| State                of Colorado     (State                or Other Jurisdiction of     Incorporation                or Organization)      |  25-1302097(I.R.S.                EmployerIdentification                #) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|

----

**WHITEMARK      HOMES, INC.**

**WHITEMARK      HOMES, INC.**

|                                                                                                                                  |   |                   |    |                   |   | From Inception |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|------------------------|--------|---------------------|--------|
|                                                                                                                                  |   |                   |    |                   |   | of Development |   |
|                                                                                                                                  |   |                   |    |                   |   | Stage on       |   |
|                                                                                                                                  |   | For the Nine |    | For the Nine |   | October 1,     |   |
|                                                                                                                                  |   | Months Ended      |    | Months Ended      |   | 2007 through   |   |
|                                                                                                                                  |   | September 30,     |    | September 30,     |   | September 30,  |   |
|                                                                                                                                  |   | 2008                   |    | 2007                   |   | 2008                |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                                                 |   |                   |    |                   |   |                |   |   |   |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| Net                  income (loss)                                                                                                    |   | $                      | (34,382 | )                      | $      | (402,247            | )      | $ | (75,525 | ) |
| Adjustments                  to reconcile net income (loss) to net cash provided for (used by)                  operating activities: |   |                   |    |                   |   |                |   |   |   |   |
| Discontinued                  operations                                                                                              |   |                   | -       |                   |   | (48,621             | )      |   | - |   |
| Changes                  in operating assets and liabilities:                                                                         |   |                   |    |                   |   |                |   |   |   |   |
| Accounts                  payable and accrued expenses                                                                                |   |                   | 10,857  |                   |   | -                   |   |   | 49,457 |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| Net                  Cash Provided (Used) by                                                                                          |   |                   |    |                   |   |                |   |   |   |   |
| Operating                  Activities                                                                                                 |   |                   | (23,525 | )                      |   | (450,868            | )      |   | (26,068 | ) |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                                                 |   |                   |    |                   |   |                |   |   |   |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| Discontinued                  operations                                                                                              |   |                   | -       |                   |   | (2,090,911          | )      |   | - |   |
| Proceeds                  from advances payable-related party                                                                         |   |                   | 21,500  |                   |   | -                   |   |   | 25,372 |   |
| Proceeds                  from stock issuance                                                                                         |   |                   | -       |                   |   | -                   |   |   | - |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| Net                  Cash Provided by                                                                                                 |   |                   |    |                   |   |                |   |   |   |   |
| Financing                  Activities                                                                                                 |   |                   | 21,500  |                   |   | (2,090,911          | )      |   | 25,372 |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| NET                  INCREASE (DECREASE) IN CASH                                                                                      |   |                   | (2,025  | )                      |   | (2,541,779          | )      |   | (696 | ) |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| CASH                  AT BEGINNING OF PERIOD                                                                                          |   |                   | 2,025   |                   |   | 2,542,475           |   |   | 696 |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| CASH                  AT END OF PERIOD                                                                                                |   | $                      | -       |                   | $      | 696                 |   | $ | - |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| SUPPLEMENTAL                  DISCLOSURES:                                                                                            |   |                   |    |                   |   |                |   |   |   |   |
|                                                                                                                                  |   |                   |    |                   |   |                |   |   |   |   |
| Cash                  Paid For:                                                                                                       |   |                   |    |                   |   |                |   |   |   |   |
| Income                  Taxes                                                                                                         |   | $                      | -       |                   | $      | -                   |   | $ | - |   |
| Interest                                                                                                                              |   | $                      | -       |                   | $      | 94,428              |   | $ | - |   |

