----

----

| [   ] | REGISTRATION      STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT      OF 1934                                                                                               |
|----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                                                                   |
|                 | OR                                                                                                                                                                                                     |
|                 |                                                                                                                                                                                                   |
| [X]                  | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT      OF 1934 For      the fiscal year ended June 30, 2008                                             |
|                 | OR                                                                                                                                                                                                     |
|                 |                                                                                                                                                                                                   |
| [   ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934 For      the transition period from _____________________ to      ______________________  |
|                 | OR                                                                                                                                                                                                     |
|                 |                                                                                                                                                                                                   |
| [   ] | SHELL      COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES      EXCHANGE      ACT OF 1934 Date      of event requiring this shell companyreport:                                 |

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

| Common      Stock     |
|-----------------------|
| (Title      of Class) |

| None                  |
|-----------------------|
| (Title      of Class) |

----

| Indicate      the number of outstanding shares of each of the issuer’s capital or common      stock as of the close of the period covered by the annual      report:                                                                                                                                                                                                        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| 18,000,000      shares of common stock as at June 30, 2008                                                                                                                                                                                                                                                                                                                        |   |   |
|                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Indicate      by check mark if the registrant is a well-known seasoned issuer, as      defined in Rule 405 of the Securities Act.                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                              |   | £      Yes     R  No |
|                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| If      this report is an annual or transition report, indicate by check mark if      the registrant is not required to file reports pursuant to Section 13 or      15(d) of the Securities Exchange Act of 1934.                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                              |   | £      Yes     R      No |
|                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934      during the preceding 12 months (or for such shorter period that the      registrant was required to file such reports), and (2) has been subject to      such filing requirements for the past 90 days. |
|                                                                                                                                                                                                                                                                                                                                                                              |   | R      Yes     £      No |

|  Large      accelerated filer  £ | Accelerated      filer  £ | Non-accelerated      filer  R |
|------------------------------------------------------|------------------------------------------|-----------------------------------------|

| U.S.      GAAP                 R |  International      Financial Reporting Standards as      issued  by       £the      International Accounting Standards Board | Other           £ |
|-----------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|

| If      “Other “ has been checked in response to the previous questions, indicate      by check mark which financial statement item the registrant has elected to      follow.                                                                                    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                          | £  Item      17   £Item      18 |
|                                                                                                                                                                                                                                                                          |   |   |
| If      this is an annual report, indicate by check mark whether the registrant is      a shell company (as defined in Rule 12b-2 of the Exchange      Act).                                                                                                                  |
|                                                                                                                                                                                                                                                                          |   | R      Yes     £      No |
|                                                                                                                                                                                                                                                                          |   |   |
|                                                                                                                                                                                                                                                                          |
|  (APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE      YEARS)                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                          |   |   |
| Indicate      by check mark whether the registrant has filed all documents and reports      required to be filed by Sections 12, 13 or 15(d) of the Securities      Exchange Act of 1934 subsequent to the distribution of securities under a      plan confirmed by a court. |
|                                                                                                                                                                                                                                                                          |   | £      Yes     £      No |

----

| (i)   | correct      these typographical errors; and, |
|-----------------|-----------------------------------------------|

