UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  SQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended September 30, 2009  £TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from __________ to __________  Commission File Number 0-29301  LightTouch Vein & Laser, Inc. (Exact name of registrant as specified in its charter)  Nevada87-0575118(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.)  4764 South 900 East, Suite 384088(Address of principal executive offices)(Zip Code)  801-550-1055 (Registrants telephone number, including area code)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 S    No £  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  The registrant has not been phased into the Interactive Data reporting system. Yes £   No  £  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of large accelerated filer, accelerated filer, and smaller reporting company in Rule 12b-2 of the Exchange Act.   Large Accelerated filer £Accelerated filer £Non-accelerated filer  £
(Do not check if a smaller reporting company)Smaller reporting company S  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes S    No £  Indicate the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date. 15,969,007 shares of $0.001 par value common stock on November 11, 2009    Part I - FINANCIAL INFORMATION  Item 1. Financial Statements LightTouch Vein & Laser, Inc. FINANCIAL STATEMENTS (UNAUDITED) September 30, 2009  The financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted.  However, in the opinion of management, all adjustments (which include only normal recurring accruals) necessary to present fairly the financial position and results of operations for the periods presented have been made.  These financial statements should be read in conjunction with the accompanying notes, and with the historical financial information of the Company.   2   LightTouch Vein & Laser, Inc. Balance Sheets  SeptemberDecember 31,20092008(unaudited)Assets:Current assets:Prepaid expense$-$-Total Assets$-$-Liabilities and Stockholders' Deficit:Current liabilities:Accounts payable$2,781$2,250Related party payable65,59753,114Related party interest payable5,5572,611Total Liabilities73,93557,975Stockholders' deficit:Preferred stock, $0.001 par value, 25,000,000 shares authorized,no shares issued and outstanding--Common stock, $0.001 par value, 100,000,000 shares authorized,15,969,007 shares issued and outstanding15,96915,969Paid-in capital7,102,1947,102,194Retained deficit(7,192,098)(7,176,138)Total Stockholders' Deficit(73,935)(57,975)Total Liabilities and Stockholders' Deficit$-$-   The accompanying notes are an integral part of these unaudited financial statements.  3   LightTouch Vein & Laser, Inc. Unaudited Statements of Operations  For the Three Months EndedFor the Nine Months EndedSeptember 30,September 30,2009200820092008Revenue$-$-$-$-General and Administrative Expenses(1,917)(20,718)(13,014)(34,022)Net Loss from Operations(1,917)(20,718)(13,014)(34,022)Other Expense:Interest expense(1,009)(638)(2,946)(1,425)Total Other Income and Expense(1,009)(638)(2,946)(1,425)Net Loss$(2,926)$(21,356)$(15,960)$(35,447)Loss per common share$(0.00)$(0.00)$(0.00)$(0.00)Average weighted number of commonshares outstanding15,969,00715,969,00715,969,00715,969,007   The accompanying notes are an integral part of these unaudited financial statements.  4   LightTouch Vein & Laser, Inc. Unaudited Statements of Cash Flows  For the Nine Months EndedSeptember 30,20092008Cash flows from operating activities:Net loss$(15,960)$(35,447)Adjustments to reconcile net loss to net cash provided byoperating activities:Changes in current assets and liabilities:Accounts payable53112,966Related party payable, including interest15,42922,481Net Cash Provided by Operating Activities--Net Cash Provided by (Used in) Investing Activities--Net Cash Provided by (Used in) Financing Activities--Net Increase (Decrease) in Cash--Cash at beginning of period--Cash at End of Period$-$-   The accompanying notes are an integral part of these unaudited financial statements.  5   LightTouch Vein & Laser, Inc. Notes to Unaudited Financial Statements September 30, 2009  Note 1: Basis of Presentation  The accompanying unaudited financial statements of LightTouch Vein & Laser, Inc. (the Company) were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Management of the Company, comprised of its sole officer and two directors, (Management) believes that the following disclosures are adequate to make the information presented not misleading. These unaudited financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Companys Form 10-K report for the year ended December 31, 2008.  These unaudited financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of Management, are necessary to present fairly the financial position and results of operations of the Company for the periods presented. Operating results for the nine months ended September 30, 2009, are not necessarily indicative of the results that may be expected for the year ending December 31, 2009.  The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has not conducted any revenue producing operations during the past several years, has no assets but has incurred total liabilities of over $73,000 as of September 30, 2009. These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management and other related parties have paid the Companys expenses and Management serves without monetary remuneration. The Company proposes to continue this method of paying for its expenses unless other capital raising means can be employed, of which there can be no assurance that such will be available. The Company anticipates incurring future expenses as it seeks to acquire an operating entity. The Company assumes that its arrangement with Management will continue into the future. These unaudited financial statements do not include any adjustments that might result from a negative outcome of these uncertainties. A change in these circumstances would have a material negative effect on the Company's future.  