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<SEC-DOCUMENT>0001078782-04-000277.txt : 20041115
<SEC-HEADER>0001078782-04-000277.hdr.sgml : 20041115
<ACCEPTANCE-DATETIME>20041112175705
ACCESSION NUMBER:		0001078782-04-000277
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040930
FILED AS OF DATE:		20041115
DATE AS OF CHANGE:		20041112

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:		041140973

	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>siclone904qsb.htm
<DESCRIPTION>SEPTEMBER 30, 2004 10-QSB
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>U</TITLE>
<META NAME="author" CONTENT="Cletha Walstrand">
<META NAME="date" CONTENT="11/11/2004">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<BR>
<BR>
<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>U.S. Securities and Exchange Commission</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Washington, D.C. &nbsp;20549</P>
<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">(Mark One)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">[ X] &nbsp;QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">For the quarterly period ended September 30, 2004</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">[ &nbsp;] &nbsp;TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT</P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">For the transition period from _____________ to ______________</P>
<P style="margin:0pt; text-indent:36pt; 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=center>Commission file number: <B>000-25809</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" 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>(Exact name of small business issuer as specified in its charter)</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:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Delaware</B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>87-042699</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or other jurisdiction of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer Identification No.)</P>
<P style="margin:0pt; padding-left:144pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation or organization)</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=center><B>6269 Jamestown Court, Salt Lake City, Utah &nbsp;84121</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Address of principal executive offices)</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=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"><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, former address and former fiscal year, if changed since last 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">Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. &nbsp;Yes &nbsp;[ X] &nbsp;No [ &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" align=center>APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>THE PRECEDING FIVE YEARS</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">Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under plan confirmed by a court. &nbsp;Yes ____ &nbsp;No ____</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=center>APPLICABLE ONLY TO CORPORATE ISSUERS</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">The aggregate number of shares issued and outstanding of the issuer&#146;s common stock as of September 30, 2004 was 23,810,000 shares of $0.001par value.</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">Transitional Small Business Disclosure Format (Check one):</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Yes [ &nbsp;] &nbsp;No [X]</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="page-break-before:always; margin:0pt; font-family:QuickType Mono; font-size:11pt"><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; 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 style="font-size:10pt" cellspacing=0><TR><TD valign=top width=97><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=408><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=84><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><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">PART I.</P>
</TD><TD valign=top width=408><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Financial Information</P>
</TD><TD valign=top width=84>&nbsp;</TD></TR>
<TR><TD valign=top width=97><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=408><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, 2004 and December 31, 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">Statements of Operations for the Three and Nine Months Ended September 30, 2004 and 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 Changes in Stockholders&#146; Equity for the Three Months Ended September 30, 2004.</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 Cash Flows for the Three and Nine Months Ended September 30, 2004 and 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 and 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">Item 3. &nbsp;Controls and Procedures</P>
</TD><TD valign=top width=84><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"><BR></P>
<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; 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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>5-8</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" align=right><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</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=right>10</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" 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; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>14</P>
</TD></TR>
<TR><TD valign=top width=97><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><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><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"><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>&nbsp;</TD><TD valign=top width=408><P style="margin:0pt; line-height:13pt; 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><P style="margin:0pt; line-height:13pt; 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">(Inapplicable items have been omitted)</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; font-family:QuickType Mono; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<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=center><B>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Balance Sheets</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Unaudited)</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:Arial; font-size:11pt"><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>2004</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>2003</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; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">Cash</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:336.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352</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; text-indent:22.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Total Current Assets</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:336.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</U></P>
<P style="margin:0pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352</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">TOTAL ASSETS</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:336.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</U></P>
<P style="margin:0pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352</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"><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; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:4.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Accounts payable</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:334pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702</P>
<P style="margin:0pt; text-indent:421.35pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:4.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Accounts payable - related party</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:347.75pt; line-height:13pt; font-family:Arial; font-size:11pt">33,087</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">27,212</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:4.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Accrued interest - related party </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:336.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,595</U></P>