| (ii)   | insert      a footer on each of the financial schedules stating “The accompanying notes are an      integral part of thesestatements.” |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                                                                         |                                                    |         PANOSHAN      MARKETING CORP. |
|--------------------------------------------------------------------------------------------------------------|---------------------------------------------------------|-------------------------------------------------|
|                                                                                                         |         (A      development stage enterprise) |
|                                                                                                         |                                                    |                                            |        Index      to Financial Statements |
|                                                                                                         |                                                    |                                            |   |   |
|                                                                                                         |                                                    |                                            |   |   |
|                                                                                                         |                                                    |                                            |   |   |
|                                                                                                         |                                                    |                                            |   |   |
|                                                                                                         |                                                    |                                            |   |   |
| Report      of Registered Independent Public Accounting Firm                                                 |                                                    |                                            |   |  F-2 |
|                                                                                                         |                                                    |                                            |   |   |
| Balance      Sheets:                                                                                         |                                                    |                                            |   |   |
|     June      30, 2008, 2007, and 2006                                                   |                                                    |                                            |   |  F-3 |
|                                                                                                         |                                                    |                                            |   |   |
| Statements      of Operations:                                                                               |                                                    |                                            |   |   |
|      For      the years ended June 30, 2008, 2007, and 2006, and for                |                                                    |                                            |   |   |
|      the      period from inception, April 27, 2004, through June 30,    2008       |                                                    |                                            |   |  F-4 |
|                                                                                                         |                                                    |                                            |   |   |
| Statements      of Stockholders' Equity:                                                                     |                                                    |                                            |   |   |
|      For      the period from inception, April 27, 2004, through June 30,      2008 |                                                    |                                            |  F-5 |
|                                                                                                         |                                                    |                                            |   |   |
| Statements      of Cash Flows:                                                                               |                                                    |                                            |   |   |
|      For      the years ended June 30, 2008, 2007, and 2006, and for                |                                                    |                                            |   |   |
|      the      period from inception, April 27, 2004, through June 30,    2008       |                                                    |                                            |   |  F-6 |
|                                                                                                         |                                                    |                                            |   |   |
| Notes      to Financial Statements:                                                                          |                                                    |                                            |   |   |
|     June      30, 2008, 2007, and 2006                                                   |                                                    |                                            |   |  F-7 |
|                                                                                                         |                                                    |                                            |   |   |

----

| Bateman      & Co., Inc., P.C. |                                 |
|------------------------------------|--------------------------------------|
| Certified      Public Accountants  |                                 |
|                               |                                 |
|                               | 19      Briar Hollow Lane, Suite 115 |
|                               | Houston,      Texas 77027            |
|                               | (713)      552-9800                  |
|                               | FAX      (713) 552-9700              |
|                               | www.batemanhouston.com               |

----

|         PANOSHAN      MARKETING CORP.                                     |                |
|-------------------------------------------------------------------------------------|---------------------|
|         (A      development stage enterprise)                             |                |
|                                                                                | Balance      Sheets |   |
|                                                                                |                |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   | June      30, |   |   |   |   |
|                                                                                |                | 2008 |   |   | 2007 |   |   | 2006 |   |
| ASSETS                                                                              |                |   |   |   |   |   |   |   |   |
|   Current      assets:                                                    |                |   |   |   |   |   |   |   |   |
|     Cash      in bank                                           |                | $ | 10,265 |   |   | $ | 2,659 |   |   | $ | 17,510 |   |
|       Total      current assets                       |                |   | 10,265 |   |   |   | 2,659 |   |   |   | 17,510 |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|   Other      assets:                                                      |                |   |   |   |   |   |   |   |   |   |   |   |
|     Marketing      rights                                       |                |   | - |   |   |   | 100 |   |   |   | 100 |   |
|     Prepaid      loan fees, net of $208 amortization            |                |   | 2,292 |   |   |   |   |   |   |   |   |   |
|     Deferred      registration costs                            |                |   | - |   |   |   | - |   |   |   | 20,857 |   |
|       Total      other assets                         |                |   | 2,292 |   |   |   | 100 |   |   |   | 20,957 |   |
|       Total      assets                               |                | $ | 12,557 |   |   | $ | 2,759 |   |   | $ | 38,467 |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES                                                                         |                |   |   |   |   |   |   |   |   |   |   |   |
|   Current      liabilities:                                               |                |   |   |   |   |   |   |   |   |   |   |   |
|     Account      payable, related parties                       |                | $ | 1,836 |   |   | $ | 1,115 |   |   | $ | - |   |
|     Interest      payable                                       |                |   | 493 |   |   |   |   |   |   |   |   |   |
|       Total      current liabilities                  |                |   | 2,329 |   |   |   | 1,115 |   |   |   | - |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|   Long      term liabilities:                                             |                |   |   |   |   |   |   |   |   |   |   |   |
|     Notes      payable, related parties                         |                |   | 39,000 |   |   |   | - |   |   |   | - |   |
|       Total      long term liabilities                |                |   | 39,000 |   |   |   | - |   |   |   | - |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|       Total      liabilities                          |                |   | 41,329 |   |   |   | 1,115 |   |   |   | - |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY                                                           |                |   |   |   |   |   |   |   |   |   |   |   |
|   Common      stock, no par value, unlimited authorized,                  |                |   |   |   |   |   |   |   |   |   |   |   |
|      18,000,000      shares issued and outstanding         |                |   | 39,243 |   |   |   | 39,243 |   |   |   | 60,100 |   |
|   Contributed      capital                                                |                |   | 15,000 |   |   |   | 10,000 |   |   |   | 5,000 |   |
|   Deficit      accumulated during the development stage                   |                |   | (83,015 | ) |   |   | (47,599 | ) |   |   | (26,633 | ) |
|       Total      stockholders' equity                 |                |   | (28,772 | ) |   |   | 1,644 |   |   |   | 38,467 |   |
|       Total      liabilities and stockholders' equity |                | $ | 12,557 |   |   | $ | 2,759 |   |   | $ | 38,467 |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these    statements.            |                |   |   |   |   |   |   |   |   |
|                                                                                |                |   |   |   |   |   |   |   |   |   |   |   |

