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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 10-K

            [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                     For the fiscal year ended: May 31, 2008

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                       Commission File Number: 000 - 53254

                               Econometrics, Inc.
                 (Name of small business issuer in its charter)

               Delaware                                      26-2443288
    (State or other jurisdiction of                       (I.R.S. Employer
    incorporation or organization)                       Identification No.)

         330 Clematis Street, Suite 217, West Palm Beach, Florida, 33401
               (Address of principal executive offices) (zip code)

Registrant's telephone number, including area code - (800) 341-2684

Securities registered under Section 12 (b) of the Exchange Act:  NONE

Securities registered under to Section 12 (g) of the Exchange Act:

                           Common Stock, $.001 par value
                                (Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in rule 405 of the Securities Act. YES [ ] NO [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or 15(d) of the Exchange Act. [ ]

Indicate by check mark whether the registrant (1) filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days. YES [ ] NO [X]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained herein, and no disclosure will be contained, to the
best of Registrant's  knowledge,  in definitive proxy or information statements
incorporated by reference  in Part III of this Form 10-K or any  amendment to
this Form 10-K. [X]

Indicate by checkmark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company.
[X] Smaller Reporting Company

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Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) YES [X] NO [ ]

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant's most recently completed second fiscal
year. $1,216 (243,298 shares at $.005).

Note: If determining whether a person is an affiliate will involve an
unreasonable effort and expense, the issuer may calculate the aggregate market
value of the common equity held by non-affiliates on the basis of reasonable
assumptions, if the assumptions are stated.


        APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS
                        DURING THE PRECEDING FIVE YEARS:

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. YES [ ] NO [ ]

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date. 4,243,318 as of July 14, 2008

                    DOCUMENTS INCORPORATED BY REFERENCE: None

Transitional Small Business Disclosure Format (check one) Yes No X

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                                  ECONOMETRICS

                                TABLE OF CONTENTS


                                                                            Page
                                     Part I
Item 1.  Business............................................................ 1

Item 1A. Risk Factors........................................................ 8

Item 2.  Properties..........................................................12

Item 3.  Legal Proceedings...................................................12

Item 4.  Submission of Matters to a Vote of Security Holders.................12

                                     Part II

Item 5.  Market for Registrant's Common Equity, Related Stockholder Matters
           and Issuer Purchases of Equity Securities.........................13

Item 6.  Selected Financial Data.............................................15

Item 7.  Management's Discussion and Analysis................................15

Item 8.  Financial Statements and Supplementary Data.........................F-1

Item 9.  Changes in and Disagreements with Accountants
           on Accounting and Financial Disclosure............................18

Item 9A(T). Controls and Procedures..........................................18

Item 9B. Other Information...................................................18

                                    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......21

Item 13. Certain Relationships and Related Transactions......................21

Item 14. Principal Accountant fees and services..............................22

                                     PART IV

Item 15. Exhibits, Financial Statement Schedules.............................23

Signatures...................................................................24


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                                     PART I

ITEM 1.  BUSINESS

         This annual report on Form 10-K contains forward-looking statements
that are based on current expectations, estimates, forecasts and projections
about the Company, us, our future performance, our beliefs and our Management's
assumptions. In addition, other written or oral statements that constitute
forward-looking statements may be made by us or on our behalf. Words such as
"expects," "anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict or assess.
Therefore, actual outcomes and results may differ materially from what is
expressed or forecast in such forward-looking statements. Except as required
under the federal securities laws and the rules and regulations of the SEC, we
do not have any intention or obligation to update publicly any forward-looking
statements after the filing of this Form 10-K, whether as a result of new
information, future events, changes in assumptions or otherwise.

         Readers are cautioned not to place undue reliance on the
forward-looking statements contained herein, which speak only as of the date
hereof. We believe the information contained in this Form 10-K to be accurate as
of the date hereof. Changes may occur after that date. We will not update that
information except as required by law in the normal course of its public
disclosure practices.

         Additionally, the following discussion regarding our financial
condition and results of operations should be read in conjunction with the
financial statements and related notes.

History

         Econometrics, Inc., (the "Company" or "Econometrics"), was originally
incorporated on June 25, 1986 in Colorado as Concelebratus, Inc. At the time of
formation the Company was authorized to issue 750,000,000 shares of no par value
common stock and 10,000,000 shares of $.10 par value blank check preferred
shares. On October 20, 1987, the Company changed its name to Crossroads
Investments, Inc.

         The Company went public in March, 1988 and began trading on the NASDAQ
over the counter market. The Company had no operations from 1989 through 1993,
when a new management team took over operations with a renewed interest in
pursuing potential business opportunities. In addition, the new management was
issued a control block of common stock in exchange for an investment of $10,000
into the Company. On December 2, 1993, the Company changed its name to Victory
Waste, Inc., however despite efforts of management; the Company was unable to
develop a successful business and remained largely inactive until 1997.

         On August 20, 1997, the Company consummated the acquisition of
Econometrics, Inc., an Illinois corporation, through a share exchange
transaction, and immediately began operating under the trade name
"Econometrics". The share exchange resulted in a change of the control and
business operations of the Company. On November 21, 1997, the Company dropped
the trade name and changed its corporate name to Econometrics, Inc. On March 22,
1999, the Company changed its name to Smartmarket.com, Inc. but on April 16,
1999 changed it back to Econometrics, Inc.


                                       1
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         From approximately 1991 to 2001 Econometrics (first as the Illinois
corporation and later as the Registrant) was an entrepreneurial consumer market
research firm based in Chicago with one of the largest national consumer
databases. The Company linked marketers to its database through the internet and
provided predictive modeling services using financial, behavioral, demographic
and lifestyle information. The Company's revenues during that time were
primarily generated through online information retrieval, analytical modeling,
list rentals, banner ads and e-mail services.

         By 1991, the Company was having financial difficulties. Ultimately the
business of Econometrics failed. In addition, in June, 2006, the State of
Colorado administratively dissolved Econometrics for not maintaining proper
filings with the state and not paying its franchise tax fees.

         Econometrics has not conducted any business operations since late 2001.

         Effective May 31, 2005, the Company approved and authorized a plan of
quasi reorganization and restatement of accounts to eliminate the accumulated
deficit and related capital accounts on the Company's balance sheet. The Company
concluded its period of reorganization after reaching a settlement agreement
with all of its significant creditors. The Company, as approved by its Board of
Directors, elected to state its May 31, 2005, balance sheet as a "quasi
reorganization", pursuant to ARB 43. These rules require the revaluation of all
assets and liabilities to their current values through a current charge to
earnings and the elimination of any deficit in retained earnings by charging
paid-in capital. From June 1, 2005 forward, the Company has recorded net income
(and net losses) to retained earnings and (and net losses) to retained earnings
and (accumulated deficit).

         On April 12, 2007, in its Court Order, the District Court Douglas
County, Colorado appointed Corporate Services International, Inc. custodian of
the registrant for the purposes of appointing new officers and directors. In
addition, the Order granted Corporate Services International, Inc. the full
authority to conduct the affairs of the Registrant as stated in C.R.S.A. ss.
7-114-303(3)(II)(b) which allows the Custodian to exercise all powers of the
Board of Directors and Officers. Mr. Michael Anthony is the sole officer,
director and shareholder of Corporate Services International.

         On or near April 16, 2007, Mr. Anthony filed the requisite documents,
including Amended and Restated Articles of Incorporation, with the State of
Colorado for the purposes of reinstating the corporate charter. The Amended and
Restated Articles of Incorporation maintained the current authorized common
stock of 750,000,000 shares, but changed the par value to $.001 and decreased
the blank check preferred stock to 5,000,000 shares, $.001 par value.

         On February 15, 2008 after proper notice to all shareholders, the
Company held an annual meeting for the purposes of the election of directors and
voting on a change of domicile from Colorado to Delaware. At the meeting,
Michael Anthony was elected the sole Director and the shareholders approved the
change of domicile from Colorado to Delaware. Immediately following the
shareholder meeting, Michael Anthony was appointed President, Secretary and
Treasurer.

         From April, 2007 through May 31, 2008 Corporate Services International
lent Econometrics $22,364.00 which funds were used to pay ongoing administrative
expenses, including but not limited to, outstanding transfer agent fees, state
reinstatement and filing fees and all costs associated with conducting the
shareholders meeting.


                                       2
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         On or near January 17, 2008, Corporate Services International agreed to
contribute $30,000 as paid in capital to Econometrics, the entire amount of
which was paid to Econometrics on May 7, 2008. This capital contribution is
separate from and in addition to the $22,364 lent to the Company by Corporate
Services International, Inc. Econometrics has used and shall continue to use
these funds to pay the costs and expenses necessary to revive the Company's
business and implement the Company's business plan. Such expenses include,
without limitation, fees to redomicile the Company to the state of Delaware;
payment of state filing fees; transfer agent fees; calling and holding a
shareholder's meeting; accounting and legal fees; and costs associated with
preparing and filing a Registration Statement on Form 10 and subsequent
quarterly and annual reports, etc.

         Moreover, Michael Anthony, as officer and director has agreed to assist
the Company in its efforts to salvage value for the benefit of its shareholders.
Mr. Anthony's efforts include and will continue to include, but are not limited
to, assistance in gathering information, retaining counsel and working with
counsel and the auditor for purposes of preparation of a Registration Statement
and corresponding audited financial statements and subsequent quarterly and
annual reports. Mr. Anthony and Econometrics do not have a written agreement.
Corporate Services International has also agreed to advise Econometrics as to
potential business combinations. The agreement between Econometrics and
Corporate Services International has not been reduced to writing.

         In consideration for the capital contribution, on or near January 17,
2008 Econometrics issued to Corporate Services International 200,000,000 shares
of its common stock (4,000,000 shares post May, 2008 reverse) representing
approximately 94.2% of its common stock outstanding on that date.

         Corporate Services International, Inc. is a private services
corporation for which Michael Anthony is the sole shareholder, officer and
director.

         On January 22, 2008, Econometrics, Inc. was incorporated in Delaware
for the purpose of merging with Econometrics, Inc. a Colorado Corporation so as
to effect a re-domicile to Delaware. The Delaware Corporation is authorized to
issue 750,000,000 shares of $.001 par value common stock and 5,000,000 shares of
$.001 par value preferred stock, representing the same share structure as the
Colorado corporation. On February 27, 2008 both Econometrics the Colorado
corporation and Econometrics the Delaware corporation signed and filed Articles
of Merger with their respective states, pursuant to which the Colorado
Corporation's shareholders received one share of new (Delaware) common stock for
every one share of old (Colorado) common stock they owned. All outstanding
shares of the Colorado Corporation's common stock were effectively purchased by
the new Delaware Corporation, effectively merging the Colorado Corporation into
the Delaware Corporation, and making the Delaware Corporation the surviving
entity.

