**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**







**FORM 10-QSB**









x
            **QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE
                ACT
                OF 1934****For
                the quarter ended December 31, 2004**


**-OR-**





o
            **TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE
                ACT
                OF 1934****For
                the transition period from: _____________ to
                _____________**




**Commission
      File Number** **000-28339**







**CHINA
      BIONANOMETER INDUSTRIES CORPORATION**


(Exact
      Name of Registrant as Specified in Its Charter)




**NEVADA**
            
            **000-28339**(State
                or other jurisdiction of
            
            (I.R.S.
                Employerincorporation
                or organization)
            
            Identification No.)**2F-B,
                Xieton Bldg.**
              **No.
                2 Gaoxin 2 Rd.**
              **New
                and Hi-Tech Industry Zone**
              **Xian,
                Shaanxi, China**
            
            **710000**(Address
                of principal executive offices)
            
            (Zip
                code)




Registrant’s
      telephone number, including area code: 86-29-8837-2530





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





Check
      whether the issuer: (1) filed all reports required to be filed by
      Section 13 or 15(d) of the Exchange Act during the past 12 months (or
      for such shorter period that the registrant was required to file such reports),
      and (2) has been subject to such filing requirements for the past
      90 days. Yes þ No o





Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, or a non-accelerated filer. See definition of “accelerated
      filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check
      one): Large accelerated filer o Accelerated filer o Non-accelerated filer þ





Indicate
      by check mark whether the registrant is a shell company (as defined in
      Rule 12b-2 of the Exchange)  Yes o No þ









The
      number of shares outstanding of each of the Registrant’s classes of common
      stock, as of December 31, 2004 was 13,561,000 shares, all of one class of $0.001
      par value Common Stock. As of October 17, 2007, there are
      103,561,000.





**CHINA
      BIONANOMETER INDUSTRIES CORPORATION**


**FORM
      10-QSB**


**Quarter
      Ended December 31, 2005**





**TABLE
      OF CONTENTS**





**FINANCIAL
      INFORMATION**




**PAGE**Item
                1.
            Consolidated
                Financial StatementsConsolidated
                Balance Sheet as December 31, 2004 (unaudited)
            
            4Consolidated
                Statement of Operations for the Three Months Ended
                December 31, 2004 and December 31, 2003
            
            5Consolidated
                Statement of Stockholders’ Equity/(Deficit)
            
            6Consolidated
                Statement of Cash Flow for the Three Months Ended
                December 31, 2004 and December 31, 2003
            
            7Notes
                to Consolidated Financial Statements
            
            8Item
                2.
            Managements
                Discussion and Analysis of Financial Condition or Plan
                of Operation
            
            16Item
                3.
            Controls
                and Procedures
            
            20**PART
                II — OTHER INFORMATION**Item
                1.
            Legal
                Proceedings
            
            21Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            
            21Item
                3.
            Defaults
                Upon Senior Securities
            
            21Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            
            21Item
                5.
            Other
                Information
            
            21Item
                6.
            Exhibits
                and Reports on Form 8-K
            
            21**SIGNATURES**
            
            **22**




Page
          2




**SPECIAL
      NOTE ON FORWARD LOOKING STATEMENTS**





This
      Quarterly Report on Form 10-QSB, including "Management's Discussion and Analysis
      of Financial Condition and Results of Operations" in Item 2 of Part I of this
      report include forward-looking statements. These statements involve known and
      unknown risks, uncertainties and other factors that may cause our actual
      results, levels of activity, performance or achievements to be materially
      different from any future results, levels of activity, performance, or
      achievements expressed or implied by forward-looking statements.





In
      some
      cases, you can identify forward-looking statements by terminology such as "may,"
      "should," "expects," "plans," "anticipates," "believes," "estimates,"
      "predicts," "potential," "proposed," "intended," or "continue" or the negative
      of these terms or other comparable terminology. You should read statements
      that
      contain these words carefully, because they discuss our expectations about
      our
      future operating results or our future financial condition or state other
      "forward-looking" information. There may be events in the future that we are
      not
      able to accurately predict or control. Before you invest in our securities,
      you
      should be aware that the occurrence of any of the events described in this
      Annual Report could substantially harm our business, results of operations
      and
      financial condition, and that upon the occurrence of any of these events, the
      trading price of our securities could decline and you could lose all or part
      of
      your investment. Although we believe that the expectations reflected in the
      forward-looking statements are reasonable, we cannot guarantee future results,
      growth rates, levels of activity, performance or achievements. We are under
      no
      duty to update any of the forward-looking statements after the date of this
      Quarterly Report to conform these statements to actual results.




Page
          3




**PART
      1: FINANCIAL INFORMATION**





**CHINA
                BIONANOMETER INDUSTRIES CORPORATION****(F/K/A
                Easy Groups Limited)****Balance
                Sheets**(Unaudited)**ASSETS**September
                30,Dec
                31,
            
            20042004
            
            (Audited)Current
                AssetsCash
            
            $
            -
            
            $
            -Accounts
                Receivable - Net
            
            
            -
            
            
            -Total
                Current Assets
            
            
            -
            
            
            -Net
                Assets of Discontinued Operations
            
            
            -
            
            
            -Total
                Assets
            
            $
            -
            
            $
            -**LIABILITIES
                AND STOCKHOLDERS' EQUITY**Current
                LiabilitiesTrade
                accounts payable and accrued expenses
            
            $
            79,243
            
            $
            64,306Net
                Liabilities of Discontinued Operations
            
            
            1,077
            
            
            1,077Total
                Current Liabilities
            
            
            80,320
            
            
            65,383Total
                Liabilities
            
            
            80,320
            
            
            65,383Stockholders'
                EquityCommon
                Stock,$0.001 par value, 50,000,000 sharesauthorized;
                13,561 shares issued and outstanding onDecember
                31, 2004 and September 30, 2004respectively
            
            
            13,561
            
            
            13,561Paid
                in Capital
            
            
            4,005,613
            
            
            3,975,633Accumulated
                Deficit
            
            
            (4,099,494
            )
            
            (4,054,577
            )Total
                Stockholders' Equity
            
            
            (80,320
            )
            
            (65,383
            )Total
                Liabilities and Stockholders' Equity
            
            $
            -
            
            $
            -The
                accompanying notes are an integral part of these
                statements




Page
          4




**CHINA
                BIONANOMETER INDUSTRIES CORPORATION****(F/K/A
                Easy Groups Limited)****Consolidated
                Statements of Operations**(Unaudited)For
                the Three Months EndedDecember
                31,2004
            
