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<SEC-DOCUMENT>0001078782-03-000234.txt : 20031110
<SEC-HEADER>0001078782-03-000234.hdr.sgml : 20031110
<ACCEPTANCE-DATETIME>20031107184138
ACCESSION NUMBER:		0001078782-03-000234
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20030930
FILED AS OF DATE:		20031110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SICLONE INDUSTRIES INC
		CENTRAL INDEX KEY:			0001083446
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				87042699
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25809
		FILM NUMBER:		03986490

	BUSINESS ADDRESS:	
		STREET 1:		6269 JAMESTOWN COURT
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84121
		BUSINESS PHONE:		801-566-6627

	MAIL ADDRESS:	
		STREET 1:		6269 JAMESTOWN COURT
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84121
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>siclone903qsb.htm
<DESCRIPTION>SEPTEMBER 30, 2003 10-QSB
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>U</TITLE>
<META NAME="author" CONTENT="Trent Waddoups">
<META NAME="date" CONTENT="11/07/2003">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<BR>
<BR>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>FORM 10-QSB</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ X ] &nbsp;&nbsp;&nbsp;&nbsp;QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the quarterly period ended September 30, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;&nbsp;TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the transition period from &nbsp;&nbsp;&nbsp;&nbsp;to</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Commission File Number <B>000-25809</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>&nbsp;(Exact name of small business issuer as specified in its charter)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<TABLE cellspacing=0><TR><TD valign=top width=115.2>&nbsp;</TD><TD valign=top width=240><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Delaware</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=top width=240><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>87-042699</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>&nbsp;(IRS Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>6269 Jamestown Court, Salt Lake City, Utah 84121</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>&nbsp;(Address of principal executive offices)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>801-566-6627</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Issuer&#146;s telephone number)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Not Applicable</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Former name, address and fiscal year, if changed since last report)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X] No [ &nbsp;]</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>APPLICABLE ONLY TO CORPORATE ISSUERS:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>State the number of shares outstanding of each of the issuer&#146;s classes of common equity, as the most recent praticable date:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>As of September 30, 2003 the issuer had 23,810,000 shares of common stock, $.001 par value, issued and outstanding.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Transitional Small Business Format: &nbsp;Yes [ &nbsp;&nbsp;] &nbsp;No [ X ]</P>
<BR>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman">#</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>FORM 10-QSB</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>SICLONE INDUSTRIES, INC.</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>SEPTEMBER 30, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>INDEX</P>
<TABLE cellspacing=0><TR><TD valign=top width=97.2>&nbsp;</TD><TD valign=top width=408.8>&nbsp;</TD><TD valign=top width=84.333><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>Page</P>
</TD></TR>
<TR><TD valign=top width=97.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">PART I.</P>
</TD><TD valign=top width=408.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Financial Information</P>
</TD><TD valign=top width=84.333><P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
</TD></TR>
<TR><TD valign=top width=97.2>&nbsp;</TD><TD valign=top width=408.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Item 1. &nbsp;Unaudited Financial Statements </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Balance Sheets September 30, 2003 and December 31, 2002</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Statements of Operations (unaudited) for the Nine Months and Three Months Ended September 30, 2003 and 2002, and for the Period from Inception on November 1, 1985 through September 30, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Statement of Stockholders Equity (Deficit)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Statements of Cash Flows (unaudited) for the Nine Months Ended September 30, 2003 and 2002, and from the Period from Inception on November 1, 1985 through September 30, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Notes to Financial Statements</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Item 2. &nbsp;Management&#146;s Discussion and Analysis of Financial Condition</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Item 3. &nbsp;Controls and Procedures</P>
</TD><TD valign=top width=84.333><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>3</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>4</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>5</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>6-9</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>10</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>11</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>12</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>13</P>
</TD></TR>
<TR><TD valign=top width=97.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">PART II.</P>
</TD><TD valign=top width=408.8><P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Other Information</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Item 6. &nbsp;Exhibits and Reports on Form 8-K</P>
</TD><TD valign=top width=84.333><P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>14</P>
</TD></TR>
<TR><TD valign=top width=97.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
</TD><TD valign=top width=408.8><P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Signatures</P>
</TD><TD valign=top width=84.333><P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>14</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(Inapplicable items have been omitted)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<BR>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman">#</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>PART I.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Financial Information</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Item 1. &nbsp;Financial Statements (unaudited)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>In the opinion of management, the accompanying unaudited financial statements included in this Form 10-QSB reflect all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for the periods presented. &nbsp;The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman">#</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Balance Sheets</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><U>ASSETS</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:305.75pt; line-height:13pt; font-family:Arial; font-size:11pt">September 30,</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:387pt; line-height:13pt; font-family:Arial; font-size:11pt">December 31,</P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:326.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>2003</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:416.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>2002</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:310.95pt; line-height:13pt; font-family:Arial; font-size:11pt">(Unaudited)</P>
<P style="margin:0pt; text-indent:373.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">CURRENT ASSETS</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Cash</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:361.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:387pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>209</U></P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:361.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin:0pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>209</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL ASSETS</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:361.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:387pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin:0pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>209</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:94.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">CURRENT LIABILITIES</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Accounts payable - related party</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:347.75pt; line-height:13pt; font-family:Arial; font-size:11pt">26,212</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:387pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">21,712</P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Accrued interest - related party </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:353.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>3,668</U></P>
