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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 September 30, 2010 (Unaudited) and December 31, 2009                                                                                          | 3      |
|                           |                                                                                                                                                                         |   |
|                           | Statements of Operations (Unaudited) for the Three and Nine Months Ended September 30, 2010 and 2009 and from July 26, 1994 (Inception) to September 30, 2010 | 4      |
|                           |                                                                                                                                                                         |   |
|                           | Statements of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2010 and 2009 and from July 26, 1994 (Inception) to September 30, 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                                                                                                                                                            | 8      |
|                           |                                                                                                                                                                         |   |
| Item 1A.                       | Risk Factors                                                                                                                                                            | 8      |
|                           |                                                                                                                                                                         |   |
| 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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|                                                            |   | September 30 |       |   | December 31,           |   |
|-----------------------------------------------------------------|--------|--------------|------------|--------|------------------------|--------|
|                                                            |   | 2010         |       |   | 2009                   |   |
|                                                            |   | (Unaudited)  |       |   | Audited & Restated |   |
| ASSETS                                                          |   |
|                                                            |   |         |       |   |                   |   |
| Current Assets:                                                 |   |         |       |   |                   |   |
| Cash and Cash Equivalents                                       |   | $            | 551        |   |                   | $      | 1,915 |   |
| Accounts Receivable                                             |   |         | -          |   |                   |   | - |   |
| Inventory                                                       |   |         | -          |   |                   |   | - |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Current Assets                                            |   |         | 551        |   |                   |   | 1,915 |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Fixed Assets:                                                   |   |         |       |   |                   |   |   |   |
| Furniture and Equipment, net                                    |   |         | 2,441      |   |                   |   | 3,941 |   |
| Other Assets:                                                   |   |         |       |   |                   |   |   |   |
| Pre-Paid Expenses                                               |   |         | -          |   |                   |   |   |   |
| Deposits                                                        |   |         | 1,135      |   |                   |   | 1,135 |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Assets                                                    |   | $            | 4,127      |   |                   | $      | 6,991 |   |
|                                                            |   |         |       |   |                   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                            |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Current Liabilities                                             |   |         |       |   |                   |   |   |   |
| Accounts Payable                                                |   | $            | 249,452    |   |                   | $      | 193,229 |   |
| Accrued Payroll-Directors                                       |   |         | -          |   |                   |   | - |   |
| Notes Payable                                                   |   |         | 43,550     |   |                   |   | 23,650 |   |
| Related Party Payables                                          |   |         | 70,000     |   |                   |   | 70,000 |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Current Liabilities                                       |   |         | 363,002    |   |                   |   | 286,879 |   |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Liabilities                                               |   |         | 363,002    |   |                   |   | 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                    |   |         | (3,295,286 | )      |                   |   | (3,216,299 | ) |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Stockholders' Equity/(Deficit)                            |   |         | (358,875   | )      |                   |   | (279,888 | ) |
|                                                            |   |         |       |   |                   |   |   |   |
| Total Liabilities and Stockholders' Equity                      |   | $            | 4,127      |   |                   | $      | 6,991 |   |
|                                                            |   |         |       |   |                   |   |   |   |
|                                                            |   |         |       |   |                   |   |   |   |
| The accompanying notes are an integral part of these statements |   |         |       |   |                   |

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|                                                            |   | Three Months Ended |       |   | Nine Months Ended |   |       | July 26, 1994 |   |
|-----------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|------------|---------------|--------|
|                                                            |   | September 30       |       |   | September 30      |   |       | September 30  |   |   | September 30 |   |   | (Inception) |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   | to September 30, |   |
|                                                            |   | 2010               |       |   | 2009              |   |       | 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 |   |   |   | 172,500 |   |   |   | 1,059,698 |   |
| General and Administrative                                      |   |               | 858        |   |              |   | 8,431      |          |   |   | 9,051 |   |   |   | 26,426 |   |   |   | 908,119 |   |
| Professional and Consulting                                     |   |               | 210        |   |              |   | 1,102      |          |   |   | 12,296 |   |   |   | 13,285 |   |   |   | 540,169 |   |
| Product Development                                             |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   | 84,851 |   |
| Marketing                                                       |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   | 289,551 |   |
