UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  Form 10-K

(Mark one)
[X] Annual Report under Section 13 or 15(d) of the Securities Exchange Act of
    1934. For the fiscal year ended December 31, 2008.

[ ] Transition Report under Section 13 or 15(d) of the Securities Exchange Act
    of 1934. For the transition period from ______ to ______

                       Commission File Number 000-50045

                             EMPIRE GLOBAL CORP.
              (Name of small business issuer in its charter)

          Delaware                                             33-0823179
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                           Identification Number)

648 Finch Ave. East, Suite 2, Toronto, Ontario                  M2K 2E6
(Address of principal executive offices)                      (Zip Code)

                               (647) 229-0136
                       (Registrant's telephone number)

Securities registered pursuant to Section 12(b) of the Act:                 None

Securities registered pursuant to Section 12(g) of the Act:
                                                Common Stock (par value $0.0001)

Check whether the issuer is a well-known seasoned issuer, as defined in Rule 405
of the Securities Act.                                            Yes [ ] No [X]

Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act.                                                [ ]

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.         Yes [X] No [ ]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this form 10-K or any
amendment to this form 10-K.                                                 [X]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer", "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Larger accelerated filer [ ]                               Accelerated filer [ ]
Non-accelerated filer    [ ]                       Smaller reporting company [X]
   (Do not check if a smaller
            reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the exchange Act).                                  Yes [ ] No [X]

The issuer had $0 in revenues for its most recent fiscal year.

The number of shares outstanding of each of the issuer's classes of common
equity, as of the close on December 31, 2008 is 18,675,800 shares with an
aggregate market value of $560,274 based on the average closing bid and asked
prices for the Common Stock on December 3, 2009 of $0.03 per share.

<PAGE>

TABLE OF CONTENTS

PART I

ITEM 1.  DESCRIPTION OF BUSINESS...............................................3
ITEM 2.  DESCRIPTION OF PROPERTY...............................................7
ITEM 3.  LEGAL PROCEEDINGS.....................................................7
ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS...................9

PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.............10
ITEM 6.  SELECTED FINANCIAL DATA..............................................14
ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS.................................15
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK...........22
ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA...........................23
                            (Financial Statements - pages numbered as F1 to F16)
ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
         ACCOUNTING AND FINANCIAL DISCLOSURE..................................39
ITEM 9A. CONTROLS AND PROCEDURES..............................................39
ITEM 9B. OTHER INFORMATION....................................................42

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.........42
ITEM 11. EXECUTIVE COMPENSATION...............................................46
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
         MANAGEMENT AND RELATED STOCKHOLDER MATTERS...........................47
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.......................48
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES...............................49
ITEM 15. EXHIBITS.............................................................50

SIGNATURES....................................................................51


                                       2
<PAGE>

PART I.

FORWARD-LOOKING STATEMENTS

The matters discussed in this Annual Report on form 10-K contain forward-looking
statements that involve risks and uncertainties, including primarily our ability
to fund future operations and investment opportunities until such time that our
cash flows from operations are sufficient for these purposes, changing market
conditions and the other risks and uncertainties described under "Risk Factors"
and throughout this Annual Report on form 10-K. Actual results may differ
materially from those projected. These forward-looking statements represent our
judgment as of the date of the filing of this Annual Report on form 10-K.
We disclaim any intent or obligation to update these forward-looking statements.

Item 1. Description of business

The issuer, Empire Global Corp. ("the Company", "Empire") formerly named
Tradestream Global Corp ("Tradestream") and Vianet Technology Group, Ltd
("Vianet") was organized as Pender International, Inc. ("Pender") under the laws
of the state of Delaware on August 26, 1998.

A. BUSINESS DEVELOPMENT

In 2002, the Company established a business plan to import high-end furniture
from Mexico for sale in the United States and Canada. This business was
unsuccessful and abandoned. In July 2004 the Company formed a business plan to
acquire undervalued small-to-medium size development stage companies.

On July 9, 2004, the Company acquired 100% of the stock of IMM Investments Inc.,
an Ontario corporation ("IMM"), thus making IMM a wholly owned subsidiary of
Empire. IMM owns 5 million (20 million pre-reverse split) shares of Armistice
Resources Corp. a Canadian exploration company developing a gold mining interest
in Northern Ontario.

On February 16, 2005, the Company acquired 100% of the stock of Montebello
Developments Corp., an Ontario corporation ("Montebello"), thus making
Montebello a wholly owned subsidiary of Empire. Through Montebello, the Company
entered into an agreement to jointly develop Pueblomex a new villa resort near
Huatulco, Mexico. This opportunity was abandoned.

Between February 2005 and December 31, 2006 the Company explored a number of
business opportunities, none of which developed into a viable business.


                                       3
<PAGE>

B. BUSINESS DESCRIPTION

PRINCIPAL PRODUCTS OR SERVICES AND THEIR MARKETS

Empire Global Corp. (together with its subsidiaries, the "Company") is a
diversified holding company seeking to acquire and operate income producing
businesses that have a good prospect for growth. The Company's goal is to
create, through acquisition, disposition and operation an ownership position in
income producing properties servicing commercial business tenants as well as
Hotel, Tourism and Leisure Travel business operators internationally.

As of December 31, 2008, the Company did not have interests in any properties.
The Company intends to prudently develop on a speculative basis as opportunities
warrant and will seek to expand its operations into new markets in addition to
its primary target markets. When considering entry into a new market the Company
will consider, among other factors, demographics, job growth, employment, real
estate fundamentals, competition and other related matters.

We have not been satisfied with our business plan or original plan of operation.
Our objectives are to identify and negotiate with an established business entity
with a view to merge target businesses or alternatively acquire properties
either compatible with our initial business plan or a business related to the
resources industry in line with assets held by our subsidiary IMM Investments
Inc. In certain instances, a target business may wish to become a subsidiary or
may wish to contribute assets rather than merge. No assurances can be given that
we will be successful in locating or negotiating with any target business.

TARGET SELECTION

Any acquisitions that we undertake could be difficult to integrate, disrupt our
business, dilute shareholder value and significantly harm our operating results.

We expect to explore opportunities to buy other businesses or technologies that
would complement our current business, expand the breadth of our markets, or
that may otherwise offer growth opportunities. If we make any future
acquisitions, we could issue stock that would dilute existing shareholders'
percentage ownership, incur substantial debt or assume contingent liabilities.
Potential acquisitions also involve numerous risks, including:

a. problems assimilating the purchased operations, technologies or products;
b. unanticipated costs associated with the acquisition;
c. adverse effects on existing business relationships with suppliers and
   customers;
d. risks associated with entering markets in which we have no or limited prior
   experience; and
e. potential loss of the purchased organization's or our own key employees.

We cannot provide any assurance that we would be successful in overcoming
problems encountered in connection with such acquisitions and our inability to
do so could significantly harm our business

Our Management believes that being a reporting company with a class of
publicly-traded securities has certain apparent benefits. These apparent
benefits may include: exposure to capital markets; the ability to use its
registered securities to acquire assets or businesses; greater ease in
subsequently raising capital or borrowing from financial institutions;
stockholder liquidity; enhanced corporate image in the financial community and
compensation of key employees through stock options.

                                       4
<PAGE>

We are authorized to enter into a definitive agreement with a wide variety of
businesses without limitation as to their industry or revenues. It is not
possible at this time to predict if we will enter into a definitive agreement
with any specific company or what will be the industry, operating history,
revenues, future prospects or other characteristics of that company.

Empire is required to provide certain information about significant acquisitions
including audited financial statements of the target business. Reporting
requirements may delay or preclude any merger or acquisition, which may
adversely affect Empire's business. Obtaining audited financial statements are
the economic responsibility of the target business. The additional time and
costs that may be incurred by some potential target businesses to prepare such
financial statements may significantly delay or essentially preclude
consummation of an otherwise desirable acquisition by Empire. Acquisition
prospects that do not have or are unable to obtain the required audited
statements may not be appropriate for acquisition so long as the reporting
requirements of the Exchange Act are applicable. Notwithstanding a target
business's agreement to obtain audited financial statements within the required
time frame, such audited financials may not be available to Empire at the time
of effecting a business combination. In cases where audited financials are
unavailable, Empire will have to rely upon unaudited information that has not
been verified by outside auditors in making its decision to engage in a
transaction with the business entity. This risk increases the prospect that a
business combination with such a target business might prove to be an
unfavorable one for Empire.

Empire currently has no arrangements or understanding with respect to a proposed
business combination with a specific entity. There can be no assurance that
Empire will be successful in identifying and evaluating suitable target
businesses or business opportunities or in concluding a business combination.
Empire does not have an established operating history or a specified level of
earnings, assets, net worth or other criteria that it will require a target
business to have achieved, or deemed that without which Empire would not
consider a business combination with such target business. Accordingly, Empire
may enter into a business combination with a target business having no
significant operating history, losses, limited or no potential for immediate
earnings, limited assets, negative net worth or other negative characteristics.
There is no assurance that Empire will be able to negotiate a business
combination on terms favorable to Empire.

Empire currently has few assets, liabilities, limited financial resources and we
have no cash on hand to acquire additional assets or to create an operating
revenue stream sufficient to cover operating expenses or pay our outstanding
liabilities. There is no assurance that Empire can identify such a target
business and consummate such a business combination and our limited funds may
not be adequate to take advantage of any available business opportunities that
present themselves. We will require significant new capital in order to execute
our strategic plan and believe that this capital will only be available through
the sale of debt or equity securities. Our success in raising this capital will
depend upon our ability to access equity capital markets and we may not be able
to do so or to do so on acceptable terms. If we fail to obtain funds on
acceptable terms, we will not be able to execute our strategic plan and would
have to delay or abandon some or all of our plans for growth. If we are able to
obtain financing, we believe that the terms of such arrangements will result in
an offering that is highly dilutive to existing shareholders because of the
price at which we would have to issue those shares and the large number of
shares we would have to issue at those prices.

                                       5
<PAGE>

DISTRIBUTION METHODS FOR PRODUCTS OR SERVICES

We currently have no products or services available for distribution.

STATUS OF PUBLICLY ANNOUNCED NEW PRODUCTS OR SERVICES

As of the fiscal year ended December 31, 2008 the Company has no current
business operations and is a holding company with a view to acquire undervalued
small-to-medium size development stage companies or in the alternative, take
direct ownership in revenue producing businesses. The Company has not entered
into any new business arrangements.

COMPETITIVE BUSINESS CONDITIONS, COMPETITIVE POSITION IN THE INDUSTRY AND
METHODS OF COMPETITION

The Company seeks opportunities primarily located in North America. There are
numerous other competitors within the market area for which the Company will
prospect. The competitive conditions in such areas could have a material adverse
effect on the Company's (i) future operations, and (ii) development and
acquisition opportunities. The Company will compete for acquisitions with others
who may have greater resources.

SOURCES AND AVAILABILITY OF SUPPLIES

The Company has taken a broad view to delineate opportunities in international
markets where the supply of target properties and businesses are abundant. For
Empire to operate, our needs or inputs would simply be legal counsel, accounting
and auditor functions. Suppliers for these office and management functions are
deemed to be ubiquitous. During the period covered by this report we did not
retain legal counsel, and our Independant Registered Public Accountanting Firm
is Bernstein & Pinchuk LLP.

DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS

As of the end of the period covered by this report Empire does not have any
holdings in income producing commercial properties. Empire will continue to seek
new potential acquisition targets to develop a portfolio of assets in
conjunction with our plan of business.

PATENTS, TRADEMARKS, LICENSES, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS OR
LABOR CONTRACTS

Empire Global Corp. does not have any patents, trademarks, licenses, franchises,
concessions, royalty agreements or labor contracts.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

There is no current need for Government Approval for its products or services.

EFFECT OF EXISTING OR PROBABLE GOVERNMENTAL REGULATIONS ON THE BUSINESS

There is no current effect on us of existing or probable governmental
regulations on the business.

RESEARCH AND DEVELOPMENT COSTS

The Company had no research and development costs during the year ended December
31, 2008.

                                       6
<PAGE>

COSTS AND EFFECTS OF COMPLIANCE WITH ENVIRONMENTAL LAWS

Empire is not directly affected by any environmental laws, but may indirectly be
affected if a subsidiary company project or property falls under the scope of
any Federal, State and Local environmental laws.

NUMBER OF TOTAL EMPLOYEES AND NUMBER OF FULL TIME EMPLOYEES

Empire currently has no employees and one active independent contractor.
Management expects to use consultants, attorneys and accountants as necessary,
and does not anticipate a need to engage any full-time employees so long as it
is seeking and evaluating business opportunities. The need for employees and
their availability will be addressed in connection with the decision whether or
not to acquire or participate in specific business opportunities.

C. RISK FACTORS

Empire is a smaller reporting company as defined by Rule 12b-2 of the Exchange
Act and is not required to provide the information required under this item.

Item 2. Description of Property.

Empire currently does not maintain a principal executive office. Empire's
mailing address is 648 Finch Ave. East. Suite 2, Toronto, Ontario, M2K 2E6,
Canada. Other than this mailing address, Empire does not currently maintain any
other office facilities, and does not anticipate the need for maintaining office
facilities at any time in the foreseeable future. Empire pays no rent or other
fees for the use of the mailing address.

It is likely that Empire will not establish an office until it has completed a
business acquisition transaction, but it is not possible to predict what
arrangements will actually be made with respect to future office facilities.

Note: Mining Operations

Although Empire does not engage in mining operations, our wholly owned
subsidiary IMM has made an investment in Armistice Resources Corp. which does.
However, our investment in Armistice does not deem us a controlling entity.
Armistice Resources Corp. is a reporting Canadian company and information about
its business can be found on the System for Electronic Document Analysis and
Retrieval (SEDAR) developed in Canada for the Canadian Securities Administrators
(www.sedar.com).

Item 3. Legal Proceedings

The Company is subject to claims arising in the ordinary course of business. The
Company and Management believe that, after consultation with counsel, the
allegations against the Company included in the claims described below may be
subject to substantial legal defences, and the Company is vigorously defending
each of the allegations. At this time, it is not possible to estimate the
ultimate loss or gain, if any, related to these claims, nor if any such loss
will have a material adverse effect on the Company's results of operations or
financial position.

