UNITED STATES SECURITIES EXCHANGE COMMISSION
                         WASHINGTON, D.C.  20549

                              FORM 10-KSB

[X] ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
    EXCHANGE ACT OF 1934

                       FOR FISCAL YEAR ENDED:  September 30, 2005

                       COMMISSION FILE NO.:   000-49955

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
    EXCHANGE ACT OF 1934

                       FOR THE TRANSITION PERIOD FROM _____ TO _____

                         CIMBIX  CORPORATION
          -------------------------------------------------
           (Name of small business issuer in its charter)

            Washington                            91-2060082
-----------------------------------    -----------------------------
(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)               Identification No.)

#134, 9663 Santa Monica Blvd,
Beverly Hills, California                         90210
-----------------------------------------    -----------------------
(Address of principle executive offices)        ( Zip Code)

Issuer's telephone number:  (310) 435 - 0435
                          -----------------------

Securities registered under Section 12(b) of the Exchange Act:  None
Securities registered under Section 12(g) of the Exchange Act:

         Common Stock, $0.0001 par value
         ------------------------------------
          (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 [ ]

Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not 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.   [ ]

Issuer's revenues for its most recent fiscal year was $ NIL

The aggregate market value of the voting common stock held by non-
affiliates of the Registrant as of September 30, 2005 was
approximately $10,615,718 dollars.

State the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:

48,669,372 shares of $0.0001 par value common stock
outstanding as of September 30, 2005.

Transitional Small Business Disclosure Format (check one):
                                                    Yes [ ] No [ x ]

<PAGE>

PART 1

Certain statements contained in this Form 10-KSB constitutes "forward-
looking statements" within the meaning of Section 27A of the
Securities Act of 1933,as amended (the "Securities Act"), and Section
21E of the Exchange Act. These statements, identified by words such
as "plan", "anticipate," "believe," "estimate," "should," "expect"
and similar expressions, include our expectations and objectives
regarding our future financial position, operating results and
business strategy. These statements reflect the current views of
management with respect to future events and are subject to risks,
uncertainties and other factors that may cause our actual results,
performance or achievements, or industry results, to be materially
different from those described in the forward-looking statements.
Such risks and uncertainties include those set forth under the
captions "Description of Business", "Management's Discussion and
Analysis or Plan of Operation" and elsewhere in this Form 10-KSB. We
do not intend to update the forward-looking information to reflect
actual results or changes in the factors affecting such forward-
looking information.

ITEM 1.  DESCRIPTION OF BUSINESS

OVERVIEW

Cimbix Corporation ("Cimbix," the "Company," "us," or "we") was
incorporated under the laws of the State of Washington on August 17,
2000 and has been a reporting issuer with the United States
Securities and Exchange Commission (the "SEC") since November 2000.
On August 26, 2003, the Company changed its name from Corporate
Development and Innovation, Inc. to Cimbix Corporation.  Cimbix
received approval from the NASD to begin trading on the OTC
Bulletin Board in January 2004 under the symbol "CMBX."  As part of
our restructuring and reorganization plans, we completed a 1:200
reverse stock split on October 8, 2004.  The Company now trades under
the ticker symbol "CBXC."

The effect of the stock split has been recognized in all share and per
share data in the accompanying consolidated financial statements and
notes to the financial statements.

The Company's business is still in its early developmental and
promotional stages and to date, the Company's primary activities
have involved significant re-structuring and re-organization. The
Company sold its wholly owned subsidiaries, Millennium Business
Group (USA) Inc. ("MBG USA") and Advanced Dental Technologies Inc.
("ADT") to The Triple 8 Holding Trust ("Triple 8"). Since then, the
Company entered into an exclusive world-wide licensing agreement with
On4 Communications, Inc. ("On4"), formerly Petsmobility Networks
(Canada) Inc., to market and distribute the PetsCell technology and the
"PetsMobility" brand products and services.

As of January 30, 2006, On4 and the Company re-negotiated the license
agreement. The original license agreement was rescinded and the parties
entered into an Asset Purchase Agreement pursuant to which the Company
purchased the intellectual property rights relating to four established
Web sites that promote the PetsMobility products and we retained the non-
exclusive worldwide right to market and distribute the PetsCell and the
PetsMobility brand products. The purchase price for the assets acquired
from On4 was $300,000 and consisted of $50,000 cash previously paid to
On4 and 1,923,077 shares of the Company's common stock.

From the Company's inception until approximately March
2003, the Company was engaged solely in the market development and
sale of vitamins, minerals, nutritional supplements, and other health
and fitness products over the internet. The three-year license agreement
with Vitamineralherb.com expired and the Company did not renew the
agreement.

In March 2003, the Company acquired 100% of the shares of MBG USA,
which owned four U.S. patents, all in the area of dental implant abutment
components, devices and techniques. In February 2004, the Company
incorporated ADT as a wholly owned subsidiary in the State of Nevada
and transferred all the intellectual property of MBG USA to ADT.

On March 31, 2005, the Company sold all the shares of MBG USA and
ADT to The Triple 8 Holding Trust as disclosed in a report on
Form 8-K filed with the SEC on April 7, 2005 for $100.

On May 20, 2005, the Company entered into a letter of intent with
On4 to enter into a license agreement whereby the Company would receive
a worldwide license to market and distribute the "PetsCell" technology
and the "PetsMobility" brand products to the pet industry.

On June 16, 2005, the Company entered into an exclusive worldwide
license agreement with On4.  The license agreement provided for a term
of 10 years with an option to renew for an additional 10 years. The
terms and conditions of the license agreement required a 5% royalty on
product sales payable to On4. The license granted was contingent upon
On4 receiving a $1,000,000 license fee to be paid in installments by
December 16, 2005. On4 also reserved the right to request shares in lieu
of cash for the payment of the license fee. On December 2, 2005, On4
elected to take the remaining balance of the license fee ($950,000) in
4,750,000 Cimbix shares to finalize the obligation for the worldwide
marketing and distribution rights of the PetsCell technology and the
"PetsMobility" brand products and services.

In September 2005, the Company incorporated a wholly owned subsidiary
in the State of Nevada, Petsmobility Inc., to conduct the PetsCell
technology and the PetsMobility brand business.

On January 30, 2006, On4 and Cimbix agreed to rescind the license
agreement dated June 16, 2005.  Instead, a new Asset Purchase Agreement
was entered into whereby the Company acquired certain assets from On4,
including the intellectual property rights to four developed Web sites
relating to the PetsMobility brand, while retaining a non-exclusive
right to market and distribute the PetsCell and PetsMobility brand
products and services through the PetsMo website. The Company's wholly
owned subsidiary, Petsmobility Inc., is required to pay to On4 a
royalty equal to 20% of the net profits of Petsmobility, Inc.  An
additional provision of the rescission agreement requires Petsmobility,
Inc. to changes its name to PetsMo, Inc. as soon as practicable.
Hereinafter, references to the "us," "we," "our," "Cimbix" or the
"Company" include Cimbix Corporation and Petsmobility, Inc.


BUSINESS

The primary focus of our business is the manufacturing, licensing and
distributing of proprietary and non-proprietary pet-related products.
In addition to retaining a non-exclusive right to distribute the
PetsCell on our online Web platform, we will utilize our PetsMo
digital media platform to stream pet-related content via the Internet
to computers and handsets.

The secondary focus of our business is to utilize the functionality of
the PetsMo Website to develop interactive customer databases and
mailing lists and allow non-pet related companies access to this well
defined consumer segment. This cross collaborative market segmentation
approach makes sense as it allows for industry partners to cross-
pollinate within and amongst their respective customer bases and to
take advantage of economies of scales potentially reducing related
marketing and advertising costs related to customer acquisition.

We believe this approach will be successful for a number of reasons.
The market penetration for cell phone users is beginning to reach a
saturation point. Cellular carriers are looking to sell greater numbers
of higher margin products and services to subscribers. The streaming of
digital consumer specific infotainment to well defined segments
satisfies this requirement and the pet industry is a very well defined
and loyal consumer segment.

Our goal is to build a vertical portal as a one-stop shop for all the
needs of pets and their owners. Our goal is not only to provide a
directory of pet-related information on the Internet, but to create a
business that provides pet owners with advice on animal health,
behavior, and nutrition. Our Web site will sell products and services,
incorporate links to information in the pet industry and a place where
pet owners can exchange messages about their pets and pet care with
other pet owners.

We are currently developing other consumer products and services to
augment our existing framework of the four Web sites we acquired from
On4: www.petsmo.com, www.petsmokids.com, www.petsmohealth.com, and
www.petsmoawards.com.

The PetsMo Web site has full e-commerce capabilities along with video
streaming.  The content for video streaming will be comprised of
animated, non-animated, and a variety of other pet related content.
The PetsMo Web site is the center for all needs required by pet owners
who want to know more about their pets, including information about
their pet and other breeds. It also provides pet listings, places to
take your pets, reviews, articles, ratings, directory, cartoons and
more.  The site is also a discussion forum where owners may share
their experiences with others, meet friends, chat and learn news
about pets from all over the world.

The PetsMo Web site is also designed so members can interact with
other pet product sponsors by providing links to other related Web
sites and advertising by other companies in the pet industry.  This
provides us with opportunities for additional revenue streams. The
portal has a venue for its members to have direct access to top-
quality customer service.

Within PetsMo, there is also an interactive community for children
called the "PetsMo Kids." The interactive Web site, www.petsmokids.com,
is comprised of games, jokes, coloring, cartoons, songs, and videos to
keep pet-loving children pre-occupied and amused.  In addition, this
site provides education, learning and awareness of pets to children.

LIFE'S RUFF

An example of pet related content suitable for streaming handsets such
as handheld devices, cellular phones or laptops through a wireless
format is the Life's Ruff cartoon series that is also currently
available on the PetsMo Web site.  It is a pet based, situational-
specific humor with one of the central characters being "Doodle" the
dog and will be formatted such that it can be streamed to handheld
devices or through the PetsMo Web site. The Company will also look to
develop proprietary content as well as source non-proprietary content.
There is also be ancillary related products in both soft goods and
licensed merchandised that can be purchased through the Web site.


PETSCELL

One of the consumer products that will be available on the website will
be the PetsCell. The PetsCell is a waterproof, voice-enabled GPS
cellular phone that is incorporated into a collar worn by dogs and cats.
This technology allows pet owners to place a telephone call from
anywhere in the world to their pet, bonding with their pet to alleviate
the pet's or the owner's anxiety or to be able to locate their pet in
the event that their pet should become lost.  The PetsCell is
approximately 5 cm wide, 2.5 cm thick, and 9.5 cm long.

Some of the key features of the PetsCell include a rugged, water-proof
design that is durable for pets and the environment in which they play
and live; a two-way communication device with a built in speaker phone
and microphone; three programmable, auto dial call buttons to allow a
person to press a button to notify the owner that their pet is lost or
to notify the call center in case of an emergency or other such
designated button; a GPS locator to track the whereabouts of the pet at
all times via the Internet from anywhere in the world; a USB port that
allow ancillary attachments; an ambient temperature sensor; and an
incoming number protection.  It also has the capabilities for the
programming of a "geo-fencing" and "bread crumbing" in real time
tracking such that if the pet strays outside of a predetermined area,
the owner will be notified via a call to their land line, cell phone or
text message and it can trace the places where their pet have been.

A geo-fence is a virtual, custom electronic fence around a set of moving
objects that can be used to signal an alert when the moving objects has
crossed or has gone out of the predetermined fenced boundaries. Geo-
fences can vary from a simple circumference around an address or facility,
to more complex areas such as a particular zip code or route.  Bread
crumbing, on the other hand, is the ability to capture GPS information
throughout the day to view the latest positional information of your pet
from start to stop times, routes, travel paths and the progress movements
of your pet. In other words, it can show, in real time, all the places
where your pet has gone throughout the day.

The PetsCell is expected to be available in the market by summer of 2006.


