----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| SINOCUBATE, INC.                                       |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Nevada                                           |   | 98-0199508                        |
|--------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or |   | (IRS Employer Identification No.) |
| organization)                                    |   |                              |

| 65 Broadway, 7 th Floor                  |   |       |
|------------------------------------------|--------|------------|
| New York, New York                       |   | 10006      |
| (Address of principal executive offices) |   | (Zip Code) |

| Issuer’s telephone number |   | (212) 359 4300 |
|---------------------------------|--------|----------------|

|                                                                               |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

| Large Accelerated Filer |  ̈ | Accelerated Filer         |  ̈ |
|-------------------------|--------|---------------------------|--------|
| Non Accelerated Filer   |  ̈ | Smaller Reporting Company | x      |

----

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| PART I – FINANCIAL INFORMATION |                                                                                        |
|--------------------------------------|---------------------------------------------------------------------------------------------|
|                                 |                                                                                        |
| ITEM 1.                              | FINANCIAL STATEMENTS                                                                        |   |
|                                 |                                                                                        |   |
|                                 | Balance Sheets (Unaudited)                                                                  | F-2  |
|                                 |                                                                                        |   |
|                                 | Statement of Operations and Comprehensive Loss (Unaudited)                                  | F-3 |
|                                 |                                                                                        |   |
|                                 | Statement of Cash Flows (Unaudited)                                                         | F-4 |
|                                 |                                                                                        |   |
|                                 | Statement of Stockholders' Deficiency (Unaudited)                                           | F-5 – F-6 |
|                                 |                                                                                        |   |
|                                 | Notes to Financial Statements (Unaudited)                                                   | F-7 – F-11 |
|                                 |                                                                                        |   |
| ITEM 2.                              | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 3 |
|                                 |                                                                                        |   |
| ITEM 3.                              | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                  | 5 |
|                                 |                                                                                        |   |
| ITEM 4.                              | CONTROLS AND PROCEDURES                                                                     | 6 |
|                                 |                                                                                   |   |
| PART II – OTHER INFORMATION    |                                                                                        |
|                                 |                                                                                        |   |
| ITEM 1.                              | LEGAL PROCEEDINGS                                                                           | 7 |
|                                 |                                                                                        |   |
| ITEM 1A. RISK FACTORS                | 7                                                                                           |
|                                 |                                                                                        |   |
| ITEM 2.                              | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                 | 7 |
|                                 |                                                                                        |   |
| ITEM 3.                              | DEFAULTS UPON SENIOR SECURITIES                                                             | 7 |
|                                 |                                                                                        |   |
| ITEM 4.                              | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                         | 7 |
|                                 |                                                                                        |   |
| ITEM 5.                              | OTHER INFORMATION                                                                           | 7 |
|                                 |                                                                                        |   |
| ITEM 6.                              | EXHIBITS                                                                                    | 7 |
|                                 |                                                                                        |   |
|                                 | SIGNATURES                                                                                  | 8 |

----

----

----

|                                                                                                                     |   | March 31, 2011(Unaudited) |       |   | December 31,2010(audited) |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|------------|--------|--------------------------------|--------|
| ASSETS                                                                                                                   |   |                                |       |   |                           |   |
| Current                                                                                                                  |   |                                |       |   |                           |   |
| Cash                                                                                                                     |   | $                                   | —    |   |                           | $      | — |   |
|                                                                                                                     |   |                                |       |   |                           |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                                           |   |                                |       |   |                           |   |   |   |
|                                                                                                                     |   |                                |       |   |                           |   |   |   |
| Current                                                                                                                  |   |                                |       |   |                           |   |   |   |
| Accounts payable and accrued liabilities                                                                                 |   | $                                   | —    |   |                           | $      | — |   |
| Notes payable                                                                                                            |   |                                |       |   |                           |   |   |   |
|                                                                                                                     |   |                                |       |   |                           |   |   |   |
| Capital stock                                                                                                            |   |                                |       |   |                           |   |   |   |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding as of March 31, 2011     |   |                                |       |   |                           |   |   |   |
| Common stock, $0.001 par value, 100,000,000 shares authorized 995,655 shares issued and outstanding as of March 31, 2011 |   |                                | 996        |   |                           |   |   996 |   |
| Additional paid-in capital                                                                                               |   |                                | 2,361,863  |   |                           |   | 2,359,863 |   |
| Deficit                                                                                                                  |   |                                | (1,305,454 | )      |                           |   | (1,305,454 | ) |
| Deficit accumulated during the development stage                                                                         |   |                                | (1,057,405 | )      |                           |   | (1,055,405 | ) |
|                                                                                                                     |   |                                |       |   |                           |   |   |   |
|                                                                                                                     |   | $                                   | —    |   |                           | $      | — |   |

