U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K
                                 AMENDMENT NO. 1

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

                  For the fiscal year ended September 30, 2008

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

                          CATALYST LIGHTING GROUP, INC.
                          -----------------------------
                 (Name of Small Business Issuer in its charter)

               Delaware                                   84-1588927
               --------                                   ----------
   (State or other jurisdiction of                     (I.R.S. employer
     incorporation or formation)                    identification number)

          190 Lakeview Way
         Vero Beach, Florida                                 32963
         -------------------                                 -----
(Address of principal executive offices)                  (Zip Code)

                                 (772) 231-7544
                                 --------------
                           (Issuer's telephone number)

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

                 None                                         None
                 ----                                         ----
(Title of each class to be so registered)       (Name of each Exchange on which
                                                 each class is to be registered)

      Securities to be registered under Section 12(g) of the Exchange Act:

                              Common Stock, $0.0001
                              ---------------------
                              (Title of each 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 (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 is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]

     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 (Do not check if a smaller    Smaller reporting company [X]
     reporting company) filer [ ]

     Indicate by check mark whether the registrant is a shell company (as
defined by Rule 12b-2 of the Act). Yes [X] No [ ]


     As of February 2, 2009, there were 440,445 shares of stock held by
non-affiliates. As of February 2, 2009, 4,331,131 shares of the common stock of
the registrant were outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None.

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                                                TABLE OF CONTENTS

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PART I
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Item 1.  Business                                                                                             1
Item 1a. Risk Factors                                                                                         5
Item 1b. Unresolved Staff Comments                                                                            10
Item 2.  Properties                                                                                           10
Item 3.  Legal Proceedings                                                                                    10
Item 4.  Submission of Matters to a Vote of Security Holders                                                  10

PART II
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Item 5.  Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
         Securities                                                                                           11
Item 6.  Selected Financial Data                                                                              18
Item 7.  Management's Discussion and Analysis of Financial Condition and Results of Operations                18
Item 7a. Quantitative and Qualitative Disclosures about Market Risk                                           20
Item 8.  Financial Statements and Supplementary Data                                                          20
Item 9.  Changes in and Disagreements with Accountants on Accounting and Financial Disclosures                34
Item 9a. Controls and Procedures                                                                              34
Item 9b. Other Information                                                                                    35

PART III
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Item 10. Directors, Executive Officers and Corporate Governance                                               35
Item 11. Executive Compensation                                                                               38
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters       39
Item 13. Certain Relationships and Related Transactions, Director Independence                                41
Item 14. Principal Accounting Fees and Services                                                               41

PART IV
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Item 15. Exhibits and Financial Statement Schedules                                                           42
         Signatures                                                                                           44
         Certifications                                                                                       45

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                           FORWARD LOOKING STATEMENTS

Statements made in this Form 10-K that are not historical or current facts are
"forward-looking statements" made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). These statements often can be identified by the use of terms
such as "may", "will", "expect", "believe", "anticipate", "estimate",
"approximate", or "continue", or the negative thereof. Catalyst Lighting Group,
Inc. ("we", "us", "our" or the "Company") intends that such forward-looking
statements be subject to the safe harbors for such statements. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. Any
forward-looking statements represent management's best judgment as to what may
occur in the future. However, forward-looking statements are subject to risks,
uncertainties and important factors beyond the control of the Company that could
cause actual results and events to differ materially from historical results of
operations and events and those presently anticipated or projected. These
factors include adverse economic conditions, entry of new and stronger
competitors, inadequate capital and unexpected costs. The Company disclaims any
obligation subsequently to revise any forward-looking statements to reflect
events or circumstances after the date of such statement or to reflect the
occurrence of anticipated or unanticipated events.




<PAGE>

                                     PART I

Item 1. Business

(a) Business History and Background

We were formed as a "blank check" Delaware corporation under the name Wentworth
III, Inc. on March 7, 2001 to effect a merger, exchange of capital stock, asset
acquisition or other similar business combination with an operating business
which we believe had significant growth potential. As of February 12, 2003, we
entered into a Securities Exchange Agreement with Whitco Company, L.L.P., a
Texas limited liability partnership which manufactured, marketed and distributed
outdoor lighting poles. On August 27, 2003, we acquired Whitco Company, LP
(successor in interest as a result of the conversion of Whitco Company, L.L.P.
to a limited partnership) through an exchange of all of Whitco's partnership
units, and options to purchase partnership units, for 2,991,368 shares of
Catalyst common stock, and options to purchase 808,632 shares of Catalyst common
stock. Following our acquisition of Whitco, we changed our name to Catalyst
Lighting Group, Inc., and Whitco became our wholly-owned subsidiary.

Whitco was a nationwide manufacturer, marketer and distributor of steel and
aluminum outdoor lighting poles. Founded in 1969, Whitco sold poles directly to
original equipment manufacturers (OEM's) and indirectly to other third parties
through its own contracted sales representatives. We sought to have Whitco
become the preferred manufacturer, marketer and distributor of steel and
aluminum lighting pole structures and accessories.

We operated our Whitco business solely through our wholly-owned Whitco
subsidiary. As such, substantially all of our assets and liabilities resided in
our Whitco subsidiary. We continued to incur operating losses from our Whitco
business and had insufficient working capital to fund our Whitco business
operations. During late 2005, we pursued the alternative of selling or merging
with another company to provide manufacturing economies of scale and the
potential of additional liquidity to fund operations.

However, due to continuing operating losses, on March 15, 2006, Whitco
voluntarily filed for protection under Chapter 11 of the U.S. bankruptcy laws.
On April 25, 2006, the bankruptcy court approved a sale of Whitco's assets
(other than cash and accounts receivable) used in its area lighting pole
business. The assets were sold free and clear of any liens and encumbrances to a
third party purchaser pursuant to Section 363 of the U.S Bankruptcy Code. The
purchaser issued a common stock purchase warrant ("Purchase Warrant") to acquire
shares of the purchaser's common stock as consideration for the assets
purchased.

On May 16, 2006, Whitco filed a motion to convert its bankruptcy case to a
Chapter 7 liquidation proceeding. This motion was granted by the bankruptcy
court on July 13, 2006. In connection with the liquidation, the Purchase Warrant
and Whitco's cash and accounts receivable were assigned and distributed to
Whitco's secured creditor, Laurus Master Fund, Ltd. ("Laurus"). As part of the
Chapter 7 bankruptcy proceedings, no assets were available for distribution to
unsecured creditors and, accordingly, these unsatisfied obligations were
relieved as part of the liquidation of Whitco in accordance with the provisions
of Chapter 7 of U.S. bankruptcy laws.

Since Whitco's liquidation in bankruptcy, the Company has had nominal assets,
nominal business operations and its business strategy has been to investigate
and, if such investigation warrants, acquire a target company or business
seeking the perceived advantages of being a publicly held corporation. In
furtherance of this business strategy, on July 25, 2006, Catalyst voluntarily
filed for protection under Chapter 11 of the U.S. bankruptcy laws. Catalyst
subsequently determined to withdraw from bankruptcy court protection and, on
motion made by the U.S. trustee, the bankruptcy court ordered the case dismissed
on January 9, 2007.

(b) Reorganization

Since the dismissal of Catalyst's bankruptcy case, the Company completed a
reorganization in September 2007 and settled all of its outstanding liabilities
with creditors outside the jurisdiction of the bankruptcy courts (the
"Reorganization"). As part of this Reorganization, on August 22, 2007, the
Company entered into a securities purchase agreement ("Securities Purchase
Agreement") with KIG Investors I, LLC ("KIG Investors"), a Delaware limited
liability company, pursuant to which KIG Investors purchased 1,572,770 shares of
convertible preferred stock for a purchase price of $157,277, or $0.10 per share
("Preferred Stock Purchase").

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<PAGE>

On August 23, 2007, in accordance with the terms of the Securities Purchase
Agreement, the existing officers and two of the Company's directors resigned,
and Kevin R. Keating, the sole remaining director, was appointed Chief Executive
Officer, Chief Financial Officer, President, Secretary and Treasurer of the
Company.

Kevin R. Keating is the father of Timothy J. Keating, the principal member of
Keating Investments, LLC. Keating Investments, LLC is the managing member of KIG
Investors. Timothy J. Keating is the manager of KIG Investors.

The Preferred Stock Purchase was completed on September 12, 2007. The preferred
shares were automatically convertible into the Company's common stock at such
time as the Company completed a 1-for-10 reverse stock split ("Reverse Split").
The Reverse Split was completed on September 25, 2007, and KIG Investors was
issued 2,562,015 shares of common stock, on a post-reverse split basis, upon
cancellation of the preferred stock. The proceeds of the Preferred Stock
Purchase were used to pay outstanding liabilities of the Company.

KIG Investors was granted certain demand and piggyback registration rights for
the shares of common stock issued to them upon conversion, pursuant to the terms
and condition of a certain registration rights agreement ("KIG Registration
Rights Agreement").

In connection with the closing of the Preferred Stock Purchase, the Company
entered into agreements with a number of creditors for a cash settlement of
amounts owed to them by the Company. Pursuant to these cash settlements, the
Company paid an aggregate of $30,277 in complete satisfaction of $191,092 in
accrued liabilities, resulting in income from the discharge of indebtedness of
$160,815.

In connection with the closing of the Preferred Stock Purchase, the Company also
entered into settlement and release agreements (collectively, the "Settlement
Agreements") with Feldman Weinstein & Smith, LLP ("FWS"), former legal counsel
to the Company, and with Halliburton Investor Relations ("HIR"), the Company's
former investor relations firm, for the issuance of common stock in complete
settlement of amounts owed to them for services rendered. Pursuant to these
Settlement Agreements, the Company issued an aggregate of 71,086 shares of
common stock, on a post-split basis, valued at $7,109 or approximately $0.10 per
share, in satisfaction of accrued liabilities totaling $73,260, resulting in
income from discharge of indebtedness of $66,151 being recorded. FWS and HIR
were granted certain piggyback registration rights for the shares of common
stock received by them in the settlement.

In connection with the closing of the Preferred Stock Purchase, the Company also
entered into settlement and release agreement with Laurus ("Laurus Settlement
Agreement") for the issuance of common stock in complete settlement of amounts
owed to it for certain loans and accrued interest. Pursuant to the Laurus
Settlement Agreement, the Company issued 1,083,172 shares of common stock, on a
post-split basis, valued at $108,317 or approximately $0.10 per share, in
satisfaction of principal under notes of $820,024 and accrued interest of
$121,095, resulting in income from discharge of indebtedness of $832,802 being
recorded.

Laurus was granted certain demand and piggyback registration rights for the
shares of common stock issued to them under the settlement, pursuant to the
terms and condition of a certain registration rights agreement ("Laurus
Registration Rights Agreement").

Further, as part of the foregoing cash and equity settlements, any creditor
holding warrants to purchase shares of the Company's common stock agreed to the
cancellation of such warrants. Accordingly, warrants to purchase 82,367 shares
of common stock, on a post-reverse split basis, were cancelled.

(c) Current Business of Issuer

Since completion of its Reorganization, the Company's business strategy has been
to investigate and, if such investigation warrants, acquire a target operating
company or business seeking the perceived advantages of being a publicly held
corporation. The Company's principal business objective for the next 12 months
and beyond such time will be to achieve long-term growth potential through a
combination with an operating business rather than immediate, short-term
earnings. The Company will not restrict its potential candidate target companies
to any specific business, industry or geographical location and, thus, may
acquire any type of business.

Under SEC Rule 12b-2 under the Securities Act of 1933, as amended (the
"Securities Act"), the Company qualifies as a "shell company," because it has no
or nominal assets (other than cash) and no or nominal operations.

                                       2
<PAGE>

Management does not intend to undertake any efforts to cause a market to develop
in our securities, either debt or equity, until we have successfully concluded a
business combination. The Company intends to comply with the periodic reporting
requirements of the Exchange Act for so long as it is subject to those
requirements.

The analysis of new business opportunities will be undertaken by or under the
supervision of Kevin R. Keating, the sole officer and director of the Company.
As of this date, the Company has not entered into any definitive agreement with
any party, nor have there been any specific discussions with any potential
business combination candidate regarding business opportunities for the Company.
The Company has unrestricted flexibility in seeking, analyzing and participating
in potential business opportunities. In its efforts to analyze potential
acquisition targets, the Company will consider the following kinds of factors:

     (i)    Potential for growth, indicated by new technology, anticipated
            market expansion or new products;

     (ii)   Competitive position as compared to other firms of similar size and
            experience within the industry segment as well as within the
            industry as a whole;

     (iii)  Strength and diversity of management, either in place or scheduled
            for recruitment;

     (iv)   Capital requirements and anticipated availability of required funds,
            to be provided by the Company or from operations, through the sale
            of additional securities, through joint ventures or similar
            arrangements or from other sources;

     (v)    The cost of participation by the Company as compared to the
            perceived tangible and intangible values and potentials;

     (vi)   The extent to which the business opportunity can be advanced;

     (vii)  The accessibility of required management expertise, personnel, raw
            materials, services, professional assistance and other required
            items; and

     (viii) Other relevant factors.

In applying the foregoing criteria, no one of which will be controlling,
management will attempt to analyze all factors and circumstances and make a
determination based upon reasonable investigative measures and available data.
Potentially available business opportunities may occur in many different
industries, and at various stages of development, all of which will make the
task of comparative investigation and analysis of such business opportunities
extremely difficult and complex. Due to the Company's limited capital available
for investigation, the Company may not discover or adequately evaluate adverse
facts about the opportunity to be acquired.

On June 23, 2008, the Company entered into a letter of intent (the "Letter of
Intent") to acquire Organic Bouquet, Inc. ("Organic Bouquet"), a California
corporation, and Organic Style Limited ("Organic Style"), a private limited
company organized under the laws of England and Wales (collectively, Organic
Bouquet and Organic Style are referred to as "Organic"). A detailed description
of the Letter of Intent and the Merger is contained in our Current Report on
Form 8-K filed with the SEC on June 27, 2008. On August 18, 2008, the Company
terminated the LOI since the parties had not executed definitive and final
agreements by July 31, 2008.


(d) Form of Potential Business Combination

The manner in which the Company participates in an opportunity will depend upon
the nature of the opportunity, the respective needs and desires of the Company
and the promoters of the opportunity, and the relative negotiating strength of
the Company and such promoters.

It is likely that the Company will acquire its participation in a business
opportunity through the issuance of common stock or other securities of the
Company. Although the terms of any such transaction cannot be predicted, it
should be noted that in certain circumstances the criteria for determining
whether or not an acquisition is a so-called "tax free" reorganization under
Section 368(a)(1) of the Internal Revenue Code of 1986, as amended (the "Code")

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depends upon whether the owners of the acquired business own 80% or more of the
voting stock of the surviving entity. If a transaction were structured to take
advantage of these provisions rather than other "tax free" provisions provided
under the Code, all prior stockholders of the Company would in such
circumstances retain 20% or less of the total issued and outstanding shares of
the surviving entity. Under other circumstances, depending upon the relative
negotiating strength of the parties, prior stockholders of the Company may
retain substantially less than 20% of the total issued and outstanding shares of
the surviving entity. This could result in substantial additional dilution to
the equity of those who were stockholders of the Company prior to a business
combination with an operating entity.

