|                                                                                 |   |                                                                                       |
|--------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|
|              þ |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |

|                                                                            |   |                                                                                     |
|---------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|
|              o |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|                                                          |   |                                |
|---------------------------------------------------------------|--------|-------------------------------------|
| Delaware                                                      |   | 11-3363609                          |
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |

|                                  |   |                                         |
|---------------------------------------|--------|----------------------------------------------|
| (631) 780-7055                   |   |                                         |
| (Registrant’s telephone number) |   | (Registrant’s former telephone number) |

|                      |   |                                       |
|---------------------------|--------|--------------------------------------------|
| Title of Each Class: NONE |   | Name of Each Exchange on Which Registered: |

----

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

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|                |   |                                                                                                                                                                      |         |   |           |   |
|---------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|----------------|--------|
|                |   |                                                                                                                                                                      | Page No.     |   |
| PART I              |   |                                                                                                                                                                      |    |   |
|                |   |                                                                                                                                                                      |         |   |      |   |
| Item 1         |   | Business                                                                                                                                                                  |         |   |   1  |   |
| Item 1A        |   |           Risk Factors                                                                                                       |         |   |   8  |   |
| Item 1B        |   |           Unresolved Staff Comments                                                                                          |         |   |   8  |   |
| Item 2         |   |           Properties                                                                                                         |         |   |   8  |   |
| Item 3         |   |           Legal Proceedings                                                                                                  |         |   |   8  |   |
| Item 4         |   |           (Removed and Reserved)                                                                                             |         |   |   8  |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| PART II             |   |                                                                                                                                                                      |         |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| Item 5         |   |           Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |         |   |   8  |   |
| Item 6         |   |           Selected Financial Data                                                                                            |         |   |  11       |   |
| Item 7         |   |           Management’s Discussion and Analysis of Financial Condition and Results of Operations                        |         |   |  11       |   |
| Item 7A        |   |           Quantitative and Qualitative Disclosure About Market Risk                                                          |         |   |  14       |   |
| Item 8         |   |           Financial Statements and Supplementary Data                                                                   |         |   |  15       |   |
| Item 9         |   |           Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                               |         |   |  15       |   |
| Item 9A        |   |           Controls and Procedures                                                                                            |         |   |  15       |   |
| Item 9B        |   |           Other Information                                                                                                  |         |   |  17  |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| PART III            |   |                                                                                                                                                                      |         |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| Item 10        |   |           Directors, Executive Officers and Corporate Governance                                                             |         |   |  18       |   |
| Item 11        |   |           Executive Compensation                                                                                             |         |   |  20  |   |
| Item 12        |   |           Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     |         |   |  21       |   |
| Item 13        |   |           Certain Relationships and Related Transactions, and Director Independence                                          |         |   |  22       |   |
| Item 14        |   |           Principal Accountant Fees and Services                                                                             |         |   |  22       |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| PART IV             |   |                                                                                                                                                                      |         |   |
|                |   |                                                                                                                                                                      |         |   |           |   |
| Item 15        |   |           Exhibits and Financial Statement Schedules                                                                         |         |   |  23       |   |
|  EX – 14 |
|  EX-31.1       |
|  EX-31.2       |
|  EX-32.1       |
|  EX-32.2       |

----

----

|    |   |           |
|---------|--------|----------------|
| ITEM 1. |   | BUSINESS  |

----

----

| ·   | Established Company with proven track record |
|--------------------|----------------------------------------------|

| o   | Company with history of strong operating and financial performance, or |
|---------------|------------------------------------------------------------------------|

| o   | Company undergoing a turnaround that demonstrates strong prospects for future growth |
|---------------|--------------------------------------------------------------------------------------|

| ·   | Strong Cash Flow Characteristics. |
|--------------------|-----------------------------------|

| o   | Cash flow neutral or positive, |
|---------------|--------------------------------|

| o   | Predictable recurring revenue stream, |
|---------------|---------------------------------------|

| o   | High gross margins over 60%, and |
|---------------|----------------------------------|

| o   | Low working capital and capital expenditure needs |
|---------------|---------------------------------------------------|

| ·   | Strong Competitive Industry Position |
|--------------------|--------------------------------------|

| o   | Leading or niche market position, and/or |
|---------------|------------------------------------------|

| o   | Strong channel relationships that promote barriers to entry |
|---------------|-------------------------------------------------------------|

| ·   | Strong Management Team |
|--------------------|------------------------|

| o   | Experienced, proven track record in delivering  revenue and ability to execute, or |
|---------------|----------------------------------------------------------------------------------------------|

| o   | A management team that can be complemented  with our contacts and team |
|---------------|----------------------------------------------------------------------------------|

| ·   | Diversified Customer and Supplier base |
|--------------------|----------------------------------------|

| ·   | Proprietary products or marketing position |
|--------------------|--------------------------------------------|

| ·   | Non-cyclical |
|--------------------|--------------|

| ·   | Services Consumer or niche market |
|--------------------|-----------------------------------|

----

| ·   | Fragmented with potential for consolidation or growth |
|--------------------|-------------------------------------------------------|

| ·   | Emerging markets |
|--------------------|------------------|

| ·   | Real Estate Services |
|--------------------|----------------------|

| ·   | Hospitality Services |
|--------------------|----------------------|

| ·   | Health and Medical records management and billing systems |
|--------------------|-----------------------------------------------------------|

| ·   | Internet |
|--------------------|----------|

| o   | Social Networks |
|---------------|-----------------|

| o   | Media Distribution |
|---------------|--------------------|

| ·   | User Experience |
|--------------------|-----------------|

| o   | Online |
|---------------|--------|

| o   | Handheld devices |
|---------------|------------------|

| o   | Voice interaction |
|---------------|-------------------|

| ·   | Sales Volumes: $500 thousand to $30 million |
|--------------------|---------------------------------------------|

| ·   | Cash Flow: Neutral or positive |
|--------------------|--------------------------------|

| ·   | Structure: Controlled ownership. Closely held private company |
|--------------------|---------------------------------------------------------------|

| ·   | Geography: North America,  Asia |
|--------------------|-------------------------------------------|

| ·   | Investment size: $1 million to $5 Million |
|--------------------|-------------------------------------------|

| ·   | Involvement: Board oversight |
|--------------------|------------------------------|

| ·   | Controlling Interest: Acquire 100% of controlling interest in target |
|--------------------|----------------------------------------------------------------------|

| ·   | Marketing: |
|--------------------|------------|

| o   | Target captures a particular segment of the market |
|---------------|----------------------------------------------------|

| o   | Target has a focused strategic marketing plan. |
|---------------|------------------------------------------------|

----

----

----

|                                                                        |   |   |       |          |   |       |
|-----------------------------------------------------------------------------|--------|--------|------------|---------------|--------|------------|
| Period Covered                                                              |   | Amount |       | Date Received |
| March 1, 2006 - December 31, 2006 Quarterly Revenue Share Payment |   | $      | 18,576.42  |          |   | 2/14/2007  |
| 1st Quarter 2007 Quarterly Revenue Share Payment                            |   | $      | 20,085.64  |          |   | 7/18/2007  |
| 2nd Quarter 2007 Quarterly Revenue Share Payment                            |   | $      | 54,429.29  |          |   | 9/18/2007  |
| 3rd Quarter 2007 Quarterly Revenue Share Payment                            |   | $      | 81,761.49  |          |   | 12/17/2007 |
| 4th Quarter 2007 Quarterly Revenue Share Payment                            |   | $      | 112,343.36 |          |   | 2/22/2008  |
| 1st Quarter 2008 Quarterly Revenue Share Payment                            |   | $      | 142,403.25 |          |   | 5/1/2008   |
| March 2007 — February 2008 Annual Increase Payment          |   | $      | 159,190.30 |          |   | 5/1/2008   |
| 2nd Quarter 2008 Quarterly Revenue Share Payment                            |   | $      | 143,815.13 |          |   | 8/9/2008   |
| 3rd Quarter 2008 Quarterly Revenue Share Payment                            |   | $      | 168,844.36 |          |   | 11/10/2008 |
| 4th Quarter 2008 Quarterly Revenue Share Payment                            |   | $      | 246,005.85 |          |   | 3/10/2009  |
| 1st Quarter 2009 Quarterly Revenue Share Payment                            |   | $      | 286,976.65 |          |   | 6/30/2009  |
| March 2008 — February 2009 Annual Increase Payment          |   | $      | 222,322.00 |          |   | 6/30/2009  |
| 2nd Quarter 2009 Quarterly Revenue Share Payment                            |   | $      | 325,514.21 |          |   | 9/25/2009  |
| 3rd Quarter 2009 Quarterly Revenue Share Payment                            |   | $      | 364,196    |          |   | 12/24/2009 |
| 4th Quarter 2009 Quarterly Revenue Share Payment                            |   | $      | 414,851    |          |   | 2/28/2010  |
| 1st Quarter 2010 Quarterly Revenue Share Payment                            |   | $      | 472,384    |          |   | 5/26/2010  |
| March 2009 — February 2010 Annual Increase Payment          |   | $      | 362,202    |          |   | *          |
| 2nd Quarter 2010 Quarterly Revenue Share Payment                            |   | $      | 536,349    |          |   | **         |
|  3rd  Quarter 2010 Quarterly Revenue Share Payment           |   |   | 339,948    |          |   |       |
|                                                                        |   |   | 4,4        |          |   |       |
|                                                                        |   |   | 4,472,198  |          |   |       |