<P style="margin:0pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,318</U></P>
<P style="margin:0pt; text-indent:9pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:22.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Total Current Liabilities</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:323pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;40,384</U></P>
<P style="margin:0pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;31,530</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:9pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;$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:9pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;at $0.001 par value; 23,810,000 shares issued and</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:9pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;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:334.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(647,796</U>)</P>
<P style="margin:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(638,681</U>)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:22.5pt; line-height:13pt; font-family:Arial; font-size:11pt">Total Stockholders' Equity (Deficit)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(40,293</U>)</P>
<P style="margin:0pt; text-indent:425.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(31,178</U>)</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:22.5pt; line-height:13pt; font-family:Arial; font-size:11pt">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:22.5pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;(DEFICIT)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:336.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</U></P>
<P style="margin:0pt; text-indent:419.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352</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; text-indent:88.95pt; line-height:13pt; font-family:Arial; font-size:11pt">The accompanying notes are an integral part of these financial statements.</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; font-family:QuickType Mono; font-size:11pt"><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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Statements of Operations</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Unaudited)</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:-11pt; padding-right:-9pt; text-indent:194.7pt; line-height:11pt; font-family:Arial; font-size:10.5pt">For the Nine Months Ended</P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-right:-9pt; text-indent:358pt; line-height:11pt; font-family:Arial; font-size:9pt">For the Three Months Ended</P>
<P style="margin:0pt; padding-right:-9pt; text-indent:483.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">1985 through</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-right:-9pt; text-indent:224.7pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>September 30, </U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; padding-right:-9pt; text-indent:371.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>September 30,</U></P>
<P style="margin:0pt; padding-right:-9pt; text-indent:479.35pt; 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>2004</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>2003</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>2004</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>2003</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>2004</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:219.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:291.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:363.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:435.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin:0pt; text-indent:493.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:221.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(9,115)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:293.35pt; 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:365.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(2,152)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:437.35pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(1,342)</P>
<P style="margin:0pt; text-indent:495.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">(52,293)</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:214.05pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:286.05pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:350.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:422.1pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:489.85pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>(595,503</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">NET LOSS</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:213.45pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ (9,115)</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:285.45pt; 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:357.45pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ (2,152)</U></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:429.45pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ (1,342</U>)</P>
<P style="margin:0pt; text-indent:477pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">&nbsp;<U>$(647,796</U>)</P>
<P style="margin:0pt; font-family:Arial; font-size:10.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt">BASIC LOSS PER SHARE</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:213.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ &nbsp;&nbsp;(0.00</U>)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:285.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ &nbsp;&nbsp;(0.00</U>)</P>
<P style="margin-top:0pt; margin-bottom:-12.5pt; text-indent:357.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ &nbsp;&nbsp;(0.00</U>)</P>
<P style="margin:0pt; text-indent:429.4pt; line-height:12.5pt; font-family:Arial; font-size:10.5pt"><U>$ &nbsp;&nbsp;(0.00</U>)</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: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" align=center><BR></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=center><BR></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=center><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>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; font-family:QuickType Mono; font-size:11pt"><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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit)</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"><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:276.6pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:348.6pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin:0pt; text-indent:424.1pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:190.95pt; line-height:13pt; font-family:Arial; font-size:11pt">(140,000)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:286.7pt; line-height:13pt; font-family:Arial; font-size:11pt">(140)</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:190.95pt; line-height:13pt; font-family:Arial; font-size:11pt">(300,000)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:286.7pt; line-height:13pt; font-family:Arial; font-size:11pt">(300)</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:344.95pt; line-height:13pt; font-family:Arial; font-size:11pt">(18,678)</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:186.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:265.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:337.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(502,196</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"><U>11,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:266.5pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;11,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;573,513</U></P>
