----

----

| Nevada                                        | 20-2066406     |
|-----------------------------------------------|---------------------|
| (State or Other Jurisdiction of Incorporation | (I.R.S. Employer    |
| or Organization)                              | Identification No.) |
|                                          |                |
| 5190 Neil Road, Suite 430, Reno, Nevada       | 89502               |
| (Address of Principal Executive Offices)      | (Zip Code)          |

----

| Large accelerated filer  o | Accelerated filer  o |
|--------------------------------------|--------------------------------|
|                                 |                           |
| Non-accelerated filer  o   | Smaller reporting company x    |

----

----

----

----

----

----

| · | curtail operations significantly; |
|--------|-----------------------------------|

| · | sell significant assets; |
|--------|--------------------------|

| · | seek arrangements with strategic partners or other parties that may require the Company to relinquish significant rights to products, technologies or markets; or |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | explore other strategic alternatives including a merger or sale of the Company. |
|--------|---------------------------------------------------------------------------------|

----

----

----

|                    | Andain, Inc. |
|-------------------------|--------------|
|                    |         |   |
|                    |         |   |
| Dated: February 6, 2011 | By:          | /s/ Sam Shlomo Elimelech |
|                    |         | Sam Shlomo Elimelech, President |

| Signature                                                           |   | Title                        |   | Date                   |
|---------------------------------------------------------------------|--------|------------------------------|--------|------------------------|
|  /s/  Sam Shlomo ElimelechSam Shlomo Elimelech  |   |  President/Director     |   |  February 6, 2011 |
| /s/  Gai Mar-ChaimGai Mar-Chaim                           |   | Secretary/Treasurer/Director |   |  February 6, 2011 |

----

----

|                                                    |   | December 31, |    |
|---------------------------------------------------------|--------|--------------|---------|
|                                                    |   | 2005         |    |   | 2004 |   |
| ASSETS                                                  |
|                                                    |   |         |    |   |   |   |
| Total assets                                            |   | $            | -       |   |   | $ | - |   |
|                                                    |   |         |    |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT             |
|                                                    |   |         |    |   |   |   |   |   |
| Current liabilities:                                    |   |         |    |   |   |   |   |   |
| Accounts payable                                        |   |         | 3,186   |   |   |   | - |   |
| Note payable - stockholder (Note 5)                     |   |         | 14,192  |   |   |   | 7,270 |   |
|                                                    |   |         |    |   |   |   |   |   |
|      Total current liabilities |   |         | 17,378  |   |   |   | 7,270 |   |
|                                                    |   |         |    |   |   |   |   |   |
|  Total liabilities                                 |   |         | 17,378  |   |   |   | 7,270 |   |
|                                                    |   |         |    |   |   |   |   |   |
| Stockholders’ deficit (Note 4):                   |   |         |    |   |   |   |   |   |
|    Preferred stock at $0.001 par value;  |   |         |    |   |   |   |   |   |
| authorized 10,000,000 shares;                           |   |         |    |   |   |   |   |   |
| no shares issued and outstanding                        |   |         | -       |   |   |   | - |   |
|                                                    |   |         |    |   |   |   |   |   |
|    Common stock at $0.001 par value;     |   |         |    |   |   |   |   |   |
| authorized 500,000,000 shares;                          |   |         |    |   |   |   |   |   |
| 2,010,000 shares issued and outstanding                 |   |         | 2,010   |   |   |   | - |   |
|                                                    |   |         |    |   |   |   |   |   |
| Deficit accumulated during development stage            |   |         | (19,388 | ) |   |   | (7,270 | ) |
|                                                    |   |         |    |   |   |   |   |   |
|    Total stockholders’ deficit     |   |         | (17,378 | ) |   |   | (7,270 | ) |
|                                                    |   |         |    |   |   |   |   |   |
| Total liabilities and stockholders’ deficit       |   | $            | -       |   |   | $ | - |   |

----

|                                             |   |         |    |   | Period of Inception  |   |
|--------------------------------------------------|--------|--------------|---------|--------|----------------------|--------|
|                                             |   | Year Ended   |    |   | (July 23, 2004)      |   |
|                                             |   | December 31, |    |   | through December 31, |   |
|                                             |   | 2005         |    |   | 2004                 |   |   | 2005 |   |
|                                             |   |         |    |   |                 |   |   |   |   |
| Revenue                                          |   | $            | -       |   |                 | $      | - |   |   | $ | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Expenses:                                        |   |         |    |   |                 |   |   |   |   |   |   |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| General, administrative,                         |   |         |    |   |                 |   |   |   |   |   |   |   |
|   organization, & related expenses |   |         | 12,118  |   |                 |   | 7,270 |   |   |   | 19,388 |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Net loss and deficit accumulated                 |   |         |    |   |                 |   |   |   |   |   |   |   |
|   during development stage             |   | $            | (12,118 | )      |                 | $      | (7,270 | ) |   | $ | (19,388 | ) |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Basic and diluted loss per share                 |   | $            | (0.015  | )      |                 | $      | (0.00 | ) |   |   |   |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Weighted average number of common                |   |         |    |   |                 |   |   |   |   |   |   |   |
|    shares outstanding             |   |         | 814,932 |   |                 |   | 0 |   |   |   |   |   |