----

|                                                                               |   | Three months ended |          |   | January 1, 2004(Date of Inceptionof theDevelopmentStage) to |   |
|------------------------------------------------------------------------------------|--------|------------------------------|---------------|--------|-------------------------------------------------------------------------------------------|--------|
|                                                                               |   | March 31,                    |          |   | March 31,                                                                                 |   |
|                                                                               |   | 2011                         |          |   | 2010                                                                                      |   |   | 2011 |   |
| General and administrative expenses                                                |   |                         |          |   |                                                                                      |   |   |   |   |
| Amortization                                                                       |   | $                            | —       |   |                                                                                      | $      | — |   |   | $ | 27,077 |   |
| Bad debt                                                                           |   |                         | —       |   |                                                                                      |   | — |   |   |   | 525 |   |
| Corporate promotion                                                                |   |                         | —       |   |                                                                                      |   | — |   |   |   | 13,920 |   |
| Finance charges                                                                    |   |                         | —       |   |                                                                                      |   | — |   |   |   | 27,397 |   |
| Insurance                                                                          |   |                         | —       |   |                                                                                      |   | — |   |   |   | 15,901 |   |
| Interest on notes payable                                                          |   |                         | —       |   |                                                                                      |   | — |   |   |   | 34,648 |   |
| Management and consultant fees                                                     |   |                         | —       |   |                                                                                      |   | — |   |   |   | 314,374 |   |
| Office supplies and services                                                       |   |                         | 500           |   |                                                                                      |   | 1,000 |   |   |   | 51,442 |   |
| Professional fees                                                                  |   |                         | 1,500         |   |                                                                                      |   | 3,0000 |   |   |   | 333,017 |   |
| Rent                                                                               |   |                         | —       |   |                                                                                      |   | — |   |   |   | 16,311 |   |
| Wages                                                                              |   |                         | —       |   |                                                                                      |   | — |   |   |   | 84,258 |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Loss before other items                                                            |   |                         | (2,000        | )      |                                                                                      |   | (4,000 | ) |   |   | (918,870 | )  |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Other items                                                                        |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Loss on disposition of equipment                                                   |   |                         | —       |   |                                                                                      |   | — |   |   |   | (15,028 | )  |
| Write-down of intangible assets                                                    |   |                         | —       |   |                                                                                      |   | — |   |   |   | (50,001 | )  |
| Write-off of payables                                                              |   |                         | —       |   |                                                                                      |   | — |   |   |   | 73,607 |   |
| Write-off of notes payable                                                         |   |                         | —       |   |                                                                                      |   | — |   |   |   | 14,823 |   |
| Gain on settlement of lawsuit                                                      |   |                         | —       |   |                                                                                      |   | — |   |   |   | 44,445 |   |
| Gain on sale of investment                                                         |   |                         | —       |   |                                                                                      |   | — |   |   |   | 31,874 |   |
| Other income                                                                       |   |                         | —       |   |                                                                                      |   | — |   |   |   | 42,530 |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Income (loss) from continuing operations                                           |   |                         | (2,000        | )      |                                                                                      |   | (4,000 | ) |   |   | (776,620 | ) |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Operating loss from discontinued operations                                        |   |                         |  — |   |                                                                                      |   |  — |   |   |   | (388,905 | )  |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Gain on sales of discontinued operations                                           |   |                         |  — |   |                                                                                      |   | — |   |   |   | 108,120 |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Net income (loss)                                                                  |   | $                            | (2,000        | )      |                                                                                      | $      | (4,000 | )  |   | $ | (1,057,405 | )  |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Basic and diluted income (loss) per                                                |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
|  Common share – continuing operations                                   |   |                         | (0.002        | )      |                                                                                      |   |  (0.004 | ) |   |   |   |   |
|  – discontinued operations                                              |   |                         | —       |   |                                                                                      |   |  — |   |   |   |   |   |
|  – total                                                           |   |                         | (0.002        | )      |                                                                                      |   | (0.004 | )  |   |   |   |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Weighted average number of common share outstanding – basic and diluted |   |                         | 995,655       |   |                                                                                      |   | 995,655 |   |   |   |   |   |
|                                                                               |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Comprehensive income (loss)                                                        |   |                         |          |   |                                                                                      |   |   |   |   |   |   |   |
| Net income (loss)                                                                  |   | $                            | (2,000        | )      |                                                                                      | $      | (4,000 | )  |   | $ | (1,057,405 | )  |
| Foreign currency translation adjustment                                            |   |                         |  — |   |                                                                                      |   | — |   |   |   | — |   |
| Total comprehensive income (loss)                                                  |   | $                            | (2,000        | )      |                                                                                      | $      | (4,000 | )  |   | $ | (1,057,405 | )  |

