UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q (Mark One)  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended September 30, 2009  [  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from ________________ to _______________  000-24835 (Commission file number)  CEPHAS HOLDING CORP. (Exact name of small business issuer as specified in its charter)  Delaware 38-3399098 (State or other jurisdiction (IRS Employer of incorporation or organization) Identification No.)  244 Fifth Ave. Ste. P203 New York, New York 10001 (Address of principal executive offices)  (734)-274-5845 (Issuer's telephone number)  N/A (Former name, former address and former fiscal year, if changed since last report)  Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [ ]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [   ]   No [X]  State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of September 30, 2009 79,688,521shares of common stock  Transitional Small Business Disclosure Format (check one):  Yes [   ]   No [X]


CEPHAS HOLDING CORP. Index  Page Number  PART I. FINANCIAL INFORMATION 2  Item 1. Financial Statements 2  Consolidated Balance Sheet as of September 30, 2009 (unaudited) and December 31, 2008 3  Consolidated Statements of Operations for the Six  months ended September 30, 2009 and 2008 (unaudited) 4  Consolidated Statements of Cash Flows for the Six months September  30, 2009 and 2008 (unaudited) 5  Notes to Consolidated Interim Financial Statements (unaudited) 6  Item 2. Management's Discussion and Analysis or Plan of Operation 14  Item 3. Controls and Procedures 17  PART II. OTHER INFORMATION 17  Item 1. Legal Proceedings 17  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18  Item 3. Defaults Upon Senior Securities 18  Item 4. Submission of Matters to a Vote of Security Holders 18  Item 5. Other Information 18  Item 6. Exhibits 18  SIGNATURES 18





CEPHAS HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSSEPTEMBERDECEMBER30, 200931, 2008(UNAUDITED)(AUDITED)CURRENT ASSETS:Cash$                 7$                 64TOTAL CURRENT ASSETS764FIXED ASSETS - at costComputer and office equipment52,93052,930Less: Accumulated depreciation(52,930)(52,767)NET FIXED ASSETS-163TOTAL ASSETS$               7$                  64LIABILITIES AND STOCKHOLDERS' DEFICITCURRENT LIABILITIES:Accounts payable$      229,307$        229,307Accrued expenses934,354803,104Accrued interest1,617,0891,366,772Accrued derivative liability250,744250,744License fees payable200,000200,000Advances from an officer74,68874,688Due to related parties97,816102,816Notes payable - other97,50097,500Notes payable565,750565,750Note payable - officer1,227,1401,227,149TOTAL CURRENT LIABILITIES5,294,3974,917,830COMMITMENTS AND CONTINGENCIES--STOCKHOLDERS' DEFICITSeries A Preferred Stock, $0.001 par value, 1,000,000 sharesauthorized; 2,225 shares issued and outstanding2222Series B Convertible Preferred Stock, $0.01 par value; 850,000shares authorized; 850,000 shares issued and outstandingauthorized; 1,000,000 Class A shares issued and outstanding8,5008,500Series C Convertible Preferred Stock, $0.01 par value; 147,775shares authorized; 147,775 shares issued and outstanding1,4781,478Common stock; $0.001 par value; 75,000,000 sharesauthorized; 79,688,521(December 31, 2008-74,613,521) issued and outstanding79,68874,613Additional paid-in capital16,345,22116,341,921Stock subscription receivable(156,300)(156,300)Accumulated deficit(21,572,999)(21,187,837)





TOTAL STOCKHOLDERS' DEFICIT(5,264,828)(4,888,041)TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT$        7$          227    The accompanying notes are an integral part of these financial statements.





CEPHAS HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED INTERIM STATEMENT OF OPERATIONS(UNAUDITED)THREE MONTHS ENDEDNINE MONTHS ENDEDSEPTEMBER 30,SEPTEMBER 30,2009200820092008REVENUE$                -$                -$              -$               -COST OF REVENUE----GROSS PROFIT----EXPENSES:Selling, general and administrative43,75044,184134,845142,651TOTAL EXPENSES43,75044,184134,845142,651LOSS FROM OPERATIONS(43,750)(44,184)(134,845)(142,651)OTHER INCOME (EXPENSE):Interest expense and financing costs(83,439)(83,439)(250,317)(166,878)TOTAL OTHER INCOME (EXPENSE)(83,439)(83,439)(250,317)(166,878)LOSS BEFORE PROVISION FOR INCOME TAXES$    (127,189)$    (127,623)$  (385,162)$    (309,529)PROVISION FOR INCOME TAXES----NET LOSS$    (127,189)$    (127,623)$  (385,162)$    (309,529)BASIC AND DILUTED LOSS PERCOMMON SHARE$        (0.002)$        (0.002)$      (0.005)$        (0.004)WEIGHTED AVERAGE NUMBER OFCOMMON SHARES OUTSTANDING -BASIC AND DILUTED75,067,68873,273,52175,067,68873,273,521     The accompanying notes are an integral part of these financial statements.





CEPHAS HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED INTERIM STATEMENT OF CASH FLOWS(UNAUDITED)NINE MONTHS ENDEDSEPTEMBER 30,20092008CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$      (385,162)$         (392,968)Adjustment to reconcile net loss to net cash used in operating activitiesStock issued for services rendered3753,500Depreciation163402Changes in operating assets and liabilities:Prepaid expenses-(1,000)Accounts payable131,250211,564Accrued interest250,317170,003Net cash used in operating activities(3,057)(8,499)CASH FLOWS FROM FINANCING ACTIVITIES:Advances from an officer, net-7,516Issuance of stock for cash8,000-Advances from related parties, net(5,000)1,000Net cash provided by financing activities3,0008,516INCREASE (DECREASE) IN CASH(57)17CASH, Beginning of period6447CASH, End of period$                  7$                   64SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:Interest paid$       250,317$          250,317Income taxes paid$                 -$                    -      The accompanying notes are an integral part of these financial statements.





