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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549FORM 10-K(Mark One)

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

For the fiscal year ended December 31, 2009

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

For the transition period from ___________to
___________Commission File No. 000-27195EWRX INTERNET SYSTEMS, INC.(Name of small business
issuer in its charter)

|NEVADA                                   | 98-0117139                       
|---------------------------------------- | ---------------------------------
|(State or other jurisdiction of          | (IRS Employer Identification No.)
|incorporation or organization)           |                                  
|                                         |                                  
|4950 Yonge St. Suite 910, Toronto,       |                                  
|Ontario, Canada                          | **M2N 6K**                       
|(Address of principal executive offices) | (Zip Code)                       

(416) 298-9606(Registrants telephone number,
including area code)

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



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

Securities registered under Section 12(g) of the Exchange
Act:Common Stock, 100,000,000, par value $0.001Preferred Stock, 500,000, par value $0.01(Title of
class)

Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act. Yes[ ]
No[x]

Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act. Yes[ ]
No[x]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).
Yes[ ] No[ ]

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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. Yes[x]  No[ ]

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrants
knowledge, in definitive proxy or information statements incorporated by
reference Part III of this Form 10-K or any amendment to this Form 10-K. [x]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act.

|Large accelerated filer                       | [ ] | Accelerated filer         | [ ]
|--------------------------------------------- | --- | ------------------------- | ---
|                                              |     |                           |    
|Non-accelerated filer                         | [ ] | Smaller reporting company | [x]
|(Do not check if a smaller reporting company) |     |                           |    

Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Act). Yes [x] No [ ] As of
March 12, 2010, the registrant had 100,000,000 shares of its common stock
outstanding. Documents Incorporated by Reference: None.

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TABLE OF CONTENTS

|            |                                                                                                                          | PAGE
|----------- | ------------------------------------------------------------------------------------------------------------------------ | ----
|            | PART I                                                                                                                   |     
|ITEM 1.     | Business                                                                                                                 | 1   
|ITEM 1A.    | Risk Factors                                                                                                             | 4   
|ITEM 2.     | Properties                                                                                                               | 4   
|ITEM 3.     | Legal
      Proceedings                                                                                                  | 5   
|ITEM 4.     | Submission of Matters to a Vote of Security
      Holders                                                                | 5   
|            |                                                                                                                          |     
|            | PART II                                                                                                                  |     
|ITEM 5.     | Market for Registrants
      Common Equity, Related Stockholder Matters and Issuer Purchases of
      Equity Securities | 5   
|ITEM 6.     | Selected Financial
      Data                                                                                            | 6   
|ITEM 7.     | Managements Discussion and Analysis of Financial Condition
      and Results of Operation                               | 6   
|ITEM 7A.    | Quantitative and
      Qualitative Disclosures About Market Risk                                                         | 10  
|ITEM 8.     | Financial Statements and Supplementary Data                                                                              | 10  
|ITEM 9.     | Changes in and
      Disagreements with Accountants on Accounting and Financial
      Disclosure                         | 11  
|ITEM 9A(T). | Controls
      and Procedures                                                                                            | 11  
|            |                                                                                                                          |     
|            | PART III                                                                                                                 |     
|ITEM 10.    | Directors, Executive
      Officers and Corporate Governance                                                             | 12  
|ITEM 11.    | Executive Compensation                                                                                                   | 14  
|ITEM 12.    | Security Ownership of
    Certain Beneficial Owners and Management and Related Stockholder Matters                       | 15  
|ITEM 13.    | Certain Relationships
      and Related Transactions, and Director Independence                                          | 15  
|ITEM 14.    | Principal Accounting Fees and Services                                                                                   | 16  
|            |                                                                                                                          |     
|            | PART IV                                                                                                                  |     
|ITEM 15.    | Exhibits, Financial
      Statement Schedules                                                                            | 16  
|            |                                                                                                                          |     
|SIGNATURES  | 18                                                                                                                      

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PART I

ITEM 1. BUSINESS

a) Business Development

EWRX Internet Systems Inc. (the Company, Registrant or 
EWRX) was incorporated in the State of Nevada on June 25, 1997. The Common
Stock of the Company traded on the OTC Bulletin Board (OTCBB) under the
trading symbol EWRX until October 18, 1999 when they traded under the symbol
EWRXE. The E was added by the National Association of Securities Dealers
Inc. (NASD) to reflect the Companys inability to meet NASD requirements for
listing on the OTCBB. On November 17, 1999, the Companys stock began trading on
the pink sheets under the symbol EWRX. Prior to 1999, the Companys sole
business was in the Resource Sector. The Company was known as Europa Resources
Inc and was held in a joint venture with a private Ukraine company whose primary
business purpose was the development and production of industrial garnets for
abrasive applications (the Joint Venture).

In the fourth quarter of 1998, the Company elected to abandon
the Joint Venture which represented substantially all of the Companys assets at
the time. EWRX was able to recover 2,000,000 shares it used as part of the
purchase arrangement for the Joint Venture and subsequently wrote off and closed
all of its subsidiary operations.

Effective January 27, 2000, the Company re-listed its common
stock on the OTCBB, following clearance of its form 10-SB by the SEC (see
Exhibit 15 website link). This listing was revoked by the SEC by an
Administrative Order dated August 28, 2006.

EWRX now wishes to re-list its Company and has commissioned an
audit of the Companys books and records. This audit is effective through
December 31, 2009. EWRX is in compliance with the requirements of registration
in the State of Nevada. The Corporate Number (EWRX) in Nevada is; C13672-97,
EWRX has arranged for local representation through an approved agent by the name
of; Corporate Trust Company of Nevada, 6100 Neil Road (STE500), Reno, NV
89511.

The current management acquired EWRX through EWRXs interest in
acquisition of software owned by Navitex Canada Inc. (Navitex). In the latter
part of April 2002, the principles of EWRX suggested that Navitex Canada Inc.
became the majority shareholders of EWRX through the issuance of shares for
consideration of debt owed to Navitex under an agreement to purchase software
called Instant Recall and owned by Navitex. As a result of this agreement, the
current management took over the controlling interest of EWRX.

The Company had accumulated a very large outstanding debt and
had no tangible assets, other than the software it had acquired from Navitex.
The new management focused the majority of its efforts on reducing the Companys
outstanding debt which contributed to a delay in bringing the software to market
and the Companys records up to date. By the Spring of 2005, the Company was
finally stabilized and in a position to move ahead with its plans to market its
software and begin bringing its financial statements up to date and preparing
for anticipated demand for its software.

As a result of development in the marketplace it became
necessary for the Company to spend a very considerable amount of time bringing
its software to the next stage of development. The SATA mother boards were
becoming a market consideration and to remain abreast of the competition we were
required to develop our software to meet this demand. This of course took time
away from other considerations and delayed our market penetration.

In the early part of 2006, the Company was able to bring its
operations into a current state and commission an audit of its affairs. The
result of these audits was the filings the Company made on December 5, 2006.
This filing was later withdrawn as it was filed in form 10SB-12(b) instead of
10SB-12(g). Several other deficiencies in this filing were noted as well, which
required correction. The Company re-filed its 10SB-12(g) on May 11, 2007. The
SEC reviewed the Form 10SB-12(g) and, pursuant to comments, we filed three
subsequent amendments. After our third Amendment to the Form 10SB-12(g) filed on
February 8, 2008, the SEC had no additional comments.

1

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In April 2006, without the Companys knowledge, iMusic
contacted our transfer agent and registered new directors, officers and a
transfer agent for EWRX. iMusic is a company that fraudulently attempted to
steal our identity. They were unsuccessful and when the management of EWRX
became aware of iMusic actions the SEC was notified and advised that these
actions were without the Companys knowledge or approval. While investigating
this matter, EWRXs transfer agent was contacted. It was discovered that the
agent knew of the iMusic action but did not advise anyone at the Company. The
State of Nevada was contacted as well. It was at this time that management
discovered that iMusic perpetrated this fraud.

On July 26, 2006 the Commission announced the temporary
suspension of the Companies Securities. This notice was sent to the Company by
the Commission. The Company never received this notice. By the time the Company
became aware of this action, the Commission had issued on August 28, 2006 an
order revoking EWRX Internet Systems Inc. registration.

EWRX has not been involved in any bankruptcy, receivership or
similar proceeding. In addition, other than the transactions discussed above,
EWRX has not had any material reclassification, merger, consolidation, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

(b) Business of
Issuer

EWRX is a development stage company in the software development
and marketing industry. The Company has been in negotiations with Navitex Canada
Inc. (Navitex) to acquire the software developed under the trade name
Flashback. In November 2001, EWRX began negotiations with Navitex to acquire
the software developed by Navitex for recovery and restoration of lost and or
corrupted files on computers with Windows operating systems. These negotiations
culminated in a contract for the purchase being signed on November 08, 2001 (see
Exhibit 5). The financial terms of the agreement could not be met by EWRX and as
a result there were several revisions and changes to the original agreement. On
or about April 15, 2002, the then-Board of Directors proposed that to settle the
Navitex debt and avoid any legal action by Navitex that an accommodation be made
giving Navitex shareholders control of EWRX in settlement of any responsibility
to Navitex.

