| (Mark One) |                                                                                 |
|------------|--------------------------------------------------------------------------------------|
| þ     | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       |  For the fiscal year ended June 30, 2009                                        |
|       | OR                                                                                   |
|    | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       |                                                                                 |

| Delaware                                                      | 54-1812385                           |   |
|---------------------------------------------------------------|--------------------------------------|--------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. Employer Identification No.) |   |
| 625 N. Washington Street, Suite 301Alexandria, VA             | 22314                                |   |
| (Address of principal executive offices)                      | (Zip Code)                           |   |

|                |                                      |
|---------------------|-------------------------------------------|
| Title of each class | Name of each exchange on which registered |
| None                | None                                      |

|   |                                                                         |                             |   |
|--------|------------------------------------------------------------------------------|----------------------------------|--------|
|   | Large accelerated filer                                              | Accelerated filer        |   |
|   |                                                                         |                             |   |
|   | Non-accelerated filer  (Do not check if a smaller reporting company) | Smaller reporting company þ |   |

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| · | announcements concerning our strategy; |
|--------|----------------------------------------|

| · | litigation; and |
|--------|-----------------|

| · | general market conditions. |
|--------|----------------------------|

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PART II

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| Equity compensation plans approved by stockholders | Number of securities to be issued upon exercise of outstanding options and rights | Weighted averageexercise price | Number of securities remaining available for issuance under plan |
|----------------------------------------------------|-----------------------------------------------------------------------------------|--------------------------------|------------------------------------------------------------------|
|  Stock Option Plan                            | 0                                                                                 | $0.00                          | 0                                                                |
|                                               |                                                                              |                           |                                                             |
|  Total                                        | 0                                                                                 | $0.00                          | 0                                                                |

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Item 6.  Selected Financial Data.

|                                       |    | Year Ended June 30, |      |
|--------------------------------------------|--------------|---------------------|-----------|
|                                       |    | 2009                |      |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                       |    |                |      |
| Statement of Operations Data:              |    |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                   |    |  $             | --        |   |  $ |   | -- |   |   | $  | -- |   |   | $  | -- |   |   |  $ | -- |   |
| Cost of revenues                           |    |                | --        |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
| Gross profit (loss)                        |    |                | --        |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
| Other income (expense)                     |    |                | (11,912)  |   |   |   | (3,430) |   |   |   | (317,618) |   |   |   | 491,417 |   |   |   | 356,204 |   |
| General and administrative expense         |    |                | 99,850    |   |   |   | 44,756 |   |   |   | 92,362 |   |   |   | 209,886 |   |   |   | 180,838 |   |
|                                       |    |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                          |    |  $             | (111,762) |   |  $ |   | (48,186) |   |   | $  | (409,980) |   |   | $  | 281,531 |   |   |  $ | 175,366 |   |
|                                       |    |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per share:               |    |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                      |    | $                   | (0.02)    |   |  $ |   | (0.01) |   |   | $  | (0.10) |   |   | $  | 0.08 |   |   |  $ | 0.04 |   |
| Diluted                                    |    | $                   | (0.02)    |   |  $ |   | (0.01) |   |   | $ | (0.10) |   |   | $  | 0.07 |   |   |  $ | 0.04 |   |
|                                       |         |
|                                       |    | As of June 30,      |      |
|                                       |    | 2009                |      |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
| Balance Sheet Data:                        |    |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                                       |    | $                   | 348       |   |  $ |   | 698 |   |   $ |   | 7,862 |   |   | $  | 11,620 |   |   |  $ | 1,024 |   |
| Total assets                               |    |                | 348       |   |   |   | 698 |   |   |   | 8,562 |   |   |   | 1,178,263 |   |   |   | 1,007,121 |   |
| Total long-term liabilities                |    |                | --        |   |   |   | -- |   |   |   | 20,197 |   |   |   | -- |   |   |   | -- |   |
| Total stockholders’ equity (deficit) |    | $                   | (186,191) |   |  $  |   | (74,429) |   |   $ |   | (26,243) |   |   | $  | 1,144,270 |   |   |  $ | 1,003,440 |   |