CEPHAS HOLDING CORP. and SUBSIDIARIES CONSOLIDATED NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2009 (UNAUDITED)  Note 1 - Organization and Significant Accounting Policies  Organization and Lines of Business  Cephus Holding Corp formerly Legend Mobile,  Inc., (the "Company"),  was  incorporated  in Delaware on January 13, 1998 and is the  successor  to Interactive  Entertainment  Studio, Inc. (IES). IES was incorporated in the State of Nevada on May 27,  1997 and was merged into the Company in March 1998 for the sole purpose of changing the domicile of the Company  to Delaware.  This merger was  retroactively  reflected in the December  31, 1997  financial  statements.  On June 27, 2002, the Company filed a  Certificate of Amendment to its Certificate of  Incorporation  to amend the Company's Certificate of Incorporation name from PTN Media, Inc. to Legend Mobile, Inc. In October 2008, the Company amended its articles to change the name to Cephus Holding Corp.  The  Company  is a  developer  and  marketer  of branded  mobile  phone products,  including faceplates,  phone accessories,  SMS services, and mobile data  applications.  Through the Company's 50% owned subsidiary, Legend Credit,  Inc.,  (formerly PTN Wireless,  Inc. ("Legend Credit"), the Company  also  develops and markets  stored value cards,  including gift cards bearing the Visa and MasterCard logo.  Effective  October 1, 2004,  Mr.  Klamka,  the Company's CEO and 60% owner of Legend  Credit, contributed an additional 10% interest in Legend Credit to the Company. Legend  Credit  currently  markets  the Hello  Kitty  reloadable  debit MasterCard   card.   The   Hello   Kitty   card   is   sold   via   the www.hellokittycard.com.  Hello  Kitty  is one of  the  most  recognized animated  characters  in the world.  The  Company's  Hello  Kitty Debit MasterCard  card  generate  revenue by charging  cardholders a suite of fees including an initial  processing fee of up to $14.95,  a per month fee of up to  $2.95  and  an ATM  withdrawal  fee of up to  $1.50.  The Company  derives  limited  revenues  from the sale of covers for mobile phones.  The Company's  suppliers require it to purchase these products and resell them to  consumers  and  wholesalers.  The  Company  created products  under its licenses from athletes,  entertainers,  and popular trademarks.  The Company  also sells a  NASCAR-themed,  SMS-based  text messaging service called "Racemobile.com".  The Company also is seeking to sell mobile application software either via over-the-air download or bundled with a particular mobile phone.  These applications may be sold as a subscription or as a single download. The Company has entered into an  agreement  with the  American  Society of  Composers,  Authors  and Publishers  ("ASCAP") for the licensing of ring tones for mobile phones.  ASCAP maintains the rights to 8 million copyrighted musical works.





In February  2001,  the Company  formed Legend Credit as a wholly owned subsidiary.  On April 1, 2003,  Mr. Peter  Klamka,  CEO of the Company, contributed  the rights to an affinity  credit card business  valued at $37,000 to Legend Credit. Mr. Klamka's contribution has been determined pursuant to Accounting  Principles  Board Opinion No. 29,  "Non monetary Transactions,"  using his cost  basis in the  investment,  which is the most readily  determinable  cost.  In exchange  for this  contribution, Legend  Credit  issued  to Mr.  Peter  Klamka  60% of  the  issued  and outstanding shares of Legend Credit common stock and the Company issued to Mr. Klamka 850,000 shares of Series B convertible  preferred  stock. These issuances were valued at $22,200 and $14,800,  respectively.  The Company  retains a 40%  minority  interest  in Legend  Credit  which is accounted for using the equity method.  Effective  October 1, 2004, Mr. Klamka  contributed  an additional 10% interest in Legend Credit to the Company at was valued at $3,700 (10% of $37,000,  the original value of the affinity credit card business).  In July 1999,  the  Company  formed  Legend  Studios,  Inc.  (formerly FragranceDirect.com,   Inc.)  ("Legend  Studios"),   a  majority  owned subsidiary.  Through this entity, the Company sold fragrance products over the Internet.  On June 28, 2004,  the Company,  through its Legend Studios  subsidiary,  entered  into a  definitive  agreement  to  begin operating seven radio stations owned by Quorum Radio Partners, Inc. and Quorum  Radio  Partners  of  Virginia,  Inc.  Under  the  terms  of the agreement,  Legend Studios will operate for a 12-month term,  beginning July 1, 2004,  seven  stations  located in Virginia,  West Virginia and Missouri.  Legend  Studios paid  $50,000  pursuant to the terms of this agreement to operate the ratio stations  which is being  amortized over for a 12-month  period.  In the 4th quarter of 2004, the Company claims that the  owners of the radio  stations  failed to honor the  operating agreement  by  failing  to allow  the  Company  to  control  the  radio stations. As a result, the Company has expensed the unamortized portion of  the  $50,000  payment  pursuant  to  the  operating  agreement  and discontinued the recognition of revenue since the Company was no longer able to control the radio operations. (See Note 12).  Basis of Presentation The accompanying  consolidated  financial statements have been prepared in conformity  with  accounting  principles  generally  accepted in the United States of America, which contemplate continuation of the Company as a going concern.  The Company incurred a net loss for the year ended December  31, 2008 of  $558,845  and at  December  31,  2008,  had an accumulated  deficit of $21,158,275 and a working  capital  deficit of $4,917,766. In addition, the Company generates minimal revenue from its operations and is in default on the payment of notes payable and license fee payable obligations. These conditions raise substantial doubt as to the  Company's   ability  to  continue  as  a  going   concern.   These consolidated  financial  statements do not include any adjustments that might result from the outcome of this uncertainty.  These  consolidated financial  statements  do not include any  adjustments  relating to the recoverability and classification of recorded asset amounts, or amounts and  classification  of liabilities  that might be necessary should the Company be unable to continue as a going concern.  These interim financial statements include all adjustments in management's opinion to not make them misleading.  The Company plans to take the following  steps that it believes will be  sufficient  to provide  the  Company  with the  ability to  continue in  existence.  The Company is seeking additional  equity  capital to expand its cellular  phones  faceplates, mobile data services, and mobile applications business.