----

**WHITEMARK      HOMES, INC.**

|                                                                                        |   |              |       |    |   |    |   |    |       | Total         |   |
|---------------------------------------------------------------------------------------------|--------|-------------------|------------|--------------|--------|--------------|--------|--------------|------------|---------------|--------|
|                                                                                        |   |              |       |    |   | Additional   |   |    |       | Stockholders' |   |
|                                                                                        |   | Common Stock |       | Paid-In      |   | Accumulated  |   | Equity       |       |
|                                                                                        |   | Shares            |       | Amount       |   | Capital      |   | Deficit      |       | (Deficit)     |   |
|                                                                                        |   |              |       |    |   |    |   |    |       |     |   |
| Balances                at December 31, 2005                                                |   |              | 21,657,467 |         | $      | 21,657       |   | $            | 24,106,069 |          | $      | (22,681,345 | ) | $ | 1,446,381 |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Stock                issued under dividend  reinvestment program                       |   |              | 12,128     |         |   | 12           |   |         | 2,178      |          |   | - |   |   | 2,190 |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Dividends                payable                                                            |   |              | -          |         |   | -            |   |         | -          |          |   | (1,492,361 | ) |   | (1,492,361 | ) |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Net                    income for the year ended December 31,                    2006       |   |              | -          |         |   | -            |   |         | -          |          |   | 1,060,591 |   |   | 1,060,591 |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Balance,                December 31, 2006                                                   |   |              | 21,669,595 |         |   | 21,669       |   |         | 24,108,247 |          |   | (23,113,115 | ) |   | 1,016,801 |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Stock                    cancelled pursuant to lawsuit                    settlement        |   |              | (350,000   | )            |   | (350         | )      |         | 350        |          |   | - |   |   | - |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Stock                issued under dividend reinvestment program                        |   |              | 11,484     |         |   | 13           |   |         | 1,849      |          |   | - |   |   | 1,862 |   |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Net                    loss for the year ended December 31,                    2007         |   |              | -          |         |   | -            |   |         | -          |          |   | (1,059,110 | ) |   | (1,059,110 | ) |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Balance,                December 31, 2007                                                   |   |              | 21,331,079 |         |   | 21,332       |   |         | 24,110,446 |          |   | (24,172,225 | ) |   | (40,447 | ) |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Net                    loss for the nine months ended September 30,                    2008 |   |              | -          |         |   | -            |   |         | -          |          |   | (34,382 | ) |   | (34,382 | ) |
|                                                                                        |   |              |       |         |   |         |   |         |       |          |   |   |   |   |   |   |
| Balance,                September 30, 2008                                                  |   |              | 21,331,079 |         | $      | 21,332       |   | $            | 24,110,446 |          | $      | (24,206,607 | ) | $ | (74,829 | ) |

