ABC ACQUISITION CORP 1501
                        (A Development Stage Company)

                        Audited Financial Statements

 As of December 31, 2009 and For the Period From July 10, 2009 (Inception) to
                              December 31, 2009


                           ABC ACQUISITION CORP 1501
                         (A Development Stage Company)

                                                                  Page No.

Index to Financial Statements                                      F - 1

Report of Independent Registered Public Accounting Firm            F - 2

Balance Sheet at
   December 31, 2009                                               F - 3

Statement of Operations
For the period from July 10, 2009 (Inception) to
   December 31, 2009                                               F - 4

Statement of Stockholder's Deficit
For the period from July 10, 2009 (Inception) to
   December 31, 2009                                               F - 5

Statement of Cash Flows
For the period from July 10, 2009 (Inception) to
   December 31, 2009                                               F - 6

Notes to Financial Statements                                 F - 7 thru F - 9
















          REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





BOARD OF DIRECTORS AND STOCKHOLDER
ABC Acquisition Corp 1501
(A Development Stage Company)

We have audited the accompanying balance sheet of ABC Acquisition Corp 1501 (a
development stage company) (the "Company") as of December 31, 2009, and the
related statements of operations, stockholder's deficit and cash flows for the
period from July 10, 2009 (inception) through  December 31, 2009.  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.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, 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 financial statements referred to above present fairly, in
all material respects, the financial position of  the Company as of December
31, 2009, and the results of its operations and cash flows for the period from
July 10, 2009 (inception) through  December 31, 2009, in conformity with
accounting principles generally accepted in the United States of America.



/s/UHY LLP
UHY LLP
Southfield, MI
April 6, 2010

                          ABC Acquisition Corp 1501
                        (A Development Stage Company)
                               Balance Sheet
                             December 31, 2009




ASSETS
  Current Assets
    Cash                                  $            0
      Total Current Assets                             0

TOTAL ASSETS                              $            0

LIABILITIES & STOCKHOLDER'S DEFICIT
    Current Liabilities
      Accounts Payable                    $        2,946
      Due to Officer                              10,000
        Total Current Liabilities                 12,946

  Stockholder's Equity
    Preferred Stock, par value $0.0001, 100            0
    Common Stock par value $0.0001; 400,000        3,500
    Deficit accumulated during the developm      (16,446)
      Total Stockholder's Deficit                (12,946)


  TOTAL LIABILITIES AND STOCKHOLDER'S DEFI$            0

                           ABC Acquisition Corp 1501
                         (A Development Stage Company)
                            Statement of Operations
     For the period from July 10, 2009 (Inception) to December 31, 2009



      General and Administrative Expenses
        Administrative Fees         $             500
        Business Licenses and Permits             648
        Filing Fees                               543
        Professional Fees                      13,000
        Transfer Agency Fees                    1,755
      Total General and Administrativ          16,446


  Net Loss                          $         (16,446)

  Net Loss Per Share:
    Basic and Diluted                                                    -

  Weighted Average Shares Outstanding:
      Basic and Diluted                                   35,000,000


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

                         ABC Acquisition Corp 1501
                       (A Development Stage Company)
                         Statement of Cash Flows
   For the Period From July 10, 2009 (Inception) to December 31, 2009





                CASH FLOWS FROM OPERATING ACTIVITIES:
                   Net Loss                           $          (16,446)
                   Adjustments to reconcile Net Loss
                   to net cash used in operations activities:
                      Accounts Payable                             2,946
                          Net cash used by Operating Ac          (13,500)

                CASH FLOWS FROM FINANCING ACTIVITIES:
                   Proceeds from sale of common stock              3,500
                   Advances from Officer                          10,000
                      Net cash provided by Financing Ac           13,500


                NET CHANGE IN CASH AND CASH EQUIVALENTS                0

                CASH AND CASH EQUIVALENTS:
                   Beginning of the Period                             0

                   End of the Period                  $                0

                The accompanying notes are an integral part of these financial
                statements


                           ABC ACQUISITION CORP 1501
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDER'S DEFICIT
     FOR THE PERIOD FROM JULY 10, 2009 (INCEPTION) TO DECEMBER 31, 2009


                                                  Deficit
                                                 Accumulated
                                                 During the
                             Common Stock        Development
                               Shares    Value     Stage      Total

Balance, July 10, 2009 (Incep           $       $           $         -

Common Stock Issued           35,000,000  3,500                  3,500

Net Loss                                                (16,4  (16,446)

Balance, December 31, 2009    35,000,00 $ 3,500 $       (16 $  (12,946)

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



                          ABC ACQUISITION CORP 1501
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF BUSINESS

ABC Acquisition Corp 1501 (the "Company") was incorporated on July 10, 2009 in
the state of Nevada.  The Company intends to serve as a vehicle to effect an
asset acquisition, merger, exchange of capital stock or other business
combination with a domestic or foreign business.

At December 31, 2009, the Company has not yet commenced any operations.  All
activity from July 10, 2009 (date of inception) through December 31, 2009
relates to the Company's formation and the filing of its effective registration
statement.

