**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**




**FORM
      10-KSB**




(Mark
      One)




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




**For
      the fiscal year ended December 31, 2006**




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




**For
      the transition period from ___________ to ___________**




**Commission
      file number** **333-127259**




**GRANT
      ENTERPRISES, INC.**


(Exact
      name of registrant as specified in its charter)




**Nevada**
            **74-3130469**(State
                or other jurisdiction of incorporation or organization)
            (I.R.S.
                Employer Identification No.)**233
                Wilshire Blvd., Suite 960**
              **Santa
                Monica, California 90401**
            **90401**(Address
                of principal executive offices)
            (Zip
                Code)





Registrant’s
                telephone number, including area code
            **(310)
                393-0104**




Securities
                registered under Section 12(b) of the Exchange Act:Title
                of each class
            Name
                of each exchange on which registered**None**
            **None**Securities
                registered under Section 12(g) of the Exchange Act:**Common
                Stock, par value $.001**(Title
                of class)




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




Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B contained in this form, and no disclosure will be contained,
      to
      the best of registrant’s knowledge, in definitive proxy or information
      statements incorporated by reference in Part III of this Form 10-KSB or any
      amendment to this Form 10-KSB. o





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





State
      issuer’s revenues for its most recent fiscal year: $26,822





Aggregate
      market value of the voting and non-voting common stock held by non-affiliates
      of
      the Company as of December 31, 2006: not applicable




Number
      of
      shares of the registrant’s common stock outstanding as of March 2,
      2007:  1,400,000
      shares of Common Stock.












**TABLE
      OF CONTENTS**








**Part
                I**Item
                1.
            Description
                of Business.Item
                2.
            Description
                of Property.Item
                3.
            Legal
                Proceedings.Item
                4.
            Submission
                of Matters to a Vote of Security Holders.**Part
                II**Item
                5.
            Market
                for Common Equity and Related Stockholder Matters.Item
                6.
            Management’s
                Discussion and Analysis or Plan of Operations.Item
                7.
            Financial
                Statements.Item
                8.
            Changes
                in and Disagreements With Accountants on Accounting and Financial
                Disclosure.Item
                8A.
            Controls
                and Procedures.Item
                8B.
            Other
                Information.**Part
                III**Item
                9.
            Directors,
                Executive Officers, Promoters and Control Persons; Compliance with
                Section
                16(a) of the Exchange Act.Item
                10.
            Executive
                Compensation.Item
                11.
            Security
                Ownership of Certain Beneficial Owners and Management and Related
                Stockholder Matters.Item
                12.
            Certain
                Relationships and Related Transactions.Item
                13.
            Exhibits.Item
                14.
            Principal
                Accountant Fees and Services.**Signatures**








*Except
      as otherwise required by the context, all references in this prospectus to
      "we",
      "us”, "our", “BMSTA”, or "Company" refer to the consolidated operations of
      Camelot Entertainment Group Inc., a Delaware corporation, and its wholly owned
      subsidiaries.*




**Forward-Looking
      Statements and Associated Risks**






*The
      Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
      certain forward-looking statements. Some of the statements contained in this
      annual report of Edulink discuss future expectations, contain projections
      of our operations or financial condition or state other forward-looking
      information. Some statements contained in this annual report on Form 10-K that
      are not historical facts (including without limitation statements to the effect
      that we "believe," "expect," "anticipate," "plan," "intend," "foresee," or
      other
      similar expressions) and are forward-looking statements. These forward-looking
      statements are based on our current expectations and beliefs concerning future
      developments and their potential effects on us. There can be no assurance that
      future developments affecting us will be those anticipated by us. All comments
      concerning our expectations for future revenue and operating results are based
      on our forecasts of our plan of operation and do not include the potential
      impact of any future acquisitions or operations. These forward-looking
      statements involve significant risks and uncertainties (some of which are beyond
      our control) and assumptions. Should one or more of these risks or uncertainties
      materialize, or should any of our assumptions prove incorrect, actual results
      may vary in material respects from those projected in the forward-looking
      statements.*




**PART
      I**


**Item
        1. **Description
        of Business.****




**General**




We
      were
      incorporated under the laws of the State of Delaware on September 9, 2004.
      We
      commenced operations for the purposes of evaluating, structuring, and completing
      a merger with prospects consisting of private companies, partnerships, or sole
      proprietorships in the United States. On September 12, 2004, we obtained all
      of
      the outstanding units of Grant Enterprises, LLC from Richard Carrigan, the
      sole
      shareholder, in consideration for the issuance of 1,000,000 shares of our common
      stock to the Richard Carrigan pursuant to a Unit Purchase Agreement and Share
      Exchange between Grant Enterprises, LLC and us. Pursuant to the Unit Purchase
      Agreement and Share Exchange, Grant Enterprises, LLC became our wholly owned
      subsidiary. Until this reorganization our activities had been limited to actions
      related to our organization, and we conducted virtually no business
      operations.




Now,
      through Grant Enterprises, LLC, we own and operate a distributor of Kinjoy
      Massage Chairs.




Grant
      Enterprises, LLC was incorporated on April 30, 2001, and is currently the
      exclusive distributor of Kinjoy Chairs in Michigan, Mississippi, Nevada and
      New
      Jersey. Business clients and individuals have long appreciated the Kinjoy
      Shiatsu Massage System in prestigious spas and resorts, as well as in private
      homes, for the reinvigorating and relaxing affects of the massage chair. Today,
      the Kinjoy system is available for commercial application with advanced vending
      technology, creating new markets where the Kinjoy Shiatsu Massage System can
      deliver another level of customer amenities and satisfaction while generating
      a
      new revenue stream for owners. We currently market and distribute Kinjoy Chairs
      to private individuals as well as health and wellness businesses, including
      spas, health clubs, nursing, hospice, and hospital facilities, and other
      operations where customer comfort is the highest priority. We have developed
      a
      revenue sharing program to maximize the potential of the Kinjoy vending model
      and minimize investment risk.




**Products
      and Services**




The
      core
      product marketed and distributed through our subsidiary is the Kinjoy Chair,
      a
      revolutionary new wellness device that combines an attractive modern furniture
      design with a complete, user-controlled Shiatsu massage system.













The
      Kinjoy Chair incorporates both aesthetic and ergonomic design. With smooth
      lines
      and rounded design elements, the Kinjoy Shiatsu Massage System is as visually
      appealing as it is physically calming. Comfortable armrests and contoured
      backrest invite clients to sit down and relax.