The present stockholders of the Company will likely not have control of a
majority of the voting securities of the Company following a reorganization
transaction. As part of such a transaction, the Company's sole director may
resign and one or more new directors may be appointed without any vote by
stockholders.

In the case of a business combination, the transaction may be accomplished upon
the sole determination of management without any vote or approval by
stockholders. In the case of a statutory merger or consolidation directly
involving the Company, it will likely be necessary to call a stockholders'
meeting and obtain the approval of the holders of a majority of the outstanding
securities. The necessity to obtain such stockholder approval may result in
delay and additional expense in the consummation of any proposed transaction and
will also give rise to certain appraisal rights to dissenting stockholders. Most
likely, management will seek to structure any such transaction so as not to
require stockholder approval.

It is anticipated that the investigation of specific business opportunities and
the negotiation, drafting and execution of relevant agreements, disclosure
documents and other instruments will require substantial management time and
attention and substantial cost for accountants, attorneys and others. If a
decision is made not to participate in a specific business opportunity, the
costs theretofore incurred in the related investigation might not be
recoverable. Furthermore, even if an agreement is reached for the participation
in a specific business opportunity, the failure to consummate that transaction
may result in the loss to the Company of the related costs incurred.

We presently have no employees. Our sole officer and director is engaged in
outside business activities and anticipates that he will devote to our business
very limited time until the acquisition of a successful business opportunity has
been identified. We expect no significant changes in the number of our employees
other than such changes, if any, incident to a business combination.

(e) Reports to Security Holders

     (i)    The Company is not required to deliver an annual report to security
            holders and at this time does not anticipate the distribution of
            such a report.

     (ii)   The Company will file reports with the SEC. The Company is currently
            a reporting company and intends to comply with the requirements of
            the Exchange Act.

     (iii)  The public may read and copy any materials the Company files with
            the SEC in the SEC's Public Reference Section, Room 1580, 100 F
            Street N.E., Washington, D.C. 20549. The public may obtain
            information on the operation of the Public Reference Section by
            calling the SEC at 1-800-SEC-0330. Additionally, the SEC maintains
            an Internet site that contains reports, proxy and information
            statements, and other information regarding issuers that file
            electronically with the SEC, which can be found at
            http://www.sec.gov.

(f) Competition

The Company will face vast competition from other shell companies that desire to
seek a potential business combination with a private company seeking the
perceived advantages of being a publicly held corporation. The Company will be
in a highly competitive market for a small number of business opportunities
which could reduce the likelihood of consummating a successful business
combination. A large number of established and well-financed entities, including
small public companies and venture capital firms, are active in mergers and
acquisitions of companies that may be desirable target candidates for us. Nearly
all these entities have significantly greater financial resources, technical
expertise and managerial capabilities than we do; consequently, we will be at a

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competitive disadvantage in identifying possible business opportunities and
successfully completing a business combination. These competitive factors may
reduce the likelihood of our identifying and consummating a successful business
combination.

(g) Employees

We presently have no employees. Our sole officer and director is engaged in
outside business activities and anticipates that he will devote to our business
very limited time until the acquisition of a successful business opportunity has
been identified. We expect no significant changes in the number of our employees
other than such changes, if any, in connection with a business combination.

Item 1a. Risk Factors

An investment in the Company is highly speculative in nature and involves an
extremely high degree of risk. A prospective investor should consider the
possibility of the loss of the investor's entire investment and evaluate all
information about us and the risk factors discussed below in relation to his
financial circumstances before investing in us

There may be conflicts of interest between our management and the stockholders
of the Company.

Conflicts of interest create the risk that management may have an incentive to
act adversely to the interests of the stockholders of the Company. A conflict of
interest may arise between our management's personal pecuniary interest and its
fiduciary duty to our stockholders. In addition, Kevin R. Keating, our sole
officer and director, is currently involved with other public shell companies
and conflicts in the pursuit of business combinations with such other public
shell companies with which he is, and may in the future be, affiliated with may
arise. If we and the other public shell companies that management is affiliated
with desire to take advantage of the same opportunity, then members of
management that are affiliated with both companies would abstain from voting
upon the opportunity. In the event of identical officers and directors, members
of management, such individuals will arbitrarily determine the company that will
be entitled to proceed with the proposed transaction.

Kevin R. Keating, the Company's sole officer and director, is the father of
Timothy J. Keating, the principal member of Keating Investments, LLC ("Keating
Investments"). Keating Investments is the principal stockholder of the Company.
It is possible that Keating Investments may be engaged to act as an advisor or
finder for the Company in connection with a possible business combination.

We have no current operating business.

We currently have no relevant operating business, revenues from operations or
assets. Our business plan is to seek a merger or business combination with an
operating business. We may not realize any revenue unless and until we
successfully combine with an operating business. We face all of the risks
inherent in the investigation, acquisition, or involvement in a new business
opportunity. An investor's purchase of any of our securities must be regarded as
placing funds at a high risk in a new or "start-up" venture with all of the
unforeseen costs, expenses, problems, and difficulties to which such ventures
are subject. We will, in all likelihood, sustain operating expenses without
corresponding revenues, at least until the consummation of a business
combination. This may result in our incurring a net operating loss that will
increase continuously until we can consummate a business combination with a
profitable business opportunity. We cannot assure you that we can identify a
suitable business opportunity and consummate a business combination.

There is competition for those private companies suitable for a business
combination of the type contemplated by management.

We are in a highly competitive market for a small number of business
opportunities which could reduce the likelihood of consummating a successful
business combination. We are and will continue to be an insignificant
participant in the business of seeking business combinations with operating
entities that desire to become public companies. A large number of established
and well-financed entities, including small public companies and venture capital
firms, are active in mergers and acquisitions of companies that may be desirable

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target candidates for us. Nearly all these entities have significantly greater
financial resources, technical expertise and managerial capabilities than we do;
consequently, we will be at a competitive disadvantage in identifying possible
business opportunities and successfully completing a business combination. These
competitive factors may reduce the likelihood of our identifying and
consummating a successful business combination.

Our future success is highly dependent on the ability of management to locate
and attract a suitable acquisition.

The nature of our operations is highly speculative, and there is a consequent
risk of loss of your investment. The success of our plan of operations will
depend to a great extent on the operations, financial condition and management
of the identified business opportunity. While management intends to seek
business combination(s) with entities having established operating histories, we
cannot assure you that we will be successful in locating candidates meeting that
criterion. In the event we complete a business combination, the success of our
operations may be dependent upon management of the successor firm or venture
partner firm and numerous other factors beyond our control. In addition, even if
we complete a business combination, there is no assurance that the business we
acquire will generate revenues or profits, or that the value of our common stock
will increase as a result of the acquired business opportunity.

We only intend to acquire a single business opportunity and thus your investment
will lack diversification.

Because of our limited financial resources, it is unlikely that we will be able
to diversify our acquisitions or operations. The inability to diversify our
activities into more than one area will subject our investors and stockholders
to economic fluctuations within a particular business or industry and therefore
increase the risks associated with the investment. We only intend to engage in a
business combination with one operating entity.

We have no existing agreement for a business combination or other transaction.

We have no arrangement, agreement or understanding with respect to engaging in a
business combination with an operating business. No assurances can be given that
we will successfully identify and evaluate suitable business opportunities or
that we will conclude a business combination. Management has not identified any
particular industry or specific business within an industry for evaluation. We
cannot guarantee that we will be able to negotiate a business combination on
favorable terms, and there is consequently a risk that funds allocated to the
purchase of our shares will not be invested in a company with active business
operations. Further, management will seek to structure any such business
combination so as not to require stockholder approval.

Management intends to devote only a limited amount of time to seeking a target
company which may adversely impact our ability to identify a suitable
acquisition candidate.

While seeking a business combination, management anticipates devoting very
limited time to the Company's affairs. Our sole officer has not entered into a
written employment agreement with us and is not expected to do so in the
foreseeable future. This limited commitment may adversely impact our ability to
identify and consummate a successful business combination. To supplement our
search activities, we may be required to employ accountants, technical experts,
appraisers, attorneys, or other consultants or advisors. Some of these outside
advisors may be our affiliates or their affiliated entities. The selection of
any such advisors will be made by our management without any input from
stockholders, and the engagement of such persons may reduce the value of your
investment.

The time and cost of preparing a private company to become a public reporting
company may preclude us from entering into a merger or acquisition with the most
attractive private companies.

Target companies that fail to comply with SEC reporting requirements may delay
or preclude acquisition. Sections 13 and 15(d) of the Exchange Act require
reporting companies to provide certain information about significant
acquisitions, including certified financial statements for the company acquired,
covering one, two, or three years, depending on the relative size of the
acquisition. The time and additional costs that may be incurred by some target
entities to prepare these statements may significantly delay or essentially
preclude consummation of an acquisition. Otherwise suitable acquisition
prospects that do not have or are unable to obtain the required audited
statements may be inappropriate for acquisition so long as the reporting

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requirements of the Exchange Act are applicable. Further, the internal control
management assessment and auditor attestation requirements under Section 404 of
the Sarbanes-Oxley Act of 2002 may limit the number of suitable acquisition
prospects if they cannot, or are unwilling to, comply with these requirements.

The Company may be subject to further government regulation which would
adversely affect our operations.

Although we will be subject to the reporting requirements under the Exchange
Act, management believes we will not be subject to regulation under the
Investment Company Act of 1940, as amended (the "Investment Company Act"), since
we will not be engaged in the business of investing or trading in securities. If
we engage in business combinations which result in our holding passive
investment interests in a number of entities, we could be subject to regulation
under the Investment Company Act. If so, we would be required to register as an
investment company and could be expected to incur significant registration and
compliance costs. We have obtained no formal determination from the SEC as to
our status under the Investment Company Act and, consequently, violation of the
Investment Company Act could subject us to material adverse consequences.

Any potential acquisition or merger with a foreign company may subject us to
additional risks.

If we enter into a business combination with a foreign company, we will be
subject to risks inherent in business operations outside of the United States.
These risks include, for example, currency fluctuations, regulatory problems,
punitive tariffs, unstable local tax policies, trade embargoes, risks related to
shipment of raw materials and finished goods across national borders and
cultural and language differences. Foreign economies may differ favorably or
unfavorably from the United States economy in growth of gross national product,
rate of inflation, market development, rate of savings, and capital investment,
resource self-sufficiency and balance of payments positions, and in other
respects.

Shares of our common stock are currently very thinly traded, and liquidity of
shares of our common stock is limited.

Shares of our common stock are very thinly traded, and the price if traded may
not reflect the value of the Company. Moreover, we just completed a reverse
split of the shares which may not reflect the value of the Company either. In
connection with a future business combination, we may have to undertake a
further reverse split of our shares. There can be no assurance that there will
be an active market for our shares either now or after we complete the business
combination. The market liquidity will be dependent on the perception of the
operating business and any steps that its management might take to bring the
company to the awareness of investors. There can be no assurance given that
there will be any awareness generated. Consequently investors may not be able to
liquidate their investment or liquidate it at a price that reflects the value of
the business. If a more active market should develop, the price may be highly
volatile. Because there may be a low price for our securities, many brokerage
firms may not be willing to effect transactions in the securities. Even if an
investor finds a broker willing to effect a transaction in the securities, the
combination of brokerage commissions, transfer fees, taxes, if any, and any
other selling costs may exceed the selling price. Further, many lending
institutions will not permit the use of such securities as collateral for any
loans. Our shares of common stock are currently quoted the Over-the-Counter
Bulletin Board ("OTC Bulletin Board"). Following a business combination, we may
seek the listing of our common stock on the NASDAQ Global Market, NASDAQ Capital
Market or a national exchange. However, we cannot assure you that following such
a transaction, we will be able to meet the initial listing standards of any of
any of these quotation systems or exchanges, or that we will be able to maintain
a listing of our common stock on any of these quotation systems or exchanges.

The majority of our shares currently outstanding are "restricted securities"
within the meaning of Rule 144 under the Securities Act. As restricted shares,
these shares may be resold only pursuant to an effective registration statement
or under the requirements of Rule 144 or other applicable exemption from
registration under the Securities Act and as required under applicable state
securities laws. Rule 144 currently provides that a non-affiliated person (and
who has not been an affiliate during the prior three months) may sell all of his
restricted securities in a reporting company beginning six months after
purchase, provided the issuer remains current in its reporting obligations
during the next six months. However, an affiliated person may sell his
restricted securities beginning six months after purchase, provided the
following conditions are met: (i) the issuer is current in its reporting
obligations, (ii) all sales are in brokerage transactions, (iii) a Form 144 is
filed, and (iv) during every three months, the number of shares sold does not

                                       7
<PAGE>

exceed 1.0% of a company's outstanding common stock. A sale under Rule 144 or
under any other exemption from the Securities Act, if available, or pursuant to
subsequent registrations of our shares, may have a depressive effect upon the
price of our shares in any market that may develop.

The availability of the exemptions from registration provided by Rule 144 is,
however, limited in the case of the resale of shares initially acquired when the
issuer was a shell company or former shell company. Rule 144(i) provides that
shares initially acquired when the issuer was a shell company or former shell
company may not be sold under Rule 144 until the following conditions are
satisfied: (i) the issuer has ceased to be a shell company, (ii) the issuer is
subject to the reporting requirements of Section 13 or 15(d) of the Exchange
Act, (iii) the issuer has filed all reports required under the Exchange Act
(other than Form 8-K reports) during the preceding 12 months, and (iv) one year
has elapsed since the issuer filed Form 10 information reflecting it is no
longer a shell company. The Company currently has 4,331,131 shares of common
stock outstanding, of which approximately 3,909,581 shares are subject to the
limitation under Rule 144(i).

Compliance with the criteria for securing exemptions under federal securities
laws and the securities laws of the various states is extremely complex,
especially in respect of those exemptions affording flexibility and the
elimination of trading restrictions in respect of securities received in exempt
transactions and subsequently disposed of without registration under the
Securities Act or state securities laws.

There are issues impacting liquidity of our securities with respect to the SEC's
review of a future resale registration statement.

A majority of our shares of common stock currently outstanding are "restricted
securities", the holders thereof have certain registration rights. As such,
following the business combination, we will likely file a resale registration
statement on Form S-1, or some other available form, to register for resale such
shares of common stock. In some cases, we are obligated to file a registration
statement for certain restricted shares pursuant to certain registration rights
agreements. We cannot control this future registration process in all respects
as some matters are outside our control. Even if we are successful in causing
the effectiveness of the resale registration statement, there can be no
assurances that the occurrence of subsequent events may not preclude our ability
to maintain the effectiveness of the registration statement. Any of the
foregoing items could have adverse effects on the liquidity of our shares of
common stock. Further, a sale of our shares pursuant to an effective
registration may have a depressive effect upon the price of our shares in any
market that may develop.