                                       7
<PAGE>

Pending Legal Matters

Directly affecting the Company

On November 1, 2005, the Company was served with a Statement of Claim filed in
the Ontario Superior Court of Justice by Advanced Refractive Technologies Inc.
("Advanced") claiming $6,000,000 in aggregate damages plus unspecified amounts
against 16 co-respondents including the Company for unknown loses claimed by
Advanced in its dealings with an unknown and unrelated entity or person (the
"unrelated entity"). Advanced alleges that this unrelated entity, in a private
transaction with Advanced, may have promised to exchange shares of the Company
that the unrelated entity had claimed to have owned. The Company has never been
a party to any dealings with Advanced or the unrelated party and prior to
receiving notice from Advanced had never heard of Advanced. The Company denies
any wrongdoing and is vigorously defending this claim. Although the claim
remains a live issue, Advanced has made no attempt to further its claim. Because
of the uncertainties inherent in litigation, the company cannot predict whether
the outcome, which remains unresolved, will have a material adverse affect.

Indirectly affecting the Company

On December 10, 2004, the Ontario Securities Commission ("OSC") served upon the
former President and C.E.O. of the Company (the "former executive"), and
companies controlled by the former executive, as well as a shareholder of the
Company related to the father of our former Chairman Kalson Jang and an
unrelated party collectively the "respondents" an order to cease trading in
shares of the Company formerly known as Pender International, Inc. ("Pender")
and subsequently issued a Statement of Allegations against the respondents on
December 21, 2004. The Company is aware of the proceedings; however, is not a
respondent to these proceedings. The order was purportedly issued to allow the
OSC an opportunity to investigate trading in shares of Pender over the period
between October 27, 2004 and November 19, 2004. The allegations stated among
other things that Armistice was a worthless, flooded mine and that there was no
basis for the increase in the share price of the Company.

The Royal Canadian Mounted Police, and the Ontario Securities Commission
(jointly IMET "Integrated Market Enforcement Team") conducted an investigation
into the allegations and on September 26, 2006 the Royal Canadian Mounted Police
("RCMP") charged our former executive.

Our former executive is vigorously denying the allegations and challenging the
charges and consequently has consented to a committal to trial. Between February
and March 2008 a preliminary inquiry was held in the Ontario Court of Justice in
respect of this matter.

A trial date had been set down to begin on September 8, 2009, however has been
delayed. A new date has not been established as of the date of this filing.

On June 25, 2008 the Securities and Exchange Commission ("SEC") issued a notice
to Michael Ciavarella, our former officer and director. The notice advised that
the (SEC) investigation has been completed as to Mr. Ciavarella, against whom
they do not intend to recommend enforcement by the commission.

Our former executive and the Company have been complying with orders imposed by
the OSC and cooperating with informal inquiries made by the United States
Securities and Exchange Commission ("SEC").

                                       8
<PAGE>

Legal Matters Settled or Dismissed

1. On November 26, 2007, the Company and Research Capital Corporation
   ("Research") a broker/dealer in Ontario entered into a Settlement Agreement
   pursuant to a claim initiated by Research on September 9, 2005. The Company
   agreed to settle the claim with Research for a total amount of CDN $25,000
   this included $10,000 in legal costs plus $5,000 for a securities expert
   report incurred by Empire and $10,000 payable to Research. Accordingly,
   the matter was dismissed by Madame Justice Bennett of the Ontario Superior
   Court of Justice.

2. The complaint filed on September 6, 2006 in the Court of Chancery in the
   State of Delaware against the Company, and its management Ken Chu, Vic
   Dominelli and Xu Bing was abandoned by Hoi Ming Chan and his wife Florence
   Tsun (the shareholders of 501 Canada Inc.). Accordingly on May 6, 2007 the
   claim was dismissed and subsequent Stipulated Order Maintaining Status Quo
   was vacated by Chancellor Strine of the Court of Chancery.


Item 4. Submission of matters to a vote of security holders

There were no matters submitted to a vote of security holders during the fourth
quarter of the year ended December 31, 2008.

REPORTS TO SECURITY HOLDERS
The Company is not required to deliver an annual report to security holders and
does not plan to voluntarily deliver a copy of the annual report to the security
holders. If we should choose to create an annual report, it will contain audited
financial statements. We intend to file all of our required information
including our 10-K, 10-Q and all other forms that are or may become applicable
with the SEC. We file reports electronically with the Securities and Exchange
Commission. Our public disclosure protocol complies with the requirements set
forth by the Securities and Exchange Commission. Over the course of the past
fiscal year we have filed several form 8-K's as described in Item 13 of this
report and quarterly reports 10-Q's, these forms are attached as exhibits at
the end of this report.

The public may read and copy any materials we file with the SEC at the SEC's
Public Reference Room at 450 Fifth Street, N.W., Washington, D.C. 20549. The
public may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that
contains reports, proxy and information statements, and other information
regarding issuers that file electronically with the SEC. The address of that
website is (http://www.sec.gov). In compliance with the Securities and
Exchange Commission, all press releases and SEC filings are also available on
our website (http://www.emgl.us).

                                       9
<PAGE>

PART II

Item 5. Market for common equity and related stockholder matters

MARKET INFORMATION

Our common stock is quoted on the Over the Counter Pink Sheet Quotation System
(OTC-PK), which is a network of security dealers who buy and sell stock. The
OTC-PK is an unorganized, inter-dealer, over-the-counter market that provides
significantly less liquidity than other markets. Purchasers of our common stock
may therefore have difficulty selling their shares should they desire to do so.

The stock market in general and the stock prices of Empire's common stock in
particular, have experienced extreme volatility that often has been unrelated to
the operating performance of any specific public company. The market price of
Empire's common stock has fluctuated in the past and is likely to fluctuate in
the future as well, especially if Empire's common stock continues to be thinly
traded. Factors that may have a significant impact on the market price of
Empire's common stock include:

a. announcements concerning Empire or its competitors, including the negotiation
   for or acquisition of a target business;
b. announcements regarding financial developments;
c. government regulations, including stock option accounting and tax
   regulations;
d. acts of terrorism and war; or
e. rumors or allegations regarding Empire's financial disclosures or practices.

A small number of Empire's stockholders own a substantial amount of Empire's
common stock, and if such stockholders were to sell those shares in the public
market within a short period of time, the price of Empire's common stock could
drop significantly. A large number of shares of outstanding common stock are
restricted and are not freely-trading. An established public trading market for
our common stock may never develop or, and if developed, it may not be
sustained.

PENNY STOCK RULES

Our common stock may be deemed a "penny stock." Penny stocks generally are
equity securities with a price of less than $5.00 per share, other than
securities registered on certain national securities exchanges. Trading in
Empire's securities is subject to certain regulations adopted by the SEC
commonly known as the "penny stock" rules. These rules govern how broker-dealers
can deal with their clients and "penny stocks". The additional burdens imposed
upon broker-dealers by the "penny stock" rules may discourage broker-dealers
from effecting transactions in Empire's securities, which could severely limit
the market price and liquidity of our common stock.

We were listed and became eligible for trading on the OTCBB on March 4, 2004 and
the first electronic trade of our stock occurred on October 14, 2004. We now
trade under the symbol, EMGL.PK (formerly EMGL.OB, TGLC.OB, VGTL.OB, and
PNDR.OB).

Trading in our common stock in the over-the-counter market has been limited and
sporadic and the quotations set forth below are not necessarily indicative of
actual market conditions. Further, these quotations reflect inter-dealer prices
without retail mark-up, mark-down, or commission, and may not necessarily
reflect actual transactions. Such quotes are not necessarily representative of
actual transactions or of the value of our common stock, and are in all
likelihood not based upon any recognized criteria of securities valuation as
used in the investment banking community.

                                      10
<PAGE>

The following tables set forth the high and low sale prices for our common stock
as reported on the Pink Sheets LLC for the periods covered by this report as
indicated.

2007                                        BID PRICES
PERIOD                                              HIGH             LOW
January 1 - March 31                             $  0.15         $  0.150
April 1 - June 30                                   0.15            0.150
July 1 - September 30                               0.15            0.150
October 1 - December 31                             0.07            0.070

2008                                        BID PRICES
PERIOD                                              HIGH             LOW
January 1 - March 31                             $  0.07         $  0.070
April 1 - June 30                                   0.07            0.070
July 1 - September 30                               0.06            0.060
October 1 - December 31                             0.07            0.070

2009
PERIOD
January 1 - March 31                             $  0.07         $  0.06
April 1 - June 30                                   0.14            0.06
July 1 - September 30                               0.06            0.025
October 1 - November 30                             0.025           0.02

SHAREHOLDERS

As of November 1, 2009, there were an estimated 400 holders of record of our
common stock. Certain of the shares of common stock are held in street name or
are listed as undisclosed and may, therefore, be held by several beneficial
owners.

DIVIDENDS

On July 26, 2004, shareholders of record on that date became entitled to receive
a stock dividend of six new shares of common stock of the Company for each one
share held pursuant to a forward split approved by the Board of Directors of the
Company on July 12, 2004.

We have never paid a cash dividend on our common stock since inception. The
payment of dividends may be made at the discretion of our Board of Directors,
and will depend upon, among other things, our operations, capital requirements,
and overall financial condition.

DESCRIPTION OF SECURITIES

As of December 31, 2008, there were 18,675,800 shares of common stock, of 0.0001
par value, issued and outstanding and at least 17,969,300 shares are restricted
securities of Empire within the meaning of Rule 144(a)(3) promulgated under the
Securities Act of 1933, as amended. These are restricted because such shares
were issued and sold by us in private transactions not involving a public
offering or issued as consideration for payments of fees and services provided
to the Company.

The restricted securities may only be sold pursuant to a registration statement
or pursuant to Rule 144. In general, under Rule 144, as currently in effect,
subject to the satisfaction of certain other conditions, a person, including an
affiliate of ours (in general, a person who has a control relationship with us)
who has owned restricted securities of common stock beneficially for at least
one year is entitled to sell, within any three-month period, that number of
shares of a class of securities that does not exceed the greater of (i) one
percent (1%) of the shares of that class then outstanding or, if the common
stock is quoted on NASDAQ, (ii) the average weekly trading volume of that
class during the four calendar weeks preceding such sale. A person who has not
been an affiliate of ours for at least the three months immediately preceding
the sale and has beneficially owned shares of common stock for at least two (2)
years is entitled to sell such shares under Rule 144 without regard to any of
the limitations described above.

No prediction can be made as to the effect, if any, that future sales of
shares of common stock or the availability of common stock for future sale will
have on the market price of the common stock prevailing from time-to-time. Sales
of substantial amounts of common stock on the public market could adversely
affect the prevailing market price of the common stock.

                                       11
<PAGE>

In each of the foregoing described stock splits we filed a notice under rule
10b-17 with NASD of our intention to effect the stock split and reflected the
approval of our Board of Directors and written consent of a majority
shareholders. All fractional shares are rounded up to the nearest whole shares.

1 for 10 Reverse Split
On September 30, 2005, we completed a 1 for 10 reverse split of our common
stock.

1 for 10 Reverse Split
Effective June 30, 2005, we completed a 1 for 10 reverse split of our common
stock.

7 for 1 Forward Split
On July 23, 2004, the Board of Directors approved a 7 for 1 forward split of our
common stock. The common stock dividend payment date was July 26, 2004 to
stockholders of record as at July 23, 2004.

Each of the foregoing change in authorized shares was approved by the Board of
Directors and the holders of a majority of the issued and outstanding shares of
common stock and a Certificate of Amendment filed with the State of Delaware.

On September 21, 2004, the Company amended it's Certificate of Incorporation to
increase the number of authorized common shares from 80,000,000 to 400,000,000.

On December 28, 2006, the Company amended it's Certificate of Incorporation to
decrease the number of authorized common shares from 400,000,000 to 80,000,000.

Preferred Stock
The Company has authorized 20,000,000 preferred shares of which none have been
issued.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The purpose of the 2005 Incentive Stock Option Plan (the "Stock Plan") is to
secure long-term relationships for the Company and its stockholders, from the
benefits arising from capital stock ownership by the Company's Officers,
Directors, Employees, Consultants and Advisors, who can help in the Company's
growth and success and to provide an effective means of compensation for such
persons and entities providing services to the Company in lieu of cash payments
therefore. The Stock Plan became effective as of the 1st day of July, 2005, and
shall expire on the 30th day of June, 2015, unless further extended by
appropriate action of the Board of Directors. The Board of Directors of the
Company may at any time, by appropriate action, suspend or terminate the Stock
Plan, or amend the terms and conditions of the Stock Plan.

Pursuant to the stock plan, 1,000,000 shares of common stock, par value $0.0001
per share, of Empire Global Corp., may be issued upon the exercise of stock
options or stock grants. Consultants, Advisors, Employees and Directors, to the
Company, or any of its subsidiary corporations, shall be eligible for
participation in the Stock Plan. Each person or entity acquiring shares of
Common Stock pursuant to the Stock Plan shall be acquiring such shares for
investment purposes only, and in lieu of cash compensation for services rendered
to the Company. A Compensation Committee appointed by the Board of Directors
shall determine the manner in which each option or stock grant shall be
exercisable and the timing and form of the purchase price to be paid by a
grantee upon the exercise of an option or stock grant under the Stock Plan. To
the extent provided in the option agreement, payment of the purchase price may
be in cash, part in cash, part by personal promissory note or in lieu of payment
for services performed. There are no restrictions on the resale of securities
purchased under the Stock Plan. The Stock Plan is not qualified under Section
401(a) of the Internal Revenue Code.

                                       12
<PAGE>

On July 26, 2005, options to purchase up to a total of 1,000,000 shares of
common stock were granted at an exercise price of $0.50 per share to two
consultants pursuant to Consulting Services Agreements entered into with the
Company to perform research and analysis work with respect to business planning
in the potential acquisition of technology based companies. The shares were
issued in lieu of payment for services performed or to be performed. The Company
relied on the exemption from the registration requirements of the Securities Act
provided by Rule 701 under the Securities Act. More details of the Stock Plan
and the shares issued pursuant to these consultant agreements can be found on
form S-8 filed on July 27, 2005.

