| Delaware                                                      | 83-0432183                              |
|---------------------------------------------------------------|-----------------------------------------|
| (State or other jurisdiction of incorporation ororganization) | (I.R.S. Employer Identification Number) |

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|                                 |                                                                                  | Page   |
|--------------------------------------|---------------------------------------------------------------------------------------|--------|
|                                 |                                                                                  |   |
| PART I – FINANCIAL INFORMATION |                                                                                  |
|                                 |                                                                                  |   |
| Item 1:                              | Financial Statements                                                                  | 3      |
|                                 |                                                                                  |   |
| Item 2:                              | Management's Discussion and Analysis of Financial Condition and Results of Operations | 11     |
|                                 |                                                                                  |   |
| Item 3:                              | Quantitative and Qualitative Disclosures About Market Risk                            | 14     |
|                                 |                                                                                  |   |
| Item 4T:                             | Controls and Procedures                                                               | 14     |
|                                 |                                                                                  |   |
| PART II - OTHER INFORMATION          | 15                                                                                    |
|                                 |                                                                                  |   |
| Item 1:                              | Legal Proceedings                                                                     | 15     |
|                                 |                                                                                  |   |
| Item 1A:                             | Risk Factors                                                                          | 15     |
|                                 |                                                                                  |   |
| Item 2:                              | Unregistered Sales of Equity Securities and Use of Proceeds                           | 15     |
|                                 |                                                                                  |   |
| Item 3:                              | Defaults upon Senior Securities                                                       | 15     |
|                                 |                                                                                  |   |
| Item 4:                              | Submission of Matters to a Vote of Security Holders                                   | 15     |
|                                 |                                                                                  |   |
| Item 5:                              | Other Information                                                                     | 15     |
|                                 |                                                                                  |   |
| Item 6:                              | Exhibits                                                                              | 15     |

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|                                                                                                                                                         |   | March 31, |   |   | December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                                                                                                                                                    |   | 2010           |   |   | 2009              |   |
| Assets                                                                                                                                                       |   |           |   |   |              |   |
| Current assets                                                                                                                                               |   |           |   |   |              |   |
| Cash and cash equivalents                                                                                                                                    |   | $              | 83     |   |              | $      | 83 |   |
| Total current assets                                                                                                                                         |   |           | 83     |   |              |   | 83 |   |
| Goodwill                                                                                                                                                     |   |           | 56,917 |   |              |   | - |   |
| Total assets                                                                                                                                                 |   | $              | 57,000 |   |              | $      | 83 |   |
|                                                                                                                                                         |   |           |   |   |              |   |   |   |
| Liabilities and Stockholders' Equity (Deficit)                                                                                                               |   |           |   |   |              |   |   |   |
| Current liabilities                                                                                                                                          |   |           |   |   |              |   |   |   |
| Accounts payable                                                                                                                                             |   | $              | 4,500  |   |              | $      | 4,500 |   |
| Accrued expenses - related party interest                                                                                                                    |   |           | -      |   |              |   | 10,376 |   |
| Notes payable - related parties                                                                                                                              |   |           | -      |   |              |   | 45,600 |   |
| Advances from related parties                                                                                                                                |   |           | -      |   |              |   | 5,000 |   |
| Total current liabilities                                                                                                                                    |   |           | 4,500  |   |              |   | 65,476 |   |
|                                                                                                                                                         |   |           |   |   |              |   |   |   |
| Commitments and contingencies                                                                                                                                |   |           |   |   |              |   |   |   |
|                                                                                                                                                         |   |           |   |   |              |   |   |   |
| Stockholders' equity (deficit)                                                                                                                               |   |           |   |   |              |   |   |   |
| Preferred stock: $0.0001 par value; authorized 10,000,000 shares; no shares issued and outstanding                                                           |   |           | -      |   |              |   | - |   |
| Common stock: $0.0001 par value; authorized 75,000,000 shares; 1,665,000 shares issued and outstanding at March 31, 2010 and December 31, 2009, respectively |   |           | 167    |   |              |   | 167 |   |
| Additional paid-in capital                                                                                                                                   |   |           | 52,333 |   |              |   | 91,083 |   |
| Deficit accumulated during the development stage                                                                                                             |   |           | -      |   |              |   | (156,643 | ) |
| Total stockholders' equity (deficit)                                                                                                                         |   |           | 52,500 |   |              |   | (65,393 | ) |
| Total liabilities and stockholders' equity (deficit)                                                                                                         |   | $              | 57,000 |   |              | $      | 83 |   |

