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<SEC-DOCUMENT>0001016295-08-000056.txt : 20080417
<SEC-HEADER>0001016295-08-000056.hdr.sgml : 20080417
<ACCEPTANCE-DATETIME>20080416173707
ACCESSION NUMBER:		0001016295-08-000056
CONFORMED SUBMISSION TYPE:	10KSB
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20080417
DATE AS OF CHANGE:		20080416

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:		10KSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25809
		FILM NUMBER:		08760600

	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>10KSB
<SEQUENCE>1
<FILENAME>frm10ksb-31dec2007.htm
<DESCRIPTION>FORM 10KSB
<TEXT>
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<TITLE> </TITLE>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>FORM 10-KSB</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE&nbsp; ACT OF 1934</font><font size=1>&nbsp;&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>For the fiscal year ended </font><b><font size=3>December 31, 2007</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face=Wingdings><font size=2>o</font></font><font size=2> TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Commission File No. </font><b><font size=2>000-25809</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=3>Siclone Industries, Inc.</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of Registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>State or other jurisdiction of&nbsp;&nbsp;incorporation or organization: </font><b><font size=2>Delaware</font></b><font size=2> </font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="317" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="220" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>IRS Employer Identification No:  </font></p> </td>

        <td width="97" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>87-0426999</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=3>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=2>378 North Main, #124; Layton, UT  84041</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Address and zip code of principal executive offices)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Registrant's telephone number, including area code:</font><b><font size=3> </font></b><u><b><font size=2>(801) 497-9075</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Securities registered pursuant to Section 12(b) of the Act: None</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $.001.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark whether the issuer: (1) filed all reports required to be filed by Section 12 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 past 90 days.   </font><font face=Wingdings>x</font><font size=2> Yes [] No </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained, to the best of registrant&#146;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. []</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act ). </font><font face=Wingdings>x</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Revenue for the year ended December 31, 2007: $0</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>State the aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of a specified date within the past 60 days: As of April 11, 2008 it is unclear as to the </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>1</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>aggregate market value of the voting stock held by non-affiliates of the Registrant.  This is due to the low or almost non-existing trading of the Registrant&#146;s Securities. The Registrant does not have an active trading market and it is, therefore, difficult, if not impossible, to determine the market value of the stock.  Based on the bid price for the Registrant's Common Stock at April 11, 2008, of $0.0001 per share, the market value of shares held by nonaffiliates would be $2,381.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>As of April 11, 2008, the number of shares outstanding of the Registrant's Common Stock was 10,196,930.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>DOCUMENTS INCORPORATED BY REFERENCE</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>List hereunder the following documents if incorporated by reference and the part of the Form 10-KSB (e.g., part I, part II, etc.) into which the document is incorporated:  (1) Any annual report to security holders; (2) Any proxy or other information statement; and (3) Any prospectus filed pursuant to rule 424(b) or (c) under the Securities Act of 1933:  NONE</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Transitional Small Business Disclosure Format (Check One) Yes []; No </font><font face=Wingdings>x</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5in; text-indent:-5in;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="220" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="147" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PART I</font></B></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="241" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 1.  </font></p> </td>

        <td width="169" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Description of Business</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="241" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 2.  </font></p> </td>

        <td width="169" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Description of Property</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="205" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 3.  </font></p> </td>

        <td width="133" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Legal Proceedings</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="425" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 4.  </font></p> </td>

        <td width="353" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Submission of Matters to a Vote of Security-Holders</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="225" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="147" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="79" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PART II</font></B></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="483" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 5.  </font></p> </td>

        <td width="411" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Market for Common Equity and Related Stockholder Matters</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="477" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 6.  </font></p> </td>

        <td width="405" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Management's Discussion and Analysis or Plan of Operation</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="221" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 7.  </font></p> </td>

        <td width="149" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Financial Statements</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.5in;text-align:left;'><font size=2>Item 8.       Changes in and Disagreements With Accountants on Accounting and Financial Disclosure</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="255" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="79" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 8A.  </font></p> </td>

        <td width="176" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Controls and Procedures</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="179" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="79" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 8B.  </font></p> </td>

        <td width="100" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other Events</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="228" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="143" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="85" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PART III</font></B></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="299" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 9.  </font></p> </td>

        <td width="227" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Directors and Executive Officers</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="252" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="76" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 10.  </font></p> </td>

        <td width="176" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Executive Compensation</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="524" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="76" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 11.  </font></p> </td>

        <td width="448" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Security Ownership of Certain Beneficial Owners and Management</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="396" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="76" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 12.  </font></p> </td>

        <td width="320" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Certain Relationships and Related Transactions</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="319" style='margin-left:0pt;border-collapse:collapse; '>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 13.  </font></p> </td>

        <td width="243" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exhibits and Reports on Form 8-K</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Item 14.  </font></p> </td>

