UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 
 FORM
10-KSB
 (Mark
One)
 
  S
              ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
the fiscal year ended December 31, 2007
  £
              TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
the transition period from ___________ to ___________
 
 Commission
file number 000-52569
 
 Kelyniam
Global, Inc.
 (Name of
small business issuer in its charter)
 
 NEVADA
              20-4130012(State
      or other jurisdiction of incorporation organization)
              (I.R.S.
      Employer Identification No.)1100
      North University Avenue, Suite 135Little Rock,
      Arkansas
              72207(Address
      of principal executive offices)
              (Zip
      Code)
  (800)
280-8192
 (Issuer's
telephone number, including area code)
 
 Securities
registered pursuant to Section 12(b) of the Exchange Act: None
 Securities
registered pursuant to Section 12(g) of the Exchange Act:
 
 Common Stock, $.001 par
value per share
 (Title of
Class)
  Check
whether the Issuer is not required to file reports pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934. £
 
 Check
whether the Issuer: (1) has filed all reports required to be filed by Section 13
or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Issuer was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes
S No £
 
 Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B not contained in this form, and no disclosure will be contained,
to the best of the registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. £
 
 Indicate
by check mark whether the registrant is a shell company (as defined by Rule
12-b2 of the Exchange Act). Yes £ No S
 
 Issuer's
Revenues for the fiscal year 2007 were: $46,567
 
 Our
common stock is not traded on any market or listed on any
exchange.  There was not an active market and no trading volume during
fiscal 2007 and there has been no trading volume in 2008, therefore the
aggregate market value of the issuer’s common stock held by non-affiliates at
February 20, 2008 is deemed to be $-0-.
 
 As of
March 11, 2008, the Issuer had 9,531,300 shares outstanding of the Common Stock
($0.001 par value)
  
 1
 
  TABLE OF CONTENTS
 Page No.PART IItem
      1.
              Description of Business
              2Item
      2.
              Description of Properties
              4Item
      3.
              Legal Proceedings
              4Item
      4.
              Submission of Matters to a Vote of Security
      Holders
              4PART IIItem
      5.
              Market for Common Equity, Related Stockholder Matters and
      Small Business Issuer Purchases of Equity Securities
              4Item
      6.
              Management's Discussion and Analysis of Financial
      Condition
              5Item
      7.
              Financial Statements
              9Item
      8.
              Changes in and Disagreements With Accountants on Accounting
      and Financial Disclosure
              10Item
      8A.
              Controls and Procedures
              10Item
      8B.
              Other Information
              10PART IIIItem
      9.
              Directors, Executive Officers, Promoters, Control Persons
      and Corporate Governance; Compliance With Section 16(a) of the Exchange
      Act
              10Item
      10.
              Executive Compensation
              11Item
      11.
              Security Ownership of Certain Beneficial Owners and
      Management and Related Stockholder Matters
              12Item
      12.
              Certain Relationships and Related Transactions, and
      Director Independence
              12Item
      13.
              Exhibits
              12Item
      14.
              Principal Accountants Fees and Services
              13SIGNATURES
              13
  Special Information
Regarding Forward Looking Statements
 
 Some of
the statements in this prospectus are “forward-looking statements.” These
forward-looking statements involve certain known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by these forward-looking statements. These
factors include, among others, the factors set forth above under “Risk Factors.”
The words “believe,” “expect,” “anticipate,” “intend,” “plan,” and similar
expressions identify forward-looking statements. We caution one not to place
undue reliance on these forward-looking statements. We undertake no obligation
to update and revise any forward-looking statements or to publicly announce the
result of any revisions to any of the forward-looking statements in this
document to reflect any future or developments. However, the Private Securities
Litigation Reform Act of 1995 is not available to us as a penny stock issuer and
thus we may not rely on the statutory safe harbor from liability for
forward-looking statements. Further, Section 27A(b)(2)(D) of the Securities Act
and Section 21E(b)(2)(D) of the Securities Exchange Act expressly state that the
safe harbor for forward looking statements does not apply to statements made in
connection with this offering.
 
 PART I
 
 ITEM
      1.
              DESCRIPTION OF BUSINESS
 
 Kelyniam
Global, Inc. was originally organized and incorporated under the name Ketner
Global Investments, Inc. in the state of Nevada on December 30, 2005. On January
1, 2006, the company formally commenced operations.  On December 5,
2007, the name was changed from Ketner Global Investments, Inc. to Kelyniam
Global, Inc.  The company’s address is 1100 North University Avenue,
Suite 135, Little Rock, Arkansas 72207.
 
 Our phone
number is 1-800-280-8192, 1-501-553-9198, FAX 1-501-641-200, and our company’s
web site is www.kelyniam.com.
  2
 Table of Contents
  We are an
engineering and management consulting company providing services for, but not
limited to, large scale manufacturing industries.  Our clients are
typically in the aircraft and automotive industries.  We offer a
complete cradle to grave consulting service that encompasses all disciplines of
the Design, Engineering and Manufacturing process which specializes in the use
of CADCAM (Computer aided design computer aided manufacturing).  Some
examples of the types of services our company and officers have offered in the
past, and which Kelyniam Global, Inc. intends to offer in the future but not
limited to are as follows:
 
 Initial
design and development in automotive styling studios including ‘Class A’ surface
design and development, Wind tunnel model design and production, Sheet metal
design for body in White, and conventional stampings, Numeric Control
Programming for production, tooling, composite and conventional tooling and
manufacturing methods, Interior aircraft design and development including follow
through to manufacturing processes, Primary Structural Design for aircraft,
plastic injection molding design and development including follow through to the
manufacturing processes with accompanying tool design,  Research and
Development of practicality issues from new manufacturing processes, CADCAM
support for CATIA (Computer aided three dimensional interactive application),
Research and development of alternate methods of electrical generation and the
study of vibratory and bounded field harmonics.
 
 We not
only provide specific consulting work for these processes, but also offer a
product lifecycle management as well. Our engineering services are not limited
to the automotive and aircraft industry.  The use of CADCAM technology
today can be seen in many disciplines of the design and manufacturing processes,
and Kelyniam Global, Inc. has the ability through the company’s staff to
accommodate almost any need in these types of environments.
 
 We
are:
  ·
              A development stage Engineering
      Consulting firm with research and development in Mechanical
      Engineering
 ·
              Searching for investments in
      companies we provide consulting
work
 
 ·
              Seeking additional contracts in
      the engineering and manufacturing
  environments.
 
 Since our
inception, we have devoted our activities to the following:
 
 ·
              Developing our business plan for
      North and South American
Markets
 ·
              Providing Engineering consulting
      services
 
 ·
              Pursuing additional Engineering
      Consulting Contracts
 ·
              Developing our long term business
      strategies in the Global Market
place
 
 Because
we are a new and expanding company with a limited history of revenues, and a
limited history of operations, and currently have no revenue generating
contracts, our independent auditors have indicated that there is substantial
doubt about our ability to continue as a going concern over the next twelve
months.
 
 We also
intend to make investments in the companies in which we provide consulting work
and continue with Research and development of alternate methods of electrical
generation and the study of vibratory and bounded field harmonics.
 
 Planned Marketing and Future
Business Development
 
 Kelyniam
Global, Inc. relies heavily on the officers past experience and past contacts to
obtain new contacts in the engineering consulting fields.  The
officers of the company have extensive experience in these
environments.  The company will also rely on the officer’s historic
performance and reputation with past customers to obtain, maintain, and acquire
these types of contracts.  Kelyniam Global, Inc. also relies on the
officer’s experience in conducting business in North and South American to
position the company competitively in these emerging markets.
 
 Competition
 
 We
compete with other engineers and engineering firms with similar background and
experience in the engineering consulting disciplines.  Some of our
competitors are more established and have substantially greater resources than
us. We have a limited history of operations, and have had only one major
contract to provide engineering consulting work for Dassault Falcon Jet in
Little Rock Arkansas, and currently do not have any revenue generating contracts
as of the date of this report.
 
 Kelyniam
Global, Inc. intends to compete by offering the most experienced and talented
individuals in the field of engineering consulting.
  3
 Table of Contents
  Employees
 
 Currently
the Company does not have any employees, other than the following:
 
 James
Ketner-President/CEO/Chairman
 Michelle
LynRay- Secretary/Treasurer/Director
 John
Mastoloni-VP/Director
 Alexander
Borges dos Santos-VP/Director
 
 ITEM
      2.
              DESCRIPTION
      OF PROPERTIES
 
 We do not
own any real property.  The Company leases its current office space
through a non-cancelable operating lease which expires December 31,
2008.  Rental expense for the year ended December 31, 2007 was
$5,891.
 
