| COLORADO                                 | 47-0883144                           |
|------------------------------------------|--------------------------------------|
| (State or other jurisdiction of          | (I.R.S. Employer Identification No.) |
| incorporation or organization)           |                                 |
|                                     |                                 |
|                                     |                                 |
| 16200 WCR 18E, Loveland, Colorado        | 80537                                |
| (Address of principal executive offices) | (Zip code)                           |

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| PART I                                                                                                                                    | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                      |   |
| Item 1.    Description of Business                                                                                         | 3      |
| Item 2.    Description of Property                                                                                         | 10     |
| Item 3.    Legal Proceedings                                                                                               | 10     |
| Item 4.    Submission of Matters to a Vote of Security Holders                                                             | 10     |
|                                                                                                                                      |   |
| PART II                                                                                                                                   |   |
|                                                                                                                                      |   |
| Item 5.    Market for Common Equity and Related Stockholder Matters                                                        | 10     |
| Item 6.    Management’s Discussion and Analysis or Plan of Operation                                                 | 12     |
| Item 7.    Financial Statements                                                                                            | 16     |
| Item 8.    Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                            | 29     |
| Item 8A. Contols and Procedures                                                                                                           | 29     |
| Item 8B. Other Information                                                                                                                | 29     |
|                                                                                                                                      |   |
| PART III                                                                                                                                  |   |
|                                                                                                                                      |   |
| Item 9.    Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act | 29     |
| Item 10.  Executive Compensation                                                                                                     | 32     |
| Item 11.  Security Ownership of Certain Beneficial Owners and Management And Related Stockholder Matters                             | 33     |
| Item 12.  Certain Relationships and Related Transactions                                                                             | 34     |
| Item 13.  Exhibits                                                                                                                   | 35     |
| Item 14.  Principal Accountant Fees and Services                                                                                     | 35     |

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| Ÿ | Marine Environment and Safety at Sea              |
|--------|---------------------------------------------------|
| Ÿ | Life Rafts and Ditch Bags                         |
| Ÿ | Medical Preparedness and First Aid                |
| Ÿ | Features of Offshore Capable Vessels              |
| Ÿ | Rigging and Deck Gear                             |
| Ÿ | Tools, Mechanical and Electrical Skills           |
| Ÿ | Sails, Rope work and Sewing                       |
| Ÿ | Sail Handling                                     |
| Ÿ | 12 Volt Electrical Systems                        |
| Ÿ | Boat Electronics, Instruments, Radio and Radar    |
| Ÿ | Auxiliary Diesel Maintenance and Repair           |
| Ÿ | Heavy Weather Seamanship                          |
| Ÿ | Weather, Pilot Charts and Navigation              |
| Ÿ | Passagemaking                                     |
| Ÿ | Boat Maintenance, Provisioning and Waste Disposal |
| Ÿ | Ships Papers, Zarpes and Permits                  |

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| Vessel Name                   | Six String                                            |
|-------------------------------|-------------------------------------------------------|
|                          |                                                  |
| Hailing Port                  | Loveland, Colorado                                    |
| Make/Model                    | Jason 35 Cutter                                       |
| Type                          | Aft cockpit, cutter rigged sailing vessel             |
| Navigation Limits             | Suitable for recreational costal and offshore service |
| Current Fair market Value     | $43,000 to $47,000                                    |
| Replacement Value as Equipped | $320,000                                              |
| Model Year                    | Hull constructed 1982 with launch date in 1986        |
| Builder                       | Custom Yacht Builders, Ontario, Canada                |
| HIN Number                    | Canadian Issued: 0781B3401                            |
| Official Number               | Federal Documentation 1092461                         |
| Aux. Propulsion               | Yanmar Deisel-new in 2005                             |
| Hull/Deck Color               | White                                                 |
| LOA                           | 34 feet 6 inches                                      |
| LWL                           | 27 feet 4 inches                                      |
| Beam                          | 11 feet 2 inches                                      |
| Draft                         | 5 feet                                                |
| Displacement                  | 16,800 pounds dry weight                              |
| Sail Area                     | 634 square feet, Cutter rigged                        |

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| Ÿ | demonstration of the efficacy and safety of our training methods and planned curriculum;   |
|--------|--------------------------------------------------------------------------------------------|
| Ÿ | cost-effectiveness;                                                                        |
| Ÿ | potential advantages of alternative sailing schools which may offer similar opportunities; |
| Ÿ | the effectiveness of marketing through classified advertisements.                          |
| Ÿ | achieving market acceptance of our hands-on approach to the training of sailors.           |

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| Staff                                                                                                                                                                                                                                         |   | $      | 4,000  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Fuel and Phone                                                                                                                                                                                                                                                                             |   |   | 500    |   |
| Provisions and Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 2,700  |   |
| Travel and Lodging                                                                                                                                                                                                                  |   |   | 500    |   |
| Note Interest                                                                                                              |   |   | 500    |   |
| Home Office Rent                                                                                                                                                                                                                                                                                |   |   | 300    |   |
| Bookkeeper                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 250    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |
| Total                                                                                                                                                                                                                                         |   | $      | 8,750  |   |

| Annual Audit, Form 10-K, Form 10Qs                                                                                                                                                                                                                                                                          |   |   $ | 13,000  |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|---------|--------|
| Annual Transfer agent                                                                                                                       |   |     | 3,600   |   |
| Annual legal and SEC Filing                                                                                                                                                                   |   |     | 3,000   |   |
| Total Annual Public Company Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $        | 19,6000 |   |

