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| Nevada                          | 76-0766174          |
|---------------------------------|---------------------|
| (State or other jurisdiction of | (I.R.S. Employer    |
| Incorporation or organization)  | Identification No.) |

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

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|                           |                                                                                                                                         | Page    |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                           |                                                                                                                                         |    |
| Part I - Financial Information |
|                           |                                                                                                                                         |    |
| Item 1.                        | Financial Statements                                                                                                                         | 3       |
|                           |                                                                                                                                         |    |
|                           | Balance Sheets as of March 31, 2010 (Unaudited) and December 31, 2009                                                                   |  3 |
|                           |                                                                                                                                         |    |
|                           | Statements of Operations (Unaudited) for the Three Months Ended March 31, 2010 and 2009 and from July 26, 1994 (Inception) to March 31, 2010 |  4 |
|                           |                                                                                                                                         |    |
|                           | Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2010 and 2009 and from July 26, 1994 (Inception) to March 31, 2010 |  5 |
|                           |                                                                                                                                         |    |
|                           | Notes to Financial Statements                                                                                                                |  6 |
|                           |                                                                                                                                         |    |
| Item 2.                        | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                        | 7       |
|                           |                                                                                                                                         |    |
| Item 3.                        | Quantitative and Qualitative Disclosures About Market Risk                                                                                   | 8       |
|                           |                                                                                                                                         |    |
| Item 4T.                       | Controls and Procedures                                                                                                                      | 8       |
|                           |                                                                                                                                         |    |
| Part II - Other Information    |
|                           |                                                                                                                                         |    |
| Item 1.                        | Legal Proceedings                                                                                                                            | 9       |
|                           |                                                                                                                                         |    |
| Item 1A.                       | Risk Factors                                                                                                                            | 9       |
|                           |                                                                                                                                         |    |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                  | 9       |
|                           |                                                                                                                                         |    |
| Item 3.                        | Defaults Upon Senior Securities                                                                                                              | 9       |
|                           |                                                                                                                                         |    |
| Item 4.                        | Submission of Matters to a Vote of Security Holders                                                                                          | 9       |
|                           |                                                                                                                                         |    |
| Item 5.                        | Other Information                                                                                                                            | 9       |
|                           |                                                                                                                                         |    |
| Item 6.                        | Exhibits                                                                                                                                     | 9       |
|                           |                                                                                                                                         |    |
| Signatures                     |                                                                                                                                         | 10      |

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|                                                            |   | March 31, |       |   | December 31,           |   |
|-----------------------------------------------------------------|--------|-----------|------------|--------|------------------------|--------|
|                                                            |   | 2010      |       |   | 2009                   |   |
|                                                            |   |      |       |   | Audited & Restated |   |
| ASSETS                                                          |   |
|                                                            |   |      |       |   |                   |   |
| Current Assets:                                                 |   |      |       |   |                   |   |
| Cash and Cash Equivalents                                       |   | $         | 760        |   |                   | $      | 1,915 |   |
| Accounts Receivable                                             |   |      | -          |   |                   |   | - |   |
| Inventory                                                       |   |      | -          |   |                   |   | - |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Current Assets                                            |   |      | 760        |   |                   |   | 1,915 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Fixed Assets:                                                   |   |      |       |   |                   |   |   |   |
| Furniture and Equipment, net                                    |   |      | 3,441      |   |                   |   | 3,941 |   |
| Other Assets:                                                   |   |      |       |   |                   |   |   |   |
| Pre-Paid Expenses                                               |   |      | 5,000      |   |                   |   |   |   |
| Deposits                                                        |   |      | 1,135      |   |                   |   | 1,135 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Assets                                                    |   | $         | 10,336     |   |                   | $      | 6,991 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                            |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Current Liabilities                                             |   |      |       |   |                   |   |   |   |
| Accounts Payable                                                |   | $         | 249,743    |   |                   | $      | 193,229 |   |
| Accrued Payroll-Directors                                       |   |      | -          |   |                   |   | - |   |
| Notes Payable                                                   |   |      | 36,100     |   |                   |   | 23,650 |   |
| Related Party Payables                                          |   |      | 70,000     |   |                   |   | 70,000 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Current Liabilities                                       |   |      | 355,843    |   |                   |   | 286,879 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Liabilities                                               |   |      | 355,843    |   |                   |   | 286,879 |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Stockholders' Equity/(Deficit)                                  |   |      |       |   |                   |   |   |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Preferred Stock, authorized 2,000,000                           |   |      |       |   |                   |   |   |   |
| shares, par value $0.001, issued and                            |   |      |       |   |                   |   |   |   |
| outstanding 1,250,000 shares                                    |   |      | 1,250      |   |                   |   | 1,250 |   |
|                                                            |   |      |       |   |                   |   |   |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Common Stock, authorized 20,000,000                             |   |      |       |   |                   |   |   |   |
| shares, par value $0.00125, issued and                          |   |      |       |   |                   |   |   |   |
| oustanding 16,778,633 shares                                    |   |      | 20,972     |   |                   |   | 20,972 |   |
|                                                            |   |      |       |   |                   |   |   |   |
|                                                            |   |      |       |   |                   |   |   |   |
| Additional Paid-in Capital                                      |   |      | 2,990,415  |   |                   |   | 2,990,415 |   |
| Subscriptions (Receivable)                                      |   |      | (76,226    | )      |                   |   | (76,226 | ) |
| Accumulated Deficit during Development Stage                    |   |      | (3,281,918 | )      |                   |   | (3,216,299 | ) |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Stockholders' Equity/(Deficit)                            |   |      | (345,507   | )      |                   |   | (279,888 | ) |
|                                                            |   |      |       |   |                   |   |   |   |
| Total Liabilities and Stockholders' Equity                      |   | $         | 10,336     |   |                   | $      | 6,991 |   |
|                                                            |   |      |       |   |                   |   |   |   |
|                                                            |   |      |       |   |                   |   |   |   |
| The accompanying notes are an integral part of these statements |   |      |       |   |                   |