<P style="margin:0pt; text-indent:438.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>1,871</U></P>
<P style="margin:0pt; text-indent:297pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:347.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>29,880</U></P>
<P style="margin:0pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>23,583</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">STOCKHOLDERS' EQUITY (DEFICIT)</P>
<P style="margin:0pt; text-indent:297pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Preferred stock: 5,000,000 shares authorized at</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:18pt; line-height:13pt; font-family:Arial; font-size:11pt">$0.001 par value; -0- shares issued and outstanding</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:374.35pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Common stock: 30,000,000 shares authorized &nbsp;</P>
<P style="margin:0pt; text-indent:378pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:18pt; line-height:13pt; font-family:Arial; font-size:11pt">at $0.001 par value; 23,810,000 shares issued and</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:18pt; line-height:13pt; font-family:Arial; font-size:11pt">outstanding</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:347.75pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin:0pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Additional paid-in capital</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:342.25pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin:0pt; text-indent:427.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Deficit accumulated during the development stage</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:338.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(637,107</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(630,877</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Equity (Deficit)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:344.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(29,604</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:429.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(23,374</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U></U>)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:13.5pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;(DEFICIT)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:361.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:387pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin:0pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>209</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>#</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Operations</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:492.1pt; line-height:12.5pt; font-family:Arial; font-size:11pt">From</P>
<P style="margin:0pt; text-indent:531pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:477pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">Inception on</P>
<P style="margin:0pt; text-indent:531pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-right:-9pt; text-indent:481.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">November 1,</P>
<P style="margin:0pt; padding-right:-9pt; text-indent:540pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-left:189pt; padding-right:-9pt; text-indent:8.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">For the Nine Months Ended</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-left:189pt; padding-right:-9pt; text-indent:150.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">For the Three Months Ended</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-left:189pt; padding-right:-9pt; text-indent:288pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">1985 through</P>
<P style="margin:0pt; padding-left:189pt; padding-right:-9pt; text-indent:351pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-left:189pt; padding-right:-9pt; text-indent:37.2pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>September 30,</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-12.5pt; padding-left:189pt; padding-right:-9pt; text-indent:181.2pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>September 30,</U></P>
<U></U><P style="margin:0pt; padding-left:189pt; padding-right:-9pt; text-indent:289.2pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">September 30,</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:210pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>2003</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:282pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>2002</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:354pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>2003</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:426pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>2002</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:493.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>2003</U></P>
<P style="margin:0pt; text-indent:531pt; font-family:Arial; font-size:10.5pt"><U><BR></U></P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">REVENUES</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:189pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:248.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:261pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:320.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:333pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:392.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:405pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:464.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:477pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$</P>
<P style="margin:0pt; text-indent:527.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">EXPENSES</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:224.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(6,230</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:253pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:296.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(4,544</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:325pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:368.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(1,342</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:397pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:440.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(1,222</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:469pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:498.6pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(41,604</P>
<P style="margin:0pt; text-indent:532pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin:0pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">LOSS FROM DISCONTINUED</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">&nbsp;OPERATIONS</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:248.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:320.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:392.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:464.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:493.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(595,503</U></P>
<P style="margin:0pt; text-indent:532pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">NET LOSS</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:189pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:224.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(6,230</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:253pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:261pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:296.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(4,544</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:325pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:333pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:368.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(1,342</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:397pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:405pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:440.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(1,222</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:469pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:477pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:493.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(637,107</U></P>
