| Delaware                                                                | 26-0433980                                    |
|-------------------------------------------------------------------------|-----------------------------------------------|
| (State      or other Jurisdiction ofIncorporation      or Organization) | (I.R.S.      EmployerIdentification      No.) |

| 545-7 Dogok-Dong, SoftForum B/D, 7th Floor,      Gangnam-Gu, Seoul, Korea 135-270 |
|-----------------------------------------------------------------------------------|
| (Address      of Principal ExecutiveOffice)                                       |

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

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|                                                                                                                           |   | Page   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| Part      I:  Financial Information:                                                                                 |   |   |
|                                                                                                                           |   |   |
| Item      1 –Financial Statements (unaudited):                                                                           |   |   |
|                                                                                                                           |   |   |
| Condensed      Balance Sheets                                                                                                  |   | 3      |
|                                                                                                                           |   |   |
| Condensed      Statements of Operations                                                                                        |   | 4      |
|                                                                                                                           |   |   |
| Condensed      Statements of Stockholders’ Equity                                                                        |   | 5      |
|                                                                                                                           |   |   |
| Condensed      Statements of Cash Flows                                                                                        |   | 6      |
|                                                                                                                           |   |   |
| Notes      to Unaudited Condensed Financial Statements                                                                         |   | 7      |
|                                                                                                                           |   |   |
| Item      2 – Management’s Discussion and Analysis of Financial Condition      and Results of Operations |   | 21     |
|                                                                                                                           |   |   |
| Item      3 – Quantitative and Qualitative Disclosures about Market    Risk                                              |   | 22     |
|                                                                                                                           |   |   |
| Item      4 – Controls and Procedures                                                                                    |   | 23     |
|                                                                                                                           |   |   |
| Part      II.  Other Information                                                                                     |   |   |
|                                                                                                                           |   |   |
| Item      2 – Unregistered Sales of Equity Securities and Use of      Proceeds                                           |   | 24     |
|                                                                                                                           |   |   |
| Item      6 – Exhibits                                                                                                   |   | 25     |
|                                                                                                                           |   |   |
| Signatures                                                                                                                     |   | 26     |

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|                                                                                                                                                           |   | September 30, |       |   | December 31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                                                                                                                      |   | 2009               |       |   | 2008              |   |
|                                                                                                                                                           |   | (unaudited)        |       |   | (audited)         |   |
| ASSETS                                                                                                                                                         |   |               |       |   |              |   |
| Current      Assets:                                                                                                                                           |   |               |       |   |              |   |
| Cash                                                                                                                                                           |   | $                  | 82,171     |   |              | $      | 186,578 |   |
| Prepaid      expenses and other current assets                                                                                                                 |   |               | 65,838     |   |              |   | 105,233 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Total      Current Assets                                                                                                                                      |   |               | 148,009    |   |              |   | 291,811 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Other      asset, Investments held in Trust Account (Note 1)                                                                                              |   |               | 49,706,866 |   |              |   | 49,833,790 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Total      Assets                                                                                                                                              |   | $                  | 49,854,875 |   |              | $      | 50,125,601 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                                      |   |               |       |   |              |   |   |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Current      Liabilities:                                                                                                                                      |   |               |       |   |              |   |   |   |
| Income      taxes payable                                                                                                                                      |   | $                  | 14,649     |   |              | $      | 2,337 |   |
| Accounts      payable and accrued expenses                                                                                                                     |   |               | 423,418    |   |              |   | 95,664 |   |
| Total      Current Liabilities                                                                                                                                 |   |               | 438,067    |   |              |   | 98,001 |   |
| Deferred      Underwriters' Fee                                                                                                                                |   |               | 1,524,720  |   |              |   | 1,524,720 |   |
|  Total      Liabilities                                                                                                                                   |   |               | 1,962,787  |   |              |   | 1,622,721 |   |
| Commons      stock, subject to possible redemption, 2,541,199 shares at      redemption value, approximately $7.82 per common    share                         |   |               | 19,877,255 |   |              |   | 19,877,255 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Commitments                                                                                                                                                    |   |               |       |   |              |   |   |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Stockholders’      equity                                                                                                                                |   |               |       |   |              |   |   |   |
| Preferred      stock, $.0001 par value                                                                                                                         |   |               | —    |   |              |   | — |   |
| Authorized      1,000,000 shares; none issued and outstanding                                                                                                  |   |               |       |   |              |   |   |   |
| Common      stock, $.0001 par value                                                                                                                            |   |               |       |   |              |   |   |   |
| Authorized      20,000,000 shares                                                                                                                              |   |               |       |   |              |   |   |   |
| Issued      and outstanding 7,941,250 shares at September 30, 2009 and December      31, 2008, (which includes 2,541,199 subject to possible      redemptions) |   |               | 794        |   |              |   | 794 |   |
| Additional      Paid-in Capital                                                                                                                                |   |               | 28,505,877 |   |              |   | 28,505,877 |   |
| (Deficit)      earnings accumulated during the development stage                                                                                          |   |               | (491,838   | )      |              |   | 118,954 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Total      Stockholders' Equity                                                                                                                                |   |               | 28,014,833 |   |              |   | 28,625,625 |   |
|                                                                                                                                                           |   |               |       |   |              |   |   |   |
| Total      Liabilities and Stockholders' Equity                                                                                                                |   | $                  | 49,854,875 |   |              | $      | 50,125,601 |   |