COMPETITION

We believe at this time that there is no other company offering a portal
as functional or integrated, or communication devices or similar products
to PetsMo and the PetsCell's products in the pet industry, although On4
has the right to appoint other distributors for their products. We have
received interest from many service providers and manufacturers as they
seek additional revenue sources in the already multi-billion dollar
cellular industry.  The patent pending PetsCell is a one of a kind device
and has been written up in some of the world's most prestigious business
publications including "The Economist," "Forbes," "The Wall Street
Journal," and the "New York Times."  There have also been many requests
from television broadcasters, radio stations, magazines and newspapers
all over the world wanting information on Petsmobility.

Because there are no known products like the PetsMo Web site, the PetsCell,
and the PetsMobility brand products, we believe that we have a competitive
advantage. Although On4 has not appointed any other distributors for the
products for which we have a non-exclusive right to market worldwide,
they have the right to do so. Therefore, we believe the Company will be
one of the first, if not the first, to market this new technology in the
pet industry. The cellular phone business has experienced a worldwide
acceptance that has proliferated in all aspects of everyday life.
Nowadays, it is hard not to find anyone without a cellular phone or not
use any type of wireless products.

In the past, the retrieval and safe return of lost pets involved a tag
bearing the owner's name, address and phone number which is affixed to
the collar. Even though this method works, it has its disadvantages.
It takes time before the owner is notified of the whereabouts of their
lost pets. Furthermore, many people, if given the choice, prefer not to
disclose to strangers their name, address and phone numbers. This
method works, but is not efficient. There are also pet collars developed
that remotely activate a visual display with a message such as "if this
pet is lost, please call ______". Again, this method works, but it takes
time before the owner is notified or realizes that the pet is lost.

Another technology that has been around for the retrieval and safe return
of lost pets is the use of micro chips. A micro chip, about the size of
a grain of rice, is implanted under the skin of your pet for
identification. Each micro chip has its own unique number that is normally
registered in your veterinarian's name, which can be re-registered in your
own name later.  Should your pet becomes lost and is scanned, the scanner
will indicate the manufacture and registered micro chip number and contact
information for recovery. This alternative, although available, is not
very successful because very few shelters and veterinarians own a scanner
and many pet agencies and veterinarians are disinterested in using this
type of technology.

The design of PetsMobility's products attempts to deliver the utmost
superior network in terms of coverage and technical capabilities. We
believe that this distinct advantage will achieve optimal communication
between pets and their owners. On4 plans to develop a GSM version of the
PetsCell for the overseas market.

MARKET ANALYSIS AND STRATEGY

We believe that the pet industry is enormous and the business that we are
undertaking can be profitable.  In the United States, there are over 65
million dogs and 77 million cats.  On the average, pets are found in at
least one out of three households. Current estimates predict that pet
and pet related expenditures in 2004 to exceed $34.3 billion in the
United States alone and estimated to $36.4 billion by the end of 2005.
A survey conducted by the American Pet Product Manufacturers Association
Inc. stated that an estimated 83% of pet owners refer themselves as
"Mommy" or "Daddy" when interacting with their pets.  Other owners refer
to their pets as their children, best friend or even spouse and display
their photos among the family pictures. Our objective is to capture this
prominent attitudinal purchasing driver in the pet industry.

It has been estimated that 31 million dog owners and 39 million cat
owners purchase Christmas presents for their pets. Pet owners who spare
no expense to please their pets, purchase "must have" luxury items to
spoil their companion animals. Some luxury items in the market today
include faux mink coats, rain gear, cold weather outerwear, feathered
French day beds, designer's clothing, botanical fragrances, expensive
jewelry, expensive gourmet pet food and delicacies, luxurious grooming
and pet spas, pet hotels rather than kennels, pet cafes and restaurants,
mouthwash, electric tooth brushes, pedicures, pet insurance and pet
emporiums.  Many companies are capitalizing on this market.  The pet
industry is huge and is growing.

We believe that our current business model will capture sales and
create profit in new ways by adding value to our customers with new
products and services as well as providing additional services and
information at lower costs than traditional means. Our virtual community
provides the link for people wishing to communicate with others about
pet-related interests.  Revenue for our operation will most likely come
from providing ways for corporate clients to target customers, which
may be in the form of banner ads and other advertising.  Our Web portal
will attempt to provide an initial point of entry to the pet industry.
Our portal will provide a medium through which pet lovers can interact
with other like-minded people, at their convenience and to find
information on their own.


DEVELOPMENTS AND CONTEMPLATED ACTIVITIES

We currently have minimal cash reserves and a significant working
capital deficit.   Accordingly, our ability to pursue our plan of
operations is contingent on our being able to obtain funding for the
development and commercialization of our products and services.  We
intend to commence an offering in the form of equity financing from
the sale of our common stock in the principal amount of up to
$1,000,000 to persons who are "accredited investors" in private
placement transactions.  There is no assurance we will be able to
raise any funds through this offering.

Management plans, as soon as finances permit, to hire
management advisors for its US-based operations especially in the
areas of finance, sales, marketing and investor/public relations.
Cimbix may also choose to outsource some of its marketing requirements
by utilizing a series of independent contractors based on the projected
size of the market and the compensation necessary to retain qualified
employees.

SUBSIDIARIES

In March 2005, the Company sold MBG USA and ADT to The Triple 8 Holding
Trust. See "Overview" above.

In September 2005, the Company incorporated Petsmobility Inc. in the
State of Nevada as its wholly owned subsidiary to conduct the Company's
PetsCell and PetsMobility brand business. Pursuant to the new Asset
Purchase Agreement, in February 2006, the subsidiary changed its name
from Petsmobility Inc. to Petsmo Inc. ("Petsmo").  The change of name
will better reflect the new business that the subsidiary will operate.

PATENTS AND TRADEMARKS

As of September 30, 2005, we do not hold any patents or trademarks. As
of January 30, 2006, we acquired the intellectual property, including
copyrights and trademarks, of "PetsMo."  On4 has applied for patents
and trademarks relating to the PetsCell technology and the PetsMobility
brand products, for which we have a non-exclusive right to market and
distribute.  On4 will attempt to protect the patents and proprietary
technologies held by them in as many countries in the world as
economically feasible.

We will require our employees, consultants, advisers, and suppliers
to execute a confidentiality agreement upon the commencement of
employment or consulting relationship with us. These agreements will
provide that all confidential information developed by or made
known to the individual during the course of the relationship will
be kept confidential and not disclosed to third parties except in
specified circumstances. In the case of employees, the agreements will
provide that all inventions conceived by the individual will be the
exclusive property of Cimbix. There is no assurance, however,
that these agreements will provide meaningful protection for our
trade secrets in the event of an unauthorized use or disclosure of
such information.

RESEARCH AND DEVELOPMENT EXPENDITURES

We have plans to focus on our research and development activities to
verify the viability and marketability underlying our distribution
rights from On4 and to develop other products and services to augment
our existing products and services.

ITEM 2.  DESCRIPTION OF PROPERTY

Cimbix's Head offices are located at #134, 9663 Santa Monica Blvd,
Beverly Hills, California, 90210.  The Company's phone number is
310-435-0435. The Company maintains a business office in Vancouver,
B.C., Canada, located at Suite 733, 141-6200 McKay Avenue, Burnaby,
British Columbia, Canada V5H 4H9. PetsMo, Inc. temporarily maintains
an office at #135, 11300 No. 5 Road, Richmond, British Columbia.


ITEM 3.  LEGAL PROCEEDINGS

To the knowledge of the board of directors of Cimbix, the Company is
not currently party to any legal proceeding or litigation.

ITEM 4.  SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

On July 8, 2005, the Company filed an Information Statement to inform
the holders of Cimbix Corporation that our board of directors and the
holders of approximately 75% of our voting stock have approved an
amendment to our Articles of Incorporation to: (a) change the Company's
name from Cimbix Corporation to PetsMobility Inc.; (b) to increase the
authorized capital of the Company from 100,000,000 common shares to
200,000,000 common shares; (c) to amend Article IX of the Articles of
Incorporation to permit action taken by written consent of a majority
of shareholders entitled to vote on the action; and (d) to amend
Section 2.14 of the Company's Bylaws to permit any action that may be
or is required to be taken at a meeting of the shareholders to be taken
without a meeting by written consent of a majority of shareholders
entitled to vote with respect to the matter.  As at September 30, 2005
and to the date of this report, the Company has not pursued but rather,
aborted its actions with respect to the Information Statement; it
intends to convene a shareholders meeting to consider some, if not all,
of the proposals set forth in the Information Statement.

The reason for the amendments to the Articles of Incorporation and the
bylaws was to correct an inconsistency between the two documents related
to shareholder approval of actions without a meeting.

The Company's Articles of Incorporation (the "Articles"), as provided
by the attorney who advised the Company in connection with its
incorporation, require a shareholders meeting unless (i) the action is
taken by written consent of all shareholders entitled to vote if the
Company is a public company, or (ii) so long as the Company is not a
public company, the action may be taken by written consent of
shareholders representing in the aggregate the minimum number of votes
necessary to take the action if all shares entitled to vote were
present and voted.

Section 2.14 of the Bylaws, as provided by the Company's incorporating
legal counsel provides for shareholder action without a meeting if (i)
the action is taken by written consent of all shareholders entitled to
vote or (ii) the action is taken by written consent of shareholders
representing in the aggregate the minimum number of votes necessary to
take the action if all shares entitled to vote were present and voted.
However, Article 9.1(b) of the Articles of Incorporation provides that
if the Company is a public company, a proposed action must be approved
by all of the shareholders entitled to vote on such action.

On or about August 8, 2005, the Company received a comment letter on its
Preliminary Information Statement raising questions about the requirement
for approval of actions by the vote of the shareholders by either
convening a shareholders meeting or having such action be approved
unanimously without a meeting.  As noted earlier, the Preliminary
Information Statement indicated that the action was approved by 75% of
the shareholders in satisfaction of the Bylaws, but the Articles of
Incorporation require unanimous written consent when action is taken by
shareholders without a meeting.

In furtherance of the Company's plan to correct the inconsistency
between the Articles of Incorporation and the Bylaws relating to
shareholder approval of actions without a meeting, the Company
inappropriately filed on July 27, 2005 an amendment with the State of
Washington to amend Article 9.1(b) of the Articles of Incorporation to
provide that the Company's shareholders, even as a public company,
could a approve an action by shareholders holding a majority of the
shares rather than by all of the shareholders entitled to vote on such
action.  Because the Amendment to the Articles of Incorporation was
filed before the filing of a Definitive Information Statement approved
by the Securities and Exchange Commission, the action to file the
amendment was inappropriate.  Consequently, on September 7, 2005, the
Company filed Articles of Correction with the Secretary of State of
Washington withdrawing the inappropriately filed Amendment to the
Articles of Incorporation and thereby returned the Company's Articles
of Incorporation to the condition they were in prior to the shareholder
action on such amendment.

PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED
               SHAREHOLDER MATTERS

"Bid" and "asked" offers for the common stock are listed on the NASD
OTC-Bulletin Board published by the National Quotation Bureau, Inc.
The trading symbol for the common stock was "CMBX" and was changed
to "CBXC" in connection with the Company's reverse stock split in
October 2004.  Prior to January 2004, there was no trading market for
the Company's common stock.

The following table sets forth the high and low bid prices for the
Company's common  stock  for  the  periods  indicated as reported by
the NASD OTC-Bulletin  Board.  The quotations reflect inter-dealer
prices, without retail mark-up, mark-down or commission and may not
represent actual transactions.

<TABLE>
<CAPTION>


                                      Bid Prices
Quarter Ended                      High      Low
------------------                 -----    -----
<S>                               <C>       <C>

September 30, 2005*                  2.00     0.25
June 30, 2005*                       0.26     0.04
March 31, 2005*                      0.13     0.01
December 31, 2004*                  25.00     0.01

September 30, 2004                   0.60     0.02
June 30, 2004                        0.60     0.40
March 31, 2004                       0.00     0.00
December 31, 2003                    0.00     0.00

</TABLE>

* The high and low

There were approximately 115 holders of record of the common stock
as of February 13, 2006.  The Company believes that since its forward
stock dividend, an undefined number of shares of its common stock are
held in either nominee name or street name brokerage accounts.
Consequently, the Company is unable to determine the exact number of
beneficial owners of its common stock.

