-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MekPF9YEVsZ5vIWAji8K8wYKeu84DXNap2IVShf3/mAMtCMtvri1gj8G9bJPBmqh
 zD48AtgBQ4eh+KFFN7t99Q==

<SEC-DOCUMENT>0001023175-09-000306.txt : 20091104
<SEC-HEADER>0001023175-09-000306.hdr.sgml : 20091104
<ACCEPTANCE-DATETIME>20091104171923
ACCESSION NUMBER:		0001023175-09-000306
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20091104
DATE AS OF CHANGE:		20091104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBALWISE INVESTMENTS INC
		CENTRAL INDEX KEY:			0001081745
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870613716
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31671
		FILM NUMBER:		091158658

	BUSINESS ADDRESS:	
		STREET 1:		2157 S. LINCOLN ST
		STREET 2:		2157 S. LINCOLN ST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84106
		BUSINESS PHONE:		8013232395

	MAIL ADDRESS:	
		STREET 1:		2157 S. LINCOLN ST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84106
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>gwiv_09q3e.htm
<DESCRIPTION>QUARTERLY REPORT ON FORM 10Q FOR THE PERIOD ENDED SEPTEMBER 30, 2009
<TEXT>
<HTML>
<head><title>10Q</title> </head> <body style="FONT-SIZE:10pt; COLOR:#000000; LINE-HEIGHT:12pt; FONT-FAMILY:Times New Roman">
<div style=WIDTH:681px> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><b>UNITED STATES</b></p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><b>Washington, D.C. 20549</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:14pt; MARGIN:0px; LINE-HEIGHT:16pt" align=center><b>FORM 10-Q</b></p>
<p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">
<b>[X]</b></p> <p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES</b></p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>EXCHANGE ACT OF 1934</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">For the quarterly period ended
<u>September 30, 2009</u></p> <p style=MARGIN:0px align=center><br></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">
<b>[ &nbsp;]</b></p> <p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">For the transition period from ___ to ___</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>Commission file number:
<u>000-31671</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:14pt; MARGIN:0px; LINE-HEIGHT:16pt" align=center>
<b><u>GLOBALWISE INVESTMENTS, INC.</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>(Exact name of registrant as specified in its charter)</p>
<table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=384> <td width=240 /> <tr> <td width=384 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">
<u>Nevada &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">(State or other jurisdiction of incorporation or organization)</p></td>
<td width=240 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">
<u>87-0613716 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
<p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">(I.R.S. Employer Identification No.)</p></td></tr>
<tr> <td width=384 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">
<u>2157 S. Lincoln Street, Salt Lake City, Utah </u>&nbsp;&nbsp;</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">(Address of principal executive offices)</p></td>
<td width=240 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">
<u>84106 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">(Zip Code)</p></td></tr></table>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><u>(801) 323-2395</u></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>(Registrant&#146;s telephone number, including area code)</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Yes &nbsp;[X] &nbsp;&nbsp;No [ &nbsp;]</p> <p style=MARGIN:0px>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). &nbsp;Yes &nbsp;[ &nbsp;] &nbsp;&nbsp;No [ &nbsp;]</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. &nbsp;See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act.:</p>
<table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=270> <td width=336 /> <tr> <td width=270 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">Large accelerated filer [ &nbsp;]</p>
<p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">Non-accelerated filer &nbsp;&nbsp;[ &nbsp;]</p></td>
<td width=336 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">Accelerated filed [ &nbsp;]</p>
<p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">Smaller reporting company [X]</p></td></tr></table>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). &nbsp;</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Yes [X] &nbsp;&nbsp;No [ &nbsp;]</p> <p style=MARGIN:0px>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">The number of shares outstanding of the registrant&#146;s common stock as of October 26, 2009 was 1,139,000. </p>
<p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>1</p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px; LINE-HEIGHT:13pt" align=center>
<b>TABLE OF CONTENTS</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>&nbsp;PART I &#150; FINANCIAL INFORMATION</p>
<p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Item 1. &nbsp;Financial Statements</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">2</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">Balance Sheets</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">3</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">Statements of Operations</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">4</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">Statements of Cash Flows</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">5</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:48px; LINE-HEIGHT:13pt">Notes to the Financial Statements</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">6</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Item 2. &nbsp;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">7</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Item 3. &nbsp;Quantitative and Qualitative Disclosures About Market Risk</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">8</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Item 4T. &nbsp;Controls and Procedures</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">8</p> <p style=MARGIN:0px>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>PART II &#150; OTHER INFORMATION</p>
<p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Item 6. &nbsp;Exhibits</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">8</p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt">Signatures</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:674px; LINE-HEIGHT:13pt">9</p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>