         On or near March 7, 2008, the Company changed its transfer agent from
Standard Registrar & Transfer Agency to Columbia Stock Transfer.

         Effective May 16, 2008 the Company enacted a 1:50 reverse split of its
outstanding common stock and changed the authorized capital stock to 300,000,000
shares $.001 par value common stock and 10,000,000 shares of blank check
preferred stock $.001 par value.


                                       3
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Current Business Plan
---------------------

         Econometrics is a shell company in that it has no or nominal operations
and either no or nominal assets. At this time, Econometrics' purpose is to seek,
investigate and, if such investigation warrants, acquire an interest in business
opportunities presented to it by persons or firms who or which desire to seek
the perceived advantages of an Exchange Act registered corporation. The Company
will not restrict its search to any specific business, industry, or geographical
location and the Company may participate in a business venture of virtually any
kind or nature. This discussion of the proposed business is purposefully general
and is not meant to be restrictive of the Company's virtually unlimited
discretion to search for and enter into potential business opportunities.
Management anticipates that it may be able to participate in only one potential
business venture because the Company has nominal assets and limited financial
resources. This lack of diversification should be considered a substantial risk
to shareholders of the Company because it will not permit the Company to offset
potential losses from one venture against gains from another.

         Management has substantial flexibility in identifying and selecting a
prospective new business opportunity. Econometrics would not be obligated nor
does management intend to seek pre-approval by our shareholders.

         Econometrics may seek a business opportunity with entities which have
recently commenced operations, or which wish to utilize the public marketplace
in order to raise additional capital in order to expand into new products or
markets, to develop a new product or service, or for other corporate purposes.
Econometrics may acquire assets and establish wholly owned subsidiaries in
various businesses or acquire existing businesses as subsidiaries.

         Econometrics intends to promote itself privately. The Company has not
yet begun such promotional activities. The Company anticipates that the
selection of a business opportunity in which to participate will be complex and
risky. Due to general economic conditions, rapid technological advances being
made in some industries and shortages of available capital, management believes
that there are numerous firms seeking the perceived benefits of a publicly
registered corporation. Such perceived benefits may include facilitating or
improving the terms on which additional equity financing may be sought,
providing liquidity for incentive stock options or similar benefits to key
employees, providing liquidity (subject to restrictions of applicable statutes),
for all shareholders, and other factors. Potentially, available business
opportunities may occur in many different industries and at various stages of
development, all of which will make the task of comparative investigation and
analysis of such business opportunities difficult and complex.

         Econometrics has, and will continue to have, little or no capital with
which to provide the owners of business opportunities with any significant cash
or other assets. At year end May 31, 2007 Econometrics had a cash balance of $0
and at year end May 31, 2008 the cash balance was also $23,020. Management
believes the Company will be able to offer owners of acquisition candidates the
opportunity to acquire a controlling ownership interest in a publicly registered
company without incurring the cost and time required to conduct an initial
public offering. The owners of the business opportunities will, however, incur
significant legal and accounting costs in connection with the acquisition of a
business opportunity, including the costs of preparing Form 8K's, 10K's, 10Q's
and agreements and related reports and documents. The Securities Exchange Act of
1934 (the "34 Act"), specifically requires that any merger or acquisition
candidate comply with all applicable reporting requirements, which include


                                       4
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providing audited financial statements to be included within the numerous
filings relevant to complying with the `34 Act. Nevertheless, the officer and
director of Econometrics has not conducted market research and is not aware of
statistical data which would support the perceived benefits of a merger or
acquisition transaction for the owners of a business opportunity.

         The analysis of new business opportunities will be undertaken by, or
under the supervision of, the officer and director of the Company, or successor
management, with such outside assistance as he or they may deem appropriate. The
Company intends to concentrate on identifying preliminary prospective business
opportunities, which may be brought to its attention through present
associations of the Company's officer and director. In analyzing prospective
business opportunities, the Company will consider such matters as the available
technical, financial and managerial resources; working capital and other
financial requirements; history of operations, if any; prospects for the future;
nature of present and expected competition; the quality and experience of
management services which may be available and the depth of that management; the
potential for further research, development, or exploration; specific risk
factors not now foreseeable but which then may be anticipated to impact the
proposed activities of the Company; the potential for growth or expansion; the
potential for profit; the perceived public recognition or acceptance of
products, services, or trades; name identification; and other relevant factors.
The Company will not acquire or merge with any company for which audited
financial statements are not available.

         The foregoing criteria are not intended to be exhaustive and there may
be other criteria that the Company may deem relevant. In connection with an
evaluation of a prospective or potential business opportunity, management may be
expected to conduct a due diligence review.

         The Officer of Econometrics has some, but not extensive experience in
managing companies similar to the Company and shall mainly rely upon his own
efforts, in accomplishing the business purposes of the Company. The Company may
from time to time utilize outside consultants or advisors to effectuate its
business purposes described herein. No policies have been adopted regarding use
of such consultants or advisors, the criteria to be used in selecting such
consultants or advisors, the services to be provided, the term of service, or
regarding the total amount of fees that may be paid. However, because of the
limited resources of the Company, it is likely that any such fee the Company
agrees to pay would be paid in stock and not in cash.

         The Company will not restrict its search for any specific kind of
business, but may acquire a venture which is in its preliminary or development
stage, which is already in operation, or in essentially any stage of its
corporate life. It is impossible to predict at this time the status of any
business in which the Company may become engaged, in that such business may need
to seek additional capital, may desire to have its shares publicly traded, or
may seek other perceived advantages which the Company may offer.

         Econometrics does not intend to obtain funds in one or more private
placements to finance the operation of any acquired business opportunity until
such time as the Company has successfully consummated such a merger or
acquisition.

         The time and costs required to pursue new business opportunities, which
includes due diligence investigations, negotiating and documenting relevant
agreements and preparing requisite documents for filing pursuant to applicable
securities laws, cannot be ascertained with any degree of certainty.


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         Management intends to devote such time as it deems necessary to carry
out the Company's affairs. The exact length of time required for the pursuit of
any new potential business opportunities is uncertain. No assurance can be made
that we will be successful in our efforts. We cannot project the amount of time
that our management will actually devote to our plan of operation.

         Econometrics intends to conduct its activities so as to avoid being
classified as an "Investment Company" under the Investment Company Act of 1940,
and therefore avoid application of the costly and restrictive registration and
other provisions of the Investment Company Act of 1940 and the regulations
promulgated thereunder.

         Management has not identified and is not currently negotiating a new
business opportunity for us. As of July 14, 2008, Econometrics is not in
negotiations with, nor does it have any agreements with any potential merger
candidate or any transaction that could result in a change of control of the
Company.

Econometrics is a Blank Check Company
-------------------------------------

         At present, Econometrics is a development stage company with no
revenues and has no specific business plan or purpose. Econometrics' business
plan is to seek new business opportunities or to engage in a merger or
acquisition with an unidentified company. As a result, Econometrics is a blank
check company and any offerings of our securities would need to comply with Rule
419 under the Act. Econometrics has no current plans to engage in any such
offerings.

Econometrics' Common Stock is a Penny Stock
-------------------------------------------

         Econometrics' common stock is a "penny stock," as defined in Rule
3a51-1 under the Exchange Act. The penny stock rules require a broker-dealer,
prior to a transaction in a penny stock not otherwise exempt from the rules, to
deliver a standardized risk disclosure document that provides information about
penny stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
sales person in the transaction, and monthly account statements showing the
market value of each penny stock held in the customer's account. In addition,
the penny stock rules require that the broker-dealer, not otherwise exempt from
such rules, must make a special written determination that the penny stock is
suitable for the purchaser and receive the purchaser's written agreement to the
transaction. These disclosure rules have the effect of reducing the level of
trading activity in the secondary market for a stock that becomes subject to the
penny stock rules. So long as the common stock of Econometrics is subject to the
penny stock rules, it may be more difficult to sell our common stock.

Acquisition of Opportunities
----------------------------

         Management owns 4,000,020 shares (post split) or 94.26% of the total
issued and outstanding shares of Econometrics. As a result, management will have
substantial flexibility in identifying and selecting a prospective new business
opportunity. In implementing a structure for a particular business acquisition,
the Company may become a party to a merger, consolidation, reorganization, joint
venture, or licensing agreement with another corporation or entity. It may also
acquire stock or assets of an existing business. On the consummation of a
transaction, it is probable that the present management and shareholders of the
Company will no longer be in control of the Company. In addition, the Company's
directors may, as part of the terms of the acquisition transaction, resign and


                                       6
<PAGE>

be replaced by new directors without a vote of the Company's shareholders or may
sell their stock in the Company. Moreover, management may sell or otherwise
transfer his interest in the Company to new management who will then continue
the Company business plan of seeking new business opportunities. Any and all
such sales will only be made in compliance with the securities laws of the
United States and any applicable state.

         It is anticipated that any securities issued in any such reorganization
would be issued in reliance upon an exemption from registration under applicable
federal and state securities laws. In some circumstances, however, as a
negotiated element of its transaction, the Company may agree to register all or
a part of such securities immediately after the transaction is consummated or at
specified times thereafter. If such registration occurs, of which there can be
no assurance, it will be undertaken by the surviving entity after the Company
has successfully consummated a merger or acquisition.

         With respect to any merger or acquisition, negotiations with target
company management are expected to focus on the percentage of the Company which
the target company shareholders would acquire in exchange for all of their
shareholdings in the target company. Depending upon, among other things, the
target company's assets and liabilities, the Company's shareholders will in all
likelihood hold a substantially lesser percentage ownership interest in the
Company following any merger or acquisition. The percentage ownership may be
subject to significant reduction in the event the Company acquires a target
company with substantial assets. Any merger or acquisition effected by the
Company can be expected to have a significant dilutive effect on the percentage
of shares held by the Company's then shareholders.

         Econometrics will participate in a business opportunity only after the
negotiation and execution of appropriate written agreements. Although the terms
of such agreements cannot be predicted, generally such agreements will require
some specific representations and warranties by all of the parties thereto, will
specify certain events of default, will detail the terms of closing and the
conditions which must be satisfied by each of the parties prior to and after
such closing, will outline the manner of bearing costs, including costs
associated with the Company's attorneys and accountants, will set forth remedies
on default and will include miscellaneous other terms.