        <td width="269" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Principle Accountant Fees and Services</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>3</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>FORWARD-LOOKING STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>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. 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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>PART I</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 1. DESCRIPTION OF BUSINESS</font></B><font size=2> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Corporate History</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Siclone Industries, Inc., (&#147;the Company&#148;) originally incorporated in Delaware on November 1, 1985 as McKinnely Investments, Inc. 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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company currently has no active business operations and is considered a development stage company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company intends to seek, investigate, and if warranted, acquire an interest in a business opportunity. It will not restrict its search to any particular industry or geographical area and may, therefore, engage in essentially any business in any industry. The Company&#146;s management has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions and other factors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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. There is no assurance that the Company will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to the Company and its stockholders.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company&#146;s activities are subject to several significant risks which arise primarily as a result of the fact that it 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 the Company&#146;s stockholders.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Sources of Opportunities</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company anticipates that business opportunities may arise from various sources, including its officers and directors, professional advisers, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company will seek potential business opportunities from all known sources, but will rely principally on the personal contacts of its officers and directors as well as indirect associations between them and other business and professional people. Although, the Company does not anticipate engaging professional firms specializing in business acquisitions or reorganizations, such firms may be retained if management deems it in the Company&#146;s best interests. In some instances, the Company may publish notices or advertisements seeking a potential business opportunity in financial or trade publications.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Criteria</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company will not restrict its search to any particular business, industry or geographical location. The Company may acquire or enter into a business in any industry and in any stage of development. This may include a </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>4</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>business or opportunity involving a &#147;start up&#148; or new company. 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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Methods of Participation of Acquisition</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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. 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. The Company may act directly or indirectly through an interest in a partnership, corporation, or other form of organization.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Procedures</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Competition</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company expects to encounter substantial competition in its efforts to acquire a business opportunity. The primary competition is from other companies organized and funded for similar purposes, small venture capital partnerships and corporations, small business investment companies and wealthy individuals.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Employees</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company does not currently have any employees.  It relies upon the efforts of its officers and directors to conduct its business.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 2. DESCRIPTION OF PROPERTY</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company currently operates from the office of the Company's legal counsel and pays no rent or expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>5</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 3. LEGAL PROCEEDINGS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.62in;text-align:justify;'><font size=2>To the best of management&#146;s knowledge no legal proceedings are threatened or pending against the Company or any of its officers or directors. Further, none of its officers, directors or affiliates are parties against the Company or have any material interests in actions that are adverse to its interests.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>No matters were submitted during the fourth quarter of the fiscal year covered by this report to a vote of security holders.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>PART II</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 5. MARKET PRICE FOR REGISTRANT'S COMMON EQUITY AND</font></B><font size=2> </font><B><font SIZE=2>RELATED STOCKHOLDER MATTERS</font></B><font size=2> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company's common stock is quoted on the OTC Bulletin Board of the National Association of Securities Dealers, Inc. (the "NASD") under the symbol "SICL".   As of April 11, 2008, the Company had approximately 281 stockholders of record. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The following table represents the range of the high and low bid prices of the Company&#146;s stock as reported by the OTC Bulletin Board Historical Data Service.  These quotations represent prices between dealers and may not include retail markups, markdowns, or commissions and may not necessarily represent actual transactions. The Company cannot ensure that an active public market will develop in its common stock or that a stockholder may be able to liquidate his investment without considerable delay, if at all.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>On April 11, 2008 the current bid price was $0.0001, which does not take into account any retail markups, markdowns, or commissions and may not necessarily represent actual transactions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="736" style='margin-left:67.85pt;border-collapse:collapse; '>
    <tr >

        <td width="173" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Year</font></u><u></u></p> </td>

        <td width="260" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Quarter Ended</font></u><u></u></p> </td>

        <td width="141" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.5in;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>High</font></u><u></u></p> </td>

        <td width="162" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:44.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Low</font></u><u></u></p> </td> </tr>
    <tr >

        <td width="173" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>2006</font></p> </td>

        <td width="260" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>March 31</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>September 30</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>December 31</font></p> </td>

        <td width="141" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:54.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$0.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>.0001</font></p> </td>

        <td width="162" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:70.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$0.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>.0001</font></p> </td> </tr>
    <tr >

        <td width="173" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>2007</font></p> </td>

        <td width="260" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>March 31</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>September 30</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>December 31</font></p> </td>

        <td width="141" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:54.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$0.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:66.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>.0001</font></p> </td>

