
the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The Company is not required to have, nor were we engaged to
perform, an audit of its internal control over financial reporting. Our audits
included consideration of internal control over financial reporting as a basis
for designing audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
Company's internal control over financial reporting. Accordingly, we express no
such opinion. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.</P>
<P style="MARGIN: 0px" align=justify>&nbsp;</P>
<P style="MARGIN: 0px" align=justify>In our opinion, the financial statements
referred to above present fairly, in all material respects, the financial
position of SmartData Corporation, as of September 30, 2008 and 2007, and the
results of their operations and their cash flows for the years ended September
30, 2008 and 2007, and for the period from re-entering the development stage
[October 1, 1991] through September 30, 2008, in conformity with accounting
principles generally accepted in the United States of America.</P>
<P style="MARGIN: 0px" align=justify>&nbsp;</P>
<P style="MARGIN: 0px" align=justify>The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As
discussed in Note 3 to the financial statements, the Company has limited
financial resources and its operations during the development stage have been
unprofitable. These factors raise substantial doubt about its ability to
continue as a going concern. Management&#146;s plans in regard to these matters are
also described in Note 3. &nbsp;The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><I><U>/s/ Mantyla McReynolds,
LLC</U></I></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Mantyla McReynolds LLC</P>
<P style="MARGIN: 0px" align=justify>Salt Lake City, Utah</P>
<P style="MARGIN: 0px" align=justify>December 29, 2008</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-1</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center>SmartData
Corporation</P>
<P style="MARGIN: 0px" align=center>[A Development Stage Company] </P>
<P style="MARGIN: 0px" align=center>Balance Sheets </P>
<P style="MARGIN: 0px" align=center>September 30, 2008 and September 30,
2007</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=49></TD>
<TD width=280></TD>
<TD width=21></TD>
<TD width=104></TD>
<TD width=21></TD>
<TD width=96></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P style="MARGIN: 0px" align=center>September 30,</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="MARGIN: 0px" align=center>September 30,</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Assets</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=center>2008</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=center>2007</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=329
colSpan=2>
<P style="MARGIN: 0px">Total Assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Liabilities and Stockholders' Equity
(Deficit)</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Liabilities</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Current Liabilities</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Accounts Payable</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>6,368</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=280>
<P style="MARGIN: 0px">Convertible Notes Payable - Related Party</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>4,493</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>3,033</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=280>
<P style="MARGIN: 0px">Total Current Liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>10,861</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>3,033</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=329
colSpan=2>
<P style="MARGIN: 0px">Total Liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>10,861</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>3,033</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Stockholders' Deficit</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Common Stock, .001 par value, </P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;50,000,000 shares authorized,
and</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;20,533,781 and 6,313,781 shares
issued and</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;outstanding at Sept. 30, 2008 and
2007, respectively</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>20,534</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>6,314</P></TD></TR>
<TR>
<TD vAlign=bottom width=329 colSpan=2>
<P style="MARGIN: 0px">Additional paid-in capital</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>193,786</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>193,786</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=329
colSpan=2>
<P style="MARGIN: 0px">Deficit Accumulated during Development stage
&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>(225,181)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>(203,133)</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=329
colSpan=2>
<P style="MARGIN: 0px">Total Stockholders' Deficit</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>(10,861)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>(3,033)</P></TD></TR>
<TR>
<TD vAlign=bottom width=49>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=329
colSpan=2>
<P style="MARGIN: 0px">Total Liabilities and Stockholders' Deficit</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=104>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=96>
<P style="MARGIN: 0px" align=right>-</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>The accompanying notes are an integral part
of these financial statements.</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-2</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center>SmartData
Corporation</P>
<P style="MARGIN: 0px" align=center>[A Development Stage Company] </P>
<P style="MARGIN: 0px" align=center>Statements of Operations </P>
<P style="MARGIN: 0px" align=center>For the Years Ended September 30, 2008 and
2007, and </P>
<P style="MARGIN: 0px" align=center>for the Period from re-entering the
development stage [October 1, 1991] </P>
<P style="MARGIN: 0px" align=center>to September 30, 2008</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=293></TD>
<TD width=21></TD>
<TD width=98></TD>
<TD width=21></TD>
<TD width=90></TD>
<TD width=21></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>For the Period from</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>re-entering the</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>development stage</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>[October 1, 1991]</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>to September 30,</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=center>2008</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>2007</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>2008</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">Revenues</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">General and Administrative Expenses</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>22,048</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,195</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>225,181</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">Other Income/(Expense)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">Total Other Income and Expense</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">Net Loss before income taxes</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(22,048)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>(2,195)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(225,181)</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293>
<P style="MARGIN: 0px">Provision for Income Taxes</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=293>
<P style="MARGIN: 0px">Net Loss</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(22,048)</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>(2,195)</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(225,181)</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px">Net Loss per share - Basic and Diluted</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(0.01)</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>(0.01)</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px">Weighted Average of</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px">Common Shares Outstanding - Basic and
Diluted</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>14,684,466</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>6,253,507</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>The accompanying notes are an integral part
