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| DAM HOLDINGS, INC.                                                                 |
|------------------------------------------------------------------------------------|
| (Exact name of small business issuer in its charter)                               |
|                                                                               |   |   |
| Nevada                                                                             |   | 33-1041835 |
| (State or other jurisdiction of  incorporation or organization)          |   | (I.R.S. Employer Identification No.) |
|                                                                               |
| P.O. Box 503, Totowa, NJ 07511                                                     |
| (Address of principal executive offices)                                           |
|                                                                               |
| (973) 981-8626                                                                     |
| (Issuer's telephone number)                                                        |
|                                                                               |
|                                                                               |
| (Former name, former address and former fiscal year, if changed since last report) |

| Large accelerated filer | o                                                                       | Accelerated filer         | o |
|-------------------------|-------------------------------------------------------------------------|---------------------------|---|
| Non-accelerated filer   | o     (Do not check if a smaller reporting company) | Smaller reporting company | x |

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|     |                                                                                        | Page   |
|----------|---------------------------------------------------------------------------------------------|--------|
| PART I   | FINANCIAL INFORMATION                                                                       | 3      |
| Item 1.  | Financial Statements                                                                        | 3      |
|     | Condensed Consolidated Balance Sheets (Unaudited)                                           | 3      |
|     | Condensed Consolidated Statements of Operations (Unaudited)                                 | 4      |
|     | Condensed Consolidated Statements of Cash Flows (Unaudited)                                 | 5      |
|     | Notes to the Condensed Consolidated Financial Statements (Unaudited)                        | 6      |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 13     |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                  | 15     |
| Item 4T. | Controls and Procedures                                                                     | 15     |
|     |                                                                                        |   |
| PART II  | OTHER INFORMATION                                                                           | 15     |
| Item 1.  | Legal Proceedings                                                                           | 15     |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 16     |
| Item 3.  | Defaults Upon Senior Securities                                                             | 16     |
| Item 4.  | Submission of matters to a Vote of Security Holders                                         | 16     |
| Item 5.  | Other Information                                                                           | 16     |
| Item 6.  | Exhibits                                                                                    | 16     |
|     | Signatures                                                                                  | 17     |