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Commitments and Contractual Obligations

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| Report of Independent Registered Public Accounting Firm.                                                                                                                                     | 12     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                         |   |
| Balance Sheets as of June 30, 2009 and 2008.                                                                                                                                                 | 13     |
|                                                                                                                                                                                         |   |
| Statements of Operations for the years ended June 30, 2009 and 2008 and for the period October 1, 2006 (date of entering development stage) through June 30, 2009.                      | 14     |
|                                                                                                                                                                                         |   |
| Statements of Stockholders’ Equity (Deficit) for the years ended June 30, 2009 and 2008 and for the period October 1, 2006 (date of entering development stage) through June 30, 2009. | 15     |
|                                                                                                                                                                                         |   |
| Statements of Cash Flows for the years ended June 30, 2009 and 2008 and for the period October 1, 2006 (date of entering development stage) through June 30, 2009.                           | 16     |
|                                                                                                                                                                                         |   |
| Notes to Financial Statements.                                                                                                                                                          | 17     |

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|           |   | June 30, |   |   | June 30, |   |
|----------------|--------|----------|--------|--------|----------|--------|
|           |   | 2009     |   |   | 2008     |   |
| ASSETS         |   |     |   |   |     |   |
| CURRENT ASSETS |   |     |   |   |     |   |
| Cash           |   | $        | 348    |   |     | $      | 698 |   |
|           |   |     |   |   |     |   |   |   |
| TOTAL ASSETS   |   | $        | 348    |   |     | $      | 698 |   |

| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                       |   |   |      |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| CURRENT LIABILITIES:                                                                                                                                                                              |   |   |      |   |   |   |
| Accounts payable and accrued expenses                                                                                                                                                             |   | $      | 17,500    |   |   | $      | 1,000 |   |
| Accounts payable, related parties                                                                                                                                                                 |   |   | 23,500    |   |   |   | 15,500 |   |
| Notes payable and accrued interest, related parties                                                                                                                                               |   |   | 145,539   |   |   |   |  58,627 |   |
| TOTAL CURRENT LIABILITIES                                                                                                                                                                         |   |   | 186,539   |   |   |   | 75,127 |   |
|                                                                                                                                                                                              |   |   |      |   |   |   |   |   |
|                                                                                                                                                                                              |   |   |      |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES (Note 9)                                                                                                                                                            |   |   |      |   |   |   |   |   |
|                                                                                                                                                                                              |   |   |      |   |   |   |   |   |
| STOCKHOLDERS’ DEFICIT:                                                                                                                                                                      |   |   |      |   |   |   |   |   |
|  Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued and outstanding at June         30, 2009 and 2008, respectively |   |   | —   |   |   |   | — |   |
| Common stock, $.01 par value, 20,000,000 shares authorized, 6,669,210 shares issued and outstanding at June 30, 2009 and 2008, respectively                                                       |   |   | 66,692    |   |   |   | 66,692 |   |
| Additional paid in capital                                                                                                                                                                        |   |   | 317,045   |   |   |   | 317,045 |   |
| Accumulated deficit (including $206,166 accumulated during development stage)                                                                                                                     |   |   | (569,928) |   |   |   | (458,166) |   |
| Total stockholders’ deficit                                                                                                                                                                 |   |   | (186,191) |   |   |   | (74,429) |   |
|                                                                                                                                                                                              |   |   |      |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                 |   | $      | 348       |   |   | $      | 698 |   |