 ITEM
      3.
              LEGAL
      PROCEEDINGS
 
 There are
no pending or threatened lawsuits against us.
 
 ITEM
      4.
              SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS
 
 None
 
 PARTII
 
 ITEM
      5.
              MARKET
      FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERSAND
      SMALL BUSINESS ISSUER PURCHASES OF EQUITY
  SECURITIES
 
 There is
no established public trading market for our securities and a regular trading
market may not develop, or if developed, may not be sustained. A shareholder in
all likelihood, therefore, will not be able to resell his or her securities
should he or she desire to do so when eligible for public re-sales. Furthermore,
it is unlikely that a lending institution will accept our securities as pledged
collateral for loans unless a regular trading market develops. We have no plans,
proposals, arrangements, or understandings with any person with regard to the
development of a trading market in any of our securities.
 
 Dividends
 
 Holders
of our common stock are entitled to receive dividends if and when declared by
the Board of Directors out of funds legally available therefore. We have never
declared or paid any dividends on our common stock. We intend to retain any
future earnings for use in the operation and expansion of our business.
Consequently, we do not anticipate paying any cash dividends on our common stock
to our stockholders for the foreseeable future.
 
 Recent Sales of Unregistered
Securities
 
 The
Company incorporated December 30, 2005, with 10,000,000 shares of authorized
common stock with a par value of $.001.  During 2005, 8,000,000 shares
were issued to officers and directors of the Company.  During 2006,
the Company sold 98,680 shares of common stock at various prices per share, in
private sales, in order to finance the Company’s initial
operations.  20,000 shares of this initial offering was repurchased by
the company and retired on October 25, 2007.
 
 On July
9, 2007, Pursuant to Rule 477 under the Securities Act of 1933, as amended,
the Company requested that the Registration Statement on form SB-2 be
withdrawn.   The reason for the withdrawal aligned with the
Company’s intention to sell additional shares of stock to additional
shareholders under the provisions of Rule 506 of Regulation D in accordance with
the provisions of Rule 155c before re-filing a new registration
statement.
 
 From
August 10, 2007, through the date of this report, the company issued and or sold
approximately 1,452,620 additional shares to approximately 38 new shareholders
at a price between $.10 and $.20 per share. Of this total, 120,000 shares were
issued in exchange for services and 1,000,000 were issued to directors of the
Company as a compensation package.
 
 The
Company caused to be in effect a two for one (2:1) forward stock split with the
certificates of record as of December 10, 2007.  At Date of this
report, the total outstanding common stock was 9,531,300 (post
split)
 
 We relied
upon Section 4(2) and 4(6) of the Securities Act of 1933, as amended for the
above issuances. We believed that Section 4(2) and 4(6) were available
because:
 
 None of
these issuances involved underwriters, underwriting discounts or
commissions;
  4
 Table of Contents
  ITEM
      6.
              MANAGEMENT’S
      DISSCUSSION AND ANALYSIS OF FINANCIAL
      CONDITION
 
 Critical Accounting Policies
and Estimates
 
 The
preparation of financial statements and related disclosures in conformity with
accounting principles generally accepted in the United States requires
management to make estimates and assumptions that affect the amounts reported in
the audited Financial Statements and accompanying notes. Estimates are used for,
but not limited to, the accounting for the allowance for doubtful accounts,
inventories, income taxes and loss contingencies. Management bases its estimates
on historical experience and on various other assumptions that are believed to
be reasonable under the circumstances. Actual results could differ from these
estimates under different assumptions or conditions.
  As of
December 31, 2007, the Company has not produced significant revenues from its
engineering and management consulting services. Accordingly, the Company’s
activities have been accounted for as those of a “Development Stage Company” as
set forth in SFAS No. 7, “Accounting for Development Stage Entities.” Among the
disclosures required by SFAS No. 7 are that the Company’s financial statements
be identified as those of a development stage company. In addition, the
statements of operations and comprehensive loss, stockholders equity (deficit)
and cash flows are required to disclose all activity since the Company’s date of
inception.
 
 The
Company will continue to prepare its financial statements and related
disclosures in accordance with SFAS No. 7 until such time that the Company’s
services have generated significant revenues.
 
 The
Company recognizes revenue as services are performed. Currently, revenue is
recognized from non-contractual consulting services.  The Company
currently has no revenue generating contracts and all previous revenues reported
from April 17, 2006 through May 10, 2007, were pursuant to a contract providing
engineering consulting work for Dassault Falcon Jet, a major aircraft
manufacturer in Little Rock, Arkansas.  The contract was a “Time and
Material” type contract in which the Company  had been contracted to
help in the reduction of delivery times for aircraft produced at this facility
by providing engineer consulting personnel that specialize in this field. This
contract had been the major source of revenues for the Company, until the
contract was terminated.
 
 The
Company accounts for marketable securities in accordance with Statements of
Financial Accounting Standards (“SFAS”) No. 115 “Accounting for Certain
Investments in Debt, and Equity Securities”.  Under this standard,
certain investments in debt and equity securities are reported at fair
value.  The Company’s marketable securities, which consist primarily
of investments in the stock of public companies, are reported as available for
sale securities.  The unrealized gain or loss on these securities is
reflected as a separate component of shareholders’ equity and any changes in
their value are included as other comprehensive income or loss. As of December
31, 2007, the Company has closed the account that was used for investment
purposes.
 
 Fixed
assets are recorded at cost.  Depreciation and amortization generally
are reported on a straight line method for the various
assets:  Furniture, fixtures and equipment; 7 years, and computer
equipment and automobile; 5 years.  Maintenance and repairs are
expensed as incurred while renewals and betterments are
capitalized.
 
 The
Company estimates that the fair value of all financial instruments at December
31, 2007 and 2006 does not differ materially from the aggregate carrying values
of these financial instruments recorded in the accompanying balance
sheets.  The estimated fair value amounts have been determined by the
Company using available market information and appropriate valuation
methodologies.  Considerable judgment is necessarily required in
interpreting market data to develop the estimates of fair value, and,
accordingly, the estimates are not necessarily indicative of the amounts that
the Company could realize in a current market exchange.
 
 Income
taxes are reported under the liability method pursuant to SFAS No. 109
“accounting for income taxes”. A valuation allowance is provided when the
likelihood of realization of deferred tax assets is not assured.
 
 The
preparation of the financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.
 
 The
Company calculates earnings (loss) per share in accordance with SFAS No. 128,
“Earnings per Share”.  Basic earnings (loss) per share was computed by
dividing net income (loss) by the weighted average number of common shares
outstanding. At December 31, 2007 and 2006, there were no potentially dilutive
shares excluded from the calculation of earnings (loss) per
share.  The weighted average number of common shares outstanding for
2007and 2006 reflects the two for one (2:1) forward stock split.
 
 The
Company financial statements reflect consulting services that includes a
compensation expense for employees.  As of December 31, 2007, the
Company has entered into an agreement with Ms. Michelle LynRay, (officer and
director) for a stock compensation package in which 400,000 (post split)
additional shares were issued to Ms. LynRay in exchange for services as rendered
in the amount of $40,000.
 Also, as
of December 31, 2007, an agreement was entered into with Mr. John Mastoloni,
(director) for a stock compensation package in which 600,000 (post split)
additional shares were issued to Mr. Mastoloni in exchange for services rendered
in the amount of $60,000.
 
 5
 Table of Contents
  The
Company accounts for transactions in which it issues equity instruments to
acquire goods or services from non-employees in accordance with the provisions
of SFAS No. 123R (as amended).  These transactions are accounted for
based on the fair value of the consideration received or the fair value of the
equity instruments issued, whichever is more reliably measurable.
 
 As of
December 31, 2007, the Company issued 120,000 shares at $.10 per share for of
$12,000 for services rendered.  The $12,000 is included in the
Company’s operating expenses.
 
 Special Information
Regarding Forward Looking Statements
 
 Some of
the statements in this Management’s Discussion are “forward-looking statements.”
These forward-looking statements involve certain known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by these forward-looking statements. These
factors include, among others, the factors set forth above under “Risk Factors.”
The words “believe,” “expect,” “anticipate,” “intend,” “plan,” and similar
expressions identify forward-looking statements.
 
 We
caution investors not to place undue reliance on these forward-looking
statements. We undertake no obligation to update and revise any forward-looking
statements or to publicly announce the result of any revisions to any of the
forward-looking statements in this document to reflect any future or
developments.
 
 However,
the Private Securities Litigation Reform Act of 1995 is not available to us as a
penny stock issuer and thus we may not rely on the statutory safe harbor from
liability for forward-looking statements. Further, Section 27A(b)(2)(D) of the
Securities Act and Section 21E(b)(2)(D) of the Securities Exchange Act expressly
state that the safe harbor for forward looking statements does not apply to
statements made in connection with this offering.
 
