----

----

| x | QUARTERLY REPORT UNDER SECTION      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF  1934 |
|---|-----------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT UNDER SECTION      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF  1934 |
|--------|------------------------------------------------------------------------------------------|

----

----

| Nevada                                 |   | 91-2150635                             |
|----------------------------------------|--------|----------------------------------------|
| (State      or other jurisdiction      |   | (IRS      Employer Identification No.) |
| of      incorporation or organization) |   |                                   |

----

----

----

| Part I – Financial Information | Page                                                                                            |
|--------------------------------------|-------------------------------------------------------------------------------------------------|
|             |                                                                                            |   |
| Item 1.                              | Financial Statements                                                                            |   |
|             |                                                                                            |   |
|                                 | Consolidated Balance      Sheets                                                                | 4 |
|             |                                                                                            |   |
|                                 | Consolidated Statements of      Operations                                                      | 5 |
|             |                                                                                            |   |
|                                 | Consolidated Statements of Cash      Flows                                                      | 6 |
|             |                                                                                            |   |
|                                 | Notes to Consolidated Financial      Statements                                                 | 7      – 9 |
|             |                                                                                            |   |
| Item 2.                              | Management’s Discussion and Analysis      of Financial Condition and Results ofOperations | 10 |
|             |                                                                                            |   |
| Item 3.                              | Quantitative And Qualitative      Disclosures About Market Risk                                 | 14 |
|                                 |                                                                                            |   |
| Item 4(T).                           | Controls And      Procedures                                                                    | 14 |
|             |                                                                                            |   |
| Part II – Other Information    |                                                                                            |
|             |                                                                                            |   |
| Item 1.                              | Legal      Proceedings                                                                          | 15 |
|                                 |                                                                                            |   |
| Item 1A.                             | Risk      Factors                                                                               | 15 |
|             |                                                                                            |   |
| Item 2.                              | Unregistered Sales of Equity      Securities and Use of Proceeds                                | 15 |
|             |                                                                                            |   |
| Item 3.                              | Defaults Upon Senior      Securities                                                            | 15 |
|             |                                                                                            |   |
| Item 4.                              | Submission of Matters to a Vote of      Security Holders                                        | 15 |
|             |                                                                                            |   |
| Item 5.                              | Other      Information                                                                          | 15 |
|             |                                                                                            |   |
| Item 6.                              | Exhibits                                                                                        | 15 |
|             |                                                                                            |   |
|                                 | Signatures                                                                                      | 16 |

----

|   | · | general      economic and industry conditions; |
|--------|--------|------------------------------------------------|

|   | · | our      capital requirements and dependence on the sale of our equity      securities; |
|--------|--------|-----------------------------------------------------------------------------------------|

|   | · | the      liquidity of the Company’s common stock will be affected by the lack of a      trading market; |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   | · | intense      industry competition; |
|--------|--------|------------------------------------|

|   | · | fluctuations      in the prevailing industry prices of check processing      services; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | shortages      in availability of qualifiedpersonnel; |
|--------|--------|-------------------------------------------------------|

|   | · | legal      and financial implications of unexpected catastrophic    events; |
|--------|--------|-----------------------------------------------------------------------------|

|   | · | regulatory      or legislative changes effecting check processing operations;      and |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | reliance      on, and the ability to attract, keypersonnel. |
|--------|--------|-------------------------------------------------------------|

