UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-K


(Mark
One)




x
                ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the fiscal year ended December 31,
      2008




OR




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





Commission
file number 000-50903





FLURIDA
GROUP, INC.




((Exact name of
registrant as specified in its charter)





Nevada
                        
                        3469
                        
                        26-0688130(State or other jurisdiction of
                          incorporation or organization)
                        
                        (Primary Standard
                          Industrial Classification
                          Code Number)
                        
                        IRS I.D.





800
      West Fifth Avenue, Suite 210B
                Naperville,
      IL
              
              60563(Address
      of principal executive offices)
              
              (Zip
      Code)





Issuer’s
telephone number:  630-778-8519


Securities
registered pursuant to Section 12(b) of the Act: None




Securities
registered pursuant to Section 12(g) of the Act: None







Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.  Yes  ̈     No x




Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.  Yes  ̈     No x




Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes x     No  ̈







Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check one):




Large
      accelerated filer  ̈
                Accelerated
      filer  ̈Non-accelerated
      filer  ̈
                Smaller
      reporting company x(Do
      not check if a smaller reporting company)




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





The
Registrant’s Common Stock was not trading as of June 30 2008.




The
number of outstanding shares of the Registrant’s Common Stock, $0.001 par
value, was 38,990,827 shares as of March 31, 2009.







TABLE OF
CONTENTS




PART I
                  6Item 1.  Description of
      Business
                  6Item 2.  Description of
      Property
                  9Item 3.  Legal
      Proceedings
                  10Item
      4.   Submission of Matters to a Vote of Security
      Holders
                  10PART II
                  11Item 5.  Market for
      Common Equity and Related Stockholder Matters and Small Business Issuer
      Purchases of Equity Securities
                  11Item 6. Selected Consolidated
      Financial Data
                  11Item 7. Management’s Discussion
      and Analysis of Financial Condition and Results of
      Operation
                  12Item 7A.  Quantitative
      and Qualitative Disclosures About Market Risk
                  17Item
      8. Financial StatementsItem 9A.  Controls and
      Procedures
                  17Item 9B. Other
      Information
                  19PART III
                  19Item 10. Directors, Executive
      Officers and Corporate Governance.
                  19Item 11.  Executive
      Compensation
                  21Item 12.  Security
      Ownership of Certain Beneficial Owners and Management and Related
      Stockholder Matters
                  25Item 13. Certain
      Relationships and Related Transactions, and Director
      Independence.
                  26Item 14.  Principal
      Accountant Fees and Services
                  28Item
      15.  Exhibits
                  29





CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION




This
Annual Report on Form 10-K, the other reports, statements, and information that
we have previously filed or that we may subsequently file with the Securities
and Exchange Commission, or SEC, and public announcements that we have
previously made or may subsequently make include, may include, incorporate by
reference or may incorporate by reference certain statements that may be deemed
to be “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 and are intended to enjoy the benefits of that
act. Unless the context is otherwise, the forward-looking statements included or
incorporated by reference in this Form 10-KSB and those reports, statements,
information and announcements address activities, events or developments that
Flurida Group, Inc. (hereinafter referred to as “we,” “us,” “our,” “our Company”
or “Flurida Group”) expects or anticipates, will or may occur in the future. Any
statements in this document about expectations, beliefs, plans, objectives,
assumptions or future events or performance are not historical facts and are
forward-looking statements. These statements are often, but not always, made
through the use of words or phrases such as “may,” “should,” “could,” “predict,”
“potential,” “believe,” “will likely result,” “expect,” “will continue,”
“anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would” and
“outlook,” and similar expressions. Accordingly, these statements involve
estimates, assumptions and uncertainties, which could cause actual results to
differ materially from those expressed in them. Any forward-looking statements
are qualified in their entirety by reference to the factors discussed throughout
this document. All forward-looking statements concerning economic conditions,
rates of growth, rates of income or values as may be included in this document
are based on information available to us on the dates noted, and we assume no
obligation to update any such forward-looking statements. It is important to
note that our actual results may differ materially from those in such
forward-looking statements due to fluctuations in interest rates, inflation,
government regulations, economic conditions and competitive product and pricing
pressures in the geographic and business areas in which we conduct operations,
including our plans, objectives, expectations and intentions and other factors
discussed elsewhere in this Report.




Certain
risk factors could materially and adversely affect our business, financial
conditions and results of operations and cause actual results or outcomes to
differ materially from those expressed in any forward-looking statements made by
us, and you should not place undue reliance on any such forward-looking
statements. Any forward-looking statement speaks only as of the date on which it
is made and we do not undertake any obligation to update any forward-looking
statement or statements to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of unanticipated
events. The risks and uncertainties we currently face are not the only ones we
face. New factors emerge from time to time, and it is not possible for us to
predict which will arise. There may be additional risks not presently known to
us or that we currently believe are immaterial to our business. In addition, we
cannot assess the impact of each factor on our business or the extent to which
any factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements. If any such risks occur, our
business, operating results, liquidity and financial condition could be
materially affected in an adverse manner. Under such circumstances, you may lose
all or part of your investment.




The
industry and market data contained in this report are based either on our
management’s own estimates or, where indicated, independent industry
publications, reports by governmental agencies or market research firms or other
published independent sources and, in each case, are believed by our management
to be reasonable estimates. However, industry and market data is subject to
change and cannot always be verified with complete certainty due to limits on
the availability and reliability of raw data, the voluntary nature of the data
gathering process and other limitations and uncertainties inherent in any
statistical survey of market shares. We have not independently verified market
and industry data from third-party sources. In addition, consumption patterns
and customer preferences can and do change. As a result, you should be aware
that market share, ranking and other similar data set forth herein, and
estimates and beliefs based on such data, may not be verifiable or
reliable.







PART
I




Item
1.  Description of Business




General




Organization





Flurida
Group, Inc. is a Nevada corporation formed on December 19, 2006, with registered
address at 502 East John Street, Carson City, NV 89706.  Flurida
Group, Inc. transacts its business in the U.S. as Flurida Group USA, Inc.
located in the State of Illinois and has principal office at 800 West Fifth
Avenue, Suite 210, Naperville, IL 60563.





In
addition to our U.S. operation, we have one representative office in China and
one subsidiary in Europe:





·
            Flurida
      Group Qingdao Office. (“Flurida Qiangdao”): Flurida Group Qingdao Office
      was on December 10, 2007.  It is aa representative office on
      behalf of Flurida Group, Inc. to conduct the business of trading services,
      distribution, and marketing of the appliance parts in China. The Flurida
      Group Qingdao Office is located at Room 301, Unit 1, Yulong Building, 19
      Miaoling Road, Qingdao, China
266061.





·
            Flurida
      Group European S.R.L (“Flurida European”): Flurida Group European S.R.L.
      was established on November 22, 2007.   The Flurida
      European is in the business of trading services, distribution, and
      marketing of the appliance parts in Europe.  Flurida European is
      located at Via locatelli 2, 21010 Vizzola, Ticino, VA-Italy.  It
      had not commenced its business as of the date of this registration
      statement.





Flurida
Group, Inc. is headquartered in 800 West Fifth Avenue, Suite 210, Naperville, IL
60563, USA.  Our telephone number is 630-778-8519.





Business





Our
business is the sale of appliance parts in Asia, Europe, North and South
America.  Our business is the sale of appliance parts in Asia, Europe,
North and South America.





Our
Products





We sell
the following types of appliance parts:





·
            Automatic Refrigerator Build-in
      Icemaker:The automatic refrigerator build-in icemaker is designed
      for household refrigeration products, such as refrigerator, under-counter
      refrigerator, freezer to make the ice cubes
  automatically.





·
            Refrigerator Through-Door Ice
      Water System:Refrigeration Through-Door Ice Water System is the
      system that stores the ice cubes harvested from the icemaker, delivered
      and dispensed the ice, crushed ice or water to the refrigerator door
      through the electronic control system at the front of the refrigerator
      door. The through-door ice water system normally includes the following
      assemblies: ice bucket assembly, motor rail assembly, module assembly,
      facade assembly, housing assembly. The ice bucket assembly and the motor
      rail assembly can be located in the freezer, in the refrigerator door and
      or sealed chamber in the refrigerator. The module assembly, facade
      assembly and housing assembly vary according to the specific design from
      each client.





·
            Shade Pole Motor and Motor
      Assembly for Refrigerator or Freezers:The shade pole
      motor and motor assembly is a key part for refrigerators or
      freezers.  Flurida Group Inc’s motor part is designed and
      specified for the refrigerators or freezers made by Electrolux, an US
      company located at Springfield, TN.




In 2008,
the Company sold total quantity of 45129 icemakers and 273672 motors to an US
company, Electrolux, located at Springfield, TN for $1,490,645.73, which is the
sum of $518,721.84 as sold and $ 971,923.89 as consignment sales.  The
icemakers and motors were manufactured and supplied by Zhong Nan Fu
Rui.  The icemakers and motors were shipped out at FOB shipping point
Qingdao, China.





In 2008,
the Company also sold 51,685 rolls of thermostats, CT-7 (RoHS), the key parts
for icemakers, to Zhong Nan Fu Rui.  The parts, CT-7 (RoHS) were
exclusively used for the icemakers purchase order by Electrolux.  The
Company purchased the parts, CT-7 (ROHS) from Wako Electronics, Inc., an US
Company located at Louisville, KY 40299 for $45,603.72.  Then, Flurida
Group, Inc. adds averaged 5% margin based on the cost of purchase, so,
$47,886.44 were sold and invoiced to Zhong Nan Fu Rui.





The
Company also sold 10,000 pieces of Rocker Switch, the key parts for icemakers,
to Zhong Nan Fu Rui.  The parts, Rocker Switch, were exclusively used
for the icemakers purchase order by Electrolux.  The Company purchased
the parts, Rocker Switch from CW Industries, an US Company located at
Southampton, PA 18966 for $ 5,080.01.  Then, Flurida Group, Inc. adds
averaged 5% margin based on the cost of purchase, so, $5,335 were sold and
invoiced to Zhong Nan Fu Rui.





Flurida
Group, Inc. adopted the cost plus pricing policies.  For the sales
value less than 2 million US dollars, the sales price will be cost of purchase
plus averaged 5% of cost.





In
summary, in the fiscal year ended December 31, 2008, the Company had total
revenue of $1,543,867 and cost of goods sold of $1,464,792.





Our
Supplier





The
products we will sell are manufactured in China by Zhong Nan Fu Rui Mechanical
Electronics Manufacturing Co., Ltd. (“Zhong Nan Fu Rui”).  It was
established in 2005 specializing in home appliance components and subassemblies
manufacturing, and located in Qingdao City, Shandong Province,
China.  On September 18, 2007, amended June 25, 2008 and further
amended on August 4, 2008, Flurida Group, Inc. signed a five year distribution
agreement with Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co.,
Ltd.  Zhong Nan Fu Rui is a Chinese manufacturing company owned 100%
by Mr. Jianfeng Ding, our president.  Under the terms of the agreement
Zhong Nan Fu Rui authorizes Flurida to be its exclusive sales agent for the ice
making product lines, including icemaker and ice water dispensing systems all
over the world. The ice making product lines shall include the products that
Zhong Nan Fu Rui developed before the agreement signed and the products that
will be developed solely by Zhong Nan Fu Rui during the term of the
agreement. Zhong Nan Fu Rui is the exclusive supplier of the products we
sell.  Although the distribution agreement requires that the purchase
price we will pay for these products will be comparable to what we would have
paid a non-related party in arm’s-length transactions, Mr. Ding may face a
conflict in calculating the price the products are sold to us and the
determining amount of products we purchase.  However, because Mr. Ding
has a fiduciary duty to us and our shareholders, he has indicated that he will
assure strict adherence to this provision of the agreement and will not require
us to purchase a quantity of products in excess of that which we can reasonably
afford or reasonably expect to sell in within two to three months of our
purchase of the products.





Customers





We sell
our product to refrigerator manufacturers such as Electrolux North America, ElectroluxItaly,
ElectroluxHungary, ElectroluxAustralia, B/S/H,
Liebherr, Haier, Midea, Melin.


Markets





We sell
our products in United States, Mexico, Canada, China, South Korea, Italy,
Germany, Holland, and Spain.





Marketing





Our
products will be sold directly by our officers, directors and employees to
customers and potential customers.  We will locate these customers
primarily by personal contacts or referrals.





Our Competition and Our
Market Position





Competition
within the appliance parts industry is intense. We will compete with both large
scale state-owned enterprises and smaller scale private companies. In addition,
we also face competition from international appliance parts
resellers.  Many of our competitors have substantially greater
financial, marketing, personnel and other resources than we do.




Our major
competitor in ice maker market is Japan Servo Co., Ltd. which is headquartered
in Japan. Japan Servo develops, manufactures and sells consumer and industrial
small motors, as fans, blowers and sensors, and motor application
products.  Japan Servo's Indonesia factory, PT.Japan Servo Batam
produces an aluminum icemaker. We believe based upon our knowledge of the
industry that we are about 25% the size of Japan Servo.  Japan Servo
currently primarily sells to GE and Electrolux in USA.





Our other
major competitor for ice maker and ice water dispensing system products is
Mid-South Industries Inc. (MSI) Headquartered in Gadsden, AL, United
States.   MSI mainly designs, produces and sells automobile
parts, telecommunication parts and refrigeration parts. MSI experienced a major
financial problem in 2005 year which caused them to lose the businesses with
Electrolux. MSI still produces a small volume of icemaker and has the capability
to design and produce icemaker and ice water system products.





Our major
competitors in motors for refrigerators or freezers are AO Smith in USA market,
EBM in Germany for Europe market, and Hua Yi Co., Ltd. in China
market.





We
compete with these and other suppliers based upon:





(1)
            Our
      larger and more focused design
group





(2)
            We
      offer a wider range of products.





(3)
            Our
      products are cost effective, but with highest quality control standard,
      all passed the ISO 9000 and UL
certification.