<P style="margin:0pt; text-indent:409.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;(502,196</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" align=center>The accompanying notes are an integral part of these financial statements.</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; font-family:QuickType Mono; font-size:11pt"><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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; 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-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:269.25pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;11,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;573,513</P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt">$ (502,196)</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:186.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:337.6pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:425.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(92,783</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(594,979)</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:186.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:414.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(524</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(595,503)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:415.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(595,503)</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:180.85pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:414.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(758</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, 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: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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(596,261)</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:180.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:414.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(651</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(596,912)</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 June 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:186.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:268.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:334.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,513</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"><U>12,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:269.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;12,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;583,693</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ (599,425</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" align=center>The accompanying notes are an integral part of these financial statements.</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Statements of Stockholders&#146; Equity (Deficit) (Continued)</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:269.25pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;12,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;583,693</P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt">$ (599,425)</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:186.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:337.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:415.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(599,425)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:337.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(438</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(599,863)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:337.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,256</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(601,119)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,373</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(602,492)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:414.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(770</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(603,262)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:414.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,343</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, 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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(612,605)</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:-212.4pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-124.9pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-55.65pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:21.7pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,451</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"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:269.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;23,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;583,693</U></P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ (618,056</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; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; 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-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:269.25pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;23,810</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:335.75pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;583,693</P>
<P style="margin:0pt; text-indent:412.2pt; line-height:13pt; font-family:Arial; font-size:11pt">$ (618,056)</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:183.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:271.1pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:340.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:403.95pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,959</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:0pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(623,015)</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:-212.4pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-124.9pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-55.65pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:18.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,862</U>)</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:0pt; padding-left:396pt; text-indent:24.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(630,877)</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 </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;ended December 31, 2003</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-212.4pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-124.9pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-52.9pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:18.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,804</U>)</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, 2003</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:0pt; padding-left:396pt; text-indent:24.45pt; line-height:13pt; font-family:Arial; font-size:11pt">(638,681)</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;&nbsp;ended September 30, 2004</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;&nbsp;(unaudited)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-212.4pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-124.9pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-55.65pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:18.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,115</U>)</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, 2004</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;&nbsp;(unaudited)</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"><U>23,810,000</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-126.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;23,810</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:396pt; text-indent:-60.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;583,693</U></P>
<P style="margin:0pt; padding-left:396pt; text-indent:16.2pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ (647,796</U>)</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; font-family:Arial; font-size:11pt"><BR></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" align=center>&nbsp;</P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; font-family:Arial; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:396pt; text-indent:-396pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>The accompanying notes are an integral part of these financial statements.</P>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