Principles of Consolidation  The accompanying consolidated financial statements include the accounts of the Company and its 91%-owned subsidiary, Legend Studios and its 50% owned subsidiary, Legend Credit.  Stock Based Compensation  FASB ASC Topic regarding,  "Accounting for Stock-Based  Compensation,"  establishes and encourages the use of the fair value based method of accounting for stock-based compensation  arrangements under which compensation cost is determined using the fair value of stock-based  compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered.  The statement also permits companies to elect to continue using the current  intrinsic value accounting  method specified  in  FASB ASC Topic regarding, "Accounting  for Stock Issued to Employees," to account for stock-based compensation.  The Company has elected to use the intrinsic value based method and has  disclosed  the pro forma effect of using the fair value based  method to account  for its  stock-based  compensation  issued to employees. For options granted to employees where the exercise price is less than the fair value of the stock at the date of grant, the Company recognizes an expense.. For non-employee stock based compensation the Company recognizes an expense in accordance with FASB ASC Topic regarding Accounting for Stock-Based Compensation  and values the equity  securities  based on the fair value of the security on the date of grant. For stock-based  awards the value is based on the market  value for the stock on the date of grant and if the stock has restrictions as to transferability a discount is provided for lack of  tradability.  Stock  option  awards are  valued  using the Black-Scholes option-pricing model.  If the Company had elected to recognize compensation expense based upon the fair value at the grant date for awards under the Stock Option Plan consistent  with  the  methodology  prescribed  by FASB ASC Topic regarding Accounting for Stock-Based Compensation,  the Company's net loss and loss per share would be reduced to the pro forma amounts indicated below for the six months ended June 30, 2009 and 2008 respectively:  2009 2008  Net loss As reported  $(385,162)  $(309,529) Compensation recognized under APB 25 - - Compensation recognized under SFAS 123 - -  -----------    ------------- Pro forma $ (385,162)  $(309,529)   Basic and diluted loss per common share: As reported $     (0.002)    $     (0.004) Pro forma $     (0.002)    $     (0.004)  Use of Estimates  The preparation of consolidated financial statements in conformity with accounting  principles  generally  accepted  in the  United  States  of America  requires  management to make  estimates and  assumptions  that affect the reported  amounts of assets and  liabilities and disclosures of contingent  assets and  liabilities at the date of the  consolidated financial  statements and the reported  amounts of revenue and expenses during the reporting periods. As of September 30, 2009, the Company used estimates in





determining   the  value  of  common  stock  issued  to consultants  for  services.  Actual  results  could  differ  from these estimates.  Fair Value of Financial Instruments  For certain of the Company's  financial  instruments,  including  cash, accounts  payable,  accrued  expenses,  accrued  interest,  license fee payable, due to related parties, and advances from an officer,  the carrying  amounts  approximate fair value due to their short  maturities.  The amounts shown for notes payable also  approximate fair value because current interest rates and terms  offered to the Company for similar  debt are  substantially  the same.  Cash and Cash Equivalents  For purposes of the statements of cash flows,  the Company defines cash equivalents  as all highly  liquid debt  instruments  purchased  with a maturity of three months or less, plus all certificates of deposit.  Concentration of Credit Risk  Financial  instruments,   which  potentially  subject  the  Company  to concentrations of credit risk,  consist of cash. The Company places its cash with high quality  financial  institutions and at times may exceed the FDIC $100,000  insurance limit. The Company extends credit based on an evaluation of the customer's financial condition,  generally without collateral.  Exposure to losses on receivables is principally dependent on each  customer's  financial  condition.  The  Company  monitors  its exposure for credit losses and  maintains  allowances  for  anticipated losses, as required.  Comprehensive Income  The Company has adopted FASB ASC Topic regarding, "Reporting Comprehensive  Income." This statement establishes standards for reporting comprehensive income and its components in a financial statement. Comprehensive income as defined includes all changes in equity (net assets) during a period from non-owner sources. Examples of items to be included in comprehensive income, which are excluded from net income, include foreign currency translation adjustments and unrealized gains and losses on available-for-sale securities. Comprehensive income (loss) is not presented in the Company's financial statements since there is no difference between net loss and comprehensive loss in any period presented  Fixed Assets  Fixed  assets are  recorded  at cost.  Depreciation  is  provided  on a straight-line  basis  over  estimated  useful  lives of the  assets  as follows:  Computer equipment 3 years Furniture and fixtures 5 years  Expenditures  for  maintenance and repairs are charged to operations as incurred  while renewals and  betterments  are  capitalized.  Gains and losses on disposals are included in the results of operations.