The offer was accepted by the shareholders of Navitex, who took
over the operational control of the Company. Navitex negotiated another contract
with EWRX for software formerly called Flashback but now called Instant
Recall. This software will help EWRX establish a sales and marketing team in
the industry. EWRX is also negotiating for proven software in the educational
resource sector. If successful, this would be a very desirable development for
the Company as well. While EWRX is a relative newcomer to this industry,
management believes that with the right product and the support of an
experienced group in the distribution and sales fields, the Company will be able
to penetrate the marketplace. The industry is receptive to proven new products
and where the product has unique features, it has an interest in testing the
product to prove the potential.

The limited business operations of the Company, currently
involve its development of the software market for the product Instant Recall
and the further opportunities that may present themselves in this business
sector. The only other activity to be conducted by the Company is to maintain
its good standing in the State of Nevada and to seek out and investigate the
acquisition of any viable business opportunity by purchase and exchange for
securities of the Company or pursuant to a reorganization or merger through
which securities of the Company will be issued or exchanged.

(1). Principle Products and Services

The Company holds the rights to Instant Recall a software
product designed for security of the operating system of computers. The major
features of the product are the ability to recover data that may have been lost
or corrupted and the speed at which it can do so. It is designed to operate on
Windows operating systems from Windows 95 to and including Windows XP. The
product has been in a constant state of development and innovation since it was
acquired by the Company. The most recent is the refinement for the SATA drives
that have become so popular in the OEM markets. Instant Recall is a unique and
essential piece of software for the OEM manufacturers. It uses a very limited
amount of space on the hard drive, is fast and it protects the computer from
crashing.

Instant Recallis a Windows® -based operating system
recovery and restore program that allows the user to restore the computer to the
position before a problem was encountered. It does not require a second hard
disk or external backup device.

2

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It does not consume extra space on the same hard
drive. Instant Recall protects against crashes, mistakes and virus attacks by
restoring the operating system, all application programs, critical files and
data. This is done in less than a minute. It offers a much different approach to
fix a computers problems. Even when the operating system is down and not
bootable, Instant Recall can still run and restore. Instant Recall does not
require a second hard disk or external backup device and also does not consume
extra space on the same hard drive and it minimizes the impact of the hard disk
when hit by viruses and also restores the hard disk to the previous stage prior
to the virus attack (provided that the save copy is virus free). Any infection
or non-physical damage to the hard disk is reversed by Instant
Recall.

Instant Recallis great for publicly used computers such
as schools, libraries and internet cafes. It is also suitable for government
agencies and small to large corporate users where all users use their PCs as
workstations that run from a network and store data on servers.

For example, in a library or a school, if one or more users
corrupted the system, it is difficult to clean up and restore to a perfectly
running status. But with Instant Recall, it will only take a few seconds to
retrieve the systems and the data back to a clean system. Another example would
be in a business environment; if a PC is down (an almost daily occurrence), it
would usually take an IT person hours to repair. As a result, this downtime can
end up being very costly to the company. With Instant Recall,the staff
or the IT person can fix it within seconds.

The market for Instant Recall is primarily the OEM and
related industries. Although a substantial after market exists, it is more
costly to penetrate and less structured. The Company, however, believes that it
may be worthwhile to enter either or both of the retail and consumer market
places.

(2). Distribution methods of the products or services

In the OEM markets, the Companys product is distributed by
courier service or overland freight. The product is not subject to any weather
or other related concerns, is light and very durable once packed in a bulk
container or shipping box. Orders are processed at the point of manufacture and
are shipped direct to the end user.

(3). Status of any publicly announced new product or services

The Company has not announced any new product of service.

(4). Competitive business conditions and the small business issuers competitive
position in the industry and methods of competition

While the software industry is a very large and well developed
industry and dominated by multi-national players, the niche markets are still
very much open to new players. Software that meets specific requirements and has
certain unique features is sought after by manufacturers and others looking for
a competitive advantage. Instant Recall can fill that requirement and remain
competitive in the retail marketplace. The Company is continuing to monitor the
competition and its overall position therein, with an eye to capitalizing on any
available opportunity.

(5). Sources of availability of raw materials and the names of principal
suppliers

The Company does not have and its business does not rely on raw
materials. The Company does not have any sources or contacts that provide raw
materials.

(6). Dependence on one or a few major customers

The Company has not established a customer base at this time
except for the contacts available to it from the continuance of business
developed by Navitex Canada Inc. These contacts will need to be nurtured and
established by personal contact and sales by EWRX personnel. The Company will be
dependent upon the goodwill currently developed by Navitex and the skill and
determination of its sales staff for its entry into the market and no assurance
can be asserted that EWRX will be successful in the development of that
business.

3

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(7). Patents, Trademarks, licenses, franchises, concession, royalty agreements
or labor contract, including duration

The company intends to apply for patents on its software
product  Instant Recall in the near future.

(8). Need for any governmental
  approval of principal products or services

There is no need for any governmental
  approval of the Companys products or services.

(9). Effect of existing or probable governmental regulations on the business

There are currently no governmental regulations on the
business.

(10). Estimate of the amount spent during each of the last two fiscal years on
research and development activities, and if applicable the extent to which the
cost of such activities are borne directly by customers

While most of the cost of research for Instant Recall was
expended in previous years by Navitex, the Company has continued to support the
requirement to remain in a competitive position. These expenditures were
supported by one of the principles and as such were not reported as research and
development. These expenditures amounted to approximately $25,000.00 per annum.

(11). Costs and effects of compliance with environmental laws (federal, state
and local)

The Company has not incurred any costs associated with
compliance with environmental laws and does not expect to have any costs related
to environmental laws. The product carries no risk to the public and has no
environmental consequences. Management does not therefore anticipate any
interference with its activities from this standpoint.

(12). Number of total employees and number of full time employees

The Company does not have any paid employees at this time.

We do not need government approval for our principal products or services.

The Company has no property or business. Its principal
executive office address is the business office address of its accountant and
Venture Strategists. This address is provided to the Company at no cost. Because
the Company has no business, its activities have been limited to maintaining
its standing in the State of Nevada and, recently, with preparing this
Registration Statement and the accompanying financial statements. These
activities have consumed the majority of managements time. Accordingly, the
costs in providing the use of its office have been minimal.

Once EWRX has sufficient cash flow to justify hiring full or
part time staff, it will seek a permanent office location to conduct its
business activities.

ITEM 1A. RISK FACTORS

Not applicable because we are a smaller reporting company.

ITEM 2. PROPERTIES

The Company has no property or business. Its principal
executive office address is the business office address of its accountant and
Venture Strategists. This address is provided to the Company at no cost. Because
the Company has no business, its activities have been limited to maintaining
its standing in the State of Nevada and, recently, with preparing this
Registration Statement and the accompanying financial statements. These
activities have consumed the majority of managements time. Accordingly, the
costs in providing the use of its office have been minimal.

4

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Once EWRX has sufficient cash flow to justify hiring full or
part time staff, it will seek a permanent office location to conduct its
business activities

ITEM 3. LEGAL PROCEEDINGS

There are no pending legal proceedings to which the Company is
a party or in which any director, officer or affiliate of the Company, any owner
of record or beneficially of more than 5% of any class of voting securities of
the Company, or security holder is a party adverse to the Company or has a
material interest adverse to the Company. The Companys property is not the
subject of any pending legal proceedings.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS

None.

PART II

ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Public Market for Common Stock

During the year ended December 31, 2009, there was no trading
market for our Common Stock.

The Securities and Exchange Commission has adopted Rule 15g-9
which establishes the definition of a penny stock, for purposes relevant to
us, as any equity security that has a market price of less than $5.00 per share
or with an exercise price of less than $5.00 per share, subject to certain
exceptions. For any transaction involving a penny stock, unless exempt, the
rules require: (i) that a broker or dealer approve a persons account for
transactions in penny stocks and (ii) the broker or dealer receive from the
investor a written agreement to the transaction, setting forth the identity and
quantity of the penny stock to be purchased. In order to approve a persons
account for transactions in penny stocks, the broker or dealer must (i) obtain
financial information and investment experience and objectives of the person;
and (ii) make a reasonable determination that the transactions in penny stocks
are suitable for that person and that person has sufficient knowledge and
experience in financial matters to be capable of evaluating the risks of
transactions in penny stocks. The broker or dealer must also deliver, prior to
any transaction in a penny stock, a disclosure schedule prepared by the
Commission relating to the penny stock market, which, in highlight form, (i)
sets forth the basis on which the broker or dealer made the suitability
determination and (ii) that the broker or dealer received a signed, written
agreement from the investor prior to the transaction. Disclosure also has to be
made about the risks of investing in penny stocks in both public offerings and
in secondary trading, and about commissions payable to both the broker-dealer
and the registered representative, current quotations for the securities and the
rights and remedies available to an investor in cases of fraud in penny stock
transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the
limited market in penny stocks.

Holders

As of December 31, 2009, 100,000,000 shares of common stock are
issued and outstanding. There are approximately 134_shareholders of our common
stock and each shareholder of our common stock is entitled to one vote for each
share on all matters submitted to a stockholder vote.

Holders of common stock do not have cumulative voting rights.

Therefore, holders of a majority of the shares of common stock
voting for the election of directors can elect all of the directors. Holders of
our common stock representing a majority of the voting power of our capital
stock issued and outstanding and entitled to vote, represented in person or by
proxy, are necessary to constitute a quorum at any meeting of our stockholders.
A vote by the holders of a majority of our outstanding shares is required to
effectuate certain fundamental corporate changes such as liquidation, merger or
an amendment to our Articles of Incorporation.