----

|                                     |   |         |      |   |          |   |    |       |   |   | Additional  |   |    |                |   |   | Total        |   |
|------------------------------------------|--------|--------------|-----------|--------|---------------|--------|---------|------------|--------|--------|-------------|--------|---------|---------------------|--------|--------|--------------|--------|
|                                     |   | Common Stock |      |   | Subscriptions |   |    | Paid-in    |   |   | Accumulated |   |    | Stockholders’ |   |
|                                     |   | Shares       |      |   | Amount        |   |    | Receivable |   |   | Capital     |   |    | Deficit             |   |   | Deficit      |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |
| Inception (July 23, 2004)                |   |         | -         |   |          | $      | -       |       |   | $      | -           |   |    | $                   | -      |   |         | $      | - |   |   | $ | - |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Net loss                                 |   |         |  -   |   |          |   |  - |       |   | -      |        |   |  - |                |   |   | -            |   |   |   | - |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Balance, September 30, 2004              |   |         | -         |   |          |   | -       |       |   |   | -           |   |    |                | -      |   |         |   | - |   |   |   | - |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Net loss                                 |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |  (7,270 | )      |   |   |  (7,270 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Balance, December 31, 2004               |   |         | -         |   |          |   | -       |       |   |   | -           |   |    |                | -      |   |         |   | (7,270 | ) |   |   | (7,270 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Common stock subscribed                  |   |         | -         |   |          |   | -       |       |   |   | (100        | )      |    |                | -      |   |         |   | - |   |   |   | (100 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Common stock issued                      |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
|   at $0.001 for cash           |   |         | 100,000   |   |          |   | 100     |       |   |   | -           |   |    |                | -      |   |         |   | - |   |   |   | 100 |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Common stock subscriptions received      |   |         | -         |   |          |   | -       |       |   |   | 100         |   |    |                | -      |   |         |   | - |   |   |   | 100 |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Common stock issued                      |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
|   at $0.001 for legal services |   |         | 10,000    |   |          |   | 10      |       |   |   | -           |   |    |                | -      |   |         |   | - |   |   |   | 10 |   |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Net loss                                 |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |  (8,655 | )      |   |   |  (8,655 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Balance, March 31, 2005                  |   |         | 110,000   |   |          |   | 110     |       |   |   | -           |   |    |                | -      |   |         |   | (15,925 | ) |   |   | (15,815 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Net loss                                 |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |  (834   | )      |   |   |  (834 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Balance, June 30, 2005                   |   |         | 110,000   |   |          |   | 110     |       |   |   | -           |   |    |                | -      |   |         |   | (16,759 | ) |   |   | (16,649 | ) |
|                                     |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
| Common stock issued to reduce            |   |         |      |   |          |   |    |       |   |   |        |   |    |                |   |   |         |   |   |   |   |   |   |   |
|   stockholder loan             |   |         | 1,900,000 |   |          |   | 1,900   |       |   |   | -           |   |    |                | -      |   |         |   | - |   |   |   | 1,900 |   |

----

|                        |   |         |      |   |          |   |   |       |   |   | Additional  |   |   |                |         |   | Total      |   |
|-----------------------------|--------|--------------|-----------|--------|---------------|--------|--------|------------|--------|--------|-------------|--------|--------|---------------------|--------------|--------|------------|--------|
|                        |   | Common Stock |      |   | Subscriptions |   |   | Paid-in    |   |   | Accumulated |   |   | Stockholders’ |         |
|                        |   | Shares       |      |   | Amount        |   |   | Receivable |   |   | Capital     |   |   | Deficit             |         |   | Deficit    |   |
|                        |   |         |      |   |          |   |   |       |   |   |        |   |   |                |         |   |       |   |
| Net loss                    |   |         |      |   |          |   |   |       |   |   |        |   |   |                |  (2,005 | )      |       |   |  (2,005 | ) |
|                        |   |         |      |   |          |   |   |       |   |   |        |   |   |                |         |   |       |   |   |   |
| Balance, September 30, 2005 |   |         | 2,010,000 |   |          |   | 2,010  |       |   |   | -           |   |   |                | -            |   |       |   | (18,764 | ) |   |   | (16,754 | ) |
|                        |   |         |      |   |          |   |   |       |   |   |        |   |   |                |         |   |       |   |   |   |   |   |   |   |
| Net loss                    |   |         |      |   |          |   |   |       |   |   |        |   |   |                |         |   |  (624 | )      |   |   |  (624 | ) |
|                        |   |         |      |   |          |   |   |       |   |   |        |   |   |                |         |   |       |   |   |   |   |   |   |   |
| Balance, December 31, 2005  |   |         | 2,010,000 |   |          | $      | 2,010  |       |   | $      | -           |   |   | $                   | -            |   |       | $      | (19,388 | ) |   | $ | (17,378 | ) |