----

**WHITEMARK      HOMES, INC.**

|                                                                 |   |                    |       |                    |   |                   |   |                   |       | From Inception |   |
|----------------------------------------------------------------------|--------|-------------------------|------------|-------------------------|--------|------------------------|--------|------------------------|------------|---------------------|--------|
|                                                                 |   |                    |       |                    |   |                   |   |                   |       | of Development |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       | Stage on       |   |
|                                                                 |   | For the Three |       | For the Three |   | For the Nine |   | For the Nine |       | October 1,     |   |
|                                                                 |   | Months Ended       |       | Months Ended       |   | Months Ended      |   | Months Ended      |       | 2007 through   |   |
|                                                                 |   | September 30,      |       | September 30,      |   | September 30,     |   | September 30,     |       | September 30,  |   |
|                                                                 |   | 2008                    |       | 2007                    |   | 2008                   |   | 2007                   |       | 2008                |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |
| REVENUES                                                             |   | $                       | -          |                    | $      | -                      |   | $                      | -          |                | $      | - |   | $ | - |   |
| COST                  OF REVENUES                                    |   |                    | -          |                    |   | -                      |   |                   | -          |                |   | - |   |   | - |   |
| GROSS                  MARGIN                                        |   |                    | -          |                    |   | -                      |   |                   | -          |                |   | - |   |   | - |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| OPERATING                  EXPENSES                                  |   |                    |            |                    |   |                        |   |                   |            |                |   |  |   |   |  |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| Sales,                  general and administrative                   |   |                    | 7,381      |                    |   | -                      |   |                   | 34,382     |                |   | - |   |   | 75,525 |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| Total                  Operating Expenses                            |   |                    | 7,381      |                    |   | -                      |   |                   | 34,382     |                |   | - |   |   | 75,525 |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| INCOME                  FROM OPERATIONS                              |   |                    | (7,381     | )                       |   | -                      |   |                   | (34,382    | )                   |   | - |   |   | (75,525 | ) |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| OTHER                  INCOME (EXPENSE)                              |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| Other                  income (expense)                              |   |                    | -          |                    |   | -                      |   |                   | -          |                |   | - |   |   | - |   |
| Interest                  expense                                    |   |                    | -          |                    |   | -                      |   |                   | -          |                |   | - |   |   | - |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| Total                  Other Income (Expense)                        |   |                    | -          |                    |   | -                      |   |                   | -          |                |   | - |   |   | - |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| LOSS                  FROM CONTINUING OPERATIONS                     |   |                    | (7,381     | )                       |   | -                      |   |                   | (34,382    | )                   |   | - |   |   | (75,525 | ) |
| INCOME                  (LOSS) FROM DISCONTINUED OPERATIONS          |   |                    | -          |                    |   | (135,098               | )      |                   | -          |                |   | (402,247 | ) |   | - |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| NET                  (LOSS)                                          |   | $                       | (7,381     | )                       | $      | (135,098               | )      | $                      | (34,382    | )                   | $      | (402,247 | ) | $ | (75,525 | ) |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| BASIC                  INCOME (LOSS) PER SHARE                       |   | $                       | (0.00      | )                       | $      | (0.01                  | )      | $                      | (0.00      | )                   | $      | (0.02 | ) |   |   |   |
|                                                                 |   |                    |       |                    |   |                   |   |                   |       |                |   |   |   |   |   |   |
| BASIC                  WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |   |                    | 21,331,079 |                    |   | 21,331,172             |   |                   | 21,331,079 |                |   | 21,362,134 |   |   |   |   |

----

**WHITEMARK      HOMES, INC.**

|                                                                                                                                                                      |   | September 30, |        | December 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-------------|-------------------|--------|
|                                                                                                                                                                      |   | 2008               |        | 2007              |   |
|                                                                                                                                                                      |   | (unaudited)        |        |              |   |
| ASSETS                                                                                                                                                                    |   |               |        |              |   |   |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| CURRENT                  ASSETS                                                                                                                                           |   |               |        |              |   |   |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Cash                  and cash equivalents                                                                                                                                |   | $                  | -           |              | $      | 2,025 |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Total                  Current Assets                                                                                                                                     |   |               | -           |              |   | 2,025 |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| TOTAL                  ASSETS                                                                                                                                             |   | $                  | -           |              | $      | 2,025 |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                           |   |               |        |              |   |   |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                                      |   |               |        |              |   |   |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Advances                  payable-related party                                                                                                                           |   | $                  | 25,372      |              | $      | 3,872 |   |
| Accounts                  payable and accrued expenses                                                                                                                    |   |               | 49,457      |              |   | 38,600 |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Total                  Current Liabilities                                                                                                                                |   |               | 74,829      |              |   | 42,472 |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| STOCKHOLDERS'                  EQUITY (DEFICIT)                                                                                                                           |   |               |        |              |   |   |   |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Common                  stock - $0.001 par value; 100,000,000 shares authorized;72,331,079                  and                  21,331,079 shares issued and outstanding |   |               | 21,332      |              |   | 21,332 |   |
| Additional                  paid-in capital                                                                                                                               |   |               | 24,110,446  |              |   | 24,110,446 |   |
| Accumulated                  deficit                                                                                                                                      |   |               | (24,206,607 | )                 |   | (24,172,225 | ) |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| Total                  Stockholders' Equity (Deficit)                                                                                                                     |   |               | (74,829     | )                 |   | (40,447 | ) |
|                                                                                                                                                                      |   |               |        |              |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                     |   | $                  | -           |              | $      | 2,025 |   |