----

PART

ITEM

Consolidated 

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | June      30,2008,(Unaudited) |    |   | December      31,2007(Audited) |   |
|                                                                                                                                                              |   |                          |    |   |   |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                          |    |   |   |   |
| CURRENT      ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                          |    |   |   |   |
| Cash and Cash      Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $                             | 274,463 |   |   | $ | 283,988 |   |
| Restricted Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                          | 448,868 |   |   |   | 531,343 |   |
| Trade Receivables,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                          | 98,127  |   |   |   | 81,490 |   |
| PrepaidExpenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                          | 17,829  |   |   |   | 24,476 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| Total Current      Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                          | 839,287 |   |   |   | 921,297 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| PROPERTY      AND EQUIPMENT, NET                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                          | 52,725  |   |   |   | 60,735 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| OTHER      ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                          | 80,542  |   |   |   | 62,620 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $                             | 972,554 |   |   | $ | 1,044,652 |   |
|                                                                                                                      |   |                          |    |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                          |    |   |   |   |   |   |
| CURRENT      LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |    |   |   |   |   |   |
| ACH Settlements      Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $                             | 400,780 |   |   | $ | 514,969 |   |
| Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                          | 70,000  |   |   |   | 70,000 |   |
| Accounts Payable and Accrued      Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                          | 35,295  |   |   |   | 34,036 |   |
| Customers’    Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                          | 48,087  |   |   |   | 16,374 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| Total Current      Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                          | 554,162 |   |   |   | 635,379 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| Total    Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          | 554,162 |   |   |   | 635,379 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                          |    |   |   |   |   |   |
| Common Stock - $.001 Par Value;      75,000,000 Shares Authorized, 18,291,667      Shares Issued and Outstanding in 2008 and 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                          | 18,292  |   |   |   | 18,292 |   |
| Additional Paid-In      Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                          | 49,440  |   |   |   | 49,440 |   |
| Retained    Earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          | 350,660 |   |   |   | 341,541 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
|    Total      Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                          | 418,392 |   |   |   | 409,273 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                          |    |   |   |   |   |   |
| Total Liabilities and      Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                             | 972,554 |   |   | $ | 1,044,652 |   |

----

Consolidated

|                                                                                             |   | Three      Months EndedJune 30, |   |   |   | Six      Months EndedJune 30, |   |
|--------------------------------------------------------------------------------------------------|--------|--------------------------------------|--------|--------|--------|------------------------------------|--------|
|                                                                                             |   | 2008                                 |   |   |   | 2007                               |   |   |   | 2008 |   |   |   | 2007 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Revenues                                                                                         | $      | 314,996                              |   |   | $      | 332,657                            |   |   | $ | 575,499 |   |   | $ | 636,764 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Cost      of Revenues                                                                            |   | 184,406                              |   |   |   | 195,929                            |   |   |   | 303,150 |   |   |   | 377,890 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|      Gross      Profit                                                  |   | 130,591                              |   |   |   | 136,728                            |   |   |   | 272,349 |   |   |   | 258,873 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                                        |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|    Operating                                                                      |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|       Personnel      costs                                         |   | 33,105                               |   |   |   | 33,273                             |   |   |   | 61,392 |   |   |   | 58,328 |   |
|       Travel                                                       |   | 2,292                                |   |   |   | 2,666                              |   |   |   | 14,214 |   |   |   | 9,478 |   |
|       Other                                                        |   | 25,706                               |   |   |   | 25,711                             |   |   |   | 54,384 |   |   |   | 53,862 |   |
|         Total      Operating Expenses                    |   |  61,103                         |   |   |   |  61,650                       |   |   |   | 129,990 |   |   |   | 121,668 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|    Selling,      General & Administrative                                     |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|       Personnel      costs                                         |   | 18,750                               |   |   |   | 18,762                             |   |   |   | 35,481 |   |   |   | 47,551 |   |
|       Legal      and accounting                                    |   | 26,127                               |   |   |   | 19,085                             |   |   |   | 35,837 |   |   |   | 30,905 |   |
|       Marketing                                                    |   | 7,450                                |   |   |   | 9,100                              |   |   |   | 19,150 |   |   |   | 22,650 |   |
|       Consulting                                                   |   | 6,500                                |   |   |   | --                                 |   |   |   | 32,500 |   |   |   | -- |   |
|       Other                                                        |   | 3,569                                |   |   |   |  5,290                        |   |   |   |  4,221 |   |   |   |  6,640 |   |
|         Total      Selling, General & Administrative |   | 62,396                               |   |   |   | 52,237                             |   |   |   |  127,189 |   |   |   | 107,746 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|      Total      Expenses                                                |   | 123,499                              |   |   |   | 113,887                            |   |   |   | 257,179 |   |   |   | 229,414 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Income      from operations                                                                      | $      |   7,092                    |   |   | $      |  22,841                       |   |   | $ |  15,170 |   |   | $ |  29,459 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Other      Income (expense):                                                                     |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
|       Interest      Expense                                        |   | (1,786                               | )      |   |   | (1,931                             | )      |   |   | (3,536 | ) |   |   | (4,564 | ) |
|       Other      Expense                                           |   | --                                   |   |   |   | (14,500                            | )      |   |   | -- |   |   |   | (14,500 | ) |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Net      Income before income taxes                                                              |   |  5,306                          |   |   |   |  6,410                        |   |   |   |  11,634 |   |   |   |  10,395 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Income      tax expense                                                                          |   | 935                                  |   |   |   | 1,331                              |   |   |   |  2,514 |   |   |   |  2,346 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Net      Income                                                                                  | $      |   4,371                    |   |   | $      |   5,079                  |   |   | $ |   9,120 |   |   | $ |   8,049 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Net      Income per Share                                                                        | $      | .01                                  |   |   | $      | .01                                |   |   | $ |  .01 |   |   | $ |  .01 |   |
|                                                                                             |   |                                 |   |   |   |                               |   |   |   |   |   |   |   |   |   |
| Weighted      Average Common Shares Outstanding                                                  |   | 18,291,667                           |   |   |   | 18,291,667                         |   |   |   | 18,291,667 |   |   |   | 18,291,667 |   |

