U.S.
Securities and Exchange Commission
 Washington,
D.C. 20549
  
  FORM
10-K
  
 [X]
              Annual
      Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
      for the Fiscal Year Ended December 31,
2008
 
 [
       ]
              Transition
      Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
      for the Transition Period from _______ to
  _______
 
 Commission
File Number: 000-53272
 
 MURALS BY MAURICE,
INC.
  (Exact
name of registrant as specified in its charter)
 
 Florida
                20-8565429(State
      or other jurisdiction of
                (IRS
      Employer Identification No.)incorporation
      or organization)
  295
Northwest 89th Avenue
 Coral Springs, Florida
33071
 (Address
of principal executive offices)
 
 (954)
701-1132
 (Issuer's
telephone number)
  
 Securities
Registered Pursuant to Section 12(b) of the Act:
 Common
Stock
 Par
Value: 0.001
 
 Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.
 Yes
[x]                                No
[  ]
 
 Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 if
Regulation S-K (229.405 of this Chapter) is not contained herein, and will not
be contained, to the best of the registrant’s knowledge, in definitive proxy of
information statements incorporated by reference in Part III of this Form 10-K
or any amendments to this Form 10-K.
 Yes
[  ]                                No
[x]
 
  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
definitions of “large accelerated filer”, “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
  Large
      accelerated filer
               ̈Non-accelerated
      filer
               ̈(Do
      not check if a smaller reporting company)Accelerated
      filer
               ̈Smaller
      reporting company
              þ
  Indicate
by check mark whether the registrant is a shell company (as defined in rule
12b-2 of the exchange act).
 Yes
[  ]                                No
[X]
 
 The
aggregate market value of the voting stock on March 30, 2009 (consisting of
Common Stock, $0.001 par value per share) held by non-affiliates was
approximately $178,500 based upon the most recent sales price for such Common
Stock on said date ($0.20). March 30, 2009, there were 8,892,500 shares of our
Common Stock issued and outstanding, of which approximately 892,500 shares were
held by non-affiliates.
 
 Number of
shares of common stock outstanding as of March 30,
2009: 8,892,500
 
 DOCUMENTS
INCORPORATED BY REFERENCE
 
 None
 
 CAUTIONARY
STATEMENT REGARDING FORWARD LOOKING INFORMATION
  The
discussion contained in this 10-K under the Securities Exchange Act of 1934, as
amended, contains forward-looking statements that involve risks and
uncertainties. The issuer's actual results could differ significantly from those
discussed herein. These include statements about our expectations, beliefs,
intentions or strategies for the future, which we indicate by words or phrases
such as "anticipate," "expect," "intend," "plan," "will," "we believe," "the
Company believes," "management believes" and similar language, including those
set forth in the discussions under "Notes to Financial Statements" and
"Management's Discussion and Analysis or Plan of Operation" as well as those
discussed elsewhere in this Form 10-K. We base our forward-looking statements on
information currently available to us, and we assume no obligation to update
them. Statements contained in this Form 10-K that are not historical facts are
forward-looking statements that are subject to the "safe harbor" created by the
Private Securities Litigation Reform Act of 1995.
 
 1
  TABLE OF
CONTENTS
 
 PART I:
 Item
    1.
              Business
              3Item
    1A.
              Risk
      Factors
              5Item
    1B.
              Unresolved
      Staff Comments
              6Item
      2.
              Properties
              6Item
      3.
              Legal
      Proceedings
              6Item
      4.
              Submission of
      Matters to a Vote of Security Holders
              6PART
      II:Item
      5.
              Market for
      Registrant’s Common Equity, Related Stockholder Matters and Issuer
      Purchases of Equity Securities
              7Item
      6.
              Selected
      Financial Data
              9Item
      7.
              Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
              9Item
      7A.
              Quantitative
      and Qualitative Disclosures About Market Risk
              9Item
      8.
              Financial
      Statements and Supplementary Data
              10Item
    9.
              Changes in and
      Disagreements with Accountants on Accounting and Financial Disclosure
              20Item
    9A.
              Controls and
      Procedures
              20Item
      9A(T)
              Controls and
      Procedures
              20Item
    9B.
              Other
      Information
              20PART III:Item
      10.
              Directors,
      Executive Officers and Corporate Governance
              21Item
    11.
              Executive
      Compensation
              21Item 12.
              Security
      Ownership of Certain Beneficial Owners and Management and Related
      Stockholders Matters
              22Item13.
              Certain
      Relationships and Related Transactions, and Director
Independence
              22Item
    14.
              Principal
      Accounting Fees and Services
              22PART IV:Item
    15.
              Exhibits,
      Financial Statement Schedules
              23SIGNATURES:
              24
  2
  ITEM 1.
BUSINESS
 
 Murals By
Maurice, Inc. (www.muralsbymaurice.com)
is an existing business in Coral Springs, Florida.  Since the Company
began full-time operations in 1999, it has been providing mural painting
services that cater to customer needs and budgets. The Company was incorporated
under the laws of the state of Florida on January 11, 2007, and it continues to
specialize in mural painting.  Its primary focus is to increase its
sales growth in the Coral Springs area and beyond through the sale of custom
murals and art designs.
 
 The
company will strive in the art industry to nurture the best practices, talent of
personnel, and customer service and share them broadly to create value for our
customers, shareholders, partners and employees. We continue to explore
opportunities that will result in continued growth including new potential
ventures of selling art online and offering art classes.
  Murals By
Maurice, Inc. will promote our products and services primarily through print and
online advertisements, word-of-mouth advertisements, and referrals, and will
concentrate on building a distribution network for internet sales. Our target
market includes homeowners, organizations, businesses, schools, medical offices,
hospitals, and churches. Our industry experience has allowed us to identify
target markets that will be receptive to our proprietary products and concepts
while allowing the quickest market penetration with as minimal competition as
possible.
 
 Business
of Issuer
  Products
and Services
  Creative, skilled
craftsman.With
eight years of mural painting experience and over six years of experience in the
mural painting industry, Maurice Katz is a talented artist capable of turning a
client’s imagination into a work of art.
 
 Mural size variations from small to
large.Mr.
Katz has successfully painted a wide variety of works from small canvas projects
to projects as large as 2,000 square feet.  No job is too small or too
large.
 
 Wide array of mural options and
choices.  With a large portfolio of completed murals to pursue,
customers have a wide array of mural options and choices.
  Our
Business Model
 
 The
Company plans to attract new customers in a variety of ways.  These
include aggressively advertising through newspaper ads and a variety of
magazines; building relationships with local interior design businesses,
architects and builders; building relationships with local painting contractors;
building relationships with local businesses and medical facilities;
word-of-mouth advertising through quality workmanship and personalized customer
service; and focused advertising on the Internet to allow the Company to gain
exposure on a larger scale.
 
 Strategy
and Implementation Summary
 
 We will
watch our results very carefully. Believing that a business opportunity exists
is important. However, we will not pursue a business model if we cannot afford
to be in that business. We will strategically focus on developing relationships
with customers and other businesses as well as aggressively advertising. Our
business strategy is to quickly and aggressively build our brand awareness,
expand our growth, and provide unmatchable high quality craftsmanship and
service.
 
 Sales
Strategy
 
 Our
strategy focuses first on establishing relationships with customers and other
professionals.  By maintaining strong relationships fostered from
previous business relationships, we have an existing list of prominent contacts
that we can continually approach with new and innovative ideas. We will focus on
capitalizing the relationships and industry contacts we have established in the
past.
 
 Promotion
and Marketing Strategy
 
 Murals By
Maurice, Inc. will sell its products through print and online marketing
campaigns. The personnel will interact with customers and other businesses to
foster relationships that will lead to referrals. Murals By Maurice,
Inc. will pursue a growth strategy, which includes expanding the product
line to include art classes and expanding the geographic boundaries of the
Company beyond the Coral Springs, Florida area through the use of Internet
marketing.
 
 Strengthen Our Customer
Relationships.    We plan to strengthen our existing
customer relationships and build new customer relationships through a
personalized service approach.  By maintaining 100% customer
satisfaction, we will position ourselves for word-of-mouth advertising and
referrals.
 
 Strengthen Our Business
Relationships.    We plan to strengthen our existing
business relationships and build new relationships with interior architects,
designers, and builders.  We will establish a network for referral
business and reach a larger customer base. Where appropriate, we intend to enter
new markets to leverage our expertise, brand, and portfolio.
  Expand Use of Alternative Sales and
Marketing Channels.    We intend to expand our use of
alternative channels to market and sell our products and services. For example,
we plan to continuously improve and update our website to provide customers with
the latest information and to provide an avenue for online sales. Our own
Internet sites, portals, and online brands will enable us to market and sell our
products directly to online consumers.
 
 Expand Our Global Presence.
    By selling art online, we will expand beyond the Coral
Springs, Florida area.
 
 Experienced Management.  Our
President and CEO has nine years of mural painting experience and over seven
years of experience in the mural painting industry. We believe his expertise,
high quality craftsmanship, and continuity are significant competitive
advantages in the mural painting industry.
  Strategy
 
 In
order to maximize market share and increase profitability, we believe it is
important to offer a broad portfolio of artwork for all customer segments that
are adaptable to individual client needs. We intend to do this by executing on
the following strategies:
  Expand
market share
  We
believe that we can grow overall market share in our industry by updating and
expanding our website to sell art online. By selling art online, we expand our
customer base.
 
 We also
believe that we can expand our market share by building our brand
awareness.
  Increase
sales and profits from current mass-market opportunities
  We have
worked to grow and diversify our products and services targeted at the
mass-market by offering a wide array of quality mural selections, which will
allow us to continue to leverage our brand with both new products and through
the catalog of existing products. In order to increase sales and profits from
current pieces, our goal is to continue painting high quality pieces and market
them aggressively.
  3
  Product
Development
 
 We
develop our products using a variety of techniques. We make the decision as to
which technique to use based upon the needs and imaginations of the
clients.  We offer both mural and canvas paintings.  In addition,
we are skilled in the techniques of trompe l’oeil and faux.  For
clients whose needs and imaginations include a three dimensional rendering in a
two dimensional plane, using realistic imagery that is the object of trompe
l’oeil provides that feeling.  For clients who need and imagine an
appearance of texture such as marble, wood, or simply some other decorative
finish on their paintings, faux painting creates that effect.  We
develop our murals with the appropriate techniques to fit the unique visions of
each individual customer
  Marketing
and Sales
 
 We plan
to attract new customers through a marketing strategy that consists of various
forms of aggressive advertising.  The strategy includes aggressive
advertisements in newspapers and various magazines as well as at trade and home
shows.  By aggressively advertising in these arenas, we will promote
and build our brand name.
 
 In
addition, the strategy includes building relationships with interior design
businesses, architects, builders, and painting contractors.  By
building these relationships, we are creating awareness about the Company and
pursuing referrals.  We also aim to build relationships with local
businesses and medical facilities for referrals.  In addition to
referrals, these relationships could lead to doing business with these
individuals and businesses personally.
 