of these financial statements.</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-3</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center>SmartData
Corporation</P>
<P style="MARGIN: 0px" align=center>[A Development Stage Company] </P>
<P style="MARGIN: 0px" align=center>Statements of Stockholders&#146; Equity
(Deficit)</P>
<P style="MARGIN: 0px" align=center>for the Period from re-entering the
development stage [October 1, 1991] through September 30, 2008</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=383></TD>
<TD width=68></TD>
<TD width=20></TD>
<TD width=56></TD>
<TD width=20></TD>
<TD width=81></TD>
<TD width=20></TD>
<TD width=82></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=145
colSpan=3>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Common Stock</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Capital in Excess</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Accumulated</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Shares</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Amount</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>of Par Value</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Deficit</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=top width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
October 1, 1991</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>4,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>4,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>4,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>-</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating losses for the years ended September 30, 1992 through
1999</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for cash at $.10 - February 18, 2000</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>1,000,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>1,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>99,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2001</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(6,043)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2001</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>5,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>5,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>94,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(6,043)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for cash at $.10 - September 10, 2002</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>1,000,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>1,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>99,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2002</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(11,957)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2002</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(18,000)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2003</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2003</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(18,000)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2004</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(182,000)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2004</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(200,000)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2005</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2005</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(200,000)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2006</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(938)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2006</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,213,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,214</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(200,938)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for services valued at par - May 5, 2007</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>100,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>100</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2007</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(2,195)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2007</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,313,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>6,314</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(203,133)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for services valued at par - January 18,
2008</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>10,000,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>10,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for services valued at par - June 2, 2008</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>100,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>100</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for conversion of debt valued at par - June 2,
2008</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>3,970,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>3,970</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Issuance
of common capital stock for services valued at par - August 15,
2008</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>150,000</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>150</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt">Net
operating loss for the year ended September 30, 2008</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(22,048)</P></TD></TR>
<TR>
<TD vAlign=bottom width=383>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=383>
<P
style="PADDING-LEFT: 11px; FONT-SIZE: 9pt; MARGIN: 0px; TEXT-INDENT: -11px; LINE-HEIGHT: 11pt"><B>Balance
September 30, 2008</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=68>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>20,533,781</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=56>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>20,534</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=81>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>193,786</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=20>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>$</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=82>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(225,181)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center>The accompanying notes are an integral part
of these financial statements.</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-4</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center>SmartData
Corporation</P>
<P style="MARGIN: 0px" align=center>[A Development Stage Company] </P>
<P style="MARGIN: 0px" align=center>Statements of Cash Flows </P>
<P style="MARGIN: 0px" align=center>For the Years Ended September 30, 2008 and
2007, and </P>
<P style="MARGIN: 0px" align=center>For the Period from re-entering the
development stage [October 1, 1991] </P>
<P style="MARGIN: 0px" align=center>to September 30, 2008</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=15></TD>
<TD width=280></TD>
<TD width=21></TD>
<TD width=78></TD>
<TD width=22></TD>
<TD width=69></TD>
<TD width=21></TD>
<TD width=128></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>For the Period</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>from re-entering</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>the development</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>stage</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>[October 1, 1991] to September
30,</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78>
<P style="MARGIN: 0px" align=center>2008</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=center>2007</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=128>
<P style="MARGIN: 0px" align=center>2008</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Cash Flows from Operating Activities</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Net Income / (loss)</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(22,048)</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>(2,195)</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>(225,181)</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Adjustments to reconcile income (loss) from
operations to net cash provided by operating activities:</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Shares issued for Services</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>10,250</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>100</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>10,350</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Increase in Accounts Payable</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>6,368</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>6,368</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=280>