----

|         PANOSHAN      MARKETING CORP.                          |   |
|--------------------------------------------------------------------------|--------|
|         (A      development stage enterprise)                  |   |
|         Statements      of Operations                          |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   | Cumulative, |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   | April      27, 2004 |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   | Through |   |   | Year      Ended June 30, |   |   |   |   |
|                                                                     |   | June      30, 2008 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                 |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General      and administrative expenses:                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Professional      fees                                       |   |   | 59,951 |   |   |   | 27,371 |   |   |   | 14,329 |   |   |   | 6,954 |   |
|   Management      fees                                         |   |   | 18,000 |   |   |   | 5,000 |   |   |   | 5,000 |   |   |   | 3,000 |   |
|   Other      general and administrative                        |   |   | 4,349 |   |   |   | 2,330 |   |   |   | 1,637 |   |   |   | 105 |   |
|     Total      operating expenses                    |   |   | 82,300 |   |   |   | 34,701 |   |   |   | 20,966 |   |   |   | 10,059 |   |
|     Income      (loss) from operations               |   |   | (82,300 | ) |   |   | (34,701 | ) |   |   | (20,966 | ) |   |   | (10,059 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest      expense                                        |   |   | (715 | ) |   |   | (715 | ) |   |   | - |   |   |   | - |   |
|     Income      (loss) before taxes                  |   |   | (83,015 | ) |   |   | (35,416 | ) |   |   | (20,966 | ) |   |   | (10,059 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      (credit) for taxes on income:                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Net      income (loss)                           |   | $ | (83,015 | ) |   | $ | (35,416 | ) |   | $ | (20,966 | ) |   | $ | (10,059 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted earnings (loss) per common share                  |   |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of shares outstanding                       |   |   |   | 18,000,000 |   |   |   | 18,000,000 |   |   |   | 18,000,000 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these    statements. |   |   |   |   |   |   |   |   |   |

