SECURITIES
      AND EXCHANGE COMMISSION


WASHINGTON,
      D.C. 20549









FORM
      10-KSB







(Mark
      One)


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




For
      the
      fiscal year ended December 31, 2007


OR


[     ]
            TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934.


For
                the transition period from _________ to _________





Commission
      file number   000-52407







ENVIROSAFE
      CORPORATION


(Name
      of
      Small Business Issuer in Its Charter)







DELAWARE                                                                                                                            94-3251254


(State
      or
      Other Jurisdiction
      of                                                                                                           
   (I.R.S. Employer Incorporation or
        Organization)                                                                                                           
  Identification
        No.)


16
      NANER STREET, WANSHOU ROAD, SUITE 602


HAIZHU
      DISTRICT, GUANGZHOU,
      P.R. CHINA


(Address
      of Principal Executive Office)(Zip Code)





(954)
      424-2345


(Issuer’s
      Telephone Number, Including Area Code)




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


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


Common
      Stock, par value $.0001 per share


Preferred
      Stock, par value $.0001 per share


(Title
      of
      Class)








1




Check
      whether the issuer is not required to file reports pursuant to Section 13 or
      15(d) of the Exchange Act.  [  ]





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





Check
      whether the issuer: (1) filed all reports required to be filed by Sections
      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
      [X]   No [   ]





Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B contained in this form, 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-KSB or any
      amendment to this Form 10-KSB.   [X]





Issuer’s
      revenues for its most recent fiscal year were $-0-.





The
      aggregate market value of the issuer’s Common Stock held by non-affiliates
      (1,509,122 shares) was approximately $354,644, based on the average closing
      bid
      and ask price for the Common Stock on April 11, 2008.





As
      of
      April 11, 2008, there were outstanding 2,141,375shares
      of the
      issuer’s Common Stock, par value $.0001.





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




CAUTIONARY
      STATEMENT REGARDING FORWARD LOOKING INFORMATION




The
      discussion contained in this 10-KSB under the Securities Exchange Act of 1934,
      as amended, (the “Exchange Act”) contains forward-looking statements that
      involve risks and uncertainties. The issuer’s actual results could differ
      significantly from those discussed herein. These include statements about our
      expectations, beliefs, intentions or strategies for the future, which we
      indicate by words or phrases such as “anticipate,” “expect,” “intend,” “plan,”
“will,” “we believe,” “the Company believes,” “management believes” and similar
      language, including those set forth in the discussion under “Description of
      Business,” including the “Risk Factors” described in that section, and
“Management’s Discussion and Analysis or Plan of Operation” as well as those
      discussed elsewhere in this Form 10-KSB.  We base our forward-looking
      statements on information currently available to us, and we assume no obligation
      to update them. Statements contained in this Form 10-KSB that are not historical
      facts are forward-looking statements that are subject to the “safe harbor”
created by the Private Securities Litigation Reform Act of 1995.




2




TABLE
        OF CONTENTS
  Part  I
  Item                       Page
  1.      
Description
        of
        Business ........................................................................................................................................................................4
 2.      
Description
        of
        Property ........................................................................................................................................................................4
 3.      
Legal
        Proceedings ...............................................................................................................................................................................4
 4.      
Submission
        of Matters to a Vote of Security
        Holders..............................................................................................................................4
  Part  II
  5.      
Market
        for Common Equity and Related
        Stockholder..............................................................................................................................5
 6.      
Management’s
        Discussion and Analysis or Plan of
        Operation ..................................................................................................................5
 7.      
Financial
        Statements  ............................................................................................................................................................................6
 8.      
Changes
        in and Disagreements with Accountants on
        Accounting and Financial
        Disclosure.......................................................................14
 8A.   
        Controls and
        Procedures........................................................................................................................................................................14
 8B.    Other
        Information .................................................................................................................................................................................14
  Part  III
  9.      
Directors,
        Executive Officers, Promoters and Control Person;
        Compliance  with
        Section 16(a) of  the
        Exchange Act ..................................15
 10.    
Executive
        Compensation.......................................................................................................................................................................15
 11.    
Security
        Ownership of Certain Beneficial Owners and Management and
        Related Stockholder
        Matters ......................................................15
 12.   
Certain
        Relationships and Related
        Transactions.......................................................................................................................................15
 13.   
Exhibits
        and
        Reports on Form
        8-K.......................................................................................................................................................... 15
 14.   
Principal
        Accountant Fees and
        Services.................................................................................................................................................. 15
  Other
  Index
        to
        Exhibits................................................................................................................................................................................... 16
 Signature
        Page......................................................................................................................................................................................17
 
 3
 Table
            of Contents




PART  I




Item
      1. Description of Business




History




We
      were
      incorporated in the state of Delaware in 1996. We were formed to produce a
      comprehensive suite of disinfecting, cleaning, and bioremediation products
      for
      the consumer, commercial, institutional and municipal markets. We were not
      successful in developing this business model and had very limited
      revenues.





In
      2007, former management resigned
      and was replaced by a new board and new officers and directors. Recognizing
      the
      need to increase
      shareholder  value,  the  new  Board was
      determined that the only way to enhance
      shareholder  value  was  to  seek  potential  business
      opportunities and effect a
      business  combination  with  a target business
      with significant growth potential
      which,  in  the  opinion  of  our
      management, could provide a profit to both the Company and our
      shareholders.





As
      of March 4, 2008, we executed a Plan
      of Exchange (the "Agreement"), between and among us, ADDE EDUCATION HLDS LTD.,
      a
      corporation organized and existing under the laws ofHong
      KongSpecial Administrative
      Region of
      People’s
      Republic of China("ADDE"), the
      shareholders of ADDE (the "ADDE Shareholders") and our majority shareholder
      (the
      "EVSF Shareholders").




Pursuant
      to the terms of the Agreement, the transaction will not immediately close but
      shall be conditioned upon: (1)
      EVSF shall eliminate all know or potential liabilities of EVSF as of the closing
      date. This shall include, but is not limited to, any accounts payable, accrued
      expenses, as well as any liabilities shown on its annual report for the fiscal
      year of 2007 in
      FORM 10-KSB filed with the Securities and Exchange Commission prior
      to the
      closing; (2)
      EVSF  and EVSF shareholders shall pledge that any expenses concerning
      any known or unknown lawsuits, legal disputes or any correlation expenses caused
      by original EVSF
      Corporation and their shareholders, EVSF shall undertake full responsibility
      and
      afford the correlation expenses after theclosing.A
      comfort letter
      referencing  EVSF prepared by a third party law firm confirming that
      to the best of their knowledge after reasonable due diligence, EVSF has no
      pending or threatened litigation; (3) a deposit of 632,253 shares of common
      stock of EVSF into the escrow account of Greentree Financial Group, Inc.
      ("Escrow Agent") in exchange for the cash payment of $260,000 and $260,000
      promissory note made by ADDE Shareholders to Guoqiang Zhan ("Mr. Zhan"), the
      new
      president of EVSF, which shall also be simultaneously deposited into the escrow
      account of escrow agent, (4) the issuance of 20,000,000 new shares of common
      stock and 1,350,000 new shares of preferred stock of EVSF to the ADDE
      shareholders, which should take no longer than 60 days, (5) the resignation
      of
      Mr. Zhan from the board of directors and as officer of EVSF and appointment
      of
      his successor(s) as designated by ADDE and/or the ADDE Shareholders, (6) a
      pledge of 10,000,000 shares of EVSF common stock to be used as collateral on
      the
      above mentioned promissory note, (7) a fully executed guarantee of the
      promissory note from EVSF in favor of Mr. Zhan. Upon completion of the exchange,
      ADDE will be our 100% owned subsidiary.