<b>PART I &#150; FINANCIAL INFORMATION</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">
<b>ITEM 1. &nbsp;FINANCIAL STATEMENTS</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">The financial information set forth below with respect to our statements of operations for the three and nine month periods ended September 30, 2009 and 2008 is unaudited. &nbsp;This financial information, in the opinion of management, includes all adjustments consisting of normal recurring entries necessary for the fair presentation of such data. &nbsp;The results of operations for the nine month period ended September 30, 2009, are not necessarily indicative of results to be expected for any subsequent period. &nbsp;</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>
<b>GLOBALWISE INVESTMENTS, INC.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>&nbsp;</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>(A Development Stage Company)</p>
<p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>Financial Statements</p>
<p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>September 30, 2009</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>2</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px">
<p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><br></p></div> <table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0>
<tr height=0 style=FONT-SIZE:0px> <td width=376> <td width=22> <td width=10> <td width=8> <td width=8>
<td width=16> <td width=114> <td width=16> <td width=109 /> <tr> <td width=683 colspan=9 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center><b>Globalwise Investments, Inc.</b></p></td></tr>
<tr> <td width=683 colspan=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(A Development Stage Company)</p></td></tr>
<tr> <td width=683 colspan=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Balance Sheets</p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom>
<p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>September 30,</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>December 31,</p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2008</p></td></tr>
<tr> <td width=376 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center><b><u>ASSETS</u></b></p></td>
<td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=114 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(Unaudited)</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=399 colspan=2 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">CURRENT ASSETS</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom> <p>&nbsp;</p></td>
<td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Cash </p></td>
<td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,082&nbsp;</p></td>
<td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>128&nbsp;</p></td></tr> <tr> <td width=410 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets </p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,082&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>128&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom>
<p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=399 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL ASSETS </p></td>
<td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=114 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,082&nbsp;</p></td>
<td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>128&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom>
<p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=683 colspan=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">
<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>LIABILITIES AND STOCKHOLDERS' DEFICIT </u></b></p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=410 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;CURRENT LIABILITIES </p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom>
<p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom>
<p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=399 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;Accounts Payable </p></td>
<td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td>
<td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>59,995&nbsp;</p></td>
<td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>54,995&nbsp;</p></td></tr> <tr> <td width=410 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>59,995&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>54,995&nbsp;</p></td></tr> <tr> <td width=376 valign=bottom>
<p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=399 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities</p></td>
<td width=10 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>59,995&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>54,995&nbsp;</p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=410 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">STOCKHOLDERS' DEFICIT</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom>
<p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=426 colspan=5 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">Common Stock, $.001 par value; 50,000,000 shares</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=418 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;authorized; 1,139,000 &nbsp;shares issued and &nbsp;outstanding</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,139&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,139&nbsp;</p></td></tr>
<tr> <td width=410 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Additional paid in Capital</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>35,205&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>35,205&nbsp;</p></td></tr>
<tr> <td width=426 colspan=5 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Deficit Accumulated During the Development Stage</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(95,257)</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(91,211)</p></td></tr>
<tr> <td width=376 valign=bottom> <p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=410 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Deficit</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(58,913)</p></td>
<td width=16 valign=bottom> <p>&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(54,867)</p></td></tr> <tr> <td width=376 valign=bottom>
<p>&nbsp;</p></td> <td width=22 valign=bottom> <p>&nbsp;</p></td> <td width=10 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom>
<p>&nbsp;</p></td> <td width=114 valign=bottom> <p>&nbsp;</p></td> <td width=16 valign=bottom> <p>&nbsp;</p></td>
<td width=109 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=426 colspan=5 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT</p></td>