RECENT SALES OF UNREGISTERED SECURITIES

There are no recent sales of unregistered securities by the Company during the
period covered by this report, which have not been previously disclosed in form
10-Q filings or form 8-K filings.

Share exchange - IMM Investments Inc.

On July 9, 2004, the Company acquired 100% of IMM Investments Inc., thus making
IMM a wholly owned subsidiary of the Company. The Company acquired IMM from KJ
Holding Inc. an Ontario Corporation owned by Kalano Jang father of our former
Chairman Kalson Jang, by issuing KJ Holding Inc. 3,000,000 (21,000,000
post-forward split) restricted shares of the Company in exchange for 100% of the
issued and outstanding stock in IMM. Details of this transaction are available
on the form 8-K filed on July 14, 2004 to announce the acquisition of IMM
Investments Inc. and the form 8-K/A filed on December 3, 2004 to amend 8-K filed
on July 14, 2004. Items 2.01 and 9.01 were amended on this report.

Sale of Shares - Private Placements - Cancellation of Debt

On June 27, 2005 the Company completed a private placement by issuing a total of
2,088,720 (pre-split) shares of its common stock with a total value of $208,872
to an accredited investor in exchange for the cancellation of debt owed by the
Company respectively to the investor.

On July 27, 2005 the Company completed a private placement by issuing a total of
500,000 (pre-split) shares of its common stock with a total value of $150,000 to
an accredited investor in exchange for the cancellation of debt owed by the
Company to the investor.

On October 12, 2005 the Company completed a private placement by issuing a total
of 814,100 shares of its common stock with a total value of $472,178 to a group
of accredited investors in exchange for the cancellation of debt owed by the
Company respectively to each investor.

On August 21, 2006, the Company completed a private placement by issuing a total
of 7,236,300 shares of its common stock with a total value of $922,595 to a
group of accredited investors in exchange for the cancellation of debt owed by
the Company respectively to each investor.

On November 26, 2006, the Company completed a private placement by issuing a
total of 1,000,000 shares of its common stock with a total value of $127,495 to
First Federal Group in exchange for the cancellation of debt owed by the Company
for funds advanced for payment to SF Group our former Certifying Public
Accountant and rent for use of office space in New York.

On November 5, 2007, the Company completed a private placement by issuing a
total of 3,378,900 shares of its common stock with a total value of $405,468 to
a group of accredited investors in exchange for the cancellation of debt owed by
the Company respectively to each investor.

On May 5, 2008, Empire completed a private placement of 5,500,000 shares of its
common stock. The Company issued 3,000,000 shares of common stock with a total
value of $200,000, as well as 2,500,000 shares of common stock with a total
value of $175,000 to a group of accredited investors in exchange for the
cancellation of debt owed by the Company to each investor.

                                       13
<PAGE>

The shares issued in each private placement are exempt from the registration
requirements of the Securities Act of 1933 (the "Act") pursuant to Section 4(2)
of the Act and Rule 506 promulgated thereunder. Each investor is an "accredited
investor" under the Act, and no form of general solicitation or general
advertising was conducted in connection with the private placements.

Each of the certificates representing shares of the Company's common stock
issued in each private placement contain restrictive legends preventing the
sale, transfer or other disposition of such shares, unless registered under the
Securities Act.

Share Exchange - Empire Global Acquisition Corp. (Returned and Cancelled)
On October 27, 2005 Empire Global Corp. acquired 100% of 501 Canada Inc. ("501")
through its wholly owned subsidiary Empire Global Acquisition Corp. ("EGAC")
Empire acquired 501 from the former shareholders of 501 by issuing to these
former shareholders 6,240,000 (post-reverse split) restricted shares of Empire
in exchange for 6,240,000 shares of EGAC that were acquired by the former 501
shareholders in exchange for 100% of the issued and outstanding stock in 501.
Details of this transaction are available on the form 8-K filed on November 3,
2005 to announce the acquisition of 501 Canada Inc. and the form 8-K/A filed on
November 3, 2005 to amend the form 8-K filed on November 3, 2005. Audited
financial statements required under SEC regulations were attached and amended as
exhibits on the report form 8-K/A. The agreement was contingent upon the
survival of material representations made by Hoi Ming Chan on October 27, 2005.
As a result of material misrepresentations made by Hoi Ming Chan which were
discovered post completion, the Company delivered a written "Notice of
Termination" to Hoi Ming Chan within the prescribed time as specified in the
Plan of Merger and Reorganization with 501 Canada Inc. The agreement to acquire
501 Canada Inc. was rescinded on October 1, 2007 by the Company and the
6,240,000 shares were cancelled. The Consolidated Statement of Shareholders'
Equity was given retroactive treatment to recognize the effect of the
cancellation of 501 Canada Inc.

Share Exchange - Excel Empire Limited (Returned and Cancelled)
On November 22, 2005 the Company instructed its transfer agent to issue shares
pursuant to the Plan of Merger and Reorganization with Excel Empire Limited
("Excel")(the "Excel Plan"). The shares where issued as consideration for the
shares of Excel to be acquired pursuant to the Excel Plan. The shares were to be
delivered upon closing and the effective completion of the Excel Plan. The
closing of the plan was defined as "5 pm on November 4, 2005" however; the
effective date is specified as "upon filing of a Certificate of Merger with the
Secretary of State of the State of Delaware". The agreement was amended on July
1, 2006 and was contingent upon the survival of termination provisions. Since
the conditions of closing were not met a Certificate of Merger was not filed
with the Secretary of State of the State Delaware as required pursuant to the
Excel Plan. Excel neglected to provide financial statements as required, as a
result, the Company delivered a written "Notice of Termination" to Xu Bing
within the prescribed time period as specified in the Plan of Merger and
Reorganization with Excel Empire Limited as amended. On May 5, 2008, Empire
announced the cancellation of the 36,400,000 shares issued pursuant to the Plan
of Merger and Reorganization with Excel Empire Limited as amended.

REGISTRATION STATEMENTS

On July 27, 2005 Empire issued 500,000 shares each by way of S-8 registration to
two consulting firms for an aggregate total of 1,000,000 (pre-reverse split)
shares of its common stock. The consulting firms were engaged to assess and make
recommendations with respect to the Company's plans to enter into a merger and
reorganization with Vianet Direct, Inc. and subsequently Tradestream Global, AG.
Five Hundred Thousand (500,000) of these shares were subsequently subject to a
stop transfer and were the subject to legal proceedings that have been settled
as described elsewhere in this report.

PURCHASES OF EQUITY SECURITIES BY THE REGISTRANT

No stock repurchases were made by Empire or affiliated purchasers in a month
within the fourth quarter of the fiscal year covered by this report.

Item 6. Selected Financial Data

Not Applicable.

                                       14
<PAGE>

Item 7. Management's discussion and analysis


FORWARD-LOOKING STATEMENTS

This management discussion and analysis of financial condition and results of
operations ("MD&A") on form 10-K includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including statements regarding
guidance, industry prospects or future results of operations or financial
position, made in this MD&A on form 10-K are forward-looking. We use words such
as anticipate, believe, expect, future, intend, plan, aim, project, estimate,
will, should, could and similar expressions to identify forward-looking
statements. Forward-looking statements reflect management's current expectations
and are inherently uncertain. Factors that could cause our future results to
differ from these expectations include general economic conditions, particularly
as they affect our ability to acquire a target business and raise sufficient
working capital and the impact of foreign exchange fluctuations, changes in
global economic conditions and consumer spending. As a result, the
identification and interpretation of data and other information and their use in
developing and selecting assumptions from and among reasonable alternatives
requires the exercise of judgment. To the extent that the assumed events do not
occur, our outcome may vary substantially from our anticipated or projected
results, and accordingly, we express no opinion on the outcome of those
forward-looking statements and give no assurance that any of the assumptions
relating to the forward-looking statements are accurate. These risks and
uncertainties, as well as other risks and uncertainties that could cause our
actual results to differ significantly from management's expectations describes
some, but not all, of the possible risk factors whether known or unkown to
management on the date of this filing.

ABILITY TO CONTINUE AS A GOING CONCERN

The Company's auditors have issued an opinion on our ability to continue as a
going concern. This means that its auditors believe there is doubt that the
Company can continue as an on-going business for the next twelve months unless
it obtains additional capital to pay its obligations. This is because the
Company has not generated any revenues and no revenues are anticipated until it
begins operations from a new business plan.

We have suffered recurring losses from operations and are in serious need of
additional financing. These factors among others indicate that we may be unable
to continue as a going concern, particularly in the event that we cannot obtain
additional financing or, in the alternative, complete a merger or acquisition.
Our continuation as a going concern depends upon our ability to generate
sufficient cash flow to conduct our operations and our ability to obtain
additional sources of capital and financing.

There is no assurance that we will be able to accomplish all or any of these
items. In the event that these events do not take place, we will in all
probability not be able to continue as a going concern.

The following discussion and analysis should be read in conjunction with the
financial statements of the Company and the accompanying notes appearing under
the caption "Financial Statements and Supplementary Data."

GENERAL

Empire was incorporated in the state of Delaware on August 26, 1998. Our
principal executive office is located in Toronto, Canada. The Company has no
business operations and has been seeking new business opportunities during the
period covered by this report.

On July 9, 2004 we acquired 100% of the shares of IMM Investments Inc. ("IMM"),
an Ontario Corporation. IMM owns 5 million shares of common stock of Armistice
Resources Corp. Warrants to purchase an additional 5 million shares expired
in August 2008. Armistice shares trade on the Toronto Stock Exchange under the
symbol AZ. The 5 million common shares and the expired 5 million common share
warrants of Armistice owned by IMM are currently held in escrow as a result of
certain legal proceedings related to events involving our former management as
described elsewhere in this report. At time of this report, it is unknown if the
Company will recover these assets.

                                       15
<PAGE>

PLAN OF OPERATION

At December 31, 2008 we had no cash and approximately $203,973 in assets.
Our cash flow requirement for the twelve-month period from January 2009 to
December 2009 was $207,122. Anticipated cash outflows are as follows:

ANTICIPATED CASH OUTFLOWS:                            Amount (USD)
                                                      ------------

General and administrative expenses:
Consulting and Wages                                  $     50,000
Accounting                                                  80,000
Legal                                                       50,000
Office and General                                           2,000
                                                      ------------
Total General and Administrative                      $    182,000

Accounts payable due                                        25,122
                                                      ============
Total                                                      207,122
                                                      ============

Empire Consolidated General and Administrative Expenses:
The general and administrative expenses projection of $182,000 is based on the
actual expenses incurred during the two most recent years. Future general and
administrative expenses are anticipated to be similar to those incurred during
these most recent years.

Empire Consolidated Current Accruals Due:
On May 5, 2008 the Company issued 2,500,000 shares for payment of debts owed by
the Company, of which to pay $175,000 of the accounts payable due at December
31, 2007 in addition the Company also issued 3,000,000 shares to pay $200,000 of
the accounts payable due at December 31, 2008. The balance of the current
accounts payable at December 31, 2008 due to various parties for services
rendered was approximately $25,122. Terms on these accruals vary but they are
all currently due on demand.

Empire Additional Working Capital:
Empire has a working capital deficit as of December 31, 2008 of $82,622.
Additional working capital is not currently assessable since the Company is
seeking business opportunities but has not entered into any arrangement or
agreement. Therefore, the amount of working capital cannot be determined, if
any, at this time.

The company plans to fund the above operations, with loans and advances from our
current management and to execute private placements with related and other
parties over the next twelve months.

CASH INFLOWS

Research and Development:
The Company's plan of operation for the subsequent twelve months is actively
seeking an acquisition or new business opportunity, finding a business partner,
or locating a qualified company as a candidate for a business combination. We
are authorized to enter into a definitive agreement with a wide variety of
businesses without limitation as to their industry or revenues. It is not
possible at this time to predict with which company, if any, we will enter into
a definitive agreement or what will be the industry, operating history,
revenues, future prospects or other characteristics of that company.

We may seek a business opportunity with entities which have recently commenced
operations, or that may wish to utilize the public marketplace in order to raise
additional capital to expand their business, to develop a new product or
service, or for other corporate purposes. We may acquire assets and establish
wholly-owned subsidiaries in various businesses or acquire existing businesses
as subsidiaries.

                                       16
<PAGE>

We are not limiting our search for business opportunities to any particular
industry; therefore, our management may not be experienced in matters relating
to the business of any such target and will rely upon its own reasonable efforts
in accomplishing our business purposes. The Company may employ outside
consultants or advisors to assist in the search for qualified target companies
in which case any outside consultants or advisors fees will need to be assumed
by the target business, as we have no cash assets with which to pay such
obligation.

In analyzing prospective business opportunities, management may consider factors
such as:

a. financial strength and quality of managerial resources;
b. history of operations, if any;
c. the available empirical and technical data;
d. the availability of audited financial statements;
e. the nature of its present business and future prospects;
f. specific risk factors associated with the proposed activities;
g. the potential for profit, growth or expansion;
h. the perceived public recognition or acceptance of products, services, or
   trades;
i. public identity; and other relevant factors.

Our Management does not have the capacity to conduct exhaustive due diligence of
a target business as might be undertaken by a venture capital fund or similar
institution. As a result, management may elect to merge with a target business
which has one or more undiscovered shortcomings and may, if given the choice to
select among target businesses, fail to enter into an agreement with the most
investment-worthy target business.

Following a business combination we may benefit from the services of others in
regard to accounting, legal services, underwritings and corporate public
relations. If requested by a target business, management may recommend one or
more underwriters, financial advisors, accountants, public relations firms or
other consultants to provide such services.

A potential target business may have an agreement with a consultant or advisor,
providing that services of the consultant or advisor be continued after any
business combination. Additionally, a target business may be presented to us
only on the condition that the services of a consultant or advisor are continued
after a merger or acquisition. Such pre-existing agreements of target businesses
for the continuation of the services of attorneys, accountants, advisors or
consultants could be a factor in the selection of a target business.

In implementing a structure for a particular business acquisition, we may become
a party to a merger, consolidation, reorganization, joint venture, or licensing
agreement with another corporation or entity. We may also acquire stock or
assets of an existing business. On the consummation of a transaction, our
present management and stockholders may no longer control the Company. In
addition, it is likely that our officers and directors will, as part of the
terms of the acquisition transaction, appoint one or more new officers and
directors.