Upon
      the
      delivery of 20,632,253 shares of common stock (including 632,253 common shares
      from the EVSF Shareholders), and 1,350,000 new shares of our preferred stock,
      to
      ADDE Shareholders, ADDE Shareholders will hold a 'controlling interest' in
      us
      representing approximately 93.2% of the then issued and outstanding our common
      shares. Furthermore, the designees of ADDE will be appointed to the Board of
      Directors after the closing. Subsequent to the appointment of ADDE designees,
      our current management will resign from the Board of Directors.




We
      have
      agreed to use our best efforts to insure the escrow conditions under the escrow
      agreement will be satisfied as promptly as practicable so that the closing
      conditions under the agreement will occur. We expect that the closing will
      occur
      in the second quarter of 2008. An additional current report on Form 8-K will
      be
      filed after the closing.





If
      we are successful with the closing
      of this transaction, we will provide the detailed business description and
      audited financials of the acquired company within the time periods proscribed
      by
      the federal securities laws.




Going
      Concern Issues




As
      shown in our financial statements,
      we suffered recurring losses from operations to date. We experienced a loss
      of
      ($233,606) for 2007, a net stockholders’ deficit of $10,000 and a net working
      capital deficit of ($10,000) at December 31, 2007. These factors raise
      substantial doubt about our ability to continue as a going concern. Our ability
      to continue as a going concern will depend on many factors. Pending the
      successful closing of the above transaction, of which there can be no assurance,
      there will be a continuing need to raise additional equity capital in order
      to
      improve liquidity and develop operations.




Item
      2. Description of Property




The
      Company currently does not own or
      lease any property.




Item
      3. Legal Proceedings




None




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




No
      matter
      was submitted during the fourth quarter of the fiscal year covered by this
      report to a vote of security holders, through the solicitation of proxies or
      otherwise.




4
 Table
          of Contents




PART  II






Item
                5.
            Market
                for Common Equity and Related and
                Stockholder




Market
      for Common Stock




Our
      Common Stock is quoted on the Over the Counter Bulletin Board quotation service,
      a service maintained by The NASDAQ Stock Market, Inc., under the symbol
“EVSF.OB”. Trading in our common stock has been limited and sporadic and the
      quotations set forth below are not necessarily indicative of actual market
      conditions. Further, these quotations reflect inter-dealer prices, without
      retail mark-up, markdown, or commission, and do not necessarily reflect actual
      transactions. Set forth below is the range high and low bid information for
      our
      common stock for each quarter of the years ended December 31, 2007 and
      2006.




High
            
            
            Low2007Quarter
                Ended March 31, 2007
            
            $
            0.01
            
            
            $
            0.05Quarter
                Ended June 30, 2007
            
            $
            0.20
            
            
            $
            0.45Quarter
                Ended September 30, 2007
            
            $
            0.10
            
            
            $
            0.25Quarter
                Ended December 31, 2007
            
            $
            0.10
            
            
            $
            0.20High
            
            
            Low2006Quarter
                Ended March 31, 2006
            
            $
            0.06
            
            
            $
            0.01Quarter
                Ended June 30, 2006
            
            $
            0.11
            
            
            $
            0.02Quarter
                Ended September 30, 2006
            
            $
            0.04
            
            
            $
            0.01Quarter
                Ended December 31, 2006
            
            $
            0.02
            
            
            $
            0.004




On
      April
      11, 2008, the closing price of our Common Stock was $.21 per share.




As
      of
      April 11, 2008, there were approximately 125 stockholders of record of our
      common stock. Our registrar and transfer agent is Guardian Registrar &
Transfer Agency, Inc., located at 7951 S.W. 6th
      Street,
      Suite #216, Plantation, Florida, 33324. Their telephone number is (954)
      915-0105, and their facsimile number is (954) 449-0582.




Limited
      Market for Common Stock




There
      is
      currently a limited trading market for our shares of Common Stock, and there
      can
      be no assurance that a more substantial market will ever develop or be
      maintained. Any market price for our shares of Common Stock is likely to be
      very
      volatile, and numerous factors beyond our control may have a significant adverse
      effect.  In addition, the stock markets generally have experienced,
      and continue to experience, extreme price and volume fluctuations which have
      affected the market price of many small capital companies and which have often
      been unrelated to the operating performance of these companies.  These
      broad market fluctuations, as well as general economic and political conditions,
      may also adversely affect the market price of our Common Stock. Further, there
      is no correlation between the present limited market price of our Common Stock
      and our revenues, book value, assets or other established criteria of value.
      The
      present limited quotations of our Common Stock should not be considered
      indicative of the actual value of the Company or our Common Stock.




Dividends




We
      have
      not paid any cash dividends to date and does not anticipate or contemplate
      paying cash dividends in the foreseeable future until earnings would generate
      funds in excess of those required to provide for our growth needs.We currently
      intend to retain any future earnings to fund the development and growth of
      our
      business.




Recent
      Sales of Unregistered Securities




On
        June
        20, 2007, the Company issued 500,000 restricted shares of common stock to
        Bryan
        Kuskie for the services rendered. The fair value of this restricted stock
        issuance was determined using the fair value of the Company’s common stock on
        the grant date, at a price of $0.30 per share.  The Company
        calculated a stock-based compensation cost of $150,000 and recognized in
        full
        for the second quarter of 2007.
  During
        the fourth quarter of 2007, we
        issued 500,000 shares of common stock to Greentree Financial Group, Inc.
        for
        services rendered in connection with the assistance and preparation of documents
        filed with the Securities and Exchange Commission and other
        contracts.


Item
      6. Management’s Discussion and Analysis or Plan of
      Operation




Introduction
      and Plan of Operation




We
      are a shell company with no assets
      and nominal operations as our former business was unsuccessful.




Year
      Ended December 31, 2007 Compared to Year Ended December 31, 2006




We
      tried to pursue marketing relations
      for our products. These relationships were not established, and no revenues
      were
      recorded. We are forced to seek the sale of our securities to generate funds
      to
      carry on our operations. Sales were $-0- in 2007 and $-0- in 2006. Losses
      decreased from $765,161 in 2006 to $233,606 in 2007. Such decrease was due
      primarily to an decrease in professional fees from $717,048 in 2006 to $207,000
      in 2007, each resulting from the private financings and for professional
      services received.




