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| PART I – FINANCIAL INFORMATION                                                                      |   2 |
|-----------------------------------------------------------------------------------------------------------|----------|
| Item 1.  Financial Statements                                                                        |   2 |
| Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations |   4 |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                  |   8 |
| Item 4.  Controls and Procedures                                                                     |   8 |
| PART II – OTHER INFORMATION                                                                         |   9 |
| Item 1.  Legal Proceedings                                                                           |   9 |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                 |   9 |
| Item 3.  Defaults Upon Senior Securities                                                             |   9 |
| Item 4.  (Removed and Reserved)                                                                      |   9 |
| Item 5.  Other Information                                                                           |   9 |
| Item 6.  Exhibits                                                                                    |   9 |

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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

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----

|                                                                                                     |   | January 31, |        |   | October 31, |   |
|----------------------------------------------------------------------------------------------------------|--------|-------------|-------------|--------|-------------|--------|
|                                                                                                     |   | 2011        |        |   | 2010        |   |
|                                                                                                     |   | $           |        |   | $           |   |
|                                                                                                     |   | (unaudited) |        |   |        |   |
|                                                                                                     |   |        |        |   |        |   |
| ASSETS                                                                                                   |   |        |        |   |        |   |
|                                                                                                     |   |        |        |   |        |   |
| Current Assets                                                                                           |   |        |        |   |        |   |
|                                                                                                     |   |        |        |   |        |   |
| Cash                                                                                                     |   |        | 647         |   |        |   | 7,558 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Total Current Assets                                                                                     |   |        | 647         |   |        |   | 7,558 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Property and equipment (Note 5)                                                                          |   |        | 2,606       |   |        |   | 3,594 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Total Assets                                                                                             |   |        | 3,253       |   |        |   | 11,152 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                              |   |        |        |   |        |   |   |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Current Liabilities                                                                                      |   |        |        |   |        |   |   |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Accounts payable                                                                                         |   |        | 637,861     |   |        |   | 625,086 |   |
| Accrued liabilities                                                                                      |   |        | 3,670       |   |        |   | – |   |
| Accrued interest payable                                                                                 |   |        | 156,837     |   |        |   | 138,514 |   |
| Due to related parties (Note 6)                                                                          |   |        | 351,557     |   |        |   | 327,049 |   |
| Notes payable (Note 7)                                                                                   |   |        | 467,443     |   |        |   | 467,018 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Total Liabilities                                                                                        |   |        | 1,617,368   |   |        |   | 1,557,667 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Nature of Operations and Continuance of Business (Note 1)                                                |   |        |        |   |        |   |   |   |
| Commitments (Note 11)                                                                                    |   |        |        |   |        |   |   |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Stockholders’ Deficit                                                                              |   |        |        |   |        |   |   |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Preferred stock: 10,000,000 shares authorized, non-voting, no par value;No shares issued and outstanding |   |        | –     |   |        |   | – |   |
| Common stock: 100,000,000 shares authorized, $0.0001 par value;66,602,490 shares issued and outstanding  |   |        | 6,660       |   |        |   | 6,660 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Additional paid-in capital                                                                               |   |        | 11,866,935  |   |        |   | 11,870,626 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Common stock issuable                                                                                    |   |        | 70,000      |   |        |   | 70,000 |   |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Deficit accumulated during the development stage                                                         |   |        | (13,557,710 | )      |        |   | (13,493,801 | ) |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Total Stockholders’ Deficit                                                                        |   |        | (1,614,115  | )      |        |   | (1,546,515 | ) |
|                                                                                                     |   |        |        |   |        |   |   |   |
| Total Liabilities and Stockholders’ Deficit                                                        |   |        | 3,253       |   |        |   | 11,152 |   |

