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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, 2011 (Unaudited) and December 31, 2010                         | 3      |
|                           |                                                                                                    |   |
|                           | Statements of Operations (Unaudited) for the Three Months Ended March 31, 2011 and 2010       | 4      |
|                           |                                                                                                    |   |
|                           | Statements of Cash Flows (Unaudited) for the three Months Ended March 31, 2011 and 2010  | 5      |
|                           |                                                                                                    |   |
|                           | Notes to Financial Statements                                                                           | 6      |
|                           |                                                                                                    |   |
| Item 2.                        | Management's Discussion and Analysis of Financial Condition and Results of Operations                   | 8      |
|                           |                                                                                                    |   |
| Item 3.                        | Quantitative and Qualitative Disclosures About Market Risk                                              | 9      |
|                           |                                                                                                    |   |
| Item 4T.                       | Controls and Procedures                                                                                 | 9      |
|                           |                                                                                                    |   |
| 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                                             | 10     |
|                           |                                                                                                    |   |
| Item 3.                        | Defaults Upon Senior Securities                                                                         | 10     |
|                           |                                                                                                    |   |
| Item 4.                        | Submission of Matters to a Vote of Security Holders                                                     | 10     |
|                           |                                                                                                    |   |
| Item 5.                        | Other Information                                                                                       | 10     |
|                           |                                                                                                    |   |
| Item 6.                        | Exhibits                                                                                                | 10     |
|                           |                                                                                                    |   |
| Signatures                     |                                                                                                    | 11     |

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|                                                            |   | March 31    |       |   | December 31,           |   |
|-----------------------------------------------------------------|--------|-------------|------------|--------|------------------------|--------|
|                                                            |   | 2011        |       |   | 2010                   |   |
|                                                            |   | (Unaudited) |       |   | Audited & Restated |   |
| ASSETS                                                          |   |        |       |   |                   |   |
|                                                            |   |        |       |   |                   |   |
| Current Assets:                                                 |   |        |       |   |                   |   |
| Cash and Cash Equivalents                                       |   | $           | 583        |   |                   | $      | 757 |   |
| Accounts Receivable                                             |   |        | -          |   |                   |   | - |   |
| Inventory                                                       |   |        | -          |   |                   |   | - |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Current Assets                                            |   |        | 583        |   |                   |   | 757 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Fixed Assets:                                                   |   |        |       |   |                   |   |   |   |
| Furniture and Equipment, net                                    |   |        | 1,441      |   |                   |   | 1,941 |   |
| Other Assets:                                                   |   |        |       |   |                   |   |   |   |
| Pre-Paid Expenses                                               |   |        | -          |   |                   |   |   |   |
| Deposits                                                        |   |        | 1,135      |   |                   |   | 1,135 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Assets                                                    |   | $           | 3,159      |   |                   | $      | 3,833 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                            |   |        |       |   |                   |   |   |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Current Liabilities                                             |   |        |       |   |                   |   |   |   |
| Accounts Payable                                                |   | $           | 239,523    |   |                   | $      | 251,162 |   |
| Accrued Payroll-Directors                                       |   |        | -          |   |                   |   | - |   |
| Notes Payable                                                   |   |        | 49,600     |   |                   |   | 44,900 |   |
| Related Party Payables                                          |   |        | -          |   |                   |   | 70,000 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Current Liabilities                                       |   |        | 289,123    |   |                   |   | 366,062 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Liabilities                                               |   |        | 289,123    |   |                   |   | 366,062 |   |
|                                                            |   |        |       |   |                   |   |   |   |
| 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 15,084,353 shares                                    |   |        | 18,855     |   |                   |   | 18,854 |   |
|                                                            |   |        |       |   |                   |   |   |   |
|                                                            |   |        |       |   |                   |   |   |   |
| Additional Paid-in Capital                                      |   |        | 2,998,338  |   |                   |   | 2,992,533 |   |
| Subscriptions (Receivable)                                      |   |        | -          |   |                   |   | (76,226 | ) |
| Accumulated Deficit during Development Stage                    |   |        | (3,304,406 | )      |                   |   | (3,298,640 | ) |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Stockholders' Equity/(Deficit)                            |   |        | (285,963   | )      |                   |   | (362,229 | ) |
|                                                            |   |        |       |   |                   |   |   |   |
| Total Liabilities and Stockholders' Equity                      |   | $           | 3,159      |   |                   | $      | 3,833 |   |
|                                                            |   |        |       |   |                   |   |   |   |
|                                                            |   |        |       |   |                   |   |   |   |
| The accompanying notes are an integral part of these statements |   |        |