The
      overall design also maximizes mobility and energy efficiency. The wheeled base
      enables the chair to positioned anywhere in any environment and relocated to
      suit client and guest needs easily. Even when the automated massage functions
      are in use the power consumption of the Kinjoy Shiatsu Massage Chair is
      approximately equivalent to two light bulbs.




The
      Kinjoy system can be deployed in any environment as a value-added service and
      amenity for customers, giving a complete Shiatsu Massage without increasing
      overhead costs with additional staff or certifications. With its new vending
      device, the Kinjoy chair has even greater deployment potential to become a
      viable profit center.




With
      only
      a four-chair bay of Kinjoy Shiatsu Massage Systems (an investment value of
      approximately US$16,500) placed in a high-traffic location, deployers can expect
      revenues over US$25,000 annually. Inherent in the chairs design are features
      that minimize maintenance and keep the appearance looking new and inviting
      for
      years.




The
      revenue sharing program is an important aspect of our product and service suite.
      Currently in use by a number of high-profile corporations in the casino
      entertainment industry, the 50/50 arrangement decreases initial costs for the
      operator while expanding our revenue stream. The success of these programs
      is
      leading to new market opportunities for the business and new deployment purposes
      for the Kinjoy Shiatsu Massage System. We currently generate revenue by the
      placement of the Kinjoy Chairs in certain malls in various locations. These
      chairs come equipped with a system that accepts credit card
      payments.




**Sales
      and Marketing**




The
      long-range goal is to gain substantial visibility in the target market segments
      to leverage volume deployments of the Kinjoy Shiatsu Massage System product
      line
      with the vending application and increase awareness in other applicable markets.
      Key points to this strategy include:




*
            Public
                Relations: A public relations firm with specialties in casino
                entertainment, hospitality, and travel markets will be retained to
                develop
                media relations, write press releases, and ensure publication in
                the
                relevant trades to increase market segment awareness and interest
                in the
                products.*
            Direct
                Personal Selling & Marketing Literature: Sales collateral will be
                developed to support the personal direct sales efforts and distribute
                segment-appropriate explanations of the technology and its benefits.
                Product sell sheets will develop the capabilities of the system and
                the
                company, demonstrating the distinctive overall benefits, and representing
                the ease of deployment within a variety of
                environments.*
            Trade
                Shows & Trade Advertising: Advertising will initially be concentrated
                around trade events and publications distributed on site. As deployments
                expand, advertising is expected to increase intermittently to support
                developing sales strategies as part of on-going
                operations.




**Competition**




The
      industry of developing wellness devices is new, rapidly evolving and intensely
      competitive. A variety of companies, compete with varied products or services
      that it offers, including but not limited to DMS Canada, First Class Vending
      and
      APP Vending.




As
      the
      market for wellness devices grows, we believe that the range of companies
      involved in the industry will increase their efforts to develop products and
      services that will compete with our products and services. Achieving critical
      mass with respect to market share is critical for our business. Competitors
      who
      already have an established market share will, therefore, be in a better
      competitive position than us.





We
      hope
      to offset any such competitive advantages by offering products and services
      which are superior in quality to and more appealing than those of our
      competitors, and by launching an effective marketing campaign.





Employees




We
      currently have one full-time employee.




**Item
        2. **Description
        of Property.****


Our
      executive offices are located at 233 Wilshire Blvd., Suite 960, Santa Monica,
      California 90401. This office space is leased to us for $500 per month on a
      month to month basis. We believe that this space is sufficient and adequate
      to
      operate our current business.




**Item
        3. **Legal
        Proceedings.****


Neither
      the Company nor any of its subsidiaries is a party to any pending or threatened
      legal proceedings.




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




None.





**PART
      II**




Item
      5. **Market
      for Common Equity and Related Stockholder
      Matters.**


**Market
      Information**





There
      is
      no established public trading market for our securities. Our shares are not
      and
      have not been listed or quoted on any exchange or quotation system.





**Holders**





As
      of
      March 2, 2007 in accordance with our transfer agent records, we had 41 record
      holders of our Common Stock, holding 1,400,000 shares.





**Dividends**





Since
      inception we have not paid any dividends on our common stock. We currently
      do
      not anticipate paying any cash dividends in the foreseeable future on our common
      stock, when issued pursuant to this offering. Although we intend to retain
      our
      earnings, if any, to finance the exploration and growth of our business, our
      Board of Directors will have the discretion to declare and pay dividends in
      the
      future. Payment of dividends in the future will depend upon our earnings,
      capital requirements, and other factors, which our Board of Directors may deem
      relevant.




**Recent
      Sales of Unregistered Securities**




None




**Item
        6. **Management’s
        Discussion and Analysis or Plan of
        Operations.****





*The
      following discussion contains forward-looking statements within the meaning
      of
      Section 27A of the Securities Act of 1933 and Section 21E of the Securities
      Exchange Act of 1934 relating to future events or our future performance. Actual
      results may materially differ from those projected in the forward-looking
      statements as a result of certain risks and uncertainties set forth in this
      prospectus.*





*Although
      management believes that the assumptions made and expectations reflected in
      the
      forward-looking statements are reasonable, there is no assurance that the
      underlying assumptions will, in fact, prove to be correct or that actual results
      will not be different from expectations expressed in this
      report.*




Since
      our
      inception, we have generated revenue in the sale of and the vending service
      of
      the Kinjoy Shiatsu Massage System. This System is a chair that is marketed
      to
      private individuals as well as health and wellness businesses, including spas,
      health clubs, nursing hospice, and hospital facilities and other operations
      where customer comfort is the highest priority. We are the exclusive distributor
      of the Kinjoy Chairs in Michigan, Mississippi, Nevada and New Jersey. With
      the
      chair’s new vending device, the chair can be placed in high traffic areas
      without increasing overhead costs with additional staff or certifications.
      The
      chair is offered for sale as well as vending opportunities. We consider
      competition from other similar companies to be a risk for future revenues.
      Downward trend of our revenues may continue with increased competition. The
      sale
      of Chairs has declined due to competition. Vending revenues have also declined.
      Grant Enterprises, Inc. has left all business activity that Grant Enterprises,
      L.L.C. has created with that subsidiary.





