**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**


**Washington, D.C. 20549**


_______________________________





**FORM 10 - QSB/A**


_______________________________





**QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF**


**THE SECURITIES EXCHANGE ACT OF 1934.**





**For the quarterly period ended November 30, 2004.**





**000-26673**


*(Commission File Number)*





**Vitasti, Inc.**


(Exact name of registrant as specified in its charter)





Delaware
98-0207081(State or other jurisdiction of
incorporation or organization)
(IRS Employer
Identification Number)





**100-1001Churchill Crescent**


**North Vancouver, B.C., Canada**


**V7P 1T2**


*(Address of principal executive offices including zip code)*





**(604) 980-6693**


( *Registrants telephone number, including area code)*





The Company Corporation


2711 Centerville Road, Suite 400 Wilmington, DE 19808


(Name and address of agent for service)





(800) 818-0204


(Telephone Number, including area code, of agent for service)





with a copy to:


Mark L. Baum


The Baum Law Firm


580 Second Street, Suite 102


Encinitas, CA 92024


(760) 230-2300





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Yes X No _____





Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).


Yes ____ No X





As of November 30, 2004, the Registrant had 856,801 shares outstanding of its $.0000029 par value common stock.*





*The amount of shares set forth herein accounts for the reverse stock split on December 9, 2004.










**Quarterly Report on FORM 10-QSB For The Period Ended**





**November 30, 2004**





**Table of Contents**





**Vitasti, Inc.**





PagePart I.FINANCIAL INFORMATION:Item 1. Financial Statements:Consolidated Balance Sheet (Unaudited)
F-2Consolidated Statements of Operations (Unaudited)
F-3Consolidated Statements of Comprehensive Income (Unaudited)
F-4Consolidated Statements of Stockholders Equity (Unaudited)
F-5Consolidated Statements of Cash Flows (Unaudited)
F-6Notes to Consolidated Financial Statements
F-7 to F-11Item 2. Management's Discussion and Analysis and Plan of Operation
1Item 3. Controls and Procedures
8Part II. OTHER INFORMATION:Item 1. Legal Proceedings
8Item 2. Changes in Securities
8Item 3. Defaults Upon Senior Securities
8Item 4. Submission of Matters to a Vote of Security Holders
8Item 5. Other Information
9Item 6. Exhibits and Reports on Form 8-K
9SIGNATURES

10EXHIBITS



















**EXPLANATORY NOTE:**








This Amendment is being filed solely to correct a clerical mistake that occurred at the time that the financials, together with the notes, were inserted into the main body of the document. By way of computer and user error, an older, redlined version of the aforementioned information was inadvertently inserted into the original filing. Due to same, there were minor changes to the table of contents as well.










**ITEM 1. FINANCIAL STATEMENTS**




**VITASTI, INC.**


(Formerly Global Golf Holdings, Inc.)




CONSOLIDATED BALANCE SHEET (UNAUDITED)




November 30, 2004


|                     |                                                          |                                                   |         | ASSETS                               |          
|-------------------- | -------------------------------------------------------- | ------------------------------------------------- | ------- | ------------------------------------ | ---------
|Current Assets       |                                                         
|                     | Cash                                                     |                                                   | $ 9,367
|                     | Accounts receivable                                      | 92,648                                           
|                     | Receivable for debt subscriptions                        | 18,000                                           
|                     | Prepaid expenses                                         | 15,458                                           
|                     | Inventory                                                | 24,925                                           
|                     |                                                          |                                                   |         | Total current assets                 | 160,398  
|Equipment, net       | 228,936                                                 
|Intangible assets    | 393,802                                                 
|                     |                                                          |                                                   |         |                                      | $ 783,136
|                     |                                                          |                                                   |         | LIABILITIES AND STOCKHOLDERS' EQUITY |          
|Current Liabilities  |                                                         
|                     | Accounts payable                                         | $ 98,748                                         
|                     | Due to stockholders for shares cancelled                 | 39,686                                           
|                     | Demand loans payable                                     | 26,805                                           
|                     | Convertible promissory notes, net of discount of $43,257 | 178,705                                          
|                     |                                                          |                                                   |         | Total current liabilities            | 343,944  
|Stockholders' Equity |                                                         
|                     | Preferred stock, $0.0001 par value, 5 million shares     |                                                  
|                     |                                                          | authorized, no shares issued or outstanding       |        
|                     | Common stock, $0.0000029 par value, 30 million shares    |                                                  
|                     |                                                          | authorized, 856,801 shares issued and outstanding | 64     
|                     | Common stock issuable, 14,743,199 shares                 | 1,239                                            
|                     | Additional paid-in capital                               | 4,299,752                                        
|                     | Accumulated deficit                                      | (4,068,295)                                      
|                     | Accumulated other comprehensive income                   | 206,432                                          
|                     |                                                          |                                                   |         | Total stockholders' equity           | 439,192  
|                     |                                                          |                                                   |         |                                      | $ 783,136
|                     |                                                          |                                                   |         |                                      |          