(4)
            We
      sell in a broader market throughout the world while our most competitors’
      products are only sold in regional
markets.





Research and
Development




We have
not incurred research and development expenses in the last two fiscal
years.





Our Intellectual
Property




We have
no intellectual property.




Our
Employees




We have
the following number of full time employees:





Clerical
–  0


Operations
– 5


Administrative
– 1


Management
– 3


Sales –
1





We have
no part time employees.  We have no collective bargaining agreement
with our employees.  We consider our relationship with our employees
to be excellent.




Additional
Information




We are a
public company and file annual, quarterly and special reports and other
information with the SEC. We are not required to, and do not intend to, deliver
an annual report to security holders. You may read and copy any document we file
at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C.
20549. You can request copies of these documents by writing to the SEC and
paying a fee for the copying cost. Please call the SEC at 1-800-SEC-0330 for
more information about the operation of the public reference room. Our filings
are also available, at no charge, to the public at http://www.sec.gov.




Item 2.  Description of
Property





We rent
the following properties:





1. Flurida Group Qingdao
Office





·
            Address:
      City/State/Zip :is located
       at Room 301, Unit 1, Yulong Building, 19 Miaoling Road, Qingdao,
      China 266061.


·
            Number
      of Square Feet:  800 Square
Feet


·
            Name
      of Landlord: Jianfeng Ding, a shareholder of Flurida Group,
      Inc.





·
            Term
      of Lease: Three Year (from January 1, 2008 to
      December 31, 2010)


·
            Monthly
      Rental: RMB 1800yuan (Chinese Rmb
      were translated to U.S. dollars using the first date of each month, the
      current exchange rate is 1 US dollar to 7.00 Chinese RMB, i.e, the rent is
      USD 257.14 per month )


·
            Adequate
      for current needs: √
      Yes




2. Flurida Group USA,
Inc.




Address:
City/State/Zip :is located at 800
West Fifth Avenue, Suite 210, Naperville, IL 60563.




·
            Number
      of Square Feet:  1500 Square
Feet


·
            Name
      of Landlord: Eight Hundred Corporate Building
  Partnership


·
            Term
      of Lease: ThreeYear (from Oct 1, 2007 to Sep 30,
      2010)


·
            Monthly
      Rental: $1705


·
            Adequate
      for current needs: √
      Yes




3. Flurida Group European
S.R.L




Address:
City/State/Zip :is located at Via
locatelli 2, 21010 Vizzola, Ticino, VA-Italy.




·
            Number
      of Square Feet:  400 Square
Feet


·
            Name
      of Landlord: TICIMPEX
      S.R.L


·
            Term
      of Lease: Three Year (from January 1, 2008 to
      December 31, 2010)


·
            Monthly
      Rental: euro1000 (EURO were
      translated to U.S. dollars using the first date of each month, the current
      currency exchange rate is 1 USD to 0.6420 Euro, i.e, the rent is USD
      1557.63 per month)


·
            Adequate
      for current needs: √
      Yes




We do not
intend to renovate, improve, or develop properties. We are not subject to
competitive conditions for property and currently have no property to insure. We
have no policy with respect to investments in real estate or interests in real
estate and no policy with respect to investments in real estate mortgages.
Further, we have no policy with respect to investments in securities of or
interests in persons primarily engaged in real estate
activities.




Item 3.Legal
Proceedings




We are
not a party to any material legal proceedings nor are we aware of any
circumstance that may reasonably lead any third party to initiate material legal
proceedings against us.




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




None





PART
II




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




MARKET
FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS




Trading
History




Our
common stock is quoted on the Over-The-Counter Bulletin Board under the symbol
“FLUG.” There were no trades in our stock as of December 31, 2008.  As
of March 31, 2009, there were approximately 134 stockholders of record of the
common stock (not including the number of persons or entities holding stock in
nominee or street name through various brokerage firms) and 38,990,827
outstanding shares of common stock.




Dividends




We have
never declared or paid any cash dividends on our common stock. For the
foreseeable future, we intend to retain any earnings to finance the development
and expansion of our business, and we do not anticipate paying any cash
dividends on our common stock. Any future determination to pay dividends will be
at the discretion of the Board of Directors and will be dependent upon then
existing conditions, including our financial condition and results of
operations, capital requirements, contractual restrictions, business prospects
and other factors that the Board of Directors considers relevant. Each holder of
our Series A preferred stock is entitled to a 10% per annum cumulative
dividend.




There are
no restrictions in our articles of incorporation or bylaws that prevent us from
declaring dividends. The Nevada Revised Statutes, however, prohibit us from
declaring dividends where, after giving effect to the distribution of the
dividend:




●
              we would not be able to pay our
      debts as they become due in the usual course of business;
      or
 
 ●
              our total assets would be less
      than the sum of our total liabilities plus the amount that would be needed
      to satisfy the rights of stockholders who have preferential rights
      superior to those receiving the distribution, unless otherwise permitted
      under our articles of
incorporation.




Securities
Authorized for Issuance Under Equity Compensation Plans




Flurida
Group had no equity compensation plans in place as of December 31,
2008.




Item
6. Selected Consolidated Financial Data




Not
required.





Item
7. Management’s Discussion and Analysis of Financial Condition and Results of
Operation





Overview





Our
business is the sale of appliance parts in Asia, Europe, North and South
America.  The main products that we sell to these markets are
icemakers, motors, appliance assemblies.





These
parts are manufactured in China by Zhong Nan Fu Rui Mechanical Electronics
Manufacturing Co., Ltd. (“Zhong Nan Fu Rui”)





Zhong Nan
Fu Rui was established in 2005 specializing in home appliance components and
subassemblies manufacturing, and located in Qingdao City, Shandong Province,
China.  On September 18, 2007, amended June 25, 2008 and further
amended on August 4, 2008, Flurida Group, Inc. signed a long-term distribution
agreement with Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co.,
Ltd.  Zhong Nan Fu Rui is a Chinese manufacturing company owned 100%
by Mr. Jianfeng Ding, our president.





We sell
the following types of appliance parts:





·
            Automatic Refrigerator Build-in
      Icemaker:The automatic refrigerator build-in icemaker is designed
      for household refrigeration products, such as refrigerator, under-counter
      refrigerator, freezer to make the ice cubes
  automatically.





·
            Refrigerator Through-Door Ice
      Water System:Refrigeration Through-Door Ice Water System is the
      system that stores the ice cubes harvested from the icemaker, delivered
      and dispensed the ice, crushed ice or water to the refrigerator door
      through the electronic control system at the front of the refrigerator
      door. The through-door ice water system normally includes the following
      assemblies: ice bucket assembly, motor rail assembly, module assembly,
      facade assembly, housing assembly. The ice bucket assembly and the motor
      rail assembly can be located in the freezer, in the refrigerator door and
      or sealed chamber in the refrigerator. The module assembly, facade
      assembly and housing assembly vary according to the specific design from
      each client.





·
            Shade Pole Motor and Motor
      Assembly for Refrigerator or Freezers:The shade pole
      motor and motor assembly is a key part for refrigerators or
      freezers.  Flurida Group Inc’s motor part is designed and
      specified for the refrigerators or freezers made by Electrolux, an US
      company located at Springfield, TN.





In 2008,
the Company sold total quantity of 45129 icemakers and 273672 motors to an US
company, Electrolux, located at Springfield, TN for $1,490,645.73, which is the
sum of $518,721.84 as sold and $ 971,923.89 as consignment sales.  The
icemakers and motors were manufactured and supplied by Zhong Nan Fu
Rui.  The icemakers and motors were shipped out at FOB shipping point
Qingdao, China.





In 2008,
the Company also sold 51,685 rolls of thermostats, CT-7 (RoHS), the key parts
for icemakers, to Zhong Nan Fu Rui.  The parts, CT-7 (RoHS) were
exclusively used for the icemakers purchase order by Electrolux.  The
Company purchased the parts, CT-7 (ROHS) from Wako Electronics, Inc., an US
Company located at Louisville, KY 40299 for $45,603.72.  Then, Flurida
Group, Inc. adds averaged 5% margin based on the cost of purchase, so,
$47,886.44 were sold and invoiced to Zhong Nan Fu Rui.





The
Company also sold 10,000 pieces of Rocker Switch, the key parts for icemakers,
to Zhong Nan Fu Rui.  The parts, Rocker Switch, were exclusively used
for the icemakers purchase order by Electrolux.  The Company purchased
the parts, Rocker Switch from CW Industries, an US Company located at
Southampton, PA 18966 for $ 5,080.01.  Then, Flurida Group, Inc. adds
averaged 5% margin based on the cost of purchase, so, $5,335 were sold and
invoiced to Zhong Nan Fu Rui.





Results of
Operations





For the fiscal years ended
December 31, 2008 vs. December 31, 2007.





Revenue





We had no
revenue for the fiscal year ended December 31, 2007.





For the
fiscal year ended December 31, 2008, we had revenue of $1,543,867 from
parts, motors and icemaker sales.





Cost of
Revenue





Our Costs
of Goods Sold, as we expected will increased slightly due to increasing Chinese
Yuan’s currency exchange rate, labor costs, and raw materials.  We
anticipate this trend to continue and may adjust our unit price upward to reduce
the impact of rising costs.





As there
was no revenue realized in the fiscal year ended December 31, 2007, there was no
cost of goods sold incurred.





During
the year ended December 31, 2008, the Company incurred the total cost of
goods sold of $1,464,792 for the purchases of parts, motor, and icemakers for
the total sales of 273,672 pieces motors and 45,129 pieces icemakers to
Electrolux, a US Company.





Expense





Our
expenses consist of selling, general and administrative expenses.





2008
                        
                        
                        2007
                        
                        
                        2006Administration
      Expense
                        
                        $
                        8,380.10
                        
                        
                        $
                        -
                        
                        
                        $
                        -Organization
      Cost
                        
                        
                        -
                        
                        
                        
                        12,058.00
                        
                        
                        
                        1,500.00Bank
      Service Charges
                        
                        
                        1,355.21
                        
                        
                        
                        199.24
                        
                        
                        
                        -Business
      operation tax
                        
                        
                        3,660.87
                        
                        
                        
                        -
                        
                        
                        
                        -Business
      Registration
                        
                        
                        1,022.36
                        
                        
                        
                        215.00
                        
                        
                        
                        -Edgar
      SEC Filing fee
                        
                        
                        6,570.00
                        
                        
                        
                        -
                        
                        
                        
                        -FLU
      Europe Operating Expense
                        
                        
                        29,959.17
                        
                        
                        
                        -
                        
                        
                        
                        -Insurance
      Expense
                        
                        
                        1,484.17
                        
                        
                        
                        1,015.60
                        
                        
                        
                        -Office
      Supplies
                        
                        
                        68.45
                        
                        
                        
                        768.66
                        
                        
                        
                        -Payroll
      - EUROPE
                        
                        
                        31,632.82
                        
                        
                        
                        -
                        
                        
                        
                        -Payroll
      Expense - ERHosing
      public accum fund -ER
                        
                        
                        1,514.81
                        
                        
                        
                        -
                        
                        
                        
                        -Social  insurance-ER
                        
                        
                        5,019.62
                        
                        
                        
                        -
                        
                        
                        
                        -Payroll
      Expense - ER - Other
                        
                        
                        3,564.83
                        
                        
                        
                        -
                        
                        
                        
                        -Total
      Payroll Expense - ER
                        
                        $
                        10,099.26
                        
                        
                        $
                        -
                        
                        
                        $
                        -Payroll
      Expenses - EEHousing
      public accum fund -EE
                        
                        
                        1,514.81
                        
                        
                        
                        -
                        
                        
                        
                        -Net
      Wage Payment-EE
                        
                        
                        47,067.93
                        
                        
                        
                        -
                        
                        
                        
                        -Social
      Insurance-EE
                        
                        
                        1,704.19
                        
                        
                        
                        -
                        
                        
                        
                        -Payroll
      Expenses - EE - Other
                        
                        
                        568.99
                        
                        
                        
                        
                        
                        
                        
                        -Total
      Payroll Expenses - EE
                        
                        $
                        50,855.92
                        
                        
                        $
                        -
                        
                        
                        $
                        -Postage &Shipping
                        
                        
                        3,449.18
                        
                        
                        
                        -
                        
                        
                        
                        -Professional
      FeesLegal
      fee
                        
                        
                        25,250.00
                        
                        
                        
                        -
                        
                        
                        
                        -SEC
      Auditing
                        
                        
                        15,000.00
                        
                        
                        
                        -
                        
                        
                        
                        -Professional
      Fees - Other
                        
                        
                        38,883.39
                        
                        
                        
                        -
                        
                        
                        
                        -Total
      Professional Fees
                        
                        $
                        79,133.39
                        
                        
                        $
                        -
                        
                        
                        $
                        -Rent
      Expense
                        
                        
                        20,580.00
                        
                        
                        
                        6,115.00
                        
                        
                        
                        -Telephone
      Expense
                        
                        
                        1,871.68
                        
                        
                        
                        332.99
                        
                        
                        
                        -Transfer
      Agent ServiceCertificate
      Fee
                        
                        
                        3,230.00
                        
                        
                        
                        -
                        
                        
                        
                        -Set
      up & Application Fee
                        
                        
                        1,475.00
                        
                        
                        
                        -
                        
                        
                        
                        -Total
      Transfer Agent Service
                        
                        $
                        4,705.00
                        
                        
                        $
                        -
                        
                        
                        $
                        -Travel
      ExpenseAirfare
                        
                        
                        3,022.69
                        
                        
                        
                        -
                        
                        
                        
                        -Car
      Rental
                        
                        
                        245.91
                        
                        
                        
                        -
                        
                        
                        
                        -Hotel
      Expense
                        
                        
                        2,576.49
                        
                        
                        
                        -
                        
                        
                        
                        -Travel
      Expense - Other
                        
                        
                        840.43
                        
                        
                        
                        5.81
                        
                        
                        
                        -Total
      Travel Expense
                        
                        $
                        6,685.52
                        
                        
                        $
                        5.81
                        
                        
                        $
                        -Total
      Expense
                        
                        $
                        261,513.10
                        
                        
                        $
                        20,710.30
                        
                        
                        $
                        1,500.00





We had
essentially no revenue and $1500 organization cost for setting up Flurida
Group, Inc. in the state of Nevada in the fiscal year ended December 31, 2006,
and no revenue for 2007 and the organization cost of $12,058.14 incurred for
registering Flurida Group European branch in Italy on December 2007, which was
expensed by the Company as selling, general, and administrative expense for the
year 2007.  Started from January 2008, Qingdao, China representative office
hired 7 employees for assisting the operation of the business, and one Sales in
European branch, which occurred a payroll expense of $ 92,588 for the period end
December 31, 2008.  For maintaining and operating the Italy branch,
amount of $ 29,959.17 was expensed.