----

|         PANOSHAN      MARKETING CORP.                          |   |
|--------------------------------------------------------------------------|--------|
|         (A      development stage enterprise)                  |   |
|        Statements      of Stockholders' Equity                      |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   | During      the |   |   |   |   |
|                                                                     |   | Common      Stock |   |   | Contributed |   |   | Development |   |   |   |   |
|                                                                     |   | Shares |   |   | Amount |   |   | Capital |   |   | Stage |   |   | Total |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Inception,      April 27, 2004                                     |   |   | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|  Shares      issued for cash                                        |   |   | 5,400,000 |   |   |   | 60,000 |   |   |   |   |   |   |   |   |   |   |   | 60,000 |   |
|  Shares      issued for marketing rights                            |   |   | 12,600,000 |   |   |   | 100 |   |   |   |   |   |   |   |   |   |   |   | 100 |   |
|  Development      stage net income (loss)                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (382 | ) |   |   | (382 | ) |
|  Balances,      June 30, 2004                                       |   |   | 18,000,000 |   |   |   | 60,100 |   |   |   | - |   |   |   | (382 | ) |   |   | 59,718 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Services      contributed by officers and                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    managers      for which no stock was issued            |   |   |   |   |   |   |   |   |   |   | 5,000 |   |   |   |   |   |   |   | 5,000 |   |
|  Development      stage net income (loss)                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (16,192 | ) |   |   | (16,192 | ) |
|  Balances,      June 30, 2005                                       |   |   | 18,000,000 |   |   |   | 60,100 |   |   |   | 5,000 |   |   |   | (16,574 | ) |   |   | 48,526 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Development      stage net income (loss)                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (10,059 | ) |   |   | (10,059 | ) |
|  Balances,      June 30, 2006                                       |   |   | 18,000,000 |   |   |   | 60,100 |   |   |   | 5,000 |   |   |   | (26,633 | ) |   |   | 38,467 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Services      contributed by officers and                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|    managers      for which no stock was issued            |   |   |   |   |   |   |   |   |   |   | 5,000 |   |   |   |   |   |   |   | 5,000 |   |
|  Deferred      registration costs charged                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    against      common stock proceeds                     |   |   |   |   |   |   | (20,857 | ) |   |   |   |   |   |   |   |   |   |   | (20,857 | ) |
|  Development      stage net income (loss)                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (20,966 | ) |   |   | (20,966 | ) |
|  Balances,      June 30, 2007                                       |   |   | 18,000,000 |   |   |   | 39,243 |   |   |   | 10,000 |   |   |   | (47,599 | ) |   |   | 1,644 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Services      contributed by officers and                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|    managers      for which no stock was issued            |   |   |   |   |   |   |   |   |   |   | 5,000 |   |   |   |   |   |   |   | 5,000 |   |
|  Development      stage net income (loss)                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (35,416 | ) |   |   | (35,416 | ) |
|  Balances,      June 30, 2008                                       |   |   | 18,000,000 |   |   | $ | 39,243 |   |   | $ | 15,000 |   |   | $ | (83,015 | ) |   | $ | (28,772 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these    statements. |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|         PANOSHAN      MARKETING CORP.                                      |   |
|--------------------------------------------------------------------------------------|--------|
|         (A      development stage enterprise)                              |   |
|        Statements      of Cash Flows                                            |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Cumulative, |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | April      27, 2004 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Through |   |   | Year      Ended June 30, |   |   |   |   |
|                                                                                 |   | June      30, 2008 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|  Cash      flows from operating activities:                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Net      income (loss)                                                   |   | $ | (83,015 | ) |   | $ | (35,416 | ) |   | $ | (20,966 | ) |   | $ | (10,059 | ) |
|   Adjustments      to reconcile net income                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      (loss)      to cash provided (used) by                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      development      stage activities:                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Services      contributed by officers                  |   |   | 15,000 |   |   |   | 5,000 |   |   |   | 5,000 |   |   |   | - |   |
|      Amortization      of loan fees                         |   |   | 208 |   |   |   | 208 |   |   |   | - |   |   |   | - |   |
|      Writeoff      of marketing rights                      |   |   | 100 |   |   |   | 100 |   |   |   | - |   |   |   | - |   |
| Changes      in current assets and liabilities:                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Accounts      payable, related parties     |   |   | 1,836 |   |   |   | 721 |   |   |   | 1,115 |   |   |   | - |   |
|        Interest      payable                      |   |   | 493 |   |   |   | 493 |   |   |   | - |   |   |   | - |   |
|        Net      cash flows from                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|          operating      activities      |   |   | (65,378 | ) |   |   | (28,894 | ) |   |   | (14,851 | ) |   |   | (10,059 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash      flows from investing activities:                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Acquisition      of marketing rights                               |   |   | 100 |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Less,      Common stock issued therefor                            |   |   | (100 | ) |   |   | - |   |   |   | - |   |   |   | - |   |
|        Net      cash flows from                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|          investing      activities      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash      flows from financing activities:                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Proceeds      from sale of common stock                            |   |   | 39,143 |   |   |   | - |   |   |   | (20,857 | ) |   |   | - |   |
|    Change      in deferred registration costs                         |   |   | - |   |   |   | - |   |   |   | 20,857 |   |   |   | (5,058 | ) |
|    Prepaid      loan fees incurred                                    |   |   | (2,500 | ) |   |   | (2,500 | ) |   |   | - |   |   |   | - |   |
|    Proceeds,      notes payable, related parties                      |   |   | 39,000 |   |   |   | 39,000 |   |   |   | - |   |   |   | - |   |
|        Net      cash flows from                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|          financing      activities      |   |   | 75,643 |   |   |   | 36,500 |   |   |   | - |   |   |   | (5,058 | ) |
|        Net      cash flows                        |   |   | 10,265 |   |   |   | 7,606 |   |   |   | (14,851 | ) |   |   | (15,117 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash      and equivalents, beginning of period                                 |   |   | - |   |   |   | 2,659 |   |   |   | 17,510 |   |   |   | 32,627 |   |
|  Cash      and equivalents, end of period                                       |   | $ | 10,265 |   |   | $ | 10,265 |   |   | $ | 2,659 |   |   | $ | 17,510 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Supplemental      cash flow disclosures:                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Cash      paid for interest                                        |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|    Cash      paid for income taxes                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Noncash      investing and financing activities:                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Stock      issued for marketing rights                             |   |   | 100 |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Services      contributed by officers                              |   |   | 15,000 |   |   |   | 5,000 |   |   |   | 5,000 |   |   |   | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements. |   |   |   |   |   |   |   |   |   |