5

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Although there are no provisions in our charter or by-laws that
may delay, defer or prevent a change in control, we are authorized, without
shareholder approval, to issue shares of preferred stock that may contain rights
or restrictions that could have this effect.

Holders of common stock are entitled to share in all dividends
that the board of directors, in its discretion, declares from legally available
funds. In the event of liquidation, dissolution or winding up, each outstanding
share entitles its holder to participate pro rata in all assets that remain
after payment of liabilities and after providing for each class of stock, if
any, having preference over the common stock. Holders of our common stock have
no pre-emptive rights, no conversion rights and there are no redemption
provisions applicable to our common stock.

Dividends

Since inception we have not paid any dividends on our common
stock. We currently do not anticipate paying any cash dividends in the
foreseeable future on our common stock, when issued pursuant to this offering.
Although we intend to retain our earnings, if any, to finance the exploration
and growth of our business, our Board of Directors will have the discretion to
declare and pay dividends in the future.

Payment of dividends in the future will depend upon our
earnings, capital requirements, and other factors, which our Board of Directors
may deem relevant.

Recent Sales of Unregistered Securities

None

Equity Compensation Plan Information

The following table sets forth certain information as of March
8, 2010, with respect to compensation plans under which our equity securities
are authorized for issuance:

| | (a)                                                                                         |  | (b)                                                                         |  | (c)                                                                                                                                             | 
| | ------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------- | 
| | Number of securities to be issued upon exercise of outstanding options, warrants and rights |  | Weighted-average exercise price of outstanding options, warrants and rights |  | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected
    in column (a)) | 
|
|

|Equity compensation Plans approved by
      Security holders           | None
|---------------------------------------------------------------------- | ----
|                                                                       |     
|Equity compensation Plans not approved By
      security holders Total | None

ITEM 6. SELECTED FIANANCIAL DATA

Not applicable because we are a smaller reporting company.

ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITIONS AND RESULTS OF OPERATIONS.

**6**

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The following discussion should be read in conjunction with
the Consolidated Financial Statements and Notes thereto appearing elsewhere in
this Form 10-K. The following discussion contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 relating to future events or our future
performance. Actual results may materially differ from those projected in the
forward-looking statements as a result of certain risks and uncertainties set
forth in this prospectus. Although management believes that the assumptions made
and expectations reflected in the forward-looking statements are reasonable,
there is no assurance that the underlying assumptions will, in fact, prove to be
correct or that actual results will not be different from expectations expressed
in this report.

(a) Plan of Operation

Over the next 12 to 15 months, the Company plans to develop the
marketing of their software Instant Recall to the OEM markets in North
America. The Company has developed significant interest in its product to date
and intends to capitalize on that interest, while exploring new and expanded
opportunities. The Company has also developed substantial business contacts and
relationships in China. Several complimentary products and opportunities exist
in this market that would be of interest to EWRX in its pursuit of developing an
expanded line of software products to round out its product line.

Although, the Company will be in need of financing to carry out
its plan of operation, it intends to raise the capital needed to accomplish its
business plan from interested parties, management and existing shareholders.
While raising capital is always subject to many uncertainties, we believe that,
with the demand anticipated for our product, financing will be available to meet
our requirements. It is not anticipated that we will have to invest any further
significant funds, or support any substantial funding on research or development
for Instant Recall. The Company operations do not require manufacturing of any
kind and therefore we do not anticipate any need to purchase equipment of any
significance.

Our need for any change in staffing is not anticipated for the
immediate future. We will however require some paid and full time staff as the
marketing and sales efforts begin to take shape. It is expected that clerical
and office personnel will be required after the first quarter of 2009. We will,
as required, employ a senior sales person to respond to clients requirements for
service. Other sales and marketing personnel will be acquired as the sales
dictate.

(b) Managements Discussion and Analysis of Financial
Condition and Results of Operations.

The Company has been in a state of reorganization and
development over the past two years. We believe that this period was important
to the business operations because it provided time for consolidation and
integration into the market. The Company continues to experience financial
deficiencies that have been a source of constant concern over this and previous
periods in its operations. As a result the Company has been unable to reach some
of the goals that had been set for its development.

The Company believes it is now in a position to begin to
capitalize on its previous experience. We are looking forward to a very
productive and stimulating period of development. Not only do we have great
expectations for our product Instant Recall, but also for the prospects of
additional software and other business developments from our contacts in Hong
Kong and China. These relationships will also help the Company address its
financial goals and objectives, both from an earnings standpoint as well as from
an investment standpoint.

The Company has over the last several months, successfully
established relationships as anticipated above) with Chinese Business leaders in
major corporations. These contacts have product and technology of interest to
EWRX. In addition, they may also have the financial ability to assist EWRX in
its requirements. It is anticipated that we will be in a position to determine
the extent to which these developments will affect EWRX by the early part of
2010.

We are looking forward to these discussions and the business
relationships that they represent, both from a financial as well as a
technological standpoint.

The marketplace is in a state of flux, and, continues to
require constant evaluation in terms of opportunity and reward because needs
change and competition for the opportunity is always present. Over the last two
years, the Company has been consolidating its business operations, developing
its software and preparing for the opportunities that it believes are now present.

7

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The global markets are expanding at
an unprecedented pace and the Company believes that it is in the right place at
the right time to take advantage of these conditions. Of course there are always
uncertainties and unexpected developments to contend with, and there can be no
assurance that the Company will be able to overcome all of the circumstances
confronting it. The Company will, however, do everything possible to meet these
challenges and realize its goals. EWRX financial requirements over the next
fiscal year are dependent, to a major extent, on the speed at which development
occurs in the emerging markets. We will continue to monitor this situation
closely. As our situation matures, the requirements will become clearer.

REASON FOR MANAGEMENT PROCEEDING WITH ITS EFFORTS TO REGISTER
UNDER THE EXCHANGE ACT AND ESTIMATE OF COST OF COMPLIANCE

The Management and Board of Directors of EWRX desires to
register EWRX under the Exchange act because they intend to use this status to
attract certain business enterprises and for potential investment and capital
raising purposes. Unfortunately, EWRX has been hampered in its attempt to become
compliant due to the circumstances that the Company has found itself in over the
past 18 months.

EWRX estimates that it will incur approximately $35,000 to
$50,000 per annum to remain compliant. Most recently, these costs have been
borne by the principles and Management will continue to do so until such time as
the Company is in a position to carry that responsibility through sales of its
products and services or funding from investment.

Liquidity and Capital Resources

Our primary source of liquidity as of December 31, 2009 is our
cash on hand. Our cash on hand as of December 31, 2009 was $3,593. Our current
assets totaled $3,593 on December 31, 2009. Our current liabilities were
$311,628 on December 31, 2009.

We will continue to evaluate alternative sources of capital to
meet our requirements, including other asset or debt financing, issuing equity
securities and entering into financing arrangements. There can be no assurance,
however, that any of the contemplated financing arrangements described herein
will be available and, if available, can be obtained on terms favorable to us.

We currently do not have enough cash to satisfy our minimum
cash requirements for the next twelve months. We are going to rely on loans from
our officers and directors to meet the short term cash requirements. However,
the present state of our liquidity and capital resources raises substantial
doubt about our ability to continue as a going concern. The ability of the
Company to continue as a going concern is dependent on the Companys ability to
raise additional capital and implement its business plan.

Critical Accounting Policies

Our significant accounting policies are summarized in Note 1 of
our financial statements included in this annual report on Form 10-K for the
year ended December 31, 2009. Our financial statements and related public
financial information are based on the application of accounting principles
generally accepted in the United States (GAAP). GAAP requires the use of
estimates; assumptions, judgments and subjective interpretations of accounting
principles that have an impact on the assets, liabilities, revenues and expense
amounts reported. These estimates can also affect supplemental information
contained in our external disclosures including information regarding
contingencies, risk and financial condition. We believe our use of estimates and
underlying accounting assumptions adhere to GAAP and are consistently and
conservatively applied. We base our estimates on historical experience and on
various other assumptions that we believe to be reasonable under the
circumstances. Actual results may differ materially from these estimates under
different assumptions or conditions. We continue to monitor significant
estimates made during the preparation of our financial statements.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

8

---

In June 2009, the FASB issued ASC 105
Accounting Standards Codification and the Hierarchy of Generally Accepted
Accounting Principles.The FASB Accounting Standards Codification
(the"Codification") has become the source of authoritative accounting principles
recognized by the FASB to be applied by nongovernmental entities in the
preparation of financial statements in accordance with Generally Accepted
Accounting Principles ("GAAP"). All existing accounting standard documents are
superseded by the Codification and any accounting literature not included in the
Codification will not be authoritative. Rules and interpretive releases of the
SEC issued under the authority of federal securities laws, however, will
continue to be the source of authoritative generally accepted accounting
principles for SEC registrants. Effective September 30, 2009, all references
made to GAAP in our consolidated financial statements will include references to
the new Codification. The Codification does not change or alter existing GAAP
and, therefore, will not have an impact on our financial position, results of
operations or cash flows.