The Company has never paid a cash dividend on its common stock
and does not anticipate the payment of a cash dividend in the
foreseeable future. The Company intends to reinvest in its business
operations any funds that could be used to pay a cash dividend.

The Company's common stock is considered a "penny stock" as defined in
certain rules (the  "Rules") under the Securities Exchange Act of
1934. In general, a security which is not quoted on NASD or has a
market price of less than $5 per share where the issuer does not
have in excess of $2,000,000 in net tangible assets (none of which
conditions the Company meets) is considered a penny stock.  The SEC's
rules regarding penny stocks impose additional sales practice
requirements on broker-dealers who sell such securities to persons
other than established customers and accredited investors (generally
persons with net worth in excess of $1,000,000 or an annual income
exceeding $200,000 or $300,000 jointly with their spouse). For
transactions covered by the rules, the broker-dealer must make a
special suitability determination for the purchaser and receive the
purchaser's written agreement to the transaction prior to the sale.
Thus the Rules affect the ability of broker-dealers to sell the
Company's shares should they wish to do so because of the adverse
effect that the Rules have upon liquidity of penny stocks. Unless
the transaction is exempt under the Rules, under the Securities
Enforcement Remedies and Penny Stock Reform Act of 1990, broker-
dealers effecting customer transactions in penny stocks are required
to provide their customers with (i) a risk disclosure document; (ii)
disclosure of current bid and ask quotations if any; (iii) disclosure
of the compensation of the broker-dealer and its sales personnel in the
transaction; and (iv) monthly account statements showing the market
value of each penny stock held in the customer's account. As a result
of the penny stock rules the market liquidity for the Company's
securities may be severely adversely affected by limiting the ability
of broker-dealers to sell the Company's securities and the ability of
purchasers of the securities to resell them.

The Company declared a stock dividend on July 19, 2005, whereby each
one share of common stock held by the holder received an additional
three common shares of the Company.

As at September 30, 2005, the Company has 48,669,372 issued and
outstanding common shares of its stock.

RECENT SALES OF UNREGISTERED SECURITIES

Common Stock

In February 2005, the Company issued 9,000,000 shares of its common
stock, $.0001 par value per share which were not registered under
the Act in consideration for $90,000 pursuant to a private placement.
The Company claims an exemption from registration pursuant to Section
4(2) of the Act.  Set forth below are the participants of the private
placement (pre-split).

<table>
Name                             Amount           No. of Shares

                              <c>              <c>
Jeff N. Sill                     $ 7,000             700,000
Bryan Willard                      7,000             700,000
Chelsea Peters                     7,000             700,000
Xess Entertainment Group Inc.      7,000             700,000
Tom Newton                         7,000             700,000
Philip Fraser                      7,000             700,000
Graeme Magee                       7,000             700,000
Todd Martin                        7,000             700,000
Dawana Taylor                      7,000             700,000
Daniel Zybutz                      7,000             700,000
Yu Moy Siu                         6,000             600,000
Robert Rosner*                     7,000             700,000
Donald Walker*                     7,000             700,000
                                  -------          --------
                                 $90,000           9,000,000
</table>

* Robert Rosner is the Company's President, CEO and director.
Donald Walker is the former President, former CEO and former
director of the Company.

In June 2005, the Company issued 610,000 shares of its common
stock, $.0001 par value per share which were not registered under
the Act in consideration for $122,000 pursuant to a private placement.
The Company claims an exemption from registration pursuant to Section
4(2) of the Act. Set forth below are the participants of the private
placement (pre-split).

<table>
Name                             Amount           No. of Shares

                              <c>              <c>
Thomas Bernardo                  $ 100,000             500,000
Michelle Sargent                    22,000             110,000
                                 ---------           ----------
                                 $ 122,000             610,000

</table>


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of the financial condition and results of
operations of the Company should be read in conjunction with the
financial statements and the related notes thereto included elsewhere
in this annual report for the year ended September 30, 2005. This
annual report contains certain forward-looking statements and the
Company's future operating results could differ materially from those
discussed herein. Certain statements contained in this Report,
including, without limitation, statements containing the words
"believes," "anticipates," "expects" and the like, constitute
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such forward-
looking statements. Given these uncertainties, readers are cautioned
not to place undue reliance on such forward-looking statements. The
Company disclaims any obligation to update any such factors or to
announce publicly the results of any revisions of the forward-looking
statements contained or incorporated by reference herein to reflect
future events or developments.

The Company's future results of operation will be highly dependent upon
the success of its efforts to sell the PetsMo products and services,
which include the PetsCell and the PetsMobility brand products.  The
Company anticipates that sales and services and advertising fees
generated by these products and services will constitute the majority
of its revenue. The Company plans to sell its products and services
to end-users and also through multiple indirect channels, such as
resellers. The marketing and sales of products and services are highly
dependent upon the delivery of marketing information, inventory and
consulting services from On4.

PLAN OF OPERATION

We have hired consultants to address the viability, research,
development and market of our then, exclusive worldwide license
agreement with On4.  Our objective was to exploit our license
agreement through product development for sales and sub-licensing
of our license to earn royalty revenue streams. Since the license
agreement was mutually rescinded and a new asset purchase agreement
was entered into, we will need to re-organize the Company's
initiatives.  The results of our marketability, research and
development reports and analysis will be used to help the Company
in its future strategic business planning as well as to help support
some of On4's ongoing initiatives.

To achieve our new operational plan, we will need to raise substantial
additional capital for our operations through the sale of equity
securities.  We have no cash to fund our operations at this time, so
we plan to offer common stock in private placements during the next
twelve months to raise minimum proceeds of $1,000,000.  We believe the
proceeds from such private placements will enable us to expand our
operations, buy inventory and start our marketing campaign.  If we are
able to raise the additional funding of $1,000,000 in private
placement transactions over the next twelve months to cover our
minimum cash requirements to persons who are "accredited investors",
it would be allocated as follows:

$500,000 to purchase start-up inventory
$250,000 to hire additional managers and staff in the sales,
         marketing, Web development and investor relations
         departments for our US offices.
$ 75,000 for market research and feasibility
$ 75,000 for outsourced advertising, graphic artwork and printing of
         marketing materials.
$ 50,000 for operational infrastructure costs including rent,
         communications, consumable supplies and travel.
$ 50,000 for professional services and filing requirements.

Due to the "start up" nature of the Company's business, the Company
expects to incur losses as the Company conducts its ongoing research,
product and systems development programs.  We will require additional
funding to continue our research, product and systems development
programs, for operating expenses, for marketing expenses, to pursue
regulatory approvals for our products, for any possible acquisitions
or new technologies, and we may require additional funding to establish
manufacturing capabilities in the future.  We may seek to access the
public or private equity markets whenever conditions are favorable.
We may also seek additional funding through strategic alliances or
collaborate with others. We cannot assure you that adequate funding
will be available on terms acceptable to us, if at all. Because we are
presently in the early stages of development and promotional stages
of our business and we can provide no assurance that we will be
successful with our efforts to establish any revenue.  In order to
pursue our existing operational plan, we are dependent upon the
continuing financial support of creditors and stockholders until such
time when we are successful in raising equity capital to finance the
operations and capital requirements of the Company or until such time
that we can generate our own revenue from our various divisions.

LIQUIDITY AND CAPITAL RESOURCES

The Company remains in the development stage and since inception.
Operations were financed through proceeds from the issuance of equity
and loans from directors.  Proceeds of $212,000 were raised during
the period pursuant to private placements as disclosed elsewhere in
this report. The directors have also advanced funds into the Company
to cover cash flow deficiencies of $45,832. The advances have no
stated repayment terms.  These funds were used to pay legal and
accounting expenses along with several other miscellaneous
operational infrastructure costs.

In the process of carrying out its business plan, the Company may
determine that it cannot raise sufficient capital to support any of
its business divisions on acceptable terms, or at all. The Company's
board of directors has a fiduciary duty to act in the best interests
of the corporation and its shareholders. The board of directors may
decide that it is in the best interests of the corporation and its
shareholders to liquidate the business, enter into a new line of
business or engage in a business combination with another business.

The Company is not currently a party to any contracts, letters of
intent, commitments or agreements and is not currently engaged in
active negotiations with respect to any acquisitions other than
than disclosed elsewhere in this report. Although the Company does
not presently intend to enter into a new line of business or business
combination, it reserves the right to change its mind in an attempt
to either complement or accentuate its current business initiatives.

The Company's financial statements are presented on a going concern
basis which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business.  At
September 30, 2005, we have been unsuccessful in our efforts to raise
additional capital to meet our plan of operations. Our cash position
as of September 30, 2005 was $1,206. Since inception, we have
recognized no significant revenue.  We have accumulated operating
losses of $671,648 and as of September 30, 2005 we had a working a
capital deficiency of $207,527.  At the present time, and over the
next twelve months, our primary focus will be to develop our
marketing plan, new initiatives and operational plan to establish
sales and to explore various methods for raising additional funds.

Results of operations for the year ended September 30, 2005, as
compared to the year ended September 30, 2004

Operating Expenses.   For the year ended September 30, 2005, we had
total operating expenses of $267,949 as compared to total operating
expenses of $139,282 for the twelve-month period ended September 30,
2004, an increase of $128,667. The increase in operating expenses
was partly due to stock based financial consulting fees of $95,700
for corporate, feasibility and analysis, and research and development
services, and it was also partly due to the increased professional
services rendered.

Management Fees.  For the year ended September 30, 2005, we had
management fees of $81,250 as compared to $103,750 for the twelve
month period ended September 30, 2004, a decrease of $22,500 in
management fees.

Professional Expenses. For the year ended September 30, 2005 we had
professional expenses of $30,858 as compared to $2,017 for the twelve
month period ended September 30, 2004, an increase of $28,841, due to
the increase accounting and legal counsel fees.

Net Loss. For the year ended September 30, 2005, we had a net loss of
$79,243 as compared to a net loss of $227,180 for the twelve-month
period ended September 30, 2004, an decrease of $147,937.  The Company
had a gain on disposition of MBG USA and ADT of $233,777 and a loss
from discontinued operations of MBG USA and ADT of $45,071.

NEW ACCOUNTING PRONOUNCEMENTS

In July 2001, the Financial Accounting Standards Board issued Statement
of Financial Accounting Standards No. 141, Business Combinations, and
Statement of Financial Accounting Standards No. 142, Goodwill and Other
Intangible Assets. They also issued Statement of Financial Accounting
Standards No. 143, Accounting for Obligations Associated with the
Retirement of Long-Lived Assets, and Statement of Financial Accounting
Standards No. 144, Accounting for the Impairment or Disposal of Long-
Lived Assets, in August and October 2001, respectively.

SFAS 141 requires all business combinations initiated after June 30,
2001 to be accounted for under the purchase method. SFAS 141 supersedes
APB Opinion No. 16, Business Combinations, and Statement of Financial
Accounting Standards No. 38, Accounting for Pre-acquisition
Contingencies of Purchased Enterprises, and is effective for all
business combinations initiated after June 30, 2001.

SFAS No. 142 addresses the financial accounting and reporting for
acquired goodwill and other intangible assets. Under the new rules,
the Company is no longer required to amortize goodwill and other
intangible assets with indefinite lives, but will be subject to
periodic testing for impairment. SFAS 142 supersedes APB Opinion No.
17, Intangible Assets. The Company's operational policy for the
assessment and measurement of any impairment in the value of goodwill
and intangible assets, which primarily relates to contract-based
intangibles such as license agreements and extensions, is to evaluate
annually, the recoverability and remaining life of its intangible
assets to determine the fair value of these assets.  The methodologies
to be used to estimate fair value include the use of estimates and
assumptions, including projected revenues, earnings and cash flows.
If the fair value of any of these assets is determined to be less than
its carrying value, the Company will reflect the impairment of any
such asset over its appraised value.