         Econometrics does not intend to provide its security holders with any
complete disclosure documents, including audited financial statements,
concerning an acquisition or merger candidate and its business prior to the
consummation of any acquisition or merger transaction.

         Econometrics has not expended funds on and has no plans to expend funds
or time on product research or development.

Competition
-----------

         Econometrics will remain an insignificant participant among the firms
which engage in the acquisition of business opportunities. There are many
established venture capital and financial concerns which have significantly
greater financial and personnel resources and technical expertise than the
Company. In view of Econometrics' combined extremely limited financial resources
and limited management availability, the Company will continue to be at a
significant competitive disadvantage compared to the Company's competitors


                                       7
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Employees
---------

         Econometrics currently has no employees. The business of the Company
will be managed by its sole officer and director and such officers or directors
which may join the Company in the future, and who may become employees of the
Company. The Company does not anticipate a need to engage any fulltime employees
at this time.


ITEM 1A:  RISK FACTORS

FORWARD-LOOKING STATEMENTS

         This annual report on Form 10-K contains forward-looking statements
that are based on current expectations, estimates, forecasts and projections
about us, our future performance, the market in which we operate, our beliefs
and our management's assumptions. In addition, other written or oral statements
that constitute forward-looking statements may be made by us or on our behalf.
Words such as "expects", "anticipates", "targets", "goals", "projects",
"intends", "plans", "believes", "seeks", "estimates", variations of such words
and similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future performance and
involve certain risks, uncertainties and assumptions that are difficult to
predict or assess. Therefore, actual outcomes and results may differ materially
from what is expressed or forecast in such forward-looking statements.

DEPENDENCE ON KEY PERSONNEL

         Econometrics is dependent upon the continued services of its sole
officer and director, Michael Anthony. To the extent that his services become
unavailable, Econometrics will be required to obtain other qualified personnel
and there can be no assurance that it will be able to recruit and hire qualified
persons upon acceptable terms.

LIMITED RESOURCES; NO PRESENT SOURCE OF REVENUES.

         At present, our business activities are limited to seeking potential
business opportunities. Due to our limited financial and personnel resources,
there is only a limited basis upon which to evaluate our prospects for achieving
our intended business objectives. We have only limited resources and have no
operating income, revenues or cash flow from operations. Our management is
providing us with funding, on an as needed basis, necessary for us to continue
our corporate existence and our business objective to seek new business
opportunities, as well as funding the costs, including professional accounting
fees, of registering our securities under the Exchange Act and continuing to be
a reporting company under the Exchange Act. We have no written agreement with
our management to provide any interim financing for any period. In addition, we
will not generate any revenues unless and until we enter into a new business, of
which there can be no assurance. As of May 31, 2007 and February 29, 2008 we had
no cash, however as of May 6, 2008 we had cash of $30,000.

BROAD DISCRETION OF MANAGEMENT

         Any person who invests in our securities will do so without an
opportunity to evaluate the specific merits or risks of any potential new
prospective business in which we may engage. As a result, investors will be
entirely dependent on the broad discretion and judgment of management in
connection with the selection of a prospective business. There can be no
assurance that determinations made by our management will permit us to achieve
our business objectives.


                                       8
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ABSENCE OF SUBSTANTIVE DISCLOSURE RELATING TO PROSPECTIVE BUSINESS

         As of the date of this annual report, we have not yet identified any
prospective business or industry in which we may seek to become involved and at
present we have no information concerning any prospective business. There can be
no assurance that any prospective business opportunity will benefit shareholders
or prove to be more favorable to shareholders than any other investment that may
be made by shareholders and investors.

THERE IS NO ACTIVE MARKET FOR OUR COMMON STOCK AND NONE MAY DEVELOP OR BE
SUSTAINED

         Econometrics' common stock has been subject to quotation on the pink
sheets. There is not currently an active trading market in the Company's shares
nor do we believe that any active trading market has existed for the last 2
years. There can be no assurance that there will be an active trading market for
our securities following the effective date of our Registration Statement and
this annual report. In the event that an active trading market commences, there
can be no assurance as to the market price of our shares of common stock,
whether any trading market will provide liquidity to investors, or whether any
trading market will be sustained.

UNSPECIFIED INDUSTRY FOR NEW PROSPECTIVE BUSINESS OPPORTUNITIES; UNASCERTAINABLE
RISKS

         There is no basis for shareholders to evaluate the possible merits or
risks of potential new business opportunities or the particular industry in
which we may ultimately operate. To the extent that we effect a business
combination with a financially unstable entity or an entity that is in its early
stage of development or growth, including entities without established records
of revenues or income, we will become subject to numerous risks inherent in the
business and operations of that financially unstable company. In addition, to
the extent that we effect a business combination with an entity in an industry
characterized by a high degree of risk, we will become subject to the currently
unascertainable risks of that industry. A high level of risk frequently
characterizes certain industries that experience rapid growth. Although
management will endeavor to evaluate the risks inherent in a particular new
prospective business or industry, there can be no assurance that we will
properly ascertain or assess all such risks or that subsequent events may not
alter the risks that we perceive at the time of the consummation of any new
business opportunity.

CONFLICTS OF INTEREST

         Our management is not required to nor will he commit his full time to
our affairs. As a result, pursuing new business opportunities may require a
greater period of time than if he would devote his full time to our affairs.
Management is not precluded from serving as an officer or director of any other
entity that is engaged in business activities similar to those of Econometrics.

         Management may have conflicts of interest in determining to which
entity a particular business opportunity should be presented. In general,
officers and directors of a Delaware corporation are required to present certain
business opportunities to a corporation for which they serve as an officer of
director. In the event that our management has multiple business affiliations,
he may have similar legal obligations to present certain business opportunities


                                       9
<PAGE>

to multiple entities. In the event that a conflict of interest shall arise,
management will consider factors such as reporting status, availability of
audited financial statements, current capitalization and the laws of
jurisdictions. If several business opportunities or operating entities approach
management with respect to a business combination, management will consider the
foregoing factors as well as the preferences of the management of the operating
company. However, management will act in what he believes will be in the best
interests of the shareholders of Econometrics and other respective public
companies. Econometrics shall not enter into a transaction with a target
business that is affiliated with management.

COMPETITION

         Econometrics expects to encounter intense competition from other
entities seeking to pursue new business opportunities. Many of these entities
are well-established and have extensive experience in identifying new
prospective business opportunities. Many of these competitors possess greater
financial, technical, human and other resources than we do and there can be no
assurance that we will have the ability to compete successfully. Based upon our
limited financial and personnel resources, we may lack the resources as compared
to those of many of our potential competitors.

ADDITIONAL FINANCING REQUIREMENTS

         Econometrics has no revenues and is dependent upon the willingness of
management and management controlled entities to fund the costs associated with
the reporting obligations under the Exchange Act, and other administrative costs
associated with our corporate existence. As of May 31, 2008, Econometrics had
incurred $64,342 for general and administrative expenses including accounting
fees, reinstatement fees, and other professional fees related to the preparation
and filing of the registration statement on Form 10 and this annual report on
Form 10-K. In addition, as of May 31, 2008 Econometrics had current liabilities
of $37,887, however, $32,364 of these liabilities are due to related parties. We
may not generate any revenues unless and until the commencement of new business
operations. We believe that management will continue to provide sufficient funds
to pay accounting and professional fees and other expenses to fulfill our
reporting obligations under the Exchange Act until we commence business
operations. Through the date of this annual report management related parties
have made a capital investment of $30,000 into the Company and as of May 31,
2008 have loaned the Company an additional $22,364 for ongoing expenses. In the
event that our available funds from our management and affiliates prove to be
insufficient, we will be required to seek additional financing. Our failure to
secure additional financing could have a material adverse affect on our ability
to pay the accounting and other fees in order to continue to fulfill our
reporting obligations and pursue our business plan. We do not have any
arrangements with any bank or financial institution to secure additional
financing and there can be no assurance that any such arrangement would be
available on terms acceptable and in our best interests. We do not have any
written agreement with our affiliates to provide funds for our operating
expenses.

STATE BLUE SKY REGISTRATION; POTENTIAL LIMITATIONS ON RESALE OF THE SECURITIES

         The holders of our shares of common stock and those persons, who desire
to purchase our stock in any trading market that might develop, should be aware
that there may be state blue-sky law restrictions upon the ability of investors
to resell our securities. Accordingly, investors should consider the secondary
market for Econometrics' securities to be a limited one.


                                       10
<PAGE>

         It is the present intention of Econometrics' management, after the
commencement of new business operations, to seek coverage and publication of
information regarding our Company in an accepted publication manual which
permits a manual exemption. The manual exemption permits a security to be
distributed in a particular state without being registered if the Company
issuing the security has a listing for that security in a securities manual
recognized by the state. However, it is not enough for the security to be listed
in a recognized manual. The listing entry must contain (1) the names of issuer's
officers, and directors, (2) an issuer's balance sheet, and (3) a profit and
loss statement for either the fiscal year preceding the balance sheet or for the
most recent fiscal year of operations. Furthermore, the manual exemption is a
non-issuer exemption restricted to secondary trading transactions, making it
unavailable for issuers selling newly issued securities.

         Most of the accepted manuals are those published in Standard and
Poor's, Moody's Investor Service, Fitch's Investment Service, and Best's
Insurance Reports, and many states expressly recognize these manuals. A smaller
number of states declare that they "recognize securities manuals" but do not
specify the recognized manuals. The following states do not have any provisions
and therefore do not expressly recognize the manual exemption: Alabama, Georgia,
Illinois, Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont and
Wisconsin.

DIVIDENDS UNLIKELY

         We do not expect to pay dividends for the foreseeable future because we
have no revenues. The payment of dividends will be contingent upon our future
revenues and earnings, if any, capital requirements and overall financial
condition. The payment of any future dividends will be within the discretion of
our board of directors. It is our expectation that after the commencement of new
business operations that future management will determine to retain any earnings
for use in business operations and accordingly, we do not anticipate declaring
any dividends in the foreseeable future.

POSSIBLE ISSUANCE OF ADDITIONAL SECURITIES

         Our Articles of Incorporation, as amended, authorize the issuance of
300,000,000 shares of common stock, par value $0.001. As of July 14, 2008, we
have 4,243,318 shares issued and outstanding. We may be expected to issue
additional shares in connection with our pursuit of new business opportunities
and new business operations. To the extent that additional shares of common
stock are issued, our shareholders would experience dilution of their respective
ownership interests. If we issue shares of common stock in connection with our
intent to pursue new business opportunities, a change in control of our Company
may be expected to occur. The issuance of additional shares of common stock may
adversely affect the market price of our common stock, in the event that an
active trading market commences.