<td width=16 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td> <td width=114 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,082&nbsp;</p></td> <td width=16 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$&nbsp;</p></td> <td width=109 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>128&nbsp;</p></td></tr></table> <div style=WIDTH:681px>
<p style=MARGIN:0px align=center><br></p> <p style="MARGIN:0px; LINE-HEIGHT:normal; FONT-FAMILY:Arial" align=center>The accompanying notes are an integral part of these financial statements
<font style=FONT-SIZE:11pt>.</font></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>
<br><br></p> <p style=MARGIN:0px align=center>3</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<br></p> <table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=168> <td width=12> <td width=8> <td width=11> <td width=79> <td width=11> <td width=75> <td width=9>
<td width=72> <td width=11> <td width=77> <td width=9> <td width=97 /> <tr> <td width=645 colspan=13 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center><b>Globalwise Investments, Inc.</b></p></td></tr>
<tr> <td width=645 colspan=13 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(A Development Stage Company)</p></td></tr>
<tr> <td width=645 colspan=13 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Statements of Operations</p></td></tr>
<tr> <td width=645 colspan=13 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(Unaudited) </p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>From</p></td></tr> <tr> <td width=168 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Inception on</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=166 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>For the three months ended</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=161 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>For the nine months ended</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>October 3, 1997</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=166 colspan=3 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Sept. 30,</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=161 colspan=3 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Sept. 30,</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>to Sept. 30,</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2008</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2008</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td></tr> <tr> <td width=168 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=181 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">REVENUES</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p align=right>&nbsp;-&nbsp; </p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=181 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">EXPENSES</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=97 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=189 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;General & Administrative</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>777&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,374&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>4,046&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>5,443&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>95,257&nbsp;</p></td></tr> <tr> <td width=168 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=189 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;TOTAL EXPENSES</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>777&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,374&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>4,046&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>5,443&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>95,257&nbsp;</p></td></tr> <tr> <td width=168 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=189 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net Operating Loss</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(777)</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(1,374)</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(4,046)</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(5,443)</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(95,257)</p></td></tr> <tr> <td width=168 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=97 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=189 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">LOSS BEFORE TAXES</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(777)</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(1,374)</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(4,046)</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(5,443)</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(95,257)</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=168 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">TAXES</p></td>
<td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=72 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=97 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=181 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">NET LOSS</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=79 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(777)</p></td>
<td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=75 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(1,374)</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=72 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(4,046)</p></td>
<td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=77 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(5,443)</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=97 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(95,257)</p></td></tr>
<tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=8 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=189 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">NET LOSS PER SHARE</p></td>
<td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=79 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=75 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=72 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=11 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=77 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;</p></td> <td width=97 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=168 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td>