SFAS No. 143 establishes accounting standards for the recognition and
measurement of an asset retirement obligation and its associated asset
retirement cost. It also provides accounting guidance for legal
obligations associated with the retirement of tangible long-lived
assets. SFAS 143 is effective in fiscal years beginning after June 15,
2002, with early adoption permitted. The adoption of SFAS No. 143 is
not expected to have a material impact on the Company's financial
statements.

SFAS 144 establishes a single accounting model for the impairment or
disposal of long-lived assets, including discontinued operations. SFAS
144 superseded Statement of Financial Accounting Standards No. 121,
Accounting for the Impairment of Long-Lived Assets and for Long-Lived
Assets to Be Disposed Of (SFAS 121), and APB Opinion No. 30, Reporting
the Results of Operations--Reporting the Effects of Disposal of a
Segment of a Business, and Extraordinary, Unusual and Infrequently
Occurring Events and Transactions. The provisions of SFAS 144 are
effective in fiscal years beginning after December 15, 2001, with
early adoption permitted, and in general are to be applied
prospectively. The Company records impairment losses on long lived
assets used in operations when indicators of impairment are present
and the undiscounted cash flows estimated to be generated by those
assets are less than the asset's carrying amount. In such cases, the
amount of the impairment is determined on the relative values of the
impaired assets.

Financial Accounting Standards Board Interpretation No. 46,
Consolidation of Variable Interest Entities, an interpretation of
Accounting Research Bulletin No. 51, Financial Statements, addresses
consolidation by business enterprises of variable interest entities. It
is effective immediately for variable interest entities created after
January 31, 2003. It applies in the first fiscal year or interim period
beginning after June 15, 2003, to variable interest entities acquired
before February 1, 2003. The implementation of Interpretation No. 46
did not have a material effect on the Company's financial statements.

SFAS No. 149, Amendment of Statement 133 on Derivative Instruments and
Hedging Activities, amends and clarifies accounting for derivative
instruments under SFAS No. 133. It is effective for contracts entered
into after June 30, 2003. The impact of adoption of this statement is
not expected to be significant.

SFAS No. 150, Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity, establishes standards
for how an issuer classifies and measures certain financial instruments
with characteristics of both liability and equity. It requires that an
issuer classify a financial instrument that is within its scope as a
liability (or an asset in some circumstances). This statement is
effective for financial instruments entered into or modified after May
31, 2003, and otherwise is effective at the beginning of the first
interim period beginning after June 15, 2003. The impact of adoption
of this statement is not expected to be significant.

In December 2004, the FASB issued SFAS 153, Exchanges of Non-monetary
Assets, an amendment of APB No. 29, Accounting for Non-monetary
Transactions. SFAS 153 requires exchanges of productive assets to be
accounted for at fair value, rather than at carryover basis, unless
(1) neither the asset received nor the asset surrendered has a fair
value that is determinable within reasonable limits or (2) the
transactions lack commercial substance. SFAS 153 is effective for
non-monetary asset exchanges occurring in fiscal periods beginning
after June 15, 2005. The Company does not expect the adoption of this
standard to have a material effect on its financial position, results
of operations or cash flows.

In December 2004, the FASB issued Statement 123 (revised 2004) which
is a revision of FASB Statement No. 123, Accounting for Stock-Based
Compensation.  This Statement supersedes APB Opinion No. 25, Accounting
for Stock Issued to Employees, and its related implementation guidance.
This Statement establishes standards for the accounting for transactions
in which an entity exchanges its equity instruments for goods or
services. It also addresses transactions in which an entity incurs
liabilities in exchange for goods or services that are based on the fair
value of the entity's equity instruments or that may be settled by the
issuance of those equity instruments. This Statement focuses primarily
on accounting for transactions in which an entity obtains services in
share-based payment transactions. This Statement requires a public
entity to measure the cost of 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). The adoption of FASB No. 123(R), will not have a
material impact on the Company's financial statements.

RISK FACTORS

We have sought to identify what we believe to be the most significant
risks to our business.  However, we cannot predict whether, or to what
extent, any of such risks may be realized nor can we guarantee that we
have identified all possible risks that might arise.  Investing in our
common stock involves a high degree of risk.  You should carefully
consider the risks and uncertainties described below before you
purchase any of our common stock.  These risks and uncertainties are
not the only ones we face.  Unknown additional risks and uncertainties,
or ones that we currently consider immaterial, may also adversely
affect our business operations.  If any of the risks or uncertainties
actually occurs, our business, financial condition or results of
operations could be materially adversely affected.  In this event
occurs, you could lose all or part of your investment.

Dependence upon external financing

It is imperative that we raise additional capital to complete our
operational plan to promote and commercialize our newly acquired
business combinations and activities. We will also require funds to
sustain our business operations if we are not successful in earning
revenues from our various divisions. We estimate that we would require
additional funding of $1,000,000 to pursue our business strategy. If
we are unable to obtain equity financing upon terms that our management
deems sufficiently favorable, or at all, it would have a material
adverse impact upon our ability to expand our current operational plan.
Any sale of share capital will result in dilution to existing
shareholders.

To date, we have not generated any revenues from operations.  The
success of our business depends on us receiving inventory and
advertising materials from our licensor, On4.  The exact amount of our
current and future capital requirements will depend on numerous factors,
some of which are not within our control, including the progress of our
research and development efforts, the costs of testing and manufacturing
products, and changes in governmental regulation.  Our ability to raise
additional financing depends on many factors beyond our control,
including the state of capital markets, the market price of our common
stock and the development or prospects for development of competitive
technology by others.  The necessary additional financing may not be
available to us or may be available only on terms that would result in
further dilution to the current owners of our Common Stock. If we are
unable to raise additional funds when we need them, we may have to
curtail or discontinue our operations, in which case you could lose the
entire amount of you investment in the Company.

We are in our early stages of development and face a risk of business
failure.

We are in our early stages of development. We have no way to evaluate
the likelihood that we will be able to operate the business
successfully. The likelihood of success must be considered in light of
the problems, expenses, difficulties, complications and delays
encountered in connection with the technology industry. We recognize
that if we are unable to generate significant revenues from our various
divisions, we will not be able to earn profits or continue
operations. There is only a limited history upon which to base any
assumption as to the likelihood that we will prove successful, and we
can provide investors with no assurance that we will generate any
additional operating revenues or ever achieve profitable operations
from our current business initiatives. If we are unsuccessful in
addressing these risks, our business will most likely fail.

There is substantial doubt as to our ability to continue as a going
concern

Our financial results for the twelve-month fiscal year ending September
30, 2005 show substantial losses. The accompanying financial statements
have been prepared in conformity with the generally accepted accounting
principles in the United States of American which contemplates the
Company as a going concern. The Company has sought out additional
investment to raise additional funds. However, there are no assurances
that the Company will continue as a going concern without the successful
completion of additional funding.  The accompanying consolidated
financial statements do not include any adjustments that might be
necessary if the Company is unable to continue as a going concern.

Our independent auditors, Amisano Hanson, Chartered Accountants, have
expressed substantial doubt about our ability to continue as a going
concern given our recurring losses from operations and net stockholder's
deficit.  This opinion could materially limit our ability to raise
additional funds by issuing new debt or equity securities or otherwise.

Dependence on key management and personnel

Our success is highly dependent upon the continued services of Mr.
Robert Rosner, our President, and our management support from On4. If
he was to leave us or if On4 decides not to continue its support, this
could have a materially adverse effect upon our business and operations.
We anticipate entering into employment contract with Mr. Rosner, but
can provide no assurance that we will come to terms for such employment
agreement.  The Company currently has a management contract with On4 to
support the operations of our web portal business.

Our business also requires additional staff in all areas to success-
fully bring our products to market. Our success depends on our
ability to attract and retain technical and management personnel with
expertise and experience in the pet and technology industry.  If we
are unable to attract and retain qualified technical and management
personnel, we will suffer diminished chances of future success.

The wireless industry is highly competitive and we may be unable to
compete effectively.

Many companies compete nationwide to provide mobile solutions to
various industries using information technology systems and
communications networks. If a competitor offers products and services
that are equal to or superior to our products and services, or offers
products and services at lower prices than we do, it may be difficult
or impossible for us to sell our products and services in sufficient
volumes to sustain operations.  We cannot assure you that market demand
will continue to grow or increase in capacity.  Our competitors may
lead to greater competition in the market, which competition would
adversely affect our ability to sell our products and services.

The technology market is moving rapidly and we may not be able to move
fast enough to market our products

The technology market is moving and changing rapidly as new technologies
are introduced and old ones are abandoned.  While we are attempting to
be the first to market the PetsCell and the Petsmobility brand products
and services for pets, we cannot assure you that rapid changes in
technology and communication networks will not make our products and
services obsolete, such that we will be unable to compete in the market.

Demand for our products and services may fail to materialize

Our growth and success will depend on our success in introducing and
selling our products.  The market for the products and services we plan
to offer is relatively new and there is little hard data to validate
market demand or predict how this demand will be segmented.  Even though
there seems to be a lot of interest in our products and services, there
could be much lower demand than believed, or interest in our products
and services could decline or die out, which could adversely affect our
ability to sustain our operations.

We may be subject to product liability or breach of contract claim if
our products do not work as promised from our licensor

The PetsCell for pets are designed to facilitate communications between
the pet owners and their pets. If the technology fails to work as
manufactured by our licensor, customers may bring claims against us.
Despite limitations on such claims, such claims can be costly and time
consuming which could have a material adverse effect on our operations,
even if we are found not to have been at fault.  We currently do not
have liability insurance and anticipate that we will seek some coverage
in the future if such coverage is available at a reasonable cost.

The web portal, www.petsmo.com, is a directory designed to facilitate
information, products and services for pet lovers to interact with
business and people from all over the world in pet related matters. If
the technology fails to work as designed, it could have a material
adverse effect on our operations.

Government Regulation

Regulation by government authorities in the United States, Canada and
foreign countries may be a factor in the development, manufacture and
marketing of our products and in our research and product development
activities. The process of obtaining these approvals and the subsequent
compliance may require time and financial resources.

Limited experience to market our products

Even if we are able to develop our products and obtain the necessary
regulatory approvals, we have limited experience or capabilities in
marketing or commercializing our products. We currently have no sales,
marketing or distribution infrastructure. Accordingly, we are dependent
on our ability to find collaborative marketing partners or contract sales
companies for commercial sale of any of our products once we receive them
from On4.  Even if we find a potential marketing partner, we may not be
able to negotiate an advertising and/or licensing contract on favorable
terms to justify our investment or achieve adequate revenues.

If there is a market for our common stock, our stock price may be
volatile

If there's a market for our common stock, we anticipate that the
market price of our common stock will be subject to wide fluctuations
in response to several factors, including:

1)   actual or anticipated variations in our results of operations;
2)   our ability or inability to generate new revenues;
3)   increased competition; and
4)   conditions and trends in the technology industry.


ITEM 7.  FINANCIAL STATEMENTS

Our financial statements are stated in United States dollars and are
prepared in accordance with the United States generally accepted
accounting principles. The audited financials statements ended September
30, 2005, the independent auditor's report, and the notes to the
financial statements are attached at the end of this report.


Index  to  Financial  Statements:

1.   Independent  Auditors'  Report;

2.   Audited  Consolidated  Financial  Statements;

a.   Consolidated Balance Sheets as at September 30, 2005 and 2004;

b.   Consolidated Statements of Operations for the years ended September
20, 2005 and 2004, and for the period from August 17, 2000 (Date of
inception) to September 30, 2005;

c.   Consolidated Statements of Cash Flows for the years ended September
30, 2005 and 2004 and for the period from August 17, 2000 (Date of
inception) to  September 30, 2005;

d.   Consolidated Statements of Stockholder's Equity (Deficiency) for the
period August 17, 2000 to September 30, 2005;

e.   Statement of Discontinued Operations for the years ended September
30, 2005 and 2004;

f.   Notes to the Consolidated Financial Statements.


ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
         AND FINANCIAL DISCLOSURE

None

ITEM 8A.  CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures.
Our chief executive officer and our chief financial officer, after
evaluating the effectiveness of the Company's "disclosure controls
and procedures" (as defined in the Securities Exchange Act of 1934
Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by
this quarterly report (the "Evaluation Date"), has concluded that as
of the Evaluation Date, our disclosure controls and procedures are
reasonably effective in ensuring that the information we are required
to disclose in reports that 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 rules and forms.

(b) Changes in internal control over financial reporting.
There were no significant changes in our internal control over financial
reporting during the fourth quarter of our most recent fiscal year ended
September 31, 2005 that materially has affected, or are reasonably likely
to materially affect, our internal control over financial reporting.  It
should be noted that any system of controls, however well designed and
operated, can provide only reasonable and not absolute assurance that
the objectives of the system are met. In addition, the design of any
control system is based in part upon certain assumptions about the
likelihood of future events. Because of these and other inherent
limitations, there can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions,
regardless of how remote.

PART III

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
         PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

Board of Director Members:

As of September 30, 2005 the Company had the following two members of
the Board of Directors:

Robert Rosner - Director
Richard Jordan - Director

On August 19, 2005, the Board of Directors received and accepted
the resignation of Donald Walker as a Director of the Company
effective immediately.  The Company appointed Richard Jordan to
to fill the vacancy created by Mr. Walker's resignation. The Board
then elected Mr. Rosner as President and Chief Executive Officer
of the Company and Mr. Jordan was elected as Corporate Secretary,
Treasurer and Chief Financial Officer.

The following table sets forth the name, age and position of each
director and executive officer of Cimbix as at September 30, 2005:

<TABLE>
<CAPTION>
Name                    Age  Position
--------------------------------------------------------------------

                      <c>  <c>
Robert Rosner             41   President, Chief Executive Officer
Richard Jordan            60   Secretary, Treasurer, Chief Financial
                               Officer

</table>

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

Mr. Robert Rosner - President, Chief Executive Officer:
Mr. Rosner serves as the Company's President and Chief Executive Officer
as of August 2005 and was the Vice President of Regulatory
Affairs and Compliance and Corporate Secretary since August 2003.  He
is also a member of Cimbix's board of directors.   For the past four
years Mr. Rosner also functioned as a VP of Investor Relations and
Business Development for MBG USA.  From September 1999 until September
2003, Mr. Rosner was also the President of First Cypress Technologies
Inc., a mining company listed on the NASD-OTC Bulletin Board.  He was
the owner and the president of Rosner Communications Inc. from July
1985 to April 2004. Rosner Communications Inc. provided consulting
services to public companies. Mr. Rosner was the president and a
director of Moreno Ventures Inc., a company listed on the Canadian
Venture Exchange, from July 1994 to December 2002.  Mr. Rosner was
the president and director of Fortuna Ventures Inc., a company listed
on the Canadian Venture Exchange, from June 1996 to January 2005.  Mr.
Rosner was the president and a director of Superior Networks, Inc., a
company listed on the NASD-OTC Bulletin Board, from February 2002 to
September 2002.

Mr. Richard Jordan - Secretary, Treasurer, Chief Financial Officer:
Mr. Jordan serves as the Company's Secretary, Treasurer and Chief
Financial Officer as of August 2005. He has been a Certified General
Accountant since 1974 and has been involved in various capacities
relating to corporate governance.  Since May 1999, Mr. Jordan has
been an independent management consultant providing administration,
finance and management support to a variety of small and medium size
businesses. From November 1999 to December 2001, Mr. Jordan was a
director of Franchisemaster Technologies Inc., a public company traded
on the Canadian Venture Exchange. From June 2000 to February 2001, Mr.
Jordan was the Chief Financial Officer of VOIP Telecom Inc., a
telecommunications company whose shares have been traded on the OTC
Bulletin Board. From January 1999 to February 2001, Mr. Jordan was the
Corporate Secretary for Island Gold Mines, a junior mineral company
listed on the Canadian Venture Exchange.  From September 1994 to
February 2001, Mr. Jordan was the Corporate Secretary for International
Wayside Gold Mines, a junior mineral company listed on the Canadian
Venture Exchange.

We do not have an audit committee, although we intend to establish
such a committee, with an independent "financial expert" member as
defined in the rules of the SEC when we elect additional directors
to the Board.


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.

SECTION  16(a)  BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Act of 1934 requires the Company's
officers and directors, and greater than 10% stockholders, to file
reports of ownership and changes in ownership of its securities with
the SEC.  Copies of the reports are required by SEC regulation to
be furnished to the Company.  Based on management's review of these
reports during the fiscal year ended September 30, 2005, Donald Walker,
Robert Rosner and Richard Jordan were required to file reports under
Section 16(a) and some of these reports were filed late. Donald Walker
and Robert Rosner filed their Form 4 and Schedule 13D late in respect
to their participation in the Company's private placement.


                                       		Number
                                       		of late
Name and principal position            		reports


Donald Walker,                              		1
Former CEO, former President,
Former Director

Robert Rosner,                              		1
President, CEO, Director

Richard Jordan
Secretary, Treasurer, CFO, Director			0



CODE OF CONDUCT AND ETHICS

We have not adopted a code of conduct and ethics.  We expect to adopt
such a code at such time as we elect additional directors to our Board.

AUDIT COMMITTEE

We currently do not have an audit committee and therefore have not
adopted any audit committee policies.  We plan to have an audit
committee at such time as we elect additional directors to our Board.


ITEM 10. EXECUTIVE OFFICERS AND DIRECTORS COMPENSATION

The table below summarizes all compensation awarded to, earned by,
or paid to our executive officers by any person for all services
rendered in all capacities to us for the fiscal year ended September
30, 2005.  Only one officer and director received annual compensation
in excess of $100,000 during the last two complete fiscal years.

                     Fiscal Year 2005 Officers Annual Compensation Table
<table>
<caption>
                           Annual  Compensation         Long  Term  Compensation
                           --------------------         ------------------------
                                                Other                                   All
                                                Annual                                  Other
                                                Compen  Restricted                      Com-
                                                sation  Stock    Options/  LTIP         pen-
Name            Title     Year  Salary   Bonus  (stock) Awarded  SARs (#)  payouts ($)  sation
------------  ----------  ----  -------  -----  ------  -------  --------  -----------  ------
<S>          <C>          <C>  <C>        <C>    <C>     <C>      <C>       <C>          <C>

Dr. Andrew   Former       2005   $      0   0       0      0         0        0            0
Willoughby   Director, 	  2004     25,000   0       0      0         0        0            0
             Former CEO   2003      4,000   0       0      0         0        0            0


Donald       Former       2005   $ 48,750   0       0      0         0        0            0
Walker	     President,   2004     56,250   0       0      0         0        0            0
             Former CEO,  2003          0   0       0      0         0        0            0
             Former
             Director

Robert       President 	  2005   $ 75,000   0       0      0         0        0            0
Rosner	     & CEO        2004    105,000   0       0      0         0        0            0
             Director     2003          0   0       0      0         0        0	           0
             Former VP
             Regulatory
             Affairs,
             Former
             Secretary

Edwin        Former       2005   $      0   0       0      0         0        0            0
Lao          President,   2004          0   0       0      0         0        0            0
             Former       2003     11,250   0       0      0         0        0            0
             Secretary    2002          0   0       0      0         0        0            0
             Former
             Treasurer
             Former
             Director

Richard	     Secretary    2005   $  2,500   0       0      0         0        0            0
Jordan	     Treasurer
             CFO
             Director

</table>

As of September 30, 2005, none of the executive officers had any
sort of binding employment contracts with the Company.  However,
in addition to being a Vice President of Regulatory Affairs for
the Company, Mr. Robert Rosner earned for the 2005 fiscal
year an annual base salary of $30,000 as officer of MBG USA before
it was sold in March 2005, on top of his $45,000 base salary from
the Company. (In 2004, Mr. Rosner earned a base salary of $60,000
on top of his $45,000 base salary from the Company.)

Additionally, Donald Walker earned $15,000 as officer of the
MBG USA before it was sold in March 2005, on top of his $33,750
base salary from the Company. (In 2004, Mr. Walker earned $22,500
as officer of MBG USA, on top of his $33,750 base salary from the
Company.)

Edwin Lao retired as the Company's President and Director in August
2003 and he was not replaced by Doug Johnson until October 31, 2003.
Doug Johnson subsequently resigned on February 26, 2004. On February
28, 2004, Dr. Andrew Willoughby was removed as the Chief Executive
Officer and resigned as director March 25, 2004.

On September 3, 2003, several Directors of the Company adopted a
resolution to be effective October 1, 2003 that outlined the annual
compensation plan for its executive officers (including that of
MBG USA) for the fiscal year 2004 was invalid. This plan had two
basic components which included an annual salary and an equity
compensation.  As of January 2004, none of the officers of the Company
and that of MBG USA, except as disclosed herewith, were employed by
the Company and/or performing their job responsibilities.  The
Company did not issue any cash or equity compensation to those
officers except as disclosed herewith.

On September 3, 2003, several Directors of the Company also adopted a
resolution to be effective October 1, 2003 that outlined the issuance
of the Company's common stock to each of the members of the Board as
part of their annual Director's compensation package was also invalid.
As of yearend September 30, 2004 and 2005, none of the Directors
received any cash or equity compensation except as disclosed herewith.

As of September 30, 2004 the Company has not adopted any compensation
committee or compensation policies. See "Certain Relationships and
Related Transactions." Other than as detailed above, the Company has
no stock option, retirement, incentive, defined benefit, actuarial,
pension or profit-sharing programs for the benefit of directors,
officers or other employees, but the Board of Directors may recommend
adoption of one or more such programs in the future.


ITEM 11. SECURTIY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
         MANAGEMENT

The following table sets forth, as of September 30, 2005, Cimbix's
outstanding common stock owned of record of all Executive Officers and
Directors as a group. Each person has sole voting and investment
power with respect to the shares shown.

As of September 30, 2005 the total number of issued and outstanding
common shares in the Company was 48,699,372.  5% of which equals
2,433,469 shares.

<TABLE>
<CAPTION>
                                                       Amount of         Percent
                           Name and address            beneficial        of
Title of Class             of beneficial owner         ownership         class
                           -----------------------------------------------------
<S>                        <C>                          <C>               <C>
Common Stock                Robert Rosner                3,105,000          6.40%
                            Director, President, CEO
                            #134, 9663 Santa Monica Blvd
                            Beverly Hills, California
                            90210

Common Stock                Richard Jordan                       0          0.00%
                            3602 Loraine Avenue
                            North Vancouver, BC
                            Canada


                                                     -------------         -------
                                                         3,105,000          6.40%
</table>

Total combined share position of all executive officers
and directors as a group consists of two persons

The following table sets forth, as of September 30, 2005, Cimbix's
outstanding common stock owned of record or beneficially by each
person who owned of record, or was known by Cimbix to own
beneficially, more than 5% of its common stock. Each person has sole
voting and investment power with respect to the shares shown.


      TABLE OF SHAREHOLDERS WITH MORE THAN 5% HOLDINGS OF CIMBIX
<TABLE>
<CAPTION>
                                                    Amount of         Percent
                        Name and address            beneficial        of
Title of Class          of beneficial owner         ownership         class
                        -----------------------------------------------------
<S>                     <C>                         <C>             <C>
Common Stock            Donald Walker                3,101,500          6.40%
                        Former President
                        Former CEO, former director
                        99 Elm Ave
                        Larkspur, California
                        94939

Common Stock            Robert Rosner                3,105,000          6.40%
                        Director, President, CEO
                        #134, 9663 Santa Monica Blvd
                        Beverly Hills, California
                        90210

                                                 -------------       -------
                                                     6,206,500         12.80%
</table>



Under the rules of the Securities and Exchange Commission, a person
(or group of persons) is deemed to be a "beneficial owner" of a
security if he or she, directly or indirectly, has or shares the
power to vote or to direct the voting of such security, or the power
to dispose of or to direct the disposition of such security.
Accordingly, more than one person may be deemed to be a beneficial
owner of the same security.  A person is also deemed to be a
beneficial owner of any security, which that person has the right to
acquire within 60 days, such as options or warrants to purchase the
common stock of Cimbix.  There were no options or rights outstanding
as of September 30, 2005 entitling owners to acquire our common stock
within 60 days.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

In September 2004, we issued a promissory note to Robert Rosner, our
President and a member of the Board of Directors, for the principal
sum of $30,000 bearing an interest at the rate of 10% per annum, with
a maturity date of January 28, 2006.  The promissory note was extended
for another year to January 28, 2007 with the same terms.  Mr. Rosner
advanced $30,000 to the Company on January 29, 2004 in connection with
a private placement for 120,000 common shares of our stock.  As at year
end September 30, 2004, the Company did not issue the shares to Mr.
Rosner, and instead by mutual consent, agreed to treat the $30,000
advance as a loan to the Company by way of a promissory note. The
promissory note is unsecured and the Company have the right at any
time to prepay all or any part of the balance outstanding from time
to time.