COMPLIANCE WITH PENNY STOCK RULES

         Our securities will be considered a "penny stock" as defined in the
Exchange Act and the rules thereunder, unless the price of our shares of common
stock is at least $5.00. We expect that our share price will be less than $5.00.
Unless our common stock is otherwise excluded from the definition of "penny
stock", the penny stock rules apply. The penny stock rules require a
broker-dealer, prior to a transaction in a penny stock not otherwise exempt from
the rules, to deliver a standardized risk disclosure document that provides
information about penny stocks and the nature and level of risks in the penny
stock market. The broker-dealer also must provide the customer with current bid


                                       11
<PAGE>

and offer quotations for the penny stock, the compensation of the broker-dealer
and its sales person in the transaction, and monthly account statements showing
the market value of each penny stock held in the customer's account. In
addition, the penny stock rules require that the broker-dealer, not otherwise
exempt from such rules, must make a special written determination that the penny
stock is suitable for the purchaser and receive the purchaser's written
agreement to the transaction. These disclosure rules have the effect of reducing
the level of trading activity in the secondary market for a stock that becomes
subject to the penny stock rules. So long as the common stock is subject to the
penny stock rules, it may become more difficult to sell such securities. Such
requirements could limit the level of trading activity for our common stock and
could make it more difficult for investors to sell our common stock.

GENERAL ECONOMIC RISKS

         Econometrics' current and future business plans are dependent, in large
part, on the state of the general economy. Adverse changes in economic
conditions may adversely affect our plan of operation.


ITEM 2.  PROPERTIES

        Econometrics shares office space with its officer and director at 330
Clematis Street, Suite 217, West Palm Beach, Florida 33401. The Company does not
have a lease and the Company pays no rent for the leased space. The Company does
not own any properties nor does it lease any other properties. The Company does
not believe it will need to maintain an office at any time in the foreseeable
future in order to carry out its plan of operations as described herein.


ITEM 3.  LEGAL PROCEEDINGS

         On April 12, 2007, in its Court Order, the District Court Douglas
County, Colorado appointed Corporate Services International, Inc. custodian of
the registrant for the purposes of appointing new officers and directors. In
addition, the Order granted Corporate Services International, Inc. the full
authority to conduct the affairs of the Registrant as stated in C.R.S.A. ss.
7-114-303(3)(II)(b) which allows the Custodian to exercise all powers of the
Board of Directors and Officers. Mr. Michael Anthony is the sole officer,
director and shareholder of Corporate Services International.

         Econometrics' officers and directors are not aware of any threatened or
pending litigation to which the Company is a party or which any of its property
is the subject and which would have any material, adverse effect on the Company.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         On February 15, 2008 after proper notice to all shareholders, the
Company held an annual meeting for the purposes of the election of directors and
voting on a change of domicile from Colorado to Delaware. At the meeting,
Michael Anthony was elected the sole Director and the shareholders approved the
change of domicile from Colorado to Delaware. Immediately following the
shareholder meeting, Michael Anthony was appointed President, Secretary and
Treasurer. The total votes, in pre-split numbers in favor of Mr. Anthony's
election and a change of domicile to Delaware were 200,961,136; those against
were 0; and those abstaining were 11,201,687.


                                       12
<PAGE>

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY; RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES

         The Company's common stock is traded on the "Pink Sheets" under the
symbol "EOMI". Such trading of our common stock is limited and sporadic. To the
best knowledge of the Company, there has been no active trading activity for
approximately the past two years.

         According to records of the Company's transfer agent, the Company had
approximately 148 holders of Common Stock of record as of July 14, 2008. This
number does not include an indeterminate number of shareholders whose shares are
held by brokers in street name. The following table sets forth the high and the
low sale prices of the Company's equity securities during the fiscal quarters in
the years ended May 31, 2008 and 2007. The quotations below reflect inter-dealer
prices, without retail mark-up, mark-down or commission and may not represent
actual transactions:

      2008                                                      HIGH       LOW
         First Quarter....................................... $ 10.00    $ 0.005
         Second Quarter...................................... $ 7.00     $ 5.00
         Third Quarter....................................... $ 10.00    $ 0.005
         Fourth Quarter...................................... $ 25.00    $ 0.00

      2007
         First Quarter....................................... $ 7.00     $ 1.00
         Second Quarter...................................... $ 13.00    $ 1.00
         Third Quarter....................................... $ 2.00     $ 0.010
         Fourth Quarter...................................... $ 3.00     $ 0.010

         At the time of filing of this Form 10-K, there is no common stock that
is subject to outstanding options or warrants to purchase or securities
convertible into, common equity of the Company.

         It is the position of the Securities and Exchange Commission, in a No
Action Letter to OTC Compliance at the NASD, dated January 21, 2000, that Rule
144 is not available for resale transactions involving securities sold by
promoters and affiliates of a blank check company, and their transferees, and
anyone else who has been issued securities from a blank check company, and that
securities issued by a blank check company to promoters and affiliates, and
their transferees, can only be resold through registration under the Act.
Promoters and affiliates of a blank check company will be considered
underwriters under the Securities Act when reselling the securities of a blank
check company. At present, the Company is a development stage company with no
revenues and has no specific business plan or purpose. The Company's business
plan is to seek new business opportunities or to engage in a merger or
acquisition with an unidentified company. As a result, the Company is a blank
check company.


                                       13
<PAGE>

         Effective February 15, 2008, the Securities and Exchange Commission
codified this position in new Rule 144(i). Rule 144(i) provides that the safe
harbor found in Rule 144 is not available for the resale of securities initially
issued by an issuer that has no or nominal operations and no or nominal assets
or assets consisting solely of cash or cash equivalents or any amount of assets
consisting of cash or cash equivalents and nominal other assets. In accordance
with Rule 144(i), Rule 144 is not available for the re-sale of our securities
initially issued while we were a shell company.

         At the time of filing of this annual report, there are approximately
243,318 shares of common stock that have been held in access of one year and
could be sold pursuant to Rule 144(b) without restriction.

         The ability of individual shareholders to trade their shares in a
particular state may be subject to various rules and regulations of that state.
A number of states require that an issuer's securities be registered in their
state or appropriately exempted from registration before the securities are
permitted to trade in that state.

         Econometrics is not and is not proposing to publicly offer any
securities at this time.

         From time-to-time the Company may grant options or warrants, or promise
registration rights to certain shareholders. The Company has no control over the
number of shares of its common stock that its shareholders sell. The price of
the Company's stock may be adversely affected if large amounts are sold in a
short period.

         The Company's shares most likely will be subject to the provisions of
Section 15(g) and Rule 15g-9 of the Exchange Act, commonly referred to as the
"penny stock" rule. Section 15(g) sets forth certain requirements for
transactions in penny stocks and Rule 15g-9(d)(1) incorporates the definition of
penny stock as that term is used in Rule 3a51-1 of the Exchange Act.

         The SEC generally defines penny stock to be any equity security that
has a market price less than $5.00 per share, subject to certain exceptions.
Rule 3a51-1 provides that any equity security is considered to be a penny stock
unless that security is: registered and traded on a national securities exchange
meeting specified criteria set by the SEC; authorized for quotation on The
NASDAQ Stock Market; issued by a registered investment company; excluded from
the definition on the basis of price (at least $5.00 per share) or the issuer's
net tangible assets; or exempted from the definition by the SEC. Broker-dealers
who sell penny stocks to persons other than established customers and accredited
investors (generally persons with assets in excess of $1,000,000 or annual
income exceeding $200,000, or $300,000 together with their spouse), are subject
to additional sales practice requirements.

         For transactions covered by these rules, broker-dealers must make a
special suitability determination for the purchase of such securities and must
have received the purchaser's written consent to the transaction prior to the
purchase. Additionally, for any transaction involving a penny stock, unless
exempt, the rules require the delivery, prior to the first transaction, of a
risk disclosure document relating to the penny stock market. A broker-dealer
also must disclose the commissions payable to both the broker-dealer and the
registered representative, and current quotations for the securities. Finally,
monthly statements must be sent to clients disclosing recent price information


                                       14
<PAGE>

for the penny stocks held in the account and information on the limited market
in penny stocks. Consequently, these rules may restrict the ability of
broker-dealers to trade and/or maintain a market in our common stock and may
affect the ability of shareholders to sell their shares.

Dividends

         The Company has not declared any dividends since inception and does not
anticipate paying any dividends in the foreseeable future. The payment of
dividends is within the discretion of the Board of Directors and will depend on
the Company's earnings, capital requirements, financial condition, and other
relevant factors. There are no restrictions that currently limit the Company's
ability to pay dividends on its Common Stock other than those generally imposed
by applicable state law.

Equity Compensation Plans

         We have no equity compensation plans.

Recent Sales of Unregistered Securities

         The following is a list of unregistered securities sold by the Company
within the last three years including the date sold, the title of the
securities, the amount sold, the identity of the person who purchased the
securities, the price or other consideration paid for the securities, and the
section of the Securities Act of 1933 under which the sale was exempt from
registration as well as the factual basis for claiming such exemption.

         On January 17, 2008, Corporate Services International agreed to
contribute $30,000 as paid in capital to Econometrics, the entire amount of
which was paid to Econometrics on May 6, 2008. In consideration for the agreed
upon capital contribution Econometrics issued to Corporate Services
International 200,000,000 (4,000,000 post split) shares of its common stock
representing approximately 94.2% of its common stock outstanding on that date.

         The Company believes that the issuance and sale of the restricted
shares was exempt from registration pursuant to Section 4(2) of the Act as
privately negotiated, isolated, non-recurring transactions not involving any
public solicitation. An appropriate restrictive legend is affixed to the stock
certificates issued in such transactions.


ITEM 6. SELECTED FINANCIAL DATA

         This Item is not applicable to Econometrics as it is a smaller
reporting company.


ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

         The following presentation of management's discussion and analysis of
the Company's financial condition and results of operations should be read in
conjunction with the Company's consolidated financial statements, the
accompanying notes thereto and other financial information appearing elsewhere
in this report. This section and other parts of this report contain
forward-looking statements that involve risks and uncertainties. The Company's
actual results may differ significantly from the results discussed in the
forward-looking statements.


