| Minnesota                                                                | 41-1430130                                        |
|--------------------------------------------------------------------------|---------------------------------------------------|
| (State or other jurisdiction of           incorporation or organization) | (I.R.S. Employer           Identification Number) |

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| Large accelerated filer o | Accelerated Filer o | Non-accelerated filer o | Smaller reporting company **x** |
|---------------------------|---------------------|-------------------------|---------------------------------|

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|                 | ****TABLE OF CONTENTS****                                                                     | **Page**          |
|----------------------|-----------------------------------------------------------------------------------------------|-------------------|
|                 |                                                                                          |              |
| **Part I**           | ****                                                                                          |              |
|                 |                                                                                          |              |
| **Item 1**           | **Description      of Business.**                                                             | **  4** |
| **Item      2**      | **Properties.**                                                                               | **  9** |
| **Item      3**      | **Legal Proceedings.**                                                                        | **  9** |
| **Item      4**      | **Submission      of Matters to Vote of Security Holders.**                                   | **  9** |
|                 |                                                                                          | ****              |
| **Part II**          |                                                                                          |                   |
|                 |                                                                                          | ****              |
| **Item      5**      | **Market for Registrant's      Common Equity, Related Stockholder**                           | **  9** |
| **Item      6**      | ****Selected      Financial Data****                                                          | **10**            |
| ****Item      7****  | **Management's Discussion      and Analysis of Financial Condition and Results of Operation** | **10**            |
| ****Item      7A**** | **Quantitative and Qualitative      Disclosures about Market Risk**                           | **10**            |
| ****Item      8****  | **Financial Statements and      Supplementary Data.**                                         | **15**            |
| ****Item      9****  | **Changes in and Disagreement      with Accountants on Accounting and Financial Disclosure**  | **27**            |
| **Item      9A**     | ****Controls      and Procedures.****                                                         | **27**            |
| **Item      9B**     | **Other Information.**                                                                        | **28**            |
|                 |                                                                                          |              |
| **Part III******     |                                                                                          |              |
|                 |                                                                                          |              |
| **Item      10**     | **Directors, Executive Officers      and Corporate Governance.**                              | **28**            |
| **Item      11**     | **Executive Compensation.**                                                                   | **30**            |
| **Item      12**     | **Security Compensation.**                                                                    | **30**            |
| **Item      13**     | **Certain Relationships and      Related Transaction, and Director Independence.**            | **31**            |
| **Item      14**     | **Principal Accountant Fees      and Services.**                                              | **31**            |
|                 |                                                                                          |              |
| **Part IV******      |                                                                                          |              |
|                 |                                                                                          |              |
|                 | **Exhibits and Financial      Statements Schedules.**                                         | **32**            |
|                 | **Signatures**                                                                                | **33**            |

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| **PART I** | **CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS** |
|------------|----------------------------------------------------------|

|   | 1. | Our ability to attract and retain management,      and to integrate and maintain technical information and management information      systems; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 2. | Our ability to generate customer demand for      our services;                                                                                  |
|   | 3. | The intensity of competition; and                                                                                                               |
|   | 4. | General economic conditions.                                                                                                                    |

| **Item 1** | **Business** |
|------------|--------------|

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| **Item 2** | **DESCRIPTION OF PROPERTY.** |
|------------|------------------------------|

| **Item 3** | **LEGAL PROCEEDINGS.** |
|------------|------------------------|

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

| **Item 5** | **Market for Registrant's Common Equity, Related      Stockholder Matters and Issuer Purchases of Equity Securities** |
|------------|-----------------------------------------------------------------------------------------------------------------------|

| Quarter Ending     | High Bid | Low Bid |
|--------------------|----------|---------|
|          |     |    |
| September 30, 2007 | $0.30    | $0.10   |
|               |     |    |
| December 31, 2007  | $0.50    | $0.15   |
|               |     |    |
| March 31, 2008     | $0.50    | $0.15   |
|               |     |    |
| June 30, 2008      | $0.20    | $0.10   |