In addition, the SEC has recently disclosed that it has developed internal
guidelines concerning the use of a resale registration statement to register the
securities issued to certain investors in private investment in public equity
(PIPE) transactions, where the issuer has a market capitalization of less than
$75 million and, in general, does not qualify to file a registration statement
on Form S-3 to register its securities. The SEC has taken the position that
these smaller issuers may not be able to rely on Rule 415 under the Securities
Act ("Rule 415"), which generally permits the offer and sale of securities on a
continued or delayed basis over a period of time, but instead would require that
the issuer offer and sell such securities in a direct or "primary" public
offering, at a fixed price, if the facts and circumstances are such that the SEC
believes the investors seeking to have their shares registered are underwriters
and/or affiliates of the issuer. It appears that the SEC in most cases will
permit a registration for resale of up to one third of the total number of
shares of common stock then currently owned by persons who are not affiliates of
such issuer and, in some cases, a larger percentage depending on the facts and
circumstances. Staff members also have indicated that an issuer in most cases
will have to wait until the later of six months after effectiveness of the first
registration or such time as substantially all securities registered in the
first registration are sold before filing a subsequent registration on behalf of
the same investors. Since, following a reverse merger or business combination,
we may have only a limited number of tradable shares of common stock, it is
unclear as to how many, if any, shares of common stock the SEC will permit us to
register for resale, but SEC staff members have indicated a willingness to
consider a higher percentage in connection with registrations following reverse
mergers with shell companies such as the Company. The SEC may require as a
condition to the declaration of effectiveness of a resale registration statement
that we reduce or "cut back" the number of shares of common stock to be
registered in such registration statement. The result of the foregoing is that a
stockholder's liquidity in our common stock may be adversely affected in the
event the SEC requires a cut back of the securities as a condition to allow the
Company to rely on Rule 415 with respect to a resale registration statement, or,
if the SEC requires us to file a primary registration statement.

                                       8
<PAGE>

We have never paid dividends on our common stock.

We have never paid dividends on our common stock and do not presently intend to
pay any dividends in the foreseeable future. We anticipate that any funds
available for payment of dividends will be re-invested into the Company to
further its business strategy.

The Company may be subject to certain tax consequences in our business, which
may increase our cost of doing business.

We may not be able to structure our acquisition to result in tax-free treatment
for the companies or their stockholders, which could deter third parties from
entering into certain business combinations with us or result in being taxed on
consideration received in a transaction. Currently, a transaction may be
structured so as to result in tax-free treatment to both companies, as
prescribed by various federal and state tax provisions. We intend to structure
any business combination so as to minimize the federal and state tax
consequences to both us and the target entity; however, we cannot guarantee that
the business combination will meet the statutory requirements of a tax-free
reorganization or that the parties will obtain the intended tax-free treatment
upon a transfer of stock or assets. A non-qualifying reorganization could result
in the imposition of both federal and state taxes that may have an adverse
effect on both parties to the transaction.

The Company intends to issue more shares in a business combination, which will
result in substantial dilution.

Our Certificate of Incorporation authorizes the issuance of a maximum of
200,000,000 shares of common stock and a maximum of 10,000,000 shares of
preferred stock. Any business combination effected by us may result in the
issuance of additional securities without stockholder approval and may result in
substantial dilution in the percentage of our common stock held by our then
existing stockholders. Moreover, the common stock issued in any such business
combination transaction may be valued on an arbitrary or non-arm's-length basis
by our management, resulting in an additional reduction in the percentage of
common stock held by our then existing stockholders. Our Board of Directors has
the power to issue any or all of such authorized but unissued shares without
stockholder approval. To the extent that additional shares of common stock or
preferred stock are issued in connection with a business combination or
otherwise, dilution to the interests of our stockholders will occur and the
rights of the holders of common stock may be materially adversely affected.

Our principal stockholder may engage in a transaction to cause the Company to
repurchase its shares of common stock.

In order to provide an interest in the Company to third parties, our principal
stockholder may choose to cause the Company to sell Company securities to one or
more third parties, with the proceeds of such sale(s) being utilized by the
Company to repurchase shares of common stock held by it. As a result of such
transaction, our management, principal stockholder(s) and Board of Directors may
change.

The Company has conducted no market research or identification of business
opportunities, which may affect our ability to identify a business to merge with
or acquire.

The Company has not conducted market research concerning prospective business
opportunities, nor have others made the results of such market research
available to the Company. Therefore, we have no assurances that market demand
exists for a merger or acquisition as contemplated by us. Our management has not
identified any specific business combination or other transactions for formal
evaluation by us, such that it may be expected that any such target business or
transaction will present such a level of risk that conventional private or
public offerings of securities or conventional bank financing will not be
available. There is no assurance that we will be able to acquire a business
opportunity on terms favorable to us. Decisions as to which business opportunity
to participate in will be unilaterally made by our management, which may act
without the consent, vote or approval of our stockholders.

                                       9
<PAGE>

Because we may seek to complete a business combination through a "reverse
merger", following such a transaction we may not be able to attract the
attention of major brokerage firms.

Additional risks may exist since we will assist a privately held business to
become public through a "reverse merger." Securities analysts of major brokerage
firms may not provide coverage of our Company since there is no incentive to
brokerage firms to recommend the purchase of our common stock. No assurance can
be given that brokerage firms will want to conduct any secondary offerings on
behalf of our post-merger company in the future.

We cannot assure you that following a business combination with an operating
business, our common stock will be listed on NASDAQ or any other securities
exchange.

Following a business combination, we may seek the listing of our common stock on
the NASDAQ Global Market, NASDAQ Capital Market or a national exchange. However,
we cannot assure you that following such a transaction, we will be able to meet
the initial listing standards of any of these quotation systems or exchanges, or
that we will be able to maintain a listing of our common stock on any of these
quotation systems or exchanges. After completing a business combination, until
our common stock is listed on the NASDAQ or another stock exchange, we expect
that our common stock would continue to be eligible to trade on the OTC Bulletin
Board, where our stockholders may find it more difficult to dispose of shares or
obtain accurate quotations as to the market value of our common stock. In
addition, we would be subject to an SEC rule that, if it failed to meet the
criteria set forth in such rule, imposes various practice requirements on
broker-dealers who sell securities governed by the rule to persons other than
established customers and accredited investors. Consequently, such rule may
deter broker-dealers from recommending or selling our common stock, which may
further affect its liquidity. This would also make it more difficult for us to
raise additional capital following a business combination.

Our Certificate of Incorporation authorizes the issuance of preferred stock by
our Board of Directors.

Our Certificate of Incorporation authorizes the issuance of up to 10,000,000
shares of preferred stock with designations, rights and preferences determined
from time to time by our Board of Directors. Accordingly, our Board of Directors
is empowered, without stockholder approval, to issue preferred stock with
dividend, liquidation, conversion, voting, or other rights which could adversely
affect the voting power or other rights of the holders of the common stock. In
the event of issuance, the preferred stock could be utilized, under certain
circumstances, as a method of discouraging, delaying or preventing a change in
control of the Company. Although we have no present intention to issue any
shares of its authorized preferred stock, there can be no assurance that the
Company will not do so in the future.

Item 1b. Unresolved Staff Comments

None.

Item 2. Properties

The Company neither rents nor owns any properties. The Company utilizes the
office space and equipment of its sole officer and director at no cost.
Management estimates such amounts to be immaterial. The Company currently has no
policy with respect to investments or interests in real estate, real estate
mortgages or securities of, or interests in, persons primarily engaged in real
estate activities.

Item 3. Legal Proceedings

Presently, there are not any material pending legal proceedings to which the
Company is a party or as to which any of its property is subject, and no such
proceedings are known to the Company to be threatened or contemplated against
it.

Item 4. Submission of Matters to a Vote of Security Holders

None.

                                       10
<PAGE>

                                     PART II

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities

(a) Market Information

Our Common Stock initially began trading on the OTC Bulletin Board on June 28,
2004. It was initially quoted on the OTC Bulletin Board under the symbol "CYSL"
through December 27, 2005, when we filed a Form 15 application with the SEC.
From December 27, 2005 until September 24, 2007, we traded on the Pink Sheets
under the symbol "CYSL." Effective September 25, 2007, our symbol of the Pink
Sheets was changed to "CYSU" in connection with the Reverse Split. Our Common
Stock was approved for quotation on the OTCBB on March 20, 2008 and currently
trades on the OTC Bulletin Board under the symbol "CYSU."

The table below sets forth the reported high and low bid prices for the periods
indicated. The bid prices shown reflect quotations between dealers, without
adjustment for markups, markdowns or commissions, and may not represent actual
transactions in our securities. All prices have been adjusted retroactively to
give effect to the Reverse Split.

Per Share Common Stock Bid Prices by Quarter*

For the Fiscal Year Ended on September 30, 2007
-----------------------------------------------
                                                       High*            Low*
                                                   ------------    ------------
Quarter Ended December 31, 2006                    $       7.00    $       7.00
Quarter Ended March 31, 2007                       $       7.00    $       7.00
Quarter Ended June 30, 2007                        $       7.00    $       7.00
Quarter Ended September 30, 2007                   $      10.00    $       1.01

For the Fiscal Year Ended on September 30, 2008
-----------------------------------------------
                                                       High             Low
                                                   ------------    ------------
Quarter Ended December 31, 2007                    $       1.01    $       0.20
Quarter Ended March 31, 2008                       $       1.01    $       1.01
Quarter Ended June 30, 2008                        $       1.01    $       0.20
Quarter Ended September 30, 2008                   $       0.55    $       0.15

* Prices obtained from www.bigcharts.com, a service of Market Watch, Inc. All
prices have been adjusted retroactively to give effect to the 1-for-10 Reverse
Split effective September 25, 2007.

(b) Common and Preferred Stock

The Company is authorized by its Certificate of Incorporation, as amended, to
issue an aggregate of 210,000,000 shares of capital stock, of which 200,000,000
are shares of common stock, par value $0.0001 per share (the "Common Stock") and
10,000,000 are shares of preferred stock, par value $0.0001 per share (the
"Preferred Stock").

On August 27, 2007, the Company's Board of Directors designated 1,600,000 shares
of preferred stock as Series A Convertible Preferred Stock ("Series A Preferred
Stock"). Each share of Series A Preferred Stock was automatically convertible
into 16.28982 shares of fully paid and non-assessable common stock upon the
Company's completion of a reverse stock split. The holders of Series A Preferred
Stock were entitled to vote the number of shares of common stock they were
entitled to upon conversion on all matters presented to a vote of the common
stockholders.

On September 12, 2007, the Company completed the sale of 1,572,770 shares of
Series A Preferred Stock to KIG Investors for a purchase price of $157,277. The
shares of Series A Preferred Stock were automatically convertible into the
Company's common stock at such time as the Company completed a 1-for-10 reverse
stock split ("Reverse Split").

                                       11
<PAGE>

On September 25, 2007, the Company completed a 1-for-10 reverse stock split of
its outstanding common stock. The Reverse Split provided for the round up of
fractional shares and the special treatment of certain shareholders as follows:

     a.   shareholders holding less than 100 shares of common stock as of the
          record date will not be affected by the Reverse Split and will hold
          the same number of shares both before and after the Reverse Split;

     b.   shareholders holding 1,000 or fewer shares of common stock, but at
          least 100 shares of common stock as of the record date will hold 100
          shares of common stock following the Reverse Split; and

     c.   all fractional shares as a result of the Reverse Split will be rounded
          up.

As a result of the Reverse Split, the Series A Preferred Stock held by KIG
Investors were automatically converted into 2,562,015 shares of common stock, on
a post-reverse split basis. Upon the conversion of the Series A Preferred Stock,
the 1,600,000 shares of Preferred Stock previously designated as Series A
Preferred Stock were automatically returned to the status of authorized and
unissued shares of preferred stock, available for future designation and
issuance pursuant to the terms of the Certificate of Incorporation.

In connection with the Reverse Split, effective September 25, 2007, the Company
also amended its certificate of incorporation to reduce the par value of its
common stock and preferred stock from $0.01 to $0.0001 per share and to increase
the number of authorized shares of common stock from 40,000,000 to 200,000,000
shares.

As of December 3, 2007, after giving effect to the Reverse Split, there were
4,331,131 shares of common stock, par value $0.0001 per share, issued and
outstanding. Except as otherwise noted, all references to shares of the
Company's common stock herein shall refer to the shares of common stock after
giving effect to the Reverse Split and the reduction of the par value per share.

Common Stock

All outstanding shares of Common Stock are of the same class and have equal
rights and attributes. The holders of Common Stock are entitled to one vote per
share on all matters submitted to a vote of stockholders of the Company. All
stockholders are entitled to share equally in dividends, if any, as may be
declared from time to time by the Board of Directors out of funds legally
available. In the event of liquidation, the holders of Common Stock are entitled
to share ratably in all assets remaining after payment of all liabilities. The
stockholders do not have cumulative or preemptive rights.

Preferred Stock

Our Certificate of Incorporation authorizes the issuance of up to 10,000,000
shares of Preferred Stock with designations, rights and preferences determined
from time to time by its Board of Directors. Accordingly, our Board of Directors
is empowered, without stockholder approval, to issue Preferred Stock with
dividend, liquidation, conversion, voting, or other rights which could adversely
affect the voting power or other rights of the holders of the Common Stock. In
the event of issuance, the Preferred Stock could be utilized, under certain
circumstances, as a method of discouraging, delaying or preventing a change in
control of the Company. Although we have no present intention to issue any
shares of our authorized Preferred Stock, there can be no assurance that the
Company will not do so in the future.

The description of certain matters relating to the securities of the Company is
a summary and is qualified in its entirety by the provisions of the Company's
Certificate of Incorporation and By-Laws.

Registration Rights Granted to the Investor and Laurus

On September 12, 2007, the Company offered certain registration rights to KIG
Investors in connection with the Preferred Stock Purchase, pursuant to the terms
and conditions contained in that certain registration rights agreement, (the
"KIG Registration Rights Agreement"). As part of KIG Investors' liquidation and
dissolution, on January 9, 2009, KIG Investors distributed all 2,562,015 shares

                                       12
<PAGE>

of the Company's Common Stock held by it to its members pro rata based on their
respective membership interests in KIG Investors. As a member of KIG Investors,
on January 9, 2009, Lionsridge Capital, LLC ("Lionsridge") received 800,630
shares of the Company's Common Stock in the liquidation and dissolution of KIG
Investors, and Keating Investments received 1,761,385 shares of the Company's
Common Stock in the liquidation and dissolution of KIG Investors. The rights of
KIG Investors under the KIG Registration Rights Agreement were assigned to
Lionsridge and Keating Investments, which assignment was accepted by the
Company.

