----

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

|                                          |
|-----------------------------------------------|
| o TRANSITION REPORT UNDER SECTION 13 OR 15(d) |
| OF THE SECURITIES EXCHANGE ACT OF 1934        |
|                                          |

|                             |
|----------------------------------|
| Commission File Number 000-53421 |
|                             |

|                                                       |
|------------------------------------------------------------|
|                                                       |
| Delaware                                                   |   | 90-0535563 |
|                                                       |   |   |
| (State or other jurisdiction of                            |   | (I.R.S. Employer |
| incorporation or organization)                             |   | Identification No.) |
|                                                       |
|                                                       |
| 306 N West El Norte Pkwy                                   |
| Escondido, CA 92026                                        |
|                                                       |
|                                                       |
|                                                       |
|                                                       |
|                                                       |
| ___________________________________                        |
| (Address of principal executive offices)                   |
|                                                       |
| Telephone: (310) 237-2001                                  |
|                                                       |
|   _________________________________________           |
| (Registrant’s telephone number, including area code) |
|                                                       |

----

|   | Large Accelerated Filer | o      | Accelerated Filer    | o      |
|--------|-----------------------------------|--------|---------------------------|--------|
|   |                              |   |                      |   |
|   | Non-accelerated Filer             | o      | Smaller Reporting Company | x      |

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|          |   |   |   |                                                                                            |
|---------------|--------|--------|--------|-------------------------------------------------------------------------------------------------|
| Name          |   | Age    |   | Position(s)                                                                                     |
|          |   |   |   |                                                                                            |
| Pavel Alpatov |   | 30     |   | Chairman of the Board of Directors, Chief Executive Officer, President, Secretary and Treasurer |

----

----

----

|   | Name and Address                                               |   | Amount and Nature ofBeneficial Ownership |   | Percentage of Class |   |
|--------|----------------------------------------------------------------|--------|------------------------------------------|--------|---------------------|--------|
|   |                                                           |   |                                     |   |                |   |
|   | Pavel Alpatov306 N West El Norte Pkwy Escondido, CA 92026 |   | 31,340,000                               |   | 85%                 |   |
|   |                                                           |   |                                     |   |                |   |
|   | MechTech, LLCP.O. Box 7103Rancho Santa Fe, CA 92067            |   | 5,530,388                                |   | 15%                 |   |
|   |                                                           |   |                                     |   |                |   |
|   | All Officers and Directors as a group                          |   | 31,340,000                               |   | 85%                 |   |

----

| Exhibit No.                                                                                                                                                 |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3.1                                                                                                                                                         |   | Certificate of Incorporation was filed as Exhibit 3.1 to Form 10-12G as filed with the U.S. Securities and Exchange Commission on September 18, 2008 and incorporated herein by this reference.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3.2                                                                                                                                                         |   | By-laws were filed as Exhibit 3.2 to Form 10-12G as filed with the U.S. Securities and Exchange Commission on September 18, 2008 and incorporated herein by this reference.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3.3   10.1*   10.2*   10.3   10.4   10.5   10.6    |   | Certificate of Amendment dated February 24, 2010, changing name of the Company to Innovative Wireless Technologies, Inc. was filed as Exhibit 3.3 to Form 10-K as filed with the U.S. Securities and Exchange Commission on March 29, 2010 and incorporated herein by this reference. Asset Purchase Agreement dated as of August 6, 2010 between Innovative Wireless Technologies, Inc. and MechTech, LLC was filed as Exhibit 10.1 to Form 8-K as filed with the U.S. Securities and Exchange Commission on August 10, 2010 and incorporated herein by this reference. Exclusive Distribution and Marketing Agreement dated as of August 6, 2010 between Innovative Wireless Technologies, Inc. and MechTech, LLC was filed as Exhibit 10.2 to Form 8-K as filed with the U.S. Securities and Exchange Commission on August 10, 2010 and incorporated herein by this reference. Asset Transfer Agreement dated as of August 13, 2010 between Innovative Wireless Technologies, Inc. and Sergei Mironichev was filed as Exhibit 10.1 to Form 10-Q as filed with the U.S. Securities and Exchange Commission on August 16, 2010 and incorporated herein by this reference. Loan Agreement dated as of October 8, 2010, between Pavel Alpatov, as Lender, and Innovative Wireless Technologies, Inc., as Borrower, was filed as Exhibit 10.1 to Form 10-Q as filed with the U.S. Securities and Exchange Commission on November 19, 2010 and incorporated herein by this reference. Loan Agreement dated as of June 6, 2010 between Meridian World Trade Co., Inc., as Lender, and Innovative Wireless Technologies, Inc., as Borrower was filed as Exhibit 10.2 to Form 10-Q as filed with the U.S. Securities and Exchange Commission on November 19, 2010 and incorporated herein by this reference. Amendment to Exclusive Distribution and Marketing Agreement dated February 28, 2011, between Innovative Wireless Technologies, Inc. and MechTech, LLC was filed as Exhibit 10.1 to Form 8-K as filed with the U.S. Securities and Exchange Commission on March 8, 2011 and incorporated herein by this reference. |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 31.1                                                                                                                                                        |   | Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Annual Report on Form 10-K for the year ended December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 31.2                                                                                                                                                        |   | Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Annual Report on Form 10-K for the year ended December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 32.1                                                                                                                                                        |   | Certification of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 32.2  *                                                                                                                                           |   | Certification of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002 Certain portions of this Exhibit have been omitted and have been filed separately with the Commission pursuant to a request for Confidential Treatment under Rule 24b-2 as promulgated under the Securities Exchange Act of 1934, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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|                  | INNOVATIVE WIRELESS TECHNLOGIES, INC. |
|-----------------------|---------------------------------------|
|                  |                                  |   |
|                  |                                  |   |
| Dated: April 15, 2011 | By:                              | /s/ Pavel Alpatov |
|             |                                  |
|                  |                                  | Pavel Alpatov |
|                  |                                  | President and Director |
|                  |                                  | Principal Executive Officer |
|                  |                                  | Principal Financial Officer |