It is anticipated that any securities issued in any such reorganization would be
issued in reliance upon an exemption from registration under applicable federal
and state securities laws. In some circumstances however, as a negotiated
element of a transaction, we may agree to register all or a part of such
securities immediately after the transaction is consummated or at specified
times thereafter. If such registration occurs, of which there can be no
assurance, it will be undertaken by the surviving entity after we have entered
into an agreement for a business combination or have consummated a business
combination. Although there can be no assurance that a market for our common
stock will develop or be sustained, the issuance of additional securities and
their potential sale into any trading market may depress the market value of our
securities in the future.

                                       17
<PAGE>

While the terms of a business transaction to which we may be a party cannot be
predicted, it is expected that the parties to the business transaction will
desire to avoid the creation of a taxable event and thereby structure the
acquisition in a tax-free reorganization under Sections 351 or 368 of the
Internal Revenue Code of 1986, as amended.

With respect to any merger or acquisition negotiations with a target business,
management expects to give specific attention to the overall dilutive effect
such a transaction would have on existing shareholders in exchange for the
target business. Any merger or acquisition effected by us may have a dilutive
effect on the percentage of shares held by our stockholders at such time,
therefore, depending upon, among other things, the target business's assets and
liabilities, our stockholders will in all likelihood hold a lesser percentage
ownership interest in Empire.

No assurances can be given that we will be able to enter into a business
combination, as to the terms of a business combination, or as to the nature of
the target business.

As of the date of this report, management has not made any final decision
concerning or entered into any written agreements for a business combination.
When any such agreement is reached or other material fact occurs, the Company
will file notice of such agreement or fact with the Securities and Exchange
Commission on form 8-K. Readers of this Annual Report are encouraged to refer to
our filings with the SEC to determine if we have subsequently filed a form 8-K.

We anticipate that the selection of a business opportunity in which to
participate will be complex and without certainty of success. Management
believes (but has not conducted any research to confirm) as previously described
in this report that there are numerous firms in various industries seeking the
perceived benefits of a publicly registered corporation. Such perceived benefits
may include facilitating or improving the terms on which additional equity
financing may be sought, providing liquidity for incentive stock options or
similar benefits to key employees, increasing the opportunity to use securities
for acquisitions, and providing liquidity for our stockholders and other
factors. Business opportunities may be available in many different industries
and at various stages of development, all of which will make the task of
comparative investigation and analysis of such business opportunities extremely
difficult and complex. We can provide no assurance that we will be able to
locate compatible business opportunities.

OPERATIONS REVIEW

We have no cash to satisfy our working capital needs for the next year,
therefore, over the subsequent twelve months we plan to seek new business
opportunities. We anticipate funding our working capital needs through the
issuance of common stock to independent contractors, the equity capital markets,
private advances and loans. Although the foregoing actions are expected to cover
our anticipated cash needs for working capital and capital expenditures for at
least the subsequent twelve months, no assurance can be given that we will be
able to raise sufficient funds to meet our cash requirements.

We are not currently conducting and do not anticipate conducting any research
and development activities in the foreseeable future. If we enter into a new
business opportunity, we may be required to hire additional employees,
independent contractors as well as purchase or lease additional equipment.

We anticipate continuing to rely on equity sales of common shares or the
issuance of convertible debt to fund our operations and to seek out or enter
into new business opportunities. The issuance of any additional shares will
result in dilution to our existing shareholders.

RELATED PARTY TRANSACTIONS

The amount due to related parties at December 31, 2008, is $77,500. None of the
amounts due to related parties bear interest, have any fixed terms of repayment
or are secured.

Subsequent to the period covered by this report, the Company received an
additional $40,000 in advances from a related party to pay for auditing fees.

                                       18
<PAGE>

COMPARISONS FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

Overall Results of Operations
The historical financial information about the Company upon which to base an
evaluation of our performance has been interrupted by a number of failed
business ventures.  Accordingly, comparisons with prior periods are not
meaningful. As described in Note 3(b) to the Consolidated Financial Statements
presentation of certain prior period amounts have been reclassified to segregate
discontinued operations from continuing operations so that both years are
comparative.

The Company is subject to risks inherent in the establishment of a new business
enterprise, including limited capital resources, possible delays in the decision
and implementation of a new business plan.

Revenues
The Company has no revenues for the period covered by this report. We do not
expect to generate any revenue, unless we are able to merge with a revenue
producing business.

Expenses
General and administrative expenses representing the bulk of our net operating
results decreased approximately 37% from $207,118 to $129,544 in 2008. During
the year ended December 31, 2007, the Company also incurred expenses related to
a legal claim of $25,000 as well as losses of $251,940 associated with
discontinued operations the details of which are described in Note 7 to the
Consolidated Financial Statements and elsewhere in this report.

During 2008, we issued 2,500,000 shares of common stock to eliminate recorded
expenses of $175,000 at December 31, 2007 and 3,000,000 shares to eliminate
$200,000 of recorded expenses for the year ended December 31, 2008. During the
subsequent twelve month period our operating costs are expected to decrease due
to the limited scope of work and expenses are anticipated to be incurred for
continued legal proceedings and active pursuit of a new business venture.

Net Income/Loss
For the year ended December 31, 2008, we had a net loss from operations of
$754,493 or $0.04 net loss per share which was an increase of $522,375 in net
loss from our net loss of $232,118 or a $0.03 net loss per share for the
year ended December 31, 2007. The increase is due to an impairment loss on our
investment in Armistice of $624,939 in addition to $129,554 in general and
administrative expenses. The Net loss of $484,058 recorded for the year ended
December 31, 2007 included loss from discontinued operations of $251,940
incurred during the fourth quarter in the fiscal year 2007 resulting from the
discontinuation and subsequent rescission of 501 Canada Inc. and Excel Empire
Limited which were reported as discontinued operations.

Assets and Liabilities

Assets
At December 31, 2008 we had no cash and our total assets were $203,973 compared
to no cash and total assets of $996,393 at December 31, 2007.

Liabilities
Our current liabilities at December 31, 2008 were $102,622 versus $158,621 in
2007. These liabilities are primarily accounts payable and advances from related
parties.

The decrease is a result of stock based payments made to independent contractors
to reduce accounts payable as described elsewhere in this report.


                                       19
<PAGE>

Results of discontinued operations
As described elsewhere in this report the Company discontinued the operations of
our wholly owned subsidiary EGAC, and abandoned the venture to acquire Excel
Empire Limited.

As a result of the work involved in resolving the terms of the Excel Agreement
as well as settling legal proceedings against the company in 2007, the company
incurred significant losses due to discontinued operations. Specifically, during
the period January 1, 2007 to December 31, 2007 in connection with the
discontinuance of the Excel Empire venture, we incurred losses of $251,940 an
explanation of which is provided in detail in Note 7 to the Consolidated
Financial Statements. In addition the Company had $180,888 in cash used in
operating activities of discontinued operations.

Liquidity and capital resources

The Company had no cash balance at December 31, 2008 or 2007. The notes to our
consolidated financial statements as of December 31, 2008, contain footnote
disclosure regarding our uncertain ability to continue as a going concern. We
have no revenues to cover our expenses, and we have an accumulated deficit of
$4,766,625. As of December 31, 2008, we had $102,622 in current liabilities,
when this is offset against our current assets of $20,000 we are left with a
working capital deficit of $82,622 and as such we cannot assure that we will
succeed in achieving a profitable level of operations sufficient to meet our
ongoing cash needs or in locating a viable business opportunity.

We have not generated revenues from operations, consequently, we have been
dependent upon cash advances from related or other parties and private investors
as well as the issuance of our common stock to fund our cash requirements.
Specifically, we issued 5,878,900 shares and 3,000,000 shares of common stock
for debt due to a number of independent contractors on December 31, 2007 and
December 31, 2008 respectively. The contractors submitted invoices for time
and out of pocket expenses.

No trends have been identified which would materially increase or decrease our
results of operations or liquidity. We will need to raise significant additional
operating capital to finance our operations and to acquire sources of operating
revenues. Due to our poor financial condition, raising capital will be very
difficult and expensive. The Company will seek funds from possible strategic and
joint venture partners and financing to cover any short term operating deficits
and provide for long term working capital. No assurances can be given that the
Company will successfully engage strategic or joint venture partners or
otherwise obtain sufficient financing through the sale of equity.

                                       20
<PAGE>

Below is a discussion of our sources and uses of funds for the year ended
December 31, 2008.

CASH FLOWS

Prior period amounts have been reclassified to segregate cash flows from
discontinued operations versus cash flows from continuing operations.

Net Cash Used In Operating Activities
Our net cash used in operating activities was $20,000 during the year ended
December 31, 2008 versus $353,528 in 2007. The company took an impairment loss
of $624,939 in our investment in Armistice while accounts payable decreased by
$75,999 and prepaid assets increased by $17,652, non-cash adjustments included
an in-kind contribution of $2,058, stock based payments of $200,000 while our
net loss arises primarily from business administration, consulting and
professional fees.

Net Cash Used In Investing Activities
There were no investing activities in 2008 or 2007.

Net Cash Provided By Financing Activities
Our financing activities in 2008 were limited to an advance from a related party
of $20,000 versus $25,000 during the year ended December 31, 2007.

OFF BALANCE-SHEET ARRANGEMENTS

We have no off-balance sheet arrangements and no non-consolidated,
special-purpose entities.

INCOME TAXES

Note 8 of the financial statements included in this report sets out our deferred
tax assets as of December 31, 2008 and 2007. We have established a 100%
valuation allowance, as we believe it is more likely than not that the deferred
tax assets will not be realized.

We based the establishment of a 100% valuation allowance against our deferred
tax assets on our current operating results. If our operating results improve
significantly, we may have to record our deferred taxes in our consolidated
financial statements, which could have a material impact on our financial
results.

CONTINGENCIES AND COMMITMENTS

See Note 11 of Notes to Consolidated Financial Statements for a detailed
explanation of our contingencies. We had no long-term commitments at December
31, 2008.

CONTRACTUAL OBLIGATIONS

We had no contractual obligations at December 31, 2008.

                                       21
<PAGE>

INTERNAL AND EXTERNAL SOURCES OF LIQUIDITY

We have funded our operations primarily through cash injections from related and
other parties.

IMPACT OF INFLATION

We do not believe that general price inflation will have a material effect on
the Company's business in the near future.

FOREIGN EXCHANGE

Other than for revenues from dividends if earned from assets owned by IMM in
Canada, all other transactions involving the Company are generally denominated
in U.S. dollars. For additional details see also Note 3(k) of Notes to
Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

See Note 3(o) "Recently Accounting Pronouncements" of Notes to Consolidated
Financial Statements.

EVENTS SUBSEQUENT TO THE BALANCE SHEET DATE

None.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk.

Empire is a smaller reporting company as defined by Rule 12b-2 of the Exchange
Act and is not required to provide the information required under this item.


                                       22
<PAGE>

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

                             EMPIRE GLOBAL CORP.
                    (FORMERLY TRADESTREAM GLOBAL CORP.)

                     CONSOLIDATED FINANCIAL STATEMENTS
                  YEARS ENDED DECEMBER 31, 2008 and 2007

CONTENTS


Report of Independent Registered Public Accounting Firm                     F-2

Consolidated Balance Sheets                                                 F-3

Consolidated Statements of Operations and Comprehensive Loss                F-4

Consolidated Statements of Changes in Stockholders' Equity                  F-5

Consolidated Statements of Cash Flows                                       F-6

Notes to Consolidated Financial Statements                            F-7 - F-16




                                    - F1 -
<PAGE>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of
Empire Global Corp.

We have audited the accompanying consolidated balance sheets of Empire Global
Corp, formerly Tradestream Global Corp. ("the Company"), and subsidiary as of
December 31, 2008 and 2007 and the related statements of operations and
comprehensive loss, changes in stockholder's equity, and cash flows for the
years then ended. These consolidated financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on
these consolidated financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatements. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements present fairly, in all
material respects, the financial position of the Company as of December 31, 2008
and 2007 and the results of its operations and its cash flows for the years
then ended in conformity with accounting principles generally accepted in the
United States of America.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 2, the
Company has incurred significant losses from operations since its inception and
has incurred a net loss, which substantially exceeds its working capital and has
not yet established any source of revenues. These conditions raise substantial
doubt about the Company's ability to continue as a going concern. Management's
plans in regard to these matters are described in Note 2. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.