----

**Whitemark        Homes**

|                                                |   | **Balance**    |        |      |   |         |   |
|-----------------------------------------------------|--------|----------------|-------------|-----------|--------|--------------|--------|
|                                                |   | **12/31/2006** |        | **Debit** |   | **Credit**   |   |
|                                                |   |           |        |      |   |         |   |
| LAND                  AND HOME INVENTORY            |   |           | 1,011,238   |      |   |         |   |   | (470,784 | ) |
| CASH                  AND CASH EQUIVALENTS          |   |           | 2,542,475   |      |   |         |   |   | (1,659,104 | ) |
| ACCOUNTS                  RECEIVABLE                |   |           | 154,437     |      |   |         |   |   | (121,052 | ) |
| PREPAID                  EXPENSES                   |   |           | 208,838     |      |   |         |   |   | (4,118 | ) |
| OTHER                  ASSETS                       |   |           | 51,569      |      |   |         |   |   | (3,728 | ) |
|                                                |   |           |        |      |   |         |   |   |   |   |
| RELATED                  PARTY ADVANCES PAYABLE     |   |           | (1,267,214  | )         |   | 597,673      |   |   |   |   |
| ACCOUNTS                  PAYABLE                   |   |           | (151,178    | )         |   | 83,620       |   |   |   |   |
| CASH                  DIVIDENDS PAYABLE             |   |           | (1,492,361  | )         |   | 1,492,361    |   |   |   |   |
| ACCRUED                  EXPENSES                   |   |           | (31,003     | )         |   | 3,363        |   |   |   |   |
| HOME                  SALE DEPOSITS                 |   |           | (10,000     | )         |   | 10,000       |   |   |   |   |
|                                                |   |           |        |      |   |         |   |   |   |   |
| COMMON                  STOCK                       |   |           | (21,669     | )         |   | 340          |   |   |   |   |
| ADDITIONAL                  PAID-IN CAPITAL         |   |           | (24,108,247 | )         |   |         |   |   | (1,570 | ) |
| ACCUMULATED                  DEFICIT                |   |           | 24,173,706  |      |   |         |   |   |   |   |
|                                                |   |           |        |      |   |         |   |   |   |   |
| REVENUE                                             |   |           | (17,745,938 | )         |   |         |   |   | (630,000 | ) |
| COST                  OF SALES                      |   |           | 15,171,685  |      |   | 558,436      |   |   |   |   |
| SALES,                  GENERAL, AND ADMINISTRATIVE |   |           | 1,485,304   |      |   | 201,510      |   |   |   |   |
| OTHER                  INCOME                       |   |           | (91,019     | )         |   |         |   |   | (77,803 | ) |
| INTEREST                  EXPENSE                   |   |           | 45,377      |      |   | 20,856       |   |   |   |   |
| INCOME                  TAX PROVISION               |   |           | 74,000      |      |   |    |   |   |    |   |
|                                                |   |           |        |      |   |         |   |   |   |   |
|                                                |   |           | -           |      |   | 2,968,159    |   |   | (2,968,159 | ) |