During
      the next twelve months, we expect to take the following steps in connection
      with
      the further development of our business and the implementation of our plan
      of
      operations:




We
      will
      focus on striking more vending deals and sales agreements with casinos, both
      in
      Nevada, and casinos on Indian gaming reservations in California. We hope to
      either strike vending agreements or sale agreements with the casinos to install
      chairs in areas where casino customers ordinarily rest on chairs such as (i)
      sports betting areas; (ii) lounge areas; and (iii) near tables. By placing
      chairs in these areas, we hope to generate revenue from casino customers who
      wish to receive a massage while they rest. We also believe that the California
      market will provide opportunities for further expansion. We hope to increase
      both our revenues from sale of chairs and vending by 20% each year.




We
      will
      attempt to raise capital from sale of our common stock, business lines of
      credit, and loans from investors, shareholders or management, and/or joint
      venture partners. Management will use its best efforts to raise the additional
      funds carry out the planned program but there is significant risk that we may
      not secure the necessary funding.




We
      will
      primarily invest in new business development and ongoing business activities
      including sales and marketing, advertisement, legal and human resource
      development. We do not have sufficient cash to hire such personnel and basic
      operating infrastructure for a period of one year as shown by our working
      capital balance as of December 31, 2006. We will continue to hire as independent
      contractors on a commission basis. If we are successful in developing new
      business, management will assess the results to determine the best course of
      action for ongoing and future needs.





**Results
      of Operations**





***For
      the Fiscal Years Ended December 31, 2006 and 2005***





Gross
      Revenues




Gross
      revenues through December of 2006 were $26,822 a decrease of $57,389 from the
      2005 amount of $84,211 or a decrease of 68 % approximately. 94% of that decrease
      was related to a decrease in sales, the remaining decrease was from a slight
      decrease in vending income.




In
      2005,
      approximately 72 % of the revenues derived from the sale of chairs, while the
      remaining 28 % derived from vending. In 2006, we experienced a decrease in
      the
      number of chairs sold, resulting in decrease in revenue derived from such sales,
      while revenue derived from vending decreased only slightly. Therefore, in 2006,
      19 % of our total revenue derived from the sale of chairs while the remaining
      81% derived from vending.








Cost
      of Revenue





Cost
      of
      revenue through December of 2006 was $3,221 of which $611 was attributable
      to
      the cost of revenue of chairs, while remaining $2609 of the total cost of
      revenue in was attributable to vending. The amount of $3,221 represented a
      decrease of $43,136 or 93% from the 2005 amount of $46,357. This decrease is
      directly related to a decrease in sales.




Gross
      Profit decreased from $37,854 for the year ended December 31, 2005 to $23,601
      for the year ended December 31, 2006, a decrease $14,253 or 37%. The decrease
      in
      gross profits was a result of the decrease in revenues in 2006. The company
      believes that the decrease in revenue represents a trend however, there is
      no
      guarantee that this trend will continue in the near future.




General
      and Administrative expenses decreased from $38,288 for the year ended December
      31, 2005 to $33,744 for the year ended December 31, 2006. This decrease was
      due
      to automobile expense decreasing by almost 50% or $3500. The remainder of the
      decrease was due to a decrease in Meals and Entertainment, by $1500 and a
      decrease in travel expenses. We expect the significant future general and
      administrative costs to be that of those costs revolving around our growth
      plans
      and professional fees for our filings with the U.S. Securities and Exchange
      Commission at the parent company level.




Net
      Income




Net
      loss
      in 2006 was $10,143 compared to net income in 2005 of $308, a difference of
      $10,143. This increase in net loss was directly related to a decrease in our
      revenues by 68% while General and Administrative expenses decreased by only
      14%.




Our
      ability to achieve our business objectives is contingent upon our success in
      raising additional capital to enter new markets and then rely on cash flows
      from
      operations for future growth




**Liquidity
      and Capital Resources**




We
      raised
      $40,000 in a private placement in September 2004 and maintained a cash balance
      at December 31, 2006 of $40,751. These funds as well as our business activity
      will allow us to have positive cash flows for the current year. We have
      historically satisfied our cash requirements through revenues, short term
      financings, and issuance of common stock for cash. We anticipate that cash
      requirements will continue to increase as we continue to expend resources to
      build infrastructure, develop a business plan and establish a marketing network,
      customer support and administrative organizations.




We
      anticipate that future revenue will be sufficient to cover budgeted operating
      expenditures and offering expenses. Although we believe we have sufficient
      cash
      to meet our minimum expenses for the next 12 months, we will be unable to expand
      on our business unless we are successful in raising additional capital. There
      is
      no assurance we will be successful in raising the needed capital. Should we
      pursue additional capital investment, we expect such financing to take the
      form
      of a private placement of equity or debt. We intend to seek advice from
      investment professionals on how to obtain additional capital. Current assets
      as
      of December 31, 2006 were $68,197 which consisted of cash of $40,751 and
      accounts receivable of 0$ and related party advances of $0, property and
      equipment of $27,309 and deposits of $137. Total current liabilities as of
      December 31, 2006 were $2250, which consisted entirely of accrued
      expenses.




**Recent
      Accounting Pronouncements**




In
      May
      2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections. This
      Statement replaces APB Opinion No. 20, Accounting Changes, and FASB Statement
      No. 3, Reporting Accounting Changes in Interim Financial Statements, and changes
      the requirements for the accounting for and reporting of a change in accounting
      principle. This Statement applies to all voluntary changes in accounting
      principle.





It
      also
      applies to changes required by an accounting pronouncement in the unusual
      instance that the pronouncement does not include specific transition provisions.
      SFAS 154 also requires that a change in depreciation, amortization or depletion
      method for long-lived, nonfinancial assets be accounted for as a change in
      accounting estimate affected by a change in accounting principle. This Statement
      is effective in fiscal years beginning after December 15, 2005. The Company
      has
      not yet determined the effect of implementing this standard.




SFAS
      155,
      Accounting for Certain Hybrid Financial Instruments and SFAS 156, Accounting
      for
      Servicing of Financial Assets were recently issued. SFAS 155 and 156 have no
      current applicability to the Company and have no effect on the financial
      statements.





**Off-Balance
      Sheet Arrangements**





We
      do not
      have any off-balance sheet arrangements, financings, or other relationships
      with
      unconsolidated entities or other persons, also known as “special purpose
      entities” (SPEs).