 Results of
Operations
 
 Kelyniam
Global, Inc. was originally organized and incorporated under the name Ketner
Global Investments, Inc. in the state of Nevada on December 30,
2005.  On January 1, 2006, the company formally commenced
operations.  On December 5, 2007, the name was changed from Ketner
Global Investments, Inc. to Kelyniam Global, Inc.  The company’s
address is 1100 North University Avenue, Suite 135, Little Rock, Arkansas
72207.  The company is an engineering and management consulting
company providing services for, but not limited to, large scale manufacturing
industries. We offer a complete cradle to grave consulting service that
encompasses all disciplines of the Design, Engineering and Manufacturing process
which specializes in the use of CADCAM (Computer aided design computer aided
manufacturing).  Our clients are typically in the aircraft and
automotive industries.  We also intend to invest in companies within
these industries that we provide engineering consultant work
for.  Historically, our primary revenue generation has been done by
consulting for these larger firms.
 
 Shares of common
stock
 The
Company incorporated December 30, 2005, with 10,000,000 shares of authorized
common stock with a par value of $.001.  During 2005, 8,000,000 shares
were issued to officers and directors of the Company.  During 2006,
the Company sold 98,680 shares of common stock at various prices per share, in
private sales, in order to finance the Company’s initial
operations.  20,000 shares of this initial offering was repurchased by
the company and retired on October 25, 2007.
 
 On July
9, 2007, Pursuant to Rule 477 under the Securities Act of 1933, as amended,
the Company requested that the Registration Statement on form SB-2 be
withdrawn.   The reason for the withdrawal aligned with the
Company’s intention to sell additional shares of stock to additional
shareholders under the provisions of Rule 506 of Regulation D in accordance with
the provisions of Rule 155c before re-filing a new registration
statement.
 
 From
August 10, 2007, through the date of this report, the company issued and or sold
approximately 1,452,620 additional shares to approximately 37 new shareholders
at a price between $.10 and $.20 per share. Of this total, 120,000 shares were
issued in exchange for services and 1,000,000 were issued to directors of the
Company as a compensation package.
 
 The
Company caused to be in effect a two for one (2:1) forward stock split with the
certificates of record as of December 10, 2007.  At Date of this
report, the total outstanding common stock was 9,531,300 (post
split)
 
 Revenue
Recognition
 For the
year ended December 31, 2005, the company generated no revenues.  The
company formally commenced operations on January 1, 2006 and began pursuing
contracts in engineering consulting work in the United States.
 
 On April
17, 2006, the company had entered into an agreement to provide engineering
consulting for Dassault Falcon Jet Corporation in Little Rock
Arkansas.  The contract was a “Time and Material” type contract in
which the company was contracted to aid in the reduction of delivery times for
aircraft produced at this facility by providing engineer consulting personnel
that specialize in this field.
  After
approximately one year, a decision was made to not renew this
contract.  The primary reason for not renewing the contract was in
order for the Company to become a Vendor Approved Representative in order to
eliminate third and fourth party billing.  Kelyniam Global, Inc. is
currently in negotiations with other aircraft manufactures in the capacity of a
primary VAR in order to improve profitability.  The company will
profit from a substantial billing rate increase once a typical VAR purchase
order can be obtained.  The industry standard billing rate for the
type of personnel the company provides is around $110.00 per hour for each
engineer that the company provides.  The company will receive
approximately 50-60% of this billing rate in revenue generation per person
contracted at each facility.
 
 6
 Table of Contents
  Currently,
revenue is recognized for non-contractual consulting services.
 
 While we
cannot predict future performance, we believe opportunities exist for growth in
the United States and South America.  We are continually looking into
possible contracts or agreements, which could assist in the Company’s
growth.
 
 The
following comparisons in results of operations are based on the year ended
December 31, 2007 and 2006 as reflected in the financial statements included in
this prospectus.
 
 Revenues
from contractual and non-contractual consulting performed for the year ended
December 31, 2007 were $46,567, as compared to revenues of $69,250 from the year
ended December 31, 2006.  The Company did not have any formal contract
to perform consulting after May 10, 2007 which resulted in the reduction of
revenue during the year ended December 31, 2007.
 
 Operating
expenses for the year ended December 31, 2007 was $219,649 as compared to an
expense in the amount of $79,359 for the year ended December 31,
2006.  The primary components of operation expenses for the periods
were general and administrative expenses and professional fees.  The
overall increase of $140,290 for the year ended December 31, 2007 is attributed
to the Company’s continued day-to-day operations; a $16,888 increase in
professional fees, primarily due to fees incurred in order for the Company to
become a fully reporting publicly traded company; and an increase consulting
expense for shares issued to directors of the Company for services in the amount
of $100,000.
 
 The
Company had other expenses of $9,619 for the year ended December 31, 2007, as
compared to $35,078 for the year ended December 31, 2006.  The other
expenses primarily consist of interest expense and loss on sale of
securities.  The $1,636 increase in interest expense for the year
ended December 31, 2007 are primarily related to the Company incurring debt in
the acquisition of assets through financing. The $27,095 decrease in loss on
sale of securities for the year ended December 31, 2007 is attributed to
management’s decision to limit investments in marketable
securities.
 
 As a
result of the foregoing, we had a net loss for the year ended December 31, 2007
and 2006 of $182,701 and $45,187 respectively.
 
 Liquidity and Capital
Resources
 
 The
accompanying financial statements have been prepared on a going concern basis,
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business.  As reflected in the financial
statements, losses from December 30, 2005 (inception) to December 31, 2007
aggregated $227,888 and raise substantial doubt about the Company’s ability to
continue as a going concern.  The Company’s cash flow requirements
during this period have been met by contributions of capital and debt
financing.
 
 Management’s
plans include the potential expansion of its business. The Company anticipates
that financing will be required for further growth of the company, and
currently, no engagements have been made for this financing and the company
cannot determine if and when this financing could or will be made
available.  No assurance can be given that there will be sources of
financing available to the company.  If the Company is unable to
generate profits, or unable to obtain additional funds for its working capital
needs, it may have to cease operations.
 
 The
financial statements do not include any adjustments relating to the
recoverability and classification of assets or liabilities that might be
necessary should the Company be unable to continue as a going
concern.
 
 We are at
the initial stages of trying to meet the requirements of the SEC to become a
fully reporting company.  If we fail to meet these requirements, we
will be unable to secure a qualification for quotation of our securities on the
over the counter bulletin board, or if we have secured a qualification, may lose
the qualification and our securities would no longer trade on the over the
counter bulletin board.  Further, if we fail to meet these obligations
and as a consequence we fail to satisfy our SEC reporting obligations, investors
will now own stock in a company that does not provide the disclosure available
in quarterly and annual reports filed with the SEC and investors may have
increased difficulty in selling their stock as we will be
non-reporting.
 
 The
operating costs we incur consist primarily of rent, professional fees, insurance
premiums, consulting fees, and general and administrative
expenses.  Our ability to operate profitably in the future depends on
our ability to maintain non-contractual consulting services, obtain contracts in
the future, and to raise additional funds.  Additionally, we are
attempting to streamline our operations and reviewing other possible areas of
cost reductions.
 
 Our
office space is currently leased through a non-cancelable operating lease which
expires December 31, 2008.  Rental costs for the premises for the year
ended December 31, 2007 and 2006 were $5,891 and $4,208
respectively.  The minimum rental expense projected for fiscal 2008 is
$6,060.
 During
the year ended December 31, 2007 we had net cash from operating activities of
$331, as compared to $28,358 in the comparable period for the previous
year.  The decrease in cash from operating activities resulted from an
increase in the Company’s accounts payable due to accounting and legal fees
incurred during that period and a decrease in accounts receivable along with
non-cash charges for stock issued for services, depreciation of assets, and loss
on sale of securities and the Company’s net loss.
 
 7
 Table of Contents
  We had
net cash used provided by investing activities of $253 for the year ended
December 31, 2007, as compared to $40,758 used in the comparable period for the
previous year.  The net cash used in investing activities during both
year end periods resulted primarily from the purchase of marketable securities
and fixed assets and net borrowings from related parties offset from the sale of
marketable securities.
 
 We had
net cash provided by financing activities of $5,983 for the year ended December
31, 2007, as compared to $14,366 from financing activities in the comparable
period for the previous year.  The cash provided by financing
activities during the year ended December 31, 2007  and 2006 was
primarily a result of cash received from the issuance of common stock and stock
subscriptions received offset by the repayment of long-term debt.
 