We expect
selling, general, and administrative expenses to increase in future periods as
we initiate a number of marketing and promotional activities.





Income
Taxes





We are
subject to income taxes in the U.S., while the subsidiary in Italy is subject to
the income tax laws of Italy.  The representative sales office in
China is not subject to Chinese income tax.





We paid
no income taxes for the year ended December 31, 2006, December 31, 2007 and
December 31, 2008 due to the net operation loss.





NetLoss





We
incurred net losses of ($1500) for the period ended December 31, 2006, net loss
of ($19,119) for the period ended December 31, 2007 and ($165,636) for the
period ended December 31, 2008.





Commitments
and Contingencies





The
Company has signed a long-term distribution agreement with Zhong Nan Fu Rui
Mechanical Electronics Manufacturing Co., Ltd.  Zhong Nan Fu Rui is a
Chinese manufacturing company owned 100% by Mr. Jianfeng Ding, also the founder
of Flurida Group, Inc.  Also, On June 2008, the company signed a
consigned inventory agreement with an US company, Electrolux Home Products DE
Mexico, S.A.DEC.V (Electrolux).





Foreign
Currency Translation





The
Company has determined the United States dollars to be its functional currency
for Flurida Group USA; People’s Republic of China Chinese Yuan Renminbi to be
its functional currency in Flurida Qingdao office; and European Euro to be its
functional currency for our Italian subsidiary.  Assets and
liabilities were translated to U.S. dollars at the period-end exchange
rate.  The exchange rate of issuance of common stocks to shareholders
was used as one U.S. dollar to 6.83 Chinese Yuan
(RMB).  Statement of operations amounts were translated to U.S.
dollars using the historic rate, i.e., the rate at first date of each month
during the year.  Gains and losses resulting from translating foreign
currency financial statements are accumulated in other comprehensive income
(loss), a separate component of shareholders’ equity.





Liquidity
and Capital Resources





Flurida
Group, Inc





At
      December
                    31
                  
                  
                  At
      December
                    312008
                  
                  
                  2007Current
      Ratio
                  
                  
                  2.76
                  
                  
                  
                  1.06Cash
                  
                  $
                  605,932
                  
                  
                  $
                  1,249,499Working
      Capital
                  
                  $
                  605,932
                  
                  
                  $
                  1,249,499Total
      Assets
                  
                  $
                  1,731,957
                  
                  
                  $
                  1,249,499Total
      Liabilities
                  
                  $
                  628,137
                  
                  
                  $
                  1,179,547Total
      Equity
                  
                  $
                  1,103,820
                  
                  
                  $
                  69,953Total
      Debt/Equity
                  
                  
                  0.57
                  
                  
                  
                  16.86





*Current
Ratio = Current Assets /Current Liabilities





** Total
Debt / Equity = Total Liabilities / Total Shareholders Equity.







The
Company had cash and cash equivalents of $1,249,499 at December 31, 2007 and the
same amount of working capital, and $ 605,932 at December 30, 2008 and the same
amount of working capital.





The total
debt of $1,179,547 for December 31, 2007 includes the $1500 initial organization
cost loan from shareholders, plus the loan $1,178,047 from shareholders
convertible to common shares at the annual interest rate of 8%.  As of
April 15, 2008, all the loans from shareholders converted to common shares
and the initial organization cost $1500 for the loan from
shareholders was pay off at 2008.




On April
1, 2008, seven non-affiliated loan holders asked for repayment of their loans in
the aggregate amount of $ 25,067 plus the total interest accrued $624.72, which
was paid on the same date, April 1, 2008; meantime, seven additional lenders
loaned an aggregate amount of $ 9,926.
On April 15, 2008, total loan amount of $1,164,906 was converted to common
shares at price of $0.10 per share, for the total shares of 11,649,067 shares,
which were issued to the loans holders. Therefore, as of April 15, 2008, total
shares issued and outstanding are 38,990,827.





Among the
loan holders set forth above, the following individuals are officers, or
directors, or the shareholders of more that 5% of issued common
stock:





During
the year ended December 31, 2008, the executive and non-executive officers and
directors have advanced the Company for the amount of $ 609,200 (The Following
Table). All the loans are converted to common shares for total common shares of
6,092,000 on April 15, 2008.





Name
                                  
                                  Title
                                  
                                  Loans
      Convert
                                    to
      Common
                                    Share
                                    (4/15/2008)Jianfeng
      Ding
                                  
                                  CEO
                                  
                                  $
                                  300,000.00Yaru
      Huang
                                  
                                  CFOYing
      Zhong
                                  
                                  Chief
      Representative, China Office
                                  
                                  $
                                  200,000.00Fenglan  Li
                                  
                                  Financial
      Manager
                                  
                                  $
                                  15,000.00Fuling  Li
                                  
                                  Operation
      Manager
                                  
                                  $
                                  10,000.00Xiaoyong
      Fu
                                  
                                  Board
      Member
                                  
                                  $
                                  75,000.00Gian
      Franco Barbieri
                                  
                                  Manager
      Director, Flurida Europe Company
                                  
                                  $
                                  9,200.00Total
                                  
                                  
                                  
                                  $
                                  609,200.00




Therefore,
among the total loan amount of $1,164,906 converted to common shares at price of
$0.10 per share on April 15, 2008, for the total shares of 11,649,067 shares,
the total of $ 609,200 are from officers, directors, or shareholders of more
than 5% of common shares.





As a
result, the total debt of $ 628,137 for December 31, 2008 includes the
account payable of $ 626,868
and the credit card payable of $ 1,269.







Our
independent auditor has indicated that our lack of operating history and
financial resources raise substantial doubt about its ability to continue as a
going concern. The financial statements do not include adjustments that might
result from the outcome of this uncertainty and if the Company is unable to
generate significant revenue or secure financing, then the Company may be
required to cease or curtail its operations. However, due to the close
relationship between the Company and it’s supplier, Zhong Nan Fu Rui, which is
100% owned by the founder, Jianfeng Ding, Zhong Nan Fu Rui’s current customers
can be served by the Company for the same quality of products and services.
Besides, as of December 31, 2008, the cash and cash equivalent balance was
$605,932 , the management believes that the revenues will be generated and its
cash flows will be maintained to cover its operational costs and the risk of
going concern in long term is significantly low.
  Interest
Rate Risk





We do not
have significant interest rate risk, as our debt obligations (i.e., notes
payables to shareholders which can be converted to common
stocks).  The annual interest rate of notes payable is 8%, and the
interest expense would be accrued if the notes were not converted to common
shares, and the notes holders request the Company for repayment of principles
plus the interest.  Seven non-affiliated loan holders asked the
Company for repayment of notes plus interest on April 1, 2008.  All
remaining loan holders converted their loans to common shares on April 15,
2008.




Item
      7A.
              Quantitative
      and Qualitative Disclosures About Market
Risk
  Not
required.




Item 8.
            Financial
      Statements


FLURIDA
GROUP, INC.
 (A
Development Stage Enterprise)
  Audited
Financial Statements
  As
of December 31, 2008, 2007, and 2006
  1
 
 Table
of Contents
 
 Independent
      Auditor’s Report on the Consolidated Financial Statements
                  3Independent
      Auditor’s Report on Internal Control over Financial
    ReportingBalance
      Sheets
                  4Statement
      of Operation
                  5Shareholders
      Equity
                  6Notes
      to Financial Statements
                  8
  2
 
 Independent Registered
Public Accounting Firm’s Auditor’s Report on the
 Consolidated Financial
Statements
 
 Board
of Directors and Shareholders of Flurida Group, Inc.
 
 We have
audited the accompanying consolidated balance sheets of Flurida Group, Inc. and
Subsidiary Companies as of December 31, 2008, 2007, and 2006, and the related
consolidated statements of loss, shareholders’ equity, and cash flows for year
ended December 31, 2008, 2007, the period December 19, 2006 (date of inception)
through December 31, 2006, and the cumulative period from December 19, 2006
(date of inception) through December 31, 2008.  These consolidated
financial statements are the responsibility of the Company’s
management.  Our responsibility is to express an opinion on these
consolidated financial statements based on our audit.
 
 We
conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audit 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 audit provides a reasonable basis
for our opinion.
 
 In our
opinion, the consolidated financial statements referred to above present fairly,
in all material respects, the financial position of Flurida Group, Inc. and
Subsidiary Companies as of December 31, 2008, 2007, and 2006, and the results of
its operations and their cash flows for the year ended December 31,2008, 2007,
the period December 19, 2006 (date of inception) through December 31, 2006, and
the cumulative period from December 19, 2006 (date of inception) through
December 31, 2008 in conformity with accounting principles generally accepted in
the United States of America.
 
 /s/Enterprise CPAs,
Ltd.
 
 Enterprise
CPAs, Ltd.
 
 April 6,
2009
  3
 
 FLURIDA
GROUP, INC.
 (A
Development Stage Enterprise)
 CONSOLIDATED
BALANCE SHEETS
 
 December 31
                      
                      
                      December 31
                      
                      
                      December 312008
                      
                      
                      2007
                      
                      
                      2006ASSETSCurrent
      assets:Cash
      and cash equivalents
                      
                      $
                      605,932
                      
                      
                      $
                      1,249,499
                      
                      
                      $
                      -Accounts
      receivable, net
                      
                      
                      479,431
                      
                      
                      
                      -
                      
                      
                      
                      -Total
      Current Assets
                      
                      $
                      1,085,363
                      
                      
                      $
                      1,249,499
                      
                      
                      $
                      -Property,
      plant and equipment, net
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -Other
      assets:Consignment
      Inventory
                      
                      $
                      530,170
                      
                      
                      $
                      -
                      
                      
                      $
                      -Ending
      Inventory
                      
                      
                      116,424
                      
                      
                      
                      -
                      
                      
                      
                      -Total
      Other Assets
                      
                      $
                      646,594
                      
                      
                      $
                      -
                      
                      
                      $
                      -TOTAL
      ASSETS
                      
                      $
                      1,731,957
                      
                      
                      $
                      1,249,499
                      
                      
                      $
                      -LIABILITIES
      & EQUITYCurrent
      liabilities:Loans
      from shareholders
                      
                      $
                      -
                      
                      
                      $
                      1,179,547
                      
                      
                      $
                      1,500Account
      Payable
                      
                      
                      626,868
                      
                      
                      
                      -
                      
                      
                      
                      -Credit
      Card Payable
                      
                      
                      1,269
                      
                      
                      
                      -
                      
                      
                      
                      -Total
      Current Liabilities
                      
                      $
                      628,137
                      
                      
                      $
                      1,179,547
                      
                      
                      $
                      1,500Stockholders'
      Equity:Common
      stock, $0.001 par value; 200,000,000 shares authorized; 38,990,827 shares
      issued and outstanding.
                      
                      $
                      38,991
                      
                      
                      $
                      7,292
                      
                      
                      $
                      -Paid-in
      capital
                      
                      
                      1,221,613
                      
                      
                      
                      63,406
                      
                      
                      
                      -Deficit
      accumulated during the development stage
                      
                      
                      (186,255
                      )
                      
                      
                      (20,619
                      )
                      
                      
                      (1,500
                      )Accumulated
      other comprehensive Income(Loss)
                      
                      
                      29,471
                      
                      
                      
                      (126
                      )
                      
                      
                      -Total
      stockholders' equity
                      
                      $
                      1,103,820
                      
                      
                      $
                      69,953
                      
                      
                      $
                      (1,500
                      )TOTAL
      LIABILITIES & EQUITY
                      
                      $
                      1,731,957
                      
                      
                      $
                      1,249,499
                      
                      
                      $
                      -
  4
 
 FLURIDA
GROUP, INC.
 (A
Development Stage Enterprise)
 CONSOLIDATED
STATEMENT OF LOSS
 
 Period
                              
                              
                              Cumulative fromDecember 19, 2006
                              
                              
                              December 19, 2006(Date of Inception)
                              
                              
                              (Date of Inception)Year Ended
                              
                              
                              Year Ended
                              
                              
                              Through
                              
                              
                              ThroughDecember 31,
                              
                              
                              December
                                31,
                              
                              
                              December 31,
                              
                              
                              December 31,2008
                              
                              
                              2007
                              
                              
                              2006
                              
                              
                              2008Revenues:
                              
                              $
                              1,543,867
                              
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              1,543,867Cost
      of Goods Sold
                              
                              $
                              1,464,792
                              
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              1,464,792Gross
      Profit
                              
                              $
                              79,075
                              
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              79,075Operating
      expenses:Research
      and development
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Selling,
      general and administrative expenses
                              
                              
                              261,513
                              
                              
                              
                              20,710
                              
                              
                              
                              1,500
                              
                              
                              
                              283,723Depreciation
      and amortization expenses
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Total
      Operating Expenses
                              
                              
                              261,513
                              
                              
                              
                              20,710
                              
                              
                              
                              1,500
                              
                              
                              
                              283,723Operating
      Loss
                              
                              $
                              (182,438
                              )
                              
                              $
                              (20,710
                              )
                              
                              $
                              (1,500
                              )
                              
                              $
                              (204,648
                              )Investment
      income, net
                              
