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<SEC-DOCUMENT>0001023175-10-000131.txt : 20100517
<SEC-HEADER>0001023175-10-000131.hdr.sgml : 20100517
<ACCEPTANCE-DATETIME>20100514192841
ACCESSION NUMBER:		0001023175-10-000131
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20100331
FILED AS OF DATE:		20100517
DATE AS OF CHANGE:		20100514

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:		10835418

	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>gwiv2010q1final.htm
<DESCRIPTION>QUARTERLY REPORT ON FORM 10Q FOR THE PERIOD ENDED MARCH 31, 2010
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>UNITED STATES</TITLE>
<META NAME="author" CONTENT="Terri Jackson">
<META NAME="date" CONTENT="05/03/2010">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:681.6px"><P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:20pt" align=center><B>FORM 10-Q</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><B>[X]</B></P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt"><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES</B></P>
<P style="margin:0px; padding-left:48px; font-size:11pt; clear:left"><B>EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:11pt">For the quarterly period ended <U>March 31, 2010</U></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><B>[ &nbsp;]</B></P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:11pt">For the transition period from ___ to ___</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center>Commission file number:<U> 000-31671</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B><U>GLOBALWISE INVESTMENTS, INC.</U></B></P>
<P style="margin:0px; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=384 /><TD width=240 /></TR>
<TR><TD style="margin-top:0px" valign=top width=384><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt"><U>Nevada &nbsp;</U></P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">(State or other jurisdiction of incorporation or organization)</P>
</TD><TD style="margin-top:0px" valign=top width=240><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt"><U>87-0613716 </U></P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">(I.R.S. Employer Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=384><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt"><U>2157 S. Lincoln Street, Salt Lake City, Utah </U>&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=240><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt"><U>84106 &nbsp;</U></P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt" align=center><U>(801) 323-2395</U></P>
<P style="margin:0px; font-size:11pt" align=center>(Registrant&#146;s telephone number, including area code)</P>
<P style="margin:0px; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0px; font-size:11pt">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="margin:0px; font-size:11pt">Yes &nbsp;[X] &nbsp;&nbsp;No [ &nbsp;]</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">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="margin:0px; font-size:11pt">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 style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=270 /><TD width=336 /></TR>
<TR><TD style="margin-top:0px" valign=top width=270><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt">Large accelerated filer [ &nbsp;]</P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">Non-accelerated filer &nbsp;&nbsp;[ &nbsp;]</P>
</TD><TD style="margin-top:0px" valign=top width=336><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt">Accelerated filed [ &nbsp;]</P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">Smaller reporting company [X]</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">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="margin:0px; font-size:11pt">Yes [X] &nbsp;&nbsp;No [ &nbsp;]</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">The number of shares outstanding of the registrant&#146;s common stock as May 3, 2010 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 style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; font-size:11pt; page-break-before:always" align=center><B>TABLE OF CONTENTS</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center>&nbsp;PART I &#150; FINANCIAL INFORMATION</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-right:-515.8px; margin-bottom:-2px; width:681.6px; font-size:11pt; float:left">Item 1. &nbsp;Financial Statements</P>
<P style="margin-top:0px; margin-bottom:-2px; width:515.8px; font-size:11pt; float:left" align=right>2</P>
<P style="margin-top:0px; margin-right:-550px; margin-bottom:-2px; text-indent:48px; width:681.6px; font-size:11pt; clear:left; float:left">Balance Sheets</P>
<P style="margin-top:0px; margin-bottom:-2px; width:550px; font-size:11pt; float:left" align=right>3</P>
<P style="margin-top:0px; margin-right:-491px; margin-bottom:-2px; text-indent:48px; width:681.6px; font-size:11pt; clear:left; float:left">Statements of Operations</P>
<P style="margin-top:0px; margin-bottom:-2px; width:491px; font-size:11pt; float:left" align=right>4</P>
<P style="margin-top:0px; margin-right:-486.467px; margin-bottom:-2px; text-indent:48px; width:681.6px; font-size:11pt; clear:left; float:left">Statements of Cash Flows</P>
<P style="margin-top:0px; margin-bottom:-2px; width:486.467px; font-size:11pt; float:left" align=right>5</P>
<P style="margin-top:0px; margin-right:-442.067px; margin-bottom:-2px; text-indent:48px; width:681.6px; font-size:11pt; clear:left; float:left">Notes to the Financial Statements</P>
<P style="margin-top:0px; margin-bottom:-2px; width:442.067px; font-size:11pt; float:left" align=right>6</P>
<P style="margin-top:0px; margin-right:-112.133px; margin-bottom:-2px; width:681.6px; font-size:11pt; clear:left; float:left">Item 2. &nbsp;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</P>
<P style="margin-top:0px; margin-bottom:-2px; width:112.133px; font-size:11pt; float:left" align=right>7</P>
<P style="margin-top:0px; margin-right:-284.6px; margin-bottom:-2px; width:681.6px; font-size:11pt; clear:left; float:left">Item 3. &nbsp;Quantitative and Qualitative Disclosures About Market Risk</P>
<P style="margin-top:0px; margin-bottom:-2px; width:284.6px; font-size:11pt; float:left" align=right>8</P>
<P style="margin-top:0px; margin-right:-485.267px; margin-bottom:-2px; width:681.6px; font-size:11pt; clear:left; float:left">Item 4T. &nbsp;Controls and Procedures</P>
<P style="margin-top:0px; margin-bottom:-2px; width:485.267px; font-size:11pt; float:left" align=right>8</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-size:11pt" align=center>PART II &#150; OTHER INFORMATION</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-right:-589.6px; margin-bottom:-2px; width:681.6px; font-size:11pt; float:left">Item 6. &nbsp;Exhibits</P>
<P style="margin-top:0px; margin-bottom:-2px; width:589.6px; font-size:11pt; float:left" align=right>9</P>
<P style="margin-top:0px; margin-right:-625.4px; margin-bottom:-2px; width:681.6px; font-size:11pt; clear:left; float:left">Signatures</P>
<P style="margin-top:0px; margin-bottom:-2px; width:625.4px; font-size:11pt; float:left" align=right>9</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>PART I &#150; FINANCIAL INFORMATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B>ITEM 1. &nbsp;FINANCIAL STATEMENTS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">The financial information set forth below with respect to our statements of operations for the three month periods ended March 31, 2010 and 2009 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 three month period ended March 31, 2010, 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="margin:0px; font-size:11pt" align=center><B>GLOBALWISE INVESTMENTS, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center>&nbsp;</P>