**Item
        7. **Financial
        Statements.****












**GRANT
        ENTERPRISES, INC.**
 
 
 
 **CONSOLIDATED
        FINANCIAL STATEMENTS**
 
 
 
 
 
 
 
 **AS
        OF DECEMBER 31, 2006 AND 2005**
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
  **GRANT
        ENTERPRISES, INC., INC.**
 
 
 
 **Consolidated
        Financial Statements Table of Contents**
 
 
 
 
  FINANCIAL
                  STATEMENTS
              PageIndependent
                  Auditors Report
              1Balance
                  Sheet
              2Statement
                  of Operations
              3Statement
                  of members capital
              4Cash
                  Flow Statement
              5Notes
                  to the Financial Statements
              6-8
 
 
 
 
 
 
 
 
  
 
 
 REPORT
        OF
        INDEPENDENT REGISTERED PUBLIC ACCOUNTANTING FIRM
 
 
 
 The
        Board
        of Directors and Shareholders
 Grant
        Enterprises, Inc.
 
 
 
 To
        the
        board of directors and stockholders:
 
 We
        have audited the accompanying balance sheet of Grant Enterprises, Inc. as
        of
        December 31, 2006 and 2005 and the related statements of operations,
        stockholder’s equity and cash flows for the twelve months ending December 31,
        2006 and 2005. These financial statements are the responsibility of the
        Company’s management. Our responsibility is to express an opinion on these
        financial statements based on the audit.
  We
        conducted the audit in accordance with the standards of the Public Company
        Accounting Oversight Board (United States). These standards require that
        we plan
        and perform the audit to obtain reasonable assurance about whether the financial
        statements are free of material misstatement. An audit includes examining,
        on a
        test basis, evidence supporting the amounts and disclosures in the financial
        statements. An audit also includes assessing the accounting principles used
        and
        significant estimates made by management, as well as evaluating the overall
        financial statement presentation. We believe that the audit provides a
        reasonable basis for our opinion.
 
 In
        our opinion, the financial statements referred to above present fairly, in
        all
        material respects, the financial position of Grant Enterprises, Inc. as of
        December 31, 2006 and 2005, and the results of operations and its cash flows
        for
        the twelve months ending December 31, 2006 and 2005, in conformity with U.S.
        generally accepted accounting principles.
  
 Gately
        & Associates, LLC
 Altamonte
        Springs, Florida
 February
        1, 2007




F-1




**GRANT
                  ENTERPRISES, INC.****CONSOLIDATED
                  BALANCE SHEETS****As
                  of December 31, 2006 and December 31, 2005****ASSETS****CURRENT
                  ASSETS**
              
              **12/31/06**
              
              **12/31/05**Cash
              
              $
              40,751
              
              $
              40,931Accounts
                  Receivable
              
              
              -
              
              
              1,213Related
                  Party Receivable
              
              
              -
              
              
              3,721Total
                  Current Assets
              
              
              40,751
              
              
              45,865**PROPERTY
                  & EQUIPMENT**
              
              
              
              
              
              -Transportation
              
              
              39,140
              
              
              39,140Vending
                  Equipment
              
              
              54,831
              
              
              54,831Less:
                  accumulated depreciation
              
              
              (66,663
              )
              
              (63,883
              )Total
                  Property & Equipment
              
              
              27,309
              
              
              30,089**OTHER
                  ASSETS**Deposits
              
              
              137
              
              
              137Total
                  Other Assets
              
              
              137
              
              
              137**TOTAL
                  ASSETS**
              
              **$**
              68,197
              
              **$**
              76,090**LIABILITIES
                  AND STOCKHOLDERS' EQUITY****CURRENT
                  LIABILITIES**Accrued
                  expenses
              
              $
              2,250
              
              $
              -Total
                  Current Liabilities
              
              
              2,250
              
              
              -**STOCKHOLDERS'
                  EQUITY**Preferred
                  stock, $0.001 per value;10,000,000
                  authorized, none issuedCommon
                  Stock, $.001 par value;Authorized:
                  100,000,000Issued:
                  1,000,000 and 400,000, respectively
              
              
              1,400
              
              
              1,400Additional
                  paid in capital
              
              
              100,362
              
              
              100,362Retained
                  earnings
              
              
              (35,815
              )
              
              (25,672
              )Total
                  Stockholder's Equity
              
              
              65,947
              
              
              76,090**TOTAL
                  LIABILITIES & STOCKHOLDER'S EQUITY**
              
              **$**
              68,197
              
              **$**
              76,090






The
        accompanying notes are an integral part of these financial
        statements.






F-2




**GRANT
                  ENTERPRISES, INC.****CONSOLIDATED
                  STATEMENTS OF OPERATIONS****For
                  the twelve months ending December 31, 2006 and
                  2005****12/31/06**
              
              **12/31/05****REVENUE**
              
              $
              26,822
              
              $
              84,211**COST
                  OF SERVICES**
              
              
              3,221
              
              
              46,357**GROSS
                  PROFIT OR (LOSS)**
              
              
              23,601
              
              
              37,854**GENERAL
                  AND ADMINISTRATIVE EXPENSES**
              
              
              33,744
              
              
              38,288**OPERATING
                  INCOME**
              
              
              (10,143
              )
              
              (434
              )**OTHER
                  INCOME**
              
              
              -
              
              
              742**NET
                  INCOME OR (LOSS)**
              
              $
              (10,143
              )
              $
              308**Earnings
                  (loss) per share, basic and diluted**
              
              $
              (0.01
              )
              $
              0.00**Weighted
                  average number of common shares**
              
              
              1,400,000
              
              
              1,400,000






The
        accompanying notes are an integral part of these financial
        statements.






F-3






**GRANT
                  ENTERPRISES, INC.****STATEMENT
                  OF STOCKHOLDERS' EQUITY****As
                  of December 31, 2006****ADDITIONAL****COMMON**
              
              **PAR**
              
              **PAID
                  IN**
              
              **ACCUM.**
              
              **TOTAL****STOCK**
              
              **VALUE**
              
              **CAPITAL**
              
              **DEFICIT**
              
              **EQUITY**Balance,
                  December 31, 2004
              
              
              1,400,000
              
              $
              1,400
              
              $
              100,362
              
              $
              (25,980
              )
              $
              75,783Net
                  income (loss)
              
              
              -
              
              
              -
              
              
              -
              
              
              308
              
              $
              308Balance,
                  December 31, 2005
              
              
              1,400,000
              
              $
              1,400
              
              $
              100,362
              
              $
              (25,672
              )
              $
              76,090Net
                  income (loss)
              
              
              -
              
              
              -
              
              
              -
              
              
              (10,143
              )
              