<P style="MARGIN: 0px">Increase in Convertible Debt - Related Party</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>5,430</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,095</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>8,463</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Net Cash from Operating Activities</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>(200,000)</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Cash Flows from Financing Activities</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=280>
<P style="MARGIN: 0px">Issuance of Common Stock</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>200,000</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Net Cash from Financing Activities</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>200,000</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Net Increase (Decrease) in Cash</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Beginning Cash Balance</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=295
colSpan=2>
<P style="MARGIN: 0px">Ending Cash Balance</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Supplemental Disclosure</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Interest Paid</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Income Taxes Paid</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=295 colSpan=2>
<P style="MARGIN: 0px">Non-Cash Transactions</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=22>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=15>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=280>
<P style="MARGIN: 0px">Common Stock Issued for Debt</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>3,970</P></TD>
<TD vAlign=bottom width=22>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=128>
<P style="MARGIN: 0px" align=right>3,970</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center>The accompanying notes are an integral part
of these financial statements.</P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-5</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>NOTE 1 -
ORGANIZATION </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>SmartData Corporation, (the "Company") was
incorporated under the laws of the State of Nevada on October 15, 1987 with
authorized common stock of 50,000,000 shares with a par value of $.001.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company had been organized for the
purpose of engaging in the business of marketing computer hardware and software,
and related products, however, after October 1, 1991, due to the loss of its
assets and settlement of its liabilities, the operations were abandoned and the
Company became inactive. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Prior to October 1, 1991 the Company,
including three wholly owned subsidiaries, was engaged in the business outlined
above. The operations of the companies were combined into consolidated reporting
and therefore the management of the Company elected to complete a
recapitalization of the Company on October 1, 1991 by restating the accumulated
retained earnings to zero. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company is considered to be in the
development stage after October 1, 1991 with the retained earnings and the
statement of operations to begin on that date. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On January 20, 1998 the Company completed a
reverse common stock split of one share for 10 outstanding shares. This report
has been prepared showing the after stock split shares from inception. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In 2002, the Company attempted to complete
a merger with The Moss Company. The merger never was consummated and the Company
recognized a significant operating loss of $182,000 in 2004, which was a result
of consulting and development fees related to the failed merger. &nbsp;The
shares issued in connection with this rescinded merger are not accounted for in
the financial statements because all such shares were cancelled shortly after
the merger was rescinded.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>a. Accounting Method </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company's financial statements are
prepared using accounting principles generally accepted in the United States.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>b. Provision for Taxes </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company uses the asset and liability
method of accounting for income taxes. &nbsp;At September 30, 2008, the deferred
tax asset and deferred tax liability accounts, as recorded when material to the
financial statements, are entirely the result of net operating loss
carryforwards. As of September 30, 2008, the Company had no deferred taxes
arising from temporary differences between income for financial reporting and
income for tax purposes.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>As of September 30, 2008, the deferred tax
asset related to the Company's net operating loss carryforward is fully
reserved. &nbsp;Due to the provisions of IRS 382, the Company may have no net
operating loss carryforwards available to offset financial statement or tax
return taxable income in future periods as a result of a change in control
involving 50 percentage points or more of the issued and outstanding securities
of the Company.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In June 2006, the FASB issued
Interpretation No. 48 "Accounting for Uncertainty in Income Taxes, and
Interpretation of FASB Statement No. 109" (FIN 48). We adopted FIN 48 on July 1,
2007. Under FIN 48, tax benefits are recognized only for tax positions that are
more likely than not to be sustained upon examination by tax authorities. The
amount recognized is measured as the largest amount of benefit that is greater
than 50 percent likely to be realized upon ultimate settlement. Unrecognized tax
benefits are tax benefits claimed in our tax returns that do not meet these
recognition and measurement standards. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>c. Cash Equivalents </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company considers all highly liquid
investments with a maturity of three months or less when purchased to be cash
equivalents. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>d. Estimates </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The preparation of financial statements in
conformity with generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.
</P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-6</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>e. Shares Issued
for Services</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Shares issued for services are recognized
according to Statement of Financial Accounting Standards No. 123(r) which
requires that share based payments are measured at fair value and recognized
over the service period. In the current year, the Company recognized $10,250 in
expenses relating to the issuance of common shares for services performed on the
Company&#146;s behalf.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>f. Basic Loss Per Common Share </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Basic loss per common share has been
calculated based on the weighted average number of shares outstanding. In
accordance with Financial Accounting Standards No. 128, "Earnings Per Share,"
basic loss per common share is computed using the weighted average number of
common shares outstanding. Diluted earnings per share is computed using weighted
average number of common shares plus dilutive common share equivalents
outstanding during the period using the treasury stock method. During periods of
net losses dilutive shares are not included, due to anti-dilutive results. As of
September 30, 2008 and 2007, there were common share equivalents, attributable
to convertible debt, of 4,493,000 and 3,032,500, respectively. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>g. Impact of New Accounting Standards </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In September 2006, the FASB issued "Fair
Value Measurements" (SFAS No. 157). SFAS No. 157 establishes a common definition
of fair value to be applied to US GAAP guidance that requires the use of fair