----

|                                                                        |   | Three months ended |    |   | January 1, 2004 (Date of Inception of the Development Stage) to |   |
|-----------------------------------------------------------------------------|--------|------------------------------|---------|--------|-------------------------------------------------------------------------------------------------------------------|--------|
|                                                                        |   | March 31,               |    |   | March 31,                                                                                                    |   |
|                                                                        |   | 2011                         |    |   | 2010                                                                                                              |   |   | 2011 |   |
| Cash flows from operating activities                                        |   |                         |    |   |                                                                                                              |   |   |   |   |
| Net income (loss)                                                           |   | $                            | (2,000  | )      |                                                                                                              | $      | (4,000 | ) |   | $ | (1,057,405 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Finance charges                                                             |   |                         | — |   |                                                                                                              |   | — |   |   |   | 27,387 |   |
| Accrued interest on notes payable                                           |   |                         | — |   |                                                                                                              |   | — |   |   |   | 31,414 |   |
| Amortization                                                                |   |                         | — |   |                                                                                                              |   | — |   |   |   | 27,077 |   |
| Accrued expenses and service costs assumed by majority shareholder          |   |                         | 2,000   |   |                                                                                                              |   | 4,000 |   |   |   | 104,508 |   |
| Foreign exchange effect on notes payable                                    |   |                         | — |   |                                                                                                              |   | — |   |   |   | 5,303 |   |
| Issuance of common stock for services                                       |   |                         | — |   |                                                                                                              |   | — |   |   |   | 1,000 |   |
| Stock-based compensation                                                    |   |                         | — |   |                                                                                                              |   | — |   |   |   | 28,480 |   |
| Loss on disposition of equipment                                            |   |                         | — |   |                                                                                                              |   | — |   |   |   | 225,184 |   |
| Write-down of intangible assets                                             |   |                         | — |   |                                                                                                              |   | — |   |   |   | 360,001 |   |
| Write-off of payables                                                       |   |                         | — |   |                                                                                                              |   | — |   |   |   | (73,607 | ) |
| Write-off of notes payable                                                  |   |                         | — |   |                                                                                                              |   | — |   |   |   | (18,729 | ) |
| Gain on settlement of lawsuit                                               |   |                         | — |   |                                                                                                              |   | — |   |   |   | (44,445 | ) |
| Gain on sale of discontinued operations                                     |   |                         | — |   |                                                                                                              |   | — |   |   |   | (108,121 | ) |
| Gain on sale of investments                                                 |   |                         | — |   |                                                                                                              |   | — |   |   |   | (31,874 | ) |
| Other income                                                                |   |                         | — |   |                                                                                                              |   | — |   |   |   | (42,530 | ) |
| Changes in non-cash working capital items:                                  |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                    |   |                         | — |   |                                                                                                              |   | — |   |   |   | 143,521 |   |
| Cash used in continuing operations                                          |   |                         | — |   |                                                                                                              |   | — |   |   |   | (422,836 | ) |
| Discontinued operations                                                     |   |                         | — |   |                                                                                                              |   | — |   |   |   | (171,213 | ) |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Net cash used in operating activities                                       |   |                         | — |   |                                                                                                              |   | — |   |   |   | (594,049 | ) |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Cash flows from investing activities                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Proceeds from sale of subsidiary                                            |   |                         | — |   |                                                                                                              |   | — |   |   |   | 1 |   |
| Proceeds from assets disposition                                            |   |                         | — |   |                                                                                                              |   | — |   |   |   | 5,458 |   |
| Purchase of equipment                                                       |   |                         | — |   |                                                                                                              |   | — |   |   |   | (5,808 | ) |
| Net cash used in investing activities                                       |   |                         | — |   |                                                                                                              |   | — |   |   |   | (349 | ) |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Cash flows from financing activities                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Settlement of notes payable                                                 |   |                         | — |   |                                                                                                              |   | — |   |   |   | 398,614 |   |
| Proceeds from issuance of common stock                                      |   |                         | — |   |                                                                                                              |   | — |   |   |   | 1,000 |   |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Net cash provided by financing activities                                   |   |                         | — |   |                                                                                                              |   | — |   |   |   | 399,614 |   |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash                                     |   |                         | — |   |                                                                                                              |   | — |   |   |   | (14,734 | ) |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Change in cash                                                              |   |                         | — |   |                                                                                                              |   | — |   |   |   | (209,518 | ) |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Cash, beginning of period                                                   |   |                         | — |   |                                                                                                              |   | — |   |   |   | 209,518 |   |
|                                                                        |   |                         |    |   |                                                                                                              |   |   |   |   |   |   |   |
| Cash, ending of period                                                      |   | $                            | — |   |                                                                                                              | $      | — |   |   | $ | — |   |

