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<SEC-DOCUMENT>0001078782-05-000547.txt : 20051109
<SEC-HEADER>0001078782-05-000547.hdr.sgml : 20051109
<ACCEPTANCE-DATETIME>20051108205233
ACCESSION NUMBER:		0001078782-05-000547
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20050930
FILED AS OF DATE:		20051109
DATE AS OF CHANGE:		20051108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRAMEWAVES INC
		CENTRAL INDEX KEY:			0000788611
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS REPAIR SERVICES [7600]
		IRS NUMBER:				820404220
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-02783-S
		FILM NUMBER:		051187670

	BUSINESS ADDRESS:	
		STREET 1:		1981 EAST 4800 SOUTH SUITE 100
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84117

	MAIL ADDRESS:	
		STREET 1:		1981 EAST 4800 SOUTH SUITE 100
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MESSIDOR LTD
		DATE OF NAME CHANGE:	20010122
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>framewaves905qsb.htm
<DESCRIPTION>SEPTEMBER 30, 2005 10-QSB
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>FRAMEWAVES, INC</TITLE>
<META NAME="author" CONTENT="Cletha A. Walstrand">
<META NAME="date" CONTENT="11/03/2005">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><FONT FACE="Times New Roman" COLOR=#000000>U.S. Securities and Exchange Commission</FONT></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>Washington, D.C. &nbsp;20549</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>Form 10-QSB</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">(Mark &nbsp;One)</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">[ &nbsp;X] &nbsp;QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF &nbsp;1934 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt">For &nbsp;the &nbsp;quarterly &nbsp;period &nbsp;ended &nbsp;September 30, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">[ &nbsp;] &nbsp;TRANSITION &nbsp;REPORT &nbsp;UNDER &nbsp;SECTION &nbsp;13 &nbsp;OR &nbsp;15(d) &nbsp;OF &nbsp;THE &nbsp;EXCHANGE &nbsp;ACT &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt">For &nbsp;the &nbsp;transition &nbsp;period &nbsp;from &nbsp;_____________ &nbsp;to &nbsp;______________</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>Commission file number: <B>33-2783-S</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B><U>FRAMEWAVES, INC.</U></B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(Exact name of small business issuer as specified in its charter)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B><U>NEVADA</U></B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>87-699977</U></B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(State &nbsp;or other jurisdiction of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer Identification &nbsp;No.)</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation &nbsp;or &nbsp;organization)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B><U>1981 EAST 4800 SOUTH, SUITE 100, SALT LAKE CITY, UTAH, 84117</U></B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(Address of principal executive offices)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B><U>(801) 272-9294</U></B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(Issuer's telephone number)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>Not Applicable</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(Former name, former address and former fiscal year, if changed since last report)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-8.85pt; font-size:11pt">Check &nbsp;whether &nbsp;the issuer (1) filed all reports required to be filed by Section 13 &nbsp;or &nbsp;15(d) of the Exchange Act during the past 12 months (or for such shorter period &nbsp;that the registrant was required to file such reports), and (2) has been subject &nbsp;to &nbsp;such &nbsp;filing requirements for the past 90 days. &nbsp;Yes &nbsp;[ X] &nbsp;No [ &nbsp;]</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Check whether &nbsp;the &nbsp;registrant &nbsp;filed &nbsp;all documents and reports required to be filed &nbsp;by &nbsp;Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities &nbsp;under &nbsp;plan &nbsp;confirmed &nbsp;by &nbsp;a &nbsp;court. &nbsp;Yes &nbsp;____ &nbsp;No___</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>APPLICABLE ONLY TO CORPORATE ISSUERS</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">The &nbsp;aggregate number of shares issued and outstanding of the issuer's common stock &nbsp;as &nbsp;of &nbsp;September 30, 2005 was 1,258,994 shares of $0.001par value.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Transitional Small Business Disclosure Format &nbsp;(Check &nbsp;one): &nbsp;Yes &nbsp;[ &nbsp;] &nbsp;No &nbsp;[X]</P>
<P style="line-height:13pt; margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center><FONT FACE="Courier New">1</FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always" align=center><FONT FACE="Times New Roman">FORM 10-QSB</FONT></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>FRAMEWAVES, INC.</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>INDEX</P>
<P style="margin:0pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=57></TD><TD width=321.75></TD><TD width=54.75></TD></TR>
<TR><TD valign=top width=76><P style="margin:0pt; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=429><P style="margin:0pt; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=73><P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>Page</P>
</TD></TR>
<TR><TD valign=top width=76><P style="line-height:13pt; margin:0pt; font-size:11pt">PART I.</P>
</TD><TD valign=top width=429><P style="line-height:13pt; margin:0pt; font-size:11pt">Financial Information</P>
</TD><TD valign=top width=73>&nbsp;</TD></TR>
<TR><TD valign=top width=76><P style="margin:0pt; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=429><P style="line-height:13pt; margin:0pt; font-size:11pt">Item 1. &nbsp;Unaudited Financial Statements</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Consolidated Balance Sheets &#150; Sept. 30, 2005 and December 31, 2004</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Consolidated Statements of Operations for the Three and Nine Months &nbsp;Ended Sept. 30, 2005 and 2004, and for the period December 31, 1993 (Quasi-Reorganization) Through Sept. 30, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Consolidated Statements of Stockholders&#146; Equity for the Period December 31, 1993 (Quasi-Reorganization) Through Sept. 30, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Consolidated Statements of Cash Flows for the Nine Months Ended Sept. 30, 2005 and 2004, and for the period December 31, 1993 (Quasi-Reorganization) Through Sept. 30, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Notes to Consolidated Financial Statements</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Item 2. &nbsp;Management&#146;s Discussion and Analysis of Financial Condition or Plan of Operation</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Item 3. &nbsp;Controls and Procedures</P>
</TD><TD valign=top width=73><P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>3</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>3</P>
<P style="margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>4</P>
<P style="margin:0pt" align=right><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>5-6</P>
<P style="margin:0pt" align=right><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>7</P>
<P style="margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>8-10</P>
<P style="margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>11</P>
<P style="margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>14</P>
</TD></TR>
<TR><TD valign=top width=76><P style="line-height:13pt; margin:0pt; font-size:11pt">PART II.</P>
</TD><TD valign=top width=429><P style="line-height:13pt; margin:0pt; font-size:11pt">Other Information</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Item 6. &nbsp;Exhibits and Reports on Form 8-K</P>
</TD><TD valign=top width=73><P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>14</P>
</TD></TR>
<TR><TD valign=top width=76>&nbsp;</TD><TD valign=top width=429><P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Signatures</P>