 As a
result of the foregoing, the Company had a net increase of $6,567 in cash
resulting in a total cash of $8,533 for the year ended December 31, 2007, as
compared to a $1,966 increase and total for the comparable period for the
previous year.
 
 One of
the officer/directors of the Company has made interest free advances to the
Company.  At the Company’s inception in 2005, the officer contributed
office furnishings and equipment in the amount of $1,913.  During
Fiscal 2006, the officer made a loan to the Company, in the amount of $13,000,
by way of an automobile trade.  As of December 31, 2007, the balance
of this loan payable is $10,985.  The balance of this loan will be
paid as cash flow permits.
 
 Another
of the officer/directors of the Company has made interest free advances to the
Company. At the Company’s inception in 2005, the officer contributed computer
equipment in the amount of $3,000.  During Fiscal 2006, the officer
made a loan to the Company, in the amount of $20,000, by way of an automobile
trade.  As of December 31, 2007, the balance of this loan payable is
$12,781. The balance of this loan will be paid as cash flow
permits.
 
 The
Company had entered into notes payable for fixed assets in the amount of $40,098
during Fiscal 2006.  There were no additional purchases made in Fiscal
2007.  The notes payable incurred in 2006 are primarily for two
automobiles that are being repaid at an interest rate of 5.9% and both notes are
due to be paid in full by the year 2011.
 
 The
company has had only one contract, and at the time of this offering, the company
has no revenue generating contracts and because the company maintains almost
zero cash on hand,  there is significant possibility that the company
will not being able to continue as a going concern.
 
 Management
feels the ability for the company to grow and expand more rapidly is entirely
depended on the ability to raise additional funds in the future.  At
the same time, management also feels it is important to realize that we are a
new and developing company with a limited history of operations, revenue, and
cash on hand.
 
 The
revenue generated by the company for the year ended December 31, 2007 and 2006,
was used toward the repayment of debts incurred as a result of
operations.  The company will continue to maintain limited cash on
hand until all debts the company has incurred have been repaid.  The
company currently has a debt load of approximately $139,928.  The
Company’s ability to repay this debt is dependent on the Company’s ability to
obtain and maintain revenue generating contracts to provide engineering
consulting work in the future.
 
 The
company will be seeking additional contracts in the future and the hiring of
additional engineers.  Typically, a contract engineer in the United
States, with 5-10 years experience with a CADCAM engineering and manufacturing
background receives between $50 to $60 USD per hour.  In order to be
able to meet the kind of payroll necessary to add an additional, for example, 5
employees for 2007, and to be able to continue payroll through extended billing
cycles to clients of up to 120 days or more, a working capital larger than what
the company currently has on hand will be required.  In order for the
company to accomplish this growth, it will be necessary to raise additional
funds from an offering of our stock in the future.  However, this
offering may not occur, or if it occurs, may not raise the required funding for
the company’s growth.  Currently, the company does not have any plans
or specific agreements for new sources of funding or any planned material
acquisitions.  We have no agreements, commitments or understandings in
place concerning this type of offering.
 
 Our
ability to continue as a going concern is dependent on our ability to maintain
non-contractual consulting services, secure contracts in the future, and to
raise additional funds.  Our independent auditors have indicated that
there is substantial doubt about our ability to continue as a going concern over
the next twelve months. Our poor financial condition could inhibit our ability
to achieve our business plan. Because we have a limited history of operations,
an investor cannot determine if we will continue profitability and
growth.
 
 We have
not attained profitable operations and may be dependent upon obtaining financing
to pursue our long-term business plan. For these reasons our auditors stated in
their report that they have substantial doubt we will be able to continue as a
going concern.
 The
company recorded losses on the sales of marketable securities for year ended
December 31, 2007 and 2006, of $6,187 and $33,282 respectively.  The
substantial reduction in Fiscal 2007 is due to management’s decision to limit
investments in marketable securities until a more profitable situational occurs,
and a significant reduction of current liabilities has been
obtained.
 
 8
 Table of Contents
  Off-balance Sheet
Arrangements
 
 The
company currently has no Off-balance sheet arrangements.
 
 
 ITEM
      7.
              FINANCIAL STATEMENTS
 
 
 KELYNIAM
GLOBAL, INC.
 (Previously
Ketner Global Investments, Inc)
 (A
Development Stage Company, Date of Inception December 30, 2005)
 FINANCIAL
STATEMENTS
 DECEMBER
31, 2007




KELYNIAM
GLOBAL, INC.
 INDEX
TO FINANCIAL STATEMENTS
  PageReport
      of Independent Registered Public Accounting Firm
              F-1Balance
      Sheets
              F-2Statements
      of Operations and Comprehensive Loss
              F-3Statements
      of Changes in Stockholders’ Equity (Deficit)
              F-4Statements of Cash
      Flows
              F-5Notes
      to Financial Statements
              F-6
      – F-11
  9
 Table of Contents
  REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 To The
Board of Directors
 Kelyniam
Global, Inc.
 (A
Development Stage Company)
 
 We have
audited the accompanying balance sheets of Kelyniam Global, Inc. (a development
stage company) as of December 31, 2007 and 2006, and the related statements of
operations and comprehensive loss, changes in stockholders’ deficit and cash
flows for the years then ended and for the period from December 30, 2005
(inception) to December 31, 2007.  These financial statements are the
responsibility of the Company’s management.  Our responsibility is to
express an opinion on these financial statements based on our
audits.
 
 We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation.  We believe that our audits provide a reasonable basis
for our opinion.
 
 In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Kelyniam Global, Inc. as of
December 31, 2007, and 2006 and the results of its operations and its cash flows
for the years then ended and for the period from December 30, 2005 (inception)
to December 31, 2007 in conformity with accounting principles generally accepted
in the United States of America.
  The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern. As discussed in Note 1 to the financial statements,
the Company has incurred operating losses since inception and has a deficit of
stockholders' equity of $72,189, which raises substantial doubt about its
ability to continue as a going concern. Management's plans in regard to these
matters are also described in Note 1. The financial statements do not include
any adjustment that might result from the outcome of this
uncertainty.
  As
discussed in Note 10, the 2006 financial statements have been
restated.
  
 /s/ Malone & Bailey,
PC
 www.malone-bailey.com
 Houston,
Texas 77042
 
 February
22, 2008
  F-1
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 BALANCE
SHEETS
 As
of December 31, 2007 and 2006
 
 2007
              
              
              2006
      (as restated)ASSETSCURRENT
      ASSETSCash
      and cash equivalents
              
              $
              8,533
              
              
              $
              1,966Marketable
      securities
              
              
              --
              
              
              
              7,216Accounts
      receivable
              
              
              1,200
              
              
              
              1,344Total
      Current Assets
              
              
              9,733
              
              
              
              10,526Fixed
      assets, net of accumulated depreciation of $22,203, and $6,503
      respectively
              
              
              56,844
              
              
              
              72,544Other
      assets
              
              
              1,162
              
              
              
              486TOTAL
      ASSETS
              
              $
              67,739
              
              
              $
              83,556LIABILITIES
      AND SHAREHOLDERS’ EQUITY (DEFICIT)CURRENT
      LIABILITIESCurrent
      portion of notes payable
              
              $
              7,719
              
              
              $
              7,278Accounts
      payable and accrued expenses
              
              
              85,267
              
              
              
              35,590Loan
      payable – margin
              
              
              --
              
              
              
              0Loans
      payable – related parties
              
              
              23,766
              
              
              
              41,117Total
      Current Liabilities
              
              
              116,752
              
              
              
              83,985Notes
      payable, net of current portion
              
              
              23,176
              
              
              
              30,815TOTAL
      LIABILITIES
              
              
              139,928
              
              
              
              114,800SHAREHOLDERS’  DEFICITCommon
      stock, $.001 Par Value, 10,000,000  shares authorized
      9,513,800   and 8,698,680 shares issued and outstanding
      respectively
              
              
              9,513
              
              
              
              8,098Additional
      paid-in capital
              
              
              146,186
              
              
              
              5,089Accumulated
      other comprehensive income:Unrealized
      gain on available-for-sale securities
              
              
              --
              
              
              
              776Subscriptions
      receivable
              
              
              --
              
              
              
              (20
              )Retained
      deficit
              
              
              ( 227,888
              )
              
              
              ( 45,187
              )TOTAL
      SHAREHOLDERS’ DEFICIT
              
              
              ( 72,189
              )
              