In February 2005, Mr. Rosner participated in a private placement by
advancing $7,000 for 700,000 common shares (pre-split)of the Company.
Donald Walker, former President, former CEO and former director of
the Company also advanced $7,000 to the Company and received 700,000
common shares (pre-split) pursuant to the private placement.

Our principal office at 9663 Santa Monica Boulevard, #134, Beverly
Hills, California is provided to us at no charge by Mr. Rosner, our
President.

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

(a)     Exhibits  and  Index  of  Exhibits

<table>
  Exhibit
  Number                         Description of Exhibit
---------     -------------------------------------------------

          <c>
  3.3         Amendment of Articles of Incorporation (1)
 10.1         Share Exchange Agreement between the Company and
              the Millenium Business Group USA, Inc. (2)
 10.3         Consulting Agreement in favor of Maribel Jordan (5)
 10.4         Consulting Agreement in favor of Lindsey Brown (6)
 10.5         Consulting Agreement in favor of Maria Antonia Croy (6)
 10.6         Consulting Agreement in favor of Kameleon Services (6)
 10.7         Consulting Agreement in favor of Willard Williams (6)
 10.8         Consulting Agreement in favor of Vikram Khanna (7)
 10.9         Consulting Agreement in favor of Keith Burant (7)
 10.10        Consulting Agreement in favor of Ron Balconi (7)
 10.11        Consulting Agreement in favor of Englocan Limited (7)
 10.12        Consulting Agreement in favor of Harry Turbyfield (8)
 10.13        Consulting Agreement in favor of Stratus Investment
              Group Inc. (7)
 16.1         Change of Certifying Accountant (3)
 31.1         Certification 302, CEO (8)
 31.2         Certification 302, CFO (8)
 32.1         Certification 906, CEO (8)
 32.1         Certification 906, CFO (8)
 99.1         License Agreement between the Company and On4
              Communications Inc., formerly Petsmobility
              Network (Canada) Inc. (4)
 99.2         Asset Purchase Agreement between the Company,
              Petsmobility Inc. and On4 Communications, Inc. (3)
 99.3         Rescission Agreement between the Company and On4
              Communications, Inc. (3)
 99.4         Articles of Correction (3)
---------     -------------------------------------------------
</table>

(1)     Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  Form 8-K dated  June 14, 2004.
(2)     Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  Form 8-K dated April 9, 2003 and
August 19, 2003.
(3)     Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  Form 8-K dated February 6, 2006.
(4)     Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  Form 8-K dated June 17, 2005.
(5) Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  S-8 filing dated December 10,
2004.
(6) Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  S-8 filing dated March 9,
2005.
(7) Previously  filed  with  the  Securities  and  Exchange
Commission as an exhibit  to  the  S-8 filing dated June 21,
2005.
(8)     Filed with this report.

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

AUDIT FEES

The aggregate fees billed for each of the fiscal years ended
September 30, 2005 and 2004 for professional services rendered by the
principal accountant for the audit of Cimbix's annual financial
statements and review of the financial statements included in the
registrant's Form 10-QSB or services that are normally provided by
the accountant in connection with statutory and regulatory filings or
engagements for those fiscal years were estimated at $15,000 and
$7,000 respectively.

AUDIT RELATED FEES - None

TAX FEES - None

ALL OTHER FEES - None

<PAGE>
                                   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.

CIMBIX CORPORATION

By:  /s/  ROBERT ROSNER
     ___________________________________
     ROBERT ROSNER, President, CEO and Director
     Date:     March 02, 2006


In accordance with the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.


By:  /s/ ROBERT ROSNER
     ___________________________________
     Robert Rosner, Chief Executive Officer,
     President and Director
     Date:     March 02, 2006

By:  /s/ RICHARD JORDAN
     ____________________________________
     Richard Jordan, Chief Financial Officer
     Secretary, Treasurer and Director
     Date:     March 02, 2006

<page>

ITEM 7.  FINANCIAL STATEMENTS


                         CIMBIX  CORPORATION

                    (A Development Stage Company)

            REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

                     September 30, 2005 and 2004

                        (Stated in US Dollars)

<page>
                                                       AMISANO HANSON
A Partnership of Incorporated Professionals
                                                CHARTERED ACCOUNTANTS


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders
Cimbix Corporation
(A Development Stage Company)

We have audited the accompanying consolidated balance sheet of Cimbix
Corporation (A Development Stage Company) and subsidiaries as  of
September 30, 2005 and the related consolidated statements of
operations, cash flows and stockholders' equity (deficiency) for the
year ended September 30, 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 our audit.
The consolidated financial statements as of September 30, 2004 and for
the year then ended were audited by other auditors whose report dated
February 1, 2005 expressed an unqualified opinion on those statements.
Our opinion on the statements of operations, cash flows and
stockholders' equity (deficiency) insofar as it relates to amounts for
the prior periods through September 30, 2004 is based on the report of
other auditors.

We conducted our audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States of America).  Those
standards require that we plan and perform an audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation.  We believe that our audit
provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of
Cimbix Corporation (A Development Stage Company) and subsidiaries as of
September 30, 2005 and the results of their operations and their cash
flows for the year ended September 30, 2005 in conformity with
accounting principles generally accepted in the United States of America.

The accompanying financial statements referred to above have been
prepared assuming that the Company will continue as a going concern. As
discussed in Note 1 to the financial statements, the Company is in the
development stage and has no established source of revenue and is
dependent on its ability to raise capital from stockholders or other
sources to sustain operations.  These factors, along with other matters
as set forth in Note 1, raise substantial doubt that the Company will
be able to continue as a going concern.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.

Vancouver, Canada                                 "Amisano Hanson"
February 3, 2006                             Chartered Accountants

750 West Pender Street, Suite 604        Telephone:  604-689-0188
Vancouver, Canada                        Facsimilie: 604-689-9773
V6C 2T7                                  E-Mail: amishan@telus.net

<page>

                          CIMBIX CORPORATION
                    (A Development Stage Company)
                     CONSOLIDATED BALANCE SHEETS
                     September 30, 2005 and 2004
                        (Stated In US Dollars)

<table>
<caption>
                               ASSETS                  2005          2004
                               ------                  ----          ----

                                                <c>           <c>
Current
  Cash                                              $     1,206   $      119
  Prepaid expenses (Note 7)                              11,279            -
  Current assets of discontinued operations                   -       15,006
           (Notes 4 and 5)                           ----------    ---------
                                                         12,485       15,125

Advance on asset purchase agreement (Note 3)             50,000            -
Website development costs                                     -        8,700
Long-term assets of discontinued operations (Note 4)          -           20
                                                      ---------    ---------
                                                     $   62,485   $   23,845
                                                     ==========   ==========

                           LIABILITIES
                           -----------
Current
  Accounts payable (Note 5)                          $  132,028   $  141,043
  Promissory notes payable (Notes 5 and 6)               63,838            -
  Due to related parties (Note 5)                        24,146       11,314
  Current liabilities of discontinued operations              -      127,773
          (Notes 4 and 5)                            ----------    ---------
                                                        220,012      280,130

                    STOCKHOLDER'S DEFICIENCY
                    ------------------------
Capital Stock (Notes 3, 6 and 7)
  Authorized:
  100,000,000 common shares, par value of $0.0001
   20,000,000 preferred shares, par value of $0.0001
              redeemable at $0.005
  Issued and outstanding:
   48,669,372 common shares (2004: 859,372 shares)        4,867        4,297
        2,501 preferred shares (2004: 2,501 shares)           1           50
Donated capital                                          11,250            -
Additional paid-in capital                              498,003      331,773
Deficit accumulated during the development stage       (671,648)    (592,405)
                                                     ----------    ----------
                                                       (157,527)    (256,285)
                                                     ----------    ----------
                                                     $   62,485    $  23,845
                                                     ==========    =========
</table>
Nature and Continuance of Operations (Note 1)
Commitments (Notes 3 and 7)
Subsequent Events (Notes 3, 6 and 7)

                     SEE ACCOMPANYING NOTES

<page>


                         CIMBIX CORPORATION
                    (A Development Stage Company)
                 CONSOLIDATED STATEMENTS OF OPERATIONS
            For the years ended September 30, 2005 and 2004
  For the period August 17, 2000 (Date of Inception) to September 30, 2005
                        (Stated In US Dollars)

<table>
<caption>
                                                                        August 17, 2000
                                                                      (Date of Inception)
                                                                        to September 30
                                                 2005           2004         2005
-----------------------------------------------------------------------------------------

                                       <c>            <c>            <c>
Revenues                                   $        -     $        -     $    9,500

Expenses
  Consulting fees (Note 5)                    128,535         18,325        153,913
  Management fees (Note 5)                     81,250        103,750        205,250
  Professional fees (Note 5)                   30,858          2,017        103,751
  Incorporation costs                           2,005              -          2,005
  Donated services                                  -              -         11,250
  General and administrative (Note 5)          19,851         15,190         49,538
  Settlement of accounts payable               (3,250)             -         (3,250)
  License written off                               -              -         35,000
  Website development costs written off         8,700              -          8,700
                                              --------      ---------       --------
                                              267,949        139,282        566,157
                                              -------       ---------       --------

Loss from continuing operations              (267,949)      (139,282)      (556,657)

Gain(loss) from discontinued operations
    (Schedule 1)                              188,706        (87,898)      (114,991)
                                              -------       ---------       -------
Net loss for the period                    $ (79,243)    $ (227,180)     $ (671,648)
                                           ==========     ===========    ===========

Basic and diluted loss per share from
    Continuing operations                  $    (0.01)    $     (0.30)

Basic and diluted income(loss) per share
    From discontinued operations           $     0.01     $     (0.19)

Weighted Average Number of
     Common Shares Outstanding              27,895,180        458,925

</table>
                     SEE ACCOMPANYING NOTES

<page>
                         CIMBIX CORPORATION
                    (A Development Stage Company)
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
            For the years ended September 30, 2005 and 2004
  For the period August 17, 2000 (Date of Inception) to September 30, 2005
                        (Stated In US Dollars)

<table>
<caption>
                                                                        August 17, 2000
                                                                      (Date of Inception)
                                                                        to September 30
                                                 2005           2004         2005
-----------------------------------------------------------------------------------------

                                        <c>            <c>            <c>
Operating Activities
 Loss from continuing operations            $  (267,949)   $  (139,282)   $  (556,657)
 Adjustments to reconcile loss to cash
 Used by operating activities:
    Donated services                                  -              -         11,250
    Website development costs written off         8,700              -          8,700
    Shares issued for services                   95,700              -         95,700
 Changes in non-cash working capital items:
    Prepaid expenses                                (29)             -            (29)
    Accounts payable                             (9,014)       113,424        132,028
                                             -----------    -----------   -----------
                                               (172,592)       (25,858)      (309,008)

Investing Activities
 License payment advanced                       (50,000)             -        (50,000)
 Advances to subsidiaries                       (65,091)       (50,000)      (115,091)
 Website development costs                            -         (8,700)        (8,700)
 Proceeds from disposition of subsidiaries          100              -            100
                                             ----------     -----------    ----------
                                               (114,991)       (58,700)      (173,691)