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|                                                                      |   |   | Year EndedJune 30,                                                                                                                                                                                                                                                                |   | Period from October 1, 2006 (date of entering development stage) through June 30, 2009                                                                                                                                                                                                                                                                                            |
|---------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                      |   |   | 2009                                                                                                                                                                                                                                                                              |   | 2008                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| REVENUES                                                                  |   |   | $                                             — |   | $                                                             — |   |  $                                                          — |
| COST OF SALES                                                             |   |   | —                                                                                                                                                                                                                                                                           |   | —                                                                                                                                                                                                                                                                                                                                                                           |   | — |
| GROSS PROFIT                                                              |   |   | —                                                                                                                                                                                                                                                                           |   | —                                                                                                                                                                                                                                                                                                                                                                           |   | — |
| OPERATING EXPENSES                                                        |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| General and administrative expenses                                       |   |   | 99,850                                                                                                                                                                                                                                                                            |   | 44,756                                                                                                                                                                                                                                                                                                                                                                            |   | 183,220 |
| Total operating expenses                                                  |   |   | 99,850                                                                                                                                                                                                                                                                            |   | 44,756                                                                                                                                                                                                                                                                                                                                                                            |   | 183,220 |
| LOSS FROM OPERATIONS                                                      |   |   | (99,850)                                                                                                                                                                                                                                                                          |   | (44,756)                                                                                                                                                                                                                                                                                                                                                                          |   | (183,220) |
| OTHER INCOME (EXPENSE):                                                   |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|   Interest expense                                              |   |   | (11,912)                                                                                                                                                                                                                                                                          |   | (3,430)                                                                                                                                                                                                                                                                                                                                                                           |   | (15,680) |
|   Stock issued for loans                                        |   |   | —                                                                                                                                                                                                                                                                           |   | —                                                                                                                                                                                                                                                                                                                                                                           |   | (20,000) |
|   Gain on sale of investment                                    |   |   | —                                                                                                                                                                                                                                                                           |   | —                                                                                                                                                                                                                                                                                                                                                                           |   | 12,734 |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Total other expense                                                       |   |   | (11,912)                                                                                                                                                                                                                                                                          |   | (3,430)                                                                                                                                                                                                                                                                                                                                                                           |   | (22,946) |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| LOSS BEFORE PROVISION FOR INCOME TAXES                                    |   |   | (111,762)                                                                                                                                                                                                                                                                         |   | (48,186)                                                                                                                                                                                                                                                                                                                                                                          |   | (206,166) |   |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |
|   Provision for income taxes                                    |   |   | —                                                                                                                                                                                                                                                                           |   | —                                                                                                                                                                                                                                                                                                                                                                           |   | — |   |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |
| NET LOSS APPLICABLE TO COMMON                                        |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        STOCKHOLDERS                    |   |   | $                                     (111,762)                                               |   | $                                                      (48,186)                                          |   | $                                               (206,166) |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| NET LOSS PER SHARE OF COMMON                                              |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        STOCK – Basic and diluted |   |   | $                                           (0.02)              |   | $                                                         (0.01)                          |   |   |
|                                                                      |   |   |                                                                                                                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| WEIGHTED AVERAGE SHARES OUTSTANDING—Basic and diluted               |   |   | 6,669,210                                                                                                                                                                                                                                                                         |   | 6,669,210                                                                                                                                                                                                                                                                                                                                                                         |   |   |