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|                                                                    |   | Period      from        |      |    | Period      from        |   |       | Period      from        |   |    | Period      from        |   |   | Period      from            |       |
|-------------------------------------------------------------------------|--------|-------------------------|-----------|---------|-------------------------|--------|------------|-------------------------|--------|---------|-------------------------|--------|--------|-----------------------------|------------|
|                                                                    |   | July      1, 2009       |      |    | July      1, 2008       |   |       | January      1, 2009    |   |    | January      1, 2008    |   |   | June      26, 2007          |       |
|                                                                    |   | to                      |      |    | to                      |   |       | to                      |   |    | to                      |   |   | (date      of inception) to |       |
|                                                                    |   | September      30, 2009 |      |    | September      30, 2008 |   |       | September      30, 2009 |   |    | September      30, 2008 |   |   | September      30, 2009     |       |
| Revenue                                                                 |   | $                  |      |  $ |                    |   |       |  $                 |   |    |                    | $      |   |                        | $          |   |   |
| Formation      and operating expenses                                   |   |                    | 396,814   |    |                    |   | 60,726     |                    |   |    | 687,916                 |   |   |                        | 210,123    |   |   |   | 1,165,310 |   |
| Loss      from operations                                               |   |                    | (396,814  | )       |                    |   | (60,726    | )                       |   |    | (687,916                | )      |   |                        | (210,123   | ) |   |   | (1,165,310 | ) |
| Other      income, interest                                             |   |                    | 26,461    |    |                    |   | 199,337    |                    |   |    | 128,374                 |   |   |                        | 733,161    |   |   |   | 1,025,774 |   |
| Income      (Loss) before income tax expense                            |   |                    | (370,353  | )       |                    |   | 138,611    |                    |   |    | (559,542                | )      |   |                        | 523,038    |   |   |   | (139,536 | ) |
| Income      tax expense                                                 |   |                    | 10,987    |    |                    |   | 81,651     |                    |   |    | 51,250                  |   |   |                        | 280,021    |   |   |   | 352,302 |   |
| Net      income (loss) applicable to common stockholders                |   | $                       | (381,340  | )       |  $                 |   | 56,960     |                    |   |  $ | (610,792                | )      |   | $                           | 243,017    |   |  $ |   | (491,838 | ) |
|                                                                    |   |                    |      |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   |   |   |
| Weighted      average shares outstanding                                |   |                    | -         |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   | - |   |
| Basic                                                                   |   |                    | 7,941,250 |    |                    |   | 7,941,250  |                    |   |    | 7,941,250               |   |   |                        | 7,947,454  |   |   |   | 6,734,281 |   |
| Diluted                                                                 |   |                    | 7,941,250 |    |                    |   | 10,371,333 |                    |   |    | 7,941,250               |   |   |                        | 10,336,546 |   |   |   | 6,734,281 |   |
|                                                                    |   |                    | -         |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   | - |   |
| Net      income (loss) per share, basic                                 |   | $                       | (0.05     | )       |  $                 |   | 0.01       |                    |   |  $ | (0.08                   | )      |   | $                           | 0.03       |   |  $ |   | (0.07 | ) |
| Net      income (loss) per share, diluted                               |   | $                       | (0.05     | )       |  $                 |   | 0.01       |                    |   |  $ | (0.08                   | )      |   | $                           | 0.02       |   |  $ |   | (0.07 | ) |
|                                                                    |   |                    |      |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   |   |   |
| Weighted      average shares outstanding subject to possible redemption |   |                    | -         |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   | - |   |
| Basic                                                                   |   |                    | 2,541,199 |    |                    |   | 2,541,199  |                    |   |    | 2,541,199               |   |   |                        | 2,541,199  |   |   |   | 2,013,181 |   |
| Diluted                                                                 |   |                    | 2,541,199 |    |                    |   | 2,541,199  |                    |   |    | 2,541,199               |   |   |                        | 2,541,199  |   |   |   | 2,013,181 |   |
|                                                                    |   |                    | -         |    |                    |   |       |                    |   |    |                    |   |   |                        |       |   |   |   | - |   |
| Net      income (loss) per share, basic                                 |   | $                       | 0.00      |    |  $                 |   | 0.00       |                    |   |  $ | 0.00                    |   |   | $                           | 0.00       |   |  $ |   | 0.00 |   |
| Net      income (loss) per share, diluted                               |   | $                       | 0.00      |    |  $                 |   | 0.00       |                    |   |  $ | 0.00                    |   |   | $                           | 0.00       |   |  $ |   | 0.00 |   |

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|                                                                                                                                                         |   | Common Stock |      |   | AdditionalPaid-InCapital |   |    | (Deficit) EarningsAccumulatedDuring theDevelopmentStage |   |   | TotalStockholders’Equity |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|--------|--------------------------|--------|---------|-------------------------------------------------------------------|--------|--------|--------------------------------|--------|
|                                                                                                                                                         |   | Shares            |      |   | Amount                   |   |    |                                                              |   |   |                           |   |   |   |   |
|                                                                                                                                                         |   |              |      |   |                     |   |    |                                                              |   |   |                           |   |   |   |   |
| Sale      of 1,811,250 shares of common stock to initial stockholders on June 27,      2007 (date of inception) at approximately $0.01 per common      share |   |              | 1,811,250 |   |                     | $      | 181     |                                                              |   | $      | 24,819                         |   |   | $ | — |   |   | $ | 25,000 |   |
|                                                                                                                                                         |   |              |      |   |                     |   |    |                                                              |   |   |                           |   |   |   |   |   |   |   |   |   |
| Sale      of 6,300,000 units, net of underwriters' discount and offering expenses      (includes 2,519,999 shares subject to possible redemption)            |   |              | 6,300,000 |   |                     |   | 630     |                                                              |   |   | 46,361,757                     |   |   |   | — |   |   |   | 46,362,387 |   |
| Proceeds      subject to possible redemption of 2,519,999 shares                                                                                             |   |              | —   |   |                     |   |    |                                                              |   |   | (19,713,599                    | )      |   |   | — |   |   |   | (19,713,599 | ) |
| Proceeds      from sale of warrants to initial stockholders                                                                                                  |   |              | —   |   |                     |   | — |                                                              |   |   | 1,600,000                      |   |   |   | — |   |   |   | 1,600,000 |   |
| Proceeds      from issuance of option                                                                                                                        |   |              | —   |   |                     |   | — |                                                              |   |   | 100                            |   |   |   | — |   |   |   | 100 |   |
| Net      income for the period                                                                                                                               |   |              |      |   |                     |   | — |                                                              |   |   | —                        |   |   |   | 24,866 |   |   |   | 24,866 |   |
| Balance,      December 31, 2007                                                                                                                              |   |              | 8,111,250 |   |                     |   | 811     |                                                              |   |   | 28,273,077                     |   |   |   | 24,866 |   |   |   | 28,298,754 |   |
| Sale      of 53,000 units (includes 21,198 shares subject to possible      redemption)                                                                       |   |              | 53,000    |   |                     |   | 5       |                                                              |   |   | 396,435                        |   |   |   |   |   |   |   | 396,440 |   |
| Proceeds      subject to possible redemption of 21,198 shares                                                                                                |   |              | —   |   |                     |   | — |                                                              |   |   | (163,657                       | )      |   |   |   |   |   |   | (163,657 | ) |
| Forfeiture      of shares of common stock by initial stockholders                                                                                            |   |              | (223,000  | )      |                     |   | (22     | )                                                                 |   |   | 22                             |   |   |   |   |   |   |   | — |   |
| Net      income for the period                                                                                                                               |   |              |      |   |                     |   | — |                                                              |   |   | —                        |   |   |   | 94,088 |   |   |   | 94,088 |   |
| Balance,      December 31, 2008                                                                                                                              |   |              | 7,941,250 |   |                     |   | 794     |                                                              |   |   | 28,505,877                     |   |   |   | 118,954 |   |   |   | 28,625,625 |   |
| Net      (loss) for the period (unaudited)                                                                                                                   |   |              |      |   |                     |   | — |                                                              |   |   | —                        |   |   |   | (610,792 | ) |   |   | (610,792 | ) |
| Balance,      September 30, 2009 (unaudited)                                                                                                                 |   |              | 7,941,250 |   |                     | $      | 794     |                                                              |   | $      | 28,505,877                     |   |   | $ | (491,838 | ) |   | $ | 28,014,833 |   |