            2003Revenue,
                net
            
            $
            -
            
            $
            -Cost
                of Sales
            
            
            -
            
            
            -Gross
                Margin
            
            
            -
            
            
            -Operating
                ExpensesGeneral
                and Administrative
            
            
            -
            
            
            -Advertising
            
            
            -
            
            
            -Depreciation
                and Amortization
            
            
            -
            
            
            -Total
                Operating Expenses
            
            
            -
            
            
            -Loss
                From Operations
            
            
            -
            
            
            -Extraordinary
                Items:Discontinued
                Operations
            
            
            (44,917
            )
            
            (744,438
            )Loss
                on Disposal of Discontinued Operations
            
            
            -
            
            
            -Total
                other Income (Expense)
            
            
            (44,917
            )
            
            (744,438
            )Net
                (Loss)
            
            $
            (44,917
            )
            $
            (744,438
            )Basic
                and Diluted(Loss)
                per ShareContinuing
                Operations
            
            $
            0.00
            
            $
            0.00Discontinued
                Operations
            
            
            0.08
            
            
            0.16Weighted
                AverageNumber
                of Shares
            
            
            13,561,100
            
            
            13,561,100The
                accompanying notes are an integral part of these
                statements





Page
          5





**CHINA
                BIONANOMETER INDUSTRIES CORPORATION****(F/K/A
                Easy Groups Limited)****Consolidated
                Statement of Stockholders' Equity/(Deficit)**(Unaudited)Common
                Stock
            
            Paid
                in
            
            Subscription
            
            Accumulated
            
            TotalShares
            
            Amount
            
            Capital
            
            Receivable
            
            (Deficit)
            
            Equity**Balance,
                October 1, 2002**
            
            
            13,561,100
            
            $
            13,561
            
            $
            3,914,491
            
            $
            (425,540
            )
            $
            (2,812,847
            )
            
            689,665Payment
                received oncommon
                stock subscription
            
            
            -
            
            
            -
            
            
            (12,600
            )
            
            425,540
            
            
            -
            
            
            412,940Stock
                option expense
            
            
            -
            
            
            -
            
            
            88,302
            
            
            -
            
            
            -
            
            
            88,302Net
                (Loss)
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (2,193,025
            )
            
            (2,193,025
            )**Balance,
                September 30, 2003**
            
            
            13,561,100
            
            
            13,561
            
            
            3,990,193
            
            
            -
            
            
            (5,005,872
            )
            
            (1,002,118
            )Dissolution
                of Acquisition
            
            
            
            
            
            
            
            
            (688,400
            )
            
            
            
            
            2,019,880
            
            
            1,331,480Contributed
                Capital
            
            
            
            
            
            
            
            
            673,840
            
            
            
            
            
            
            
            
            673,840Net
                (Loss)
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (1,068,585
            )
            
            (1,068,585
            )**Balance,
                September 30, 2004**
            
            
            13,561,100
            
            $
            13,561
            
            $
            3,975,633
            
            $
            -
            
            $
            (4,054,577
            )
            $
            (65,383
            )Contributed
                Capital
            
            
            -
            
            
            -
            
            
            29,980
            
            
            -
            
            
            -
            
            
            29,980Net
                (Loss)
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (44,917
            )
            
            (44,917
            )**Balance,
                December 31, 2004**
            
            
            13,561,100
            
            $
            13,561
            
            $
            4,005,613
            
            $
            -
            
            $
            (4,099,494
            )
            $
            (80,320
            )The
                accompanying notes are an integral part of these
                statements





Page
          6








**CHINA
                BIONANOMETER INDUSTRIES CORPORATION****(F/K/A
                Easy Groups Limited)****Consolidated
                Statements of Cash Flows**(Unaudited)Three
                Months EndedDecember
                31,2004
            
            2003Operating
                ActivitiesNet
                Income (Loss)
            
            $
            (44,917
            )
            $
            (744,438
            )Adjustments
                to reconcile net income (Loss):Discontinued
                Operations
            
            
            44,917
            
            
            744,438Depreciation
            
            
            -
            
            
            -Balance
                Sheet Adjustments:(Increase)
                Decrease in Accounts Receivable
            
            
            -
            
            
            -Increase
                (Decrease) in Accounts Payable
            
            
            -
            
            
            -Increase
                (Decrease) in Accrued Liabilities
            
            
            -
            
            
            -Net
                Cash (Used) by Operating Activities
            
            
            -
            
            
            -Investing
                ActivitiesDisposal/(Purchase)
                of Equipment
            
            
            -
            
            
            -Cash
                (Used) in Investing Activities
            
            
            -
            
            
            -Financing
                ActivitiesProceeds
                from Sale of Common Stock
            
            
            -
            
            
            -Cash
                provided by financing
            
            
            -
            
            
            -Net
                Increase (Decrease) in Cash
            
            
            -
            
            
            -Cash,
                Beginning of Period
            
            
            -
            
            
            -Cash,
                End of Period
            
            $
            -
            
            $
            -Supplemental
                InformationTaxes
            
            $
            -
            
            $
            -Interest
            
            $
            -
            
            $
            -The
                accompanying notes are an integral part of these
                statements







Page
          7


**CHINA
      BIONANOMETER INDUSTRIES CORPORATION**


**(F/K/A
      Easy Group Limited)**





**Notes
      to the Unaudited Consolidated Financial Statements**


(December
      31, 2004 and September 30, 2004)





**NOTE
      1- ORGANIZATION AND BUSINESS ACTIVITY**





China
      Bionanometer Industries Corporation (The Company) was incorporated under the
      laws of the state of Nevada on October 24, 1996, under the name Almost Country
      Productions, Inc. and changed its name to Xvariant, Inc. (Xvariant) in August,
      2001 and subsequent to the period reported on these statements the Company
      changed its name to China Ethanol Corporation on August 28, 2006 and finally
      to
      Easy Groups Limited on November 17, 2006.





On
      March
      15, 2001, Xvariant acquired Real Estate Federation, Inc. ("REF") in a
      transaction recorded as a recapitalization of REF with Xvariant being the legal
      survivor and REF being the accounting survivor and the operating entity.REF
      was
      established to provide technology for the real estate market that enhances
      the
      use of the Internet in the home-buying process. The technology allows potential
      homebuyers to search for real estate properties from all participating real
      estate brokers' listings. REF had a wholly owned subsidiary, Xvariant, Inc.
      (a
      Utah corporation) which designed web sites for real estate brokers along with
      other real estate related services. Xvariant (the Utah corporation) was disposed
      of in October 2001 (see Note 13).