/s/ Bernstein & Pinchuk LLP

New York, New York
December 4, 2009

                                    - F2 -



                           EMPIRE GLOBAL CORP.
                  (FORMERLY TRADESTREAM GLOBAL CORP.)
                       Consolidated Balance Sheets

                                                      Years ended December 31,
                                                           2008           2007
                                                   ------------   ------------
                                                            US$            US$

          ASSETS

Current Assets
  Pre-paid and sundry assets                             20,000          2,348
                                                   ------------   ------------

Total Current Assets                                     20,000          2,348

  Property and equipment, net                             4,581          5,729
  Investment in Armistice Resources Corp., net of
  of impairment                                         177,985        986,589
  Organization Cost                                       1,406          1,727
                                                   ------------   ------------

                                                        203,973        996,393
                                                   ============   ============

          LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable and accrued liabilities              25,122        101,121
   Advances from related parties                         77,500         57,500
                                                   ------------   ------------

Total Current Liabilities                               102,622        158,621

Commitments and Contingencies                                 -              -

Stockholders' Equity
  Preferred Stock, $0.0001 par value, 20,000,000
     shares authorized, none issued and outstanding           -              -
  Capital Stock, $0.0001 par value, 80,000,000
     shares authorized, shares issued and outstanding
     18,675,800 (2008) and 15,675,800 (2007)              1,868          1,568
  Additional - paid in capital                        4,902,455      4,700,696
  Accumulated other comprehensive income                (36,347)       147,640
  Deficit                                            (4,766,625)    (4,012,132)
                                                   ------------   ------------
Total Stockholders' Equity                              101,351        837,772
                                                   ------------   ------------

                                                        203,973        996,393
                                                   ============   ============

                See notes to consolidated financial statements

                                    - F3 -
<PAGE>


                           EMPIRE GLOBAL CORP.
                  (FORMERLY TRADESTREAM GLOBAL CORP.)
      Consolidated Statements of Operations and Comprehensive Loss

                                                      Years ended December 31,
                                                           2008           2007
                                                   ------------   ------------
                                                            US$            US$

Revenue                                                       -              -

General and administrative expenses                     129,554        207,118
                                                   ------------   ------------

Other expense
  Legal Claim Settlement Costs                                -         25,000
                                                   ------------   ------------

Loss from continuing operations before other
 income(loss) and income taxes                         (129,554)      (232,118)

Other Income/(Loss)(continuing operation)
  Impairment of investment in Armistice Resources
  Corp.                                                (624,939)             -
                                                   ------------   ------------
Loss before income taxes                               (754,493)      (232,118)

Income taxes                                                  -              -
                                                   ------------   ------------
Loss from continuing operations                        (754,493)      (232,118)

General and Administrative expenses of
  discontinued operations                                     -       (251,940)
                                                   ------------   ------------
Loss from discontinued operations                             -       (251,940)
                                                   ------------   ------------
Net Loss                                               (754,493)      (484,058)

Other Comprehensive Income(loss)

Foreign currency translation adjustment                (183,987)       147,640
                                                   ------------   ------------

Comprehensive Loss                                     (938,480)      (336,418)
                                                   ============   ============

Loss per common share - basic and fully diluted
  - continuing operations                                 (0.04)         (0.03)
  - discontinued operations                                   -          (0.03)
Total loss per common share - basic and fully diluted     (0.01)         (0.05)
                                                   ============   ============
Basic and fully diluted weighted average number of
  shares outstanding                                 17,643,011      9,261,486


                See notes to consolidated financial statements

                                    - F4 -
<PAGE>
<TABLE>
<CAPTION>
                                                      EMPIRE GLOBAL CORP.
                                            (FORMERLY TRADESTREAM GLOBAL CORP.)
                                Consolidated Statements of Changes in Stockholders' Equity



                                                                                Accumulated
                                                       Common    Additional           Other                         Total
                                                        Stock       Paid-In   Comprehensive   Accumulated   Stockholders'
                                         Shares     Par Value       Capital          Income       Deficit          Equity
                                    -------------------------------------------------------------------------------------
<S>                                 <c>     US$   <c>     US$   <c>     US$   <c>       US$   <c>     US$   <c>       US$

Balance at January 1, 2007            9,796,900           980     4,119,216               -    (3,528,074)        592,122


Foreign currency
 translation adjustment                                     -             -         147,640             -         147,640
Shares issued for debt                3,378,900           338       405,130               -             -         405,468
Shares issued for debt                2,500,000           250       174,750               -             -         175,000
In-kind contribution                                        -         1,600               -             -           1,600
Net loss                                                    -             -               -      (484,058)       (484,058)
                                    -------------------------------------------------------------------------------------
Balance
December 31, 2007                    15,675,800         1,568     4,700,696         147,640    (4,012,132)        837,772


Foreign currency
 translation adjustment                                     -             -        (183,987)            -        (183,987)
Shares issued for debt                3,000,000           300       199,700               -             -         200,000
In-kind contribution                                        -         2,059               -             -           2,059
Net loss                                                    -             -               -      (754,493)       (754,493)
                                    -------------------------------------------------------------------------------------
Balance
December 31, 2008                    18,675,800         1,868     4,902,455         (36,347)   (4,766,625)        101,351
                                    =====================================================================================

</TABLE>

                See notes to consolidated financial statements

                                    - F5 -
<PAGE>

                           EMPIRE GLOBAL CORP.
                  (FORMERLY TRADESTREAM GLOBAL CORP.)
                 Consolidated Statements of Cash Flows

                                                      Years ended December 31,
                                                           2008           2007
                                                   ------------   ------------
                                                            US$            US$

Cash Flows from Operating Activities
   Net loss                                            (754,493)      (484,058)
Adjustments to reconcile net loss to
       net cash used in operating activities
   Depreciation and amortization                          1,149          1,434
   In-kind contribution                                   2,058          1,600
   Loss on discontinued operations                            -        251,940
   Impairment loss                                      624,939              -

Changes in operating assets and liabilities
   Accounts payable and accrued liabilities             124,000       (223,529)
   Prepaid and sundry assets                            (17,653)        99,085
                                                   ------------   ------------

Net cash used in continuing operating activities        (20,000)      (353,528)
                                                   ------------   ------------
Cash Flow from Discontinued Operations                        -        180,888
                                                   ------------   ------------

Cash Flows from Financing Activities
   Advances from related parties                         20,000         25,000
                                                   ------------   ------------
Net cash provided by financing activities                20,000         25,000
                                                   ------------   ------------

Effect of foreign exchange fluctuation in cash                -        147,640

Net increase/(decrease) in cash and cash equivalents          -              -

Cash and cash equivalents - beginning of year                 -              -
                                                   ------------   ------------
Cash and cash equivalents - end of year                       -              -
                                                   ============   ============

Supplemental disclosure of cash flow information:

Cash paid during the year for:
Interest paid                                                 -              -
                                                   ============   ============
Income taxes paid                                             -              -
                                                   ============   ============

Supplemental items not affecting cash:

   Common Stock issued for debt                         200,000        580,468
                                                   ------------   ------------


                See notes to consolidated financial statements

                                    - F6 -

<PAGE>

                           EMPIRE GLOBAL CORP.
                  (FORMERLY TRADESTREAM GLOBAL CORP.)
               Notes to Consolidated Financial Statements


1. Nature of Business and Operations

Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of
Delaware on August 26, 1998 as Pender International Inc. In 2005, the Company
changed its name to Vianet Technologies Group Ltd. and subsequently to
Tradestream Global Corp. On September 30, 2005 contemporaneously with a change
in management and business plan changed its name to Empire Global Corp. The
Company's principal executive offices are headquartered in Toronto, Canada.

In June 2004, the Company acquired IMM Investments Inc. an Ontario Corporation
in exchange for 210,000 (21 million pre-reverse stock splits) shares of the
Company paid to the former shareholder of IMM thereby making IMM a wholly owned
subsidiary. As a result, the Company has an interest in Armistice Resources
Corp. and is actively seeking new business opportunities.

2. Going Concern

These consolidated financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America with
the assumption that the Company will be able to realize its assets and discharge
its liabilities in the normal course of business.

The Company has incurred losses amounting to $4,766,625 since inception. We have
no cash and we anticipate cash outflows of $207,122 during the year ended
December 31, 2009. Continuation as a going concern is uncertain and dependant
upon obtaining additional sources of financing to sustain its existence and
achieving future profitable operations, the outcome of which cannot be predicted
at this time. In the event the Company cannot obtain the necessary funds, it
will be unlikely that the Company will be able to continue as a going concern.
Management plans to mitigate its losses in future years by significantly
reducing its operating expenses and seeking out new business opportunities.
However, there is no assurance that the Company will be able to obtain
additional financing, reduce their operating expenses or be successful in
locating or acquiring a viable business.

The consolidated financial statements do not include any adjustments to reflect
the possible future effects on the recoverability and classification of assets
or the amounts and classification of liabilities that may result from the
possible inability of the Company to continue as a going concern.

                                    - F7 -
<PAGE>

3. Summary of Significant Accounting Policies

a) Basis of Financial Statement Presentation

These consolidated financial statements include the accounts of the Company, IMM
Investments Inc. a wholly owned subsidiary, and Montebello Developments Corp.,
an inactive wholly owned subsidiary.

The weighted average and loss per share have been reclassified for each period
to reflect cancellation of the shares issued to shareholders of the subsidiary
at acquisition.

b) Reclassifications

Certain prior period amounts in the accompanying consolidated financial
statements have been reclassified to conform to the current period's
presentation. These reclassifications had no effect on the consolidated results
of operations or financial position for any period presented.

c) Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and cash deposited with
financial institutions, including money market accounts, and commercial paper
purchased with an original maturity of three months or less.

d) Use of Estimates

In preparing the Company's financial statements, management is required to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosures of contingent assets and liabilities at the date
of the financial statements, and the reported amounts of revenue and expenses
during the reporting periods. Actual results could differ from those estimates.

e) Equipment and Depreciation

Equipment is stated at cost less accumulated depreciation. Depreciation, based
on the estimated useful lives of the assets, is provided annually as follows:

     Equipment          20%          Declining Balance

                                    - F8 -
<PAGE>

f) Organization Costs

Organization costs are recorded at cost and is not amortized as its life is
deemed to be indefinite. The cost is tested annually for impairment in
accordance with SFAS No. 142, "Goodwill and Other Intangible Assets". The
impairment test consists of comparing the fair value of the incorporation cost
with its carrying amount. If the carrying amount exceeds the fair value, an
impairment loss is recognized in an amount equal to the excess. As of December
31, 2008 and 2007, no impairment losses related to these items have been
identified.

g) Income Taxes

The Company accounts for income taxes pursuant to SFAS No. 109, "Accounting for
Income Taxes". Deferred tax assets and liabilities are recorded for differences
between the financial statement and tax basis of the assets and liabilities that
will result in taxable or deductible amounts in the future based on enacted tax
laws and rates. Valuation allowances are established when necessary to reduce
deferred tax assets to the amount expected to be realized. Income tax expense is
recorded for the amount of income tax payable or refundable for the period
increased or decreased by the change in deferred tax assets and liabilities
during the period.

h) Impairment of Long Lived Assets

In accordance with SFAS No. 144, "Accounting for the Impairment or Disposal of
Long Lived Assets", long lived assets to be held and used are analyzed for
impairment whenever events or changes in circumstances indicate that the related
carrying amounts may not be recoverable. The Company evaluates at each balance
sheet date whether events and circumstances have occurred that indicate possible
impairment. If there are indications of impairment, the Company uses future
undiscounted cash flows of the related asset or asset grouping over the
remaining life in measuring whether the assets are recoverable. In the event
such cash flows are not expected to be sufficient to recover the recorded asset
values, the assets are written down to their estimated fair value. Long lived
assets to be disposed of are reported at the lower of carrying amount or fair
value of asset less cost to sell.


                                    - F9 -
<PAGE>

i) Fair Value of Financial Instruments

The carrying value of the Company's short term investments, prepaid and sundry
assets, accounts payable and accrued charges, and advances from shareholder
approximate fair value because of the short term maturity of these financial
instruments.

j) Stock Based Payments

The Company accounts for Stock Based Payments in accordance with the Financial
Accounting Standards Board (FASB) issued Statement of Financial Accounting
Standards (SFAS) No. 123(R), Share Based Payment (SFAS 123(R)), which requires
recording expense for stock compensation based on a fair value based method.

The Company has no outstanding options or warrants at December 31, 2008.

k) Foreign Currency Translation

The Company accounts for foreign currency translation pursuant to SFAS No. 52,
"Foreign Currency Translation". The functional and reporting currency of the
Company is the U.S. dollar ("US$"), while the functional and reporting currency
for IMM Investments Inc., a wholly-owned Canadian subsidiary, is the Canadian
dollar. Although IMM has no operations, it owns shares of Armistice Resources
Corp. a Canadian mining company. The purchase price and shares of Armistice are
valued in Canadian dollars. Accordingly, the Company is exposed to foreign
currency translation gains or losses as the relationship between the Canadian
dollar and United States dollar fluctuates. Increases in the value of the
Canadian dollar against the U.S. dollar will result in foreign exchange
transaction gains and decreases in the value of the Canadian dollar will result
in foreign exchange transaction losses. The items which are subject to
translation adjustments were the investment in Armistice Resources Corp. and
organization cost.

Assets and liabilities are translated into United States dollars using the
current exchange rate, while revenues and expenses are translated using the
average exchange rates prevailing throughout the year. Translation adjustments
are included in other comprehensive income for the period.

All remaining expenses where incurred in US Dollars.

l) Comprehensive Income

The Company adopted SFAS No. 130, "Reporting Comprehensive Income.", SFAS
No. 130 establishes standards for reporting and presentation of comprehensive
income and its components in a full set of financial statements. Comprehensive
income is presented in the statements of operations, and consists of net income
and unrealized gains (losses) on available for sale marketable securities;
foreign currency translation adjustments and changes in market value of future
contracts that qualify as a hedge; and negative equity adjustments recognized in
accordance with SFAS 87. SFAS No. 130 requires only additional disclosures in
the financial statements and does not affect the Company's results of
operations.

                                    - F10 -
<PAGE>

m) Loss Per Share

Net loss per share is provided in accordance with Statement of Financial
Accounting Standards No. 128 (SFAS No.128) "Earnings Per Share". Basic loss per
share is computed by dividing losses available to common stockholders by the
weighted average number of common shares outstanding during the period. As of
December 31, 2008 and 2007, the Company had no dilutive common stock
equivalents, such as stock options or warrants.

n) Concentration of Credit Risk

SFAS No. 105, "Disclosure of Information About Financial Instruments with Off
Balance Sheet Risk and Financial Instruments with Concentration of Credit Risk",
requires disclosure of any significant off balance sheet risk and credit risk
concentration. The Company believes it does not have significant off balance
sheet risk or credit concentration.

o) Recent Accounting Pronouncements

In March 2008, the FASB issued SFAS No. 161 (SFAS 161), Disclosures about
Derivative Instruments and Hedging Activities - An Amendment of FASB Statement
No. 133 (SFAS 133). This statement is intended to improve financial reporting of
derivative instruments and hedging activities by requiring enhanced disclosures
about (a) how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under SFAS 133 and its
related interpretations and (c) how derivative instruments and related hedged
items affect an entity's financial position, financial performance and cash
flows. The provisions of SFAS 161 are effective for fiscal years beginning after
November 15, 2008. This statement was effective for us on January 1, 2009. Early
adoption of this provision was prohibited. The adoption of this statement did
not have a material impact on our financial statements.