        <td width="162" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:70.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$0.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>.0001</font></p>
<p style='margin-left:0pt;text-indent:82.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>.0001</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company&#146;s shares are subject to section 15(g) and rule 15g-9 of the Securities and Exchange Act, commonly referred to as the &#147;penny stock&#148; rule.  The rule defines penny stock to be any equity security that has a market price less than $5.00 per share, subject to certain exceptions. The rule provides that any equity security is considered to be a penny stock unless that security is; registered and traded on a national securities exchange meeting specified criteria set by the SEC; authorized for quotation from the NASDAQ stock market; issued by a registered investment company; excluded from the definition on the basis of price at least $5.00 per share or the issuer&#146;s net tangible assets.  The Company&#146;s shares are deemed to be penny stock, trading in the shares will be subject to additional sales practice requirements on broker-dealers who sell penny stocks to
persons other than </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>6</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>established customers and accredited investors.  Accredited investors, in general, include individuals with assets in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 together with their spouse, and certain institutional investors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>For transactions covered by these rules, broker-dealers must make a special suitability determination for the purchase of such security and must have received the purchaser&#146;s written consent to the transaction prior to the purchase.  Additionally, for the transaction involving a penny stock, other rules apply.  Consequently, these rules may restrict the ability of broker-dealers to trade or maintain a market in our common stock and may affect the ability of stockholders to sell their shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Dividends</font></b><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>There has not been an active market for the Company&#146;s stock since 1990. The Company has not declared any cash dividends with respect to its common stock, and does not intend to declare dividends in the foreseeable future. The present intention of management is to utilize all available funds for the development of the Company's business. The Company&#146;s ability to pay dividends is subject to limitations imposed by Delaware law. Under Delaware law, dividends may be paid to the extent that a corporation&#146;s assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font SIZE=2>ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The following discussion highlights the Company's performance and it should be read in conjunction with the financial statements (including related notes) accompanying this Report. Certain statements contained herein may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expectations due to changes in global politics, economics, business, competitors, competition, markets and regulatory factors. More information about these factors has been or will be contained in the Company&#146;s filings with the Security and Exchange Commission.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Results of Operations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Years Ended December 31, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company did not generate any revenues for the years ending December 31, 2007 and 2006. General and administrative expenses for the year ended December 31, 2007 were $30,170 compared to expenses of $23,392 during 2006. Expenses during both years consisted mainly of professional, legal and accounting costs related to its public filings.  Interest expense for the years ended December 31, 2007 and 2006 was $6,481 and $4,092, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company incurred a net loss for the fiscal year ended December 31, 2007 of $36,651 as compared to a net loss of $27,484 for the fiscal year ended December 31, 2006. At December 31, 2007, the Company had a retained deficit of $726,244 and negative working capital of $117,741. These factors create substantial doubt about the Company&#146;s ability to continue as a going concern.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Liquidity and Capital Resources</font></b><font size=2> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>At December 31, 2007 our total assets were $0. Total liabilities at December 31, 2007 were $117,741 consisting of $9,070 in accounts payable, $20,000 in accrued expenses, and $67,323 in convertible note payables, and $21,348 in accrued interest payable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>7</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
<b><font size=2>Need for Additional Financing for Growth</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company has a negative working capital and has to rely on loans from management and stockholders to fund ongoing expenses.  There is no assurance the Company will be able to obtain additional financing.   Future financing will likely dilute current stockholders. In addition, the Company's pursuit of additional capital could result in the incurrence of additional debt or potentially dilutive issuances of additional equity securities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company's ability to meet any future debt service obligations will be dependent upon the Company's future performance, which will be subject to its future acquisitions and/or mergers, the Company's level of production, general economic conditions and financial, business and other factors affecting the operations of the Company, many of which are beyond its control.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Plan of Operation</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Management intends to actively seek business opportunities during the next twelve months. If management identifies a suitable business opportunity during the next year the Company&#146;s need for capital may change dramatically. Should it require additional capital, it may seek additional advances from officers, sell common stock or find other forms of debt financing.  The Company has not identified any business opportunities and there can be no assurance that it will identify a business venture suitable for acquisition in the future. In addition, the Company cannot assure that it will be successful in consummating any acquisition on favorable terms or that it will be able to profitably manage any business venture it acquires.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Management&#146;s current operating plan is to continue searching for potential businesses, products, technologies and companies for acquisition and to handle the administrative and reporting requirements of a public company. To demonstrate the Company&#146;s commitment to maintaining ethical reporting and business practices, it has recently filed a Code of Ethics and Business Conduct.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 7.  FINANCIAL STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The financial statements of the Company and related financial notes, together with the report from Child, Van Wagoner and Bradshaw, PLLC are set forth immediately following the signature page to this report.   See Item 13 for a list of the financial statements and financial statement schedules included.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING</font></B><font size=2> </font><B><font SIZE=2>AND FINANCIAL DISCLOSURE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>For the fiscal year ended December 31, 2007, the Company has no changes or disagreements on the accounting and financial disclosures.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 8A.  CONTROLS AND PROCEDURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>(a) Evaluation of disclosure controls and procedures.  The Company&#146;s principal executive officer and its principal financial officer, based on their evaluation of the Company&#146;s disclosure controls over financial reporting and procedures (as defined in Exchange Act Rules 13a-14c)) as of a date within 90 days prior to the filing of this Annual Report on Form 10-KSB, have concluded that the Company&#146;s disclosure controls over financial reporting  and procedures are adequate and effective for the purposes set forth in the definition in Exchange Act rules.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>(b) Changes in internal controls over financial reporting.  There were no significant changes in the Company&#146;s internal controls over financial reporting or in other factors that could significantly affect the Company&#146;s internal controls subsequent to the date of their evaluation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>8</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
<b><font size=2>Management&#146;s Annual Report on Internal Control Over Financial Reporting</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f). Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) as set forth in Internal Control - Integrated Framework. Based on our evaluation under the framework in Internal Control - Integrated Framework, our management concluded that our internal control over financial reporting was effective as of December 31, 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>This annual report does not include an audit or attestation report of our registered public accounting firm regarding our internal control over financial reporting. Our management&#146;s report was not subject to audit or attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management&#146;s report in this annual report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font SIZE=2>ITEM 8B. </font></B><font size=2> </font><B><font SIZE=2>OTHER INFORMATION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>None.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>PART III</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The following information is furnished with respect to the Company's Board of Directors and executive officers.  There are no family relationships between or among any of the Company's directors or executive officers. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Directors and Executive Officers</font></b><font size=2> </font></p>


<div align=center>

<table border="0" cellspacing=0 cellpadding=0 width="736" style='border-collapse:collapse'>
    <tr >

        <td width="283" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Name</font></u>                                                                                              </p> </td>

        <td width="85" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Age</font></p>
<p
style='margin-left:0pt;text-indent:5.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(2006)</font></u>       </p> </td>

        <td width="130" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Director </font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Since</font></u>                                                             </p> </td>

        <td width="238" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:4.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Position with the Company</font></u>                  </p> </td> </tr>
    <tr >

        <td width="283" valign=top style='border-bottom:solid white 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Paul Adams</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>378 North Main Street, Suite 124</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Layton, Utah 84041</font></p> </td>

        <td width="85" valign=top style='border-bottom:solid white 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>48</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="130" valign=top style='border-bottom:solid white 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>May 2005</font></p> </td>

        <td width="238" valign=top style='border-bottom: solid white 1.0pt;padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>President, CEO and Director</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>All directors serve until the next annual stockholders meeting or until their successors are duly elected and qualified.  All officers serve at the discretion of the Board of Directors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company has no audit committee financial expert, as defined under Section 228.401, serving on its audit committee because it has no audit committee and is not required to have an audit committee because it is not a listed security as defined in Section 240.10A-3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><b><font size=2>Paul Adams, Director</font></b><font size=2>.  From approximately 1992 to present, Mr. Adams has primarily been involved in manufacturing and retail sales in the sports fishing industry as the owner of his own business.  Since 2000, he has owned and operated Coco Motive Candy Company, a business specializing in the &#147;corporate gift&#148; market.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>9</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Mr. Adams is not a director of any other public company at this time.   There is no employment contract between Mr. Adams and the Company at this time.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>To the knowledge of management, one Form 3 has been filed late by the director and CEO of the Company</font><font color="#FF0000"><font size=2>.</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Compliance with Section 16(a) Beneficial Ownership Reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.75in;text-align:justify;'><font size=2>Section 16(a) of the Securities Exchange Act of 1934 requires our directors, executive officers and persons who own more than five percent of a registered class of our equity securities to file with the Securities and Exchange Commission initial reports of ownership and reports of changes in ownership of our common stock. Officers, directors and ten-percent or more beneficial owners of our common stock are required by SEC regulations to furnish Siclone Industries, Inc. with copies of all Section 16(a) reports they file and provide written representation that no Form 5 is required.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font SIZE=2>ITEM 10. EXECUTIVE COMPENSATION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><strike><font size=2>&nbsp;</font></strike></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company&#146;s officers and directors do not receive any compensation for services rendered, and have not received such compensation in the past. The current President is accruing compensation which is reflected on the books of the Company. Its officers and directors will not receive any finder&#146;s fee as a result of their efforts to implement the business plan outlined herein. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company has not adopted any retirement, pension, profit sharing, stock options, insurance programs or other similar programs for the benefit of its employees.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Employment Contracts and Termination of Employment and Change in Control Arrangement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>There are no compensatory plans or arrangements with respect to any officer, director, manager or other executive which would in any way result in payments to any such person because of his resignation, retirement, or other termination of employment with the Company, or any change in control of the Company, or a change in the person&#146;s responsibilities following a change of control of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>SUMMARY COMPENSATION TABLE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The following table sets forth certain summary information concerning the compensation paid or accrued for each of the Company&#146;s last three completed fiscal years to the Company&#146;s or its principal subsidiaries&#146; chief executive officer and each of its other executive officers that received compensation in excess of $100,000 during such period (as determined at December 31, 2007, the end of the Company&#146;s last completed fiscal year):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>10</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'>
</p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="749" style='margin-left:4.65pt;border-collapse:collapse; '>
    <tr style='height:15.0pt'>