<BR>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</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>SICLONE INDUSTRIES, INC.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Statements of Cash Flows</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Unaudited)</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>2004</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>2003</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>2004</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:-128.55pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;(9,115)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-43.05pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;(6,230)</P>
<P style="margin:0pt; padding-left:387pt; text-indent:25.2pt; line-height:13pt; font-family:Arial; font-size:11pt">$ (647,796)</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:Times New Roman; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Arial">Shares issued for services</FONT></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:296.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><FONT FACE="Times New Roman">-</FONT></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:380.35pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">-</P>
<P style="margin:0pt; text-indent:451pt; line-height:13pt; font-family:Times New Roman; 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 in accounts payable</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:285pt; line-height:13pt; font-family:Arial; font-size:11pt">702</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">-</P>
<P style="margin:0pt; padding-right:-18pt; text-indent:447pt; line-height:13pt; font-family:Arial; font-size:11pt">702</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>2,277</U></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"><U>1,797</U></P>
<P style="margin:0pt; padding-right:-18pt; text-indent:416.75pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,595</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; 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:269.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(6,136</U>)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:354.95pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(4,433</U>)</P>
<P style="margin:0pt; padding-right:-18pt; text-indent:420.45pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>(640,449</U>)</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:264.85pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:350.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin:0pt; text-indent:421.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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">5,875</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:362.25pt; line-height:13pt; font-family:Arial; font-size:11pt">4,500</P>
<P style="margin:0pt; text-indent:433.25pt; line-height:13pt; font-family:Arial; font-size:11pt">33,087</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:297.85pt; line-height:13pt; font-family:Arial; font-size:11pt">-</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:425.95pt; line-height:13pt; font-family:Arial; font-size:11pt">(18,678)</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:267.6pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:350.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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>5,875</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:362.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>4,500</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:427.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>640,540</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; 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:-109.3pt; line-height:13pt; font-family:Arial; font-size:11pt">(261)</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-72pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-11pt; line-height:13pt; font-family:Arial; font-size:11pt">67</P>
<P style="margin:0pt; padding-left:387pt; text-indent:62.75pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;91</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:263pt; line-height:13pt; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;352</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:356.75pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209</U></P>
<P style="margin:0pt; text-indent:421.35pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:271.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;91</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:354pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;276</U></P>
<P style="margin:0pt; text-indent:422.25pt; line-height:13pt; font-family:Arial; font-size:11pt"><U>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</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 PAID FOR</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;Interest</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:267.6pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:350.35pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
<P style="margin:0pt; text-indent:421.35pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:267.6pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:350.35pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
<P style="margin:0pt; text-indent:421.35pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</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:-119.4pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:387pt; text-indent:-36.65pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
<P style="margin:0pt; padding-left:387pt; text-indent:35.25pt; line-height:13pt; font-family:Arial; font-size:11pt">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50</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>
<BR>
<BR>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
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<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>(A Development Stage Company)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Notes to Financial Statements</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>September 30, 2004 and December 31, 2003</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>NOTE 1 -</B></P>
<P style="margin:0pt; text-indent:52.7pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>BASIS OF FINANCIAL STATEMENT PRESENTATION</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:52.7pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>The accompanying unaudited condensed 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 condensed 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 condensed financial statements be read in c
onjunction with the Company&#146;s most recent audited financial statements and notes thereto included in its December 31, 2003 Annual Report on Form 10-KSB. &nbsp;Operating results for the nine months ended September 30, 2004 are not necessarily indicative of the results that may be expected for the year ending December 31, 2004.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>NOTE 2 -</B></P>
<P style="margin:0pt; text-indent:52.7pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>GOING CONCERN</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:52.7pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">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>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<BR>
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<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 2. Management&#146;s Discussion and Analysis of Financial Condition or Plan of Operations</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"><B>Safe Harbor for Forward-Looking Statements</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 &#147;Item 2. &nbs