----

|                                             |   |         |    |   | Period of Inception  |   |
|--------------------------------------------------|--------|--------------|---------|--------|----------------------|--------|
|                                             |   | Year Ended   |    |   | (July 23, 2004)      |   |
|                                             |   | December 31, |    |   | through December 31, |   |
|                                             |   |  2005   |    |   | 2004                 |   |   | 2005 |   |
| Operating Activities:                            |   |         |    |   |                 |   |   |   |   |
|   Net loss                             |   | $            | (12,118 | )      |                 | $      | (7,270 | ) |   | $ | (19,388 | ) |
|   Adjustments to reconcile net loss to |   |         |    |   |                 |   |   |   |   |   |   |   |
|  net cash used in operations:               |   |         |    |   |                 |   |   |   |   |   |   |   |
| Shares issued for legal services                 |   |         | 10      |   |                 |   | - |   |   |   | 10 |   |
| Note payable issued to stockholder               |   |         |    |   |                 |   |   |   |   |   |   |   |
| for payment of operating expenses                |   |         | 8,822   |   |                 |   | 7,270 |   |   |   | 16,092 |   |
|   Changes in operating assets          |   |         |    |   |                 |   |   |   |   |   |   |   |
|      and liabilities:   |   |         |    |   |                 |   |   |   |   |   |   |   |
|   Accounts payable                     |   |         | 3,186   |   |                 |   | - |   |   |   | 3,186 |   |
| Net cash used in operating activities            |   |         | (100    | )      |                 |   | - |   |   |   | (100 | ) |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Investing Activities:                            |   |         | -       |   |                 |   | - |   |   |   | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Financing Activities:                            |   |         |    |   |                 |   |   |   |   |   |   |   |
|   Shares issued for cash               |   |         | 100     |   |                 |   | - |   |   |   | 100 |   |
| Net cash provided by financing activities        |   |         | 100     |   |                 |   | - |   |   |   | 100 |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Increase in cash and cash equivalents            |   |         | -       |   |                 |   | - |   |   |   | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Cash and cash equivalents,                       |   |         |    |   |                 |   |   |   |   |   |   |   |
|    beginning of period            |   |         | -       |   |                 |   | - |   |   |   | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Cash and cash equivalents, end of period         |   | $            | -       |   |                 | $      | - |   |   | $ | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Supplemental schedule of cash flow activities:   |   |         |    |   |                 |   |   |   |   |   |   |   |
|    Cash paid for:                 |   |         |    |   |                 |   |   |   |   |   |   |   |
|       Interest     |   | $            | -       |   |                 | $      | - |   |   | $ | - |   |
|       Income taxes |   | $            | -       |   |                 | $      | - |   |   | $ | - |   |
|                                             |   |         |    |   |                 |   |   |   |   |   |   |   |
| Noncash investing and financing activities:      |   |         |    |   |                 |   |   |   |   |   |   |   |
| Stock issued to reduce stockholder loan          |   | $            | 1,900   |   |                 | $      | - |   |   | $ | 1,900 |   |

----

| Income tax benefit at statutory rate |   | $      | (4,241 | )      |
|--------------------------------------|--------|--------|--------|--------|
| Valuation allowance                  |   |   | 4,241  |   |
|                                 |   |   |   |   |
| Total                                |   | $      | -      |   |

----

----

| · | have equal ratable rights to dividends from funds legally available for payment of dividends when, and if declared by the board of directors; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| · | are entitled to share ratably in all of the assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | do not have preemptive, subscription or conversion rights, or redemption or access to any sinking fund; and |
|--------|-------------------------------------------------------------------------------------------------------------|

| · | are entitled to one non-cumulative vote per share on all matters submitted to stockholders for a vote at any meeting of stockholders. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

