----

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| PART I.  FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                              |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Item 1.   Financial Statements                                                                                                                                                                                                                                                                                                                                                         |   |
| Balance Sheets as of June 30, 2010 and December 31, 2009                                                                                                                                                                                                                                                                                                                                              | 1      |
| Schedule of Investments as of June 30, 2010                                                                                                                                                                                                                                                                                                                                                           | 2      |
| Statements of Operations for the three month period ended June 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                      | 3      |
| Statements of Operations for the six month period ended June 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                        | 4      |
| Statements of Changes in Net Assets for June 30, 2010 and December 31, 2009                                                                                                                                                                                                                                                                                                                           | 5      |
| Statements of Cash Flows for the six month periods ended June 30, 2010 and 2009                                                                                                                                                                                                                                                                                                                       | 6      |
| Notes to Financial Statements                                                             | 7      |
|                                                                                                                                                                                                                                                                                                                                                                                                  |   |
| Item 2.  Management Discussion and Analysis of Financial Condition  and Results of Operations                                                                                                                                                                                                                                                                                     | 16     |
| Item 3.  Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                         | 19     |
| Item 4.  Controls and Procedures                                                                                                                                                                                                                                                                                                                                                            | 19     |
|                                                                                                                                                                                                                                                                                                                                                                                                  |   |
| PART II.  OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                 | 20     |
| Item 1.  Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                  | 20     |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                        | 20     |
| Item 3.  Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                    | 20     |
| Item 4.  Submission of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                                                                | 20     |
| Item 5.  Other Information                                                                                                                                                                                                                                                                                                                                                                  | 20     |
| Item 6.  Exhibits and Reports on Form 8-K                                                                                                                                                                                                                                                                                                                                                   | 22     |
|                                                                                                                                                                                                                                                                                                                                                                                                  |   |
| Signatures                                                                                                                                                                                                                                                                                                                                                                                            | 22     |

----

|                                                                                               |                                                     | June 30                                                |                                                     | December 31                                     |
|----------------------------------------------------------------------------------------------------|----------------------------------------------------------|--------------------------------------------------------|----------------------------------------------------------|-------------------------------------------------|
|                                                                                               |                                                     | 2010                                                   |                                                     | 2009                                            |
|                                                                                               |                                                     | (Unaudited)                                            |                                                     | (Audited)                                       |
| ASSETS                                                                                             |                                                     |                                                   |                                                     |                                            |
| Investments in portfolio companies-at fair value                                                   |           $ | --                                                     |           $ | --                                              |
| Current assets:                                                                                    |                                                     |                                                   |                                                     |                                            |
|      Cash and cash equivalents                                            |                                                     |  19,249                                           |                                                     |  1,732                                     |
|      Deposits                                                             |                                                     | 5,000                                                  |                                                     | --                                              |
| Total current assets                                                                               |                                                     |  24,249                                           |                                                     | 1,732                                           |
| Other assets                                                                                       |                                                     | --                                                     |                                                     | --                                              |
| Total assets                                                                                       | $                                                        |         24,249 | $                                                        |       1,732       |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                         |                                                     |                                                   |                                                     |                                            |
| LIABILITIES                                                                                        |                                                     |                                                   |                                                     |                                            |
| Current liabilities;                                                                               |                                                     |                                                   |                                                     |                                            |
|      Accounts payable (including $108,300 and $59,700 to related parties) | $                                                        | 153,056                                                | $                                                        |    102,669                       |
|      Accrued interest                                                     |                                                     |  2,398                                            |                                                     |    799                           |
|      Note payable related party (net of discount of $2,271 and $6,813)    |                                                     |  24,375                                           |                                                     |      19,833            |
|      Due to affiliate                                                     |                                                     | 3,550                                                  |                                                     | 3,550                                           |
|      Due to officers                                                      |                                                     |  87,667                                           |                                                     | 60,000                                          |
| Total current liabilities                                                                          |                                                     | 271,046                                                |                                                     | 186,851                                         |
| Long term liabilities:                                                                             |                                                     | --                                                     |                                                     | --                                              |
| Total liabilities                                                                                  |                                                     | 271,046                                                |                                                     |     186,851                 |
| STOCKHOLDERS’ EQUITY (DEFICIT)                                                               |                                                     |                                                   |                                                     |                                            |
| Common stock, $0.001 par value, 150,000,000 shares authorized, 39,379,000                          |                                                     |                                                   |                                                     |                                            |
|      and 36,829,333 shares issued at June 30, 2010 and December 31, 2009  |                                                     | 39,379                                                 |                                                     | 36,829                                          |
| Additional paid-in capital                                                                         |                                                     | 951,927                                                |                                                     |   572,027                             |
| Retained earnings (accumulated loss)                                                               |                                                     | (1,238,103)                                            |                                                     | (793,975)                                       |
| Total stockholders’ equity (deficit)                                                         |                                                     | (246,797)                                              |                                                     |       (185,119)   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                         |           $ |     24,249                         |           $ |        1,732 |
|                                                                                               |                                                     |                                                   |                                                     |                                            |
| Net asset value per common share                                                              |           $ |       --                 |           $ | --                                              |