The Company, based on proposed business activities, is a ''blank check''
company.  The Securities and Exchange Commission defines such a Company as ''a
development stage company'' when it has no specific business plan or purpose,
or has indicated that its business plan is to engage in a merger or acquisition
with an unidentified company or companies, or other entity or person; and is
issued 'penny stock,' as defined in Rule 3a 51-1 under the Securities Exchange
Act of 1934.  Many states have
enacted statutes, rules and regulations limiting the sale of securities of
''blank check'' companies in
their respective jurisdictions.  Management does not intend to undertake any
efforts to cause a market
to develop in its securities, either debt or equity, until the Company
concludes a business combination.

The Company was organized as a vehicle to investigate and, if such
investigation warrants, acquire a target company or business seeking the
perceived advantages of being a publicly held corporation and, to a lesser
extent, desires to employ the Company's funds in its business.  The Company's
principal business objective for the next twelve (12) months, and beyond such
time, will be to achieve long-term growth potential through a combination with
a business rather than immediate, short-term earnings.  The Company will not
restrict its potential candidate target companies to any specific business,
industry or geographical location and, thus, may acquire any type of business.
The analysis of new business opportunities will be undertaken by or under the
supervision of the officers and directors of the Company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in
understanding the Company's financial statements.  These accounting policies
conform to accounting principles, generally accepted in the United States of
America, and have been consistently applied in the preparation of the financial
statements.

Development Stage Company
The Company is a development stage company.  The Company is still devoting
substantially all of its efforts on establishing the business and its planned
principal operations have not commenced.  All losses accumulated, since
inception, have been considered as part of the Company's development stage
activities.

Use of Estimates
The preparation of financial statements, in conformity with generally accepted
accounting principles in
the United States of America, requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities,
disclosures of contingent assets and liabilities as of the date of the
financial statements and the reported amounts of revenues and expenses during
the reporting period.  Actual results could differ from these estimates.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash Equivalents
The Company considers all highly liquid investments with maturities of three
months or less at the time of purchase to be cash equivalents.

                                    F - 7

Income Taxes
The Company accounts for income taxes under the asset and liability method,
where deferred tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statements
carrying amounts of existing assets and liabilities and their respective tax
bases.  Deferred tax assets and liabilities are measured using enacted tax
rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  Valuation allowances are
established when necessary to reduce deferred tax assets to the amount expected
to be realized.

The Company has incurred losses since July 10, 2009 (inception).  The Company
has a deferred tax asset of $5,500 as of December 31, 2009 which is comprised
of a net operating loss carryforward of approximately $16,000 for income tax
purposes.  The Company is uncertain whether it will realize any future tax
benefit of it's deferred tax asset and accordingly, a full valuation allowance
of $5,500 was provided against the Company's deferred tax asset.

At inception, the Company adopted Accounting Standards Codification guidance
regarding accounting for uncertainty in income taxes.  This guidance clarifies
the accounting for income taxes by
prescribing the minimum recognition threshold an income tax positions is
required to meet before being recognized in the financial statements and
applies to all income tax positions.  Each income tax position is assessed
using a two step process.  A determination is first made as to whether it is
more likely than not that the income tax position will be sustained, based upon
the technical merits, upon  examination by the taxing authorities.  If the
income tax position is expected to meet the more likely than not criteria, the
benefit recorded in the financial statements equals the largest amount that is
greater than 50% likely to be realized upon its ultimate settlement.  At
December 31, 2009, there were no uncertain tax positions that require accrual.

Net Loss Per Share
Basic loss per share is computed by dividing net income, or loss, by the
weighted average number of shares of common stock outstanding for the period.
Diluted earnings (loss) per share is computed by dividing net income, or loss,
by the weighted average number of shares of both common and preferred stock
outstanding for the period.

As of December 31, 2009 basic and diluted loss per share was the same as there
were no outstanding instruments having a dilutive effect.

Recently Issued Accounting Pronouncements
In June 2009, the Financial Accounting Standards Board ("FASB") established the
FASB Accounting Standards Codification (Codification), which officially
commenced July 1, 2009, to become the source of
authoritative US GAAP recognized by the FASB to be applied by nongovernmental
entities.  Rules and interpretive releases of the SEC under authority of
federal securities laws are also sources of authoritative US GAAP for SEC
registrants.  Generally, the Codification is not expected to change US GAAP.
All other accounting literature excluded from the Codification will be
considered non-authoritative.  The Codification
is effective for financial statements issued for interim and annual periods
ending after September 15, 2009.  We adopted the new standards for our year
ending December 31, 2009.  All references to authoritative accounting
literature are now referenced in accordance with the Codification.

NOTE 3 - RELATED PARTY TRANSACTION

As of December 31, 2009 the Company received $10,000 from its sole shareholder
to be used for working capital.  The loan is unsecured, non-interest bearing
and payable on demand.

                                     F - 8

NOTE 4 - STOCKHOLDER'S EQUITY

The Company is authorized to issue a maximum of 500,000,000 shares; 400,000,000
of which are common shares with a par value of $0.0001 and 100,000,000
preferred shares with a par value of $0.0001.

On July 14, 2009, the Company issued 35,000,000 shares of common stock at the
par value of $0.0001 and received $3,500 in cash to pay for accounting and
filing fees.

The Company is authorized to issue 100,000,000 shares of preferred stock with
such designations, voting and other rights and preferences, as may be
determined from time to time by the Board of Directors.

NOTE 5 - SUBSEQUENT EVENTS

The Company has performed a review of all events that occurred after December
31, 2009.  The Company did not have any subsequent events.

                                   F - 9