|              |   | Title                               |   | Date           |   |
|-------------------|--------|-------------------------------------|--------|----------------|--------|
| /s/ Pavel Alpatov |   |                                |   |           |   |
|              |   | President, Secretary, Chief         |   | April 15, 2011 |   |
| Pavel Alpatov     |   | Financial Officer and Sole Director |   |           |   |

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|                                                          | PAGE |
|---------------------------------------------------------------|------|
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM       | F2   |
|  BALANCE SHEETS                                          | F3   |
|  STATEMENTS OF OPERATIONS                                | F4   |
| STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) | F5   |
| STATEMENTS OF CASH FLOWS                                      | F6   |
| NOTES TO FINANCIAL STATEMENTS                                 | F7   |

----

----

| Innovative Wireless Technologies, Inc. |
|----------------------------------------|
| (a Development stage Company)          |
| Balance Sheet                          |

|                                                                                                                                                                      |   | as of December 31 |     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                                                                                                                      |   | 2010              |     |   | 2009 |   |
| Assets:                                                                                                                                                                   |   |              |     |   |   |   |
|                                                                                                                                                                      |   |              |     |   |   |   |
| Current Assets:                                                                                                                                                           |   |              |     |   |   |   |
| Cash                                                                                                                                                                      |   |              | 32,554   |   |   |   | - |   |
| Total current Assets                                                                                                                                                      |   |              | 32,554   |   |   |   | - |   |
| Patents                                                                                                                                                                   |   | $                 | 553      |   |   | $ | - |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Total Assets                                                                                                                                                              |   | $                 | 33,107   |   |   | $ | - |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Liabilities and Shareholders' Equity:                                                                                                                                     |   |              |     |   |   |   |   |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Current Liabilities:                                                                                                                                                      |   |              |     |   |   |   |   |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Accrued expense                                                                                                                                                           |   | $                 | 34,750   |   |   | $ |   |   |
| Total Current Liabilties                                                                                                                                                  |   |              | 34,750   |   |   |   | - |   |
| Borrowing from others                                                                                                                                                     |   |              | 149,970  |   |   |   |   |   |
| Total Liabilities                                                                                                                                                         |   |              | 184,720  |   |   |   | - |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Shareholders' Equity;                                                                                                                                                     |   |              |     |   |   |   |   |   |
|                                                                                                                                                                      |   |              |     |   |   |   |   |   |
| Prefered stock, $ .0001 par value, 20,000,000 shares authorized, none issued and outstanding                                                                              |   |              | -        |   |   |   |   |   |
| Common Stock, $0.0001 par value, 250,000,000 shares authorized 36,870,388  and 31,340,000 issued and outstanding as of December 31, 2010 and 2009, respectively |   |              | 3,687    |   |   |   | 3,134 |   |
| Paid-in capital                                                                                                                                                           |   |              | 12,234   |   |   |   | - |   |
| Deficit during Development Stage                                                                                                                                          |   |              | (167,534 | ) |   |   | (3,134 | ) |
|                                                                                                                                                                      |   |              | (151,613 | ) |   |   | - |   |
| Total Liabilities and Shareholders' Equity                                                                                                                                |   | $                 | 33,107   |   |   | $ | - |   |