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|                                                                                                                   |   | For the period  |     |   | For the period  |   |     | For the period              |   |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|--------|---------------------------|--------|----------|---------------------------------------|--------|
|                                                                                                              |   | from                      |     |   | from                      |   |     | from                                  |   |
|                                                                                                              |   | January 1, 2009 |     |   | January 1, 2008 |   |     | June 26, 2007               |   |
|                                                                                                              |   | To      September         |     |   | To      September         |   |     | (date of inception) to |   |
|                                                                                                              |   | 30, 2009             |     |   | 30, 2008             |   |     | September 30, 2009          |   |
| Cash      Flows from Operating Activities                                                                              |   |                      |     |   |                      |   |     |                                  |   |
| Net      income (loss)                                                                                                 |   | $                         | (610,792 | )      |                      | $      | 243,017  |                                  |   | $ | (491,838 | ) |
| Adjustments      to reconcile net income (loss) to net cash provided by (used in) operating      activities            |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Change      in operating assets and liabilities:                                                                       |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
|    Prepaid      expenses and other current assets                                                       |   |                      | 39,395   |   |                      |   | 13,753   |                                  |   |   | (65,838 | ) |
|    Income      taxes payable                                                                            |   |                      | 12,312   |   |                      |   | 20,000   |                                  |   |   | 14,649 |   |
|    Accounts      payable and accrued expenses                                                           |   |                      | 327,754  |   |                      |   | (55,557  | )                                     |   |   | 423,418 |   |
| Net      cash (used in) provided by operating activities                                                               |   |                      | (231,331 | )      |                      |   | 221,213  |                                  |   |   | (119,609 | ) |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Net      cash used in Investing Activities                                                                             |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Change      in Investments held in Trust Account                                                                       |   |                      | 126,924  |   |                      |   | (388,252 | )                                     |   |   | (49,706,866 | ) |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Cash      Flows from Financing Activities                                                                              |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Borrowings      from note payable                                                                                      |   |                      | —  |   |                      |   | 424,000  |                                  |   |   | — |   |
| Gross      proceeds of common stock public offering                                                                    |   |                      | —  |   |                      |   | —  |                                  |   |   | 50,824,000 |   |
| Proceeds      from notes payable, stockholder                                                                          |   |                      | —  |   |                      |   | —  |                                  |   |   | 100,000 |   |
| Payment      of notes payable, stockholder                                                                             |   |                      | —  |   |                      |   | —  |                                  |   |   | (100,000 | ) |
| Proceeds      from the issuance of common stock to initial stockholders                                                |   |                      | —  |   |                      |   | —  |                                  |   |   | 25,000 |   |
| Proceeds      from sale of warrants to initial stockholders                                                            |   |                      | —  |   |                      |   | —  |                                  |   |   | 1,600,000 |   |
| Proceeds      from issuance of option                                                                                  |   |                      | —  |   |                      |   | —  |                                  |   |   | 100 |   |
| Payment      of costs of public offering                                                                               |   |                      | —  |   |                      |   | (14,840  | )                                     |   |   | (2,540,454 | ) |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Net      cash provided by financing activities                                                                         |   |                      | —  |   |                      |   | 409,160  |                                  |   |   | 49,908,646 |   |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Net      (decrease) increase in cash                                                                                   |   |                      | (104,407 | )      |                      |   | 242,121  |                                  |   |   | 82,171 |   |
| Cash      at the beginning of the period                                                                               |   |                      | 186,578  |   |                      |   | 107,863  |                                  |   |   | — |   |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Cash      at the end of the period                                                                                     |   | $                         | 82,171   |   |                      | $      | 349,984  |                                  |   | $ | 82,171 |   |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Supplemental      disclosure of cash flow information                                                                  |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Cash      paid during the period for:                                                                                  |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
|        Taxes                                                                        |   | $                         | 41,762   |   |                      | $      | 378,336  |                                  |   | $ | 477,722 |   |
|                                                                                                                   |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Non-cash      financing activity:                                                                                      |   |                      |     |   |                      |   |     |                                  |   |   |   |   |
| Deferred      underwriters’ fee                                                                                  |   | $                         | —  |   |                      | $      | 12,720   |                                  |   | $ | 1,524,720 |   |
| Proceeds      from public offering reclassified to mezzanine debt for common stock      subject to possible redemption |   | $                         | —  |   |                      | $      | 163,657  |                                  |   | $ | 19,877,825 |   |