 Part of
our marketing strategy also includes providing quality workmanship and customer
service within client budgets.  In doing this, we aim to increase
word-of-mouth advertising, which further promotes brand awareness and the
likelihood of receiving referrals.
 
 Finally,
the strategy includes doing focused advertising on the Internet.  This
will allow the Company to gain exposure on a larger scale, further promoting
brand awareness and also reaching out to a much larger population and
demographic.
 
 We will
strive to create brand awareness for our products and
services.  Consistent with our strategy to build and maintain our
appeal, our marketing efforts include customization of products to conform to
consumer preferences and in individual customer localities.  We also
strive to identify new opportunities.  This structure is designed to
maximize market performance.
 
 Distribution
Methods
  Our
services are currently provided through personal contracting and
delivery.  In the near future, we plan on enabling our website to make
it possible for customers to order our artwork through the
Internet.  Upon receipt of orders, the requested artwork can be
shipped to the appropriate customer.  This will further expand our
customer base and increase revenues.
  Competitive
Business Conditions
  The mural
painting industry is highly competitive.  Customers are seeking pieces
of art that will bring their imaginations to life, and they want this done
within their budgets.  There are several mural painting companies
located in the Florida area.  However, most do not specialize
exclusively in mural and portrait painting. Nevertheless, many of our
competitors have been in business for many years, have established customer
bases, are larger, and will be able to handle larger investment in
resources.
 
 As demand
for murals increases, we expect new competitors to enter the market and existing
competitors to allocate more resources to mural and portrait painting. As a
result, we expect competition in the mural painting industry to
intensify.  The Company’s ability to be profitable will depend largely
on the abilities of management, its Board of Directors, consultants and the
ability of Murals By Maurice, Inc. to attract, retain, and grow its brand name,
customer base, and personnel as well as its ability to control
expenses.
 
 We
generally differentiate ourselves from our competitors in several key respects.
Our focus on mural and portrait painting allows us to specialize in an area of
expertise where many existing companies do not.  In addition, our
large array of options available to customers and our ability to provide our
services within customer budgets also gives us a competitive
advantage.
 
 We
believe we compete favorably in the principal competitive factors in our market,
which consist of the following:
 
 Offering
a wide array of mural selections
 
 Offering
variations in mural sizes
  Being
skilled in several areas of art such as mural painting, canvas painting, trompe
l’oeil, and faux painting.
 
 Although
we feel our experience and personal relationships will bring in revenues, there
is no guarantee that our company will be able to compete in this market
successfully overall.
 
 Source
and Availability of Raw Materials
  Our raw
materials consist of paints, canvases, brushes, and other art
supplies.  We obtain these materials from local suppliers and art
stores.  We believe that these materials will continue to remain
readily available to us.
 
 Dependence
on One or a Few Customers
  We do not
depend on one or a few major customers.
 
 Patents,
Trademarks, Royalties, Etc.
  We do not
currently hold any patents, trademarks, licenses, or concessions and are not a
party to any royalty agreements or labor contracts.
 
 Government
Approvals
 
 We do not
depend on government approval for our principal products and
services.
  Existing
or Probable Governmental Regulations
  Changes
in federal and state legislation and regulations applicable to Murals By
Maurice, Inc. may have the effect of increasing or decreasing the cost of doing
business, modifying permissible activities, or enhancing the competitive
position of other mural painting companies.  Changes in applicable
laws or regulations may have an adverse effect on the business and prospects of
the company.  Many of these regulations are intended to protect the
public, not shareholders.
 
 Few
changes in the mural painting industry have resulted from federal legislation
intended to protect consumers.
  Number
of Employees
  We
currently have one full-time employee, Maurice Katz, our President and
CEO.
 
 4
 
 ITEM 1A. RISK
FACTORS
 
 An
investment in our common stock being offered for resale by the selling
shareholders is very risky. You should carefully consider the risk factors
described below, together with all other information in this prospectus before
making an investment decision. Additional risks and uncertainties not presently
foreseeable to us may also impair our business operations. If any of the
following risks actually occurs, our business, financial condition or operating
results could be materially and adversely affected. In such case, the trading
price of our common stock could decline, and you may lose all or part of your
investment.
 
 Because
we have a limited operating history, our business is difficult to
evaluate.
 
 We began
operating in 1999 and incorporated in January 2007.  An investor in
our common stock must consider the risks and difficulties frequently encountered
by early stage companies in new and rapidly evolving markets, particularly those
involved in the mural painting industry.  We expect our operating
expenses to increase significantly, especially in the areas of development,
marketing and promotion.  As a result we will need to increase our
revenue to remain profitable.  If our revenue does not grow as
expected or increases in our expenses are not in line with forecasts, there
could be a material adverse effect on our business, results of operations and
financial condition.
 
 We
need additional financing and there is no assurance it can be obtained; and any
such future financings may significantly dilute your equity interest in our
stock.
 
 We
currently have insufficient capital to meet our development plans for our
expanding services, and require an inflow of additional capital or
financing.  We expect to engage in future financings over the next
several years in which we anticipate efforts to raise additional
capital.  There can be no assurances that such financings will ever be
completed, but any such financings could involve a dilution of the interests of
our shareholders upon the issuance of additional shares of common stock and
other securities.  To the extent we will need additional financing in
the immediate or near future to implement our business plan, attaining such
additional financing may not be possible.  If additional capital is
otherwise available, the terms on which such capital may be available may not be
commercially feasible or advantageous to us or our shareholders.
 
 Declining
economic conditions could negatively impact our business
  Our
operations are affected by local, national and worldwide economic
conditions.  Markets in the United States and elsewhere have been
experiencing extreme volatility and disruption for more than 12 months, due in
part to the financial stresses affecting the liquidity of the banking system and
the financial markets generally.  In recent weeks, this volatility and
disruption has reached unprecedented levels.  The consequences of a
potential or prolonged recession may include a lower level of economic activity
and uncertainty regarding energy prices and the capital and commodity markets.
While the ultimate outcome and impact of the current economic conditions cannot
be predicted, a lower level of economic activity might result in a decline in
energy consumption, which may adversely affect the price of oil, liquidity and
future growth.  Instability in the financial markets, as a result of
recession or otherwise, also may affect the cost of capital and our ability to
raise capital.
 
 We
face significant competition and there is no assurance that we will be able to
compete.
 
 Competition
is based primarily upon creativity, artistic talent, service, functionality, and
reward potential.  There are numerous well established competitors,
including national, regional and international artists accessed via the World
Wide Web.  Many of these artists possess substantially greater
financial, marketing, personnel and other resources than we do.  In
the online marketing efforts, competition is based primarily upon Internet site
traffic, products, e-commerce transactions, price and customer
service.  There can be no assurance that we will be able to respond to
various competitive factors affecting the Internet marketing and art
industries.
 
 We
may be unable to successfully manage the expansion of our mural and Internet
businesses.
 
 As part
of our business plan, we anticipate increasing our revenues, expanding our
customer base and enhancing awareness of our brand name by improving and
continuously updating our website.  We cannot assure you that our
development plan, as well as our overall business strategy, will be
successful.  Furthermore, expansion will require additional
experienced personnel who may not be available.  In addition, if we
abandon a project during development, or if a project is not profitable, we may
have incurred substantial costs which may not be recoverable.
 
 Unexpected
material changes in consumer tastes and demographic trends or a downturn in
national, regional and local economic conditions may adversely affect our
business.
 
 The art
industry is affected by changes in consumer tastes and by national, regional and
local economic conditions and demographic trends.  As an industry
participant, our ability to generate revenues is highly sensitive to public
tastes, which are unpredictable.  We may not be able to offer a
selection of mural products that will attract consumers to our
company.  In addition, a general economic downturn may result in a
change of discretionary spending patterns and a decrease in our
revenues.
 
 We
may have difficulty managing our potential growth.
 
 We could
experience a period of significant expansion and we anticipate that further
expansion will be required to address potential growth in our customer base and
market opportunities.  Any expansion is expected to place a
significant strain on our management, operational and financial resources. At
the present time, we expect it will be required to increase our number of
employees during our current fiscal year.  To manage the expected
growth of our operations and personnel, we will be required to improve existing
and implement new transaction processing, operational and financial systems,
procedures and controls, and to expand, train and manage our growing employee
base.  We also will be required to expand our finance, administrative
and operations staff.  Further, we may be required to enter into
relationships with various strategic partners necessary to our
business.  There can be no assurance that our current and planned
personnel systems, procedures and controls will be adequate to support our
future operations, that management will be able to hire, train, retain, motivate
and manage required personnel or that our management will be able to identify,
manage and exploit existing and potential strategic relationships and market
opportunities.  Our failure to manage growth effectively could have a
material adverse effect on our business, results of operations and financial
condition.
 
 If
appropriate opportunities present themselves, we intend to acquire businesses,
technologies, services or products that we believe are
strategic.  There can be no assurance that we will be able to
identify, negotiate or finance future acquisitions successfully, or to integrate
such acquisitions with our current business.  The process of
integrating an acquired business, technology, service or product may result in
unforeseen operating difficulties and expenditures and may absorb significant
management attention that would otherwise be available for ongoing development
of our business.  Moreover, there can be no assurance that the
anticipated benefits of any acquisition will be realized.
 
 Further,
acquisitions could result in potentially dilutive issuances of equity
securities, the incurrence of debt, contingent liabilities and/or amortization
expenses related to goodwill and other intangible assets, which could materially
adversely affect our business, results of operations and financial
condition.  Any such future acquisitions of other businesses,
technologies, services or products might require us to obtain additional equity
or debt financing, which might not be available on terms favorable to us, or at
all, and such financing, if available, might be dilutive.
 
 Our
business plan is based, in part, on estimates and assumptions which may prove to
be inaccurate and accordingly our business plan may not succeed.
 
 The
discussion of our business incorporates management’s current best estimate and
analysis of the potential market, opportunities and difficulties that we
face.  There can be no assurances that the underlying assumptions
accurately reflect our opportunities and potential for
success.  Competitive and economic forces on marketing, distribution
and pricing of our products make forecasting of sales, revenues and costs
extremely difficult and unpredictable.
  If
we lose the services of a number of key employees, our business could
suffer.
 
 Our
success is highly dependent upon the continued services of Maurice Katz, who is
President and CEO as well as a member of our Board of Directors.  We
do not have a written employment agreement with Mr. Katz, and the loss of his
services would have a material adverse effect on our business.  There
can be no assurances that we would be able to replace this executive in the
event his services become unavailable.  We do not have any key-man
life insurance on any of our employees.
 
 We
do not intend to pay any dividend for the foreseeable future.
 