              (10,143
              )Balance,
                  December 31, 2006
              
              
              1,400,000
              
              $
              1,400
              
              $
              100,362
              
              $
              (35,815
              )
              $
              65,947








The
          accompanying notes are an integral part of these financial
          statements.
   F-4




**GRANT
                  ENTERPRISES, INC.****CONSOLIDATED
                  STATEMENTS OF CASH FLOWS****For
                  the twelve months ending December 31, 2006 and
                  2005****CASH
                  FLOWS FROM OPERATING ACTIVITIES**
              
              **12/31/06**
              
              **12/31/05**Net
                  income (loss)
              
              $
              (10,143
              )
              $
              308Adjustments
                  to reconcile net income to net cashprovided
                  by (used in) operating activities:Depreciation
              
              
              2,779
              
              
              2,779(Increase)
                  Decrease in accounts receivable
              
              
              1,213
              
              
              1,447Increase
                  (Decrease) in accrued expenses
              
              
              2,250
              
              
              -Increase
                  (Decrease) in accounts payable
              
              
              -
              
              
              -Increase
                  (Decrease) in prepaid expenses
              
              
              3,721
              
              
              (3,721
              )Total
                  adjustments to net income
              
              
              9,963
              
              
              505Net
                  cash provided by (used in) operating activities
              
              
              (180
              )
              
              813**CASH
                  FLOWS FROM INVESTING ACTIVITIES**Cash
                  paid for assets
              
              
              -
              
              
              -Net
                  cash flows provided by (used in) investing activities
              
              
              -
              
              
              -**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Cash
                  paid, distribution to stockholder
              
              
              -
              
              
              -Cash
                  received from stockholder
              
              
              -
              
              
              -Net
                  cash provided by (used in) financing activities
              
              
              -
              
              
              -**CASH
                  RECONCILIATION**Net
                  increase (decrease) in cash
              
              
              (180
              )
              
              813Cash
                  - beginning balance
              
              
              40,931
              
              
              40,118**CASH
                  BALANCE END OF PERIOD**
              
              $
              40,751
              
              $
              40,931




The
          accompanying notes are an integral part of these financial
          statements.
   F-5


**GRANT
        ENTERPRISES, INC.**
  **Notes
        to the financial statements**
  1.   Summary
        of Significant Accounting Policies:
  Industry - Grant
        Enterprises, Inc. (the Company) was incorporated in the state of Delaware
        on
        September 9, 2004. At the time of incorporation the Company exchanged shares
        with Grant Enterprises, LLC. making Grant Enterprises, LLC. an acquired
        subsidiary. As the Company was the non-operating acquirer, for accounting
        purposes Grant Enterprises, LLC is considered the accounting acquirer. The
        share
        exchange has been accounted for as a retroactive stock split. Grant Enterprises,
        LLC. was organized as a Limited-Liability company on April 30, 2001 under
        the
        laws of the State of Nevada. The Company is headquartered in California.
        The
        Company is involved in the sale of and the vending service of the Kinjoy
        Shiatsu
        Massage System. This System is a chair that is marketed to private individuals
        as well as health and wellness businesses, including spas, health clubs,
        nursing, hospice, and hospital facilities and other operations where customer
        comfort is the highest priority. With the chair’s new vending device, the chair
        can be placed in high traffic areas without increasing overhead costs with
        additional staff or certifications. The chair is offered for sale as well
        as
        vending opportunities. The Company’s fiscal year end is December 31, a calendar
        year end.
  Significant
        Accounting Policies:
  The
        Company’s management has adopted the following accounting policies.
  Revenue
        Recognition
  Sales
        revenue:
  Revenues ,
        accounted for on a net basis, resulting from the sale of chairs is recognized when the chairs are received
        by
        the customer. The Company determines the sales price, is responsible for
        collecting payment from the customer, and bears the risk for product returns
        and
        the risks of non-payment. The Company generally purchases its inventory of
        chairs directly from its supplier at the time a customer places an order.
        Generally, the chairs are shipped directly from the supplier to the customer
        and
        the Company takes title to the chairs once they are shipped from the supplier.
        From time to time the Company does hold an inventory of chairs but prefers
        to
        purchase the chairs at the time an order is received from a customer
  Vending
        revenues:
  Vending
        revenues are recognized at the time the chairs are being used for a massage
        by
        the customer. The Company collects revenue of vending the chairs via the
        customer paying by charge card or coin collection (whereby the Company makes
        regular coin collection visits). The Company records as cost of vending revenue
        the amounts paid to the location where vending chairs are made available
        for
        vending (50% of the gross vending receipts) as well as depreciation on the
        chairs owned by the Company for purposes of vending.
  Cash
        and Cash Equivalents - The
        Company considers cash on hand and amounts on deposit with financial
        institutions which have original maturities of three months or less to be
        cash
        and cash equivalents.
  Basis
        of Accounting - The
        Company’s financial statements are prepared in accordance with generally
        accepted accounting principles. The Company’s management has made all
        adjustments in their opinion that are necessary in order to make the financial
        statements not misleading.
   Estimates
        and adjustment -The
        Company’s management is of the opinion that all estimates and adjustment have
        been made in accordance with Generally Accepted Accounting Principle in order
        for the financial statements to not be misleading.
  Inventory -Stated
        at the lower of cost or market, cost being determined by the first in, first
        out
        method.
   F-6
  