              
              ( 31,244
              )TOTAL
      LIABILITIES AND SHAREHOLDERS’ DEFICIT
              
              $
              67,739
              
              
              $
              83,556
 
 The
accompanying notes are an integral part of the financial
statements.
  F-2
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company)
 STATEMENTS
OF OPERATIONS AND COMPREHENSIVE LOSS
 For
the Years ended December 31, 2007 and 2006 and for the Period
 From
Inception (December 30, 2005) to December 31, 2007
 
 Year
      Ended
                December
      31,
              
              
              From
      Inception Through December 31,2007
              
              
              2006
      (as restated)
              
              
              2007REVENUES
              
              $
              46,567
              
              
              $
              69,250
              
              
              $
              115,817OPERATING
      EXPENSESGeneral
      and administrative expenses
              
              
              63,761
              
              
              
              40,359
              
              
              
              104,120Professional
      fees
              
              
              55,888
              
              
              
              39,000
              
              
              
              94,888Consulting
      Expense
              
              
              100,000
              
              
              
              --
              
              
              
              100,000Total
      operating expenses
              
              
              219,649
              
              
              
              79,359
              
              
              
              299,008OPERATING
      LOSS
              
              
              (
      173,082
              )
              
              
              ( 10,109
              )
              
              
              (183,191
              )OTHER
      EXPENSEInterest
      expense (net)
              
              
              (3,432
              )
              
              
              (1,796
              )
              
              
              (5,228
              )Loss
      on sale of securities
              
              
              (6,187
              )
              
              
              (33,282
              )
              
              
              (39,469
              )Total
      other expense
              
              
              (9,619
              )
              
              
              (35,078
              )
              
              
              ( 44,697
              )NET
      LOSS
              
              $
              (182,701
              )
              
              $
              (45,187
              )
              
              $
              ( 227,888
              )Other
      comprehensive income (loss):Unrealized
      loss on investment securities
              
              
              (776
              )
              
              
              776
              
              
              
              --Total
      comprehensive loss
              
              $
              (183,477
              )
              
              $
              (44,411
              )
              
              $
              (227,888
              )Weighted
      average shares outstanding:Basic
      and diluted
              
              
              8,303,545
              
              
              
              8,081,678(Loss)
      available to common shareholders per shareBasic
      and diluted
              
              $
              (.02
              )
              
              $
              (
      .01
              )
 
 The
accompanying notes are an integral part of the financial
statements.
  F-3
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company)
 STATEMENT
OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
 For
the Period from Inception (December 30, 2005) through December 31,
2007
 
 Common
      Stock
              
              
              Subscriptions
      Receivable
              
              
              Additional
      Paid-In Capital
              
              
              Net
      Unrealized Gain on Investment Securities
              
              
              Accumulated
      Deficit
              
              
              TotalShares
              
              
              AmountBALANCE,
      DECEMBER 30, 2005 (Date of Inception)
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --Common
      stock issued
              
              
              8,000,000
              
              
              $
              8,000
              
              
              $
              (3,920
              )
              
              $
              (4,000
              )
              
              $
              --
              
              
              $
              --
              
              
              $
              80BALANCE,
      DECEMBER 31, 2005
              
              
              8,000,000
              
              
              
              8,000
              
              
              
              (3,920
              )
              
              
              (4,000
              )
              
              
              --
              
              
              
              --
              
              
              
              80Common
      stock issued for:Cash
              
              
              98,680
              
              
              
              98
              
              
              
              --
              
              
              
              9,089
              
              
              
              --
              
              
              
              --
              
              
              
              9,187Stock
      subscription received
              
              
              --
              
              
              
              --
              
              
              
              3,900
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              3,900AOCI
      - Net unrealized gain on available for sale securities
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              776
              
              
              
              --
              
              
              
              776Net
      loss
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              (45,187
              )
              
              
              (45,187
              )BALANCE,
      DECEMBER 31, 2006 (AS RESTATED)
              
              
              8,098,680
              
              
              
              8,098
              
              
              
              (20
              )
              
              
              5,089
              
              
              
              776
              
              
              
              (45,187
              )
              
              
              (31,244
              )Common
      stock retired
              
              
              (20,000
              )
              
              
              (20
              )
              
              
              --
              
              
              
              (980
              )
              
              
              --
              
              
              
              --
              
              
              
              (1,000
              )Common
      stock issued for:Cash
              
              
              315,120
              
              
              
              315
              
              
              
              --
              
              
              
              31,197
              
              
              
              --
              
              
              
              --
              
              
              
              31,512Services
              
              
              1,120,000
              
              
              
              1,120
              
              
              
              --
              
              
              
              110,880
              
              
              
              --
              
              
              
              --
              
              
              
              112,000Stock
      subscription received
              
              
              --
              
              
              
              --
              
              
              
              20
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              20AOCI
      - Net unrealized gain on available for sale securities
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              (776
              )
              
              
              --
              
              
              
              (
      776
              )Net
      loss
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              --
              
              
              
              (182,701
              )
              
              
              (182,701
              )BALANCE,
      DECEMBER 31, 2007
              
              
              9,513,800
              
              
              $
              9,513
              
              
              $
              --
              
              
              $
              146,186
              
              
              $
              --
              
              
              $
              (227,888
              )
              
              $
              (72,189
              )
 
 The
accompanying notes are an integral part of the financial
statements.
  F-4
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company)
 STATEMENTS
OF CASH FLOWS
 For
the Years ended December 31, 2007 and 2006 and for the Period
 From
Inception (December 30, 2005) through December 31, 2007
 
 Year
      Ended December 31,
              
              
              From
      Inception through December 31,2007
              
              
              2006
      (as restated)
              
              
              2007CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      Income (Loss)
              
              $
              (182,701
              )
              
              $
              (45,187
              )
              
              $
              (227,888
              )Adjustments
      to reconcile net loss to net cash provided by operating
      activities:Depreciation
              
              
              15,700
              
              
              
              6,503
              
              
              
              22,203Loss
      on sale of securities
              
              
              6,187
              
              
              
              33,282
              
              
              
              39,469Stock
      issued for services
              
              
              112,000
              
              
              
              --
              
              
              
              112,000CHANGES
      IN OPERATING ASSETS AND LIABILITIESAccounts
      receivable
              
              
              144
              
              
              
              (1,344
              )
              
              
              (1,200
              )Other
      assets
              
              
              (676
              )
              
              
              (486
              )
              
              
              (1,162
              )Accounts
      payable and accrued expenses
              
              
              49,677
              
              
              
              35,590
              
              
              
              85,267NET
      CASH FLOWS FROM OPERATING ACTIVITIES
              
              
              331
              
              
              
              28,358
              
              
              
              28,689CASH
      FLOWS FROM INVESTING ACTIVIESPurchase
      of marketable securities
              
              
              ( 13,234
              )
              
              
              (200,684
              )
              
              
              (213,918
              )Sale
      of marketable securities
              
              
              13,487
              
              
              
              160,962
              
              
              
              174,449Acquisition
      of fixed assets
              
              
              --
              
              
              
              ( 1,036
              )
              
              
              ( 1,036
              )NET
      CASH FLOWS FROM INVESTING ACTIVITIES
              
              
              253
              
              
              
              ( 40,758
              )
              
              
              ( 40,505
              )CASH
      FLOWS FROM FINANCING ACTIVITIESRepayments
      of loan payable-related party
              
              
              (17,351
              )
              
              
              3,284
              
              
              
              (14,067
              )Stock
      subscriptions received
              
              
              20
              
              
              
              3,900
              
              
              
              3,920Issuance
      of common stock
              
              
              31,512
              
              
              
              9,187
              
              
              
              39,699Retirement
      of common stock
              
              
              (1,000
              )
              
              
              --
              
              
              
              (1,000
              )Repayment
      of long term debt
              
              
              (
      7,145
              )
              
              
              (2,058
              )
              
              
              (9,203
              )Borrowings
      from loan payable
              
              
              ( 53
              )
              
              
              53
              
              
              
              --NET
      CASH FLOWS FROM FINANCING ACTIVITIES
              
              
              5,983
              
              
              
              14,366
              
              
              
              20,349NET
      INCREASE (DECREASE) IN CASH
              
              
              6,567
              
              
              
              1,966
              
              
              
              8,533CASH
      AT BEGINNING OF PERIOD
              
              
              1,966
              
              
              
              --
              
              
              
              --CASH
      AT END OF PERIOD
              
              $
              8,533
              
              
              $
              1,966
              
              
              $
              8,533SUPPLEMENTAL
      DISCLOSURE OF CASH FLOW INFORMATIONIncome
      taxes paid
              
              $
              --
              
              
              $
              --
              
              
              $
              --Interest
      paid
              
              $
              3,432
              
              
              $
              1,846
              
              
              $
              5,278NONCASH
      INVESTING AND FINANCING ACTIVITIESOfficer/Director
      loan for fix assets
              