|                                                |   | **Balance**   |        |      |   |       |   | **Balance**   |     |      |   |        |   | **Balance**   |    |
|-----------------------------------------------------|--------|---------------|-------------|-----------|--------|------------|--------|---------------|----------|-----------|--------|-------------|--------|---------------|---------|
|                                                |   | **3/31/2007** |        | **Debit** |   | **Credit** |   | **6/30/2007** |     | **Debit** |   | **Credit**  |   | **9/30/2007** |    |
|                                                |   |          |        |      |   |       |   |          |     |      |   |        |   |          |    |
| LAND                  AND HOME INVENTORY            |   |          | 540,454     |      |   | 2,311      |   |          |     |      |   | 542,765     |   |          |    |   |   | (542,765 | ) |   | - |   |
| CASH                  AND CASH EQUIVALENTS          |   |          | 883,371     |      |   |       |   |          | (721,215 | )         |   | 162,156     |   |          |    |   |   | (161,460 | ) |   | 696 |   |
| ACCOUNTS                  RECEIVABLE                |   |          | 33,385      |      |   |       |   |          |     |      |   | 33,385      |   |          |    |   |   | (33,385 | ) |   | - |   |
| PREPAID                  EXPENSES                   |   |          | 204,720     |      |   | 984,234    |   |          |     |      |   | 1,188,954   |   |          |    |   |   | (573,584 | ) |   | 615,370 |   |
| OTHER                  ASSETS                       |   |          | 47,841      |      |   |       |   |          | (3,730   | )         |   | 44,111      |   |          |    |   |   | (44,111 | ) |   | - |   |
|                                                |   |          |        |      |   |       |   |          |     |      |   |        |   |          |    |   |   |   |   |   |   |   |
| RELATED                  PARTY ADVANCES PAYABLE     |   |          | (669,541    | )         |   | 1,047      |   |          |     |      |   | (668,494    | )      |          | 668,494 |   |   |   |   |   | - |   |
| ACCOUNTS                  PAYABLE                   |   |          | (67,558     | )         |   |       |   |          | (478,281 | )         |   | (545,839    | )      |          | 545,839 |   |   |   |   |   | - |   |
| CASH                  DIVIDENDS PAYABLE             |   |          | -           |      |   |       |   |          |     |      |   | -           |   |          |    |   |   |   |   |   | - |   |
| ACCRUED                  EXPENSES                   |   |          | (27,640     | )         |   | 17,804     |   |          |     |      |   | (9,836      | )      |          | 9,836   |   |   |   |   |   | - |   |
| HOME                  SALE DEPOSITS                 |   |          | -           |      |   |       |   |          |     |      |   | -           |   |          |    |   |   |   |   |   | - |   |
|                                                |   |          |        |      |   |       |   |          |     |      |   |        |   |          |    |   |   |   |   |   |   |   |
| COMMON                  STOCK                       |   |          | (21,329     | )         |   |       |   |          | (2       | )         |   | (21,331     | )      |          |    |   |   | (1 | ) |   | (21,332 | ) |
| ADDITIONAL                  PAID-IN CAPITAL         |   |          | (24,109,817 | )         |   |       |   |          | (215     | )         |   | (24,110,032 | )      |          |    |   |   | (64 | ) |   | (24,110,096 | ) |
| ACCUMULATED                  DEFICIT                |   |          | 23,113,115  |      |   |       |   |          |     |      |   | 23,113,115  |   |          |    |   |   |   |   |   | 23,113,115 |   |
|                                                |   |          |        |      |   |       |   |          |     |      |   |        |   |          |    |   |   |   |   |   |   |   |
| REVENUE                                             |   |          | (630,000    | )         |   |       |   |          |     |      |   | (630,000    | )      |          |    |   |   |   |   |   | (630,000 | ) |
| COST                  OF SALES                      |   |          | 558,436     |      |   |       |   |          |     |      |   | 558,436     |   |          |    |   |   |   |   |   | 558,436 |   |
| SALES,                  GENERAL, AND ADMINISTRATIVE |   |          | 201,510     |      |   | 223,797    |   |          |     |      |   | 425,307     |   |          | 146,162 |   |   |   |   |   | 564,278 |   |
| OTHER                  INCOME                       |   |          | (77,803     | )         |   |       |   |          | (35,226  | )         |   | (113,029    | )      |          |    |   |   | (24,028 | ) |   | (129,867 | ) |
| INTEREST                  EXPENSE                   |   |          | 20,856      |      |   | 9,476      |   |          |     |      |   | 30,332      |   |          | 9,067   |   |   |   |   |   | 39,400 |   |
| INCOME                  TAX PROVISION               |   |          | -           |      |   |       |   |          |     |      |   | -           |   |          |    |   |   |   |   |   | - |   |