On September 14, 2007, the Company offered certain registration rights to Laurus
in connection with the issuance of shares of the Company's common stock in
settlement of certain debt obligations, pursuant to the terms and conditions
contained in that certain registration rights agreement ("Laurus Registration
Rights Agreement"). The terms and conditions of the KIG Registration Rights
Agreement and the Laurus Registration Rights Agreement are substantially
similar. The KIG Registration Rights Agreement and the Laurus Registration
Rights Agreement are referred to herein as the "Registration Rights Agreements".
The number of shares subject to registration rights for each of the above
holders is as follows:

                           Number of Shares Subject to Registration Rights (on a
      Stockholder                        post-reverse split basis)
------------------------   -----------------------------------------------------
Keating Investments, LLC                       1,761,385
Lionsridge Capital, LLC                          800,630
Laurus Master Fund, Ltd.                       1,108,172

Pursuant to the Registration Rights Agreements, commencing on the date that is
thirty (30) days after the date the Company completes a business combination
with a private company in a reverse merger or reverse take-over transaction (a
"Reverse Merger"), the stockholders shall each have a separate one-time right to
request the Company to register for resale the shares of Common Stock held by
such persons. The Company is required to cause the registration statement filed
as a result of such requests to be declared effective under the Securities Act
as promptly as possible after the filing thereof and shall keep the demand
registration statement continuously effective under the Securities Act until the
earlier of (i) two years after its effective date, (ii) such time as all of the
shares of Common Stock covered by such registration statement have been publicly
sold by the stockholders, or (iii) such time as all of the shares of Common
Stock covered by such registration statement may be sold by the stockholders
pursuant to Rule 144(k). Further, if all of the shares of Common Stock to be
included in the registration statement filed cannot be so included due to
certain comments from the SEC, and there is not an effective registration
statement otherwise covering the shares of Common Stock, then the Company is
obligated to prepare and file such registration statement(s) for such number of
additional registration statements as may be necessary in order to ensure that
all shares of Common Stock are covered by an existing and effective registration
statement.

Additionally, the Registration Rights Agreement provides the stockholders with
"piggyback" registration rights such that at any time there is not an effective
registration statement covering the shares of Common Stock, and the Company
files a registration statement relating to an offering for its own account or
the account of others under the Securities Act of any of its equity securities,
other than on Form S-4 or Form S-8 (each as promulgated under the Securities
Act) or their then equivalents relating to equity securities to be issued solely
in connection with any acquisition of any entity or business or equity
securities issuable in connection with stock option or other employee benefit
plans, then the Company is required to send written notice to the stockholders
of such intended filings at least twenty (20) days prior thereto and is required
to automatically include in such registration statement all shares of Common
Stock held by the stockholders for resale and offer on a continuous basis
pursuant to Rule 415; provided, however, that (i) if, at any time after giving
written notice of its intention to register any securities and prior to the
effective date of the registration statement filed in connection with such
registration, the Company determines for any reason not to proceed with such
registration, the Company will be relieved of its obligation to register any
shares of Common Stock in connection with such registration, (ii) in case of a
determination by the Company to delay registration of its securities, the
Company will be permitted to delay the registration of shares of Common Stock
for the same period as the delay in registering such other securities, (iii)
each stockholder is subject to confidentiality obligations with respect to any
information gained in this process or any other material non-public information
he, she or it obtains, (iv) each stockholder is subject to all applicable laws
relating to insider trading or similar restrictions; and (v) if all of the
shares of Common Stock of the stockholders cannot be so included due to certain
comments from the SEC, then the Company may reduce the number of each
stockholders' shares of Common Stock covered by such registration statement to
the maximum number which would enable the Company to conduct such offering in
accordance with the provisions of Rule 415.

                                       13
<PAGE>

The stockholders shall be entitled to include all shares of Common Stock for
resale in the registration statement filed by the Company in connection with a
public offering of equity securities by the Company, pursuant to Rule 415, so
long as (1) such shares shall not be included as part of the underwritten
offering of primary shares by the Company, unless the Company and underwriter
agree to allow the inclusion of such shares of Common Stock as part of the
underwritten offering and, in such event, the stockholders elect to include the
shares of Common Stock in the underwriting subject to an allocation among all
stockholders of registration rights in the manner set forth in the Registration
Rights Agreement, (2) the underwriter approves the inclusion of such shares of
Common Stock in such registration statement, subject to customary underwriter
cutbacks applicable to all stockholders of registration rights, (3) the
stockholders shall enter into the underwriters' form of lockup agreement as and
to the extent requested by the underwriters, which may require that all of the
shares of Common Stock held by the stockholders not be sold or otherwise
transferred without the consent of the underwriters for a period not to exceed
180 days from the closing of the offering contemplated by the registration
statement, and (4) if all of the shares of Common Stock of the stockholders
cannot be so included due to certain comments from the SEC, then the Company may
reduce the number of each stockholders' shares of Common Stock covered by such
registration statement to the maximum number which would enable the Company to
conduct such offering in accordance with the provisions of Rule 415.

The Registration Rights Agreement contains a cut-back provision, whereby, in the
event all of the all of the shares of Common Stock held by the stockholders
cannot be included in a registration statement due to certain comments by the
SEC or underwriter cutbacks, then the Company, unless otherwise prohibited by
the SEC, shall cause the shares of Common Stock of the stockholders to be
included in such registration statement to be reduced pro rata based on the
number of shares of Common Stock held by all holders of registration rights.

The registration rights afforded to the stockholders shall terminate on the
earliest date when all shares of Common Stock of the stockholders either: (i)
have been publicly sold by the stockholders pursuant to a registration
statement, (ii) have been covered by an effective registration statement which
has been effective for an aggregate period of twelve (12) months (whether or not
consecutive), or (iii) may be sold by the stockholders pursuant to Rule 144(k),
or Rule 144 without regard to the volume limitations for sales as provided in
that regulation, as determined by the counsel to the Company pursuant to a
written opinion letter to such effect, addressed and acceptable to the Company's
transfer agent and the affected stockholders.

Each stockholder shall also indemnify the Company, each of its directors, each
of its officers who signs the Registration Statement and each person, if any,
who controls the Company within the meaning of the Securities Act or the
Exchange Act against damages arising out of or based upon: (i) such
stockholder's provision of any untrue or alleged untrue statement of a material
fact to be contained in any registration statement or prospectus or in
connection with the qualification of the offering under the securities or other
"blue sky" laws of any jurisdiction, or arising out of or relating to any such
stockholder's omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements contained in such
registration statement or prospectus not misleading or (ii) such stockholder's
violation or alleged violation by the Company of the Securities Act or the
Exchange Act, any other law, including, without limitation, any state securities
law, or any rule or regulation thereunder relating to the offer or sale of the
shares of Common Stock pursuant to a registration statement or (iii) such
stockholder's violation of the Registration Rights Agreement.

Registration Rights Granted to Other Stockholders

On September 14, 2007, the Company offered certain registration rights to the
following stockholders of the Company, pursuant to terms and conditions of
certain registration rights agreements ("Other Registration Rights Agreements").

                                       14
<PAGE>

                                                 Number of Shares Subject to
                                               Registration Rights (on a post-
Stockholder                                          reverse split basis)
------------------------------------------------------------------------------
Halliburton Investor Relations                                          49,819
Feldman Weinstein & Smith, LLP                                          21,267
Kevin R. Keating                                                        86,654
Garisch Financial, Inc.                                                 86,654
Dennis Depenbusch                                                       20,000

The Other Registration Rights Agreements provide the stockholders with
"piggyback" registration rights such that at any time there is not an effective
registration statement covering the shares of Common Stock, and the Company
files a registration statement relating to an offering for its own account or
the account of others under the Securities Act of any of its equity securities,
other than on Form S-4 or Form S-8 (each as promulgated under the Securities
Act) or their then equivalents relating to equity securities to be issued solely
in connection with any acquisition of any entity or business or equity
securities issuable in connection with stock option or other employee benefit
plans, then the Company is required to send written notice to the stockholders
of such intended filings at least twenty (20) days prior thereto and is required
to automatically include in such registration statement all shares of Common
Stock held by the stockholders for resale and offer on a continuous basis
pursuant to Rule 415; provided, however, that (i) if, at any time after giving
written notice of its intention to register any securities and prior to the
effective date of the registration statement filed in connection with such
registration, the Company determines for any reason not to proceed with such
registration, the Company will be relieved of its obligation to register any
shares of Common Stock in connection with such registration, (ii) in case of a
determination by the Company to delay registration of its securities, the
Company will be permitted to delay the registration of shares of Common Stock
for the same period as the delay in registering such other securities, (iii)
each stockholder is subject to confidentiality obligations with respect to any
information gained in this process or any other material non-public information
he, she or it obtains, (iv) each stockholder is subject to all applicable laws
relating to insider trading or similar restrictions; and (v) if all of the
shares of Common Stock of the stockholders cannot be so included due to certain
comments from the SEC, then the Company may reduce the number of each
stockholders' shares of Common Stock covered by such registration statement to
the maximum number which would enable the Company to conduct such offering in
accordance with the provisions of Rule 415.

The stockholders shall be entitled to include all shares of Common Stock for
resale in the registration statement filed by the Company in connection with a
public offering of equity securities by the Company, pursuant to Rule 415, so
long as (1) such shares shall not be included as part of the underwritten
offering of primary shares by the Company, unless the Company and underwriter
agree to allow the inclusion of such shares of Common Stock as part of the
underwritten offering and, in such event, the stockholders elect to include the
shares of Common Stock in the underwriting subject to an allocation among all
stockholders of registration rights in the manner set forth in the Other
Registration Rights Agreements, (2) the underwriter approves the inclusion of
such shares of Common Stock in such registration statement, subject to customary
underwriter cutbacks applicable to all stockholders of registration rights, (3)
the stockholders shall enter into the underwriters' form of lockup agreement as
and to the extent requested by the underwriters, which may require that all of
the shares of Common Stock held by the stockholders not be sold or otherwise
transferred without the consent of the underwriters for a period not to exceed
180 days from the closing of the offering contemplated by the registration
statement, and (4) if all of the shares of Common Stock of the stockholders
cannot be so included due to certain comments from the SEC, then the Company may
reduce the number of each stockholders' shares of Common Stock covered by such
registration statement to the maximum number which would enable the Company to
conduct such offering in accordance with the provisions of Rule 415.

The Other Registration Rights Agreements contain a cut-back provision, whereby,
in the event all of the all of the shares of Common Stock held by the
stockholders cannot be included in a registration statement due to certain
comments by the SEC or underwriter cutbacks, then the Company, unless otherwise
prohibited by the SEC, shall cause the shares of Common Stock of the
stockholders to be included in such registration statement to be reduced pro
rata based on the number of shares of Common Stock held by all holders of
registration rights.

                                       15
<PAGE>

The registration rights afforded to the stockholders shall terminate on the
earliest date when all shares of Common Stock of the stockholders either: (i)
have been publicly sold by the stockholders pursuant to a registration
statement, (ii) have been covered by an effective registration statement which
has been effective for an aggregate period of twelve (12) months (whether or not
consecutive), or (iii) may be sold by the stockholders pursuant to Rule 144(k),
or Rule 144 without regard to the volume limitations for sales as provided in
that regulation, as determined by the counsel to the Company pursuant to a
written opinion letter to such effect, addressed and acceptable to the Company's
transfer agent and the affected stockholders.

Each stockholder shall also indemnify the Company, each of its directors, each
of its officers who signs the Registration Statement and each person, if any,
who controls the Company within the meaning of the Securities Act or the
Exchange Act against damages arising out of or based upon: (i) such
stockholder's provision of any untrue or alleged untrue statement of a material
fact to be contained in any registration statement or prospectus or in
connection with the qualification of the offering under the securities or other
"blue sky" laws of any jurisdiction, or arising out of or relating to any such
stockholder's omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements contained in such
registration statement or prospectus not misleading or (ii) such stockholder's
violation or alleged violation by the Company of the Securities Act or the
Exchange Act, any other law, including, without limitation, any state securities
law, or any rule or regulation thereunder relating to the offer or sale of the
shares of Common Stock pursuant to a registration statement or (iii) such
stockholder's violation of the Other Registration Rights Agreement.

(c) Holders

As of September 30, 2008, there were 29 record holders of our common stock and
approximately 82 beneficial holders who the Company believes holds our common
stock in street name.

(d) Dividends

The Company has not paid any cash dividends to date and does not anticipate or
contemplate paying dividends in the foreseeable future. It is the present
intention of management to utilize all available funds for the development of
the Company's business.

(e) Penny Stock Regulations

Our securities are subject to the SEC's "penny stock" rules. The penny stock
rules may affect the ability of owners of our shares to sell them. There may be
a limited market for penny stocks due to the regulatory burdens on
broker-dealers. The market among dealers may not be active. Investments in penny
stocks often are unable to sell stock back to the dealer that sold them the
stock. The mark-ups or commissions charged by the broker-dealers might be
greater than any profit an investor may make. Because of large spreads that
market makers quote, investors may be unable to sell the stock immediately back
to the dealer at the same price the dealer sold the stock to the investor.

Our securities are also subject to the SEC's rule that imposes special sales
practice requirements upon broker-dealers that sell such securities to other
than established customers or accredited investors. For purposes of the rule,
the phrase "accredited investor" means, in general terms, institutions with
assets exceeding $5,000,000 or individuals having net worth in excess of
$1,000,000 or having an annual income that exceeds $200,000 (or that, combined
with a spouse's income, exceeds $300,000). For transactions covered by the rule,
the broker-dealer must make a special suitability determination for the
purchaser and receive the purchaser's written agreement to the transaction prior
to the sale. Consequently, the rule may affect the ability of purchasers of our
securities to buy or sell in any market.

(f) Debt Securities

None.

(g) Warrants

As of October 1, 2005, there were issued and outstanding warrants to purchase
86,410 shares of the Company's common stock, on a post-reverse split basis.
During the fiscal year ended September 30, 2007, the Company entered into

                                       16
<PAGE>

settlement agreements with certain creditors who held warrants to purchase
82,366 shares of common stock. As part of these settlement agreements, these
warrants were cancelled.

On March 26, 2008, warrants to purchase 710 shares, on a post split basis, of
the Company's common stock at an exercise price of $31.25 expired without being
exercised.

As of September 30, 2008, the Company had issued and outstanding warrants, on a
post-reverse split basis, as follows:

                                           Warrants      Exercise
          Warrant Holder                  Outstanding      Price    Expiry Date
          --------------                  -----------    --------   -----------

Wilkinson Family Trust (an investor)           3,334     $  30.00   12/10/2009
                                          ----------

Balances, September 30, 2008                   3,334
                                          ==========


(h) Other Securities to Be Registered

None.

(i) Recent Sales of Unregistered Securities

On September 12, 2007, the Company completed the sale of 1,572,770 shares of
Series A Preferred Stock to KIG Investors for a purchase price of $157,277. The
shares of Series A Preferred Stock were automatically convertible into the
Company's common stock at such time as the Company completed a 1-for-10 reverse
stock split ("Reverse Split"). On September 25, 2007, the Company completed a
1-for-10 reverse stock split of its outstanding common stock. As a result of the
Reverse Split, the Series A Preferred Stock held by KIG Investors were
automatically converted into 2,562,015 shares of common stock, on a post-reverse
split basis. As part of KIG Investors' liquidation and dissolution, on January
9, 2009, KIG Investors distributed all 2,562,015 shares of the Company's Common
Stock held by it to its members pro rata based on their respective membership
interests in KIG Investors. As a member of KIG Investors, on January 9, 2009,
Lionsridge Capital, LLC ("Lionsridge") received 800,630 shares of the Company's
Common Stock in the liquidation and dissolution of KIG Investors, and Keating
Investments received 1,761,385 shares of the Company's Common Stock in the
liquidation and dissolution of KIG Investors.