<td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=97 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=200 colspan=4 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">WEIGHTED AVERAGE SHARES</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=75 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=77 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=97 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=181 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;OUTSTANDING</p></td>
<td width=8 valign=bottom> <p>&nbsp;</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,139,000&nbsp;</p></td> <td width=11 valign=bottom>
<p>&nbsp;</p></td> <td width=75 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,604,000</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=72 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,139,000</p></td> <td width=11 valign=bottom> <p>&nbsp;</p></td>
<td width=77 style="BORDER-BOTTOM:#000000 3px double" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,604,000&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=97 valign=bottom> <p>&nbsp;</p></td></tr></table>
<p style=MARGIN:0px align=center><br></p> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>The accompanying notes are an integral part of these financial statements</p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>4</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px">
<p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><br></p> <table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0>
<tr height=0 style=FONT-SIZE:0px> <td width=275> <td width=14> <td width=14> <td width=14> <td width=9>
<td width=79> <td width=12> <td width=68> <td width=9> <td width=81 /> <tr> <td width=581 colspan=10 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center><b>Globalwise Investments, Inc.</b></p></td></tr>
<tr> <td width=581 colspan=10 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(A Development Stage Company)</p></td></tr>
<tr> <td width=581 colspan=10 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Statements of Cash Flows</p></td></tr>
<tr> <td width=581 colspan=10 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>(Unaudited)</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>From</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Inception on</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>October 3,</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=161 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>For the nine months ended</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>1997Through</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=161 colspan=3 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>September 30,</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>Sept. 30,</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td>
<td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2008</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>2009</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial"><b>Cash Flows from Operating Activities</b></p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Net Loss</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;(4,046)</p></td>
<td width=12 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;(5,443)</p></td> <td width=9 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(95,257)</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Adjustment to reconcile net loss to cash provided</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;(used) by operating activities:</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Capital contributions - expenses</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>6,550&nbsp;</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Changes in assets and liabilities:</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Increase in inventory</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(21,744)</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Increase in Accounts Payable & Accrued Expenses</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>5,000&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>3,400&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>68,594&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Net Cash Provided (Used) by Operating Activities</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>954&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(2,043)</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(41,857)</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial"><b>Cash Flows from Investing Activities</b></p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Purchase of equipment</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(20,530)</p></td></tr>
<tr> <td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Loss of cash in spin-off</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(1,531)</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Net Cash Used by Investing Activities</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(22,061)</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial"><b>Cash Flows from Financing Activities</b></p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Proceeds from stock issuance</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>65,000&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Net Cash Provided by Financing Activities</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>65,000&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=305 colspan=3 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Increase (Decrease) in Cash</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>954&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>(2,043)</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=81 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>1,082&nbsp;</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Cash and Cash Equivalents at Beginning of Period</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>128&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>2,633&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 style="BORDER-BOTTOM:#000000 1px solid" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>-&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom>
<p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr>
<td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Cash and Cash Equivalents at End of Period</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=79 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;1,082&nbsp;</p></td> <td width=12 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 style="BORDER-BOTTOM:#000000 3px double" valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,082&nbsp;</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">Supplemental Cash Flow Information:</p></td>
<td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom>