In April 2008, the FASB issued FSP No. 142-3, Determination of the Useful Life
of Intangible Assets (FSP 142-3). FSP 142-3 amends the factors to be considered
in developing renewal or extension assumptions used to determine the useful life
of intangible assets under SFAS No. 142, Goodwill and Other Intangible Assets.
Its intent is to improve the consistency between the useful life of an
intangible asset and the period of expected cash flows used to measure its fair
value. This FSP is effective prospectively for intangible assets acquired or
renewed after January 1, 2009. The adoption of FSP 142-3 did not have a material
impact on our financial statements.

p) Investment in Armistice Resources Corp.

The investment in Armistice Resources Corp. consists of 5,000,000 shares of that
Company and was stated at cost at December 31, 2006. These shares are currently
in escrow and accordingly are considered neither trading nor available for sale.
The terms of escrow contain an undertaking with respect to respondents named in
allegations of the Ontario Securities Commission (Commission) action described
in Note 11 (2) found elsewhere in this report as follows: that (a) none of the
respondents will be appointed an officer or director of Armistice (Corporation);
(b) until the Commission's investigations relating to the allegations against
the Respondents is complete IMM will not nominate any individual to the board of
directors without the consent of the TSX; (c) IMM will execute an amendment to
an escrow agreement providing that its securities being held in escrow cannot be
voted without the consent of the TSX (which amendment was executed by IMM on
June 5, 2006); (d) none of the respondents will participate in future financings
of the Corporation until the Commission has completed its investigation; and
(e) until the Commission's investigation is complete, if any derogatory
information is found on any officer or director of the Corporation, the TSX may
require the resignation of any of these individuals if deemed unacceptable to
the TSX.

As explained in Note 4 below due to risks inherent with the terms of the
aforementioned escrow the company believes that our ability to realize these
assets are impaired.

                                    - F11 -
<PAGE>

4. Impairment of Investment in Armistice Resources Corp.

The Company tests its investment in Armistice for recoverability
(FASB ASC 360-10-35-21, formerly SFAS 144, par. 8) if events or changes in,
circumstances, such as the following, indicate that its carrying amount may not
be fully recoverable:

 a. Significant decrease in the asset's market price
 b. Significant adverse change in the asset's use or in its physical condition
 c. Significant adverse changes in legal factors or business climate, including
    an adverse action or assessment by a regulator
 d. Costs to acquire or construct an asset that significantly exceed original
    expectations
 e. Current-period operations or cash flow loss combined with a history of
    operations or cash flow losses or a projection or forecast showing
    continuing losses associated with an asset
 f. A current expectation that it is more likely than not (greater than 50
    percent likelihood) that a long-lived asset will be sold or disposed of
    significantly before the end of its previously estimated useful life.

On July 9, 2004, the Company acquired IMM Investment Inc. an Ontario Corporation
that owns 5,000,000 shares of Armistice Resources Corp. The carrying amount of
IMM was based on the purchase price of $630,000 paid in stock of the Company in
exchange for the net assets of IMM of $1,479,173 which included the fair value
of the investment in Armistice and organization costs less liabilities resulting
in negative goodwill of $849,173. The purchase price of the shares of Armistice
was $0.40 Canadian per share.

Through December 31, 2008, our investment in Armistice was considered neither
trading nor available for sale and was recorded at cost and included in long
term assets, with unrealized gains and losses recognized as accumulated other
comprehensive income (loss). On December 31, 2008 shares in Armistice had a
quoted market value of $0.21 Canadian per share.

During the fourth quarter of 2008, we determined that due to the terms of escrow
agreement described in 3(p) and the estimated legal costs to recover the shares
of Armistice as well as selling costs, it is more likely than not that the
assets of IMM would be disposed of significantly before its previously estimated
useful life. As a result, at December 31, 2008 the Company performed an
impairment test and determined that an impairment of the value of our investment
in Armistice is reasonable as follows:

Fair value of Armistice determined at the quoted market price of Armistice in
Canadian dollars on the Toronto Stock Exchange:

  Market value of Armistice at purchase
       (5,00,000 shares at CDN $0.40/sh):                $ 1,486,989
  Market value of Armistice on December 31, 2008
       (5,000,000 shares at CDN $0.06/sh):               $   203,050

  Decrease in fair value of Armistice since purchase:   ($ 1,283,495)


                                    Years ended December 31,  Valuation decrease
                                           2008        2007  Other Comprehensive
                                                                          Income
                                    ----------- -----------          -----------

Investment in Armistice at cost        $802,924    $986,589             $183,665
                                      ---------   ---------            ---------
Decrease in value of Armistice at cost                                  $183,665
                                                                       ---------
Impairment of Armistice                $624,939
                                      ---------

Investment in Armistice net
  of impairment                        $177,985
                                      =========

Other comprehensive loss also included $322 from other sources.


                                    - F12 -
<PAGE>

5. Equipment

Equipment at December 31, 2008 and 2007 consists of the following:

                                                              2008         2007
                                                        ----------   ----------
Telephone system                                        $   11,192   $   11,192
Less accumulated depreciation                                6,611        5,463
                                                        ----------   ----------
                                                        $    4,581   $    5,729
                                                        ==========   ==========


6. Advances from Related Party

Advances due from related parties are non-interest bearing and are due on
demand. Advances from related parties as of December 31, 2008 and 2007 are as
follows:

                                                              2008         2007
                                                        ----------   ----------
Prosper Consulting                                      $   40,000   $   40,000
Gold Street Capital                                         17,500       17,500
Braydon Capital Corp.                                       20,000            -
                                                        ----------   ----------
Total Advances from Related Parties:                    $   77,500   $   57,500
                                                        ==========   ==========

7. Expenses of discontinued operations

During the fourth quarter of the year ended December 31, 2007, the company
incurred expenses for services related to discontinued operations in the year
ended December 31, 2006.

Expenses incurred as a result of discontinued operations were recorded as
follows:

                                                         Year ended December 31,
                                                                           2007
                                                                     ----------
Consulting and business development                                     251,940
                                                                     ----------
Net loss from discontinued operations                              $    251,940
                                                                   ============


                                    - F13 -
<PAGE>


8. Income Taxes

Under SFAS No. 109 income taxes are recognized for the following: a) amount of
tax payable for the current year, and b) deferred tax liabilities and assets for
future tax consequences of events that have been recognized differently in the
financial statements than for tax purposes.

For 2008 the deferred tax of approximately $51,000 compared to $81,000 for 2007,
(35% of net loss from operations excluding impairment loss) was offset by a
valuation allowance of $51,000 and $81,000 resulting in a net income tax of zero
for 2008 and 2007 respectively.

The Company has tax losses available to be applied against future years income
taxable in the United States of America. Due to the losses incurred in the
current year and expected future operating results, management determined that
it is more likely than not that the deferred tax asset resulting from the tax
losses available for carryforward will not be realized through the reduction of
future income tax payments. Accordingly a 100% valuation allowance has been
recorded for deferred income tax assets as follows:

At December 31, 2008 the Company had deferred tax assets of approximately
$130,000 and $232,000 for 2007 due to net operating loss carryforwards available
to reduce future Federal income taxes earned in the United States. A 100%
valuation allowance of approximately $37,000 and $66,300 for 2008 and 2007
respectively has been established since management believes it is
more likely than not that the deferred tax assets will not be realized.

Federal and state net operating loss (NOL) carryovers available to offset future
taxable income, such carryovers expire through December 31, 2028 and
December 31, 2018, respectively.

NOL's incurred are subject to limitation due to any ownership change (as defined
under Section 382 of the Internal Revenue Code of 1986) which resulted in a
change in business direction. Unused limitations may be carried over to future
years until the net operating losses expire. Utilization of net operating losses
may also be limited in any one year by alternative minimum tax rules.


                                    - F14 -
<PAGE>

9. Reclassifications

Certain items in the prior year have been reclassified to conform to current
year presentation.

10. Share based payments and Shareholder Equity

1. On November 5, 2007, at a properly convened board meeting held at our head
   office in Toronto, our board members authorized the issuance of 3,378,900
   restricted shares with a total value of $405,468 to independent contractors
   in exchange for cancellation of debt owed respectively to each contractor for
   services rendered to the Company for the period covering July 2006 through
   September 2007. The shares were priced at $0.1275 per share or 85% of the
   average closing bid price of the common shares of the Empire Global Corp.
   over a period of 60 days preceding the final day of the billing period.

   Of the 3,378,900 shares issued on November 5, 2007 a total of 2,061,138
   shares were allocated to extinguish accounts payable in the amount of
   $247,337 for the period ended December 31, 2006.

   During 2007, our director of operations provided in-kind contributions of
   $1,600 to pay for expenses related to general office expenses comprised of
   the following:

   Transfer agent fees                                     $ 1,600
                                                           =======

2. On May 5, 2008 at a meeting of the Board of directors, the board resolved to
   issue 2,500,000 restricted shares of common stock for a value of $175,000
   with an effective date of December 31, 2007 to independent contractors in
   exchange for cancellation of debt owed respectively to each contractor for
   services rendered to the Company for the period ended December 31, 2007.

   Also, on the same day the board resolved to issue 3,000,000 restricted shares
   of common stock to pay independant contractors for administrative services
   and work performed in preparing our financial reports, therefore, the
   3,000,000 shares with a value of $200,000 were used to pay independent
   contractors in exchange for cancellation of debt owed respectively to each
   contractor for services rendered to the Company for the period ended
   December 31, 2008.

   During 2008, our director of operations provided in-kind contributions of
   $2,059 to pay for expenses related to general office expenses comprised of
   the following:

   Transfer agent fees                                     $ 2,059
                                                           =======


                                    - F15 -
<PAGE>


11. Commitments and Contingencies

The Company is subject to claims arising in the ordinary course of business. The
Company and Management believe that, after consultation with counsel, the
allegations against the Company included in the claims described below are
subject to substantial legal defences, and the Company is vigorously defending
each of the allegations. At this time, it is not possible to estimate the
ultimate loss or gain, if any, related to these claims, nor if any such loss
will have a material adverse effect on the Company's results of operations or
financial position.

1  On November 1, 2005, the Company was served with a Statement of Claim filed
   in the Ontario Superior Court of Justice by Advanced Refractive Technologies
   Inc. ("Advanced") claiming $6,000,000 in aggregate damages plus unspecified
   amounts against 16 co-respondents including the Company for unknown loses
   claimed by Advanced in its dealings with an unknown and unrelated entity or
   person (the "unrelated entity"). Advanced alleges that this unrelated entity,
   in a private transaction with Advanced, may have promised to exchange shares
   of the Company that the unrelated entity had claimed to have owned. The
   Company has never been a party to any dealings with Advanced and prior to
   receiving notice from Advanced had never heard of Advanced. The Company
   denies any wrongdoing and is vigorously defending this claim. Because of the
   uncertainties inherent in litigation, the company cannot predict whether the
   outcome which remains unresolved will have a material adverse affect. The
   Company is unrepresented by legal counsel in this matter.

2. On December 10, 2004, the Ontario Securities Commission ("OSC") served upon
   the former President and C.E.O. of the Company (the "former executive"), and
   companies controlled by the former executive, as well as a shareholder of the
   Company related to the father of our former Chairman Kalson Jang and an
   unrelated party collectively the "respondents" an order to cease trading in
   shares of the Company formerly known as Pender International, Inc.
   ("Pender"). The allegations stated among other things that Armistice was a
   worthless, flooded mine and that there was no basis for the increase in the
   share price of the Company. On September 26, 2006 the Royal Canadian Mounted
   Police ("RCMP") charged our former executive. Our former executive has denied
   the allegations and has consented to a committal to trial as described in
   Legal Matters found elsewhere in this report. Our former executive and the
   Company have been complying with orders imposed by the OSC and cooperating
   with informal inquiries made by the United States Securities and Exchange
   Commission ("SEC").

3. On September 9, 2005, the Company was served with a Statement of Claim filed
   in the Ontario Superior Court of Justice by Research Capital Corporation
   ("Research") a broker/dealer in Ontario claiming $100,000 in aggregate
   damages plus interest and costs against 4 co-respondents including the
   Company and a former consultant engaged by the Company. Our director of
   operations, Michael Ciavarella, who is not a solicitor, was granted leave by
   the court to represent the Company. On November 26, 2007, the Company and
   Research entered into a Settlement Agreement to resolve the claim. The
   Company agreed to settle the claim with Research for a total amount of
   CDN $25,000 which included $10,000 in legal costs plus $5,000 for a
   securities expert report incurred by Empire and $10,000 payable to Research.
   Accordingly, the matter was dismissed by Madame Justice Bennett of the
   Ontario Superior Court of Justice and will no longer be reflected on our
   financial statements.

                                    - F16 -
<PAGE>


Item 9. Changes in and disagreements with accountants on accounting and
financial disclosure

On March 3, 2005 the Company was notified that Beckstead and Watts, LLP (the
"Former Auditor") had resigned as the Company's principal independent auditor,
effective March 3, 2005 as they would be unable to complete the audit for the
fiscal year ended December 31, 2004 in a timely manner.  In connection with the
audits for the years ended December 31, 2003 and December 31, 2002, and the
subsequent interim period prior to the date of resignation, there were no
disagreements with the Former Auditor on any matter of accounting principal or
practices, financial statement disclosure, or auditing scope or procedure,
which disagreement(s), if not resolved to the satisfaction of the Former
Auditor, would have caused it to make references to the subject matter of the
disagreement(s) in connection with its reports on the financial statements for
such years (as discussed in Regulation S-B, Item 304(a)(1)(iv)).

The Company engaged the firm of SF Partnership, LLP (the "SF Group") as its
principal independent auditor effective March 4, 2005, to act as its independent
auditor for the fiscal year ending December 31, 2004 and December 31, 2005.
Subsequent to the period covered by this report the Company was notified that SF
Partnership, LLP had resigned as the Company's principal independent auditor,
effective February 16, 2007. As a result of unpaid fees due to the auditing
services provided to the Company, the SF Group advised the Company that the
professional standards and firm policies prevented the SF Group becoming a
creditor to the Company to the extent that objectivity may appear to be
impaired. In connection with the audits for the years ended December 31, 2004
and December 31, 2005, and the subsequent interim period prior to the date of
resignation, there were no disagreements with the SF Group on any matter of
accounting principal or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement(s), if not resolved to the satisfaction
of the SF Group, would have caused it to make references to the subject matter
of the disagreement(s) in connection with its reports on the financial
statements for such years (as discussed in Regulation S-B, Item 304(a)(1)(iv)).