----

|                                                |   |      |         |       |   | **Balance**    |   |      |        |       |   | **Balance**   |   |      |         |
|-----------------------------------------------------|--------|-----------|--------------|------------|--------|----------------|--------|-----------|-------------|------------|--------|---------------|--------|-----------|--------------|
|                                                |   | **Debit** |         | **Credit** |   | **12/31/2007** |   | **Debit** |        | **Credit** |   | **3/31/2008** |   | **Debit** |         |
|                                                |   |      |         |       |   |           |   |      |        |       |   |          |   |      |         |
| LAND                  AND HOME INVENTORY            |   |      |         |       |   |           |   |      | -           |       |   |          |   |      |         |   |   | - |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS          |   |      | 3,872        |       |   | (2,543         | )      |      | 2,025       |       |   | -             |   |      | (1,538       | ) |   | 487 |   |   | 13,500 |   |
| ACCOUNTS                  RECEIVABLE                |   |      |         |       |   |           |   |      | -           |       |   |          |   |      |         |   |   | - |   |   |   |   |
| PREPAID                  EXPENSES                   |   |      |         |       |   | (615,370       | )      |      | -           |       |   |          |   |      | -            |   |   | - |   |   |   |   |
| OTHER                  ASSETS                       |   |      |         |       |   |           |   |      | -           |       |   |          |   |      |         |   |   | - |   |   |   |   |
|                                                |   |      |         |       |   |           |   |      |        |       |   |          |   |      |         |   |   |   |   |   |   |   |
| RELATED                  PARTY ADVANCES PAYABLE     |   |      |         |       |   | (3,872         | )      |      | (3,872      | )          |   |          |   |      | (8,000       | ) |   | (11,872 | ) |   |   |   |
| ACCOUNTS                  PAYABLE                   |   |      |         |       |   |           |   |      | -           |       |   |          |   |      | (2,608       | ) |   | (2,608 | ) |   |   |   |
| CASH                  DIVIDENDS PAYABLE             |   |      |         |       |   |           |   |      | -           |       |   |          |   |      |         |   |   | - |   |   |   |   |
| ACCRUED                  EXPENSES                   |   |      |         |       |   | (38,600        | )      |      | (38,600     | )          |   |          |   |      | -            |   |   | (38,600 | ) |   |   |   |
| HOME                  SALE DEPOSITS                 |   |      |         |       |   |           |   |      | -           |       |   |          |   |      |         |   |   | - |   |   |   |   |
|                                                |   |      |         |       |   |           |   |      |        |       |   |          |   |      |         |   |   |   |   |   |   |   |
| COMMON                  STOCK                       |   |      |         |       |   |           |   |      | (21,332     | )          |   |          |   |      |         |   |   | (21,332 | ) |   |   |   |
| ADDITIONAL                  PAID-IN CAPITAL         |   |      |         |       |   | (350           | )      |      | (24,110,446 | )          |   |          |   |      | -            |   |   | (24,110,446 | ) |   |   |   |
| ACCUMULATED                  DEFICIT                |   |      |         |       |   |           |   |      | 23,113,115  |       |   | 1,059,110     |   |      |         |   |   | 24,172,225 |   |   | - |   |
|                                                |   |      |         |       |   |           |   |      |        |       |   |          |   |      |         |   |   |   |   |   |   |   |
| REVENUE                                             |   |      |         |       |   |           |   |      | (630,000    | )          |   | 630,000       |   |      |         |   |   | - |   |   | - |   |
| COST                  OF SALES                      |   |      |         |       |   |           |   |      | 558,436     |       |   |          |   |      | (558,436     | ) |   | - |   |   |   |   |
| SALES,                  GENERAL, AND ADMINISTRATIVE |   |      | 656,863      |       |   |           |   |      | 1,221,141   |       |   | 12,146        |   |      | (1,221,141   | ) |   | 12,146 |   |   | 14,855 |   |
| OTHER                  INCOME                       |   |      |         |       |   |           |   |      | (129,867    | )          |   | 129,867       |   |      |         |   |   | - |   |   | - |   |
| INTEREST                  EXPENSE                   |   |      |         |       |   |           |   |      | 39,400      |       |   |          |   |      | (39,400      | ) |   | - |   |   |   |   |
| INCOME                  TAX PROVISION               |   |      |    |       |   |      |   |      | -           |       |   |     |   |      |    |   |   | - |   |   |    |   |
|                                                |   |      |         |       |   |           |   |      |        |       |   |          |   |      |         |   |   |   |   |   |   |   |
|                                                |   |      | 660,735      |       |   | (660,735       | )      |      | -           |       |   | 1,831,123     |   |      | (1,831,123   | ) |   | - |   |   | 28,355 |   |