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|                                                            |   |      |       |   |      |   |      | July 26, 1994 |   |
|-----------------------------------------------------------------|--------|-----------|------------|--------|-----------|--------|-----------|---------------|--------|
|                                                            |   | March 31, |       |   | March 31, |   |      | (Inception)   |   |
|                                                            |   |      |       |   |      |   |      | to Mar. 31,   |   |
|                                                            |   | 2010      |       |   | 2009      |   |      | 2010          |   |
|                                                            |   |      |       |   |      |   |      |          |   |
|                                                            |   |      |       |   |      |   |      |          |   |
| Revenue                                                         |   | $         | -          |   |      | $      | -         |          |   | $ | 21,759 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Total Revenue                                                   |   |      | -          |   |      |   | -         |          |   |   | 21,759 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Cost of Goods Sold                                              |   |      | -          |   |      |   | -         |          |   |   | 5,320 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Gross Profit                                                    |   |      | -          |   |      |   | -         |          |   |   | 16,439 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Operating Expenses                                              |   |      |       |   |      |   |      |          |   |   |   |   |
| Salaries and Wages                                              |   |      | 57,500     |   |      |   | 57,500    |          |   |   | 1,059,698 |   |
| General and Administrative                                      |   |      | 7,228      |   |      |   | 9,223     |          |   |   | 906,296 |   |
| Professional and Consulting                                     |   |      | 891        |   |      |   | 7,088     |          |   |   | 528,764 |   |
| Product Development                                             |   |      |       |   |      |   |      |          |   |   | 84,851 |   |
| Marketing                                                       |   |      |       |   |      |   |      |          |   |   | 289,551 |   |
| Investor Relations                                              |   |      | -          |   |      |   | -         |          |   |   | 465,672 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Total Expenses                                                  |   |      | 65,619     |   |      |   | 73,811    |          |   |   | 3,334,832 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| (Loss) from Operations                                          |   |      | (65,619    | )      |      |   | (73,811   | )             |   |   | (3,318,393 | ) |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Other Income/(Expense)                                          |   |      |       |   |      |   |      |          |   |   |   |   |
| Other Income                                                    |   |      | -          |   |      |   | -         |          |   |   | 4,519 |   |
| Interest Income                                                 |   |      | -          |   |      |   | -         |          |   |   | 45,173 |   |
| Interest Expense                                                |   |      |       |   |      |   |      |          |   |   | (13,217 | ) |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Total Other Income/(Expense)                                    |   |      | -          |   |      |   | -         |          |   |   | 36,475 |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Net Income/(Loss) Before Income Taxes                           |   |      | (65,619    | )      |      |   | (73,811   | )             |   |   | (3,281,918 | ) |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Income Tax Expense                                              |   |      | -          |   |      |   | -         |          |   |   | - |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Net Income/(Loss)                                               |   | $         | (65,619    | )      |      | $      | (73,811   | )             |   | $ | (3,281,918 | ) |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Basic (Loss) per Share                                          |   | $         | (0.00      | )      |      | $      | (0.01     | )             |   |   |   |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| Weighted Average Number of Common Shares                        |   |      | 16,778,633 |   |      |   | 8,665,247 |          |   |   |   |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
|                                                            |   |      |       |   |      |   |      |          |   |   |   |   |
| The accompanying notes are an integral part of these statements |   |      |       |   |      |   |      |          |   |