Liquidity




Capital
      raises through the sale of shares support our existence. Our working capital
      deficit has decreased from ($108,456) at December 31, 2006 to ($10,000) at
      December 31, 2007, and stockholders’ equity improved from a deficit of
      ($104,331) to ($10,000) for the same periods. The primary reason for the
      improvement in 2007 was due to fewer shares issued for services in
      2007.




5
 Table
          of Contents




Item
      7. Financial Statements




CONTENTS
 
  INDEPENDENT
        AUDITOR’S REPORT....................................................7
  BALANCE
        SHEET...............................................................................8
  STATEMENTS
        OF OPERATIONS...........................................................9
  STATEMENTS
        OF CASH FLOWS...........................................................10
  STATEMENT
        OF STOCKHOLDERS’ DEFICIT...........................................11
  NOTES
        TO FINANCIAL
        STATEMENTS...................................................12-13
  6
 Table
            of Contents
  REPORT
        OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
        FIRM
  To
        the Board of Directors and Stockholders
 Envirosafe
        Corporation
  I
        have audited the accompanying balance sheet of Envirosafe Corporation as
        of
        December 31, 2007, and the related statements of operations, stockholders’
deficit and comprehensive income, and cash flows for the years ended December
        31, 2007 and 2006. These financial statements are the responsibility of the
        company’s management. My responsibility is to express an opinion on these
        financial statements based on my 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 audit to obtain reasonable assurance about whether the financial
        statements are free of material misstatement. An audit includes examining,
        on a
        test basis, evidence supporting the amounts and disclosures in the financial
        statements. An audit also includes assessing the accounting principles used
        and
        significant estimates made by management, as well as evaluating the overall
        financial statement presentation. I believe that my 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 Envirosafe Corporation as of
        December 31, 2007, and the results of its operations and its cash flows for
        the
        years ended December 31, 2007 and 2006 in conformity with accounting principles
        generally accepted in the United States of
        America.
  The
        accompanying financial statements have been prepared assuming the Company
        will
        continue as a going concern.  The Company has suffered recurring
        losses and has yet to generate an internal cash flow that raises substantial
        doubt about its ability to continue as a going concern.  Management’s
        plans in regard to these matters are described in Note D.  The
        financial statements do not include any adjustments that might result from
        the
        outcome of this uncertainty.
  /s/
        Traci J. Anderson,
        CPA
 Traci
        J. Anderson, CPA
 Huntersville,
        NC
 April
        10, 2008
  7
 Table
            of Contents


ENVIROSAFE
                  CORPORATIONBALANCE
                  SHEETDECEMBER
                  31,
                  2007AssetsCurrent
                  assets:Cash
                  and cash
                  equivalents
              
              $
              —Total
                  current
                  assets
              
              
              —Total
                  assets
              
              $
              —Liabilities
                  and Shareholders’
                  DeficitCurrent
                  liabilities:Accounts
                  payable and accrued expenses
              
              $
              10,000Total
                  current
                  liabilities
              
              
              10,000Commitments
                  and contingencies
                  (note 8)Shareholders’
                  deficit:Common
                  stock, $0.0001 par.
                  Authorized 500,000,000 shares;issued
                  and outstanding 2,141,375
                  shares at December 31, 2007
              
              
              214Preferred
                  stock, $0.0001 par.
                  Authorized 10,000,000 shares;no
                  shares issued and outstanding
                  at December 31, 2007
              
              
              —Additional
                  paid in
                  capital
              
              
              2,312,230Retained
                  deficit
              
              
              (2,322,444
              )Total
                  shareholders'
                  deficit
              
              
              (10,000
              )Total
                  liabilities and
                  shareholders’ deficit
              
              $
              0See
                  accompanying notes to
                  financial statements.




8
 Table
          of Contents




ENVIROSAFE
                  CORPORATIONSTATEMENTS
                  OF
                  OPERATIONSFOR
                  THE YEARS ENDED DECEMBER 31,
                  2007 AND 2006For
                  the
                  YearsEnded
                  December
                  31,2007
              
              
              2006REVENUESSales
              
              $
              -
              
              
              $
              -Cost
                  of
                  sales
              
              
              -
              
              
              
              -GROSS
                  PROFIT
              
              
              -
              
              
              
              -OPERATING
                  EXPENSESGeneral
                  and administrative
                  expenses
              
              
              62
              
              
              
              46,727Professional
                  fees
              
              
              233,544
              
              
              
              717,048TOTAL
                  OPERATING
                  EXPENSES
              
              
              233,606
              
              
              
              763,775OPERATING
                  (LOSS)
              
              
              (233,606
              )
              
              
              (763,775
              )OTHER
                  INCOME
                  (EXPENSE)Interest
                  expense
              
              
              -
              
              
              
              (1,386
              )NET
                  (LOSS) BEFORE
                  TAXES
              
              
              (233,606
              )
              
              
              (765,161
              )NET
                  (LOSS)
              
              $
              (233,606
              )
              
              $
              (765,161
              )NET
                  LOSS PER COMMON
                  SHAREBasic
                  and fully
                  diluted
              
              $
              (0.16
              )
              
              $
              (0.77
              )WEIGHTED
                  AVERAGE COMMON SHARES
                  OUTSTANDING
              
              
              1,462,953
              
              
              
              997,917The
                  accompanying notes are an
                  integral part of these financial
                  statements.




9
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          of Contents






ENVIROSAVE
                  CORPORATION
                CONSOLIDATED
                  STATEMENT OF
                  STOCKHOLDERS' EQUITYFOR
                  THE YEARS ENDED DECEMBER 31,
                  2007 AND 2006AdditionalCommon
                  Stock
              
              
              Paid-in
              
              
              RetainedShares
              
              
              Amount
              
              
              Capital
              
              
              DeficitBalances,
                  December 31,
                  2005
              
              
              99,958
              
              
              $
              10
              
              
              $
              693,121
              
              
              $
              (1,323,677
              )Issuance
                  of common stock for
                  services
              
              
              354,000
              
              
              
              35
              
              
              
              1,156,341
              
              
              
              -Issuance
                  of common stock for
                  cash
              
              
              45,000
              
              
              
              5
              
              
              
              134,995
              
              
              
              -Issuance
                  of common stock for stock
                  split
              
              
              498,958
              
              
              
              50
              
              
              
              (29,887
              )
              
              
              -Net
                  loss for the year ended
                  December 31, 2006
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (765,161
              )Balances,
                  December 31,
                  2006
              
              
              997,917
              
              
              $
              100
              
              
              $
              1,954,570
              
              
              $
              (2,088,838
              )Issuance
                  of common stock for
                  services
              
              
              1,143,458
              
              
              
              114
              
              
              
              357,660
              
              
              
              -Net
                  loss for the year ended
                  December 31, 2007
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (233,606
              )Balances,
                  December 31,
                  2007
              