|See Notes to Consolidated Financial Statements

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**VITASTI, INC.**


(Formerly Global Golf Holdings, Inc.)




CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)




For the Three and Six Months Ended November 30, 2004 and 2003


|                                                     |                  |         |          |                      | For the Three Months Ended November 30, 2004 |         | For the Three Months Ended November 30, 2003 |          | For the Six Months Ended November 30, 2004 |  | For the Six Months Ended November 30, 2003
|---------------------------------------------------- | ---------------- | ------- | -------- | -------------------- | -------------------------------------------- | ------- | -------------------------------------------- | -------- | ------------------------------------------ |  | ------------------------------------------
|Equipment rent revenue                               | $ 5,424          |         | $ 7,208  |                      | $ 10,360                                     |         | $ 12,018                                    
|Operating expenses                                   | 25,497           |         | 77,114   |                      | 96,341                                       |         | 147,061                                     
|                                                     |                  |         |          | Loss from operations | (20,073)                                     |         | (69,906)                                     |          | (85,981)                                   |  | (135,043)                                 
|Other income (expense)                               |                  |         |          |                      |                                              |         |                                             
|                                                     | Interest expense | (1,851) |          | (3,848)              |                                              | (2,439) |                                              | (16,616)
|                                                     |                  |         |          | Net loss             | $ (21,924)                                   |         | $ (73,754)                                   |          | $ (88,420)                                 |  | $ (151,659)                               
|Net loss per common share (basic and fully diluted)  | $ (0.03)         |         | $ (0.23) |                      | $ (0.11)                                     |         | $ (0.49)                                    
|Weighted average number of common shares outstanding | 856,801          |         | 320,413  |                      | 840,215                                      |         | 308,214                                     
|                                                     |                  |         |          |                      |                                              |         |                                              |          |                                            |  |                                           

|See Notes to Consolidated Financial Statements

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**VITASTI, INC.**


(Formerly Global Golf Holdings, Inc.)




CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)




For the Three and Six Months Ended November 30, 2004 and 2003


|                                  |                                         |            |  |                             | For the Three Months Ended November 30, 2004 |            | For the Three Months Ended November 30, 2003 |             | For the Six Months Ended November 30, 2004 |  | For the Six Months Ended November 30, 2003
|--------------------------------- | --------------------------------------- | ---------- |  | --------------------------- | -------------------------------------------- | ---------- | -------------------------------------------- | ----------- | ------------------------------------------ |  | ------------------------------------------
|Net loss                          |                                         | $ (21,924) |  | $ (73,754)                  |                                              | $ (88,420) |                                              | $ (151,659)
|Other comprehensive income (loss) |                                         |            |  |                             |                                              |            |                                             
|                                  | Foreign currency translation adjustment | 33,040     |  | 31,766                      |                                              | 44,101     |                                              | 28,158     
|                                  |                                         |            |  | Comprehensive income (loss) | $ 11,116                                     |            | $ (41,988)                                   |             | $ (44,319)                                 |  | $ (123,501)                               
|                                  |                                         |            |  |                             |                                              |            |                                              |             |                                            |  |                                           

|See Notes to Consolidated Financial Statements

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**VITASTI, INC.**


(Formerly Global Golf Holdings, Inc.)




CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)




For the Six Months Ended November 30, 2004


|                           |                             |        |      |   | Common Stock     |            | Common Stock Issuable |       | Preferred Stock  |  | Additional Paid-in
Capital |  |                  |        | Accumulated Other Comprehensive Income |  |          
|-------------------------- | --------------------------- | ------ | ---- | - | ---------------- | ---------- | --------------------- | ----- | ---------------- |  | -------------------------- |  | ---------------- | ------ | -------------------------------------- |  | ---------
|                           |                             |        |      |   | Number of
shares |            | Amount                |       | Number of
shares |  | Amount                     |  | Number of
shares |        | Amount                                 |  |          
|Balance, May 31, 2004      | 793,566                     |        | $ 59 |   |                  |            | $ -                   |       |                  |  | $ -                        |  | $4,124,805       |        | $(3,979,875)                           |  | $ 162,331
|Common stock issued for    |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  |          
|                           | services                    | 63,235 |      | 5 |                  |            |                       |       |                  |  |                            |  |                  | 42,995 |                                        |  |          
|Common stock issued for    |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  |          
|                           | acquisition of subsidiaries |        |      |   |                  | 14,743,199 |                       | 1,239 |                  |  |                            |  |                  | 88,695 |                                        |  |          
|Issuance of warrants in    |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  |          
|                           | connection with             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  |          
|                           | convertible debt            |        |      |   |                  |            |                       |       |                  |  |                            |  |                  | 43,257 |                                        |  |          
|Net loss                   |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  | (88,420) 
|Translation adjustment     |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  | 44,101   
|Balance, November 30, 2004 | 856,801                     |        | $ 64 |   | 14,743,199       |            | $ 1,239               |       | -                |  | $ -                        |  | $4,299,752       | #      | $(4,068,295)                           |  | $ 206,432
|                           |                             |        |      |   |                  |            |                       |       |                  |  |                            |  |                  |        |                                        |  |          









|See Notes to Consolidated Financial Statements

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**VITASTI, INC.**

(Formerly Global Golf Holdings, Inc.)




CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)




For the Six Months Ended November 30, 2004 and 2003


|                                     |                                                          |                                                             |                               |                                                     | 2004    |        | 2003    
|------------------------------------ | -------------------------------------------------------- | ----------------------------------------------------------- | ----------------------------- | --------------------------------------------------- | ------- | ------ | --------
|Cash Flows From Operating Activities |                                                          |                                                             |                              
|                                     | Net loss                                                 | $ (88,420)                                                  |                               | $ (151,659)                                        
|                                     | Adjustment to reconcile net loss to net cash provided by |                                                             |                               |                                                    
|                                     |                                                          | (used in) operating activities                              |                               |                                                     |        
|                                     |                                                          | Depreciation                                                | 469                           |                                                     | 243    
|                                     |                                                          | Amortization                                                | 13,390                        |                                                     | 1,745  
|                                     |                                                          | Issuance of common stock for services                       | 43,000                        |                                                     | 160,762
|                                     |                                                          | Changes in operating assets and liabilities, net of effects |                               |                                                     |        
|                                     |                                                          |                                                             | from purchase of Subsidiaries |                                                     |         |       
|                                     |                                                          |                                                             | Accounts receivable           |                                                     |         | 1,807 
|                                     |                                                          |                                                             | Accounts payable              | 21,878                                              |         | 10,650
|                                     |                                                          |                                                             |                               | Net cash provided by (used in) operating activities | (9,683) |        | 23,548  
|Cash Flows From Investing Activities |                                                          |                                                             |                              
|                                     | Purchase of equipment                                    |                                                             |                               | (28,281)                                           
|                                     | Purchase of subsidiaries, adjusted for cash acquired     | 9,106                                                       |                               |                                                    
|                                     | Acquisition of license                                   |                                                             |                               | (52,342)                                           
|                                     |                                                          |                                                             |                               | Net cash (used in) provided by investing activities | 9,106   |        | (80,623)
|Cash Flows from Financing Activities |                                                          |                                                             |                              
|                                     | Proceeds from issuance of stock                          |                                                             |                               | 37,436                                             
|                                     | Proceeds from demand loans                               | 8,322                                                       |                               | 18,176                                             
|                                     | Proceeds from stockholder advances                       |                                                             |                               | 5,730                                              
|                                     | Payments on amounts due to stockholders                  |                                                             |                               | (4,587)                                            
|                                     |                                                          |                                                             |                               | Net cash provided by financing activities           | 8,322   |        | 56,755  
|Foreign exchange effect on cash      | 1,388                                                    |                                                             | 3,327                        
|                                     |                                                          |                                                             |                               | Net change in cash                                  | 9,133   |        | 3,007   
|Cash at the beginning of the period  | 234                                                      |                                                             | 951                          
|Cash at the end of the period        | $ 9,367                                                  |                                                             | $ 3,958                      
|Cash paid for interest               | $ -                                                      |                                                             | $ -                          
|Cash paid for income taxes           | $ -                                                      |                                                             | $ -                          