----

|                                        |   | For TheThree MonthsEnded |       |   | For TheThree MonthsEnded |   |       | Accumulated FromJune 5, 2006(Date of Inception) |   |
|---------------------------------------------|--------|--------------------------|------------|--------|--------------------------|--------|------------|-------------------------------------------------|--------|
|                                        |   | January 31,              |       |   | January 31,              |   |       | to January 31,                                  |   |
|                                        |   | 2011                     |       |   | 2010                     |   |       | 2011                                            |   |
|                                        |   |  $                  |       |   |  $                  |   |       | $                                               |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |
| Revenue                                     |   |                     | –    |   |                     |   | 54,829     |                                            |   |   | 222,866 |   |
| Cost of sales                               |   |                     | –    |   |                     |   | 27,155     |                                            |   |   | 97,230 |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Gross margin                                |   |                     | –    |   |                     |   | 27,674     |                                            |   |   | 125,636 |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Expenses                                    |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Advertising and marketing                   |   |                     | –    |   |                     |   | 1,889      |                                            |   |   | 191,480 |   |
| Amortization of intangible assets           |   |                     | –    |   |                     |   | 1,739      |                                            |   |   | 18,138 |   |
| Amortization of property and equipment      |   |                     | 989        |   |                     |   | 2,730      |                                            |   |   | 37,163 |   |
| Consulting fees                             |   |                     | 22,101     |   |                     |   | 16,166     |                                            |   |   | 2,170,838 |   |
| Foreign exchange loss                       |   |                     | 4,398      |   |                     |   | 6,718      |                                            |   |   | 258,598 |   |
| General and administrative                  |   |                     | 8,129      |   |                     |   | 27,720     |                                            |   |   | 1,076,343 |   |
| Impairment of goodwill                      |   |                     | –    |   |                     |   | –    |                                            |   |   | 3,274,110 |   |
| Impairment of intangible assets             |   |                     | –    |   |                     |   | –    |                                            |   |   | 2,219,724 |   |
| Management fees (Note 6(b))                 |   |                     | –    |   |                     |   | 45,000     |                                            |   |   | 1,162,596 |   |
| Payroll                                     |   |                     | –    |   |                     |   | –    |                                            |   |   | 29,516 |   |
| Professional fees                           |   |                     | 8,485      |   |                     |   | 80,979     |                                            |   |   | 656,616 |   |
| Research and development                    |   |                     | –    |   |                     |   | 2,847      |                                            |   |   | 318,360 |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Total Expenses                              |   |                     | 44,102     |   |                     |   | 185,788    |                                            |   |   | 11,413,482 |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Operating Loss                              |   |                     | (44,102    | )      |                     |   | (158,114   | )                                               |   |   | (11,287,846 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Other Income (Expense)                      |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Gain on settlement of debt                  |   |                     | –    |   |                     |   | 4,442      |                                            |   |   | 651,436 |   |
| Interest and other income                   |   |                     | –    |   |                     |   | –    |                                            |   |   | 59,900 |   |
| Interest expense                            |   |                     | (19,807    | )      |                     |   | (79,558    | )                                               |   |   | (602,031 | ) |
| Write-off of note receivable                |   |                     | –    |   |                     |   | –    |                                            |   |   | (1,114,182 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Total Other Income (Expense)                |   |                     | (19,807    | )      |                     |   | (75,116    | )                                               |   |   | (1,004,877 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Loss from Continuing Operations             |   |                     | (63,909    | )      |                     |   | (233,230   | )                                               |   |   | (12,292,723 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Loss from Discontinued Operations (Note 4)  |   |                     | –    |   |                     |   | (18,631    | )                                               |   |   | (1,181,515 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Net Loss                                    |   |                     | (63,909    | )      |                     |   | (251,861   | )                                               |   |   | (13,474,238 | ) |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Net Loss Per Share– Basic and Diluted |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Continuing operations                       |   |                     | –    |   |                     |   | –    |                                            |   |   |   |   |
| Discontinued operations                     |   |                     | –    |   |                     |   | –    |                                            |   |   |   |   |
|                                        |   |                     |       |   |                     |   |       |                                            |   |   |   |   |
| Weighted Average Shares Outstanding         |   |                     | 66,602,490 |   |                     |   | 99,875,000 |                                            |   |   |   |   |