p;Management&#146;s Discussion and Analysis of Financial Condition or Plan of Operations,&#148; 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">We have not had active business operations inception and are considered a development stage company. &nbsp;In 1993, we entered into an agreement with Bradley S. Shepherd in which Mr. Shepherd agreed to become an officer and director of the Company and use his best efforts to organize and update our books and records and to seek business opportunities for 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 will not restrict our search 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 the Company and its 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 as a result of the fact that Siclone has no specific business and may acquire or participate in a business opportunity based on the decision of management which 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"><B>Sources of Opportunities</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">We anticipate that business opportunities may arise from various sources, including our officers and directors, professional advisers, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals.</P>
<P style="margin: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">We will seek potential business opportunities from all known sources, but will rely principally on the personal contacts of our officers and directors as well as indirect associations between them and other business and professional people. &nbsp;Although we do not anticipate engaging professional firms specializing in business acquisitions or reorganizations, such firms may be retained if management deems it in our best interests. &nbsp;In some instances, we may publish notices or advertisements seeking a potential business opportunity in financial or trade publications.</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>Criteria</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">We will not restrict our search to any particular business, industry or geographical location. &nbsp;Siclone may acquire or enter into a business in any industry and in any stage of development. &nbsp;This may include a business or opportunity involving a &#147;start up&#148; or new company. &nbsp;In seeking a business venture, management&#146;s decision will not be controlled by an attempt to take advantage of an anticipated or perceived appeal of a specific industry, management group, or product or industry, but will be based upon the business objective of seeking long-term capital appreciation in the real value 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">In analyzing prospective business opportunities, management will consider such matters as the available technical, financial and managerial resources; working capital and other financial requirements; the history of operations, if any; prospects for the future; the nature of present and expected competition; the quality and experience of management services which may be available and the depth of the management; the potential for further research, development or exploration; the potential for growth and expansion; the potential for profit; the perceived public recognition or acceptance of products, services, trade or service marks, name identification; and other relevant 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">Generally, management will analyze all available factors in the circumstances and make a determination based upon a composite of available facts, without reliance upon any single factor as controlling.</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>Methods of Participation of Acquisition</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">Specific business opportunities will be reviewed and, on the basis of that review, the legal structure or method of participation deemed by management to be suitable will be selected. &nbsp;Such structures and methods may include, but are not limited to, leases, purchase and sale agreements, licenses, joint ventures, other contractual arrangements, and may involve a reorganization, merger or consolidation transaction. &nbsp;The Company may act directly or indirectly through an interest in a partnership, corporation, or other form of organization.</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>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">As part of the ongoing investigation of business opportunities, officers and directors may meet personally with management and key personnel of the firm sponsoring the business opportunity, visit and inspect material facilities, obtain independent analysis or verification of certain information provided, check references of management and key personnel, and conduct other reasonable measures.</P>
<P style="margin: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">Management will generally request that it be provided with written materials regarding the business opportunity containing such items as a description of product, service and company history; management resumes; financial information; available projections with related assumptions upon which they are based; an explanation of proprietary products and services; evidence of existing patents, trademarks or service marks or rights thereto; present and proposed forms of compensation to management; a description of transactions between the prospective entity and its affiliates; relevant analysis of risks and competitive conditions; a financial plan of operation and estimated capital requirements; and other information deemed relevant.</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Competition</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">We expect to encounter substantial competition in our efforts to acquire a business opportunity. &nbsp;The primary competition is from other companies organized and funded for similar purposes, small venture capital partnerships and corporations, small business investment companies and wealthy individuals.</P>
<P style="margin: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>Employees</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">We do not currently have any employees. &nbsp;&nbsp;We rely upon the efforts of our officers and directors to conduct our business.</P>
<P style="margin:0pt; font-family:Arial; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Results of Operations for the Three and Nine-Month Periods Ended September 30, 2004 and 2003</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 has not generated any revenues since inception November 1, 1985. &nbsp;Expenses for the three-month period ended September 30, 2004 were $2,152 compared to expenses of $1,342 during the same period in 2003. &nbsp;Expenses during both periods consisted mainly of professional, legal and accounting costs related to our public filings. Expenses for the nine-month period ended September 30, 2004 were $9,115 compared to expenses of $6,230 during the same period in 2003. &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">As a result of the foregoing factors, we realized a net loss of $2,152 for the three-month period ended September 30, 2004, compared to a net loss of $1,342 for the three-month period ended September 30, 2003. Net loss for the nine-month period ended September 30, 2004 was $9,115 compared to a net loss of $6,230 during the same period in 2003. Since inception on November 1, 1985, Siclone Industries has realized a net loss of $647,796.