<p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom> <p>&nbsp;</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td>
<td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=305 colspan=3 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Stock issued for services</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=12 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,000&nbsp;</p></td></tr>
<tr> <td width=320 colspan=4 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Issuance of stock in settlement of debt</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=79 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=12 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,000&nbsp;</p></td></tr>
<tr> <td width=275 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td>
<td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td> <td width=68 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=290 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;Cash Paid For:</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p>&nbsp;</p></td> <td width=79 valign=bottom> <p>&nbsp;</p></td> <td width=12 valign=bottom> <p>&nbsp;</p></td>
<td width=68 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom> <p>&nbsp;</p></td> <td width=81 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=275 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom>
<p>&nbsp;</p></td> <td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td>
<td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=12 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td></tr>
<tr> <td width=290 colspan=2 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Income Taxes</p></td>
<td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=14 valign=bottom> <p>&nbsp;</p></td> <td width=9 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=79 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=12 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=68 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td>
<td width=9 valign=bottom> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>$</p></td> <td width=81 valign=bottom>
<p style="MARGIN:0px; FONT-FAMILY:Arial" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;</p></td></tr></table>
<p style=MARGIN:0px align=center><br></p> <p style="MARGIN:0px; FONT-FAMILY:Arial" align=center>The accompanying notes are an integral part of these financial statements</p>
<p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>5</p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center><b>Globalwise Investments, Inc.</b></p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>(A Development Stage Company)</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>Notes to the Financial Statements</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=center>September 30, 2009</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=justify>NOTE 1 -</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:72px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=justify>BASIS OF FINANCIAL STATEMENT PRESENTATION</p>
<p style=MARGIN:0px align=justify><br></p> <p style="PADDING-LEFT:72px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt; FONT-FAMILY:Arial" align=justify>The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. &nbsp;Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. &nbsp;The information furnished in the interim condensed financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. &nbsp;Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in c
onjunction with the Company&#146;s audited financial statements and notes thereto included in its December 31, 2008 Annual Report on Form 10-K. &nbsp;Operating results for the nine-months ended September 30, 2009 are not necessarily indicative of the results to be expected for year ending December 31, 2009.</p>
<p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>6</p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px; LINE-HEIGHT:13pt">
<i>In this report references to &#147;Globalwise,&#148; &#147;we,&#148; &#147;us,&#148; and &#147;our&#148; refer to Globalwise Investments, Inc.</i></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><b>FORWARD LOOKING STATEMENTS</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">The Securities and Exchange Commission (&#147;SEC&#148;) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. &nbsp;This report contains these types of statements. &nbsp;Words such as &#147;may,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;believe,&#148; &#147;anticipate,&#148; &#147;estimate,&#148; &#147;project,&#148; or &#147;continue&#148; or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. &nbsp;You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. &nbsp;All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to di
ffer materially from those described in the forward-looking statements. </p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>ITEM 2. MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Executive Overview</i></b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">We are a development stage company and have not recorded revenues from operations for the past two fiscal years. &nbsp;During the next twelve months our management intends to actively seek an operating company to acquire or merge with which may provide operating revenue. &nbsp;Based on current regulatory conditions, management believes that it is possible, if not probable, for a company like ours, without many assets or liabilities, to negotiate a merger with, or acquisition of, a viable private company. &nbsp;The opportunity arises principally because of the high legal and accounting fees and the length of time associated with the process of &#147;going public.&#148; &nbsp;However, management believes the struggling global economy will restrict the number of business opportunities available to us and will restrict the cash available for such transactions. &nbsp;There can be no assurance in the current economy that we will b