                                       15
<PAGE>

OVERVIEW

         Effective May 31, 2005, the Company approved and authorized a plan of
quasi reorganization and restatement of accounts to eliminate the accumulated
deficit and related capital accounts on the Company's balance sheet. The Company
concluded its period of reorganization after reaching a settlement agreement
with all of its significant creditors. The Company, as approved by its Board of
Directors, elected to state its May 31, 2005, balance sheet as a "quasi
reorganization", pursuant to ARB 43. These rules require the revaluation of all
assets and liabilities to their current values through a current charge to
earnings and the elimination of any deficit in retained earnings by charging
paid-in capital. From June 1, 2005 forward, the Company has recorded net income
(and net losses) to retained earnings and (and net losses) to retained earnings
and (accumulated deficit).

         Our current activities are related to seeking new business
opportunities. We will use our limited personnel and financial resources in
connection with such activities. It may be expected that pursuing a new business
opportunity will involve the issuance of restricted shares of common stock. At
May 31, 2008 and 2007, we had $23,020 and $0 respectively. At May 31, 2007 the
Company had current liabilities of $4,525 and as of May 31, 2008 we had current
liabilities of $37,887, of which $32,364 are owed to related parties.

         We have had no revenues in either the year end May 31, 2008 or 2007.
Our operating expenses for the year end May 31, 2007 were $25 and for the year
end May 31, 2008 were $64,342, comprised of general and administrative expenses.
Accordingly, we had a net loss of $25 and a net loss per share of $Nil for the
year end May 31, 2007 and a net loss of $64,342 and a net loss per share of $.04
for the year end May 31, 2008.

CONTINUING OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES

         From April 2007 through May 31, 2008, management loaned the Company a
total of $22,364 to pay for ongoing general and administrative expenses. In
addition, on May 6, 2008, we received $30,000 through the sale of a total of
200,000,000 restricted shares (4,000,000 post reverse) to Corporate Services
International an entity owned and controlled by our officer and director,
Michael Anthony. While we are dependent upon interim funding provided by
management to pay professional fees and expenses, we have no written finance
agreement with management to provide any continued funding. As of May 31, 2007
the Company had current liabilities of $4,525 and as of May 31, 2008 the Company
had current liabilities of $37,887, of which $32,364 are due to related parties.
Although we believe management will continue to fund the Company on an as needed
basis, we do not have a written agreement requiring such funding. In addition,
future management funding, will more than likely be in the form of loans, for
which the Company will be liable to pay back.

         Through the date of this annual report management related parties have
made a capital investment of $30,000 into the Company and have loaned the
Company an additional $22,364 for ongoing expenses.

         Management provided, without cost to the Company, his services, valued
at $1,800 per month through May 31, 2008, which totaled $21,600 for the
twelve-month period then ended. Management also provided, without cost to the
Company, office space valued at $200 per month, which totaled $2,400 for the
twelve-month period ended May 31, 2008. The total of these expenses was $24,000
and was reflected in the statement of operations as general and administrative
expenses with a corresponding contribution of paid-in capital. The company was
inactive in 2007.


                                       16
<PAGE>

         The Board of Directors of the Company has determined that the best
course of action for the Company is to complete a business combination with an
existing business. The Company has limited liquidity or capital resources. As of
May 31, 2007 and May 31, 2008, the Company had a cash balance of $0 and $23,020
respectively. In the event that the Company cannot complete a merger or
acquisition and cannot obtain capital needs for ongoing expenses, including
expenses related to maintaining compliance with the securities laws and filing
requirements of the Securities Exchange Act of 1934, the Company could be forced
to cease operations.

         Econometrics currently plans to satisfy its cash requirements for the
next 12 months though it's current cash and by borrowing from its officer and
director or companies affiliated with its officer and director and believes it
can satisfy its cash requirements so long as it is able to obtain financing from
these affiliated entities. Econometrics currently expects that money borrowed
will be used during the next 12 months to satisfy the Company's operating costs,
professional fees and for general corporate purposes. The Company may explore
alternative financing sources, although it currently has not done so.

         Econometrics will use its limited personnel and financial resources in
connection with seeking new business opportunities, including seeking an
acquisition or merger with an operating company. It may be expected that
entering into a new business opportunity or business combination will involve
the issuance of a substantial number of restricted shares of common stock. If
such additional restricted shares of common stock are issued, the shareholders
will experience a dilution in their ownership interest in the Company. If a
substantial number of restricted shares are issued in connection with a business
combination, a change in control may be expected to occur.

         In connection with the plan to seek new business opportunities and/or
effecting a business combination, the Company may determine to seek to raise
funds from the sale of restricted stock or debt securities. The Company has no
agreements to issue any debt or equity securities and cannot predict whether
equity or debt financing will become available at acceptable terms, if at all.

         There are no limitations in the certificate of incorporation on the
Company's ability to borrow funds or raise funds through the issuance of
restricted common stock to effect a business combination. The Company's limited
resources and lack of recent operating history may make it difficult to borrow
funds or raise capital. Such inability to borrow funds or raise funds through
the issuance of restricted common stock required to effect or facilitate a
business combination may have a material adverse effect on the Company's
financial condition and future prospects, including the ability to complete a
business combination. To the extent that debt financing ultimately proves to be
available, any borrowing will subject the Company to various risks traditionally
associated with indebtedness, including the risks of interest rate fluctuations
and insufficiency of cash flow to pay principal and interest, including debt of
an acquired business.

         The Company currently has no plans to conduct any research and
development or to purchase or sell any significant equipment. The Company does
not expect to hire any employees during the next 12 months.

OFF BALANCE SHEET ARRANGEMENTS

         None.


                                       17
<PAGE>

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

                                MICHAEL F. CRONIN
                           CERTIFIED PUBLIC ACCOUNTANT
                                ORLANDO, FL 32708



Board of Directors and Shareholders
Econometrics, Inc.
West Palm Beach, Florida


I have audited the accompanying balance sheets of Econometrics, Inc. as of May
31, 2008 and 2007 and the related statements of operations, stockholders'
deficiency and cash flows for the years then ended. The financial statements are
the responsibility of the directors. My responsibility is to express an opinion
on these financial statements based on my audits.

I conducted my audits in accordance with the standards of the Public Company
Accounting Oversight Board (UNITED STATES). Those standards require that I plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The company is not
required to have, nor was I engaged to perform, an audit of its internal control
over financial reporting. My audit included consideration of internal control
over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, I express no such opinion. 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 audits provide 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 Econometrics, Inc. as of May 31,
2008 and 2007 and the results of its operations, its cash flows and changes in
stockholders' deficiency for the years then ended in conformity with accounting
principles generally accepted in the United States.

Discussed in the notes and effective January 1, 2006, the Company adopted the
provisions of Statement of Financial Accounting Standards No. 123 (Revised
2004), SHARE-BASED PAYMENT. Also discussed in the notes and effective May 31,
2005, the Company executed a plan of quasi-reorganization and restatement of
accounts.



July 11, 2008


/s/ Michael F. Cronin
---------------------------
Michael F. Cronin
Certified Public Accountant


                                      F-1
<PAGE>

<TABLE>
<S>     <C>
                                          Econometrics, Inc.
                                             Balance Sheet


                                                                                       MAY 31,
------------------------------------------------------------------------------------------------------
                                                                                  2008          2007
------------------------------------------------------------------------------------------------------


                                  ASSETS
Current assets
Cash                                                                            $ 23,020      $      0
Prepaid expenses                                                                       0             0
                                                                                ----------------------
  Total current assets                                                            23,020             0

------------------------------------------------------------------------------------------------------
Total Assets                                                                    $ 23,020      $      0
------------------------------------------------------------------------------------------------------

                 LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current liabilities:
Accounts payable-trade                                                          $  5,523      $  4,500
Accrued expenses                                                                       0             0
Due to related parties                                                            32,364            25
                                                                                ----------------------
 Total current liabilities                                                        37,887         4,525

Stockholders' Deficiency:
Common stock-300,000,000 authorized $0.001 par value
4,243,318 issued & outstanding (243,318 in 2007)                                   4,243           243
Additional paid-in capital                                                        50,000             0
Accumulated Deficit (since quasi-reorganization June 1, 2005)                    (69,110)       (4,768)
                                                                                ----------------------
Total Stockholders' Deficiency                                                   (14,867)       (4,525)

------------------------------------------------------------------------------------------------------
Total Liabilities & Stockholders' Deficiency                                    $ 23,020      $      0
------------------------------------------------------------------------------------------------------

See Summary of Significant Accounting Policies and Notes to Financial Statements.

                                                 F-2
<PAGE>

                                     Econometrics, Inc.
                                  Statement of Operations


                                                                       YEARS ENDED
-------------------------------------------------------------------------------------------
                                                               MAY 31, 2008    MAY 31, 2007
-------------------------------------------------------------------------------------------


Revenue                                                        $         0      $         0

Costs & Expenses:
  General & administrative                                          64,342               25
  Interest                                                               0                0
                                                               ----------------------------
  Total Costs & Expenses                                            64,342               25

Loss from continuing operations before income taxes                (64,342)             (25)

Income taxes                                                             0                0

-------------------------------------------------------------------------------------------
Net Loss                                                       ($   64,342)     ($       25)
-------------------------------------------------------------------------------------------

Basic and diluted per share amounts:
Continuing operations                                          ($     0.04)     Nil
-------------------------------------------------------------------------------------------
Basic and diluted net loss                                     ($     0.04)     Nil
-------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------
Weighted average shares outstanding (basic & diluted)            1,718,728          243,318
-------------------------------------------------------------------------------------------

See Summary of Significant Accounting Policies and Notes to Financial Statements.

                                            F-3
<PAGE>

                                       Econometrics, Inc.
                                    Statement of Cash Flows


                                                                           YEARS ENDED
-----------------------------------------------------------------------------------------------
                                                                  MAY 31, 2008     MAY 31, 2007
-----------------------------------------------------------------------------------------------

Cash flows from operating activities:
Net Loss                                                         ($    64,342)     ($        25)
Adjustments required to reconcile net loss
      to cash used in operating activities:
Fair value of services provided by related parties                     34,000                 0
Expenses paid by related parties                                       17,839                25
Payables paid by related parties                                        4,500                 0
Increase (decrease) in accounts payable & accrued expenses              1,023                 0
-----------------------------------------------------------------------------------------------
 Cash used by operating activities:                                    (6,980)                0
-----------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------
  Cash used in investing activities                                         0                 0
-----------------------------------------------------------------------------------------------

Cash flows from financing activities:
Proceeds from issuance of common stock                                 30,000                 0
-----------------------------------------------------------------------------------------------
  Cash generated by financing activities                               30,000                 0
-----------------------------------------------------------------------------------------------

Change in cash                                                         23,020                 0
Cash-beginning of period                                                    0                 0
-----------------------------------------------------------------------------------------------
Cash-end of period                                               $     23,020      $          0
-----------------------------------------------------------------------------------------------

See Summary of Significant Accounting Policies and Notes to Financial Statements.