----

|     |   |                |
|----------|--------|---------------------|
| ITEM 1A. |   | RISK FACTORS   |

|     |   |                            |
|----------|--------|---------------------------------|
| ITEM 1B. |   | UNRESOLVED STAFF COMMENTS  |

|    |   |             |
|---------|--------|------------------|
| ITEM 2. |   | PROPERTIES  |

|    |   |                    |
|---------|--------|-------------------------|
| ITEM 3. |   | LEGAL PROCEEDINGS  |

|    |   |                         |
|---------|--------|------------------------------|
| ITEM 4. |   | (REMOVED AND RESERVED)  |

|    |   |                                                                                                                      |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------|
| ITEM 5. |   | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES  |

----

|                                                                                                                    |   |                 |      |   |                 |   |   |                  |         |                 |      |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|----------------------|-----------|--------|----------------------|--------|--------|-----------------------|--------------|----------------------|-----------|--------|
|                                                                                                                    |   |                 |      |   |                 |   |   |                  |         | Number of Securities |      |
|                                                                                                                    |   |                 |      |   |                 |   |   |                  |         | Remaining Available  |      |
|                                                                                                                    |   |                 |      |   |                 |   |   |                  |         | for Future Issuance  |      |
|                                                                                                                    |   | Number of Securities |      |   |                 |   |   |                  | under Equity |                 |
|                                                                                                                    |   | to be Issued Upon    |      |   | Weighted Average     |   |   | Compensation Plans    |         |
|                                                                                                                    |   | Exercise of          |      |   | Exercise Price of    |   |   | (excluding securities |         |
|                                                                                                                    |   | Outstanding Options, |      |   | Outstanding Options, |   |   | referenced in         |         |
|                                                                                                                    |   | Warrants and Rights  |      |   | Warrants and Rights  |   |   | column (a))           |         |
| Plan Category                                                                                                           |   | (a)                  |      |   | (b)                  |   |   | (c)                   |         |
|            Equity compensation plans approved by our stockholders (1) |   |                 | 1,796,900 |   |                 | $      | 0.01   |                  |         |                 | 4,798,708 |   |
|                                                                                                                    |   |                 |      |   |                 |   |   |                  |         |                 |      |   |
|            Equity compensation plans not approved by our stockholders |   |                 | 2,310,000 |   |                 | $      | 0.75   |                  |         |                 | 0         |   |

|   |   |                                                                                                 |
|--------|--------|------------------------------------------------------------------------------------------------------|
| (1)    |   | Equity compensation plans approved by our stockholders consist of our 2006 Long Term Incentive Plan. |

----

----

|    |   |                          |
|---------|--------|-------------------------------|
| ITEM 6. |   | SELECTED FINANCIAL DATA  |

|    |   |                                                                                        |
|---------|--------|---------------------------------------------------------------------------------------------|
| ITEM 7. |   | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |

----

----

----

|     |   |                                                       |
|----------|--------|------------------------------------------------------------|
| ITEM 7A. |   | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |

----

|    |   |                                              |
|---------|--------|---------------------------------------------------|
| ITEM 8. |   | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA  |

|                                                                                                                        |   |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|--------|
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-1    |
| Consolidated Balance Sheet as of December 31, 2009 and 2008                                                            |   | F-2    |
| Consolidated Statement of Income for the years ended December 31, 2009 and 2008                                        |   | F-4    |
| Consolidated Statement of Changes in Stockholder’s Equity for the years ended December 31, 2009 and 2008         |   | F-6    |
| Consolidated Statement of Cash Flows for the years ended December 31, 2009 and 2008                                    |   | F-8    |
| Notes to Financial Statements                                                                                               |   | F-10   |
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-27   |
| Jekyll Island Ventures Inc. Balance Sheet as of December 31, 2008.                                                     |   | F-28   |
| Jekyll Island Ventures Inc. Statement of Income for the year ended December 31, 2008.                                       |   | F-29   |
| Jekyll Island Ventures Inc.  Statement of Cash Flows for year ended December 31, 2008.                            |   | F-30   |
| Jekyll Island Ventures Inc. Statement of Changes in Stockholders Equity for the year ended December 31, 2008.               |   | F-30   |
| Notes to Financial Statements                                                                                               |   | F-31   |
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-33   |
| Jekyll Island Ventures Inc. Balance Sheet as of  September  30, 2009.                                        |   | F-34   |
| Jekyll Island Ventures Inc. Statement of Income for the nine months ended September  30, 2009 .                   |   | F-34   |
| Jekyll Island Ventures Inc.  Statement of Cash Flows for year the nine months ended September 30, 2009.           |   | F-35   |
| Jekyll Island Ventures Inc. Statement of Changes in Stockholders Equity for the nine month period ended September 30, 2009. |   | F-36   |
| Notes to Financial Statements                                                                                               |   | F-36   |

|    |   |                                                                                       |
|---------|--------|--------------------------------------------------------------------------------------------|
| ITEM 9. |   | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE  |

|     |   |                          |
|----------|--------|-------------------------------|
| ITEM 9A. |   | CONTROLS AND PROCEDURES  |

----

|   | • | our failure to claim a deduction for payments of deferred compensation on our 2009 Federal corporate tax return which resulted in an overstated income tax accrual at December 31, 2009 aggregating $107,559, |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | an error in the Black-Scholes calculation related to the value of warrants issued as compensation in 2009 which overstated the expense to us for these issuances, and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | the incorrect classification of unpaid compensation on our cash flow statement for the years ended December 31, 2009 and 2008 under financing activities instead of operating activities. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and our directors; and |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | • | the proper recordation of accruals for Federal income taxes, |
|--------|---------|--------------------------------------------------------------|

|   | • | components within our Black-Scholes calculations used to determine the expense to us of compensatory warrants issued to third parties, and |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | the reclassification of expenses within our cash flow statement. |
|--------|---------|------------------------------------------------------------------|

|     |   |              |
|----------|--------|-------------------|
| ITEM 9B. |   | OTHER INFORMATION |

----

|     |   |                                                   |
|----------|--------|--------------------------------------------------------|
| ITEM 10. |   | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |

|               |   |   |   |     |   |                                                                             |   |                                                                 |
|--------------------|--------|--------|--------|----------|--------|----------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|
| Name               |   | Age    |   | Position |   | Appointed                                                                        |
| John Salerno       |   |   | 71     |     |   | Chief Executive Officer, President, Chairman of the Board, and Director          |   | March 2009 (appointed Chairman and Director in April 2000) |
| Elisa Luqman       |   |   | 45     |     |   | Chief Financial Officer, Executive Vice President, General Counsel, and Director |   | March 2009 (appointed Director in August 2009)             |
| James J. Charles   |   |   | 67     |     |   | Director                                                                         |   | March 2006                                                      |
| George G. Dempster |   |   | 70     |     |   | Director                                                                         |   | January 2001                                                    |
| John Waters        |   |   | 64     |     |   | Director                                                                         |   | August 2009                                                     |

----

----

| ITEM 11. |   | EXECUTIVE COMPENSATION |
|----------|--------|------------------------|

----

|                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |         |   |         |         |       |   |         |         |   |      |   |   |   |   |   |   |   |   |   |
|-------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------------|--------|--------------|--------------|------------|--------|--------------|--------------|--------|-----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Current                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |         |   |         |         | Non-Equity |   |         |         |   |      |   |   |   |   |   |
| Officers                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |         |   |         |         | Incentive  |   |         | Nonqualified |   |      |   |   |   |   |   |
| Name &              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Option       |   |         | Plan         |       |   | Deferred     |         |   | All Other |   |   |   |   |
| Principal               |   |   |   |   |   | Salary |   |   | Bonus  |   |   | Stock  |   |   | Awards |   |   | Compensation |   |         | Compensation |       |   | Compensation |         |   | Total     |   |
| Position                |   | Year   |   |   | ($)    |   |   | ($)    |   |   | ($)(1) |   |   | ($)    |   |   | ($)    |         |   | Earnings ($) |         |       | ($)    |         |         | ($)    |      |
| John Salerno            |   |   | 2009   |   |   |   | 77,885 | (1)    |   |   | 0      |   |   |   | 0      |   |   |         | 0      |         |         |       | 0      |         |         |   | 0         |   |   |   | 8,739  | (2)    |   |   | 86,624 |   |
| CEO, President,         |   |   | 2008   |   |   |   | 0      |   |   |   | 0      |   |   |   | 0      |   |   |         | 0      |         |         |       | 0      |         |         |   | 0         |   |   |   | 0      |   |   |   | 0      |   |
| Chairman & Director |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |         |   |         |         |       |   |         |         |   |      |   |   |   |   |   |   |   |   |   |
| Elisa Luqman            |   |   | 2009   |   |   |   | 69,231 | (3)    |   |   | 0      |   |   |   | 0      |   |   |         | 0      |         |         |       | 0      |         |         |   | 0         |   |   |   | 0      |   |   |   | 69,231 |   |
| CFO, EVP, General       |   |   | 2008   |   |   |   | 0      |   |   |   | 0      |   |   |   | 0      |   |   |         | 0      |         |         |       | 0      |         |         |   | 0         |   |   |   | 0      |   |   |   | 0      |   |
| Counsel, & Director |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |         |   |         |         |       |   |         |         |   |      |   |   |   |   |   |   |   |   |   |

|   |   |                                                                                                                      |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|
| (1)    |   | Does not include $200,000 in deferred compensation that was earned prior to December 31, 2006, and paid during 2009. |
| (2)    |   | Includes $5,766 in health insurance premiums and $4,069 in life insurance premiums.                                       |
| (3)    |   | Does not include $150,000 in deferred compensation that was earned prior to December 31, 2006, and paid during 2009. |