 Property
        and Equipment -
        Vending equipment is recorded at cost. Depreciation is computed on the double
        declining balance method over the estimated useful life of 5 years and the
        expense is recorded as a cost of sales. Transportation equipment is used
        in
        order for the Company to make collections on vending revenue and is also
        depreciated on the double declining method over the estimated useful life
        of 5
        years and is recorded as an expense of general and administration.
  Income
        Taxes - The
        Parent and Subsidiary Company utilize the asset and liability method to measure
        and record deferred income tax assets and liabilities. Deferred tax assets
        and
        liabilities reflect the future income tax effects of temporary differences
        between the financial statement carrying amounts of existing assets and
        liabilities and their respective tax bases and are measured using enacted
        tax
        rates that apply to taxable income in the years in which those temporary
        differences are expected to be recovered or settled. 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 assets will
        not be
        realized.
  Earnings
        Per Share - Basic
        and diluted earnings per share is computed by dividing earnings available
        to
        stockholders by the weighted-average number of shares outstanding for the
        period
        as guided by the Financial Accounting Standards Board (FASB) under Statement
        of
        Financial Accounting Standards (SFAS) No. 128, “Earnings per Shares”. Diluted
        EPS reflects the potential dilution of securities that could share in the
        earnings. At the balance sheet date, there were 200,000 options outstanding
        which are anti-dilutive.
  Concentrations
        of Credit Risk -
        Financial instruments that potentially expose the Company to concentrations
        of
        credit risk consist principally of operating demand deposit accounts. The
        Company’s policy is to place its operating demand deposit accounts with high
        credit quality financial institutions that are insured by the FDIC.
  Compensation
        in the form of stock - As
        listed in footnote number 7 the Company has only one equity instrument in
        the
        form of a stock option for a Company officer as follows:
  On
        September 1, 2005 the Company issued an option agreement to the Company’s
        officer for the purchase of 200,000 shares of common stock for the purchase
        price of $1.00 per share that expired on March 7, 2006. These options are
        accounted for under Statement of Financial Accounting Standard 123R “Accounting
        for Stock-based Compensation”. The grant date and vesting date for these options
        was September 1, 2005and to date have not been exercised. The fair value
        of
        these options at the grant date and at year end was less than the exercise
        price
        of the options therefore no value was expensed in the Statement of Operations
        as
        compensation expense.
  The
        Company used SFAS No.123, “Accounting For Stock Based Compensation,” for the
        year ending December 31, 2005. As required by a revision of this standard,
        the
        Company has adopted SFAS No. 123R to account for stock based compensation
        whereby through this adoption the Company accounts for amounts regarding
        stock
        based compensation at its expense instead of proforma results. For this
        transition the Company has elected the prospective method to account for
        the
        change. For the twelve months
        ended December June 31, 2006
        the exercise price of the option mentioned above was above fair market value
        of
        the stock and therefore no expense was recorded.
  Estimates
        and adjustment -The
        Company’s management is of the opinion that all estimates and adjustment have
        been made in accordance with Generally Accepted Accounting Principle in order
        for the financial statements to not be misleading.
  2.   Related
        Party Transactions:
  A
          primary
          shareholder, Richard
          Carrigan , from
          time
          to time has loaned the Company working capital in the form of a loan with
          no
          terms. The nature of these transactions is an informal agreement with the
          founder and primary shareholder of the Company. These amounts are used
          for
          working capital when the Company has shortfalls in cash flows. The transactions
          occur when the shareholder places Company expenses on his credit card and
          the
          company later reimburses the shareholder for these expenses. From time
          to time
          the Company pays cash to the shareholder in excess of the amounts owed
          upon
          which the Company records these amounts as a related
          party advance as these
          funds will be used for future reimbursements. At December 31, 2006 and
          December
          31, 2005 the Company has related
          party receivables $ 0 and
          $ 3,721 ,
          respectively, towards expenses which
          are recorded as related party advances .
   F-7
  3.   Accounts
        Receivable:
  The
        Company has balances in accounts receivable from the sale of chairs and
        historically has not had material amounts of bad debt write offs therefore
        an
        allowance for doubtful accounts was not established. The Company’s vending
        operations work on pre-paid basis and therefore have no receivables.
  4.   Use
        of Estimates:
  The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make estimates and assumptions
        that
        effect the reported amounts of assets and liabilities and disclosure of
        contingent assets and liabilities at the date of the financial statements
        and
        the reported amounts of revenues and expenses during the reporting period.
        Actual results could differ from those estimates.
  5.   Accounts
        Payable and Accrued Expenses:
  Accounts
        payable and accrued expenses consist of trade payables from normal operations
        of
        the business.
  6.   Operating
        and Capital Lease Agreements:
  The
        Company has no short term or long term leases.
  7.   Stockholder
        Equity:
  The
        Company has authorized 10,000,000 shares of preferred stock at a par value
        of
        $.001 per share none of which have been issued.
  The
        Company has authorized 100,000,000 shares of common stock at a par value
        of
        $.001 per share of which 1,400,000 shares have been issued.
  Upon
        incorporation of the Company (September 9, 2004), 1,000,000 shares of common
        stock were issued in an exchange agreement for the 1,000 units (100%) of
        the
        subsidiary, Grant Enterprises, LLC, for a value of its existing capital as
        accounted for as a partnership. Grant Enterprises, LLC is considered the
        accounting acquirer and therefore the share exchange was accounted as a
        retroactive share exchange with the unit holders.
  During
        September of 2004 the Company undertook a private placement offering of 400,000
        shares of common stock for a value of $40,000, or $.10 per share. The Company’s
        management considers the offering exempt from reporting with the U.S. Securities
        and Exchange Commission.
  Stock
        Based Compensation:
  On
        September 1, 2005 the Company issued an option agreement to the Company’s
        officer for the purchase of 200,000 shares of common stock for the purchase
        price of $1.00 per share that expired on March 7, 2006. These options are
        accounted for under Statement of Financial Accounting Standard 123R “Accounting
        for Stock-based Compensation”. The grant date and vesting date for these options
        was September 1, 2005and to date have not been exercised. The fair value
        of
        these options at the grant date and at year end was less than the exercise
        price
        of the options therefore no value was expensed in the Statement of Operations
        as
        compensation expense.
  8.   Employment
        Contract and Incentive Commitments:
  The
        Company has no employment contracts and incentive commitments.
  9.
        Income Taxes:
  The
        income tax payable that was accrued for the year ended December 31, 2006
        was
        offset by the Company’s net operating loss carryforward therefore the provisions
        for income tax in the income statement is $0.
   F-8
   For
        the
        twelve months ended December 31, 2006 the Company had an operating loss of
        $
        10,143 which is a loss that can be carried forward to offset future income
        for a
        period of 20 years. The Company has net operating loss carryforwards that
        were
        derived solely from operating losses. These amounts can be carried forward
        to be
        used to offset future income for tax purposes for a period of 20 years for
        each
        year’s loss. The accounting for these losses derive a deferred tax asset for the
        twelve months ended December 31, 2006 of 2,029
  No
        provision was made for federal income tax since the Company has significant
        net
        operating losses. From inception through December 31, 2006 the Company incurred
        net operating losses for tax purposes of approximately $35,815. The net
        operating loss carry forwards may be used to reduce taxable income through
        the
        years 2024 to 2026. The availability of the Company’s net operating loss
        carryforwards are subject to limitation if there is a 50% or more positive
        change in the ownership of the Company’s stock. The provision for income taxes
        consists of the federal and state minimum tax imposed on
        corporations.
 