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|                                                   |   |                         |      |   |                     |   |      | Inception |   |
|--------------------------------------------------------|--------|------------------------------|-----------|--------|--------------------------|--------|-----------|-----------|--------|
|                                              |   |                         |      |   | (May 26, 2005) |   |
|                                              |   | Three Months Ended |      |   | Through                  |   |
|                                              |   | March 31,               |      |   | March 31,           |   |
|                                              |   | 2010                         |      |   | 2009                     |   |      | 2010      |   |
|                                                   |   |                         |      |   |                     |   |      |      |   |
| Net sales                                              |   | $                            | -         |   |                     | $      | -         |      |   | $ | - |   |
| Total revenues                                         |   |                         | -         |   |                     |   | -         |      |   |   | - |   |
| Costs and expenses:                                    |   |                         |      |   |                     |   |      |      |   |   |   |   |
| General and administrative expense                     |   |                         | -         |   |                     |   | 15        |      |   |   | 146,267 |   |
| Total costs and expenses                               |   |                         | -         |   |                     |   | 15        |      |   |   | 146,267 |   |
| Loss from operations                                   |   |                         | -         |   |                     |   | (15       | )         |   |   | (146,267 | ) |
| Other expenses (income):                               |   |                         |      |   |                     |   |      |      |   |   |   |   |
| Interest expense                                       |   |                         | 575       |   |                     |   | 1,124     |      |   |   | 10,951 |   |
|                                                   |   |                         | 575       |   |                     |   | 1,124     |      |   |   | 10,951 |   |
| Loss before income taxes                               |   |                         | (575      | )      |                     |   | (1,139    | )         |   |   | (157,218 | ) |
| Provision for income taxes                             |   |                         | -         |   |                     |   | -         |      |   |   | - |   |
| Net loss                                               |   | $                            | (575      | )      |                     | $      | (1,139    | )         |   | $ | (157,218 | ) |
|                                                   |   |                         |      |   |                     |   |      |      |   |   |   |   |
| Net loss per share, basic and diluted                  |   | $                            | (0.00     | )      |                     | $      | (0.00     | )         |   |   |   |   |
|                                                   |   |                         |      |   |                     |   |      |      |   |   |   |   |
| Weighted average shares outstanding, basic and diluted |   |                         | 1,665,000 |   |                     |   | 1,665,000 |      |   |   |   |   |

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|                                 |   |              |      |   |    |   |   |        |   |   | Deficit         |   |   |   |     |
|-------------------------------------------|--------|-------------------|-----------|--------|---------|--------|--------|-------------|--------|--------|-----------------|--------|--------|--------|----------|
|                                 |   |              |      |   |    |   |   |        |   |   | Accumulated     |   |   |   |     |
|                                 |   |              |      |   |    |   |   | Additional  |   |   | During the |   |   |   |     |
|                                 |   | Common stock |      |   | Paid-in |   |   | Development |   |   |            |   |
|                                 |   | Shares            |      |   | Amount  |   |   | Capital     |   |   | Stage           |   |   | Total  |     |
|                                      |   |              |      |   |    |   |   |        |   |   |            |   |   |   |     |
| Inception, May 26, 2005                   |   |              | -         |   |    | $      | -      |        |   | $      | -               |   |   | $      | -        |   |   | $ | - |   |
| Common stock issued for cash in June 2005 |   |              | 1,500,000 |   |    |   | 150    |        |   |   | 49,850          |   |   |   | -        |   |   |   | 50,000 |   |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (17,833  | ) |   |   | (17,833 | ) |
| Balance December 31, 2005                 |   |              | 1,500,000 |   |    |   | 150    |        |   |   | 49,850          |   |   |   | (17,833  | ) |   |   | 32,167 |   |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (34,558  | ) |   |   | (34,558 | ) |
| Balance, December 31, 2006                |   |              | 1,500,000 |   |    |   | 150    |        |   |   | 49,850          |   |   |   | (52,391  | ) |   |   | (2,391 | ) |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (40,017  | ) |   |   | (40,017 | ) |
| Balance, December 31, 2007                |   |              | 1,500,000 |   |    |   | 150    |        |   |   | 49,850          |   |   |   | (92,408  | ) |   |   | (42,408 | ) |
| Common stock issued for cash in May 2008  |   |              | 165,000   |   |    |   | 17     |        |   |   | 5,483           |   |   |   | -        |   |   |   | 5,500 |   |
| Compensatory portion of stock issuance    |   |              | -         |   |    |   | -      |        |   |   | 35,750          |   |   |   | -        |   |   |   | 35,750 |   |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (54,569  | ) |   |   | (54,569 | ) |
| Balance, December 31, 2008                |   |              | 1,665,000 |   |    |   | 167    |        |   |   | 91,083          |   |   |   | (146,977 | ) |   |   | (55,727 | ) |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (9,666   | ) |   |   | (9,666 | ) |
| Balance, December 31, 2009                |   |              | 1,665,000 |   |    |   | 167    |        |   |   | 91,083          |   |   |   | (156,643 | ) |   |   | (65,393 | ) |
| Shareholder debt forgiven                 |   |              | -         |   |    |   | -      |        |   |   | 61,551          |   |   |   | -        |   |   |   | 61,551 |   |
| Acquisition by Efftec International       |   |              | -         |   |    |   | -      |        |   |   | (100,301        | )      |   |   | 157,218  |   |   |   | 56,917 |   |
| Net loss                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |   | (575     | ) |   |   | (575 | ) |
| Balance, March 31, 2010                   |   |              | 1,665,000 |   |    | $      | 167    |        |   | $      | 52,333          |   |   | $      | -        |   |   | $ | 52,500 |   |