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|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |
|-----------------------------------------------------------------|--------|--------------------|------------|--------|---------------------|--------|------------|---------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                                            |   | Three Months Ended |       |   | Twelve Months Ended |   |       | July 26, 1994 |   |
|                                                            |   | March 31           |       |   | March 31            |   |       | December 31   |   |   | December 31 |   |   | (Inception) |       |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   | to March 31 |       |
|                                                            |   | 2011               |       |   | 2010                |   |       | 2010          |   |   | 2009        |   |   | 2011        |       |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |
| 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      |   |   |        | 230,000    |   |   |   | 1,059,698 |   |
| General and Administrative                                      |   |               | 926        |   |                |   | 7,228      |          |   |   | 10,135      |   |   |        | 36,423     |   |   |   | 910,129 |   |
| Professional and Consulting                                     |   |               | 4,840      |   |                |   | 891        |          |   |   | 14,656      |   |   |        | 14,397     |   |   |   | 547,369 |   |
| Product Development                                             |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   | 84,851 |   |
| Marketing                                                       |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   | 289,551 |   |
| Investor Relations                                              |   |               | -          |   |                |   | -          |          |   |   | -           |   |   |        | -          |   |   |   | 465,672 |   |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| Total Expenses                                                  |   |               | 5,766      |   |                |   | 65,619     |          |   |   | 82,291      |   |   |        | 280,820    |   |   |   | 3,357,270 |   |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| (Loss) from Operations                                          |   |               | (5,766     | )      |                |   | (65,619    | )             |   |   | (82,291     | )      |   |        | (280,820   | ) |   |   | (3,340,831 | ) |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| 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                           |   |               | (5,766     | )      |                |   | (65,619    | )             |   |   | (82,291     | )      |   |        | (280,818   | ) |   |   | (3,304,356 | ) |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| Income Tax Expense                                              |   |               | -          |   |                |   | -          |          |   |   | (50         | )      |   |        | -          |   |   |   | (50 | ) |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| Net Income/(Loss)                                               |   | $                  | (5,766     | )      |                | $      | (65,619    | )             |   | $      | (82,341     | )      |   | $           | (280,818   | ) |   | $ | (3,304,406 | ) |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| Basic (Loss) per Share                                          |   | $                  | (0.00      | )      |                | $      | (0.00      | )             |   | $      | (0.01       | )      |   | $           | (0.02      | ) |   |   |   |   |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| Weighted Average Number of Common Shares                        |   |               | 15,084,353 |   |                |   | 15,084,353 |          |   |   | 15,084,353  |   |   |        | 15,084,353 |   |   |   |   |   |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
|                                                            |   |               |       |   |                |   |       |          |   |   |        |   |   |        |       |   |   |   |   |   |
| The accompanying notes are an integral part of these statements |   |

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|                                                            |   |                    |   |   |          |   |    |        |   |
|-----------------------------------------------------------------|--------|-------------------------|--------|--------|---------------|--------|---------|-------------|--------|
|                                                            |   | Three Months Ended |   |   | July 26, 1994 |   |
|                                                            |   | Mar. 31                 |   |   | Mar. 31       |   |    | (Inception) |   |
|                                                            |   |                    |   |   |          |   |    | to Mar. 31  |   |
|                                                            |   | 2011                    |   |   | 2010          |   |    | 2011        |   |
| Operating Activities                                            |   |                    |   |   |          |   |    |        |   |
| Net Loss                                                        |   | $                       | (5,766 | )      |          | $      | (65,619 | )           |   | $ | (3,304,406 | ) |
| Adjustments to reconcile Net Loss:                              |   |                    |   |   |          |   |    |        |   |   |   |   |
|    Stock Issued for Service                      |   |                    | -      |   |          |   | -       |        |   |   | 1,594,905 |   |
|    Depreciation and Amortization                 |   |                    | 500    |   |          |   | 500     |        |   |   | 19,000 |   |
| Changes in Operating Assets and Liabilities                     |   |                    |   |   |          |   |    |        |   |   |   |   |
|    (Increase)/Decrease in Deposits               |   |                    | -      |   |          |   | -       |        |   |   | (1,135 | ) |
|    Increase/(Decrease) in Accounts Payable       |   |                    | (2,108 | )      |          |   | 56,514  |        |   |   | 794,490 |   |
|    Increase/(Decrease) in Accrued Liabilities    |   |                    | -      |   |          |   | -       |        |   |   | 70,000 |   |
|    Write Offs                                    |   |                    | -      |   |          |   | -       |        |   |   | 435,279 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Net Cash (Used) by Operating Activities                         |   |                    | (7,374 | )      |          |   | (8,605  | )           |   |   | (391,867 | ) |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Investment Activities                                           |   |                    |   |   |          |   |    |        |   |   |   |   |
| Investment in Trademarks and Trade Names                        |   |                    | -      |   |          |   | -       |        |   |   | (13,729 | ) |
| Purchase of Equipment                                           |   |                    | -      |   |          |   | -       |        |   |   | (20,441 | ) |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Net Cash (Used) by Investment Activities                        |   |                    | -      |   |          |   | -       |        |   |   | (34,170 | ) |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Financing Activities                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Pre-Paid Expenses                                               |   |                    | -      |   |          |   | (5000   | )           |   |   | - |   |
| Proceeds from Loans                                             |   |                    | 7,200  |   |          |   | 12,450  |        |   |   | 469,409 |   |
| (Repayment) of Loans                                            |   |                    | -      |   |          |   | -       |        |   |   | (366,563 | ) |
| Proceeds from the Sale of Stock                                 |   |                    | -      |   |          |   | -       |        |   |   | 323,774 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Net Cash Provided by Financing Activities                       |   |                    | 7,200  |   |          |   | 7,450   |        |   |   | 426,620 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Net Increase / (Decrease) in Cash                               |   |                    | (174   | )      |          |   | (1,155  | )           |   |   | 583 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Cash, Beginning of Period                                       |   |                    | 757    |   |          |   | 1,915   |        |   |   | - |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| Cash, End of Period                                             |   | $                       | 583    |   |          | $      | 760     |        |   | $ | 583 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| 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 |   |
| Paid in Capital - Debt Relief                                   |   | $                       | 82,031 |   |          |   |    |        |   | $ | 82,031 |   |
| Stock Issued to Acquire Assets                                  |   | $                       | -      |   |          | $      | -       |        |   | $ | 400,000 |   |
|                                                            |   |                    |   |   |          |   |    |        |   |   |   |   |
| The accompanying notes are an integral part of these statements |   |                    |

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|  Item # |  Description                                                                                                    |
|--------------|----------------------------------------------------------------------------------------------------------------------|
|  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:  May 12, 2011  | By:                       | /s/ Robert L. Knapp    |   |
|                                |                      | Principal Executive Officer |   |
|                                |                      | Principal Financial Officer |   |
|                                |                      |                        |   |

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