 Deferred
        income taxes reflect the net tax effects of temporary differences between
        the
        carrying amounts of assets and liabilities for financial statement purposes
        and
        the amounts used for income tax purposes. Significant components of the
        Company's deferred tax liabilities and assets as of December 31, 2006 are
        as
        follows:




Deferred
                    tax assets:Federal
                    net operating loss
                
                $
                5,489State
                    net operating loss
                
                
                1,736Total
                    deferred tax assets
                
                
                7,225Less
                    valuation allowance
                
                
                (7,225
                )$
                --
 The
          Company has provided a 100% valuation allowance on the deferred tax assets
          at
          December 31, 2006 to reduce such asset to zero, since there is no assurance
          that
          the Company will generate future taxable income to utilize such asset.
          Management will review this valuation allowance requirement periodically
          and
          make adjustments as warranted.
 
 The
        reconciliation of the effective income tax rate to the federal statutory
        rate
        for the years ended December 31, 2006 and 2005 is as follows:
  2006
                
                2005Federal
                    income tax rate
                
                
                (15.0
                %)
                
                (15.0
                %)State
                    tax, net of federal benefit
                
                
                (5.0
                %)
                
                (5.0
                %)Increase
                    in valuation allowance
                
                
                20.0
                %
                
                20.0
                %Effective
                    income tax rate
                
                
                0.0
                %
                
                0.0
                %
   The
        Subsidiary Company prior to acquisition by the Parent Company ( September
        2004)
        accounted for income taxes as a Limited Liability Company by preparing a
        partnership return whereby any income or loss generated by the Subsidiary
        would
        be passed through to the individual unit holders. After acquisition the
        Subsidiary Company adopted the method of accounting for income taxes as the
        Parent Company accounts for income taxes under the deferred tax asset and
        liability method. If the Company accounted for income taxes prior to acquisition
        the Company would have realized a net operating loss carryforward in the
        amount
        of $20,560 which would have expired in the year 2024 if not used to offset
        income. Using the effective tax rate of 20% this would have resulted in a
        deferred tax asset in the amount of $4,112 of which the Company would set
        an
        allowance of $4,112 as the Company’s management believes the company would more
        than likely not have the ability to use this asset.
   F-9
   The
        Parent Company acts as a holding company and does not have operations therefore
        there were no deferred tax assets or liabilities to account for. The Parent
        Company and Subsidiary Company do not file a consolidated tax return therefore
        the deferred tax assets and liabilities that are disclosed are that of the
        Subsidiary Company and consolidated with the Parent Company for accounting
        reasons.
  10.   Required
        Cash Flow Disclosure for non-cash items, Interest and Taxes
        Paid:
  The
        Company has made no cash payments for interest or income taxes.
  11.   Contingent
        Liabilities:
  Currently
        the Company has not identified any contingent liabilities that may be due.




F-10




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




None.




**Item
        8A. **Controls
        and Procedures.****







**Evaluation
      of Disclosure Controls and Procedures**





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-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2006. Based
      on this evaluation, our principal executive officer and principal financial
      officer have concluded that our disclosure controls and procedures are effective
      to ensure that information required to be disclosed by us in the reports we
      file
      or submit 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 and that our disclosure and controls are designed
      to ensure that information required to be disclosed by us in the reports that
      we
      file or submit under the Exchange Act is accumulated and communicated to our
      management, including our principal executive officer and principal financial
      officer, or persons performing similar functions, as appropriate to allow timely
      decisions regarding required disclosure.





**Changes
      in Internal Controls**





There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the fourth quarter of fiscal 2006 that has
      materially affected, or is reasonably likely to materially affect, our internal
      control over financial reporting.




**Item
        8B. **Other
        Information.****
   None.





**PART
      III**


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




Our
      sole
      executive officer and director and his age as of March 2, 2007 is as
      follows:













**NAME**
            **AGE**
            **POSITION**Shahin
                Shadmer
            28
            President,
                Chief Executive Officer, Chief Financial Officer, Chairman of the
                Board of
                Directors




Set
      forth
      below is a brief description of the background and business experience of our
      executive officers and directors for the past five years.




SHAHIN
      SHADMER is our founder and currently serves as our President, Chief Executive
      Officer, and Chief Financial Officer as well as our Chairman of the Board of
      Directors. Mr. Shadmer received his Bachelors of Art in History from
      California State University. During 2002 and 2003, Mr. Shahin worked in
      collections at The Best Service Company, collecting funds, handling litigation
      matters and office management. Mr. Shadmer also has four years experience
      in the areas of sales and marketing through his employment with Circuit City
      and
      Gensys Multimedia.




**Term
      of Office**




Our
      directors are appointed for a one-year term to hold office until the next annual
      general meeting of our shareholders or until removed from office in accordance
      with our bylaws. Our officers are appointed by our board of directors and hold
      office until removed by the board.





**Significant
      Employees**





None.





**Family
      Relationships**





No
      family
      relationships exist among our directors or executive officers.





**Involvement
      in Certain Legal Proceedings**




To
      our
      knowledge, during
      the past five years, none of our directors, executive officers, promoters,
      control persons, or nominees has been:




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





•
            convicted
                in a criminal proceeding or is subject to a pending criminal proceeding
                (excluding traffic violations and other minor offenses);





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





•
            found
                by a court of competent jurisdiction (in a civil action), the Commission
                or the Commodity Futures Trading Commission to have violated a federal
                or
                state securities or commodities law.





**Code
      of Ethics**





We
      have
      not yet adopted a code of ethics.








**Compliance
      with Section 16(a) of the Exchange Act**




Section
      16(a) of the Securities Exchange Act of 1934 requires the Company's officers
      and
      directors, and persons who own more than 10 percent of a registered class of
      the
      Company's equity securities, to file reports of ownership and changes in
      ownership with the Securities and Exchange Commission (SEC). Officers,
      directors, and greater than 10 percent stockholders are required by SEC
      regulation to furnish the Company with copies of all Section 16(a) forms they
      file.





To
      the
      Company's knowledge, based solely on a review of the copies of such reports
      furnished to the Company, all reports under Section 16(a) required to be filed
      by its officers and directors and greater than ten percent beneficial owners
      were timely filed as of the date of this filing.