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|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |
|-------------------------------------------------------------|--------|-----------------|--------------|-----------|---------------|-----------|--------------------------|-----------------------------------------------------------------------------------------|-----------------------------------------|---------------|-----------------------------------------------------------------------------------------------------------|
|                                                        |   | Preferred Stock | Common Stock |      |          |      |                     |                                                                                    |                                    |
|                                                        |   | Issued Shares   |         | Par Value | Issued Shares | Par Value | AdditionalPaid-InCapital | Accumulated Other Comprehensive Income                                                  | (Accumulated Deficit) Retained Earnings |          | Accumulated Deficit During Development Stage                                                              | TotalStockholders’Equity (Deficit) |
| Balance – October 1, 2006                             |   |            | --           |      | $             |  --  | --                  | $              -- | $                                       |  317,045 | $         37,773                                             | $ | (363,762) |   | $              -- | $ |  57,748 |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Recognition of loss on sale of marketable equity securities |   |            | --           |      |          | --        | --                       | --                                                                                      |                                    | --            | (37,773)                                                                                                  |   | -- |   | -- |   | (37,773) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Net loss                                                    |   |            | --           |      |          | --        | --                       | --                                                                                      |                                    | --            | --                                                                                                        |   | -- |   | (46,218) |   | (46,218) |
| Comprehensive loss                                          |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   | (83,991) |
| Balance – June 30, 2007                               |   |            | --           |      | $             | --        |  6,669,210          | $     66,692                                              | $                                       | 317,045       | $                --  | $ | (363,762) | $ | $         (46,218) | $ | (26,243) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Net loss                                                    |   |            | --           |      |          | --        | --                       | --                                                                                      |                                    | --            | --                                                                                                        |   | -- |   | (48,186) |   | (48,186) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Balance – June 30, 2008                               |   |            | --           |      | $             | --        | 6,669,210                | $      66,692                                             | $                                       | 317,045       | $                 -- | $ | (363,762) | $ | $         (94,404) | $ | (74,429) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Net loss                                                    |   |            | --           |      |          | --        | --                       | --                                                                                      |                                    | --            | --                                                                                                        |   | -- |   | (111,762) |   | (111,762) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |
| Balance – June 30, 2009                               |   |            | --           |      | $             | --        | 6,669,210                | $      66,692                                             | $                                       | 317,045       | $                 -- | $ | (363,762) |   | $         (206,166) | $ |        (186,191) |
|                                                        |   |            |         |      |          |      |                     |                                                                                    |                                    |          |                                                                                                      |   |   |   |   |   |   |

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|                                                                                   |   | Year EndedJune 30, | Period from October 1, 2006 (date of entering development stage) through June 30, 2009 |
|----------------------------------------------------------------------------------------|--------|--------------------|----------------------------------------------------------------------------------------|
|                                                                                   |   | 2009               |                                                                                   | 2008 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                  |   |               |                                                                                   |   |   |
| Net loss                                                                               |   | $                  | (111,762)                                                                              |   | $ | (48,186) | $         (206,166) |
| Adjustments to reconcile net loss to net cash used in operating activities:            |   |               |                                                                                   |   |   |   |   |
|      Stock issued for loans                                   |   |               | —                                                                                |   |   | — |  20,000 |
|      Gain on sale of short term investment                    |   |               | —                                                                                |   |   | — |  (12,734) |
| Changes in operating assets and liabilities:                                           |   |               |                                                                                   |   |   |   |   |
|      Prepaid expenses                                         |   |               | —                                                                                |   |   | 700 | — |
|      Accounts payable, related parties                        |   |               | 8,000                                                                                  |   |   | 7,477 | 15,972 |
|      Accounts payable and accrued expenses                    |   |               | 28,412                                                                                 |   |   | (2,155) | 5,957 |
| Net cash used in operating activities                                                  |   |               | (75,350)                                                                               |   |   | (42,164) | (176,971) |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                  |   |               |                                                                                   |   |   |   |   |
| Proceeds from sale of short term investment                                            |   |               | —                                                                                |   |   | — | 40,570 |
| Net cash provided by investing activities                                              |   |               | —                                                                                |   |   | — | 40,570 |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                  |   |               |                                                                                   |   |   |   |   |
|        Proceeds from issuance of common stock       |   |               | —                                                                                |   |   | — | 3,500 |
|        Proceeds from notes payable, related parties |   |               | 75,000                                                                                 |   |   | 35,000 | 130,000 |
| Net cash provided by financing activities                                              |   |               | 75,000                                                                                 |   |   | 35,000 | 133,500 |
| NET DECREASE IN CASH                                                                   |   |               | (350)                                                                                  |   |   | (7,164) | (2,901) |
| CASH Beginning of period                                                               |   |               | 698                                                                                    |   |   | 7,862 | 3,249 |
| CASH End of period                                                                     |   | $                  | 348                                                                                    |   | $ | 698 | $                 348 |

| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |   |   |    |   |   |   |    |
|---------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|
| Cash paid during the period for:                  |   |   |    |   |   |   |    |
| Interest                                          |   | $      | — |   |   | $      | — |   |   | $ | — |   |
| Income taxes                                      |   |   | — |   |   |   | — |   |   |   | — |   |

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Income Taxes

Comprehensive Income (Loss)

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NOTE 3 – NOTE PAYABLE RELATED PARTIES

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|                                    |   | Year ended June 30, |     |
|-----------------------------------------|--------|---------------------|----------|
|                                    |   | 2009           |     |   |  2008  |
|                                    |   |                |     |   |   |   |   |   |   |
| Tax benefit (expense) at statutory rate |   | $                   | 38,000   |   | 34% |   |   | $ | 16,383 | 34 | % |   |
| Reconciling items:                      |   |                |     |   |   |   |   |   |   |   |   |   |
|                                    |   |                |     |   |   |   |   |   |   |   |   |   |
| State income taxes                      |   |                | 4,740    |   | 4% |   |   |   | 1,927 | 4 | % |   |
| Expiration of NOL’s and other     |   |                | (4,741)  |   | (4)% |   |   |   | (655) | (1) | % |   |
| V aluation allowance                    |   |                | (37,999) |   | (34)% |   |   |   | (17,655) | (37) | % |   |
|  Effective tax rate                |   |  $             | —  |   | 0% |   |   | $ | — | 0 | % |   |
|                                    |   |                |     |   |   |   |   |   |   |   |   |

|                                       |   | June 30,2009 |           |   | June 30,2008 |   |
|--------------------------------------------|--------|--------------|----------------|--------|--------------|--------|
|                                       |   |         |           |   |         |   |
| Deferred tax assets:                       |   |         |           |   |         |   |
| Net operating losses carryforwards         |   | $            | 416,898        |   |         | $      | 378,899 |   |
|                                       |   |         |           |   |         |   |   |   |
|   Total deferred tax assets      |   |         |  416,898  |   |         |   |  378,899 |   |
|                                       |   |         |           |   |         |   |   |   |
| Deferred tax liabilities:                  |   |         | ---0-          |   |         |   | ---0- |   |
|                                       |   |         |           |   |         |   |   |   |
|   Total deferred tax liabilities |   |         |  (-0-     | )      |         |   |  (-0- | ) |
|                                       |   |         |           |   |         |   |   |   |
| Net deferred tax asset                     |   |         |  416,898  |   |         |   |  378,899 |   |
| Valuation allowance                        |   |         |  (416,898 | )      |         |   |  (378,899 | ) |
| Deferred tax asset, net                    |   | $            | —        |   |         | $      | — |   |
|                                       |   |         |           |   |         |   |   |   |

|                                                               |   | June 30, |     |
|--------------------------------------------------------------------|--------|----------|----------|
|                                                               |   | 2009     |     |   | 2008 |   |
| Net loss, per books                                                |   | $        | (111,762 | ) |   | $ | (48,186 | ) |
| Income subject to tax not recorded on the books:                   |   |     |     |   |   |   |   |   |
| (Income) expense recorded on the books not included on the return: |   |     |     |   |   |   |   |   |
| Net loss, per return                                               |   | $        | (111,762 | ) |   | $ | (48,186 | ) |

|                                                              |   |   |      |   |   |   |
|-------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Income tax expense, per return                                    |   | $      | - 0 -     |   |   | $      | - 0 - |   |
| Available net operating loss (NOL) carryover from prior tax years |   |   | 1,140,410 |   |   |   | 1,221,275 |   |
| NOL generated                                                     |   |   | 111,762   |   |   |   | 48,186 |   |
| Total NOL carryover to future years                               |   |   | 1,226,172 |   |   |   | 1,269,461 |   |
| NOL expiring                                                      |   |   | -0-       |   |   |   | 155,051 |   |
| NOL available to future years                                     |   | $      | 1,226,172 |   |   | $      | 1,140,410 |   |