During
      January 2002, Xvariant executed the acquisition of 360House.com,Inc. (360House),
      pursuant to a stock exchange agreement. Xvariant acquired 360House by issuing
      1,000,000 shares of common stock to the shareholders of 360House in exchange
      for
      all of the issued and outstanding shares of 360House. In addition, the exchange
      agreement provides for issuance of additional shares of Xvariant's common stock
      based on the performance of 360House. Xvariant agreed to issue common stock,
      including the 1,000,000 shares issued upon execution of the agreement, at a
      price equal to either 1) a value equal to six times 360House's earnings before
      interest, taxes, depreciation, and amortization during the twelve month period
      ending December 31, 2003; or 2) the value defined by a valuation consultant
      mutually agreeable by the parties. Either party may demand an independent
      valuation. 360House provides services to the real estate industry principally
      in
      the form of photographic virtual tours of real estate properties available
      for
      viewing on the internet and other video media.





During
      December 2003 the company dissolved the acquisition of 360House because
      performance was not at the expected level.





The
      Company was engaged in the development of technology and Internet services
      targeted at the real estate industry and were considered to be in the
      development stage through December 31, 2001. The Company began substantial
      operations in January 2002 with the acquisition of 360house and became an
      operating company during the year ended September 30, 2003.





The
      consolidated financial statements include Xvariant and its wholly owned
      subsidiaries, Real Estate Federation, Inc. however, with the dissolution of
      the
      acquisition of 360House.com, Inc., the financials have been reclassified to
      remove the activity of 360House.com, Inc. All significant intercompany accounts
      and transactions have been eliminated.





Effective
      August 28, 2006 the Company filed a Certificate of Amendment with the State
      of
      Nevada to change its name from XVARIANT, INC. to China Ethanol
      Corporation.





On
      November 27, 2006 the Company filed a Certificate of Amendment with the State
      of
      Nevada to change its name from China Ethanol Corporation to Easy Groups Limited.





Subsequent
      to December 31, 2004 the Company reentered the development state.




Page
          8





**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**





a.
      Accounting Methods





The
      Company's consolidated financial statements are prepared using the accrual
      method of accounting. The Company has elected a September 30, year-end. 360House
      has a December 31, year end with the accompanying consolidated financial
      statements including the results of financial position and results of operations
      of 360House as of and for the nine months ended September 30, 2002 which
      approximates the period from the date of its acquisition by Xvariant as
      discussed in Note 12.





b.
      Accounts Receivable





The
      Company evaluated its accounts receivable and found that it was all in excess
      of
      120 days old and increased its allowance for doubtful accounts of to $155,761
      as
      of March 31, 2004 leaving a balance in accounts receivable of
      $0.00.





c.
      Property and Equipment





Property
      and equipment is recorded at cost. Major additions and improvement are
      capitalized. The cost and related accumulated depreciation of equipment retired
      or sold are removed from the accounts and any differences between the
      undepreciated amount and the proceeds from the sale are recorded as gain or
      loss
      on sale of equipment. Depreciation is computed using the straight-line method
      over the estimated useful life of the assets as follows:


Description
              
              Estimated
                  Useful LifeFurniture
                  and fixtures
              
              3-4
                  yearsMachinery
                  and equipment
              
              3
                  yearsComputers
              
              3
                  years


d.
      Goodwill





As
      of
      January 1, 2002, the Company adopted Statement of Financial Accounting Standard
      (SFAS) No. 142, "Goodwill and Other Intangible Assets" (SFAS 142). SFAS 142
      requires the accounting for goodwill on an impairment-only approach. SFAS 142
      requires that goodwill be tested for impairment annually, or more frequently
      if
      circumstances indicate potential impairment, by comparing the fair value of
      the
      asset to its carrying amount. Such testing requires, that each of the Company's
      reporting units, as defined in SFAS 142, be identified and that the Company's
      assets and liabilities, including the existing goodwill and intangible assets,
      be assigned to those reporting units. The Company has determined that it has
      a
      single reporting unit attributable to its goodwill. SFAS 142 also requires
      the
      Company to assess the fair value of the Company. In determining fair value,
      the
      Company considered the guidance in SFAS 142, including the Company's market
      capitalization, control premiums, discounted cash flows and other indicators
      of
      fair value. Based on this analysis, goodwill totaling $1,068,047 was impaired
      at
      September 30, 2003.





e.
      Estimates





The
      preparation of consolidated 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 consolidated
      financial statements and the reported amounts of revenues and expenses during
      the reporting period. Actual results could differ from those
      estimates.




Page
          9




f.
      Advertising





The
      Company follows the policy of charging the costs of advertising to expense
      as
      incurred. During the years ended September 30, 2004 and 2003, the Company
      expensed $0 and $0 respectively.


g.
      Revenue Recognition





The
      Company recognizes revenue from real estate lead commissions as escrow is
      closed. Revenue from photographic virtual tours and related services are
      recognized as projects are completed and available for viewing. Revenue is
      recognized on other services rendered as they are performed.





h.
      Stock
      Options





As
      permitted by FASB Statement 123 and amended by SFAS No. 148 "Accounting for
      Stock Based Compensation" (SFAS No. 123), the Company elected to measure and
      record compensation cost relative to employee stock option costs in accordance
      with Accounting Principles Board ("APB") Opinion 25, "Accounting for Stock
      Issued to Employees," and related interpretations and make pro-forma disclosures
      of net income and earnings per share as if the fair value method of valuing
      stock options had been applied. Under APB Opinion 25, compensation cost is
      recognized for stock options granted to employees when the option price is
      less
      that the market price of the underlying common stock on the date of
      grant.





i.
      Technology Development and Website Designs





The
      costs
      of computer software developed or obtained for internal use, during the
      preliminary project phase, as defined under Statement of Position 98-1
      "Accounting for the Costs of Computer Software Developed or obtained for
      Internal use", are expensed as incurred. The costs of web site development,
      during the planning stage, as defined under Emerging Issues Task Force No.
      00-2
      "Accounting for Web Site Development Costs", are expenses as incurred. Computer
      software and web site development costs incurred during the application and
      infrastructure development stage, including external direct costs of materials
      and services consumed in developing software, creating graphics and web site
      content, payroll, and interest costs, are capitalized and amortized over the
      estimated useful life, beginning when the software is ready for use and after
      all substantial testing is completed and the web site is operational. Any costs
      incurred since the web site and related software have become operational have
      been expenses as incurred.