----

----

| ASSETS                                                                                  |
|-----------------------------------------------------------------------------------------|
| Current assets:                                                                         |   |   |   |   |
|    Cash and cash equivalents                                             |   | $ | 45,563 |   |
|    Accounts receivable                                                   |   |   |        638 |   |
| Total current assets                                                                    |   |   |   46,201 |   |
|                                                                                    |   |   |   |   |
| Property, plant and equipment                                                           |   |   |   30,600 |   |
| Investment in equity-accounted investee                                                 |   |   | 568 |   |
| Other loans                                                                             |   |   |               43,855 |   |
|                                                                                    |   |   |   |   |
| Total assets                                                                            |   | $ | 121,224 |   |
|                                                                                    |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                             |
| Current liabilities:                                                                    |   |   |   |   |
|    Accounts payable and accrued expenses                                 |   | $ |  31,028 |   |
| Total current liabilities                                                               |   |   |               31,028 |   |
|                                                                                    |   |   |   |   |
| Long-term liabilities:                                                                  |   |   |   |   |
|    Long term debt                                                        |   |   |             206,033 |   |
|    Bank overdrafts                                                       |   |   |               33,397 |   |
|                                                                                    |   |   |   |   |
| Total liabilities                                                                       |   |   |          270,458 |   |
|                                                                                    |   |   |   |   |
| Minority interest                                                                       |   |   |     1,657 |   |
|                                                                                    |   |   |   |   |
| Stockholders’ deficit:                                                            |   |   |   |   |
|    Preferred stock, $0.001 par value; 10,000,000 shares                  |   |   |   |   |
|       authorized; no shares issued and outstanding        |   |   |                    -- |   |
|    Common stock, $0.001 par value; 500,000,000 shares                    |   |   |   |   |
|       authorized; 9,980,000 shares issued and outstanding |   |   |              9,980 |   |
|    Additional paid-in capital                                            |   |   |          156,730 |   |
|    Share-based  payments                                       |   |   |              2,300 |   |
|    Accumulated deficit during development stage                          |   |   |         (318,483 | )  |
|    Accumulated other comprehensive loss                                  |   |   |             (1,418 | )  |
| Total Andain stockholders’ deficit                                                |   |   |            (150,891 | )  |
|                                                                                    |   |   |   |   |
| Total stockholders’ deficit                                                       |   |   | (149,234 | )  |
|                                                                                    |   |   |   |   |
| Total liabilities and stockholders’ deficit                                       |   | $ | 121,224 |   |

----

|                                                  |   |              |          |   | Period of Inception     |   |
|-------------------------------------------------------|--------|-------------------|---------------|--------|-------------------------|--------|
|                                                  |   | Year Ended        |          |   | (July 23, 2004) through |   |
|                                                  |   | December 31, 2006 |          |   | December 31, 2006       |   |
|                                                  |   |              |          |   |                    |   |
| Net revenue                                           |   | $                 | 112,583       |   |                    | $      | 112,583 |   |
|                                                  |   |              |          |   |                    |   |   |   |
| Operating expenses:                                   |   |              |          |   |                    |   |   |   |
|    Depreciation                        |   |              | (1,739        | )      |                    |   | (1,739 | ) |
|    General and administrative          |   |              | (333,381      | )      |                    |   | (352,769 | ) |
|    Impairment of goodwill              |   |              |  (75,014 | )      |                    |   |  (75,014 | ) |
|                                                  |   |              |          |   |                    |   |   |   |
| Loss from operations                                  |   |              | (297,551      | )      |                    |   | (316,939 | ) |
|                                                  |   |              |          |   |                    |   |   |   |
| Interest expense                                      |   |              |  (1,544  | )      |                    |   |  (1,544 | ) |
|                                                  |   |              |          |   |                    |   |   |   |
| Net loss and deficit accumulated during               |   |              |          |   |                    |   |   |   |
|    development stage                   |   | $                 | (299,095      | )      |                    | $      | (318,483 | ) |
|                                                  |   |              |          |   |                    |   |   |   |
| Basic earnings per share:                             |   |              |          |   |                    |   |   |   |
|    Net income attributable to Andain   |   | $                 | (0.047        | )      |                    |   |   |   |
|    Weighted average shares outstanding |   |              | 6,360,027     |   |                    |   |   |   |
|                                                  |   |              |          |   |                    |   |   |   |
| Diluted earnings per share:                           |   |              |          |   |                    |   |   |   |
|    Net income attributable to Andain   |   | $                 | (0.034        | )      |                    |   |   |   |
|    Weighted average shares outstanding |   |              | 8,600,027     |   |                    |   |   |   |