</TD><TD valign=top width=73><P style="line-height:13pt; margin:0pt" align=right><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=right>15</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(Inapplicable items have been omitted)</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center><FONT FACE="Courier New">2</FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt; page-break-before:always" align=center>FRAMEWAVES, INC. AND SUBSIDIARY</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=center>CONSOLIDATED BALANCE SHEETS</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=center>SEPTEMBER 30, 2005 AND DECEMBER 31, 2004</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-27pt; font-family:Courier New; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September 30, &nbsp;&nbsp;&nbsp;December 31, </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; font-family:Courier New; font-size:11pt" align=justify><U>Assets</U></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-18pt; text-indent:216pt; font-family:Courier New; font-size:11pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-18pt; text-indent:252pt; font-family:Courier New; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;<U>2005</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2004</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=justify>Current Assets:</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:14.4pt; font-family:Courier New; font-size:11pt" align=justify>Cash</P>
<P style="line-height:13pt; margin:0pt; text-indent:72pt; font-family:Courier New; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;915</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 4,010</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt" align=justify>Total current assets &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;915</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;4,010</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt" align=justify>Total Assets &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;915</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 4,010</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=justify><U>Liabilities and Stockholders' Equity</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=justify>Current Liabilities: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-left:14.4pt; font-family:Courier New; font-size:11pt" align=justify>Accounts payable &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 6,041</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 4,091</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt" align=justify>Total current liabilities &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;6,041</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;4,091</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt" align=justify>Stockholders' Equity:</P>
<P style="line-height:13pt; margin:0pt; text-indent:14.4pt; font-family:Courier New; font-size:11pt">Common stock, $.001 par value</P>
<P style="line-height:13pt; margin:0pt; text-indent:28.8pt; font-family:Courier New; font-size:11pt">100,000,000 shares </P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;authorized, 1,258,994</P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;issued and outstanding &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,259 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,259</P>
<P style="line-height:13pt; margin:0pt; text-indent:14.4pt; font-family:Courier New; font-size:11pt">Additional paid-in capital &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,847 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,847</P>
<P style="line-height:13pt; margin:0pt; text-indent:14.4pt; font-family:Courier New; font-size:11pt">Deficit accumulated during the</P>
<P style="line-height:13pt; margin:0pt; text-indent:28.8pt; font-family:Courier New; font-size:11pt">development stage &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>(45,232</U>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>(40,187</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt">Total Stockholders' Equity &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;(5,126</U>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;(81</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt">Total Liabilities and </P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Stockholders' Equity &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;915</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 4,010</U></P>
<P style="line-height:13pt; margin:0pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; padding-left:-1.05pt; font-family:Courier New; font-size:11pt" align=center>The accompanying notes are an integral part of the financial statements.</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>3</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt; page-break-before:always" align=center>FRAMEWAVES, INC. AND SUBSIDIARY</P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt" align=center>(A Development Stage Company)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>CONSOLIDATED STATEMENTS OF OPERATIONS</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>AND THE PERIOD DECEMBER 31, 1993 (Quasi-Reorganization)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>THROUGH SEPTEMBER 30, 2005</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:576pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For The Period</P>
<P style="line-height:14pt; margin:0pt; text-indent:576pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 31,</P>
<P style="line-height:14pt; margin:0pt; text-indent:576pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1993</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For The &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For The &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For The &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For The &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Quasi-</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three Months &nbsp;&nbsp;Three Months &nbsp;&nbsp;&nbsp;Nine Months &nbsp;&nbsp;&nbsp;&nbsp;Nine Months &nbsp;&nbsp;&nbsp;&nbsp;Reorganization)</P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Through</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September 30, &nbsp;September 30, &nbsp;&nbsp;September 30, &nbsp;&nbsp;September 30, &nbsp;&nbsp;&nbsp;&nbsp;September 30, </P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2004</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2004</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:224.25pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:504pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:576pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">Revenues</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt">$ &nbsp;&nbsp;&nbsp;-- </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:216pt; font-family:Courier New; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt">$ &nbsp;&nbsp;&nbsp;-- &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;--</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:432pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;--</P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt">$ &nbsp;1,267</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Expenses, general</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">and administrative</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;1,486</U> &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;1,312</U> &nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;<U>&nbsp;&nbsp;5,045</U> &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;5,524</U></P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;46,499</U></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">Operating Loss</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt">&nbsp;(1,486) </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt">&nbsp;(1,312) &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;(5,045)</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;(5,524)</P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt">&nbsp;(45,232)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">Other Income </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> </P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">(Expense)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">Net Loss</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt"><U>$(1,486</U>) &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt"><U>$(1,312</U>) </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;<U>$(5,045</U>)</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;<U>$(5,524</U>)</P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt"><U>$(45,232</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-family:Courier New; font-size:12pt">Net Loss per Share</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:144pt; font-family:Courier New; font-size:12pt"><U>$ &nbsp;&nbsp;&nbsp;--</U> &nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; font-family:Courier New; font-size:12pt"><U>$ &nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:360pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U> </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:468pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U></P>
