UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10 - KSB/A

(Mark One)

[ x ]    ANNUAL REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Period year ended July 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: 333-136981

Revo Ventures Inc.

----------------------------------------------

(Exact name of small business issuer as specified in its
charter)

Nevada
    N/A(State or other jurisdiction of incorporation
      or organization)
    (IRS Employer
Number)


Post Office 020, Lu Yuan District

Chang Chun, Ji Lin

Chang Chun, China, 130062

----------------------------------------------------------

(Address of principal executive office)

139-4303-4459

----------------------------------

(Issuer's telephone number)

N/A

-----------------

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



Securities registered under Section 12(b) of the Exchange Act:
None

Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $0.001

Check whether the issuer (1) filed all reports required to
      be filed by Section 13 or 15(d) of the Exchange Act during the past 12
      months (or for such shorter period that that the registrant was required
      to file such reports), and (2) has been subject to such filing
      requirements for the past 90 days.
    Yes [ x ]
    No  [    ]Check if there is no disclosure of delinquent filers in
      response to Item 405 Regulation S-B is not containing 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 amendments to this Form 10-KSB
    [     ]Indicate by check mark whether the company is a shell
      company (as defined in Rule12b-2 of the Exchange Act)
    Yes [ x ]
    No [ ] State issuer's revenues for its most recent fiscal year
-$0 State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which
the common equity was sold, or the average bid and asked price of such common
equity, as of a specified date within the past 60 days. (See definition of
affiliate in Rule 12b-2 of the Exchange Act.)


Aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference as of July 31, 2007 is $21,000.

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.

As of July 31, 2007, there are 7,100,000common
shares outstanding.

Transitional Small Business Disclosure Format (Check One):
Yes [   ]  No[ x ]

Explanatory Note: This amendment to
the Company's Quarterly Report on Form 10-Q for the period ended July 31, 2007
has been

filed to indicate that in Note 3
under Notes to Financials Statements has been revised because it indicates that
common shares were sold 
pursuant to a private placement memorandum, however, it should read: the Company
sold 2,100,00 common shares pursuant to a 
registration statement.



1





REVO VENTURES INC.

FORM 10-KSB

For the Fiscal Year ended July 31, 2007

Table of Contents



Part I

Item
1.        Description of Business

Item
2.        Description of Property

Item
3.        Legal Proceedings

Item
4.        Submission of Matters to a vote of
Security Holders

Part II

Item
5.        Market for Common Equity and
Related Stockholder Matters

Item
6.        Management's Discussion and
Analysis or Plan of Operation

Item
7.        Financial Statements

Item
8.        Changes In and Disagreements with
Accountants on Accounting and Financial Disclosure

Item
8A.     Controls and Procedures

Item
8B.     Other Information

Part III

Item
9.        Directors, Executive Officers,
Promoters and Control Persons; Compliance with Section 16(a) of the Exchange
Act

Item
10.      Executive Compensation

Item
11.      Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

Item
12.      Certain Relationships and Related
Transactions

Item
13.      Exhibits

Item
14.      Principal Accountants Fees and Services

Signatures



2



FORWARD LOOKING STATEMENTS

CERTAIN STATEMENTS IN THIS ANNUAL REPORT ON FORM 10-KSB, OR
THE "REPORT," ARE "FORWARD-LOOKING STATEMENTS." THESE FORWARD-LOOKING STATEMENTS
INCLUDE, BUT ARE  NOT LIMITED TO, STATEMENTS ABOUT THE PLANS, OBJECTIVES,
EXPECTATIONS AND INTENTIONS OF REVO VENTURES  INC., A NEVADA CORPORATION
AND OTHER STATEMENTS CONTAINED IN THIS REPORT THAT ARE NOT HISTORICAL FACTS.
FORWARD-LOOKING STATEMENTS IN THIS REPORT OR HEREAFTER INCLUDED IN OTHER
PUBLICLY AVAILABLE DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION,
OR THE "COMMISSION," REPORTS TO OUR SHAREHOLDERS AND OTHER PUBLICLY AVAILABLE
STATEMENTS ISSUED OR RELEASED BY US INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS WHICH COULD CAUSE OUR ACTUAL RESULTS,
PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURE
RESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED OR
IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FUTURE RESULTS ARE BASED UPON
MANAGEMENT'S BEST ESTIMATES BASED UPON CURRENT CONDITIONS AND THE MOST RECENT
RESULTS OF OPERATIONS. WHEN USED IN THIS REPORT, THE WORDS "EXPECT,"
"ANTICIPATE," "INTEND," "PLAN," "BELIEVE," "SEEK," "ESTIMATE" AND SIMILAR
EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS,
BECAUSE THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. THERE
ARE IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS, INCLUDING OUR
PLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS AND OTHER FACTORS.