 We do not
anticipate paying cash dividends in the foreseeable future.  The
future payment of dividends is directly dependent upon our future earnings,
financial requirements and other factors to be determined by our board of
directors.  We anticipate any earnings that may be generated from our
operations will be used to finance our growth and that cash dividends will not
be paid to shareholders.
  5
  Sales
of our common stock by our principal shareholder could affect the level of
public interest in our common stock as well as depress its price.
  Our
common stock trades on the Over the Counter Bulletin Board under the symbol
“MUBM.” Because our principal stockholder, Maurice Katz, owns approximately 90%
of our common stock he may dispose of a substantial percentage of his stock
after a one-year holding period subject to the limitations of Rule 144 under the
Securities Act of 1933, as amended. In general, these limitations impose a
maximum sale requirement equal to the greater of an amount during the preceding
three months of 1% of our outstanding shares or an amount equal to the average
weekly reported volume of trading in our common stock on all national securities
exchanges and/or reported through the automated quotation system of a registered
securities association during the four calendar weeks preceding the filing of a
Rule 144 notice. In addition, there are other requirements imposed by Rule 144,
including manner of sale and other requirements. If substantial amounts of any
of these shares are sold either on the open market or pursuant to Rule 144,
there may be downward price pressures on our common stock price, causing the
market price of our common stock to decrease in value. In addition, this selling
activity could:
  o
              Decrease
      the level of public interest in our common stock;o
              Inhibit
      buying activity that might otherwise help support the market price of our
      common stock; ando
              Prevent
      possible upward price movements in our common
  stock.
 
 There
is no liquid trading market for our shares of common stock and you may be unable
to sell your shares.
  There has
never been a liquid public trading market in our common stock and no such liquid
trading market is expected to develop in the immediate future.  We are
relying on certain exemptions from registration under the Securities Act of
1933, which will result in certain restrictions on the resale of our
shares.  We are not obligated to repurchase any shares at the request
of any holder thereof.  Further, we are not obligated to register our
common stock under the Securities Act of 1933 or to otherwise contact market
makers to create and maintain a market in our shares.  Our common
stock is not a suitable investment for investors who require
liquidity.  There can be no assurance that a significant public market
for our securities will develop or be sustained.  Thus, there is a
risk that you may never be able to sell your shares.
 
 Our
lack of an established brand name and relative lack of resources could decrease
our ability to effectively compete in the mural market.
 
 We do not
have an established brand name or reputation in the mural
business.  We also have a relative lack of resources to conduct our
operations.  Thus, we may have difficulty effectively competing with
companies that have greater name recognition and resources than we
do.  Presently, we have no patents, copyrights, trademarks and/or
service marks that would protect our brand name or our proprietary information,
nor do we have any current plans to file applications for such
rights.  Our inability to promote and/or protect our brand name may
decrease our ability to compete effectively in the mural market.
 
 We
have substantial near-term capital needs; we may be unable to obtain the
additional funding needed to enable us to operate profitably in the
future.
 
 We will
need additional funding over the next twelve months to develop our
business.  As of December 31, 2008, we had only $83 worth of liquid
assets with which to pay our expenses.  In addition, we have no credit
facility or other committed sources of capital.  Accordingly, we will
seek outside sources of capital such as conventional bank financing; however,
there can be no assurance that we will be able to obtain favorable terms for
such financing.  If adequate funds are not available, we may be
required to curtail operations or shut down completely.
 
 We
may need to issue more stock, which could dilute your stock.
 
 If we do
not have enough capital to meet our future capital requirements, we may need to
conduct additional capital-raising in order to continue our
operations.  To the extent that additional capital is raised through
the sale of equity and/or convertible debt securities, the issuance of such
securities could result in dilution to our shareholders and/or increased debt
service commitments.  Accordingly, if we issue additional stock, it
could reduce the value of your stock.
 
 Our
principal stockholder controls our business affairs, so you will have little or
no participation in our business affairs.
 
 Currently,
our principal stockholder, Maurice Katz, owns approximately 90% of our common
stock.  As a result, he will have control over all matters requiring
approval by our stockholders and can outvote all minority
stockholders.  In addition, he will be able to elect all of the
members of our Board of Directors, which will allow him to significantly control
our affairs and management.  He will also be able to affect most
corporate matters requiring stockholder approval by written consent, without the
need for a duly noticed and duly-held meeting of
stockholders.  Accordingly, you will be limited in your ability to
effect change in how we conduct our business.
 
 Our
management may have possible conflicts of interest that may reduce the level of
business we conduct or expansion we pursue.
 
 Our
officers and directors are involved in other business activities and may, in the
future become involved in other business opportunities that may reduce the level
of business we conduct or expansion we pursue. If another business opportunity
becomes available, our officers and directors may face a conflict in selecting
between us and their other business interests. We have not formulated a policy
for the resolution of such conflicts. We have previously entered into
transactions—and may do so in the future—with our officers, directors, and
shareholders, or companies under their control.  We have no current
plans to engage in transactions with our officers, directors, or
owners.  However, future transactions or arrangements between or among
our officers, directors, shareholders, and companies they control may occur, and
may result in conflicts of interest, which may reduce the level of business we
conduct or the level of expansion we pursue.
 
 We
have incurred losses from operations and limited cash that raises substantial
doubt as to whether we can continue as a going concern.
 
 As of
December 31, 2008, our accumulated deficit was $160,568.  Our cash
flows provided by (used in) operations were $1,691 and $(31,664) for the years
ended December 31, 2008 and December 31, 2007, respectively.  At
December 31, 2007, our accumulated deficit was $141,484, and our cash flows
provided by (used in) operations were $(31,664).  We have incurred
losses from operations and limited cash that raises substantial doubt as to
whether we can continue as a going concern
 
 ITEM 1B. Unresolved Staff
Comments
 
 None.
  ITEM 2.
PROPERTIES
 
 We carry
out our operations in approximately 200 square feet of offices out of the home
of the Company President at 295 Northwest 89th Avenue,
Coral Springs, Florida 33071.  There is no lease, and the fair value
of the space contributed is immaterial to the financial statements taken as a
whole
 
 ITEM 3.LEGAL
PROCEEDINGS
  As of the
date of this report, we are not a party to any pending legal proceeding and are
not aware of any threatened legal proceeding.
 
 ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  None.
 
 6
  PART II
  ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
 
 Our
common stock is traded the Over-The-Counter Bulletin Board under the symbol
“MUBM.” The Over-The-Counter Bulletin Board is a quotation medium for
subscribing members only. And only market makers can apply to quote securities
on the Over-The-Counter Bulletin Board. Trading in the common stock in the
over-the-counter market has been limited and sporadic and the quotations set
forth below are not necessarily indicative of actual market conditions. Further,
these prices reflect inter-dealer prices without retail mark-up, mark-down, or
commission, and may not necessarily reflect actual transactions. The following
tables set forth the high and low sale prices for our common stock as reported
on the Electronic Bulletin Board for the periods indicated.
  2008                                                                High             
    Low
 
 Quarter
Ended December 31, 2008*       
$    .20               
$ .125
 Interim
period Ending April 5,
2009        $    .51                $  
..20
 
 *Our
stock commenced trading on October 15, 2008
  A
shareholder in all likelihood, therefore, will not be able to resell their
securities should he or she desire to do when eligible for public resale.
Furthermore, it is unlikely that a lending institution will accept our
securities as pledged collateral for loans unless a regular trading market
develops. We have no plans, proposals, arrangements or understandings with any
person with regard to the development of a trading market in any of our
securities.
 
 Shares
Eligible for Future Sale
  In
general, under Rule 144 as currently in effect, any of our affiliates and any
person or persons whose sales are aggregated with our affiliates, who has
beneficially owned his or her restricted shares for at least one year, may be
entitled to sell in the open market within any three-month period a number of
shares of common stock that does not exceed the greater of (i) 1% of the then
outstanding shares of our common stock, or (ii) the average weekly trading
volume in the common stock during the four calendar weeks preceding such sale.
Sales under Rule 144 are also affected by limitations on manner of sale, notice
requirements, and availability of current public information about us.
Non-affiliates who have held their restricted shares for at least six months may
be entitled to sell their shares under Rule 144 without regard to any of the
above limitations, provided they have not been affiliates for the three months
preceding such sale.
 
 Further,
Rule 144A as currently in effect, in general, permits unlimited resales of
restricted securities of any issuer provided that the purchaser is an
institution that owns and invests on a discretionary basis at least $100 million
in securities or is a registered broker-dealer that owns and invests $10 million
in securities. Rule 144A allows our existing stockholders to sell their shares
of common stock to such institutions and registered broker-dealers without
regard to any volume or other restrictions. Unlike under Rule 144, restricted
securities sold under Rule 144A to non-affiliates do not lose their status as
restricted securities.
 
 Common
Stock
  Our
company is authorized to issue 100,000,000 shares of common stock and 5,000,000
shares of preferred stock both with a $0.001 par value and as of March 30, 2009
we had 8,892,500 shares of common stock issued and outstanding and owned by 43
shareholders of record.  Of those 8,892,500 shares of common stock,
540,000 were free trading.  No preferred shares have been
issued.
 
 Voting
Rights
  Holders
of the shares of common stock are entitled to one vote per share on all matters
submitted to a vote of the shareholders. Shares of common stock do not have a
cumulative voting right, which means that the holders of a majority of the
shares voting for the election of the board of directors can elect all members
of the board of directors.
 
 Dividends
  Holders
of record of shares of common stock are entitled to receive dividends when and
if declared by the board of directors out of funds of the company legally
available thereof.
 
 We have
not declared any cash dividends on our common stock since our inception and do
not anticipate paying such dividends in the foreseeable future. We plan to
retain any future earnings for use in our business. Any decisions as to future
payment of dividends will depend on our earnings and financial position and such
other factors, as the Board of Directors deems relevant.
 
 7
  Dividend
Policy
  All
shares of common stock are entitled to participate proportionally in dividends
if our Board of Directors declares them out of funds legally available. These
dividends may be paid in cash, property or additional shares of common stock. We
have not paid any dividends since our inception and presently anticipate that
all earnings, if any, will be retained to develop our business. Any future
dividends will be at the discretion of our Board of Directors and will depend
upon, among other things, our future earnings, operating and financial
condition, capital requirements, and other factors.
 
 Our
Shares are "Penny Stocks" within the Meaning of the Securities Exchange Act of
1934
  Our
Shares are "penny stocks" within the definition of that term as contained in the
Securities Exchange Act of 1934, generally equity securities with a price of
less than $5.00. Our shares will then be subject to rules that impose sales
practice and disclosure requirements on certain broker-dealers who engage in
certain transactions involving a penny stock.
 
 Under the
penny stock regulations, a broker-dealer selling penny stock to anyone other
than an established customer or "accredited investor" must make a special
suitability determination for the purchaser and must receive the purchaser's
written consent to the transaction prior to the sale, unless the broker-dealer
is otherwise exempt. Generally, an individual with a net worth in excess of
$1,000,000 or annual income exceeding $200,000 individually or $300,000 together
with his or her spouse is considered an accredited investor. In addition, unless
the broker-dealer or the transaction is otherwise exempt, the penny stock
regulations require the broker-dealer to deliver, prior to any transaction
involving a penny stock, a disclosure schedule prepared by the Securities and
Exchange Commission relating to the penny stock market. A broker-dealer is also
required to disclose commissions payable to the broker-dealer and the Registered
Representative and current bid and offer quotations for the securities. In
addition a broker-dealer is required to send monthly statements disclosing
recent price information with respect to the penny stock held in a customer's
account, the account’s value and information regarding the limited market in
penny stocks. As a result of these regulations, the ability of broker-dealers to
sell our stock may affect the ability of Selling Security Holders or other
holders to sell their shares in the secondary market. In addition, the penny
stock rules generally require that prior to a transaction in a penny stock, the
broker-dealer make a special written determination that the penny stock is a
suitable investment for the purchaser and receive the purchaser's written
agreement to the transaction.
 