----

----

----

|                                                                                                                                                                       |   | Balances,June      30,2008 |                 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|----------------------|
| Promissory      note to CanAm Capital Corp.,  dated      May 21, 2008, due November 27,  2010      with interest at 5% per annum,  Unsecured |   | $                          |   20,000        |   |
| Promissory      note to CanAm Capital Corp.,  dated      Feb 6, 2008, due Feb 6, 2010,  with      interest at 5% per annum,  Unsecured       |   |                       |     19,000 |   |
|      Total                                                                                                                                        |   | $                          | 39,000               |   |
| Less,      Amount due within one year                                                                                                                                      |   |                       | -                    |   |
|      Noncurrent      portion                                                                                                                      |   | $                          | 39,000               |   |
|                                                                                                                                                                       |   |                       |                 |   |

----

|                                                 |   | Year      EndedJune      30,2008 |    |   | Year      EndedJune      30,2007 |   |   | Year      EndedJune      30,2006 |   |
|------------------------------------------------------|--------|----------------------------------|---------|--------|----------------------------------|--------|--------|----------------------------------|--------|
| Refundable      Canadian income tax attributable to: |   |                             |    |   |                             |   |   |                             |   |
|   Current      operations                  |   | $                                | (12,000 | )      |                             | $      | (7,200 | )                                |   | $ | (3,400 | ) |
|   Less,      Nondeductible expenses        |   |                             | 1,700   |   |                             |   | 1,700  |                             |   |   | - |   |
|   Less,      Change in valuation allowance |   |                             | 10,300  |   |                             |   | 5,500  |                             |   |   | 3,400 |   |
|     Net      refundable amount   |   | $                                | -       |   |                             | $      | -      |                             |   | $ | - |   |

|                                                |   | June      30,2008 |    |   | June      30,2007 |   |    | June      30,2006 |   |
|-----------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|---------|-------------------|--------|
| Deferred      tax asset attributable to:            |   |              |    |   |              |   |    |              |   |
|   Net      operating loss carryover       |   | $                 | 23,100  |   |              | $      | 12,800  |              |   | $ | 7,300 |   |
|   Less,      Valuation allowance          |   |              | (23,100 | )      |              |   | (12,800 | )                 |   |   | (7,300 | ) |
|     Net      deferred tax asset |   | $                 | -       |   |              | $      | -       |              |   | $ | - |   |