                              $
                              17,427
                              
                              
                              $
                              1,591
                              
                              
                              $
                              -
                              
                              
                              $
                              19,018Interest
      Expense, net
                              
                              
                              625
                              
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              625Loss
      before taxes
                              
                              $
                              (165,636
                              )
                              
                              $
                              (19,119
                              )
                              
                              $
                              (1,500
                              )
                              
                              $
                              (186,255
                              )Loss
      tax expense
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              $
                              -Net
      Loss
                              
                              $
                              (165,636
                              )
                              
                              $
                              (19,119
                              )
                              
                              $
                              (1,500
                              )
                              
                              $
                              (186,255
                              )Net
      Loss per common share-Basics ( Note B)
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.01
                              )Net
      Loss per common share-Diluted ( Note B)
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.01
                              )Other
      comprehensive Income(Loss), net of tax:Foreign
      currency translation adjustments
                              
                              
                              29,597
                              
                              
                              
                              (126
                              )
                              
                              
                              -
                              
                              
                              
                              29,471Total
      other comprehensive Income(Loss)
                              
                              $
                              29,597
                              
                              
                              $
                              (126
                              )
                              
                              $
                              -
                              
                              
                              $
                              29,471Comprehensive
      Loss
                              
                              $
                              (136,039
                              )
                              
                              $
                              (19,245
                              )
                              
                              $
                              (1,500
                              )
                              
                              $
                              (156,784
                              )
 
 5
 
 FLURIDA
GROUP, INC.
 (A
Development Stage Enterprise)
 CONSOLIDATED
STATEMENT OF STOCKHOLDERS EQUITY
 FOR
THE PERIOD ENDED DECEMBER 31, 2008
 
 DeficitAccumulated
                        
                        
                        AccumulatedAdditional
                        
                        
                        During
      the
                        
                        
                        Other
                        
                        
                        TotalCommon
      Stock
                        
                        
                        Paid-in
                        
                        
                        Development
                        
                        
                        Comprehensive
                        
                        
                        Stockholders'Shares
                        
                        
                        Amount
                        
                        
                        Capital
                        
                        
                        Stage
                        
                        
                        Income
      (Loss)
                        
                        
                        EquityNet loss for the year
      ended December 31 ,
      2006
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        (1,500
                        )
                        
                        
                        
                        
                        $
                        (1,500
                        )Balance,
      December 31, 2006
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        (1,500
                        )
                        
                        
                        
                        
                        $
                        (1,500
                        )Proceeds from sale of
      common stock @0.001
      per share on August 20,
      2007
                        
                        
                        25,997,760
                        
                        
                        $
                        25,998
                        
                        
                        $
                        -
                        
                        
                        $
                        -
                        
                        
                        
                        
                        
                        $
                        25,998Issuance of common stocks to shareholders
      @0.05 per share
      on December 10,
      2007
                        
                        
                        1,294,000
                        
                        
                        $
                        1,294
                        
                        
                        $
                        63,406
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        64,700Adjustment for Exchange
      rate
      changes
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        (126
                        )
                        
                        $
                        (126
                        )Net loss for the year
      ended December 31,
      2007
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        (19,119
                        )
                        
                        
                        
                        
                        
                        $
                        (19,119
                        )Balance,
      December 31, 2007
                        
                        
                        27,291,760
                        
                        
                        $
                        27,292
                        
                        
                        $
                        63,406
                        
                        
                        $
                        (20,619
                        )
                        
                        $
                        (126
                        )
                        
                        $
                        69,953Issuance of common stocks to Williams @0.10 per share on April 15,
      2008
                        
                        
                        50,000
                        
                        
                        $
                        50
                        
                        
                        $
                        4,950
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        5,000Issuance of common stocks to convert loans
      @0.10 per share
      on April 15,
      2008
                        
                        
                        11,649,067
                        
                        
                        $
                        11,649
                        
                        
                        $
                        1,153,257
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        1,164,906Net Loss for the period
      ended December 31,
      2008
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        $
                        (165,636
                        )
                        
                        $
                        29,597
                        
                        
                        $
                        (136,039
                        )Balance,
      December 31, 2008
                        
                        
                        38,990,827
                        
                        
                        $
                        38,991
                        
                        
                        $
                        1,221,613
                        
                        
                        $
                        (186,255
                        )
                        
                        $
                        29,471.23
                        
                        
                        $
                        1,103,820
  6
 
 FLURIDA
GROUP, INC.
 (A
Development Stage Enterprise)
 CONSOLIDATED
STATEMENT OF CASH FLOWS
 
 Period
                                                            
                                                            
                                                            CumulativeDecember 19,
                                                            
                                                            
                                                            from
                                                              December2006 (Date of
                                                            
                                                            
                                                            19, 2006
                                                              (DateInception)
                                                            
                                                            
                                                            of Inception)Year Ended
                                                            
                                                            
                                                            Year Ended
                                                            
                                                            
                                                            Through
                                                            
                                                            
                                                            ThroughDecember 31
                                                            
                                                            
                                                            December 31
                                                            
                                                            
                                                            December 31,
                                                            
                                                            
                                                            December 31,2008
                                                            
                                                            
                                                            2007
                                                            
                                                            
                                                            2006
                                                            
                                                            
                                                            2008Operating
      Activities:Net
      Loss
                                                            
                                                            $
                                                            (165,636
                                                            )
                                                            
                                                            $
                                                            (19,119
                                                            )
                                                            
                                                            $
                                                            (1,500
                                                            )
                                                            
                                                            $
                                                            (186,255
                                                            )Adjustments
      to reconcile net income to net cash provided by operating
      activities:Non-cash
      portion of share based legal fee expense
                                                            
                                                            
                                                            5,000
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            5,000Consignment
      Inventory
                                                            
                                                            
                                                            (530,170
                                                            )
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            (530,170
                                                            )Ending
      Inventory
                                                            
                                                            
                                                            (116,424
                                                            )
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            
                                                            (116,424
                                                            )Decrease
      in account receivable
                                                            
                                                            
                                                            (479,431
                                                            )
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            (479,431
                                                            )Decrease  in
      other payable
                                                            
                                                            
                                                            (1,500
                                                            )
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            (1,500
                                                            )Increase
      in account payable
                                                            
                                                            
                                                            626,868
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            626,868Increase
      in credit card payable
                                                            
                                                            
                                                            1,269
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            1,269Net
      cash provided by operating activities
                                                            
                                                            $
                                                            (660,024
                                                            )
                                                            
                                                            $
                                                            (19,119
                                                            )
                                                            
                                                            $
                                                            (1,500
                                                            )
                                                            
                                                            $
                                                            (680,643
                                                            )Investing
      Activities:Organization
      cost
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -Net
      cash provided by investing activities
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            -Financing
      Activities:Proceeds
      from issuance of common stock
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            90,698
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            90,698Proceeds
      from loan from shareholders
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            1,178,046
                                                            
                                                            
                                                            
                                                            1,500
                                                            
                                                            
                                                            
                                                            1,179,546Repay
      loans to shareholders (Note B)
                                                            
                                                            
                                                            (25,066
                                                            )
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            (25,066
                                                            )Proceeds
      from loan from shareholders (Note B)
                                                            
                                                            
                                                            11,926
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            -
                                                            
                                                            
                                                            
                                                            11,926Net
      cash provided by financing activities (Note B)
                                                            
                                                            $
                                                            (13,140
                                                            )
                                                            
                                                            $
                                                            1,268,744
                                                            
                                                            
                                                            $
                                                            1,500
                                                            
                                                            
                                                            $
                                                            1,257,104Effect
      of  Exchange Rate on Cash
                                                            
                                                            $
                                                            29,597
                                                            
                                                            
                                                            $
                                                            (126
                                                            )
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            29,471Net
      increase (decrease) in cash and cash equivalents
                                                            
                                                            $
                                                            (643,567
                                                            )
                                                            
                                                            $
                                                            1,249,499
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            605,932Cash
      and cash equivalents at beginning of the year
                                                            
                                                            $
                                                            1,249,499
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            -Cash
      and cash equivalents at end of year
                                                            
                                                            $
                                                            605,932
                                                            
                                                            
                                                            $
                                                            1,249,499
                                                            
                                                            
                                                            $
                                                            -
                                                            
                                                            
                                                            $
                                                            605,932
  7
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
A- BUSINESS DESCRIPTION
 
 Flurida
Group, Inc. (the “Company”), incorporated under the laws of Nevada on December
19, 2006, with registered address at 502 East John Street, Carson City, NV
89706.  Flurida Group, Inc. operates its business in USA as Flurida
Group USA, Inc., the Company’s wholly owned branch located in the State of
Illinois and has principle office at 800 West Fifth Avenue, Suite 210,
Naperville, IL 60563.
 
 Besides
USA operation, Flurida Group, Inc. also established one representative office in
China and one subsidiary in Europe:
 
 Flurida
Group Qingdao Office. (“Flurida Qingdao”): Flurida Group Qingdao Office is
registered on December 10, 2007.  It is a representative office on
behalf of Flurida Group, Inc. to conduct the business of trading services,
distribution, and marketing of the appliance parts in China. The Flurida Group
Qingdao Office is located at Room 301, Unit 1, Yulong Building, 19 Miaoling
Road, Qingdao, China 266061.  Flurida Qingdao
 
 Flurida
Group European S.R.L (“Flurida European”): Flurida Group European S.R.L. was
established on December 28, 2007 and is 100% owned by Flurida Group,
Inc.  Flurida European is in the business of trading services,
distribution, and marketing of the appliance parts in Europe.  The
Flurida European is located at Via locatelli 2, 21010 Vizzola, Ticino,
VA-Italy.
 
 The
Company’s main business includes sourcing, distribution and marketing of
appliance parts in Asia, Europe, North and South America.
 
 These
parts are manufactured in China by Zhong Nan Fu Rui Mechanical Electronics
Manufacturing Co., Ltd. (“Zhong Nan Fu Rui”).  It was established in
2005 specializing in home appliance components and subassemblies manufacturing,
and located in Qingdao City, Shandong Province, China.  On September
18, 2007, Flurida Group, Inc. signed a long-term distribution agreement with
Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co., Ltd.  Zhong
Nan Fu Rui is a Chinese manufacturing company owned 100% by Mr. Jianfeng Ding,
the founder of the Company.
  8
  FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
  NOTE
B – SIGNIFICANT ACCOUNTING POLICIES
 
 Basis of
accounting
 
 The
financial statements reflect the assets, revenues and expenditures of the
Company on the accrued basis of accounting.
 
 Principles of
Consolidation
 
 The
consolidated financial statements of the Company include the accounts of Flurida
Group USA, Flurida Group Qingdao Office, and Flurida Group European
S.R.L.  All significant intercompany balances and transactions have
been eliminated in consolidation.
 
 Use of
Estimates
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles in the United States of America requires management to
make estimates and assumptions that affect certain amounts reported in the
financial statements and disclosures.  Accordingly, actual results
could differ from those estimates.
 
 Cash and Cash
Equivalents
 
 The
Company considers all highly-liquid investments with an original maturity of
three months or less when purchased to be cash equivalents.
 
 Foreign Currency
Translation
 
 The
Company has determined the United States dollars to be its functional currency
for Flurida Group USA; People’s Republic of China Chines Yuan Renminbi to be its
functional currency in Flurida Qingdao office; and European Euro to be its
functional currency.  Assets and liabilities were translated to U.S.
dollars at the period-end exchange rate.  Statement of operations
amounts were translated to U.S. dollars using the first date of each month
during the year.  Gains and losses resulting from translating foreign
currency financial statements are accumulated in other comprehensive income
(loss), a separate component of shareholders’ equity.
  9
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 NOTE
B – SIGNIFICANT ACCOUNTING POLICIES
 
 Property, Plant, and
Equipment Depreciation
 
 Property,
plant, and equipment are stated at cost.  Depreciation is being
provided principally by straight line methods over the estimated useful lives of
the assets.  As of December 31, 2008, there were no fixed assets in
the Company’s balance sheets.
 
 Stock-Based
Compensation
 
 The
Company accounts for stock issued for services using the fair value
method.  In accordance with Emerging Issues Task Force (“EITF”) 96-98,
the measurement date of shares issued for services is the date at which the
counterparty’s performance is complete.
 
 Basics and Diluted Net Loss
Per Common Share
 
 The
Company computes per share amounts in accordance with SFAS No. 128, “Earnings
per Share”.  SFAS No. 128 requires presentation of basis and diluted
EPS.  Basic EPS is computed by dividing the income (loss) available to
Common Shareholders by the weighted-average number of common shares outstanding
for the period.  Diluted EPS is based on the weighted-average number
of shares of common stock and common stock equivalents outstanding during the
periods.
 
 The
Company only issued one type of shares, i.e., common shares
only.  There are no other types securities were
issued.  Accordingly, the diluted and basics net loss per common share
are the same.
 