**NOTE
      3 - GOING CONCERN**





The
      Company's consolidated financial statements are prepared using generally
      accepted accounting principles in the United States of America applicable to
      a
      going concern which contemplates the realization of assets and liquidation
      of
      liabilities in the normal course of business. The Company has incurred losses
      which have resulted in an accumulated deficit of $4,099,494 at December 31,
      2004, and has limited internal financial resources. These factors combined
      raise
      substantial doubt about the Company's ability to continue as a going concern.
      The accompanying consolidated financial statements do not include any
      adjustments relating to the recoverability and classification of asset carrying
      amounts or the amount and classification of liabilities that might result from
      the outcome of this uncertainty.





The
      Company expects that growth in revenue from operations will continue to
      increase. Accordingly, the Company believes that based on these factors, it
      has
      the ability to sustain operations for the next twelve months. However, there
      can
      be no assurance that generation of operating revenues and collection of the
      subscription receivable will be sufficient to enable the Company to maintain
      its
      operations. If the Company's plans are not successful, it will be necessary
      for
      the Company to secure additional debt and equity financing which also cannot
      be
      assured.




Page
          10


**NOTE
      4 - ASSET PURCHASE**





During
      November 2001, pursuant to an asset purchase agreement, the Company issued,
      to
      an unrelated entity, 450,000 shares of its common stock and agreed to issue
      up
      to an additional 600,000 in the form of a warrant with a term of 10 years
      exercisable at $2.00 per share. The exercise of the warrants is contingent
      upon
      gross revenue derived from the assets purchased as follows:





If
      gross
      revenue generated from the assets purchased was greater than $200,000 for the
      twelve months following the acquisition, all 600,000 warrants were to be
      available for exercise. If gross revenue was less than $200,000 only 300,000
      warrants were to be exercisable and if gross revenue were less than $100,000
      none of the warrants would be exercisable. At September 30, 2003, none of the
      revenue thresholds had been achieved and no warrants were exercisable in
      conjunction with the asset purchase. Subsequent to September 30, 2003, and
      upon
      the expiration of the 12-month period from the date of the execution of the
      asset purchase agreement, none of the revenue thresholds had been met.
      Accordingly, no warrants to purchase shares of the Company's common stock
      pursuant to that agreement are exercisable.





The
      assets purchased in connection with this transaction consisted of various items
      including customer contracts and software. The assets were valued at $70,000
      on
      the date of purchase based on the net present value of the contracts acquired.
      Amortization expense of $35,000 has been recorded during the year ended
      September 30, 2003.





In
      February 2003, the Company purchased the assets of Virtually Anywhere in
      consideration for 20% paid to Seller for each qualified virtual tour ordered
      by
      qualified customer for a period of 24 months from closing date. With the
      purchase, the Company acquired all books and records relating to the ownership
      and operation of the business, including intangible assets.





**NOTE
      5 - DISSOLUTION OF BUSINESS COMBINATION AND DISCONTINUED
      OPERATIONS**





During
      January 2002, Xvariant executed the acquisition of 360House.com, Inc.
      (360House), pursuant to a stock exchange agreement. Xvariant acquired 360House
      by issuing 1,000,000 shares of common stock to the shareholders of 360House
      in
      exchange for all of the issued and outstanding shares of 360House. In addition,
      the exchange agreement provides for issuance of additional shares of Xvariant's
      common stock based on the performance of 360House.





Xvariant
      agreed to issue common stock, including the 1,000,000 shares issued upon
      execution of the agreement, at a price equal to either 1) a value equal to
      six
      times 360House's earnings before interest, taxes, depreciation, and amortization
      during the twelve month period ending December 31, 2003; or 2) the value defined
      by a valuation consultant mutually agreeable by the parties. Either party may
      demand an independent valuation. 360House provides services to the real estate
      industry principally in the form of photographic virtual tours of real estate
      properties available for viewing on the internet and other video
      media.




Page
          11





During
      December 2003 the company dissolved the acquisition of 360House because
      performance was not at the expected level. Because of the prior impairment
      of
      goodwill the dissolution resulted in a net gain on dissolution of $1,331,480
      as
      a result of the following equity adjustments:


Paid
                  in CapitalBefore
                  Dissolution
              
              $
              3,990,193Adjustment
              
              
              (688,400
              )Adjusted
                  Paid in Capital
              
              $
              3,301,793Accumulated
                  DeficitBefore
                  Dissolution
              
              $
              (5,005,872
              )Adjustment
              
              
              2,019,880Adjusted
                  Paid in Capital
              
              $
              (2,985,992
              )Adjustment
                  to Paid in Capital
              
              $
              (688,400Adjustment
                  to Accumulated Deficit
              
              
              2,019,880Gain
                  on dissolution
              
              $
              1,331,480




The
      condensed financial statements of the discontinued operations
      follow:





**BALANCE
                SHEETS****ASSETS**December
                31,
            
            September
                30,2004
            
            2004Cash
            
            $
            -
            
            $
            -Accounts
                Receivable - Net
            
            
            -
            
            
            -Property
                and Equipment, Net
            
            
            -
            
            
            -Net
                Assets of Discontinued Operations
            
            $
            -
            
            $
            -**LIABILITIES**Trade
                accounts payable and accrued expenses
            
            $
            79,243
            
            $
            64,306Capital
                leases
            
            
            1,077
            
            
            1,077Net
                Liabilities of Discontinued Operations
            
            $
            80,320
            
            $
            65,383





Page
          12






**STATEMENTS
      OF OPERATIONS**


Three
                Months EndedDecember
                31,2004
            
            2003Revenue
            
            $
            5,922
            
            $
            67,953Operating
                Expenses:General
                and Administrative
            
            
            49,519
            
            
            68,878Sales
                and Marketing
            
            
            -
            
            
            6,687Depreciation
                and amortization
            
            
            1,320
            
            
            15,305Total
                Operating Expenses
            
            
            50,839
            
            
            90,870Loss
                From Operations
            
            
            (44,917
            )
            
            (22,917
            )Total
                other Income (Expense)
            
            
            -
            
            
            (721,521
            )Net
                (Loss)
            
            $
            (44,917
            )
            $
            (744,438
            )Basic
                and Diluted(Loss)
                per Share
            
            $
            (0.00
            )
            $
            (0.05
            )Weighted
                AverageNumber
                of Shares
            
            
            13,561,100
            
            
            13,561,100




**NOTE
        6 - RELATED PARTY TRANSACTIONS**
 
 As
        of
        September 30, 2004, a related party forgave operational advances to the Company
        in the amount of $673,840 including accrued interest and was reclassified
        from
        notes payable to contributed capital.
 