Note 2: Summary of Significant Accounting Policies  Organization  The Company was organized under the laws of the State of Nevada on May 1, 1981 under the name of Strachan, Inc. and during 1999, the Company changed its name to its present name. Between 1999 and 2000, the Company acquired several subsidiary corporations and conducted its business operations primarily through them. Subsequent to August 2000, financial difficulties prevented these subsidiary corporations from operating profitably and each of them ceased operations. In most cases these corporations filed for bankruptcy in the applicable federal court, the proceedings of which lasted in some cases through 2005. At the present time the Company is seeking a business combination with an operating entity through a reverse acquisition.  Use of Estimates  The accompanying unaudited financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and require that management make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The use of estimates and assumptions may also affect the reported amounts of expenses. Actual results could differ from those estimates or assumptions.  (Loss) per Common Share  The loss per share of common stock is computed by dividing the net loss during the periods presented by the weighted average number of common shares outstanding during those same periods. There were no potential common shares outstanding during any period presented that would result in a dilution to the actual number of common shares outstanding. However, the Company may have a contingent obligation to issue additional shares of common stock based on acquisitions that the Company made of entities that became subsidiaries of the Company. Such contingent obligation has not been given consideration in computing the loss per share of common stock.  6   LightTouch Vein & Laser, Inc. Notes to Unaudited Financial Statements September 30, 2009 (Continued)  Note 2: Summary of Significant Accounting Policies (Continued)  Income Taxes  The Company has no deferred taxes arising from temporary differences between income for financial reporting and for income tax purposes. At September 30, 2009, the Company has a net operating loss carry forward of approximately $70,100 that expires if unused through 2029. A deferred tax asset in the amount of $10,515 is fully offset by a valuation allowance in the same amount. The change in the valuation allowance was $2,394 and $5,317 for the nine months ended September 30, 2009 and 2008, respectively. The Company follows the provisions of uncertain tax positions as addressed in FASB ASC 740-10-65-1. The Company recognized approximately no increase in the liability for unrecognized tax benefits.  The Company has no tax position at September 30, 2009 and December 31, 2008 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at September 30, 2009 or December 31, 2008. The Companys utilization of any net operating loss carry forward may be unlikely as a result of its intended development stage activities.  Note 3: Capital Stock  Preferred Stock  The Company is authorized to issue 25,000,000 shares of preferred stock, $.001 par value, with such rights, preferences, variations and such other designations for each class or series within a class as determined by the Board of Directors. The preferred stock is not convertible into common stock, does not contain any cumulative voting privileges, and does not have any preemptive rights. No shares of preferred stock have been issued.  Common Stock  On August 15, 2000, the Company acquired Vanishing Point, Inc. (Vanishing Point) as a wholly owned subsidiary through a triangular reorganization whereby an existing subsidiary of the Company acquired all of the Vanishing Point common stock, options to acquire common stock, warrants, and convertible notes (collectively the Exchange Securities) in exchange for 8,576,589 shares of the Companys common stock. The conditions of the exchange require that the Exchange Securities be surrendered to the Companys transfer agent and that payment, either in services or in a cash amount, be made by the Company. As a result of the demise of the business operations of the Companys subsidiaries shortly after the Vanishing Point acquisition, both the terms and conditions of surrendering the Exchange Securities were not completed. The Company believes that all properly allowable issuances of the Companys common stock for the Exchange Securities have occurred, but no assurance thereof can be given.  Note 4: Related Party Transactions  Commencing in 2006, Management and other related parties have paid the Companys general and administrative expenses. The Company has entered into an unsecured line of credit note with those related parties that bear interest at 10% per annum. The line of credit note has been extended on several occasions. Collectively, these amounts total the principal amount of $65,597 and $53,114 at September 30, 2009 and December 31, 2008, respectively. Accrued interest on these amounts is $5,557 and $2,611 at September 30, 2009 and December 31, 2008, respectively.    