<P style="margin:0pt; text-indent:532pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">BASIC LOSS PER SHARE</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:189pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:230.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(0.00</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:253pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:261pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:302.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(0.00</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:325pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:333pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:374.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(0.00</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:397pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:405pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:446.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(0.00</U></P>
<P style="margin:0pt; text-indent:469pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin:0pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">WEIGHTED AVERAGE NUMBER OF</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">&nbsp;SHARES OUTSTANDING</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:204.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:276.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:348.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>23,810,000</U></P>
<P style="margin:0pt; text-indent:420.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>23,810,000</U></P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:416.75pt; line-height:13pt; font-family:Arial; font-size:11pt">Deficit</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Accumulated</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:332pt; line-height:13pt; font-family:Arial; font-size:11pt">Additional</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:408.35pt; line-height:13pt; font-family:Arial; font-size:11pt">During the</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:208.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Common Stock</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Paid-in</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.35pt; line-height:13pt; font-family:Arial; font-size:11pt">Development</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:187.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Shares</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:261pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Amount</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Capital</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:419.8pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Stage</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, November 1, 1985</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 500,000 shares of</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;common stock to Officers and</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;Directors for cash on</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;November 1, 1985 at</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;$0.02 per share</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:198.25pt; line-height:13pt; font-family:Arial; font-size:11pt">500,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:294pt; line-height:13pt; font-family:Arial; font-size:11pt">500</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:357.75pt; line-height:13pt; font-family:Arial; font-size:11pt">9,500</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Cancellation of 140,000 shares</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;on February 7, 1986</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:194.6pt; line-height:13pt; font-family:Arial; font-size:11pt">(140,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:234.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:290.35pt; line-height:13pt; font-family:Arial; font-size:11pt">(140</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:311.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:366pt; line-height:13pt; font-family:Arial; font-size:11pt">140</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Cancellation of 300,000 shares</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;on October 1, 1986</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:194.6pt; line-height:13pt; font-family:Arial; font-size:11pt">(300,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:234.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:290.35pt; line-height:13pt; font-family:Arial; font-size:11pt">(300</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:311.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:366pt; line-height:13pt; font-family:Arial; font-size:11pt">300</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 1,000,000 shares</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;of common stock to the public </P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;offered March 26, 1986 at</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;$0.10 per share</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:190pt; line-height:13pt; font-family:Arial; font-size:11pt">1,000,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:285.75pt; line-height:13pt; font-family:Arial; font-size:11pt">1,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:352.25pt; line-height:13pt; font-family:Arial; font-size:11pt">99,000</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Deferred offering costs offset</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;against additional paid-in capital</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:348.6pt; line-height:13pt; font-family:Arial; font-size:11pt">(18,678</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:383.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 10,700,000 shares</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;of common stock October 10,</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;1986 at $0.05 per share</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">10,700,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">10,700</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">483,251</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 50,000 shares</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;for promotional services at</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;$0.001 per share </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:203.75pt; line-height:13pt; font-family:Arial; font-size:11pt">50,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:299.5pt; line-height:13pt; font-family:Arial; font-size:11pt">50</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Accumulated losses from</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;formation on November 1, 1985 </P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;through December 31, 1987</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(502,196</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1987</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>11,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>11,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>573,513</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(502,196</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit) (Continued)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:416.75pt; line-height:13pt; font-family:Arial; font-size:11pt">Deficit</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Accumulated</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:332pt; line-height:13pt; font-family:Arial; font-size:11pt">Additional</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:408.35pt; line-height:13pt; font-family:Arial; font-size:11pt">During the</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:208.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Common Stock</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Paid-in</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.35pt; line-height:13pt; font-family:Arial; font-size:11pt">Development</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:187.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Shares</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:261pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Amount</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Capital</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:419.8pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Stage</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1987</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">573,513</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(502,196</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1988</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:429.