----

|                                                   |   |               |    |     |   |       |   |          |    |          |   |      |   |    | Deficit         |   |   |    |   |
|--------------------------------------------------------|--------|--------------------|---------|----------|--------|------------|--------|---------------|---------|---------------|--------|-----------|--------|---------|-----------------|--------|--------|---------|--------|
|                                                   |   |               |    |     |   |       |   |          |    | Accumulated   |   |      |   |    | Accumulated     |   |   |    |   |
|                                                   |   |               |    |     |   | Additional |   |          |    | Other         |   |      |   |    | During the |   |   |    |   |
|                                                   |   | Common Shares |    | Treasury |   | Paid-in    |   | Subscriptions |    | Comprehensive |   |      |   |    | Development     |   |   |    |   |
|                                                   |   | Number             |    | Amount   |   | Stock      |   | Capital       |    | Received      |   | Income    |   | Deficit |            |   | Stage  |    |   | Total |   |
| May 3, 1989 (Inception) through December 31, 1997 |   |               | 60,022  |     | $      | 600        |   | $             | — |          | $      | 9,400     |   | $       | —         |   | $      | — |   | $ | (10,000 | ) |   | $ | — |   |   | $ | — |   |
| Net loss                                               |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | — |   |   | (148,931 | ) |   |   | — |   |   |   | (148,931 | ) |
| Shares issued for cash                                 |   |               | 180,000 |     |   | 1,800      |   |          | — |          |   | 148,200   |   |    | 2,000           |   |   | — |   |   | — |   |   |   | — |   |   |   | 152,000 |   |
| Balance at December 31, 1998                           |   |               | 240,022 |     |   | 2,400      |   |          | — |          |   | 157,600   |   |    | 2,000           |   |   | — |   |   | (158,931 | ) |   |   | — |   |   |   | 3,069 |   |
| Net loss                                               |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | — |   |   | (511,587 | ) |   |   | — |   |   |   | (511,587 | ) |
| Foreign currency translation adjustment                |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | (14,130 | )      |   | — |   |   |   | — |   |   |   | (14,130 | ) |
| Share issued for services                              |   |               | 15,000  |     |   | 150        |   |          | — |          |   | 124,850   |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 125,000 |   |
| Subscription receivable                                |   |               | 12,000  |     |   | 120        |   |          | — |          |   | 99,880    |   |    | 8,000           |   |   | — |   |   | — |   |   |   | — |   |   |   | 108,000 |   |
| Share issued for intangible assets                     |   |               | 15,000  |     |   | 150        |   |          | — |          |   | 124,850   |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 125,000 |   |
| Balance at December 31, 1999                           |   |               | 282,022 |     |   | 2,820      |   |          | — |          |   | 507,180   |   |    | 10,000          |   |   | (14,130 | )      |   | (670,518 | ) |   |   | — |   |   |   | (164,648 | ) |
| Net loss                                               |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | — |   |   | (339,063 | ) |   |   | — |   |   |   | (339,063 | ) |
| Foreign currency translation adjustment                |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | 18,885  |   |   | — |   |   |   | — |   |   |   | 18,885 |   |