e able to acquire an interest in an operating company. &nbsp;If a merger or acquisition proves unsuccessful, then it is possible that we may decide not to pursue further merger/acquisition activities.</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">As of the date of this filing, we have not identified any assets or business opportunities for acquisition or merger. &nbsp;Potential investors must recognize that our management may effect transactions having a potentially adverse impact upon our shareholders pursuant to the authority and discretion of our management to complete acquisitions without submitting any proposal to the stockholders for their consideration. &nbsp;In addition, because we have limited capital available for investigation of business opportunities and management has limited experience in business analysis, we may not discover or adequately evaluate adverse facts about any particular business opportunity. &nbsp;All risks inherent in new and inexperienced enterprises are inherent in our plan. </p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Financial Condition</i></b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">We have had recurring operating losses for the past two fiscal years and, historically, we have relied on loans to meet our cash requirements. &nbsp;The majority of our expenses are related to the preparation of our periodic reports under the Exchange Act. &nbsp;These expenses include legal, accounting and professional services and costs required to prepare and file our reports with the SEC. &nbsp;We are unable to pay cash for these services and we will need to borrow or raise additional funds during the next twelve months.</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">At September 30, 2009 we had cash of $1,082 and total liabilities of $59,995. &nbsp;In the short term, we intend to rely on debt or equity transactions with third parties and/or related parties to provide operating capital. &nbsp;We may repay this debt with cash, if available, or we may convert the debt into common stock. &nbsp;We also may issue common stock in consideration for services rendered to us.</p>
<p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>7</p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px; LINE-HEIGHT:13pt">If we obtain a business opportunity, then it may be necessary to raise additional capital through the sale of our common stock. &nbsp;We anticipate that the common stock will be issued pursuant to exemptions to registration provided by federal and state securities laws. &nbsp;The purchasers and manner of issuance will be determined according to our financial needs and the available exemptions from the registration requirements. &nbsp;We do not currently intend to make a public offering of our stock. &nbsp;We also note that if we issue more shares of our common stock, then our shareholders may experience dilution in the value per share of the common stock they hold. </p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Off-Balance Sheet Arrangements</i></b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">None. </p> <p style=MARGIN:0px>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>ITEM 3. &nbsp;QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Not applicable.</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>ITEM 4T. &nbsp;CONTROLS AND PROCEDURES</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Disclosure Controls and Procedures</i></b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC. &nbsp;This information is accumulated to allow timely decisions regarding required disclosure. &nbsp;Our President, who serves as our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. &nbsp;Based on that evaluation, he concluded that our disclosure controls and procedures were effective.</p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Management&#146;s Report on Internal Control over Financial Reporting</i></b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). &nbsp;Management conducted an evaluation of the effectiveness of our internal control over financial reporting and determined that there were no changes made in our internal control over financial reporting during the third quarter of our 2009 fiscal year that have materially affected or are reasonably likely to materially affect our internal control over financial reporting. </p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center><b>PART II &#150; OTHER INFORMATION</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b>ITEM 6. &nbsp;EXHIBITS</b></p>
<p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Part I Exhibits</i></b></p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">
<u>No.</u></p> <p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><u>Description</u></p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">31.1</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Principal Executive Officer Certification</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">31.2</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Principal Financial Officer Certification</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">32.1</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Section 1350 Certification</p>
<p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>8</p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px">
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><b><i>Part II Exhibits</i></b></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">
<u>No.</u></p> <p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt"><u>Description</u></p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">3(i)</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Articles of Incorporation, as amended (Incorporated by reference to exhibit 3.1 of Form 10-QSB, filed October 11, 2001)</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">3(i)(a)</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Certificate of Correction, effective May 22, 2007 (Incorporated by reference to exhibit 3.1 of Form 8-K, filed June 17, 2007)</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN-BOTTOM:-17px; TEXT-INDENT:-48px; LINE-HEIGHT:13pt">3(ii)</p>
<p style="PADDING-LEFT:48px; FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of Form 10-SB, filed October 2, 2000)</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt" align=center>
<b>SIGNATURES</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">Pursuant to the requirements 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.</p>
<p style=MARGIN:0px><br></p> <table bordercolor=transparent style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=372> <td width=252 /> <tr> <td width=372 valign=top> <p style="MARGIN-TOP:7px; FONT-SIZE:11pt; MARGIN-BOTTOM:0px; LINE-HEIGHT:13pt">
<b>GLOBALWISE INVESTMENTS, INC. </b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">By: &nbsp;<i><u>/s/ Donald R. Mayer</u></i></p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Donald R. Mayer</p>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Director</p>
<p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer </p></td>
<td width=252 valign=top> <p style="MARGIN-TOP:7px; MARGIN-BOTTOM:0px"><br></p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; FONT-SIZE:11pt; MARGIN-BOTTOM:3px; LINE-HEIGHT:13pt">Date: October 29, 2009</p></td></tr></table>