| Name               | Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Non-equity incentive plan compensation ($) | Nonqualified deferred compensation earnings($) | All other compensation ($) | Total($) |
|--------------------|---------------------------------|------------------|-------------------|--------------------------------------------|------------------------------------------------|----------------------------|----------|
| John Salerno (1)   | -                               | -                | -                 | -                                          | -                                              | -                          | 0        |
| Elisa Luqman (1)   | -                               | -                | -                 | -                                          | -                                              | -                          | 0        |
| James J. Charles   | $4,000                          | -                | -                 | -                                          | -                                              | -                          | $4,000   |
| George G. Dempster | $4,000                          | -                | -                 | -                                          | -                                              | -                          | $4,000   |
| John Waters        | $4,000                          | -                | -                 | -                                          | -                                              | -                          | $4,000   |

|                                                                         |   |              |       |      |             |   |   |   |
|------------------------------------------------------------------------------|--------|-------------------|------------|-----------|------------------|--------|--------|--------|
|                                                                         |   | Amount and Nature |       |      |             |   |
|                                                                         |   | of Beneficial     |       |      |             |   |
| Name of Beneficial Owner                                                     |   | Ownership         |       |      | Percent of Class |   |
| John Salerno, C.E.O., President, Chairman of the Board, and Director         |   |              | 5,616,900  | (1)       |             |   | 23.3   | %      |
| Elisa Luqman, C.F.O., Executive Vice President, General Counsel and Director |   |              | 5,715,000  | (2)       |             |   | 23.9   | %      |
| James J. Charles, Director                                                   |   |              | 500,000    | (3)  |             |   | 2.1    | %      |
| George G. Dempster, Director                                                 |   |              | 505,000    | (4)       |             |   | 2.1    | %      |
| John Waters, Director                                                        |   |              | 500,000    | (5)       |             |   | 2.1    |   |
| Mehul Mehta                                                                  |   |              | 2,450,000  |      |             |   | 10.2   | %      |
| Executive Officers and Directors as a Group:                                 |   |              | 12,836,900 |  (6) |             |   | 51.7   | %      |

|   |   |                                                                                                                                                                                                                                                                   |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.     |   | Includes: options to purchase 46,900 shares of common stock at $0.01 per share held by John L. Salerno, Mr. Salerno’s son; and options to purchase 100,000 shares of common stock at $0.01 per share held by Dean T. Salerno, Mr. Salerno’s son. |
| 2.     |   | Includes 245,000 shares of common stock held by Muhammad Luqman, Ms. Luqman’s husband.                                                                                                                                                                      |
| 3.     |   | Includes options to purchase 59,000 shares of the common stock at $0.10 per share.                                                                                                                                                                                     |
| 4.     |   | Includes options to purchase 113,000 shares of the common stock at $0.10 per share.                                                                                                                                                                                    |
| 5.     |   | Includes options to purchase 500,000 shares of the common stock at $0.10 per share.                                                                                                                                                                                    |
| 6.     |   | Includes the disclosures in footnotes 1 through 5 above.                                                                                                                                                                                                               |

----

|     |   |                                                                        |
|----------|--------|-----------------------------------------------------------------------------|
| ITEM 13. |   | CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE  |

|     |   |                                   |
|----------|--------|----------------------------------------|
| ITEM 14. |   | PRINCIPAL ACCOUNTANT FEES AND SERVICES |

|                                                                                        |   |        |    |                                                                                       |       |   |                             |   |
|---------------------------------------------------------------------------------------------|--------|-------------|---------|--------------------------------------------------------------------------------------------|------------|--------|----------------------------------|--------|
|                                                                                        |   | Year Ended  |    |                                                                                       | Year Ended |   |
|                                                                                        |   | 12/31/ 2009 |    |                 | 12/31/08   |   |
|              Audit Fees    |   | $           | 14,000  |                                                                                       |       | $      | 25,000                           |   |
|              Audit-Related Fees |   |        | — |                                                                                       |       |   |    —   |   |
|              Tax Fees      |   |        | — |                                                                                       |       |   | —                          |   |
|              All Other Fees     |   |        | — |                                                                                       |       |   | —                          |   |
|                                                                                        |   |        |    |                                                                                       |       |   |
|              Total         |   | $           | 14,000  |                                                                                       |       | $      | 25,000                           |   |

----

| ITEM 15. |   | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES |
|----------|--------|--------------------------------------------|

|                                                                                                                        |   |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|--------|
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-1    |
| Consolidated Balance Sheet as of December 31, 2009 and 2008                                                            |   | F-2    |
| Consolidated Statement of Income for the years ended December 31, 2009 and 2008                                        |   | F-3    |
| Consolidated Statement of Changes in Stockholder’s Equity for the years ended December 31, 2009 and 2008         |   | F-4    |
| Consolidated Statement of Cash Flows for the years ended December 31, 2009 and 2008                                    |   | F-5    |
| Notes to Financial Statements                                                                                               |   | F-6    |
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-19   |
| Jekyll Island Ventures Inc. Balance Sheet as of December 31, 2008.                                                     |   | F-20   |
| Jekyll Island Ventures Inc. Statement of Income for the year ended December 31, 2008.                                       |   | F-21   |
| Jekyll Island Ventures Inc.  Statement of Cash Flows for year ended December 31, 2008.                            |   | F-22   |
| Jekyll Island Ventures Inc. Statement of Changes in Stockholders Equity for the year ended December 31, 2008.               |   | F-23   |
| Notes to Financial Statements                                                                                               |   | F-24   |
| Report of Independent Registered Public Accounting Firm                                                                     |   | F-26   |
| Jekyll Island Ventures Inc. Balance Sheet as of  September  30, 2009.                                        |   | F-28   |
| Jekyll Island Ventures Inc. Statement of Income for the nine months ended September  30, 2009 .                   |   | F-29   |
| Jekyll Island Ventures Inc.  Statement of Cash Flows for year the nine months ended September 30, 2009.           |   | F-30   |
| Jekyll Island Ventures Inc. Statement of Changes in Stockholders Equity for the nine month period ended September 30, 2009. |   | F-31   |
| Notes to Financial Statements                                                                                               |   |   |

----

|        |   |                                                                                                                                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit No. |   | Description                                                                                                                                               |
|        | 2.1    |                                                                                                                                                      |   | Asset Purchase Agreement between the Company and Digi-Data Corporation, dated December 21, 2005 (1)(4)                                                                                                                                                                                                                                                                                                                                                                                                  |
|        | 2.2    |                                                                                                                                                      |   | Asset Purchase Agreement and Plan of Reorganization between Jekyll Island Ventures Inc. and Gotham Innovation Lab Inc., dated September 30, 2009 (1)(4)                                                                                                                                                                                                                                                                                                                                                 |
|        | 3.1    | (i)                                                                                                                                                       |   | Certificate of Incorporation, filed with the Delaware Secretary of State on April 13, 2000 (1)                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.1(ii)     |   | Certificate of Merger, filed with the Delaware Secretary of State on April 18, 2000 (1)                                                              |
| 3.1(iii)    |   | Certificate of Amendment Changing Name, filed with the Delaware Secretary of State on December 19, 2000 (1)                                          |
| 3.1(iv)     |   | Certificate of Merger filed with the Delaware Secretary of State on February 17, 2006 (1)                                                            |
|        | 3.1    | (v)                                                                                                                                                       |   | Certificate of Amendment Changing Name filed with the Delaware Secretary of State on April 5, 2006 (1)                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.1(vi)     |   | Certificate of Amendment Increasing Authorized Common Stock to 75 Million Shares, filed with the Delaware Secretary of State on December 2, 2009 (1) |
|        | 3.2    |                                                                                                                                                      |   | Bylaws (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|        | 4.1    |                                                                                                                                                      |   | Form of Stock Certificate (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|        | 4.2    |                                                                                                                                                      |   | Common Stock Purchase Warrant issued to Newbridge Securities (3)                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|        | 4.3    |                                                                                                                                                      |   | Common Stock Purchase Warrant issued to Roetzel & Andress (3)                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|        | 10.1   |                                                                                                                                                      |   | iGambit, Inc. 2006 Long Term Incentive Plan, Amended 12/31/2006 (1)                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|        | 10.2   |                                                                                                                                                      |   | Newbridge Consulting Agreement (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|        | 10.3   |                                                                                                                                                      |   | Employment Agreement between Digi-Data Corporation and Mr. Salerno (2)                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|        | 10.4   |                                                                                                                                                      |   | Employment Agreement between Digi-Data Corporation and Mrs. Luqman (2)                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|        | 10.5   |                                                                                                                                                      |   | Agreement between the Company and Digi-Data Corporation regarding the payment of consulting fees to Mr. Dempster (2)                                                                                                                                                                                                                                                                                                                                                                                         |
|        | 14     |                                                                                                                                                      |   | Code of Ethics (5)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|        | 21     |                                                                                                                                                      |   | Subsidiaries (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|        | 31.1   |                                                                                                                                                      |   | Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                  |
|        | 31.2   |                                                                                                                                                      |   | Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                  |
|        | 32.1   |                                                                                                                                                      |   | Certification of the Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (This exhibit shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended or otherwise subject to the liability of that section. Further, this exhibit shall not be deemed incorporated by reference into any other filing under the Security Act of 1933, as amended, or by the Security Exchange Act of 1934, as amended.) |
|        | 32.2   |                                                                                                                                                      |   | Certification of the Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (This exhibit shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 as amended or otherwise subject to the liability of that section. Further, this exhibit shall not be deemed incorporated by reference into any other filing under the Security Act of 1933, as amended, or by the Security Exchange Act of 1934, as amended.)  |

| (1) |   | Incorporated by reference to Form 10 filed on December 31, 2009.                     |
|-----|--------|------------------------------------------------------------------------------------------------|
| (2) |   | Incorporated by reference to Amendment No. 1 to Form 10 filed on June 11, 2010. |
| (3) |   | Filed with initial Form 10-K on June 15, 2010.                                                 |
| (4) |   | We hereby agree to furnish the SEC with any omitted schedule or exhibit upon request.          |
| (5) |   | Filed with Form 10-K/A (Amendment No. 1) on September 13, 2010.                                |