 These
disclosure requirements may have the effect of reducing the level of trading
activity in the secondary market for a stock that becomes subject to the penny
stock rules. These additional sales practice and disclosure requirements could
impede the sale of our securities, if our securities become publicly traded. In
addition, the liquidity for our securities may be adversely affected, with
concomitant adverse affects on the price of our securities. Our shares may
someday be subject to such penny stock rules and our shareholders will, in all
likelihood, find it difficult to sell their securities.
  Liquidation
Rights
  Upon any
liquidation, dissolution or winding up, holders of shares of common stock are
entitled to receive pro rata all of the assets of the company available for
distribution to shareholders, subject to the prior satisfaction of the
liquidation rights of the holders of outstanding shares of Preferred
Stock.
 
 Preemptive
Rights
  Holders
of common stock do not have any preemptive rights to subscribe for or to
purchase any stock, obligations or other securities of the Company.
 
 Registrar
and Transfer Agent
  Guardian
Registrar & Transfer, Inc., 7951 S.W. 6th Street,
Suite 216, Plantation, FL 33324 is our transfer agent and registrar of our
common stock. Its telephone number is (954) 915-0105.
 
 
 Miscellaneous
Rights and Provisions
 
 Holders
of common stock have no preemptive or other subscription rights, conversion
rights, or redemption provisions. In the event of our dissolution, whether
voluntary or involuntary, each share of common stock is entitled to share
proportionally in any assets available for distribution to holders of our equity
after satisfaction of all liabilities and payment of the applicable liquidation
preference of any outstanding shares of preferred stock.
 
 There is
no provision in our charter or by-laws that would delay, defer, or prevent a
change in our control.
 
 Debt
Securities
  We have
not issued any debt securities.
 
 Securities
Authorized for Issuance Under Equity Compensation Plans
  As of the
date of this Report, we have not authorized any equity compensation plan, nor
has our Board of Directors authorized the reservation or issuance of any
securities under any equity compensation plan.
  Recent
Sales of Unregistered Securities; Use of Proceeds from Registered
Securities
  None.
 
 Purchases
of Equity Securities by the Small Business Issuer and Affiliated
Purchasers
  None.
  Holders
  As of
March 30, 2009 there were 43 holders of record of our common stock.
  8
  ITEM 6. SELECTED FINANCIAL
DATA
  If the
registrant qualifies as a smaller reporting company as defined byRule 229.10(f)(1),
it is not required to provide the information required by this
Item.
  ITEM 7.MANAGEMENT’S DISCUSSION AND
ANALYSIS OR PLAN OF OPERATION
 
 Forward
Looking Statements
  Certain
statements in this report, including statements of our expectations, intentions,
plans and beliefs, including those contained in or implied by "Management's
Discussion and Analysis" and the Notes to Consolidated Financial Statements, are
"forward-looking statements", within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are
subject to certain events, risks and uncertainties that may be outside our
control. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”,
“will”, and similar expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. We undertake no obligation to
update or revise any forward-looking statements. These forward-looking
statements include statements of management's plans and objectives for our
future operations and statements of future economic performance, information
regarding our expansion and possible results from expansion, our expected
growth, our capital budget and future capital requirements, the availability of
funds and our ability to meet future capital needs, the realization of our
deferred tax assets, and the assumptions described in this report underlying
such forward-looking statements. Actual results and developments could differ
materially from those expressed in or implied by such statements due to a number
of factors, including, without limitation, those described in the context of
such forward-looking statements, our expansion strategy, our ability to achieve
operating efficiencies, our dependence on distributors, capacity, suppliers,
industry pricing and industry trends, evolving industry standards, domestic and
international regulatory matters, general economic and business conditions, the
strength and financial resources of our competitors, our ability to find and
retain skilled personnel, the political and economic climate in which we conduct
operations and the risk factors described from time to time in our other
documents and reports filed with the Securities and Exchange Commission (the
"Commission"). Additional factors that could cause actual results to differ
materially from the forward-looking statements include, but are not limited to:
1) our ability to successfully develop, manufacture and deliver our magazines on
a timely basis and in the prescribed condition; 2) our ability to compete
effectively with other companies in the same industry; 3) our ability to raise
sufficient capital in order to effectuate our business plan; and 4) our ability
to retain our key executives.
 
 Critical
Accounting Policies
  Revenue
recognition
 
 We
recognize revenue when services are completed, persuasive evidence of an
arrangement exists, the fee is fixed or determinable and collectability is
probable. We assess collectability based upon the clients’ financial condition
and prior payment history, as well as our performance under the
contract.
 
 Property, Plant, and
Equipment
 
 Property
and equipment are stated at cost less accumulated depreciation and accumulated
impairment losses, if any. Depreciation is calculated on the straight-line basis
over the following expected useful lives from the date on which they become
fully operational and after taking into account their estimated residual
values:
  Depreciable
      lifeMachinery
                5
      yearsEquipment
                5
      years
 
 Expenditure
for maintenance and repairs is expensed as incurred.
  RESULTS
OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007
 
 The
following discussion should be read in conjunction with the audited financial
statements included in this report and is qualified in its entirety by the
foregoing.
 
 Revenues
(for the years ended December 31, 2008 and 2007).
 
 Net
revenues were $13,930 and $17,958 for the years ended December 31, 2008 and
2007, respectively. The sales revenues were due primarily to painting murals for
local business. The decrease in revenues was due to declining economic
conditions in which mural painting is a luxury that many businesses can not
afford.
 
 Cost
of Sales (for the years ended December 31, 2008 and 2007).
 
 Cost of
revenue primarily includes cost of supplies for the murals. During the year
ended December 31, 2008, we had cost of revenues of $1,974, or approximately
12.4% of revenues, versus cost of revenues of $0, or approximately 0% of
revenues. The cost of revenue as a percentage of revenue increased due the
purchase of new supplies, more efficient supplies, and more quantity of
supplies.
  Expenses
(for the years ended December 31, 2008 and 2007).
 
 Operating
expenses for the year ended December 31, 2008 were $33,014 compared to operating
expenses of $159,442 for the year ended December 31, 2007. The decrease in
operating expenses was due to the cost of going public in 2007 and the cost of
being a public reporting company in 2008. Also, a decrease in professional fees
from $33,113 to $16,300, in 2007 and 2008 respectively, account for the decrease
in operating expenses.
 
 Income
Taxes (for the years ended December 31, 2008 and 2007).
 
 We had no
provision for income taxes for the year ended December 31, 2008 and 2007,
respectively, due to our net loss.
 
 If we
incur losses, we may have a deferred tax asset. Deferred tax assets are reduced
by a valuation allowance when, in the opinion of management, it is more likely
than not that, some portion or all of the deferred tax asset will not be
realized. Deferred tax assets and liabilities are adjusted for the effect of
changes in tax laws and rates on the date of enactment. We do not currently have
any net deferred tax assets.
  Income/Losses
(for the years ended December 31, 2008 and 2007).
 
 We had a
net (loss) of $(19,084) and $(141,484) for the years ended December 31, 2008 and
2007, respectively. The net (loss) in these periods was due primarily to
operational expenses, which were $33,014 and $159,442 for the years
ended December 31, 2008 and 2007, respectively. It is also a function of
revenues, cost of sales and other expenses as described in the upcoming
paragraphs below.
 
 Impact
of Inflation.
 
 We
believe that inflation has had a negligible effect on operations since
inception. We believe that we can offset inflationary increases in the cost of
operations by increasing sales and improving operating
efficiencies.
 
 Liquidity
and Capital Resources (for the years ended December 31, 2008 and
2007).
 
 Net cash
flows provided by operating activities were $1,691 for the year ended December
31, 2008 and net cash flows used in operating activities were $31,664 for the
year ended December 31, 2007. This is primarily attributable to a net loss,
which were $19,084 and $141,484 for the years ended December 31,
2008 and 2007, offset by depreciation expense of $1,944 and 1,620 for the
year ended December 31, 2008 and 2007 respectively, and increases in accounts
payable in 2008.
  There
were no cash flows from investing activities for the years ended December 31,
2008. There was a net cash used in investing activities for the year ended
December 31, 2007 due to the purchase of equipment for $9,720.
 
 Net cash
flows provided by (used in) financing activities were $(2,551) and $42,328 for
the years ended December 31, 2008 and 2007, attributable to the capital
stock purchase amount in 2007 for $38,500. During the year ended December 31,
2008, we had a shareholder distribution of $2,551 and a shareholder
contribution for the years ended December 31, 2008 and 2007,
respectively.
 
 Overall,
we have funded all of our cash needs from inception through December 31, 2008
with proceeds from issuance of our common stock.
 
 On
December 31, 2008, we had cash of $83 on hand. We are not in default or in
breach of our note or lease or other indebtedness or financing arrangement
requiring us to make payments.
 
 No
significant amount of our trade payables has been unpaid within the stated trade
term. We are not subject to any unsatisfied judgments, liens or settlement
obligations.
 
 Going
concern
 
 As shown
in the accompanying consolidated financial statements, we have suffered
recurring losses from operation to date. We have a retained deficiency of
$160,568 as of December 31, 2008. These factors raise substantial doubt about
our ability to continue as a going concern.
 
 Management's
plans in regard to this matter are to raise equity capital and seek strategic
relationships and alliances in order to increase revenues in an effort to
generate positive cash flow. Additionally, we must continue to rely upon equity
infusions from investors in order to improve liquidity and sustain operations.
The consolidated financial statements do not include any adjustments that might
result from the outcome of this uncertainty.
 
 9
  ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
 
 Not
applicable.
 
 ITEM 8.FINANCIAL
STATEMENTS
 
 Financial
Summary Information
 
 Because
this is only a financial summary, it does not contain all the financial
information that may be important to you. It should be read in conjunction with
the consolidated financial statements and related notes presented in this
section.
 