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|                                                            |   |      |    |   |      |   |    | July 26, 1994 |   |
|-----------------------------------------------------------------|--------|-----------|---------|--------|-----------|--------|---------|---------------|--------|
|                                                            |   | March 31, |    |   | March 31, |   |    | (Inception)   |   |
|                                                            |   |      |    |   |      |   |    | to March. 31, |   |
|                                                            |   | 2010      |    |   | 2009      |   |    | 2010          |   |
| Operating Activities                                            |   |      |    |   |      |   |    |          |   |
| Net Loss                                                        |   | $         | (65,619 | )      |      | $      | (73,811 | )             |   | $ | (3,281,918 | ) |
| Adjustments to reconcile Net Loss:                              |   |      |    |   |      |   |    |          |   |   |   |   |
|    Stock Issued for Service                      |   |      | -       |   |      |   | -       |          |   |   | 1,594,905 |   |
|    Depreciation and Amortization                 |   |      | 500     |   |      |   | 1,334   |          |   |   | 17,000 |   |
| Changes in Operating Assets and Liabilities                     |   |      |    |   |      |   |    |          |   |   |   |   |
|    (Increase)/Decrease in Deposits               |   |      | -       |   |      |   | (200    | )             |   |   | (1,135 | ) |
|    Increase/(Decrease) in Accounts Payable       |   |      | 56,514  |   |      |   | 65,961  |          |   |   | 795,179 |   |
|    Increase/(Decrease) in Accrued Liabilities    |   |      | -       |   |      |   | -       |          |   |   | 70,000 |   |
|    Write Offs                                    |   |      | -       |   |      |   | -       |          |   |   | 435,279 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Net Cash (Used) by Operating Activities                         |   |      | (8,605  | )      |      |   | (6,716  | )             |   |   | (370,690 | ) |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Investment Activities                                           |   |      |    |   |      |   |    |          |   |   |   |   |
| Investment in Trademarks and Trade Names                        |   |      | -       |   |      |   | (150    | )             |   |   | (13,729 | ) |
| Purchase of Equipment                                           |   |      | -       |   |      |   | -       |          |   |   | (20,441 | ) |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Net Cash (Used) by Investment Activities                        |   |      | -       |   |      |   | (150    | )             |   |   | (34,170 | ) |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Financing Activities                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Pre-Paid Expenses                                               |   |      | (5,000  | )      |      |   |    |          |   |   | (5,000 | ) |
| Proceeds from Loans                                             |   |      | 12,450  |   |      |   | 5,800   |          |   |   | 453,409 |   |
| (Repayment) of Loans                                            |   |      | -       |   |      |   | -       |          |   |   | (366,563 | ) |
| Proceeds from the Sale of Stock                                 |   |      | -       |   |      |   | -       |          |   |   | 323,774 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Net Cash Provided by Financing Activities                       |   |      | 7,450   |   |      |   | 5,800   |          |   |   | 405,620 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Net Increase / (Decrease) in Cash                               |   |      | (1,155  | )      |      |   | (1,066  | )             |   |   | 760 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Cash, Beginning of Period                                       |   |      | 1,915   |   |      |   | 1,892   |          |   |   | - |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Cash, End of Period                                             |   | $         | 760     |   |      | $      | 826     |          |   | $ | 760 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Supplemental Information:                                       |   |      |    |   |      |   |    |          |   |   |   |   |
| Interest Paid                                                   |   | $         | -       |   |      | $      | -       |          |   | $ | 13,217 |   |
| Income Taxes Paid                                               |   | $         | -       |   |      | $      | -       |          |   | $ | - |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| Significant Non-Cash Transactions:                              |   |      |    |   |      |   |    |          |   |   |   |   |
| Stock Issued for Services                                       |   | $         | -       |   |      | $      | -       |          |   | $ | 1,594,905 |   |
| Stock issued to Convert Debt                                    |   | $         | -       |   |      | $      | -       |          |   | $ | 553,232 |   |
| Stock Issued to Acquire Assets                                  |   | $         | -       |   |      | $      | -       |          |   | $ | 400,000 |   |
|                                                            |   |      |    |   |      |   |    |          |   |   |   |   |
| The accompanying notes are an integral part of these statements |   |      |    |   |      |   |    |          |   |

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| 31.1  | Certification of Principal Executive Officer and Principal Financial Officer |
|------------|------------------------------------------------------------------------------|

| 32.1 | Certification Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|------|----------------------------------------------------------------------------------------------------------------|

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|                    | AMERELITE SOLUTIONS, INC. |                        |
|-------------------------|---------------------------|-----------------------------|
|                    |                      |                        |   |
| Date: December 15, 2010 | By:                       | /s/ Robert L. Knapp    |   |
|                    |                      | Principal Executive Officer |   |
|                    |                      | Principal Financial Officer |   |
|                    |                      |                        |   |

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