        <td  nowrap colspan="17" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Summary Compensation Table</font></p> </td> </tr>
    <tr style='height:15.0pt'>

        <td width="126" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td  nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Annual Compensation</font></p> </td>

        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td  nowrap colspan="3"
valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Awards</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td  nowrap colspan="3" valign=bottom style='border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Payouts</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td> </tr>
    <tr style='height:64.5pt'>

        <td width="126" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Name and Principal Position</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="45" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Year</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="64" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Salary ($)</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="48" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Bonus ($)</font></p> </td>

        <td width="16" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Stock Awards ($)</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Option Awards ($)</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="91" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Non-Equity Incentive Plan Compensation ($)</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="91" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>All other Compensation ($)</font></p> </td>

        <td width="15" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:64.5pt'></td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:64.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Total ($)</font></p> </td> </tr>
    <tr style='height:15.0pt'>

        <td width="126" nowrap rowspan=3 style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Paul Adams, President</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="45" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>2007</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="64" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12,000 </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>12,000 </font></p> </td> </tr>
    <tr style='height:15.0pt'>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="45" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>2006</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="64" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9,000 </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>9,000 </font></p> </td> </tr>
    <tr style='height:15.0pt'>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="45" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>2005</font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="64" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="56" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="91" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td>

        <td width="15" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'></td>

        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:15.0pt'>
<p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.12in;text-align:justify;'><strike><font size=2>&nbsp;</font></strike></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.21in;text-align:justify;'><font size=2>The following table sets forth certain information regarding the beneficial ownership of the Company's outstanding Common Stock as of December 31, 2007, by (i) each director of the Company, (ii) each named executive officer in the Summary Compensation Table, (iii) each person known or believed by the Company to own beneficially five percent or more of the Common Stock and (iv) all directors and executive officers as a group. Unless indicated otherwise, each person has sole voting and dispositive power with respect to such shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="736" style='border-collapse:collapse'>
    <tr >

        <td width="142" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Title of Class</font></p> </td>

        <td width="197" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Name and Address</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Of Beneficial&nbsp;Owner</font></u></p> </td>

        <td width="197" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Amount and Nature of Beneficial</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Ownership</font></u></p> </td>

        <td width="199" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Percent of</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Class</font></u></p> </td> </tr>
    <tr >

        <td width="142" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Common</font></p> </td>

        <td width="197" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Officers and Directors </font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>As a Group (one)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Paul Adams</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>378 North Main Street, Suite 124</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Layton, UT 84041</font></p> </td>

        <td width="197" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,000,000</font></p> </td>

        <td width="199" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>98%</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><B><font SIZE=2>ITEM  12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>During the reported year the Company did not enter into any other transactions with management which are to be reported under this Item.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>11</font></p>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ITEM  13.  </font></B></p> </td>

        <td width="329" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>EXHIBITS AND REPORTS ON FORM 8-K.</font></B></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>(a) Exhibits.  The following exhibits follow the signature page of this report.</font></p>


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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Exhibit No. </font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Page No.</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font
size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Description </font></p> </td> </tr>
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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>3(i)</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>*</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Articles of Incorporation</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>3(ii)</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>*</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Bylaws</font></p> </td> </tr>
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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>14</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>**</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Code of Ethics</font></p> </td> </tr>
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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>31.1</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Written Statement of Chief Executive Officer and Chief Financial Officer with respect to compliance with Section 302 of the Sarbanes-Oxley Act of 2002.</font></p> </td> </tr>
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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>32.2</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Written Statement of Chief Executive Officer and Chief Financial Officer with  respect to compliance with Section 13(a) or 15(d) of  the Securities Exchange Act of 1934 and pursuant to 18 U.S.C. &sect;1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002</font></p> </td> </tr>
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        <td width="76" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="604" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>* Incorporated by reference.  Filed as exhibit to Form 10SB12G filed April 19, 1999.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>** Incorporated by reference.  Filed as exhibit to Form 10KSB December 31, 2006 and shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font SIZE=2>ITEM 14.  PRINCIPLE ACCOUNTANT FEES AND SERVICES.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Audit Fees</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The aggregate fees billed for professional services rendered by the Company&#146;s principal accountant for the audit of the annual financial statements included in the quarterly reports and other fees that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal years ended December 31, 2007 and 2006 were $8,660 and $9,858  respectively.</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Audit-Related Fees</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The aggregate fees billed for assurance and related services by the Company&#146;s principal accountant that are reasonably related to the performance of the audit or review of the financial statements, other than those previously reported in this Item 14, for the fiscal years ended December 31, 2007 and 2006 were $0 and $0, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Tax Fees</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The aggregate fees billed for assurance and related services by the principal accountant for tax compliance, tax advice and tax planning for the fiscal years ended December 31, 2007 and 2006 were $0 and $500, respectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>12</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
<b><font size=2>All Other Fees</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The Company&#146;s Board of Directors functions as its audit committee.  All of the services described above in this Item 14 were approved in advance by the Board of Directors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Dated: April 11,  2008</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Siclone Industries, Inc.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.5in;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>By: /s/ Paul Adams  </font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.5in;text-align:left;'><font size=2>Paul Adams</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SIGNATURE</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>TITLE</font></p> </td>

        <td width="60" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>DATE</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Paul Adams  </font></u></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>President and Director</font><u></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Paul Adams</font></p> </td>