----

| Innovative Wireless Technologies, Inc. |
|----------------------------------------|
|  (a Development stage Company)    |
| Statement of Operations166             |

|                                                |   |         | Cumulative since |   |
|-----------------------------------------------------|--------|--------------|------------------|--------|
|                                                |   |         |             |   |   |   |   | July 24, 2008 |   |
|                                                |   | Years Ended  |             |   | (Inception) |   |
|                                                |   | Dec 31, 2010 |             |   | $Dec 31 ,2009 |   |   | to Dec 31, 2010 |   |
|                                                |   |         |             |   |   |   |   |   |   |
| Revenue                                             |   | $            |             |   |   |   |   |   |   |   |
|                                                |   |         |             |   |   |   |   |   |   |   |
| Operating Expenses:                                 |   |         |             |   |   |   |   |   |   |   |
|                                                |   |         |             |   |   |   |   |   |   |   |
| Legal, audit and other general & administrative |   |         | 164,400          |   |   |   |   |   |   | 167,534 |   |
|                                                |   |         | -                |   |   |   | - |   |   |   | - |   |
|                                                |   |         | 164,400          |   |   |   | - |   |   |   | 167,534 |   |
| Total Expenses:                                     |   |         | 164,400          |   |   |   | - |   |   |   | 167,534 |   |
| Income ( Loss) before income taxes                  |   |         | (164,400         | )      |   |   | - |   |   |   | (167,534 | ) |
|                                                |   |         |             |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                          |   |         | -                |   |   |   | - |   |   |   | - |   |
|                                                |   |         |             |   |   |   |   |   |   |   |   |   |
| Net loss                                            |   | $            | (164,400         | )      |   | $ | - |   |   | $ | (167,534 | ) |
|                                                |   |         |             |   |   |   |   |   |   |   |   |   |
| Loss per share                                      |   |         | (0.005           | )      |   |   | - |   |   |   |   |   |
| Weighted average common shares ( basic and diluted) |   |         | 33,552,155       |   |   |   | 31,340,000 |   |   |   |   |   |

----

| Innovative Wireless Technologies, Inc. |
|----------------------------------------|
| ( a Development Stage Company)         |
| Statement of Shareholders' Equity      |

|                                                      |   | Number of Common Shares |       |   | Amount |   |   | Additional Paid-In Capital |   |   | Deficit Accumulated during development stage |   |   | Total  |     |
|-----------------------------------------------------------|--------|-------------------------|------------|--------|--------|--------|--------|----------------------------|--------|--------|----------------------------------------------|--------|--------|--------|----------|
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |
| Pre-Inception Balance                                     |   |                    | -          |   |   | $      | -      |                       |   | $      | -                                            |   |   | $      | -        |   |   | $ | - |   |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   |   |   |
| Common Stock Issued for services to founder on 07/24/2008 |   |                    | 31,340,000 |   |   |   | 3,134  |                       |   |   | -                                            |   |   |   | -        |   |   |   | 3,134 |   |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   | - |   |
| Net Loss for the Period                                   |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   | (3,134   | ) |   |   | (3,134 | ) |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   |   |   |
| Balance as of 12/31/2008                                  |   |                    | 31,340,000 |   |   |   | 3,134  |                       |   |   | -                                            |   |   |   | (3,134   | ) |   |   | - |   |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   |   |   |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   |   |   |
| Net Loss for the Period                                   |   |                    | -          |   |   |   | -      |                       |   |   | -                                            |   |   |   | -        |   |   |   | - |   |
| Balance as of 12/31/2009                                  |   |                    | 31,340,000 |   |   |   | 3,134  |                       |   |   | -                                            |   |   |   | (3,134   | ) |   |   | - |   |
|                                                      |   |                    |       |   |   |   |   |                       |   |   |                                         |   |   |   |     |   |   |   |   |   |
| Common Stock issued for assets purchase, 08/06/2010       |   |                    | 5,530,388  |   |   |   | 553    |                       |   |   | 12,234                                       |   |   |   | -        |   |   |   | 12,787 |   |
| Net Loss for the Period                                   |   |                    | -          |   |   |   | -      |                       |   |   | -                                            |   |   |   | (164,400 | ) |   |   | (164,400 | ) |
| Balance as of 12/31/2010                                  |   |                    | 36,870,388 |   |   | $      | 3,687  |                       |   | $      | 12,234                                       |   |   | $      | (167,534 | ) |   | $ | (151,613 | ) |