On September 14, 2007, the Company issued Feldman Weinstein & Smith, LLP
("FWS"), former legal counsel to the Company, and Halliburton Investor Relations
("HIR"), the Company's former investor relation firm, an aggregate of 71,086
shares of common stock, on a post-reverse split basis, valued at $7,109 or
approximately $0.10 per share, in satisfaction of accrued liabilities totaling
$73,260, resulting in income from discharge of indebtedness of $66,151 being
recorded.

On September 14, 2007, the Company also entered into an agreement with Laurus
Master Fund, Ltd. ("Laurus"), the Company's secured creditor, for the issuance
of common stock in complete settlement of amounts owed to it for certain loans
and accrued interest. Pursuant to this equity settlement, the Company issued
1,083,172 shares of common stock, on a post-reverse split basis, valued at
$108,317 or approximately $0.10 per share, in satisfaction of principal under
notes of $820,024 and accrued interest of $121,095, resulting in income from
discharge of indebtedness of $832,802 being recorded.

On September 14, 2007, the Company issued Dennis Depenbusch 20,000 shares of the
Company's common stock, on a post-reverse split basis, valued at $2,000 for
consulting services provided by Mr. Depenbusch in connection with the
reorganization described in Part II, Item 5(b) above.

On September 14, 2007, the Company issued Kevin R. Keating 86,654 shares of the
Company's common stock, on a post-reverse split basis, valued at $8,665 for
consulting services provided by Mr. Keating.

                                       17
<PAGE>

On September 14, 2007, the Company issued Garisch Financial, Inc. 86,654 shares
of the Company's common stock, on a post-reverse split basis, valued at $8,665
for consulting services provided by Garisch Financial, Inc.

In consideration of the above stock issuances, the Company granted certain
registration rights to the holders thereof. See Part II, Item 5(b) for a
discussion of the registration rights granted in connection with the above stock
issuances.

In connection with the above stock issuance, we did not pay any underwriting
discounts or commissions. None of the sales of securities described or referred
to above was registered under the Securities Act. Each of the purchasers fell
into one or more of the categories that follow: an existing shareholder, a
creditor, a current or former officer or director, a service provider, or an
accredited investor with whom we or an affiliate of ours had a prior business
relationship. As a result, no general solicitation or advertising was used in
connection with the sales. In making the sales without registration under the
Securities Act, we relied upon one or more of the exemptions from registration
including those contained in Sections 4(2) of the Securities Act. The purchasers
represented in writing that they acquired the securities for their own accounts.
A legend was placed on the stock certificates stating that the securities have
not been registered under the Securities Act and cannot be sold or otherwise
transferred without an effective registration or an exemption therefrom.

Item 6. Selected Financial Data

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the
Company is not required to provide information required by this Item.

Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations

(a) Forward-Looking Statements

This report contains forward-looking statements that involve risks and
uncertainties. These statements relate to future events or our future financial
performance. In some cases, you can identify forward-looking statements by
terminology including, "could" "may", "will", "should", "expect", "plan",
"anticipate", "believe", "estimate", "predict", "potential" and the negative of
these terms or other comparable terminology. These statements are only
predictions. Actual events or results may differ materially.

While these forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment regarding the
direction of our business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions or other
future performance suggested in this Annual Report.

(b) Results of Operations

For the twelve months ended September 30, 2007 and 2008, the Company had no
revenues from continuing operations.

For the twelve months ended September 30, 2008, the Company had a loss from
operations of $(39,288), as compared with a loss from operations of $(118,450)
for the twelve months ended September 30, 2007.

For the twelve months ended September 30, 2008, the Company incurred interest
expense of $0, as compared with interest expense of $79,678 for the twelve
months ended September 30, 2007. The reduction in interest expense was primarily
attributed to the settlement of certain notes in the quarter ended September 30,
2007.

For the twelve months ended September 30, 2008, the Company had a net loss of
$(39,288) as compared with net income of $861,640 for the twelve months ended
September 30, 2007, primarily related to discharge income of $1,059,768 for the
period.

                                       18
<PAGE>

(c) Liquidity and Capital Resources

As of September 30, 2008 and 2007, the Company had assets equal to $35,295 and
$76,696, respectively, comprised exclusively of cash and cash equivalents. The
Company's current liabilities as of September 30, 2008 and 2007 were $6,250 and
$8,363, respectively, comprised exclusively of accrued expenses.

The following is a summary of the Company's cash flows provided by (used in)
operating, investing, and financing activities for the twelve months ended
September 30, 2008 and 2007:

                                                      Twelve months
                                                    ended September 30,
                                                  ------------------------
                                                     2008           2007
                                                  ---------      ---------
Operating activities                              $ (41,401)     $ (80,581)
Investing activities                              $    --        $    --
Financing activities                              $    --        $ 157,277
                                                  ---------      ---------

Net effect on cash                                $ (41,401)     $  76,696
                                                  =========      =========


The Company currently has nominal assets, no active business operations and no
sources of revenues. The Company is dependent upon the receipt of capital
investment or other financing to fund its ongoing operations and to execute its
business plan of seeking a combination with a private operating company. In
addition, the Company is dependent upon certain related parties to provide
continued funding and capital resources. If continued funding and capital
resources are unavailable at reasonable terms, the Company may not be able to
implement its plan of operations. Our financial statements indicate that without
additional capital, there is substantial doubt as to our ability to continue as
a going concern.

(d) Going Concern

We currently have no source of operating revenue, and have only limited working
capital with which to pursue our business plan, which contemplates the
completion of a business combination with an operating company. The amount of
capital required to sustain operations until the successful completion of a
business combination is subject to future events and uncertainties. It may be
necessary for us to secure additional working capital through loans or sales of
common stock, and there can be no assurance that such funding will be available
in the future. These conditions raise substantial doubt about our ability to
continue as a going concern. Our auditor has issued a "going concern"
qualification as part of his opinion in the Audit Report for the year ended
September 30, 2008.

(e) Critical Accounting Policies

The preparation of financial statements and related disclosures in conformity
with accounting principles generally accepted in the United States requires
estimates and assumptions that affect the reported amounts of assets and
liabilities, revenues and expenses and related disclosures of contingent assets
and liabilities in the financial statements and accompanying notes. The SEC has
defined a company's critical accounting policies as the ones that are most
important to the portrayal of the company's financial condition and results of
operations, and which require the company to make its most difficult and
subjective judgments, often as a result of the need to make estimates of matters
that are inherently uncertain. We believe that our estimates and assumptions are
reasonable under the circumstances; however, actual results may vary from these
estimates and assumptions. We have identified in Note 2 - "Summary of
Significant Accounting Policies" to the Financial Statements contained in Item 8
of this document certain critical accounting policies that affect the more
significant judgments and estimates used in the preparation of the financial
statements.

(f) Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources and would be considered
material to investors.

                                       19
<PAGE>

(g) Contractual Obligations

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the
Company is not required to provide this information.

Item 7a. Quantitative and Qualitative Disclosures about Market Risk

Not Applicable.


Item 8. Financial Statements and Supplementary Data

                          Catalyst Lighting Group, Inc.
                          Index to Financial Statements

Report of Independent Registered Public Accounting Firm                       21

Balance Sheets as of September 30, 2008 and September 30, 2007                22

Statements of Operations for the Years Ended September 30, 2008 and 2007      23

Statement of Changes in Stockholders' Equity (Deficit) for the Years Ended
September 30, 2008 and 2007                                                   24

Statements of Cash Flows for the Years Ended September 30, 2008 and 2007      25

Notes to Financial Statements                                                 26







                                       20
<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Catalyst Lighting Group, Inc.

We have audited the accompanying balance sheets of Catalyst Lighting Group, Inc.
(the "Company") as of September 30, 2008 and 2007, and the related statement of
operations, stockholders' equity, and cash flows for each of the years then
ended. 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 the standards of The Public Company
Accounting Oversight Board (U.S.). Those standards require that we plan and
perform the audit 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, the financial statements referred to above present fairly, in
all material respects, the financial position of Catalyst Lighting Group, Inc.
as of September 30, 2008 and 2007, and the result of its operations and cash
flows for each of the years then ended, 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 1 to the
financial statements, the Company has incurred operating losses since its
inception and has a deficit in accumulated earnings. These conditions raise
substantial doubt about its ability to continue as a going concern. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

Denver, Colorado
December 16, 2008

                                                          /s/ Comiskey & Company

                                                        PROFESSIONAL CORPORATION






                                       21
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>

                            Catalyst Lighting Group, Inc.
                                   Balance Sheets


                                                          September 30,  September 30,
                                                              2008           2007
                                                          -----------    -----------

Assets

Current assets
Cash and cash equivalents                                 $    35,295    $    76,696
                                                          -----------    -----------

Total current assets                                           35,295         76,696
                                                          -----------    -----------

Total assets                                              $    35,295    $    76,696
                                                          ===========    ===========

Liabilities and Stockholders' Equity

Current liabilities
Accrued expenses                                          $     6,250    $     8,363
                                                          -----------    -----------

Total current liabilities                                       6,250          8,363
                                                          -----------    -----------

Stockholders' Equity (Deficit)
  Preferred stock, $0.0001 par value; 10,000,000 shares
    authorized; no shares issued and outstanding                 --             --
  Common stock, $0.0001 par value; 200,000,000 shares
    authorized; 4,331,131 shares issued and outstanding           433            433
  Additional paid-in capital                                4,150,986      4,150,986
Accumulated deficit                                        (4,122,374)    (4,083,086)
                                                          -----------    -----------

Total stockholders' equity                                     29,045         68,333
                                                          -----------    -----------

Total liabilities and stockholders' equity                $    35,295    $    76,696
                                                          ===========    ===========


     The accompanying notes are an integral part of these financial statements.

                                         22
<PAGE>

                                  Catalyst Lighting Group, Inc.
                                    Statements of Operations


                                                                              Year Ended
                                                                             September 30,
                                                                           2008           2007
                                                                       -----------    -----------

Revenue                                                                $      --      $      --

Operating expenses
General and administrative                                                  39,288        118,450
                                                                       -----------    -----------

Total operating expenses                                                    39,288        118,450
                                                                       -----------    -----------

Loss from operations                                                       (39,288)      (118,450)

Other income (expense)
Income from discharge of indebtedness                                         --        1,059,768
Interest income/(expense)                                                     --          (79,678)
                                                                       -----------    -----------

Net income (loss)                                                      $   (39,288)   $   861,640
                                                                       ===========    ===========

Net income (loss) per share - basic and diluted                        $      (.01)   $      1.70
                                                                       ===========    ===========

Weighted average number of shares of outstanding - basic and diluted     4,331,131        506,322
                                                                       ===========    ===========


           The accompanying notes are an integral part of these financial statements.

                                               23
<PAGE>

                                              Catalyst Lighting Group, Inc.
                                 Statement of Changes in Stockholders' Equity (Deficit)
                                     For the Years Ended September 30, 2008 and 2007




                           Preferred Stock                Common Stock          Additional                      Total
                      --------------------------    -------------------------    Paid-In        Deficit      Stockholders'
                        Shares         Amount        Shares *       Amount       Capital      Accumulated  Equity (Deficit)
                      -----------    -----------    -----------   -----------   -----------   -----------  ----------------

Balances at
September 30, 2006           --      $      --          421,550   $        42   $ 3,859,344   $(4,944,726)   $(1,085,340)
                      -----------    -----------    -----------   -----------   -----------   -----------    -----------

Preferred stock
issued for cash           157,277        157,277           --            --            --            --          157,277
Common stock
issued for payment
of debt                      --             --        1,154,258           115       115,310          --          115,425
Common stock
issued for services          --             --          193,308            20        19,311          --           19,331
Common stock
issued on
conversion of
preferred stock          (157,277)      (157,277)     2,562,015           256       157,021          --             --
Net income (loss)            --             --             --            --            --         861,640        861,640
                      -----------    -----------    -----------   -----------   -----------   -----------    -----------

Balances at
September 30, 2007           --      $      --        4,331,131   $       433   $ 4,150,986   $(4,083,086)   $    68,333
                      -----------    -----------    -----------   -----------   -----------   -----------    -----------

Net income (loss)            --             --             --            --            --         (39,288)       (39,288)
                      -----------    -----------    -----------   -----------   -----------   -----------    -----------

Balances at
September 30, 2008           --      $      --        4,331,131   $       433   $ 4,150,986   $(4,122,374)   $    29,045
                      ===========    ===========    ===========   ===========   ===========   ===========    ===========


*after giving effect the 1-for-10 reverse stock split and the reduction in the par value of common stock from $0.01 to
$0.0001 per share effective September 25, 2007.


                       The accompanying notes are an integral part of these financial statements.

                                                           24
<PAGE>

                           Catalyst Lighting Group, Inc.
                             Statements of Cash Flows

                                                                 Year Ended
                                                                September 30,
                                                             2008           2007
                                                         -----------    -----------
Cash Flows From Operating Activities
Net (loss)                                               $   (39,288    $   861,640
  Adjustments to reconcile net (loss) to net
    cash (used in) operating activities:
      Income on discharge of indebtedness                       --       (1,059,768)
      Amortization of debt discount                             --           51,960
      Common stock issued for services                          --           19,331
  Changes in operating assets and liabilities:
Accrued expenses                                              (2,113)        46,256
                                                         -----------    -----------

      Net cash provided by (used in)
        operating activities                                 (41,401)       (80,581)

Cash Flows From Financing Activities
Proceeds from issuance of preferred stock                       --          157,277
                                                         -----------    -----------

Net cash provided by financing activities                       --          157,277
                                                         -----------    -----------

  Net increase (decrease) in cash and cash equivalents       (41,401)        76,696

Cash and cash equivalents, beginning of period                76,696           --
                                                         -----------    -----------

Cash and cash equivalents, end of period                 $    35,295    $    76,696
                                                         ===========    ===========

Supplemental Disclosure of Cash Flow Information
  Cash paid for interest                                 $      --      $      --
Supplemental Disclosure of Non-Cash
  Financing Transactions
Common stock issued in payment of debt                   $      --      $   115,425

Common stock issued on conversion of preferred stock     $      --      $   157,277


    The accompanying notes are an integral part of these financial statements.

                                        25
</TABLE>
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


1.   Basis of Presentation and Organization

Organization and Business

The Company was incorporated in the State of Delaware on March 7, 2001. On
August 27, 2003, the Company completed the reverse acquisition of Whitco
Company, L.P. ("Whitco"). Whitco was a wholly owned subsidiary of the Company
and was engaged in the manufacture and sale of area lighting poles to
distributors throughout the United States of America.