----

|                    |                |                                        |   |   |
|-------------------------|---------------------|---------------------------------------------|--------|--------|
|                    | iGAMBIT, INC.  |                                        |
| February 23, 2011  | By:       | /s/ John Salerno                       |   |
|                    |                | John Salerno, Chief Executive Officer  |   |
|                    |                |                                        |   |
|                    |

|                                           |   |                                                                                                          |   |                    |
|------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|-------------------------|
| Signature                                      |   | Title                                                                                                         |   | Date                    |
|                                           |   |                                                                                                          |   |                    |
| /s/ John Salerno John Salerno             |   | Chief Executive Officer and Director                                                                          |   |  February 23, 2011 |
| /s/ Elisa Luqman Elisa Luqman             |   | Chief Financial Officer, Executive Vice President, General Counsel, Principal Accounting Officer and Director |   | February 23, 2011       |
| /s/ James J. Charles James J. Charles     |   | Director                                                                                                      |   | February 23, 2011       |
| /s/ George G. Dempster George G. Dempster |   | Director                                                                                                      |   | February 23, 2011       |
| /s/ John Waters John Waters               |   | Director                                                                                                      |   | February 23, 2011       |

----

----

| IGAMBIT INC.                                                                                       |
|----------------------------------------------------------------------------------------------------|
| CONSOLIDATED BALANCE SHEETS                                                                        |
| DECEMBER 31,                                                                                       |
|                                                                                               |   | 2009 |   |   | 2008 |
|                                                                                               |   | Restated |   |   |   |
|                                                                                               |   |   |   |   |   |
| ASSETS                                                                                             |
|                                                                                               |   |   |   |   |   |
| Current assets                                                                                     |   |   |   |   |   |
|     Cash                                                                       | $ | 857,074 |   | $ | 322,439 |
|     Accounts receivable                                                        |   | 56,743 |   |   | -- |
|     Prepaid expenses                                                           |   | 8,838 |   |   | -- |
|     Notes receivable - stockholders                                            |   | 17,000 |   |   | 17,000 |
| Assets from discontinued operations                                                                |   | 715,573 |   |   | 646,488 |
|                                                                                               |   |   |   |   |   |
| Total current assets                                                                               |   | 1,655,228 |   |   | 985,927 |
|                                                                                               |   |   |   |   |   |
| Property and equipment, net                                                                        |   | 895 |   |   | 1,491 |
|                                                                                               |   |   |   |   |   |
| Other assets                                                                                       |   |   |   |   |   |
|     Notes receivable - stockholders                                            |   | -- |   |   | 198,281 |
|     Goodwill                                                                   |   | 111,026 |   |   | -- |
|     Deposits                                                                   |   | 2,500 |   |   | -- |
| Assets from discontinued operations                                                                |   | 150,985 |   |   | 264,477 |
|                                                                                               |   |   |   |   |   |
| Total other assets                                                                                 |   | 264,511 |   |   | 462,758 |
|                                                                                               |   |   |   |   |   |
|                                                                                               | $ | 1,920,634 |   | $ | 1,450,176 |
|                                                                                               |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                               |
|                                                                                               |   |   |   |   |   |
| Current liabilities                                                                                |   |   |   |   |   |
|     Accounts payable                                                           | $ | 96,928 |   | $ | 4,754 |
|     Loans payable - stockholders                                               |   | 2,504 |   |   | -- |
|                                                                                               |   |   |   |   |   |
| Total current liabilities                                                                          |   | 99,432 |   |   | 4,754 |
|                                                                                               |   |   |   |   |   |
| Long-term liabilities                                                                              |   |   |   |   |   |
| Liabilities from discontinued operations                                                           |   | -- |   |   | 491,538 |
|                                                                                               |   |   |   |   |   |
| Total liabilities                                                                                  |   | 99,432 |   |   | 496,292 |
|                                                                                               |   |   |   |   |   |
| Stockholders' equity                                                                               |   |   |   |   |   |
|     Common stock, $.001 par value; authorized -                                |   |   |   |   |   |
|         75,000,000 shares in 2009 and 30,000,000 in 2008;  |   |   |   |   |   |
|         issued and outstanding - 23,954,056 shares in 2009 |   |   |   |   |   |
|         and 22,719,056 in 2008                             |   | 23,954 |   |   | 22,719 |
|     Additional paid-in capital                                                 |   | 2,396,443 |   |   | 2,135,648 |
|     Accumulated deficit                                                        |   | (599,195) |   |   | (1,204,483) |
|                                                                                               |   |   |   |   |   |
| Total stockholders' equity                                                                         |   | 1,821,202 |   |   | 953,884 |
|                                                                                               |   |   |   |   |   |
|                                                                                               | $ | 1,920,634 |   | $ | 1,450,176 |

----

| IGAMBIT INC.                                                  |
|---------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF INCOME                             |
| YEARS ENDED DECEMBER 31,                                      |
|                                                          |   |   |   |   |   |
|                                                          |   | 2009 |   |   | 2008 |
|                                                          |   | Restated |   |   |   |
|                                                          |   |   |   |   |   |
| Sales                                                         | $ | 173,011 |   | $ | -- |
|                                                          |   |   |   |   |   |
| Cost of sales                                                 |   | 47,458 |   |   | -- |
|                                                          |   |   |   |   |   |
| Gross profit                                                  |   | 125,553 |   |   | -- |
|                                                          |   |   |   |   |   |
| Operating expenses                                            |   |   |   |   |   |
|     General and administrative expenses   |   | 809,542 |   |   | 196,589 |
|                                                          |   |   |   |   |   |
| Loss from operations                                          |   | (683,989) |   |   | (196,589) |
|                                                          |   |   |   |   |   |
| Other income                                                  |   |   |   |   |   |
|     Interest income                       |   | 3,908 |   |   | 2,554 |
|                                                          |   |   |   |   |   |
| Loss from continuing operations before income tax benefit     |   | (680,081) |   |   | (194,035) |
|                                                          |   |   |   |   |   |
| Income tax benefit                                            |   | (238,334) |   |   | (44,065) |
|                                                          |   |   |   |   |   |
| Loss from continuing operations                               |   | (441,747) |   |   | (149,970) |
|                                                          |   |   |   |   |   |
| Income from discontinued operations (net of taxes of $683,602 |   |   |   |   |   |
|   and $361,286)                                     |   | 1,047,035 |   |   | 553,363 |
|                                                          |   |   |   |   |   |
| Net income                                                    | $ | 605,288 |   | $ | 403,393 |
|                                                          |   |   |   |   |   |
|                                                          |   |   |   |   |   |
| Basic and fully diluted earnings (loss) per common share:     |   |   |   |   |   |
|   Continuing operations                             | $ | (.02) |   | $ | (.01) |
|   Discontinued operations, net of tax               | $ | .05 |   | $ | .03 |
| Net earnings per common share                                 | $ | .03 |   | $ | .02 |
|                                                          |   |   |   |   |   |
| Weighted average common shares outstanding                    |   | 23,009,029 |   |   | 22,402,104 |
|                                                          |   |   |   |   |   |

----

| IGAMBIT INC.                                                  |
|---------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY    |
| YEARS ENDED DECEMBER 31, 2009 AND 2008                        |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   | Additional |   |   |   |   |   |
|                                                          | Common stock |   |   | Paid-in |   | Accumulated |   |   |   |
|                                                          | Shares |   | Amount |   |   | Capital |   | Deficit |   |   | Totals |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Balances, December 31, 2007                                   | 21,737,018 | $ | 21,737 |   | $ | 1,987,749 | $ | (1,607,876) |   | $ | 401,610 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Compensation for vested stock options | -- |   | -- |   |   | 72,900 |   | -- |   |   | 72,900 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock issued in consideration  |   |   |   |   |   |   |   |   |   |   |   |
|     of cashless exercise of options,      |   |   |   |   |   |   |   |   |   |   |   |
|     valued at $.01 per share              | 788,100 |   | 788 |   |   | 7,093 |   | -- |   |   | 7,881 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock issued in exercise       |   |   |   |   |   |   |   |   |   |   |   |
|     of warrants, valued at $.01 per share | 60,000 |   | 60 |   |   | 540 |   | -- |   |   | 600 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock issued in exercise       |   |   |   |   |   |   |   |   |   |   |   |
|     of warrants, valued at $.50 per share | 135,000 |   | 135 |   |   | 67,365 |   | -- |   |   | 67,500 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock retired                  | (1,062) |   | (1) |   |   | 1 |   | -- |   |   | -- |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Net income                            |   |   |   |   |   |   |   | 403,393 |   |   | 403,393 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Balances, December 31, 2008                                   | 22,719,056 |   | 22,719 |   |   | 2,135,648 |   | (1,204,483) |   |   | 953,884 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Compensation for vested stock options | -- |   | -- |   |   | 67,500 |   | -- |   |   | 67,500 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Compensation for vested warrants      | -- |   | -- |   |   | 2,030 |   | -- |   |   | 2,030 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock issued in consideration  |   |   |   |   |   |   |   |   |   |   |   |
|     of cashless exercise of options,      |   |   |   |   |   |   |   |   |   |   |   |
|     valued at $.01 per share              | 735,000 |   | 735 |   |   | 6,765 |   | -- |   |   | 7,500 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Assets of acquired business           | -- |   | -- |   |   | 73,974 |   | -- |   |   | 73,974 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Common stock issued in business       |   |   |   |   |   |   |   |   |   |   |   |
|     acquisition                           | 500,000 |   | 500 |   |   | 49,500 |   | -- |   |   | 50,000 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Stock options granted for acquired    |   |   |   |   |   |   |   |   |   |   |   |
|     business resulting in goodwill        |   |   |   |   |   | 61,026 |   |   |   |   | 61,026 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Net income                            |   |   |   |   |   |   |   | 605,288 |   |   | 605,288 |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Balances, December 31, 2009 (Restated)                        | 23,954,056 | $ | 23,954 |   | $ | 2,396,443 | $ | (599,195) |   | $ | 1,821,202 |