The Company engaged the firm of Bernstein and Pinchuk, LLP (the "New Auditor")
as its principal independent auditor effective December 10, 2008, to act as its
independent auditor for the fiscal years ending December 31, 2006, 2007 and
2008. During the two most recent fiscal years and the interim period preceding
the appointment of the New Auditor, the Company had not consulted the New
Auditor regarding either (i) the application of the accounting principles to a
specified transaction, either completed or proposed; or the type of audit
opinion that might be rendered on the Company's financial statements, and
neither a written report nor advice was provided to the Company that the New
Auditor concluded was an important factor considered by the Company in reaching
a decision as to the accounting of financial reporting issue; or (ii) any matter
that was either the subject of a disagreement or a reportable event (as defined
in Regulation S-B, Item 304(a)(1)(iv)). There were no disputes regarding any
accounting or auditing matters with the predecessor accountants.

Item 9a. Controls and procedures

Annual Evaluation of Controls
As of the end of the period covered by this annual report on form 10-K, the
Company carried out an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures ("Disclosure Controls" as
defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of
1934 ("Exchange Act")). This evaluation ("Evaluation") was performed by Vic
Dominelli, our Chairman of the Board and Acting Principal Executive Officer and
Principal Financial Officer in consultation with our Director of Operations and
our independent accountant. In this section, we present the conclusions of our
Chairman based on and as of the date of the Evaluation, with respect to the
effectiveness of our Disclosure Controls.

                                       39
<PAGE>

CEO Certifications
Attached as Exhibits to this annual report, are certain certifications of the
CEO and CFO, which are required in accordance with the Exchange Act and the
Commission's rules implementing such section (the "Rule 13a-14(a)/15d-14(a)
Certifications"). This section of the annual report contains the information
concerning the Evaluation referred to in the Rule 13a-14(a)/15d-14(a)
Certifications. This information should be read in conjunction with the
Rule 13a-14(a)/15d-14(a) Certifications for a more complete understanding of the
topic presented.

Disclosure Controls
Disclosure Controls are procedures designed with the objective of ensuring that
information required to be disclosed in our reports filed with the Commission
under the Exchange Act, such as this annual report, is recorded, processed,
summarized and reported within the time period specified in the Commission's
rules and forms. Disclosure Controls are also designed with the objective of
ensuring that material information relating to the Company is made known to the
CEO by others, particularly during the period in which the applicable report is
being prepared.

Scope of the Evaluation
The CEO's evaluation of our Disclosure Controls included a review of the
controls' (i) objectives, (ii) design, (iii) implementation, and (iv) the effect
of the controls on the information generated for use in this annual report. In
the course of the Evaluation, the CEO sought to identify data errors, control
problems, acts of fraud, and sought to confirm that appropriate corrective
action, including process improvements, was being undertaken. This type of
evaluation is done on a quarterly basis so that the conclusions concerning the
effectiveness of our controls can be reported in our quarterly reports on form
10-Q and annual reports on form 10-K. The overall goals of these various
evaluation activities are to monitor our Disclosure Controls, and to make
modifications if and as necessary. Our intent in this regard is that the
Disclosure Controls will be maintained such that changes are implemented
(including improvements and corrections) as conditions warrant.

Management's Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining adequate internal
control over financial reporting, as required by Sarbanes-Oxley (SOX) Section
404 A. Empire's internal control over financial reporting is a process designed
under the supervision of Empire's officers to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of Empire's
financial statements for external purposes in accordance with U.S. generally
accepted accounting principles. Internal control over financial reporting
includes those policies and procedures that:

- pertain to the maintenance of records that in reasonable detail accurately and
  fairly reflect the transactions and dispositions of Empire's assets;
- provide reasonable assurance that transactions are recorded as necessary to
  permit preparation of the financial statements in accordance with generally
  accepted accounting principles, and that receipts and expenditures are being
  made only in accordance with authorizations of management and the Board of
  Directors; and
- provide reasonable assurance regarding prevention or timely detection of
  unauthorized acquisition, use, or disposition of Empire's assets that could
  have a material effect on the financial statements.

Management conducted an assessment of the effectiveness of the Company's
internal control over financial reporting as of December 31, 2008, based on
criteria established in Internal Control over Financial Reporting - Guidance for
Smaller  Public Companies issued by the Committee of Sponsoring Organizations of
the Treadway Commission ("COSO").

A material  weakness is a  deficiency,  or a  combination  of  deficiencies,  in
internal  control  over  financial  reporting,  such that there is a  reasonable
possibility  that a material  misstatement  of the  Company's  annual or interim
financial  statements  will not be prevented or detected on a timely  basis.  In
connection with  management's  assessment of our internal control over financial
reporting as required  under Section 404 of the  Sarbanes-Oxley  Act of 2002, we
identified  the  following  material  weaknesses  in our  internal  control over
financial reporting as of December 31, 2008:

  1.  The Company has not established adequate financial reporting monitoring
      activities to mitigate the risk of management override, specifically
      because there are no employees and only one officer and one director with
      management functions and therefore there is lack of segregation of duties.
      However, although our controls are not effective, these significant
      weaknesses did not result in any material misstatements in our financial
      statements.
  2.  In addition, there is insufficient oversight of accounting principles
      implementation and insufficient oversight of external audit functions.
  3.  There is a strong reliance on the external attorneys to review and edit
      the annual and quarterly filings and to ensure compliance with SEC
      disclosure requirements.


                                       40
<PAGE>

Limitations on the Effectiveness of Disclosure Controls
Our management does not expect that our Disclosure Controls will prevent all
error and all fraud. A control system, no matter how well developed and
operated, can provide only reasonable, but not absolute assurance that the
objectives of the control system are met. Further, the design of the control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations in all control systems, no evaluation of controls can
provide absolute assurance that all control issues and instances so of fraud, if
any, within the Company have been detected. These inherent limitations include
the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of simple error or mistake. Additionally, controls
can be circumvented by the individual acts of some persons, by collusion of two
or more people, or by management override of the control. The design of a system
of controls also is based in part upon certain assumptions about the likelihood
of future events, and there can be no assurance that any design will succeed in
achieving its stated objectives under all potential future conditions. Over
time, control may become inadequate because of changes in conditions, or because
the degree of compliance with the policies or procedures may deteriorate.
Because of the inherent limitations in a cost-effective control system,
misstatements due to error or fraud may occur and not be detected.

Conclusions
Based upon the Evaluation, our Chairman and Principal officer has concluded that
as a result of material weaknesses described above our disclosure controls and
procedures are not effective as of December 31, 2008, based on Internal Control
over Financial Reporting - Guidance for Smaller Public Companies issued by COSO.

Remediation of Material Weaknesses in Internal Control over Financial Reporting
We are a small business, with no viable business or revenues, the Company does
not have the resources to employ a dedicated staff with extensive expertise in
all facets of SEC disclosure and GAAP compliance. As is the case with many small
businesses, the Company will continue to work with its external attorneys as it
relates to new accounting principles and changes to SEC disclosure requirements.
The Company has found that this approach worked well in the past and believes it
to be the most cost effective solution available for the foreseeable future.

The Company will conduct a review of existing sign-off and review procedures as
well as document control protocols for critical accounting spreadsheets. The
Company will also increase management's review of key financial documents and
records.

As a small business, the Company does not have the resources to fund sufficient
staff to ensure a complete segregation of responsibilities within the accounting
function. However, Company management does review, and will increase the review
of, financial  statements on a monthly basis. These actions, in addition to the
improvements identified above, will minimize any risk of a potential material
misstatement occurring.

Empire's independent auditors have not issued an attestation report on
management's assessment of Empire's internal control over financial reporting.
As a result, this annual report does not include an attestation report of
Empire's independent registered public accounting firm regarding internal
control over financial reporting. Empire was not required to have, nor has
Empire, engaged its independent registered public accounting firm to perform an
audit of internal control over financial reporting pursuant to the rules of the
Securities and Exchange Commission that permit Empire to provide only
management's report in this annual report.

Changes in internal control over financial reporting
There has been no change in our Internal Controls that occurred during our most
recent fiscal period that has materially affected, or is reasonably likely to
affect, our Internal Controls.

                                       41
<PAGE>

Item 9b. Other information

During the fourth quarter of the year covered by this form 10-K, the Company
reported all information that was required to be disclosed in a report on form
8-K.


PART III

Item 10. Directors and executive officers, promoters and control persons

On December 31, 2008, Empire had three directors and two executive officers, all
of which do not have any other directorships with any other reporting company.
All directors of our company hold office until the next annual meeting of the
stockholders or until their successors have been elected and qualified or have
resigned. The officers of our company are appointed by our board of directors
and hold office until their death, resignation or removal from office.
On August 24, 2009 Ken Chu resigned as our Chief Executive Officer and director.
Our directors, executive officers and significant employees, their ages,
positions held, and duration as such, as of the date of this report is as
follows:

Name            Age       Position               Date First Elected  Term Expiry

Vic Dominelli    47   A/Chief Executive Officer,  August 24, 2009       None
                      Chief Financial Officer,    March 1, 2005         None
                      Chairman of the Board,      May 5, 2008           None
                      Director                    January 6, 2005       None

Sam Merchant     41   Director                    May 5, 2008           None

Identity of Significant Employees
There are no employees or personnel that are expected to make a significant
contribution to the business.

Family Relationships
There are no family relationships among the current directors, executive
officers, or persons nominated or chosen by the Company to become directors or
executive officers.


                                       42

<PAGE>

Resumes

Vic Dominelli - Acting Chief Executive Officer, Chief Financial Officer,
                Chairman of the Board, Director

2002 - Current    Construction Supervisor
1985 - 2002       Senior Human Resources Manager Bombardier Aircraft Canada Inc.

Sam Merchant - Director

Mr. Merchant is the Founder and President of the Merchants Financial Group Ltd.
based in Atlanta, Georgia. In this capacity he assumes responsibility for
managing all operations. He originates and underwrites loans and handles
correspondent relationships with participating lenders, real estate investment
trusts, publicly traded Institutional Investment banking firms, equity
investors, developers and base clients from business, industry, and other
professions. In addition, Mr. Merchant develops international correspondence
relationships with National and International banks, mutual funds, investment
bankers, and other institutions to serve its local and international investors.
As a third generation banker, he has been working in banking and real estate
industry since the age of 15. His experience includes all aspects of servicing
the hospitality, multifamily, and retail industries with Franchise Financing as
his specialty.

The Merchants Financial Group, Ltd., established in 1986, is an originator,
underwriter, and consulting firm specializing in investment, merchant, and
mortgage banking for Real Estate, IT, Biotech and Nanotech. In addition, The
Merchants Financial Group, Ltd. specializes in corporate financial investments,
and management consulting directly related to commercial real estate and high
tech industry investments, joint ventures for hotels and motels, senior care
living, child care, energy related facilities and franchises, to include
anchored and unanchored shopping center and apartment industries. The Group
participates in underwriting United States government guaranteed loans, Wall
Street conduit loans, mezzanine loans, equity loans, and rural area business and
industry loan portfolios for its secondary market investors. The Group
co-underwrites rated and non-rated tax exempt debentures and bonds in the United
States and internationally. The Group also specializes in providing services for
real estate investments, mergers and acquisition and leverage buyout to provide
Debt and Equity Nationally and Internationally.

Mr. Merchant's work experience includes: Founder/President, The Merchants
Financial Group, Ltd. (1986-Present); Managing Member, Diversified Capital
Investments (2001-Present); Managing Member, Capital and Venture Resources, LLC
(2001-Present); Managing Member, Realty Capital Resources, LLC (2001-Present);
Member, Fulton Hospitality (1996-2000); Senior Credit Underwriter/Consultant,
The Anderson Thomas Financial Group, Ltd. (1986-89); Comptroller/Chief Financial
Officer, Unity Mortgage Corporation (1984-1986).

                                       43
<PAGE>

Involvement in Certain Legal Proceedings

1. No bankruptcy petition has been filed by or against any business of which any
   director was a general partner or executive officer either at the time of the
   bankruptcy or within two years prior to that time.
2. No current director has been convicted in a criminal proceeding and with the
   exception of the legal proceedings described elsewhere in this report is not
   subject to a pending criminal proceeding (excluding traffic violations and
   other minor offences).
3. No current director has been subject to any order, judgment, or decree, not
   subsequently reversed, suspended or vacated, of any court of competent
   jurisdiction, permanently or temporarily enjoining, barring, suspending or
   otherwise limiting his involvement in any type of business, securities or
   banking activities.
4. No director has been found by a court of competent jurisdiction (in a civil
   action), the Securities Exchange Commission or the Commodity Futures Trading
   Commission to have violated a federal or state securities or commodities law,
   that has not been reversed, suspended, or vacated.

Compliance with Section 16(a) of the Exchange Act
Based solely on a review of forms 4 and 5 furnished to the Company and filed
with the Securities and Exchange Commission under Rule 16a-3(e) promulgated
under the Securities Exchange Act of 1934, with the exception of Ken Chu, who is
now required to file a form 5 (Annual Statement of Beneficial Ownership) the
Company believes that all directors, officers and beneficial owners of more than
10% of any class of equity securities filed on a timely basis the reports
required by Section 16(a) of the Exchange Act during the most recent fiscal
year.

Nomination Procedure for Directors
Empire has adopted a nominee committee charter however, does not have a standing
nominating committee; recommendations for candidates to stand for election as
directors are made by the board of directors.

Audit Committee Financial Expert
Empire has adopted an audit committee charter however has not appointed a
financial expert. During the period covered by this report our board of
directors determined that it does not have a member of its audit committee that
qualifies as an "audit committee financial expert" as defined in Item 401(e) of
Regulation S-B, and is "independent" as the term is used in Item 7(d)(3)(iv) of
Schedule 14A under the Securities Exchange Act of 1934, as amended.

The Company believes the cost related to retaining a financial expert at this
time is prohibitive. We believe that the members of our board of directors are
collectively capable of analyzing and evaluating our financial statements and
understanding internal controls and procedures for financial reporting. In
addition, we believe that retaining an independent director who would qualify as
an "audit committee financial expert" would be overly costly and burdensome and
is not warranted in our circumstances given the early stages of our development
and the fact that the Company has not generated any revenues to date.