----

 

----

|                                       |   | Quarter Ended      |            |
|--------------------------------------------|--------|--------------------|-----------------|
|                                       |   | September 30, 2008 |            |   | December 31, 2008 |   |   | March 31, 2009 |   |   | June 30,2009 |   |
|                                       |   |               |            |   |   |   |   |   |   |   |   |   |
| General and administrative expenses        |   | $                  | 30,839          |   |   | $ | 55,624 |   |   | $ | 7,301 |   |   | $ | 6,086 |   |
| Other (expense) income                     |   |               |  (1,685    | ) |   |   |  (2,963 | ) |   |   |  (3,495 | ) |   |   |  (3,769 | ) |
| Net loss applicable to common shareholders |   |               |  (32,524   | ) |   |   |  (58,587 | ) |   |   |  (10,796 | ) |   |   |  (9,855 | ) |
|                                       |   |               |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share:                        |   |               |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Basic                    |   | $                  | (0.00           | ) |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|    Diluted                  |   | $                  | (0.00           | ) |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| Weighted averagenumber of shares:          |   |               |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Basic                    |   |               |  6,669,210 |   |   |   |  6,669,210 |   |   |   |  6,669,210 |   |   |   |  6,669,210 |   |
|    Diluted                  |   |               |  6,669,210 |   |   |   |  6,669,210 |   |   |   |  6,669,210 |   |   |   |  6,669,210 |   |

|                                              |   |               |            |   |              |   |            |                |   |   |            |   |
|---------------------------------------------------|--------|--------------------|-----------------|--------|-------------------|--------|-----------------|---------------------|--------|--------|-----------------|--------|
|                                              |   | Quarter Ended      |            |
|                                              |   | September 30, 2007 |            |   | December 31, 2007 |   |            | March 31, 2008 |   |   | June 30,2008    |   |
|                                              |   |               |            |   |              |   |            |                |   |   |            |   |
| General and administrative expenses               |   | $                  | 20,126          |   |              | $      | 11,856          |                |   | $      | 8,511           |   |   | $ | 4,263 |   |
| Other (expense) income                            |   |               |  (540      | )      |              |   |  (695      | )                   |   |   |  (1,059    | )      |   |   |  (1,136 | )  |
| Net loss applicable to common shareholders’ |   |               |  (20,666   | )      |              |   |  (12,551   | )                   |   |   |  (9,570    | )      |   |   |  (5,399 | ) |
|                                              |   |               |            |   |              |   |            |                |   |   |            |   |   |   |   |   |
| Net loss per share:                               |   |               |            |   |              |   |            |                |   |   |            |   |   |   |   |   |
|    Basic                           |   | $                  | (0.00           | )      |              | $      | (0.00           | )                   |   | $      | (0.00           | )      |   | $ | (0.00 | ) |
|    Diluted                         |   | $                  | (0.00           | )      |              | $      | (0.00           | )                   |   | $      | (0.00           | )      |   | $ | (0.00 | ) |
| Weighted averagenumber of shares:                 |   |               |            |   |              |   |            |                |   |   |            |   |   |   |   |   |
|    Basic                           |   |               |  6,669,210 |   |              |   |  6,669,210 |                |   |   |  6,669,210 |   |   |   |  6,669,210 |   |
|    Diluted                         |   |               |  6,669,210 |   |              |   |  6,669,210 |                |   |   |  6,669,210 |   |   |   |  6,669,210 |   |

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(a) Evaluation of Disclosure Controls and Procedures    

year covered by this Form 10-K, were effective.