              $
              --
              
              
              $
              33,000
              
              
              $
              37,913Fixed
      assets purchased through issuance of notes payable
              
              $
              --
              
              
              $
              40,098
              
              
              $
              40,098Stock
      issued for services
              
              $
              112,000
              
              
              $
              --
              
              
              $
              112,000
 
 The
accompanying notes are an integral part of the financial
statements.
  F-5
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE 1 -
              ORGANIZATION, DESCRIPTION OF
      COMPANY’S BUSINESS AND BASIS OF
  PRESENTATION
 
 Kelyniam
Global, Inc. was originally organized and incorporated under the name Ketner
Global Investments, Inc. in the state of Nevada on December 30, 2005. On January
1, 2006, the company formally commenced operations.  On December 5,
2007, the name was changed from Ketner Global Investments, Inc. to Kelyniam
Global, Inc.  The company’s address is 1100 North University Avenue,
Suite 135, Little Rock, Arkansas 72207.
  The
company is an engineering and management consulting company providing services
for, but not limited to, large scale manufacturing industries. The Company
offers a complete cradle to grave consulting service that encompasses all
disciplines of the Design, Engineering and Manufacturing process which
specializes in the use of CADCAM (Computer aided design computer aided
manufacturing), primarily in the aircraft and automotive
industries.  The Company also intends to invest in companies within
these industries in which engineering consultant work is provided
for.  Historically, the primary revenue generation has been done by
consulting for these larger firms.
 
 GOING
CONCERN
 
 The
accompanying financial statements have been prepared on a going concern basis,
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business.  As reflected in the financial
statements, losses from December 30, 2005 (inception) to December 31, 2007
aggregated $227,888 and raise substantial doubt about the Company’s ability to
continue as a going concern.  The Company’s cash flow requirements
during this period have been met by contributions of capital and debt
financing.
 
 Management’s
plans include the potential expansion of its business. The Company anticipates
that financing will be required for further growth of the company, and
currently, no engagements have been made for this financing and the company
cannot determine if and when this financing could or will be made
available.  No assurance can be given that there will be sources of
financing available to the company.  If the Company is unable to
generate profits, or unable to obtain additional funds for its working capital
needs, it may have to cease operations.
 
 The
financial statements do not include any adjustments relating to the
recoverability and classification of assets or liabilities that might be
necessary should the Company be unable to continue as a going
concern.
 
 Development Stage
Company
 
 As of
December 31, 2007, the Company has not produced significant revenues from its
engineering and management consulting services. Accordingly, the Company’s
activities have been accounted for as those of a “Development Stage Company” as
set forth in SFAS No. 7, “Accounting for Development Stage Entities.” Among the
disclosures required by SFAS No. 7 are that the Company’s financial statements
be identified as those of a development stage company. In addition, the
statements of operations, stockholders equity (deficit) and cash flows are
required to disclose all activity since the Company’s date of
inception.
 
 The
Company will continue to prepare its financial statements and related
disclosures in accordance with SFAS No. 7 until such time that the Company’s
services have generated significant revenues.
 
  Common Stock
Split
   On
December 10, 2007, the Company effected a two-for-one stock split. All share and
per share information has been retroactively adjusted to reflect the stock
split.
   NOTE
      2 -
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
 
 Revenue
Recognition
 
 The
Company recognizes revenue as services are performed. Currently, revenue is
recognized from non-contractual consulting services.  The Company
currently has no revenue generating contracts and all previous revenues reported
from April 17, 2006 through May 10, 2007, were pursuant to a contract providing
engineering consulting work for Dassault Falcon Jet, a major aircraft
manufacturer in Little Rock, Arkansas.  The contract was a “Time and
Material” type contract in which the Company  had been contracted to
help in the reduction of delivery times for aircraft produced at this facility
by providing engineer consulting personnel that specialize in this field. This
contract had been the major source of revenues for the Company, until the
contract was terminated.
  F-6
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE
      2 -
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)
 
 Revenue Recognition
Cont’d
 
 The
Company’s principal shareholders provide the consulting services on behalf of
the Company to generate revenues for the Company. The Company does not pay for
such services. Since the Company is at the early stage as a development stage
company, the Company does not impute service expenses.
 
 Marketable
Securities
 
 The
Company accounts for marketable securities in accordance with Statement of
Financial Accounting Standards (“SFAS”) No. 115 “Accounting for Certain
Investments in Debt, and Equity Securities”.  Under this standard,
certain investments in debt and equity securities are reported at fair
value.  The Company’s marketable securities, which consist primarily
of investments in the stock of public companies, are reported as securities
available for sale.  The unrealized gain (loss) on these securities is
reflected as a separate component of shareholders’ equity and any changes in
their value are included in the comprehensive loss.  As of December
31, 2007, the Company has closed the account that was used for investment
purposes.
 
 Cost used
in the computation of realized gains and losses is determined using the average
cost method.  There were sales of marketable securities during the
year ended December 31, 2007 in the amount of $13,487 resulting in net losses of
$6,187.  For the year ended December 31, 2006, there were sales of
marketable securities in the amount of $160,962, resulting in net losses of
$33,282.
 
 Depreciation and
Amortization
 
 Fixed
assets are recorded at cost.  Depreciation and amortization generally
are reported on a straight line method for the various assets as
follows:
  Furniture,
      fixtures and equipment
              7
      yearsComputer
      equipment
              5
      yearsAutomobile
              5
      years
 
 Maintenance
and repairs are expensed as incurred while renewals and betterments are
capitalized.
 
 
 Concentration of Credit
Risk
 
 Currently,
financial instruments that potentially subject the Company to concentrations of
credit risk consist principally of accounts receivable.  The Company
maintains substantially all of its cash balances in one financial
institution.  The balance is insured by the Federal Deposit Insurance
Corporation up to $100,000.  At December 31, 2007, the Company did not
have any uninsured cash balances, although the Company may exceed the limits at
times throughout the year.
 
 Fair Value of Financial
Instruments
 
 The
Company has a number of financial instruments.  The Company estimates
that the fair value of all financial instruments at December 31, 2007 and 2006
does not differ materially from the aggregate carrying values of these financial
instruments recorded in the accompanying balance sheets.  The
estimated fair value amounts have been determined by the Company using available
market information and appropriate valuation
methodologies.  Considerable judgment is necessarily required in
interpreting market data to develop the estimates of fair value, and,
accordingly, the estimates are not necessarily indicative of the amounts that
the Company could realize in a current market exchange.
 
 Income
Taxes
 
 Income
taxes are reported under the liability method pursuant to SFAS No. 109
“Accounting for Income Taxes”.  A valuation of allowance is provided
when the likelihood of realization of deferred tax assets is not
assured.
  F-7
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE
      2 -
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)
 
 Cash
Equivalents
 
 The
Company considers all highly liquid investments with an original maturity of
three months or less to be cash equivalents.
 
 Use of
Estimates
 
 The
preparation of the financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.
 
 Earnings (Loss) Per
Share
 
 The
Company calculates earnings (loss) per share in accordance with SFAS No. 128,
“Earnings Per Share”.  Basic earnings (loss) per share was computed by
dividing net income (loss) by the weighted average number of common shares
outstanding. At December 31, 2007 and 2006, there were no potentially dilutive
shares excluded from the calculation of earnings (loss) per
share.  The weighted average number of common shares
outstanding  reflects the two for one (2:1) forward stock split
effective December 10, 2007.
 
 Employee
Compensation
 
 The
Company financial statements reflect consulting services that includes a
compensation expense for employees.  As of December 31, 2007, the
Company has entered into an agreement with Ms. Michelle LynRay, (officer and
director) for a stock compensation package in which 400,000 additional shares
were issued to Ms. LynRay in exchange for services as rendered in the amount of
$40,000.
 
 Also, as
of December 31, 2007, an agreement was entered into with Mr. John Mastoloni,
(director) for a stock compensation package in which 600,000 additional shares
were issued to Mr. Mastoloni in exchange for services rendered in the amount of
$60,000.
 
 Share-Based
Payments
 
 The
Company accounts for transactions in which it issues equity instruments to
acquire goods or services from non-employees in accordance with the provisions
of SFAS No. 123R (as amended).  These transactions are accounted for
based on the fair value of the consideration received or the fair value of the
equity instruments issued, whichever is more reliably measurable.
 
 As of
December 31, 2007, the Company issued 60,000 (representing 120,000 shares after
the two for one (2:1) forward stock split) shares at $.20 per share for a dollar
amount of $12,000 for services rendered.  The $12,000 is included in
the Company’s operating expenses.
 