<P style="line-height:14pt; margin:0pt; text-indent:612pt; font-family:Courier New; font-size:12pt"><U>$ &nbsp;&nbsp;(.08</U>)<U> </U></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;</P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>The accompanying notes are an integral part of the financial statements.</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>4</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt; page-break-before:always" align=center>FRAMEWAVES, INC. AND SUBSIDIARY</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>A Development Stage Company)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>FOR THE PERIOD DECEMBER 31, 1993 (Quasi - Reorganization) THROUGH SEPTEMBER 30, 2005 </P>
<P style="line-height:14pt; margin:0pt; text-indent:416.45pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deficit Accumulated</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:217.05pt; font-family:Courier New; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:406.4pt; font-family:Courier New; font-size:12pt">Additional</P>
<P style="line-height:14pt; margin:0pt; text-indent:523.05pt; font-family:Courier New; font-size:12pt">During the </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:523.05pt; text-indent:-306pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;Common Stock &nbsp;&nbsp;&nbsp;</U></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:523.05pt; text-indent:-116.65pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;Paid-in</P>
<P style="line-height:14pt; margin:0pt; padding-left:523.05pt; font-family:Courier New; font-size:12pt">Development</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:217.05pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;Shares &nbsp;</U>&nbsp;&nbsp;<U>&nbsp;Amount </U>&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; text-indent:406.4pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;Capital </U></P>
<P style="line-height:14pt; margin:0pt; text-indent:523.05pt; font-family:Courier New; font-size:12pt"><U>&nbsp;&nbsp;&nbsp;Stage &nbsp;&nbsp;</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:535.1pt; text-indent:-535.1pt; font-family:Courier New; font-size:12pt">Balance, December 31, 1993</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:535.1pt; text-indent:-318.05pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;65,600 &nbsp;$ &nbsp;&nbsp;&nbsp;66</P>
<P style="line-height:14pt; margin:0pt; padding-left:535.1pt; text-indent:-131.05pt; font-family:Courier New; font-size:12pt">&nbsp;$ &nbsp;&nbsp;&nbsp;(66) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Net loss accumulated for</P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt">the period December 31, 1993 </P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt">(quasi-reorganization)</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:-2.55pt; font-family:Courier New; font-size:12pt">through December 31, 2002</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:199.05pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</P>
<P style="line-height:14pt; margin:0pt; padding-left:18pt; text-indent:386.05pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,728)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Common stock issued for cash</P>
<P style="line-height:14pt; margin:0pt; padding-left:217.05pt; text-indent:-201.6pt; font-family:Courier New; font-size:12pt">and services at $.10/ share</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:217.05pt; padding-right:39.6pt; text-indent:-201.6pt; font-family:Courier New; font-size:12pt">on November 3, 2000 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,000 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100</P>
<P style="line-height:normal; margin:0pt; padding-left:217.05pt; padding-right:39.6pt; text-indent:187pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;9,900 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- </P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Contribution by shareholder </P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;for Company expenses paid</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;directly by shareholder &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,282 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Common stock issued in </P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;acquisition of subsidiary, </P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;Corners, Inc. on </P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;December 27, 2000 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000 &nbsp;&nbsp;&nbsp;1,000 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</P>
<P style="margin:0pt; font-family:Courier New">&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Common stock issued due to </P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;rounding up shareholders with </P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;less than 100 shares after</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;100 for 1 reverse stock split</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;effective December 27, 2000 &nbsp;<U>&nbsp;&nbsp;&nbsp;43,394</U> &nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43</U>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Balance, December 31, 2002 &nbsp;&nbsp;&nbsp;&nbsp;<U>1,208,994</U> &nbsp;<U>$ 1,209</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 26,983</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$(27,728</U>)</P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt">&nbsp;The accompanying notes are an integral part of the financial statements.</P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>5</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt; page-break-before:always" align=center>FRAMEWAVES, INC. AND SUBSIDIARY</P>
<P style="line-height:14pt; margin:0pt; text-indent:15.45pt; font-family:Courier New; font-size:12pt" align=center>(A Development Stage Company)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - CONTINUED</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>FOR THE PERIOD DECEMBER 31, 1993 (Quasi - Reorganization) THROUGH SEPTEMBER 30, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deficit Accumulated</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;Common Stock &nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Development</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;Shares &nbsp;</U>&nbsp;&nbsp;<U>&nbsp;Amount </U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;Capital </U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stage</U> &nbsp;&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Balance, December 31, 2002 &nbsp;&nbsp;&nbsp;&nbsp;1,208,994 &nbsp;&nbsp;$ 1,209 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 26,983 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(27,728)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Contribution by shareholder </P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;for Company expenses paid</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; text-indent:16.2pt; font-family:Courier New; font-size:12pt">directly by shareholder &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,914 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- </P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Net loss for the year ended</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;December 31, 2003 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;(5,955</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Balance, December 31, 2003 &nbsp;&nbsp;&nbsp;&nbsp;1,208,994 &nbsp;&nbsp;&nbsp;&nbsp;1,209 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,897 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33,683)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt">Common stock issued for cash</P>
<P style="line-height:14pt; margin:0pt; padding-left:217.05pt; text-indent:-201.6pt; font-family:Courier New; font-size:12pt">at $.14/ share on </P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:217.05pt; text-indent:-201.6pt; font-family:Courier New; font-size:12pt">December 1, 2004 </P>
<P style="line-height:14pt; margin:0pt; padding-left:217.05pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;50,000 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,950 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- </P>