PART I

Item 1.    Description of Business

Revo Ventures Inc. was incorporated in
the state of Nevada on April 17, 2006. We intend to commence operations as a
software developer which will create  parental filter software for restricting
computer and Internet access on a personal computer. The initial region we plan
to market our website to is the Chinese domestic market. We currently have
signed a contract with a Chinese web developer to create and develop our
company's web front. We expect that our website will complete the beta phase of
development by the end of December 2007. We currently have not advanced beyond
the business plan state from our inception until the date of this filing. We
plan to raise initial seed financing through the sale of our common shares as
described in this offering. The initial seed financing will be put towards
developing the company's website, designing and writing the software, and paying
for costs related to registering the Company's common stock for public sale. We
anticipate that in order for us to begin commercialization and retail sale of
our software, we will need to raise additional capital. We currently do not have
any specific plans to raise these funds.

Item 2:    Description of Property

The Company's headquarters and executive offices are located at Post Office
020, Lu Yuan District, Chang Chun, Jin Lin, China, 130062. Our telephone number
is 139-4303-4459.

Item 3:     Legal Proceedings

There are no existing, pending or threatened
legal proceedings involving Revo Ventures Inc., or against any of our officers
or directors as a result of their involvement with the Company.



As of July 31, 2007, the Company does not
retain a legal counsel.

Item 4:      Submission of Matters to a Vote of
Security Holders

There were no matters submitted to a vote of security holders during the
fiscal period ended July 31, 2007.



PART II

Item 5:    Market for Common Equity, Related
Stockholder Matters and Small Business Issuer Purchases of Equity
Securities

The Company's Common stock is presently listed on the OTC Bulletin Board
under the symbol "REVO". Our common stock has been listed on the OTC Bulletin
Board since September 2007. There is currently no active trading in our common
stock and there has been no active trading since our common stock has been
listed on the OTC Bulletin Board.

As of July 31, 2007, there were approximately 32 stockholders of record of
the Company's Common Stock.

The Company has not paid any cash dividends to date, and it has no intention
of paying any cash dividends on its common stock in the foreseeable future. The
declaration and payment of dividends is subject to the discretion of its Board
of Directors. The timing, amount and form of dividends, if any, will depend on,
among other things, results of operations, financial condition, cash
requirements and other factors deemed relevant by the Board of Directors.

There are no outstanding options or warrants or convertible securities to
purchase our common equity.

The Company has never issued securities under and does not have any equity
compensation plan.

5



Item 6:     Management's Discussion and Analysis or
Plan of Operation

The following discussion and analysis provides information which management
of Revo Ventures Inc. (the "Company") believes to be relevant to an assessment
and understanding of the Company's results of operations and financial
condition. This discussion should be read together with the Company's financial
statements and the notes to financial statements, which are included in this
report.

Overview

Revo Ventures Inc. was incorporated in
the state of Nevada on April 17, 2006. We intend to commence operations as a
software developer which will create  parental filter software for restricting
computer and Internet access on a personal computer. The initial region we plan
to market our website to is the Chinese domestic market. We currently have
signed a contract with a Chinese web developer to create and develop our
company's web front. We expect that our website will complete the beta phase of
development by the end of December 2007. We currently have not advanced beyond
the business plan state from our inception until the date of this filing. We
plan to raise initial seed financing through the sale of our common shares as
described in this offering. The initial seed financing will be put towards
developing the company's website, designing and writing the software, and paying
for costs related to registering the Company's common stock for public sale. We
anticipate that in order for us to begin commercialization and retail sale of
our software, we will need to raise additional capital. We currently do not have
any specific plans to raise these funds.