 In 2006,
the Company did not issue any shares to any shareholders.  Therefore,
in 2006, there are no outstanding common shares available.  The
diluted and basics net loss per common share for the period from December 19
(Date of inception) to December 31, 2006, is zero. And the following table I
illustrated the calculations for basics and diluted net loss per common share
for the year 2007. Table II shows the calculations for basics and diluted net
loss per common share for the year 2008 and cumulative period from December 19
(Date of inception) through December 31, 2008.
  10
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
  NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Basics and Diluted Net Loss
Per Common Share ( Continued)
 
 
 Table
      I
                  Year
      2007Basic
      & Diluted EPS ComputationNet
      Loss
                  
                  
                  $
                  (19,119
                  )Loss
      available to common stockholders
                  
                  
                  $
                  (19,119
                  )
 
 Dates
                
                Shares
                
                Fraction of
                  Period
                
                Weighted -Outstanding
                
                Outstanding
                
                On Daily Basis
                
                Average SharesAugust
      20, 2007
                
                25,997,760
                
                134
      / 365
                
                9,544,383December
      24, 2007
                
                1,294,000
                
                8 /
      365
                
                28,362Weighted-average
      shares
                
                
                
                
                
                9,572,745Basic
      & Diluted Net Loss Per Common Share
                ($0.00
                )
 
 Table
II
 Year
      2008Basic
      & Diluted EPS ComputationNet
      Loss
                    
                    
                    
                    
                    
                    
                    
                    $
                    (165,636
                    )Loss
      available to common stockholders
                    
                    
                    
                    
                    
                    
                    
                    $
                    (165,636
                    )Dates
                    
                    Shares
                    
                    
                    Fraction
      of
                      Period
                    
                    
                    Weighted
      -Outstanding
                    
                    Outstanding
                    
                    
                    On
      Daily Basis
                    
                    
                    Average
      SharesJanuary
      1, 2008
                    
                    
                    27,291,760
                    
                    
                    
                    1
                    
                    
                    
                    27,291,760April
      15, 2008
                    
                    
                    11,699,067
                    
                    
                    
                    260/365
                    
                    
                    
                    8,333,582December
      31, 2008
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0Weighted-average
      shares
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    35,625,342Basic
      & Diluted Net Loss Per Common Share
                    
                    $
                    (0.00
                    )
  11
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
  NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Cumulative
      Period From December 19 2006 to December 31, 2008Basic
      & Diluted EPS ComputationNet
      Loss December 31, 2006
                      
                      
                      
                      
                      
                      
                      
                      $
                      (1,500
                      )Net
      Loss December 31, 2007
                      
                      
                      
                      
                      
                      
                      
                      $
                      (19,119
                      )Net
      Loss December 31, 2008
                      
                      
                      
                      
                      
                      
                      
                      $
                      (165,636
                      )Loss
      available to common stockholders
                      
                      
                      
                      
                      
                      
                      
                      $
                      (186,255
                      )Dates
                      
                      Shares
                      
                      
                      Fraction
      of Period
                      
                      
                      Weighted
      -Outstanding
                      
                      Outstanding
                      
                      
                      On
      Daily Basis
                      
                      
                      Average
      SharesDecember
      19, 2006
                      
                      
                      0
                      
                      
                      
                      0
                      
                      
                      
                      0August
      20, 2007
                      
                      
                      25,997,760
                      
                      
                      
                      499/742
                      
                      
                      
                      17,483,669December
      24, 2007
                      
                      
                      1,294,000
                      
                      
                      
                      372/742
                      
                      
                      
                      648744April
      15, 2008
                      
                      
                      11,699,067
                      
                      
                      
                      260/742
                      
                      
                      
                      4,099,404December
      31, 2008
                      
                      
                      0
                      
                      
                      
                      0
                      
                      
                      
                      0Weighted-average
      shares
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      22,231,816Basic
      & Diluted Net Loss Per Common Share
                      
                      $
                      (0.01
                      )
 
 The
equation from computing basic and diluted EPS is:
 
 Income
available to common shareholders/Weighted-average shares
  12
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
  NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Revenues
 
 Flurida
Group, Inc had total sales of $ 1,543,867 in year 2008.
 
 In 2008,
the Company sold total quantity of 45129 icemakers and 273672 motors to an US
company, Electrolux, located at Springfield, TN for $1,490,645.73, which is the
sum of $518,721.84 as sold and $ 971,923.89 as consignment sales.  The
icemakers and motors were manufactured and supplied by Zhong Nan Fu
Rui.  The icemakers and motors were shipped out at FOB shipping point
Qingdao, China.
 
 In 2008,
the Company also sold 51,685 rolls of thermostats, CT-7 (RoHS), the key parts
for icemakers, to Zhong Nan Fu Rui.  The parts, CT-7 (RoHS) were
exclusively used for the icemakers purchase order by Electrolux.  The
Company purchased the parts, CT-7 (ROHS) from Wako Electronics, Inc., an US
Company located at Louisville, KY 40299 for $45,603.72.  Then, Flurida
Group, Inc. adds averaged 5% margin based on the cost of purchase, so,
$47,886.44 were sold and invoiced to Zhong Nan Fu Rui.
 
 The
Company also sold 10,000 pieces of Rocker Switch the key parts for icemakers, to
Zhong Nan Fu Rui.  The parts, Rocker Switch, were exclusively used for
the icemakers purchase order by Electrolux.  The Company purchased the
parts, Rocker Switch from CW Industries, an US Company located at Southampton,
PA 18966 for $ 5,080.01.  Then, Flurida Group, Inc. adds averaged 5%
margin based on the cost of purchase, so, $5,335 were sold and invoiced to Zhong
Nan Fu Rui.
 
 Flurida
Group, Inc. adopted the cost plus pricing policies.  For the sales
value less than 2 million US dollars, the sales price will be cost of purchase
plus averaged 5% of cost.
 
 In
summary, as of December 31, 2008, the Company incurred the total revenue of
$1,543,867 and cost of goods sold $1,464,792 respectively.
 
 The cost
of goods sold is also discussed in details in Note C, Related Party
Transactions.
  13
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Inventory
 
 On June,
2008, Flurida Group, Inc signed a consigned inventory agreement with Electrolux
Home Products De Mexico, S.A. DEC.V. (Electrolux).  Under the term of
the agreement, the supplier, Flurida Group, Inc, agreed to produce, to maintain
the transit the customized products per Electrolux’s specification. Electrolux
maintain a storage location within Electrolux’s Juarez site for consigned
inventory. And Flurida Group, Inc is facilitated to use of Electrolux’s storage
location at such site to the sale of products to Electrolux; Electrolux will
provide labor resources for receipt, stock up, and pulls of consigned products.
Flurida Group, Inc., retains title and ownership of products while in transit to
Electrolux’s site and while stored in the consigned inventory location. Title and
ownership will pass to Electrolux when they withdraw products from the consigned
inventory location. Upon withdrawal, Electrolux will pay for it under the
payment term stated in the purchasing order correspond with the withdraw
products. Products
residing in the consigned inventory for 90 days with no activity due to non
communicated demand change will no longer qualify for consignment, and will be
considered as withdrawn product after 90 days. Accordingly, title passage and
invoicing shall occur on such product per the term.
  At the
year ended December 31, 2008, there was $ 530,170.20 consignment inventory and $
116,424 ending inventory for Flurida Group, Inc.
 
 In 2008,
the Company sold total quantity of 45129 icemakers as consignment inventory, and
the quantity of 273672 motors including 151,200 as sold and 122,472 as
consignment inventory to Electrolux for $1,490,645.73; the amount of $
1,490,645.73 was the sum of $518,721.84 as sold and $ 971,923.89 as consignment
sales. For the year 2008 consignment sale of $ 971,923.89, a value of $
441,753.69 products were withdrawn and invoiced. As a result, there was a value
of $ 530,170.20 consignment inventory for the period ended December 31,
2008.
 
 There was
also an ending inventory of $ 116,424 for Flurida Group, Inc, which was a
purchase of 30240 motors from Zhong Nan Fu Rui for FOB shipping point at Qingdao
on November 5, 2008. This purchase hasn’t considered as a sale or a consignment
inventory at the year ended December 31, 2008. Therefore, those motors were
stored in a warehouse of a US company, Electrolux; and Flurida Group, Inc paid
warehouse cost to Electrolux for residing the product.
  14
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Income
Tax
 
 The
Company filed extension for corporate tax return Form 1120 to Internal Revenue
Service and IL 1120 to the State of Illinois.  There is no income tax
for the State of Nevada.  China’s Qingdao representative office
expenditures will be reported in the Company’s U.S. tax return Form
1120.  Flurida Group European will report income tax return to Italy
government.
 
 Payroll
Expense
 
 Beginning
at 2008, Flurida Qingdao’s Representative office hired 7 full time employees to
take care of daily management and administrative activities for the
Company.  Flurida Europe hired 1 sales person to take care of
marketing activities in Europe.
 
 The
consolidated total payroll expense for the year ended December 31, 2008 was
$92,588.00.  The payroll expense details are listed as
follows:
 
 Payroll
      Expense:2008Payroll
      - EUROPE
                    
                    $
                    31,632.82Payroll
      Expense - ERHosing
      public accum fund -ER
                    
                    
                    1,514.81Social  insurance-ER
                    
                    
                    5,019.62Payroll
      Expense - ER - Other
                    
                    
                    3,564.83Total
      Payroll Expense - ER
                    
                    $
                    10,099.26Payroll
      Expenses - EEHousing
      public accum fund -EE
                    
                    
                    1,514.81Net
      Wage Payment-EE
                    
                    
                    47,067.93Social
      Insurance-EE
                    
                    
                    1,704.19Payroll
      Expenses - EE - Other
                    
                    
                    568.99Total
      Payroll Expenses - EE
                    
                    $
                    50,855.92Total
      Payroll Expenses
                    
                    $
                    92,588.00
 
 The
housing public accumulated fund and social insurance were paid by both employer
and employees in China; the employee portion of housing public accumulated fund
and social insurance was withheld by employer, and then submitted to local tax
authority in China.
 
 There was
no payroll expense incurred in USA in 2008, 2007, and 2006.
  15
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Loans from
Shareholders
 
 At
January 1, 2008, the loan from shareholders convertible to common share amount
was $
1,178,046.67. On March 25, 2008, loan amount of $2000 was received for
convertible 20,000
common shares at $0.10, the total loan amount increase to $ 1,180,046.67. On
April 1, 2008, seven non-affiliated loan holders asked for repayment of their
loans in the aggregate
amount of $ 25,066.67 plus the total interest cost of $624.72, which was paid on
the same date, April 1, 2008; meantime, seven additional lenders loaned an
aggregate amount of
$ 9,926.67.  On April 15, 2008, total loan amount of $1,164,906.70 was
converted to common shares at price of $0.10 per share, for the total shares of
11,649,067 shares, which were issued to the loans holders. Detail list is on the
following schedule.
 
 Schedule
of financing activities detail:
 
 At the
beginning of the fiscal year 1/1/2008, The company have a six months short term
loans $1,178,046 from shareholders who will convert their loans to common shares
at 4/15/2008.  During the short term loan period,  the
Company issued new loans to non officers and directors, and have repay loans
from shareholders. The detail as follows:
 
 Loans
      from shareholders-convertible to common shares, beginning at
      1/1/2008
                  
                  $
                  1,178,046New
      loans from shareholders-convertible to common shares
    3/25/2008
                  
                  $
                  2,000Repay
      loans from shareholders-convertible to common shares at
      4/1/2008
                  
                  $
                  (25,066
                  )New
      loans from shareholders-convertible to common shares at
      4/1/2008
                  
                  $
                  9,926Total
      loans from shareholders-convertible to common shares at
      4/1/2008
                  
                  $
                  1,164,906Loans
      $1,164,906 from shareholders converted to 11,649,067 common shares @ 0.10
      per share at 4/15/2008
                  
                  $
                  (1,164,906
                  )
  16
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Concentration of credit
risk
 
 The
Company maintains its cash in bank accounts which, at times, may exceed the
federally insured limits.  The Company has not experienced any losses
in such accounts and believes it is not exposed to any significant credit risk
on cash.
 
 Recent Accounting
Pronouncements
 
 In
December 2004, the FASB issued Statement of Financial Accounting Standards No.
153 (SFAS 153), “Exchange of Non-monetary Assets.”  SFAS 153 amends
the guidance in APB No. 29, “Accounting for Non-monetary Assets.”  APB
No. 29 was based on the principle that exchanges of non-monetary assets should
be measured on their fair value of the assets exchanged.  SFAS 153
amends APB No. 29 to eliminate the exception for non-monetary exchanges of
similar productive assets and replaces it with a general exception for exchanges
of non-monetary assets that do not have commercial substance if the future cash
flows of the entity are expected to change significantly as a result of the
exchange.  SFAS 151 is effective for financial statements issued for
fiscal years beginning after June 15, 2005.  The adoption of SFAS 153
did not have a material effect on the Company’s financial position or results of
operation.  In December 2004, the FASB revised Statement of Financial
Accounting Standards No. 123 (SFAS 123 (R)), “Accounting for Stock-Based
Compensation.”  The SFAS 123(R) revision established for accounting
for transactions in which an entity exchanges its equity instruments for goods
or services and focuses primarily on accounting for transactions in which an
entity obtains employee services in share-based payment
transactions.  It does not change the accounting guidance for
share-based payment transactions with parties other than
employees.  For public entities that file as small business issuers,
the revisions to SFAS 123 (R) are effective as of the beginning of the first
interim or annual reporting period that begins after December 15,
2005.  Adoption of SFAS 123 (R) is not expected to have a material
impact on the Company’s financial position or results of
operations.
 
 In May
2005, the FASB issued SFAS no. 154, “Accounting Changes and Error Corrections
(“SFAS No. 154”) which replaces APB Opinion No. 20, “Accounting Changes” and
SFAS No. 3, “Reporting Accounting Changes in Interim Financial Statements-An
Amendment of ABP Opinion No. 28.  SFAS No. 154 provides guidance on
the accounting for and reporting of accounting changes and error corrections.
Specifically, this statement requires “retrospective application” of the direct
effect for a voluntary change in accounting principle to prior periods’
financial statements, if it is practical to do so.  SFAS No. 154 also
strictly defines the term “restatement” to mean the correction of an error
revising previously issued financial statements.
  17
  FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
B - SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 Recent Accounting
Pronouncements (Continued)
 
 SFAS No.
154 is effective for accounting changes and corrections of errors made in fiscal
years beginning after December 15, 2005.  The management believes that
adoption of SFAS No. 154 will not have a material impact on the results of
operations, financial positions or cash flows.
 