        <td width="176" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Principal Executive and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="168" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Financial Officer)</font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>April 11, 2008</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4in; text-indent:-4in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>13</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font SIZE=2>ITEM 7. FINANCIAL STATEMENTS</font></B><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The following financial statements of the Company have been filed as part of this report:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Page</font></p> </td> </tr>
    <tr style='height:30.0pt'>

        <td width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:30.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Report of Independent Registered Public Accounting Firm</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:30.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>15</font></p> </td> </tr>
    <tr style='height:30.0pt'>

        <td
width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:30.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Balance Sheets as of December 31, 2007 and 2006</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:30.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>16</font></p> </td> </tr>
    <tr style='height:57.15pt'>

        <td width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:57.15pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Statements of Operations for the Years ended December 31, 2007 and 2006 and for the Period from Inception on November 1, 1985 through December 31, 2007</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:57.15pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>17</font></p> </td> </tr>
    <tr style='height:50.85pt'>

        <td width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:50.85pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Statements of Stockholders' (Deficit) for the Period from Inception on November 1, 1985 through December 31, 2007</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:50.85pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>18-20</font></p> </td> </tr>
    <tr style='height:54.9pt'>

        <td width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:54.9pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Statements of Cash Flows for the years ended December 31, 2007 and 2006 and for the Period from Inception on November 1, 1985 through December 31, 2007</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:54.9pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>21</font></p> </td> </tr>
    <tr style='height:26.1pt'>

        <td width="365" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:26.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Notes to Financial Statements</font></p> </td>

        <td width="55" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:26.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>22-25</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>14</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><font size=2>Report of Independent Registered Public Accounting Firm</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Board of Directors</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Siclone Industries, Inc.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Layton, Utah</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>We have audited the accompany balance sheets of Siclone Industries, Inc. (a development stage company) as of December 31, 2007 and 2006, and the related statements of operations, stockholders&#146; (deficit) and cash flows for the years ended December 31, 2007 and 2006.  These financial statements are the responsibility of the Company&#146;s management.  Our responsibility is to express an opinion on these financial statements based on our audits.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company&#146;s internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the  financial statements, assessing the accounting principles
used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide  a reasonable basis for our opinion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Siclone Industries, Inc. (a development stage company) as of December 31, 2007 and 2006, and the results of its operations and its cash flows for the years ended December 31, 2007 and 2006, in conformity with  accounting principles generally accepted in the United States pf America.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 3 to the financial statements, the Company has suffered recurring losses from operations and has no operating capital, which together raise substantial doubt about its ability to continue as a going concern.  Management&#146;s plans in regard to these matters are described in Note 3.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>/s/ Child, Van Wagoner &amp; Bradshaw, PLLC</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Certified Public Accountants</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Salt Lake City, Utah</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>April 11, 2008</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>15</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>BALANCE SHEETS</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:6.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>December 31,</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007</font></u>                                    </p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>December 31,</font></p>
<p style='margin-left:0pt;text-indent:29.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2006</font></u>                                       </p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Current Assets</font></u></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cash</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$                -   </font></u></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$                12 </font></u></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:26.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Total Current Assets</font></p> </td>

        <td width="132" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                - </font></p> </td>

        <td width="139" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$               12 </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:127.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:26.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Liabilities and Stockholders&#146; (Deficit)</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Current Liabilities</font></u></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Accounts Payable</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$               9,070 </font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$           3,000 </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Accounts Payable - Related Party</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>20,000</font><b><font size=2> </font></b></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>9,000 </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Accrued Interest </font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>21,348</font><b><font size=2> </font></b></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:59.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>14,879 </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Notes Payable - Note 2</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>67,323 </font></u></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:59.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>55,223</font></u><font size=2> </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:29.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Total Current Liabilities</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>117,741 </font></u></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:59.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>82,102</font></u><font size=2> </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Stockholders&#146; (Deficit)</font></u></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Preferred Stock: 5,000,000 shares authorized at $0.001 par value, 0 shares issued and outstanding</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Common Stock; $.001 Par Value; 100,000,000 Shares     Authorized; 10,196,930 and 175,074 shares Issued and Outstanding, respectively</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:87.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:87.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,197</font><b><font size=2>  </font></b></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:92.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:92.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:74.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>175 </font><b><font size=2> </font></b></p> </td> </tr>
    <tr style='height:24.4pt'>

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:24.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Additional Paid-In Capital</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:24.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>598,306</font><b><font size=2>  </font></b></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:24.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:53.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>607,328 </font></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:5.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Deficit Accumulated during the Development Stage</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.75pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(726,244)</font></u></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(689,593)</font></u></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:29.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Total Stockholders&#146;(Deficit)</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(117,741)</font></u></p> </td>

        <td width="139" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(82,090)</font></u></p> </td> </tr>
    <tr >

        <td width="417" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Total Liabilities &amp; Stockholders&#146; (Deficit)</font></p> </td>

        <td width="132" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:11.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                  - </font></p> </td>

        <td width="139" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                12 </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>The accompanying notes are an integral part of these financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>16</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>STATEMENTS OF OPERATIONS</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.75pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.75pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p
style='margin-left:0pt;text-indent:9.75pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>December </font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>31, 2007  </font></u></p> </td>

        <td width="112" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.5in;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.5in;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>December </font></p>
<p style='margin-left:0pt;text-indent:22.5pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>31, 2006  </font></u></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>From Inception November 1, 1985 through December 31, </font></p>
<p style='margin-left:0pt;text-indent:43.5pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007      </font></u></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font SIZE=2>REVENUES</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:9.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                -</font></p> </td>

        <td width="112" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$               -  </font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                   - </font></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="112" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font SIZE=2>EXPENSES</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(36,651)</font></u></p> </td>

        <td width="112" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:31.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(27,484)</font></u></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(726,244)</font></u></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:29.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font SIZE=2>NET LOSS</font></p> </td>

        <td width="106" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:9.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$    (36,651)</font></p> </td>

        <td width="112" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$    (27,484)</font></p> </td>

        <td width="132" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$      (726,244)</font></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="112" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font SIZE=2>NET (LOSS) PER SHARE:</font></p> </td>

        <td width="106" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$       (0.01)</font></p> </td>

        <td width="112" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$         (0.16)</font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="337" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font SIZE=2>WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING</font></p> </td>