----

| Name                                  |  Since |  Age |  Office Held                                                  |
|-----------------------------------------------------------|-------------|-----------|--------------------------------------------------------------------|
|  C.W. Gilluly, Ed.D.                            |  1992  |  63  |  Chairman of the Board, President and Chief Executive Officer |
|  Robert J. Lynch, Jr. (1, 2)     |  1992  |  76  |  Director                                                     |
|  Thomas E. McMahan (1, 2)                            |  1992  |  66  |  Director                                                     |
|                                                      |        |      |                                                               |

| (1)   | Member of the Audit Committee.       |
|-----------------|--------------------------------------|
| (2)   | Member of the Compensation Committee |

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|                       |               |  Annual Compensation   |                        | Long-TermCompensation Awards |
|----------------------------|--------------------|-----------------------------|-----------------------------|------------------------------|
| Name andPrincipal Position | FiscalYear         |  Salary                |  Bonus                 |                         | Stock OptionsGranted | All OtherCompensation |
| C.W. Gilluly (1), Chairman | 2009               | —                     | —                     |                         | — | — |
|                       | 200820072006  | —$12,000$36,000  | ———  |                         | ———  | —$487$6,805  |

| (1)   | Dr. Gilluly did not receive any salary from 1992 through fiscal 2003.  In 1996, he received a grant of stock options, described below. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

|     Name |  SharesAcquired uponExercise ofOptions |   Value RealizedFrom ExerciseOf Options |  Number of SharesUnderlying UnexercisedOptions at June 30, 2007Exercisable            Unexercisable                                                     |  Value of UnexercisedIn-the-Money Optionsat June 30, 2007  Exercisable             Unexercisable                                                             |
|------------------------------|---------------------------------------------|---------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  C.W. Gilluly           |  —                               |  —                                     |           —                      — |         $—                           $— |

| (1)   | As there has been no trading in the Company’s stock since its formation, the Company determined that the market value of its common stock approximates its exercise price of $.01; however, there can be no assurance that this is an accurate reflection of the market value. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                 |
|----------------------|
| Name       | Fees earned or paid in cash($)(1)   | Stock awards($)   | Option awards($)   | Non-equity incentive plan compensation ($)   | Nonqualified deferred compensation earnings($)   | All other compensation  ($)   | Total($)   |
| Robert J. Lynch, Jr. | $4,000 | -- | -- | --- | --- | --- | $4,000 |
| Thomas E. McMahan    | $4,000 | -- | -- | --- | --- | --- | $4,000 |

----

 Submitted by the Compensation Committee

| Name and Address of Beneficial Owner                                                                     | Amount and Nature ofBeneficial Ownership | Percentageof Class (1) |
|---------------------------------------------------------------------------------------------------------------|------------------------------------------|------------------------|
|  Tepco Ltd.The Continental Building  25 Church Street,Hamilton HM 12, Bermuda             |  2,069,080                          |  23.87%           |
|  Private Capital Group, LLCTwo Grand Central Tower140 E. 45 th Street, Suite 15CNew York, NY 10017  |  2,000,000                          |  23.07            |
|  C.W. Gilluly, Chairman and CEO                                                                          |  2,427,048                          |  28.0             |
|  Robert J. Lynch, Jr., Director                                                                          |  6,245 (2)                          |  *                |
|  Thomas E. McMahan, Director                                                                             |  27,043                             |  *                |
|  Joshua Angelc/o Herrick, Feinstein LLP2 Park AvenueNew York, NY 10016                                   |  191,578                            |  2.21             |
|  Bruce Frankel Estatec/o Cole, Schotz PA900 Third Ave, 16 th FloorNew York, NY 10022                     |  128,901                            |  1.49             |
|  All Directors and Executive Officers as a group (4 persons)                                             |  2,460,991                          |  28.39            |

| (1)   | Beneficial ownership is direct unless otherwise indicated and includes warrants that are exercisable within 60 days.  The percentage of beneficial ownership of all Directors and executive officers as a group is based on the sum of the total number of shares outstanding and all outstanding warrants held by Directors and executiveofficers that are exercisable within 60 days. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)   | Includes 245 shares held by Mr. Lynch’s wife.                                                                                                                                                                                                                                                                                                                                               |