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(92,783</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1988</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">573,513</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(594,979</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Cash contributed to additional</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;paid-in capital</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:227.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:304.1pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:352.25pt; line-height:13pt; font-family:Arial; font-size:11pt">10,180</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1989</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:443.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(524</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1989</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(595,503</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1990</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1990</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(595,503</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1991</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:443.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(758</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1991</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(596,261</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1992</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:443.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(651</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1992</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(596,912</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 1,000,000 shares </P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;of common stock to officer for </P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;cash September 7, 1993 at $0.001 </P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;per share</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:190pt; line-height:13pt; font-family:Arial; font-size:11pt">1,000,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:285.75pt; line-height:13pt; font-family:Arial; font-size:11pt">1,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;December 31, 1993 &nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;(2,513</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1993</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>12,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>12,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>583,693</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(599,425</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit) (Continued)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:416.75pt; line-height:13pt; font-family:Arial; font-size:11pt">Deficit</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Accumulated</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:332pt; line-height:13pt; font-family:Arial; font-size:11pt">Additional</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:408.35pt; line-height:13pt; font-family:Arial; font-size:11pt">During the</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:208.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Common Stock</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Paid-in</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.35pt; line-height:13pt; font-family:Arial; font-size:11pt">Development</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:187.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Shares</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:261pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Amount</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Capital</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:419.8pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Stage</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1993</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">12,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">12,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(599,425</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1994</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1994</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">12,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">12,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(599,425</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Issuance of 11,000,000 shares</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;of common stock to officer for</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;cash at $0.001 per share</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">11,000,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">11,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1995</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:443.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(438</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1995</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(599,863</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1996</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:435.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(1,256</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1996</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(601,119</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1997</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:435.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(1,373</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1997</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(602,492</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1998</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:443.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(770</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1998</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(603,262</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 1999</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:435.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(9,343</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 1999</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(612,605</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-387pt; line-height:13pt; font-family:Arial; font-size:11pt">December 31, 2000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-165.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-89.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-17.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:39.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(5,451</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:68.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 2000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>23,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>583,693</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(618,056</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit) (Continued)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:416.75pt; line-height:13pt; font-family:Arial; font-size:11pt">Deficit</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Accumulated</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:332pt; line-height:13pt; font-family:Arial; font-size:11pt">Additional</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:408.35pt; line-height:13pt; font-family:Arial; font-size:11pt">During the</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:208.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Common Stock</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.65pt; line-height:13pt; font-family:Arial; font-size:11pt">Paid-in</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:402.35pt; line-height:13pt; font-family:Arial; font-size:11pt">Development</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:187.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Shares</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:261pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Amount</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:339.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Capital</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:419.8pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>Stage</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 2000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(618,056</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">December 31, 2001</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:230.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:306.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:378.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:435.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(4,959</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U></U>)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 2001</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(623,015</P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the year ended </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;December 31, 2002</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-165.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-89.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-17.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:39.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(7,862</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:68.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, December 31, 2002</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-211.5pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810,000</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-115.75pt; line-height:13pt; font-family:Arial; font-size:11pt">23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-49.25pt; line-height:13pt; font-family:Arial; font-size:11pt">583,693</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:28.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(630,877</P>