| Shares issued for cash                                 |   |               | 21,600  |     |   | 216        |   |          | — |          |   | 259,784   |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 260,000 |   |
| Shares issued for settlement of debt                   |   |               | 4,500   |     |   | 45         |   |          | — |          |   | 174,955   |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 175,000 |   |
| Subscription receivable                                |   |               | 600     |     |   | 6          |   |          | — |          |   | 9,994     |   |    | (200            | )      |   | — |   |   | — |   |   |   | — |   |   |   | 9,800 |   |
| Subscription received                                  |   |               | 30,000  |     |   | 300        |   |          | — |          |   | 499,700   |   |    | (9,350          | )      |   | — |   |   | — |   |   |   | — |   |   |   | 490,650 |   |
| Stock option benefit                                   |   |               | — |     |   | —    |   |          | — |          |   | 14,235    |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 14,235 |   |
| Balance at December 31, 2000                           |   |               | 338,722 |     |   | 3,387      |   |          | — |          |   | 1,465,848 |   |    | 450             |   |   | 4,755   |   |   | (1,009,581 | ) |   |   | — |   |   |   | 464,859 |   |
| Net loss                                               |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | — |   |   | 375,621 |   |   |   | — |   |   |   | 375,621 |   |
| Foreign currency translation adjustment                |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | 13,629  |   |   | — |   |   |   | — |   |   |   | 13,629 |   |
| Shares issued for cash                                 |   |               | 300     |     |   | 3          |   |          | — |          |   | 2,247     |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 2,250 |   |
| Subscription received                                  |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | 200             |   |   | — |   |   | — |   |   |   | — |   |   |   | 200 |   |
| Stock option benefit                                   |   |               | — |     |   | —    |   |          | — |          |   | 118,920   |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 118,920 |   |
| Repurchase of common stock for treasury                |   |               | — |     |   | —    |   |          | (270    | )             |   | (6,611    | )      |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | (6,881 | ) |
| Balance at December 31, 2001                           |   |               | 339,022 |     |   | 3,390      |   |          | (270    | )             |   | 1,580,404 |   |    | 650             |   |   | 18,384  |   |   | (633,960 | ) |   |   | — |   |   |   | 968,598 |   |
| Net loss                                               |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   |    |   |   | (63,864 | ) |   |   | — |   |   |   | (63,864 | ) |
| Foreign currency translation adjustment                |   |               | — |     |   | —    |   |          | — |          |   | —   |   |    | —         |   |   | (1,155  | )      |   | — |   |   |   | — |   |   |   | (1,155 | ) |
| Shares issued for cash                                 |   |               | 4,500   |     |   | 45         |   |          | — |          |   | 33,705    |   |    | —         |   |   | — |   |   | — |   |   |   | — |   |   |   | 33,750 |   |
| Balance at December 31, 2002                           |   |               | 343,522 |     | $      | 3,435      |   | $             | (270    | )             | $      | 1,614,109 |   | $       | 650             |   | $      | 17,229  |   | $ | (697,824 | ) |   | $ | — |   |   | $ | 937,329 |   |