 **NOTE
        7 - LONG-TERM OBLIGATIONS**
 
 The
        Company leases office space under a long-term operating lease agreement and
        leases equipment under long-term capital lease agreements. Minimum rentals
        on
        capital leases have been capitalized at the cost of the leased equipment
        or the
        present value of the rentals at the inception of the leases and the obligation
        for such amounts recorded as liabilities. Amortization of the capitalized
        assets, which is included in depreciation and amortization expense, is computed
        on the straight-line basis over the life of the asset or the lease term,
        whichever is shorter, and interest expense is accrued on the basis of the
        outstanding lease obligations.
  Page
            13
 
 Future
        minimum lease payments under capital and operating leases are as
        follows:
  Capital
                
                OperatingLeases
                
                LeasesYear
                    ending September 30,2003
                
                $
                2,561
                
                $
                55,3912004
                
                
                -
                
                
                4,616Thereafter
                
                
                -
                
                
                -Total
                    minimum lease payments
                
                $
                2,561
                
                $
                60,007Less
                    amount representing interest
                
                
                94Present
                    value of net minimum lease payments
                
                
                2,467Less
                    current maturities
                
                
                2,467$
                -
 
 **NOTE
        8 - COMMON STOCK TRANSACTIONS**
 
 During
        the year ended September 30, 2002, the Company cancelled 9,900,000 common
        shares
        and issued 700,000 common shares pursuant to the separation agreements with
        former officers of the Company.
 
 In
        November 2001, the Company issued 450,000 shares of common stock for the
        purchase of assets (see Note 5) and issued an additional 1,000,000 shares
        pursuant to a stock exchange agreement executed in January 2002 (see Note
        12).
 
 Additionally,
        the Company issued 165,000 shares of common stock in January 2002 to an
        unrelated individual for services rendered valued at a price of $0.91 per
        share.
        An additional 25,000 shares were issued to the same individual in July 2002
        for
        services rendered valued at $3.50 per share. The value of the shares issued
        approximated the fair market value of the shares on the date of
        authorization.
 
 The
        Company received $29,980 contributed capital during the three months ended
        December 31, 2004.
  **NOTE
        9 - STOCK OPTIONS AND WARRANTS**
 
 As
        of
        September 30, 2004 none of the contingent requirements related to outstanding
        warrants and options were not meet. Accordingly, the company has treated
        both
        options and warrants as having been cancelled and no longer
        outstanding.
  **NOTE
        10**  **THE
        EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS**
  Below
        is
        a listing of the most recent accounting standards SFAS 146-150 and their
        effect
        on the Company.
 
 *SFAS
        146*  *Accounting
        for Costs Associated with Exit or Disposal Activities*
  This
        statement requires companies to recognize costs associated with exit or disposal
        activities, other than SFAS 143 costs, when they are incurred rather than
        at the
        date of a commitment to an exit or disposal plan. Examples of these costs
        are
        lease termination costs, employee severance costs associated with restructuring,
        discontinued operation, plant closing, or other exit or disposal activity.
        This
        statement is effective after December 15, 2002.
 
 *SFAS
        147*  *Acquisitions
        of Certain Financial Institutions - an amendment of FASB Statement No. 72
        and
        144 and FASB Interpretation No. 9.*
  This
        statement makes the acquisition of financial institutions come under the
        statements 141 and 142 instead of statement 72, 144 and FASB Interpretation
        No.
        9. This statement is applicable for acquisition on or after October 1,
        2002.
  *SFAS
        148*  *Accounting
        for Stock-Based Compensation - Transition and Disclosure*
  Amends
        FASB 123 to provide alternative methods of transition for an entity that
        voluntarily changes to the fair value based method of accounting for stock-based
        employee compensation.
  Page
            14
  *SFAS
        149*  *Amendment
        of Statement 133 on Derivative Instruments and Hedging
        Activities*
  This
        Statement amends and clarifies financial accounting and reporting for derivative
        instruments, including certain derivative instruments embedded in other
        contracts (collectively referred to as derivatives) and for hedging activities
        under FASB Statement No. 133, *Accounting
        for Derivative Instruments and Hedging Activities.*
  *SFAS
        150*  *Financial
        Instruments with Characteristics of both Liabilities and
        Equity*
  This
        statement requires that such instruments be classified as liabilities in
        the
        balance sheet. SFAS 150 is effective for financial instruments entered into
        or
        modified after May 31, 2003.
 
 *Interpretation
        No. 46 (FIN 46)*
  Effective
        January 31, 2003, The Financial Accounting Standards Board requires certain
        variable interest entities to be consolidated by the primary beneficiary
        of the
        entity if the equity investors in the entity do not have the characteristics
        of
        a continuing financial interest or do not have sufficient equity at risk
        for the
        entity to finance its activities without additional subordinated financial
        support from other parties. The Company has not invested in any such entities,
        and does not expect to do so in the foreseeable future.
 
 The
        adoption of these new Statements is not expected to have a material effect
        on
        the Company’s current financial position, results or operations, or cash flows.
  **NOTE
        11- SUBSEQUENT EVENTS**
 
 As
        of
        October 24, 2006 none of the criteria upon which execution of outstanding
        warrants and options were meet. Accordingly, all warrants and options have
        been
        cancelled.
 
 Effective
        August 28, 2006 the Company filed a Certificate of Amendment with the State
        of
        Nevada to change its name from XVARIANT, INC. to China Ethanol
        Corporation.
 
 On
        November 27, 2006 the Company filed a Certificate of Amendment with the State
        of
        Nevada to change its name from China Ethanol Corporation to Easy Groups
        Limited.
 
 On
        June
        20, 2007, the Company filed a Certificate of Amendment with the State of
        Nevada
        to change its name from Easy Groups Limited to China Bionanometer Industries
        Corporation.
 
 Subsequent
        to December 31, 2004 the Company reentered the development state.
 