        <td width="106" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:67.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>2,996,992 </font></p> </td>

        <td width="112" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:1.0in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>175,074 </font></p> </td>

        <td width="132" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>The accompanying notes are an integral part of these financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>17</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>STATEMENTS OF STOCKHOLDERS&#146; (DEFICIT)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>For the Period From Inception (November 1, 1985) to December 31, 2007</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="618" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td  colspan="2" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:61.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:61.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p
style='margin-left:0pt;text-indent:24.0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Common Stock</font></p>
<p style='margin-left:0pt;text-indent:11.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Shares           Amount</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Additional Paid-In </font><u><font size=2>Capital</font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Deficit Accumulated During Development</font><u><font size=2> Stage</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, November 1, 1985</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:6.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$             - </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:6.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                  - </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$                   - </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 500,000 shares of common stock to Officers and Directors for cash on November 1, 1985 at $0.02 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>500,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>500 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>9,500 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cancellation of 140,000 shares on February 7, 1985</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.25in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(140,000)</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(140)</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:48.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>140 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cancellation of 300,000 shares on October 1, 1986</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.25in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(300,000)</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(300)</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:48.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>300 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 1,000,000 shares of common stock to the public offered March 26, 1986 at $0.10 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>1,000,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>1,000 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>99,000 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Deferred offering costs offset against additional paid-in capital</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(18,678)</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 10,700,000 shares of common stock October 10, 1986 at $0.05 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,700,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,700 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>483,251 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 50,000 shares for promotional services at $0.001 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>50,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>50 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Accumulated losses from formation on November 1, 1985 through December 31, 1987</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u><font size=2> </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(502,196)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1987</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>573,513 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(502,196)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1988</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(92,783)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1988</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>573,513 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(594,979)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cash contributed to additional paid-in capital</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,180 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1989</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(524)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1989</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(595,503)</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>18</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="618" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1990</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1990</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(595,503)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1991</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(758)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1991</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(596,261)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1992</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(651)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1992</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(596,912)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 1,000,000 shares of common stock to officer for cash June 7, 1993 at $0.001 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>1,000,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>1,000 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1993</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(2,513)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1993</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>12,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>12,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(599,425)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1994</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1994</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>12,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>12,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(599,425)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 11,000,000 shares of common stock to officer for cash at $0.001 per share</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,000,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>11,000 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1995</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(438)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1995</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(599,863)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1996</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(1,256)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1996</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(601,119)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1997</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(1,373)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1997</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(602,492)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1998</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:45.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(770)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1998</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(603,262)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 1999</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(9,343)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 1999</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000 </font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810 </font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693 </font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(612,605)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net loss for the year ended December 31, 2000</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(5,451)</font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>19</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="618" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2000</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font
size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(618,056)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2001</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(4,959</font></u><font size=2>)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2001</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(623,015)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2002</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(7,862</font></u><font size=2>)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2002</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(630,877)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2003</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:37.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(7,804</font></u><font size=2>)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2003</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(638,681)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2004</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(10,089</font></u><font size=2>)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2004</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(648,770)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2005</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(13,339)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2005</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810,000</font></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>23,810</font></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>583,693</font></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(662,109)</font></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Reverse Stock Split</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December 31, 2006</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:4.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(23,634,926)</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:56.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:14.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(23,635)</font></p>
<p style='margin-left:0pt;text-indent:53.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>23,635</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>- </font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(27,484)</font></u></p> </td> </tr>
    <tr >

        <td width="228" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE, December 31, 2006</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Rounding due to reverse split</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of 10,000,000 shares of common stock to officer for cash at $0.001 per share</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Loss for Year Ended December</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>31,2007</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>BALANCE at December 31, 2007</font></p> </td>

        <td width="96" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>175,074</font></p>
<p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>21,856</font></p>
<p style='margin-left:0in;text-indent:33.0pt;text-align:center;margin-top:0in;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,000,000  </font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:57.75pt;text-align:right;margin-top:0in;margin-bottom:2.9pt'><u><font size=2>-</font></u></p>
<p style='margin-left:0in;text-indent:61.5pt;text-align:right;margin-top:0in;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0in;text-indent:13.5pt;text-align:right;margin-top:0in;margin-bottom:2.9pt'><u><font size=2>10,196,930</font></u></p> </td>

        <td width="84" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>175</font></p>
<p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>22</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,000</font></p>
<p style='margin-left:0pt;text-indent:51.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$     10,197  </font></u></p> </td>

        <td width="102" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>607,328</font></p>
<p style='margin-left:0pt;text-indent:46.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(22)</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(9,000)</font></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-</font></u></p>
<p style='margin-left:0pt;text-indent:64.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$     598,306</font></u></p> </td>

        <td width="108" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(689,593</font><u><font size=2>)</font></u></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:65.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:32.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(36,651)</font></u></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$    (726,244)  </font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The accompanying notes are an integral part of these financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>20</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p>
<!-- EEDocs PBEnd-->


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>STATEMENTS OF CASH FLOWS</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr style='height:78.75pt'>

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:78.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Cash Flows from Operating Activities:</font></u></p> </td>

        <td  colspan="2" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:78.75pt'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>For the Years Ended </font></p>
<p style='margin-left:0pt;text-indent:33.0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>December 31,</font></p>
<p style='margin-left:0pt;text-indent:19.5pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007               2006</font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt; height:78.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>From Inception November 1, 1985 through December </font><u><font size=2> 31, 2007</font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:7.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net (Loss)</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$&nbsp;&nbsp;&nbsp;(36,651)</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$&nbsp;&nbsp;&nbsp;(27,484)</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$  (726,244)</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Adjustments to Reconcile Net (Loss) to Net Cash Used By Operating Activities:</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:7.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Common stock issued for services</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>50 </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Changes in Operating Assets and Liabilities: </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'>                                                                    </p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:7.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Increase (decrease) in accounts payable and payable         to related party</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>17,070</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>7,432 </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>29,070</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:7.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Increase (decrease) in accrued interest related party</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:7.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Increase in accrued interest unrelated party</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>6,469 </font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>4,092</font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>21,348</font></u><font size=2> </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Cash (Used) by Operating Activities</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(13,112)</font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(15,960)</font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(675,776)</font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Cash Flows from Investing Activities</font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>Cash Flows from Financing Activities</font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Proceeds from unrelated parties</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>13,100 </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>15,963 </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>35,111 </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Proceeds from related parties </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>33,212 </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Additional capital contributed</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>-</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:38.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>10,180 </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Stock offering costs</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font><u></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(18,678)</font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:10.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Issuance of common stock</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>-  </font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u><font size=2> </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>615,951 </font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:27.0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Cash Provided By Financing Activities</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>13,100 </font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>15,963 </font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>675,776 </font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Increase  (Decrease) in Cash</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:39.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>(12) </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:52.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>3</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>- </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:10.5pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cash, Beginning of Period</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:47.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>12 </font></u></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:52.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>9 </font></u></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>- </font></u></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Cash, End of Period</font></p> </td>