----

|                                                                        |   | For The Three Months EndedJanuary 31,2011$ |    |   | For The Three Months EndedJanuary 31,2010$ |   |     | Accumulated From June 5, 2006(Date of Inception)to January 31,2011$ |   |
|-----------------------------------------------------------------------------|--------|--------------------------------------------|---------|--------|--------------------------------------------|--------|----------|---------------------------------------------------------------------|--------|
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |
| Operating Activities                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |
| Net loss from continuing operations                                         |   |                                       | (63,909 | )      |                                       |   | (233,230 | )                                                                   |   |   | (1,292,723 | ) |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Accretion of discount on convertible debt                                   |   |                                       | – |   |                                       |   | 1,782    |                                                                |   |   | 87,000 |   |
| Amortization of property and equipment                                      |   |                                       | 989     |   |                                       |   | 2,730    |                                                                |   |   | 37,163 |   |
| Amortization of intangible assets                                           |   |                                       | – |   |                                       |   | 1,739    |                                                                |   |   | 18,138 |   |
| Gain on settlement of debt                                                  |   |                                       | – |   |                                       |   | (4,442   | )                                                                   |   |   | (650,316 | ) |
| Impairment of goodwill                                                      |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 3,274,109 |   |
| Impairment of intangible assets                                             |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 2,219,724 |   |
| Issuance of notes payable for services and penalties                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 90,402 |   |
| Issuance of shares for services                                             |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 528,000 |   |
| Stock-based compensation                                                    |   |                                       | (3,691  | )      |                                       |   | –  |                                                                |   |   | 1,136,981 |   |
| Write-off of notes receivable                                               |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 1,114,182 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Changes in operating assets and liabilities:                                |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Accounts receivable                                                         |   |                                       | – |   |                                       |   | 64,737   |                                                                |   |   | – |   |
| Prepaid expenses and deposits                                               |   |                                       | – |   |                                       |   | 12,502   |                                                                |   |   | (7,745 | ) |
| Accounts payable and accrued liabilities                                    |   |                                       | 16,444  |   |                                       |   | 13,558   |                                                                |   |   | 795,567 |   |
| Accrued interest payable                                                    |   |                                       | 18,323  |   |                                       |   | 78,930   |                                                                |   |   | 439,739 |   |
| Deferred revenue                                                            |   |                                       | – |   |                                       |   | (54,113  | )                                                                   |   |   | – |   |
| Due to related parties                                                      |   |                                       | 24,933  |   |                                       |   | 91,349   |                                                                |   |   | 547,569 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Net Cash Used In Operating Activities                                       |   |                                       | (6,911  | )      |                                       |   | (24,458  | )                                                                   |   |   | (2,662,210 | ) |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Investing Activities                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Acquisition of intangible assets                                            |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (182,687 | ) |
| Cash acquired in reverse merger                                             |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 1,523 |   |
| Acquisition of property and equipment                                       |   |                                       | – |   |                                       |   | (2,897   | )                                                                   |   |   | (33,562 | ) |
| Advances for note receivable                                                |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (1,114,182 | ) |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Net Cash Provided by (Used In) Investing Activities                         |   |                                       | – |   |                                       |   | (2,897   | )                                                                   |   |   | (1,328,908 | ) |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Financing Activities                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Proceeds from issuance of common stock                                      |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 1,821,267 |   |
| Proceeds from issuance of preferred stock                                   |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 1,000,000 |   |
| Proceeds from notes payable                                                 |   |                                       | – |   |                                       |   | 75,000   |                                                                |   |   | 727,022 |   |
| Repayment of notes payable                                                  |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (81,250 | ) |
| Proceeds from related parties                                               |   |                                       | – |   |                                       |   | 50,372   |                                                                |   |   | 561,935 |   |
| Repayments to related parties                                               |   |                                       | – |   |                                       |   | (24,250  | )                                                                   |   |   | (84,780 | ) |
| Cash from disposition of PetsMobility                                       |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 709 |   |
| Share issuance costs                                                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (8,000 | ) |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Net Cash Provided By Financing Activities                                   |   |                                       | – |   |                                       |   | 101,122  |                                                                |   |   | 3,936,903 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Effects of Exchange Rate Changes on Cash                                    |   |                                       | – |   |                                       |   | 3,263    |                                                                |   |   | 54,862 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Net Cash Used in Discontinued Operations:                                   |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Operating Activities                                                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (118,178 | ) |
| Investing Activities                                                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | (661,509 | ) |
| Financing Activities                                                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 779,687 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
|                                                                        |   |                                       | – |   |                                       |   | –  |                                                                |   |   | – |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Increase (Decrease) in Cash                                                 |   |                                       | (6,911  | )      |                                       |   | 77,030   |                                                                |   |   | 647 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Cash - Beginning of Period                                                  |   |                                       | 7,558   |   |                                       |   | 473      |                                                                |   |   | – |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Cash - End of Period                                                        |   |                                       | 647     |   |                                       |   | 77,503   |                                                                |   |   | 647 |   |
|                                                                        |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Supplemental Disclosures                                                    |   |                                       |    |   |                                       |   |     |                                                                |   |   |   |   |
| Interest paid                                                               |   |                                       | – |   |                                       |   | –  |                                                                |   |   | 1,250 |   |
| Income taxes paid                                                           |   |                                       | – |   |                                       |   | –  |                                                                |   |   | – |   |