<P style="line-height:14pt; margin:0pt; padding-left:217.05pt; text-indent:-201.6pt; font-family:Courier New; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Net loss for the year</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;ended December 31, 2004 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;(6,504</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Balance, December 31, 2004 &nbsp;&nbsp;&nbsp;&nbsp;1,258,994 &nbsp;&nbsp;&nbsp;&nbsp;1,259 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,847 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40,187)</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Net loss for the nine months</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;ended September 30, 2005 &nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;(5,045</U>)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">Balance, September 30, 2005 &nbsp;&nbsp;&nbsp;<U>1,258,994</U> &nbsp;&nbsp;<U>$ 1,259</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 38,847</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$(45,232</U>)</P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:-0.75pt; font-family:Courier New; font-size:12pt" align=center>The accompanying notes are an integral part of the financial statements.</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>6</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt; page-break-before:always" align=center>FRAMEWAVES, INC. AND SUBSIDIARY</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>(A Development Stage Company)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>CONSOLIDATED STATEMENTS OF CASH FLOWS</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>AND THE PERIOD DECEMBER 31, 1993 (Quasi-Reorganization)</P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>THROUGH SEPTEMBER 30, 2005</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-right:-9.35pt; font-family:Courier New; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:72pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the period</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:371.25pt; padding-right:-9.35pt; text-indent:-371.25pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-left:371.25pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">December 31,1993</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:153.65pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;For the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Quasi-</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; text-indent:153.65pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Nine Months &nbsp;&nbsp;&nbsp;Nine Months</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:371.25pt; font-family:Courier New; font-size:11pt">&nbsp;Reorganization)</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ended &nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:371.25pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Through</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:153.65pt; font-family:Courier New; font-size:11pt">&nbsp;September 30, &nbsp;September 30, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September 30,</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; text-indent:153.65pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U> &nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:371.25pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2005</U></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Cash flows from</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;operating activities:</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Net loss &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ (5,045) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(5,524) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt">$(45,232)</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:16.2pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Adjustments to </P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;reconcile net income</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;to cash provided by</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;operating activities: &nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Contribution from &nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;shareholder &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt">&nbsp;22,196 &nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Common stock issued</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;for services &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;5,000</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;Increase in </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;accounts payable &nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;1,950</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;4,913</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt"><U>&nbsp;&nbsp;6,041</U></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Net cash used </P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;by operating </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;activities: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;(3,095</U>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;(611</U>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt"><U>(11,995</U>) </P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Cash flows from </P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;investing activities:</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Cash received in</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acquisition of</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subsidiary &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;<U>&nbsp;&nbsp;910</U></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Cash flows from </P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt" align=justify>&nbsp;&nbsp;financing activities:</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;Issuance of </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;common stock &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt"><U>&nbsp;12,000</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Net increase</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;(decrease) in cash</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:178.6pt; font-family:Courier New; font-size:11pt">&nbsp;(3,095) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(611) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Cash, beginning </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">&nbsp;&nbsp;of period &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;4,010</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;2,040</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; text-indent:392.3pt; font-family:Courier New; font-size:11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-left:469.8pt; padding-right:-9.35pt; text-indent:-469.8pt; font-family:Courier New; font-size:11pt">Cash, end of period &nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;915</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ 1,429</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;915</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Interest paid &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt">Income taxes paid &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$ &nbsp;&nbsp;&nbsp;--</U></P>
<P style="line-height:13pt; margin:0pt; padding-right:-9.35pt; font-family:Courier New; font-size:11pt" align=center>The accompanying notes are an integral part of the financial statements.</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center>7</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always" align=center><FONT FACE="Times New Roman">FRAMEWAVES, INC. AND SUBSIDIARY</FONT></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>(A Development Stage Company)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>1.</P>
<P style="line-height:13pt; margin:0pt; text-indent:37.8pt; font-size:11pt" align=justify><U>Summary of Business and Significant Accounting Policies</U></P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:37.8pt; font-size:11pt" align=justify>a.</P>
<P style="line-height:13pt; margin:0pt; text-indent:73.8pt; font-size:11pt" align=justify><U>Summary of Business</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:73.8pt; font-size:11pt" align=justify>The Company was incorporated under the laws of the State of Nevada on December 23, 1985. &nbsp;The Company was formed to pursue business opportunities. &nbsp;The Company was unsuccessful in its operations. &nbsp;During 1993, Management determined it was in the best interest of the Company to discontinue its previous operations. &nbsp;The Company is considered to have re-entered into a new development stage on December 31, 1993. &nbsp;Because the Company discontinued its previous operations and is selling new potential business opportunities, the Company adopted quasi-reorganization accounting procedures to provide the Company a Afresh start@ for accounting purposes.</P>
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<P style="line-height:13pt; margin:0pt; text-indent:37.8pt; font-size:11pt" align=justify>b. &nbsp;&nbsp;<U>Principles of Consolidation</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:73.8pt; font-size:11pt" align=justify>The consolidated financial statements contain the accounts of the Company and its wholly-owned subsidiary, Corners, Inc. &nbsp;All significant intercompany balances and transactions have been eliminated.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:37.8pt; font-size:11pt" align=justify>c.</P>