 On
        June
        20, 2007 the Company filed a Certificate of Amendment with the State of Nevada
        to change its name from Easy Groups Limited to China Bionanometer Industries
        Corporation.
  Page
            15
  **ITEM
        2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF
        OPERATIONS OR PLAN OF OPERATION**
 
 Forward-Looking
        Information
 
 This
        report on Form 10-QSB includes "forward-looking statements" within the meaning
        of Section 27A of the Securities Act of 1933, and Section 21E of the Securities
        Exchange Act of 1934. These forward-looking statements may relate to such
        matters as anticipated financial performance, future revenues or earnings,
        business prospects, projected ventures, new products and services, anticipated
        market performance and similar matters. When used in this report, the words
        "may," "will," expect," anticipate," "continue," "estimate," "project,"
        "intend," and similar expressions are intended to identify forward-looking
        statements within the meaning of Section 27A of the Securities Act of 1933
        and
        Section 21E of the Securities Exchange Act of 1934 regarding events, conditions,
        and financial trends that may affect the Company's future plans of operations,
        business strategy, operating results, and financial position. The Private
        Securities Litigation Reform Act of 1995 provides a safe harbor for
        forward-looking statements. To comply with the terms of the safe harbor,
        we
        caution readers that a variety of factors could cause our actual results
        to
        differ materially from the anticipated results or other matters expressed
        in
        forward-looking statements. These risks and uncertainties, many of which
        are
        beyond our control, include (i) the sufficiency of existing capital resources
        and the Company's ability to raise additional capital to fund cash requirements
        for future operations; (ii) uncertainties involved in the rate of growth
        of the
        Company's business and acceptance of the Company's products and services;
        (iii)
        volatility of the stock market, particularly within the technology sector;
        and
        (iv) general economic conditions. Although the Company believes the expectations
        reflected in these forward-looking statements are reasonable, such expectations
        may prove to be incorrect.
 
 *History*
 
 China
        Bionanometer Industries Corporation, formerly Easy Groups Limited, formerly
        Xvariant, Inc. (the "Company") was organized on October 24, 1996, under the
        laws
        of the State of Nevada, as "Almost Country Productions, Inc.," for the purpose
        of producing and marketing music. In approximately March 1997, the Company
        sold
        100,000 shares of its common stock at $.30 per share in an offering pursuant
        to
        Rule 504 and Section 3(b) of the Securities Act of 1933. In November, 2000
        the
        Company discontinued its music production business and actively sought new
        business opportunities.
 
 On
        March
        15, 2001, the Company completed the acquisition of Real Estate Federation,
        Inc.
        ("REF"), pursuant to a Stock Purchase Agreement (the "Agreement") between
        the
        Company and the shareholders of REF. (See "Acquisition of REF"
        below).
 
 The
        Company changed its name to "Xvariant, Inc.," in August, 2001.
 
 In
        January, 2002, the Company completed the acquisition of 360House.com, Inc.,
        a
        Utah corporation ("360House"), pursuant to a Stock Exchange Agreement (the
        "Exchange Agreement") among the Company, 360House, and the shareholders of
        360House. (See "Acquisition of 360House" below).
 
 In
        December 2003, the Company unwound the acquisition of 360House with its
        shareholder through settlement agreements. (See “Disposition of 360House”
below).
 
 The
        Company changed its name to “China Ethanol Corporation” in August
        2006.
 
 In
        September 2006, the Company completed the acquisition of Easy Groups Limited,
        a
        Hong Kong corporation (“Easy Groups”), pursuant to an Exchange Agreement among
        the Company and Easy Groups (See “Acquisition of Easy Groups”
below).
 
 The
        Company changed its name to “Easy Groups Limited” in November 2006.
  Page
            16
  In
        January 2007, the Company rescinded the agreement between China Ethanol
        Corporation and Easy Groups. The Company on February 26, 2007 filed a Form
        8-K
        filed with the Commission stating the recession agreement between the Registrant
        and Easy Groups. (See “Recession of Easy Groups” below.)
 
 In
        April
        2007, the Company completed the acquisition of FullCo Limited, a limited
        liability company organized under the laws of Hong Kong (“FullCo”), pursuant to
        an Exchange Agreement among the Company and FullCo (See “Acquisition of FullCo”
below).
 
 The
        Company changed its name to “China Bionanometer Industries Corporation” in June
        2007.
 
 *Acquisition
        of REF*
 
 The
        Company acquired REF as a wholly owned subsidiary by issuing 20,500,000 shares
        of the Company's authorized common stock, 20,000,000 of which were issued
        to the
        shareholders of REF in exchange for their interests in REF, and 500,000 of
        which
        were issued as a fee to one of the Company's shareholders. The newly issued
        shares aggregated approximately 97% of the then issued and outstanding shares
        of
        the Company, and resulted in a change in control of the Company. At the closing
        of the acquisition, REF had no liabilities other than ordinary overhead
        expenditures, a real estate lease obligation, employment agreements with
        the
        three founders of REF, and a consulting agreement with another shareholder
        of
        REF. REF had no significant assets other than its intellectual property,
        copyrights, and computers used to deliver its service. It did, however, have
        a
        subscription agreement with one of its shareholders to provide up to $2,500,000
        in capital funding over the next one-year period. To date, the full capital
        commitment has been received and utilized to pursue Company business
        operations.
 
 *Disposition
        of REF*
 
 On
        or
        about October 12, 2001, 5,500,000 shares were cancelled in connection with
        Separation Agreements entered into by two of the founders, Messrs. Craig
        and
        Knapp. Messrs. Craig and Knapp were each reissued 100,000 shares of restricted
        common stock, and were paid $12,500 and $17,500, respectively, as reimbursement
        for all accrued salary, benefits and expenses. On or about July 12, 2002,
        Mr.
        Thomas Wright, a founder, agreed to cancel 4,400,000 shares owned by him
        pursuant to an employment arrangement of that date. Mr. Wright was paid a
        total
        of $12,500 as reimbursement for all accrued salary, benefits and expenses.
        A
        total of 500,000 shares of common stock was reissued to Mr. Wright.
 
 *Acquisition
        of Bid Trac*
 
 In
        November, 2001, the Company issued 450,000 shares of restricted common stock
        to
        Bid Trac, Inc. ("Bid Trac"), for the acquisition of certain assets and software
        that allowed the Company to provide an additional on-line service to its
        customers, and six contracts with customers subscribing to the service. In
        addition, the Company granted to Bid Trac, a warrant to purchase up to 600,000
        shares of common stock at an exercise price of $2.00 per share, exercisable
        at
        any time prior to November 21, 2011. The warrant provides that, in the event
        gross revenue derived from the Bid Trac service contracts was less than $200,000
        for the twelve months following the acquisition, only 300,000 shares could
        be
        purchased by Bid Trac, and if gross revenue was less than $100,000 for such
        twelve month period, then the warrant terminated and no shares could be
        purchased. Gross revenue from the Bid Trac contracts aggregated less than
        $100,000 for the initial twelve months following the acquisition.
 