----

----

----

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|                                   |   | For TheThree Months |    |   | For TheThree Months |   |    | Accumulated from June 5, 2006 |   |
|----------------------------------------|--------|---------------------|---------|--------|---------------------|--------|---------|-------------------------------|--------|
|                                   |   | Ended               |    |   | Ended               |   |    | (Inception)                   |   |
|                                   |   | January 31,         |    |   | January 31,         |   |    | To January 31,                |   |
|                                   |   | 2011                |    |   | 2010                |   |    | 2011                          |   |
|                                   |   | $                   |    |   | $                   |   |    | $                             |   |
|                                   |   |                |    |   |                |   |    |                          |   |
| Revenue                                |   |                | – |   |                |   | 3,170   |                          |   |   | 6,744 |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Expenses                               |   |                |    |   |                |   |    |                          |   |   |   |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Advertising and marketing              |   |                | – |   |                |   | – |                          |   |   | 44,748 |   |
| Amortization of property and equipment |   |                | – |   |                |   | – |                          |   |   | 9,709 |   |
| Consulting fees                        |   |                | – |   |                |   | – |                          |   |   | 245,685 |   |
| Foreign exchange loss                  |   |                | – |   |                |   | – |                          |   |   | 27 |   |
| General and administrative             |   |                | – |   |                |   | 4,963   |                          |   |   | 62,342 |   |
| Impairment of intangible assets        |   |                | – |   |                |   | – |                          |   |   | 651,800 |   |
| Management fees                        |   |                | – |   |                |   | – |                          |   |   | 51,000 |   |
| Professional fees                      |   |                | – |   |                |   | – |                          |   |   | 28,802 |   |
| Payroll                                |   |                | – |   |                |   | 16,838  |                          |   |   | 16,838 |   |
| Research and development               |   |                | – |   |                |   | – |                          |   |   | 79,354 |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Total Expenses                         |   |                | – |   |                |   | 21,801  |                          |   |   | 1,190,305 |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Operating Loss                         |   |                | – |   |                |   | (18,631 | )                             |   |   | (1,183,561 | ) |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Other Income (Expenses)                |   |                |    |   |                |   |    |                          |   |   |   |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Loss on settlement of debt             |   |                | – |   |                |   | – |                          |   |   | (1,120 | ) |
| Interest and other income              |   |                | – |   |                |   | – |                          |   |   | 3,166 |   |
|                                   |   |                |    |   |                |   |    |                          |   |   |   |   |
| Net Loss from Discontinued Operations  |   |                | – |   |                |   | (18,631 | )                             |   |   | (1,181,515 | ) |