Impairment of Long-Lived Assets  In  October  2001,  the FASB ASC Topic regarding,  "Accounting  for  Impairment or Disposal of Long-Lived Assets".  requiring that long-lived assets  to be  disposed  of by sale,  including  those of  discontinued operations,  be measured at the lower of carrying  amount or fair value less cost to sell,  whether  reported in  continuing  operations  or in discontinued  operations.  FASB ASC Topic regarding,  "Accounting  for  Impairment or Disposal of Long-Lived Assets"broadens  the  reporting  of discontinued  operations  to include all  components  of an entity with operations  that can be  distinguished  from the rest of the entity and that will be eliminated from the ongoing  operations of the entity in a disposal  transaction.  FASB ASC Topic regarding,  "Accounting  for  Impairment or Disposal of Long-Lived Assets"also establishes a "primary-asset" approach to determine  the cash flow  estimation  period for a group of assets and  liabilities  that  represents  the unit of accounting for a long-lived asset to be held and used. The Company's  adoption effective January  1,  2002  did not  have a  material  impact  to the  Company's financial position or results of operations.   Revenue Recognition  The  Company  generates  revenue  from the sale of  products on its web sites and through other channels,  the sale of  advertisements on radio stations it operated and service fees from the sale of debit cards. The Company  recognizes revenue for these product sales when the product is shipped to the customer.  The Company recognizes revenue from the radio stations  it  operated  when  advertisements  were  aired.  The Company recognizes service fee revenue from the sale of debit cards at the time the customer is sent the debit card.  Shipping  and handling  costs are recorded as revenue and related costs are charged to cost of sales.  Income Taxes  The Company  accounts for income taxes in accordance with FASB ASC Topic regarding, "Accounting  for Income  Taxes."  Deferred  taxes are  provided  on the liability  method  whereby  deferred  tax  assets  are  recognized  for deductible  temporary  differences,  and deferred tax  liabilities  are recognized for taxable temporary differences. Temporary differences are the differences  between the reported amounts of assets and liabilities and their tax bases.  Deferred  tax assets are  reduced by a  valuation allowance  when, in the opinion of  management,  it is more likely than not  that  some  portion  or all of the  deferred  tax  assets  will be realized.  Deferred  tax assets and  liabilities  are  adjusted for the effects of changes in tax laws and rates on the date of enactment.  Earnings (Loss) Per Share  The Company  reports  earnings (loss) per share in accordance with FASB ASC Topic regarding,  "Earnings  per  Share."  Basic  earnings  (loss) per share is  computed by dividing income (loss) available to common  shareholders by the  weighted  average  number  of  common  shares  available.  Diluted earnings (loss) per share is computed  similar to basic earnings (loss) per share  except  that the  denominator  is  increased  to include the number of additional  common shares that would have been outstanding if the  potential  common  shares had been  issued  and if the  additional common shares were dilutive.  Diluted earnings (loss) per share has not been  presented  since the effect of the assumed  conversion of options and  warrants to purchase  common  shares  would have an  anti-dilutive effect.  The following  potential common shares have been excluded from the  computation  of  diluted  net loss per  share  for the six months  ended June 30, 2009 and 2008  because  the  effect  would  have  been  anti-dilutive:





2009          2008   Conversion of Series A preferred stock  44,500          44,500  Conversion of Series B convertible preferred stock 8,500,000     8,500,000 Conversion of Series C convertible preferred stock              14,777,500   14,777,500 --------------    -------------- 23,322,000  23,322,000  All warrants and stock options were cancelled during the year ended December 31, 2007.   Minority Interest  Minority interest represents the minority  shareholders'  proportionate share of the equity of Legend  Studios.  During the year ended December 31, 2000, the Company sold 410,000 or 17% of the common stock of Legend Studios.  Legend Studios,  on a stand-alone  basis, had a shareholders' deficit. As a result, the Company's  investment in Legend Studios had a negative  carrying  value.  The  increase in  capitalization  of Legend Studios  resulting  from the sale of 410,000  shares of common stock to outside investors benefited the Company in that it reduced the negative carrying  value  of  the  Company's   investment  in  Legend   Studios. Accordingly,   the  Company  has   accounted  for  the  change  in  its proportionate  share  of  Legend  Studios'  equity  resulting  from the issuance of stock to outside  investors as an increase in shareholders' equity  and  a  reduction  in  minority   interest   liability  in  the consolidated  financial  statements.  During 2001,  three of the Legend Studios shareholders  exchanged 173,999 shares of Legend Studios common stock for 173,999  shares of the Company's  common stock.  During 2002, one of the Legend Studios shareholders exchanged 1,000 shares of Legend  Studios  common stock for 1,000 shares of the  Company's  common stock. The  accompanying  consolidated  financial  statements do not reflect a minority interest  liability as of September 30, 2009 and December 31, 2008 as Legend Studios, on a stand-alone  basis,  had a stockholders'  deficit as of such date. The  accompanying  consolidated  statements of operations for the three months ended September 30,  2009 and 2008 do not reflect the minority interest's share of Legend  Studios'  losses for said periods as the related accrual would  result  in the  Company's  recordation  of a  minority  interest receivable.  In addition,  during the year ended  December 31, 2004,  the  Company's ownership in Legend  Credit  increased to 50%  resulting in the Company consolidating  the  financial  statement  of  Legend  Credit  with  the Company.  The  accompanying  consolidated  financial  statements do not reflect a minority interest liability as of  September 30, 2009 or December 31, 2008 as Legend  Credit, on a stand-alone basis, had a stockholders'  deficit as of such date. The  accompanying  consolidated  statements of operations for the six months ended September 30, 2009 and 2008 do not reflect the  minority  interest's share of Legend  Credits'  losses for 2009 or 2008 as the related accrual would result in the Company's recording of a minority interest receivable.  Recently Issued Accounting Pronouncements  In April 2009, the Financial Accounting Standards Board (FASB) issued guidance for accounting for assets acquired and liabilities assumed in a business combination that arise from contingencies. This guidance modified earlier guidance to provide that contingent assets acquired or liabilities assumed in a business combination be recorded at fair value if the acquisition-date fair value can be determined during the measurement period. If not, such items