7   LightTouch Vein & Laser, Inc. Notes to Unaudited Financial Statements September 30, 2009  Note 5: Contingent Liabilities  Subsequent to August 2000, the Companys subsidiaries became subject to various lawsuits including bankruptcy proceedings. Even though the Company may have been named as a defendant in such lawsuits, the Company denied any liability inasmuch as it was not the operating entity that had entered into the agreements that were being litigated and the Company had not made any commitments for the payment of any liabilities incurred by its subsidiaries. Nevertheless, to the extent that the Company was a party to any financial transactions that were not discharged through any subsidiarys bankruptcy proceedings, including any obligations associated with the issuance of its common stock in conjunction with the acquisition of Vanishing Point, the Company may have contingent liabilities.  The Company believes that there are no valid outstanding liabilities from either prior operations or from potential stockholders with respect to the issuance of additional shares of the Companys common stock. If creditors or potential stockholders were to come forward and claim that a liability is owed or that additional shares of common stock should be issued to them, the Company has committed to contest such claim to the fullest extent of the law. No dollar amount has been accrued in the unaudited financial statements for this contingent liability, and to the best of the Companys knowledge and belief the financial statements accurately reflect the financial position of the Company as of the dates presented,  and the Company believes that no contingent liabilities exist.  Note 6: Subsequent Events  The Company has evaluated subsequent events from the balance sheet date through November 13, 2009, and determined there are no material transactions that have not been disclosed.     8    Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations  Special Note Regarding Forward-Looking Statements  This periodic report contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Plan of Operations provided below, including information regarding the Companys financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive positions, growth opportunities, and the plans and objectives of management. The statements made as part of the Plan of Operations that are not historical facts are hereby identified as "forward-looking statements." Critical Accounting Policies and Estimates  The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the unaudited Financial Statements and accompanying notes.  Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates under different assumptions or conditions.  The Company believes there have been no significant changes during the nine month period ended September 30, 2009, to the items disclosed as significant accounting policies in management's Notes to the Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2008.  The Company has not had revenues from operations in each of the last two fiscal years. The Companys current operations have consisted of taking such action, as management believes necessary, to prepare to seek an acquisition or merger with an operating entity. The Company has obtained loans from an officer.  The Company may also issue shares of its common stock to raise equity capital. The Companys sole officer has financed the Company's current operations, which have consisted primarily of maintaining in good standing the Company's corporate status and in fulfilling its filing requirements with the Securities and Exchange Commission, including the audit of its financial statements. Beyond the financial arrangements herein, the Company has not entered into a definitive agreement with this officer, or anyone else, regarding the receipt of future funds to meet its capital requirements. However, management anticipates that whatever reasonable financial requirements may be necessary to further its plan of operations, this officer will continue to provide such financial resources to the Company as needed during the next twelve months.  Nevertheless, the Companys financial statements contained in this report have been prepared assuming that the Company will continue as a going concern. As discussed in the footnotes to the financial statements and elsewhere in this report, the Company has not established any source of revenue to sustain operations. These factors raise substantial doubt that the Company will be able to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  The Companys sole officer has paid on behalf of the Company certain costs.  As of September 30, 2009, the Company owed related parties $71,154.  The Company in anticipation of additional cost to bring the Company current on all of its reporting obligations has entered into a credit line for up to $25,000 with the president of the Company.  Risks associated with the plan of operations  In its search for a business opportunity, management anticipates that the Company will incur additional costs for legal and accounting fees to locate and complete a merger or acquisition. Other than previously discussed, the Company does not have any revenue producing activities whereby it can meet the financial requirements of seeking a business opportunity. As of September 30, 2009, the Company owed $73,935 and had no assets and may further obligate itself as it pursues its plan of operations. There can be no assurance that the Company will receive any benefits from the efforts of management to locate a business opportunity.   