----

| IGAMBIT INC.                                                                                                                         |
|--------------------------------------------------------------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                                                |
| YEARS ENDED DECEMBER 31,                                                                                                             |
|                                                                                                                                 |   |   |   |   |   |
|                                                                                                                                 |   | 2009 |   |   | 2008 |
|                                                                                                                                 |   | Restated |   |   | Restated |
|                                                                                                                                 |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                |   |   |   |   |   |
|     Net income                                                                                                   | $ | 605,288 |   | $ | 403,393 |
|     Adjustments to reconcile net income to net                                                                   |   |   |   |   |   |
|          cash used by operating activities                                              |   |   |   |   |   |
|          Income from discontinued operations                                            |   | (1,047,035) |   |   | (553,363) |
|          Depreciation                                                                   |   | 596 |   |   | 373 |
|          Stock-based compensation expense                                               |   | 69,530 |   |   | 72,900 |
|          Cashless exercises of stock options                                            |   | 7,500 |   |   | 7,881 |
|          Write off of fixed assets                                                      |   | 2,993 |   |   | -- |
|          Increase (Decrease) in cash flows as a result of                               |   |   |   |   |   |
|          changes in asset and liability account balances:                               |   |   |   |   |   |
|             Accounts receivable                                          |   | 10,215 |   |   | -- |
|             Prepaid expenses                                             |   | (4,815) |   |   | -- |
|             Accounts payable                                             |   | 92,174 |   |   | 2,095 |
|                                                                                                                                 |   |   |   |   |   |
|     Net cash used by continuing operating activities                                                             |   | (263,554) |   |   | (66,721) |
|     Net cash used by discontinued operating activities                                                           |   | (718,315) |   |   | (200,026) |
|                                                                                                                                 |   |   |   |   |   |
|               NET CASH USED BY OPERATING ACTIVITIES            |   | (981,869) |   |   | (266,747) |
|                                                                                                                                 |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                |   |   |   |   |   |
|     Purchases of property and equipment                                                                          |   | -- |   |   | (1,864) |
|     Increase in deposits                                                                                         |   | (2,500) |   |   | -- |
|     Repayments of loans to stockholders                                                                          |   | 198,281 |   |   | (126,000) |
|                                                                                                                                 |   |   |   |   |   |
|     Net cash provided (used) by continuing investing activities                                                  |   | 195,781 |   |   | (127,864) |
|     Net cash provided by discontinued investing activities                                                       |   | 1,459,757 |   |   | 608,043 |
|                                                                                                                                 |   |   |   |   |   |
|               NET CASH PROVIDED BY INVESTING ACTIVITIES        |   | 1,655,538 |   |   | 480,179 |
|                                                                                                                                 |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                |   |   |   |   |   |
|     Loans from shareholders                                                                                      |   | 2,504 |   |   | -- |
|     Proceeds from exercise of warrants                                                                           |   | -- |   |   | 68,100 |
|                                                                                                                                 |   |   |   |   |   |
|     Net cash provided by continuing financing activities                                                         |   | 2,504 |   |   | 68,100 |
|     Net cash used by discontinued financing activities                                                           |   | (141,538) |   |   | -- |
|                                                                                                                                 |   |   |   |   |   |
|               NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES |   | (139,034) |   |   | 68,100 |
|                                                                                                                                 |   |   |   |   |   |
| NET INCREASE IN CASH                                                                                                                 |   | 534,635 |   |   | 281,532 |
|                                                                                                                                 |   |   |   |   |   |
| CASH - BEGINNING OF YEAR                                                                                                             |   | 322,439 |   |   | 40,907 |
|                                                                                                                                 |   |   |   |   |   |
| CASH - END OF YEAR                                                                                                                   | $ | 857,074 |   | $ | 322,439 |
|                                                                                                                                 |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                                   |   |   |   |   |   |
|     Cash paid during the year for:                                                                               |   |   |   |   |   |
|       Interest                                                                                         | $ | 1,189 |   | $ | -- |
|       Income taxes                                                                                     |   | 4,698 |   |   | 67 |
|                                                                                                                                 |   |   |   |   |   |
|     Non-cash investing and financing activities:                                                                 |   |   |   |   |   |
|       Stock-based compensation expense                                                                 | $ | 69,530 |   | $ | 72,900 |
|       Cashless exercise of common stock options                                                        |   | 7,500 |   |   | 7,881 |
|       Common stock issued in business acquisition resulting in goodwill                                |   | 50,000 |   |   | -- |
|       Stock options granted in business acquisition resulting in goodwill                              |   | 61,026 |   |   | -- |
|       Assets of acquired business                                                                      |   | 73,974 |   |   | -- |

----

| Nine months ended September 30, 2009:      |   |      |   |    |   |
|--------------------------------------------|--------|-----------|--------|---------|--------|
|                                       |   |      |   |    |   |   |
| Pro Forma Balance Sheets                   |
|                                       |   |      |   |    |   |   |
|                                       |   | iGambit   |   | Jekyll  |   | Combined |
|                                       |   |      |   |    |   |   |
| Current assets                             | $      | 1,371,447 | $      | 70,981  | $      | 1,442,428 |
| Fixed assets                               |   | 1,044     |   | 2,993   |   | 4,037 |
| Other assets                               |   | 153,209   |   |    |   | 153,209 |
| Total assets                               |   | 1,525,700 |   | 73,974  |   | 1,599,674 |
|                                       |   |      |   |    |   |   |
| Current liabilities                        |   | 2,121     |   | --      |   | 2,121 |
| Long-term liabilities                      |   | --        |   | --      |   | -- |
| Total liabilities                          |   | 2,121     |   | --      |   | 2,121 |
| Stockholders' equity                       |   | 1,523,579 |   | 73,974  |   | 1,597,553 |
| Total liabilities and stockholders' equity | $      | 1,525,700 | $      | 73,974  | $      | 1,599,674 |
|                                       |   |      |   |    |   |   |
| Pro Forma Statements of Operations         |
|                                       |   |      |   |    |   |   |
|                                       |   | iGambit   |   | Jekyll  |   | Combined |
|                                       |   |      |   |    |   |   |
| Revenue                                    | $      | --        | $      | 249,925 | $      | 249,925 |
| Cost of sales                              |   | --        |   | 43,151  |   | 43,151 |
| Gross profit                               |   | --        |   | 206,774 |   | 206,774 |
| General and administrative expenses        |   | 418,772   |   | 208,965 |   | 627,737 |
| Loss from operations                       |   | (418,772) |   | (2,191) |   | (420,963) |
| Other income                               |   | 7,435     |   | --      |   | 7,435 |
| Income tax benefit                         |   | 107,059   |   | --      |   | 107,059 |
| Loss from continuing operations            |   | (304,278) |   | (2,191) |   | (306,469) |
| Income from discontinued operations        |   | 744,973   |   | --      |   | 744,973 |
| Net income (loss)                          | $      | 440,695   | $      | (2,191) | $      | 438,504 |

----

| Year ended December 31, 2008:              |      |      |   |    |      |      |
|--------------------------------------------|-----------|-----------|--------|---------|-----------|-----------|
|                                       |      |      |   |    |      |      |
| Pro Forma Balance Sheets                   |
|                                       |      |      |   |    |      |      |
|                                       |      | iGambit   |   | Jekyll  |      | Combined  |
|                                       |      |      |   |    |      |      |
| Current assets                             | $         | 985,927   | $      | 80,650  | $         | 1,066,577 |
| Fixed assets                               |      | 1,491     |   | --      |      | 1,491     |
| Other assets                               |      | 462,758   |   | --      |      | 462,758   |
| Total assets                               |      | 1,450,176 |   | 80,650  |      | 1,530,826 |
|                                       |      |      |   |    |      |      |
| Current liabilities                        |      | 4,754     |   | 3,929   |      | 8,683     |
| Long-term liabilities                      |      | 491,538   |   | --      |      | 491,538   |
| Total liabilities                          |      | 496,292   |   | 3,929   |      | 500,221   |
| Stockholders' equity                       |      | 953,884   |   | 76,721  |      | 1,030,605 |
| Total liabilities and stockholders' equity | $         | 1,450,176 | $      | 80,650  | $         | 1,530,826 |
|                                       |      |      |   |    |      |      |
| Pro Forma Statements of Operations         |
|                                       |      |      |   |    |      |      |
|                                       |      | iGambit   |   | Jekyll  |      | Combined  |
|                                       |      |      |   |    |      |      |
| Revenue                                    | $         | --        | $      | 359,590 | $         | 359,590   |
| Cost of sales                              |      | --        |   | 62,100  |      | 62,100    |
| Gross profit                               |      | --        |   | 297,490 |      | 297,490   |
| General and administrative expenses        |      | 196,589   |   | 280,198 |      | 476,787   |
| (Loss) income from operations              |      | (196,589) |   | 17,292  |      | (179,297) |
| Other income                               |      | 2,554     |   | --      |      | 2,554     |
| Income tax benefit                         |      | 44,065    |   | --      |      | 44,065    |
| (Loss) income from continuing operations   | (149,970) |      | 17,292 |    | (132,678) |
| Income from discontinued operations        |      | 553,363   |   | --      |      | 553,363   |
| Net income                                 | $         | 403,393   | $      | 17,292  | $         | 420,685   |

| Year ended December 31, 2009:       |   |      |   |      |   |      |
|-------------------------------------|--------|-----------|--------|-----------|--------|-----------|
|                                |   |      |   |      |   |      |
| Pro Forma Statements of Operations  |
|                                |   |      |   |      |   |      |
|                                |   | iGambit   |   | Jekyll    |   | Combined  |
|                                |   |      |   |      |   |      |
| Revenue                             | $      | 6,350     | $      | 416,586   | $      | 422,936   |
| Cost of sales                       |   | --        |   | 90,608    |   | 90,608    |
| Gross profit                        |   | 6,350     |   | 325,978   |   | 332,328   |
| General and administrative expenses |   | 565,384   |   | 453,123   |   | 1,018,507 |
| Loss from operations                |   | (559,034) |   | (127,145) |   | (686,179) |
| Other income                        |   | 3,908     |   | --        |   | 3,908     |
| Income tax benefit                  |   | 238,334   |   | --        |   | 238,334   |
| Loss from continuing operations     |   | (316,792) |   | (127,145) |   | (443,937) |
| Income from discontinued operations |   | 1,047,035 |   | --        |   | 1,047,035 |
| Net income (loss)                   | $      | 730,243   | $      | (127,145) | $      | 603,098   |

| Revenue                             | $      | 166,661   |
|-------------------------------------|--------|-----------|
| Cost of sales                       |   | 47,457    |
| Gross profit                        |   | 119,204   |
| General and administrative expenses |   | 244,158   |
| Net loss                            | $      | (124,954) |