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| 1.     |   | OrganizationandBusinessOperations |   | North      Shore Acquisition Corp. (the “Company”) was incorporated in Delaware on      June 26, 2007 as a blank check company whose objective is to acquire an      operating business. All      activity from June 26, 2007 (inception) through September 30, 2009 relates      to the Company’s formation and initial public offering described      below.  The Company has selected December 31 as its fiscal      year-end.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|--------|-----------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                              |   | The      registration statement for the Company’s initial public offering      (“Offering”) was declared effective November 30, 2007.  The      Company consummated the offering on December 7, 2007 and received net      proceeds of approximately $47,883,000 (Note 3).  On January 11,      2008, the Company received additional gross proceeds in the amount of      approximately $424,000 from the sale of additional units reflecting the      underwriters’ over-allotment.  The Company’s management has      broad discretion with respect to the specific application of the net      proceeds of this Offering, although substantially all of the net proceeds      of this Offering are intended to be generally applied toward consummating      a business combination with an operating business (“Business      Combination”).  Furthermore, there is no assurance that the      Company will be able to successfully effect a Business      Combination.  An amount of $49,715,284 is being held in an      interest-bearing trust account (“Trust Account”) including a portion of      the underwriting discounts and commissions payable to the underwriters in      this offering and invested only in United States “government debt      securities” within the meaning of Section 2(a)(16) of the Investment      Company Act of 1940 having a maturity of 180 days or less, or in money      market funds meeting certain conditions under Rule 2(a)(7) promulgated      under the Investment Company Act of 1940, until the earlier of (i)      the consummation of a Business Combination or (ii) liquidation of the      Company.    The placing of funds in the Trust Account      may not protect those funds from third party claims against the      Company.  To date all of the assets have been invested in the      Dreyfus Treasury Cash Management – Institutional Shares. Although the      Company will seek to have all vendors, prospective target businesses or      other entities it engages, execute agreements with the Company waiving any      right, title, interest or claim of any kind in or to any monies held in      the Trust Account, there is no guarantee that they will execute such      agreements. The Company’s officers and directors have agreed that they      will be personally liable under certain circumstances to ensure that the      proceeds in the Trust Account are not reduced by the claims of target      businesses or vendors or other entities that are owed money by the Company      for services rendered contracted for or products sold to the Company.      However, there can be no assurance that they will be able to satisfy those      obligations. The remaining net proceeds (not held in the Trust Account)      may be used to pay for business, legal and accounting due diligence on      prospective acquisitions and continuing general and administrative      expenses.  Additionally, up to an aggregate of $1,000,000 of      interest earned on the Trust Account balance may be released to the      Company to fund working capital requirements, as well as any amounts      necessary to pay the Company’s tax obligations.  At September      30, 2009, the Company had earned $1,018,577 of interest on the Trust      Account since inception, which is included in the cash held in Trust Fund      less $1,900,699 which has been used for federal and state tax payments and      working capital. |

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|   |   |   |   | The      Company, after signing a definitive agreement for the acquisition of a      target business, will submit such transaction for stockholder      approval.  In the event that stockholders owning 40% or more of      the shares sold in the Offering vote against the Business Combination and      exercise their conversion rights described below, the Business Combination      will not be consummated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |   | All      of the Company’s stockholders prior to the Offering, including all of the      officers and directors of the Company (“Initial Stockholders”), have      agreed to vote their 1,588,250 founding shares of common stock (“Founders’      Shares”) in accordance with the vote of the majority in interest of      all other stockholders of the Company (“Public Stockholders”) with respect      to any Business Combination.  After consummation of a Business      Combination, these voting safeguards will no longer be      applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   |   |   | With      respect to a Business Combination which is approved and consummated, any      Public Stockholder who voted against the Business Combination may demand      that the Company convert his shares.  The per share conversion      price will equal the amount in the Trust Account, calculated as of two      business days prior to the consummation of the proposed Business      Combination, divided by the number of shares of common stock held by      Public Stockholders at the consummation of the      Offering.  Accordingly, Public Stockholders holding 39.99% of      the aggregate number of shares owned by all Public Stockholders may seek      conversion of their shares in the event of a Business      Combination.  Such Public Stockholders are entitled to receive      their per share interest in the Trust Account computed without regard to      the shares held by Initial Stockholders.  Accordingly, a portion      of the net proceeds from the offering (39.99% of the amount held in the      Trust Account) has been classified as common stock subject to possible      conversion in the accompanying September 30, 2009 and December 31, 2008      balance sheets. |