|See Notes to Consolidated Financial Statements

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**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS******



**Note 1. Summary of Significant Accounting Policies**





**Business Operations**





Vitasti, Inc. (formerly Global Golf Holdings, Inc.) (the "Company"), a Delaware corporation, is in the business of marketing, rental, and distribution of golf merchandise. As described in these financial statements, the Company acquired a business that sells and distributes low carbohydrate and sugar-free foods through retail and wholesale outlets in Western British Columbia, Canada, and through the internet.





**Consolidation**





The accompanying consolidated financial statements include the accounts of Global Golf Holdings, Inc. and its wholly-owned subsidiaries, Golflogix, Low Carb Centre, Inc., Low Carb Bakery, Inc., and McNabb and Associates. All intercompany accounts and transactions have been eliminated.





**Interim Period Financial Statements**





The interim period financial statements have been prepared by the Company pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such SEC rules and regulations. The interim period financial statements should be read together with the audited financial statements and accompanying notes included in the Company's audited financial statements for the years ended May 31, 2004 and 2003. In the opinion of the Company, the unaudited financial statements contained herein contain all adjustments necessary to present a fair statement of the results of the interim periods presented.





**Inventory/Cost of Sales**





Inventory consists of low carbohydrate foods and ingredients and is stated at the lower of cost (first-in, first-out method) or market. Shipping and handling costs will be included with cost of sales.





**Intangibles**





Intangible assets include options to purchase the exclusive license rights to market and distribute the "xCaddie Handheld GPS System" throughout various defined geographic locations. This asset has an indefinite useful life and is tested annually for impairment. As the option rights to various geographic areas are surrendered, a proportionate share of the option is considered impaired. As the option rights are exercised, the cost of the license plus a proportionate share of the capitalized option cost is capitalized to the product license and amortized over the term of the purchased product license agreement.


Intangible assets also include customer lists attributable to the acquisition of Low Carb Centre (See Note 3). The customer lists have an indefinite useful life and are tested annually for impairment.





Intangibles consist of the following at November 30, 2004:





|Product licenses, net                 |  | $115,102
|------------------------------------- |  | --------
|Options to purchase exclusive license |  | 266,210 
|Customer lists, Low Carb Centre       |  | 12,490  
|                                      |  | $393,802













**Foreign Currency Translation**





The Company translates foreign assets and liabilities of its Canadian subsidiaries at the rate of exchange at the balance sheet date. Revenues and expenses are translated at the average rate of exchange throughout the year. Gains or losses from these translations, if significant, are reported as a separate component of other comprehensive income, until all or a part of the investment in the subsidiary is sold or liquidated. Translation adjustments do not recognize the effect of income tax because the Company expects to reinvest the amounts indefinitely in operations.





**Revenue Recognition**





Revenue from equipment rentals is reported on the straight-line basis over the noncancelable lease term as it becomes receivable according to the provisions of the lease. Revenue from products sold is recognized when the sale is made, the price is fixed and determinable, and collectibility is probable.