              
              2,141,375
              
              
              $
              214
              
              
              $
              2,312,230
              
              
              $
              (2,322,444
              )*
                  Common stock amount and shares
                  have been retroactively restated herein for the 300 for one reverse
                  split
                  in 2007.The
                  accompanying notes are an
                  integral part of these consolidated financial
                  statements




10
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          of Contents




ENVIROSAFE
                  CORPORATIONSTATEMENTS
                  OF CASH
                  FLOWSFOR
                  THE YEARS ENDING DECEMBER 31,
                  2007 AND 20062007
              
              
              2006Cash
                  flows from operating
                  activities:Net
                  (loss)
              
              $
              (233,606
              )
              
              $
              (765,161
              )Adjustments
                  to reconcile net loss
                  to net cash (used in)operating
                  activities:Issuance
                  of common stock for
                  services rendered
              
              
              207,000
              
              
              
              1,156,376Write
                  off of
                  intangibles
              
              
              4,125
              
              
              
              —Changes
                  in operating assets and
                  liabilities:Inventory
              
              
              1,643
              
              
              
              (1,643
              )Accounts
                  payable and accrued
                  expenses
              
              
              (13,113
              )
              
              
              (481,835
              )Prepaid
                  expenses
              
              
              25,000
              
              
              
              (25,000
              )Net
                  cash (used) in operating
                  activities
              
              
              (8,951
              )
              
              
              (117,263
              )Cash
                  flows from investing
                  activities:Purchase
                  of
                  intangibles
              
              
              —
              
              
              
              (4,125
              )Net
                  cash (used in) investing
                  activities
              
              
              —
              
              
              
              (4,125
              )Cash
                  flows from financing
                  activities:Repayment
                  of notes
                  payable
              
              
              —
              
              
              
              (8,000
              )Proceeds
                  from issuance of common
                  stock
              
              
              —
              
              
              
              135,000Net
                  cash provided by financing
                  activities
              
              
              —
              
              
              
              127,000Net
                  increase (decrease) in cash
                  and cash equivalents
              
              
              (8,951
              )
              
              
              5,612Cash
                  and cash equivalents at
                  beginning of year
              
              
              8,951
              
              
              
              3,339Cash
                  and cash equivalents at end
                  of year
              
              $
              0
              
              
              $
              8,951Supplemental
                  disclosure of
                  non-cash information:Common
                  stock issued for
                  services
              
              $
              207,000
              
              
              $
              1,062,000Common
                  stock issued for accounts
                  payable
              
              $
              120,000
              
              
              $
              -See
                  accompanying notes to
                  financial statements.




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          of Contents
 ENVIROSAFE
          CORPORATION
 Notes
          to Audited Financial Statements
 For
          the Year Ended December 31, 2007
  NOTE
          A—SUMMARY OF
          SIGNIFICANT ACCOUNTING POLICIES
 
 Background—
          Envirosafe Corporation (The Company) was incorporated in the state of Delaware
          in 1996. The Company produces a comprehensive suite of disinfecting, cleaning,
          and bioremediation products for the consumer, commercial, institutional
          and
          municipal markets.
 
 Basis
          of
          Presentation—The financial statements included herein include the
          accounts of the Company prepared under the accrual basis of
          accounting.
 
 Cash
          and Cash
          Equivalents—For purposes of the Statement of Cash Flows, the Company
          considers liquid investments with an original maturity of three months
          or less
          to be cash equivalents.
 
 Management’s
          Use of
          Estimates—The preparation of financial statements in conformity with
          accounting principles generally accepted in the United States of America
          requires management to make estimates and assumptions that affect the reported
          amounts of assets and liabilities and disclosures of contingent assets
          and
          liabilities at the date of financial statements and the reported amounts
          of
          revenues and expenses during the reporting period.  Actual results
          could differ from those estimates.  Significant items subject to such
          estimates and assumptions include depreciation expense on property and
          equipment, valuation allowances for receivables and deferred income tax
          assets,
          and contract revenues.  Future changes in economic conditions may have
          a significant effect on such estimates made by management.
 
 Revenue
          Recognition—The Company recognizes revenue upon delivery of the products
          to its customer when title and risk of loss passes to the customer.
 
 Comprehensive
          Income
          (Loss)—The Company adopted Financial Accounting Standards Board Statement
          of Financial Accounting Standards (SFAS) No. 130, “Reporting Comprehensive
          Income”, which establishes standards for the reporting and display of
          comprehensive income and its components in the financial statements. There
          were
          no items of comprehensive income (loss) applicable to the Company during
          the
          periods covered in the financial statements.
 
 Marketing
          and Advertising
          Costs—The Company expenses the costs associated with marketing and
          advertising as incurred. Marketing, advertising, promotional expenses and
          product labeling were approximately $-0- and $37,736 for the years ended
          December 31, 2007 and 2006, respectively.
  Common
          Stock Issued For
          Other Than Cash—Services purchased and other transactions settled in the
          Company’s stock are recorded at the estimated fair value of the stock issued if
          that value is more readily determinable than the fair value of the consideration
          received.
  Stock-Based
          Compensation— The Company accounts for stock-based compensation using the
          fair value method of Financial Accounting Standard No. 123R. Common shares
          issued for services rendered by a third party (both employees and non-employees)
          are recorded at the fair value of the shares issued or services rendered,
          whichever is more readily determinable.
 
 Fair
          Value of Financial
          Instruments—The carrying amounts reported in the balance sheet for cash
          and cash equivalents, and accounts payable approximate fair value based
          on the
          short-term maturity of these instruments.
 
 Loss
          per Common
          Share—Statement of Financial Accounting Standard (SFAS) No. 128 requires
          dual presentation of basic and diluted earnings per share (EPS) with a
          reconciliation of the numerator and denominator of the EPS
          computations.  Basic earnings per share amounts are based on the
          weighted average shares of common stock outstanding.  If applicable,
          diluted earnings per share would assume the conversion, exercise or issuance
          of
          all potential common stock instruments such as options, warrants and convertible
          securities, unless the effect is to reduce a loss or increase earnings
          per
          share.  Accordingly, this presentation has been adopted for the period
          presented.  There were no adjustments required to net loss for the
          period presented in the computation of diluted earnings per share.
 
 Income
          Taxes—Income
          taxes are provided in accordance with Statement of Financial Accounting
          Standards (SFAS) No. 109, “Accounting for Income
          Taxes.”A deferred tax asset or liability is recorded for all
          temporary differences between financial and tax reporting and net operating
          loss-carryforwards.
 
 Deferred
          tax assets are reduced by a valuation allowance when, in the opinion of
          management, it is more likely than not that, and some portion or the entire
          deferred tax asset will not be realized.  Deferred tax assets and
          liabilities are adjusted for the effect of changes in tax laws and rates
          on the
          date of enactment.
 
 Concentration
          of Credit
          Risk—Financial instruments that potentially subject the Company to
          concentrations of credit risk consist principally of cash.  The
          Company’s cash is deposited with major banks and financial
          institutions.
 