----

|                                                                         |   |          |          |   |     |   |          |    |   |   |          |   |   |          |          |   |        |   |    |        |   |   | Deficit       |   |   |   |          |
|------------------------------------------------------------------------------|--------|---------------|---------------|--------|----------|--------|---------------|---------|--------|--------|---------------|--------|--------|---------------|---------------|--------|-------------|--------|---------|-------------|--------|--------|---------------|--------|--------|--------|---------------|
|                                                                         |   |          |          |   |     |   |          |    |   |   |          |   |   |          |          |   | Accumulated |   |    |        |   |   | Accumulated   |   |   |   |          |
|                                                                         |   |          |          |   |     |   |          |    |   |   | Additional    |   |   |          |          |   | Other       |   |    |        |   |   | During the    |   |   |   |          |
|                                                                         |   | Common Shares |          |   | Treasury |   |          | Paid-in |   |   | Subscriptions |   |   | Comprehensive |          |   |        |   |    | Development |   |   |          |   |
|                                                                         |   | Number        |          |   | Amount   |   |          | Stock   |   |   | Capital       |   |   | Received      |          |   | Income      |   |    | Deficit     |   |   | Stage         |   |   | Total  |          |
| Balance at December 31, 2002                                                 |   |          | 343,522       |   |     |   | 3,435         |    |   |   | (270          | )      |   |          | 1,614,109     |   |        |   | 650     |        |   |   | 17,229        |   |   |   | (697,824      | ) |   |   | — |   |   |   | 937,329 |   |
| Net loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | (607,630      | ) |   |   | — |   |   |   | (607,630 | ) |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | 1,752         |   |   |   | —       |   |   |   | — |   |   |   | 1,752 |   |
| Stock option benefit                                                         |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 11,800        |   |        |   |    |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 11,800 |   |
| Cancellation of agreement                                                    |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —  |   |        |   | (650    | )           |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | (650 | ) |
| Share issues for cash on exercise of options                                 |   |          | 12,000        |   |     |   | 120           |    |   |   | —       |   |   |          | 11,880        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 12,000 |   |
| Share issues for consulting services                                         |   |          | 45,000        |   |     |   | 450           |    |   |   | —       |   |   |          | 49,675        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 50,125 |   |
| Share issues for intangible assets                                           |   |          | 60,000        |   |     |   | 600           |    |   |   | —       |   |   |          | 104,400       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 105,000 |   |
| Share issued for software                                                    |   |          | 60,000        |   |     |   | 600           |    |   |   | —       |   |   |          | 53,400        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 54,000 |   |
| Balance at December 31, 2003                                                 |   |          | 520,522       |   |     |   | 5,205         |    |   |   | (270          | )      |   |          | 1,845,264     |   |        |   | — |        |   |   | 18,981        |   |   |   | (1,305,454    | ) |   |   | — |   |   |   | 563,726 |   |
| Net loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (795,364 | ) |   |   | (795,364 | ) |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | (238          | )      |   |   | —       |   |   |   | — |   |   |   | (238 | ) |
| Stock-based compensation                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 4,460         |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 4,460 |   |
| Shares issued for cash on exercise of options                                |   |          | 1,000         |   |     |   | 10            |    |   |   | —       |   |   |          | 990           |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 1,000 |   |
| Share issued for debt                                                        |   |          | 140,000       |   |     |   | 1,400         |    |   |   | —       |   |   |          | 68,600        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 70,000 |   |
| Share issued for consulting services                                    |   |          | 2,000         |   |     |   | 20            |    |   |   | —       |   |   |          | 980           |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 1,000 |   |
| Balance at December 31, 2004                                                 |   |          | 663,522       |   |     |   | 6,635         |    |   |   | (270          | )      |   |          | 1,920,294     |   |        |   | — |        |   |   | 18,743        |   |   |   | (1,305,454    | ) |   |   | (795,364 | ) |   |   | (155,416 | ) |
| Net loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (54,416 | ) |   |   | (54,416 | ) |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | (702          | )      |   |   | —       |   |   |   | — |   |   |   | (702 | ) |
| Share issues for consulting services                                         |   |          | 18,000        |   |     |   | 180           |    |   |   | —       |   |   |          | 8,820         |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 9,000 |   |