 In July
2006, the FASB issued Financial Interpretation No. 48, “Accounting for
Uncertainty in Income Taxes-an interpretation of FASB Statement No. 109” (“FIN
48”), and supplemented by FASB Financial Staff Position FIN 48-1, Definition of
Settlement in FASB Interpretation No. 48, issued May 2, 2007.  FIN 48
specifies how tax benefits for uncertain tax positions are to be recognized,
measured, and derecognized in financial statements; requires certain disclosures
of uncertain tax matters; specifies how reserves for uncertain tax positions
should be classified on the balance sheet; and provides transition and interim
period guidance, among other provisions.  FIN 48 is effective for
fiscal years beginning after December 15, 2006 and as a result, is effective for
the Company in the fiscal year 2008.
 
 In
September 2006, the FASB issued SFAS No. 157, Fair Value Measurements (“SFAS
157”).  SFAS 157 defines fair value, establishes a framework for using
fair value assets and liabilities, and expends disclosures about fair value
measurements.  This statement applies whenever other statements
require or permit assets or liabilities to be measured at fair
value.  SFAS 157 is effective for fiscal years beginning after
November 15, 2007.  The management believes that there is no material
impact on its consolidated results of operations, cash flows, and financial
position.
 
 In
September 2006, the Securities and Exchange Commission (“SEC”) issued Staff
Accounting Bulletin (“SAB”) No. 108, Quantifying Financial Misstatements (“SAB
108”), which expresses the Staff’s views regarding the process of quantifying
financial statement misstatements.  Registrants are required to
quantify the impact of correcting all misstatements, including both carryover
and reversing effects of prior year misstatements, on the current year financial
statements.  The financial statements would require
adjustment when either approach results in quantifying a misstatement that is
material, after considering all relevant quantitative and qualitative
factors.  SAB 108 is effective for financial statements covering the
first fiscal year ending after November 15, 2006.  The management
believes that there is no material impact on its consolidated results of
operations, cash flows, and financial position.
  18
 
 FLURIDA GROUP, INC. AND
SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 
 NOTE
C – RELATED PARTY TRANSACTIONS
 
 Common Shares Issued to
Executive and Non-Executive Officers and Directors
 
 As of
December 31, 2008, total 32,129,960 shares were issued to officers and
directors.  Please see the Table III below for details:
 
 Table
III:
 Name
                          
                          Total Shares
                          
                          
                          Total Amount
                          
                          
                          PercentageFenglan  Li
                          
                          
                          165,000
                          
                          
                          
                          15,750
                          
                          
                          
                          0.42
                          %Fuling
      Li
                          
                          
                          115,000
                          
                          
                          
                          10,750
                          
                          
                          
                          0.29
                          %Ying
      Zhong
                          
                          
                          2,000,000
                          
                          
                          
                          200,000
                          
                          
                          
                          5.13
                          %Gian
      Franco Barbieri
                          
                          
                          102,000
                          
                          
                          
                          9,700
                          
                          
                          
                          0.26
                          %Xiaoyong
      Fu
                          
                          
                          750,000
                          
                          
                          
                          75,000
                          
                          
                          
                          1.92
                          %Jianfeng
      Ding & Yaru Huang
                          
                          
                          28,997,760
                          
                          
                          
                          325,998
                          
                          
                          
                          74.37
                          %Total
                          
                          
                          32,129,760
                          
                          
                          $
                          637,197.76
                          
                          
                          
                          82.39
                          %
 
 * Based
on total issued shares as of December 31, 2008: 38,990,827
 
 Cost of Goods
Sold
 
 The
Company’s purchase is primarily from supplier, Zhong Nan Fu Rui Mechanical
Electronics Manufacturing Co., Ltd., owned 100% by the founder of the Company,
Jianfeng Ding.  Due to Jianfeng Ding, and Yaru Huang, husband and
wife, combined hold 74.37% issued common shares for Flurida Group, Inc., the two
entities, Flurida Group, Inc., and Zhong Nan Fu Rui Mechanical Electronics
Manufacturing Co., Ltd., are under conmmon control according to EITF
02-5.
  19
  FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
C – RELATED PARTY TRANSACTIONS (Continued)
 
 Cost of Goods Sold
(Continued)
  The
products the Company will sell are manufactured in China by Zhong Nan Fu Rui
Mechanical Electronics Manufacturing Co., Ltd. (“Zhong Nan Fu
Rui”).  It was established in 2005 specializing in home appliance
components and subassemblies manufacturing,
and located in Qingdao City, Shandong Province, China.  On September
18, 2007, amended June 25, 2008 and further amended on August 4, 2008, Flurida
Group, Inc. signed a five year distribution agreement with Zhong Nan Fu Rui
Mechanical Electronics Manufacturing Co., Ltd.  Zhong Nan Fu Rui is a
Chinese manufacturing company owned 100% by Mr. Jianfeng Ding, our
president.  Under the terms of the agreement Zhong Nan Fu Rui
authorizes Flurida to be its exclusive sales agent for the ice making product
lines, including icemaker and ice water dispensing systems all over the world.
The ice making product lines shall include the products that Zhong Nan Fu Rui
developed before the agreement signed and the products that will be developed
solely by Zhong Nan Fu Rui during the term of the agreement. Zhong Nan Fu Rui is
the exclusive supplier of the products we sell.  Although the
distribution agreement requires that the purchase price we will pay for these
products will be comparable to what the Flurida would have paid a non-related
party in market price, Mr. Ding may face a conflict in calculating the price the
products are sold to Flurida and the determining amount of products the Flurida
purchase.  However, because Mr. Ding has a fiduciary duty to Flurida
and the shareholders, he has indicated that he will assure strict adherence to
this provision of the agreement and will not require Flurida to purchase a
quantity of products in excess of that which Flurida can reasonably afford or
reasonably expect to sell in within two to three months of our purchase of the
products.
 
 The
management of Flurida Group, Inc. believes that the purchase price for the parts
from Zhong Nan Fu Rui will be market price.  Flurida Group, Inc. and
Zhong Nan Fu Rui are two totally separated entities, i.e., Flurida Group, Inc.
is a USA corporation and will fully comply with USA regulations and USA general
accepted accounting principles; Zhong Nan Fu Rui is a Chinese company and it
will comply with Chinese legal systems.  Flurida Group, Inc. and Zhong
Nan Fu Rui will operate independently.  Zhong Nan Fu Rui, as a Chinese
local manufacturer, will record their manufacturing costs and inventories based
on the Chinese accounting regulations rulings.  But, when Flurida
Group, Inc. purchases the parts from Zhong Nan Fu Rui, Flurida Group will record
the actual costs paid to Zhong Nan Fu Rui as the costs for inventory of Flurida
Group, Inc.  There is no any relationship for Zhong Nan Fu Rui’s
manufacturing historic costs with Flurida Group’s inventory
value.  Specifically, Flurida’s inventory value is equal to the
purchase price or actual cost of the parts purchased from Zhong Nan Fu Rui, and
the purchase price of the parts will be fair market price.  Flurida
Group, Inc. will adopt the first-in and first-out inventory system according to
generally accepted accounting principles in USA.
  20
  FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE
C – RELATED PARTY TRANSACTIONS (Continued)
 
 Cost of Goods Sold (
Continued)
 
 The
management of Zhong Nan Fu Rui disclosed to Flurida Group, Inc. that, Zhong Nan
Fu Rui  adopted the cost plus pricing policies with market adjustment,
negotiable with customers.
Zhong Nan Fu Rui adopted the cost plus system for all the products for all
customers including the product, icemakers exclusively distributed by Flurida
Group, Inc.  Specifically, the selling price is determined by total
actual manufacturing cost of direct manufacturing materials (parts), direct
manufacturing labor, and allocated manufacturing overhead cost, plus 5-10% of
total manufacturing cost.  Zhong Nan Fu Rui’s minimum gross profit
margin is 5%.
 
 In the
year 2008, Flurida Group, Inc. purchased the quantity of 45,129 icemakers and
273672 motors from Zhong Nan Fu Rui at total cost of $1,414,108.71 for FOB
shipping point at Qingdao, China respectively to the sales amount of $
1,490,645.73. The total price of $1,414,108.71 from Zhong Nan Fu Rui included
80% of direct manufacturing materials and labor, 10% of allocated manufacturing
overhead, and 10% of profit margin.
 
 To
manufacture the 45,129 icemakers and 273672 motor, Zhong Nan Fu Rui needs key
parts made in USA, which were purchased through Flurida Group, Inc. in
USA.  The cost of purchasing the parts, CT-7 (RoHS) for icemakers was
$45,603.72.  And the parts were supplied by Wako Electronics (USA)
Inc. located at Louisville, KY. And the cost of purchasing the parts, Rocker
Switch for icemakers and motor was $ 5080.01, which was supplied by CW
Industries, located at Southampton, PA.
 
 Therefore,
for the period ended December 31, 2008, the total cost of goods sold was
$1,464,792.45.
  21
 
 FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE D – SHAREHOLDERS’
EQUITY
 
 During
the year ended December 31, 2008, Flurida Group, Inc has issued total 11,699,067
new shares on April 15, 2008, including 11,649,067 shares issued to loan holders
who converted all the loans to common shares. At the year ended December 31,
2008, Flurida Group, Inc. incurred net loss of $ (165,636). Therefore, the total
stockholders’ equity balance at December 31, 2008 was $ 1,103,820.
 
 On April
15, 2008, 50,000 shares issued to Williams Law Group at $ 0.10, for the legal
service value of $5,000.  On April 1, 2008, seven non-affiliated loan
holders asked for repayment of their loans in the aggregate amount of $ 25,066
plus the total interest cost of $624.72, which was paid on the same date, April
1, 2008; meantime, seven additional lenders loaned an aggregate amount of $
9,926.  On April 15, 2008, total loan amount of $1,164,906 was
converted to common shares at price of $0.10 per share, for the total shares of
11,649,067 shares, which were issued to the loans holders.  Therefore,
as of December 31, 2008, total shares issued and outstanding are
38,990,827.
 
 NOTE E – SUBSEQUENT
EVENTS
 
 For the
year 2008, Flurida Group, Inc had total sales of $ 1,543,867, details as
following:
 
 The
Company sold total quantity of 45129 icemakers and 273672 motors to an US
company, Electrolux, located at Springfield, TN for $1,490,645.73, which is the
sum of $518,721.84 as sold and $ 971,923.89 as consignment sales.  The
icemakers and motors were manufactured and supplied by Zhong Nan Fu
Rui.  The icemakers and motors were shipped out at FOB shipping point
Qingdao, China, for the total cost of $ 1,414,108.71.
 
 The sales
proceeds will be received in 90 days from invoice date. Therefore, for the total
sales $ 1,490,645.73 made to Electrolux, an amount of $ 499,595.67 had been
paid, and there was $ 460,879.86 for account receivable and consignment
inventory of $ 530,170.20, as well as realizing the cost of goods sold $
1,414,108.71, there was an amount of $ 803,295.36 was paid, therefore, accounts
payable to Zhong Nan Fu Rui should be $ 610,813.35 respectively, during the
period ending December 31, 2008.
 
 On
January 22, 2009, Flurida paid the COGS of $ 276,849.09 for the purchased order
of 13965 icemakers and 16632 motors on November 2008 from Zhong Nan Fu Rui. At
the same date, Flurida paid off the inventory cost of 30240 motors, which was
ordered on November 5, 2008 for the amount of $116,424.
  22
  FLURIDA
GROUP, INC. AND SUBSIDIARIES
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 NOTE E – SUBSEQUENT EVENTS
(Continued)
 
 The
Company also sold 51,685 rolls of thermostats, CT-7 (RoHS), the key parts for
icemakers, to Zhong Nan Fu Rui.  The parts, CT-7 (RoHS) were
exclusively used for the icemakers purchase order by Electrolux.  The
Company purchased the parts, CT-7 (ROHS) from Wako Electronics, Inc for
$45,603.72.  Then, Flurida Group, Inc. adds averaged 5% margin based
on the cost of purchase, so, $47,886.44 were sold and invoiced to Zhong Nan Fu
Rui.  Moreover, Flurida Group Inc sold 10,000 pieces of
 
 Rocker
Switch, the key parts for icemakers, to Zhong Nan Fu Rui.  The parts,
Rocker Switch, were exclusively used for the icemakers purchase order by
Electrolux.  The Company purchased the parts, Rocker Switch from CW
Industries for $ 5,080.01.  Then, Flurida Group, Inc. adds averaged 5%
margin based on the cost of purchase, so, $5,335 were sold and invoiced to Zhong
Nan Fu Rui.
 
 For the
total sales $ 53,221.45 made to Zhong Nan Fu Rui, an amount of $ 34,670.43 had
been paid, and there was $ 18,551.01 for account receivable, as well as
realizing the cost of goods sold $ 50,683.74, there was an amount of $ 37,692.48
and $ 5,080.01 was paid to Wako and CW Industries respectively, therefore,
accounts payable should be $7911.04 to Wako only during the period ending
December 31, 2008.
 
 On
January 30, 2009, the amount of $ 7911.04 was paid to Wako for the purchased of
Thermostat CT-7.
 
 NOTE
F – GOING CONCERN
 
 The
Company’s lack of operating history and financial resources raise substantial
doubt about its ability to continue as a going concern.  The financial
statements do not include adjustments that might result from the outcome of this
uncertainty and if the Company is unable to generate significant revenue or
secure financing, then the Company may be required to cease or curtail its
operations.  However, due to the close relationship between the
Company and it’s supplier, Zhong Nan Fu Rui, which is 100% owned by the founder,
Jianfeng Ding, Zhong Nan Fu Rui’s current customers can be served by the Company
for the same quality of products and services.  Besides, as of
December 31, 2008, the cash and cash equivalent balance was $605,932 , the
management believes that the revenues will be generated and its cash flows will
be maintained to cover its operational costs and the risk of going concern in
long term is significantly low.
  23




Item 9.
            Changes
      In and Disagreements With Accountants on Accounting and Financial
      Disclosures


None




Item 9A.
            Controls
      and Procedures




Evaluation of Disclosure
Controls and Procedures





The
Company’s Chief Executive Officer/Chief Financial Officer has evaluated the
effectiveness of the Company’s disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31,
2008. Based upon such evaluation, the Chief Executive Officer/ Chief Financial
Officer has concluded that, as of December 31, 2008, the Company’s disclosure
controls and procedures were ineffective. This conclusion by the
Company’s Chief Executive Officer/ Chief Financial Officer does not
relate to reporting periods after December 31, 2008.