would be recognized at the acquisition date if they meet the recognition requirements under GAAP for accounting for contingencies. In periods after the acquisition date, an acquirer shall account for contingent assets and liabilities that were not recognized at the acquisition date in accordance with other applicable GAAP, as appropriate. Items not recognized as part of the acquisition but recognized subsequently would be reflected in that subsequent periods income. This guidance, which was effective for the Company when issued, has no impact on the Companys current financial statements, but will apply to any future acquisitions.  In April 2009, the FASB issued guidance concerning interim disclosures about fair value of financial instruments requiring publicly traded companies to provide disclosure about the fair value of financial instruments whenever interim summarized financial information is reported. Previously, disclosures about the fair value of financial instruments were only required on an annual basis. Disclosure shall include the method(s) and significant assumptions used to estimate the fair value of financial instruments and shall describe changes in method(s) and significant assumptions, if any, during the period. This guidance was effective for interim and annual periods ending after June 15, 2009, and, as such, the Company began including this disclosure with its second quarter 2009 financial statements.  In May 2009, the FASB issued guidance regarding the disclosure of subsequent events. This guidance made no changes to current accounting but added required disclosures regarding the date through which the Company has evaluated subsequent events and whether that evaluation date is the date of financial statement issuance or the date the financial statements were available to be issued. This guidance was effective for interim and annual periods ending after June 15, 2009.  In June 2009, the FASB issued guidance changing the approach used to determine the primary beneficiary of a variable interest entity. The guidance requires ongoing reassessments of whether an enterprise is the primary beneficiary of a variable interest entity, amends previous guidance for determining whether an entity is a variable interest entity, and adds as a reconsideration event any change in facts and circumstances where the holders of the equity investment at risk, as a group, lose the power to direct the activities of the entity that most significantly impact the entitys economic performance. In addition, the revised guidance requires enhanced disclosures regarding an enterprises involvement in a variable interest entity. The new guidance is effective for the Company beginning January 1, 2010 and is not expected to have a material impact on the Companys financial statements.  In June 2009, the FASB issued, The FASB Accounting Standards CodificationTM and the Hierarchy of Generally Accepted Accounting Principles. - This statement established the FASB Accounting Standards Codification as the source of authoritative U.S. generally accepted accounting principles (GAAP). This statement is effective for financial statements issued for interim and annual periods ending after September 15, 2009. Adoption of this statement did not have a material effect on the Companys financial statements.  Note 2 - Fixed Assets  Fixed assets as at September 30, 2009 consisted of the following:  Computer equipment $    49,478 Furniture and fixtures 3,452 52,930 Less accumulated depreciation (52,930)  Net Fixed Assets $            nil  Depreciation expense for the nine months ended September 30, 2009 and 2008 was $163 and $402, respectively.  Note 3 - Investment in/Consolidation of Legend Credit, Inc.





On April 1, 2003, the Company's CEO, Mr. Peter Klamka,  contributed the rights to an affinity credit card business at his historical cost basis of  $37,000  to  Legend  Credit.  Mr.  Klamka's  contribution  has been determined  pursuant to  Accounting  Principles  Board  Opinion No. 29, "Nonmonetary  Transactions,"  using his cost  basis in the investment, which is the most  readily  determinable  cost.  In  exchange  for this contribution,  Legend  Credit  issued to Mr. Peter  Klamka,  60% of the issued and outstanding shares of common stock and the Company issued to Mr. Klamka 850,000 shares of Series B convertible  preferred stock that were valued at $22,200 and $14,800, respectively, pro rata based on the percentage of interest  owned.  Effective  October 1, 2004,  Mr. Klamka contributed  an additional 10% interest in Legend Credit to the Company at was valued at $3,700  (10% of  $37,000,  the  original  value of the affinity credit card  business).Mr.  Klamka received  147,775 shares of the Company's Series C convertible preferred stock in exchange for this contribution.   Effective   October  1,  2004,   the   Company   began consolidating  the  operations  of  Legend  Credit.  Note 4 - Accrued Expenses  Accrued expenses at September 30, 2009, consist of the following:  Michael Jordan settlement $   468,750 Unpaid management salary 306,250 Miscellaneous 159,354  $  934,354  Note 5 - Notes Payable - Officer  As of September 30, 2004,  the Company  converted  $291,000 of advances from its CEO, Mr.  Klamka,  into a note payable that bears  interest at 21% per annum and is payable  upon  demand.  As of June 30, 2009, the balance on this note is $263,496 with accrued interest related to this note amounted to $270,058.  During the year ended December 2006  the Company converted certain of the accrued amounts owing to the CEO and for salaries payable to the CEO into a note totaling $758,920.  This note is unsecured and bears interest at the rate of 21% per annum.  Accrued interest to date is $483,369.  Additional notes were issued during 2007 to Peter Klamka for unpaid salaries of $175,000 bearing interest at the rate of 8% per annum, interest accrued to date is $26,250, a note for expenses paid by Mr. Klamka on behalf of the Company totaling $29,733 bearing interest at 10% per annum, interest accrued to date is $27,687.  Note 6 - Notes Payable  In July and August  1997,  the  Company  received  $56,250  through the issuance of 8% promissory  notes and common stock purchase  warrants to acquire Company stock.  The notes and accrued  interest are payable one year from the date of issuance  or the closing of an equity  funding of the Company of a minimum of $500,000, whichever is sooner. In 1999, one of the note  holders  converted  $25,000  of  principal  and  $5,500 of accrued  interest into 6,100 shares of the Company's  common stock. The remainder  of the notes,  which  amounts to  $31,250,  continues  to be outstanding  notwithstanding the fact that payments owed by the Company thereunder are now past due.  Interest  accrued as of September 30, 2009 aggregated to $27,875.  In July and August of 1999, the Company's Subsidiaries,  Legend Studios issued 10% promissory notes aggregating to $160,000.  The notes are due the earlier of one year or the completion of an initial public offering of Legend Studios common stock.  In addition,  Legend Studios issued to the note  holders  an