 Audited
Financial Summary Information for the Years Ended December 31, 2008 and
2007
 
 Statements
      of Operations
                  
                  For
      the year ended December 31, 2008
                  
                  
                  For
      the year ended December 31, 2007Sales
                  
                  $
                  15,904
                  
                  
                  $
                  17,958Cost
      of Sales
                  
                  $
                  (1,974)
                  
                  
                  $
                  (0)Total
      Revenue
                  
                  $
                  13,930
                  
                  
                  $
                  17,958Operating
      expenses
                  
                  $
                  33,014
                  
                  
                  $
                  159,442(Loss)
      from operations
                  
                  $
                  (19,084
                  )
                  
                  $
                  (141,484)Net
      (loss)
                  
                  $
                  (19,084
                  )
                  
                  $
                  (141,484)Net
      loss per common share
                  
                  
                  **
                  
                  
                  
                  **
 
 ** Less
than $.01
 
 Balance
      Sheet
                
                As
      of December 31, 2008Cash
                
                $
                83Total
      current assets
                
                $
                83Other
      assets
                
                $
                6,156Total
      Assets
                
                $
                6,239Current
      liabilities
                
                $
                18,830Stockholders’
      equity
                
                $
                (12,591)Total
      liabilities and stockholders’ equity
                
                $
                6,239
 
 10
  CONTENTS
 
 INDEPENDENT
AUDITOR’S REPORT....................................................13
 
 BALANCE
SHEET...............................................................................14
 
 STATEMENT
OF OPERATIONS............................................................15
 
 STATEMENT
OF STOCKHOLDERS’ DEFICIT..........................................16
 
 STATEMENT
OF CASH FLOWS............................................................17
 
 NOTES TO
FINANCIAL STATEMENTS...................................................18
 
 11
  REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 To the
Board of Directors:
 Murals by
Maurice, Inc.
 
 I have
audited the consolidated balance sheet of Murals by Maurice, Inc. as of December
31, 2008, and the related consolidated statements of operations, stockholders’
deficit, and cash flows for the two years ended December 31, 2008. These
consolidated financial statements are the responsibility of the Company’s
management. My responsibility is to express an opinion on these consolidated
financial statements based on our audits.
 
 I
conducted my audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that I plan
and perform the audits to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatement. The company
is not required to have, nor was I engaged to perform, an audit of its internal
control over financial reporting. My audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company’s internal control over financial
reporting. Accordingly, I express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the consolidated financial statements, assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall
consolidated financial statement presentation. I believe that my audits provide
a reasonable basis for my opinion.
 
 In my
opinion, the consolidated financial statements referred to above present fairly,
in all material respects, the consolidated financial position of Murals by
Maurice, Inc. as of December 31, 2008, and the results of its consolidated
operations and its cash flows for the two years ended December 31, 2008 in
conformity with U.S. generally accepted accounting principles.
 
 The
accompanying consolidated financial statements have been prepared assuming the
Company will continue as a going concern. The Company has suffered recurring
losses, has negative working capital, and has yet to generate an internal cash
flow that raises substantial doubt about its ability to continue as a going
concern. Management’s plans in regard to these matters are described in Note E.
The consolidated financial statements do not include any adjustments that might
result from the outcome of this uncertainty.
 
 
 /s/ Traci J.
Anderson
 Traci J.
Anderson, CPA
 
 Huntersville,
North Carolina
 
 April 6,
2009
  12
  Murals
      by Maurice, Inc.Balance
      SheetAs of December 31,2008
                                        
                                        
                                        2007ASSETSCURRENT ASSETS:Cash
                                        
                                        $
                                        83
                                        
                                        
                                        $
                                        944TOTAL
      CURRENT ASSETS
                                        
                                        
                                        83
                                        
                                        
                                        
                                        944FIXED ASSETS:Equipment
                                        
                                        
                                        9,720
                                        
                                        
                                        
                                        9,720Accumulated
      Depreciation
                                        
                                        
                                        (3,564
                                        )
                                        
                                        
                                        (1,620
                                        )TOTAL
      FIXED ASSETS
                                        
                                        
                                        6,156
                                        
                                        
                                        
                                        8,100TOTAL
      ASSETS
                                        
                                        $
                                        6,239
                                        
                                        
                                        $
                                        9,044LIABILITIES AND STOCKHOLDERS'
      DEFICITCURRENT LIABILTIESAccounts
      Payable and Other Payables
                                        
                                        $
                                        18,830
                                        
                                        
                                        $
                                        -TOTAL
      CURRENT LIABILITIES
                                        
                                        
                                        18,830
                                        
                                        
                                        
                                        -STOCKHOLDERS' DEFICITPreferred
      stock ($0.001 par value; 5,000,000 shares authorized:none
      issued and outstanding at December 31, 2008)
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -Common
      stock ($0.001 par value; 100,000,000 shares authorized;8,892,500
      shares issued and outstanding at December 31, 2008)
                                        
                                        
                                        8,893
                                        
                                        
                                        
                                        8,893Paid
      in Capital
                                        
                                        
                                        139,084
                                        
                                        
                                        
                                        141,635Accumulated
      Deficit
                                        
                                        
                                        (160,568
                                        )
                                        
                                        
                                        (141,484
                                        )TOTAL
      STOCKHOLDERS' DEFICIT
                                        
                                        
                                        (12,591
                                        )
                                        
                                        
                                        9,044TOTAL
      LIABILITIES AND STOCKHOLDERS' DEFICIT
                                        
                                        $
                                        6,239
                                        
                                        
                                        $
                                        9,044
  The
accompanying notes are an integral part of these financial
statements.
  13
 
 Murals
      By Maurice, Inc.Statement
      of OperationsFor
      the Years EndedDecember
      31,2008
                            
                            
                            2007REVENUES:Sales
                            
                            $
                            15,904
                            
                            
                            $
                            17,958Cost
      of Goods Sold
                            
                            
                            1,974
                            
                            
                            
                            -Total
      Revenue
                            
                            
                            13,930
                            
                            
                            
                            17,958EXPENSES:Professional
      Fees
                            
                            
                            16,300
                            
                            
                            
                            33,113Stock
      Issued for Services
                            
                            
                            -
                            
                            
                            
                            108,200Selling,
      General, and Administrative
                            
                            
                            16,714
                            
                            
                            
                            18,129Total
      Expenses
                            
                            
                            33,014
                            
                            
                            
                            159,442Loss
      from operations
                            
                            $
                            (19,084
                            )
                            
                            $
                            (141,484
                            )Provision
      for income taxes
                            
                            
                            -
                            
                            
                            
                            -NET
      LOSS
                            
                            $
                            (19,084
                            )
                            
                            $
                            (141,484
                            )Basic
      and fully diluted net loss per common share:
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.02
                            )Weighted
      average common shares outstanding
                            
                            
                            8,892,500
                            
                            
                            
                            6,826,667
  The
accompanying notes are an integral part of these financial
statements.
  14
 
 
 Murals by Maurice, Inc.Statement
      of Stockholders' DeficitFor
      the year ended December 31, 2008AdditionalCommon
      Stock
                      
                      
                      Preferred
      stock
                      
                      
                      Paid-in
                      
                      
                      DeficitShares
                      
                      
                      Amount
                      
                      
                      Shares
                      
                      
                      Amount
                      
                      
                      Capital
                      
                      
                      AccumulatedBalances,
      January 1, 2007
                      
                      
                      -
                      
                      
                      $
                      -
                      
                      
                      
                      -
                      
                      
                      $
                      -
                      
                      
                      $
                      -
                      
                      
                      $
                      -Net
      loss for the period
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      (141,484
                      )Capital
      Contribution/(Distribution)
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      3,828
                      
                      
                      
                      -Issuance
      of common shares
                      
                      
                      8,892,500
                      
                      
                      
                      8,893
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      137,807
                      
                      
                      
                      -Balances,
      December 31, 2007
                      
                      
                      8,892,500
                      
                      
                      $
                      8,893
                      
                      
                      
                      -
                      
                      
                      $
                      -
                      
                      
                      $
                      141,635
                      
                      
                      $
                      (141,484
                      )Net
      loss for the period
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      (19,084
                      )Capital
      Contribution/(Distribution)
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      -
                      
                      
                      
                      (2,551
                      )Balances,
      December 31, 2008
                      
                      
                      8,892,500
                      
                      
                      $
                      8,893
                      
                      
                      
                      -
                      
                      
                      $
                      -
                      
                      
                      $
                      139,084
                      
                      
                      $
                      (160,568
                      )
  The
accompanying notes are an integral part of these financial
statements.
  15
  Murals
      by Maurice, Inc.Statement
      of Cash FlowsFor
      the Years EndedDecember
      31,2008
                                  
                                  
                                  2007CASH FLOWS FROM OPERATING
      ACTIVITIES:Net
      loss
                                  
                                  $
                                  (19,084
                                  )
                                  
                                  $
                                  (141,484
                                  )Adjustments
      to reconcile net loss to net cash provided by (used in)operating
      activities:Value
      of Shares Issued for consulting services
                                  
                                  
                                  -
                                  
                                  
                                  
                                  108,200Depreciation
                                  
                                  
                                  1,944
                                  
                                  
                                  
                                  1,620Changes
      in Operating Assets and Liabilities:Increase/(Decrease)
      in Accounts Payable and Other Payables
                                  
                                  
                                  18,830
                                  
                                  
                                  
                                  -NET
      CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
                                  
                                  
                                  1,691
                                  
                                  
                                  
                                  (31,664
                                  )CASH FLOWS FROM INVESTING
      ACTIVITIES:Purchase
      of Equipment
                                  
                                  
                                  -
                                  
                                  
                                  
                                  (9,720
                                  )NET
      CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
                                  
                                  
                                  -
                                  
                                  
                                  
                                  (9,720
                                  )CASH FLOWS FROM FINANCING
      ACTIVITIES:Capital
      Stock purchase
                                  
                                  
                                  -
                                  
                                  
                                  
                                  38,500Shareholder
      Contribution/(Distribution)
                                  
                                  
                                  (2,551
                                  )
                                  
                                  
                                  3,828NET
      CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
                                  
                                  
                                  (2,551
                                  )
                                  
                                  
                                  42,328NET
      INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
                                  
                                  
                                  (860
                                  )
                                  
                                  
                                  944CASH
      AND CASH EQUIVALENTS,BEGINNING
      BALANCE
                                  
                                  
                                  944
                                  
                                  
                                  
                                  -ENDING
      BALANCE
                                  
                                  $
                                  83
                                  
                                  
                                  $
                                  944SUPPLEMENTAL
      DISCLOSURES OF CASH FLOW INFORMATION:CASH
      PAID DURING THE YEAR FOR:Interest
                                  
                                  $
                                  -
                                  
                                  
                                  $
                                  -Taxes
                                  
                                  $
                                  -
                                  
                                  
                                  $
                                  -NON
      CASH PAID DURING THE YEAR FOR:Stock
      Issued for Consulting Services
                                  
                                  $
                                  -
                                  
                                  
                                  $
                                  108,200
  The
accompanying notes are an integral part of these financial
statements.
 Murals by
Maurice, Inc.
 Notes to
Financial Statements
  16
  NOTE A—SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES
 
 Business
Activity—Murals by Maurice, Inc. (“The Company”) was organized under the
laws of the State of Florida on January 11, 2007 as a
corporation.  The Company’s business is to create artwork in the form
of murals, canvas painting, trompe l’oeil, faux and various other media in
churches, businesses, temples, schools, and private homes.  The
Company’s objective is to transform the owner’s passion and creative talent into
a completed project that will meet or beat the client’s greatest
expectation.
 