value, establishes a framework for measuring fair value and expands disclosure
about such fair value measurements. SFAS No. 157 is effective for fiscal years
beginning after November 15, 2007. The Company is currently assessing the impact
of adopting SFAS No. 157, but does not presently expect that it will have a
material effect on the financial position or results of operations. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In December 2007, the FASB issued SFAS 160,
"Noncontrolling Interests in Consolidated Financial Statements - an amendment of
ARB No. 51." This Statement amends ARB 51 to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in
a subsidiary is an ownership interest in the consolidated entity that should be
reported as equity in the consolidated financial statements. This Statement is
effective for fiscal years beginning on or after December 15, 2008. Early
adoption is not permitted. Management is currently evaluating the effects of
this statement, but it is not expected to have any impact on the Company's
financial statements. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In February 2007, the FASB issued SFAS 159,
"The Fair Value Option for Financial Assets and Financial Liabilities." SFAS 159
creates a fair value option allowing an entity to irrevocably elect fair value
as the initial and subsequent measurement attribute for certain financial assets
and financial liabilities, with changes in fair value recognized in earnings as
they occur. SFAS 159 also requires an entity to report those financial assets
and financial liabilities measured at fair value in a manner that separates
those reported fair values from the carrying amounts of assets and liabilities
measured using another measurement attribute on the face of the statement of
financial position. Lastly, SFAS 159 requires an entity to provide information
that would allow users to understand the effect on earnings of changes in the
fair value on those instruments selected for the fair value election. SFAS 159
is effective for fiscal years beginning after November 15, 2007 with early
adoption permitted. The Company is continuing to evaluate SFAS 159 and to assess
the impact on its results of operations and financial condition if an election
is made to adopt the standard. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In December 2007, the FASB issued Statement
of Financial Accounting Standards (&#147;SFAS&#148;) No. 141(R), &#147;Business
Combinations.&#148;&nbsp;SFAS No. 141(R) changes the accounting for and reporting of
business combination transactions in the following way:&nbsp; Recognition with
certain exceptions, of 100% of the fair values of assets acquired, liabilities
assumed, and noncontrolling interests of acquired businesses; measurement of all
acquirer shares issued in consideration for a business combination at fair value
on the acquisition date; recognition of contingent consideration arrangements at
their acquisition date fair values, with subsequent changes in fair value
generally reflected in earnings; recognition of pre-acquisition gain and loss
contingencies at their acquisition date fair value; capitalization of in-process
research and development (IPR&amp;D) assets acquired at acquisition date fair
value; recognition of acquisition-related transaction costs as expense when
incurred; recognition of acquisition-related restructuring cost accruals in
acquisition accounting only if the criteria in Statement No. 146 are met as of
the acquisition date; and recognition of changes in the acquirer&#146;s income tax
valuation allowance resulting from the business combination separately from the
business combination as adjustments to income tax expense.&nbsp; SFAS No. 141(R)
is effective for the first annual reporting period beginning on or after
December 15, 2008 with earlier adoption prohibited.&nbsp; The adoption of SFAS
No. 141(R) will affect valuation of business acquisitions made in 2009 and
forward.&nbsp;&nbsp; We do not anticipate a material impact upon adoption.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In March 2008, the FSAB issued SFAS No.
161, &#147;Disclosures about Derivative Instruments and Hedging Activities.&#148;&nbsp;
SFAS 161 is intended to improve financial reporting about derivative instruments
and hedging activities by requiring enhanced disclosures to enable investors to
better understand their effects on an entity's financial position, financial
performance, and cash flows.&nbsp; SFAS 161 is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008, with early application encouraged.&nbsp; We do not anticipate a
material impact upon adoption.</P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-7</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>In May 2008, the
FASB issued SFAS No. 162, "The Hierarchy of Generally Accepted Accounting
Principles." SFAS No. 162 identifies the sources of accounting principles and
provides entities with a framework for selecting the principles used in
preparation of financial statements that are presented in conformity with GAAP.
The current GAAP hierarchy has been criticized because it is directed to the
auditor rather than the entity, it is complex, and it ranks FASB Statements of
Financial Accounting Concepts, which are subject to the same level of due
process as FASB Statements of Financial Accounting Standards, below industry
practices that are widely recognized as generally accepted but that are not
subject to due process. The Board believes the GAAP hierarchy should be directed
to entities because it is the entity (not its auditors) that is responsible for
selecting accounting principles for financial statements that are presented in
conformity with GAAP. SFAS 162 is effective 60 days following the SEC's approval
of PCAOB Auditing Standard No. 6, Evaluating Consistency of Financial Statements
(AS/6). The adoption of FASB 162 is not expected to have a material impact on
the Company's financial position. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>In May 2008, the FASB issued SFAS No. 163,
"Accounting for Financial Guarantee Insurance Contracts-an interpretation of
FASB Statement No. 60." Diversity exists in practice in accounting for financial
guarantee insurance contracts by insurance enterprises under FASB Statement No.
60, Accounting and Reporting by Insurance Enterprises. This results in
inconsistencies in the recognition and measurement of claim liabilities. This
Statement requires that an insurance enterprise recognize a claim liability
prior to an event of default (insured event) when there is evidence that credit
deterioration has occurred in an insured financial obligation. This Statement
requires expanded disclosures about financial guarantee insurance contracts. The
accounting and disclosure requirements of the Statement will improve the quality
of information provided to users of financial statements. SFAS 163 is effective
for financial statements issued for fiscal years beginning after December 15,
2008, and interim periods within those fiscal years. The adoption of FASB 163 is
not expected to have a material impact on the Company's financial position. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>NOTE 3 - GOING CONCERN </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The Company's financial statements are
prepared using generally accepted accounting principles applicable to a going
concern that contemplates the realization of assets and liquidation of
liabilities in the normal course of business. The Company has limited financial
resources and its operations during the development stage have been
unprofitable. These factors raise substantial doubt about its ability to
continue as a going concern. Management plans to rely on loans from its current
officers and directors to fund its ongoing obligations. &nbsp;The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>NOTE 4 - STOCKHOLDERS' EQUITY </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Common Stock </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On January 18, 2008, the Company issued
5,000,000 shares of its common stock to the Munson Family Partnership and
5,000,000 shares of its common stock to Burkeley J. Priest as reimbursement for
services rendered on the Company&#146;s behalf. Jerry Rice, a former officer and
director, is the principal partner of Munson Family Partnership. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On June 2, 2008, the Company issued shares
of its common stock pursuant to the terms of three convertible promissory notes
at a rate of $.001 per share. The shares were issued as follows: Burkeley J.