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|                                                       |   | March 31    |       |   | December 31 |   |
|------------------------------------------------------------|--------|-------------|------------|--------|-------------|--------|
|                                                       |   | 2011        |       |   | 2010        |   |
|                                                       |   | (Unaudited) |       |   | (Audited)   |   |
| ASSETS                                                     |   |        |       |   |        |   |
| Current Assets:                                            |   |        |       |   |        |   |
| Cash                                                       |   | $           | 124        |   |        | $      | 124 |   |
| Accounts Receivable                                        |   |        | -          |   |        |   | - |   |
| Prepaid Expenses                                           |   |        | 295        |   |        |   | 295 |   |
| Inventory (net of valuation reserve of $13,580)            |   |        | 94,552     |   |        |   | 94,552 |   |
| Total Current Assets                                       |   |        | 94,971     |   |        |   | 94,971 |   |
|                                                       |   |        |       |   |        |   |   |   |
| Equipment                                                  |   |        | 8,339      |   |        |   | 8,339 |   |
| Less:  Accumulated Depreciation                  |   |        | (8,339     | )      |        |   | (7,853 | ) |
| Total Equipment                                            |   |        | -          |   |        |   | 486 |   |
|                                                       |   |        |       |   |        |   |   |   |
| Total Assets                                               |   | $           | 94,971     |   |        | $      | 95,457 |   |
|                                                       |   |        |       |   |        |   |   |   |
| LIABILITIES & STOCKHOLDERS' (DEFICIT)                  |   |        |       |   |        |   |   |   |
| Current Liabilities                                        |   |        |       |   |        |   |   |   |
| Accounts Payable                                           |   | $           | 210,791    |   |        | $      | 198,218 |   |
| Accrued Payroll Taxes Payable                              |   |        | 29,980     |   |        |   | 29,980 |   |
| Promissory Notes Payable Officers                          |   |        | 191,667    |   |        |   | 186,083 |   |
| Promissory Notes Payable                                   |   |        | 207,043    |   |        |   | 200,677 |   |
| Current Portion of Long Term Notes Payable                 |   |        | 63,889     |   |        |   | 63,014 |   |
| Total Current Liabilities                                  |   |        | 703,370    |   |        |   | 677,972 |   |
|                                                       |   |        |       |   |        |   |   |   |
| Long Term Notes Payable                                    |   |        | -          |   |        |   | - |   |
|                                                       |   |        |       |   |        |   |   |   |
| Total Liabilities                                          |   |        | 703,370    |   |        |   | 677,972 |   |
|                                                       |   |        |       |   |        |   |   |   |
| Stockholders' Deficit                                      |   |        |       |   |        |   |   |   |
| Preferred Stock - $0.0001 par value, 338,000 shares        |   |        |       |   |        |   |   |   |
| authorized no shares issued and outstanding                |   |        | -          |   |        |   | - |   |
| Series A Preferred Stock - $5 stated value, 660,000 shares |   |        |       |   |        |   |   |   |
| authorized 60,000 shares issued and outstanding            |   |        | 300,000    |   |        |   | 300,000 |   |
| Series B Preferred Stock - $500 stated value, 2,000 shares |   |        |       |   |        |   |   |   |
| authorized 30 shares issued and outstanding                |   |        | 15,000     |   |        |   | 15,000 |   |
| Common Stock - $.00015 par value, 99,000,000 shares        |   |        |       |   |        |   |   |   |
| authorized, 1,291,939 shares issued and outstanding        |   |        | 194        |   |        |   | 194 |   |
| Additional Paid-In Capital                                 |   |        | 2,009,231  |   |        |   | 1,969,078 |   |
| Accumulated Deficit                                        |   |        | (2,932,824 | )      |        |   | (2,866,787 | ) |
| Total Stockholders' Deficit                                |   |        | (608,399   | )      |        |   | (582,515 | ) |
|                                                       |   |        |       |   |        |   |   |   |
| Total Liabilities and Stockholders' Deficit                |   | $           | 94,971     |   |        | $      | 95,457 |   |

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|                                |   | For the Three Month Period |      |
|-------------------------------------|--------|----------------------------|-----------|
|                                |   | Ending March 31            |      |
|                                |   | 2011                       |      |   | 2010 |   |
|                                |   | (Unaudited)                |      |   | (Unaudited) |   |
|                                |   |                       |      |   |   |   |
| Revenues                            |   | $                          | -         |   |   | $ | 1,189 |   |
| Cost of Goods Sold                  |   |                       | -         |   |   |   | 1,202 |   |
|                                |   |                       |      |   |   |   |   |   |
| Gross Profit                        |   |                       | -         |   |   |   | (13 | ) |
|                                |   |                       |      |   |   |   |   |   |
| Operating Expenses                  |   |                       |      |   |   |   |   |   |
| General and Administrative          |   |                       | 49,254    |   |   |   | 49,895 |   |
| Depreciation and amortization       |   |                       | 486       |   |   |   | 1,424 |   |
|                                |   |                       |      |   |   |   |   |   |
| Total Operating Expenses            |   |                       | 49,740    |   |   |   | 51,319 |   |
|                                |   |                       |      |   |   |   |   |   |
| Other Expenses                      |   |                       |      |   |   |   |   |   |
| Interest expense                    |   |                       | 16,297    |   |   |   | 9,422 |   |
|                                |   |                       |      |   |   |   |   |   |
| Net  (Loss)               |   | $                          | (66,037   | ) |   | $ | (60,754 | ) |
|                                |   |                       |      |   |   |   |   |   |
| Net (Loss) Per Common Share         |   | $                          | (0.05     | ) |   | $ | (0.05 | ) |
|                                |   |                       |      |   |   |   |   |   |
| Weighted average shares outstanding |   |                       | 1,291,939 |   |   |   | 1,291,939 |   |