**Comprehensive Income and Loss**





The Company has adopted Statement of Financial Accounting Standards No. 130, "Reporting Comprehensive Income." Other comprehensive gain and loss, which currently includes only foreign currency translation adjustments, is shown as a component of stockholders' equity.





**Loss Per Share**





Basic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares. Common stock issuable upon conversion of the Company's warrants, convertible debt, and preferred stock were not included in the computation of diluted earnings per share for all periods presented because they were anti-dilutive. On November 23, 2004, the Company completed an acquisition of subsidiaries (See Note 3) in exchange for 14,743,199 common shares. The shares were issued subsequent to November 30, 2004. For purposes of loss per share computations, all of these shares have been included as outstanding as of November 30, 2004.





**Stock-Based Compensation**





The Company has a stock-based equity incentive plan, which is described more fully in the audited financial statements for May 31, 2004. The Company accounts for the plan under the recognition and measurement principles of APB Opinion No. 25, "Accounting for Stock Issued to Employees," and related interpretations. No stock-based employee compensation cost is reflected in the net loss, since no options were granted under the plan. To the extent options are granted and those options have an exercise price equal to or greater than the market value of the underlying common stock on the date of grant, no stock-based employee compensation cost will be recorded. Compensation cost for stock options granted to non-employees is measured using the Black-Scholes valuation model at the date of grant multiplied by the number of options granted.





Since the Company has not issued stock options to employees, there is no effect on net loss or earnings per share had the Company applied the fair value recognition provisions of Statement Financial Accounting Standard No. 123 "Accounting for Stock-Based Compensation," to stock-based employee compensation.














**Note 2. Going Concern**





The Company has incurred significant losses from operations in each of the last two years and the interim period to date and has an accumulated deficit of $4,068,295 at November 30, 2004. The Company's ability to continue as a going concern is dependent upon the Company's obtaining additional financing and/or achieving a sustainable profitable level of operations. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.





Management of the Company has undertaken steps as part of a plan with the goal of sustaining Company operations for the next twelve months and beyond. These steps include: (a) focusing on promoting and expanding the business plan of Low Carb Centre, Inc. and related entities (See Note 3), (b) reconsidering the future of the Company's golf segment; (c) continuing efforts to raise additional capital and/or other forms of financing; and (d) controlling overhead and expenses. There can be no assurance that any of these efforts will be successful.




**Note 3. Acquisition of Subsidiaries**





On November 23, 2004, the Company completed its acquisition of the assets of Low Carb Centre, Inc., Low Carb Centre Bakery, Inc., and McNabb and Associates, Inc. (collectively, "Low Carb Centre"). Resulting operations of Low Carb Centre are included as of that date. The acquisition was made for the purpose of expanding the Company's operations. In consideration, the Company issued 14,743,199 shares of the Company's common stock to the shareholders of Low Carb Centre. In addition, the Company assumed convertible promissory notes issued by Low Carb Centre in the amount of $221,962. The purchase price amounted to $89,934, consisting of the fair value of the shares issued at the effective date of the purchase.





Following is a summary of the assets acquired and liabilities assumed:





|Assets acquired:             |  |          
|---------------------------- |  | ---------
|Current assets               |  | $160,137 
|Equipment                    |  | 139,269  
|Customer lists               |  | 12,490   
|Total assets acquired        |  | 311,896  
|Liabilities assumed:         |  |          
|Convertible promissory notes |  | (221,962)
|Purchase price               |  | $89,934  













**Note 4. Convertible Promissory Notes**





Prior to the purchase of Low Carb Centre, Low Carb Centre issued 12% Convertible Promissory Notes which, by agreement with the Company, became convertible into Vitasti, Inc. shares after the closing of the purchase. The notes are convertible at the rate of $0.125 per share. For those notes that were Canadian-denominated, the share conversion was determined based on the exchange rate on the date of the issuance of debt. The convertible debt also included detachable warrants to purchase additional shares at a rate of one additional share for each four shares convertible. The warrants are exercisable at $0.15 per share. Warrants to purchase a total of approximately 1,695,452 shares are outstanding in connection with this debt as of November 30, 2004. The warrants expire in three years from that date.