On March 15, 2006, Whitco voluntarily filed for protection under Chapter 11 of
the U.S. bankruptcy laws. On April 25, 2006, the bankruptcy court approved a
sale of Whitco's assets (other than cash and accounts receivable) used in its
area lighting pole business. The assets were sold free and clear of any liens
and encumbrances to a third party purchaser pursuant to Section 363 of the U.S
Bankruptcy Code. The purchaser issued a common stock purchase warrant to acquire
shares of the purchaser's common stock as consideration for the assets purchased
("Purchase Warrant").

On May 16, 2006, Whitco filed a motion to convert its bankruptcy case to a
Chapter 7 liquidation proceeding. This motion was granted by the bankruptcy
court on July 13, 2006. In connection with the liquidation, the Purchase Warrant
and Whitco's cash and accounts receivable were assigned and distributed to
Whitco's secured creditor. As part of the Chapter 7 bankruptcy proceedings, no
assets were available for distribution to unsecured creditors and, accordingly,
these unsatisfied obligations were relieved as part of the liquidation in
accordance with the provisions of Chapter 7 of U.S. bankruptcy laws.

Since Whitco's liquidation in bankruptcy, the Company has had nominal assets and
nominal business operations and its business strategy has been to investigate
and, if such investigation warrants, acquire a target company or business
seeking the perceived advantages of being a publicly held corporation. In
furtherance of this business strategy, on July 25, 2006, the Company voluntarily
filed for protection under Chapter 11 of the U.S. bankruptcy laws. The Company
subsequently determined to withdraw from bankruptcy court protection and, on
motion made by the U.S. trustee, the bankruptcy court ordered the case dismissed
on January 9, 2007. Since the dismissal of the Company's bankruptcy case, the
Company has settled its outstanding liabilities with creditors and is now in a
position to actively seek a target company. In addition, effective February 22,
2007, the Company experienced a change in control and its management changed,
pursuant to a Securities Purchase Agreement by and between the Company and KIG
Investors I, LLC ("Investor") (see Note 3).

The Company's principal business objective for the next 12 months and beyond
such time will be to achieve long-term growth potential through a combination
with a business rather than immediate, short-term earnings. The Company will not
restrict its potential candidate target companies to any specific business,
industry or geographical location and, thus, may acquire any type of business.

Basis of Presentation

The accompanying financial statements include the accounts of the Company. The
operations of Whitco, prior to the disposition of Whitco's assets, are excluded
from continuing operations.

                                       26
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


Going Concern

Since inception, the Company and its former subsidiary have a cumulative net
loss of $4,122,374. Since inception, the Company has also been dependent upon
the receipt of capital investment or other financing to fund its operations. The
Company currently has no source of operating revenue, and has only limited
working capital with which to pursue its business plan, which contemplates the
completion of a business combination with an operating company. The amount of
capital required to sustain operations until the successful completion of a
business combination is subject to future events and uncertainties. It may be
necessary for the Company to secure additional working capital through loans or
sales of common stock, and there can be no assurance that such funding will be
available in the future. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

The accompanying financial statements have been presented on the basis of the
continuation of the Company as a going concern and do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts or the amounts and classifications of liabilities that might be
necessary should the Company be unable to continue as a going concern.

2.   Summary of Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities as well as the
reported amounts of revenues and expenses. Actual results could differ from
these estimates.

Income Taxes

The Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, Accounting for Income Taxes ("SFAS No. 109"),
which requires the recognition of deferred tax liabilities and assets at
currently enacted tax rates for the expected future tax consequences of events
that have been included in the financial statements or tax returns. A valuation
allowance is recognized to reduce the net deferred tax asset to an amount that
is more likely than not to be realized. The tax provision shown on the
accompanying statement of operations is zero since the deferred tax asset
generated from net operating losses is offset in its entirety by a valuation
allowance. State minimum taxes are expensed as incurred.

Cash and Cash Equivalents

Cash and cash equivalents, if any, include all highly liquid instruments with an
original maturity of three months or less at the date of purchase.

Fair Value of Financial Instruments

The Company's financial instruments are comprised of accrued expenses. The
carrying amounts of financial instruments approximate fair value due to their
short maturities.

Net Loss Per Share

Basic loss per share (EPS) is calculated by dividing the loss available to
common shareholders by the weighted average number of common shares outstanding
for the period. Diluted EPS reflects the potential dilution that could occur if
securities or other contracts to issue common stock were exercised or converted
into common stock. The Company currently has no dilutive securities and as such,
basic and diluted loss per share are the same for all periods presented.

                                       27
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


Comprehensive Loss

Comprehensive loss is defined as all changes in stockholders' equity (deficit),
exclusive of transactions with owners, such as capital investments.
Comprehensive loss includes net loss, changes in certain assets and liabilities
that are reported directly in equity such as translation adjustments on
investments in foreign subsidiaries and unrealized gains (losses) on
available-for-sale securities. For the year ended September 30, 2008, the
Company's comprehensive loss was the same as its net loss.

Stock Compensation for Services Rendered

The Company accounts for equity instruments issued to non-employees in
accordance with the provisions of SFAS No. 123 and Emerging Issues Task Force
("EITF") Issue No. 96-18, "Accounting for Equity Instruments That Are Issued to
Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or
Services." All transactions in which goods or services are the consideration
received for the issuance of equity instruments are accounted for based on the
fair value of the consideration received or the fair value of the equity
instrument issued, whichever is more reliably measurable. The measurement date
of the fair value of the equity instrument issued is the earlier of the date on
which the counterparty's performance is complete or the date on which it is
probable that performance will occur.

Recently Issued Accounting Pronouncements

In March 2008, the FASB issued SFAS No. 161, "Disclosures about Derivative
Instruments and Hedging Activities - an amendment of SFAS No. 133." This
Statement amends and expands the disclosure requirements by requiring
qualitative disclosures about objectives and strategies for using derivatives,
quantitative disclosures about fair value amounts of, and gains and losses on,
derivative instruments, and disclosures about credit risk-related contingent
features in derivative agreements. SFAS No. 161 is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008.

In April 2008, the FASB approved FSP FAS 142-3, "Determination of the Useful
Life of Intangible Assets." FSP FAS 142-3 amends the factors that should be
considered in developing renewal or extension assumptions used to determine the
useful life of a recognized intangible asset under SFAS No. 142, "Goodwill and
Other Intangible Assets." FSP FAS 142-3 is effective for the Company's fiscal
year beginning October 1, 2009, with early adoption prohibited.

In May 2008, the FASB approved FSP APB 14-1, "Accounting for Convertible Debt
Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash
Settlement)." FSP APB 14-1 clarifies that convertible debt instruments that may
be settled in cash upon conversion (including partial cash settlement) are not
addressed by paragraph 12 of APB Opinion No. 14, "Accounting for Convertible
Debt and Debt issued with Stock Purchase Warrants." Additionally, FSP APB 14-1
specifies that issuers of such instruments should separately account for the
liability and equity components in a manner that will reflect the entity's
nonconvertible debt borrowing rate when interest cost is recognized in
subsequent periods. FSP APB 14-1 is effective for the Company's fiscal year
beginning October 1, 2009.

In June 2008, the FASB issued FSP EITF 03-6-1, "Determining Whether Instruments
Granted in Share-Based Payment Transactions Are Participating Securities." FSP
EITF 03-6-1 addresses whether instruments granted in share-based payment
transactions are participating securities prior to vesting and, therefore, need
to be included in computing earnings per share under the two-class method
described in SFAS No. 128, "Earnings Per Share." FSP EITF 03-6-1 requires
companies to treat unvested share-based payment awards that have non-forfeitable
rights to dividend or dividend equivalents as a separate class of securities in
calculating earnings per share. FSP EITF 03-6-1 will be effective for the
Company's fiscal year beginning October 1, 2009, with early adoption prohibited.

The adoption of these new Statements, when effective, are not expected to have a
material effect on the Company's financial position, results of operations, or
cash flows.

                                       28
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


3.   Change of Control Transactions; Creditor Settlements

On August 22, 2007, the Company entered into a stock purchase agreement with the
Investor pursuant to which the Investor purchased 1,572,770 shares of
convertible preferred stock for a purchase price of $157,277, or $0.10 per share
("Preferred Stock Purchase").

On August 23, 2007, in accordance with the terms of the stock purchase
agreement, the existing officers and two of the Company's directors resigned,
and Kevin R. Keating, the sole remaining director, was appointed Chief Executive
Officer, Chief Financial Officer, President, Secretary and Treasurer.

Kevin R. Keating is the father of Timothy J. Keating, the principal member of
Keating Investments, LLC. Keating Investments, LLC is the managing member of the
Investor. Timothy J. Keating is the manager of the Investor.

The Preferred Stock Purchase was completed on September 12, 2007. The preferred
shares were automatically convertible into the Company's common stock at such
time as the Company completed a 1-for-10 reverse stock split ("Reverse Split").
The Reverse Split was completed on September 25, 2007, and the Investor was
issued 2,562,015 shares of common stock, on a post-split basis, upon
cancellation of the preferred stock. As of September 30, 2008, the Investor owns
approximately 59% of the outstanding shares of common stock. The proceeds of the
Preferred Stock Purchase were used to pay outstanding liabilities of the
Company.

In connection with and as a condition of the closing of the Preferred Stock
Purchase, the Company entered into agreements with a number of creditors for a
cash settlement of amounts owed to them by the Company. Pursuant to these cash
settlements, the Company paid an aggregate of $30,277 in complete satisfaction
of $191,092 in accrued liabilities, resulting in income from the discharge of
indebtedness of $160,815 in the fourth quarter of the year ending September 30,
2007.

In connection with and as a condition of the closing of the Preferred Stock
Purchase, the Company also entered into agreements with a number of creditors
for the issuance of common stock in complete settlement of amounts owed to them
for services rendered. Pursuant to these equity settlements, the Company issued
an aggregate of 71,086 shares of common stock, on a post-split basis, valued at
$7,109 or approximately $0.10 per share, in satisfaction of accrued liabilities
totaling $73,260, resulting in income from discharge of indebtedness of $66,151
being recorded in the fourth quarter of the year ending September 30, 2007.

In connection with and as a condition of the closing of the Preferred Stock
Purchase, the Company also entered into an agreement with the Company's secured
creditor for the issuance of common stock in complete settlement of amounts owed
to it for certain loans and accrued interest. Pursuant to this equity
settlement, the Company issued 1,083,172 shares of common stock, on a post-split
basis, valued at $108,317 or approximately $0.10 per share, in satisfaction of
principal under notes of $820,024 and accrued interest of $121,095, resulting in
income from discharge of indebtedness of $832,802 being recorded in the fourth
quarter of the year ending September 30, 2007.

In consideration of the above equity settlements, each creditor was granted
piggy back registration rights for the shares of common stock received in the
settlement.

Further, as part of the cash and equity settlements, any creditor holding
warrants to purchase shares of the Company's common stock agreed to the
cancellation of such warrants. Accordingly, warrants to purchase 82,367 shares
of common stock, on a post-split basis, were cancelled.

                                       29
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


4.   Stockholders' Equity

Common Stock

Pursuant to certain settlement agreements, on September 14, 2007, the Company
issued an aggregate of 71,086 shares of common stock, on a post-split basis,
valued at $7,109 or approximately $0.10 per share, in satisfaction of accrued
liabilities owed to certain service providers totaling $73,260, resulting in
income from discharge of indebtedness of $66,151 being recorded.

Pursuant to a settlement agreement with Laurus Master Fund, Ltd., on September
14, 2007, the Company issued 1,083,172 shares of common stock, on a post-split
basis, valued at $108,317 or approximately $0.10 per share, in satisfaction of
principal under notes of $820,024 and accrued interest of $121,095, resulting in
income from discharge of indebtedness of $832,802 being recorded.

On September 14, 2007, the Company issued 86,654 shares of its common stock, on
a post-split basis, to Kevin R. Keating, the sole officer and director of the
Company, for services rendered to the Company valued at $8,665, or $0.10 per
share.

On September 14, 2007, the Company issued 86,654 shares of its common stock, on
a post-split basis, to Garisch Financial, Inc. for consulting services rendered
to the Company valued at $8,665, or $0.10 per share.

On September 14, 2007, the Company issued 20,000 shares of its common stock, on
a post-split basis, to a former officer and director of the Company, for
consulting services rendered to the Company valued at $2,000, or $0.10 per
share.

On September 25, 2007, following the completion of the Reverse Split, the
Company automatically converted its outstanding Preferred Stock and issued the
Investor 2,562,015 shares of common stock, on a post-split basis.

All of the foregoing shares of common stock issued by the Company were issued
under an exemption from registration under Section 4(2) of the Securities Act of
1933, as amended ("Securities Act"). As such, the shares of common stock so
issued are restricted shares, and the holder thereof may not sell, transfer or
otherwise dispose of such shares without registration under the Securities Act
or an exemption therefrom. The Company has granted piggyback registration rights
to each of the recipients of the foregoing stock issuances with respect to the
above shares. In addition, demand registration rights have been granted to the
Investor and the Entity.

Preferred Stock

On August 27, 2007, the Company's Board of Directors designated 1,600,000 shares
of preferred stock as Series A Convertible Preferred Stock ("Preferred Stock").
Each share of Preferred Stock was automatically convertible into 16.28982 shares
of fully paid and non-assessable common stock upon the Company's completion of a
reverse stock split. The holders of Preferred Stock were entitled to vote the
number of shares of common stock they were entitled to upon conversion on all
matters presented to a vote of the common stockholders.

On August 22, 2007, the Company entered into a stock purchase agreement with the
Investor pursuant to which the Investor purchased 1,572,770 shares of Preferred
Stock for a purchase price of $157,277 ("Preferred Stock Purchase"). The
Preferred Stock Purchase was completed on September 12, 2007. The shares of
Preferred Stock were automatically convertible into the Company's common stock
at such time as the Company completed a 1-for-10 reverse stock split ("Reverse
Split"). The Reverse Split was completed on September 25, 2007, and the Investor
was issued 2,562,015 shares of common stock, on a post-split basis, upon
cancellation of the Preferred Stock.

                                       30
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


Reverse Stock Split

On September 25, 2007, the Company completed a 1-for-10 reverse stock split of
its outstanding common stock. The Reverse Split provided for the round up of
fractional shares and the special treatment of certain shareholders as follows:

     a)   shareholders holding less than 100 shares of common stock as of the
          record date will not be affected by the Reverse Split and will hold
          the same number of shares both before and after the Reverse Split;

     b)   shareholders holding 1,000 or fewer shares of common stock, but at
          least 100 shares of common stock as of the record date will hold 100
          shares of common stock following the Reverse Split; and

     c)   all fractional shares as a result of the Reverse Split will be rounded
          up.

In connection with the Reverse Split, effective September 25, 2007, the Company
also amended its certificate of incorporation to reduce the par value of its
common stock and preferred stock from $0.01 to $0.0001 per share and to increase
the number of authorized shares of common stock from 40,000,000 to 200,000,000
shares.