Results of Operations

Revenues

There were no revenues generated for the fiscal period ended July 31, 2007
and no revenues have been earned by the Company since it's inception. We do not
expect to be generating revenues until the 2nd phase of the Company's website is
complete and commercialization of the Company's product and services can begin.

General & Administrative Expenses

General and administrative expenses totaled $27,227 for the fiscal year
ended July 31, 2007. This is compared to general and administrative expenses
totaling $2,825 for the period from inception, April 17, 2006 to July 31, 2006. This
increase in general and administrative
expenses is largely attributed to an increase in fees paid for professional services
related to registering the Company for publicly trading. The professional fees incurred
are expected to be one-time fees and management does not
expect them to be recurring in the future.

We experienced a net loss of $27,227 for the fiscal year ended
July 31, 2006 compared to a net loss of $2,825
for the period from inception, April 17, 2006 to July 31, 2006.

Liquidity and Capital Resources

As of July 31, 2007, the Company had cash of $5,078. Management does not
expect that the current level of cash on hand will be sufficient to fund our
operation for the next twelve month period. In the event that additional funds
are required to maintain operations, our officers and directors have agreed to
advance us sufficient capital to allow us to continue operations. We may also be
able to obtain loans from our shareholders, but there are no agreements or
understandings in place currently.

We believe that we will require additional funding to expand our business and
ensure its future profitability. We anticipate that any additional funding will
be in the form of equity financing from the sale of our common stock. However,
we do not have any agreements in place for any future equity financing. In the
event we are not successful in selling our common stock, we may also seek to
obtain short-term loans from our director.

Item 7:    Financial Statements

The financial statements required to be filed pursuant to this
Item 7 begin on page F-1 of this report.

Item 8:    Changes In Disagreements With Accountants on
Accounting and Financial Disclosure

The Financial Statements of the Company have been audited by
McElravy, Kinchen & Associates, P.C. for the fiscal year ended July 31, 2007 and
Gordon K.W. Gee Ltd., Chartered Accoutant for the 
period from inception April 17, 2006 to July 31, 2006. There have been no changes in or disagreements with
either McElravy, Kinchen & Associates, P.C. or Gordon K.W. Gee Ltd., Chartered
Accountant, on accounting and financial disclosure matters at any
time.

Item 8A: Controls and Procedures

Our Chief Executive Officer, President, and Chief Financial
Officer (the "Certifying Officers") are responsible for establishing and
maintaining disclosure controls and procedures for the Company. The Certifying
Officers have designed such disclosure controls and procedures to ensure that
material information is made known to them, particularly during the period in
which this report was prepared. The Certifying Officers have evaluated the
effectiveness of the Company's disclosure controls and procedures within 90 days
of the date of this report and believe that the Company's disclosure controls
and procedures are effective based on the required evaluation. There have been
no significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of their
evaluation, including any corrective actions with regard to significant deficiencies
and material weaknesses.

Item 8B: Other Information

None

Item 9:    Directors, Executive Officers,
Promoters and Control Persons; Compliance with Section 16(a) of the Exchange
Act

Officers and Directors

Each of our directors serves until his or her successor is elected and
qualified. Each of our officers is elected by the board of directors to a term
of one (1) year and serves until his or her successor is duly elected and
qualified, or until he or she is removed from office. The board of directors has
no nominating, auditing or compensation committees.

The name, age, and position of our present officers and directors
are set forth below:

Name
    Age
    Position HeldJianbin Chen
    34
    President, Principal Executive Officer, Principal
      Financial Officer, Principal Accounting Officer, Treasurer, Secretary, and
      Director


Each director serves until our next annual meeting of the stockholders or
unless they resign earlier. The Board of Directors elects officers and their
terms of office are at the discretion of the Board of Directors.