In June 2009, the FASB issued changes
to the consolidation guidance applicable to a variable interest entity (VIE).
FASB ASC Topic 810, "Consolidation," amends the guidance governing the
determination of whether an enterprise is the primary beneficiary of a VIE, and
is, therefore, required to consolidate an entity, by requiring a qualitative
analysis rather than a quantitative analysis. The qualitative analysis will
include, among other things, consideration of who has the power to direct the
activities of the entity that most significantly impact the entity's economic
performance and who has the obligation to absorb losses or the right to receive
benefits of the VIE that could potentially be significant to the VIE. This
standard also requires continuous reassessments of whether an enterprise is the
primary beneficiary of a VIE, FASB ASC 810 also requires enhanced disclosures
about an enterprise's involvement with a VIE. Topic 810 is effective as of the
beginning of interim and annual reporting periods that begin after November 15,

9

---

| | (I) | Recent Accounting Pronouncements (cont'd..)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |     | 2009. This will not have an impact on the Company's
      financial position, results of operations or cash flows.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |     | In June 2009, the FASB issued Financial Accounting
      Standards Codification No. 860 - Transfers and Servicing. FASB ASC No. 860
      improves the relevance, representational faithfulness, and comparability
      of the information that a reporting entity provides in its financial
      statements about a transfer of financial assets; the effects of a transfer
      on its financial position, financial performance, and cash flows; and a
      transferor's continuing involvement, if any, in transferred financial
      assets. FASB ASC No. 860 is effective as of the beginning of each
      reporting entity's first annual reporting period that begins after
      November 15, 2009, for interim periods within that first annual reporting
      period and for interim and annual reporting periods thereafter. The
      Company is evaluating the impact the adoption of FASB ASC No. 860 will
      have on its financial statements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements, financings,
or other relationships with unconsolidated entities or other persons, also known
as special purpose entities (SPEs).

ITEM 7A. QUANTITIATIVE AND QUALITATIVE DISCLOUSURES ABOUT
MARKET RISK

Not applicable because we are a smaller reporting company.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

10

---

EWRX INTERNET SYSTEMS, INC. 
  (A Development Stage
  Company)

FINANCIAL STATEMENTS

DECEMBER 31, 2009 AND 2008

---

EWRX INTERNET SYSTEMS, INC. 
  (A Development Stage
  Company)

CONTENTS

|REPORT OF INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM                                                                                                                                                   | F-1
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                                                                                                |    
|BALANCE SHEETS AS OF
      DECEMBER 31, 2009 AND DECEMBER 31, 2008                                                                                                                                              | F-2
|                                                                                                                                                                                                                |    
|STATEMENTS OF OPERATIONS AND COMPREHENSIVE
      LOSS FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008 AND FOR THE PERIOD
      FROM JANUARY 1, 2002 (RE-ENTERING THE DEVELOPMENT STAGE) TO DECEMBER 31,
    2009 | F-3
|                                                                                                                                                                                                                |    
|STATEMENT OF STOCKHOLDERS' DEFICIENCY FOR
      THE PERIOD JANUARY 1, 2002 (RE-ENTERING THE DEVELOPMENT STAGE)THROUGH TO
      DECEMBER 31, 2009                                                                | F-4
|                                                                                                                                                                                                                |    
|STATEMENTS OF CASH FLOWS FOR THE YEARS
      ENDED DECEMBER 31, 2009 AND 2008 AND FOR THE PERIOD FROM JANUARY 1, 2002
      (RE-ENTERING THE DEVELOPMENT STAGE) TO DECEMBER 31, 2009                            | F-5
|                                                                                                                                                                                                                |    
|NOTES TO FINANCIAL
      STATEMENTS                                                                                                                                                                             | F-6

---

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
  FIRM

To the Stockholders of 
  EWRX Internet Systems, Inc.
  (A
  Development Stage Company)

We have audited the accompanying balance sheet of EWRX
  INTERNET SYSTEMS, INC.(the "Company") (A Development Stage Company)as of December 31, 2009 and 2008, and the related statements of operations
  and comprehensive loss, stockholders' deficiency, and cash flows for the two
  years then ended and for the period from January 1, 2002 (re-entering the
  development stage) through to December 31, 2009. These financial statements are
  the responsibility of the Company's management. Our responsibility is to express
  an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the
  Public Company Accounting Oversight Board (United States). Those standards
  require that we plan and perform the audits to obtain reasonable assurance about
  whether the financial statements are free of material misstatement. An audit
  includes examining, on a test basis, evidence supporting the amounts and
  disclosures in the financial statements. An audit also includes assessing the
  accounting principles used and significant estimates made by management, as well
  as evaluating the overall financial statement presentation. We believe that our
  audits provide a reasonable basis for our opinion.

In our opinion, these financial statements referred to the
  above present fairly in all material respects, the financial position of EWRX
  Internet Systems, Inc. (A Development Stage Company) as of December 31, 2009 and
  2008, and the results of its operations and its cash flows for the two years
  then ended and for the period from January 1, 2002 (re-entering the development
  stage) through to December 31, 2009 in conformity with accounting principles
  generally accepted in the United States of America.

The accompanying financial statements have been prepared
  assuming that the Company will continue as a going concern. As discussed in Note
  2 to the financial statements, the Company is in the development stage with no
  operations, a net loss of $126,511 for the year ended December 31, 2009 a
  stockholder's deficiency and a working capital deficiency of $308,035, and cash
  used in operations from re-entering the development stage of $207,383, which
  raises substantial doubt about the Company's ability to continue as a going
  concern. Management's plans regarding these matters are also described in Note
  2. The financial statements do not include any adjustments that might result
  from the outcome of this uncertainty.

WEBB & COMPANY, P.A.Certified Public
      AccountantsBoynton Beach, Florida 
  February 23 , 2010

F-1

---

|EWRX INTERNET SYSTEMS, INC.  
|-----------------------------
|(A Development Stage Company)
|                             
|Balance Sheets               

|                                                                                                                |   | As of December 31 |   |   | As of December 31 |  
|--------------------------------------------------------------------------------------------------------------- | - | ----------------- | - | - | ----------------- | -
|                                                                                                                |   | 2009              |   |   | 2008              |  
|                                                                                                                |   | $                 |   |   | $                 |  
|ASSETS                                                                                                          |  
|                                                                                                                |   |                   |   |   |                   |  
|Current Assets                                                                                                  |   |                   |   |   |                   |  
|Cash                                                                                                            | $ | 3,593             |   | $ | 2,700             |  
|Total Current Assets                                                                                            |   | 3,593             |   |   | 2,700             |  
|Total Assets                                                                                                    | $ | 3,593             |   | $ | 2,700             |  
|                                                                                                                |   |                   |   |   |                   |  
|                                                                                                                |   |                   |   |   |                   |  
|LIABILITIES AND STOCKHOLDERS'
      DEFICIENCY                                                                  |  
|                                                                                                                |   |                   |   |   |                   |  
|Current Liabilities                                                                                             |   |                   |   |   |                   |  
|Accounts payable and accruals                                                                                   | $ | 98,954            |   | $ | 98,954            |  
|Accrued liabilities                                                                                             |   | 24,168            |   |   | 20,318            |  
|Note payable - related parties                                                                                  |   | 8,349             |   |   | 8,170             |  
|Advances payable - director                                                                                     |   | 180,157           |   |   | 157,133           |  
|Total Current Liabilities                                                                                       |   | 311,628           |   |   | 284,575           |  
|                                                                                                                |   |                   |   |   |                   |  
|Commitments and Contingencies                                                                                   |   | -                 |   |   | -                 |  
|Stockholders' Deficiency                                                                                        |   |                   |   |   |                   |  
|Preferred stock, $0.01 par value per share,
      500,000 shares 
      authorized, none issued and outstanding |   | -                 |   |   | -                 |  
|Common stock, $0.001 par value; 100,000,000 shares 
      authorized, shares issued and outstanding             |   | 100,000           |   |   | 100,000           |  
|Additional paid - in capital                                                                                    |   | 7,476,261         |   |   | 7,375,017         |  
|Accumulative deficit                                                                                            |   | (8,496,144        | ) |   | (8,496,144        | )
|Accumulated other comprehensive loss                                                                            |   | (893              | ) |   | -                 |  
|Earnings accumulated during the development stage                                                               |   | 612,741           |   |   | 739,252           |  
|Total Stockholders' Deficiency                                                                                  |   | (308,035          | ) |   | ( 281,875         | )
|Total Liabilities and Stockholders' Deficiency                                                                  | $ | 3,593             |   | $ | 2,700             |  

F-2

(The accompanying notes are an integral part of these financial
  statements)