----

|                                   |  2009 |    |  2008 |    |
|----------------------------------------|------------|---------|------------|---------|
|                                   |       |    |       |    |   |   |
| ASSETS                                 |       |    |       |    |   |   |
| Current:                               |       |    |       |    |   |   |
| Accounts receivable                    |  $    | 713,732 |       | $       | 367,430 |   |
| Deferred income taxes                  |       | --      |       |    | 279,058 |   |
| Noncurrent:                            |       |    |       |    |   |   |
| Restricted cash                        |       | 150,985 |       |    | 165,727 |   |
| Deferred income taxes                  |       | --      |       |    | 98,750 |   |
| Assets of discontinued operations      |  $    | 864,717 |       |  $ | 910,965 |   |
|                                   |       |    |       |    |   |   |
| LIABILITIES                            |       |    |       |    |   |   |
| Noncurrent:                            |       |    |       |    |   |   |
| Prepaid contingency                    |  $    | --      |       |  $ | 141,538 |   |
| Deferred compensation                  |       | --      |       |    | 350,000 |   |
| Liabilities of discontinued operations |  $    | --      |       |  $ | 491,538 |   |

----

----

----

|                                                          |   | Previously                                       |   |        |                                             |   | Restated as  |
|---------------------------------------------------------------|--------|--------------------------------------------------|--------|-------------|--------------------------------------------------|--------|--------------|
|                                                          |   | Reported as of                                   |   |        |                                             |   | of           |
|                                                          |   | December 31,                                     |   | Effect of   |                                             |   | December 31, |
|                                                          |   | 2009                                             |   | Restatement |                                             |   | 2009         |
|                                                          |   |                                             |   |        |                                             |   |         |   |
| Changes to Consolidated Balance Sheet                         |   |                                             |   |        |                                             |   |         |   |
| Goodwill                                                      | $      |      185,000            |   | $           |      (73,974)           |   | $            |       111,026 |
| Accounts payable                                              | $      |      204,487            |   | $           |    (107,559)                      |   | $            |         96,928 |
| Additional paid-in capital                                    | $      |   2,522,387                            |   | $           |    (125,944)                      |   | $            |    2,396,443 |
| Accumulated deficit                                           | $      |    (758,724)                      |   | $           |      159,529            |   | $            |    (599,195) |
|                                                          |   |                                             |   |        |                                             |   |         |   |
| Changes to Consolidated Statement of Income                   |   |                                             |   |        |                                             |   |         |   |
| General and administrative expenses                           | $      | 861,512                                          |   | $           | (51,970)                                         |   | $            | 809,542 |
| Income tax benefit - continuing operations                    | $      |    (254,071)                      |   | $           |        15,737 |   | $            |    (238,334) |
| Tax provision - discontinued operations                       | $      |      806,898            |   | $           |    (123,296)                      |   | $            |       683,602 |
| Net income                                                    | $      |      445,759            |   | $           |      159,529            |   | $            |       605,288 |
|                                                          |   |                                             |   |        |                                             |   |         |   |
| Changes to Consolidated Statement of Cash Flows               |   |                                             |   |        |                                             |   |         |   |
| Net cash used by discontinued financing activities            | $      |    (491,538)                      |   | $           |      350,000            |   | $            | (141,538) |
| Net cash provided (used) by discontinued operating activities | $      |        29,665 |   | $           |    (747,980)                      |   | $            |        (718,315) |
| Net cash provided by discontinued investing activities        | $      |      938,481            |   | $           |      521,276            |   | $            |    1,459,757 |
|                                                          |   |                                             |   |        |                                             |   |         |   |

|                                                          |   | Previously                            |   |        |                                  |   | Restated as  |
|---------------------------------------------------------------|--------|---------------------------------------|--------|-------------|---------------------------------------|--------|--------------|
|                                                          |   | Reported as of                        |   |        |                                  |   | of           |
|                                                          |   | December 31,                          |   | Effect of   |                                  |   | December 31, |
|                                                          |   | 2008                                  |   | Restatement |                                  |   | 2008         |
|                                                          |   |                                  |   |        |                                  |   |         |   |
| Changes to Consolidated Statement of Cash Flows               |   |                                  |   |        |                                  |   |         |   |
| Net cash used by discontinued financing activities            | $      |    (214,605)           |   | $           |      214,605 |   | $            | 0 |
| Net cash provided (used) by discontinued operating activities | $      |      187,811 |   | $           |    (387,837)           |   | $            |        (200,026) |
| Net cash provided by discontinued investing activities        | $      |      434,811 |   | $           |      173,232 |   | $            |         608,043 |

|                                  |   | Previously                                       |   |        |                                   |   | Restated as |
|---------------------------------------|--------|--------------------------------------------------|--------|-------------|----------------------------------------|--------|-------------|
|                                  |   | Reported as of                                   |   |        |                                   |   | of          |
|                                  |   | March 31,                                        |   | Effect of   |                                   |   | March 31,   |
|                                  |   | 2010                                             |   | Restatement |                                   |   | 2010        |
|                                  |   |                                             |   |        |                                   |   |        |   |
| Changes to Consolidated Balance Sheet |   |                                             |   |        |                                   |   |        |   |
| Goodwill                              | $      |      185,000            |   | $           |      (73,974) |   | $           |        111,026 |
| Prepaid expenses                      | $      |        13,519 |   | $           |      107,559  |   | $           |        121,078 |
| Additional paid-in capital            | $      |   2,522,387                            |   | $           |    (125,944)            |   | $           |     2,396,443 |
| Accumulated deficit                   | $      |    (602,538)                      |   | $           |      159,529  |   | $           |     (443,009) |

----

|                                  |   | Previously                            |   |        |                                   |   | Restated as |
|---------------------------------------|--------|---------------------------------------|--------|-------------|----------------------------------------|--------|-------------|
|                                  |   | Reported as of                        |   |        |                                   |   | of          |
|                                  |   | June 30,                              |   | Effect of   |                                   |   | June 30,    |
|                                  |   | 2010                                  |   | Restatement |                                   |   | 2010        |
|                                  |   |                                  |   |        |                                   |   |        |   |
| Changes to Consolidated Balance Sheet |   |                                  |   |        |                                   |   |        |   |
| Goodwill                              | $      |      185,000 |   | $           |      (73,974) |   | $           |        111,026 |
| Prepaid expenses                      | $      |      210,358 |   | $           |      107,559  |   | $           |        317,917 |
| Additional paid-in capital            | $      |   2,522,387                 |   | $           |    (125,944)            |   | $           | 2,396,443 |
| Accumulated deficit                   | $      |    (397,700)           |   | $           |      159,529  |   | $           |     (238,171) |

|                                                   |   | Previously                            |   |        |                                                          |   | Restated as |
|--------------------------------------------------------|--------|---------------------------------------|--------|-------------|---------------------------------------------------------------|--------|-------------|
|                                                   |   | Reported as of                        |   |        |                                                          |   | of          |
|                                                   |   | Sept. 30,                             |   | Effect of   |                                                          |   | Sept. 30,   |
|                                                   |   | 2010                                  |   | Restatement |                                                          |   | 2010        |
| Changes to Consolidated Balance Sheet                  |   |                                  |   |        |                                                          |   |        |   |
| Additional paid-in capital                             | $      |   2,531,513                 |   | $           |    (129,238)                                   |   | $           | 2,402,275 |
| Accumulated deficit                                    | $      |    (354,765)           |   | $           |      129,238                         |   | $           |     (225,527) |
|                                                   |   |                                  |   |        |                                                          |   |        |   |
| Changes to Consolidated Statement of Income            |   |                                  |   |        |                                                          |   |        |   |
| General and administrative expenses                    | $      |   1,384,889                 |   | $           |      (77,268)                        |   | $           |     1,307,621 |
| Net income                                             | $      |      296,400 |   | $           |        77,268              |   | $           |        373,668 |
|                                                   |   |                                  |   |        |                                                          |   |        |   |
| Changes to Consolidated Statement of Cash Flows        |   |                                  |   |        |                                                          |   |        |   |
| Net cash used by discontinued operating activities     | $      |    (186,208)           |   | $           |        (419,258)           |   | $           |     (605,466) |
| Net cash provided by discontinued investing activities | $      |   1,081,164                 |   | $           |          419,258 |   | $           |     1,500,422 |