<P style="line-height:13pt; margin:0pt; text-indent:73.8pt; font-size:11pt" align=justify><U>Cash Flows</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:73.8pt; font-size:11pt" align=justify>For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:37.8pt; font-size:11pt" align=justify>d.</P>
<P style="line-height:13pt; margin:0pt; text-indent:73.8pt; font-size:11pt" align=justify><U>Net Loss Per Share</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:73.8pt; font-size:11pt" align=justify>The net loss per share calculation is based on the weighted average number of shares outstanding during the period.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:37.8pt; font-size:11pt" align=justify>e.</P>
<P style="line-height:13pt; margin:0pt; text-indent:73.8pt; font-size:11pt" align=justify><U>Use of Estimates</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:73.8pt; font-size:11pt" align=justify>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. &nbsp;Accordingly, actual results could differ from those estimates.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; font-size:11pt" align=justify>f.</P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; text-indent:36pt; font-size:11pt" align=justify><U>Revenue Recognition</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:72pt; font-size:11pt" align=justify>Revenue is recognized on the accrual basis of accounting when earned. The Company's primary business generated revenue from picture framing. The Company has not had any revenue since 2001.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always" align=justify><FONT FACE="Times New Roman"><U>Notes to Financial Statements - Continued</U></FONT></P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>2. &nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0pt; text-indent:38.6pt; font-size:11pt" align=justify><U>Quasi-Reorganization</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>December 7, 2000, the shareholders of the Company approved to &nbsp;adopt quasi-reorganization accounting procedures. &nbsp;Quasi-reorganization accounting allowed the Company to eliminate its previous accumulated deficit of approximately $235,000 against additional paid-in capital. &nbsp;Therefore, the adoption of quasi-reorganization accounting procedures gave the Company a Afresh start@ for accounting purposes. &nbsp;The Company is also considered as re-entering a new development stage on December 31, 1993, as it discontinued all of its previous operations. &nbsp;These financial statements have been restated to reflect the change. </P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:38.6pt; text-indent:-38.6pt; font-size:11pt" align=justify>3.</P>
<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify><U>Stock Split</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>On December 27, 2000, the Company approved a 100 for 1 reverse split of the issued and outstanding common stock but no shareholder&#146;s ownership shall be less than 100 shares. &nbsp;An additional 43,394 shares were issued as a result of rounding up to the 100 share minimum.</P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>The 100 for 1 reverse split has been retroactively applied in the accompanying financial statements.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:38.6pt; text-indent:-38.6pt; font-size:11pt" align=justify>4.</P>
<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify><U>Amended Articles of Incorporation</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>On December 27, 2000, the Company amended its articles of incorporation to change its name from Messidor Limited to FrameWaves, Inc. &nbsp;In addition, the Company decreased its authorized shares from 500,000,000 to 110,000,000 shares of stock of which 100,000,000 shall be designated common stock and 10,000,000 shall be designated preferred stock. &nbsp;At June 30, 2005, no preferred stock has been issued by the Company. &nbsp;The Company has the authorization to issue the preferred stock in one or more series and to determine the voting rights, preferences as to dividends and liquidation, conversion rights, and other rights of each series.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>5. &nbsp;</P>
<P style="line-height:13pt; margin:0pt; text-indent:38.6pt; font-size:11pt" align=justify>&nbsp;<U>Issuance of Common Stock</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>On November 3, 2000, the Company issued 100,000 shares of its $.001 &nbsp;par &nbsp;value &nbsp;common &nbsp;stock &nbsp;for &nbsp;an &nbsp;aggregate &nbsp;price of $10,000. $5,000 was received in cash and $5,000 for services rendered.</P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>On December 1, 2004, the Company issued 50,000 shares of its common stock for $.14 per share for an aggregate cash price of $7,000.</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>6.</P>
<P style="line-height:13pt; margin:0pt; text-indent:38.6pt; font-size:11pt" align=justify><U>Stock Options and Warrants</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>The Company has designated 2,000,000 shares of its authorized and unissued common stock to a future stock option plan. &nbsp;At September 30, 2005, there are no options or warrants outstanding to acquire the Company&#146;s common stock.</P>
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<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center><FONT FACE="Courier New">9</FONT></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always" align=justify><FONT FACE="Times New Roman"><U>Notes to Financial Statements - Continued</U></FONT></P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:38.6pt; text-indent:-38.6pt; font-size:11pt" align=justify>7.</P>
<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify><U>Acquisition of Subsidiary</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>On December 27, 2000, the Company acquired 100% of the outstanding common shares of Corners, Inc. in exchange for the issuance of 1,000,000 shares of its previously authorized but unissued common stock. &nbsp;Corners, Inc. was purchased at book value of $910 or $.001 per share. &nbsp;The acquisition has been accounted for on the purchase method and 100% of the purchase price was allocated to cash. &nbsp;</P>
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<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>8.</P>
<P style="line-height:13pt; margin:0pt; text-indent:38.6pt; font-size:11pt" align=justify><U>Income Taxes</U></P>
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<P style="line-height:13pt; margin:0pt; padding-left:38.6pt; font-size:11pt" align=justify>The Company has had no taxable income under Federal or State tax laws. The Company has loss carryforwards totaling $40,187 that may be offset against future federal income taxes. If not used, the carryforwards will expire between 2020 and 2024. Due to the Company being in the development stage and incurring net operating losses, a valuation allowance has been provided to reduce the deferred tax assets from the net operating losses to zero. Therefore, there are no tax benefits recognized in the accompanying statement of operations.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always"><FONT FACE="Times New Roman"><B>ITEM &nbsp;2. &nbsp;MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATIONS</B></FONT></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">SAFE &nbsp;HARBOR &nbsp;FOR &nbsp;FORWARD-LOOKING &nbsp;STATEMENTS</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">When &nbsp;used &nbsp;in &nbsp;this &nbsp;report, &nbsp;the &nbsp;words &quot;may,&quot; &quot;will,&quot; &quot;expect,&quot; &quot;anticipate,&quot; &quot;continue,&quot; &nbsp;&quot;estimate,&quot; &nbsp;&quot;project,&quot; &nbsp;&quot;intend,&quot; &nbsp;and &nbsp;similar &nbsp;expressions &nbsp;are intended &nbsp;to &nbsp;identify &nbsp;forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of &nbsp;1934 &nbsp;regarding events, conditions, and financial trends that may affect the Company's &nbsp;future plans of operations, business strategy, operating results, and financial &nbsp;position. &nbsp;Persons &nbsp;reviewing &nbsp;this &nbsp;report &nbsp;are &nbsp;cautioned &nbsp;that any forward-looking &nbsp;statements &nbsp;are &nbsp;not &nbsp;guarantees &nbsp;of future performance and are subject to risks and uncertainties and that actual results may differ materially