</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>Liquidity and Capital Resources</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">At September 30, 2004 our total assets consisted of $91 in cash. &nbsp;Total liabilities at September 30, 2004 were $40,384 consisting of $33,087 in accounts payable to Bradley S. Shepherd, our sole officer and director, and $6,595 in accrued interest. &nbsp;At December 31, 2003, the Company had $352 in cash and liabilities of $31,530 consisting of $27,212 in accounts payable to Mr. Shepherd and $4,318 in accrued interest. </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 recent years we have relied on advances from our president to cover our operating costs. &nbsp;&nbsp;Management anticipates that we will receive sufficient advances from our president to meet our needs through the next 12 months. &nbsp;However, there are no formal agreements or understandings to that effect. &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"><B>Plan of Operation</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">Our management intends to actively seek business opportunities during the next twelve months. &nbsp;If we identify a suitable business opportunity during the year, our need for capital may change dramatically. &nbsp;Should we require additional capital, we may seek additional advances from officers, sell common stock or find other forms of debt financing. &nbsp;To date we have not pursued any business opportunities and there can be no assurance that we will identify a business venture suitable for acquisition in the future. &nbsp;In addition, we cannot assure that we will be successful in consummating any acquisition on favorable terms or that we will be able to profitably manage any business venture we acquire. &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 continue searching for potential businesses, products, technologies and companies for acquisition and to handle the administrative and reporting requirements of a public company. &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"><BR></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></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>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Arial; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>ITEM 3. Controls and Procedures</B></P>
<P style="margin:0pt; line-height:13pt; 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">(a)&nbsp;<I>Evaluation of disclosure controls and procedures</I>. Based on the evaluation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934 Rules&nbsp;13a-15(e) and 15d-15(e)) required by Securities Exchange Act Rules&nbsp;13a-15(b) or 15d-15(b), our Chief Executive Officer/Chief Financial Officer has concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective.</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(b)&nbsp;<I>Changes in internal controls</I>. There were no changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</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>PART II &#150; 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>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">No reports were filed on Form 8-K by Siclone Industries during the three-month period ended September 30, 2004.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=150><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Exhibit Number &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD valign=top width=342><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Title</B></P>
</TD><TD valign=top width=132><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=150><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">31</P>
</TD><TD valign=top width=342><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=top width=132><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Attached</P>
</TD></TR>
<TR><TD valign=top width=150><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">32</P>
</TD><TD valign=top width=342><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">Certification of the Principal Executive Officer and Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=top width=132><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Attached</P>
</TD></TR>
</TABLE>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><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 Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>SICLONE INDUSTRIES, INC.</B></P>
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<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/Bradley S. Shepherd</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: November 11, 2004</P>
<P style="margin:0pt; text-indent:252pt; 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 and</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Financial Officer</P>
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>siclone904qsbex311.htm
<DESCRIPTION>EX 31.1 SECTION 302 CEO/CFO CERTIFICATIONS
<TEXT>
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<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Janna Dee George-Rose">
<META NAME="date" CONTENT="11/12/2004">
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Exhibit 31</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 pursuant to Rule 13a-14(a) or Rule 15d-14(a) </B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>of the Securities Exchange Act of 1934, as amended</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>I, Bradley S Shepherd Chief Executive Officer and Chief Financial Officer of Siclone Industries, Inc. (the &quot;Company&quot;), certify that:</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>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" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this 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>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" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>4. As the registrant's certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and I have:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>a)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0pt; padding-left:54pt; text-indent:-18pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>b)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0pt; padding-left:54pt; text-indent:-18pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>c)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0pt; padding-left:54pt; text-indent:-18pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>d)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the &nbsp;registrant's internal control over financial reporting.</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>5. As the registrant's certifying officer, I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):</P>
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<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>a)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely </P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>affect the registrant's ability to record, process, summarize and report financial information; and</P>
<P style="margin:0pt; padding-left:54pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>b)</P>
<P style="margin:0pt; padding-left:54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</P>
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<P style="margin:0pt; 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"><U>/s/Bradley S. Shepherd</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: November 11, 2004</P>
<P style="margin:0pt; text-indent:252pt; 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 and</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:12pt">Chief Financial Officer</P>
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<TYPE>EX-32
<SEQUENCE>3
<FILENAME>siclone904qsbex321.htm
<DESCRIPTION>EX 32.1 SECTION 906 CEO/CFO CERTIFICATIONS
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<TITLE>Exhibit 32</TITLE>
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<META NAME="date" CONTENT="11/12/2004">
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Exhibit 32</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" align=justify>In connection with the Quarterly Report of Siclone Industries, Inc. a Delaware corporation (the &#147;Company&#148;), on Form 10-QSB for the quarterly period ending September 30, 2004 as filed with the Securities and Exchange Commission (the &#147;Report&#148;), I, Bradley S. Shepherd, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350), that to my knowledge:</P>
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<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and</P>
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<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(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-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: November 11, 2004</P>
<P style="margin:0pt; text-indent:288pt; line-height:14pt; font-family:Times New Roman; font-size:11pt">Bradley S. Shepherd</P>
<P style="margin:0pt; padding-left:252pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer and</P>
<P style="margin:0pt; padding-left:252pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Financial Officer</P>
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