 Basis of
Presentation—The financial statements included herein were prepared under
the accrual basis of accounting.
 
 Cash and Cash
Equivalents—For purposes of the Statement of Cash Flows, the Company
considers liquid investments with an original maturity of three months or less
to be cash equivalents.
 
 Management’s Use of
Estimates—The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosures of contingent assets and
liabilities at the date of financial statements and the reported amounts of
revenues and expenses during the reporting period.  Actual results
could differ from those estimates.  The financial statements above
reflect all of the costs of doing business.
 
 Revenue
Recognition—The Company’s policy is to recognize income when it is
earned.
 
 Comprehensive Income
(Loss)—The Company adopted Financial Accounting Standards Board Statement
of Financial Accounting Standards (SFAS) No. 130, “Reporting Comprehensive
Income”, which establishes standards for the reporting and display of
comprehensive income and its components in the  financial
statements.  There were no items of comprehensive income (loss)
applicable to the Company during the period covered in the financial
statements.
 
 Net Income per Common
Share—Statement of Financial Accounting Standard (SFAS) No. 128 requires
dual presentation of basic and diluted earnings per share (EPS) with a
reconciliation of the numerator and denominator of the EPS
computations.  Basic earnings per share amounts are based on the
weighted average shares of common stock outstanding.  If applicable,
diluted earnings per share would assume the conversion, exercise or issuance of
all potential common stock instruments such as options, warrants and convertible
securities, unless the effect is to reduce a loss or increase earnings per
share.  Accordingly, this presentation has been adopted for the period
presented.  There were no adjustments required to net income for the
period presented in the computation of diluted earnings per share.
 
 Deferred Taxes—Income
taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS No. 109), “Accounting for Income
Taxes.” A deferred tax asset or liability is recorded for all temporary
differences between financial and tax reporting and net operating loss-carry
forwards.
 
 Deferred
tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that, some portion or all of the deferred
tax asset will not be realized. Deferred tax assets and liabilities are adjusted
for the effect of changes in tax laws and rates on the date of
enactment.
 
 Fair Value of Financial
Instruments—The carrying amounts reported in the balance sheet for cash,
accounts receivable and payable approximate fair value based on the short-term
maturity of these instruments.
  17
  Murals by
Maurice, Inc.
 Notes to
Financial Statements
 
 NOTE A—SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES (CONT.)
 
 Accounts
Receivable—Accounts deemed uncollectible are written off in the year they
become uncollectible.  As of December 31, 2008 the balance in Accounts
Receivable was $0.
 
 Impairment of Long-Lived
Assets—The Company evaluates the recoverability of its fixed assets and
other assets in accordance with Statement of Financial Accounting Standards No.
144, “Accounting for the
Impairment or Disposal of Long-Lived Assets” (“SFAS 144’). SFAS 144
requires recognition of impairment of long-lived assets in the event the net
book value of such assets exceeds its expected cash flows, it is considered to
be impaired and is written down to fair value, which is determined based on
either discounted future cash flows or appraised values. The Company adopted the
statement on inception. No impairments of these types of assets were recognized
during the year ended December 31, 2008.
 
 Property and
Equipment—Property and equipment is stated at
cost.  Depreciation is provided by the straight-line method over the
estimated economic life of the property and equipment remaining from five to
seven years.  New equipment assets in the amount of $9,720 were
contributed in March of 2007 by the President and CEO of the
Company.  These assets will be depreciated of their estimated useful
life which the Company has determined to be 5 years.  The estimated
annual depreciation expense is $1,944 per year.  Total depreciation
expense for the year ended December 31, 2008 was $1,944.
 
 Stock-Based
Compensation—The Company accounts for stock-based compensation using the
fair value method of Financial Accounting Standard No. 123R.  This
Statement requires a public entity to measure the cost of employee services
received in exchange for an award of equity instruments based on the grant-date
fair value of the award (with limited exceptions).  That cost will be
recognized over the period during which an employee is required to provide
service in exchange for the award—the requisite service period (usually the
vesting period).  No compensation cost is recognized for equity
instruments for which employees do not render the requisite
service.
 
 Recent Accounting
Pronouncements—In September 2006, the FASB issued SFAS No. 157,
Fair Value Measurements(“SFAS 157”). SFAS 157 defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles, and expands
disclosures about fair value measurements. SFAS 157 is effective for
financial statements issued for fiscal years beginning after
November 15, 2007. However, in February 2008 the FASB Staff Position
No. 157-2 was issued, which delays the effective date of the requirements
of SFAS 157 as to nonfinancial assets and nonfinancial liabilities except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis. The effective date has been deferred to fiscal years
beginning after November 15, 2008 for these nonfinancial assets and
liabilities. The Company’s adoption of SFAS 157 on January 1, 2008 did not
have a material impact on its consolidated financial position, results of
operations or cash flows during the year ended December 31, 2008. The
Company does not expect the deferred portion of the adoption of SFAS 157 to have
a material impact on its consolidated financial statements.
 
 In
December 2007, the FASB issued SFAS No. 141 (revised 2007), “Business
Combinations” (“SFAS 141R”).  SFAS 141R establishes principles and
requirements for how the acquirer in a business combination recognizes and
measures in its financial statements the fair value of identifiable assets
acquired, the liabilities assumed and any noncontrolling interest in the
acquiree at the acquisition date.  SFAS 141R determines what information to
disclose to enable users of the financial statements to evaluate the nature and
financial effects of the business combination.  SFAS 141R is effective for
fiscal years beginning after December 15, 2008. The Company is currently
evaluating the impact of adopting SFAS 141R on its consolidated results of
operations and financial condition and plans to adopt it as required in the
first quarter of fiscal 2009.
  Recent Accounting
Pronouncements (cont.)
 
 In
December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests
in Consolidated Financial Statements” (“SFAS 160”), an amendment of Accounting
Research Bulletin No. 51, “Consolidated Financial Statements” (“ARB
51”).  SFAS 160 establishes accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. Minority interests will be recharacterized as noncontrolling
interests and will be reported as a component of equity separate from the
parent’s equity, and purchases or sales of equity interests that do not result
in a change in control will be accounted for as equity transactions. In
addition, net income attributable to the noncontrolling interest will be
included in consolidated net income on the face of the income statement and upon
a loss of control, the interest sold, as well as any interest retained, will be
recorded at fair value with any gain or loss recognized in earnings. This
pronouncement is effective for fiscal years beginning after December 15,
2008. The Company is currently evaluating the impact of adopting SFAS 160 on its
consolidated results of operations and financial condition and plans to adopt it
as required in the first quarter of fiscal 2009.
  In
March 2008, the FASB issued SFAS No. 161, “Disclosures about
Derivative Instruments and Hedging Activities — an amendment to FASB Statement
No. 133.” SFAS No. 161 is intended to improve financial standards for
derivative instruments and hedging activities by requiring enhanced disclosures
to enable investors to better understand their effects on an entity’s financial
position, financial performance, and cash flows. Entities are required to
provide enhanced disclosures about: (a) how and why an entity uses
derivative instruments; (b) how derivative instruments and related hedged
items are accounted for under Statement 133 and its related interpretations; and
(c) how derivative instruments and related hedged items affect an entity’s
financial position, financial performance, and cash flows. It is effective for
financial statements issued for fiscal years beginning after November 15,
2008, with early adoption encouraged. The adoption of this statement, which is
expected to occur in the first quarter of 2009, is not expected to have a
material effect on the Company’s consolidated financial statements.
  In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles.” SFAS No. 162 identifies the sources of accounting
principles and the framework for selecting the principles to be used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles in the
United States. It is effective 60 days following the SEC’s approval of the
Public Company Accounting Oversight Board amendments to AU Section 411, “The
Meaning of Present Fairly in Conformity With Generally Accepted Accounting
Principles.” The adoption of this statement is not expected to have a material
effect on the Company’s consolidated financial statements.
 
 In
May 2008, the FASB issued SFAS No. 163, “Accounting for Financial
Guarantee Insurance Contracts — An interpretation of FASB Statement
No. 60.” SFAS No. 163 requires that an insurance enterprise recognize
a claim liability prior to an event of default when there is evidence that
credit deterioration has occurred in an insured financial obligation. It also
clarifies how Statement No. 60 applies to financial guarantee insurance
contracts, including the recognition and measurement to be used to account for
premium revenue and claim liabilities, and requires expanded disclosures about
financial guarantee insurance contracts. It is effective for financial
statements issued for fiscal years beginning after December 15, 2008,
except for some disclosures about the insurance enterprise’s risk-management
activities. SFAS No. 163 requires that disclosures about the
risk-management activities of the insurance enterprise be effective for the
first period beginning after issuance. Except for those disclosures, earlier
application is not permitted. The adoption of this statement is not expected to
have a material effect on the Company’s consolidated financial
statements
 
 18
  Murals by
Maurice, Inc.
 Notes to
Financial Statements
 
 NOTE B—SUPPLEMENTAL CASH
FLOW INFORMATION
 
 Supplemental
disclosures of cash flow information for the years ended December 31, 2008 and
2007 are summarized as follows:
 
 Cash paid
during the years ended December 31, 2008 and 2007 for interest and income
taxes:
 
 2008         2007
 
 Income
Taxes                                         $
---           $
---
 Interest                                                    $
---           $
---
 
 NOTE C—SEGMENT
REPORTING
 
 In June
1997, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 131, “Disclosures about Segments of an
Enterprise and Related Information.”  This statement requires
companies to report information about operating segments in interim and annual
financial statements.  It also requires segment disclosures about
products and services, geographic areas and major customers.  The
Company determined that it did not have any separately reportable operating
segments as of December 31, 2008.
 
 NOTE D—INCOME
TAXES
 
 Due to
the operating loss and the inability to recognize an income tax benefit, there
is no provision for current or deferred federal or state income taxes for year
ended December 31, 2008.
 
 Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amounts of assets and liabilities for financial reporting purposes and
the amount used for federal and state income tax purposes.
 
 The
Company’s total deferred tax asset, calculated using federal and state effective
tax rates, as of December 31, 2008 is as follows:
  Total
      Deferred Tax Asset
                  
                  $
                  (63,400
                  )Valuation
      Allowance
                  
                  
                  63,400Net
      Deferred Tax Asset
                  
                  $
                  -
  The
reconciliation of income taxes computed at the federal statutory income tax rate
to total income taxes for year ended December 31, 2008 and 2007 is as
follows:
  2008
                  
                  
                  2007Income
      tax computed at the federal statutory rate
                  
                  
                  34.0
                  %
                  
                  
                  34.0
                  %State
      income tax, net of federal tax benefit
                  
                  
                  5.5
                  %
                  
                  
                  5.5
                  %Total
                  
                  
                  39.5
                  %
                  
                  
                  39.5
                  %Valuation
      allowance
                  
                  
                  -39.5
                  %
                  
                  
                  -39.5
                  %Total
      deferred tax asset
                  
                  
                  0.0
                  %
                  
                  
                  0.0
                  %
  Because
of the Company’s lack of earnings history, the deferred tax asset has been fully
offset by a valuation allowance.  The valuation allowance increased
(decreased) by approximately $55,800 and $7,600 for the years ended December 31,
2008 and 2007.
  As of
December 31, 2008, the Company had a federal and state net operating loss carry
forward in the amount of approximately $160,567, which expires in the year
2028.
 