----

|                                                                                                                               |               |   |      |            |   |   |  Capital |   |   |  Share-      |   |   | Non-              |   |   |          |   |   | Other                     |   |   | Total         |    |
|------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------|-----------|-----------------|--------|--------|---------------|--------|--------|-------------------|--------|--------|-------------------|--------|--------|---------------|--------|--------|---------------------------|--------|--------|---------------|---------|
|                                                                                                                               |  Common Stock |   |      |  In Excess |   |   |  Based   |   |   |  Controlling |   |   |  Accumulated |   |   | Comprehensive |   |   |  Stockholders’ |   |
|                                                                                                                               | Shares             |   |      | Amount          |   |   |  Of Par  |   |   |  Reserves    |   |   | Interest          |   |   | Deficit       |   |   | Loss                      |   |   |  Deficit |    |
| Inception (July 23, 2004)                                                                                                          |               |   | --        |            |   | $      | --            |   |   | $                 | --     |   |              | $      | --     |          |   | $      | --                        |   |   | $             | --      |   |   | $ | -- |   |   | $ | -- |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                           |               |   | --        |            |   |   | --            |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | (7,270  | ) |   |   | -- |   |   |   | (7,270 | ) |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2004                                                                                                       |               |   | --        |            |   |   | --            |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | (7,270  | ) |   |   | -- |   |   |   | (7,270 | ) |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued at $0.001   for cash                                                                                      |               |   | 100,000   |            |   |   | 100           |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 100 |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued at $0.001   for legal services                                                                            |               |   | 10,000    |            |   |   | 10            |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 10 |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued to reduce   stockholder loan at $0.001                                                          |               |   | 1,900,000 |            |   |   | 1,900         |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 1,900 |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                           |               |   | --        |            |   |   | --            |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | (12,118 | ) |   |   | -- |   |   |   | (12,118 | ) |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2005                                                                                                       |               |   | 2,010,000 |            |   |   | 2,010         |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | (19,388 | ) |   |   | -- |   |   |   | (17,378 | ) |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued at $1.50 to   purchase intellectual property                                                         |               |   | 4,500,000 |            |   |   | 4,500         |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 4,500 |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued at $0.001 to   purchase Impact Active   Team Ltd. From Pangea   Investments GmbH |               |   | 2,500,000 |            |   |   | 2,500         |   |   |              | --     |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 2,500 |   |
|                                                                                                                               |               |   |      |            |   |   |          |   |   |              |   |   |              |   |   |          |   |   |                      |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Common stock issued at $0.01   for cash                                                                                       |               |   | 770,000   |            |   |   | 770           |   |   |              | 6,930  |   |              |   | --     |          |   |   | --                        |   |   |          | --      |   |   |   | -- |   |   |   | 7,700 |   |

----

|                                           |   |         |         |   | Capital In |   |   | Share- |         |   | Non-        |           |   |        |     |   | Other         |          |   | Total                     |        |
|------------------------------------------------|--------|--------------|--------------|--------|------------|--------|--------|--------|--------------|--------|-------------|----------------|--------|-------------|----------|--------|---------------|---------------|--------|---------------------------|-------------|
|                                           |   | Common Stock |         |   | Excess     |   |   | Based  |         |   | Controlling |           |   | Accumulated |     |   | Comprehensive |          |   |  Stockholders’ |        |
|                                           |   |         |  Shares |   |       | Amount |   |   |  Of Par |   |        |  Reserves |   |        | Interest |   |          |  Deficit |   |                      |   Loss |   |   |   Deficit |   |
| Common stock issued at $0.75   for cash   |   |         | 200,000      |   |       |   | 200    |   |         |   | 149,800     |           |   |        | --       |   |          |          | --     |                      |        |   | -- |   |   |   | -- |   |   |   | 150,000 |   |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Equity-settled share-based payment             |   |         | --           |   |       |   | --     |   |         |   | --          |           |   |        | 300      |   |          |          | --     |                      |        |   | -- |   |   |   | -- |   |   |   | 300 |   |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Non-controlling interest                       |   |         | --           |   |       |   | --     |   |         |   | --          |           |   |        | --       |   |          |          | 1,657  |                      |        |   | -- |   |   |   | -- |   |   |   | 1,657 |   |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash compensation expense                  |   |         | --           |   |       |   | --     |   |         |   | --          |           |   |        | 2,000    |   |          |          | --     |                      |        |   | -- |   |   |   | -- |   |   |   | 2,000 |   |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation   adjustment |   |         | --           |   |       |   | --     |   |         |   | --          |           |   |        | --       |   |          |          | --     |                      |        |   | -- |   |   |   | (1,418 | ) |   |   | (1,418 | ) |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                       |   |         | --           |   |       |   | --     |   |         |   | --          |           |   |        | --       |   |          |          | --     |                      |        |   | (299,095 | ) |   |   | -- |   |   |   | (299,095 | ) |
|                                           |   |         |         |   |       |   |   |   |         |   |        |           |   |        |     |   |          |          |   |                      |        |   |   |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2006                   |   |         | 9,980,000    |   |       |   | 9,980  |   |         |   | 156,730     |           |   |        | 2,300    |   |          |          | 1,657  |                      |        |   | (318,483 | ) |   |   | (1,418 | ) |   |   | (149,234 | ) |