Identification of Audit Committee
Our audit committee is comprised of Angela S. Chu, a Certified General
Accountant and David Ciavarella, a Chartered Accountant. The audit committee
reports to the Director of Operations and subsequently to the board of directors
when performing the required functions of the audit committee.

Pursuant to the audit committee charter, our audit committee is responsible for:
(1) selection and oversight of our independent accountant;
(2) establishing procedures for the receipt, retention and treatment of
    complaints regarding accounting, internal controls and auditing matters;
(3) establishing procedures for the confidential, anonymous submission by
    employees of concerns regarding accounting and auditing matters;
(4) engaging outside advisors; and,
(5) funding for the outside auditory and any outside advisors engagement by the
    audit committee.

                                       44
<PAGE>

Code of Ethics
On February 21, 2006 the Company's board of directors formally adopted a Code of
Business Conduct and Ethics effective December 31, 2005 that applies to, among
other persons, members of our Board of Directors, our company's officers
including our Chief Executive Officer (being our principal executive officer)
and our Company's Chief Financial Officer (being our principal financial and
accounting officer), contractors, consultants and advisors. As adopted, our Code
of Business Conduct and Ethics sets forth written standards that are designed to
deter wrongdoing and to promote:

1. honest and ethical conduct, including the ethical handling of actual or
   apparent conflicts of interest between personal and professional
   relationships;
2. full, fair, accurate, timely, and understandable disclosure in reports and
   documents that we file with, or submit to, the Securities and Exchange
   Commission and in other public communications made by us;
3. compliance with applicable governmental laws, rules and regulations;
4. the prompt internal reporting of violations of the Code of Business Conduct
   and Ethics to an appropriate person or persons identified in the Code of
   Business Conduct and Ethics; and
5. accountability for adherence to the Code of Business Conduct and Ethics.

Our Code of Business Conduct and Ethics requires, among other things, that all
of the Company's personnel shall be accorded full access to our Executive
Officers with respect to any matter which may arise relating to the Code of
Business Conduct and Ethics. Further, all of the Company's personnel are to be
accorded full access to our Company's Board of Directors if any such matter
involves an alleged breach of the Code of Business Conduct and Ethics by the
Company officers.

In addition, our Code of Business Conduct and Ethics emphasizes that all
employees, and particularly managers and/or supervisors, have a responsibility
for maintaining financial integrity within the Company, consistent with
generally accepted accounting principles, and federal, provincial and state
securities laws. Any employee who becomes aware of any incidents involving
financial or accounting manipulation or other irregularities, whether by
witnessing the incident or being told of it, must report it to his or her
immediate supervisor or to the Company's Executive Officers. If the incident
involves an alleged breach of the Code of Business Conduct and Ethics by the
Executive Officers, the incident must be reported to any member of our Board of
Directors. Any failure to report such inappropriate or irregular conduct of
others is to be treated as a severe disciplinary matter. It is against the
Company policy to retaliate against any individual who reports in good faith the
violation or potential violation of our Company's Code of Business Conduct and
Ethics by another.

The Company filed the Code of Business Conduct and Ethics on April 17, 2006 with
the Securities and Exchange Commission as an Exhibit to the annual report on
form 10-KSB for the year ended December 31, 2005 and a copy is attached herein
as an Exhibit to this annual report. The Company will provide a copy of the Code
of Business Conduct and Ethics to any person without charge, upon request.
Requests can be sent to: Empire Global Corp., Suite 2, 648 Finch Ave. East,
Toronto, Ontario, M2K 2E6 Attention: President and CEO.

                                       45
<PAGE>

Item 11. Executive compensation

The following table sets out compensation and awards paid to our officers and
directors during the period covered by this report and since inception.

SUMMARY COMPENSATION TABLE
<TABLE>
-<CAPTION>
                                                          Restricted   Securities
Name and                                                       Stock   Underlying         LTIP      All Other         Total
principal                         Salary        Bonus       Award(s)      Options      Payouts   Compensation  Compensation
position                Year         ($)          ($)            ($)           ($)     SARs (#)           ($)           ($)
---------------------   ----   ---------   ----------   ------------   -----------   ----------   ----------   ------------
<S>                     <C>    <C>         <C>          <C>            <C>           <C>          <C>          <C>
Ken Chu,
CEO, Director           2008           0            0              0             0            0            0              0
                        2007           0            0              0             0            0            0              0
                        2006           0            0              0             0            0            0              0
                        2005           0            0              0             0            0            0              0

Vic Dominelli,
CFO, Chairman           2008           0            0              0             0            0            0              0
                        2007           0            0              0             0            0            0              0
                        2006           0            0              0             0            0            0              0
                        2005           0            0              0             0            0            0              0
Orlando Silvestri,
CEO                     2005           0            0              0             0            0            0              0

</TABLE>


                                       46
<PAGE>

There are no current employment agreements between the Company and its executive
officers and directors. Our directors and officers submit invoices for services
provided to the Company for business development. The directors and officers
have agreed to receive shares of common stock in lieu of cash until such time as
the Company receives sufficient revenues necessary to provide proper salaries to
all officers and compensation for directors' participation. At this time,
management cannot accurately estimate when sufficient revenues will occur to
implement this compensation, or the exact amount of compensation.

There are no annuities, pensions or retirement benefits proposed to be paid to
officers, directors or employees of the corporation in the event of retirement
at a normal retirement date pursuant to any presently existing plan provided or
contributed to by the corporation.

Compensation of Directors
Currently, there are no arrangements between Empire and any of its directors or
between any of the subsidiaries and any of its directors whereby such directors
are compensated for any services provided as directors. No payments have been
made to our directors for their services as directors that have not been
previously reported by the Company.

Item 12. Security ownership of certain beneficial owners and management

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
The tables below set forth, as of December 31, 2008 the beneficial ownership of
the Company's Common Stock (i) by any person or group known by the Company to
beneficially own more than 5% of the outstanding Common Stock, (ii) by each
Director and executive officer and (iii) by all Directors and executive
officers as a group. Unless otherwise indicated, the Company believes that the
beneficial owners of the shares have sole voting and investment power over such
shares. The address of all individuals for whom an address is not otherwise
indicated is 648 Finch Ave., East, Suite 2, Toronto, Ontario M2K 2E6.

                   Name and Address                                   Percent
Title of Class     of Beneficial Owner                      Amount   of Class
----------------   --------------------------------   ------------   --------
Common             Billion Charm Group                   4,568,700      24.5%
144-Restricted     Shareholder

Common             Prosper Consulting Corp.              3,559,200      19.1%
144-Restricted     Shareholder

The above table is based upon information derived from our stock records. Unless
otherwise indicated in the footnotes to this table and subject to community
property laws where applicable, it believes that each of the shareholders named
in this table has sole or shared voting and investment power with respect to
the shares indicated as beneficially owned. Applicable percentages are based
upon 18,675,800 shares of common stock outstanding as of December 31, 2008.

SECURITY OWNERSHIP OF MANAGEMENT

                   Name and Address                                   Percent
Title of Class     of Beneficial Owner                      Amount   of Class
----------------   --------------------------------   ------------   --------
Common             Ken Chu, CEO and Director             4,568,700      24.5%
144-Restricted     Suite 2 - 648 Finch Ave. East
                   Toronto, Ontario, M2K 2E6

Common             Vic Dominelli, CFO, Chairman and        343,000       1.8%
                   Director
144-Restricted     Suite 2 - 648 Finch Ave. East
                   Toronto, Ontario, M2K 2E6

Common             Sam Merchant                                  0         0%
144-Restricted

Common             Total shares owned by officers        4,911,700      25.3%
Free Trading       and directors of the Company as
                   a group. All directors and
                   executive officers (3 persons)

                                       47
<PAGE>

CHANGES IN CONTROL
Empire is not aware of any plan or arrangement that may result in a change of
control of the Company.

Item 13. Certain relationships and related party transactions

In the last 2 years, directors or executive officers, nominees for election as a
director and members of the immediate family of such persons were involved in
transactions and proposed transactions in which Empire was or was to be a party.
They are as follows:

Our former Chief Executive Officer, director and Chairman of the board Ken Chu,
is a shareholder and officer of Excel Empire Limited. On November 4, 2005 the
Company entered into an agreement to acquire Excel in exchange for 36,400,000
common shares of the Company. The agreement to acquire Excel has been terminated
and the shares issued cancelled as of May 5, 2008.

Empire Global Corp. has no parent company and except for the aforementioned
relationship of Ken Chu with respect to the contemplated Excel Plan was not
involved in any transactions or agreements with any promoters in the last five
years.

Transactions with Related Persons
Except for the aforementioned relationship of Ken Chu with respect to the
contemplated Excel Plan as amended, during the period covered by this report, no
director, executive officer, security holder, or any immediate family of such
director, executive officer, or security holder has had any direct or indirect
material interest in any transaction or currently proposed transaction, which
the Company was or is to be a participant that exceeded the lesser of
(1) $120,000 or (2) one percent of the average of our total assets at year-end
for the last three completed fiscal years, except for the following:

At December 31, 2006, Empire owed Billion Charm Group a company controlled by
our former Chief Executive Officer, Ken Chu, $68,707, in 2007 Billion Charm
Group billed the Company an additional $103,060. On November 5, 2007, the
Company issued 1,431,400 shares for the elimination of debt owed to Billion
Charm Group.

Promoters and control persons
During the past two fiscal years, Ken Chu and Vic Dominelli have been promoters
of Empire's business, but neither of these promoters have received anything of
value from Empire or its subsidiaries nor is any person entitled to receive
anything of value from Empire or its subsidiaries for services provided as a
promoter of the business of Empire and its subsidiaries.

                                       48
<PAGE>

Director independence
Pursuant to Item 407(a)(1)(ii) of Regulation S-B of the Securities Act, the
Company has adopted the definition of "independent director" as set forth in
Rule 4200(a)(15) of the NASDAQ Manual. In summary, an "independent director"
means a person other than an executive officer or employee of the Company or
its subsidiaries or any other individual having a relationship which, in the
opinion of our board of directors, would interfere with the exercise of
independent judgment in carrying out the responsibilities of a director, and
includes any director who accepted any compensation from the Company in excess
of $200,000 during any period of 12 consecutive months within the three past
fiscal years. Also, ownership of Empire's stock will not preclude a director
from being independent.

In applying this definition, our board of directors has determined that Sam
Merchant qualifies as an "independent director" pursuant to Rule 4200(a)(15) of
the NASDAQ Manual

As of the date of the report, Empire did not maintain a separately designated
compensation or nominating committee, however, the company has also adopted this
definition for the independence of the members of its audit committee.
Mr. Merchant does not serve on any committees of the board.

Item 14. Principal accountant fees and services

AUDIT FEES
Audit fees are for professional services for the audit of our annual financial
statements, and for the review of the financial statements included in our
filing on form 10-QSB and for services that are normally provided in connection
with statutory and regulatory filings or engagements. The Company paid audit
fees of approximately $30,000 and $10,000 in 2009 in connection to audits for
the periods ended December 31, 2006 and 2007.

AUDIT RELATED FEES
Audit related fees are funds paid for the assurance and related services
reasonably related to the performance of the audit or the review of our
financial statements. We paid no audit related fees during 2008 and 2007.

TAX FEES
Tax fees are those funds paid for professional services with respect to tax
compliance, tax advice, and tax planning. We paid no professional tax fees
during 2008 and 2007 other than those previously disclosed.

ALL OTHER FEES
Fees paid for permissible work that does not fall within any of the three other
fees categories set forth above. No other fees were paid during 2008 and 2007.

PRE-APPROVED POLICY FOR AUDIT AND NON-AUDIT SERVICES
During the period covered by this report the Company had a standing audit
committee to perform all functions of an audit committee, including the
pre-approval of all audit and non-audit services prior to our engagement of an
accounting firm and report to the Board of Directors. All of the services
rendered for us by SF Partnership LLP were pre-approved by our Board of
Directors.

                                       49
<PAGE>

Item 15. Exhibits

EXHIBITS
The exhibits required by Item 601 of Regulation S-B listed on the Exhibit Index
are included herein.

All Exhibits required to be filed with the form 10-K are included in this annual
report or incorporated by reference to our previous filings with the SEC, which
can be found in their entirety at the SEC website at www.sec.gov under SEC
File Number 000-50045.

Exhibit   Description                                                     Status

14.1     Code of Ethics filed as an exhibit to Empire's form 10-KSB        Filed
         filed on April 17, 2006, and incorporated herein by reference.

31       Certification of Principal Executive Officer and Principal     Included
         Financial Officer required under Rule 13a-14(a) or Rule
         15d-14(a) of the Securities and Exchange Act of 1934, as amended.

32       Certification of Principal Executive Officer and Principal     Included
         Financial Officer pursuant to 18 U.S.C. Section 1350, as
         adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



REPORTS ON FORM 8-K (SUBSEQUENT TO THE DATE OF THIS ANNUAL REPORT)

On May 6, 2009, the Company filed an 8-K to report the following:
The SEC issued a letter dated April 28, 2009 requiring the Company to file
delinquent reporting requirements under the Securities and Exchange Act of 1934
(Act) and provided the Company 15 days to respond and to file all reporting
requirements that are not in compliance with the Act.

On June 15, 2009 the Company filed an 8-K/A amending the 8-K filed May 6, 2009
and subsequently filed amendment number 2 on August 14, 2009 to revise the
intended schedule to file outstanding reports.

On August 24, 2009, the Company filed an 8-K to report the following:
The resignation of Ken Chu as our Chief Executive Officer and director.



                                       50
<PAGE>

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

EMPIRE GLOBAL CORP.



By:  /s/ Vic Dominelli                                 Date: December 4, 2009.
Vic Dominelli
Chairman of the Board
Acting Chief Executive Officer
(Principal Executive Officer)
Chief Financial Officer
(Principal Financial Officer)


In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.


By:  /s/ Vic Dominelli                                 Date: December 4, 2009.
Vic Dominelli
Chairman of the Board
Acting Chief Executive Officer
(Principal Executive Officer)
Chief Financial Officer
(Principal Financial Officer)