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| **Item 6** | **Selected Financial Data** |
|------------|-----------------------------|

|   |        |   | June 30,        2008 |   |   | June 30,         2007 |   |   |
|--------|-------------|--------|----------------------|--------|--------|-----------------------|--------|--------|
|   | Revenues    | $      | -                    |   | $      | -                     |   |   |
|   | Expenses    |   | (360,017             | )      |   | (24,166               | )      |   |
|   | Net income  |   | (788,251             | )      |   | (24,166               | )      |   |
|   | Assets      |   | 41,694               |   |   | 2,000                 |   |   |
|   | Liabilities |   | 35,202               |   |   | 6,166                 |   |   |
|   | Equity      |   | 6,492                |   |   | (4,166                | )      |   |

| **Item 7** | **Management's Discussion and Analysis of      Financial Condition and Results of Operations** |
|------------|------------------------------------------------------------------------------------------------|

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| **Item 8** | **FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.** |
|------------|--------------------------------------------------|

| Report of Independent Registered      Public Accounting Firm | F-2                                                         |
|--------------------------------------------------------------|-------------------------------------------------------------|
|                                                         |                                                        |   |
| Financial Statements:                                        |                                                        |
|                                                         |                                                        |   |
|                                                         | Balance Sheets                                              | F-3 |
|                                                         |                                                        |   |
|                                                         | Statements of Operations                                    | F-4 |
|                                                         |                                                        |   |
|                                                         | Statement of Changes in Stockholders' Equity      (Deficit) | F-5 |
|                                                         |                                                        |   |
|                                                         | Statements of Cash Flows                                    | F-6 |
|                                                         |                                                        |   |
|                                                         | Notes to Financial Statements                               | F-7 |
|                                                         |                                                        |   |
|                                                         |                                                        |   |
|                                                         |                                                        |   |
|                                                         |                                                        |   |
|                                                         |                                                        |   |

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| **ASSETS**                                                                                                                                                                                                                          | **June 30,           2008** |       | **June 30,****2007** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|------------|----------------------|--------|
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| Current Assets:                                                                                                                                                                                                                     |                        |       |                 |   |   |   |
|      Cash                                                                                                                                                                                                  | **$**                       | 9,159      |                 | $      | - |   |
|      Marketable        securities net of fair value adjustment of $66,875                                                                                                                                  | ****                        | 26,875     |                 |   | - |   |
|      Security deposits                                                                                                                                                                                     | ****                        | 775        |                 |   | - |   |
|      Stock        subscriptions receivable                                                                                                                                                                 | ** **                  | -          |                 |   | 2,000 |   |
| Total Current Assets                                                                                                                                                                                                                | ****                        | 36,809     |                 |   | 2,000 |   |
|                                                                                                                                                                                                                      |                             |            |                      |        |  |  |
| Fixed Assets                                                                                                                                                                                                                        | ****                        |       |                 |   |   |   |
|      Furniture        and equipment                                                                                                                                                                        |                        | 5,385      |                 |   | - |   |
|           Less        accumulated depreciation                                                                                                                                    | ** **                  | (500       | )                    |   | - |   |
| Total Fixed Assets                                                                                                                                                                                                                  |                        | 4,885      |                 |   | - |   |
| TOTAL ASSETS                                                                                                                                                                                                                        | $                           | 41,694     |                 | $      | 2,000 |   |
|                                                                                                                                                                                                                      |                        |       |                      |   |   |  |
| **LIABILITIES AND STOCKHOLDERS' EQUITY          (DEFICIT)**                                                                                                                                                                         | ****                        | ****       |                 |   |   |   |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| Current Liabilities:                                                                                                                                                                                                                |                        |       |                 |   |   |   |
|      Checks        written in excess of balance                                                                                                                                                            | $                           | -          |                 | $      | 5,293 |   |
|      Accounts payable                                                                                                                                                                                      | ****                        | 33,945     |                 |   | - |   |
|      Accounts        payable, related party                                                                                                                                                                | ** **                  | 1,257      |                 |   | 873 |   |
|           Total        Current Liabilities                                                                                                                                        | ** **                  | 35,202     |                 |   | 6,166 |   |
| TOTAL LIABILITIES                                                                                                                                                                                                                   | ** **                  | 35,202     |                 |   | 6,166 |   |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| Commitments and contingencies        (Notes 1,2,5,6,7,8,9 and 10)                                                                                                                                                                   |                        |       |                 |   |   |   |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| Stockholders' EQUITY (DEFICIT):                                                                                                                                                                                                     |                        |       |                 |   |   |   |
|      Common stock,        $.01 par value 100,000,000 shares authorized, 13,471,208 and                 12,429,808 issued        and outstanding, respectively |                        | 134,711    |                 |   | 124,302 |   |
|      Additional        Paid In Capital                                                                                                                                                                     |                        | 4,223,486  |                 |   | 3,434,987 |   |
|      Accumulated        (deficit)                                                                                                                                                                          |                        | (3,539,288 | )                    |   | (3,539,288 | ) |
|      Accumulated        (deficit) during development stage                                                                                                                                                 | ** **                  | (812,417   | )                    |   | (24,166 | ) |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| TOTAL STOCKHOLDERS' EQUITY        (DEFICIT)                                                                                                                                                                                         | ** **                  | 6,492      |                 |   | (4,166 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        (DEFICIT)                                                                                                                                                                         | $                           | 41,694     |                 | $      | 2,000 |   |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
|                                                                                                                                                                                                                                |                        |       |                 |   |   |   |
| The accompanying notes are an integral          part of the financial statements.                                                                                                                                                   |