                                              F-4
<PAGE>

                                                   Econometrics, Inc.
                                         Statement of Stockholders' Deficiency


                                                                             Common Stock
                                                               ----------------------------------------
                                                                                                             Deficit
                                                                                                           Accumulated
                                                                                             Additional    since quasi-
                                                                                   Common     paid-in     reorganization
                                                                Shares             Stock      capital      June 1, 2005
-----------------------------------------------------------------------------------------------------------------------
Balance at May 31, 2006-(restated to reflect 1:50
reverse stock split effective May 16, 2008)                      243,318             243     $        0     ($   4,743)
-----------------------------------------------------------------------------------------------------------------------
Net Loss                                                                                                           (25)
-----------------------------------------------------------------------------------------------------------------------
Balance at May 31, 2007                                          243,318             243     $        0     ($   4,768)
-----------------------------------------------------------------------------------------------------------------------
Stock issued for cash                                          4,000,000           4,000         26,000
Fair value of services provided by related party                                                 24,000
Net Loss                                                                                                       (64,342)
-----------------------------------------------------------------------------------------------------------------------
Balance at May 31, 2008                                        4,243,318           4,243     $   50,000     ($  69,110)
-----------------------------------------------------------------------------------------------------------------------

See Summary of Significant Accounting Policies and Notes to Financial Statements.

                                                          F-5
</TABLE>
<PAGE>

                               ECONOMETRICS, INC.
                                 BACKGROUND AND
                         SIGNIFICANT ACCOUNTING POLICIES
                                  May 31, 2008

THE COMPANY

ORGANIZATIONAL BACKGROUND: Econometrics, Inc., (the "Company" or
"Econometrics"), was originally incorporated on June 25, 1986 in Colorado as
Concelebratus, Inc. On August 20, 1997, the Company consummated the acquisition
of Econometrics, Inc., an Illinois corporation, through a share exchange
transaction, and immediately began operating under the trade name
"Econometrics". Econometrics has not conducted any business operations since
late 2001. On April 16, 2007, the Colorado charter was reinstated. On February
27, 2008 the company was re-domiciled to Delaware.

DISTRICT COURT DOUGLAS COUNTY, COLORADO PROCEEDINGS: On April 12, 2007, (as
amended on July 30, 2007) in its Court Order, the District Court Douglas County,
Colorado appointed Corporate Services International, Inc. (CSII) custodian of
the registrant for the purposes of appointing new officers and directors. In
addition, the Order granted Corporate Services International, Inc. the full
authority to conduct the affairs of the Registrant as stated in C.R.S.A. ss.
7-114-303(3)(II)(b) which allows the Custodian to exercise all powers of the
Board of Directors and Officers. Mr. Michael Anthony is the sole officer,
director and shareholder of Corporate Services International.

BASIS OF PRESENTATION: Effective May 31, 2005, the Company approved and
authorized a plan of quasi reorganization and restatement of accounts to
eliminate the accumulated deficit and related capital accounts on the Company's
balance sheet. The Company concluded its period of reorganization after reaching
a settlement agreement with all of its significant creditors. The Company, as
approved by its Board of Directors, elected to state its May 31, 2005, balance
sheet as a "quasi reorganization", pursuant to ARB 43. These rules require the
revaluation of all assets and liabilities to their current values through a
current charge to earnings and the elimination of any deficit in retained
earnings by charging paid-in capital. From June 1, 2005 forward, the Company has
recorded net income (and net losses) to retained earnings and (and net losses)
to retained earnings and (accumulated deficit).

SIGNIFICANT ACCOUNTING POLICIES

USE OF ESTIMATES The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statement and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from the estimates.

CASH AND CASH EQUIVALENTS: For financial statement presentation purposes, the
Company considers those short-term, highly liquid investments with original
maturities of three months or less to be cash or cash equivalents.

PROPERTY AND EQUIPMENT New property and equipment are recorded at cost.
Depreciation is computed using the straight-line method over the estimated
useful lives of the assets, generally 5 years. Expenditures for renewals and
betterments are capitalized. Expenditures for minor items, repairs and
maintenance are charged to operations as incurred. Gain or loss upon sale or
retirement due to obsolescence is reflected in the operating results in the
period the event takes place.

VALUATION OF LONG-LIVED ASSETS: We review the recoverability of our long-lived
assets including equipment, goodwill and other intangible assets, when events or
changes in circumstances occur that indicate that the carrying value of the
asset may not be recoverable. The assessment of possible impairment is based on
our ability to recover the carrying value of the asset from the expected future
pre-tax cash flows (undiscounted and without interest charges) of the related
operations. If these cash flows are less than the carrying value of such asset,
an impairment loss is recognized for the difference between estimated fair value
and carrying value. Our primary measure of fair value is based on discounted
cash flows. The measurement of impairment requires management to make estimates
of these cash flows related to long-lived assets, as well as other fair value
determinations.

STOCK BASED COMPENSATION: Stock-based awards to non-employees are accounted for
using the fair value method in accordance with SFAS No. 123R, ACCOUNTING FOR
STOCK-BASED COMPENSATION, and EITF Issue No. 96-18, ACCOUNTING FOR EQUITY
INSTRUMENTS THAT ARE ISSUED TO OTHER THAN EMPLOYEES FOR ACQUIRING, OR IN
CONJUNCTION WITH SELLING GOODS OR SERVICES.

On January 1, 2006, we adopted the provisions of Statement of Financial
Accounting Standards ("SFAS") 123R, "Share-Based Payment" ("SFAS 123(R)"), which
requires that companies measure and recognize compensation expense at an amount
equal to the fair value of share-based payments granted under compensation
arrangements. Prior to January 1, 2006, we accounted for our stock-based
compensation plans under the recognition and measurement principles of
Accounting Principles Board ("APB") Opinion 25, "Accounting for Stock Issued to
Employees," and related interpretations, and would typically recognize no
compensation expense for stock option grants if options granted had an exercise
price equal to the market value of the underlying common stock on the date of
grant.


                                      F-6
<PAGE>

We adopted SFAS 123(R) using the "modified prospective" method, which results in
no restatement of prior period amounts. Under this method, the provisions of
SFAS 123(R) apply to all awards granted or modified after the date of adoption.
In addition, compensation expense must be recognized for any unvested stock
option awards outstanding as of the date of adoption on a straight-line basis
over the remaining vesting period. We calculate the fair value of options using
a Black-Scholes option pricing model. We do not currently have any outstanding
options subject to future vesting therefore no charge is required for the years
ended May 31, 2008 or 2007. SFAS 123(R) also requires the benefits of tax
deductions in excess of recognized compensation expense to be reported in the
Statement of Cash Flows as a financing cash inflow rather than an operating cash
inflow. In addition, SFAS 123(R) required a modification to the Company's
calculation of the dilutive effect of stock option awards on earnings per share.
For companies that adopt SFAS 123(R) using the "modified prospective" method,
disclosure of pro forma information for periods prior to adoption must continue
to be made.

ACCOUNTING FOR OBLIGATIONS AND INSTRUMENTS POTENTIALLY TO BE SETTLED IN THE
COMPANY'S OWN STOCK: We account for obligations and instruments potentially to
be settled in the Company's stock in accordance with EITF Issue No. 00-19,
ACCOUNTING FOR DERIVATIVE FINANCIAL INSTRUMENTS INDEXED TO, AND POTENTIALLY
SETTLED IN A COMPANY'S OWN STOCK. This issue addresses the initial balance sheet
classification and measurement of contracts that are indexed to, and potentially
settled in, the Company's own stock.

FAIR VALUE OF FINANCIAL INSTRUMENTS: Statements of Financial Accounting
Standards No. 107, "Disclosures about Fair Value of Financial Instruments,"
requires disclosure of fair value information about financial instruments. Fair
value estimates discussed herein are based upon certain market assumptions and
pertinent information available to management as of May 31 2008. The respective
carrying value of certain on-balance sheet financial instruments approximated
their fair values.

These financial instruments include cash and cash equivalents, accounts payable
and accrued expenses. Fair values were assumed to approximate carrying values
for these financial instruments since they are short-term in nature and their
carrying amounts approximate fair values or they are receivable or payable on
demand.

EARNINGS PER COMMON SHARE: Basic net loss per share is computed using the
weighted average number of common shares outstanding during the period. Diluted
net loss per common share is computed using the weighted average number of
common and dilutive equivalent shares outstanding during the period. Dilutive
common equivalent shares consist of options to purchase common stock (only if
those options are exercisable and at prices below the average share price for
the period) and shares issueable upon the conversion of our Preferred Stock. Due
to the net losses reported, dilutive common equivalent shares were excluded from
the computation of diluted loss per share, as inclusion would be anti-dilutive
for the periods presented. Except as otherwise noted, all share, option and
warrant numbers have been restated to give retroactive effect to our reverse
split. All per share disclosures retroactively reflect shares outstanding or
issuable as though the reverse split had occurred June 1, 2006.

There were no common equivalent shares required to be added to the basic
weighted average shares outstanding to arrive at diluted weighted average shares
outstanding in 2008 or 2007.

INCOME TAXES: We must make certain estimates and judgments in determining income
tax expense for financial statement purposes. These estimates and judgments
occur in the calculation of certain tax assets and liabilities, which arise from
differences in the timing of recognition of revenue and expense for tax and
financial statement purposes.

Deferred income taxes are recorded in accordance with SFAS No. 109, "ACCOUNTING
FOR INCOME TAXES," or SFAS 109. Under SFAS No. 109, deferred tax assets and
liabilities are determined based on the differences between financial reporting
and the tax basis of assets and liabilities using the tax rates and laws in
effect when the differences are expected to reverse. SFAS 109 provides for the
recognition of deferred tax assets if realization of such assets is more likely
than not to occur. Realization of our net deferred tax assets is dependent upon
our generating sufficient taxable income in future years in appropriate tax
jurisdictions to realize benefit from the reversal of temporary differences and
from net operating loss, or NOL, carryforwards. We have determined it more
likely than not that these timing differences will not materialize and have
provided a valuation allowance against substantially all of our net deferred tax
asset. Management will continue to evaluate the realizability of the deferred
tax asset and its related valuation allowance. If our assessment of the deferred
tax assets or the corresponding valuation allowance were to change, we would
record the related adjustment to income during the period in which we make the
determination. Our tax rate may also vary based on our results and the mix of
income or loss in domestic and foreign tax jurisdictions in which we operate.