---

|EWRX INTERNET SYSTEMS, INC.                    
|-----------------------------------------------
|(A Development Stage Company)                  
|                                               
|Statements of Operations and Comprehensive Loss

|                                                                                                          |   |                   |   |   |                 |   |   | For the Period   |  
|--------------------------------------------------------------------------------------------------------- | - | ----------------- | - | - | --------------- | - | - | ---------------- | -
|                                                                                                          |   |                   |   |   |                 |   |   | from             |  
|                                                                                                          |   |                   |   |   |                 |   |   | January 1, 2002  |  
|                                                                                                          |   |                   |   |   |                 |   |   | (Re-entering the |  
|                                                                                                          |   |                   |   |   |                 |   |   | Development      |  
|                                                                                                          |   | For the Years     |   |   | Stage)          |  
|                                                                                                          |   | Ended December 31 |   |   | to December 31  |  
|                                                                                                          |   | 2009              |   |   | 2008            |   |   | 2009             |  
|Operating Expenses                                                                                        |   |                   |   |   |                 |   |   |                  |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Entertainment                                                                                             | $ | -                 |   | $ | 1,600           |   | $ | 1,849            |  
|In kind contribution - services                                                                           |   | 72,000            |   |   | 72,000          |   |   | 216,000          |  
|Management fees                                                                                           |   | -                 |   |   | -               |   |   | 15,000           |  
|Office and General                                                                                        |   | 5,205             |   |   | 4,254           |   |   | 38,208           |  
|Professional fees                                                                                         |   | 20,356            |   |   | 27,415          |   |   | 208,996          |  
|Salary and Wages                                                                                          |   | -                 |   |   | -               |   |   | 28,000           |  
|Telephone                                                                                                 |   | 514               |   |   | 455             |   |   | 1,416            |  
|Travel                                                                                                    |   | 39                |   |   | 1,540           |   |   | 1,579            |  
|Total Operating                                                                                           |   |                   |   |   |                 |   |   |                  |  
|Expenses                                                                                                  |   | 98,114            |   |   | 107,264         |   |   | 511,048          |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Net Loss from                                                                                             |   |                   |   |   |                 |   |   |                  |  
|operations                                                                                                |   | (98,114           | ) |   | (107,264        | ) |   | (511,048         | )
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Other (Expenses) Income                                                                                   |   | -                 |   |   | -               |   |   | -                |  
|Foreign exchange gain (loss)                                                                              |   | 847               |   |   | (75             | ) |   | (7,110           | )
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Interest expense                                                                                          |   | (29,244           | ) |   | (24,199         | ) |   | (108,657         | )
|Forgiveness of debt                                                                                       |   | -                 |   |   | -               |   |   | 1,239,556        |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Total Other (Expenses)                                                                                    |   |                   |   |   |                 |   |   |                  |  
|Income                                                                                                    |   | (28,397           | ) |   | (24,274         | ) |   | 1,123,789        |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Net (loss) income                                                                                         | $ | (126,511          | ) | $ | (131,538        | ) | $ | 612,741          |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Net (loss) income per                                                                                     |   |                   |   |   |                 |   |   |                  |  
|Share
      - Basic and Diluted                                                                           | $ | -                 |   | $ | -               |   |   |                  |  
|                                                                                                          |   |                   |   |   |                 |   |   |                  |  
|Weighted Average Number of Common
      Stock 
                     during the period - Basic and Diluted |   | 100,000,000       |   |   | **100,000,000** |   |   |                  |  

F-3

(The accompanying notes are an integral part of these financial
  statements)

---

EWRX INTERNET SYSTEMS INC.(A Development Stage
      Company)Statements of Stockholders' Deficiencyfor the
          period January 1, 2002 Re-entering the DevelopmentStage Through to
        December 31, 2009

EarningsAccumulated
      
      
      AccumulatedAdditional
      
      
      
      
      
      During the
      
      
      Other
      
      
      TotalNumber of
      
      
      Capital
      
      
      Paid-in
      
      
      Accumulated
      
      
      Development
      
      
      Comprehensive
      
      
      Stockholders'Shares
      
      
      Stock
      
      
      Capital
      
      
      Deficit
      
      
      Stage
      
      
      Loss
      
      
      DeficiencyBalance, December 31, 2001
      
      20,704,140
      
      $
      20,704
      
      $
      6,967,848
      
      $
      (8,496,144
      )
      $
      -
      
      $
      -
      
      $
      (1,507,592
      )Stock issued on settlement of debt
      
      1,276,227
      
      
      1,276
      
      
      197,872
      
      
      -
      
      
      -
      
      
      -
      
      
      199,148Stock issued on Flashback purchase
      
      3,700,000
      
      
      3,700
      
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      3,700Stock issued on private placement
      
      445,900
      
      
      446
      
      
      44,144
      
      
      -
      
      
      -
      
      
      -
      
      
      44,590Finance fee
      
      -
      
      
      -
      
      
      (9,590
      )
      
      -
      
      
      -
      
      
      -
      
      
      (9,590
      )Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (71,799
      )
      
      -
      
      
      (71,799
      )Balance, December 31, 2002
      
      26,126,267
      
      
      26,126
      
      
      7,200,274
      
      
      (8,496,144
      )
      
      (71,799
      )
      
      -
      
      
      (1,341,543
      )Stock issued on settlement of debt
      
      40,000,000
      
      
      40,000
      
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      40,000Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (19,342
      )
      
      -
      
      
      (19,342
      )Balance, December 31, 2003
      
      66,126,267
      
      
      66,126
      
      
      7,200,274
      
      
      (8,496,144
      )
      
      (91,141
      )
      
      -
      
      
      (1,320,885
      )Stock issued on settlement of debt
      
      33,873,733
      
      
      33,874
      
      
      (12,558
      )
      
      -
      
      
      -
      
      
      -
      
      
      21,316Net income
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      1,030,812
      
      
      -
      
      
      1,030,812Balance, December 31, 2004
      
      100,000,000
      
      
      100,000
      
      
      7,187,716
      
      
      (8,496,144
      )
      
      939,671
      
      
      -
      
      
      (268,757
      )Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (19,163
      )
      
      -
      
      
      (19,163
      )Balance, December 31, 2005
      
      100,000,000
      
      
      100,000
      
      
      7,187,716
      
      
      (8,496,144
      )
      
      920,508
      
      
      -
      
      
      (287,920
      )Net income
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      62,506
      
      
      -
      
      
      62,506Balance, December 31, 2006
      
      100,000,000
      
      
      100,000
      
      
      7,187,716
      
      
      (8,496,144
      )
      
      983,014
      
      
      -
      
      
      (225,414
      )In kind contribution - interest
      
      -
      
      
      -
      
      
      19,184
      
      
      -
      
      
      -
      
      
      -
      
      
      19,184In kind contribution - services
      
      -
      
      
      -
      
      
      72,000
      
      
      -
      
      
      -
      
      
      -
      
      
      72,000Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (112,224
      )
      
      -
      
      
      (112,224
      )Balance, December 31, 2007
      
      100,000,000
      
      
      100,000
      
      
      7,278,900
      
      
      (8,496,144
      )
      
      870,790
      
      
      -
      
      
      (246,454
      )In kind contribution - interest
      
      -
      
      
      -
      
      
      24,117
      
      
      -
      
      
      -
      
      
      -
      
      
      24,117In kind contribution - services
      
      -
      
      
      -
      
      
      72,000
      
      
      -
      
      
      -
      
      
      -
      
      
      72,000Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (131,538
      )
      
      -
      
      
      (131,538
      )Balance, December 31, 2008
      
      100,000,000
      
      
      100,000
      
      
      7,375,017
      
      
      (8,496,144
      )
      
      739,252
      
      
      -
      
      
      (281,875
      )Net loss
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (126,511
      )
      
      -
      
      
      (126,511
      )Foreign currency translation adjustment
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (893
      )
      
      (893
      )Total comprehensive loss
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      (127,404
      )In kind contribution - interest
      
      -
      
      
      -
      
      
      29,244
      
      
      -
      
      
      -
      
      
      -
      
      
      29,244In kind contribution - services
      
      -
      
      
      -
      
      
      72,000
      
      
      -
      
      
      -
      
      
      -
      
      
      72,000Balance, December 31, 2009
      
      100,000,000
      
      $
      100,000
      
      $
      7,476,261
      
      $
      (8,496,144
      )
      $
      612,741
      
      $
      (893
      )
      $
      (308,035
      )


(The accompanying notes are an integral part of these financial
  statements)

F-4

---

|EWRX INTERNET SYSTEMS, INC.  
|-----------------------------
|(A Development Stage Company)
|                             
|Statements of Cash Flows     

|                                                                                                            |   |                   |   |   |                |   |   | Period from          |  
|----------------------------------------------------------------------------------------------------------- | - | ----------------- | - | - | -------------- | - | - | -------------------- | -
|                                                                                                            |   |                   |   |   |                |   |   | January 1, 2002      |  
|                                                                                                            |   |                   |   |   |                |   |   | (Re-entering
    the |  
|                                                                                                            |   |                   |   |   |                |   |   | Development          |  
|                                                                                                            |   | For the Years     |   |   | Stage)         |  
|                                                                                                            |   | Ended December 31 |   |   | to December 31 |  
|                                                                                                            |   | 2009              |   |   | 2008           |   |   | 2009                 |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Cash Flows from Operating Activities                                                                        |   |                   |   |   |                |   |   |                      |  
|Net Income
      (Loss)                                                                                     | $ | (126,511          | ) | $ | (131,538       | ) | $ | 612,741              |  
|Adjustments to
      reconcile net income/(loss) 
                    