| Investor Relations                                              |   |               | -          |   |              |   | -          |          |   |   | - |   |   |   | - |   |   |   | 465,672 |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Expenses                                                  |   |               | 1,068      |   |              |   | 67,033     |          |   |   | 78,847 |   |   |   | 212,211 |   |   |   | 3,348,060 |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) from Operations                                          |   |               | (1,068     | )      |              |   | (67,033    | )             |   |   | (78,847 | ) |   |   | (212,211 | ) |   |   | (3,331,621 | ) |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income/(Expense)                                          |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income                                                    |   |               | -          |   |              |   | -          |          |   |   |   |   |   |   | 2 |   |   |   | 4,519 |   |
| Interest Income                                                 |   |               | -          |   |              |   | -          |          |   |   |   |   |   |   |   |   |   |   | 45,173 |   |
| Interest Expense                                                |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   | (13,217 | ) |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income/(Expense)                                    |   |               | -          |   |              |   | -          |          |   |   | - |   |   |   | 2 |   |   |   | 36,475 |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income/(Loss) Before Income Taxes                           |   |               | (1,068     | )      |              |   | (67,033    | )             |   |   | (78,847 | ) |   |   | (212,209 | ) |   |   | (3,295,146 | ) |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Tax Expense                                              |   |               | -          |   |              |   | (50        | )             |   |   | (50 | ) |   |   | (50 | ) |   |   | (50 | ) |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income/(Loss)                                               |   | $                  | (1,068     | )      |              | $      | (67,083    | )             |   | $ | (78,897 | ) |   | $ | (212,259 | ) |   | $ | (3,295,196 | ) |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic (Loss) per Share                                          |   | $                  | (0.00      | )      |              | $      | (0.00      | )             |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Number of Common Shares                        |   |               | 16,778,633 |   |              |   | 16,778,633 |          |   |   | 16,778,663 |   |   |   | 16,778,633 |   |   |   |   |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |

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|                                                            |   | Nine Months Ended |    |   | July 26, 1994 |   |
|-----------------------------------------------------------------|--------|-------------------|---------|--------|---------------|--------|
|                                                            |   | Sept. 30          |    |   | Sept. 30      |   |   | (Inception) |   |
|                                                            |   |              |    |   |          |   |   | to Sept. 30, |   |
|                                                            |   | 2010              |    |   | 2009          |   |   | 2010 |   |
| Operating Activities                                            |   |              |    |   |          |   |   |   |   |
| Net Loss                                                        |   | $                 | (78,897 | )      |          | $      | (212,259 | ) |   | $ | (3,295,196 | ) |
| Adjustments to reconcile Net Loss:                              |   |              |    |   |          |   |   |   |   |   |   |   |
|    Stock Issued for Service                      |   |              | -       |   |          |   | 83,845 |   |   |   | 1,594,905 |   |
|    Depreciation and Amortization                 |   |              | 1,000   |   |          |   | 3,999 |   |   |   | 18,000 |   |
| Changes in Operating Assets and Liabilities                     |   |              |    |   |          |   |   |   |   |   |   |   |
|    (Increase)/Decrease in Deposits               |   |              | -       |   |          |   | - |   |   |   | (1,135 | ) |
|    Increase/(Decrease) in Accounts Payable       |   |              | 56,133  |   |          |   | 115,141 |   |   |   | 794,798 |   |
|    Increase/(Decrease) in Accrued Liabilities    |   |              | -       |   |          |   | - |   |   |   | 70,000 |   |
|    Write Offs                                    |   |              | -       |   |          |   | - |   |   |   | 435,279 |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Net Cash (Used) by Operating Activities                         |   |              | (21,764 | )      |          |   | (9,274 | ) |   |   | (383,349 | ) |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Investment Activities                                           |   |              |    |   |          |   |   |   |   |   |   |   |
| Investment in Trademarks and Trade Names                        |   |              | 300     |   |          |   | (300 | ) |   |   | (13,729 | ) |
| Purchase of Equipment                                           |   |              | -       |   |          |   | - |   |   |   | (20,441 | ) |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Net Cash (Used) by Investment Activities                        |   |              | 300     |   |          |   | (300 | ) |   |   | (34,170 | ) |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Financing Activities                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Pre-Paid Expenses                                               |   |              | -       |   |          |   |   |   |   |   | - |   |
| Proceeds from Loans                                             |   |              | 19,900  |   |          |   | 8,700 |   |   |   | 460,859 |   |
| (Repayment) of Loans                                            |   |              | -       |   |          |   | - |   |   |   | (366,563 | ) |
| Proceeds from the Sale of Stock                                 |   |              | 200     |   |          |   | - |   |   |   | 323,774 |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                       |   |              | 20,100  |   |          |   | 8,700 |   |   |   | 418,070 |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Net Increase / (Decrease) in Cash                               |   |              | (1,364  | )      |          |   | (874 | ) |   |   | 551 |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Cash, Beginning of Period                                       |   |              | 1,915   |   |          |   | 1,892 |   |   |   | - |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Cash, End of Period                                             |   | $                 | 551     |   |          | $      | 1,018 |   |   | $ | 551 |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Supplemental Information:                                       |   |              |    |   |          |   |   |   |   |   |   |   |
| Interest Paid                                                   |   | $                 | -       |   |          | $      | - |   |   | $ | 13,217 |   |
| Income Taxes Paid                                               |   | $                 | -       |   |          | $      | - |   |   | $ | - |   |
|                                                            |   |              |    |   |          |   |   |   |   |   |   |   |
| Significant Non-Cash Transactions:                              |   |              |    |   |          |   |   |   |   |   |   |   |
| Stock Issued for Services                                       |   | $                 | -       |   |          | $      | 83,845 |   |   | $ | 1,594,905 |   |
| Stock issued to Convert Debt                                    |   | $                 | -       |   |          | $      | 374,755 |   |   | $ | 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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