----

|                                                                          |   | Years Ended           |   |   | For the         Period from         April 26, 2006         (date of        Commencement         of development         stage) through |   |
|-------------------------------------------------------------------------------|--------|-----------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                          |   | June 30,         2008 |        |   | June 30,        2007                                                                                                                  |        |   | June 30,         2008 |   |
| Revenues                                                                      | $      | -                     |   | $      | -                                                                                                                                     |   | $ | - |   |
|                                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Expenses:                                                                     |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|     Accounting fees                                       |   | 12,000                |   |   | 11,700                                                                                                                                |   |   | 23,700 |   |
|     Legal fees                                            |   | 70,152                |   |   | 6,144                                                                                                                                 |   |   | 76,296 |   |
|     Press release & Edgar      fees                       |   | 5,048                 |   |   | 612                                                                                                                                   |   |   | 5,660 |   |
|     Transfer agent      fees                              |   | 9,863                 |   |   | 3,527                                                                                                                                 |   |   | 13,390 |   |
|     Other professional      fees                          |   | 3,909                 |   |   | -                                                                                                                                     |   |   | 3,909 |   |
|     Compensation      fees                                |   | 151,274               |   |   | -                                                                                                                                     |   |   | 151,274 |   |
|     Bad debt expense                                      |   | 60,992                |   |   | -                                                                                                                                     |   |   | 60,992 |   |
|     Travel      fees                                      |   | 15,393                |   |   | -                                                                                                                                     |   |   | 15,393 |   |
|     Consulting fees                                       |   | 14,000                |   |   | -                                                                                                                                     |   |   | 14,000 |   |
|     Rent expense                                          |   | 6,704                 |   |   | -                                                                                                                                     |   |   | 6,704 |   |
|     Other                                                 |   | 10,682                |   |   | 2,183                                                                                                                                 |   |   | 12,865 |   |
|                                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|     Total Expenses                                        |   | 360,017               |   |   | 24,166                                                                                                                                |   |   | 384,183 |   |
|                                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Net Loss) from Operations                                                     |   | (360,017              | )      |   | (24,166                                                                                                                               | )      |   | (384,183 | ) |
|                                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Other Income (Loss):                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|     Realized (loss)      - sale of marketable securities  |   | (429,328              | )      |   | -                                                                                                                                     |   |   | (429,328 | ) |
|     Interest income                                       |   | 1,094                 |   |   | -                                                                                                                                     |   |   | 1,094 |   |
|                                                                          |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Total Other Income (Loss)                                                     |   | (428,234              | )      |   | -                                                                                                                                     |   |   | (428,234 | ) |
|                                                                          |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Net (Loss)                                                                    | $      | (788,251              | )      | $      | (24,166                                                                                                                               | )      | $ | (812,417 | ) |
|                                                                          |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Per Share                                                                     | $      | (0.06                 | )      | $      | Nil                                                                                                                                   |   | $ | (0.07 | ) |
|                                                                          |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Weighted Average Number of Shares Outstanding                                 |   | 13,195,537            |   |   | 8,594,192                                                                                                                             |   |   | 11,523,949 |   |
|                                                                          |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements. |   |                  |   |   |                                                                                                                                  |   |   |   |   |