<P style="margin:0px; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center>Financial Statements</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center>March 31, 2010</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 style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=296.2 /><TD width=30.333 /><TD width=24.067 /><TD width=24 /><TD width=24 /><TD width=3.333 /><TD width=113.6 /><TD width=3.333 /><TD width=122.067 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=640.933 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>Globalwise Investments, Inc.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=640.933 colspan=9><P style="margin:0px; font-family:Arial" align=center>(A Development Stage Company)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=640.933 colspan=9><P style="margin:0px; font-family:Arial" align=center>Balance Sheets</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; font-family:Arial" align=center>March 31,</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; font-family:Arial" align=center>December 31,</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin:0px; font-family:Arial" align=center>2010</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin:0px; font-family:Arial" align=center>2009</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial"><B><U>ASSETS</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.533 colspan=2><P style="margin:0px; font-family:Arial">CURRENT ASSETS</P>
</TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Cash</P>
</TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-right:-93.333px; margin-bottom:-2px; text-indent:9.333px; width:102.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:93.333px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-right:-101.333px; margin-bottom:-2px; text-indent:9.333px; width:110.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>305&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>305&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.533 colspan=2><P style="margin:0px; font-family:Arial">TOTAL ASSETS</P>
</TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-right:-93.333px; margin-bottom:-2px; text-indent:9.333px; width:102.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:93.333px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-right:-101.333px; margin-bottom:-2px; text-indent:9.333px; width:110.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>305&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial"><B><U>LIABILITIES AND STOCKHOLDERS' DEFICIT</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">CURRENT LIABILITIES</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.533 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable</P>
</TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-right:-93.333px; margin-bottom:-2px; text-indent:9.333px; width:102.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:93.333px; font-family:Arial; float:left" align=right>64,191&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-right:-101.333px; margin-bottom:-2px; text-indent:9.333px; width:110.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>59,995&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>64,191&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>59,995&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.533 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>64,191&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>59,995&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">STOCKHOLDERS' DEFICIT</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock, $.001 par value; 50,000,000 shares</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorized; 1,139,000 &nbsp;shares issued and outstanding </P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,139&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>1,139&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional Paid in Capital</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>35,205&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>35,205&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deficit Accumulated During the Development Stage</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>(99,310)</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>(96,034)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=350.6 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Deficit</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>(62,966)</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-bottom:-2px; width:110.667px; font-family:Arial; float:left" align=right>(59,690)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=296.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=30.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=113.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=122.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=398.6 colspan=5><P style="margin:0px; font-family:Arial">TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=113.6><P style="margin-top:0px; margin-right:-93.333px; margin-bottom:-2px; text-indent:9.333px; width:102.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:93.333px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=122.067><P style="margin-top:0px; margin-right:-101.333px; margin-bottom:-2px; text-indent:9.333px; width:110.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>305&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<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>3</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; page-break-before:always" align=center><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=166.733 /><TD width=12.933 /><TD width=12.2 /><TD width=29.133 /><TD width=6.733 /><TD width=13.333 /><TD width=6.733 /><TD width=6.733 /><TD width=3.333 /><TD width=13.333 /><TD width=126.533 /><TD width=26.933 /><TD width=116.333 /><TD width=16.6 /><TD width=126 /><TD width=3.267 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=686.867 colspan=16><P style="margin:0px; font-family:Arial" align=center><B>Globalwise Investments, Inc.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=686.867 colspan=16><P style="margin:0px; font-family:Arial" align=center>(A Development Stage Company)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=686.867 colspan=16><P style="margin:0px; font-family:Arial" align=center>Statements of Operations</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=686.867 colspan=16><P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; font-family:Arial" align=center>From Inception on</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=269.8 colspan=3><P style="margin:0px; font-family:Arial" align=center>For the three months ended Mar
ch 31,</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; font-family:Arial" align=center>October 3, 1997</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin:0px; font-family:Arial" align=center>2010</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin:0px; font-family:Arial" align=center>2009</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin:0px; font-family:Arial" align=center>to March 31, 2010</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=221 colspan=4><P style="margin:0px; font-family:Arial">REVENUES</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-right:-105.333px; margin-bottom:-2px; text-indent:9.333px; width:114.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-right:-108px; margin-bottom:-2px; text-indent:9.333px; width:117.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=221 colspan=4><P style="margin:0px; font-family:Arial">EXPENSES</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0p