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|   |   |   |   | The      Company’s Amended and Restated Certificate of Incorporation provides for      mandatory liquidation of the Company in the event that the Company does      not consummate a Business Combination by November 30,      2009.  However, in November 2009, the Company’s Board of      Directors approved amendments to the Company’s Certificate of      Incorporation (collectively, the “Extension Amendments”).  The      Extension Amendments, which will require the affirmative vote of a      majority of the Company’s outstanding common stock as of the close of      business on November 9, 2009 (the “record date”) would (i) extend the date      by which the company must complete a Business Combination from November      30, 2009 to January 31, 2010, to avoid being required to liquidate; and      (ii) allow public holders of less than 40% of  the Company’s      outstanding common stock issued in the Offering who vote against the      Extension Amendments and elect conversion to convert their respective      shares into a portion of the funds available in the Trust      Account.  The Company has filed a definitive proxy statement      with the SEC to solicit the approval of the Company’s stockholders of the      Extension Amendments at a special meeting of stockholders (the “Special      Meeting”), which is to be held on November 30, 2009. If the Extension      Amendments are approved by the Company’s stockholders, the trust agreement      that the Company entered into in connection with the Public Offering will      be amended to extend the date by which the Trust Account must be      liquidated from November 30, 2009 to January 31, 2010. However, the      Company cannot assure you that the Extension Amendments will be approved      or that, if approved, that the Company will complete a Business      Combination before January 31, 2010.  All of the Company's      directors and officers have agreed to vote any common stock owned by them      in favor of the Extension Amendments. If      the Company has not completed a Business Combination by November 30, 2009      (or January 31, 2010, if the Extension Amendments are approved by the      Company’s stockholders), its corporate existence will cease and it will      dissolve and liquidate for the purposes of winding up its affairs. In the      event of liquidation, it is possible that the per share value of the      residual assets remaining available for distribution (including Trust      Account assets) will be less than the initial public offering price per      share in the Offering due to costs related to the Offering and since no      value would be attributed to the Warrants contained in the Units sold      (Note 3). The      accompanying unaudited condensed interim financial statements of the      Company as of September 30, 2009 and December 31, 2008 and for the three      month periods ended September 30, 2009 and 2008, nine months ended      September 30, 2009 and 2008, and for the period from inception (June 26,      2007) to September 30, 2009, reflect all adjustments of a normal and      recurring nature to present fairly the financial position, results of      operations and cash flows for the interim period.  These      unaudited condensed consolidated interim financial statements have been      prepared by the Company pursuant to the instructions to Form 10-Q and      Article 8 of Regulation S-X.  Pursuant to such      instructions, certain financial information and footnote disclosures      normally included in such financial statements have been condensed or      omitted. These      unaudited condensed financial statements should be read in conjunction      with the audited financial statements of the Company and notes thereto,      together with management’s discussion and analysis or plan of operations,      contained in the Company’s annual report on Form 10-K for the year ended      December 31, 2008.  The results of operations for the three      month period ended September 30, 2009 are not necessarily indicative of      the results that may occur for the year ended December 31,      2009. In      the event that the Company does not consummate a Business Combination by      November 30, 2009 (or January 31, 2010, if the Extension Amendments are      approved by the Company’s stockholders), the proceeds held in the Trust      Account will be distributed to the Company’s stockholders, excluding the      Founders to the extent of their initial stock holdings.  The      mandatory liquidation raises substantial doubt about the Company’s ability      to continue as a going concern. |
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| 2. |   | Summary      of SignificantAccounting      Policies |   |  Basis      of Presentation The      financial statements of the Company are presented in U.S. dollars in      conformity with accounting principles generally accepted in the United      States of America (U.S. GAAP) and pursuant to the accounting and      disclosure rules and regulations for interim financial statements of the      SEC. |
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|   |   |   |   | Cash      and Cash Equivalents The      Company considers money market funds to be cash equivalents. Development      Stage Company The      Company complies with the reporting requirements of FASB ASC 915,      “Development Stage Entities.”  Concentration      of Credit Risk Financial      instruments that potentially subject the Company to a significant      concentration of credit risk consist primarily of cash. The Company may      maintain deposits in federally insured financial institutions in excess of      federally insured limits. However, management believes the Company is not      exposed to significant credit risk due to the financial position of the      depository institutions in which those deposits are held. Fair      Value of Financial Instruments The      fair value of the Company’s assets and liabilities, which qualify as      financial instruments under FASB ASC 820, “Fair Value Measurements and      Disclosures” approximates the carrying amounts represented in the balance      sheet.  Basic      and Diluted Earnings per Share Earnings      per common share is based on the weighted average number of common shares      outstanding.  The Company complies with accounting and      disclosure requirements of FASB ASC 260, “Earnings Per Share” which      requires dual presentation of basic and diluted earnings per share on the      face of the statement of operations.  Basic income per share      excludes dilution and is computed by dividing income available to common      stockholders by the weighted-average common shares outstanding for the      period.  Diluted income per share reflects the potential      dilution that could occur if warrants were to be exercised or otherwise      resulted in the issuance of common stock that then shared in the earnings      of the entity. 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 at the date of the financial statements and the reported      amounts of expenses during the reporting period. Actual results could      differ from those estimates. |
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|   |   |   |   | Income      Taxes The      Company complies with FASB ASC 740-10-25, which provides criteria for the      recognition, measurement, presentation and disclosure of uncertain tax      position. A tax benefit from an uncertain position may be recognized only      if it is "more likely than not" that the position is sustainable based on      its technical merits. The      Company complies with FASB ASC 740, “Income Taxes,” which requires an      asset and liability approach to financial accounting and reporting for      income taxes.  Deferred income taxes are provided for the      differences between the bases of assets and liabilities for financial      reporting and income tax purposes. A valuation allowance is established      when necessary to reduce deferred tax assets to the amount expected to be      realized. The      Company has decided to fully reserve for its deferred tax asset, as it      is more likely than not that the Company will not be able utilize      these deferred tax assets against futureincome. |
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|   |   |   |   | New      Accounting Pronouncements In      June 2009, the Financial Accounting Standards Board (“FASB”) issued its      final Statement of Financial Accounting Standards (“SFAS”) No. 168, “The      FASB Accounting Standards Codification and the Hierarchy of Generally      Accepted Accounting Principles—a replacement of FASB Statement No. 162”      (“SFAS No. 168”). SFAS No. 168 established the FASB Accounting Standards      Codification (“ASC”) as the single source of authoritative GAAP to be      applied by nongovernmental entities in the preparation of financial      statements. Rules and interpretive releases of the Securities and Exchange      Commission (“SEC”) under authority of federal securities laws are also      sources of authoritative GAAP for SEC registrants. All guidance in the ASC      carries an equal level of authority. The ASC supersedes all previously      existing non-SEC accounting and reporting standards. The ASC simplifies      user access to all authoritative GAAP by reorganizing previously issued      GAAP pronouncements into approximately 90 accounting topics within a      consistent structure, without creating new accounting and reporting      guidance. The ASC became effective for financial statements issued for      interim and annual periods ending after September 15, 2009; accordingly,      the Company adopted the ASC in the third quarter of fiscal 2009. Following      SFAS No. 168, the FASB will not issue new standards in the form of      Statements, FASB Staff Positions, or Emerging Issues Task Force Abstracts;      instead, it will issue Accounting Standards Updates. The FASB will not      consider Accounting Standards Updates as authoritative in their own right;      these updates will serve only to update the ASC, provide background      information about the guidance, and provide the bases for conclusions on      the change(s) in the ASC. In the discussion that follows, the Company will      refer to ASC citations that relate to ASC Topics and their descriptive      titles, as appropriate, and will no longer refer to citations that relate      to accounting pronouncements superseded by the ASC. In      April 2009, the FASB issued three related staff positions to clarify the      application of FASB ASC 820 to fair value measurements in the current      economic environment, modify the recognition of other-than-temporary      impairments of debt securities, and require companies to disclose the fair      value of financial instruments in interim periods. The final staff      positions are effective for interim and annual periods ending after June      15, 2009. ·           FASB ASC 820 (transitional      820-10-65-4)—which provides guidance on how to determine the fair value of      assets and liabilities under FASB ASC 820 in the current economic      environment and reemphasizes that the objective of a fair value      measurement remains the price that would be received to sell an asset or      paid to transfer a liability at the measurement      date. ·           FASB ASC 320— which modifies the      requirements for recognizing other-than-temporarily impaired debt      securities and significantly changes the existing impairment model for      such securities. It also modifies the presentation of other-than-temporary      impairment losses and increases the frequency of and expands already      required disclosures about other-than-temporary impairment for debt and      equity securities. ·           FASB ASC 820-10-50—which requires      disclosures of the fair value of financial instruments within the scope of      FASB ASC 820 in interim financial statements, adding to the current      requirement to make those disclosures in annual financial statements. The      staff position also requires that companies disclose the method or methods      and significant assumptions used to estimate the fair value of financial      instruments and a discussion of changes, if any, in the method or methods      and significant assumptions during the      period. We      do not believe that the adoption of these new staff positions had a      material impact on our financial position and results of      operations. |
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|   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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|        |   |   |   | In      June 2009, the FASB issued ASC 860, which eliminates the concept of a      qualifying special-purpose entity, creates more stringent conditions for      reporting a transfer of a portion of a financial asset as a sale,      clarifies other sale-accounting criteria, and changes the initial      measurement of a transferor’s interest in transferred financial assets.      FASB ASC 860 will be effective for transfers of financial assets in fiscal      years beginning after November 15, 2009 and in interim periods within      those fiscal years with earlier adoption prohibited. We will adopt FASB      ASC 860 on October 1,2010. |