      to net cash used in operations |   |                   |   |   |                |   |   |                      |  
|- Non-cash item - expenses recovered                                                                        |   | -                 |   |   | -              |   |   | (1,142,152           | )
|-In kind
      contribution services                                                                        |   | 72,000            |   |   | 72,000         |   |   | 216,000              |  
|-Imputed interest on loans                                                                                  |   | 29,244            |   |   | 24,117         |   |   | 72,545               |  
|Changes in operating assets and
      liabilities                                                           |   |                   |   |   |                |   |   |                      |  
|Increase/(Decrease) in prepaid expenses                                                                     |   | -                 |   |   | 2,710          |   |   | -                    |  
|Increase/(Decrease) in accounts payable                                                                     |   | -                 |   |   | (204           | ) |   | 9,315                |  
|Increase/(Decrease) in accrued liabilities                                                                  |   | 3,850             |   |   | 2,239          |   |   | 24,168               |  
|Net Cash Used in Operating Activities                                                                       |   | (21,417           | ) |   | (30,676        | ) |   | (207,383             | )
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Cash Flows from Financing Activities                                                                        |   |                   |   |   |                |   |   |                      |  
|Proceeds from
      issuance of common stock                                                                |   | -                 |   |   | -              |   |   | 38,700               |  
|Loans from related parties                                                                                  |   | 179               |   |   | -              |   |   | 68,441               |  
|Repayment of
      loans from directors                                                                     |   | -                 |   |   | (780           | ) |   | (780                 | )
|Repayment of loans from related
      parties                                                               |   | -                 |   |   | (4,878         | ) |   | (60,092              | )
|Advances from
      director                                                                                |   | 23,024            |   |   | 35,766         |   |   | 165,600              |  
|Net Cash Provided by Financing Activities                                                                   |   | 23,203            |   |   | 30,108         |   |   | 211,869              |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Effect of exchange rate changes on cash and cash equivalents                                                |   | (893              | ) |   | -              |   |   | (893                 | )
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Net increase (decrease) in cash                                                                             |   | 893               |   |   | (568           | ) |   | 3,593                |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Cash,beginning of period/year                                                                               |   | 2,700             |   |   | 3,268          |   |   | -                    |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Cash, end of period/year                                                                                    | $ | 3,593             |   | $ | 2,700          |   | $ | 3,593                |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Supplemental Information:                                                                                   |   |                   |   |   |                |   |   |                      |  
|                                                                                                            |   |                   |   |   |                |   |   |                      |  
|Cash paid for interest                                                                                      | $ | -                 |   | $ | -              |   | $ | 36,476               |  
|Cash paid for taxes                                                                                         | $ | -                 |   | $ | -              |   | $ | -                    |  

F-5

(The accompanying notes are an integral part of these financial
  statements)

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|1. | Summary of Significant Accounting Policies and
      Organization
|-- | -----------------------------------------------------------------
|   |                                                                  
|   | (A)                                                              
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   | (B)                                                              
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   | (C)                                                              
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   | (D)                                                              
|   |                                                                  
|   |                                                                  
|   |                                                                  
|   | (E)                                                              
|   |                                                                  
|   |                                                                  

F-6

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

1. Summary of Significant Accounting Policies and
  Organization (continued)

| | (F) | Income/(Loss) Per Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |     | Basic and diluted net loss per common share is computed
      based upon the weighted average common shares outstanding as defined by
      FASB Accounting Standards Codification Topic 260, Earnings per Share. As
      of December 31, 2009 and 2008, respectively, there were no common share
      equivalents outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | (G) | Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |     | The Company accounts for income taxes under the FASB
      Accounting Standards Codification Topic 740, Income taxes. Under Topic
      740, deferred tax assets and liabilities are recognized for the future tax
      consequences attributable to differences between the financial statement
      carrying amounts of existing assets and liabilities and their respective
      tax bases. Deferred tax assets and liabilities are measured using enacted
      tax rates expected to apply to taxable income in the years in which those
      temporary differences are expected to be recovered or settled. Under FASB
      Accounting Standards Codification Topic 740, the effect on deferred tax
      assets and liabilities of a change in tax rates is recognized in income in
      the period that includes the enactment date.                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | (H) | Business Segments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |     | The Company operates in one segment and therefore segment
      information is not presented.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | (I) | Recent Accounting Pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |     | In June 2009, the FASB issued ASC 105 Accounting
      Standards Codification and the Hierarchy of Generally Accepted Accounting
      Principles.The FASB Accounting Standards Codification
      (the"Codification") has become the source of authoritative accounting
      principles recognized by the FASB to be applied by nongovernmental
      entities in the preparation of financial statements in accordance with
      Generally Accepted Accounting Principles ("GAAP"). All existing accounting
      standard documents are superseded by the Codification and any accounting
      literature not included in the Codification will not be authoritative.
      Rules and interpretive releases of the SEC issued under the authority of
      federal securities laws, however, will continue to be the source of
      authoritative generally accepted accounting principles for SEC
      registrants. Effective September 30, 2009, all references made to GAAP in
      our  financial statements will include references to the new
      Codification. The Codification does not change or alter existing GAAP and,
      therefore, will not have an impact on our financial position, results of
    operations or cash flows.                                          
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |     | In June 2009, the FASB issued changes to the
      consolidation guidance applicable to a variable interest entity (VIE).
      FASB ASC Topic 810, "Consolidation," amends the guidance governing the
      determination of whether an enterprise is the primary beneficiary of a
      VIE, and is, therefore, required to consolidate an entity, by requiring a
      qualitative analysis rather than a quantitative analysis. The qualitative
      analysis will include, among other things, consideration of who has the
      power to direct the activities of the entity that most significantly
      impact the entity's economic performance and who has the obligation to
      absorb losses or the right to receive benefits of the VIE that could
      potentially be significant to the VIE. This standard also requires
      continuous reassessments of whether an enterprise is the primary
      beneficiary of a VIE, FASB ASC 810 also requires enhanced disclosures
      about an enterprise's involvement with a VIE. Topic 810 is effective as of
      the beginning of interim and annual reporting periods that begin after
      November 15, 2009. This will not have an impact on the Company's
      financial position, results of operations or cash flows.

F-7

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|1. | Summary of Significant Accounting Policies and
      Organization (continued)
|-- | -----------------------------------------------------------------------------
|   |                                                                              
|   | (I)                                                                          
|   |                                                                              
|   |                                                                              
|   |                                                                              
|   | (J)                                                                          
|   |                                                                              
|   |                                                                              
|   |                                                                              
|   | (K)                                                                          
|   |                                                                              
|   |                                                                              
|   |                                                                              
|   |                                                                              

| |                                         |   | Year Ended |   |   | Year Ended |  
| | --------------------------------------- | - | ---------- | - | - | ---------- | -
| |                                         |   | 2009       |   |   | 2008       |  
| |                                         |   |            |   |   |            |  
| | Net loss                                | $ | (126,511   | ) | $ | (131,538   | )
| | Other
      comprehensive loss:         |   |            |   |   |            |  
| | Foreign currency translation adjustment |   | (893       | ) |   | -          |  
| |                                         |   |            |   |   |            |  
| | Comprehensive loss                      | $ | (127,404   | ) | $ | (131,538   | )

F-8

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|2.     | Going Concern                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | As reflected in the accompanying financial statements,
      the Company is in the development stage with no operations, a net loss of
      $(126,511) for the year ended December 31, 2009, a stockholder's
      deficiency and a working capital deficiency of $(308,035), and cash used
      in operations from re-entering the development stage of $(207,383). This
      raises substantial doubt about its ability to continue as a going concern.
      The ability of the Company to continue as a going concern has been, and
      remains, dependent on advances from its stockholders and the Company's
      ability to raise additional capital. The financial statements do not
      include any adjustments that might be necessary if the Company is unable
      to continue as a going concern.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|**3.** | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | Advances from director represent an advance granted by
      Jessica Q. Wang. Ms. Wang pays for certain administrative expenses and is
      reimbursed by the Company. These advances have no fixed terms of
      repayment, are unsecured, and bear no interest. During the year 2009,
      Ms.Wang has advanced the company $23,024 for purposes of paying operating
      expenses on behalf of the Company. During 2009 and 2008, the Company
      imputed interest on the advances from director of $28,092 and $22,939,
      respectively. As of December 31, 2009, the Company has loans from Ms. Wang
      with an outstanding balance of $180,157.                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | As of December 31, 2009, the Company has loans from
      Navitax Technology, Inc., a company which is controlled by one of the
      stockholders of the Company, with an outstanding balance of $8,349. These
      loans have no fixed terms of repayment, are unsecured, and bear no
      interest. During the year 2009 and 2008, the Company imputed interest on
      the note payable - related party of $1,152 and $1,178,
      respectively.                                                                                                                                                                                                                                                                                                                                                               
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | On the above two transactions, the Company imputed
      interest at a rate of 16.67% which is comparable to past
      borrowings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

F-9

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|4. | Stockholders' Deficiency
|-- | ------------------------
|   |                         
|   | Stockholders' Deficiency
|   |                         
|   | (A)                     
|   |                         
|   |                         
|   |                         
|   | (B)                     
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   | (C)                     
|   |                         
|   |                         
|   |                         
|   | (D)                     
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         
|   |                         