----

Consolidated

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Six      Months EndedJune 30,                                                                                       |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2008                                                                                                                     |   |   |   | 2007 |   |
|                                                                                                                                  |   |                      |   |       |   |                      |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                                     |   |   |   |   |   |
| Net Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $      | 9,120                                                                                                                    |   |   | $ | 8,049 |   |
| Adjustments to Reconcile Net      Income to Net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                                                     |   |   |   |   |   |
| Cash Provided by Operating      Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                                                                                                     |   |   |   |   |   |
| Depreciation and      Amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |     14,841                                                                                           |   |   |   |    13,386 |   |
| (Increase) Decrease in Trade      Receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (16,637                                                                                                                  | )      |   |   | 28,913 |   |
| Decrease (Increase) in Prepaid      Expenses and Other Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 6,647                                                                                                                    |   |   |   | (5,681 | ) |
| Decrease in Restricted      Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   82,475                                                                                                       |   |   |   |   20,695 |   |
| Decrease in ACH Settlements      Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (114,189                                                                                                                 | )      |   |   | (21,695 | ) |
| Increase (Decrease) in      Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 1,259                                                                                                                    |   |   |   | (26,946 | ) |
| Increase in Customer      Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 31,713                                                                                                                   |   |   |   | 1,000 |   |
| Net Cash Provided by Operating      Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 15,229                                                                                                                   |   |   |   | 17,721 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                                     |   |   |   |   |   |
| Acquisition of Property and      Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (6,832                                                                                                                   | )      |   |   | (25,243 | ) |
| Increase in Other      Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (17,922                                                                                                                  | )      |   |   | (50,000 | ) |
| Net Cash Used in Investing      Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   (24,754                                                                                                      | )      |   |   |   (75,243 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                                     |   |   |   |   |   |
| Principal  Paid on      Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | --                                                                                                                       |   |   |   | (46,000 | ) |
| Net Cash Used in Financing      Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | --                                                                                                                       |   |   |   | (46,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
| NET      DECREASE IN CASH AND CASH      EQUIVALENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | (9,525                                                                                                                   | )      |   |   | (103,522 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS – BEGINNING OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 283,988                                                                                                                  |   |   |   | 384,830 |   |
| CASH      AND CASH EQUIVALENTS – END OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $      | 274,463                                                                                                                  |   |   | $ | 281,308 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                                     |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                                                                                                     |   |   |   |   |   |
| Cash Paid During the Period for      Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $      | 3,536                                                                                                                    |   |   | $ | 4,564 |   |
|    Cash      Paid During the Period for Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $      | 2,500                                                                                                                    |   |   | $ | 25,822 |   |

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SIGNATURES

|                                                                                                                                                                                                                                                                                                                                                                                                         | UNITED      ESYSTEMS, INC.                                                     |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|
|                                                                    |                                                  |
| Date:   August 13,      2008                                                                                                                                                                                                                                                                                                                               | By:/s/      Jeffery C. Swank                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Jeffery      C. Swank                      |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Chief      Executive Officer and President |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       (Principal      Executive Officer)         |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                           |
| Date:   August 13,      2008                                                                                                                                                                                                                                                                                                                               | By:/s/      Walter Reid Green, Jr.                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Walter      Reid Green, Jr.                |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Chief      Financial Officer               |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       (Principal      Financial Officer)         |