----

|                                                                                                                       |   | Year Ended        |     |   | Period of Inception(July 23, 2004) through |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|-------------------|----------|--------|--------------------------------------------|--------|
|                                                                                                                       |   | December 31, 2006 |     |   | December 31, 2006                          |   |
| Operating activities:                                                                                                      |   |              |     |   |                                       |   |
|    Net loss                                                                                                 |   | $                 | (299,095 | )      |                                       | $      | (318,483 | ) |
|    Adjustments to reconcile net loss to     net cash used in operating activities: |   |              |     |   |                                       |   |   |   |
|         Depreciation                                                               |   |              | 1,739    |   |                                       |   | 1,739 |   |
|         Minority interest                                                          |   |              | 1,657    |   |                                       |   | 1,657 |   |
|         Accrued expenses – stockholder                                       |   |              | 23,316   |   |                                       |   | 37,508 |   |
|         Accrued expenses – consulting fees                                   |   |              | 60,000   |   |                                       |   | 60,000 |   |
|         Shares issued for professional services                                    |   |              | --       |   |                                       |   | 1,910 |   |
|         Accounts payable                                                           |   |              | 27,842   |   |                                       |   | 31,028 |   |
|         Accounts receivable                                                        |   |              | (638     | )      |                                       |   | (638 | ) |
|         Non-cash compensation expense                                              |   |              | 2,000    |   |                                       |   | 2,000 |   |
|         Equity-settled share-based payment                                         |   |              | 300      |   |                                       |   | 300 |   |
|        Accrued compensation                                                             |   |              | 120,000  |   |                                       |   | 120,000 |   |
|                                                                                                                       |   |              |     |   |                                       |   |   |   |
| Net cash used in operating activities                                                                                      |   |              | (62,879  | )      |                                       |   | (62,979 | ) |
|                                                                                                                       |   |              |     |   |                                       |   |   |   |
| Investing activities:                                                                                                      |   |              |     |   |                                       |   |   |   |
|    Purchase of equipment                                                                                    |   |              | (32,339  | )      |                                       |   | (32,339 | ) |
|    Purchase of interest in equity-     accounted investee                          |   |              | (568     | )      |                                       |   | (568 | ) |
|                                                                                                                       |   |              |     |   |                                       |   |   |   |
| Net cash used in investing activities                                                                                      |   |              | (32,907  | )      |                                       |   | (32,907 | ) |

----

|                                                                                                                                       |   | Year EndedDecember 31, 2006 |    |   | Period of Inception(July 23, 2004) throughDecember 31, 2006 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|-------------------------------------------------------------|--------|
| Financing activities:                                                                                                                      |   |                        |    |   |                                                        |   |
|    Proceeds from increase in bank     overdrafts                                                   |   |                        | 33,397  |   |                                                        |   | 33,397 |   |
|    Proceeds from stock issued for cash                                                                                      |   |                        | 164,700 |   |                                                        |   | 164,800 |   |
|    Repayment of other loans                                                                                                 |   |                        | (43,855 | )      |                                                        |   | (43,855 | ) |
|    Loan from majority stockholder                                                                                           |   |                        | (11,447 | )      |                                                        |   | (11,447 | ) |
|    Loan from equity-accounted investee                                                                                      |   |                        | 568     |   |                                                        |   | 568 |   |
|    Loans from key management     personnel                                                         |   |                        | (596    | )      |                                                        |   | (596 | ) |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Net cash provided by financing activities                                                                                                  |   |                        | 142,767 |   |                                                        |   | 142,867 |   |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Increase in cash and cash equivalents                                                                                                      |   |                        | 46,981  |   |                                                        |   | 46,981 |   |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Cash and cash equivalents,  beginning of period                                                                                  |   |                        | --      |   |                                                        |   | -- |   |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Effects of exchange rate changes on  balance of cash held in foreign  currencies                                       |   |                        | (1,418  | )      |                                                        |   | (1,418 | ) |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Cash and cash equivalents,  end of period                                                                                        |   | $                           | 45,563  |   |                                                        | $      | 45,563 |   |
|                                                                                                                                       |   |                        |    |   |                                                        |   |   |   |
| Supplementary schedule of cash flow activities:                                                                                            |   |                        |    |   |                                                        |   |   |   |
|    Non-cash investing and financing     activities:                                                |   |                        |    |   |                                                        |   |   |   |
|       Issuance of common stock for        payment of consulting fees |   | $                           | --      |   |                                                        | $      | 1,900 |   |

----

|                                                                                                       |   | Year EndedDecember 31, 2006 |   |   | Period of Inception(July 23, 2004) throughDecember 31, 2006 |   |
|------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|--------|-------------------------------------------------------------|--------|
| Issuance of common stock for    purchase of intellectual property                           |   | $                           | 4,500  |   |                                                        | $      | 4,500 |   |
| Issuance of common stock for    purchase of subsidiary                                      |   | $                           | 2,500  |   |                                                        | $      | 2,500 |   |
| Issuance of common stock for    payment of management and    consulting fees |   | $                           | 300    |   |                                                        | $      | 300 |   |
| Non-cash compensation    expense                                                            |   | $                           | 2,000  |   |                                                        | $      | 2,000 |   |