 from those included within the forward-looking statements as a result of various factors. &nbsp;Such factors are discussed under the &quot;Item 2. &nbsp;Management's Discussion and &nbsp;Analysis &nbsp;of &nbsp;Financial &nbsp;Condition or Plan of Operations,&quot; and also include general &nbsp;economic &nbsp;factors and conditions that may directly or indirectly impact the &nbsp;Company's &nbsp;financial &nbsp;condition &nbsp;or &nbsp;results &nbsp;of &nbsp;operations.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Our History</B></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">FrameWaves, Inc. (the &#147;Company&#148; or &#147;FrameWaves&#148;) was originally incorporated under the name of Messidor Limited on December 23, 1985 as a development stage company for the purpose of engaging in all lawful transactions permitted under the State of Nevada, including the acquisition of various business opportunities to provide profit and maximize shareholder value.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">On December 27, 2000, the shareholders, at a special meeting, changed the Company&#146;s name from Messidor Limited to FrameWaves, Inc. &nbsp;The shareholders also approved the acquisition of Corners, Inc. (&#147;Corners&#148;), a Nevada corporation, whereby the Company exchanged 1,000,000 shares of the Company&#146;s common stock for all of Corner&#146;s issued and outstanding shares of common stock. &nbsp;Corners had incorporated on November 17, 1998 in the State of Nevada to provide custom framing for interior designers in conjunction with business contacts provided by Corners&#146; officers and directors. &nbsp;Since its inception, Corners has had limited operations. </P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Our Business</B></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">FrameWaves originally intended to use Corners as an operating subsidiary and to actively pursue the custom framing business by utilizing Corners&#146; business contacts to procure contracts for future operations, and to engage in a comprehensive and aggressive marketing campaign, including but not limited to, soliciting unknown but potential business contacts through direct mailings, media, and other mediums that might generate leads to contracts for future operations. &nbsp;</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">As of the date of this report, Framewaves has been unsuccessful in implementing its business plan and has no ongoing operations. &nbsp;Due to other obligations the Company&#146;s officers and directors have been unable to devote adequate time to developing the business and have yet to engage in any contract negotiations with frame suppliers, interior designers or retail consumers. Framewaves has had only limited operations since inception and has not generated any revenues since the fourth quarter of 2001. </P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">Management intends to continue pursuing their original plan of operation. &nbsp;However, there is no assurance that the Company will ever successfully pursue or implement such a business plan. For these reasons, management believes that while it will continue to attempt to implement their framing industry business plan it is in the best interest of the Company and its shareholders to simultaneously seek, investigate, and if warranted, acquire an interest in a different business opportunity. &nbsp;We are not restricting our search to any particular industry or geographical area. &nbsp;We may therefore engage in essentially any business in any industry. &nbsp;Our management has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions and other factors.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always"><FONT FACE="Times New Roman">The selection of a business opportunity in which to participate is complex and extremely risky and will be made by management in the exercise of its business judgment. &nbsp;There is no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to our company and shareholders.</FONT></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">Because we have no specific business plan or expertise, our activities are subject to several significant risks. &nbsp;In particular, any business acquisition or participation we pursue will likely be based on the decision of management without the consent, vote, or approval of our shareholders.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Sources of Opportunities</B></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">We anticipate that business opportunities may arise from various sources, including officers and directors, professional advisers, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">We will seek potential business opportunities from all known sources, but will rely principally on the personal contacts of our officers and directors as well as indirect associations between them and other business and professional people. &nbsp;Although we do not anticipate engaging professional firms specializing in business acquisitions or reorganizations, we may retain such firms if management deems it in our best interests. &nbsp;In some instances, we may publish notices or advertisements seeking a potential business opportunity in financial or trade publications.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Criteria</B></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">We will not restrict our search to any particular business, industry or geographical location. &nbsp;We may acquire a business opportunity in any stage of development. &nbsp;This includes opportunities involving &#147;start up&#148; or new companies. &nbsp;In seeking a business venture, management will base their decisions on the business objective of seeking long-term capital appreciation in the real value of our company. &nbsp;We will not be controlled by an attempt to take advantage of an anticipated or perceived appeal of a specific industry, management group, or product.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">In analyzing prospective business opportunities, management will consider the following factors:</P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">available technical, financial and managerial resources;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">working capital and other financial requirements;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the history of operations, if any;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">prospects for the future;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the nature of present and expected competition;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the quality and experience of management services which may be available and the depth of the management;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the potential for further research, development or exploration;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the potential for growth and expansion;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the potential for profit;</FONT></P>
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<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">the perceived public recognition or acceptance of products, services, trade or service marks, name identification; and other relevant factors.</FONT></P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt">Generally, our management will analyze all available factors and make a determination based upon a composite of available facts, without relying on any single factor.</P>
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<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always"><FONT FACE="Times New Roman"><B>Methods of Participation of Acquisition</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Management will review specific business opportunities and then select the most suitable opportunities based on legal structure or method of participation. &nbsp;Such structures and methods may include, but are not limited to, leases, purchase and sale agreements, licenses, joint ventures, other contractual arrangements, and may involve a reorganization, merger or consolidation transaction. &nbsp;Management may act directly or indirectly through an interest in a partnership, corporation, or other form of organization.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Procedures</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">As part of the our investigation of business opportunities, officers and directors may meet personally with management and key personnel of the firm sponsoring the business opportunity. &nbsp;We may visit and inspect material facilities, obtain independent analysis or verification of certain information provided, check references of management and key personnel, and conduct other reasonable measures.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">We will generally ask to be provided with written materials regarding the business opportunity. &nbsp;These materials may include the following:</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">descriptions of product, service and company history; management resumes;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">financial information;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">available projections with related assumptions upon which they are based;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">an explanation of proprietary products and services;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">evidence of existing patents, trademarks or service marks or rights thereto;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">present and proposed forms of compensation to management;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">a description of transactions between the prospective entity and its affiliates;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">relevant analysis of risks and competitive conditions;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">a financial plan of operation and estimated capital requirements;</FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-18pt; font-family:Wingdings; font-size:11pt"><FONT FACE="Wingdings">&#167;</FONT></P>