 Recent Accounting
Pronouncements
 
 The Company does not believe
recent accounting pronouncements have an material impact on its financial
statements.
 
 NOTE
      3 -
              FIXED
      ASSETS
  Fixed
assets consist of the following:
  December
      31,ITEM
              
              2007
              
              
              2006Furniture
      and fixtures
              
              $
              1,913
              
              
              $
              1,913Automobiles
              
              
              73,098
              
              
              
              73,098Computer
      Equipment
              
              
              4,036
              
              
              
              4,03679,047
              
              
              
              79,047Less
      depreciation
              
              
              22,203
              
              
              
              6,503Net
      fixed assets
              
              $
              56,844
              
              
              $
              72,544
  Depreciation
expense for the year ended December 31, 2007 and 2006 was $15,700 and $6,503
respectively.
  F-8
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE 4 -
              ISSUANCE OF COMMON
      STOCK
  The
Company incorporated December 30, 2005, with 10,000,000 shares of authorized
common stock with a par value of $.001.  During 2005, 8,000,000 shares
were issued to officers and directors of the Company.  During 2006,
the Company sold 98,680 shares of common stock at various prices per share, in
private sales, in order to finance the Company’s initial
operations.
 
 From
August 10, 2007, through the year ended December 31, 2007, the company sold
approximately 1,435,120 additional shares to approximately 37 new shareholders
at $.10 per share. Of this total, 120,000 shares were issued in exchange for
services and 1,000,000 were issued to directors of the Company as a compensation
package.
 
 The
Company caused to be in effect a two for one (2:1) forward stock split with the
certificates of record as of December 10, 2007.
 
 NOTE
      5 -
              INCOME
      TAXES
  Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amount of assets and liabilities for financial reporting purposes and
the amounts used for income tax purposes using the enacted tax rates in effect
in the years in which the differences are expected to
reverse.  Because of the questionable ability of the Company to
utilize these deferred tax assets, the Company has established a 100% valuation
allowance for these assets.
 
 As of
December 31, 2007 and 2006, the Company’s deferred income taxes are comprised of
the following:
 
 December
      31,2007
              
              
              2006Deferred
      tax assetsNet
      operating losses
              
              $
              24,162
              
              
              $
              1,556Capital
      loss
              
              
              13,419
              
              
              
              11,316Depreciation
              
              
              1,306
              
              
              
              466Total
      deferred tax assets
              
              
              38,887
              
              
              
              13,338Valuation
      allowance
              
              
              (38,887
              )
              
              
              (13,338
              )Deferred
      tax assets
              
              $
              --
              
              
              $
              --
 
 December
      31,2007
              
              
              2006Net
      loss
              
              $
              182,701
              
              
              $
              45,187Permanent
      differences-nondeductible book losses
              
              
              (107,557
              )
              
              
              (5958
              )Adjusted
      tax net loss
              
              
              75,144
              
              
              
              39,229At
      34% Federal tax rate
              
              
              25,549
              
              
              
              13,338Change
      in valuation allowance
              
              
              (25,549
              )
              
              
              (13,338
              )Income
      tax expense
              
              $
              - 0 -
              
              
              $
              - 0 -
  F-9
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE
      5 -
              INCOME
      TAXES (CONTINUED)
 
 At
December 31, 2007, the Company had net operating loss carry forwards and capital
loss carry forwards of approximately $63,500 and $6,187 for federal and state
purposes, which expire through 2026 and 2011, respectively.  At
December 31, 2006, the Company had net operating loss carry forwards and capital
loss carry forwards of approximately $7,500 and $33,282 for federal and state
purposes, which expire through 2026 and 2011, respectively.  The
utilization of the operating loss carry forward may be limited based upon
changes in ownership as defined in the Internal Revenue Code. The capital loss
carry forward is limited to the offset against future capital gains, if
any.
 
 
 NOTE
      6 -
              RENTAL
      COMMITMENTS
 
 The
Company leases its current office space through a noncancelable operating lease
which expires December 31, 2008.  During 2006, the Company occupied
space that was previously occupied by an entity owned by one of the officers of
the Company. The Company paid the rent for these facilities pursuant to the
lease in effect with the officer’s entity. Rental expense for the year ended
December 31, 2007 was $5,891 and for the year ended 2006 was
$4,208.
 
 The
minimum rental payments for year ended 2008 is $6,060.
 
 NOTE
      7-
              MAJOR
      CUSTOMERS
  The
Company has had only one contractual customer which accounts for virtually all
of revenues and accounts receivable for the year ended December 31,
2007.
 
 
 NOTE 8 -
              LONG-TERM
    DEBT
  The
Company’s long-term debt consists of the following:
 
 Description
              
              Interest Rate
              Due Date
              
              December 31, 2007Automobile
      loan payable in monthly installments of $370.68 including interest,
      collateralized by the automobile
              
              5.9%
              2011
              
              $
              14,620Automobile
      loan payable in monthly installments of $403.89 including interest,
      collateralized by the automobile
              
              5.9%
              2011
              
              
              16,27530,895Less:
      current notes payable
              
              
              
              
              
              7,719$
              23,176
 
 Long-term
debt matures as follows:
 
 The year
ended December 31,
 
 2008
              
              $
              7,7192009
              
              
              8,1872010
              
              
              8,6832011
              
              
              6,306Total
              
              $
              30,895
  F-10
 Table of Contents
  KELYNIAM
GLOBAL, INC.
 (A
Development Stage Company, Date of Inception December 30, 2005)
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2007
 
 NOTE 9-
              RELATED PARTY
      TRANSACTIONS
  One of
the officer/directors of the Company has made interest free advances to the
Company. During 2005, the officer contributed office furnishings and equipment
in the amount of $1,913.  During 2006, the officer made a loan to the
Company, in the amount of $13,000, by way of an automobile trade.  As
of December 31, 2007, the balance of this loan payable is
$10,985.  The balance of this loan will be paid as cash flow
permits.
 
 Another
of the officer/directors of the Company has made interest free advances to the
Company. During 2005, the officer contributed computer equipment in the amount
of $3,000.  During 2006, the officer made a loan to the Company, in
the amount of $20,000, by way of an automobile trade.  As of December
31, 2007, the balance of this loan payable is $12,781.  The balance of
this loan will be paid as cash flow permits.
 
 NOTE 10-
              RESTATEMENT
 
 
 Subsequent
to the issuance of the Company’s 2006 combined financial statements, the
Company’s management determined that corrections were required to the previously
reported financial statements to correct some errors in accounting for stocks
issues for services. As a result, the balance sheet as of December 31, 2006 and
statements of operations and comprehensive income for the year then ended have
been restated from the amounts previously reported.
 
 As
      previously stated
              
              
              As
      restatedBALANCE
      SHEET AT 12/31/2006Loans
      payable – related parties – current
              
              $
              35,117
              
              
              $
              41,117Additional
      paid-in capital
              
              
              83,838
              
              
              
              5,089Retained
      deficit
              
              
              ( 114,186
              )
              
              
              ( 45,187
              )STATEMENT
      OF OPERATIONS AND COMPREHENSIVE INCOMEConsulting
      Expense
              
              $
              69,000
              
              
              $
              --Net
      loss
              
              
              (114,186
              )
              
              
              ( 45,187
              )Total
      comprehensive loss
              
              
              (183,477
              )
              
              
              (113,410
              )
  F-11
 Table of Contents
  ITEM
      8.
              CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
      FINANCIAL DISCLOSURE.
 
 None.
 
 ITEM
      8A.
              CONTROL
      AND PROCEDURES
 
 Evaluation of Disclosure
Controls and Procedures
 
 Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2007. Based
on this evaluation, our principal executive officer and principal financial
officer have concluded that our disclosure controls and procedures are effective
to ensure that information required to be disclosed by us in the reports we file
or submit under the Exchange Act is recorded, processed, summarized, and
reported within the time periods specified in the Securities and Exchange
Commission's rules and forms and that our disclosure and controls are designed
to ensure that information required to be disclosed by us in the reports that we
file or submit under the Exchange Act is accumulated and communicated to our
management, including our principal executive officer and principal financial
officer, or persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.
 