Background of officers and directors

Jianbin Chen has been our president, principal executive officer, principal
financial officer, principal accounting officer, treasurer and a director since
our inception on April 17, 2006. In 1996,  Mr. Chen graduated from Qing Dao
University in Qing Dao, Shan Dong with a bachelor's degree in computer science
focusing on software programming. From 1998 to 2002, Mr. Chen was a software
programmer/developer at Tian Wei Software in Da Lian, Liao Ning. Mr. Chen's
focus at Tian Wei Software was in writing educational software programs and
tools for young children and university students. From 2003 to the present date,
Mr. Chen has been working as an independent consultant assisting small
businesses and corporations in China design and write customized software
solutions for businesses.

Audit Committee Financial Expert

We do not have an audit committee financial expert. We do not have an audit
committee financial expert because we believe the cost related to retaining a
financial expert at this time is prohibitive. Further, because we are only
beginning our commercial operations, at the present time, we believe the
services of a financial expert are not warranted.

Conflicts of Interest

The only conflict that we foresee is that our officers and directors devote
time to projects that do not involve us.

SECTION 16(A) BENEFICIAL OWNER REPORTING
COMPLIANCE

Section 16(a) of the Securities and Exchange Act of
1934 requires that the Company's directors, executive officers, and persons who
own more than 10% of registered class of the Company's equity securities, or
file with the Securities and Exchange Commission (SEC), initial reports of
ownership and report of changes in ownership of common stock and other equity
securities of the Company. Officers, directors, and greater than 10% beneficial
owners are required by SEC regulation to furnish the Company with copies of all
Section 16(a) reports they file. As of the fiscal year ending July 31,
2007, Form 3 reports were not timely filed by Jianbin Chen, the Company's
President.

Code of Ethics

The Company has adopted code of ethics for all of the
employees, directors and officers which is attached to this Annual Report as
Exhibit 14.1.

Item 10:    Executive Compensation

The following table sets forth information with respect to compensation paid
by us to our officers and directors during the four most recent fiscal years.
This information includes the dollar value of base salaries, bonus awards and
number of stock options granted, and certain other compensation, if any.

|Summary Compensation
      Table             
|---------------------------------------------
|                                             
|                                             
|(a)                                          
|Name and Principal Position (1)              
|Jianbin Chen                                 
|President, Treasurer, Secretary, and Director



[1]     All compensation received by the officers and directors has
been disclosed.

Option/SAR Grants

There are no stock option, retirement, pension, or profit sharing plans for
the benefit of our officers and directors.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans. 9

Compensation of Directors

We do not have any plans to pay our directors any money.

Indemnification

Under our Articles of Incorporation and Bylaws of the corporation, we may
indemnify an officer or director who is made a party to any proceeding,
including a law suit, because of his position, if he acted in good faith and in
a manner he reasonably believed to be in our best interest. We may advance
expenses incurred in defending a proceeding. To the extent that the officer or
director is successful on the merits in a proceeding as to which he is to be
indemnified, we must indemnify him against all expenses incurred, including
attorney's fees. With respect to a derivative action, indemnity may be made only
for expenses actually and reasonably incurred in defending the proceeding, and
if the officer or director is judged liable, only by a court order. The
indemnification is intended to be to the fullest extent permitted by the laws of
the State of Nevada.

Regarding indemnification for liabilities arising under the Securities Act of
1933, which may be permitted to directors or officers under Nevada law, we are
informed that, in the opinion of the Securities and Exchange Commission,
indemnification is against public policy, as expressed in the Act and is,
therefore, unenforceable.

Item 11: Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder Matters

The following table sets forth, as of the date of this prospectus, the total
number of shares owned beneficially by each of our directors, officers and key
employees, individually and as a group, and the present owners of 5% or more of
our total outstanding shares. The table also reflects what their ownership will
be assuming completion of the sale of all shares in this offering. The
stockholders listed below have direct ownership of his/her shares and possess
sole voting and dispositive power with respect to the shares. The address for
each person is our address at Post Office 020, Lu Yuan District, Chang Chun, Jin
Lin, China, 130062.