----

| Innovative Wireless Technologies, Inc. |
|----------------------------------------|
| ( a Development Stage Company)         |
| Statements of Cash Flows               |

|                                                 |   |         |     |   |          |   |   | Cumulative since |   |
|------------------------------------------------------|--------|--------------|----------|--------|---------------|--------|--------|------------------|--------|
| Cash Flows From                                      |   | Years Ended  |     |   | July 24, 2008 |   |
| Operating Activities                                 |   | Dec 31, 2010 |     |   | Dec 31 ,2009  |   |   | (Inception)      |   |
|                                                 |   |         |     |   |          |   |   | to Dec 31, 2010  |   |
|                                                 |   |         |     |   |          |   |   |             |   |
| Net loss                                             |   | $            | (164,400 | )      |          | $      | -      |             |   | $ | (167,534 | ) |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Adjustments to reconcile net income (loss)           |   |         |     |   |          |   |   |             |   |   |   |   |
| to net cash (used in) operations                     |   |         |     |   |          |   |   |             |   |   |   |   |
| Common stock issued for service                      |   |         | -        |   |          |   | -      |             |   |   | 3,134 |   |
| Stock issued for purchase of assets                  |   |         | 12,787   |   |          |   | -      |             |   |   | 12,787 |   |
| Changes in operating assets and liailities           |   |         |     |   |          |   | -      |             |   |   | - |   |
|   Increase (decrease) in accrued expense   |   |         | 34,750   |   |          |   |   |             |   |   | 34,750 |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Net Cash provided by (used in) operations            |   |         | (116,863 | )      |          |   | -      |             |   |   | (116,863 | ) |
|                                                 |   |         | -        |   |          |   | -      |             |   |   | - |   |
| Cash Flows From                                      |   |         |     |   |          |   |   |             |   |   |   |   |
| Investing Activities                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Patents purchased in stocks                          |   |         | (553     | )      |          |   |   |             |   |   | (553 | ) |
| Net cash provided by investing activities            |   |         | (553     | )      |          |   | -      |             |   |   | (553 | ) |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Cash Flows From                                      |   |         |     |   |          |   |   |             |   |   |   |   |
| Financing Activities                                 |   |         |     |   |          |   |   |             |   |   |   |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Stock issued for service                             |   |         | -        |   |          |   | -      |             |   |   |   |   |
| Iborrowing from a related party                      |   |         | 149,970  |   |          |   |   |             |   |   | 149,970 |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Net cash provided by  financing activities |   |         | 149,970  |   |          |   | -      |             |   |   | 149,970 |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Net increase (decrease)                              |   |         | 32,554   |   |          |   | -      |             |   |   | 32,554 |   |
| Cash at the Beginning of the Period:                 |   |         | -        |   |          |   | -      |             |   |   | - |   |
| Cash at the End of the Period                        |   | $            | 32,554   |   |          | $      | -      |             |   | $ | 32,554 |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Noncash transaction                                  |   |         |     |   |          |   |   |             |   |   |   |   |
| Common stock issued for purchase of assets           |   | $            | 12,787   |   |          | $      |   |             |   | $ | 15,921 |   |
| Supplemental Disclosures of                          |   |         |     |   |          |   |   |             |   |   |   |   |
| Cash Flow Information                                |   |         |     |   |          |   |   |             |   |   |   |   |
|                                                 |   |         |     |   |          |   |   |             |   |   |   |   |
| Interest paid                                   |   | $            | -        |   |          | $      | -      |             |   | $ | - |   |
| Income taxes paid                                    |   | $            | -        |   |          | $      | -      |             |   | $ | - |   |

----

----

----

| Creditor                                                                     | Date of Original Loan    | Maturity Date             | Maximum Principal     | Interest  Rate   | Balance as ofDec 31, 2010 |
|------------------------------------------------------------------------------|--------------------------|---------------------------|-----------------------|----------------------------|---------------------------|
| Meridian World Trading Co. Inc. ( what is the relationship to the company ?) |   June 6, 2010 |   June 19, 2013 |   $ 100,000 |   10 % per annum |   $ 50,000      |
| Mr.Pavel Alpatov, controlling shareholder and related party                  |  October 8, 2010    |  October 7, 2020     |  $ 100,000       |  10 % per annum       |  $ 99,970            |
|  Total                                                             |                     |                      |                  |                       |  $ 149,970           |

----

|                                                      |   |   |    |
|----------------------------------------------------------------|--------|--------|---------|
| At December 31, 2010, deferred tax assets consist of:          |   |   |    |
| Net operating loss carry forward – net of  tax |   | $      | 58,637  |   |
| Start-up costs capitalized for tax purposes                    |   |   | -0-     |   |
| Gross deferred tax assets                                      |   |   | 58,637  |   |
| Valuation allowance                                            |   |   | (58,637 | ) |
| Net deferred tax assets                                        |   | $      | -       |   |

----