Following the closing of the purchase of Low Carb Centre, the recorded proceeds from the issuance of the debt were allocated on a pro rata basis between the carrying amount of the notes and the amount attributable to the fair value of detachable warrants.











**Note 5. Segment Reporting**





Effective as of the date of the purchase of Low Carb Centre, the Company operates in two segments, rental and distribution of golf merchandise and retail and wholesale distribution of food products. At November 30, 2004, there are no material operations to report from the retail and wholesale distribution of food products segment. As of November 30, 2004, assets and liabilities attributable to the food product segment amounted to $311,896 and $178,705, respectively.





As of November 30, 2004, the Company does not consider its golf segment to have been discontinued nor does it consider the carrying value of the related intangible assets to have been impaired. If management were to decide on divestiture of the golf segment, the carrying value of the intangible assets of $381,312, as of November 30, 2004, may be determined to be impaired in consideration of any future net value that could be realized on existing equipment leases and/or from the sale to a third party of the product license or the options to purchase exclusive licenses.


**Note 6. Subsequent Events**





Effective December 9, 2004, the Board of Directors approved a 1 for 34 reverse stock split. Presentation of shares issued and outstanding, common stock amounts reported, and loss per share have been restated to give affect to the reverse split for all periods presented.







**ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS AND PLAN OF OPERATION**





*This discussion and analysis should be read in conjunction with the accompanying Consolidated Financial Statements and related notes. Our discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of any contingent liabilities at the financial statement date and reported amounts of revenue and expenses during the reporting period. On an on-going basis we review our estimates and assumptions. Our estimates were based on our historical experience and other assumptions that we believe to be reasonable under the circumstances. Actual results are likely to differ from those estimates under different assumptions or conditions, but we do not believe such differences will materially affect our financial position or results of operations. Our critical accounting policies, the policies we believe are most important to the presentation of our financial statements and require the most difficult, subjective and complex judgments, are outlined below inCritical Accounting Policies, and have not changed significantly.*





*In addition, certain statements made in this report may constitute forward-looking statements. These forward-looking statements involve known or unknown risks, uncertainties and other factors that 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 the forward-looking statements. Specifically, 1) our ability to obtain necessary regulatory approvals for our products; and 2) our ability to increase revenues and operating income, is dependent upon our ability to develop and sell our products, general economic conditions, and other factors. You can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continues" or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected-in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.*





**OVERVIEW**





The Company was incorporated on December 18, 1997, pursuant to the laws of the State of Delaware under the name of Autoeye Inc. On February 25, 2000, as part of an acquisition of The Forest Industry Online Inc., we changed our name to forestindustry.com, Inc. Prior to this acquisition, our Company was inactive. On October 25, 2002, we entered into a share exchange agreement with GolfLogix, Inc., a British Columbia, Canada corporation (GolfLogix Canada) that was incorporated in February 2000, as West Coast Electric Vehicle Distributors, Inc. Under the terms of the Share Exchange Agreement, we acquired all of the outstanding shares of GolfLogix Canada in exchange for 2,500,000 shares of our common stock. As a result, GolfLogix Canada was a wholly owned subsidiary of our Company.





Prior to the acquisition of Golflogix Canada, our business activities included designing web sites and operating and maintaining a computer internet web site for companies associated with the forest and wood product industries. However, subsequent to the acquisition of this business we failed to generate profitability and incurred negative cash flows from operations. GolfLogix Canada, a distributor of golfing merchandise had entered into an agreement to purchase an exclusive licensing right to market and distribute the GolfLogix System in Canada.





After our acquisition of GolfLogix Canada, on November 30, 2002, we entered into a stock purchase agreement with Cherry Point Consulting, resulting in a divestiture of the assets of Forest Industry Online. Under the agreement, Cherry Point Consulting purchased shares of Forest Industry Online and assumed all of the related assets and liabilities of the same. In December 2002, we changed our name to Global Golf Holdings, Inc.





On June 27, 2003, the Company paid $50,000 to execute an exclusive licensing agreement for the distribution of the GolfLogix System for Western Canada.