Name of Beneficial Owner
    Direct Amount of Beneficial Owner
    Position
    Percent of ClassJianbin Chen
    5,000,000
    President, Principal Executive Officer, Principal
      , Principal Accounting Officer, Treasurer, Secretary, and
      Director
    70.4%All officers and directors as a Group (1
      person)
    
    
    70.4%


Securities authorized for issuance under equity compensation
plans.

We have no equity compensation plans.

Item 12: Certain Relationships and Related Transactions

We issued 5,000,000 shares of common stock to Jianbin Chen, our president and a
member of the board of directors in July 2006, in consideration of $5,000.

10

Item 13: Exhibits

Exhibit
No.                             
Description

3.1*                                        
Articles of Incorporation of the Company (incorporated by reference to the Form
SB-2 filed with the Securities and Exchange Commission on August 30, 2007

3.2*                                        
Bylaws of the Company (incorporated by reference to the Form SB-2 filed with
the Securities and Exchange Commission on August 30, 2007)

10.1*                                      
Website Design Contract (incorporated by reference to the Form SB-2 filed with
the Securities and Exchange Commission on August 30, 2007)

14                                           
Code of Ethics

31                                           
Certification of the Chief Executive Officer and Chief Financial Officer
pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934 as amended,
as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32                                          
Certification of the Chief Executive Officer and Chief Financial Officer
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002

Item 14: Principal Accountant Fees and Services

1) Audit Fees

The aggregate fees billed for the last two fiscal years for professional
services rendered by the principal accountant for the audit of the Company's
annual financial statements and review of financial statements included in the
Company's Form 10-QSBs or services that are normally provided by the accountant
in connection with statutory and regulatory engagements for those fiscal years
was:

2007 - $8,800          McElravy,
Kinchen & Associates, P.C. & Gordon K.W. Gee Ltd. Chartered Accountant

2006 -
$2,500         Gordon K.W. Gee Ltd, Chartered Accountant.

2) Audit - Related Fees

The aggregate fees billed in each of the last two fiscal years for assurance
and related services by the principal accountants that are reasonably related to
the performance of the audit or review of the Company's financial statements and
are not reported in the preceding paragraph:

2006 - $0                     
McElravy, Kinchen & Associates, P.C. & Gordon K.W. Gee Ltd. Chartered Accountant

2005 - $0                    
Gordon K.W. Gee Ltd, Chartered Accountant.

11

3) Tax Fees

The aggregate fees billed in each of the last two fiscal years for
professional services rendered by the principal accountant for tax compliance,
tax advice, and tax planning was:

2006 - $0                     
McElravy, Kinchen & Associates, P.C. & Gordon K.W. Gee Ltd. Chartered Accountant

2005 - $0                    
Gordon K.W. Gee Ltd, Chartered Accountant.

4) All Other Fees

The aggregate fees billed in each of the last two fiscal years for the
products and services provided by the principal accountant, other than the
services reported in paragraphs (1), (2), and (3) was:

2006 - $0                    
McElravy, Kinchen & Associates, P.C. & Gordon K.W. Gee Ltd. Chartered Accountant

2005 - $0                    
Gordon K.W. Gee Ltd, Chartered Accountant.









12



SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized on this 6th day of
October, 2010

Revo Ventures Inc.

(Registrant)

By: /s/ Tie Ming Li

Tie Ming Li

President and Chief Executive
Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated:

Signature
    Title
    Date/s/ Tie Ming Li
    President, CEO, Secretary, Treasurer and Director
    October 6, 2010Tie Ming Li






INDEX TO FINANCIAL STATEMENTS



Report of Independent Registered Public Accounting Firm

Balance Sheets for the fiscal year ended July 31, 2007 and
period ended July 31, 2006                                                                              
F-2

Statements of Operations for the fiscal year ended July 31, 2007 and
period ended July 31, 2006                                                                F-3

Statements of Cash Flows for the fiscal year ended July 31, 2007  and period ended
July 31, 2006                                                              F-4

Statements of Shareholder's
Equity (Deficit)                                                                                                                                                 F-5

Notes to Financial
Statements                                                                                                                                                                     F-6







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors

REVO VENTURES INC.