Management’s Report on
Internal Control Over Financial Reporting





Under the
supervision and with the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, we conducted an evaluation of the
effectiveness of our internal control over financial reporting as of December
31, 2008 based on the framework stated by the Committee of Sponsoring
Organizations of the Treadway Commission. Furthermore, due to our financial
situation, we will be implementing further internal controls as we become
operative so as to fully comply with the standards set by the Committee of
Sponsoring Organizations of the Treadway Commission.





Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in
Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control
system was designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes, in accordance with generally accepted accounting principles. Because
of inherent limitations, a system of internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate due to change in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.





Based on
its evaluation as of December 31, 2008, our management concluded that our
internal controls over financial reporting were ineffective as of December 31,
2008. A material weakness is a deficiency, or a combination of control
deficiencies, in internal control over financial reporting such that there is a
reasonable possibility that a material misstatement of the Company’s annual or
interim financial statements will not be prevented or detected on a timely
basis.





The
material weakness relates to the following:




1.  Accounting and Finance
Personnel Weaknesses – Our current accounting staff is relatively small
and we do not have the required infrastructure of meeting the higher demands of
being a U.S. public company.




2.  Lack of Internal Audit
Function – We lack sufficient resources to perform the internal audit
function.




In order
to mitigate these material weaknesses to the fullest extent possible, all work
of the CFO is reviewed by the CEO. All unexpected results are investigated. At
any time, if it appears that any control can be implemented to continue to
mitigate such weaknesses, it will be immediately implemented. The Company
is in the process of complying with SOX 404 during 2009 and will be implementing
additional internal controls over accounting and financial
reporting.





This
annual report does not include an attestation report of the Company s registered
public accounting firm regarding internal control over financial reporting.
Management s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the SEC that permit us to provide
only management’s report in this Annual Report on Form 10-K.








Changes in Internal Control
Over Financial Reporting





No change
in the Company’s internal control over financial reporting occurred during the
quarter ended December 31, 2008, that materially affected, or is reasonably
likely to materially affect, the Company s internal control over financial
reporting.




Item 9B.
            Other
      Information




None.




PART
III




Item 10.
            Directors,
      Executive Officers, Promoters, Control Persons and Corporate Governance;
      Compliance with Section 16(a) of the Exchange
  Act




Directors
and Officers





The board
of directors elects our executive officers annually.  A majority vote
of the directors who are in office is required to fill
vacancies.  Each director shall be elected for the term of one year,
and until his successor is elected and qualified, or until his earlier
resignation or removal. Our director and executive officer is as
follows:





Name
                
                Age
                
                PositionJianfeng Ding
                
                51
                
                Chairman
      of the Board, President, and CEOYaru
      Huang
                
                40
                
                Chief
      Financial Officer and Chief Accounting OfficerXiaoyong
      Fu
                
                46
                
                DirectorYing
      Zhong
                
                36
                
                Chief
      Representative,
Director





Ding,
Jianfeng.Jianfeng Ding joined us in December 19, 2006
Chairman of Board of Directors, Chief Executive Officer.  From
September 1998 to December 2006, he was President of Flurida Industries (Hong
Kong) Co., Ltd., a Hong Kong corporation doing business of distribution of
appliance parts.  In 1981, he graduated from Hang Zhou Electronic
Technical University majoring in mechanical engineering.  From
1985-1989, he studied at Xi’an Electronic Science University on Application of
Computer Science.





Huang, Yaru.  Yaru
Huang joined us in December 19, 2006 as Chief Financial Officer and Chief
Accounting Officer.  From September 1998 to December 2006, she was
vice-president of Flurida Industries (Hong Kong) Co., Ltd., a Hong Kong
corporation doing business of distribution of appliance parts.  In
June 2002, she received a Master of Business Administration Degree at Keller
Graduate School of Management, from DeVry University.  In September
1990, she received a degree of Bachelor of Science from Lnzhou Enginerring
Institute of Survey and Design, Railway Ministry in Lanzhou.  In
September 1989, she graduated from Lanzhou Engineering Institute of Survey and
Design Academy of Chinese Railway Ministry.







Xiaoyong Fu.  He has
been a director since our inception in December 2006.  From 04/1997 to
06/2004, he was Senior Design Engineer, Maytag Corporation, Appliance
Manufacturer.  From 07/2004 to 10/2005, he was Manager of Technology,
Jacuzzi Whirlpool Bath, Bath Products.  From 11/2005 to 09/2007, he
was Senior Design Engineer, Electrolux Major Appliance, Appliance
Manufacturer.  From 09/2007 to date, he has been Senior Engineer, GE –
Energy, Gas Turbines.  In 07/1984, he received a Bachelor of
Mechanical Engineering, Tsinghua University.  In 10/1987, he received
a Master of Nuclear Engineering, China Institute of Atomic.  In
05/1997, he received a Ph.D. of Mechanical Engineering, Purdue
University.





Ying Zhongjoined us in
Oct/2007.  From Jan/2004 to Sep/2007, she was Vice President, New
Business Development of Flurida Industries (Hong Kong) Ltd., which manufactures
and distributes household appliance components.  From Feb/2003 to
Dec/2003, she was Manager, Chicago Office of Flurida Industries (Hong Kong)
Ltd., which manufactures and distributes household appliance components. From
Sep/1995 to Aug/2001, she was Operational Assistant Manager of Young’s
Engineering Shanghai Office, which provides Mechanical and Electrical
Engineering service to construction industry.  In Sep/2001, she
received a Master Degree of Business Administration from University of Illinois
at Chicago.  In July/1993, she received a Bachelor Degree of Law from
Hua Qiao University.




Family
Relationships





Jianfeng
Ding and Yaru Huang are husband and wife.




Legal
Proceedings





No
officer, director, promoter or significant employee has been involved in the
last five years in any of the following:





·
            Any
      bankruptcy petition filed by or against any business of which such person
      was a general partner or executive officer either at the time of the
      bankruptcy or within two years prior to that
  time;





·
            Any
      conviction in a criminal proceeding or being subject to a pending criminal
      proceeding (excluding traffic violations and other minor
      offenses);





·
            Being
      subject to any order, judgment, or decree, not subsequently reversed,
      suspended or vacated, of any court of competent jurisdiction, permanently
      or temporarily enjoining, barring, suspending or otherwise limiting his
      involvement in any type of business, securities or banking activities;
      and





·
            Being
      found by a court of competent jurisdiction (in a civil action), the
      Commission or the Commodity Futures Trading Commission to have violated a
      federal or state securities or commodities law, and the judgment has not
      been reversed, suspended, or
vacated.




Code
of Ethics
 
 We do not
currently have a Code of Ethics applicable to our principal executive, financial
or accounting officer.
 
 Compliance with Section
16(a) of the Exchange Act
 
 Compliance
is not required.


Item 11.
            Executive
      Compensation




Summary
Compensation Table





The table
below summarizes all compensation awarded to, earned by, or paid to our
Principal Executive Officer, our two most highly compensated executive officers
other than our PEO who occupied such position at the end of our latest fiscal
year and up to two additional executive officers who would have been included in
the table below except for the fact that they were not executive officers at the
end of our latest fiscal year, by us, or by any third party where the purpose of
a transaction was to furnish compensation, for all services rendered in all
capacities to us or our subsidiary for the latest two fiscal years ended
December 31, 2008, and December 31, 2007.







Name
                            
                            Title
                            
                            Year
                            
                            Salary
                            
                            
                            Bonus
                            
                            
                            Stock
                              awards
                            
                            
                            Option
                              awards
                            
                            
                            Non equity
                              incentive plan
                              compensation
                            
                            
                            Non
                              qualified
                              deferred
                              compensation
                            
                            
                            All other
                              compensation
                            
                            
                            TotalJianfeng
      Ding
                            
                            ChairmanCEO
                            
                            2008
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            02007
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0Yaru
      Huang
                            
                            CFO
                            
                            2008
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            02007
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0




Compensation
Agreements





We have
the following oral compensation agreements:





Mr.
Jianfeng Ding, Chairman, CEO, and President:





Main
responsibilities of the position are as follows:





1.
            Board
      Administration and Support — Supports operations and administration of
      Board by advising and informing Board members, interfacing between Board
      and staff, and supporting Board's evaluation of chief
      executive.





2.
            Program,
      Product and Service Delivery — Oversees design, marketing, promotion,
      delivery and quality of programs, products and
  services





3.
            Financial,
      Tax, Risk and Facilities Management — Recommends investment activities,
      issue quarterly and annual reports for Board approval and prudently
      manages organization's resources within those guidelines according to
      current laws and regulations





4.
            Human
      Resource Management — Effectively manages the human resources of the
      organization according to authorized personnel policies and procedures
      that fully conform to current laws and
  regulations





5.
            Community
      and Public Relations — Assures the organization and its mission, programs,
      products and services are consistently presented in strong, positive image
      to relevant shareholders.





6.
            Raising
      capitals – Oversees capital raising planning and implementation, including
      identifying resource requirements, establishing strategies to approach
      investors, submitting proposals and administrating capital raise records
      and documentation.





Employment
period is three years from December 2006 to December 2009.  Annual
salary will be $80,000 starting to pay at January, 2009.  The salaries
accrued from December 2006 and December 2008 will be waived by Jianfeng
Ding.  Accordingly, there is no salary payment for Jianfeng Ding in
2006, 2007, and 2008, respectively.








Ms. Yaru Huang,
CFO





Main
responsibilities of the position are as follows:





1.              Oversee
the corporate finance in accordance with the General Accepted Accounting
Principles of the United States, General Principles of Corporate Finance, and
Financial Management System developed by the company.





2.              Implement
the directives of the CEO and the Board of Directors in the following financial
areas: allocation of all the corporate capital and management of the company’s
capital or other investments.





3.              Develop
corporate financial plan, control auditing analysis, raise capitals legally,
make use of the corporate assets effectively, and make every efforts to increase
the corporate economic benefits.





4.              Supervise
and manage the finances of the subsidiaries of the company. Employment period is
three years from December 2006 to December 2009. Annual salary will be $50,000
starting to pay at January, 2009.





The
salaries accrued from December 2006 to December 2008 will be waived by Yaru
Huang. Accordingly, there is no salary payment for Yaru Huang in 2006, 2007, and
2008, respectively.





Employment
period is three years from December 2006 to December 2009.  Annual
salary will be $50,000 starting to pay at January, 2009.





Ying
Zhong, Chief Representative of Flurida Group Qingdao Office





Main
responsibilities of the position are as follows:





Makes all
day-to-day administrative decisions regarding human resource, financing,
marketing, manufacturing, and customer services in the Flurida Quingdao
office.  Regularly report to the CEO about these
decisions.





She does
not provide any input to the CEO concerning any other management or supervision
issues with respect to any other operations of the company.





Employment
period is three years from October 2007 to October 2010.  Annual
salary will be $20,000 starting to pay at January, 2009.  The salaries
accrued from October 2007 to December 2008 will be waived by Ying
Zhong.  Accordingly, there is no salary payment for Ying Zhong in
2007, and 2008, respectively.





Gian
Franco Barbieri, General Manager of Flurida Europe.





Main
responsibilities of the position are as follows:





1.
            In
      charge of general management of Europe Flurida
  SRS.








2.
            Report
      to CEO about decisions regarding human resource, financing, marketing,
      manufacturing, and customer services.  Take charge of the
      allocation of all the resources in Europe
  Flurida.





Employment
period is three years from January 2008 to December 2010.  Annual
salary is $20,000 starting to pay at April, 2008.





The
salaries for the above employees will be paid starting on January 1,
2009.





Compensation Committee
Interlocks and Insider Participation





We have
no compensation committee (or other board committee performing equivalent
functions).   The board of directors will make decisions for the
compensation of executive officers.  Currently, there are four
directors: Jianfeng Ding, Yaru Huang, Ying Zhong are also executive officers and
shareholders with more than 5% of issued common stocks; Director Xiayong Fu is
an outside director without participating the Company’s daily management
function.  Xiaoyong Fu is not compensated for serving as
director.  During the last completed fiscal year, there are no other
individuals participated in deliberations of the registrant’s board of directors
concerning executive officer compensation.


.


Outstanding
Equity Awards At Fiscal Year-End





OUTSTANDING
EQUITY AWARDS AT FISCAL YEAR-END December 31, 2008


Name
                        
                        Number of
                          Securities
                          Underlying
                          Unexercised
                          Options
                          (#)
                          Exercisable
                        
                        
                        Number of
                          Securities
                          Underlying
                          Unexercised
                          Options
                          (#)
                          Unexercisable
                        
                        
                        Equity
                          Incentive
                          Plan
                          Awards:
                          Number of
                          Securities
                          Underlying
                          Unexercised
                          Unearned
                          Options (#)
                        
                        
                        Option
                          Exercise
                          Price
                          ($)
                        
                        
                        Option
                          Expiration
                          Date
                        
                        
                        Number of
                          Shares or
                          Units of
                          Stock That
                          Have Not
                          Vested
                          (#)
                        
                        
                        Market
                          Value of
                          Shares or
                          Units of
                          Stock That
                          Have Not
                          Vested
                          ($)
                        
                        
                        Equity
                          Incentive
                          Plan
                          Awards:
                          Number
                          Of
                          Unearned
                          Shares,
                          Units or
                          Other
                          Rights That
                          Have Not
                          Vested
                          (#)
                        
                        Equity
                          Incentive
                          Plan
                          Awards:
                          Market or
                          Payout
                          Value of
                          Unearned
                          Shares,
                          Units or
                          Other
                          Rights
                          That Have
                          Not
                          Vested
                          ($)Jianfeng Ding
                        
                        0
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        0
                        
                        
                        0Yaru
      Huang
                        
                        0
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        0
                        
                        
                        0Ying
      Zhong
                        
                        0
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        
                        
                        
                        0
                        0
                        
                        
                        0









No option
awards, unexercised options, unvested stock awards or equity incentive plan
awards were granted to our named executive officers during fiscal year ended at
December 31, 2008.