In addition, the calculation of our tax liabilities involves dealing with
uncertainties in the application of complex tax regulations. We recognize
liabilities for anticipated tax audit issues in the U.S. and other tax
jurisdictions based on our estimate of whether, and to the extent to which,
additional taxes will be due. If we ultimately determine that payment of these
amounts is unnecessary, we will reverse the liability and recognize a tax
benefit during the period in which we determine that the liability is no longer
necessary. We will record an additional charge in our provision for taxes in the
period in which we determine that the recorded tax liability is less than we
expect the ultimate assessment to be.


                                      F-7
<PAGE>

The Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes," ("SFAS 109") which
requires recognition of estimated income taxes payable or refundable on income
tax returns for the current year and for the estimated future tax effect
attributable to temporary differences and carry-forwards. Measurement of
deferred income tax is based on enacted tax laws including tax rates, with the
measurement of deferred income tax assets being reduced by available tax
benefits not expected to be realized.

RECENT ACCOUNTING PRONOUNCEMENTS

In February 2007, FASB issued SFAS No. 159, The Fair Value Option for Financial
Assets and Financial Liabilities Including an Amendment of FASB Statement No.
115 (" SFAS 159"). SFAS 159 permits entities to choose to measure many financial
instruments and certain other items at fair values. SFAS 159 is effective for
fiscal years after November 15, 2007. The Company is currently evaluating the
impact of adopting SFAS 159 on our financial statements.

In December 2007, the Financial Accounting Standards Board issued FASB Statement
No. 141 (Revised 2007), Business Combinations ("SFAS 141R"). SFAS 141R provides
additional guidance on improving the relevance, representational faithfulness,
and comparability of the financial information that a reporting entity provides
in its financial reports about a business combination and its effects. This
Statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual reporting
period beginning on or after December 15, 2008.

In December 2007, the Financial Accounting Standards Board issued FASB Statement
No. 160, NONCONTROLLING INTERESTS IN CONSOLIDATED FINANCIAL STATEMENTS--AN
AMENDMENT OF ARB NO. 51 ("SFAS 160"). SFAS 160 amends ARB No. 51 to establish
accounting and reporting standards for the noncontrolling interest in a
subsidiary and for the deconsolidation of a subsidiary. This Statement is
effective for fiscal years and interim periods within those fiscal years,
beginning on or after December 15, 2008. The Company is currently evaluating the
impact of adopting SFAS 160 on our financial statements.

Management does not anticipate that the adoption of these standards will have a
material impact on the financial statements.


                                      F-8
<PAGE>

                               ECONOMETRICS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  May 31, 2008


1.   RECENT COURT PROCEEDINGS:

On April 12, 2007, Douglas County Court, Colorado approved an Order granting the
custodianship of the company to CSII . The appointment is requires the custodian
is to continue the business of the corporation and not to liquidate its affairs
or distribute its assets. The material terms of the transaction confirmed by the
Court generally authorize CSII to appoint new members to the Registrant's board
of directors and to take any and all actions on behalf of the Company permitted
by Colorado Statutes Section 7-114-303, including actions to:

         o        settle affairs, collect outstanding debts, sell and convey
                  property, real and personal
         o        demand, sue for, collect, receive and take into his or their
                  possession all the goods and chattels, rights and credits,
                  moneys and effects, lands and tenements, books, papers, choses
                  in action, bills, notes and property, of every description of
                  the corporation
         o        institute suits at law or in equity for the recovery of any
                  estate, property, damages or demands existing in favor of the
                  corporation
         o        exercise the rights and authority of a Board of Directors and
                  Officers in accordance with state law, the articles and bylaws

The accounts of the former subsidiaries were not included and have not been
carried forward.

RESULTANT CHANGE IN CONTROL: In connection with the Order, Michael Anthony was
appointed our sole director and President on April 12, 2007. The subsequent
shareholder meeting confirmed his appointment on February 15, 2008 As sole
officer and director, Michael Anthony entered into an agreement with CSII
whereby CSII agreed to make an investment of paid in capital of $30,000 to be
used to pay for costs and expenses necessary to bring the Company back into
compliance with state and federal securities laws and bring current all
Securities and Exchange disclosure obligations. In exchange for the $30,000 CSII
was issued 200,000,000 (4,000,000 post split) shares of common stock on February
9, 2008.

Mr. Anthony is the President of CSII and has sole voting and dispositive
control.

3. INCOME TAXES:

We have adopted SFAS 109 which provides for the recognition of a deferred tax
asset based upon the value the loss carry-forwards will have to reduce future
income taxes and management's estimate of the probability of the realization of
these tax benefits. Our net operating loss carryovers incurred prior to 2005
considered available to reduce future income taxes were reduced or eliminated
through our recent change of control (I.R.C. Section 382(a)) and the continuity
of business limitation of I.R.C. Section 382(c).

We have a current operating loss carry-forward of $ 34,000 resulting in deferred
tax assets of $14,000. We have determined it more likely than not that these
timing differences will not materialize and have provided a valuation allowance
against substantially all our net deferred tax asset.

Future utilization of currently generated federal and state NOL and tax credit
carry forwards may be subject to a substantial annual limitation due to the
ownership change limitations provided by the Internal Revenue Code of 1986, as
amended and similar state provisions. The annual limitation may result in the
expiration of NOL and tax credit carry forwards before full utilization.

4. COMMITMENTS:

The Company is not a party to any leases and does not have any commitments


                                      F-9
<PAGE>

5. STOCKHOLDERS' EQUITY:

         REVERSE STOCK

On May 5, 2008 we declared a reverse split of our common stock. The formula
provided that every fifty (50) issued and outstanding shares of common stock of
the Corporation be automatically split into 1 share of common stock. Any
resulting share ownership interest of fractional shares was rounded up to the
first whole integer in such a manner that all rounding was done to the next
single share and each and every shareholder would own at least 1 share. The
reverse stock split was effective May 16, 2008 for holders of record at May 16,
2008. Except as otherwise noted, all share, option and warrant numbers have been
restated to give retroactive effect to this reverse split. All per share
disclosures retroactively reflect shares outstanding or issuable as though the
reverse split had occurred June 1, 2006.

         COMMON STOCK

We are currently authorized to issue up to 300,000,000 shares of $ 0.001 par
value common stock. All issued shares of common stock are entitled to vote on a
1 share/1 vote basis. On January 17, 2008 Corporate Services International, Inc.
agreed to contribute a total of $30,000 as paid in capital in exchange for
4,000,000 post-split shares of restricted common stock. The company is to use
these funds to pay the costs and expenses necessary to revive business
operations. Such expenses include fees to reinstate the corporate charter;
payment of all past due franchise taxes; settling all past due accounts with the
transfer agent; accounting and legal fees; costs associated with bringing
current its filings with the Securities and Exchange Commission, etc.

         PREFERRED STOCK

We are currently authorized to issue up to 10,000,000 shares of $ 0.001
preferred stock. On May 5, 2008 the board of directors approved the cancellation
of all previously issued preferred shares and approved the cancellation and
extinguishment of all previously issued common and preferred share conversion
rights of any kind, including without limitation, warrants, options, convertible
debt instruments and convertible preferred stock of every series and
accompanying conversion rights of any kind.

There are no employee or non-employee options grants.


6.      RELATED PARTY TRANSACTIONS NOT DISCLOSED ELSEWHERE

On January 17, 2008 Corporate Services International, Inc. agreed to contribute
a total of $30,000 as paid in capital in exchange for 4,000,000 post-split
shares of restricted common stock. The company is to use these funds to pay the
costs and expenses necessary to revive business operations. Such expenses
include fees to reinstate the corporate charter; payment of all past due
franchise taxes; settling all past due accounts with the transfer agent;
accounting and legal fees; costs associated with bringing current its filings
with the Securities and Exchange Commission, etc

       FAIR VALUE OF SERVICES:

The principal stockholder provided, without cost to the Company, his services,
valued at $1,800 per month through May 31, 2008, which totaled $21,600 for the
twelve-month period then ended. The principal stockholder also provided, without
cost to the Company, office space valued at $200 per month, which totaled $2,400
for the twelve-month period ended May 31, 2008. The total of these expenses was
$24,000 and was reflected in the statement of operations as general and
administrative expenses with a corresponding contribution of paid-in capital.
The company was inactive in 2007.

Legal services provided to the company by Laura Anthony through Legal &
Compliance, LLC (Michael Anthony's spouse) was valued at $10,000 and was unpaid
at May 31, 2008.

DUE RELATED PARTIES: Other amounts due related parties consist of corporate
reinstatement expenses paid by the principal shareholder prior to the
establishment of a bank account. Such items aggregated $22,364 at May 31, 2008.
A summary is a s follows:

Prior payables paid                                                 $  4,500
Current reinstatement expenses paid                                   17,864
Fair value of legal services                                          10,000
                                                                    --------
  Total                                                             $ 32,364
                                                                    ========

                                      F-10
<PAGE>

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

         In its two most recent fiscal years or any later interim period, the
Company has had no disagreements with its independent accountants.

ITEM 9A(T). CONTROLS AND PROCEDURES

         It is the responsibility of the chief executive officer and chief
financial officer of Econometrics to establish and maintain a system for
internal controls over financial reporting such that Econometrics properly
reports and files all matters required to be disclosed by the Securities
Exchange Act of 1934 (the "Exchange Act"). Michael Anthony is the Company's
chief executive officer and chief financial officer. The Company's system is
designed so that information is retained by the Company and relayed to counsel
as and when it becomes available. As the Company is a shell company with no or
nominal business operations, Mr. Anthony immediately becomes aware of matters
that would require disclosure under the Exchange Act. After conducting an
evaluation of the effectiveness of the design and operation of the Company's
disclosure controls and procedures as of May 31, 2008, he has concluded that the
Company's disclosure controls and procedures were effective to ensure that
information required to be disclosed by it in its reports filed or submitted
under the Exchange Act is recorded, processed summarized and reported within the
time periods specified in the rules and forms of the Securities and Exchange
Commission (the "SEC").

         This annual report does not include an attestation report of the
Company's registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
Company's registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
management's report in this annual report.

         There were no significant changes in the Company's internal controls or
in other factors that could significantly affect these controls subsequent to
that evaluation, and there were no significant deficiencies or material
weaknesses in such controls requiring corrective actions.

ITEM 9B. OTHER INFORMATION

         None.