(A Development Stage
Company)

Chang Chun, China

We have audited the
accompanying balance sheet of Revo Ventures, Inc. as of July 31, 2007 and the
related consolidated statements of operations, stockholders' equity (deficit)
and cash flows for the year then ended and for the period from April 17, 2006
(inception) through July 31, 2007. The financial statements for the period April
17, 2006 (inception) through July 31, 2006, were audited by other auditors whose
reports expressed unqualified opinions on those statements. The financial
statements for the period April 17, 2006 (inception) through July 31, 2006,
include total revenues and net loss of $0 and $2,825, respectively. Our opinion
on the statements of operations, stockholders' equity (deficit) and cash flows
for the period April 17, 2006 (inception) through July 31, 2006, insofar as it
relates to amounts for prior periods through July 31, 2006, is based solely on
the reports of other auditors. These financial statements are the responsibility
of Revo's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our
audits in accordance with 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 Revo as of July 31, 2007 and the results of its
operations and cash flows for the periods described above in conformity with
accounting principles generally accepted in the United States of America.

The accompanying
financial statements have been prepared assuming that Revo will continue as a
going concern. As discussed in Note 2 to the financial statements, Revo has
suffered recurring losses from operations which raises substantial doubt about
its ability to continue as a going concern. Management's plans regarding those
matters also are described in Note 2. The consolidated financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.

/s/ McElravy,
Kinchen & Associates, PC

www.McElravy.com

Houston, Texas

October 19, 2007



Gordon K.W. Gee Ltd.

An Incorporated Professional

Chartered Accountant

Report of Independent Registered Public
Accounting Firm

To the Board of Directors and Shareholders of Revo Ventures
Inc.:

I have audited the accompanying statement of financial position
of Revo Ventures Inc. as of 31 July 2006 and the related statements of
operations and deficit, cash flow and changes in shareholder's equity and
comprehensive income for the period then ended. These financial statements are
the responsibility of the company's management. My responsibility is to express
an opinion on these financial statements based on my audit.

I have conducted my audit in accordance with the standards of
the Public Company Accounting Oversight Board (United States). Those standards
require that i plan and perform an audit to obtain reasonable assurance whether
the financial statements are free of material misstatement. An audit includes
examining on a text 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. I believe that my audit
provides a reasonable basis for my opinion.

In my opinion, these financial statements present fairly, in all
material respects, the financial position of  Revo Ventures Inc. as at 31 July
2006 and the results of the operations and cash flow of the company for the
period then ended, in conformity with generally accepted accounting principles
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 had limited operations and have not
commenced planned principal operations. This raises substantial doubt about its
ability to continue as a going concern. Management's plan in regard to these
matters are also described in Note 1. the financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

/s/ "Gordon K.W. Gee"

Chartered Accountant

14 August 2006



F-1



Revo Ventures Inc.

(A Development Stage Company)