|               |   |   |   |   |         |   |   | January 31,  |   |   | October 31,  |   |
|--------------------|--------|--------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|
|               |   |   |   |   |         |   |   | 2011         |   |   | 2010         |   |
|               |   |   |   |   | Accumulated  |   |   | Net Carrying |   |   | Net Carrying |   |
|               |   | Cost   |   |   | Amortization |   |   | Value        |   |   | Value        |   |
|               |   | $      |   |   | $            |   |   | $            |   |   | $            |   |
|               |   |   |   |   |         |   |   |         |   |   |         |   |
| Computer equipment |   |   | 14,819 |   |         |   | 14,064 |         |   |   | 755          |   |   |   | 1,502 |   |
| Office equipment   |   |   | 26,037 |   |         |   | 24,186 |         |   |   | 1,851        |   |   |   | 2,092 |   |
|               |   |   | 50,308 |   |         |   | 46,714 |         |   |   | 2,606        |   |   |   | 3,594 |   |

----

| a)  | As at January 31, 2011, the Company owed $351,557 (October 31, 2010 - $327,049) to management and directors for advance of operating funds and services provided on behalf of the Company. The amounts owing are unsecured, non-interest bearing, and due on demand. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)  | During the three month period ended January 31, 2011, the Company incurred $nil (2010 - $45,000) of management fees to the former President of the Company. |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                            |   | January 31,2011 |    |   | October 31,2010 |   |
|-------------------------------------------------------------------------------------------------|--------|-----------------|---------|--------|-----------------|--------|
|                                                                                            |   |            |    |   |            |   |
| Bling Capital Corp., unsecured, non-interest bearing, and due on demand.                        |   |            | 24,963  |   |            |   | 24,538 |   |
|                                                                                            |   |            |    |   |            |   |   |   |
|                                                                                            |   |            |    |   |            |   |   |   |
| Scottsdale Investment Corporation, unsecured, due interest at 12% per annum, and due on demand. |   |            | 319,980 |   |            |   | 319,980 |   |
|                                                                                            |   |            |    |   |            |   |   |   |
| Ed Aaronson, unsecured, due interest at 10% per annum, and due on demand.                       |   |            | 115,000 |   |            |   | 115,000 |   |
|                                                                                            |   |            |    |   |            |   |   |   |
| Troy Rice, unsecured, due interest at 10% per annum, and due on demand.                         |   |            | 7,500   |   |            |   | 7,500 |   |
|                                                                                            |   |            |    |   |            |   |   |   |
|                                                                                            |   |            | 467,443 |   |            |   | 467,018 |   |

| Number of Warrants | Exercise Price | Expiry Date       |
|--------------------|----------------|-------------------|
| 1,300,000          | $0.50          | July 23, 2012     |
| 78,000             | $0.50          | February 28, 2013 |
| 78,000             | $0.50          | February 28, 2013 |
| 330,705            | $0.90          | July 24, 2011     |
|               |           |              |
| 1,786,705          |           |              |