aggregate  of  96,000  two-year  stock  purchase warrants to purchase  Legend  Studios  common stock at $3.50 per share.  During the year ended  December  31, 2002,  two note holders  converted principal  and accrued  interest  of $35,000  and  $13,358  into 48,358 shares of the Company's common stock. As of September 30, 2009, $125,000 of these notes and accrued  interest of $127,084 are still  outstanding. These notes are in default at December 31, 2006.  In August  2001,  the Company  issued  notes  payable for  $100,000 and $300,000  which  were  due in 60 days  and 14  days,  respectively.  In connection  with the issuance of the $300,000 note, the Company granted the note  holders an  aggregate  of 80,000  warrants  to  purchase  the Company's common stock at $1 per share. The Company has determined that the fair value of these  warrants to be $99,317 and has  recognized the expense in the  accompanying  statement of  operations  during the year ended  December 31, 2001. The Company used the  Black-Scholes  model to determine  the  fair  value  of  these   warrants  with  the  following assumptions:  (i) dividend  yield of 0%, (ii)  expected  volatility  of 118%,  (iii)  weight-average  risk-free  interest rate of approximately 4.0%,  and (iv)  expected  life of 3 years.  In July 2002,  the Company converted the $300,000 note into 300,000 shares of its common stock and issued  300,000  warrants to purchase the Company's  common stock at $1 per share.  The value of the warrants issued of $244,701 was determined using the  Black-Scholes  model and this  amount has been  recorded  as financing costs in the accompanying  statement of operations during the year ended  December 31, 2002. The following  assumptions  were used to determine the fair value of these 300,000 warrants:  (i) dividend yield of 0%, (ii) expected volatility of 129%, (iii) weight-average risk-free interest rate of approximately 3.5%, and (iv) expected life of 5 years. The  Company did not repay the  $100,000  note on its due date (and has not yet repaid the note) and issued the investor during the years ended December  31, 2004,  2003 and 2002,  respectively,  72,000,  72,000 and 90,000  warrants as a penalty  valued at $7,443,  $13,685 and  $80,870, respectively.  In October  2003,  the Company  issued a note  payable in the amount of $20,000.  The note was due 45 days  after  issuance.  This note has not currently  been repaid.  There is no stated  interest rate on the note, but the Company did issue to the investor  100,000 warrants to purchase shares of the Company's  common stock for $0.35 per share.  The Company used the  Black-Scholes  model  to  determine  the fair  value of these 100,000 warrants with the following assumptions:  (i) dividend yield of 0%, (ii) expected volatility of 118%, (iii) weighted-average  risk-free interest rate of approximately 3.5%, and (iv) expected life of 3 years. The  value of these  warrants  of  $24,890  was has  been  recorded  as interest expense in the accompany consolidated statements of operations during the year ended  December  31,  2003.  This note is in default at December 31, 2008.  Note 7  Notes Payable - Other  The Company issued  a note to Eric Joffe for unpaid salaries for 2006 for $100,000 of which $2,500 was repaid, bearing interest at 7% per annum  and accrued interest to date of $14,433.  Note 8 - Profit Participation Obligation   On  November  22,  2000  the  Company  issued a  promissory  note to an investor in the amount of  $1,000,000.  The note bore interest at 9.25% and was due on April 1, 2001.  The holder of the note had the option of converting  the  note  to  a  royalty   participation   certificate  or converting into shares of the Company's common stock at a 20% discount. In  addition,  the holder of the note was issued a two-year  warrant to purchase  100,000  shares of the  Company's  common  stock at $3.00 per share.





During 2001, the note holder converted the full amount of the note into a profit  participation  obligation  that  provides  for the  holder to receive 7.5% of the profits from the sale of the Claudia  Schiffer Palm Pilot,  the Michael Jordan Palm Pilot and any other  celebrity  branded Palm Pilot that the Company sells. In connection with this  conversion, the Company  issued the holder a warrant to purchase  200,000 shares of the Company's  common stock at $1.50.  The warrant  expires three years from the date of grant. The $1,000,000 profit participation  obligation will be reduced as profits payments are made to the holder.  Due to the  lack of  communication  with  the  holder  of  this  profit participation  obligation and the Company has  discontinued the sale of Palm  products  and does not expect to sell them in the future.  During 2004 the  Company  removed  the  profit  participation  obligation  and recorded a corresponding increase to additional paid in capital.  Note 9 - Stockholders' Deficit  Series A Preferred Stock  The Company has 1,000,000 shares of $0.001 par value Series A Preferred Stock  ("Series  A")  authorized  of which 2,225  shares are issued and outstanding  at  September 30, 2009.  Each  share  of  Series A can be converted into 20 shares of common stock.     Series B Convertible Preferred Stock  The Company has 850,000  shares of $0.01 par value Series B Convertible Preferred  Stock  authorized  of which  850,000  shares  are issued and outstanding at September 30, 2009.  In the event of a voluntary or involuntary liquidation,  dissolution or winding  up of the  Company,  prior to the time  the  Series B  becomes convertible  into  common  shares,  the  holders  of  Series B shall be entitled to $0.01 per share. In the event of a voluntary or involuntary liquidation,  dissolution  or winding up of the Company  after the time the Series B becomes  convertible  into common  shares,  the holders of Series B shall be entitled  to share with the  holders of common  stock pari  passu in the assets of the  Company,  on an as  converted  basis, whether such assets are capital or surplus of any nature.  The Series B shall be  convertible  upon the  earlier  to occur of: (i) the date the Company generates net profits in any two consecutive fiscal quarters or (ii) April 1, 2006.  The  conversion  of  Series B shall be on the  basis of ten  shares  of common  stock for one Series B share,  as may be adjusted  from time to time. Upon  conversion,  the holder of the Series B will be required to pay to the Company a  conversion  price for each share of common  stock equal to $0.10.  The holders of the Series B shall vote on all matters  with the holders of the common  stock  (and not as a separate  class) on a ten votes per share  basis.  The holders of the Series B shall be entitled to receive all  notices  relating  to  voting as are  required  to be given to the holders of the common stock.  During 2003, the Company issued to Mr. Peter Klamka, the Company's CEO, 850,000 shares of Series B as consideration  for the contribution of an affinity credit card business to Legend Credit. (See Note 3)  Series C Convertible Preferred Stock