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|                                                                            |   | For The Three Period         |    |
|---------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                            |   | Ending March 31,             |    |
|                                                                            |   | 2011                         |    |   | 2010 |   |
|                                                                            |   | (Unaudited)                  |    |   | (Unaudited) |   |
| Cash Flows from Operating Activities                                            |   |                         |    |   |   |   |
|                                                                            |   |                         |    |   |   |   |
| Net (Loss)                                                                      |   | $                            | (66,037 | ) |   | $ | (60,754 | ) |
|                                                                            |   |                         |    |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by operating activities: |   |                         |    |   |   |   |   |   |
| Depreciation & amortization                                                 |   |                         | 486     |   |   |   | 1,424 |   |
| Services contributed to capital                                                 |   |                         | 40,153  |   |   |   | - |   |
| Changes in assets and liabilities:                                              |   |                         |    |   |   |   |   |   |
| Prepaid expenses                                                                |   |                         | -       |   |   |   | 3,000 |   |
| Inventory                                                                       |   |                         | -       |   |   |   | 105 |   |
| Accounts payable                                                                |   |                         | 12,573  |   |   |   | 60,420 |   |
| Accrued payroll and payroll taxes                                               |   |                         | -       |   |   |   | 2,065 |   |
| Notes payable interest expense                                                  |   |                         | 12,825  |   |   |   | (9,989 | ) |
|                                                                            |   |                         |    |   |   |   |   |   |
| Net Cash Used in Operating Activities                                           |   |                         | -       |   |   |   | (3,729 | ) |
|                                                                            |   |                         |    |   |   |   |   |   |
| Cash Flows Used in Investing Activities:                                        |   |                         |    |   |   |   |   |   |
| Capitalized costs                                                               |   |                         | -       |   |   |   | - |   |
| Cash Flows Used in Investing Activities                                         |   |                         | -       |   |   |   | - |   |
|                                                                            |   |                         |    |   |   |   |   |   |
| Cash Flows From Financing Activities:                                           |   |                         |    |   |   |   |   |   |
| Advances from officer                                                           |   |                         | -       |   |   |   | 2,000 |   |
| Increase in notes payable                                                       |   |                         | -       |   |   |   | 2,295 |   |
| Net Cash From Financing Activities                                              |   |                         | -       |   |   |   | 4,295 |   |
|                                                                            |   |                         |    |   |   |   |   |   |
| Net (Decrease) Increase in Cash                                                 |   | $                            | -       |   |   | $ | 566 |   |
| Cash at Beginning of Period                                                     |   |                         | 124     |   |   |   | 696 |   |
| Cash at End of Period                                                           |   | $                            | 124     |   |   | $ | 1,262 |   |
|                                                                            |   |                         |    |   |   |   |   |   |
|                                                                            |   |                         |    |   |   |   |   |   |
|                                                                            |   | Three Months Ended March 31, |    |
|                                                                            |   |                         | 2011    |   |   |   | 2010 |   |
| Cash paid for:                                                                  |   |                         |    |   |   |   |   |   |
| Interest                                                                        |   | $                            | -       |   |   | $ | 2,500 |   |
| Taxes                                                                           |   | $                            | -       |   |   | $ | - |   |

| Supplemental Schedule of Non-cash Investing and Financing Activities;                    |
|------------------------------------------------------------------------------------------|
|                                                                                     |   |   |   |   |
| For the three months ended March 31, 2011                                                |
|                                                                                     |   |   |   |   |
| Wages and services contributed to paid in capital by shareholders $40,153.               |
|                                                                                     |   |   |   |   |
| For the three months ended March 31, 2010                                                |
|                                                                                     |   |   |   |   |
| Increase in vendor notes payable in the amount of $18,000 for legal and accounting fees. |