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|                                                                                                                        | Number of           Shares |   | Stock          Amount |    | Additional          Paid-in          Capital |   | Accumulated          (Deficit) |   | Accumulated (Deficit)           During           Development          Stage |       |   | Total  |     |
|-----------------------------------------------------------------------------------------------------------------------------|----------------------------|--------|-----------------------|---------|----------------------------------------------|--------|--------------------------------|--------|-----------------------------------------------------------------------------|------------|--------|--------|----------|
| Balance at July 1, 2005                                                                                                     | 2,430,162                  |   | $                     | 24,302  |                                         | $      | 3,514,987                      |   | $                                                                           | (3,539,288 | )      | $      | -        |   | $ | - |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Net loss- year ended June 30, 2006                                                                                          | -                          |   |                  | -       |                                         |   | -                              |   |                                                                        | -          |   |   | -        |   |   | - |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Balance at June 30, 2006                                                                                                    | 2,430,162                  |   |                  | 24,302  |                                         |   | 3,514,987                      |   |                                                                        | (3,539,288 | )      |   | -        |   |   | - |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Issuance of common stock for        cash at $0.00025 oer share         December 4, 2006                                     | 10,000,000                 |   |                  | 100,000 |                                         |   | (80,000)                       |   |                                                                        | -          |   |   | -        |   |   | 20,000 |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Net loss- year ended June 30, 2007                                                                                          | -                          |   |                  | -       |                                         |   | -                              |   |                                                                        | -          |   |   | (24,166  | ) |   | (24,166 | ) |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Balance at June 30, 2007                                                                                                    | 12,430,162                 |   |                  | 124,302 |                                         |   | 3,434,987                      |   |                                                                        | (3,539,288 | )      |   | (24,166  | ) |   | (4,166 | ) |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Issuance of common stock for        cash at $1.00 per share                                                                 | 51,046                     |   |                  | 510     |                                         |   | 50,536                         |   |                                                                        | -          |   |   | -        |   |   | 51,046 |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Issuance of common stock for        investment in marketable         securities at $0.75 per share         October 22, 2007 | 990,000                    |   |                  | 9,900   |                                         |   | 732,600                        |   |                                                                        | -          |   |   | -        |   |   | 742,500 |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Additional Paid-in capital                                                                                                  | -                          |   |                  | -       |                                         |   | 5,363                          |   |                                                                        | -          |   |   | -        |   |   | 5,363 |   |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Net loss- year ended June 30, 2008                                                                                          | -                          |   |                  | -       |                                         |   | -                              |   |                                                                        | -          |   |   | (788,251 | ) |   | (788,251 | ) |
|                                                                                                                        |                            |   |                  |         |                                         |   |                                |   |                                                                        |            |   |   |          |   |   |  |   |
| Balance at June 30, 2008                                                                                                    | 13,471,208                 |   | $                     | 134,711 |                                         | $      | 4,223,486                      |   | $                                                                           | (3,539,288 | )      | $      | (812,417 | ) | $ | 6,492 |   |
|                                                                                                                        |                       |   |                  |    |                                         |   |                           |   |                                                                        |       |   |   |     |   |   |   |   |