The Company has 147,775  shares of $0.01 par value Series C Convertible Preferred  Stock  authorized  of which  147,775  shares  are issued and outstanding at September 30, 2009.  In the event of a voluntary or involuntary liquidation,  dissolution or winding  up of the  Company  prior  to the time  the  Series C  becomes convertible  into  common  shares,  the  holders  of  Series C shall be entitled to $0.01 per share. In the event of a voluntary or involuntary liquidation,  dissolution  or winding up of the Company  after the time the Series C becomes  convertible  into common  shares,  the holders of Series C shall be  entitled  to share  with the  holders  of  shares of common stock and Series B convertible preferred stock pari passu in the assets of the Company,  on an as converted  basis,  whether such assets are  capital  or  surplus  of any  nature.  . The  Series  C  shall  be convertible  upon the  earlier  to occur of:  (i) the date the  Company generates  net profits in any two  consecutive  fiscal  quarters;  (ii) April 1,  2006;  or (iii) any date that the  market  price per share of common stock equals or exceeds $0.50.  The  conversion  of  Series C shall be on the  basis of one hundred  shares  of common  stock for one Series C share,  as may be adjusted  from time to time. Upon  conversion,  the holder of the Series C will be required to pay to the Company a  conversion  price for each share of common  stock equal to $0.10.  The holders of the Series C shall vote on all matters  with the holders of the common  stock  (and not as a separate  class) on a ten votes per share  basis.  The holders of the Series C shall be entitled to receive all  notices  relating  to  voting as are  required  to be given to the holders of the common stock.  During 2004, the Company issued to Mr. Peter Klamka, the Company's CEO, 147,775 shares of Series C as consideration  for the contribution of an additional 10% ownership in Legend Credit. (See Note 3)  Common Stock  During the first quarter ended March 31, 2009 the Company issued 75,000 shares for services rendered totaling $375.  During the quarter ended September 30, 2009 the Company issued 5,000,000 for a total of consideration of $8,000.  Note 10 - Commitments and Contingencies  Litigation  Legend  Studios,  Inc. vs. Quorum Radio  Partners,  Inc.,  Quorum Radio Partners of Virginia, Inc. and Quorum Communications, Inc.  Legend Studios lawsuit arises from  defendants'  breach of the parties' Asset Purchase  Agreement and Time Brokerage  Agreement that govern the sale,  programming,  operations  and revenues of certain radio stations (KELE-AM,  KELE-FM, WIQO, WKEY and WKCI). Legend Studios seeks specific performance of the agreements,  as well as in excess of $1.5 million in damages.  Defendants have been served with the complaint,  but have not filed  answers  and may be subject to entry of  default.  Quorum  Radio Partners of Virginia,  Inc., however, filed a bankruptcy petition after being  served  with  the  complaint,   which  stays  Legend   Studios's proceedings solely against that entity.  In the ordinary course of business, the Company is generally subject to claims, complaints, and legal actions. At September 30, 2009, management believes that the Company is not a party to any action which would have a  material  impact on its  financial  condition,  operations,  or cash flows.





In September, 2007, Legend Credit, Inc. entered into an agreement with UCE, Inc. in which the Company agreed to contribute $500,000 toward production, marketing and promotion costs for a weekly mixed martial arts events scheduled and produced by UCE, Inc.  The Company has contributed $29,562 toward the agreed-upon amount as of September 30, 2009, which is included as investments on the Companys balance sheet.   Note 11  Subsequent Events Review The Company has evaluated all subsequent events through November 17, 2009, the date this Quarterly Report on Form 10-Q was filed with the SEC. No recognized or unrecognized events require disclosure as significant subsequent events.





Item 2. Management's Discussion and Analysis or Plan of Operation  Forward looking statements  This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Shareholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to fully establish our proposed websites and our ability to conduct business with Palm, Inc. and be successful in selling products. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.  GENERAL  The following discussion and analysis should be read in conjunction with our consolidated financial statements and related footnotes for the year ended December 31, 2008 included in our Annual Report on Form 10-K.  The discussion of results, causes and trends should not be construed to imply any conclusion that such results or trends will necessarily continue in the future.  We were incorporated in Delaware on January 13, 1998 and are the successor to Interactive Entertainment Studio, Inc. (IES). IES was incorporated in the State Of Nevada on May 27, 1997 and was merged into us in March 1998 for the sole Purpose of changing the domicile of the company to Delaware.  This merger was retroactively reflected in the December 31, 1997 financial statements.  On June 27, 2002 we changed our name to Legend Mobile, Inc.  We have a contract with undisputed, mixed martial arts heavyweight champion, Fedor Emelinenko, granting us the right to develop iPhone applications. We have a contract with the Iron Sheik , a world famous professional wrestler, to develop mobile applications for the iPhone and Android platforms. We have a term sheet with MMA referee Big John McCarthy to develop iPhone applications. We currently offer Ask the Sheik, a mobile application on the Android platform.  We expect to launch the iPhone version of Ask the Sheik as well.  We are currently developing applications under the license granted from Mr. Emelinenko.  We recently purchased the domain name, Girls on iPhone.com and have begun to develop the first iPhone platform beauty contest.  We intend to develop this brand into the leading talent competition and beauty showcase in the mobile industry. We expect to develop a social networking component to this application. We have begin to conduct a nationwide talent search for this project.  We are currently negotiating with several other celebrity personalities outside of combat sports for iPhone applications. There can be no assurance we will succeed in securing any of these brands or if we do successfully bringing a product to market.  Since our inception, we have incurred significant losses and at September 30 , 2009 our current liabilities exceeded current assets. In addition, we are delinquent in certain payments due for license fees and notes payable. In an effort to preserve our cash, we are currently using shares of our common stock to pay down debt.  We may be unable to continue in existence unless we are able to arrange additional financing and achieve profitable operations. We plan to raise additional capital