<p style="FONT-SIZE:11pt; MARGIN:0px; LINE-HEIGHT:13pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>9</p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px><br></p></div></body>
<!-- EDGAR Validation Code: 7DDDADF2 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>gwiv_09q3ex311.htm
<DESCRIPTION>PRINCIPAL EXECUTIVE OFFICER CERTIFICATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="CSPC client">
<META NAME="date" CONTENT="11/04/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:681.6px"><P style="margin:0px">Exhibit 31.1</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>PRINCIPAL EXECUTIVE OFFICER CERTIFICATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">I, Donald R. Mayer, certify that:</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">1.</P>
<P style="margin:0px; padding-left:48px">I have reviewed this quarterly report on Form 10-Q of Globalwise Investments, Inc.;</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">2.</P>
<P style="margin:0px; padding-left:48px">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">3.</P>
<P style="margin:0px; padding-left:48px">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">4.</P>
<P style="margin:0px; padding-left:48px">The registrant&#146;s other certifying officer(s) and I are 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 13a-15(f) and 15d-15(f)) for the registrant and have:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(a) &nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(b) &nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(c) &nbsp;Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(d) &nbsp;Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">5.</P>
<P style="margin:0px; padding-left:48px">The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of registrant&#146;s board of directors (or persons performing the equivalent function):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(a) &nbsp;All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(b) &nbsp;Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=246></TD><TD width=378></TD></TR>
<TR><TD valign=top width=246><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:3.2px">Date: October 29, 2009</P>
</TD><TD valign=top width=378><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><I><U>/s/ Donald R. Mayer</U></I></P>
<P style="margin:0px">Donald R. Mayer</P>
<P style="margin-top:0px; margin-bottom:3.2px">Principal Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 0A046A98 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>gwiv_09q3ex312.htm
<DESCRIPTION>PRINCIPAL FINANCIAL OFFICER CERTIFICATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Terri Jackson">
<META NAME="date" CONTENT="11/04/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:672px"><P style="margin:0px">Exhibit 31.2</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>PRINCIPAL FINANCIAL OFFICER CERTIFICATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">I, Donald R. Mayer, certify that:</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">1.</P>
<P style="margin:0px; padding-left:48px">I have reviewed this quarterly report on Form 10-Q of Globalwise Investments, Inc.;</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">2.</P>
<P style="margin:0px; padding-left:48px">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">3.</P>
<P style="margin:0px; padding-left:48px">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">4.</P>
<P style="margin:0px; padding-left:48px">The registrant&#146;s other certifying officer(s) and I are 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 13a-15(f) and 15d-15(f)) for the registrant and have:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(a) &nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(b) &nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(c) &nbsp;Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(d) &nbsp;Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">5.</P>
<P style="margin:0px; padding-left:48px">The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of registrant&#146;s board of directors (or persons performing the equivalent function):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(a) &nbsp;All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">(b) &nbsp;Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=246></TD><TD width=378></TD></TR>
<TR><TD valign=top width=246><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:3.2px">Date: October 29, 2009</P>
</TD><TD valign=top width=378><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><I><U>/s/ Donald R. Mayer</U></I></P>
<P style="margin:0px">Donald R. Mayer</P>
<P style="margin-top:0px; margin-bottom:3.2px">Principal Financial Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: F1E18376 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>gwiv_09q3ex32.htm
<DESCRIPTION>SECTION 1350 CERTIFICATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Globalwise Investments, Inc</TITLE>
<META NAME="author" CONTENT="Terri Jackson">
<META NAME="date" CONTENT="11/04/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:672px"><P style="margin:0px" align=center>Globalwise Investments, Inc.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><U>CERTIFICATION OF PERIODIC REPORT</U></P>
<P style="margin:0px" align=center>Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</P>
<P style="margin:0px" align=center>18 U.S.C. Section 1350</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The undersigned executive officer of Globalwise Investments, Inc. certifies pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that:</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">a.</P>
<P style="margin:0px; padding-left:48px">the quarterly report on Form 10-Q of Globalwise Investments, Inc. for the quarter ended September 30,2009 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">b.</P>
<P style="margin:0px; padding-left:48px">the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Globalwise Investments, Inc. </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=246></TD><TD width=378></TD></TR>
<TR><TD valign=top width=246><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:3.2px">Date: October 29, 2009</P>
</TD><TD valign=top width=378><P style="margin-top:6.667px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><I><U>/s/ Donald R. Mayer</U></I></P>
<P style="margin:0px">Donald R. Mayer</P>
<P style="margin:0px">Principal Executive Officer</P>
<P style="margin-top:0px; margin-bottom:3.2px">Principal Financial Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: D1A0101B -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