 Impairment
          of Long-Lived
          Assets—In accordance with SFAS No. 144, the Company reviews and evaluates
          its long-lived assets for impairment whenever events or changes in circumstances
          indicate that their net book value may not be recoverable.  When such
          factors and circumstances exist, including those noted above, the Company
          compares the assets’ carrying amounts against the estimated undiscounted cash
          flows to be generated by those assets over their estimated useful lives.
          If the
          carrying amounts are greater than the undiscounted cash flows, the fair
          values
          of those assets are estimated by discounting the projected cash flows.
          Any
          excess of the carrying amounts over the fair values are recorded as impairments
          in that fiscal period.
  Recent
          Accounting
          Pronouncements— In February 2007, the FASB issued Statement of Financial
          Accounting Standard No. 159, “The Fair Value Option
          for Financial
          Assets and Financial Liabilities” (“SFAS No. 159”). This statement
          permits entities to choose to measure many financial instruments and certain
          other items at fair value. Companies should report unrealized gains and
          losses
          on items for which the fair value option has been elected in earnings at
          each
          subsequent reporting date. This statement is effective as of the beginning
          of an
          entity’s first fiscal year that begins after November 15, 2007. The Company is
          currently assessing the potential impact, if any, for the adoption of SFAS
          No.159 on its financial statements.
 
 In
          December 2007, the FASB issued two new statements: (a.) SFAS No. 141(revised
          2007), Business
          Combinations, and (b.) No. 160, Noncontrolling
          Interests in
          Consolidated Financial Statements. These statements are effective for
          fiscal years beginning after December 15, 2008 and the application of these
          standards will improve, simplify and converge internationally the accounting
          for
          business combinations and the reporting of noncontrolling interests in
          financial
          statements. The Company is in the process of evaluating the impact, if
          any, on
          SFAS 141 (R) and SFAS 160 and does not anticipate that the adoption of
          these
          standards will have any impact on its financial statements.
 
 (a.)  SFAS
          No. 141 (R) requires an acquiring entity in a business combination to:
          (i)
          recognize all (and only) the assets acquired and the liabilities assumed
          in the
          transaction, (ii) establish an acquisition-date fair value as the measurement
          objective for all assets acquired and the liabilities assumed, and (iii)
          disclose to investors and other users all of the information they will
          need to
          evaluate and understand the nature of, and the financial effect of, the
          business
          combination, and, (iv) recognize and measure the goodwill acquired in the
          business combination or a gain from a bargain purchase.
 
 (b.)
          SFAS
          No. 160 will improve the relevance, comparability and transparency of financial
          information provided to investors by requiring all entities to: (i) report
          noncontrolling (minority) interests in subsidiaries in the same manner,
          as
          equity but separate from the parent’s equity, in financial statements, (ii) net
          income attributable to the parent and to the non-controlling interest must
          be
          clearly identified and presented on the face of the statement of income,
          and
          (iii) any changes in the parent’s ownership interest while the parent retains
          the controlling financial interest in its subsidiary be accounted for
          consistently.
  12
 Table
              of Contents
 ENVIROSAFE
            CORPORATION
 Notes
            to
            Audited Financial Statements
 For
            the
            Year Ended December 31, 2007
 NOTE
          B—SUPPLEMENTAL CASH
          FLOW INFORMATION
 
 Supplemental
          disclosures of cash flow information for the years ended December 31, 2007
          and
          2006 is summarized as follows:
 
 Cash
          paid
          during the period for interest and income taxes:
 2007             2006
 Income
          Taxes                                               
$
          ---                
$ ---
 Interest                                                          $
          ---                
$1,386
 
 NON-CASH
          FINANCING
          ACTIVITIES: 2007             2006
 Common
          stock issued for services
          rendered             
$ 207,000         $
          555,376
 
 NOTE
          C—INCOME
          TAXES
 
 Due
          to
          the operating loss and the inability to recognize an income tax benefit
          there
          from, there is no provision for current or deferred federal or state income
          taxes for the years ended December 31, 2007 and 2006.
 
 Deferred
          income taxes reflect the net tax effects of temporary differences between
          the
          carrying amounts of assets and liabilities for financial reporting purposes
          and
          the amount used for federal and state income tax purposes.
 
 The
          Company’s total deferred tax asset, calculated using federal and state effective
          tax rates, as of December 31, 2007 is as follows:
 
 Total
          deferred tax assets
          (approximate)         $
          306,000
 Valuation
          allowance
          (approximate)                
(306,000)
 Net deferred tax
          asset                                    
$      ----
 =======
 
 The
          reconciliation of income taxes computed at the federal statutory income
          tax rate
          to total income taxes for the years ended December 31, 2007 and 2006 is
          as
          follows:
 2007                      
          2006
 Income
          tax computed at the federal statutory
          rate                                    40%40%
 Valuation
          allowance                                                                             
(40%)                   
          (40%)
 Total
          deferred tax
          asset                                                                        0%                    0%
 
 Because
          of the Company’s lack of earnings history, the deferred tax asset has been fully
          offset by a valuation allowance.  The valuation allowance increased
          (decreased) by approximately $10,000 and $209,785 for the years ended December
          31, 2007 and 2006.
  As
          of
          December 31, 2007, the Company has approximately $768,000 of net operating
          losses available that expire in various years through 2027.
 
 No
          tax
          benefits have been recorded for the nondeductible (tax) expenses (stock
          for
          services) totaling approximately $1,363,000.
 
 NOTE
          D—GOING
          CONCERN
 
 As
          shown
          in the accompanying audited financial statements, the Company has suffered
          recurring losses from operations to date. It experienced losses of $233,606
          and
          $765,161 during 2007 and 2006, respectively. The Company had a net deficiency
          of
          $2,322,444 and a working capital deficit of $10,000 as of December 31,
          2007.
          These factors raise substantial doubt about the Company’s ability to continue as
          a going concern.
 
 Management’s
          plans in regard to this matter are to raise equity capital and seek strategic
          relationships and alliances in order to increase sales in an effort to
          generate
          positive cash flow.  Additionally, the Company must continue to rely
          upon equity infusions from investors in order to improve liquidity and
          sustain
          operations. The financial statements do not include any adjustments that
          might
          result from the outcome of this uncertainty.
 
 NOTE
          E—SEGMENT
          REPORTING
 
 In
          June
          1997, the Financial Accounting Standards Board issued Statement of Financial
          Accounting Standards No. 131, “Disclosures about Segments
          of an
          Enterprise and Related Information.” This statement requires companies to
          report information about operating segments in interim and annual financial
          statements. It also requires segment disclosures about products and services,
          geographic areas and major customers.  The Company determined that it
          did not have any separately reportable operating segments as of December
          31,
          2007 or 2006.
 