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|                                                                       |   |                         |   |   |           |   |   | Inception                |   |
|----------------------------------------------------------------------------|--------|------------------------------|--------|--------|----------------|--------|--------|--------------------------|--------|
|                                                                  |   |                         |   |   |           |   |   | (May 26, 2005) |   |
|                                                                  |   | Three months ended |   |   | through        |   |
|                                                                  |   | March 31,               |   |   | March 31, |   |
|                                                                  |   | 2010                         |   |   | 2009           |   |   | 2010                     |   |
|                                                                       |   |                         |   |   |           |   |   |                     |   |
| Cash flows from operating activities                                       |   |                         |   |   |           |   |   |                     |   |
| Net loss                                                                   |   | $                            | (575   | )      |           | $      | (1,139 | )                        |   | $ | (157,218 | ) |
| Adjustment to reconcile net loss to net cash used in operating activities: |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Stock based compensation                                                   |   |                         | -      |   |           |   | -      |                     |   |   | 35,750 |   |
| Change in other assets and liablities:                                     |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Prepaid expenses and other assets                                          |   |                         | -      |   |           |   | 3,750  |                     |   |   | - |   |
| Accounts payable and accrued expenses                                      |   |                         | 575    |   |           |   | 1,124  |                     |   |   | 15,451 |   |
| Advances from stockholders                                                 |   |                         | -      |   |           |   | -      |                     |   |   | 5,000 |   |
| Net cash provided by (used in) operations                                  |   |                         | -      |   |           |   | 3,735  |                     |   |   | (101,017 | ) |
|                                                                       |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Cash flows from financing activities                                       |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Loan proceeds                                                              |   |                         | -      |   |           |   | -      |                     |   |   | 45,600 |   |
| Stock subscription deposits                                                |   |                         | -      |   |           |   | (3,000 | )                        |   |   | - |   |
| Proceeds from sale of common stock                                         |   |                         | -      |   |           |   | -      |                     |   |   | 55,500 |   |
| Net cash provided by (used in) financing activities                        |   |                         | -      |   |           |   | (3,000 | )                        |   |   | 101,100 |   |
|                                                                       |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                       |   |                         | -      |   |           |   | 735    |                     |   |   | 83 |   |
| Cash and cash equivalents, beginning of period                             |   |                         | 83     |   |           |   | 739    |                     |   |   | - |   |
| Cash and cash equivalents, end of period                                   |   | $                            | 83     |   |           | $      | 1,474  |                     |   | $ | 83 |   |
|                                                                       |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Supplemental cash flow information                                         |   |                         |   |   |           |   |   |                     |   |   |   |   |
| Cash paid for interest                                                     |   | $                            | -      |   |           | $      | -      |                     |   | $ | - |   |
| Cash paid for income taxes                                                 |   |                         | -      |   |           |   | -      |                     |   |   | - |   |