 Changes in Internal
Controls
 
 There
were no changes (including corrective actions with regard to significant
deficiencies or material weaknesses) in our internal controls over financial
reporting that occurred during the fourth quarter of fiscal 2007 that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.
  ITEM
      8B.
              OTHER INFORMATION
  None.
 PART III
  ITEM
      9.
              DIRECTORS,
      EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS AND
      CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE
      ACT
  The board
of directors elects our executive officers annually. A majority vote of the
directors who are in office is required to fill vacancies. Each director shall
be elected for the term of one year, and until his successor is elected and
qualified, or until his earlier resignation or removal. Our directors and
executive officers are as follows:
 
 Name
              Age
              PositionJames
      Ketner
              42
              President/CEO/ChairmanMichelle
      LynRay
              35
              Secretary/Treasurer/DirectorJohn
      Mastoloni
              39
              VP/DirectorAlexander
      Borges dos Santos
              54
              VP/Director
  Mr.
Ketner joined us in December 2005 as the President, CEO and Chairman of the
Board of directors.  He has served as an engineering consultant for
large fortune 500 companies for the last 19 years.  Mr. Ketner
directed a privately owned company for 14 years before going into
semi-retirement in 2002.  In his capacity as President and CEO, Mr.
Ketner currently devotes approximately 100% of his time to our business and
anticipates that during the next 12 months he will devote approximately 100% of
his time to our business. Mr. Ketner will continue to be able to devote the time
necessary to Kelyniam Global, Inc. to assure successful implementation of our
business plan.
  Ms.
LynRay joined us in May 2006.  For over 9 years, she directed as an
owner, operator, and manager of a privately held small business.  She
has a successful track record of directing a business to achieve profitability
and growth through marketing, sales and management skills.  In her
capacity as Secretary/Treasurer/Director, Ms. LynRay currently devotes
approximately 100% of her time to our business and anticipates that during the
next 12 months she will devote approximately 100% of her time to our
business.
  Mr.
Mastoloni joined us in December 2005.  He has over 16 years of
experience consulting companies to achieve their goals in today’s high end
rendering and computing environments. Mr. Mastoloni founded M2 systems in 1997,
a company which initially provided services to the jewelry
industry.  Mr. Mastoloni diversified M2 systems into a multi faceted
company which touches many different industries such as medical, aerospace,
automotive, and various manufacturing and design corporations as well as the
jewelry industry. Mr. Mastoloni currently has a limited participation in
Kelyniam Global, Inc. but will be devoting more of his time in the near
future.
  10
 Table of Contents
  Mr.
Borges joined us in December 2005.  He has over 29 years of experience
as an architectural engineer in the design and construction
industry.  He has a proven track record of managing projects from
initial conception to project management, while maintaining organization,
scheduling, and project financing.  Mr. Borges has been a consultant
for several architectural firms in New York City.  Mr. Borges
currently has a limited participation in Kelyniam Global, Inc. but will be
devoting more of his time in the near future as the company’s South American
operations mature.
  Term of
Office
  Our
directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws. Our officers are appointed by our board of directors and hold
office until removed by the board.
 
 Significant
Employees
 
 None.
 
 Family
Relationships
 
 No family
relationships exist among our directors or executive officers.
 
 Involvement in Certain Legal
Proceedings
  To our
knowledge, during the past five years, none of our directors, executive
officers, promoters, control persons, or nominees has been:
  •
              the subject of any 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;
 
 •
              convicted in a criminal
      proceeding or is subject to a pending criminal proceeding (excluding
      traffic violations and other minor
  offenses);
 
 •
              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;
or
 
 •
              found by a court of competent
      jurisdiction (in a civil action), the Commission or the Commodity Futures
      Trading Commission to have violated a federal or state securities or
      commodities law.
 
 Compliance with Section
16(a) of the Exchange Act
  Section
16(a) of the Securities Exchange Act of 1934 requires the Company's officers and
directors, and persons who own more than 10 percent of a registered class of the
Company's equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission (SEC). Officers,
directors, and greater than 10 percent stockholders are required by SEC
regulation to furnish the Company with copies of all Section 16(a) forms they
file.
 
 To the
Company's knowledge, based solely on a review of the copies of such reports
furnished to the Company, all reports under Section 16(a) required to be filed
by its officers and directors and greater than ten percent beneficial owners
were timely filed as of the date of this filing.
  ITEM
      10.
              EXECUTIVE
      COMPENSATION
  Compensation of Executive
Officers
 
 As of
December 31, 2007, the Company has entered into an agreement with Ms. Michelle
LynRay, (officer and director) for a stock compensation package in which 400,000
(post split) additional shares were issued to Ms. LynRay in exchange for
services as rendered in the amount of $40,000.
  Also, as
of December 31, 2007, an agreement was entered into with Mr. John Mastoloni,
(director) for a stock compensation package in which 600,000 (post split)
additional shares were issued to Mr. Mastoloni in exchange for services rendered
in the amount of $60,000.
 
 Outstanding Equity Awards at
Fiscal Year-End
 
 There
were no individual grants of stock options to purchase our common stock made to
the named executive officers in the Summary Compensation Table during the fiscal
year ended December 31, 2007, and the subsequent period up to the date of the
filing of this prospectus.
  11
 Table of Contents
  Employment
Agreements
  The
Company does not currently have any employment agreements.
 
 Compensation of
Directors
  For the
fiscal year ended December 31, 2007, we did not compensate our directors for
their services.
  ITEM
      11.
              SECURITY
      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
      AND RELATED STOCKHOLDER MATTERS
 
 The
information presented below regarding beneficial ownership of our voting
securities has been presented in accordance with the rules of the Securities and
Exchange Commission and is not necessarily indicative of ownership for any other
purpose. Under these rules, a person is deemed to be a "beneficial owner" of a
security if that person has or shares the power to vote or direct the voting of
the security or the power to dispose or direct the disposition of the security.
A person is deemed to own beneficially any security as to which such person has
the right to acquire sole or shared voting or investment power within 60 days
through the conversion or exercise of any convertible security, warrant, option
or other right. More than one person may be deemed to be a beneficial owner of
the same securities. The percentage of beneficial ownership by any person as of
a particular date is calculated by dividing the number of shares beneficially
owned by such person, which includes the number of shares as to which such
person has the right to acquire voting or investment power within 60 days, by
the sum of the number of shares outstanding as of such date plus the number of
shares as to which such person has the right to acquire voting or investment
power within 60 days. Consequently, the denominator used for calculating such
percentage may be different for each beneficial owner. Except as otherwise
indicated below and under applicable community property laws, we believe that
the beneficial owners of our common stock listed below have sole voting and
investment power with respect to the shares shown. The business address for all
persons is 1100 North University Avenue, Suite 135, Little Rock, Arkansas
72207.
 
 Shareholders
              # of
      Shares
              PercentageJames
      Ketner
              7,800,000
              82%Michelle
      LynRay
              560,000
              6%John
      Mastoloni
              690,000
              7%Alexander
      Borges dos Santos
              20,000
              Less
      than 1%Directors
      and Executive Officers as a Group
              9,070,000
              95%
 
 Stock
Option Grants
  We have
not granted any stock options to our executive officer since our
incorporation.
 
 ITEM
      12.
              CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
      INDEPENDENCE
 
 None
 
 ITEM
      13.
              EXHIBITS
 
 
 EXHIBITSItem
      3
              (i)
              Articles
      of Incorporation of Kelyniam Global, Inc. (1)(ii)
              Bylaws
      of Kelyniam Global, Inc. (2)1.
              Certification
      of the Chief Executive Officer and Chief Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.
Attached.2.
              Certification
      of the Chief Executive Officer and
      Chief Financial Officer pursuant to U.S.C. Section 1350 as
      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002.Item
      5
              1.
              Consent
      of Malone & Bailey
  All other
Exhibits called for by Rule 601 of Regulation SB-2 or SK are not applicable to
this filing.
  (1)
              Incorporated by reference to Form
      DEF 14C filed with commission on November 5,
  2007.
 (2)
              Incorporated by reference to Form
      SB-2 filed with the commission on  November 20,
      2006.
  12
 Table of Contents
  ITEM
      14.
              PRINCIPAL ACCOUNTING FEES AND
  SERVICES
  Audit
Fees
  For our
fiscal year ended December 31, 2007, we were billed approximately $35,000 for
professional services rendered for the audit and reviews of our financial
statements.
  Tax Fees
  For our
fiscal years ended December 31, 2007 and 2006, we were not billed for
professional services rendered for tax compliance, tax advice, and tax
planning.
 
 All Other
Fees
  The
Company did not incur any other fees related to services rendered by our
principal accountant for the fiscal year ended December 31, 2007.
 
 
 SIGNATURES
 
 In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
 
  Dated:
      3/11/2008
              KELYNIAM
      GLOBAL, INC./s/James
      KetnerJames
      KetnerPresident/CEO/Chairman
                Principal
      Financial Officer and Principal Accounting
  Officer
 
 Dated:
      3/11/2008
              /s/Michelle
      LynRayMichelle
      LynRaySecretary/Treasurer/Director
   13