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Tax Fees

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| (a) | The following documents are filed as a part of this Report: |
|-----|-------------------------------------------------------------|

| 1. | Financial Statements.   The following financial statements of AMASYS Corporation are included in Item 8: |
|----|-------------------------------------------------------------------------------------------------------------------------|

| 2. | Financial Statement Schedule(s): |
|----|----------------------------------|

| 3. | Exhibits: |
|----|-----------|

| Number | Description                                                                                                                                                                                                                                                                |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1    | Specimen certificate for the Common Stock, $.01 par value, of the Registrant (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                                                                                        |
|   |                                                                                                                                                                                                                                                                       |
| 2.1    | Third Joint Chapter 11 Plan of Reorganization for Infotechnology, Inc. dated March 30, 1994, as confirmed by the Bankruptcy Court (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                                   |
|   |                                                                                                                                                                                                                                                                       |
| 2.2    | Order Confirming Third Joint Plan of Reorganization dated as of June 23, 1994 of Infotechnology, Inc. and Questech Capital Corporation (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                              |
|   |                                                                                                                                                                                                                                                                       |
| 2.3    | Assignment and Assumption Agreement between the Company and Infotechnology, Inc. (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                                                                                    |
|   |                                                                                                                                                                                                                                                                       |
| 3.1    | Restated Certificate of Incorporation of AMASYS Corporation (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                                                                                                         |
|   |                                                                                                                                                                                                                                                                       |
| 3.2    | Bylaws of AMASYS Corporation (incorporated by reference to the Company’s Form 8-A filed on October 15, 1996).                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                       |
| 10.1   | AMASYS Corporation Stock Option Plan (incorporated by reference to the Company’s Form 10-K, for the year ended June 30, 2000, filed on July 2, 2001).                                                                                                                |
|   |                                                                                                                                                                                                                                                                       |
| 10.2   | Second Amendment to Amended, Consolidated and Restated 10% Senior Subordinated Secured Note between the Company and Comtex News Network, Inc. (incorporated by reference to the Company’s Form 10-K, for the year ended June 30, 2001, filed on September 28, 2001). |
|   |                                                                                                                                                                                                                                                                       |
| 10.3   | Payment and Release Agreement between the Company and the Pension benefit Guaranty Corporation dated February 1, 2002. (incorporated by reference to the Company’s Form 10-Q, for the quarter ended December 31, 2001, filed on February 13, 2002).                  |
|   |                                                                                                                                                                                                                                                                       |
| 10.4   | Note between the Company and C.W. Gilluly dated December 21, 2001. (incorporated by reference to the Company’s Form 10-Q, for the quarter ended December 31, 2001, filed on February 13, 2002).                                                                      |
|   |                                                                                                                                                                                                                                                                       |
| 10.5   | Note between the Company and C.W. Gilluly dated February 12, 2002. (incorporated by reference to the Company’s Form 8-K filed on February 20, 2002).                                                                                                                 |
|   |                                                                                                                                                                                                                                                                       |
| 31.1   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                       |
| 32.1   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                   |

----

|                     | AMASYS CORPORATION                                                                           |
|--------------------------|----------------------------------------------------------------------------------------------|
| Date: September 28, 2009 |                                                                                         |
|                     | By :  /s/ C.W. GILLULY                                                                  |
|                     |  C.W. Gilluly                                                                           |
|                     |           President and Chief Executive Officer |

 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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