x">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=227.733 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;General &amp; Administrative</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>3,276&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>2,292&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-bottom:-2px; width:117.333px; font-family:Arial; float:left" align=right>99,310&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=48.067 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px
; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=227.733 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;TOTAL EXPENSES</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>3,276&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>2,292&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-bottom:-2px; width:117.333px; font-family:Arial; float:left" align=right>99,310&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=48.067 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0p
x; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=227.733 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net Operating Loss</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>(3,276)</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(2,292)</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-bottom:-2px; width:117.333px; font-family:Arial; float:left" align=right>(99,310)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=48.067 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px
; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=227.733 colspan=5><P style="margin:0px; font-family:Arial">LOSS BEFORE TAXES</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>(3,276)</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(2,292)</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-bottom:-2px; width:117.333px; font-family:Arial; float:left" align=right>(99,310)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; font-family:Arial">TAXES</P>
</TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-bottom:-2px; width:117.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=221 colspan=4><P style="margin:0px; font-family:Arial">NET LOSS</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-right:-105.333px; margin-bottom:-2px; text-indent:9.333px; width:114.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(3,276)</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Arial; float:left" align=right>(2,292)</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=129.267 colspan=2><P style="margin-top:0px; margin-right:-108px; margin-bottom:-2px; text-indent:9.333px; width:117.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(99,310)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=54.267 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px;
 padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=227.733 colspan=5><P style="margin:0px; font-family:Arial">NET LOSS PER SHARE</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-right:-105.333px; margin-bottom:-2px; text-indent:9.333px; width:114.667px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(0.00)&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Arial; float:left" align=right>(0.00)&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=166.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=48.067 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px
; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=241.067 colspan=6><P style="margin:0px; font-family:Arial">WEIGHTED AVERAGE SHARES</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=126.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=116.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=179.667 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;OUTSTANDING</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=49.2 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=126.533><P style="margin-top:0px; margin-bottom:-2px; width:114.667px; font-family:Arial; float:left" align=right>1,139,000&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=26.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=116.333><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,139,000&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.267 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:681.6px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<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>4</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=267.8 /><TD width=15.067 /><TD width=14.267 /><TD width=14.4 /><TD width=14.533 /><TD width=96.667 /><TD width=18.667 /><TD width=100.4 /><TD width=6.533 /><TD width=119.267 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=667.6 colspan=10><P style="margin:0px; font-family:Arial" align=center><B>Globalwise Investments, Inc.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=667.6 colspan=10><P style="margin:0px; font-family:Arial" align=center>(A Development Stage Company)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=667.6 colspan=10><P style="margin:0px; font-family:Arial" align=center>Statements of Cash Flows</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=667.6 colspan=10><P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; font-family
:Arial" align=center>From Inception on</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=215.733 colspan=3><P style="margin:0px; font-family:Arial" align=center>For the three months ended</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; font-family:Arial" align=center>October 3, 1997</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=215.733 colspan=3><P style="margin:0px; font-family:Arial" align=center>March 31,</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; font-family:Arial" align=center>Through</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin:0px; font-family:Arial" align=center>2010</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin:0px; font-family:Arial" align=center>2009</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin:0px; font-family:Arial" align=center>March 31, 2010</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial"><B>Cash Flows from Operating Activities</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; font-family:Arial">Net Loss</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>(3,276)</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>(2,292)</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>(99,310)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.067 colspan=5><P style="margin:0px; font-family:Arial">Adjustment to reconcile net loss to cash provided</P>
</TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;(used) by operating activities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital contributions - expenses</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>6,550&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">Changes in assets and liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in inventory</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(21,744)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.067 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in accounts payable &amp; accrued expenses</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>4,196&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>3,282&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>72,790&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=326.067 colspan=5><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Net Cash Provided (Used) by Operating Activities</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>920&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>990&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(41,714)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial"><B>Cash Flows from Investing Activities</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Purchase of equipment</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(20,530)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Loss of cash in spin-off</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(1,531)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Net Cash Used by Investing Activities</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(22,061)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial"><B>Cash Flows from Financing Activities</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Proceeds from stock issuance</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>65,000&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Net Cash Provided by Financing Activities</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>65,000&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">Increase (Decrease) in Cash</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>920&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>990&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">Cash and Cash Equivalents, Beginning of Period</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>305&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-bottom:-2px; width:89.333px; font-family:Arial; float:left" align=right>128&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">Cash and Cash Equivalents, End of Period</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>1,118&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>1,225&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">Supplemental Cash Flow Information:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=297.133 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Stock issued for services</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>20,000&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=311.533 colspan=4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Issuance of stock in settlement of debt</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>8,000&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=282.867 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;Cash Paid For:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest</P>
</TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=282.867 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Income Taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin-top:0px; margin-right:-80px; margin-bottom:-2px; text-indent:9.333px; width:89.333px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:80px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin-top:0px; margin-right:-98.667px; margin-bottom:-2px; text-indent:9.333px; width:108px; font-family:Arial; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:98.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=267.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=15.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=96.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=100.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=119.267><P style="margin:0px; padding:0px
">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" 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 style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; font-size:11pt; page-break-before:always" align=center><B>Globalwise Investments, Inc.</B></P>
<P style="margin:0px; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0px; font-size:11pt" align=center>Notes to the Financial Statements</P>
<P style="margin:0px; font-size:11pt" align=center>March 31, 2010</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt">NOTE 1 -BASIS OF FINANCIAL STATEMENT PRESENTATION</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:72px; font-size:11pt" align=justify>The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. &nbsp;Certain information and footnote disclosures normally included in financial statements prepared in accordance with 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 conjunction with the Company&#146;s audited financial statements and notes theret
o included in its December 31, 2009 Annual Report on Form 10-K. &nbsp;Operating results for the three months ended March 31, 2010 are not necessarily indicative of the results to be expected for year ending December 31, 2010.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>6</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; font-size:11pt; page-break-before:always"><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="margin:0px; font-size:11pt" align=center><B>FORWARD LOOKING STATEMENTS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">The Securities and Exchange Commission (&#147;SEC&#148;) encourages reporting 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 differ materially from those described 
in the forward-looking statements. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><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="margin:0px; font-size:11pt"><B><I>Executive Overview</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Our business plan is to seek, investigate, and, if warranted, acquire an interest in a business opportunity. &nbsp;Our acquisition of a business opportunity may be made by merger, exchange of stock, or otherwise. &nbsp;We have very limited sources of capital, and we probably will only be able to take advantage of one business opportunity. &nbsp;As of the date of this filing we have not identified any business opportunity that we plan to pursue, nor have we reached any preliminary or definitive agreements or understandings with any person concerning an acquisition or merger. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><I>Financial Condition</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">We are a development stage company and have not recorded revenues for the past two fiscal years. &nbsp;At March 31, 2010, we had $1,225 in cash and had total liabilities of $64,191 and we are dependent upon financing to continue basic operations. &nbsp;Management intends to rely upon advances or loans from management or significant stockholders to meet our cash requirements, but we have not entered into written agreements guaranteeing funds and, therefore, no one is obligated to provide funds to us in the future. &nbsp;These factors raise doubt as to our ability to continue as a going concern. &nbsp;Our plan is to combine with an operating company to generate revenue. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">During the next 12 months we anticipate incurring costs related to the filing of Exchange Act reports, and we may incur costs related to investigating, analyzing and consummating an acquisition. &nbsp;We believe we will be able to meet these costs through funds provided by management and significant stockholders. &nbsp;We may also rely on the issuance of our common stock in lieu of cash to convert debt or pay for expenses. &nbsp;&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. &nbsp;In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. &nbsp;In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">We anticipate that the selection of a business opportunity will be complex and extremely risky. &nbsp;Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which </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 style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; font-size:11pt; page-break-before:always">we will have and/or the perceived benefits of becoming a publicly traded corporation. &nbsp;Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. &nbsp;Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Management anticipates that 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 be able to acquire an interest in an operating company. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">If we obtain a business opportunity, then it may be necessary to raise additional capital. &nbsp;We likely will sell our common stock to raise this additional capital. &nbsp;We anticipate that we would issue such stock pursuant to exemptions to the registration requirements 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 to the registration requirements of the Securities Act of 1933. &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 stockholders may experience dilution in the value per share of their common stock. </P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<P style="margin:0px; font-size:11pt"><B><I>Off-Balance Sheet Arrangements</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B>ITEM 3. &nbsp;QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B>ITEM 4T. &nbsp;CONTROLS AND PROCEDURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><I>Disclosure Controls and Procedures</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">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="margin:0px; font-size:11pt"><B><I>Management&#146;s Report on Internal Control over Financial Reporting</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">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 first quarter of our 2010 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>
<BR></P>
<P style="margin:0px" align=center>8</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px">
<P style="margin:0px; font-size:11pt; page-break-before:always" align=center><B>PART II &#150; OTHER INFORMATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B>ITEM 6. &nbsp;EXHIBITS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><I>Part I Exhibits</I></B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><U>No.</U></P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt"><U>Description</U></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">31.1</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">Principal Executive Officer Certification</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">31.2</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">Principal Financial Officer Certification</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">32.1</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">Section 1350 Certification</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-size:11pt"><B><I>Part II Exhibits</I></B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><U>No.</U></P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt"><U>Description</U></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">3(i)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">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; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">3(i)(a)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">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; margin-bottom:-2px; width:48px; font-size:11pt; clear:left; float:left">3(ii)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of Form 10-SB, filed October 2, 2000)</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">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 style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=372 /><TD width=252 /></TR>
<TR><TD style="margin-top:0px" valign=top width=372><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt">GLOBALWISE INVESTMENTS, INC. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">By: &nbsp;&nbsp;&nbsp;<I><U>/s/ Donald R. Mayer</U></I></P>
<P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Donald R. Mayer</P>
<P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Director</P>
<P style="margin-top:0px; margin-bottom:3.467px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer </P>
</TD><TD style="margin-top:0px" valign=top width=252><P style="margin-top:7.333px; 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; margin-bottom:3.467px; font-size:11pt">Date: May13, 2010</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>9</P>
<P style="margin:0px"><BR></P>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>f10march10qex311.htm
<DESCRIPTION>PRINCIPAL EXECUTIVE OFFICER CERTIFICATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="CSPC client">
<META NAME="date" CONTENT="05/13/2010">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><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:-2px; width:48px; float:left">1.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">I have reviewed this quarterly report on Form 10-Q of Globalwise Investments, Inc.;</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">2.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">3.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">4.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><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:-2px; width:48px; float:left">5.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><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="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=246 /><TD width=378 /></TR>
<TR><TD style="margin-top:0px" 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: May 13, 2010</P>
</TD><TD style="margin-top:0px" 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">&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>f10march10qex312.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="05/13/2010">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><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:-2px; width:48px; float:left">1.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">I have reviewed this quarterly report on Form 10-Q of Globalwise Investments, Inc.;</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">2.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">3.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">4.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><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:-2px; width:48px; float:left">5.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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; clear:left"><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>
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<P style="margin-top:0px; margin-bottom:3.2px">Date: May 13, 2010</P>
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<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>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>f10march10qex32.htm
<DESCRIPTION>SECTION 1350 CERTIFICATION
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<TITLE>Exhibit 32</TITLE>
<META NAME="author" CONTENT="Terri Jackson">
<META NAME="date" CONTENT="05/13/2010">
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<DIV style="width:624px"><P style="margin:0px">Exhibit 32.1</P>
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<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>
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<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">a.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">the quarterly report on Form 10-Q of Globalwise Investments, Inc. for the quarter ended March 31, 2010 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">b.</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">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>
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<P style="margin-top:0px; margin-bottom:3.2px">Date: May 13, 2010</P>
</TD><TD style="margin-top:0px" 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>
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