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|                     |   | March 31, |   |   | December 31, |   |
|--------------------------|--------|-----------|--------|--------|--------------|--------|
|                     |   | 2011      |   |   | 2010         |   |
|                     |   |      |   |   |         |   |
| Motorcycles              |   | $         | 83,246 |   |         | $      | 83,246 |   |
| Parts and supplies       |   |      | 22,929 |   |         |   | 22,929 |   |
| Less valuation allowance |   |      | 11,623 |   |         |   | 11,623 |   |
|                     |   | $         | 94,552 |   |         | $      | 94,552 |   |

|                           |   | March 31, |   |   | December 31, |   |
|--------------------------------|--------|-----------|--------|--------|--------------|--------|
|                           |   | 2010      |   |   | 2010         |   |
|                           |   |      |   |   |         |   |
| Machinery, plant and equipment |   | $         | 8,339  |   |         | $      | 8,339 |   |
| Accumulated depreciation       |   |      | (8,339 | )      |         |   | (7,853 | ) |
|                           |   | $         | -      |   |         | $      | 486 |   |

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| Demand promissory notes due officer with interest at 12% per annum                                                                                                            |   | $      | 191,667  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|
|                                                                                                                                                                          |   |   |     |   |
| Demand promissory notes due vendors with interest at 12% per annum.                                                                                                           |   |   | 207,760  |   |
|                                                                                                                                                                          |   |   |     |   |
| Unsecured convertible promissory notes with interest at 6% per annum and convertible at the rate of $40.00 per share.  These notes are past due and are in default. |   |   | 57,705   |   |
|                                                                                                                                                                          |   |   |     |   |
| Secured convertible promissory note with interest at 10% per annum and convertible at the rate of $0.12 per share.  This note is past due and is in default.        |   |   | 6,192    |   |
| Total                                                                                                                                                                         |   | $      | 463,390  |   |
| Less current portion                                                                                                                                                          |   |   | (463,390 | )      |
| Long-term debt                                                                                                                                                                |   | $      | -        |   |

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|                                                                         |   |   |    |   | Conversion |   |   | Number of |       |
|------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|--------|-----------|------------|
|                                                                         |   | Amount |    |   | Rate       |   |   | Shares    |       |
| Shares of common stock authorized                                            |   |   |    |   |       |   |   |      | 99,000,000 |   |
| Shares of common stock outstanding                                           |   |   |    |   |       |   |   |      | 1,291,939  |   |
| Shares of common stock reserved for issuance upon exercise of conversion of: |   |   |    |   |       |   |   |      |       |   |
| Secured convertible promissory note                                          |   | $      | 6,192   |   |       | $      | 0.12   |      |       |   | 51,600 |   |
| Unsecured convertible promissory notes                                       |   |   | 57,705  |   |       |   | 40.00  |      |       |   | 1,442 |   |
| Series A convertible preferred stock                                         |   |   | 300,000 |   |       |   | 22.50  |      |       |   | 13,333 |   |
| Series B convertible preferred stock                                         |   |   | 15,000  |   |       |   | 1.00   |      |       |   | 15,000 |   |
| Class A warrants                                                             |   |   |    |   |       |   | 45.00  |      |       |   | 13,333 |   |
| Class B warrants                                                             |   |   |    |   |       |   | 25.00  |      |       |   | 600 |   |
| 2009 Consultants Stock Compensation Plan                                     |   |   |    |   |       |   |   |      |       |   |   |   |
| Vested options outstanding                                                   |   |   |    |   |       |   | 1.00   |      |       |   | 200,000 |   |
| Reserved for future grant                                                    |   |   |    |   |       |   |   |      |       |   | 740,000 |   |
| Selling agent warrants                                                       |   |   |    |   |       |   | 54.00  |      |       |   | 2,497 |   |
| Shares of common stock available for future issuance                         |   |   |    |   |       |   |   |      |       |   | 96,670,256 |   |