Director
Compensation





The
following table summarizes the compensation paid to Flurida Group’ directors for
the fiscal year ended December 31, 2008:




Name
                                        
                                        Fees
                                          Earned
                                          or
                                          Paid in
                                          Cash
                                        
                                        
                                        Stock
                                          Awards
                                          ($)
                                        
                                        
                                        Option
                                          Awards
                                          ($)
                                        
                                        
                                        Non-Equity
                                          Incentive
      Plan
                                          Compensation
                                          ($)
                                        
                                        
                                        All Other
                                          Compensation
                                          ($)
                                        
                                        
                                        Total
                                          ($)Jianfeng Ding
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0Yaru
      Huang
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0Xiaoyong
      Fu
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0Ying
      Zhong
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0
                                        
                                        
                                        
                                        0





No
director was paid in any format of compensation as of December 31,
2008.





Section
16(a) Beneficial Ownership Reporting Compliance





Our
officers, directors and 10% shareholders are not subject to the reporting
requirements of Section 16 (a).




Item 12.
                Security
      Ownership of Certain Beneficial Owners and Management and Related
      Stockholder Matters




The
following tables set forth the ownership, as of the date of this prospectus, of
our common stock by each person known by us to be the beneficial owner of more
than 5% of our outstanding common stock, our directors, and our executive
officers and directors as a group.  To the best of our knowledge, the
persons named have sole voting and investment power with respect to such shares,
except as otherwise noted.  There are not any pending or anticipated
arrangements that may cause a change in control.





The
information presented below regarding beneficial ownership of our voting
securities has been presented in accordance with the rules of the Securities and
Exchange Commission and is not necessarily indicative of ownership for any other
purpose. Under these rules, a person is deemed to be a "beneficial owner" of a
security if that person has or shares the power to vote or direct the voting of
the security or the power to dispose or direct the disposition of the security.
A person is deemed to own beneficially any security as to which such person has
the right to acquire sole or shared voting or investment power within 60 days
through the conversion or exercise of any convertible security, warrant, option
or other right. More than one person may be deemed to be a beneficial owner of
the same securities. The percentage of beneficial ownership by any person as of
a particular date is calculated by dividing the number of shares beneficially
owned by such person, which includes the number of shares as to which such
person has the right to acquire voting or investment power within 60 days, by
the sum of the number of shares outstanding as of such date plus the number of
shares as to which such person has the right to acquire voting or investment
power within 60 days. Consequently, the denominator used for calculating such
percentage may be different for each beneficial owner. Except as otherwise
indicated below and under applicable community property laws, we believe that
the beneficial owners of our common stock listed below have sole voting and
investment power with respect to the shares shown.  The business
address of the shareholders is 800 West Fifth Avenue, Suite 210B, Naperville, IL
60563.







Name
                  
                  Number
      of
                    Shares
      of
                    Common
      stock
                  
                  
                  PercentageJianfeng
      Ding [1]
                  
                  
                  14,498,880
                  
                  
                  
                  37.19
                  %Yaru
      Huang [1]
                  
                  
                  14,498,880
                  
                  
                  
                  37.18
                  %Ying
      Zhong
                  
                  
                  2,000,000
                  
                  
                  
                  5.13
                  %Xiaoyong
      Fu
                  
                  
                  750,000
                  
                  
                  
                  1.92
                  %All
      executive officers and directors as a group [4 persons]
                  
                  
                  32,129,760
                  
                  
                  
                  82.39
                  %





[1] Owned
14,498,880 shares in the name of Jianfeng Ding and 14,498,880 shares in the name
of Yaru Huang, husband and wife.





This
table is based upon information derived from our stock records. Unless otherwise
indicated in the footnotes to this table and subject to community property laws
where applicable, each of the shareholders named in this table has sole or
shared voting and investment power with respect to the shares indicated as
beneficially owned. Except as set forth above, applicable percentages are based
upon 38,990,827 shares of common stock outstanding as of March 22,
2009.




Securities authorized for
issuance under equity compensation plans
 
 None









Item
      13.
            Certain
      Relationships and Related Transactions, and Director
      Independence.




On August
20, 2007, two founders of the Company, Jianfeng Ding and Yaru Huang purchased
25,997,760 shares at $0.001 per share.  The proceeds of $25,997.76
were received from Jianfeng Ding and Yaru Huang.





On
October 29, 2007, Director of the company, Xiaoyong Fu, advanced the amount of $
50,000 for an option of converting the loan to 500,000 shares at $ 0.10 per
share, and on December 31, 2007, he loaned additional $ 25,000 for an option of
converting the loan to 250,000 shares at $ 0.1 per share. On December 4, 2007,
Chief Representative, Ying Zhong advanced $ 200,000 for an option to purchase
2,000,000 shares at $ 0.1 per share. Moreover, on December 21, 2007, Jianfeng
Ding and Yaru Huang advanced $ 300,000 to purchase additional 3,000,000 shares
at $ 0.1 per share.  All the above loan amount of $ 575,000 was
converted to 5,750,000 common shares on April 15, 2008.





The
products we sell are manufactured in China by Zhong Nan Fu Rui Mechanical
Electronics Manufacturing Co., Ltd. (“Zhong Nan Fu Rui”).  It was
established in 2005 specializing in home appliance components and subassemblies
manufacturing, and located in Qingdao City, Shandong Province,
China.  On September 18, 2007, amended June 25, 2008 and further
amended on August 4, 2008, Flurida Group, Inc. signed a five year distribution
agreement with Zhong Nan Fu Rui Mechanical Electronics Manufacturing Co.,
Ltd.  Zhong Nan Fu Rui is a Chinese manufacturing company owned 100%
by Mr. Jianfeng Ding, our president.  Zhong Nan Fu Rui is the
exclusive supplier of the products we sell. Under the terms of the agreement
Zhong Nan Fu Rui authorizes Flurida to be its exclusive sales agent for the ice
making product lines, including icemaker and ice water dispensing systems all
over the world. The ice making product lines shall include the products that
Zhong Nan Fu Rui developed before the agreement signed and the products that
will be developed solely by Zhong Nan Fu Rui during the term of the
agreement. Although the distribution agreement requires that the purchase
price we will pay for these products will be comparable to what we would have
paid a non-related party in arm’s-length transactions, Mr. Ding may face a
conflict in calculating the price the products are sold to us and the
determining amount of products we purchase.  However, because Mr. Ding
has a fiduciary duty to us and our shareholders, he has indicated that he will
assure strict adherence to this provision of the agreement and will not require
us to purchase a quantity of products in excess of that which we can reasonably
afford or reasonably expect to sell in within two to three months of our
purchase of the products.








In fiscal
year 2006, we sold no products to and purchased no products from Zhong Nan Fu
Rui.  In fiscal year 2007, we sold no products to and purchased no
products from Zhong Nan Fu Rui.  To date in fiscal year 2008, we sold
$34,670.43 in products to and purchased $747,260.64 in products from Zhong Nan
Fu Rui.  The products that we sold were icemaker parts made in the
United States, such as thermostats, switches, motors, and coating materials. The
products that we purchased were icemakers, fan motors, crush motors, and
solenoids for ice water system.





During
the six months ended June 30, 2008, the executive and non-executive officers and
directors have advanced the Company for the amount of $ 609,200 (Table
II).  All the loans are converted to common shares for total common
shares of 6,092,000 on April 15, 2008.





Name
                                      
                                      Title
                                      
                                      Loans
                                        Amount
                                        (12/31/2007)
                                      
                                      
                                      Loans
                                        Convert
      to
                                        Common
                                        Share
                                        (4/15/2008)
                                      
                                      
                                      %
      of
                                        Common
                                        ShareJianfeng
      Ding
                                      
                                      CEO
                                      
                                      $
                                      300,000.00
                                      
                                      
                                      $
                                      300,000.00
                                      
                                      
                                      
                                      74.37
                                      %Yaru
      Huang
                                      
                                      CFOYing
      Zhong
                                      
                                      Chief
      Representative, China Office
                                      
                                      $
                                      200,000.00
                                      
                                      
                                      $
                                      200,000.00
                                      
                                      
                                      
                                      5.13
                                      %Fenglan  Li
                                      
                                      Financial
      Manager
                                      
                                      $
                                      15,000.00
                                      
                                      
                                      $
                                      15,000.00
                                      
                                      
                                      
                                      0.42
                                      %Fuling  Li
                                      
                                      Operation
      Manager
                                      
                                      $
                                      10,000.00
                                      
                                      
                                      $
                                      10,000.00
                                      
                                      
                                      
                                      0.29
                                      %Xiaoyong
      Fu
                                      
                                      Board
      Member
                                      
                                      $
                                      75,000.00
                                      
                                      
                                      $
                                      75,000.00
                                      
                                      
                                      
                                      1.92
                                      %Gian
      Franco Barbieri
                                      
                                      Manager
      Director, Flurida Europe Company
                                      
                                      $
                                      9,200.00
                                      
                                      
                                      $
                                      9,200.00
                                      
                                      
                                      
                                      0.26
                                      %Total
                                      
                                      
                                      
                                      $
                                      609,200.00
                                      
                                      
                                      $
                                      609,200.00
                                      
                                      
                                      
                                      82.39
                                      %




Therefore,
among the total loan amount of $1,164,906.70 converted to common shares at price
of $0.10 per share on April 15, 2008, for the total shares of 11,649,067 shares,
the total of $609,200 or 6,092,000 shares are from executive and non-executive
officers, directors, or shareholders of more than 5% of common
shares.





We rent
the following property from Mr. Ding:  Flurida Group Qingdao
Office.  The rent is approximately $250 per month.  We
believe the rent paid for this space was comparable to what we would have paid a
non-related party in arm’s-length transactions.





Except as
set forth above, we have not entered into any material transactions with any
director, executive officer, and promoter, beneficial owner of five percent or
more of our common stock, or family members of such persons.





Director
Independence





Our board
of directors has determined that we do not have a board member that qualifies as
“independent” as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under
the Securities Exchange Act of 1934, as amended, and as defined by Rule
4200(a)(15) of the NASDAQ Marketplace Rules.







Item 14.
            Principal
      Accountant Fees and Services





Enterprise
CPA was our independent auditors for the fiscal years ended December 31, 2007
and 2008.




The
following table shows the fees paid or accrued by us for the audit and other
services provided by our auditor for fiscal 2008 and 2007.




2008
                            
                            2007Audit
      Fees
                            
                            $
                            24,000
                            
                            $15,000Audit-Related
      FeesTax
      FeesAll
      Other FeesTotal
                            
                            $
                            24,000
                            
                            $15,000




As
defined by the SEC, (i) “audit fees” are fees for professional services rendered
by our principal accountant for the audit of our annual financial statements and
review of financial statements included in our Form 10-Q, or for services that
are normally provided by the accountant in connection with statutory and
regulatory filings or engagements for those fiscal years; (ii) “audit-related
fees” are fees for assurance and related services by our principal accountant
that are reasonably related to the performance of the audit or review of our
financial statements and are not reported under “audit fees;” (iii) “tax fees”
are fees for professional services rendered by our principal accountant for tax
compliance, tax advice, and tax planning; and (iv) “all other fees” are fees for
products and services provided by our principal accountant, other than the
services reported under “audit fees,” “audit-related fees,” and “tax
fees.”




Under
applicable SEC rules, the Audit Committee is required to pre-approve the audit
and non-audit services performed by the independent auditors in order to ensure
that they do not impair the auditors’ independence. The SEC’s rules specify the
types of non-audit services that an independent auditor may not provide to its
audit client and establish the Audit Committee’s responsibility for
administration of the engagement of the independent auditors. Until such time as
we have an Audit Committee in place, the Board of Directors will pre-approve the
audit and non-audit services performed by the independent auditors.




Consistent
with the SEC’s rules, the Audit Committee Charter requires that the Audit
Committee review and pre-approve all audit services and permitted non-audit
services provided by the independent auditors to us or any of our subsidiaries.
The Audit Committee may delegate pre-approval authority to a member of the Audit
Committee and if it does, the decisions of that member must be presented to the
full Audit Committee at its next scheduled meeting.




Item 15.
              Exhibits
  Exhibit
                    No.
                  Document
      Description31.1
                  CERTIFICATION of CEO PURSUANT TO
      18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE
      SARBANES-OXLEY ACT OF 2002.31.2
                  CERTIFICATION of CFO PURSUANT TO
      18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE
      SARBANES-OXLEY ACT OF 2002.32.1
                  CERTIFICATION of CEO PURSUANT TO
      18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE
      SARBANES-OXLEYACT OF 200232.2
                  CERTIFICATION of CFO PURSUANT TO
      18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE
      SARBANES-OXLEYACT OF
2002








SIGNATURES




In
accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.





Flurida
Group, Inc., a Nevada corporation





Title
                      
                      Name
                      
                      Date
                      
                      SignaturePrincipal
      Executive Officer
                      
                      Jianfeng
      Ding
                      
                      4/9/2009
                      
                      /s/
      Jianfeng
Ding





In
accordance with the Exchange Act, 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
                        
                        NAME
                        
                        TITLE
                        
                        DATE/s/
      Jianfeng Ding
                        
                        Jianfeng
      Ding
                        
                        Principal
      Executive Officer and Director
                        
                        4/9/2009/s/
      Yaru Hang
                        
                        Yaru
      Hang
                        
                        Principal
      Financial Officer and Principal Accounting Officer
                        
                        4/9/2009/s/
      Xiaoyong Fu
                        
                        Xiaoyong
      Fu
                        
                        Director
                        
                        4/9/2009/s/
      Ying Zhong
                        
                        Ying
      Zhong
                        
                        Director
                        
                        4/9/2009