Balance Sheets

As of July 31, 2007 and   2006

July 31, 2007
    July 31, 2006ASSETSCurrent AssetsCash and cash equivalents
    $      5,078
    $     5,000TOTAL
    CURRENT ASSETS
    5,078
    5,000TOTAL
    ASSETS
    $     5,078
    $     5,000========
    ========LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)Current LiabilitiesAccounts payable and accrued liabilities
    $    8,330
    $    2,825Shareholder loan
    800
    -Total Current
      Liabilities
    9,130
    2,825Stockholders' DeficitPreferred Stock, $0.001 par value50,000,000 authorized, none issued and outstanding
    -
    -Common stock, $0.001 par value,50,000,000 authorized,7,100,000 and 5,000,000 sharesissued and outstanding , respectively
    7,100
    5,000Additional paid in capital
    18,900
    -Deficit accumulated
      during the development stage
    (30,052)
    (2,825)Total Stockholders' Deficit
    (4,052)
    2,175TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
    $    5,078
    $    5,000========
    ========See Accompanying Summary of Accounting Policies and
      Notes to Financial Statements
F-2
Revo Ventures Inc.
(A Development Stage Company)
Statements of Operations
For the Year Ended July 31, 2007 and the Periods From April 17, 2006
(Inception) through July 31, 2006 and 2007
For the Year Ended July 31, 2007
    April 17, 2006 (Inception) to July 31, 2006
    April 17, 2006 (Inception), to July
    31, 2007General and Administrative ExpensesProfessional Fees
    $    2,825
    $    21,233
    $     24,058Management Fees
    1,355
    -
    1,355Filing Fee
    1,405
    -
    1,405Rent
    3,150
    -
    3,150Bank Charges
    and Interest
    84
    -
    8427,227
    2,825
    30,052Net (Loss)
    $   (27,227)
    $    (2,825)
    $   (30,052)==========
    ========
    =========Net Loss per Common ShareBasic and diluted
    $      (0.00)
    $      (0.00)Weighted Average Number of Shares
    OutstandingBasic and diluted
    5,494,795
    5,000,000
See Accompanying Summary of Accounting Policies and
      Notes to Financial Statements
F-3

Revo Ventures Inc.
(A Development Stage Company)
Statements of Cash Flows
For the Year Ended July 31, 2007 and the Periods From April 17, 2006
(Inception) through July 31, 2006 and 2007
For the Year Ended July 31, 2007
    April 17, 2006 (Inception) to July 31, 2006

    April 17, 2006 (Inception), to July 31, 2007Cash Provided by (Used in)Operating ActivitiesNet (Loss) for
      the Period
    $    (27,227)
    $    (2,825)
    $    (30,052)Changes inAccounts payable
    and accrued liabilities
    5,505
    2,825
    8,330Cash Used in operating
      activities
    (21,772)
    -
    (21,772)Financing ActivitiesProceeds from Sale of Common Stock
    800
    -
    800Proceeds from
    Shareholder Loan
    21,000
    5,000
    26,000Cash provided by financing
    activities
    21,900
    5,000
    26,800Cash Increased (Decreased)
    78
    5,000
    5,078during the periodCash, Beginning of Period
    5,000
    -
    -Cash, End of Period
    $    5,078
    $    5,000
    $    5,078=========
    ========
    ========Supplemental Disclosures of Cash Flow InformationCash Paid for interest
    -
    -
    -Cash Paid for income tax
    -
    -
    -See Accompanying Summary of Accounting Policies and
      Notes to Financial Statements


F-4



Revo Ventures Inc.

(A Development Stage Company)

Statements of Stockholders' Equity (Deficit)

From April 17, 2006 (Inception), to July 31, 2007

Common Stock
      Common Stock
      Additional
      Deficit Accumulated During
      the
      Total Stockholder'sShares
      Amount
      Paid In Capital
      Development Stage
      Equity (Deficit)Balances - April 17, 2006
      -
      $                    
      -
      $                        
      -
      $                           
      -
      $                           
      -Proceeds from issuance of founders shares
      5,000,000
      5,000
      -
      -
      5,000Net Loss
      -
      -
      -
      (2,825)
      (2,825)Balance, July 31, 2006
      5,000,000
      5,000
      -
      (2,825)
      2,175Proceeds from issuance of common stock
      2,100,000
      2,100
      18,900
      -
      21,000Net Loss
      -
      -
      -
      (27,227)
      (27,227)Balances - July 31, 2007
      7,100,000
      $   7,100
      $    18,900
      $     (30,052)
      $     (4,052)========
      ======
      ========
      ==========
      =========See Accompanying Summary of Accounting Policies and
      Notes to financial Statements






F-5





REVO VENTURES,
INC.

(A Development
Stage Company)

NOTES TO
FINANCIAL STATEMENTS





1.         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revo Ventures, Inc. (the "Company", "Revo") is a development stage company
which was incorporated in the State of Nevada on April 17, 2006. The Company
intends to commence operations as a developer of children's educational software
and children's monitoring software.