<P style="margin:0pt; padding-left:396pt; text-indent:68.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">Net loss for the nine months </P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;ended September 30, 2003</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;(unaudited)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-165.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-89.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-17.15pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:39.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(6,230</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:68.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt">Balance, September 30, 2003</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;(unaudited)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:184.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:247.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:280.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>23,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:324pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:346.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>583,693</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(637,107</U></P>
<P style="margin:0pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; font-family:QuickType Mono"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Statements of Cash Flows</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:420.1pt; line-height:13pt; font-family:Arial; font-size:11pt">From</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:404.35pt; line-height:13pt; font-family:Arial; font-size:11pt">Inception on</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:403.3pt; line-height:13pt; font-family:Arial; font-size:11pt">November 1,</P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:207pt; text-indent:42.1pt; line-height:13pt; font-family:Arial; font-size:11pt">For the Nine Months Ended</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:207pt; text-indent:195.55pt; line-height:13pt; font-family:Arial; font-size:11pt">1985 through</P>
<P style="margin:0pt; padding-left:207pt; text-indent:256.5pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:278.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>September 30,</U></P>
<U><P style="margin:0pt; text-indent:400.25pt; line-height:13pt; font-family:Arial; font-size:11pt"></U>September 30,</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:259pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>2003</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>2002</U></P>
<U></U><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:421pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>2003</U></P>
<P style="margin:0pt; text-indent:463.5pt; font-family:Arial; font-size:11pt"><U><BR></U></P>
<P style="margin:0pt; text-indent:297pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH FLOWS FROM OPERATING </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">ACTIVITIES:</P>
<P style="margin:0pt; padding-right:-18pt; text-indent:225pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-382.5pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;Net loss</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-153pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-113.9pt; line-height:13pt; font-family:Arial; font-size:11pt">(6,230</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-84.65pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-72pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-28.4pt; line-height:13pt; font-family:Arial; font-size:11pt">(4,544</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:0.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:37.1pt; line-height:13pt; font-family:Arial; font-size:11pt">(637,107</P>
<P style="margin:0pt; padding-left:387pt; text-indent:77.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Adjustments to reconcile net loss to net</P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;cash provided used by operating activities:</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Shares issued for services</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:289.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:315pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">50</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Changes in operating assets and liabilities:</P>
<P style="margin:0pt; padding-right:-18pt; text-indent:225pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accounts payable</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:297.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:362.25pt; line-height:13pt; font-family:Arial; font-size:11pt">1,084</P>
<P style="margin:0pt; padding-right:-18pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Increase in accrued interest related party</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:276.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>1,797</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:383.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:438.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>3,668</U></P>
<P style="margin:0pt; padding-right:-18pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Used by Operating Activities</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:273.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(4,433</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:302.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:358.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(3,460</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:387.85pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(633,389</U></P>
<P style="margin:0pt; padding-right:-18pt; text-indent:464.35pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH FLOWS FROM INVESTING</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;ACTIVITIES:</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:383.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH FLOWS FROM FINANCING ACTIVITIES:</P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Proceeds from related parties</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:276.75pt; line-height:13pt; font-family:Arial; font-size:11pt">4,500</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:362.25pt; line-height:13pt; font-family:Arial; font-size:11pt">3,500</P>
<P style="margin:0pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">26,212</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Additional capital contributed</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:295.1pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:380.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin:0pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">10,180</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Stock offering costs</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:284.1pt; line-height:13pt; font-family:Arial; font-size:11pt">- &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:299.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:357.6pt; line-height:13pt; font-family:Arial; font-size:11pt">(18,678</P>
<P style="margin:0pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Issuance of common stock for cash</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:383.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:427.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>615,951</U></P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Provided by Financing Activities</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:276.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>4,500</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:362.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>3,500</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:427.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>633,665</U></P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:387pt; text-indent:-387pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-387pt; line-height:13pt; font-family:Arial; font-size:11pt">INCREASE (DECREASE) IN CASH</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-96.5pt; line-height:13pt; font-family:Arial; font-size:11pt">67</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-11pt; line-height:13pt; font-family:Arial; font-size:11pt">40</P>