|                                               |   | Number of Options |      |   | Weighted Average Exercise Price$ |   |   | Weighted Average Remaining Contractual Life (years) |   |   |  Aggregate Intrinsic Value$ |   |
|----------------------------------------------------|--------|-------------------|-----------|--------|----------------------------------|--------|--------|-----------------------------------------------------|--------|--------|----------------------------------|--------|
|                                               |   |              |      |   |                             |   |   |                                                |   |   |                             |   |   |   |
| Outstanding, October 31, 2009                      |   |              | 625,000   |   |                             |   | 0.78   |                                                |   |   |                             |   |   |   |   |   |
|                                               |   |              |      |   |                             |   |   |                                                |   |   |                             |   |   |   |   |   |
| Granted                                            |   |              | 2,000,000 |   |                             |   | 0.15   |                                                |   |   |                             |   |   |   |   |   |
|                                               |   |              |      |   |                             |   |   |                                                |   |   |                             |   |   |   |   |   |
| Outstanding, October 31, 2010 and January 31, 2011 |   |              | 2,625,000 |   |                             |   | 0.30   |                                                |   |   | 4.96                             |   |   |   | – |   |

----

|                         |   | Number of Options |     |   | Weighted AverageGrant DateFair Value$ |   |
|------------------------------|--------|-------------------|----------|--------|---------------------------------------|--------|
|                         |   |              |     |   |                                  |   |
| Non-vested, October 31, 2010 |   |              | 250,000  |   |                                  |   | 0.19 |   |
| Vested                       |   |              | (250,000 | )      |                                  |   | 0.19 |   |
|                         |   |              |     |   |                                  |   |   |   |
| Non-vested, January 31, 2011 |   |              | –  |   |                                  |   | – |   |

| Number of Options | Exercise Price$ | Expiry Date       |
|-------------------|-----------------|-------------------|
|              |            |              |
| 275,000           | 0.50            | July 23, 2017     |
| 350,000           | 1.00            | December 18, 2017 |
| 2,000,000         | 0.15            | March 3, 2015     |
|              |            |              |
| 2,625,000         |            |              |

| a)  | On February 23, 2010, the Company entered into a trademark license agreement (the “Agreement”)  Pursuant to the Agreement, the Company was granted an exclusive license to use certain trademarks and trade names on the Company’s hardware, software and services that provide tracking and location monitoring for people, animals and property of any other nature, but excluding firearms and related accessories, as well as existing licensed products and services of the Company, including but not limited to GPS, E911, A-GPS, radio frequency, beacon technology. Other applications that are covered under the Trademark License Agreement also include offenders monitoring, elderly, medical, teens and children tracking, public safety officers, executives, cars, tracks, motorcycles, aircrafts, boats, personal watercrafts, ATV’s, equipment, cargo, tools, trailers, electronic equipment, retail goods, and consumer goods in transit. The licensed territory includes the United States, Canada and Mexico.  The Agreement expires on February 1, 2015. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company must pay a royalty of net sales and incurred a non-refundable advance against royalties of $5,000.  The Company must pay guaranteed royalties with 25% of each royalty for the year due at the end of each calendar quarter.  Further, the Company has agreed to spend an amount equal to at least 2% of all net sales of the licensed products during each contract year for promotional activities |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | On May 7, 2010, the Company entered into an agreement with a consultant who will provide consulting services for a period of 12 months in consideration for 2,000,000 shares of the Company’s common stock and 1.5% of the commitment amount of any senior, asset based indebtedness and 6% of the face amount of any non-asset based indebtedness as part of a transaction arranged by the consultant. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          |   | On4 Communications$ |    |   | Sound Revolution$ |   |    | CharityTunes$ |   |   |  Total$ |   |
|-------------------------------|--------|---------------------|---------|--------|-------------------|--------|---------|---------------|--------|--------|--------------|--------|
|                          |   |                |    |   |              |   |    |          |   |   |         |   |
| Depreciation and amortization |   |                | 242     |   |              |   | 30      |          |   |   | 717          |   |   |   | 989 |   |
|                          |   |                |    |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Interest expense              |   |                | 19,807  |   |              |   | – |          |   |   | –      |   |   |   | 19,807 |   |
|                          |   |                |    |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Net income (loss)             |   |                | (40,302 | )      |              |   | (202    | )             |   |   | (3,961       | )      |   |   | (44,465 | ) |
|                          |   |                |    |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Total assets                  |   |                | 2,498   |   |              |   | 692     |          |   |   | 63           |   |   |   | 3,253 |   |