As of September 30, 2008, there were 4,331,131 shares of common stock, par value
$0.0001 per share, issued and outstanding. Except as otherwise noted, all
references to shares of the Company's common stock shall refer to the shares of
common stock after giving effect to the Reverse Split and the reduction of the
par value per share.

Option Plans

As of October 1, 2005, there were issued and outstanding options to purchase
9,828 shares of the Company's common stock, on a post-split basis, and there
were 140,172 options available for issuance under the 2003 Stock Option Plan.
During the fiscal year ended September 30, 2006, the options to purchase 9,828
shares of common stock under the 2003 Stock Option Plan were cancelled. On
September 13, 2007, following the closing of the Preferred Stock Purchase, the
2003 Stock Option Plan was terminated by the Company's Board of Directors.

Stock Purchase Warrants

As of October 1, 2005, there were issued and outstanding warrants to purchase
86,410 shares of the Company's common stock, on a post-split basis. During the
fiscal year ended September 30, 2007, the Company entered into settlement
agreements with certain creditors who held warrants to purchase 82,366 shares of
common stock. As part of these settlement agreements, these warrants were
cancelled.

On March 26, 2008, warrants to purchase 710 shares, on a post split basis, of
the Company's common stock at an exercise price of $31.25 expired without being
exercised.

As of September 30, 2008, the Company had issued and outstanding warrants, on a
post-split basis, as follows:

                                            Warrants     Exercise
   Warrant Holder                          Outstanding     Price    Expiry Date
-------------------------------------------------------------------------------

Investor                                        3,334    $  30.00    12/10/2009
                                           ----------


                                       31
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


5.   Related Party Transactions

On September 14, 2007, the Company issued 86,654 shares of its common stock, on
a post-split basis, to Kevin R. Keating, the sole officer and director of the
Company, for services rendered to the Company valued at $8,665, or $0.10 per
share.

On September 14, 2007, the Company issued 20,000 shares of its common stock, on
a post-split basis, to a former officer and director of the Company, for
consulting services rendered to the Company valued at $2,000, or $0.10 per
share.

On August 22, 2007, the Company entered into a revolving loan agreement with
Keating Investments, LLC ("Lender"). Pursuant to this agreement, the Lender
agreed to make advances to the Company from time to time at the request of the
Company. The advances outstanding were not to exceed $30,000. The Company was
required to repay the outstanding advances in full on or before October 22,
2007. The advances bear interest commencing September 22, 2007 at a rate of 6%
per annum. The Lender made advances of $25,000 and $5,000 on August 27, 2007 and
September 5, 2007, respectively. The advances were used for working capital
purposes and to pay certain accrued liabilities and service providers. On
September 19, 2007, these advances were repaid in full from the proceeds of the
Preferred Stock Purchase. Keating Investments, LLC is the managing member of the
Investor.

Management Agreement

On October 1, 2007, the Company and Vero entered into an agreement whereby Vero
will provide to the Company a broad range of managerial and administrative
services for a fixed fee of $1,000 per month, for an initial period of twelve
months. At the end of the initial twelve month term, the agreement will continue
to remain in effect until terminated in writing by either party. For the years
ended September 30, 2008 and 2007, the Company recorded $12,000 and $0,
respectively, of managerial and administrative expenses associated with this
agreement which are included as a component of general and administrative
expenses in the accompanying statements of operations.

6.   Income Taxes

The following is a reconciliation between the federal income tax benefit
computed at the statutory federal income tax rate and actual income tax benefit
(in thousands):

                                                                  Year Ended
                                                                 September 30,
                                                                 2008      2007
                                                                -----     -----

Federal income tax expense (benefit) at statutory rate          $ (13)    $ 295

State income taxes, net of federal income tax effect             --        --

Valuation allowance                                                13      (295)
                                                                -----     -----

Total income tax benefit                                        $--       $--
                                                                =====     =====

At September 30, 2008, the Company had a net operating loss carryforward for
federal and state income tax purposes of approximately $3.6 million available to
offset future taxable income through 2028.

                                       32
<PAGE>

                          Catalyst Lighting Group, Inc.
                          Notes to Financial Statements
                               September 30, 2008


A valuation allowance of $1.2 million was established at September 30, 2008 to
offset the benefit from the net operating loss carryforward to the extent it is
more likely than not, based upon available evidence, that the recorded value
will not be realized. Realization is dependent on the existence of sufficient
taxable income within the carryforward period. In August 2007, upon the issuance
of common shares in settlement of liabilities, the Company underwent a change of
control pursuant to Section 382 of the internal revenue code. Net operating
losses prior to the change of control are limited in post change periods under
Section 382 to approximately $12,000 per year.










                                       33
<PAGE>

Item 9. Changes in and Disagreements with Accountants on Financial Disclosure

Not Applicable.

Item 9a. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures.

We maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our reports filed pursuant to the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules, regulations and related forms, and that
such information is accumulated and communicated to our principal executive
officer and principal financial officer, as appropriate, to allow timely
decisions regarding required disclosure.

Our management is also responsible for establishing and maintaining adequate
internal control over financial reporting. The Company's internal control over
financial reporting is designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles.

Our internal control over financial reporting includes those policies and
procedures that:

     o    Pertain to the maintenance of records that, in reasonable detail,
          accurately and fairly reflect the transactions and dispositions of the
          assets of the Company;
     o    Provide reasonable assurance that transactions are recorded as
          necessary to permit preparation of financial statements in accordance
          with generally accepted accounting principles, and that our receipts
          and expenditures are being made only in accordance with authorizations
          of the Company's management and directors; and
     o    Provide reasonable assurance regarding prevention or timely detection
          of unauthorized acquisition, use or disposition of our assets that
          could have a material effect on the financial statements.

As of September 30, 2008, we carried out an evaluation, under the supervision
and with the participation of our principal executive officer and our principal
financial officer of the effectiveness of the design and operation of our
disclosure controls and procedures. Based on this evaluation, our principal
executive officer and our principal financial officer concluded that our
disclosure controls and procedures were effective as of the end of the period
covered by this report.

There have been no changes in our internal control over financial reporting
during the quarter ended September 30, 2008 that have materially affected, or
are reasonably likely to materially affect, our internal control over financial
reporting.

Management's Report on Internal Control Over Financial Reporting.

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Rule 13a-15(f) of
the Securities & Exchange Act of 1934 ("Exchange Act"). Under the supervision
and with the participation of our principal executive officer and principal
financial officer, we conducted an evaluation of the effectiveness of our
internal control over financial reporting based on the framework in Internal
Control--Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on our evaluation under the
framework in Internal Control--Integrated Framework, our management concluded
that our internal control over financial reporting was effective as of September
30, 2008.

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 SEC that
permit the Company to provide only management's report in this annual report.

                                       34
<PAGE>

Change in Internal Control over Financial Reporting

There were no changes in the Company's internal control over financial reporting
that occurred during the quarter ended September 30, 2008 that have materially
affected, or that are reasonably likely to materially affect, the Company's
internal control over financial reporting.

Item 9b. Other Information.

None.

                                    PART III

Item 10. Directors, Executive Officers and Corporate Governance.

(a) Identification of Directors and Executive Officers

Our sole officer and director and additional information concerning him is as
follows:

      Name             Age                         Position
      ----             ---                         --------

Kevin R. Keating       68      Chief Executive Officer, Chief Financial Officer,
                               President, Secretary and Treasurer and Director

The term of office of each director expires at our annual meeting of
stockholders or until their successors are duly elected and qualified. Except as
set forth in Item 11 of this Registration Statement, the Directors are not
compensated for serving as such. Officers serve at the discretion of the Board
of Directors.

Kevin R. Keating has served as a director of the Company since its inception.
Mr. Keating was appointed Chief Executive Officer, Chief Financial Officer,
President, Secretary and Treasurer on August 23, 2007. Mr. Keating is the
Managing Member of Vero Management, LLC, which provides managerial,
administrative, and financial consulting services for micro-cap public
companies.

For more than 40 years he had been engaged in various aspects of the investment
business. Mr. Keating began his Wall Street career with the First Boston
Corporation in New York in 1965. From 1967 through 1974, he was employed by
several institutional research boutiques where he functioned as Vice President
Institutional Equity Sales. From 1974 until 1982, Mr. Keating was the President
and Chief Executive Officer of Douglas Stewart, Inc., a New York Stock Exchange
member firm. From 1982 through 2006, he was associated with a variety of
securities firms as a registered representative servicing the investment needs
of high net worth individual investors.

Additionally, Mr. Keating currently serves as director of the following public
companies: Blue Holdings, Inc. Also, he is the sole officer and director of
Wentworth IV, Inc., Wentworth V, Inc., Wentworth VI, Inc., Wentworth VII, Inc.,
and Wentworth VIII, Inc., all of which are publicly-reporting, non-trading,
shell companies.

Mr. Keating serves as the sole officer and a director of Forex365, Inc. and
Frezer, Inc., each of which are public shell companies which trade on the
Over-the-Counter Bulletin Board under the symbols "FRXT" and "FREZ",
respectively.

(b) Significant Employees

None.


                                       35
<PAGE>

(c) Family Relationships

Timothy J. Keating, who may be deemed a beneficial owner of shares of the
Company's common stock by virtue of his relationship with KIG Investors and
Keating Investments, is the son of Kevin R. Keating, our Chief Executive
Officer, Chief Financial Officer, President, Secretary, Treasurer and sole
director.

(d) Involvement in Certain Legal Proceedings

There have been no events under any bankruptcy act, no criminal proceedings and
no judgments, injunctions, orders or decrees material to the evaluation of the
ability and integrity of our sole officer and director, Kevin R. Keating, during
the past five years.

(e) Audit Committee and Audit Committee Financial Expert

The Company is not a "listed company" under SEC rules and is therefore not
required to have an audit committee comprised of independent directors. The
Company does not currently have an audit committee, however, for certain
purposes of the rules and regulations of the SEC and in accordance with the
Sarbanes-Oxley Act of 2002, the Company's board of directors is deemed to be its
audit committee and as such functions as an audit committee and performs some of
the same functions as an audit committee including: (1) selection and oversight
of the Company's independent accountant; (2) establishing procedures for the
receipt, retention and treatment of complaints regarding accounting, internal
controls and auditing matters; and (3) engaging outside advisors. The Company's
board of directors has determined that its members do not include a person who
is an "audit committee financial expert" within the meaning of the rules and
regulations of the SEC. The board of directors has determined that each of its
members is able to read and understand fundamental financial statements and has
substantial business experience that results in that member's financial
sophistication. Accordingly, the board of directors believes that each of its
members have the sufficient knowledge and experience necessary to fulfill the
duties and obligations that an audit committee would have.

(f) Board Meetings; Nominating and Compensation Committees

The Board of Directors took a number of actions by written consent of all of the
directors during the fiscal year ended September 30, 2008. Such actions by the
written consent of all directors are, according to Delaware corporate law and
the Company's by-laws, as valid and effective as if they had been passed at a
meeting of the directors duly called and held. The Company's directors and
officers do not receive remuneration from the Company unless approved by the
Board of Directors or pursuant to an employment contract. No compensation has
been paid to the Company's directors for attendance at any meetings during the
last fiscal year.

The Company does not have standing nominating or compensation committees, or
committees performing similar functions. The Company's board of directors
believes that it is not necessary to have a compensation committee at this time
because the functions of such committee are adequately performed by the board of
directors. The board of directors also is of the view that it is appropriate for
the Company not to have a standing nominating committee because the board of
directors has performed and will perform adequately the functions of a
nominating committee. The Company is not a "listed company" under SEC rules and
is therefore not required to have a compensation committee or a nominating
committee.

(g) Code of Ethics

A code of ethics relates to written standards that are reasonably designed to
deter wrongdoing and to promote:

     o    Honest and ethical conduct, including the ethical handling of actual
          or apparent conflicts of interest between personal and professional
          relationships;
     o    Full, fair, accurate, timely and understandable disclosure in reports
          and documents that are filed with, or submitted to, the SEC and in
          other public communications made by an issuer;
     o    Compliance with applicable governmental laws, rules and regulations;
     o    The prompt internal reporting of violations of the code to an
          appropriate person or persons identified in the code; and
     o    Accountability for adherence to the code.

                                       36
<PAGE>

Due to the limited scope of the Company's current operations, the Company has
not adopted a corporate code of ethics that applies to its executive officers.

(h) Conflicts of Interest

Certain conflicts of interest exist and may continue to exist between the
Company and its officers and directors due to the fact that each has other
business interests to which they devote their primary attention. Each officer
and director may continue to do so notwithstanding the fact that management time
should be devoted to the business of the Company.

Certain conflicts of interest may exist between the Company and its management,
and conflicts may develop in the future. The Company has not established
policies or procedures for the resolution of current or potential conflicts of
interest between the Company, its officers and directors or affiliated entities.
There can be no assurance that management will resolve all conflicts of interest
in favor of the Company, and conflicts of interest may arise that can be
resolved only through the exercise by management their best judgment as may be
consistent with their fiduciary duties. Management will try to resolve conflicts
to the best advantage of all concerned.

(i) Shareholder Communications

There has not been any defined policy or procedure requirements for stockholders
to submit recommendations or nomination for directors. The board of directors
does not believe that a defined policy with regard to the consideration of
candidates recommended by stockholders is necessary at this time because it
believes that, given the limited scope of the Company's operations, a specific
nominating policy would be premature and of little assistance until the
Company's business operations are at a more advanced level. There are no
specific, minimum qualifications that the board of directors believes must be
met by a candidate recommended by the board of directors. Currently, the entire
board of directors decides on nominees, on the recommendation of any member of
the board of directors followed by the board's review of the candidates' resumes
and interview of candidates. Based on the information gathered, the board of
directors then makes a decision on whether to recommend the candidates as
nominees for director. The Company does not pay any fee to any third party or
parties to identify or evaluate or assist in identifying or evaluating potential
nominee.

The Company does not have any restrictions on shareholder nominations under its
certificate of incorporation or by-laws. The only restrictions are those
applicable generally under Delaware corporate law and the federal proxy rules,
to the extent such rules are or become applicable. The board of directors will
consider suggestions from individual shareholders, subject to evaluation of the
person's merits. Stockholders may communicate nominee suggestions directly to
the board of directors, accompanied by biographical details and a statement of
support for the nominees. The suggested nominee must also provide a statement of
consent to being considered for nomination. There are no formal criteria for
nominees.

Because the management and directors of the Company are the same persons, the
Board of Directors has determined not to adopt a formal methodology for
communications from shareholders on the belief that any communication would be
brought to the board of directors' attention by virtue of the co-extensive
capacities served by Kevin R. Keating.

(j) Indemnification

Under Delaware corporate law and pursuant to our certificate of incorporation
and bylaws, the Company may indemnify its officers and directors for various
expenses and damages resulting from their acting in these capacities. Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted to the Company's officers or directors pursuant to the foregoing
provisions, the Company has been informed that, in the opinion of the SEC, this
indemnification is against public policy as expressed in the Securities Act, and
is therefore unenforceable.