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|   |   |   |   | The      Company does not believe that any other recently issued, but not yet      effective, accounting pronouncements if currently adopted would have a      material effect on the accompanying condensed financial      statements. Redeemable      Common Stock The      Company accounts for redeemable common stock in accordance with FASB ASC      480-10.  Securities that are redeemable for cash or other assets      are classified outside of permanent equity if they are redeemable at the      option of the holder. In addition, if the redemption causes a redemption      event, the redeemable securities should not be classified outside of      permanent equity. As discussed in Note 1, the Business Combination will      only be consummated if a majority of the shares of common stock voted by      the Public Stockholders are voted in favor of the Business Combination and      Public Stockholders holding less than 40% (2,541,199) of common shares      sold in the Offering exercise their conversion rights. As further      discussed in Note 1, if a Business Combination is not consummated within      24 months, the Company will liquidate. Accordingly, 2,541,199 shares have      been classified outside of permanent equity at redemption value. The      Company recognized changes in the redemption value immediately as they      occur and adjusts the carrying value of the redeemable common stock to      equal its redemption value at the end of each reporting period. The per      share redemption price was approximately $7.82 at September 30,      2009. |
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|   |   |                               |   | Reclassification Certain      2008 amounts were reclassified to conform to the 2009      presentation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
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| 3.     |   | Initial      Public Offering  |   | On      December 7, 2007, the Company sold 6,300,000 units (“Units”) in the      Offering, and on January 11, 2008 the Company sold an additional 53,000      units.  Each Unit consists of one share of the Company’s common      stock, $.0001 par value, and one Redeemable Common Stock Purchase      Warrant(s) (“Warrants”).  Each Warrant entitles the holder to      purchase from the Company one share of common stock at an exercise price      of $5.00 commencing the later of six months after the completion of a      Business Combination or November      30, 2008 and expiring November 29, 2012.       The Warrants will be redeemable, at the Company’s option, with the prior      consent of EarlyBirdCapital, Inc., the representative of the underwriters      in the Offering (“Underwriters”), at a price of $.01 per Warrant upon 30      days notice after the Warrants become exercisable, only in the event that      the last sale price of the common stock is at least $11.50 per share for      any 20 trading days within a 30 trading day period ending on the third day      prior to the date on which notice of redemption is given.  If      the Company redeems the Warrants as described above, management will have      the option to require any holder that wishes to exercise his Warrant to do      so on a “cashless basis.” In such event, the holder would pay the exercise      price by surrendering his Warrants for that number of shares of Common      Stock equal to the quotient obtained by dividing (x) the product of the      number of shares of Common Stock underlying the Warrants, multiplied by      the difference between the exercise price of the Warrants and the “fair      market value” (defined below) by (y) the fair market value. The “fair      market value” shall mean the average reported last sale price of the      Common Stock for the 10 trading days ending on the third trading day prior      to the date on which the notice of redemption is sent to holders of      Warrants. In accordance with the warrant agreement relating to the      Warrants to be sold and issued in the Proposed Offering, the Company is      only required to use its best efforts to maintain the effectiveness of the      registration statement covering the Warrants. The Company will not be      obligated to deliver securities, and there are no contractual penalties      for failure to deliver securities, if a registration statement is not      effective at the time of exercise. Additionally, in the event that a      registration is not effective at the time of exercise, the holder of such      Warrant shall not be entitled to exercise such Warrant and in no event      (whether in the case of a registration statement not being effective or      otherwise) will the Company be required to net cash settle the warrant      exercise. Consequently, the Warrants may expire unexercised and      unredeemed. |

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|   |   |   |   | The      Company agreed to pay the Underwriter in the Offering an underwriting      discount of 6.5% of the gross proceeds of the Offering and a      non-accountable expense allowance of 0.5% of the gross proceeds of the      Offering.  However, the Underwriter has agreed that 3.0% of the      underwriting discount will not be payable unless and until the Company      completes a Business Combination and has waived their right to receive      such payment upon the Company's liquidation if it is unable to complete a      Business Combination.  In connection with this Offering, the      Company also issued an option (“Option”), for $100, to the Underwriter to      purchase 420,000 Units at an exercise price of $8.80 per      Unit.  The Units issuable upon exercise of the Option are      identical to the Units sold in the Offering.  The Company      intends to account for the fair value of the Option, inclusive of the      receipt of the $100 cash payment, as an expense of the Offering resulting      in a charge directly to stockholders’ equity.   The Company      estimates that the fair value of the Option is approximately $823,200      ($1.96 per Unit) using a Black-Scholes option-pricing      model.  The fair value of the Option granted to the Underwriter      is estimated as of the date of grant using the following assumptions: (1)      expected volatility of 20.43%, (2) risk-free interest rate of 4.82% and      (3) expected life of 5 years.  The Option may be exercised for      cash or on a "cashless" basis, at the holder's option, such that the      holder may use the appreciated value of the Option (the difference between      the exercise prices of the Option and the underlying Warrants and the      market price of the Units and underlying securities) to exercise the      option without the payment of any cash.  The Company will have      no obligation to net cash settle the exercise of the unit purchase option      or the Warrants underlying the unit purchase option. The holder of the      unit purchase option will not be entitled to exercise the unit purchase      option or the Warrants underlying the unit purchase option unless a      registration statement covering the securities underlying the unit      purchase option is effective or an exemption from registration is      available. If the holder is unable to exercise the Option or underlying      Warrants, the Option or Warrants, as applicable, will expire      worthless. |
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| 4. |   | Fair      Value Measurements |   | Effective      January 1, 2008, the Company adopted FASB ASC 820 for its financial assets      and liabilities that are re-measured and reported at fair value at each      reporting period, and non-financial assets and liabilities that are      re-measured and reported at fair value at least annually. The      adoption of FASB ASC 820 to the Company’s financial assets and liabilities      and non-financial assets and liabilities that are re-measured and reported      at fair value at least annually did not have an impact on the Company’s      financial results. The      following table presents information about the Company’s assets and      liabilities that are measured at fair value on a recurring basis as of      September 30, 2009, and indicates the fair value hierarchy of the      valuation techniques the Company utilized to determine such fair value. In      general, fair values determined by Level 1 inputs utilize quoted prices      (unadjusted) in active markets for identical assets or liabilities. Fair      values determined by Level 2 inputs utilize data points that are      observable such as quoted prices in markets that are not active, interest      rates and yield curves. Fair values determined by Level 3 inputs are      unobservable data points for the asset or liability, and includes      situations where there is little, if any, market activity for the asset or      liability: Financial      Assets at Fair Value as of September 30,2009 |
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|                                                 | September      30, |   | Quoted PricesinActive      Markets |   | SignificantOtherObservable Inputs |   | SignificantUnobservableInputs |   |
|------------------------------------------------------|--------------------|--------|-----------------------------------------|--------|----------------------------------------|--------|-------------------------------|--------|
| Description                                          | 2009               |   | (Level      1)                          |   | (Level 2)                         |   | (Level 3)                |   |
| Assets:                                              |               |   |                                    |   |                                   |   |                          |   |   |   |   |   |
| Cash      and cash equivalents held in Trust Account |               | $      | 49,706,866                              |   |                                   | $      | 49,706,866                    |   |   | $ | — |   |   | $ | — |   |
|                                                 |               |   |                                    |   |                                   |   |                          |   |   |   |   |   |   |   |   |   |
| Total                                                |               | $      | 49,706,866                              |   |                                   | $      | 49,706,866                    |   |   | $ | — |   |   | $ | — |   |