 NOTE
          F—EQUITY
 
 In
          2006,
          the Company issued 399,000 shares of common stock as follows:
  
 243,333    —shares issued for consulting and executive
          services performed by the Company’s former CEO; valued at $730,000 or $.01
          per share, before 300  for
 
 110,666    —shares
          issued for professional services; valued at $426,376 or $.0129 per Share,
          before 300 for 1 split below.
 45,000     —shares
          issued for cash; $135,000 or $.01 per share (before the 300 for 1 split
          below).
  During
          2006, the Company authorized a 2 for 1 stock split for all shares. Furthermore,
          the Company increased it authorized shares of common stock from 30,000,000
          to
          500,000,000 and the par value decreased from $.001 to $.0001 per
          share.
 
 During
          2007, the Company authorized a 300 for 1 stock split of all of its
          shares.
 
 In
          2007,
          the Company issued 1,143,458 shares of common stock as follows:
 
 133,000      —shares
          issued for consulting and executive services performed by
          the
          Company’s CEO in 2006; valued at $120,000.
 10,000      —shares issued for professional
          services; valued at $7,000.
 500,000      —shares issued for consulting and
          executive services performed by
          the
          Company’s CEO in 2007; $150,000
 500,000     
          ---shares issued for consulting services; valued at $50,000.
 
 As
          of
          December 31, 2007, the Company also has 10,000,000 shares of preferred
          stock,
          $.0001 par value, authorized with none issued or outstanding.
 
 NOTE
          G—RELATED PARTY
          TRANSACTIONS
 
 During
          2006, the Company issued 243,333 post-split shares in common stock to its
          former
          CEO and former major shareholder as compensation for services during 2006
          and
          2005. The value of the common stock is $730,000.
 
 In
          2006,
          an officer of the corporation loaned an additional $3,000 to the Company.
          The
          demand note carries 6% interest. During 2006, the loans were repaid and
          the
          balance of the outstanding note payable is $-0-.
 
 During
          2007, the Company issued 500,000 shares of common stock to its form CEO
          and
          former majority shareholder as compensation for services during 2007. the
          value
          of the common stock is $150,000.
 
 NOTE
          H—COMMITMENTS
 
 The
          Company currently does not own or lease any property.
  NOTE
          I—SUBSEQUENT
          EVENT
 
 As
          of
          March 4, 2008, the Company executed a Plan of Exchange (the "Agreement"),
          between and among the Company, ADDE EDUCATION HLDS LTD., a corporation
          organized
          and existing under the laws ofHong
          Kong Special Administrative Region
          of People’s
          Republic of China("ADDE"),
          the
          shareholders of ADDE (the "ADDE Shareholders") and the Majority Shareholder
          of
          the Company (the "EVSF Shareholders").
  Pursuant
          to the terms of the Agreement, the transaction will not immediately close
          but
          shall be conditioned upon: (1)
          EVSF shall eliminate all know or potential liabilities of EVSF as of the
          closing
          date. This shall include, but is not limited to, any accounts payable,
          accrued
          expenses, as well as any liabilities shown on its annual report for the
          fiscal year of 2007
          in FORM 10-KSB filed with the Securities and Exchange Commission prior
          to the
          Closing; (2) EVSF  and EVSF shareholders shall pledge that any
          expenses concerning any known or unknown lawsuits, legal disputes or any
          correlation
          expenses caused by original
          EVSF Corporation and their shareholders, EVSF shall undertake full
          responsibility and afford the correlation expenses after the Closing.A
          comfort letter referencing  EVSF prepared by a third party law firm
          confirming that to the best of their knowledge after reasonable due diligence,
          EVSF has no pending or threatened litigation; (3) a deposit of 632,253
          shares of
          Common Stock of EVSF into the escrow account of Greentree Financial Group,
          Inc.
          ("Escrow Agent") in exchange for the cash payment of $260,000 and $260,000
          promissory note made by ADDE Shareholders to Guoqiang Zhan ("Mr. Zhan"),
          the
          president of EVSF, which shall also be simultaneously deposited into the
          escrow
          account of Escrow Agent, (4) the issuance of 20,000,000 new shares of Common
          Stock and 1,350,000 new shares of Preferred Stock of EVSF to the ADDE
          shareholders, which should take no longer than 60 days, (5) the resignation
          of
          Mr. Zhan from the board of directors and as officer of EVSF and appointment
          of
          his successor(s) as designated by ADDE and/or the ADDE Shareholders, (6)
          a
          pledge of 10,000,000 shares of EVSF common stock to be used as collateral
          on the
          above mentioned promissory note, (7) a fully executed guarantee of the
          promissory note from EVSF in favor of Mr. Zhan. Upon completion of the
          exchange,
          ADDE will be a 100% owned subsidiary of Company.
  Upon
          the
          delivery of 20,632,253 shares of Common Stock (including 632,253 common
          shares
          from the EVSF Shareholders), and 1,350,000 new shares of Preferred Stock
          of the
          Company, to ADDE Shareholders, ADDE Shareholders will hold a 'controlling
          interest' in the Company representing approximately 93.2% of the then issued
          and
          outstanding common shares of the Company. Furthermore, the designees of
          ADDE
          will be appointed to the Board of Directors after the Closing. Subsequent
          to the
          appointment of ADDE designees, the current management of the Company will
          resign
          from the Board of Directors.
  13
 Table
            of Contents




Item
                8.
            Changes
                in and Disagreements with Accountants on Accounting and
                Financial Disclosure




None.




Item
      8A. Controls and Procedures




We
      maintain disclosure controls and
      procedures designed to ensure that information required to be disclosed in
      reports filed under the Securities Exchange Act of 1934 (“Exchange Act”) is
      recorded, processed, summarized and reported within the specified time periods.
      Our Chief Executive Officer and Chief Financial Officer (collectively, the
      “Certifying Officers”) are responsible for maintaining our disclosure controls
      and procedures. The controls and procedures established by us are designed
      to
      provide reasonable assurance that information required to be disclosed by the
      issuer in the reports that it files or submits under the Exchange Act is
      recorded, processed, summarized and reported within the time periods specified
      in the Commission’s rules and forms.




As
      of the end of the period covered by
      this report, the Certifying Officers evaluated the effectiveness of our
      disclosure controls and procedures. Based on the evaluation, the Certifying
      Officers concluded that our disclosure controls and procedures were effective
      to
      provide reasonable assurance that information required to be disclosed by us
      in
      the reports that we file or submit under the Exchange Act is recorded,
      processed, summarized and reported, within the time periods specified in the
      applicable rules and forms, and that it is accumulated and communicated to
      our
      management, including the Certifying Officers, as appropriate to allow timely
      decisions regarding required disclosure.




The
      Certifying Officers have also
      concluded, based on their evaluation of our controls and procedures that as
      of
      December 31, 2007, our internal controls over financial reporting are effective
      and provide a reasonable assurance of achieving their objective.




The
      Certifying Officers have also
      concluded that there was no change in our internal controls over financial
      reporting identified in connection with the evaluation that occurred during
      our
      fourth fiscal quarter that has materially affected, or is reasonably likely
      to
      materially affect, our internal control over financial reporting.