|                                                |   |       |         | **Balance**   |   |        |   |       |         | **Balance**   |   |
|-----------------------------------------------------|--------|------------|--------------|---------------|--------|-------------|--------|------------|--------------|---------------|--------|
|                                                |   | **Credit** |         | **6/30/2008** |   | **Debit**   |   | **Credit** |         | **9/30/2008** |   |
|                                                |   |       |         |          |   |        |   |       |         |          |   |
| LAND                  AND HOME INVENTORY            |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| CASH                  AND CASH EQUIVALENTS          |   |       | (13,543      | )             |   | 444         |   |       |         |          |   | (444 | ) |   | - |   |
| ACCOUNTS                  RECEIVABLE                |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| PREPAID                  EXPENSES                   |   |       | -            |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| OTHER                  ASSETS                       |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
|                                                |   |       |         |          |   |        |   |       |         |          |   |   |   |   |   |   |
| RELATED                  PARTY ADVANCES PAYABLE     |   |       | (13,500      | )             |   | (25,372     | )      |       |         |          |   |   |   |   | (25,372 | ) |
| ACCOUNTS                  PAYABLE                   |   |       | (1,312       | )             |   | (3,920      | )      |       |         |          |   | (4,778 | ) |   | (8,698 | ) |
| CASH                  DIVIDENDS PAYABLE             |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| ACCRUED                  EXPENSES                   |   |       | -            |          |   | (38,600     | )      |       |         |          |   |   |   |   | (38,600 | ) |
| HOME                  SALE DEPOSITS                 |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
|                                                |   |       |         |          |   |        |   |       |         |          |   |   |   |   |   |   |
| COMMON                  STOCK                       |   |       |         |          |   | (21,332     | )      |       |         |          |   |   |   |   | (21,332 | ) |
| ADDITIONAL                  PAID-IN CAPITAL         |   |       | -            |          |   | (24,110,446 | )      |       |         |          |   |   |   |   | (24,110,446 | ) |
| ACCUMULATED                  DEFICIT                |   |       |         |          |   | 24,172,225  |   |       |         |          |   |   |   |   | 24,172,225 |   |
|                                                |   |       |         |          |   |        |   |       |         |          |   |   |   |   |   |   |
| REVENUE                                             |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| COST                  OF SALES                      |   |       | -            |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| SALES,                  GENERAL, AND ADMINISTRATIVE |   |       | -            |          |   | 27,001      |   |       | 5,222        |          |   |   |   |   | 32,223 |   |
| OTHER                  INCOME                       |   |       |         |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| INTEREST                  EXPENSE                   |   |       | -            |          |   | -           |   |       |         |          |   |   |   |   | - |   |
| INCOME                  TAX PROVISION               |   |       |    |          |   | -           |   |       |    |          |   |    |   |   | - |   |
|                                                |   |       |         |          |   |        |   |       |         |          |   |   |   |   |   |   |
|                                                |   |       | (28,355      | )             |   | -           |   |       | 5,222        |          |   | (5,222 | ) |   | - |   |

----

----

** **

----

----

| 31.1   | Certification                by Chief Executive Officer and Acting Principal Financial Officer                (one                individual) pursuant to Section 302 of the Sarbanes-Oxley Act of                2002       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                              |
| 32.1   | Certification                by Chief Executive Officer and Acting Principal Financial Officer                (one                individual)  pursuant to Section 906 of the Sarbanes-Oxley Act                of 2002 |

----

| WHITEMARK                HOMES, INC. |
|--------------------------------------|
| By:                        | /s/                Barry                Reese |
|                                 | Barry                Reese |
|                                 | Chief                Executive Officer,President,                and Acting Chief Financial                Officer |

----