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|                                                 | December      31, |   | Quoted PricesinActive      Markets |   | SignificantOtherObservable Inputs |   | SignificantUnobservableInputs |   |
|------------------------------------------------------|-------------------|--------|-----------------------------------------|--------|----------------------------------------|--------|-------------------------------|--------|
| Description                                     | 2008              |   | (Level      1)                          |   | (Level 2)                         |   | (Level 3)                |   |
|                                                 |              |   |                                    |   |                                   |   |                          |   |
| Assets:                                              |              |   |                                    |   |                                   |   |                          |   |   |   |   |   |
|                                                 |              |   |                                    |   |                                   |   |                          |   |   |   |   |   |
| Cash      and cash equivalents held in Trust Account |              | $      | 49,833,790                              |   |                                   | $      | 49,833,790                    |   |   | $ | — |   |   | $ | — |   |
|                                                 |              |   |                                    |   |                                   |   |                          |   |   |   |   |   |   |   |   |   |
| Total                                                |              | $      | 49,833,790                              |   |                                   | $      | 49,833,790                    |   |   | $ | — |   |   | $ | — |   |

|   |   |        |   | The      fair values of the Company’s cash and cash equivalents held in the Trust      Account are determined through market, observable and corroborated      sources. The      carrying amounts reflected in the consolidated balance sheets for other      current assets and accrued expenses approximate fair value due to their      short-term maturities.                                                                                                                                                                                                                               |
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| 5.     |   | Commitments |   | From      the date of the Offering until August 17, 2009, the Company incurred a      monthly fee of $8,000 for general and administrative services from      American Fund Advisors, an affiliate of Barry J. Gordon, Marc H. Klee and      Alan J. Loewenstein. The Company terminated this agreement and stopped      paying this monthly fee beginning August 17, 2009. Pursuant      to letter agreements with the Company and the Underwriter, the Initial      Stockholders have waived their right to receive distributions with respect      to their founding shares upon the Company's  liquidation. |

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|   |   |   |   | All      of the Initial Stockholders purchased 1,600,000 Warrants (“Insider      Warrants”) at $1.00 per Warrant (for an aggregate purchase price of      $1,600,000) privately from the Company upon consummation of the Offering.      All of the proceeds received from these purchases were placed in the Trust      Account. The Insider Warrants are identical to the Warrants underlying the      Units being offered in the Proposed Offering except that if the Company      calls the Warrants for redemption, the Insider Warrants may be exercisable      on a “cashless basis,” at the holder’s option (except in the case of a      forced cashless exercise upon the Company’s redemption of the Warrants, as      described above), so long as such securities are held by such purchasers      or their affiliates. Furthermore, the purchasers have agreed that the      Insider Warrants will not be sold or transferred by them until after the      Company has completed a Business Combination. The      Initial Stockholders and holders of the Insider Warrants (or underlying      securities) are entitled to registration rights with respect to their      founding shares or Insider Warrants (or underlying securities), as the      case may be, pursuant to an agreement dated November 30, 2007. The holders      of the majority of the founding shares are entitled to demand that the      Company register these shares at any time commencing three months prior to      the first anniversary of the consummation of a Business Combination. The      holders of the Insider Warrants (or underlying securities) are entitled to      demand that the Company register such securities at any time after the      Company consummates a Business Combination. In addition, the Initial      Stockholders and holders of the Insider Warrants (or underlying      securities) have certain “piggy-back” registration rights on registration      statements filed after the Company’s consummation of a Business      Combination. |
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| 6. |   | Basic      and Diluted Earnings Per Share |   | The      following is a reconciliation of the denominator of the basic and diluted      earnings per share for the period from July 1, 2008 to September 30, 2008      and the period from January 1, 2008 to September 30,  2008. |
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|                                                            |   | July 1, 2008 to September 30, 2008 |       |   | January 1, 2008 to September 30, 2008 |   |
|-----------------------------------------------------------------|--------|------------------------------------------------------------------|------------|--------|---------------------------------------------------------------------|--------|
| Weighted      average number of common shares outstanding:      |   |                                                             | 7,941,250  |   |                                                                |   | 7,947,454 |   |
| Dilutive      potential common shares outstanding from warrants |   |                                                             | 2,430,083  |   |                                                                |   | 2,389,092 |   |
|                                                            |   |                                                             |       |   |                                                                |   |   |   |
| Diluted      weighted average shares                            |   |                                                             | 10,371,333 |   |                                                                |   | 10,336,546 |   |