Basis of Presentation

The Company follows accounting
principles generally accepted in the United States of America.  In the opinion
of management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the periods presented have been reflected herein.

Revenue Recognition

Revenue is recognized when it is
realized or realizable and earned. Revo considers revenue realized or realizable
and earned when persuasive evidence of an arrangement exists, services have been
provided, and collectibility is reasonably assured. Revenue that is billed in
advance such as recurring weekly or monthly services are initially deferred and
recognized as revenue over the period the services are provided.

Use of Estimates

The preparation of the financial
statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure 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.

Cash and Cash Equivalents

For purposes of the statement of
cash flows, the Company considers all highly liquid investments purchased with
an original maturity of three months or less to be cash equivalents. As of July
31, 2007, there were no cash equivalents.

Development
Stage Company

The Company complies with Statement of Financial Accounting Standard ("SFAS")
No. 7 and the Securities and Exchange Commission Exchange Act 7 for its
characterization of the Company as development stage.

Impairment of Long Lived Assets

Foreign Currency Translation

The Company   is located and
operating outside of the United States of America. It maintains its accounting
records in U.S. Dollars, as follows:

At the transaction date, each
asset, liability, revenue, and expense is translated into U.S. dollars by the
use of exchange rates in effect at that date. At the period end, monetary assets
and liabilities are remeasured by using the exchange rate in effect at that
date. The resulting foreign exchange gains and losses are included in
operations.

The Company's currency exposure
is insignificant and immaterial and we do not use derivative instruments to
reduce its potential exposure to foreign currency risk.

Fair Value of Financial Instruments

Financial instruments, including
cash, receivables, accounts payable, and notes payable are carried at amounts
which reasonably approximate their fair value due to the short-term nature of
these amounts or due to variable rates of interest which are consistent with
market rates.  No adjustments have been made in the current period.

Basic and Diluted Net Loss Per Common Share

Basic and diluted net loss per share
calculations are calculated on the basis of the weighted average number of
common shares outstanding during the year. The per share amounts include the
dilutive effect of common stock equivalents in years with net income. Basic and
diluted loss per share is the same due to the anti dilutive nature of potential
common stock equivalents.

Advertising Expenses

The company expenses advertising costs as incurred. There was
no advertising expense incurred by the company during the period ended July 31,
2007.

Recent Accounting Pronouncements

Revo does not expect the adoption
of recently issued accounting pronouncements to have a significant impact on its
results of operations, financial position or cash flow.

2.        
GOING CONCERN

Revo's financial statements have
been prepared on a going concern basis, which contemplates the realization of
assets and settlement of liabilities and commitments in the normal course of
business for the foreseeable future. Since inception, the Company has
accumulated losses aggregating to $ 30,052 and has insufficient working capital
to meet operating needs for the next twelve months as of July 31, 2007, all of
which raise substantial doubt about Revo's ability to continue as a going
concern.

3.         COMMON STOCK
TRANSACTIONS

On July 14, 2006, the Company sold 5,000,000 common shares
at $0.001 per share to the sole director of the Company for total proceeds of
$5,000.

On May 6, 2007, the Company sold 2,100,000 common shares pursuant to a registration statement at $0.01 per share for total proceeds of  $21,000.

4.         COMMITMENTS

On July 28, 2006, the management of the Company signed a web design
contract with Li Xia Wen, an independent web designer, to create and develop the
Company's website. In consideration, the Company agreed to pay Mr. Wen a fixed
fee of $4,000, which is due upon the completion of the beta phase of the
website. Management expects the beta phase of the website to be complete by the
end of December 2007.

5.         RELATED PARTY TRANSACTIONS

An officer has loaned the Company $800, without interest and fixed term of repayment.

6.         INCOME TAXES

Deferred taxes relating to the tax
benefit the Company's net operating loss was offset by a valuation allowance due
to the uncertainty of profitable operations in the future. The net operating
loss carryforward was $30,052 at July 31, 2007.