Financing Activities
 Common stock issued for cash                   212,000         80,000        395,921
 Promissory notes payable                        63,838              -         63,838
 Increase(decrease) due to related parties       12,832           (812)        24,146
                                             ----------     ----------     ----------
                                                288,670         79,188        483,905

Increase(decrease) in cash from continuing
 Operations                                       1,087         (5,370)         1,206

Cash from discontinued operations (Note 4)           (6)             4              -
                                             ----------     ----------     ----------
Increase(decrease) in cash during the
 Period                                           1,081         (5,366)         1,206

Cash, beginning of the period                      119           5,485             -
                                            ----------      ----------      ---------
Cash, end of the period                     $    1,206      $      119      $   1,206
                                            ==========      ==========      =========

</table>
                     SEE ACCOMPANYING NOTES

<page>
                         CIMBIX CORPORATION
                    (A Development Stage Company)
       CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY(DEFICIENCY)
  For the period August 17, 2000 (Date of Inception) to September 30, 2005
                        (Stated In US Dollars)

<table>
<caption>
                                        COMMON STOCK          PREFERRED STOCK                        DEFICIT
                               ------------------------------  --------------                       ACCUMULATED
                                NUMBER             SHARE       NUMBER                  ADDITIONAL   DURING THE
                                  OF             SUBSCRIPTIONS   OF           DONATED    PAID-IN    DEVELOPMENT
                                SHARES    AMOUNT   RECEIVED    SHARES AMOUNT  CAPITAL    CAPITAL      STAGE      TOTAL
                              ---------------------------------------------------------------------------------------

                           <c>       <c>      <c>         <c>     <c>   <c>       <c>        <c>         <c>
Issuance of common shares           200   $     -  $      -        -  $  -  $     -   $      10  $       -  $       10
Share subscriptions                   -         -   150,280        -     -        -           -          -     150,280
Net loss for the year                 -         -         -        -     -        -           -   (216,896)   (216,896)
                               --------  --------  --------  -------  ----  -------  ----------  ---------   ---------
Balance, September 30, 2001         200   $     -  $150,280        -  $  -  $     -   $      10  $(216,896) $  (66,606)
Share subscriptions                   -         -    76,105        -     -        -           -          -      76,105
Net loss for the year                 -         -         -        -     -        -           -    (29,313)    (29,313)
                               --------  --------  --------   -------  ----  -------  ---------   ---------     ------
Balance, September 30, 2002         200   $     -  $226,385        -  $  -  $     -   $      10  $(246,209) $  (19,814)
Share subscriptions received          -         -     5,000        -     -        -           -          -       5,000
Issuance of common shares        80,160         8  (231,385)       -     -        -     232,542          -       1,165
                               --------  --------  ----------  -------  ----  -------  --------   --------   ---------
                                 80,360  $      8  $      -         -  $  -  $     -  $ 232,552 $(246,209)  $  (13,649)
</table>
                     SEE ACCOMPANYING NOTES
<page>
                         CIMBIX CORPORATION
                    (A Development Stage Company)
       CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY(DEFICIENCY)
  For the period August 17, 2000 (Date of Inception) to September 30, 2005
                        (Stated In US Dollars)

<table>
<caption>
                                        COMMON STOCK          PREFERRED STOCK                        DEFICIT
                               ------------------------------  --------------                       ACCUMULATED
                                NUMBER             SHARE       NUMBER                  ADDITIONAL   DURING THE
                                  OF             SUBSCRIPTIONS   OF           DONATED    PAID-IN    DEVELOPMENT
                                SHARES    AMOUNT   RECEIVED    SHARES AMOUNT  CAPITAL    CAPITAL      STAGE      TOTAL
                              ----------------------------------------------------------------------------------------

                           <c>       <c>      <c>         <c>     <c>   <c>       <c>       <c>          <c>
Balance forward                  80,360  $     8  $       -        -  $  -  $     -  $ 232,552  $ (246,209) $  (13,649)
Adjustment to number of
 shares issued and outstanding
 as a result of the
 acquisition of Millennium
Business Group USA, Inc.
  Millennium Business
    Group USA, Inc.             (80,360)      (8)         -        -     -        -   (232,552)    232,560           -
  Cimbix Corporation            170,240       17          -        -     -        -    232,543    (232,560)          -
Fair value of shares issued
 in connection with the
 acquisition of Millennium
 Business Group USA, Inc.        80,360        8          -    2,501     1        -         (9)          -           -
Net asset deficiency of legal
 parent at date of reserve
 take-over transaction                -        -          -        -     -        -           -    (20,167)    (20,167)
Issue of common shares            2,772        -          -        -     -        -      13,810          -      13,810
Issue of common shares           1,000        -          -        -     -        -        7,500          -       7,500
Donated services                     -        -          -        -     -        -        2,250          -       2,250
Net loss for the year                -        -          -        -     -        -            -    (98,849)    (98,849)
                               --------    -----    -------   ------   ---   ------    --------   --------     --------
Balance, September 30, 2003    254,372    $  25     $    -    2,501   $ 1   $    -    $ 256,094  $(365,225)  $(109,105)

</table>
                     SEE ACCOMPANYING NOTES
<page>
                         CIMBIX CORPORATION
                    (A Development Stage Company)
       CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY(DEFICIENCY)
  For the period August 17, 2000 (Date of Inception) to September 30, 2005
                        (Stated In US Dollars)

<table>
<caption>
                                        COMMON STOCK          PREFERRED STOCK                        DEFICIT
                               ------------------------------  --------------                       ACCUMULATED
                                NUMBER             SHARE       NUMBER                  ADDITIONAL   DURING THE
                                  OF             SUBSCRIPTIONS   OF           DONATED    PAID-IN    DEVELOPMENT
                                SHARES    AMOUNT   RECEIVED    SHARES AMOUNT  CAPITAL    CAPITAL      STAGE      TOTAL
                              ----------------------------------------------------------------------------------------

                          <c>        <c>      <c>         <c>     <c>   <c>       <c>        <c>         <c>
Balance, September 30, 2003      254,372 $    25  $       -     2,501 $  1  $      -  $ 256,094  $(365,225) $ (109,105)
Issue of common shares             5,000       1          -         -    -         -     49,999          -      50,000
Issue of common shares           600,000      60          -         -    -         -     29,940          -      30,000
Net loss for the year                  -       -          -         -    -         -          -   (227,180)   (227,180)
                                --------  -------  ----------  -------  ---   -------  ---------  ---------  ---------
Balance, September 30, 2004      859,372 $    86  $       -     2,501 $  1  $      -  $ 336,033  $(592,405) $ (256,285)
Issue of common shares           160,000      16          -         -    -         -        484          -         500
Issue of common shares        36,000,000   3,600          -         -    -         -     86,400          -      90,000
Issue of common shares         8,960,000     896          -         -    -         -     94,304          -      95,200
Issue of common shares         2,440,000     244          -         -    -         -    121,756          -     122,000
Disposal of MBG USA, Inc.             -        -          -         -    -    11,250   (152,199)         -    (140,949)
Net loss for the year                 -        -          -         -    -         -          -    (79,243)    (79,243)
                              ----------   ------    --------   ------  ---  -------   ---------   ---------   -------
Balance, September 30, 2005   48,669,372 $ 4,867  $       -     2,501 $  1  $ 11,250  $ 498,003  $(671,648)  $(157,527)
                              ==========  ======    =========   =====  ====  ========  =========  ==========  =========
</table>

The number of preferred and common shares outstanding reflects a reverse split
of 1 share for each 200 shares issued and outstanding on October 8, 2004.  In
addition, the number of shares outstanding reflects a forward split of 4 common
shares for each 1 common share issued and outstanding on July 8, 2005. The par
value and additional paid-in capital were adjusted in conformity with the
number of shares then issued.

                     SEE ACCOMPANYING NOTES


<page>
                                                           Schedule 1

                          CIMBIX CORPORATION
                    (A Development Stage Company)
                STATEMENTS OF DISCONTINUED OPERATIONS
            For the year ended September 30, 2005 and 2004
                        (Stated In US Dollars)

<table>
<caption>
                                                         2005          2004
                                                         ----          ----

                                                  <c>           <c>
Expenses
  Bank charges                                        $      71     $     161
  Consulting fees                                             -         5,000
  Management fees (Note 5)                               45,000        82,500
  Professional fees                                           -           237
                                                       --------      --------
                                                         45,071        87,898
                                                       --------      --------
Loss from discontinued operations before other item     (45,071)      (87,898)

Other item
  Gain on disposal of subsidiaries (Note 4)             233,777             -
                                                       --------       -------
Gain(loss) from discontinued operations               $ 188,706     $ (87,898)
                                                       ========      =========






</table>












                     SEE ACCOMPANYING NOTES



<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars)


Note 1	NATURE AND CONTINUANCE OF OPERATIONS

The Company was incorporated on August 17, 2000 in the State of
Washington, USA and the Company's common shares are publicly
traded on the OTC Bulletin Board.

The Company has entered into agreements for the right to market and
distribute the PetsCell Technology and the "PetsMobility" brand
products and services in the pet industry.  Management plans to further
evaluate, develop, and manage the commercialization, sub-license and/or
commercial sale of these products and services.

These consolidated financial statements have been prepared in accordance
with generally accepted accounting principles applicable to a going
concern, which assumes that the Company will be able to meet its
obligations and continue its operations for its next fiscal year.
Realization values may be substantially different from carrying values
as shown and these financial statements do not give effect to adjustments
that would be necessary to the carrying values and classification of
assets and liabilities should the Company be unable to continue as a
going concern.  At September 30, 2005, the Company had not yet achieved
profitable operations, has accumulated losses of $671,648 since its
inception, has a working capital deficiency of $207,527 and expects to
incur further losses in the development of its business, all of which
casts substantial doubt about the Company's ability to continue as a
going concern.  The Company's ability to continue as a going concern is
dependent upon its ability to generate future profitable operations
and/or to obtain the necessary financing to meet its obligations and
repay its liabilities arising from normal business operations when they
come due.  Management has no formal plan in place to address this
concern but considers that the Company will be able to obtain additional
funds by equity financing and/or related party advances, however there
is no assurance of additional funding being available.

Note 2	Significant Accounting Policies

These consolidated financial statements have been prepared in accordance
with generally accepted accounting principles in the United States of
America and are stated in US dollars.  Because a precise determination
of many assets and liabilities is dependent upon future events, the
preparation of financial statements for a period necessarily involves
the use of estimates which have been made using careful judgment.
Actual results may differ from these estimates.

The financial statements have, in management's opinion, been properly
prepared within the framework of the significant accounting policies
summarized below:

<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 2

Note 2	SIGNIFICANT ACCOUNTING POLICIES - (cont'd)

a) Development Stage Company

The Company is a development stage company as defined in the Statements
of Financial Accounting Standards No. 7.  The Company is devoting
substantially all of its present efforts to establish a new business
and none of its planned principal operations have commenced.  All
losses accumulated since inception have been considered as part of the
Company's development stage activities.

b)	Consolidation

These consolidated financial statements include the accounts of the
Company and its wholly owned subsidiaries, Millennium Business Group
USA, Inc., Advanced Dental Technologies Inc. and Petsmobility Inc.
Millennium Business Group USA, Inc. and Advanced Dental Technologies
Inc. were included in the accounts until March 31, 2005, the date of
their disposition (Note 4).  Petsmobility was incorporated by the
Company on September 22, 2005.

c)	Financial Instruments

The carrying values of cash, accounts payable, promissory notes
payable and due to related parties approximate fair value because of
the short-term nature of these instruments.  Management is of the
opinion that the Company is not exposed to significant interest,
currency or credit risks arising from these financial instruments.

d)	Website Development Costs

Under the provisions of Statement of Position No. 98-1 - "Accounting
for the Costs of Computer Software Developed or Obtained for Internal
Use", the Company has capitalized costs of design, configuration,
coding, installation and testing of the Company's website up to its
initial implementation.  Costs are amortized to expense over an
estimated useful life of three years using the straight-line method.
Ongoing website post-implementation costs of operations, including
training and application, are expensed as incurred.  The Company
evaluates the recoverability of website development costs in accordance
with Financial Accounting Standards No. 121 - "Accounting for the
Impairment of Long Lived Assets."

e)	Income Taxes

The Company follows Statement of Financial Accounting Standards
("SFAS") No. 109, "Accounting for Income Taxes" which requires the use
of the asset and liability method of accounting for income taxes.
Under the asset and liability method of SFAS 109, deferred tax assets
and liabilities are recognized for future tax consequences attributable
to temporary differences between the financial statements carrying
amounts of existing assets and liabilities and loss carry forwards and
their respective tax bases.  Deferred tax assets and liabilities are
measured using enacted tax rates expected to apply to taxable income
in the year in which those temporary differences are expected to be
recovered or settled.