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| 1. | Development Stage Enterprise |
|----|------------------------------|

| 2. | Basis of Presentation for Interim Financial Statements |
|----|--------------------------------------------------------|

| 3. | Summary of Significant Accounting Policies |
|----|--------------------------------------------|

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| 4. | Goodwill |
|----|----------|

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|                       |   | Balance      |     |   |         |   |     | Balance      |   |
|----------------------------|--------|--------------|----------|--------|--------------|--------|----------|--------------|--------|
|                  |   | Before       |     |   | Goodwill     |   |     | After        |   |
|                  |   | Transaction  |     |   | Entry        |   |     | Transaction  |   |
|                  |   | dr (cr) |     |   | dr (cr) |   |     | dr (cr) |   |
|                  |   |         |     |   |         |   |     |         |   |
| Goodwill                   |   | $            | -        |   |         | $      | 56,917   |         |   | $ | 56,917 |   |
|                       |   |         |     |   |         |   |     |         |   |   |   |   |
| Stockholders' equity       |   |         |     |   |         |   |     |         |   |   |   |   |
| Common stock               |   |         | (167     | )      |         |   |     |         |   |   | (167 | ) |
| Additional paid-in capital |   |         | (152,634 | )      |         |   | 100,301  |         |   |   | (52,333 | ) |
| Accumulated deficit        |   |         | 157,218  |   |         |   | (157,218 | )            |   |   | - |   |
|                       |   | $            | 4,417    |   |         | $      | (56,917  | )            |   | $ | (52,500 | ) |

| 5. | Notes Payable - Related Parties |
|----|---------------------------------|

| 6. | Related Party Transactions |
|----|----------------------------|

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| 7. | Stockholders’ Equity |
|----|----------------------------|

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|                                            |   |                         |   |   |           |   |   | From inception    |   |
|-------------------------------------------------|--------|------------------------------|--------|--------|----------------|--------|--------|------------------------|--------|
|                                            |   |                         |   |   |           |   |   | May 26, 2005 |   |
|                                            |   | Three months ended |   |   | through        |   |
|                                            |   | March 31,               |   |   | March 31, |   |
|                                            |   | 2010                         |   |   | 2009           |   |   | 2010                   |   |
|                                            |   |                         |   |   |           |   |   |                   |   |
| Cash provided by (used in) operations           |   | $                            | -      |   |           | $      | 3,735  |                   |   | $ | (101,017 | ) |
| Cash provided by (used in) financing activities |   |                         | -      |   |           |   | (3,000 | )                      |   |   | 101,100 |   |
| Increase (decrease) in cash equivalents         |   | $                            | -      |   |           | $      | 735    |                   |   | $ | 83 |   |

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| Exhibit |   | Description                                                                                                                                                                                                                                    |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                           |
| *3.1    |   | Certificate of Incorporation, as filed with the Delaware Secretary of State on May 26, 2005                                                                                                                                                    |
| *3.2    |   | By-laws                                                                                                                                                                                                                                        |
| **17.1  |   | Resignation letter from Paul T. Mannion, Jr.                                                                                                                                                                                                   |
| **17.2  |   | Resignation letter from Andrew Reckles                                                                                                                                                                                                         |
| **17.3  |   | Resignation letter from Paul T. Mannion, Jr.                                                                                                                                                                                                   |
| 31.1    |   | Certificate of the Company's principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Quarterly Report for the quarter ended September 30, 2008 |
| 32.1    |   | Certification of the Company's principal executive officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                            |
|    |   |                                                                                                                                                                                                                                           |
| *       |   | Filed as an exhibit to the Company's Registration Statement on Form 10-SB, as filed with the Securities and Exchange Commission on January 12, 2006 and incorporated herein by this reference                                                  |
|    |   |                                                                                                                                                                                                                                           |
| **      |   | Filed as an exhibit to the Company's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 15, 2008 and incorporated herein by this reference                                                                |

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|              | BLACK NICKEL ACQUISITION CORP, III             |
|-------------------|------------------------------------------------|
|              |                                           |
| February 25, 2011 | /s/ Michael D. Pruitt                          |
|              | Michael D. Pruitt, Chief Executive Officer and |
|              | Chief Financial Officer                        |

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