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|                                                                                                                             |   | Years Ended           |   |   | For the         Period from         April 26, 2006         (date of        Commencement         of development         stage) through |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                             |   | June 30,         2008 |        |   | June 30,        2007                                                                                                                  |        |   | June 30,         2008 |   |
| Cash Flows from Operating      Activities:                                                                                       |   |                  |   |   |                                                                                                                                  |   |   |   |   |
|      Net (loss)                                                                                         | $      | (788,251              | )      | $      | (24,166                                                                                                                               | )      | $ | (812,417 | ) |
| Adjustments to reconcile      net loss to cash used in operating activities:                                                     |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|           Depreciation                                                         |   | 500                   |   |   | -                                                                                                                                     |   |   | 500 |   |
|           Increase      in accounts payable                                    |   | 34,329                |   |   | 873                                                                                                                                   |   |   | 35,202 |   |
|           Increase      (Decrease) in checks written in excess of cash balance |   | (5,293                | )      |   | 5,293                                                                                                                                 |   |   | - |   |
|           Loss      on marketable securities                                   |   | 429,328               |   |   | -                                                                                                                                     |   |   | 429,328 |   |
|                                                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Net Cash (Used in) Operating      Activities                                                                                     |   | (329,387              | )      |   | (18,000                                                                                                                               | )      |   | (347,387 | ) |
|                                                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Cash Flows from Investing      Activities                                                                                        |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|      Furniture and      equipment                                                                       |   | (5,385                | )      |   | -                                                                                                                                     |   |   | (5,385 | ) |
|      Security      Deposits                                                                             |   | (775                  | )      |   | -                                                                                                                                     |   |   | (775 | ) |
|      Cash received      from sale of Available for sale securities                                      |   | 286,297               |   |   | -                                                                                                                                     |   |   | 286,297 |   |
|                                                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Net Cash Provided by Investing Activities                                                                                        |   | 280,137               |   |   | -                                                                                                                                     |   |   | 280,137 |   |
|                                                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Cash Flows from Financing Activities                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
|      Issuance      of Common Stock for Cash                                                             |   | 53,046                |   |   | 18,000                                                                                                                                |   |   | 71,046 |   |
|      Additional paid      in capital donation                                                           |   | 5,363                 |   |   | -                                                                                                                                     |   |   | 5,363 |   |
|                                                                                                                             |   |                       |   |   |                                                                                                                                       |   |   |  |   |
| Net Cash Provided by Financing Activities                                                                                        |   | 58,409                |   |   | 18,000                                                                                                                                |   |   | 76,409 |   |
| Increase (decrease) in Cash                                                                                                      |   | 9,159                 |   |   | -                                                                                                                                     |   |   | 9,159 |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                       |   |   |  |   |
| Cash, Beginning of Period                                                                                                        |   | -                     |   |   | -                                                                                                                                     |   |   | - |   |
| Cash, End of Period                                                                                                              | $      | 9,159                 |   | $      | -                                                                                                                                     |   | $ | 9,159 |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Interest Paid                                                                                                                    | $      | -                     |   | $      | -                                                                                                                                     |   | $ | - |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Income Taxes Paid                                                                                                                | $      | -                     |   | $      | -                                                                                                                                     |   | $ | - |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |
| Supplemental schedule of      non-cash transactions:                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |
|      Issuance of common      stock in exchange for marketable securities                                | $      | 742,500               |   | $      | -                                                                                                                                     |   | $ | 742,500 |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |
|                                                                                                                             |   |                  |   |   |                                                                                                                                  |   |   |   |   |