<P style="line-height:13pt; margin:0pt; padding-left:36pt; font-size:11pt"><FONT FACE="Times New Roman">and other information deemed relevant.</FONT></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Competition</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">We expect to encounter substantial competition in our efforts to acquire a business opportunity. &nbsp;The primary competition is from other companies organized and funded for similar purposes, small venture capital partnerships and corporations, small business investment companies and wealthy individuals.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Employees</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:5.5pt; font-size:11pt">The Company currently has no employees. &nbsp;Executive officers will devote only such time to the affairs of the Company as they deem appropriate, which is estimated to be approximately 20 hours per month per person. &nbsp;The need for employees will be addressed at such time operations prove successful.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Results of Operations for the Three-Month Periods Ended Sept. 30, 2005 and 2004</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">The Company generated no revenue during the three-month periods ended Sept. 30, 2005 and 2004.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">General and administrative expenses for the three months ended Sept. 30, 2005 were $1,486 compared to general and administrative expenses of $1,312 during the three-month period ended Sept. 30, 2004. Expenses consisted of general corporate administration, legal and professional fees, and accounting and auditing costs. &nbsp;As a result of these factors, the Company realized a net loss of $1,486 for the three-month period ended Sept. 30, 2005 and a net loss of $1,312 for the comparable period in 2004.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center><FONT FACE="Courier New">13</FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt; page-break-before:always"><FONT FACE="Times New Roman"><B>Results of Operations for the Nine-Month Periods Ended Sept. 30, 2005 and 2004</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">General and administrative expenses for the nine months ended Sept. 30, 2005 were $5,045 compared to general and administrative expenses of $5,524 during the nine-month period ended Sept. 30,, 2004. Expenses consisted of general corporate administration, legal and professional fees, and accounting and auditing costs. &nbsp;As a result of these factors, the Company realized a net loss of $5,045 for the nine-month period ended Sept. 30, 2005 and a net loss of $5,524 for the comparable period in 2004.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Cumulative net loss from quasi-reorganization on December 31, 1993 through Sept. 30, 2005 was $45,323.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>Liquidity and Capital Resources</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">The Company generated no revenue during the nine-month periods ended Sept. 30, 2005 and 2004. At Sept. 30, 2005, the Company&#146;s total assets consisted of $915 in cash. &nbsp;Total current liabilities at Sept. 30, 2005 consisted of $6,041 in accounts payable. &nbsp;At December 31, 2004, the Company had total assets consisting of $4,010 in cash and total liabilities consisting of $4,091 in accounts payable.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">The Company has no material commitments for the next twelve months. Currently the Company has a capital deficit and its current liquidity needs cannot be met with the cash on hand. In the past, the Company has relied on capital contributions from shareholders to supplement operating capital when necessary. &nbsp;The Company may sell common stock, take loans from officers, directors or shareholders or enter into debt financing agreements to meet its liquidity needs for the next twelve months. &nbsp;However, there are no agreements or understandings to this effect. &nbsp;&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>ITEM 3. Controls and Procedures</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">(a)&nbsp;Evaluation of disclosure controls and procedures. Based on the evaluation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934 Rules&nbsp;13a-15(e) and 15d-15(e)) required by Securities Exchange Act Rules&nbsp;13a-15(b) or 15d-15(b), our Chief Executive Officer and our Chief Financial Officer have concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective. </P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">(b)&nbsp;Changes in internal controls. There were no changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>PART II &nbsp;</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>OTHER INFORMATION</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>ITEM 6. &nbsp;Exhibits and Reports on Form 8-K</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>Reports on Form 8-K </P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>None</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>Exhibits </P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-B. </P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Courier New; font-size:12pt" align=center><FONT FACE="Courier New">14</FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt; page-break-before:always" align=justify><FONT FACE="Times New Roman"><B>Exhibit No. </B></FONT></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:72pt; font-size:11pt" align=justify><B>SEC Ref. No.</B></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:144pt; font-size:11pt" align=justify><B>Title of Document</B></P>
<P style="line-height:13pt; margin:0pt; text-indent:439.45pt; font-size:11pt" align=justify><B>Location </B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>1</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:69.75pt; font-size:11pt" align=justify>&nbsp;(31.1)</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>Certification of the Principal Executive Officer</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:143.1pt; font-size:11pt" align=justify>pursuant to Section 302of the Sarbanes-Oxley Act of 2002</P>
<P style="line-height:13pt; margin:0pt; text-indent:439.45pt; font-size:11pt" align=justify>Attached</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>2</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:69.75pt; font-size:11pt" align=justify>&nbsp;(31.2)</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>Certification of the Principal Financial Officer</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:143.1pt; font-size:11pt" align=justify>pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</P>
<P style="line-height:13pt; margin:0pt; text-indent:439.45pt; font-size:11pt" align=justify>Attached</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>3</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:69.75pt; font-size:11pt" align=justify>(32.1)</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>Certification of the Principal Executive Officer</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>pursuant to U.S.C. Section 1350 as adopted pursuant</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:143.1pt; font-size:11pt" align=justify>to Section 906 of the Sarbanes-Oxley Act of 2002*</P>
<P style="line-height:13pt; margin:0pt; text-indent:439.45pt; font-size:11pt" align=justify>Attached</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt" align=justify>4</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:69.75pt; font-size:11pt" align=justify>(32.2)</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>Certification of the Principal Financial Officer</P>
<P style="line-height:13pt; margin:0pt; text-indent:143.1pt; font-size:11pt" align=justify>pursuant to U.S.C. Section 1350 as adopted pursuant </P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; text-indent:143.1pt; font-size:11pt" align=justify>to Section 906 of the Sarbanes-Oxley Act of 2002*</P>