Item
      8B. Other Information




None




14
 Table
          of Contents




PART  III




Item
                9.
            Directors,
                Executive Officers, Promoters and Control Persons;
                Compliance with
            Section
                16(a) of the Exchange Act.




Identification
      of Directors and Executive Officers




The
      following table sets forth the names and ages of our directors and executive
      officers, the positions and offices held with us, and the period during which
      each served in such positions and offices.  Each director and
      executive officer serves for a term of one (1) year and until his successor
      is
      duly elected and qualified.




DIRECTORS
      AND OFFICERS






Name                                           
      Age                      
Position                                           
      Period In
      Office







Guoqiang
      Zhan                                            
39                      
Director                                           
2007 - Present


Chief Executive Officer,


President,


Chief Financial Officer




The
      following is a summary of the business experience and other biographical
      information with respect to each of the Company’s officers and directors listed
      in the above-referenced table.




Guoqiang
      Zhan from 2007 has been our
      largest shareholder. He is also our President and Director. Mr. Zhan has been
      working in managerial positions in the areas of marketing, administration,
      and
      live performance planning. In 2005, Mr. Zhan successfully organized a Gala
      Charity Dinner Show “Concert 2005—Supporting Beijing Olympics Construction” in
      the China Hotel, a five-star Marriott alliance member in located in Guangzhou,
      China. His outstanding organizational and marketing expertise was instrumental
      to the success of the Gala Show and charity fund raiser (reaching RMB2 million).
      In 2006, Mr. Zhan organized and produced the 2006 New Year Celebration
      Concert—Sound of the Spirit in Shenyang, the capital city of Liaoning province
      in China. The symphony concert was extremely popular and received full support
      from the local government.




Audit
      Committee Financial Expert




We
      do not have a separately designated
      standing audit committee. The entire Board of Directors acts as an audit
      committee for the purpose of overseeing our accounting and financial reporting
      processes, and audits of the financial statements. The Commission recently
      adopted new regulations relating to audit committee composition and functions,
      including disclosure requirements relating to the presence of an “audit
      committee financial expert” serving on its audit committee. In connection with
      these new requirements, our Board of Directors examined the Commission’s
      definition of “audit committee financial expert” and concluded that we do not
      currently have a person that qualifies as suchan
      expert.  Presently, there are only one (1) directors serving on our
      Board, and we are not in a position at this time to attract, retain and
      compensate additional directors in order to acquire a director who qualifies
      as
      an “audit committee financial expert”, but we intend to retain an additional
      director who will qualify as such an expert, as soon as reasonably practicable.
      While our current director does not meet the qualifications of an “audit
      committee financial expert”, the director, by virtue of his past employment
      experience, has considerable knowledge of financial statements, finance, and
      accounting, and has significant employment experience involving financial
      oversight responsibilities. Accordingly, we believe that our current director
      capably fulfills the duties and responsibilities of an audit committee in the
      absence of such an expert.




Code
      of Ethics




We
      have adopted a code of ethics that
      applies to our principal chief executive officer, principal financial officer,
      principal accounting officer or controller, or persons performing similar
      functions (the “Code of Ethics”). The Code of Ethics is designed to deter
      wrongdoing, and to promote the following:




·
            Honest
                and ethical conduct,
                including the ethical handling of actual or apparent conflicts of
                interest
                between personal and professional
                relationships.




·
            Full,
                fair, accurate, timely and
                understandable disclosure in reports and documents that a small business
                issuer files with, or submits to, the Commission and in other public
                communications made by the small business
                issuer.




·
            Compliance
                with applicable
                governmental laws, rules and
                regulations.




·
            The
                prompt internal reporting of
                violations of the code to an appropriate person or persons identified
                in
                the code.




·
            Accountability
                for adherence to
                the code.




Section
      16(a) Beneficial Ownership Reporting Compliance




Under
      Section 16(a) of the Exchange
      Act, all executive officers, directors, and each person who is the beneficial
      owner of more than 10% of the common stock of a company that files reports
      pursuant to Section 12 of the Exchange Act, are required to report the ownership
      of such common stock, options, and stock appreciation rights (other than certain
      cash-only rights) and any changes in that ownership with the Commission.
      Specific due dates for these reports have been established, and we are required
      to report, in this Form 10-KSB, any failure to comply therewith during the
      fiscal year ended December 2007. We believe that all of these filing
      requirements were satisfied by our executive officer, director and by the
      beneficial owners of more than 10% of our Common Stock.




Item
      10. Executive Compensation




The
        following
        table sets forth certain information regarding the annual and long-term
        compensation for services in all capacities to us for the prior fiscal years
        ended December 31, 2007, 2006 and 2005, of those persons who were either
        the chief executive officer during the last completed fiscal year or any
        other
        compensated executive officers as of the end of the last completed fiscal
        year.


Summary
                Compensation TableAnnual
                CompensationName
                and Principal
                Position
            Year
            
            Salary
            
            
            Other
            
            
            StockAward
            
            
            OptionAward
            
            
            TotalBrian
              Kuskie, President and Director
            2007
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            150,000
            
            
            $
            -0-
            
            
            $
            150,002006
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-2005
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-Guoqiang
                Zhan, President and
              Chief
                Executive Officer
            2007
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-
            
            
            $
            -0-




*
      Brian
      Kuskie resigned from his positions with the Company in July of 2007 and Guoqiang
      Zhan was appointed as his replacement.




Employment
      Contracts




Guoqiang
      Zhan. There is no
      employment agreement in place for the year 2007 between us and Guoqiang Zhan,
      our Chief Executive Officer and President.




Stock
      Option Awards




There
      were no options granted to our Chief Executive Officer during 2007 or
      2006.




Item
      11. Security Ownership of Certain Beneficial Owners and
      Management and Related Stockholder Matters




The
      following table sets forth certain
      information regarding the beneficial ownership of our Common Stock as of April 11, 2008 (i) each person
      known
      to us to be the beneficial owner of more than 5% of our Common Stock, (ii)
      each
      director and executive officer, and (iii) all directors and executive officers
      as a group. As ofApril 11, 2008,there were 2,141,375shares
      of Common Stock issued and
      outstanding.




Name
                  and Address of
                  Beneficial Owner(1)
              
              Amount
                  and Nature
                of
                  BeneficialOwnership(2)(3)
              
              
              Percentage
                of
                  Class(4)Guoqiang
                  Zhan
                21205
                  Hickory Forest Way
                Germantown,
                  MD 20876
              
              
              632,253
              
              
              
              29.5
              %Officers
                  and directors as a group (1 person)
              
              
              632,253
              
              
              
              29.5
              %Greentree
                  Financial Group,
                  Inc.(4)
              
              
              500,000
              
              
              
              23.35
              %Brian
                  Kuskie
              
              
              516,667
              
              
              
              24.13
              %


(1)
            As
                used herein, a person is deemed to be the “beneficial owner” of a security
                if he or she has or shares voting or investment power with respect
                to such
                security, or has the right to acquire such ownership within sixty
                (60)
                days. As used herein, “voting power” includes the power to vote or to
                direct the voting of shares, and “investment power” includes the power to
                dispose or to direct the disposition of shares, irrespective of any
                economic interest therein.