        <td width="93" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$           -   </font></p> </td>

        <td width="93" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$        12 </font></p> </td>

        <td width="106" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$              - </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Cash Paid For:</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Interest</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Income taxes</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$           - </font></p>
<p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$           - </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$            - </font></p>
<p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$            - </font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:67.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$               - </font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$               - </font></p> </td> </tr>
    <tr >

        <td width="397" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Supplemental Disclosures of Non-cash  Financing Activities:</font></u></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Common stock issued for liability reduction</font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$      1,000 </font></p> </td>

        <td width="93" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:57.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$            -</font></p> </td>

        <td width="106" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:67.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:67.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$        1,050 </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The accompanying notes are an integral part of these financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>21</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Notes to the Financial Statements</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>December 31, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font SIZE=2>NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Organization</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Siclone Industries, Inc., (&#147;the Company&#148;) originally incorporated in Delaware on November 1, 1985 as McKinnely Investments, Inc. 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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The Company has not had active business operations since inception and is considered a development stage company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The Company intends to seek, investigate, and if warranted, acquire an interest in a business opportunity. It will not restrict its search to any particular industry or geographical area and may, therefore, engage in essentially any business in any industry. The Company&#146;s management has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions and other factors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Accounting Method</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The Company&#146;s financial statements are prepared using the accrual method of accounting.  The Company has elected a calendar year end.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Cash and Cash Equivalents</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Cash Equivalents include short term, highly liquid investments with maturities of three months or less at the time of acquisition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Net Loss Per Share of Common Stock</font></u><font size=2> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Per share amounts have been computed based on the weighted average number of common shares outstanding during the period. Potential common stock has been excluded from the computation of earnings per share since the inclusion of options and warrants would be anti-dilutive.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Provision for Taxes</font></u><font size=2> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. &nbsp;Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. &nbsp;Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. &nbsp;Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>22</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<font SIZE=2>SICLONE INDUSTRIES INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Notes to the Financial Statements</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>December 31, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Net deferred tax assets consist of the following components as of December 31, 2007 and 2006</font><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007     </font></u></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font
size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:17.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2006    </font></u></p> </td> </tr>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Deferred Tax Assets:</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>NOL Carryover</font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:114.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:67.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$   71,680 </font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:114.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:61.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$     59,280 </font></p> </td> </tr>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Deferred Tax Liabilities:</font></p>
<p style='margin-left:0pt;text-indent:8.25pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Valuation Allowance</font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:114.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:74.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(71,680)</font></u></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:114.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:74.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>(59,280)</font></u></p> </td> </tr>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Net Deferred Tax Asset</font></p> </td>

        <td width="169" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:69.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$            -</font></p> </td>

        <td width="169" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$              -</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 39% to pretax income from continuing operations for the years ended December 31, 2006 and 2005 due to the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007     </font></u><u></u></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font
size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:.75in;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2006    </font></u><u></u></p> </td> </tr>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Book Income</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Valuation Allowance</font></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$   (12,400)</font></p>
<p style='margin-left:0pt;text-indent:110.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>-  </font></p>
<p style='margin-left:0pt;text-indent:81.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>12,400 </font></u></p> </td>

        <td width="169" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:60.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>$   (10,700)</font></p>
<p style='margin-left:0pt;text-indent:110.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>-  </font></p>
<p style='margin-left:0pt;text-indent:81.75pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>10,700</font></u><font size=2> </font></p> </td> </tr>
    <tr >

        <td width="349" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="169" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:63.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$              - </font></p> </td>

        <td width="169" valign=top style='border-bottom:double black 2.25pt; padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:66.0pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$             - </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>At December 31, 2007, the Company had net operating loss carryforwards of approximately $188,000 that may be offset against future taxable income from the year 2007 through 2026. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. &nbsp;Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Use of Estimates</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting date. Actual results could differ from those estimates.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>23</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<font SIZE=2>SICLONE INDUSTRIES INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Notes to the Financial Statements</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>December 31, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Recent Accounting Pronouncements</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:0pt;text-align:justify;'><font size=2>In December 2007, the Financial Accounting Standards Board (&#147;FASB&#148;) issued FASB Statements No.141 (revised 2007), &#147;</font><i><font size=2>Business Combinations</font></i><font size=2>&#148; (&#147;FAS 141(R)&#148;) and No. 160, &#147;</font><i><font size=2>Noncontrolling Interests in Consolidated Financial Statements</font></i><font size=2>&#148; (&#147;FAS 160&#148;). These standards aim to improve, simplify, and converge internationally the accounting for business combinations and the reporting of noncontrolling interests in consolidated financial statements. The provisions of FAS 141 (R) and FAS 160 are effective for the fiscal year beginning J</font><font color="#1F497D"><font size=2>anuary</font></font><font size=2> 1, 2009. We are currently evaluating the provisions of FAS 141(R) and FAS 160. </font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:justify;'><font size=2>In February 2007, the FASB issued Statement No. 159, &#147;</font><i><font size=2>The Fair Value Option for Financial Assets and Financial Liabilities - Including an amendment to FASB Statement No. 115&#148;. </font></i><font size=2>This statement permits companies to choose to measure many financial instruments and other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This Statement is expected to expand the use of fair value measurement of accounting for financial instruments. This statement applies to all entities, including not for profit. The fair value option established by this statement permits all entities to measure eligible items at fair value at specified election
dates. This statement is effective as of the beginning of an entity&#146;s first fiscal year that begins after November 15, 2007.The Company is currently assessing the impact adoption of SFAS No. 159 will have on its financial statements. </font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>In December 2006, the FASB issued SFAS No. 157 &#147;Fair Value Measurements&#148; which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset. The provisions are effective for fiscal years beginning after November 15, 2007. The Company is currently
assessing the impact of the statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>NOTE 2: NOTES PAYABLE</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Notes payable at December 31, 2007 and 2006 consist of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="688" style='margin-left:6.0pt;border-collapse:collapse; '>
    <tr >