 *Acquisition
        of 360House*
 
 In
        January, 2002, the Company completed the acquisition of 360House.com, Inc.,
        a
        Utah corporation ("360House"), under the terms of a Stock Exchange Agreement
        (the "Exchange Agreement") among the Company, 360House, and the shareholders
        of
        360House.
 
 The
        Company acquired 360House as a wholly-owned subsidiary by initially issuing
        1,000,000 shares of the Company's authorized common stock to the shareholders
        of
        360House in exchange for all of the outstanding stock of 360House. In addition,
        the Exchange Agreement provides for the issuance of additional shares of
        the
        Company's common stock based on the performance of 360House. The Company
        has
        agreed to issue stock, including the 1,000,000 shares issued upon execution
        of
        the Agreement, at a price equal to either (a) a value equal to six times
        360House's earnings before interest, taxes, depreciation and amortization
        ("EBITDA") in the twelve month period ending December 31, 2003 ("Earnout
        Shares"); or (b) the value defined by a valuation consultant agreed to by
        the
        parties (the "Earnout"). Either party may demand an independent valuation,
        and
        the party making such demand must bear the cost. The value of the Company's
        common stock for purposes of the Earnout, shall be calculated based on the
        average closing price of the stock for the 30 trading days prior to December
        31,
        2003.
  Page
            17
  At
        the
        closing of the acquisition, 360House had no significant tangible assets except
        computers, office furniture and equipment, and general files for its three
        employees. It had what it believed was, however, significant and valuable
        intellectual property, including, trademarks and internally developed software
        and web technology. 360House had no liabilities other than ordinary overhead
        expenditures, and employment agreements with Glade Jones, the President of
        360House, and Andy Evans, the founder and Chief Technical Officer of 360House.
        Although the employment agreements are obligations of 360House, the Company
        assumed the obligations to ensure that the salaries were paid for the six
        months
        following the acquisition to the extent that 360House did not have the cash
        flow
        to satisfy the salary obligations. Additionally, the Company had the obligation,
        for a period of six months from the acquisition, to ensure that 360House
        operating expenses were paid to the extent there was a cash shortfall in
        360House in meeting such expenses, which condition has been
        satisfied.
 
 The
        Exchange Agreement contained an option allowing the shareholders of 360House
        to
        unwind the transaction in certain events. In the event the shareholders of
        360House did not want to accept the Earnout Shares at December 31, 2003,
        they
        could surrender all of their shares in the Company and all of the issued
        and
        outstanding common stock of 360House shall be returned to the shareholders
        of
        360House. In such event, however, the Company had the option to retain the
        360House shares and pay the value calculated at December 31, 2003 to the
        360House shareholders in cash. Neither of the alternatives were acceptable
        to
        either the Company or the shareholders. The Company and the shareholders
        prepared settlement documents reflecting a position somewhere in between
        the two
        positions outlined in the Exchange Agreement, and the acquisition was
        unwound.
 
 *Disposition
        of 360House*
 
 In
        December 2003, as stated above, the Company unwound the acquisition of 360House
        with its shareholders through settlement agreements. In these agreements,
        the
        Company returned all shares it had received from 360House and 360House returned
        the 1,000,000 shares of stock in the Company.
 
 *Acquisition
        of Easy Groups Limited*
 
 Pursuant
        to an Exchange Agreement (the "Agreement") effective September 29, 2006,
        and its
        contemplated transaction that closed October 1, 2006, (the "Closing"), the
        Registrant acquired all of the issued and outstanding capital stock and
        underlying business of Easy Groups Limited and all related companies, including
        but not limited to Easy Dynamic Advertising (Exterior Walls) Limited (herein
        referred to as “Easy Groups”) which is an outdoor advertising company (the
        "Business") in exchange for Forty Two Million Five Hundred Twenty-Seven Thousand
        (42,527,000) shares of common stock of the Registrant, which includes shares
        issued to third party consultants as a material part of this transaction
        in
        consideration of services rendered. As a result, the shareholders and affiliates
        of Easy Groups (collectively, the “Easy Groups Shareholders”) gained control of
        the Registrant.
 
 Prior
        to
        the Agreement, the Registrant had 13,561,000 shares of common stock issued
        and
        outstanding. Upon the Closing of the transaction, the Registrant had 56,088,000
        shares of common stock outstanding. (See
        the
        Form 8-K filed with the Commission on November 3, 2006 *.* )
  Page
            18
  *Recession
        of Easy Groups Limited Exchange Agreement*
 
 On
        February 2, 2007 China Ethanol Corporation and Easy Groups Limited entered
        into
        a Rescission Agreement due to Easy Groups being unable to produce audited
        financial statements on a pro forma basis in the required filings of the
        annual
        and quarterly filings.
 
 Easy
        Groups Limited agreed to deliver to China Ethanol Corporation an aggregate
        of
        Forty-Two Million Five Hundred Twenty-Seven Thousand (42,527,000) shares
        of
        China Ethanol Corporation’s Common Stock for cancellation and return to the
        Company’s treasury.
 
 Prior
        to
        the Agreement, there was a commitment to issue 42,527,000 shares of China
        Ethanol Corporation which would have resulted in a total of 56,088,000 shares
        of
        common stock outstanding, however, no shares were issued which results in
        only
        13,561,000 shares of common stock issued and outstanding.
 
 *Acquisition
        of FullCo Limited*
 
 On
        April
        27, 2007, Easy Groups Limited, a Nevada corporation (the “Registrant” or “Easy
        Groups”) entered into an Agreement and Plan of Share Exchange (“Exchange
        Agreement”), FullCo Industrial Limited, a limited liability company incorporated
        under the laws of the Hong Kong, China (“FullCo”) and each of the shareholders
        of the FullCo (“FullCo Shareholders”). FullCo is specialized in research and
        development, production and sale of nanometer level health food, cosmetic,
        biologic antibacterial disinfecting product, as well as Chinese traditional
        medicine products. The company obtains the state authentication of high and
        new
        technology enterprise and is simultaneously an academician enterprise in
        the
        hi-tech zone.
  Upon
        consummation of the Exchange Agreement on the Closing Date, Easy Groups will
        acquire FullCo by issuing 90,000,000 shares of its common stock (the “Easy
        Groups Shares”) to the FullCo Shareholders and consultants, and in exchange,
        FullCo Shareholders shall assign 100% of the outstanding common stock of
        the
        FullCo to Easy Groups. As a result of the transactions contemplated under
        the
        Exchange Agreement, (1) Easy Groups would acquire the business and operations
        of
        the FullCo, and (2) Easy Group’s principal business activities shall consist of
        the business of FullCo,
 
 In
        connection with the execution of the Exchange Agreement, Easy Groups, FullCo
        and
        Xi’an Landway are entering into a Guarantee and Assumption Agreement (“Guarantee
        Agreement”), under which the FullCo and Xi’an Landway shall agree to be jointly
        and severally liable with FullCo and the FullCo Shareholders for each and
        every
        obligation and liability of FullCo and the FullCo Shareholders under the
        Exchange Agreement as if it were a party to the Exchange Agreement.
 