<P style="line-height:13pt; margin:0pt; text-indent:439.45pt; font-size:11pt" align=justify>Attached</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>* </B>The Exhibit attached to this Form 10-QSB shall not be deemed &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of 1934 (the &quot;Exchange Act&quot;) or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt"><B>SIGNATURES</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">In accordance with the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">FRAMEWAVES, INC.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt">Date: November 4, 2005&shy;&shy;&shy;&shy;&shy;&shy;&shy;&shy;&shy;&shy;&shy;</P>
<P style="line-height:13pt; margin:0pt; text-indent:288pt; font-size:11pt"><U>/s/ Thomas A. Thomsen</U></P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Thomas A. Thomsen</P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">President </P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Chief Executive Officer</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; font-size:11pt">Date: November 8, 2005</P>
<P style="line-height:13pt; margin:0pt; text-indent:288pt; font-size:11pt"><U>/s/ Susan Santage &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Susan Santage</P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Chief Financial Officer</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>framewaves905qsbex311.htm
<DESCRIPTION>EX 31.1 SECTION 302 CEO CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Janna Dee George-Rose">
<META NAME="date" CONTENT="11/03/2005">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin:0pt; font-size:11pt"><FONT FACE="Times New Roman" COLOR=#000000><B>Exhibit 31.1</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>Certification Pursuant to pursuant to Rule 13a-14(a) or Rule 15d-14(a) </B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>of the Securities Exchange Act of 1934, as amended</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>I, Thomas A. Thomsen Chief Executive Officer of Framewaves, Inc. (the &quot;Company&quot;), certify that:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>1. I have reviewed this quarterly report on Form 10-QSB of the Company;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>4. As the registrant's certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and I have:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>a)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>b)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>c)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>d)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the &nbsp;registrant's internal control over financial reporting.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>5. As the registrant's certifying officer, I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>a)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>b)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:252pt; font-size:11pt"><U>/s/ Thomas A. Thomsen</U></P>
<P style="line-height:13pt; margin:0pt; text-indent:252pt; font-size:11pt">Thomas A. Thomsen</P>
<P style="line-height:13pt; margin:0pt; text-indent:252pt; font-size:11pt">Chief Executive Officer</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Date: November 4, 2005</P>
<P style="margin:0pt"><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>3
<FILENAME>framewaves905qsbex312.htm
<DESCRIPTION>EX 31.2 SECTION 302 CFO CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Janna Dee George-Rose">
<META NAME="date" CONTENT="11/03/2005">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin:0pt; font-size:11pt"><FONT FACE="Times New Roman" COLOR=#000000><B>Exhibit 31.2</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>Certification Pursuant to pursuant to Rule 13a-14(a) or Rule 15d-14(a) </B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>of the Securities Exchange Act of 1934, as amended</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">I, Susan Santage Chief Financial Officer of Framewaves, Inc. (the &quot;Company&quot;), certify that:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>1. I have reviewed this quarterly report on Form 10-QSB of the Company;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>4. As the registrant's certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and I have:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>a)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>b)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>c)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>d)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the &nbsp;registrant's internal control over financial reporting.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>5. As the registrant's certifying officer, I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>a)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0pt; margin-bottom:-13pt; padding-left:54pt; text-indent:-18pt; font-size:11pt" align=justify>b)</P>
<P style="line-height:13pt; margin:0pt; padding-left:54pt; font-size:11pt" align=justify>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:252pt; font-size:11pt"><U>/s/ Susan Santange</U></P>
<P style="line-height:13pt; margin:0pt; padding-left:216pt; text-indent:36pt; font-size:11pt">Susan Santage</P>
<P style="line-height:13pt; margin:0pt; padding-left:216pt; text-indent:36pt; font-size:11pt">Chief Financial Officer </P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Date: November 8, 2005</P>
<P style="margin:0pt"><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>framewaves905qsbex321.htm
<DESCRIPTION>EX 32.1 SECTION 906 CEO CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 32</TITLE>
<META NAME="author" CONTENT="Janna Dee George-Rose">
<META NAME="date" CONTENT="11/03/2005">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin:0pt; font-size:11pt"><FONT FACE="Times New Roman"><B>Exhibit 32.1</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>CERTIFICATION PURSUANT TO</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>18 U.S.C. SECTION 1350,</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>AS ADOPTED PURSUANT TO</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=justify>In connection with the Quarterly Report of Framewaves, Inc. a Nevada corporation (the &#147;Company&#148;), on Form 10-QSB for the quarterly period ending September 30, 2005 as filed with the Securities and Exchange Commission (the &#147;Report&#148;), I, Thomas A. Thomsen, Chief Executive Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350), that to my knowledge:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt" align=justify>(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt" align=justify>(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:288pt; font-size:11pt"><U>/s/ Thomas A. Thomsen</U></P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Thomas A. Thomsen</P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Chief Executive Officer </P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Date: November 4, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>5
<FILENAME>framewaves905qsbex322.htm
<DESCRIPTION>EX 32.2 SECTION 906 CFO CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 32</TITLE>
<META NAME="author" CONTENT="Janna Dee George-Rose">
<META NAME="date" CONTENT="11/03/2005">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin:0pt; font-size:11pt"><FONT FACE="Times New Roman"><B>Exhibit 32.2</B></FONT></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>CERTIFICATION PURSUANT TO</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>18 U.S.C. SECTION 1350,</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>AS ADOPTED PURSUANT TO</B></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">In connection with the Quarterly Report of Framewaves, Inc. a Nevada corporation (the &#147;Company&#148;), on Form 10-QSB for the quarterly period ending September 30, 2005 as filed with the Securities and Exchange Commission (the &#147;Report&#148;), I, Susan Santage, Chief Financial Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350), that to my knowledge:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt" align=justify>(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:36pt; font-size:11pt" align=justify>(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:13pt; margin:0pt; text-indent:288pt; font-size:11pt"><U>/s/ Susan Santage</U></P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Susan Santage</P>
<P style="line-height:13pt; margin:0pt; padding-left:252pt; text-indent:36pt; font-size:11pt">Chief Financial Officer </P>
<P style="line-height:13pt; margin:0pt; font-size:11pt">Date: November 8, 2005</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
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