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| Year Ending   |  | Estimated NOL        & capital loss         carry-forward |  | Estimated        Tax Benefit         from NOL |  | Valuation        Allowance      |  | Change in        Valuation         Allowance                          |  | Net Tax        Benefit |   |
|---------------|--|-----------------------------------------------------------|--|-----------------------------------------------|--|---------------------------------|--|-----------------------------------------------------------------------|--|------------------------|--------|
| June 30, 2007 |  |   24,166                                        |  |     4,471                 |  |     (4,471) |  |            (-) |  | --                     |   |
| June 30, 2008 |  | 812,417                                                   |  | 150,297                                       |  | (150,297)                       |  | (145,826)                                                             |  | --                     |   |

|   | Income tax benefit at statutory rate      resulting from net operating loss carryforward | (15.0)%                               |   |
|--------|------------------------------------------------------------------------------------------|---------------------------------------|--------|
|   | State tax (benefit) net of Federal benefit                                               | (3.5)%                                |   |
|   | Deferred income tax valuation      allowance                                             | 18.5 %                           |   |
|   |                                                                                     |                                  |   |
|   | Actual tax rate                                                                          | -       |   |
|   |                                                                                     |                                  |   |

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| • | The extent to which fair value is less than      cost basis,                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | Historical operating, balance sheet and cash      flow data contained in issuer SEC filings and news releases,                           |
| • | Near-term prospects for improvement in the      issuer and/or its industry,                                                              |
| • | Third party research and communications with      industry specialists,                                                                  |
| • | Financial models and forecasts,                                                                                                          |
| • | Discussions with issuer management, and                                                                                                  |
| • | Ability and intent to hold the investment for      a period of time sufficient to allow for any anticipated recovery in fair      value. |

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| Name             | Exchange    |
|------------------|-------------|
| Immunosyn (IMYN) |  OTCBB |

| TotalRecorded Cost | Total        Market ValueJune 30, 2008 | Total        RealizedLoss |   |
|--------------------|----------------------------------------|---------------------------|--------|
| $ 93,750           | $ 26,875                               | $ 66,875                  |   |

|   | 2008 | $  9,804 |   |
|--------|------|---------------|--------|
|   | 2009 | $10,572       |   |
|   | 2010 | $10,572       |   |

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| **ITEM 9.** | **CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS      ON ACCOUNTING AND FINANCIAL DISCLOSURE** |
|-------------|-----------------------------------------------------------------------------------------------|

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| NAME             | AGE    | POSITION                                                        |   |
|------------------|--------|-----------------------------------------------------------------|--------|
| Erik Cooper      | 39     | Chairman of the Board, CEO,      President                      |   |
|             |   |                                                            |   |
| John Venette     | 44     | Treasurer, Secretary,      Director and Chief Financial Officer |   |
|             |   |                                                            |   |
| Michael Friess   | 58     | Former CEO                                                      |   |
|             |   |                                                            |   |
| Sanford Schwartz | 58     | Former Director                                                 |   |

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| • | Had a bankruptcy petition filed by or against      any business of which such person was a general partner or executive officer      either at the time of the bankruptcy or within two years prior to that time.                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                   |
| • | Been convicted in a criminal proceeding or      been subject to a pending criminal proceeding, excluding traffic violations      and other minor offenses.                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                   |
| • | Been subject to any order, judgment or decree,      not subsequently reversed, suspended or vacated, of any court of competent      jurisdiction, permanently or temporarily enjoining, barring, suspending      or otherwise limiting his involvement in any type of business, securities      or banking activities. |
|   |                                                                                                                                                                                                                                                                                                                   |
| • | Been found by a court of competent jurisdiction      (in a civil action), the SEC, or the Commodities Futures Trading Commission      to have violated a federal or state securities or commodities law, and the      judgment has not been reversed, suspended or vacated.                                            |