On April 15, 2004, the Company filed a Form 8-K announcing that due to lack of success in executing the Companys business plan and considerable underfunding of the same, that the Board of Directors had determined that it was no longer viable to continue operations under the current business plan. In the interim, the company continues to operate its Golflogix business segment.





In accord with the foregoing, the Company announced the retention of BCGU. BCGU was retained in order to assist the Company in winding down the failed operations of the Company and to assist in identifying and developing a new strategic operational focus for the Company. BCGU, to date, has helped the Company reduce its debt and the number of outstanding liabilities. BCGU was able to secure debt assignment agreements and debt settlement agreements from several of the largest Company creditors, including the settlement of $193,158.00 in debt in consideration for the issuance of 5,000,000 restricted shares.





On October 13, 2004, the Company announced that it had entered into an Acquisition Agreement to acquire the assets of Low Carb Centre, Inc., Low Carb Centre Bakery, Inc. and McNabb and Associates, Inc. as described below.





On November 23, 2004, the Company closed on the Acquisition Agreement. On December 2, 2004, the Company filed a Form 8-K detailing the entire terms of the transaction and the focus of the Company on a going forward basis. The entire contents of Form 8-K are incorporated by reference herein and attached hereto as an Exhibit. Additionally, the DEF 14C filed by the Company on October 27, 2004 is also incorporated by reference herein and attached hereto as an Exhibit.








Going Concern .





The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The history of losses and the inability for the Company to make a profit from selling a good or service has raised substantial doubt about our ability to continue as a going concern.





In spite of the fact that the current obligations of the Company are relatively minimal, given the cash position of the Company, we have very little cash to operate .





We intend to fund the Company and attempt to meet corporate obligations by selling common stock. However, the Company's common stock is very volatile and any investment in the Company is extremely risky.







**ITEM 3. CONTROLS AND PROCEDURES**





*Evaluation of Disclosure Controls and Procedures*





As of the end of the periods covered by this report, we have evaluated, under the supervision and with the participation of management, including our chief executive officer and the chief financial officer, the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Security Exchange Act of 1934, Rules 13a - 15(e) and 15d - 15(e)). Based on this evaluation our management, including our chief executive officer and chief financial officer, have concluded that as of the date of the evaluation our disclosure controls and procedures were effective to ensure that all material information required to be filed in this report has been made known to them.





*Changes In Internal Controls Over Financial Reporting*





There have been no changes in internal controls over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.








**PART II.**





**ITEM 1. LEGAL PROCEEDINGS**





None.





**ITEM 2. UNRESGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**





The following are incorporated by reference herein:





(a)
Form 8-K filed on December 2, 2004; and


(b)
DEF 14C filed on October 27, 2004.





**ITEM 3. DEFAULTS UPON SENIOR SECURITIES**





None.





**ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





The following are incorporated by reference herein:





(c)
Form 8-K filed on December 2, 2004; and


(d)
DEF 14C filed on October 27, 2004.





**ITEM 5. OTHER INFORMATION**





None.





**ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K**





(a) Exhibits.





EXHIBIT NUMBER
DESCRIPTION
LOCATION3.1 - 3.2
Articles of Incorporation and Bylaws
Incorporated by reference as Exhibits to the Form 8-K filed on December 2, 2004.31.1
CEO Certification
Filed herewith31.2
CFO Certification
Filed herewith99.1
CEO and CFO Certification
Filed herewith99.2
Form 8-K dated December 2, 2004
Filed herewith99.3
DEF 14C filed on October 27, 2004
Filed herewith


(b)  Reports on Form 8-K .





The following reports on Form 8-K are incorporated by reference herein:





(a)
Form 8-K filed on October 14, 2004;


(b)
Form 8-K/A filed on October 14, 2004; and


(c)
Form 8-K filed on December 2, 2004.










**Vitasti, Inc.**





**SIGNATURES** ****





Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.





/s/ Tammy-Lynn McNabb


_________________________


Date: January 21, 2005       By: Tammy-Lynn McNabb


Its: *CEO*