----

----

----

|   | Motor vehicles     |   5 years                         |
|--------|--------------------|---------------------------------------------|
|   | Furniture          | 15 years                                    |
|   | Computer equipment |       3 years |

----

----

----

| Name of Company         |   | Principal Activity |   | Location |   | Proportion of OwnershipInterest and Voting PowerHeld at December 31, 2006 |
|-------------------------|--------|--------------------|--------|----------|--------|---------------------------------------------------------------------------|
|                    |   |               |   |     |   |                                                                      |
| Impact Active Team Ltd. |   | Consulting         |   | Israel   |   | 100%                                                                      |
| TPDS Ltd                |   | Medical            |   | Israel   |   | 69%                                                                       |

|                            |   | Computers |   |   | Vehicles |   |   | Total  |   |
|---------------------------------|--------|-----------|--------|--------|----------|--------|--------|--------|--------|
| Balance as of December 31, 2005 |   | $         | --     |   |     | $      | --     |   |   | $ | -- |   |
|                            |   |      |   |   |     |   |   |   |   |   |   |   |
|  Capital expenditure       |   |      | 860    |   |     |   | 31,479 |   |   |   | 32,339 |   |
|  Depreciation              |   |      | (47    | )      |     |   | (1,692 | )      |   |   | (1,739 | ) |
|                            |   |      |   |   |     |   |   |   |   |   |   |   |
| Balance as of December 31, 2006 |   | $         | 813    |   |     | $      | 29,787 |   |   | $ | 30,600 |   |

| Investment in Equity-Accounted Investee at January 1, 2006    |   | $      | --        |   |
|---------------------------------------------------------------|--------|--------|-----------|--------|
|                                                          |   |   |      |   |
| Acquisitions                                                  |   |   |  568 |   |
|                                                          |   |   |      |   |
| Investment in Equity-Accounted Investee at December 31, 2006: |   | $      | 568       |   |

|                                                | Stockholding |
|-----------------------------------------------------|--------------|
|                                                |         |
| Meizam – Advanced Enterprise Center Arad Ltd. | 45%          |

|                                            |   | 2006   |    |   | 2005   |   |
|-------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                            |   |   |    |   |   |   |
| Key management personnel                        |   | $      | 119,404 |   |   | $      | -- |   |
| Equity-Accounted Investee                       |   |   | 568     |   |   |   | -- |   |
| Majority Stockholder (as defined under Note 10) |   |   | 86,061  |   |   |   |  14,192 |   |
|                                            |   |   |    |   |   |   |   |   |
|                                            |   | $      | 206,033 |   |   | $      | 14,192 |   |

----

| · | have equal ratable rights to dividends from funds legally available for payment of dividends when, and if declared by the board of directors; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| · | are entitled to share ratably in all of the assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | do not have preemptive, subscription or conversion rights, or redemption or access to any sinking fund and; |
|--------|-------------------------------------------------------------------------------------------------------------|

| · | are entitled to one non-cumulative vote per share on all matters submitted to stockholders for a vote at any meeting of stockholders. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

----

| Income tax benefit at statutory rate |   | $      | (104,683 | )      |
|--------------------------------------|--------|--------|----------|--------|
| Valuation allowance                  |   |   | 104,683  |   |
|                                 |   |   |     |   |
| Total                                |   | $      | --       |   |

----

| Pangea Investments GmbH                       | Majority Stockholder of Andain, Inc. |
|-----------------------------------------------|--------------------------------------|
| Impact Active Team Ltd.                       | Israeli, wholly-owned subsidiary     |
| TPDS Ltd.                                     | Israeli, majority-owned subsidiary   |
| Meizam - Advanced Enterprise Center Arad Ltd. | Israeli, Equity-Accounted Investee   |
| Sam Elimelech                                 | Director of Andain, Inc.             |
| Gai Mar-Chaim                                 | Director of Andain, Inc.             |

|                                |   | 2006   |     |   | 2005   |   |
|-------------------------------------|--------|--------|----------|--------|--------|--------|
|                                |   | $      |     |   | $      |   |
| Income statements:                  |   |   |     |   |   |   |   |
| Compensation expenses               |   |   | 2,000    |   |   |   | -- |   |
| Directors’ remuneration       |   |   | 120,000  |   |   |   | -- |   |
| Management fees                     |   |   | 60,000   |   |   |   | -- |   |
| Legal fees                          |   |   | 20,000   |   |   |   | 10,020 |   |
|                                |   |   |     |   |   |   |   |   |
| Balance sheet:                      |   |   |     |   |   |   |   |   |
| Loan from Equity-Accounted Investee |   |   | (568     | )      |   |   | -- |   |
| Loan from Majority Stockholder      |   |   | (86,061  | )      |   |   | -- |   |
| Loans from key management personnel |   |   | (119,404 | )      |   |   | -- |   |