|                          |   | On4 Communications$ |     |   | Sound Revolution$ |   |    | CharityTunes$ |   |   |  Total$ |   |
|-------------------------------|--------|---------------------|----------|--------|-------------------|--------|---------|---------------|--------|--------|--------------|--------|
|                          |   |                |     |   |              |   |    |          |   |   |         |   |
| Revenues                      |   |                | –  |   |              |   | – |          |   |   | 54,829       |   |   |   | 54,829 |   |
|                          |   |                |     |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Gross profit                  |   |                | –  |   |              |   | – |          |   |   | 27,674       |   |   |   | 27,674 |   |
|                          |   |                |     |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Depreciation and amortization |   |                | 3,699    |   |              |   | 740     |          |   |   | 30           |   |   |   | 4,469 |   |
|                          |   |                |     |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Interest expense              |   |                | 29,777   |   |              |   | 49,781  |          |   |   | –      |   |   |   | 79,558 |   |
|                          |   |                |     |   |              |   |    |          |   |   |         |   |   |   |   |   |
| Net income (loss)             |   |                | (197,676 | )      |              |   | (48,240 | )             |   |   | 12,686       |   |   |   | (233,230 | ) |

|         |   | On4 Communications$ |   |   | Sound Revolution$ |   |   | CharityTunes$ |   |   |  Total$ |   |
|--------------|--------|---------------------|--------|--------|-------------------|--------|--------|---------------|--------|--------|--------------|--------|
|         |   |                |   |   |              |   |   |          |   |   |         |   |
| Total assets |   |                | 9,651  |   |              |   | 1,409  |          |   |   | 92           |   |   |   | 11,152 |   |

----

----

|           |   | Three Months Ended January 31, 2011(unaudited)($) |   |   | Three Months Ended January 31, 2010(unaudited)($) |   |    | Accumulated from June 5, 2006(Date of Inception) toJanuary 31, 2011(unaudited)($) |   |
|----------------|--------|---------------------------------------------------|--------|--------|---------------------------------------------------|--------|---------|-----------------------------------------------------------------------------------|--------|
| Revenue        |   |                                              | -      |   |                                              |   | 54,829  |                                                                              |   |   | 222,866 |   |
| Cost of Sales  |   |                                              | -      |   |                                              |   | 27,155  |                                                                              |   |   | 97,230 |   |
| Total Expenses |   |                                              | 44,102 |   |                                              |   | 185,788 |                                                                              |   |   | 11,413,482 |   |
| Net Loss       |   |                                              | 63,909 |   |                                              |   | 251,861 |                                                                              |   |   | 13,474,238 |   |

----

| Description                         | PotentialCompletion Date | EstimatedExpenses($) |
|-------------------------------------|--------------------------|----------------------|
| General and administrative expenses | 12 months                | 250,000              |
| Research and development            | 12 months                | 100,000              |
| Sales and marketing                 | 12 months                | 200,000              |
| Professional fees                   | 12 months                | 150,000              |
| Unallocated working capital         | 12 months                | 100,000              |
| Debt repayment                      | 12 months                | 900,000              |
| Total                               |                     | 1,700,000            |

----

----

Item 4.  Controls and Procedures.

----

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Unregistered Sales of Equity Securities

Item 3.  Defaults Upon Senior Securities

Item 4.  (Removed and Reserved)

Item 5.  Other Information

Item 6.  Exhibits

| Exhibit Number | Exhibit Description                                                                                                                                                                                                                        |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1           | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                        |

----

|  Date: March 22, 2011 | On4 Communications, Inc. |
|----------------------------|--------------------------|
|                       |                     |   |
|                       | By:                      | /s/ Gord Jessop |
|                       |                     | Gord Jessop  |
|                       |                     | President, Chief Operating Officer |