|                                                   |   | Previously                            |   |        |                                  |   | Restated as |
|--------------------------------------------------------|--------|---------------------------------------|--------|-------------|---------------------------------------|--------|-------------|
|                                                   |   | Reported as of                        |   |        |                                  |   | of          |
|                                                   |   | June 30,                              |   | Effect of   |                                  |   | June 30,    |
|                                                   |   | 2009                                  |   | Restatement |                                  |   | 2009        |
|                                                   |   |                                  |   |        |                                  |   |        |   |
| Changes to Consolidated Statement of Cash Flows        |   |                                  |   |        |                                  |   |        |   |
| Net cash used by discontinued financing activities     | $      |    (141,538)           |   | $           |      141,538 |   | $           | 0 |
| Net cash provided by discontinued operating activities | $      |      166,301 |   | $           |    (141,538)           |   | $           |           24,763 |

|                                                          |   | Previously                                       |   |        |                                        |   | Restated as |
|---------------------------------------------------------------|--------|--------------------------------------------------|--------|-------------|---------------------------------------------|--------|-------------|
|                                                          |   | Reported as of                                   |   |        |                                        |   | of          |
|                                                          |   | Sept. 30,                                        |   | Effect of   |                                        |   | Sept. 30,   |
|                                                          |   | 2009                                             |   | Restatement |                                        |   | 2009        |
|                                                          |   |                                             |   |        |                                        |   |        |   |
| Changes to Consolidated Statement of Cash Flows               |   |                                             |   |        |                                        |   |        |   |
| Net cash used by discontinued financing activities            | $      |    (491,538)                      |   | $           |       491,538 |   | $           | 0 |
| Net cash provided (used) by discontinued operating activities | $      |      909,974            |   | $           |   (1,572,356)                     |   | $           |        (662,382) |
| Net cash provided by discontinued investing activities        | $      |        15,118 |   | $           |    1,080,818                 |   | $           |     1,095,936 |

----

|                                                                                                                                   |   |   |   |   |       Year Ended         December 31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|---------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                   |   |   |   |   |                                                                                              |   |   | 2009 |   |   | 2008 |   |
|                Stock options                                |   |   |   |   |                                                                                              |   |   |   |   |   | 1,796,900 |   |   |   | 1,046,900 |   |
|                Aver Common stock warrants                   |   |   |   |   |                                                                                              |   |   |   |   |   | 3,085,000 |   |   |   | 835,000 |   |
|                                                                                                                                   |   |   |   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |
|                Basic Total shares excluded from calculation |   |   |   |   |                                                                                              |   |   |   |   |   | 4,881,900 |   |   |   | 1,881,900 |   |

|                                      |     |      |                |    |                                                                       |          |         |                                                                                                |   |      | Weighted |
|-------------------------------------------|----------|-----------|---------------------|---------|----------------------------------------------------------------------------|---------------|--------------|-----------------------------------------------------------------------------------------------------|--------|-----------|----------|
|                                      |     |      |                |    |                                                                       |          |         |                                                                                                |   |      | Average  |
|                                      |     |      |                |    |                                                                       |          |         |                 Weighted |   | Remaining |
|                                      |     |      |                | Average |                                                                       |  Average |         | Contractual                                                                                         |
|                                      | Warrants |      | Exercise Price |    | Grant-Date         Fair Value |          | Life (Years) |
| Warrants outstanding at January 1, 2008   |     | 1,652,518 |                | $       | 0.67                                                                       |          | $            |                                                                                                | 0.10   |      |     |
| Granted during 2008                       |     | 60,000    |                |    | 0.01                                                                       |          |         |                                                                                                | 0.10   |      |     |
| Exercised during 2008                     |     | (195,000) |                |    | 0.35                                                                       |          |         |                                                                                                | 0.10   |      |     |
| Expired during 2008                       |     | (682,518) |                |    | 0.32                                                                       |          |         |                                                                                                | 0.10   |      |     |
| Warrants outstanding at December 31, 2008 |     | 835,000   |                |    | 0.99                                                                       |          |         |                                                                                                | 0.10   |      |     |
| Granted during 2009                       |     | 2,250,000 |                |    | 0.77                                                                       |          |         |                                                                                                | 0.10   |      |     |
| Warrants outstanding at December 31, 2009 |     | 3,085,000 |                | $       | 0.83                                                                       |          | $            |                                                                                                | 0.10   |      | 7.07     |

|                                     |    |      |                |    |                                                                       |          |         |                                                                                          |   |      | Weighted |
|------------------------------------------|---------|-----------|---------------------|---------|----------------------------------------------------------------------------|---------------|--------------|-----------------------------------------------------------------------------------------------|--------|-----------|----------|
|                                     |    |      |                |    |                                                                       |          |         |                                                                                          |   |      | Average  |
|                                     |    |      |                |    |                                                                       |          |         |                Weighted |   | Remaining |
|                                     |    |      |                | Average |                                                                       |  Average |         | Contractual                                                                                   |
|                                     | Options |      | Exercise Price |    | Grant-Date         Fair Value |          | Life (Years) |
| Options outstanding at January 1, 2008   |    | 1,835,000 |                | $       | 0.01                                                                       |          | $            |                                                                                          | 0.10   |      |     |
| Exercised during 2008                    |    | (788,100) |                |    | 0.01                                                                       |          |         |                                                                                          | 0.10   |      |     |
| Options outstanding at December 31, 2008 |    | 1,046,900 |                |    | 0.01                                                                       |          |         |                                                                                          | 0.10   |      |     |
| Exercised during 2009                    |    | (750,000) |                |    | 0.01                                                                       |          |         |                                                                                          | 0.10   |      |     |
| Granted during 2009                      |    | 1,500,000 |                |    | 0.01                                                                       |          |         |                                                                                          | 0.10   |      |     |
| Options outstanding at December 31, 2009 |    | 1,796,900 |                | $       | 0.01                                                                       |          | $            |                                                                                          | 0.10   |      | 5.85     |

----

|                            |   | Years ended December 31, |   |
|---------------------------------|--------|-----------------------------------------|--------|
|                            |   | 2009                                    |   |   | 2008 |   |
| Weighted average risk-free rate |   |                                    | 4.87   | % |   |   | 4.64 | % |
| Average expected life in years  |   |                                    | 6.6    |   |   |   | 5.8 |   |
| Expected dividends              |   | None                                    |   |   | None |   |
| Volatility                      |   |                                    | 20     | % |   |   | 20 | % |
| Forfeiture rate                 |   |                                    | 0      | % |   |   | 0 | % |

----

----

----

----

----

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANT                                                           |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                         |
|                                                                                                         |
|                                                                                                         |
|  To the Board of Directors and Shareholders of:                                                         |
|  JEKYLL ISLAND VENTURES INC.                                                                            |
|                                                                                                         |
|                                                                                                         |
|  I have audited the accompanying balance sheet of Jekyll Island Ventures, Inc. as of                    |
|  December 31, 2008 and the related statement of income, changes in stockholders’ equity,          |
|  and cash flows for the year then ended.  These financial statements are the responsibility   |
|  of the Company's management.  My responsibility is to express an opinion on these            |
|  financial statements based on my audit.                                                                |
|                                                                                                         |
|  I conducted my audit in accordance with standards of the Public Company Accounting Oversight           |
|  Board (United States).  Those standards require that I plan and perform the audit to obtain  |
|  reasonable assurance about whether the financial statements are free of material misstatement.         |
|  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures          |
|  in the financial statements.  An audit also includes assessing the accounting principles     |
|  used and significant estimates made by management, as well as evaluating the overall                   |
|  financial statement presentation.  I believe that my audit provides a reasonable basis for   |
|  my opinion.                                                                                            |
|                                                                                                         |
|  In my opinion, the financial statements referred to above present fairly, in all                       |
|  material respects, the financial position of Jekyll Island Ventures, Inc.  as of             |
|  December 31, 2008, and the results of its operations and cash flows for the year then                  |
|  ended in conformity with U.S. generally accepted accounting principles.                                |
|                                                                                                         |
|  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 Company’s internal        |
|  control over financial reporting.  Accordingly, we express no such opinion.                  |
|                                                                                                         |
|                                                                                                         |
|                                                                                                         |
| /s/ Michael F. Albanese                                                                                      |
|  ___________________________                                                                            |
|  Michael F. Albanese, CPA                                                                               |
|  Parsippany, NJ                                                                                         |
|                                                                                                         |
|  October 5, 2010                                                                                   |

----

|   | JEKYLL ISLAND VENTURES INC.                                                              |   |
|--------|------------------------------------------------------------------------------------------|--------|
|   | BALANCE SHEET                                                                            |   |
|   | DECEMBER 31, 2008                                                                        |   |
|   |                                                                                     |   |   |   |
|   | ASSETS                                                                                   |   |
|   |                                                                                     |   |   |   |
|   | Current assets                                                                           |   |   |   |
|   |     Cash                                                             | $      |                      8,165 |   |
|   |     Accounts receivable                                              |   |                    72,485 |   |
|   |     Prepaid expenses                                                 |   |              563 |   |
|   |                                                                                     |   |   |   |
|   |                                                                                     |   |   |   |
|   |                                                                                     | $      |                    81,213 |   |
|   |                                                                                     |   |   |   |
|   | LIABILITIES AND STOCKHOLDERS' EQUITY                                                     |   |
|   |                                                                                     |   |   |   |
|   | Current liabilities                                                                      |   |   |   |
|   |     Accounts payable                                                 | $      |                           23 |   |
|   |                                                                                     |   |   |   |
|   |                                                                                     |   |   |   |
|   | Stockholders' equity                                                                     |   |   |   |
|   |     Common stock, no par value; 200 shares                           |   |   |   |
|   |          authorized, issued and outstanding |   |                         667 |   |
|   |     Retained earnings                                                |   |                    80,523 |   |
|   |                                                                                     |   |   |   |
|   | Total stockholders' equity                                                               |   |                    81,190 |   |
|   |                                                                                     |   |   |   |
|   |                                                                                     | $      |                    81,213 |   |
|   |                                                                                     |   |   |   |