<P style="margin:0pt; padding-left:387pt; text-indent:60pt; line-height:13pt; font-family:Arial; font-size:11pt">276</P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH AT BEGINNING OF PERIOD</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:285pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>209</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:370.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>347</U></P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>-</U></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH AT END OF PERIOD</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:234pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:285pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:315pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:370.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>387</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>276</U></P>
<P style="margin:0pt; text-indent:468pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">CASH PAID FOR</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Interest</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:234pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:295.1pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:315pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:380.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Income taxes</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:234pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:297.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:315pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:380.6pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:396pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin:0pt; text-indent:459.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">SUPPLEMENTAL SCHEDULE OF</P>
<P style="margin:0pt; padding-right:-18pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;NON-CASH FINANCING ACTIVITIES:</P>
<P style="margin:0pt; padding-right:-18pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-387pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;Common stock issued for services</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-153pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-100.15pt; line-height:13pt; font-family:Arial; font-size:11pt">- &nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-86.5pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-72pt; line-height:13pt; font-family:Arial; font-size:11pt">- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-1pt; line-height:13pt; font-family:Arial; font-size:11pt">$</P>
<P style="margin:0pt; padding-left:387pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;50</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Arial"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>Notes to the Financial Statements</P>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>September 30, 2003 and December 31, 2002</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>NOTE 1 -</P>
<P style="margin:0pt; text-indent:52.7pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>BASIS OF FINANCIAL STATEMENT PRESENTATION</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:52.7pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>The accompanying unaudited financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. &nbsp;Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted in accordance with such rules and regulations. &nbsp;The information furnished in the interim financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. &nbsp;Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company&#146;s most 
recent audited financial statements and notes thereto included in its December 31, 2002 Annual Report on Form 10-KSB. &nbsp;Operating results for the nine months ended September 30, 2003 are not necessarily indicative of the results that may be expected for the year ending December 31, 2003.</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>NOTE 2 -</P>
<P style="margin:0pt; text-indent:52.7pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>GOING CONCERN</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:52.7pt; line-height:13pt; font-family:Arial; font-size:11pt" align=justify>The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. &nbsp;However, the Company has little cash and has experienced losses from inception. &nbsp;Without realization of additional adequate financing, it would be unlikely for the Company to pursue and realize its objectives. &nbsp;The Company intends to seek a merger with an existing operating company. In the interim, an officer of the Company has committed to meeting its operating expenses.</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:11pt" align=justify><BR></P>
<BR>
<BR>
<BR>
<P style="margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>#</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 2. &nbsp;MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Forward-Looking Statement Notice</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">When used in this report, the words &#147;may,&#148; &#147;will,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;continue,&#148; &#147;estimate,&#148; &#147;project,&#148; &#147;intend,&#148; 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 the Company&#146;s future plans of operations, business strategy, operating results, and financial position. &nbsp;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. &nbsp;Such factors are discussed under the Management&#146;s 
Discussion and Analysis of Financial Condition or Plan of Operation, and also include general economic factors and conditions that may directly or indirectly impact the Company&#146;s financial condition or results of operations.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Description of Business.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Siclone Industries, Inc., originally incorporated in Delaware on November 1, 1985 as McKinnely Investments, Inc. &nbsp;The company changed its name to Accoline Industries, Inc. on November 5, 1986 and again changed its name to Siclone Industries, Inc. on May 24, 1988.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Siclone has not had active business operations since its inception and is considered a development stage company. &nbsp;In 1993, we entered into an agreement with Bradley S. Shepherd in which Mr. Shepherd agreed to become our sole officer and director and use his best efforts to organize and update our books and records and to seek business opportunities for potential acquisition or participation.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Siclone intends to seek, investigate, and if warranted, acquire an interest in a business opportunity. &nbsp;We do not propose to restrict our search for a business opportunity to any particular industry or geographical area and may, therefore, engage in essentially any business in any industry. &nbsp;Our management has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions and other factors.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The selection of a business opportunity in which to participate is complex and extremely risky and will be made by management in the exercise of its business judgment. &nbsp;There is no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to our company and shareholders.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Our activities are subject to several significant risks which arise primarily because we have no specific business and may acquire or participate in a business opportunity based solely on the decision of management. &nbsp;Our management will, in all probability, act without the consent, vote, or approval of our shareholders.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>Three and Nine Month Periods Ended September 30, 2003 and 2002</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Siclone had no operations and did not generate any revenue during the three month and nine month periods ended September 30, 2003 and 2002.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Expenses for the three months ended September 30, 2003 were $1,342 compared to expenses of $1,222 during the comparable period in 2002. &nbsp;Expenses during both periods consisted of general corporate administration, legal and professional expenses, and accounting and auditing costs. &nbsp;As a result of the foregoing factors, Siclone realized a net loss of $1,342 for the three months ended September 30, 2003 and a net loss of $1,222 for the three months ended September 30, 2002.