F-10

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|4. | Stockholders' Deficiency                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | (E)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|5. | Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The Company accounts for income taxes in accordance with
      FASB Accounting Standards Codification Topic 740, Income taxes. FASB
      Accounting Standards Codification Topic 740 prescribes the use of the
      liability method whereby deferred tax asset and liability account balances
      are determined based on differences between financial reporting and tax
      bases of assets and liabilities and are measured using the enacted tax
      rates. The effects of future changes in tax laws or rates are not
      anticipated.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Under FASB Accounting Standards Codification Topic 740
      income taxes are recognized for the following: a) amount of tax payable
      for the current year, and b) deferred tax liabilities and assets for
      future tax consequences of events that have been recognized differently in
      the financial statements than for tax purposes.                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The provision for income taxes has been computed as
      follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

| |                                                                                                                                 |   | 2009    |   |   | 2008    |  
| | ------------------------------------------------------------------------------------------------------------------------------- | - | ------- | - | - | ------- | -
| | Expected income tax recovery (expense) at
      the statutory rate of 34%                                                       | $ | 43,014  |   | $ | 44,723  |  
| | Tax effect of expenses that are not deductible for income
      tax purposes (net of other amounts deductible for tax purposes) |   | (34,423 | ) |   | (32,952 | )
| | Tax effect of differences in the timing of
      deductibility of items for income tax purposes:                                |   | -       |   |   | -       |  
| | Utilization of non-capital tax losses to offset current
      taxable income                                                    |   | -       |   |   | -       |  
| | Change in valuation allowance                                                                                                   |   | (8,591  | ) |   | (11,771 | )
| |                                                                                                                                 |   |         |   |   |         |  
| | Provision for income taxes                                                                                                      | $ | -       |   | $ | -       |  

F-11

---

|EWRX INTERNET SYSTEMS, INC.     
|--------------------------------
|(A Development Stage Company)   
|                                
|Notes to Financial Statements   
|As of December 31, 2009 and 2008

|5. | Income Taxes (cont'd...)                                     
|-- | -------------------------------------------------------------
|   |                                                              
|   | The components of deferred income taxes are as
      follows:

| |                                  |   | 2009       |   |   | 2008       |  
| | -------------------------------- | - | ---------- | - | - | ---------- | -
| |                                  |   |            |   |   |            |  
| | Deferred income tax asset:       |   |            |   |   |            |  
| | Net operating loss carryforwards | $ | 2,383,420  |   | $ | 2,374,829  |  
| | Valuation allowance              |   | (2,383,420 | ) |   | (2,374,829 | )
| | Deferred income taxes            | $ | -          |   | $ | -          |  

The Company has tax losses available to
  be applied against future taxable income through 2029 and 2028, respectively.
  The net change in the valuation allowance for the period ended December 31, 2009
  and 2008 was an increase of $8,591 and $11,771 respectively. Due to the losses
  incurred in the current year and expected future operating results, management
  determined that it is more likely than not that the deferred tax asset resulting
  from the tax losses available for carryforward will not be realized through the
  reduction of future income tax payments. Accordingly, a 100% valuation allowance
  has been recorded for deferred income tax asset.

F-12

---

We do not presently intend to change accountant. At no time
have there been any disagreements with such accountants regarding any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure.

ITEM 9A(T). CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and
Procedures

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of
1934 (Exchange Act), the Company carried out an evaluation, with the
participation of the Companys management, including the Companys Chief
Executive Officer (CEO) and Chief Financial Officer (CFO) (the Companys
principal financial and accounting officer), of the effectiveness of the
Companys disclosure controls and procedures (as defined under Rule 13a-15(e)
under the Exchange Act) as of the end of the period covered by this report.
Based upon that evaluation, the Companys CEO and CFO concluded that the
Companys disclosure controls and procedures are effective to ensure that
information required to be disclosed by the Company in the reports that the
Company files or submits under the Exchange Act, is recorded, processed,
summarized and reported, within the time periods specified in the SECs rules
and forms, and that such information is accumulated and communicated to the
Companys management, including the Companys CEO and CFO, as appropriate, to
allow timely decisions regarding required disclosure.

Management's Annual Report on Internal Control Over
Financial Reporting.

The management of the Company is responsible for establishing
and maintaining adequate internal control over financial reporting for the
Company. Our internal control system was designed to, in general, provide
reasonable assurance to the Companys management and board regarding the
preparation and fair presentation of published financial statements, but because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

11

---

Our management assessed the effectiveness of the Companys
internal control over financial reporting as of December 31, 2009. The framework
used by management in making that assessment was the criteria set forth in the
document entitled  Internal Control  Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission. Based on that
assessment, our management has determined that as of December 31, 2009, the
Companys internal control over financial reporting was effective for the
purposes for which it is intended.

This annual report does not include an attestation report of
the Companys registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
Company's registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
management's report in this annual report.

Changes in Internal Control over Financial
Reporting

No change in our system of internal control over financial
reporting occurred during the period covered by this report, fourth quarter of
the fiscal year ended December 31, 2009 that has materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
GOVERNANCE

The following chart lists all of the Directors of the Company
and their respective ages, position and term of service.

Name
    Age
    Position
    TermJessica Q. Wang
    46
    Director
    Nov
      2001  PresentElwin Cathcart
    83
    Director
    Aug
      2007  PresentLiming Wang
    48
    Director
    Feb
  2003 - Present


The following chart lists all of the Officers of the Company
and their respective ages, position and term of service.

Name
    Age
    Position
    TermJessica Q. Wang
    46
    President and CEO
    Nov
      2001  PresentElwin Cathcart
    83
    Secretary
    Nov
      2001  PresentLiming Wang
    48
    Treasurer
    Feb
  2003  Present


Ms. Jessica Q. Wang - Director, President and CEO

Ms. Wang has served as the CEO & President of EWRX since
November 2001. She has been the Chairman of the Board of Navitex Technology Inc.
since 2002 and is the founder and owner of Navitex Canada Inc. since 1999. From
1993 until 2001, Ms. Wang was the Chairman of the Board of Hong Kong Dongling
Holding Co.

Over the last ten years, Ms. Wang has applied her
specialization of investment evaluation, technical analysis and international
management to attain investments and guide several technology, marketing and
real estate companies from conception to successful financial operation. Ms.
Wang also facilitated access of North American M&A companies to prominent
resources in China and promoted the introduction of successful Chinese companies
to the North American stock and financial markets. Ms. Wang has been the
Honoured Director of Chinese Talented Womens Association, an association
chaired by the former first lady of China. Through this relationship she has
developed close connection with a vast network of outstanding Chinese
entrepreneurs, and prominent political and academic leaders.

Mr. Elwin Cathcart  Director and Secretary

Mr. Cathcart is the President and owner of Groupmark Canada
Limited which was founded in September 1971. He has also served as the CEO of
several other public companies. He continues to be involved in several private
business enterprises as well as performing consultation services to individuals and companies.

12

---

Mr. Cathcart was the principle shareholder and CEO of VHSN, a public company,
specializing in sales of personal products. He also developed
SMARTCARD, a chip based plastic card for the recording and protection
of information, including securing data such as money, account information, etc.
This technology was licensed and marketed by several companies and individuals.
In the last two decades, Mr. Cathcart developed a number of hotel and resort
properties in the North American market. He also developed consumer markets for
a variety of products sold by a direct sales network. While still active in
several areas of business and consulting, he has retired from his business
development activities and entrepreneurial enterprises.

Mr. Liming Wang  Director and Treasurer

Mr. Liming Wang has been a Director and the Treasurer since
February 2003. In addition, Mr. Wang was the President of Easy Comfort OP, Inc.
from 2001 to 2005. Mr. Wang , a medical doctor and surgeon by profession, is the
founder and President of Easy Comfort OP, Inc. which has been actively engaged
in the importing and distribution of medical equipment, pharmaceuticals and
prosthetic devices throughout China. He provides consultation services to the
medical profession and business community.

There are no family relationships between the directors and/or
executive officers.

None of the directors or executive officers has been involved
in: (a) bankruptcy; (b) criminal proceeding; or (c) any other legal proceeding.

Term of Office

Our directors are appointed for a one-year term to hold office
until the next annual general meeting of our shareholders or until removed from
office in accordance with our bylaws. Our officers are appointed by our board of
directors and hold office until removed by the board.

All officers and directors listed above will remain in office
until the next annual meeting of our stockholders, and until their successors
have been duly elected and qualified. There are no agreements with respect to
the election of Directors. We have not compensated our Directors for service on
our Board of Directors, any committee thereof, or reimbursed for expenses
incurred for attendance at meetings of our Board of Directors and/or any
committee of our Board of Directors. Officers are appointed annually by our
Board of Directors and each Executive Officer serves at the discretion of our
Board of Directors. We do not have any standing committees. Our Board of
Directors may in the future determine to pay Directors fees and reimburse
Directors for expenses related to their activities.

None of our Officers and/or Directors have filed any bankruptcy
petition, been convicted of or been the subject of any criminal proceedings or
the subject of any order, judgment or decree involving the violation of any
state or federal securities laws within the past five (5) years.

Board of Directors

Our sole director holds office until the annual meeting of
stockholders of the Company following the election or until her successors are
duly elected and qualified. Officers are appointed by the Board of Directors and
serve at its discretion.

Significant Employees

None.

Family Relationships

No family relationships exist among our directors, executive
officers, or persons nominated or chosen by us to become directors or executive
officers.