 NOTE E—GOING
CONCERN
 
 As shown
in the accompanying audited financial statements, the Company has suffered a
loss from operations to date. It has experienced a loss of $19,084 and $141,484
for the years ended December 31, 2008 and 2007, it has a negative working of
capital of $18,747. These factors raise substantial doubt about the Company’s
ability to continue as a going concern.
 
 Management’s
plans in regard to this matter are to raise equity capital and seek strategic
relationships and alliances in order to increase sales in an effort to generate
positive cash flow.  Additionally, the Company must continue to rely
upon equity infusions from investors in order to improve liquidity and sustain
operations.  The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.
 
 NOTE
F—COMMITMENTS
 
 As of
December 31, 2008, the Company had no commitments.
 
 NOTE G—CAPITAL
STOCK
 
 The
Company is authorized to issue 100,000,000 common shares at $.001 par value per
share.
 
 For the
year ended December 31, 2007, the Company issued the following
shares:
 
 Name
                  
                  Number of shares
                  
                  Cash or Services
                  Price per share
                  
                  Total valueMaurice
      Katz
                  
                  
                  8,000,000
                  
                  service
                  Ceo/President
                  
                  $
                  8,000Robin
      Beugeltas
                  
                  
                  150,000
                  
                  service
                  Founder
                  
                  
                  150Michelle
      Starkey
                  
                  
                  2,500
                  
                  cash
                  $.20
      per share
                  
                  
                  500Mark
      Newburg
                  
                  
                  2,500
                  
                  cash
                  $.20
      per share
                  
                  
                  500Isamu
      Chung & Stephanie Chung
                  
                  
                  25,000
                  
                  cash
                  $.20
      per share
                  
                  
                  5,000Rubin
      Useche
                  
                  
                  5,000
                  
                  cash
                  $.20
      per share
                  
                  
                  1,000Phillip
      P. Gager
                  
                  
                  2,500
                  
                  cash
                  $.20
      per share
                  
                  
                  500Guardian
      Registrar & Transfer, Inc.
                  
                  
                  50,000
                  
                  service
                  $.20
      per share
                  
                  
                  10,000Lars
      K. Larson
                  
                  
                  2,500
                  
                  cash
                  $.20
      per share
                  
                  
                  500Janet
      Giles
                  
                  
                  2,500
                  
                  cash
                  $.20
      per share
                  
                  
                  500Weiheng
      Cai
                  
                  
                  50,000
                  
                  service
                  Director
                  
                  
                  50Greentree
      Financial Group, Inc.
                  
                  
                  500,000
                  
                  service
                  $.20
      per share
                  
                  
                  100,000Offshore
      investors
                  
                  
                  100,000
                  
                  cash
                  $.20
      per share
                  
                  
                  20,000$
                  146,700
 
 For the
year ended December 31, 2008, the Company did not issue any common
shares.
 
 The
Company is authorized to issue 5,000,000 preferred shares at $.001 par value per
share.  For the years ended December 31, 2008 and 2007, the Company
did not issued any preferred shares.
  19
  ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
 
 None.
 
 ITEM 9A. CONTROLS AND
PROCEDURES
 
 We
maintain disclosure controls and procedures designed to ensure that information
required to be disclosed in reports filed under the Securities Exchange Act of
1934 (“Exchange Act”) is recorded, processed, summarized and reported within the
specified time periods. Our Chief Executive Officer and its Chief Financial
Officer (collectively, the “Certifying Officers”) are responsible for
maintaining our disclosure controls and procedures. The controls and procedures
established by us are designed to provide reasonable assurance that information
required to be disclosed by the issuer in the reports that it files or submits
under the Exchange Act is recorded, processed, summarized and reported within
the time periods specified in the Commission’s rules and forms.
  As of the
end of the period covered by this report, the Certifying Officers evaluated the
effectiveness of our disclosure controls and procedures. Based on the
evaluation, the Certifying Officers concluded that our disclosure controls and
procedures were effective to provide reasonable assurance that information
required to be disclosed by us in the reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported, within the time
periods specified in the applicable rules and forms, and that it is accumulated
and communicated to our management, including the Certifying Officers, as
appropriate to allow timely decisions regarding required
disclosure.
  The
Certifying Officers have also concluded, based on their evaluation of our
controls and procedures that as of December 31, 2008, our internal controls over
financial reporting are effective and provide a reasonable assurance of
achieving their objective.
  The
Certifying Officers have also concluded that there was no change in our internal
controls over financial reporting identified in connection with the evaluation
that occurred during our fourth fiscal quarter that has materially affected, or
is reasonably likely to materially affect, our internal control over financial
reporting.
 
 ITEM
9A(T).CONTROLS
AND PROCEDURES
  (a) Conclusions
regarding disclosure controls and procedures. Disclosure controls and
procedures are the Company’s controls and other procedures that are designed to
ensure that information required to be disclosed by the Company in the reports
that the Company files or submits under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commission’s rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by the Company in the reports that it files
under the Exchange Act is accumulated and communicated to the Company’s
management, including its Chief Executive Officer and Chief Financial Officer,
as appropriate to allow timely decisions regarding required disclosure.
Management is responsible for establishing and maintaining adequate internal
control over financial reporting.
  Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-14(c) promulgated under the Exchange Act as of December 31, 2008,
and, based on their evaluation, as of the end of such period, the our disclosure
controls and procedures were effective as of the end of the period covered by
the Annual Report,
  (b) Management’s
Report On Internal Control Over Financial Reporting. It is management’s
responsibilities to establish and maintain adequate internal controls over the
Company’s financial reporting. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a
process designed by, or under the supervision of, the issuer’s principal
executive and principal financial officers and effected by the issuer’s
management and other personnel, 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 and includes those policies and procedures that:
 
 •           Pertain
to the maintenance of records that in reasonable detail accurately and fairly
reflect the transactions and dispositions of the assets of the issuer;
and
 
 •           Provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles and that receipts and expenditures of the issuer are being
made only in accordance with authorizations of management of the issuer;
and
 
 •           Provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of the issuer’s assets that could have a
material effect on the financial statements.
 
 As of the
end of the period covered by the Annual Report, an evaluation was carried out
under the supervision and with the participation of our management, including
our Chief Executive Officer and Chief Financial Officer, of the effectiveness of
our internal control over financial reporting.
  Management
assessed the effectiveness of our internal control over financial reporting as
of December 31, 2008. In making this assessment, management used the criteria
set forth by the Committee of Sponsoring Organizations of the Treadway
Commission in Internal Control-Integrated Framework.
  Based on
that evaluation, our Chief Executive Officer and Chief Financial Officer have
concluded that, as of the end of such period, internal controls over financial
reporting were effective as of the end of the period covered by the
Report.
  Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate. All internal control systems, no matter
how well designed, have inherent limitations. Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to
financial statement preparation and presentation. Because of the inherent
limitations of internal control, there is a risk that material misstatements may
not be prevented or detected on a timely basis by internal control over
financial reporting. However, these inherent limitations are known features of
the financial reporting process. Therefore, it is possible to design into the
process safeguards to reduce, though not eliminate, this risk.
  This
Annual Report does not include an attestation report of our 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 Securities and Exchange
Commission that permit us to provide only management’s report in this Annual
Report.
  (c) Changes in
internal control over financial reporting. There were no changes in our
internal control over financial reporting identified in connection with the
evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that
occurred during our last fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.
 
 ITEM 9B. OTHER
INFORMATION
 
 None.
 
 20
  PART
III
 
 ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH
SECTION 16(A) OF THE EXCHANGE ACT
  Directors
and Executive Officers
  Our
directors are elected at the annual meeting of shareholders and hold office for
one year and until their successors are elected and qualified. Our officers are
appointed by the Board of Directors and serve at the pleasure of the Board. We
have not entered into any employment agreements with our executive
officers.
 
 Name
                                          
                                          Age
                                          
                                          PositionKatz,
      Maurice
                                          
                                          
                                          28
                                          
                                          President,
      Chief Executive Officer and ChairmanCai,
      Weiheng
                                          
                                          
                                          35
                                          
                                          Independent
      Director
 
 Maurice
Katz, age 27,apprenticed
under local artist, Michelle Morse.  He has been painting murals full
time since the late 1990s and has over six years of experience in the mural
painting industry.  He is the talented and creative artist who founded
the Company, and he currently serves as President, CEO, and as a
director.
 
 Weiheng Cai,age 35, has worked as a technical consultant for the past 5 years both
independently and for Conceptual Management, Inc., his wholly-owned company. Mr.
Cai primarily performs his services from the Peoples Republic of China where he
resides. Mr. Cai performs website development services for emerging companies.
Mr. Cai also helped us facilitate our common stock offering to our offshore
investors. He has a BS in Business Administration from the University of North
Carolina.
 
 Promoters
and Control Persons
  These
directors may be considered control persons of us within the meaning of the
rules promulgated under the Securities Act of 1933, as amended, by virtue of his
and her share ownership, his and her ability to influence our activities, and
his positions as our officers and directors.
 
 Family
Relationships
  None.
  Legal
Proceedings
 
 No
officer, director, or persons nominated for such positions and no promoter or
significant employee of ours has been involved in legal proceedings that would
be material to an evaluation of our management.
 
 Audit
Committee
 
 We do not
have a separately designated standing audit committee. Pursuant to Section
3(a)(58)(B) of the Exchange Act, the entire Board of Directors acts as an audit
committee for the purpose of overseeing the accounting and financial reporting
processes, and audits of our financial statements. The Commission recently
adopted new regulations relating to audit committee composition and functions,
including disclosure requirements relating to the presence of an "audit
committee financial expert" serving on its audit committee. In connection with
these new requirements, our Board of Directors examined the Commission's
definition of "audit committee financial expert" and concluded that we do not
currently have a person that qualifies as such an expert. We have had minimal
operations for the past two (2) years. Presently, there are only four (4)
directors serving on our Board, and us are not in a position at this time to
attract, retain and compensate additional directors in order to acquire a
director who qualifies as an "audit committee financial expert", but we intend
to retain an additional director who will qualify as such an expert, as soon as
reasonably practicable. While neither of our current directors meets the
qualifications of an "audit committee financial expert", each of our directors,
by virtue of his past employment experience, has considerable knowledge of
financial statements, finance, and accounting, and has significant employment
experience involving financial oversight responsibilities. Accordingly, we
believe that our current directors capably fulfill the duties and
responsibilities of an audit committee in the absence of such an
expert.
 