----

| Number | Description                                                                                                                                                                                                                      |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                             |
| 3.1    | Articles of Incorporation, dated July 14, 2004 (incorporated by reference to Exhibit 3.1 of the Form 10-SB filed on March 24, 2005).                                                                                             |
|   |                                                                                                                                                                                                                             |
| 3.2    | Bylaws, dated August 1, 2004 (incorporated by reference to Exhibit 3.2 of the Form 10-SB filed on March 24, 2005).                                                                                                               |
|   |                                                                                                                                                                                                                             |
| 10.1   | Affiliation Agreement between the Impact Active Team Ltd. and P.O.C. High-Tech (1992) Ltd. Corporation, dated June 23, 2004 (incorporated by reference to Exhibit 10.8 of the Form SB-2 filed on February 13, 2007).             |
|   |                                                                                                                                                                                                                             |
| 10.2   | Consulting Agreement between the Company and Dr. Leonid Lurya, dated May 16, 2006 (incorporated by reference to Exhibit 10.2 of the Form 10-K filed on December 30, 2010).                                                       |
|   |                                                                                                                                                                                                                             |
| 10.3   | Share Purchase Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (not including Schedule 1, Disclosure Schedule) (incorporated by reference to Exhibit 10.1 of the Form 8-K filed on July 5, 2006). |
|   |                                                                                                                                                                                                                             |
| 10.4   | Technology Purchase Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (incorporated by reference to Exhibit 10.2 of the Form 8-K filed on July 5, 2006).                                            |
|   |                                                                                                                                                                                                                             |
| 10.5   | Finder’s Fee Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (incorporated by reference to Exhibit 10.5 of the Form 8-K filed on July 5, 2006).                                             |
|   |                                                                                                                                                                                                                             |
| 10.6   | Consulting Agreement between the Company and Pangea Investments GmbH, dated July 3, 2006 (incorporated by reference to Exhibit 10.3 of the Form 8-K filed on July 5, 2006).                                                      |
|   |                                                                                                                                                                                                                             |
| 10.7   | Business Development Services Agreement between the Company and Pangea Investments GmbH, dated July 3, 2006 (incorporated by reference to Exhibit 10.4 of the Form 8-K filed on July 5, 2006).                                   |
|   |                                                                                                                                                                                                                             |
| 10.8   | Employment Agreement between the Company and Sam Elimelech, dated July 3, 2006 (incorporated by reference to Exhibit 10.6 of the Form 8-K filed on July 5, 2006).                                                                |
|   |                                                                                                                                                                                                                             |
| 10.9   | Employment Agreement between the Company and Gai Mar-Chaim, dated July 3, 2006 (incorporated by reference to Exhibit 10.7 of the Form 8-K filed on July 5, 2006).                                                                |

----

| 10.10  | Consulting Agreement between the Company and Meizam - Advanced Enterprise Center Arad Ltd., dated October 25, 2006 (incorporated by reference to Exhibit 10.10 of the Form 10-K filed on December 30, 2010). |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                         |
| 10.11  | Regulation S Stock Purchase Agreement between the Company and 1568934 Ontario Limited, dated July 19, 2006 (filed herewith).                                                                                 |
|   |                                                                                                                                                                                                         |
| 16.1   | Letter on Change in Certifying Accountant (incorporated by reference to Exhibit 16 of the Form 8-K filed on January 5, 2006).                                                                                |
|   |                                                                                                                                                                                                         |
| 16.2   | Letter on Change in Certifying Accountant (incorporated by reference to Exhibit 16 of the Form 8-K filed on November 5, 2010).                                                                               |
|   |                                                                                                                                                                                                         |
| 21     | Subsidiaries of the Company (incorporated by reference to Exhibit 21 of the Form 10-QSB filed on November 20, 2006).                                                                                         |
|   |                                                                                                                                                                                                         |
| 31.1   | Rule 13a-14(a)/15d-14(a) Certification of Sam Shlomo Elimelech (filed herewith).                                                                                                                             |
|   |                                                                                                                                                                                                         |
| 31.2   | Rule 13a-14(a)/15d-14(a) Certification of Gai Mar-Chaim (filed herewith).                                                                                                                                    |
|   |                                                                                                                                                                                                         |
| 32     | Section 1350 Certification of Sam Shlomo Elimelech and Gai Mar-Chaim (filed herewith).                                                                                                                       |

----

----