| Balance at December 31, 2005                                                 |   |          | 681,522       |   |     |   | 6,815         |    |   |   | (270          | )      |   |          | 1,929,114     |   |        |   | — |        |   |   | 18,041        |   |   |   | (1,305,454    | ) |   |   | (849,780 | ) |   |   | (201,534 | ) |
| Net loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (36,575 | ) |   |   | (36,575 | ) |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | 563           |   |   |   | —       |   |   |   | — |   |   |   | 563 |   |
| Share issues for debt                                                        |   |          | 50,000        |   |     |   | 500           |    |   |   | —       |   |   |          | 24,500        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 25,000 |   |
| Balance at December 31, 2006                                                 |   |          | 731,522       |   |     |   | 7,315         |    |   |   | (270          | )      |   |          | 1,953,614     |   |        |   | — |        |   |   | 18,604        |   |   |   | (1,305,454    | ) |   |   | (886,355 | ) |   |   | (212,546 | ) |
| Net loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (170,950 | ) |   |   | (170,950 | ) |
| Discount on notes payable                                                    |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 20,573        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 20,573 |   |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | (13,391       | )      |   |   | —       |   |   |   | — |   |   |   | (13,391 | ) |
| Balance at December 31, 2007                                                 |   |          | 731,522       |   |     |   | 7,315         |    |   |   | (270          | )      |   |          | 1,974,187     |   |        |   | — |        |   |   | 5,213         |   |   |   | (1,305,454    | ) |   |   | (1,057,305 | ) |   |   | (376,314 | ) |
| Issuance of new shares                                                       |   |          | 284,637       |   |     |   | 2,846         |    |   |   |  — |   |   |          | 267,559       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 270,405 |   |
| Cancellation of shares                                                       |   |          | (20,504       | )      |     |   | (205          | )  |   |   | 270           |   |   |          | (65           | )      |        |   | — |        |   |   |  — |   |   |   | —       |   |   |   | — |   |   |   | — |   |
| Services assumed by majority stockholder                                     |   |          | —       |   |     |   |  — |    |   |   |  — |   |   |          | 32,000        |   |        |   | — |        |   |   | —  |   |   |   | —       |   |   |   | — |   |   |   | 32,000 |   |
| Change in par value of common share from $0.01 per share to $0.001 per share |   |          |  — |   |     |   | (8,960        | )       |   |   |  — |   |   |          | 8,960         |   |        |   | — |        |   |   | —       |   |   |   |  — |   |   |   | — |   |   |   | — |   |
| Net income                                                                   |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | 79,122 |   |   |   | 79,122 |   |
| Foreign currency translation adjustment                                      |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | (5,213        | )      |   |   | —       |   |   |   | — |   |   |   | (5,213 | ) |
| Balance at December 31, 2008 (audited)                                       |   |          | 995,655       |   |     |   | 996           |    |   |   | —       |   |   |          | 2,282,641     |   |        |   | — |        |   |   | —       |   |   |   | (1,305,454    | ) |   |   | (978,183 | ) |   |   | — |   |
| Services assumed by majority stockholder                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 28,004        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 28,004 |   |
| Stock-based compensation                                                |   |          |          |   |     |   |          |    |   |   |          |   |   |          | 24,020        |   |        |   |    |        |   |   |          |   |   |   |          |   |   |   |   |   |   |   | 24,020 |   |
| Net Loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (52,024 | ) |   |   | (52,024 | ) |
| Balance at December 31, 2009 (audited)                                       |   |          | 995,655       |   |     |   | 996           |    |   |   | —       |   |   |          | 2,334,665     |   |        |   | — |        |   |   | —       |   |   |   | (1,305,454    | ) |   |   | (1,030,207 | ) |   |   | — |   |
| Services assumed by majority stockholder                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 25,198        |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 25,198 |   |
| Net Loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (25,198 | ) |   |   | (25,198 | ) |
| Balance at December 31, 2010 (audited)                                       |   |          | 995,655       |   |     |   | 996           |    |   |   | —       |   |   |          | 2,359,863     |   |        |   | — |        |   |   | —       |   |   |   | (1,305,454    | ) |   |   | (1,055,405 | ) |   |   | — |   |
| Services assumed by majority stockholder                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | 2,000         |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | — |   |   |   | 2,000 |   |
| Net Loss                                                                     |   |          | —       |   |     |   | —       |    |   |   | —       |   |   |          | —       |   |        |   | — |        |   |   | —       |   |   |   | —       |   |   |   | (2,000 | ) |   |   | (2,000) |   |
| Balance at March 31, 2011 (Unaudited)                                        |   |          | 995,655       |   |     | $      | 966           |    |   | $      | —       |   |   | $             | 2,361,863     |   |        | $      | — |        |   | $      | —       |   |   | $      | (1,305,454    | )  |   | $ | (1,057,405 | )  |   | $ | — |   |