 Easy
        Group’s completion of the transactions contemplated under the Exchange Agreement
        are subject to the satisfaction of certain contingencies including, without
        limitation, the delivery of U.S. GAAP audited annual, interim reviewed and
        pro
        forma financial information of FullCo (on a consolidated basis with the FullCo
        and Xi’an Landway) acceptable to Easy Groups, compliance with regulatory
        requirements, and the execution of the Restructuring Agreements. Consummation
        of
        the exchange transaction is also conditioned upon, among other things, continued
        quotation of Easy Group’s common stock on the OTCBB
 
 *Business
        of Company*
 
 At
        this
        time, the Company has no viable business operations and is searching for
        business operations that can be incorporated into the Company.
 
 *Employees*
 
 The
        Company employs 1 person at the Company's executive offices.
  Page
            19
  *Government
        Regulation*
 
 The
        Company's business activities are subject only to general governmental
        regulations.
 
 *Results
        of Operations for the three months ended December 31, 2004 and December 31,
        2003*
 
 Revenues.
        The Company generated $0 in revenue during the three months ended December
        31,
        2004. During the same three-month period in 2003, the Company generated revenue
        of $0. The lack of revenue is primarily due to the disposal of its subsidiary
        360 House.
 
 Operating
        Expenses. Operating expenses for the three months ended December 31, 2004
        was $0
        compared to $0 for the three months ended December 31, 2003. The lack of
        operating expenses is due primarily to the disposal of its subsidiary 360
        House.
 
 During
        the three months ended December 31, 2004, the Company had a net loss of $44,917
        compared to a net loss of $744,438 for the three months ended December 31,
        2003.
        The decrease in net loss results primarily from the write off of the investment
        in 360House as described above.
 
 *Liquidity
        and Capital Resources*
 
 As
        of
        December 31, 2004, the Company had no cash on hand, total current assets
        of $0,
        total current liabilities of $80,320 and total stockholder's equity deficit
        of
        $80,320 as compared to stockholders' equity deficit of $65,383 at September
        30,
        2004. With the discontinued operations the Company is now considered to be
        again
        in the development stage. The Company expects to continue to experience negative
        cash flow until it is able to acquire or develop substantial
        operations.
 
 The
        Company will continue to have the need for infusions of capital. To date,
        the
        Company has met its working capital needs through payments under subscription
        agreements or contributed capital and anticipates that such payments will
        continue over the next several months. Additional investor capital infusions
        will result in greater dilution to the existing shareholders. Therefore,
        future
        equity contributions may depend, to some extent, on results of acquiring
        or
        developing operations. There can be no assurance that the Company will be
        able
        to attract new investors or that the current venture investors will continue
        to
        fund operations. In such event as the loss of current funding there is no
        assurance that the Company will be able to locate a source of capital, or
        on
        terms acceptable to the Company or to reduce costs sufficient to maintain
        the
        operations of the Company at its current level.
 
 **ITEM
        3. CONTROLS AND PROCEDURES.**
 
 *Evaluation
        of Disclosure Controls and Procedures* .
        Our
        Chief Executive Officer Reed Benson, who is also serving as the Chief Financial
        Officer , performed an evaluation of our disclosure controls and procedures,
        which have been designed to permit us to effectively identify and timely
        disclose important information. They concluded that the controls and procedures
        were effective as of December 31, 2004 to provide reasonable assurance that
        the
        information required to be disclosed by the Company in reports it files under
        the Exchange Act is recorded, processed, summarized and reported within the
        time
        periods specified in the rules and forms of the SEC. While our disclosure
        controls and procedures provide reasonable assurance that the appropriate
        information will be available on a timely basis, this assurance is subject
        to
        limitations inherent in any control system, no matter how well it may be
        designed or administered.
  *Changes
        in* *Internal
        Controls.* There
        was no change in our internal control over financial reporting during the
        quarter ended December 31, 2004, that materially affected, or is reasonably
        likely to materially affect, our internal control over financial
        reporting.
  Page
            20
  **PART
        II - OTHER INFORMATION**
 
 **ITEM
        1. LEGAL PROCEEDINGS**
 
 We
        are
        not involved in any material pending legal proceedings at this time, and
        management is not aware of any contemplated proceeding by any governmental
        authority.
 
 **ITEM
        2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
        PROCEEDS**
 
 None
 
 **ITEM
        3. DEFAULTS UPON SENIOR SECURITIES**
 
 None
 
 **ITEM
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**
 
 None
 
 **ITEM
        5. OTHER INFORMATION**
 
 This
        Form
        10-QSB filing is being filed in the name of China Bionanometer Industries
        Corporation. On August 28, 2006, Xvariant, Inc. changed its name to China
        Ethanol Corporation. On November 17, 2006, China Ethanol Corporation changed
        its
        name to Easy Groups Limited. On June 20, 2007, Easy Groups Limited changed
        its
        name to China Bionanometer Industries Corporation and obtained a new symbol
        which is CBIU.
 
 **ITEM
        6. EXHIBITS AND REPORTS ON FORM 8-K**
 
 (a)
        Exhibits
  **INDEX
        TO EXHIBITS**
 **OF**
 **CHINA
        BIONANOMETER INDUSTRIES CORPORATION**
 
 31.1
              
              Rule
                  13a-14 (a)/15d-14 (a) Certification of Chief Executive
                  Officer.31.2
              
              Rule
                  13a-14 (a)/15d-14 (a) Certification of Chief Financial
                  Officer.32
              
              Section
                  1350 Certifications.
 
 (b)
        None.
  Page
            21
  **SIGNATURES**
 
 Pursuant
        to the requirements of Section 13 of 15(d) of the Securities and Exchange
        Act of
        1934, the Registrant has duly caused this report to be signed on its behalf
        by
        the undersigned, thereunto duly authorized.
  **China
                  Bionanometer Industries Corporation**
                (Registrant)/s/
                Wang
                Wen’gengWang
                  Wen’geng,Chief Executive
                Officer(Principal
                  executive officer)
 Dated:
          October 18, 2007
  Page
            22