|   |   |                 |   | Warrants      to purchase 7,953,000 shares of common stock for the three and nine months      ended September 30, 2009 as well as the period from June 26, 2007 (date of      inception) through September 30, 2009 were excluded from the calculation      of diluted earnings per share because they would have been      anti-dilutive.                                                                                                                                                             |
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| 7.     |   | Preferred      Stock |   | The      Company is authorized to issue 1,000,000 shares of preferred stock with      such designations, voting and other rights and preferences as may be      determined from time to time by the Board of Directors. The      agreement with the Underwriter prohibits the Company, prior to a Business      Combination, from issuing preferred stock which participates in the      proceeds of the Trust Account or which votes as a class with the Common      Stock on a Business Combination. |

| 8.  |   | Common      Stock                                                    |   | At      September 30, 2009, 8,373,000 shares of common stock were reserved for      issuance upon exercise of the Warrants and the Option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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| 9.  |   | Investment      Agreement with Initial Stockholders                  |   | On      August 17, 2009, the Company entered into an agreement (“Investment      Agreement”) with the Initial Stockholders and Mr. Sang-Chul Kim. In      connection with the transactions contemplated by the Investment Agreement,      Mr. Kim became Chairman of the Company, a position that he continues to      hold. Pursuant to the Investment Agreement, among other things, the      Initial Stockholders have the option to sell to Mr. Kim, and Mr. Kim has      the option to purchase from the Initial Stockholders, warrants to purchase      the 1,600,000 Insider Warrants upon the earliest of (i) the Company’s      consummation of a Business Combination, (ii) the liquidation of the      Company’s Trust Account and (iii) December 31, 2009. The purchase price      for the Insider Warrants is $1,000,000. The Initial Stockholders      originally paid $1,600,000 for the Insider Warrants, which they acquired      concurrently with the closing of the Offering. Mr. Kim will exercise the      option concurrently with the closing of the acquisition. Mr. Kim has      agreed to transfer 35% of such Insider Warrants to Broadband Capital      Management LLC (“Broadband”) as part of its fees for financial advisory      services. Pursuant      to the Investment Agreement and as part of the same transaction, the      Initial Stockholders also agreed to transfer an aggregate of 1,488,250 of      the Founders’ Shares to Mr. Kim, for no additional consideration, upon      consummation of a Business Combination. The Initial Stockholders will      continue to hold an aggregate of 100,000 shares of the Company’s common      stock following the transfer. If transferred, such shares will remain in      escrow until one year after consummation of such Business Combination in      accordance with the terms of the escrow agreement that was entered into by      the Initial Stockholders in connection with the Company’s      Offering. As      a result of above transactions, there are no accounting      implications.  The acquisition will be accounted for as a      “reverse merger” and recapitalization since the stockholders of SDI will      own the largest portion of the voting rights in the combined entity, the      stockholders of SDI will have significant influence and the ability to      elect or appoint or to remove a majority of the members of the governing      body of the combined entity, and SDI’s senior management will dominate the      management of the combined entity immediately following the completion of      the transaction in accordance with the provisions of FASB ASC 805.      Accordingly, SDI will be deemed to be the accounting acquirer in the      transaction and, consequently, the transaction is treated as a      recapitalization of SDI. Accordingly, the assets and liabilities and the      historical operations that are reflected in the financial statements are      those of SDI and are recorded at the historical cost basis of SDI. The      Company’s assets, liabilities and results of operations will be      consolidated with the assets, liabilities and results of operations of SDI      after consummation of the acquisition.  |
| 10. |   | Proposed      Business Combination with Sungdong Industries Co. Ltd. |   | On      September 8, 2009, the Company entered into a Securities Purchase and      Share Exchange Agreement (the “Purchase Agreement”) by and among the      Company, Sungdong Industries Co., Ltd. (“SDI”), Hwi Young Jung (“HY      Jung”), a principal stockholder of SDI, and Hong Jun Jung (“HJ Jung”),      which, among other things, provides for the acquisition of up to 52.26%,      but not less than 50.96%, of the voting capital stock of SDI in exchange      for cash consideration to SDI and 7,341,102 shares of the common stock of      the Company to HY Jung.  The Company’s proposed business      combination with SDI qualifies as a “business combination” under the      Company’s amended and restated certificate of incorporation. Provided      that the Extension Amendments are approved by the Company’s stockholders,      the acquisition is expected to be consummated either during the end of the      fourth quarter or the beginning of the first quarter of 2010, after the      required approval by the Company’s stockholders and the fulfillment of      certain other conditions, as discussed in the Purchase      Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 11. |   | Subsequent      Event                                                |   | In      November, 2009, the Company’s Board of Directors approved the Extension      Amendments described above in Note 1.  If the Extension      Amendments are approved by the Company’s stockholders at the Special      Meeting to be held on November 30, 2009, the trust agreement that the      Company entered into in connection with the Public Offering will be      amended to extend the date by which the Trust Account must be liquidated      from November 30, 2009 to January 31, 2010. However, the Company cannot      assure you that the Extension Amendments will be approved or that, if      approved, the Company will complete a Business Combination by January 31,      2010. If      the Extension Amendments are approved by the Company’s stockholders and      the Company has not completed a Business Combination by January 31, 2010,      its corporate existence will cease and it will dissolve and liquidate for      the purposes of winding up its affairs. In the event of liquidation, it is      likely that the per share value of the residual assets remaining available      for distribution (including Trust Fund assets) will be less than the      offering price per share in the Offering (assuming no value is attributed      to the Warrants contained in the Units sold in the Offering as discussed      in Note 3). The      Company evaluated subsequent events from October 1, 2009 to November 20,      2009, the date the Company issued its unaudited condensed financial      statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| ITEM 2. | MANAGEMENT'S DISCUSSION AND      ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATION |
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| ITEM 3. | QUANTITATIVE AND QUALITATIVE      DISCLOSURES ABOUT MARKETRISK. |
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| ITEM 4T. | CONTROLS AND      PROCEDURES. |
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|                                     | NORTH      SHORE ACQUISITION CORP.               |
|------------------------------------------|--------------------------------------------------|
|                                     |                                             |
| Dated:  November      20, 2009 |                                             |
|                                     | /s/      Byong-Yub Ahn                           |
|                                     | Chief      Executive Officer                     |
|                                     | (Principal      Executive Officer)               |
|                                     |                                             |
|                                     | /s/      Yo-Shin Song                            |
|                                     | Chief      Financial Officer                     |
|                                     | (Principal      Financial and AccountingOfficer) |

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