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">During the nine months ended September 30, 2003, expenses were $6,230 compared to expenses of $4,544 during the nine months ended September 30, 2002. &nbsp;Expenses during both periods consisted of general and administrative expenses including legal, accounting and auditing costs. &nbsp;Increased expenses during 2003 were the result of increases in accounting and professional fees. &nbsp;As a result of these factors, Siclone realized net losses of $6,230 for the nine months ended September 30, 2003 and $4,544 for the comparable period in 2002. &nbsp;Cumulative net loss from inception through September 30, 2003 was $637,107 including $595,503 in loss from discontinued operations.</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>Liquidity and Capital Resources</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">At September 30, 2003, total assets consisted of $276 in cash compared to assets of $209 in cash at December 31, 2002. &nbsp;Total current liabilities at September 30, 2003 were $29,880 consisting of $26,212 in accounts payable to our sole officer and director and $3,668 in accrued interest. &nbsp;Liabilities at December 31, 2002 were $25,583 consisting of $21,712 in related party accounts payable and $1,871 in accrued interest. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">In the past, Siclone has primarily relied on advances from officers and directors to cover operating costs. &nbsp;Management anticipates that Siclone will receive sufficient advances from its current president to meet its operating needs through the next 12 months. &nbsp;However, there are no formal agreements or understandings to that effect. &nbsp;Our need for capital may change dramatically if we acquire an interest in a business opportunity during the coming months. &nbsp;Should we require additional capital, we may seek additional advances from officers or directors, sell Siclone common equity or find other forms of debt financing. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Our current operating plan is to handle our administrative and reporting requirements as a public company, and continue searching for potential businesses, products, technologies and companies for acquisition. &nbsp;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. &nbsp;Further, there can be no assurance 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.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 3. &nbsp;Controls and Procedures</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Within the 90-day period prior to the date of this report, under the supervision of our sole executive officer and director, we evaluated the effectiveness and operation of our disclosure controls and procedures pursuant to Rule 13a-14 of the Securities Exchange Act of 1934. &nbsp;Based on that evaluation, our sole executive officer and director concluded that our information disclosure controls and reporting procedures are effective. &nbsp;There have been no significant changes in internal controls or other factors that could significantly affect internal controls subsequent to the date we carried out our evaluation. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<BR>
<BR>
<BR>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>PART II. &nbsp;OTHER INFORMATION</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 6. &nbsp;Exhibits and Reports on Form 8-K.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<TABLE cellspacing=0><TR><TD valign=top width=120><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Exhibit </B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Number </B></P>
</TD><TD valign=top width=420><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Title</B></P>
</TD><TD valign=top width=84><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Location</B></P>
</TD></TR>
<TR><TD valign=top width=120><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">31.1</P>
</TD><TD valign=top width=420><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=top width=84><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Attached</P>
</TD></TR>
<TR><TD valign=top width=120><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">32.1</P>
</TD><TD valign=top width=420><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=top width=84><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Attached</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Reports on Form 8-K:</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">No reports on Form 8-K were filed by the Company during the quarter ended September 30, 2003.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:180pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">In accordance with the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; padding-left:252pt; text-indent:-252pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:252pt; text-indent:-252pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:252pt; text-indent:-252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: November 7, 2003</P>
<P style="margin:0pt; padding-left:252pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">By: <U>/s/Bradley S. Shepherd</U></P>
<P style="margin:0pt; padding-left:252pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Bradley S. Shepherd</P>
<P style="margin:0pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Chief Financial Officer</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
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<SEQUENCE>3
<FILENAME>siclone903qsbex311.htm
<DESCRIPTION>EX 31.1 SECTION 302 CEO/CFO CETIFICATIONS
<TEXT>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Exhibit 31.1 </B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">I, Bradley S. Shepherd, the Chief Executive Officer and Chief Financial Officer of Siclone Industries, Inc. (the &#147;Company&#148;), certify that:</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">1. I have reviewed this quarterly report on Form 10-QSB of the Company;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">4. As certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and I have:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">b) evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the &#147;Evaluation Date&#148;); and</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">c) presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">5. As certifying officer, I have disclosed, based on my most recent evaluation, to the registrant&#146;s auditors and the audit committee of registrant&#146;s board of directors (or persons performing the equivalent function):</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">6. I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
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<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">November 7, 2003 </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/Bradley S. Shepherd</U></P>
<P style="margin:0pt; text-indent:432pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:216pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Bradley S. Shepherd</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Financial Officer</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>siclone903qsbex321.htm
<DESCRIPTION>EX 32.1 SECTION 906 CEO/CFO CERTIFICATIONS
<TEXT>
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<TITLE>Exhibit 32</TITLE>
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<META NAME="date" CONTENT="11/07/2003">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Exhibit 32.1</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>CERTIFICATION PURSUANT TO</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>18 U.S.C. SECTION 1350,</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>AS ADOPTED PURSUANT TO</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">In connection with the Quarterly Report of Siclone Industries, Inc. (the &#147;Company&#148;) on Form 10-QSB for the period ended September 30, 2003 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Bradley S. Shepard, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge: </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(1) 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:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.</P>
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<P style="margin:0pt; text-indent:288pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/Bradley S. Shepherd</U></P>
<P style="margin:0pt; padding-left:252pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Bradley S. Shepherd</P>
<P style="margin:0pt; text-indent:288pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer</P>
<P style="margin:0pt; text-indent:288pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Financial Officer</P>
<P style="margin:0pt; text-indent:288pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">November 7, 2003</P>
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