**Item
        10. **Executive
        Compensation.****




**Compensation
      of Executive Officers**




The
      following summary compensation table sets forth all compensation awarded to,
      earned by, or paid to the named executive officers paid by us during the fiscal
      years ended December 31, 2006 and 2005 in all capacities for the accounts of
      our
      executives, including the Chief Executive Officer (CEO) and Chief Financial
      Officer (CFO):





ANNUAL
                COMPENSATION
            LONG
                TERM COMPENSATIONNAME
            TITLE
            YEAR
            SALARY
            BONUS
            OTHER
                ANNUAL COMPENSATION
            RESTRICTED
              OPTION
                STOCKS/
              PAYOUTS
                AWARDED
            SARS
              ($)
            LTIP
              COMPENSATION
            ALL
                OTHER COMPENSATIONShahin
                Shadmer
            President
              CEO
                and
              Chairman
            2006
              2005
            $0
              $0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0





**Stock
      Option Grants**




Shahin
      Shadmer had the option to purchase 200,000 shares of our common stock for a
      period of six months which expired March 7, 2006 at $1.00 a share. There are
      no
      other options to purchase our securities outstanding. We may in the future
      establish an incentive stock option plan for our directors, employees and
      consultants.




**Employment
      Agreements**




We
      do not
      have an employment or consultant agreement with Mr. Shahin Shadmer, our
      Chief Executive Officer, President, and Chairman of the Board of
      Directors.




**Compensation
      of Directors**




For
      the
      fiscal year ended December 31, 2006, we did not compensate our directors for
      their services.




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




The
      following table sets forth certain information regarding the ownership of our
      capital stock, as of March 2, 2007, for: (i) each director; (ii) each person
      who
      is known to us to be the beneficial owner of more than 5%of our outstanding
      common stock; (iii) each of our executive officers named in the Summary
      Compensation Table; and (iv) all of our current executive officers and directors
      of as a group. Except as otherwise indicated in the footnotes, all information
      with respect to share ownership and voting and investment power has been
      furnished to us by the persons listed. Except as otherwise indicated in the
      footnotes, each person listed has sole voting power with respect to the shares
      shown as beneficially owned.





The
      following table provides the names and addresses of each person known to us
      to
      own more than 5% of our outstanding common stock as of March 2, 2007, and by
      the
      officers and directors, individually and as a group. Except as otherwise
      indicated, all shares are owned directly.




**Title
                of Class**
            **Name
                and Address**
              **of
                Beneficial Owner**
            **Amount
                and Nature**
              **of
                Beneficial Owner**
            **Percent**
              **of
                Class**Common
                Stock
            Richard
                Carrigan
              7695
                Desperado St.
              Las
                Vegas Nevada 89131
            1,005,000
            71.79%Common
                Stock
            Shahin
                Shadmer
              233
                Wilshire Blvd.
              Suite
                960
              Santa
                Monica, CA 90401
            0
            0%Common
                Stock
            All
                executive officers
              and
                directors as a group
            0
            0%




The
      percent of class is based on 1,400,000 shares of common stock issued and
      outstanding as of March 2, 2007.












**Item
        12. **Certain
        Relationships and Related
        Transactions.****




Mr.
      Richard Carrigan has been providing a loan to us for working capital in the
      form
      of an unsecured demand note. During the year ended December 31, the loan was
      reclassified as partners’ capital per the desire of Mr. Richard Carrigan,
      majority unit holder of the subsidiary, Grant LLC.. By partner’s capital, we
      mean that at the time of the reclassification, the subsidiary was accounted
      for
      tax purposes as a partnership.  The note was an informal note without terms
      for the amount of $38,359. From time to time the majority partner, Mr. Richard
      Carrigan, loans working capital to the subsidiary.





A
      primary
      shareholder, Mr. Richard Carrigan has previously loaned Grant Enterprises,
      LLC,
      working capital in the form of a loan. The nature of these transactions is
      an
      informal agreement with the founder and primary shareholder of the Company,
      Mr.
      Richard Carrigan. These amounts are used for working capital when the Company
      has shortfalls in cash flows. The transactions occur when the shareholder places
      Company expenses on his credit card and the company later reimburses the
      shareholder for these expenses. From time to time the Company pays cash to
      the
      shareholder in excess of the amounts owed upon which the Company records these
      amounts as related party advances. At December 31, 2005 and 2004 the Company
      has
      related party advances $2979 and $0, respectively. At March 2, 2007 the Company
      had related party advances of $ 0.




At
      the
      company’s inception, the Company had a payable to this shareholder, Mr. Richard
      Carrigan in the amount of $38,359 which was the largest balance to date. This
      payable had no terms. Mr. Carrigan’s intention was to convert this payable to
      capital so that the consolidated Company would start out with no
      liabilities.







**Item
                13.**
            **Exhibits.**




**Exhibit No.**
            
            **Title
                of Document**
            
            **Location**3.1
            
            Articles
                of Incorporation
            
            Incorporated
                by reference to Form SB-2 filed on August 5, 20053.2
            
            Bylaws
            
            Incorporated
                by reference to Form SB-2 filed on August 5, 200531.1
            
            Certification
                of Chief Executive Officer Pursuant to Rule 13a-14(a) of the
                Securities Exchange Act of 1934
            
            Filed
                herewith32.1
            
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
            
            Filed
                herewith







**Item
        14. **Principal
        Accounting Fees and Services.****




**Audit
      Fees**




For
        our fiscal year
        ended December 31, 2006, we were billed approximately $6,500 for professional
        services rendered for the audit and reviews of our financial statements.
        For our
        fiscal year ended December 31, 2005, we were billed approximately $6,500
        for
        professional services rendered for the audit and reviews of our financial
        statements.




**Tax
      Fees**




For
      our
      fiscal years ended December 31, 2006 and 2005, we were not billed for
      professional services rendered for tax compliance, tax advice, and tax
      planning.




**All
      Other Fees**




The
      Company did not incur any other fees related to services rendered by our
      principal accountant for the fiscal years ended December 31, 2006 and
      2005.








**SIGNATURES**




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




By:
            */s/
                Shahin Shadmer*SHAHIN
                SHADMERPresident;
              Chief
                Executive Officer;
              Chief
                Financial Officer;
              Principal
                Accounting Officer; and
              Chairman
                of the Board of Directors




In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.





**Name**
            
            **Title**
            
            **Date***/s/**Shahin
                Shadmer*
            
            President,
                Chief Executive Officer,
            
            March
                2, 2007SHAHIN
                SHADMER
            
            Chief
                Financial Officer