For the

                                                                                                                                                                                                                            Period from

                                                                                                                                                                                                                        March 21, 2004

                                                                                                                                                                                             Three                  Date of inception

                                                                                                                                                                                        Months ended                   through

                                                                                                                                                                                 September 30,             September 30

  Revenues

$

0

$

0

  Cost of revenues

 0 

0 

Gross profit (Loss) 

0 

0 

  Operating expenses

  Selling, general and administrative 

52,126

227,882

  Depreciation 

1,229

2,228

  Consulting fees 

716,848

716,848

  Professional fees 

524,784

524,784

1,294,987

1,471,742

Income (Loss) From Operations 

  Other income (expenses)

  Interest expenses 

(5,000

)

(5,000)

  Interest income 

2,519

3,393

(2,481

)

(1,607)

NET INCOME (LOSS)

(1,297,468

)

(1,473,349)

 

  Basic income (loss) per common share

$

(0.12

)

$

(0.14)

  Diluted income (loss) per common share

$

(0.12

)

$

(0.14)

  Basic weighted average common shares outstanding

1,691,491

10,105,257

  Diluted weighted average common shares outstanding

11,090,291

10,504,057