Significant Accounting Policies and Estimates  Management's Discussion and Analysis of Financial Condition and Results of Operations discusses the Company's consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates and judgments on historical experiences and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The most significant accounting estimates inherent in the preparation of the Company's financial statements relate to the allowance for doubtful accounts. These accounting policies are described at relevant sections in this discussion and analysis and in the notes to the consolidated financial statements included in this Annual Report on Form l0-KSB for the year ended December 31, 2008.  Results of Operations  Nine  months ended  September 30, 2009  vs. September 30, 2008  Revenue for the nine months ended September 30, 2009 was $0 compared to $0 for the three months ended September 30, 2008  The cost of revenue for the nine months ended September 30, 2009 was $0 since there was no revenue as compared to  $0 for the period ended September 30, 2008  Selling, general and administrative expenses for the nine months ended September 30, 2009 was $134,854  as compared to $142,651 for the nine months ended September 30, 2008.  Interest expense and financing costs for the nine months ended September 30, 2009 was $250,317 as compared to $ 166,878 for the nine months ended September 30 , 2008.  Liquidity and Capital Resources  We have incurred an accumulated deficit since our inception of $21,543,437. In order for us to continue in existence, we will have to raise additional capital through the sale of equity or debt or generate sufficient profits from operations, or a combination of both.  Off-balance sheet arrangements  There are no off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.  Item 3. Controls and Procedures  As required by SEC rules, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures at the end of the period covered by this report. This evaluation was carried out under the supervision and with the participation of our management, including our principal executive officer and principal financial officer. Based on this evaluation, these officers have concluded





that the design and operation of our disclosure controls and procedures are effective except in regard weakness in our controls related to the issuance of shares for the year ending December 31, 2007. There were no changes in our internal control over financial reporting or in other factors that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.  Disclosure controls and procedures are our controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities & Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SECs rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.  Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a process designed 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. We have identified a weakness in our controls related to the issuance of shares for the year ending December 31, 2007. We are unable to reconcile our shares outstanding and the number reported in our public filings. We believe the number of shares may be inaccurate by approximately 27,000 common shares. We intend to work closely with our transfer agent to prevent these errors for happening in the future.  Part II. OTHER INFORMATION  Item 1. Legal Proceedings  On September 26, 2008, Mr. Denner filed a suit against the Company and Mr. Klamka in the Iowa District Court for Polk County alleging, among other things, that the Companys and Mr. Klamkas failure to pay a loan made by Mr. Denner to the Company constituted a breach of contract.  Mr. Denner is seeking compensatory damages plus interest and costs. The loan was made by Mr. Denner in 2001 in the principal amount of $100,000 and bears interest only upon default at a rate of 24% per annum.  As of August 31, 2008  the entire $100,000 principal amount in addition to accrued interest of $169,665 is past due.  The loan converts into shares of the Companys common stock at a rate of $1 or the closing price of the commons stock for the previous trading day which based upon August 31, 2008 data would be 38,523,678 shares of the Companys common stock.  The company is party to various legal proceedings from time to time. At this time, management does not believe that any of these proceedings could materially impact the companys operations.  There are several judgments against our company that could effect our operations.  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds  During the quarter ended September 30, 2009 the Company issued 5,000,000 for a total of consideration of $8,000.  Item 3. Defaults Upon Senior Securities  None  Item 4. Submission of Matters to a Vote of Security Holders  None





Item 5. Other Information  None  Item 6. Exhibits  31.1 Certification of the Chief Executive Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  32.1 Certification of the Chief Executive Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Cephas Holding ,Corp.  November 18, 2009  By: /s/ Peter Klamka Peter Klamka, Principal  Executive Officer  and Principal Financial  Officer





EXHIBIT 31.1  CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND PRINCIPAL EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002  I, Peter Klamka, certify that:  1. I have reviewed this quarterly report on Form 10-Q of Cephas Holding Corp.;  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;  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 small business issuer as of, and for, the periods present in this report;  4. The small business issuers other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the small business issuer and have:  a) 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 small business issuer, 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;  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;  c) Evaluated the effectiveness of the small business issuer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  d) Disclosed in this report any change in the small business issuers internal control over financing reporting that occurred during the small business issuers most recent fiscal quarter (the small business issuers fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuers internal control over financial reporting; and  5. The small business issuers other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuers auditors and the audit committee of the small business issuers board of directors (or persons performing the equivalent functions):  a) 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 small business issuers ability to record, process, summarize and report financial information; and  b) Any fraud, whether or not material, that involved management or other employees who have a significant role in the small business issuers internal control over financial reporting.  Dated:  November 18, 2009





/s/ Peter Klamka Peter Klamka Chief Executive Officer (Principal Executive Officer)





EXHIBIT 32.1  CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  In connection with the Quarterly Report of Cephas Holding Corp. (the "Registrant") on Form 10-Q for the period ending September 30, 2009 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Peter Klamka, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to Section. 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.  Dated:  November 18, 2009  /s/ Peter Klamka Peter Klamka Chief Executive Officer (Principal Executive Officer)