----

| Portfolio Investment | Industry | Amount or number | Cost                                                                                                | Fair value                                                                                                      | % of net assets |
|----------------------|----------|------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|-----------------|
| --                   | --       | --               | $                -- | $                  -- | --              |

----

|                                                                                                      | For the three months ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                      | June 30,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                      |                                       2010                                                                      2009 |
| INVESTMENT INCOME                                                                                         | $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $ |   |
|     Portfolio investment interest                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  -- |   | -- |
| TOTAL INCOME                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   -- |   | -- |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| EXPENSES                                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Investment advisory fees                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | -- |   | -- |
| General and administrative:                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|      Bank fees                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 459 |   | -- |
|      Consulting fees (including $42,250 and $0 with related parties)             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  42,250 |   | 12,500 |
|      Officers’ consulting                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 206,250 |   | 221,250 |
|      Other expenses                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |      12,600 |   | 1,599 |
|      Payroll taxes                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | -- |   | 16,797 |
|      Professional  fee expenses                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  15,942 |   | 5,583 |
|      Rent                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 1,800 |   | 1,100 |
|      Travel                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 7,401 |   | -- |
| Total expenses                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  286,702 |   |    258,829 |
| INCOME (LOSS) FROM OPERATIONS                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (286,702) |   |       (258,829) |
|      Other income and expenses:                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|           Cancellation of accounts payable due officers |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 60,000 |   | -- |
|           Interest expenses                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   ( 3,070) |   |    -- |
|      Total other income and expenses                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     (56,930) |   |         -- |
| NET INCOME (LOSS) BEFORE     INCOME TAX                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (229,772) |   |       (258,829) |
|       Provision for income tax                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | -- |   | -- |
| NET INCOME (LOSS)                                                                                         |              $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (229,772) |              $ |       (258,829) |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Net loss per share- basic and diluted                                                                     |              $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        (0.01) |              $ |                (0.01) |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Weighted average common shares outstanding                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|      Basic                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 39,026,712 |   | 34,449,319 |
|      Diluted                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 39,026-712 |   | 34,449,319 |

----

|                                                                                                      | For the six months ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                      | June 30,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                      |                                        2010                                                                   2009 |
| INVESTMENT INCOME                                                                                         | $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $ |   |
|     Portfolio investment interest                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  -- |   | -- |
| TOTAL INCOME                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   -- |   | -- |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
| EXPENSES                                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
| Investment advisory fees                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | -- |   | -- |
| General and administrative:                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
|      Bank fees                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 698 |   | -- |
|      Consulting fees (including $68,500 and $0 with related parties)             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  91,500 |   | 31,250 |
|      Officers’ salaries/consulting                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 356,250 |   | 427,500 |
|      Other expenses                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |      12,715 |   | 2,509 |
|      Payroll taxes                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | -- |   | 33,594 |
|      Professional  fee expenses                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  20,942 |   | 5,583 |
|      Rent                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 3,600 |   | 2,750 |
|      Travel                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 12,282 |   | -- |
| Total expenses                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 497,987 |   |    503,186 |
| INCOME (LOSS) FROM OPERATIONS                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | (497,987) |   |       (503,186) |
|      Other income and expenses:                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
|           Cancellation of accounts payable due officers |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 60,000 |   | -- |
|           Interest expenses                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |    (6,141) |   |    -- |
|      Total other income and expenses                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |    53,859 |   |         -- |
| NET INCOME (LOSS) BEFORE     INCOME TAX                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | (444,128) |   |       (503,186) |
|       Provision for income tax                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | -- |   | -- |
| NET INCOME (LOSS)                                                                                         |              $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (444,128) |             $ |       (503,186) |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
| Net loss per share- basic and diluted                                                                     |              $                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        (0.01) |             $ |                (0.01) |
|                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
| Weighted average common shares outstanding                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |
|      Basic                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 37,740,210 |   | 34,449,319 |
|      Diluted                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 37,740,210 |   | 34,449,319 |

----

|                                                                                                                                                            |                                                      |      |         |                              |    |                  |         |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|-----------|--------------|-----------------------------------|---------|-----------------------|--------------|--------|--------|
|                                                                                                                                                            | Six months ended June 30, 2010 (unaudited) |      |         | Year ended December 31, 2009 |    |
| Increase (Decrease) in net assets from operations:                                                                                                              |                                                      |      |         |                              |    |                  |         |
|          Net investment (loss)                                                                                     | $                                                         | (444,128) |         |                              | $       | (539,324)             |         |
|                 Net increase (decrease) in net assets resulting from operations |                                                      | (444,128) |         |                              |    | (539,324)             |         |
| Capital share transactions:                                                                                                                                     |                                                      |      |         |                              |    |                  |         |
| Proceeds from shares sold                                                                                                                                       |  $                                                   | 382,450   |    |                              |    | 363,200               |    |
| Warrants issued                                                                                                                                                 |                                                      | ---       |         |                              |    |  9,084           |         |
| Net increase in net assets from capital share transactions                                                                                                      |                                                      | 382,450   |    |                              |  $ | 372,284               |    |
| Total increase (decrease) in net assets:                                                                                                                        |                                                      | (61,678)  |    |                              |  $ | (167,040)             |         |
| Net assets (deficiency) at beginning of period                                                                                                                  |                                                      | (185,119) |    |                              |    | (18,079)              |    |
| Net assets (deficiency) at end of period                                                                                                                        | $                                                         | (246,797) |    |                              | $       | (185,119)             |    |
| Capital share activity                                                                                                                                          |                                                      |      |         |                              |    |                  |         |
| Shares sold                                                                                                                                                     |                                                      | 2,549,667 |    |                              |    | 2,421,333             |    |
| Net increase in capital share activity                                                                                                                          |                                                      | 2,549,667 |    |                              |    |   2,421,333 |    |
|                                                                                                                                                            |                                                      |      |         |                              |    |                  |         |