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| Note 1 | Interim Financial Statements |
|--------|------------------------------|

| Note 2  | Nature of Business and Going Concern Assumption |
|--------------|-------------------------------------------------|

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| Note 3 | Summary of Significant Accounting Policies |
|--------|--------------------------------------------|

|   | a) | Basis of Presentation |
|--------|----|-----------------------|

|   | b) | Use of Estimates |
|--------|----|------------------|

|   | c) | Other Comprehensive Income |
|--------|----|----------------------------|

|   | d) | Income Taxes |
|--------|----|--------------|

|   | e) | Stock-Based Compensation |
|--------|----|--------------------------|

----

| Issuance Date |   | Expected volatility |   |   | Risk-free rate |   |   | Expected term (years) |   |   | Dividend yield |   |
|--------------------|--------|--------------------------|--------|--------|---------------------|--------|--------|---------------------------------|--------|--------|---------------------|--------|
| December 16, 2009  |   |                     | 204.70 | %      |                |   | 0.11   | %                               |   |   | 3                   |   |   |   | 0.00 | % |

|   | f) | Recent Accounting Pronouncements |
|--------|----|----------------------------------|

----

| Note 4 | Related Party Transactions |
|--------|----------------------------|

----

| Note 5 | Supplemental Cash Flow Information |
|--------|------------------------------------|

|                                            |   |                         |    |   |                                  |   |    | January 1, 2004 |   |
|-------------------------------------------------|--------|------------------------------|---------|--------|---------------------------------------|--------|---------|---------------------------|--------|
|                                            |   | Three months ended |    |   | (Date of Inception the |   |
|                                            |   | March 31,               |    |   | Development stage) to       |   |
|                                            |   | 2011                         |    |   | 2010                                  |   |    | March 31, 2011  |   |
| Cash paid for:                                  |   |                         |    |   |                                  |   |    |                      |   |
| Interest                                        |   | $                            | — |   |                                  | $      | — |                      |   | $ | — |   |
| Income taxes (recovery)                         |   | $                            | — |   |                                  | $      | — |                      |   | $ | (3,934 | ) |
|                                            |   |                         |    |   |                                  |   |    |                      |   |   |   |   |
| Common shares issued to settle notes payable    |   | $                            | — |   |                                  | $      | — |                      |   | $ | 295,405 |   |
| Expenses assumed by principal stockholders |   | $                            | 2,000   |   |                                  | $      | 4,000   |                      |   | $ | 104,508 |   |

| Note 6 | Discontinued Operations |
|--------|-------------------------|

| Proceeds                                                                      |   | $      | 1      |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|
| Liabilities assumed by purchaser of Casino Marketing S.A. as of April 1, 2008 |   |   | 8,169  |   |
| Liabilities assumed by purchaser of 564448 BC Ltd. as of April 1, 2008        |   |   | 70,267 |   |
|                                                                          |   |   |   |   |
| Gain on sale of discontinued operations                                       |   | $      | 78,437 |   |

| Note 7  | Termination of agreement |
|--------------|--------------------------|

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| ITEM 1.  | LEGAL PROCEEDINGS |
|---------------|-------------------|

| ITEM 1A.  | RISK FACTORS |
|----------------|--------------|

| ITEM 2.  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. |
|---------------|--------------------------------------------------------------|

| ITEM 3.  | DEFAULTS UPON SENIOR SECURITIES |
|---------------|---------------------------------|

| ITEM 4.  | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS |
|---------------|-----------------------------------------------------|

| ITEM 5.  | OTHER INFORMATION |
|---------------|-------------------|

| ITEM 6.  | EXHIBITS |
|---------------|----------|

| Number | Description |
|--------|-------------|

|   31.1 | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer |
|------------------|-----------------------------------------------------------------------------------------------|

|   32.1 | Certificate of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 |
|------------------|-------------------------------------------------------------------------------------------------------|

----

| /s/ Tom Simeo                      |   | Date: May 13, 2011 |
|------------------------------------|--------|--------------------|
| Tom Simeo                          |   |               |
| Chief Executive Officer, Treasurer |   |               |
| Director and Secretary             |   |               |

----