9   The Company does not propose to restrict its search for a business opportunity to any particular industry or geographical area and may, therefore, attempt to acquire any business in any industry. The Company has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions, and other factors. Consequently, if and when a business opportunity is selected, such business opportunity may not be in an industry that is following general business trends.  The selection of a business opportunity in which to participate is complex and risky. Additionally, the Company has only limited resources and this fact may make it more difficult to find any such opportunities. There can be no assurance that the Company will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to the Company and its stockholders. The Company will select any potential business opportunity based on management's business judgment. At the present time, only Mr. Bailey serves as an officer of the Company and allowing only one individual to exercise his business judgment in the selection of a business opportunity for the Company presents a significant risk to the Company's stockholders. The Company may acquire or participate in a business opportunity based on the decision of management that potentially could act without the consent, vote, or approval of the Company's stockholders.  Since the Company terminated operations, the Company has not generated any revenue and it is unlikely that any revenue will be generated until such time as the Company locates a business opportunity to acquire or with which it can merge. However, the Company is not restricting its search to those business opportunities that have profitable operations. Even though a business opportunity is acquired that has revenues or gross income, there is no assurance that profitable operations or net income will result therefrom. Consequently, even though the Company may be successful in acquiring a business opportunity, such acquisition does not assume that a profitable business opportunity is being acquired or that stockholders will benefit through an increase in the market price of the Company's common stock.  The acquisition of a business opportunity, no matter what form it may take, will almost assuredly result in substantial dilution for the Company's current stockholders. Inasmuch as the Company only has its equity securities (its common and preferred stock) as a source to provide consideration for the acquisition of a business opportunity, the Company's issuance of a substantial portion of its authorized common stock is the most likely method for the Company to consummate an acquisition. The issuance of any shares of the Company's common stock will dilute the ownership percentage that current stockholders have in the Company.  The Company does not intend to employ anyone in the future, unless its present business operations were to change. Mr. Bailey does not have a contract to remain with the Company over any certain time period and may resign his position prior to the time that a business opportunity is located and/or business reorganization takes place.  At the present time, management does not believe it is necessary for the Company to have an administrative office and utilizes the mailing address of the Company's president for business correspondence. The Company intends to reimburse management for any out of pocket costs other than those associated with maintaining the mailing address.  Liquidity and Capital Resources  As of September 30, 2009, the Company had a negative $73,935 in working capital with no assets and liabilities of $73,935.  If the Company cannot find a new business, it will have to seek additional capital either through the sale of its shares of common stock or through a loan from its officer, stockholders or others. The Company has only incidental ongoing expenses primarily associated with maintaining its corporate status and professional fees associated with accounting and legal costs.  Management anticipates that the Company will incur more costs including legal and accounting fees to locate and complete a merger or acquisition.  At the present time the Company does not have the assets to meet these financial requirements. Additionally, the Company does not have substantial assets to entice potential business opportunities to enter into transactions with the Company.   10   It is unlikely that any revenue will be generated until the Company locates a business opportunity that it may acquire or with which it may merge.  Management of the Company will be investigating various business opportunities.  These efforts may cost the Company not only out of pocket expenses for its management but also expenses associated with legal and accounting costs.  There can be no guarantee that the Company will receive any benefits from the efforts of management to locate business opportunities.  If and when the Company locates a business opportunity, management of the Company will give consideration to the dollar amount of that entity's profitable operations and the adequacy of its working capital in determining the terms and conditions under which the Company would consummate such an acquisition.  Potential business opportunities, no matter which form they may take, will most likely result in substantial dilution for the Company's stockholders as it has only limited capital and no operations.  