                                    PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

         The following table sets forth the name, age and position held with
respect to our present directors and executive officers:

NAME              AGE      POSITION                           EXECUTIVE OFFICER
                                                              AND DIRECTOR SINCE

Michael Anthony    42      Chief Executive Officer,
                           President, Secretary,
                           Treasurer, Director                April 12, 2007

         Our directors are elected to serve until the next annual meeting of
shareholders and until their respective successors will have been elected and
will have qualified. Officers are not elected for a fixed term of office but
hold office until their successors have been elected. Mr. Anthony is not a party
to any arrangement or understanding pursuant to which he was or is to be elected
as a director.


                                       18
<PAGE>

         Mr. Anthony, age 42, has been an officer and director of the Company
since April 12, 2007. Mr. Anthony is the sole officer and director of Corporate
Services International, Inc. a personal use business consulting company. Mr.
Anthony is the sole member of Century Capital Partners, LLC, a personal use
business consulting company.

         In addition, since November 2004, Mr. Anthony has been President and
CEO of Union Equity, Inc. and its wholly owned subsidiary Home Sales 24/7, Inc.
Union Equity, Inc. is an Internet based real estate marketing firm.

         On or about July 15, 2005 Mr. Anthony became an officer and director of
Ubrandit.com, Inc. a reporting blank check company and resigned his position on
October 31, 2006. On or about July 30, 2006 Mr. Anthony became an officer and
director of Standard Commerce, Inc. a reporting blank check company and resigned
his position effective August 24, 2007. On or about March 15, 2007, Mr. Anthony
became an officer and director Apogee Robotics, Inc. a reporting blank check
company and resigned his position on March 31, 2008. On or about May 25, 2007,
Mr. Anthony became an officer and director or Aim Smart Corporation, a reporting
blank check company and resigned his position on April 24, 2008. On or about
July 2, 2007, Mr. Anthony became an officer and director of Diversified
Opportunities, Inc., a reporting blank check company and resigned his position
on May 30, 2008.

         In addition, Mr. Anthony is currently an officer and director of Voxel,
Inc., Stacy's Buffet, Inc. and Jockey Club, Inc. all reporting blank check
companies.

         Laura Anthony, Esquire is corporate and securities counsel to the
Company. Laura Anthony is Michael Anthony's wife. Ms. Anthony's total legal fees
for period ending May 31, 2008 were $10,000.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

         Section 16(a) of the Securities Exchange Act of 1934, as amended,
requires the registrant's officers and directors, and persons who own more than
10% of a registered class of the registrant's equity securities, to file reports
of ownership and changes in ownership of equity securities of the Registrant
with the Securities and Exchange Commission. Officers, directors and
greater-than 10% shareholders are required by the Securities and Exchange
Commission regulation to furnish the registrant with copies of all Section 16(a)
forms that they file. Based solely on a review of Forms 3 and 4 and amendments
thereto filed with the Commission during the fiscal year end May 31, 2008, all
Section 16(a) forms were filed.

CODE OF ETHICS

         Econometrics has not adopted a code of ethics. Econometrics is a shell
company with one officer and director and no employees. The primary functions of
a code of ethics include internal reporting and adherence to the code,
compliance with government rules and regulations including the reporting
requirements under the Exchange Act and the honest and ethical handling of
actual or apparent conflicts of interest. As a shell company, with one officer
and director, the functions of the code of ethics are properly met without the
need of a formal document.


                                       19
<PAGE>

ITEM 11. EXECUTIVE COMPENSATION

         No executive compensation was paid during the fiscal period ended May
31, 2007 or 2008 by Econometrics. Econometrics has no employment agreement with
any of its officers and directors. Econometrics has no employees and no
compensation committee.

         The following tables show, as to the named executive officers, certain
information concerning stock options:

OPTION GRANTS DURING 2008

                         PERCENT OF
          NUMBER OF      TOTAL OPTIONS
          SECURITIES     GRANTED TO          EXERCISE OR
          UNDERLYING     EMPLOYEES IN        BASE PRICE     EXPIRATION
NAME      OPTIONS        FISCAL YEAR         ($/SH)         DATE
----      -------        -----------         ------         ----

NONE

<TABLE>
<S>     <C>
AGGREGATED OPTIONS EXERCISES IN LAST FISCAL YEAR
AND FY-END OPTION VALUES

                                            NUMBER OF SECURITIES
           ACQUIRED         VALUE           UNDERLYING UNEXERCISED        VALUE OF UNEXERCISED IN
NAME      ON EXERICSE      REALIZED          OPTIONS AT FY-END (#)           THE MONEY OPTIONS
----      -----------      --------          ---------------------           -----------------
                                          EXERCISABLE  UNEXERCISABLE      EXERCISABLE  UNEXERCISABLE
                                          -----------  -------------      -----------  -------------

NONE
</TABLE>


COMPENSATION OF DIRECTORS

         Econometrics's directors are not compensated for their services as
directors of the Company.


EMPLOYMENT CONTRACTS

         We do not have an employment contract with any executive officers. Any
obligation to provide any compensation to any executive officer in the event of
his resignation, retirement or termination, or a change in control of the
Company, or a change in any named Executive Officers' responsibilities following
a change in control would be negotiated at the time of the event.

         We may in the future create retirement, pension, profit sharing and
medical reimbursement plans covering our Executive Officers and Directors.

         The Company has made no Long Term Compensation payouts (LTIP or other)


                                       20
<PAGE>

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS

         Econometrics does not have an equity compensation plan.

         The following table sets forth, as of July 14, 2008, the number and
percentage of outstanding shares of common and preferred stock which, according
to the information supplied to the Company, were beneficially owned by (i) each
current director of the Company, (ii) each current executive officer of the
Company, (iii) all current directors and executive officers of the Company as a
group, and (iv) each person who, to the knowledge of the Company, is the
beneficial owner of more than 5% of the Company's outstanding common stock.
Except as otherwise indicated, the persons named in the table below have sole
voting and dispositive power with respect to all shares beneficially owned,
subject to community property laws (where applicable).

    Owner                         Common Shares     Percentage(1)
    ------------------------------------------------------------------
    Michael Anthony(2)              4,000,020           94.2%
    ------------------------------------------------------------------
    Officers and directors as       4,000,020           94.2%
    a group (1 persons)
    ------------------------------------------------------------------

(1) Based on 4,243,318 shares of common stock outstanding as of May 21, 2008.

(2) Held by Corporate Services International, a private services corporation of
which Mr. Anthony is the sole beneficiary.

         There are no arrangements which may result in a change in control of
Econometrics.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         During the last three years, to the knowledge of the Company, there was
no person who had or has a direct or indirect material interest in any
transaction or proposed transaction to which the Company was or is a party.
Transactions in this context relate to any transaction which exceeds $120,000 or
one percent of the average of the Company's total assets at year end for the
last three completed fiscal years.

         The officer and director of the Company will not devote more than a
portion of his time to the affairs of the Company. There may be occasions when
the time requirements of the Company's business conflict with the demands of his
other business and investment activities. Such conflict may require that the
company attempt to employ additional personnel. There is no assurance that the
services of such persons will be available or that they can be obtained upon
terms favorable to the company.

         There is no procedure in place which would allow officers or directors
to resolve potential conflicts in an arms-length fashion. Accordingly, they will
be required to use their discretion to resolve them in a manner in which they
consider appropriate.

         Laura Anthony, Esquire is corporate and securities counsel to the
Company. Laura Anthony is Michael Anthony's wife and a non-voting minority
member of Century Capital Partners, LLC. Ms. Anthony's total legal fees for the
year ending May 31, 2008 totaled $10,000.

         Econometrics does not have any outside directors.


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<PAGE>

ITEM 14.  PRINCIPAL ACCOUNTING FEES AND SERVICES.

AUDIT FEES

         The Company was billed a total of $5,000 for the fiscal years ended May
31, 2007 and 2008 inclusive for professional services rendered by the principal
accountant for the audit of the Company's annual financial statements, the
review of our quarterly financial statements, and other services performed in
connection with our statutory and regulatory filings. These services also
included updating the audits for our annual report.

AUDIT RELATED FEES

         There were $0 in audit related fees for the fiscal years ended May 31,
2007 and 2008. Audit related fees include fees for assurance and related
services rendered by the principal accountant related to the audit or review of
our financial statements, not included in the foregoing paragraph.

TAX FEES

         There were no tax fees for the fiscal year ended May 31, 2008. Tax fees
include fees for professional services rendered by the principal accountant for
tax compliance, tax advice and tax planning.

ALL OTHER FEES

         There were no other professional services rendered by our principal
accountant during the last two fiscal years that were not included in the above
paragraphs.

         The Company's Board of Directors reviews and approves audit and
permissible non-audit services performed by its independent accountants, as well
as the fees charged for such services. In its review of non-audit service fees
and its appointment of Michael F. Cronin, CPA as the Company's independent
accountants, the Board of Directors considered whether the provision of such
services is compatible with maintaining independence.


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<PAGE>

                                     PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

         The Company's financial statements for the fiscal years ended May 31,
2008 and 2007 are attached hereto as F-1 through F-

EXHIBITS

NUMBER                         DESCRIPTION
------                         -----------

3.1.1    Original Articles of Incorporation dated June 25, 1986*

3.1.2    Amendment to Articles of Incorporation - October 20, 1987*

3.1.3    Amendment to Articles of Incorporation - December 2, 1993*

3.1.4    Certificate of Assumed or Trade Name - August 20, 1997*

3.1.5    Articles of Share Exchange - August 20, 1997*

3.1.6    Amendment to Articles of Incorporation - November 21, 1997*

3.1.7    Amendment to Articles of Incorporation - March 22, 1999*

3.1.8    Amendment to Articles of Incorporation - April 16, 1999*

3.1.9    Statement Curing Delinquency - April 16, 2007*

3.1.10   Amended and Restated Articles of Incorporation - April 16, 2007*

3.1.11   Articles of Incorporation - Delaware - January 22, 2008*

3.1.12   Certificate of Merger - Delaware - February 28, 2008*

3.1.13   Statement of Merger - Colorado - March 6, 2008*

3.1.14   Agreement of Merger - February 27, 2008*

3.1.15   Amendment to Articles of Incorporation - May 6, 2008*

3.2      Amended and Restated By-Laws*

31.1     Certification of the Chief Executive Officer and Chief Financial
         Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1     Certification of the Chief Executive Officer and Chief Financial
         Officer pursuant to Section 906 of the Sarbanes Oxley Act of 2002

*        Previously filed with the Company Form 10 filed on May 22, 2008


REPORTS ON 8-K

         None


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<PAGE>

                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.


Date:  July 14, 2008                          ECONOMETRICS


                                              By: /s/ Michael Anthony
                                                  ------------------------------
                                                  Name: Michael Anthony
                                                  Title: Chief Executive Officer


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