                                       37
<PAGE>

Item 11. Executive Compensation

(a) Compensation Discussion and Analysis

The Company currently is a shell company with nominal assets, no employees and
no active business operations. The Company's business plans are to identify an
operating company with which to merge or to complete a business combination in a
reverse merger transaction. As such, the Company currently has no formal
compensation program for its executive officers, directors or employees.

The Company is not a "listed company" under SEC rules and is therefore not
required to have a compensation committee. Accordingly, the Company has no
compensation committee.

Except as set forth in the summary compensation table below, during the fiscal
years ended September 30, 2007 and 2008, the Company has not provided any
salary, bonus, annual or long-term equity or non-equity based incentive
programs, health benefits, life insurance, tax-qualified savings plans, special
employee benefits or perquisites, supplemental life insurance benefits, pension
or other retirement benefits or any type of nonqualified deferred compensation
programs for its executive officers or employees.

On September 14, 2007, the Company issued Kevin R. Keating 86,654 shares of the
Company's common stock, on a post-reverse split basis, valued at $8,665 for
consulting services provided by Mr. Keating. Mr. Keating will not receive any
further remuneration until the consummation of a business combination. However,
please see Item 13, Certain Relationships and Related Transactions, below for a
full discussion of a certain agreement between the Company and Vero Management,
L.L.C., a limited liability company for which Mr. Keating is the sole member and
manager. Mr. Keating intends to devote very limited time to our affairs.

It is possible that, after the Company successfully consummates a business
combination with an unaffiliated entity, that entity may desire to employ or
retain Mr. Keating for the purposes of providing services to the surviving
entity. However, the Company has adopted a policy whereby the offer of any
post-transaction employment or services to members of management will not be a
consideration in our decision whether to undertake any proposed transaction.

No retirement, pension, profit sharing, stock option or insurance programs or
other similar programs are currently in place for the benefit of the Company's
employees.

As of October 1, 2005, there were issued and outstanding options to purchase
9,828 shares of the Company's common stock, on a post-reverse split basis, and
there were 140,172 options available for issuance under the 2003 Stock Option
Plan. During the fiscal year ended September 30, 2006, the options to purchase
9,828 shares of common stock under the 2003 Stock Option Plan were cancelled. On
September 14, 2007, following the closing of the Preferred Stock Purchase, the
2003 Stock Option Plan was terminated by the Company's Board of Directors, and
there are no stock options outstanding as of the date of this filing.

There are no understandings or agreements regarding compensation our management
will receive after a business combination that is required to be included in
this table, or otherwise.

(b) Summary Compensation Table

The following table summarizes the total compensation paid to or earned by each
of the Company's named executive officers who served as executive officers
during all or a portion of the fiscal years ended September 30, 2007 and 2008.


                                       38
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>

          (a)             (b)     (c)       (d)       (e)        (f)        (g)           (h)           (i)           (j)
                                                                         Non-equity  Non-qualified
                                                                         Incentive      Deferred
                                                     Stock      Option     Plan      Compensation     All Other      Total
  Name and Principal             Salary    Bonus     Awards     Awards  Compensation    Earnings    Compensation  Compensation
       Position           Year    ($)       ($)        ($)        ($)       ($)           ($)           ($)           ($)
------------------------------------------------------------------------------------------------------------------------------
Dennis Depenbusch         2008   $    0    $    0    $     0    $    0    $    0        $    0        $    0        $     0
(former CEO and CFO)(1)   2007   $    0    $    0    $ 2,000    $    0    $    0        $    0        $    0        $ 2,000

Kevin R. Keating (CEO,    2008   $    0    $    0    $     0    $    0    $    0        $    0        $    0        $     0
Pres., CFO, Tres. and     2007   $    0    $    0    $ 8,665    $    0    $    0        $    0        $    0        $ 8,665
Secry.)(1)

     (1)  On September 14, 2007, the Company issued Dennis Depenbusch, its
          former CEO, 20,000 shares of the Company's common stock, on a
          post-reverse split basis, valued at $2,000 for consulting services
          provided by Mr. Depenbusch in connection with the Reorganization.

     (2)  On September 14, 2007, the Company issued Kevin R. Keating 86,654
          shares of the Company's common stock, on a post-reverse split basis,
          valued at $8,665 for consulting services provided by Mr. Keating.

(c) Employment and Other Agreements

The Company has no employment agreements or other agreements with any of its
executive officers or employees.

(d) Compensation of Directors

During the fiscal years ended September 30, 2007 and 2008, except as set forth
above, Messrs. Depenbusch and Keating did not receive separate compensation for
their services as a director.

Item 12. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters.

The following table sets forth certain information regarding the Company's
common stock beneficially owned on February 2, 2009, for (i) each shareholder
the Company knows to be the beneficial owner of 5% or more of its outstanding
common stock, (ii) each of the Company's executive officers and directors, and
(iii) all executive officers and directors as a group. In general, a person is
deemed to be a "beneficial owner" of a security if that person has or shares the
power to vote or direct the voting of such security, or the power to dispose or
to direct the disposition of such security. A person is also deemed to be a
beneficial owner of any securities of which the person has the right to acquire
beneficial ownership within 60 days. To the best of the Company's knowledge, all
persons named have sole voting and investment power with respect to such shares,
except as otherwise noted. At February 2, 2009, 4,331,131 shares of the
Company's common stock were outstanding.



                                       39
</TABLE>
<PAGE>


                                            Number of Shares
          Name and Address                Beneficially Owned   Percent of Shares
---------------------------------------   ------------------   -----------------
Kevin R. Keating (1)                                  96,880                2.2%
190 Lakeview Way
Vero Beach, Florida 32963

Laurus Master Fund, Ltd
335 Madison Avenue, 10th Floor
New York, New York 10017                           1,108,172               25.6%

Keating Investments, LLC (2)
c/o Timothy J. Keating, Manager
5251 DTC Parkway, Suite 1000
Greenwood Village, Colorado 80111                  1,796,350               41.5%

Timothy J. Keating (3)
5251 DTC Parkway, Suite 1000
Greenwood Village, Colorado 80111                  1,796,350               41.5%

Lionsridge Capital, LLC (4)
c/o Frederic M. Schweiger, Manager
2395 Woodglen Drive
Aurora, Illinois 60502                               800,630               18.5%

Frederic M. Schweiger (5)
2395 Woodglen Drive
Aurora, Illinois 60502                               889,284               20.5%

All Executive Officers and Directors as a group       96,880                2.2%

     (1)  Kevin R. Keating has been a director of the Company since March 2001.
          He was appointed Chief Executive Officer, Chief Financial Officer,
          President, Secretary and Treasurer on August 23, 2007.

     (2)  Keating Investments' beneficial ownership includes 34,965 shares of
          common stock owned directly by Keating Investments. In addition,
          Keating Investments' beneficial interest includes 1,761,385 shares of
          the Company's common stock received in the liquidation and dissolution
          of KIG Investors on January 9, 2009. Keating Investments is managed by
          Timothy J. Keating.

     (3)  Timothy J. Keating has voting and investment control over the
          securities beneficially owned by Keating Investments. Timothy J.
          Keating has voting and investment control over the securities owned by
          Keating Investments, and therefore Timothy J. Keating may be deemed a
          beneficial owner of the 1,796,350 shares of common stock deemed
          beneficially owned by Keating Investments.

     (4)  The beneficial interest of Lionsridge Capital, LLC ("Lionsridge")
          includes 800,630 shares of the Company's common stock received in the
          liquidation and dissolution of KIG Investors on January 9, 2009.
          Lionsridge is owned and managed by Frederic M. Schweiger.

     (5)  Frederic M. Schweiger has voting and investment control over the
          securities beneficially owned by Garisch Financial, Inc., which owns
          88,654 shares of the Company's common stock. In addition, Frederic M.
          Schweiger has voting and investment control over the securities owned
          by Lionsridge. Therefore Frederic M. Schweiger may be deemed a
          beneficial owner of 889,284 shares of the Company's common stock.

                                       40
<PAGE>

Item 13. Certain Relationships and Related Transactions, Director Independence.

On August 22, 2007, the Company entered into a revolving loan agreement with
Keating Investments, LLC ("Lender"). Pursuant to this agreement, the Lender
agreed to make advances to the Company from time to time at the request of the
Company. The advances outstanding were not to exceed $30,000. The Company was
required to repay the outstanding advances in full on or before October 22,
2007. The advances bear interest commencing September 22, 2007 at a rate of 6%
per annum. The Lender made advances of $25,000 and $5,000 on August 27, 2007 and
September 5, 2007, respectively. The advances were used for working capital
purposes and to pay certain accrued liabilities and service providers. On
September 19, 2007, these advances were repaid in full from the proceeds of the
Preferred Stock Purchase. Keating Investments, LLC is the managing member of KIG
Investors.

On September 14, 2007, the Company issued 86,654 shares of its common stock, on
a post-reverse split basis, to Kevin R. Keating, the sole officer and director
of the Company, for services rendered to the Company valued at $8,665.

On September 14, 2007, the Company issued 20,000 shares of its common stock, on
a post-reverse split basis, to Dennis Depenbusch, a former officer and director
of the Company, for consulting services rendered to the Company valued at
$2,000.

During the fiscal years ended September 30, 2006 and 2007, a former officer and
director of the Company made cost advances on behalf of the Company totaling
$5,015. These advances were repaid by the Company from the proceeds of the
Preferred Stock Purchase.

Effective October 1, 2007, the Company entered into a management agreement
("Management Agreement") with Vero Management, L.L.C., a Delaware limited
liability company ("Vero") under which Vero had agreed to provide a broad range
of managerial and administrative services to the Company including, but not
limited to, assistance in the preparation and maintenance of the Company's
financial books and records, the filing of various reports with the appropriate
regulatory agencies as are required by State and Federal rules and regulations,
the administration of matters relating to the Company's shareholders including
responding to various information requests from shareholders as well as the
preparation and distribution to shareholders of relevant Company materials, and
to provide office space, corporate identity, telephone and fax services,
mailing, postage and courier services for a fixed fee of $1,000 per month, for
an initial period of twelve months. At the end of the initial twelve month term,
the agreement will continue to remain in effect until terminated in writing by
either party. Kevin R. Keating, the sole officer and director of the Company, is
the sole owner and manager of Vero.

Except as otherwise indicated herein, there have been no related party
transactions, or any other transactions or relationships required to be
disclosed pursuant to Item 404 of Regulation S-B.

Director Independence

The Company is not a "listed company" under SEC rules and is therefore not
required to have independent directors.

Item 14. Principal Accountant Fees and Services

Comiskey & Company, P.C. ("Comiskey & Company") is the Company's independent
registered public accounting firm.

(a) Audit Fees

The aggregate fees billed by Comiskey & Company for professional services
rendered for the audit of our annual financial statements and review of
financial statements included in our quarterly reports or services that are
normally provided in connection with statutory and regulatory filings were
$6,250 for the fiscal year ended September 30, 2008 and $9,250 for the fiscal
year ended September 30, 2007.

                                       41
<PAGE>

(b) Audit-Related Fees

There were no fees billed by Comiskey & Company for assurance and related
services that are reasonably related to the performance of the audit or review
of the Company's financial statements for the fiscal years ended September 30,
2008 and 2007.

(c) Tax Fees

There were $1,250 in fees billed by Comiskey & Company for professional services
for tax compliance, tax advice, and tax planning for the fiscal year ended
September 30, 2008 and $6,250 for the fiscal year ended September 30, 2007.

(d) All Other Fees

There were no fees billed by Comiskey & Company for other products and services
for the fiscal years ended September 30, 2008 and 2007.

(e) Audit Committee's Pre-Approval Process

The Board of Directors acts as the audit committee of the Company, and
accordingly, all services are approved by all the members of the Board of
Directors.

                                     PART IV

Item 15. Exhibits and Financial Statement Schedules


     Financial Statements.

The Company's financial statements are included in Item 8 of this Annual Report.


     Financial Statement Schedules.

All schedules are omitted because they are not applicable or have been provided
in Item 8 of this Annual Report.

     Exhibits:

     Exhibit
     Number                             Description
     ------                             -----------

     2.1       Certificate of Ownership and Merger, as filed with the Delaware
               Secretary of State on September 23, 2003

     3.1       Certificate of Incorporation, as filed with the Delaware
               Secretary of State on March 7, 2001

     3.2       Certificate of Designation of Series A Convertible Preferred
               Stock, as filed with the Delaware Secretary of State on August
               27, 2007

     3.3       Certificate of Amendment of Certificate of Incorporation, as
               filed with the Delaware Secretary of State on September, 19, 2007

     3.4       By-Laws, as amended

     10.1      Common Stock Purchase Warrant Issued to John Sanderson dated May
               26, 2004

                                       42
<PAGE>

     10.2      Common Stock Purchase Warrant Issued to Wilkinson Family Trust
               dated December 10, 2004

     10.3      Securities Purchase Agreement between KIG Investors I, LLC and
               the Company dated August 22, 2007

     10.4      Registration Rights Agreement between KIG Investors I, LLC and
               the Company dated September 12, 2007

     10.5      Settlement and Release Agreement between Feldman Weinstein &
               Smith, LLP and the Company dated August 21, 2007

     10.6      Settlement and Release Agreement between Halliburton Investor
               Relations and the Company dated August 13, 2007

     10.7      Form of Registration Rights Agreement between certain Other
               Stockholders and the Company dated September 14, 2007

     10.8      Settlement and Release Agreement between Laurus Master Fund, Ltd.
               and the Company dated August 22, 2007

     10.9      Registration Rights Agreement between Laurus Master Fund, Ltd.
               and the Company dated September 14, 2007

    10.10      Revolving Loan Agreement between Keating Investments, LLC and the
               Company dated August 22, 2007

    10.11      Consulting Agreement between Garisch Financial, Inc. and the
               Company dated September 13, 2007

    10.12      Agreement between the Company and Vero Management, LLC, dated as
               of October 1, 2007

     31.1      Certification of the Company's Principal Executive Officer and
               Principal Financial Officer pursuant to Section 302 of the
               Sarbanes-Oxley Act of 2002, with respect to the registrant's
               Annual Report on Form 10-K for the year ended September 30, 2008.

     32.1      Certification of the Company's Principal Executive Officer and
               Principal Financial Officer pursuant to 18 U.S.C. Section 1350,
               as adopted pursuant to Section 906 of the Sarbanes Oxley Act of
               2002.

All exhibits, except 31.1 and 32.1, are contained in the Company's Form 10-SB
filed with the SEC on December 7, 2007. Exhibits 31.1 and 32.1 are attached
herein.



                                       43
<PAGE>


                                   SIGNATURES

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

Date: February 6, 2009                        Catalyst Lighting Group, Inc.

                                              By: /s/ Kevin R. Keating
                                                  ------------------------
                                                  Kevin R. Keating
                                                  Chief Executive Officer
                                                  Chief Financial Officer



     In accordance with 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 following capacities on February 6, 2009.

Signatures                              Title
----------                              -----

/s/ Kevin R. Keating                    Chief Executive Officer, Chief Financial
---------------------                   Officer, President, Treasurer, Secretary
                                        and Sole Director








                                       44