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|              |   |                       |   |   |   | Annual Compensation |   |      |   | Long Term Compensation Awards        |   | Payouts                                               |
|--------------|--------|----------------------------|--------|--------|--------|---------------------|--------|-----------|--------|--------------------------------------|--------|-------------------------------------------------------|
|         |   |                       |   |   |   |                |   |      |   |                                 |   |                                                  |   |   |   |   |
| Name         |        | Principal         Position |        | Year   |        | Salary ($)          |        | Bonus ($) |        | Other Annual Compensation        ($) |        | Restricted         Stock         Award(s)         ($) |  | Securities        Underlying        Options and        SARs(#) |  | LTIP         Payouts |
| Erik Cooper  |   | CEO                        |   | 2007   |   | $50,000             |        |           |   |                                      |   |                                                  |   |   |   |   |
|              |   |                            |   |        |   |                     |        |           |   |                                      |   |                                                  |   |   |   |   |
| John Venette |   | CFO                        |   | 2007   |   | $42,000             |        |           |   | $14,000                              |   |                                                  |   |   |   |   |
|         |   |                            |   | 2006   |   | $ -0-               |        |           |   |                                      |   |                                                  |   |   |   |   |

|   | NAME AND ADDRESS                                                                         | NUMBER OF         SHARES OWNED         OR CONTROLLED(1)               | PERCENTAGE         OF SHARES         OWNED(1) |   |
|--------|------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------|--------|
|   |                                                                                     |                                                                  |                                          |   |
|   | Big Eye Capital, Inc. (2)       2425 E. Camelback Road Suite 950       Phoenix, AZ 85016 | 8,051,046                                                             | 59.77%                                        |   |
|   |                                                                                     |                                                                       |                                               |   |
|   | Argyll Equities, LLC       La Jolla, CA                                                  | 2,490,000                                                             | 18.48%                                        |   |
|   |                                                                                     |                                                                       |                                               |   |
|   | Erik Cooper (2)       2425 E. Camelback Road Suite 950       Phoenix, AZ 85016           | 8,051,046                                                             | 59.77%                                        |   |
|   |                                                                                     |                                                                       |                                               |   |
|   | John Venette       4710 E Falcon Dr. #213       Mesa, AZ 85215                           |            -0- |  0.00%                                   |   |
|   |                                                                                     |                                                                       |                                               |   |
|   | All Officers and Directors               as a Group (2 persons)                | 8,051,046                                                             | 59.77%                                        |   |

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| **Exhibit**     | **Number Description of Exhibit**                                                                                                                                        |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                                     |
|   3.1 | Articles of Incorporation (incorporated by      reference to the exhibits to Registrant's Form 8-K filed on October 3, 2007).                                            |
|            |                                                                                                                                                                     |
|   3.2 | By-Laws (incorporated by reference to the exhibits      to Registrant's Form 10-SB filed on December 14, 2006).                                                          |
|            |                                                                                                                                                                     |
| 31.1            | Certification of Principal Executive Officer      pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities      and Exchange Act of 1934, as amended |
|            |                                                                                                                                                                     |
| 31.2            | Certification of Principal Financial Officer      pursuant to Rule 13a-14 and Rule 15d 14(a), promulgated under the Securities      and Exchange Act of 1934, as amended |
|            |                                                                                                                                                                     |
| 32.1            | Certification pursuant to 18 U.S.C. Section      1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002      (Chief Executive Officer)               |
|            |                                                                                                                                                                     |
| 32.2            | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002 (Chief Financial Officer)               |

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| Date: October 14, 2008 |   |                                                                                                                                                                                                       |
|------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   | By:    |                                                                                                                                                                                                  |
|                   |   | /s/ Erik Cooper                          Erik Cooper       Chief Executive Officer       and Chairman of the Board of Directors |
|                   |   |                                                                                                                                                                                                  |
|                   |   |                                                                                                                                                                                                  |
| Date: October 14, 2008 |   |                                                                                                                                                                                                       |
|                   | By:    |                                                                                                                                                                                                  |
|                   |   | /s/ John Venette                       John Venette       Chief Financial Officer       and Director                                           |
|                   |   |                                                                                                                                                                                                  |
|                   |   |                                                                                                                                                                                                  |

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