Involvement in Certain Legal Proceedings

13

---

To our knowledge, during the past five (5) years, none of our
directors, executive officers, promoters, control persons, or nominees has
been:

- the subject of any bankruptcy petition filed by or against any business of
  which such person was a general partner or executive officer either at the
  time of the bankruptcy or within two years prior to that time;
- convicted in a criminal proceeding or is subject to a pending criminal
  proceeding (excluding traffic violations and other minor offenses);
- subject to any order, judgment, or decree, not subsequently reversed,
  suspended or vacated, of any court of competent jurisdiction, permanently or
  temporarily enjoining, barring, suspending or otherwise limiting his
  involvement in any type of business, securities or banking activities; or
- found by a court of competent jurisdiction (in a civil action), the
  Commission or the Commodity Futures Trading Commission to have violated a
  federal or state securities or commodities law.

Auditors; Code of Ethics; Financial Expert

We do not have an audit committee financial expert. We do not
have an audit committee financial expert because we believe the cost related to
retaining a financial expert at this time is prohibitive. Furthermore, because
we are only beginning our commercial operations, at the present time, we believe
the services of a financial expert are not warranted.

Potential Conflicts of Interest

We are not aware of any current or potential conflicts of
interest with any of our executives or directors.

ITEM 11. EXECUTIVE COMPENSATION

Compensation of Executive Officers

The following summary compensation table sets forth all
compensation awarded to, earned by, or paid to the named executive officers paid
by us during the fiscal years ended December 31, 2009 and 2008 in all capacities
for the accounts of our executives, including the Chief Executive Officer (CEO)
and Chief Financial Officer (CFO):

SUMMARY COMPENSATION TABLE

|                  |  |      |  |        |  |       |  |        |  |            |  |                  |  | Non-Qualified    |  |                  |  |       
|----------------- |  | ---- |  | ------ |  | ----- |  | ------ |  | ---------- |  | ---------------- |  | ---------------- |  | ---------------- |  | ------
|                  |  |      |  |        |  |       |  |        |  |            |  | Non-Equity       |  | Deferred         |  | All Other        |  |       
|Name and          |  |      |  |        |  |       |  | Stock  |  | Option     |  | Incentive Plan   |  | **Compensation** |  | **Compensation** |  | Totals
|Principal         |  |      |  | Salary |  | Bonus |  | Awards |  | **Awards** |  | **Compensation** |  | **Earnings**     |  |                  |  |       
|Position          |  | Year |  | ($)    |  | ($)   |  | ($)    |  | ($)        |  | ($)              |  | ($)              |  | ($)              |  | ($)   
|                  |  |      |  |        |  |       |  |        |  |            |  |                  |  |                  |  |                  |  |       
|Jessica Wang,     |  | 2009 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|President and CEO |  | 2008 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|                  |  |      |  |        |  |       |  |        |  |            |  |                  |  |                  |  |                  |  |       
|Elwin Cathcart,   |  | 2009 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|Secretary         |  | 2008 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|                  |  |      |  |        |  |       |  |        |  |            |  |                  |  |                  |  |                  |  |       
|Liming Wang,      |  | 2009 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|Treasurer         |  | 2008 |  | $ 0    |  | 0     |  | 0      |  | 0          |  | 0                |  | 0                |  | 0                |  | $ 0   
|                  |  |      |  |        |  |       |  |        |  |            |  |                  |  |                  |  |                  |  |       

Option Grants Table.There were no individual
grants of stock options to purchase our common stock made to the executive
officer named in the Summary Compensation Table through March 8, 2010.

Aggregated Option Exercises and Fiscal Year-End Option Value
Table.There were no stock options exercised during period ending March
8, 2010 by the executive officer named in the Summary Compensation Table.

14

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Long-Term Incentive Plan (LTIP) Awards Table.There were no awards made to a named executive officer in the last completed
fiscal year under any LTIP

Compensation of Directors

Directors are permitted to receive fixed fees and other
compensation for their services as directors. The Board of Directors has the
authority to fix the compensation of directors. No amounts have been paid to, or
accrued to, directors in such capacity.

Employment Agreements

We do not have any employment agreements with our officers or
directors currently.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

The following table sets forth certain information regarding
the ownership of our capital stock, as of March 8, 2010, for: (i) each director;
(ii) each person who is known to us to be the beneficial owner of more than 5%of
our outstanding common stock; (iii) each of our executive officers named in the
Summary Compensation Table; and (iv) all of our current executive officers and
directors of as a group. Except as otherwise indicated in the footnotes, all
information with respect to share ownership and voting and investment power has
been furnished to us by the persons listed. Except as otherwise indicated in the
footnotes, each person listed has sole voting power with respect to the shares
shown as beneficially owned.

|Name and Address of      | Amount of            | Percentage
|------------------------ | -------------------- | ----------
|Beneficial Owner         | Beneficial Ownership | of Class  
|                         |                      |           
|Jessica Wang             | 2,050,000            | 2.05%     
|Elwin Cathcart           | 1,650,000            | 1.65%     
|Liming Wang              | 0                    | 0         
|                         |                      |           
|All Executive Officers   | 3,700,000            | 3.7%      
|and Directors as a Group |                      |           
|(3 people)               |                      |           

Securities authorized for issuance under equity compensation
plans.

We have no equity compensation plans

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE

Ms. Jessica Q. Wang, one of our directors, pays for certain
administrative expenses and is reimbursed by the Company. These advances have no
fixed terms for repayment, are unsecured, and bear no interest. During 2009 and
2008, Ms. Wang has advanced the company $23,024 and $35,766 for purposes of paying operating
expenses on behalf of the Company. In the year 2008, the company repaid $780 to
Ms. Wang. During 2009 and 2008, the company imputed interest on the advance from
director of $28,091 and $35,766, respectively. As of December 31, 2009, the Company has
loans from Ms. Wang with an outstanding balance of $180,157.

As of December 31, 2009, the Company has loans from Navitex
Technology, Inc., a company which is controlled by one of the stockholders of
the Company, with an outstanding balance of $8,349. These loans have no fixed
terms for repayment, are unsecured, and bear no interest. During the year 2009
and 2008, the company imputed interest on the note payable-related party of
$1,153 and $1,178, respectively.

On the above two transactions, the Company imputed interest at
a rate of 16.67% which is comparable to past borrowings.

Indebtedness of Management

There were no material transactions, or series of similar
transactions, since the beginning of our last fiscal year, or any currently
proposed transactions, or series of similar transactions, to which we were or
are a party, in which the amount involved exceeds $60,000 and in which any
director or executive officer, or any security holder who is known to us to own
of record or beneficially more than 5% of any class of our common stock, or any member of
the immediate family of any of the foregoing persons, has an interest.

15

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Transactions with Promoters

There were no material transactions between us and our
promoters or founders.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees

For the Companys fiscal years ended December 31, 2009 and
December 31, 2008, we were billed approximately $9,008 and $12,979 for
professional services rendered for the audit and reviews of our financial
statements.

Audit Related Fees

The Company did not incur any audit related fees, other than
the fees discussed in Audit Fees, above, for services related to our audit for
the fiscal years ended December 31, 2009 and December 31, 2008.

Tax Fees

For the Companys fiscal years ended December 31, 2009 and
December 31, 2008, we were not billed for professional services rendered for tax
compliance, tax advice, and tax planning.

All Other Fees

The Company did not incur any other fees related to services
rendered by our principal accountant for the fiscal years ended December 31,
2009 and December 31, 2008.

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly authorized.

Effective May 6, 2003, the Securities and Exchange Commission
adopted rules that require that before our auditor is engaged by us to render
any auditing or permitted non-audit related service, the engagement be:

- approved by our audit committee; or
- entered into pursuant to pre-approval policies and procedures established
  by the audit committee, provided the policies and procedures are detailed as
  to the particular service, the audit committee is informed of each service,
  and such policies and procedures do not include delegation of the audit
  committee's responsibilities to management.

We do not have an audit committee. Our entire board of
directors pre-approves all services provided by our independent auditors. The
pre-approval process has just been implemented in response to the new rules.
Therefore, our board of directors does not have records of what percentage of
the above fees were pre-approved. However, all of the above services and fees
were reviewed and approved by the entire board of directors either before or
after the respective services were rendered.

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
a) Documents filed as part of this Annual Report

1. Financial Statements

2. Financial Statement Schedules

16

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3. Exhibits

|Exhibit No. | **Title of
      Document**                                             
|----------- | ------------------------------------------------------------------------
|            |                                                                         
|31.1        | Rule 13a-14(a)/ 15d-14(a)
      Certification of Chief Executive Officer
|            |                                                                         
|31.2        | Rule 13a-14(a)/ 15d-14(a)
      Certification of Chief Financial Officer
|            |                                                                         
|32.1        | Section 1350 Certification of
      Chief Executive Officer             
|            |                                                                         
|32.2        | Section 1350 Certification of
Chief Financial Officer                   



17

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SIGNATURES

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

EWRX Internet Systems, Inc.

| | By:    | /s/
      Jessica Q. Wang            
| | ------ | -------------------------------------
| |        | Chief Executive Officer and Principal
| |        | Accounting Officer                   
| |        |                                      
| |        |                                      
| | Dated: | March 15, 2010                       

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

|Name                | Title                                 | Date          
|------------------- | ------------------------------------- | --------------
|                    |                                       |               
|/s/ Jessica Q. Wang | Chief Executive Officer and Principal | March 15, 2010
|Jessica Q. Wang     | Accounting Officer                    |               

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