<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 3

Note 2	SIGNIFICANT ACCOUNTING POLICIES - (cont'd)

f)	Foreign Currency Translation

The Company's functional currency is the U.S. dollar.  Transactions
in foreign currency are translated into U.S. dollars as follows:

i) monetary items at the rate prevailing at the balance
        sheet date;
ii)	non-monetary items at the historical exchange rate;
iii)	revenue and expense at the average rate in effect during
        the applicable accounting period.

g)	Basic and Diluted Loss Per Share

The Company computes net loss per share in accordance with SFAS No.
128, "Earnings Per Share". SFAS 128 requires presentation of both basic
and diluted earnings per share ("EPS") on the face of the income
statement. Basic EPS is computed by dividing net loss available to
common shareholders by the weighted average number of common shares
outstanding during the year. Diluted EPS gives effect to all dilutive
potential common shares outstanding during the year including stock
options, using the treasury stock method, and convertible preferred
stock, using the if-converted method. In computing diluted EPS, the
average stock price for the year is used in determining the number of
shares assumed to be purchased from the exercise of stock options or
warrants. Diluted EPS excludes all dilutive potential common shares if
their effect is anti dilutive.

h)	Intangible Assets

The Company has adopted Statement of Financial Accounting Standards
No. 142 ("SFAS 142") - "Goodwill and Other Intangible Assets", which
requires that goodwill not be amortized, but that goodwill and other
intangible assets be tested annually for impairment.  The Company's
operational policy for the assessment and measurement of any impairment
in the value of goodwill and intangible assets, which primarily relates
to contract-based intangibles such as license agreements and extensions,
is to evaluate annually, the recoverability and remaining life of its
intangible assets to determine the fair value of these assets.  The
methodologies to be used to estimate fair value include the use of
estimates and assumptions, including projected revenues, earnings and
cash flows.  If the fair value of any of these assets is determined to
be less than its carrying value, the Company will reflect the impairment
of any such asset over its appraised value.

<page>
CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 4

Note 3	ASSET PURCHASE AGREEMENT

Pursuant to a license agreement dated June 16, 2005, the Company was
granted the right to acquire the exclusive license to market and
distribute the PetsCell Technology and the PetsMobility brand products
and services in the pet industry.  The agreement was contingent on the
Company making non-refundable payments totaling $1,000,000. The initial
payment of $50,000 was due on signing the agreement (paid), with the
remaining $950,000 due within six months of signing the agreement.  On
December 2, 2005, the licensor agreed to accept 4,750,000 common shares
as payment for the remaining $950,000.  These shares were not issued.
This agreement was subject to a 5% royalty.

On January 30, 2006, the Company entered into an agreement to rescind
the above license agreement and replace it with an asset purchase
agreement.  Pursuant to the terms of the asset purchase agreement dated
January 30, 2006, the Company may acquire certain website domains,
trademarks and other intangibles and a non-exclusive license to
distribute PetsMobility brand products for $300,000 as follows:

i)    $50,000 which was paid previously on the original license
      agreement;
ii)  $250,000 which will be paid by the issuance of 1,923,077
      common shares of the Company at $0.13 per share.

This agreement is subject to a 20% royalty on net profits.

Note 4	DISCONTINUED OPERATIONS

Effective April 8, 2003, the Company acquired 100% of the issued and
outstanding shares of Millennium Business Group USA, Inc. ("MBG") by
issuing 80,360 common shares, 2,501 preferred shares, and 38,760 share
purchase warrants for the purchase of an additional 38,760 common
shares at $2.50 per share to April 8, 2008.  Since this transaction
resulted in the former shareholders of MBG owning the majority of the
issued shares of the Company, the transaction, which is referred to as
a"reverse take-over", has been treated for accounting purposes as an
acquisition by MBG of the net assets and liabilities of the Company.

The Company had a net asset deficiency at the acquisition date,
therefore, the shares issued on acquisition were issued at fair value
of $Nil with the net asset deficiency of $20,167 charged to deficit.
MBG is deemed to be the purchaser for accounting purposes.  Accordingly,
its net assets are included in the consolidated balance sheet at their
previously recorded amounts.

<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 5

Note 4	DISCONTINUED OPERATIONS - (cont'd)

The acquisition is summarized as follows:

Current assets
 Cash                                      $    394

Current liabilities
 Accounts payable                             8,435
 Related party payable                       12,126
                                           --------
                                             20,561

Net asset deficiency                       $(20,167)
                                           =========



On March 31, 2005, the Company disposed of MBG and its inactive
subsidiary, Advanced Dental Technologies Inc.  The subsidiaries were
sold to an unrelated party for proceeds of $100.  The loss related to
MBG's operations has been disclosed up to the date of disposal as loss
from discontinued operations.

The gain on disposal of the MBG shares was determined as follows:

Proceeds on disposal of subsidiary                $	100

Net asset deficiency of subsidiary:

  Prepaid expenses (Note 5)                          33,500
  Patents                                                20
  Accounts payable (Note 5)                         (90,943)
  Due to related parties (Note 5)                   (35,304)
  Paid in capital                                  (140,950)
                                                   --------
                                                   (233,677)

Gain on disposal of subsidiary                    $ 233,777
                                                  ==========


<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 6

Note 4	DISCONTINUED OPERATIONS - (cont'd)

At September 30, 2005 and 2004, the balance sheets include the
following amounts related to the discontinued operations of MBG:

<table>
                                                  2005         2004
                                                  ----         ----

                                           <c>           <c>
Cash                                           $      -      $       6
Prepaid expenses (Note 5)                             -         15,000
                                               ---------    ----------
Current assets of discontinued operations      $      -      $  15,006
                                               =========    ==========

Patents                                        $      -      $      20
                                               ---------    ----------
Long term assets of discontinued operations    $      -      $      20
                                               =========    ==========

Accounts payable                               $      -      $  62,469
Due to related parties                                -         65,304
                                               ---------    ----------
Current liabilities of discontinued operations $      -      $ 127,773
                                               =========    ==========

</table>

Cash flows from discontinued operations are as follows:

<table>
                                                 2005          2004
                                                 ----          ----

                                           <c>           <c>
Operating Activities
 Gain(loss) from discontinued operations       $ 188,706     $ (87,898)
 Item not involving cash:
    Gain on disposal of subsidiary              (237,777)            -
 Changes in non-cash working capital
 balances consist of:
    Prepaid expenses                             (18,500)      (15,000)
    Accounts payable                              28,474        22,737
                                               ---------     ---------
                                                 (35,097)      (80,161)
                                               ---------     ---------
Financing Activities
 Increase(decrease) due to related parties       (30,000)       30,165
 Advances from parent company                     65,091        50,000
                                               ---------     ---------
                                                  35,091        80,165
                                               ---------     ---------
Increase(decrease) in cash from discontinued
operations during the year                            (6)            4

Cash, beginning of the year                            6             2
                                                ---------    ---------
Cash, end of the year                           $      -     $       6
                                                =========    =========


</table>

<page>


CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 7

Note 5	RELATED PARTY TRANSACTIONS

During the years ended September 30, 2005 and 2004, directors of the
Company and the spouse of a director of the Company charged the
following expenses to the Company:

<table>
                                                    2005         2004
                                                    ----         ----

                                            <c>          <c>
Administrative fees                             $   3,000     $       -
Consulting fees                                     1,000             -
Interest                                            3,000             -
Management fees                                    81,250       103,750
Professional fees                                     600             -
Management fees - discontinued operations          45,000        82,500
                                                 --------      --------
                                                $ 133,850     $ 186,250
                                                =========     =========
</table>


These charges were measured by the exchange amount which is the amount
agreed upon by the transacting parties.

Included in accounts payable at September 30, 2005 is $90,959 owing to
directors and former directors of the Company and to the spouse of a
director of the Company (2004 - $72,309).

Included in promissory notes payable at September 30, 2005 is $33,000
due to a director of the Company (2004 - $Nil).

Included in current liabilities of discontinued operations at September
30, 2004 is $102,554 due to directors and former directors of the Company.

Included in current assets of discontinued operations at September 30,
2004, are prepaid management fees of $15,000 paid to a director of the
Company.

Included in prepaid expenses of MBG at March 31, 2005 is prepaid
management fees of $33,500 paid to a director of the Company.

Included in accounts payable of MBG at March 31, 2005 is $67,250 due
to directors and former directors of the Company.

Amounts due to related parties are due to directors and former directors
of the Company and to the spouse of a director of the Company.  These
amounts are unsecured, non-interest bearing and have no specific terms
of repayment.

During the year ended September 30, 2005, directors of the Company
purchased 5,600,000 common shares of the Company for $14,000.

<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 8

Note 6	PROMISSORY NOTE PAYABLE

The promissory notes payable are unsecured and bear interest at 10%
per annum.  They are due as follows:

<table>
                                               2005         2004
                                              -----        ------

                                        <c>           <c>
January 28, 2006                            $ 33,000      $      -
June 20, 2006                                 30,838             -
                                            --------      --------
                                            $ 63,838      $      -
                                            ========       ========
</table>


The note due June 20, 2006 provides the note holder the right to convert
the note and accrued interest into common shares of the Company at the
maturity date at a price per share based on 20% below average market bid
price.

On January 28, 2006, the note due January 28, 2006 was extended until
January 28, 2007.

Note 7	CAPITAL STOCK - Notes 3 and 6

Commitments:

Share Purchase Warrants

At September 30, 2005, there were 38,760 share purchase warrants
outstanding entitling the holders thereof the right to purchase one
common share for each warrant held at $2.50 until April 8, 2008.

S-8 Shares

Pursuant to agreements dated June 20, 2005, the Company agreed to
issue 8,000,000 common shares at $0.045 per share to six consultants
for consulting services with respect to Petsmobility, Inc.  At
September 30, 2005, 7,750,000 common shares were being held by the
Company to be released in the future as work is performed.  At
September 30, 2005, $11,250 was recorded for the 250,000 common shares
released to a consultant.  The remaining shares will be recorded as
shares are released.  Subsequent to September 30, 2005, the Company
released a further 2,100,000 common shares to consultants.  The
Company has requested the return of 1,764,000 common shares to treasury
due to the rescission of the license agreement (Note 3).

Note 8	INCOME TAXES

The Company has losses for tax purposes totalling $671,648 which may
be applied against future taxable income.  These losses begin to
expire in 2025.  The potential tax benefit arising from these losses
has not been recorded in the consolidated financial statements.  The
Company evaluates its valuation allowance requirements on an annual
basis based on projected future operations.  When circumstances change
and this causes a change in management's judgement about the
realizability of deferred tax assets, the impact of the change on the
valuation allowance is reflected in current operations.

<page>

CIMBIX CORPORATION
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005 and 2004
(Stated in US Dollars) - Page 9

Note 8	INCOME TAXES - (cont'd)

The tax effects of temporary differences that give rise to the
Company's deferred tax assets are as follows:

<table>
                                           2005         2004
                                          -----         -----

                                    <c>           <c>
Tax loss carry-forwards                $ 228,360     $  95,846
Valuation allowance                     (228,360)      (95,846)
                                         -------        ------
                                       $       -     $       -
                                       =========     ==========

</table>