Priest 937,500 shares; Burkeley J. Priest 2,457,500 shares; and Jerry Rice
575,000 shares. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On June 2, 2008, the Company issued 100,000
shares of its common stock at par to Burkeley J. Priest for his services as an
officer and director. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On August 15, 2008, the Company issued
150,000 shares of its common stock at par to Swen A. Mortsenson and N. Brent
Goold in exchange for accounting services. </P>
<P style="MARGIN: 0px" align=justify>&nbsp;</P>
<P style="MARGIN: 0px" align=justify>NOTE 5 - INCOME TAXES </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>No provision has been made in the financial
statements for income taxes because the Company has accumulated losses from
operations since inception. Any deferred tax benefit arising from the operating
loss carried forward is offset entirely by a valuation allowance since it is not
currently estimable when and if the Company will have taxable income to take
advantage of the losses. The valuation allowance has increased by $4,409 from
$40,627, as of September 30, 2007. </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=337></TD>
<TD width=21></TD>
<TD width=57></TD>
<TD width=21></TD>
<TD width=60></TD>
<TD width=15></TD>
<TD width=38></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=337>
<P style="MARGIN: 0px">Deferred Tax Asset</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=57>
<P style="MARGIN: 0px" align=center>Balance</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=60>
<P style="MARGIN: 0px" align=center>Tax</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=38>
<P style="MARGIN: 0px" align=center>Rate</P></TD></TR>
<TR>
<TD vAlign=top width=337>
<P style="MARGIN: 0px">Federal loss carryforward (expires through
2028)</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=57>
<P style="MARGIN: 0px" align=right>225,181</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=60>
<P style="MARGIN: 0px" align=right>33,777</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P style="MARGIN: 0px" align=right>15%</P></TD></TR>
<TR>
<TD vAlign=top width=337>
<P style="MARGIN: 0px">State loss carryforward (expires through
2023)</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=57>
<P style="MARGIN: 0px" align=right>225,181</P></TD>
<TD vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD vAlign=bottom width=60>
<P style="MARGIN: 0px" align=right>11,259</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P style="MARGIN: 0px" align=right>5%</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=337>
<P style="MARGIN: 0px">Valuation allowance</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=60>
<P style="MARGIN: 0px" align=right>(45,036)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=337>
<P style="MARGIN: 0px">Deferred tax asset</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=21>
<P style="MARGIN: 0px" align=right>$</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=60>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-8</P>
<P style="MARGIN: 0px" align=center><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=justify>Reported income
tax expense is reconciled to the amount computed on the basis of income before
income taxes at the statutory rate as follows: </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=258></TD>
<TD width=17></TD>
<TD width=108></TD>
<TD width=15></TD>
<TD width=109></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=258>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=17>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=232
colSpan=3><P style="MARGIN: 0px" align=center>For the years ended
September 30,</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=258>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=17>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=108>
<P style="MARGIN: 0px" align=center>2008</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=109>
<P style="MARGIN: 0px" align=center>2007</P></TD></TR>
<TR>
<TD vAlign=top width=258>
<P style="MARGIN: 0px">Statutory Benefit (Expense)</P></TD>
<TD vAlign=top width=17>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=top width=108>
<P style="MARGIN: 0px" align=center>(20%)</P></TD>
<TD vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD vAlign=top width=109>
<P style="MARGIN: 0px" align=center>(20%)</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=258>
<P style="MARGIN: 0px">Increase in Valuation Allowance</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=17>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=108>
<P style="MARGIN: 0px" align=center>20%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top width=109>
<P style="MARGIN: 0px" align=center>20%</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=258>
<P style="MARGIN: 0px">Reported provision for Income Taxes
&nbsp;&nbsp;&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=17>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=108>
<P style="MARGIN: 0px" align=center>-</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=15>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width=109>
<P style="MARGIN: 0px" align=center>-</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>Upon the adoption of FIN 48, we had no
liabilities for unrecognized tax benefits and, as such, the adoption had no
impact on our financial statements, and we have recorded no additional interest
or penalties. The adoption of FIN 48 did not impact our effective tax rates.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Our policy is to recognize potential
interest and penalties accrued related to unrecognized tax benefits within
income tax expense. For the year ended September 30, 2008, we did not recognize
any interest or penalties in our Statement of Operations, nor did we have any
interest or penalties accrued in our Balance Sheet at September 30, 2008
relating to unrecognized benefits.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The tax years 2004-2007 remain open to
examination for federal income tax purposes and by the other major taxing
jurisdictions to which we are subject.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>NOTE 6 &#150; CONVERTIBLE NOTES PAYABLE &#150;
RELATED PARTY</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>During the year ended September 30, 2008,
the Company borrowed $4,493 from Burke Priest, its sole officer and director,
under a convertible promissory note. &nbsp;The total amount borrowed under this
note is $4,493 with a maturity date of September 30, 2009. &nbsp;The notes bear
no interest and are convertible into shares of the Company&#146;s common stock at a
rate of $0.001 per share (par value). Management evaluated the convertible notes
in accordance with SFAS No. 133 and EITF 00-19 and determined that there is no
embedded derivative of the conversion feature of the note. &nbsp;Management
evaluated the convertible note payable in accordance with EITF 00-27 and
determined that there was no intrinsic value of the conversion option due to the
fact that the debt is not convertible at a discount to the market value of the
stock. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center>F-9</P>
<P style="MARGIN: 0px" align=center><BR></P></DIV></BODY>
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<DOCUMENT>
<TYPE>EX-14
<SEQUENCE>2
<FILENAME>smartdata10ksb093008ex14.htm
<DESCRIPTION>EX 14 CODE OF ETHICS
<TEXT>