----

| CASH FLOWS FROM OPERATING ACTIVITIES                              |                                                     |                                   |                                                     |                                         |
|-------------------------------------------------------------------|----------------------------------------------------------|----------------------------------------|----------------------------------------------------------|----------------------------------------------|
|  Net Loss                                                    |          $       | (444,128)                              |          $       | (503,186)                                    |
| Adjustments to reconcile net loss to net cash used by operations: |                                                     |                                   |                                                     |                                         |
| Amortization of debt discount                                     |                                                     | 4,542                                  |                                                     | --                                           |
| Cancellation of amounts due officers                              |                                                     | (60,000)                               |                                                     | --                                           |
| Increase (decrease) in:                                           |                                                     |                                   |                                                     |                                         |
|  Accounts payable and accrued expenses                       |                                                     | 50,387                                 |                                                     |   15,727                           |
| Accrued officers’ salaries                                  |                                                     |     --             |                                                     | 382,500                                      |
| Accrued payroll taxes                                             |                                                     | --                                     |                                                     | 33,594                                       |
| Accrued interest                                                  |                                                     |   1,599                      |                                                     | 896                                          |
| Due to officers                                                   |                                                     | 87,667                                 |                                                     | --                                           |
| Deposit                                                           |                                                     | (5,000)                                |                                                     |                                         |
| NET CASH USED BY OPERATING ACTIVITIES                             |                                                     | (364,933)                              |                                                     | ( 70,469)                                    |
|                                                              |                                                     |                                   |                                                     |                                         |
| CASH FLOWS FROM INVESTING ACTIVITIES                              |                                                     |                                   |                                                     |                                         |
|                                                              |                                                     |       -- |                                                     |        -- |
| NET CASH USED BY INVESTING ACTIVITIES                             |                                                     |       -- |                                                     |        -- |
|                                                              |                                                     |                                   |                                                     |                                         |
| CASH FLOWS FROM FINANCING ACTIVITIES                              |                                                     |                                   |                                                     |                                         |
| Issuance of common stock for cash                                 |                                                     | 382,450                                |                                                     |     76,000               |
| Shareholder advance                                               |                                                     | --                                     |                                                     | 30,000                                       |
| Proceeds from notes                                               |                                                     |      --       |                                                     |      25,000         |
| NET CASH FROM FINANCING ACTIVITIES                                |                                                     | 382,450                                |                                                     |  131,000                                |
| NET CASH INCREASE FOR PERIOD                                      |                                                     |   17,517                     |                                                     |       60,531   |
| CASH AT BEGINNING OF PERIOD                                       |                                                     | 1,732                                  |                                                     |      447            |
| CASH AT END OF PERIOD                                             |           $ |   19,249                     | $                                                        |   60,978                           |
|                                                              |                                                     |                                   |                                                     |                                         |
|                                                              |                                                     |                                   |                                                     |                                         |
| SUPPLEMENTAL DISCLOSURES:                                         |                                                     |                                   |                                                     |                                         |
| Interest paid                                                     |           $ | --                                     |           $ | --                                           |
| Income taxes paid                                                 |           $ | --                                     |           $ | --                                           |

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|                                       |                                                                            | For the            |                                                                       | For the             |
|--------------------------------------------|---------------------------------------------------------------------------------|--------------------|----------------------------------------------------------------------------|---------------------|
|                                       |                                                                            | Three months ended |                                                                       | Twelve months ended |
|                                       |                                                                            | June 30, 2010      |                                                                       | December 31, 2009   |
|                                       |                                                                            |               |                                                                       |                |
| Net asset value at beginning of period (1) |              $ | (0.00516)          |              $ | (0.00053)           |
| Proceeds from common stock                 |                                                                            | 0.00971            |                                                                       | 0.00997             |
| Net investment income (loss)               |                                                                            | (0.01087)          |                                                                       | (0.01480)           |
| Warrants issued                            |                                                                            | 0.00000            |                                                                       | 0.00020             |
| Net asset value at end of period (2)       |             $            | (0.00632)          |              $ | (0.00516)           |

| (1)   | Financial highlights as of June 30, 2010 and December 31, 2009 are based on 39,379,000 and 36,829,333 fully diluted common shares outstanding, respectively. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The changes in net asset value during the period ended June 30, 2010 result in insignificant |
|-----------------|----------------------------------------------------------------------------------------------|

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