----

| JEKYLL ISLAND VENTURES INC. |
|-----------------------------|
| INCOME STATEMENT            |
| DECEMBER 31, 2008           |
|                        |   |   |

| Sales                                                       | $      | 359,590 |   |
|-------------------------------------------------------------|--------|---------|--------|
|                                                        |   |    |   |
| Cost of sales                                               |   | 77,700  |   |
|                                                        |   |    |   |
| Gross profit                                                |   | 281,890 |   |
|                                                        |   |    |   |
| Operating expenses                                          |   |    |   |
|     General and administrative expenses |   | 259,730 |   |
|                                                        |   |    |   |
| Income from operations before provision for income taxes    |   | 22,160  |   |
|                                                        |   |    |   |
| Provision for income taxes                                  |   | 400     |   |
|                                                        |   |    |   |
| Net income                                                  | $      | 21,760  |   |
|                                                        |   |    |   |
|                                                        |   |    |   |

----

| JEKYLL ISLAND VENTURES INC.                                                                                               |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|
| STATEMENT OF CASH FLOWS                                                                                                   |   |
| DECEMBER 31, 2008                                                                                                         |   |
|                                                                                                                      |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                     |   |   |
|     Net income                                                                                        | $      | 21,760 |
|     Adjustments to reconcile net income to net                                                        |   |   |
|          cash used by operating activities                                   |   |   |
|          Increase (Decrease) in cash flows as a result of                    |   |   |
|          changes in asset and liability account balances:                    |   |   |
|             Accounts receivable                               |   | (21,348) |
|             Prepaid expenses                                  |   | (563) |
|             Accounts payable                                  |   | (186) |
|                                                                                                                      |   |   |
|               NET CASH USED BY OPERATING ACTIVITIES |   | (337) |
|                                                                                                                      |   |   |
| NET DECREASE IN CASH                                                                                                      |   | (337) |
|                                                                                                                      |   |   |
| CASH - BEGINNING OF YEAR                                                                                                  |   | 8,502 |
|                                                                                                                      |   |   |
| CASH - END OF YEAR                                                                                                        | $      | 8,165 |
|                                                                                                                      |   |   |
|                                                                                                                      |   |   |
|                                                                                                                      |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                        |   |   |
|     Cash paid during the year for:                                                                    |   |   |
|       Income taxes                                                                          | $      | 400 |
|                                                                                                                      |   |   |

----

|                               | Common stock |   |   | Retained |   |   |     |
|------------------------------------|--------------|--------|--------|----------|--------|--------|----------|
|                               | Shares       |   |   | Amount   |   |   | Earnings |   |   | Totals |
|                               |         |   |   |     |   |   |     |   |   |   |
| Balances, December 31, 2007        | 200          |   | $      | 667      |   | $      | 58,763   |   | $ | 59,430 |
|                               |         |   |   |     |   |   |     |   |   |   |
|     Net income |         |   |   |     |   |   | 21,760   |   |   | 21,760 |
|                               |         |   |   |     |   |   |     |   |   |   |
| Balances, December 31, 2008        | 200          |   | $      | 667      |   | $      | 80,523   |   | $ | 81,190 |

----

----

----

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANT                                                              |
|-----------------------------------------------------------------------------------------------------------------|
|                                                                                                            |
|                                                                                                            |
|                                                                                                            |
|  To the Board of Directors and Shareholders of:                                                            |
|  JEKYLL ISLAND VENTURES INC.                                                                               |
|                                                                                                            |
|                                                                                                            |
|  I have reviewed the accompanying balance sheet and the related statement of operations,                   |
|  changes in stockholders’ equity, and cash flows of Jekyll Island Ventures, Inc. as of               |
|  September 30, 2009.  These financial statements are the responsibility                          |
|  of the Company's management.                                                                              |
|                                                                                                            |
|  Except as discussed in the following paragraph, I conducted my review in accordance with the              |
|  standards of the Public Company Accounting Oversight Board (United States).   A review     |
|  of interim financial information consists principally of applying analytical procedures                   |
|  and making inquiries of persons responsible for financial and accounting matters.  It is        |
|  substantially less in scope than an audit conducted in accordance with the standards                      |
|  of the Public Company Accounting Oversight Board, the objective of which is the expression                |
|  of an opinion regarding the financial statements taken as a whole.   Accordingly, I do not |
|  express such an opinion.                                                                                  |
|                                                                                                            |
|  Based on my review, except for the effects of the Company’s presentation of accounts receivable     |
|  not including a reserve of $46,000, I am not aware of any material modifications that should              |
|  be made to the accompanying interim financial statements for them to be in conformity                     |
|  with U.S. generally accepted accounting principles.                                                       |
|                                                                                                            |
|                                                                                                            |
|                                                                                                            |
| /s/ Michael F. Albanese                                                                                         |
|  ___________________________                                                                               |
|  Michael F. Albanese, CPA                                                                                  |
|  Parsippany, NJ                                                                                            |
|                                                                                                            |
|   October 5, 2010                                                                                     |

----

| JEKYLL ISLAND VENTURES INC.                   |
|-----------------------------------------------|
| BALANCE SHEET                                 |
| FOR THE NINE MONTHS ENDING SEPTEMBER 31, 2009 |
|                                          |
|                                          |
|                                          |
| ASSETS                                        |
|                                          | Current assets |   |   |   |   |
|                                          |     Cash | $ |              4,023 |   |   |
|                                          |     Accounts receivable |   |            66,958 |   |   |
|                                          |   |   |   |   |   |
|                                          |   | $ |            70,981 |   |   |
|                                          |   |   |   |   |   |
|                                          | LIABILITIES AND STOCKHOLDERS' EQUITY |   |
|                                          |   |   |   |   |   |
|                                          | Stockholders' equity |   |   |   |   |
|                                          |     Common stock, no par value; 200 shares |   |   |   |   |
|                                          |          authorized, issued and outstanding |   |  -- |   |   |
|                                          |     Retained earnings |   |            70,981 |   |   |
|                                          |   |   |   |   |   |
|                                          | Total stockholders' equity |   |            70,981 |   |   |
|                                          |   |   |   |   |   |
|                                          |   | $ |            70,981 |   |   |

----

|  JEKYLL ISLAND VENTURES INC.                           |   |
|-------------------------------------------------------------|--------|
| INCOME STATEMENT                                            |   |
| FOR THE NINE MONTHS ENDING SEPTEMBER 31, 2009               |   |
|                                                        |   |   |
|                                                        |   |   |
| Sales                                                       | $      | 249,925 |
|                                                        |   |   |
| Cost of sales                                               |   | 59,417 |
|                                                        |   |   |
| Gross profit                                                |   | 190,508 |
|                                                        |   |   |
| Operating expenses                                          |   |   |
|     General and administrative expenses |   | 199,619 |
|                                                        |   |   |
| Loss from operations before provision for income taxes      |   | (9,111) |
|                                                        |   |   |
| Provision for income taxes                                  |   | 431 |
|                                                        |   |   |
| Net loss                                                    | $      | (9,542) |

----

|    JEKYLL ISLAND VENTURES INC.                                                                             |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|
| STATEMENT OF CASH FLOWS                                                                                                   |   |
| FOR THE NINE MONTHS ENDING SEPTEMBER 31, 2009                                                                             |   |
|                                                                                                                      |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                     |   |   |
|     Net loss                                                                                          | $      | (9,542) |
|     Adjustments to reconcile net loss to net                                                          |   |   |
|          cash used by operating activities                                   |   |   |
|          Increase (Decrease) in cash flows as a result of                    |   |   |
|          changes in asset and liability account balances:                    |   |   |
|             Accounts receivable                               |   | 5,527 |
|             Prepaid expenses                                  |   | 563 |
|             Accounts payable                                  |   | (23) |
|                                                                                                                      |   |   |
|                                                                                                                      |   |   |
|               NET CASH USED BY OPERATING ACTIVITIES |   | (3,475) |
|                                                                                                                      |   |   |
| NET CASH USED BY FINANCING ACTIVITIES:                                                                                    |   |   |
|      Return of capital                                                                           |   | (667) |
|                                                                                                                      |   |   |
| NET DECREASE IN CASH                                                                                                      |   | (4,142) |
|                                                                                                                      |   |   |
| CASH - BEGINNING OF PERIOD                                                                                                |   | 8,165 |
|                                                                                                                      |   |   |
| CASH - END OF PERIOD                                                                                                      | $      | 4,023 |
|                                                                                                                      |   |   |
|                                                                                                                      |   |   |
|                                                                                                                      |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                        |   |   |
|     Cash paid during the period for:                                                                  |   |   |
|       Income taxes                                                                          | $      | 431 |
|                                                                                                                      |   |   |

----

|  JEKYLL ISLAND VENTURES INC.                  |
|----------------------------------------------------|
| STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY |
| FOR THE NINE MONTHS ENDING SEPTEMBER 31, 2009      |
|                                               |   |   |   |   |   |   |
|                                               | Common stock |   |   | Retained |   |   |   |   |
|                                               | Shares |   |   | Amount |   |   | Earnings |   |   | Totals |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |
| Balances, December 31, 2008                        | 200 |   | $ | 667 |   | $ | 80,523 |   | $ | 81,190 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |
|     Return of capital          | -- |   |   | (667) |   |   | -- |   |   | (667) |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |
|     Net loss                   |   |   |   |   |   |   | (9,542) |   |   | (9,542) |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |
| Balances, September 30, 2009                       | 200 |   | $ | -- |   | $ | 70,981 |   | $ | 70,981 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |

----

----