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<HEAD>
<TITLE>EXHIBIT 14</TITLE>
<META NAME="author" CONTENT="User">
<META NAME="date" CONTENT="01/30/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px"><B>EXHIBIT 14</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Code of Ethics and Business Conduct for Officers, Directors and Employees of </B></P>
<P style="margin:0px" align=center><B>Smartdata Corporation</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>1.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Treat in an Ethical Manner Those to Whom Smartdata Corporation Has an Obligation</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>We are committed to honesty, just management, fairness, providing a safe and healthy environment free from the fear of retribution, and respecting the dignity due everyone. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>For the communities in which we live and work we are committed to observe sound environmental business practices and to act as concerned and responsible neighbors, reflecting all aspects of good citizenship. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>For our shareholders we are committed to pursuing sound growth and earnings objectives and to exercising prudence in the use of our assets and resources. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>2.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Promote a Positive Work Environment </B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>All employees want and deserve a workplace where they feel respected, satisfied, and appreciated. We respect cultural diversity and recognize that the various communities in which we may do business may have different legal provisions pertaining to the workplace. As such, we will adhere to the limitations specified by law in all of our localities, and further, we will not tolerate harassment or discrimination of any kind -- especially involving race, color, religion, gender, age, national origin, disability, and veteran or marital status. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Providing an environment that supports honesty, integrity, respect, trust, responsibility, and citizenship permits us the opportunity to achieve excellence in our workplace. While everyone who works for the Company must contribute to the creation and maintenance of such an environment, our executives and management personnel assume special responsibility for fostering a work environment that is free from the fear of retribution and will bring out the best in all of us. Supervisors must be careful in words and conduct to avoid placing, or seeming to place, pressure on subordinates that could cause them to deviate from acceptable ethical behavior. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>3.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Protect Yourself, Your Fellow Employees, and the World We Live In</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>We are committed to providing a drug-free, safe, and healthy work environment, and to observe environmentally sound business practices. We will strive, at a minimum, to do no harm and where possible, to make the communities in which we work a better place to live. Each of us is responsible for compliance with environmental, health, and safety laws and regulations. Observe posted warnings and regulations. Report immediately to the appropriate management any accident or injury sustained on the job, or any environmental or safety concern you may have. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>4.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Keep Accurate and Complete Records</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>We must maintain accurate and complete Company records. &nbsp;Transactions between the Company and outside individuals and organizations must be promptly and accurately entered in our books in accordance with generally accepted accounting practices and principles. &nbsp;No one should rationalize or even consider misrepresenting facts or falsifying records. It will not be tolerated and will result in disciplinary action.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>5.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Obey the Law</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>We will conduct our business in accordance with all applicable laws and regulations. &nbsp;Compliance with the law does not comprise our entire ethical responsibility. Rather, it is a minimum, absolutely essential condition for performance of our duties. &nbsp;In conducting business, we shall:</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; page-break-before:always" align=justify><B>a.</B></P>
<P style="margin:0px; padding-left:48px; text-indent:48px" align=justify><B>Strictly Adhere to All Antitrust Laws</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px" align=justify>Officer, directors and employees must strictly adhere to all antitrust laws. &nbsp;Such laws exist in the United States, the European Union, and in many other countries where the Company may conduct business. &nbsp;These laws prohibit practices in restraint of trade such as price fixing and boycotting suppliers or customers. They also bar pricing intended to run a competitor out of business; disparaging, misrepresenting, or harassing a competitor; stealing trade secrets; bribery; and kickbacks. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px" align=justify><B>b.</B></P>
<P style="margin:0px; padding-left:48px; text-indent:48px" align=justify><B>Strictly Comply with All Securities Laws</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px" align=justify>In our role as a publicly owned company, we must always be alert to and comply with the security laws and regulations of the United States and other countries. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px" align=justify><B>i.</B></P>
<P style="margin:0px; padding-left:96px; text-indent:48px" align=justify><B>Do Not Engage in Speculative or Insider Trading</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>Federal law and Company policy prohibits officers, directors and employees, directly or indirectly through their families or others, from purchasing or selling company stock while in the possession of material, non-public information concerning the Company. &nbsp;This same prohibition applies to trading in the stock of other publicly held companies on the basis of material, non-public information. To avoid even the appearance of impropriety, Company policy also prohibits officers, directors and employees from trading options on the open market in Company stock under any circumstances.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>Material, non-public information is any information that could reasonably be expected to affect the price of a stock. &nbsp;If an officer, director or employee is considering buying or selling a stock because of inside information they possess, they should assume that such information is material. It is also important for the officer, director or employee to keep in mind that if any trade they make becomes the subject of an investigation by the government, the trade will be viewed after-the-fact with the benefit of hindsight. Consequently, officers, directors and employees should always carefully consider how their trades would look from this perspective.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>Two simple rules can help protect you in this area: (1) Don&#146;t use non-public information for personal gain. (2) Don't pass along such information to someone else who has no need to know. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>This guidance also applies to the securities of other companies for which you receive information in the course of your employment at Smartdata Corporation </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px" align=justify><B>ii.</B></P>