Results of Operations  For the three and nine months ended September 30, 2009, the Company had a net loss of $2,926 and $15,960, respectively compared to a loss for the three and nine months ended September 30, 2008 of $21,356 and $35,447, respectively.  The Company anticipates losses to remain at the present level or slightly higher until a business opportunity is found. The Company had no revenue during the three months ended September 30, 2009. The Company does not anticipate any revenue until it locates a new business opportunity.  Off-balance sheet arrangements.  The Company does not have any off-balance sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.  Forward-looking Statements  The Private Securities Litigation Reform Act of 1995 (the Act) provides a safe harbor for forward-looking statements made by or on behalf of our Company. Our Company and our representatives may from time to time make written or oral statements that are forward-looking, including statements contained in this quarterly Report and other filings with the Securities and Exchange Commission and in reports to our Companys stockholders. Management believes that all statements that express expectations and projections with respect to future matters, as well as from developments beyond our Companys control including changes in global economic conditions are forward-looking statements within the meaning of the Act. These statements are made on the basis of managements views and assumptions, as of the time the statements are made, regarding future events and business performance. There can be no assurance, however, that managements expectations will necessarily come to pass. Factors that may affect forward- looking statements include a wide range of factors that could materially affect future developments and performance, including the following:  Changes in Company-wide strategies, which may result in changes in the types or mix of businesses in which our Company is involved or chooses to invest; changes in U.S., global or regional economic conditions, changes in U.S. and global financial and equity markets, including significant interest rate fluctuations, which may impede our Companys access to, or increase the cost of, external financing for our operations and investments; increased competitive pressures, both domestically and internationally, legal and regulatory developments, such as regulatory actions affecting environmental activities, the imposition by foreign countries of trade restrictions and changes in international tax laws or currency controls; adverse weather conditions or natural disasters, such as hurricanes and earthquakes, labor disputes, which may lead to increased costs or disruption of operations.  This list of factors that may affect future performance and the accuracy of forward-looking statements is illustrative, but by no means exhaustive. Accordingly, all forward-looking statements should be evaluated with the understanding of their inherent uncertainty.  Item 3.  Quantitative and Qualitative Disclosures About Market Risk.  NA-Smaller Reporting Company  11   Item 4T.  Controls and Procedures.  Evaluation of Disclosure Controls and Procedures  Our management, with the participation of our President and CFO, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our President and CFO concluded that our disclosure controls and procedures as of the end of the period covered by this report were effective such that the information required to be disclosed by us in reports filed under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the SECs rules and forms and (ii) accumulated and communicated to our management, including our President and CFO, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.  Managements Report on Internal Control over Financial Reporting  Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.  Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives.  Our management, with the participation of the President and CFO, evaluated the effectiveness of our internal control over financial reporting as of September 30, 2009.  Based on this evaluation, our management, with the participation of the President and CFO, concluded that, as of September 30, 2009, our internal control over financial reporting was effective.  Changes in internal control over financial reporting  There have been no changes in internal control over financial reporting.  PART II - OTHER INFORMATION  ITEM 1.  Legal Proceedings  None  ITEM 2.  Unregistered Sales of Equity Securities and Use of Proceeds  Recent Sales of Unregistered Securities  We have not sold for cash any restricted securities during the three months ended September 30, 2009.  Use of Proceeds of Registered Securities  None; not applicable.  12   Purchases of Equity Securities by Us and Affiliated Purchasers  During the three months ended September 30, 2009, we have not purchased any equity securities nor have any officers or directors of the Company.  ITEM 3.  Defaults Upon Senior Securities  We are not aware of any defaults upon senior securities.  ITEM 4.  Submission of Matters to a Vote of Security Holders  No matters were submitted to a vote of security holders during the quarter ended September 30, 2009.  ITEM 5.  Other Information.  None  ITEM 6.  Exhibits  a) Index of Exhibits:  Exhibit Table #Title of DocumentLocation31Rule 13a-14(a)/15d-14a(a) Certification  CEO & CFOThis filing32Section 1350 Certification  CEO & CFOThis filing    SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  LightTouch Vein & Laser, Inc. (Registrant)  Dated: November 13, 2009 By:/s/ Ed Bailey Ed Bailey Chief Executive Officer Chief Financial Officer Director  13