        <td width="373" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td>

        <td width="162" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:50.25pt;text-align:center;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>2007     </font></u></p> </td>

        <td width="153" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font
size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:48.0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2006     </font></u><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="373" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Notes Payable</font><b><font size=2> </font></b></p> </td>

        <td width="162" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:59.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$    67,323</font></u></p> </td>

        <td width="153" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:49.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><u><font size=2>$ </font><b><font size=2>   </font></b><font size=2> 55,223</font></u></p> </td> </tr>
    <tr >

        <td width="373" valign=top style='padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.9pt'><font size=2>Total</font></p> </td>

        <td width="162" valign=top style='border-bottom: double black 2.25pt;padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:59.25pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$    67,323</font></p> </td>

        <td width="153" valign=top style='border-bottom: double black 2.25pt;padding:0in 6.0pt 0in 6.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:64.8%'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:49.5pt;text-align:right;margin-top:0pt;margin-bottom:2.9pt'><font size=2>$     55,223</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>24</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SICLONE INDUSTRIES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(A Development Stage Company)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Notes to the Financial Statements </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>December 31, 2006 and 2005</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>NOTE 2: NOTES PAYABLE (continued)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Prior to May 2005, Bradley Shepherd, the former president, had advanced the Company approximately $36,412.  During May 2005, Mr. Shepherd assigned that debt which was owed to him to an unrelated third party and executed a convertible promissory note.  Interest in the amount of $3,639 has been accrued for the year ended December 31, 2007.  The entire balance plus accrued interest is due on demand.  During 2005, the Company issued a second convertible promissory note to an unrelated third party in the amount of $2,848.  Interest in the amount of $285 has been accrued for the year ended December 31, 2007.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>During 2006, the Company issued to an unrelated third party convertible promissory notes in the following amounts: $2,000, $650, and $2,100 to the same party as the note in 2005.   The Company also issued notes in the amount of $6,013 and $5,200 to another unrelated third party.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Interest of approximately $168 on these notes has been accrued for the year ended December 31, 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>All notes are ten percent (10%) convertible promissory notes, convertible into shares of the Company&#146;s common stock at the conversion price of par value per share, provided such conversion does not result in the issuance of control to any one person. All notes are due on demand.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>During 2007, the Company issued ten unrelated third party convertible promissory notes for a total of $12,100.  Interest of approximately $947 on these notes has been accrued for the year ended December 31, 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>All notes are eighteen percent (18%) convertible promissory notes, convertible into shares of the Company&#146;s common stock at the conversion price of par value per share, provided such conversion does not result in the issuance of control to any one person. All notes are due on demand.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>NOTE 3: GOING CONCERN</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As of December 31, 2007, the Company has a working capital deficit, of $117,741 and an accumulated deficit of $726,244.  Based upon the Company's plan of operation, the Company estimates that existing resources will not be sufficient to fund the Company's working capital deficit. The Company is actively seeking additional equity financing. There can be no assurances that sufficient financing will be available on terms acceptable to the Company or at all. If the Company is unable to obtain such financing, the Company will be forced to further scale back operations, which would have an adverse effect on the Company's financial condition and results of operation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>25</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.19in;text-align:center;'><font size=2>&nbsp;</font></p>
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<FILENAME>exhibit311-31dec2007.htm
<DESCRIPTION>EXHIBIT 31.1
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Exhibit 31.1</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SECTION 302 CERTIFICATION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>I, Paul Adams, certify that:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>1. I have reviewed this annual report on Form 10-KSB of Siclone Industries, Inc.;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>2. Based on my knowledge, this annual 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 annual report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>3.  Based on my knowledge, the financial statements, and other financial information included in this annual 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 annual report;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>4.  I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 12a-15(f) and 15d-15(f)) for the registrant and have: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:justify;'><font size=2>a) Designed such disclosure controls and procedures or caused such controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this annual report is being prepared.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:justify;'><font size=2>b) Evaluated the effectiveness of the registrant(s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this annual report based on such evaluations; and </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:justify;'><font size=2>c) Disclosed in this report any change in the small business issuer(s internal control over financial reporting that occurred during the small business issuer(s most recent fiscal quarter  that has materially affected, or is reasonably likely to materially affect, the registrant(s internal control over financial reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>5. 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 functions):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:justify;'><font size=2>a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which could adversely affect the registrant(s ability to record, process, summarize and report financial data and have identified for the registrant(s auditors any material weaknesses in internal controls over financial reporting; and      </font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant(s internal controls over financial reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: April 11,   2008</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Paul Adams</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in;text-align:justify;'><font size=2>Paul Adams</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in;text-align:justify;'><font size=2>Chief Executive Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in;text-align:justify;'><font size=2>And Principal Accounting Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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<TYPE>EX-32.1
<SEQUENCE>3
<FILENAME>exhibit321-31dec2007.htm
<DESCRIPTION>EXHIBIT 32.1
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Exhibit 32.1</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>CERTIFICATION PURSUANT TO</font></B></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>18 U.S.C. SECTION 1350,</font></b></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>AS ADOPTED PURSUANT BY</font></B></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></B></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.38in;text-align:justify;'><font size=2>In connection with the Annual Report of Siclone Industries, Inc., on Form 10-KSB for the period ending December 31, 2007 as filed with the Securities and Exchange Commission on the date hereof (the </font><i><font size=2>"Report"</font></i><font size=2>), the undersigned, Paul Adams, Chief Executive Officer and Principal Accounting Officer  of the Company, certify, pursuant to 18 U.S.C. (1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>(1) The Report fully complies with the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of 1934; and </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: April 11,  2008</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/Paul Adams</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:justify;'><font size=2>Paul Adams</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:justify;'><font size=2>Chief Executive Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:justify;'><font size=2>And Principal Accounting Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
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