(2)
            Except
                as otherwise indicated by footnote, the persons named in the table
                have
                sole voting and investment power with respect to all Common Stock
                beneficially owned by them.




(3)
            Percentage
                ownership for a given individual or group is calculated on the basis
                of
                (i) the amount of outstanding shares owned as of April 11, 2008 plus, (ii)
                the number
                of shares that such individual or group has the right to acquire
                within
                sixty (60) days pursuant to options, warrants, conversion privileges
                or
                other rights, of which none exist.




(4)
              Robert
                  C. Cottone and Michael Bongiovanni are the owners of Greentree
                  Financial
                  Group, Inc.  Mr. Cottone and Mr. Bongiovanni share equal voting
                  power over the investments of Greentree Financial Group, Inc.


Item
      12. Certain Relationships and Related Transactions




On
      July 18, 2007 the Registrant executed a written Guaranty of payments made by
      Si
      Chuan Da Zhu Fu Da Zhu Ma Fang Zhi You Xian Gong Si to help secure financing
      in
      order to finalize the share exchange between Si Chuan Da Zhu Fu Da Zhu Ma Fang
      Zhi You Xian Gong Si and the Registrant (the "Share Exchange").  The
      Guaranty was written for the benefit of R. Chris Cottone and guarantees payments
      pursuant to a promissory note executed by Si Chuan Da Zhu Fu Da Zhu Ma Fang
      Zhi
      You Xian Gong Si in the amount of $454,980. Pursuant to the terms of the
      Guaranty, the Registrant was responsible for payments under the promissory
      note
      in the event that Si Chuan Da Zhu Fu Da Zhu Ma Fang Zhi You Xian Gong Si did
      not
      or could not make timely payments. Additionally, the loan was secured by the
      30,632,250 shares acquired as part of the exchange transaction.





Si
      Chuan Da Zhu Fu Da Zhu Ma Fang Zhi You Xian Gong Si defaulted on the promissory
      note for failure to make timely payments thereunder.  Pursuant to the
      Guaranty, the Registrant was liabile for the debt of Si Chuan Da Zhu Fu Da
      Zhu
      Ma Fang Zhi You Xian Gong Si.





The
      Registrant and R. Chris Cottone reached an agreement to settle the obligations
      created under the Guaranty.  In settlement of the obligations under
      the Guaranty, R. Chris Cottone received a payment of $150,000 cash and $232,000
      in debt owed by R.Chris Cottone to Guoqiang Zhan was extinguished in exchange
      for a complete release from the obligations under the Guaranty and the reversion
      of 30,632,250 shares of the Registrant then held by R.Chris Cottone as
      collateral pursuant to the financing agreements.





In
      addition, the Registrant decided it was in the best interest of all parties
      to
      unwind the Share Exchange with Si Chuan Da Zhu Fu Da Zhu Ma Fang Zhi You Xian
      Gong Si.  The 30,632,250 shares being held as collateral reverted back
      to the Registrant they were retired to the treasury and the capital of Si Chuan
      Da Zhu Fu Da Zhu Ma Fang Zhi You Xian Gong Si also reverted back to its previous
      state prior to the Share Exchange so the Registrant could continue their
      business operations prior to that transaction.




Item
      13. Exhibits and Reports on Form 8-K




(a)   Exhibits.  The
      exhibit list required by Item 13 of Form 10-KSB is provided in the “Index to Exhibits”
located herein,
      immediately following Item 14.




(b)
            Reports
                on Form 8-K
                Filed in Last Quarter of Fiscal Year 2007.  An 8-K and
                related amendment was issued during the fourth quarter of 2007 with
                respect to the issuance of 500,000 shares of our common stock to
                a
                consulting firm for services rendered in
                2007.




Item
      14. Principal Accountant Fees and Services




Fees
      Billed For Audit and Non-Audit Services




The
      following table represents the
      aggregate fees billed for professional audit services rendered to us by Traci
      J.
      Anderson, CPA for the years 2006 and 2007 and all fees billed for other services
      rendered by Traci J. Anderson, CPA during those periods.




Year
                Ended December
                31,
            
            2007
            
            
            2006Audit
                Fees (1)
            
            $
            10,000
            
            
            $
            10,000Audit-Related
                Fees (2)
            
            
            --
            
            
            
            --Tax
                Fees (3)
            
            
            --
            
            
            
            --All
                Other Fees (4)
            
            
            --
            
            
            
            --Total
                Accounting Fees and Services
            
            $
            10,000
            
            
            $
            10,000




(1)
            Audit
                Fees.  These are fees for professional services for the
                audit of our annual financial statements.




(2)
            Audit-Related
                Fees.  These are fees for the assurance and related
                services reasonably related to the performance of the audit or the
                review
                of our financial statements.




(3)
            Tax
                Fees.  These are fees for professional services with
                respect to tax compliance, tax advice, and tax planning.




(4)
            All
                Other
                Fees.  These are fees for permissible work that does not
                fall within any of the other fee categories, i.e., Audit Fees,
                Audit-Related Fees, or Tax Fees.




Pre-Approval
      Policy for Audit and Non-Audit Services




We
      do not have a standing audit
      committee, and the full Board performs all functions of an audit committee,
      including the pre-approval of all audit and non-audit services before we engage
      an accountant. All of the services rendered to us by the independent accountants
      during 2007 were pre-approved by our Board of Directors.




15
 Table
          of Contents




INDEX
      TO EXHIBITS




Exhibit
                Number
            Description3.1
            Articles
                of Incorporation of Envirosafe Corporation **3.2
            Bylaws
                of Envirosafe Corporation **4.1
            See
                Exhibits 3.1 and 3.2 for the provisions of our Articles of Incorporation
                and Bylaws that define the rights of holders of our Common
                Stock4.2
            Specimen
                of Common Stock Certificate **14.1
            Code
                of Ethics **31.1
            Rule
                13a-14(a)/15d–14(a) Certifications of Guoqiang Zhan, Chief Executive and
                Financial Officer *32.1
            Section
                1350 Certifications of Guoqiang Zhan, Chief Executive and Financial
                Officer *99.1
            Cautionary
                Statements for Purposes of the Safe Harbor Provision of the Private
                Securities Litigation Reform Act of 1995 *




*           
      Filed herewith.




**
            Contained
                in our Form 10-SB, as filed with the Commission on January 18, 2007.




16
 Table
          of Contents




SIGNATURES




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




Date:  April
      11, 2008




ENVIROSAFE
                CORPORATIONBy:
            /s/
                Guoqiang ZhanGuoqiang
                Zhan, Chief Executive Officer




In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.




Signature
            Title
            Date/s/
                Guoqiang Zhan
            Director
            April
                11, 2008Guoqiang
                Zhan