----

|     |                                    |   |   |       |   | Price      Per |   |   |   |   |
|----------|-----------------------------------------|--------|--------|------------|--------|----------------|--------|--------|--------|--------|
| Date     | Description                             |   | Shares |       |   | Share          |   |   | Amount |   |
|     |                                    |   |   |       |   |           |   |   |   |   |
| 04/27/04 | Shares      issued for marketing rights |   |   | 12,600,000 |   |           | $      | .00000 |   |   | $ | 100 |   |
| 04/27/04 | Shares      issued for cash             |   |   | 5,400,000  |   |           | $      | .01111 |   |   |   | 60,000 |   |
| 06/30/06 | Cumulative      Totals                  |   |   | 18,000,000 |   |           |   |   |   |   | $ | 60,100 |   |

----

| ·   | FASB      Statements |
|--------------------|----------------------|

| ·   | Number      148, Accounting for      Stock-Based Compensation – Transition and Disclosure – an amendment of      FASB Statement No. 123, |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Number      149, Amendment of      Statement 133 on Derivative Investments and Hedging      Activities, |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | Number      150, Financial      Instruments with Characteristics of Both Liabilities and      Equity, |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Number      151, Inventory Costs –      an amendment of ARB 43, Chapter4, |
|--------------------|---------------------------------------------------------------------------------|

| ·   | Number      152, Accounting for Real      Estate Time-Sharing Transactions – an amendment of FASB Statements No. 66      and 67, |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Number      153, Exchanges of      Nonmonetary Assets – an amendment of APB Opinion No.      29, |
|--------------------|--------------------------------------------------------------------------------------------------------|

| ·   | Number      154, Accounting for      Changes and Error Corrections – a replacement of APB Opinion No. 20 and      FASB Statement No. 3, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Number      155, Accounting for      Certain Hybrid Financial Statements – an amendment of FASB Statements No.      133 and 140, |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Number      156, Accounting for      Servicing of Financial Assets – an amendment of FASB Statement No.      140, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------|

| ·   | and      FASB Interpretations |
|--------------------|-------------------------------|

| ·   | Number      45, Guarantor’s      Accounting and Disclosure Requirements for Guarantees, Including Indirect      Guarantees of Indebtedness of Others – and Interpretation of FASB      Statements No. 5, 57, and 107 and rescission of FASB Interpretation No.      34, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Number      46, Consolidation of      Variable Interest Entities – an Interpretation of ARB No.      51, |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | Number      47, Accounting for      Conditional Asset RetirementObligations, |
|--------------------|------------------------------------------------------------------------------|

| ·   | Number      48, Accounting for      Uncertainty in Income Taxes, |
|--------------------|------------------------------------------------------------------|

----

| Exhibit      Number |  Description                                                                                                                                                                                                                    |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                 | Articles      of Incorporation (1)                                                                                                                                                                                                   |
| 1.2                 | Bylaws      (1)                                                                                                                                                                                                                      |
| 4.1                 | Warrant      Agency Agreement (1)                                                                                                                                                                                                    |
| 4.2                 | License      Agreement dated July 19, 2004 entered into with Server Researches Inc.      (1)                                                                                                                                         |
| 12.1                | Certification      required by Rule 13a-14(a) or Rule 15d-14(a) – Chief Executive Officer and      Principal Financial Officer (2)                                                                                             |
| 13.1                | Certification      required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter      63 of Title 18 of the United States code (18 U.S.C. 1350) – Chief      Executive Officer and Principal Financial Officer  (2) |

----

|                        | PANOSHAN MARKETING      CORP. |                                                                                            |
|-----------------------------|-------------------------------|-------------------------------------------------------------------------------------------------|
|                        |                          |                                                                                            |   |
| Date:      January 28, 2009 | By:                           | /s/ David      J. Berardo                                                                  |   |
|                        |                          | Name:      David J. Berardo                                                                     |   |
|                        |                          | Title:      President (Principal Executive Officer), Chief Financial Officer ,and      Director |   |
|                        |                          |                                                                                            |   |

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