 Code
of Ethics
 
 We have
adopted a code of ethic (the "Code of Ethics") that applies to our principal
chief executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions. A draft of the
Code of Ethics is in Exhibit 14.1 hereto. The Code of Ethics is being designed
with the intent to deter wrongdoing, and to promote the following:
 
 •                      Honest
and ethical conduct, including the ethical handling of actual or apparent conflicts
of interest between personal and professional relationships
 •                      Full,
fair, accurate, timely and understandable disclosure in reports and documents
that a small business issuer files with, or submits to, the Commission and in
other public communications made by the small business issuer
 •                      Compliance
with applicable governmental laws, rules and regulations
 •                      The
prompt internal reporting of violations of the code to an appropriate person or persons
identified in the code
 •                      Accountability
for adherence to the code
 
 Section
16(a) Beneficial Ownership Reporting Compliance
  Under
Section 16(a) of the Exchange Act, all executive officers, directors, and each
person who is the beneficial owner of more than 10% of the common stock of a
company that files reports pursuant to Section 12 of the Exchange Act, are
required to report the ownership of such common stock, options, and stock
appreciation rights (other than certain cash-only rights) and any changes in
that ownership with the Commission. Specific due dates for these reports have
been established, and we are required to report, in this Form 10-K, any failure
to comply therewith. We believe that all of these filing requirements were
satisfied by our executive officers, directors and by the beneficial owners of
more than 10% of our common stock. In making this statement, hawse have relied
solely on copies of any reporting forms received by it, and upon any written
representations received from reporting persons that no Form 5 (Annual Statement
of Changes in Beneficial Ownership) was required to be filed under applicable
rules of the Commission.
 
 ITEM 11. EXECUTIVE
COMPENSATION
 
 The
following table sets forth certain information regarding the annual and
long-term compensation for services in all capacities to us for the prior fiscal
years ended December 31, 2008, 2007, and 2006, of those persons who were
either the chief executive officer during the last completed fiscal year or any
other compensated executive officers as of the end of the last completed fiscal
year, and whose compensation exceeded $100,000 for those fiscal
periods.
 
 21
  SUMMARY
COMPENSATION TABLE
 
 Name
                    and
                    Principal
                    Position
                  
                  Year
                  
                  
                  Salary
                    ($)
                  
                  
                  Bonus
                    ($)
                  
                  
                  Stock
                    Awards
                    ($)
                  
                  
                  Option
                    Awards
                    ($)
                  
                  
                  Non-
                    Equity
                    Incentive
                    Plan
                    Compen-
                    sation
                    ($)
                  
                  
                  Nonquali-
                    fied
                    Deferred
                    Compensa-
                    tion
                    Earnings
                    ($)
                  
                  
                  All
                    Other
                    Compensa-
                    tion
                    ($)
                  
                  
                  Total
                    ($)Maurice
      Katz
                    President
      and Director
                  
                  
                  2008
      2007
      2006
                  
                  
                  $
                  16,300
      $33,113
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  $
                  16,300
      $33,113
      -Weiheng
      Cai
                    Director
                  
                  
                  2008
      2007
      2006
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  $
                  -
      50
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  
                  -
      -
      -
                  
                  
                  $
                  -
      50
      -
 
 SUMMARY COMPENSATION
TABLE
  
 ITEM 12. SECURITY OWNERSHIP
OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCK HOLDER
MATTERS.
 
 The
following tables set forth the ownership, as of March 30, 2009 of our common
stock (a) by each person known by us to be the beneficial owner of more than 5%
of our outstanding common stock, and (b) by each of our directors, by all
executive officers and our directors as a group. To the best of our knowledge,
all persons named have sole voting and investment power with respect to such
shares, except as otherwise noted.
 
 Security
Ownership of Certain Beneficial Owners (1)
(2)
 
 Name
      and Address of Beneficial Owner
                          Amount
      and Nature of Ownership
                          
                          Percentage
      of ClassMaurice
      Katz
                            295
      Northwest 89th
      Avenue
                            Coral
      Springs, FL 33071
                          8,000,000
                            Direct
                          
                          
                          89.96
                          %
 
 Security
Ownership of Directors and Officers (1)
(2)
 
 Name
      and Address of Beneficial Owner
                  
                  Amount
      and Nature of Ownership
                  
                  
                  Percentage
      of ClassMaurice
      Katz
                    295
      Northwest 89th
      Avenue
                    Coral
      Springs, FL 33071
                  
                  8,000,000
                    Direct
                  
                  
                  
                  89.96
                  %Weiheng
      Cai
                    2727
      Center Court Drive
                    Weston,
      FL 33017
                  
                  
                  50,000
                  
                  
                  
                  .562
                  %
 
 Notes to
the table:
 
 (1)
              Pursuant
      to Rule 13-d-3 under the Securities Exchange Act of 1934, as amended,
      beneficial ownership of a security consists of sole or shared voting power
      (including the power to vote or direct the voting) and/or sole or shared
      investment power (including the power to dispose or direct the
      disposition) with respect to a security whether through a contract,
      arrangement, understanding, relationship or otherwise. Unless otherwise
      indicated, each person indicated above has sole power to vote, or dispose
      or direct the disposition of all shares beneficially
  owned.
 
 (2)
              This
      table is based upon information obtained from our stock records. We
      believe that each shareholder named in the above table has sole or shared
      voting and investment power with respect to the shares indicated as
      beneficially owned.
 
 Changes in Control.
 
 There are
currently no arrangements, which would result in a change in our
control.
 
 ITEM 13.CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
 
 None
 
 ITEM 14. PRINCIPAL
ACCOUNTING FEES AND SERVICES
 
 Audit
Fees
 
 2007:                      $3,500
 2008:                      $2,500
 
 Audit
Related Fees
 
 None.
 
 Tax
Fees
 
 None.
 
 All
Other Fees
 
 None.
 
 The
following table represents the aggregate fees billed for professional audit
services rendered to the independent auditor, Traci J. Anderson, CPA
("Anderson") for our audit of the annual financial statements for the years
ended December 31, 2008 and 2007. Audit fees and other fees of auditors are
listed as follows:
  Year Ended December 31
                  
                  2008
                  
                  
                  
                  2007Anderson
                  
                  
                  
                  AndersonAudit
      Fees (1)
                  
                  $
                  2,500
                  
                  (2)
                  
                  $
                  3,500
                  
                  (2)Audit-Related
      Fees (3)
                  
                  
                  --
                  
                  
                  
                  
                  --Tax
      Fees (4)
                  
                  
                  --
                  
                  
                  
                  
                  --All
      Other Fees (5)
                  
                  
                  --
                  
                  
                  
                  
                  --Total
      Accounting Fees and Services
                  
                  $
                  2,500
                  
                  
                  
                  $
                  3,500
  (1)
              Audit Fees. These are
      fees for professional services for the audit of our annual financial
      statements, and for the review of the financial statements included in our
      filings on Forms 10-Q, and for services that are normally provided in
      connection with statutory and regulatory filings or
      engagements.(2)
              The
      amounts shown for Anderson relate to services in connection with consents
      and assistance with and review of documents filed with the Securities and
      Exchange Commission.
 
 (3)
              Audit-Related Fees.
      These are fees for the assurance and related services reasonably related
      to the performance of the audit or the review of our financial
      statements.(4)
              Tax Fees. These are
      fees for professional services with respect to tax compliance, tax advice,
      and tax planning.
 
 (5)
              All Other Fees. These
      are fees for permissible work that does not fall within any of the other
      fee categories, i.e., Audit Fees, Audit-Related Fees, or Tax
      Fees.
 
 Pre-Approval
Policy for Audit and Non-Audit Services
 
 We do not
have a standing audit committee, and the full Board performs all functions of an
audit committee, including the pre-approval of all audit and non-audit services
before we engage an accountant. All of the services rendered by Traci J.
Anderson, CPA were pre-approved by our Board of Directors.
 
 We are
presently working with its legal counsel to establish formal pre-approval
policies and procedures for future engagements of our accountants. The new
policies and procedures will be detailed as to the particular service, will
require that the Board or an audit committee thereof be informed of each
service, and will prohibit the delegation of pre-approval responsibilities to
management. It is currently anticipated that our new policy will provide (i) for
an annual pre-approval, by the Board or audit committee, of all audit,
audit-related and non-audit services proposed to be rendered by the independent
auditor for the fiscal year, as specifically described in the auditor's
engagement letter, and (ii) that additional engagements of the auditor, which
were not approved in the annual pre-approval process, and engagements that are
anticipated to exceed previously approved thresholds, will be presented on a
case-by-case basis, by the President or Controller, for pre-approval by the
Board or audit committee, before management engages the auditors for any such
purposes. The new policy and procedures may authorize the Board or audit
committee to delegate, to one or more of its members, the authority to
pre-approve certain permitted services, provided that the estimated
fee for any such service does not exceed a specified dollar amount (to be
determined). All pre-approvals shall be contingent on a finding, by the Board,
audit committee, or delegate, as the case may be, that the provision of the
proposed services is compatible with the maintenance of the auditor's
independence in the conduct of its auditing functions. In no event shall any
non-audit related service be approved that would result in the independent
auditor no longer being considered independent under the applicable rules and
regulations of the Securities and Exchange Commission.
 
 (a) On
December 31, 2008, our Chief Executive Officer and Chief Financial Officer made
an evaluation of our disclosure controls and procedures. In our opinion, the
disclosure controls and procedures are adequate because the systems of controls
and procedures are designed to assure, among other items, that 1) recorded
transactions are valid; 2) valid transactions are recorded; and 3) transactions
are recorded in the proper period in a timely manner to produce financial
statements which present fairly the financial condition, results of operations
and cash flows for the respective periods being presented. Moreover, the
evaluation did not reveal any significant deficiencies or material weaknesses in
our disclosure controls and procedures.
 
 (b) There
have been no significant changes in our internal controls or in other factors
that could significantly affect these controls since the last
evaluation.
  22
  PART
IV
 
 ITEM
15.EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
 
 (a)
              Financial
      Statements
 
 1. The
following financial statements of Murals by Maurice, Inc. are included in Part
II, Item 8:
 
 Report of
Independent Registered Public Accounting Firm Balance Sheet at December 31,
2008
 Statements
of Operations - for the years endedDecember 31, 2008 and
2007
 Statements
of Cash Flows - for the years ended December 31, 2008 and 2007
 Statements of Stockholders’ Equity -
for the years ended December 31, 2008 and
2007
 Notes to Financial
Statements
  2.
Exhibits
  14.1.   Code of Ethics
 31.1.   Rule 13a-14(a)/15d-14(a) Certifications
of Chief Executive Officer and Chief Financial Officer
 32.1.   Section 1350 Certifications of Chief
Executive Officer and Chief Financial Officer
 
 (b)
              Reports
      on Form 8-K
  None.
 
 23
  SIGNATURES
  In
accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned majority of the Board of Directors, thereunto duly
authorized.
  MURALS
      BY MAURICE, INC.Date:
      April 8, 2009
                
                /s/
      Maurice KatzMaurice
      KatzPresident,
      Chief Executive Officer, Chief Financial Officer and
    Director