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|                                                              |   | For the Three Months |    |   | For the Twelve Months           |   |
|-------------------------------------------------------------------|--------|----------------------|---------|--------|---------------------------------|--------|
|                                                              |   | Ended March 31, 2011 |    |   | Ended December 31, 2010         |   |
|                                                              |   | Shares               |    |   | Weighted Average Exercise Price |   |   | Shares |   |   | Weighted Average Exercise Price |   |
| Outstanding at beginning of period                                |   |                 | 216,430 |   |                            | $      | 4.39 |   |   |   | 216,430 |   |   | $ | 4.39 |   |
| Granted                                                           |   |                 | -       |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Exercised                                                         |   |                 | -       |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Forfeited                                                         |   |                 | -       |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Expired                                                           |   |                 | -       |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Outstanding at end of period                                      |   |                 | 216,430 |   |                            | $      | 4.39 |   |   |   | 216,430 |   |   | $ | 4.39 |   |
|                                                              |   |                 |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average fair value of warrants granted during the period |   |                 | 216,430 |   |                            | $      | 4.39 |   |   |   | 216,430 |   |   | $ | 4.39 |   |

|     | Warrants Outstanding |   |        | Warrants Exercisable |   |
|----------|----------------------|--------|-------------|----------------------|--------|
|     |                 |   |        |                 |   |   | Weighted |   |   |   |   |   |   |   |   |   |   |
|     |                 |   |        |                 |   |   | Average |   | Weighted |   |   |   |   | Weighted |   |
|     |                 |   |        |                 |   |   | Remaining |   | Average |   |   |   |   | Average |   |
| Exercise |                 |   | Number      |                 |   | Contractual |   | Exercise |   |   | Number |   | Exercise |   |
| Prices   |                 |   | Outstanding |                 |   | Life |   | Price |   |   | Exercisable |   | Price |   |
|     | $                    | 45.00  |        |                 |   | 13,333 |   |   |   | 1.75 |   |   | $ | 45.00 |   |   |   | 13,333 |   |   | $ | 45.00 |   |
|     | $                    | 25.00  |        |                 |   | 600 |   |   |   | 2.83 |   |   | $ | 25.00 |   |   |   | 600 |   |   | $ | 25.00 |   |
|     | $                    | 54.00  |        |                 |   | 2,497 |   |   |   | 1.83 |   |   | $ | 54.00 |   |   |   | 2,497 |   |   | $ | 54.00 |   |
|     | $                    | 1.00   |        |                 |   | 200,000 |   |   |   | 8.75 |   |   | $ | 1.00 |   |   |   | 200,000 |   |   | $ | 1.00 |   |

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|                                        |   | March 31, |      |   | December 31, |   |
|---------------------------------------------|--------|-----------|-----------|--------|--------------|--------|
|                                        |   | 2011      |      |   | 2010         |   |
| Deferred tax assets:                        |   |      |      |   |         |   |
| Net operating loss and credit carryforwards |   | $         | 1,102,000 |   |         | $      | 1,089,080 |   |
| Less valuation allowance                    |   |      | 1,102,000 |   |         |   | 1,089,080 |   |
| Total deferred tax assets                   |   | $         | -         |   |         | $      | - |   |

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xhi

|        |              |                                                                                                                                                                                   |
|-------------|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit No. |              | Exhibit                                                                                                                                                                                |
|        |              |                                                                                                                                                                                   |
| 31*         |              | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer and Principal Financial & Accounting Officer                                                                 |
|        |              |                                                                                                                                                                                   |
| 32*         |              | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Principal Executive Officer and Principal Accounting Officer |
|        |              |                                                                                                                                                                                   |
|        | * Filed herewith. |

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|   |               |   | DAM Holdings, Inc.                                          |   |
|--------|--------------------|--------|-------------------------------------------------------------|--------|
|   |               |   |                                                        |   |
|   |               |   |                                                        |   |
| Date:  | September 21, 2011 |   | /s/ MARK S. KLEIN                                           |   |
|   |               |   | Mark S. Klein, President                                    |   |
|   |               |   | Principal Executive Officer andPrincipal Accounting Officer |   |

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