<P style="margin:0px; padding-left:96px; text-indent:48px" align=justify><B>Be Timely and Accurate in All Public Reports</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>As a public company, Smartdata Corporation must be fair and accurate in all reports filed with the United States Securities and Exchange Commission. &nbsp;Officers, directors and management of Smartdata Corporation are responsible for ensuring that all reports are filed in a timely manner and that they fairly present the financial condition and operating results of the Company. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>Securities laws are vigorously enforced. &nbsp;Violations may result in severe penalties including forced sales of parts of the business and significant fines against the Company. There may also be sanctions against individual employees including substantial fines and prison sentences. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:96px" align=justify>The Chief Executive Officer and Chief Financial Officer will certify to the accuracy of reports filed with the SEC in accordance with the Sarbanes-Oxley Act of 2002. &nbsp;Officers and Directors who knowingly or willingly make false certifications may be subject to criminal penalties or sanctions including fines and imprisonment. </P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:-16px; page-break-before:always" align=justify><B>6.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Avoid Conflicts of Interest</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Our officers, directors and employees have an obligation to give their complete loyalty to the best interests of the Company. &nbsp;They should avoid any action that may involve, or may appear to involve, a conflict of interest with the company. &nbsp;Officers, directors and employees should not have any financial or other business relationships with suppliers, customers or competitors that might impair, or even appear to impair, the independence of any judgment they may need to make on behalf of the Company. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Here are some ways a conflict of interest could arise:</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Employment by a competitor, or potential competitor, regardless of the nature of the employment, while employed by Smartdata Corporation</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Acceptance of gifts, payment, or services from those seeking to do business with Smartdata Corporation </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Placement of business with a firm owned or controlled by an officer, director or employee or his/her family. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Ownership of, or substantial interest in, a company that is a competitor, client or supplier.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Acting as a consultant to a Smartdata Corporation customer, client or supplier.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>-</P>
<P style="margin:0px; padding-left:96px" align=justify>Seeking the services or advice of an accountant or attorney who has provided services to Smartdata Corporation</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Officers, directors and employees are under a continuing obligation to disclose any situation that presents the possibility of a conflict or disparity of interest between the officer, director or employee and the Company. Disclosure of any potential conflict is the key to remaining in full compliance with this policy.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>7.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Compete Ethically and Fairly for Business Opportunities</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>We must comply with the laws and regulations that pertain to the acquisition of goods and services. &nbsp;We will compete fairly and ethically for all business opportunities. &nbsp;In circumstances where there is reason to believe that the release or receipt of non-public information is unauthorized, do not attempt to obtain and do not accept such information from any source. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>If you are involved in Company transactions, you must be certain that all statements, communications, and representations are accurate and truthful. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>8.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Avoid Illegal and Questionable Gifts or Favors</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The sale and marketing of our products and services should always be free from even the perception that favorable treatment was sought, received, or given in exchange for the furnishing or receipt of business courtesies. &nbsp;Officers, directors and employees of Smartdata Corporation will neither give nor accept business courtesies that constitute, or could be reasonably perceived as constituting, unfair business inducements or that would violate law, regulation or policies of the Company, or could cause embarrassment to or reflect negatively on the Company&#146;s reputation. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>9.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Maintain the Integrity of Consultants, Agents, and Representatives</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Business integrity is a key standard for the selection and retention of those who represent Smartdata Corporation Agents, representatives, or consultants must certify their willingness to comply with the Company&#146;s policies and procedures and must never be retained to circumvent our values and principles. Paying bribes or kickbacks, engaging in industrial espionage, obtaining the proprietary data of a third party without authority, or gaining inside information or influence are just a few examples of what could give us an unfair competitive advantage and could result in violations of law. </P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:-16px; page-break-before:always" align=justify><B>10.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Protect Proprietary Information</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Proprietary Company information may not be disclosed to anyone without proper authorization. &nbsp;Keep proprietary documents protected and secure. In the course of normal business activities, suppliers, customers, and competitors may sometimes divulge to you information that is proprietary to their business. &nbsp;Respect these confidences. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>11.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Obtain and Use Company Assets Wisely</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Personal use of Company property must always be in accordance with corporate policy. &nbsp;Proper use of Company property, information resources, material, facilities, and equipment is your responsibility. &nbsp;Use and maintain these assets with the utmost care and respect, guarding against waste and abuse, and never borrow or remove Company property without management's permission. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>12.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Follow the Law and Use Common Sense in Political Contributions and Activities</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Smartdata Corporation encourages its employees to become involved in civic affairs and to participate in the political process. &nbsp;Employees must understand, however, that their involvement and participation must be on an individual basis, on their own time, and at their own expense. &nbsp;In the United States, federal law prohibits corporations from donating corporate funds, goods, or services, directly or indirectly, to candidates for federal offices -- this includes employees' work time. Local and state laws also govern political contributions and activities as they apply to their respective jurisdictions, and similar laws exist in other countries. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>13.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Board Committees.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The Company shall establish an Audit Committee empowered to enforce this Code of Ethics. &nbsp;The Audit Committee will report to the Board of Directors at least once each year regarding the general effectiveness of the Company&#146;s Code of Ethics, the Company&#146;s controls and reporting procedures and the Company&#146;s business conduct. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px" align=justify><B>14.</B></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Disciplinary Measures.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The Company shall consistently enforce its Code of Ethics and Business Conduct through appropriate means of discipline. Violations of the Code shall be promptly reported to the Audit Committee. &nbsp;Pursuant to procedures adopted by it, the Audit Committee shall determine whether violations of the Code have occurred and, if so, shall determine the disciplinary measures to be taken against any employee or agent of the Company who has so violated the Code.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The disciplinary measures, which may be invoked at the discretion of the Audit Committee, include, but are not limited to, counseling, oral or written reprimands, warnings, probation or suspension without pay, demotions, reductions in salary, termination of employment and restitution.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Persons subject to disciplinary measures shall include, in addition to the violator, others involved in the wrongdoing such as (i) persons who fail to use reasonable care to detect a violation, (ii) persons who if requested to divulge information withhold material information regarding a violation, and (iii) supervisors who approve or condone the violations or attempt to retaliate against employees or agents for reporting violations or violators.</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>4</P>
<P style="margin:0px"><BR></P>
</DIV></BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>3
<FILENAME>smartdata10ksb093008ex311.htm
<DESCRIPTION>EX 31.1 SECTION 302 CEO/CFO CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Exhibit 31.1</TITLE>
<META NAME="author" CONTENT="User">
<META NAME="date" CONTENT="01/30/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px">Exhibit 31.1</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>CERTIFICATION</P>
<P style="margin:0px" align=center>OF CHIEF EXECUTIVE OFFICER AND</P>
<P style="margin:0px" align=center>CHIEF FINANCIAL OFFICER</P>
<P style="margin:0px" align=center>PURSUANT TO</P>
<P style="margin:0px" align=center>18 U.S.C. SECTION 1350,</P>
<P style="margin:0px" align=center>AS ADOPTED PURSUANT TO SECTION 302 OF</P>
<P style="margin:0px" align=center>THE SARBANES-OXLEY ACT OF 2002</P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px" align=justify>I, Burke Priest, certify that:</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>1. I have reviewed this amended annual report on Form 10-KSB of Smartdata Corporation for the 2008 fiscal year.</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this yearly report;</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this amended yearly report;</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a&#150;15(e) and 15d&#150;15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a&#150;15(f) and 15d&#150;15(f)) for the registrant and have:</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the a registrant is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0px; padding-left:24px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0px; padding-left:24px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0px; padding-left:24px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(a) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</P>
<P style="margin:0px; padding-left:24px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-left:24px" align=justify>(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Dated: February 5, 2009</P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify><I><U>/s/ Burke Priest</U></I><U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0px" align=justify>Burke Priest</P>
<P style="margin:0px" align=justify>Chief Executive Officer and</P>
<P style="margin:0px" align=justify>Chief Financial Officer</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>smartdata10ksb093008ex321.htm
<DESCRIPTION>EX 32.1 SECTION 906 CEO/CFO CERTIFICATIONS
<TEXT>
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<TITLE>Exhibit 32.1</TITLE>
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<DIV style="width:576px"><P style="margin:0px">Exhibit 32.1</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>CERTIFICATION PURSUANT TO</P>
<P style="margin:0px" align=center>18 U.S.C. SECTION 1350,</P>
<P style="margin:0px" align=center>AS ADOPTED PURSUANT TO</P>
<P style="margin:0px" align=center>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>In connection with this Yearly Report of Smartdata Corporation (the &quot;Company&quot;) on Form 10-KSB for the year ending September 30, 2008, as filed with the Securities and Exchange Commission on the date hereof (the &quot;Report&quot;), I, Burke Priest, Chief Executive Officer and Chief Financial Officer of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:</P>
<P style="margin:0px; font-family:Courier New" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>(1) &nbsp;The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</P>
<P style="margin:0px; font-family:Courier New" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>(2) &nbsp;The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.</P>
<P style="margin:0px; font-family:Courier New" align=justify>&nbsp;</P>
<P style="margin:0px; font-family:Courier New" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify><I><U>/s/ Burke Priest &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></P>
<P style="margin:0px" align=justify>Burke Priest</P>
<P style="margin:0px" align=justify>Chief Executive Officer and</P>
<P style="margin:0px" align=justify>Chief Financial Officer</P>
<P style="margin:0px; font-family:Courier New" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify>February 5, 2009</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
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