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|  Quarterly Revenue from Training Voyages $1,750 per student X 2 students X 6 voyages  |   | $      | -       |   |   | $      | 21,000 |   |
|------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|
| Quarterly Operating Expense                                                                          |   |   | 8,750   |   |   |   |   |   |
| Quarterly Public Company Expense                                                                     |   |   | 5,000   |   |   |   |   |   |
| Quarterly Marketing Expense                                                                     |   |   | 750     |   |   |   |   |   |
| Less Total Quarterly Expenses (subtotal)                                                        |   |   | (14,500 | )      |   |   |   |   |
|  Estimated Quarterly Cash Flow                                                                  |   |   |    |   |   | $      | 6,500  |   |

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| 1.     | General and administrative expenses decreased by $3,605, or 10.7%, to $29,471 for the year ended August 31, 2010  from $33,576 for the prior year ended August 31, 2009. We attribute this decrease in expenses to fewer costs incurred to maintain and upgrade our training vessel.           |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                     |
| 2.     | Professional fees increased by $2,904 or 13.6% to $24,190 for the year ended August 31, 2010 from $21,286 for the prior year ended August 31, 2009. This is attributable to increased frequency and cost of accounting and auditing services.                                                       |
| 3.     | Revenue decreased by $1,750 to $0 for the year ended August 31, 2010 from $1,750 for the year ended August 31, 2009.  This is attributable to decreased revenue for sailing school operations.  We believe student revenue was negatively effected by the impaired US economy.  |
| 4.     | Interest expense increased by $731 or 23% to $3,803 for the year ended August 31, 2010 from $3,072 for the year ended August 31, 2009.  This is attributable to an increase in notes payable.                                                                                             |

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| Report of Independent Registered Public Accounting Firm | 18     |
|---------------------------------------------------------|--------|
|                                                    |   |
| Balance Sheets                                          | 19     |
|                                                    |   |
| Statements of Operations.                               | 20     |
|                                                    |   |
| Statements of Stockholders’ Equity                | 21     |
|                                                    |   |
| Statements of Cash Flows                                | 22     |
|                                                    |   |
| Notes to the Financial Statements.                      | 23     |

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|                                                                                                         |   | August 31, |     |   | August 31, |   |
|--------------------------------------------------------------------------------------------------------------|--------|------------|----------|--------|------------|--------|
|                                                                                                         |   | 2010       |     |   | 2009       |   |
|                  Assets |   |       |     |   |       |   |
|                                                                                                         |   |       |     |   |       |   |
| Current Assets:                                                                                              |   |       |     |   |       |   |
| Cash                                                                                                         |   | $          | 1,545    |   |       | $      | 13,612 |   |
| Prepaid asset                                                                                                |   |       | 172      |   |       |   | 257 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Total current assets                                                                                         |   |       | 1,717    |   |       |   | 13,869 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Property and equipment, net                                                                                  |   |       | 25,374   |   |       |   | 27,983 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Total assets                                                                                                 |   | $          | 27,091   |   |       | $      | 41,852 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Liabilities and Shareholders’ Equity (Deficit)                                                         |   |       |     |   |       |
| Current liabilities:                                                                                         |   |       |     |   |       |   |   |   |
| Accounts payable                                                                                             |   | $          | 477      |   |       | $      | — |   |
| Accrued interest payable, related party                                                                      |   |       | 4,623    |   |       |   | 820 |   |
| Loans payable to related party                                                                               |   |       | 77,599   |   |       |   | 54,615 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Total current liabilities                                                                                    |   |       | 82,699   |   |       |   | 55,435 |   |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Shareholders’ equity (deficit):                                                                        |   |       |     |   |       |   |   |   |
| Common stock, no par value; 50,000,000 shares authorized,                                                    |   |       |     |   |       |   |   |   |
| 3,547,334 and 3,469,500 shares issued and outstanding, respectively                                          |   |       | 235,250  |   |       |   | 221,350 |   |
| Additional paid-in capital                                                                                   |   |       | 23,051   |   |       |   | 20,471 |   |
| Common stock subscription                                                                                    |   |       | 1,000    |   |       |   | — |   |
| Accumulated other comprehensive gain (loss)                                                                  |   |       | —  |   |       |   | (765 | ) |
| Accumulated deficit                                                                                          |   |       | (500     | )      |       |   | (500 | ) |
| Deficit accumulated during development stage                                                                 |   |       | (314,409 | )      |       |   | (254,139 | ) |
| Total shareholders' equity (deficit)                                                                         |   |       | (55,608  | )      |       |   | (13,583 | ) |
|                                                                                                         |   |       |     |   |       |   |   |   |
| Total liabilities and shareholders' equity (deficit)                                                         |   | $          | 27,091   |   |       | $      | 41,852 |   |

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|                                         |   |               |      |   |       |   |      | March 1,    |   |
|----------------------------------------------|--------|--------------------|-----------|--------|------------|--------|-----------|-------------|--------|
|                                         |   |               |      |   |       |   |      | 2005        |   |
|                                         |   |               |      |   |       |   |      | (Inception) |   |
|                                         |   | For the Year Ended |      |   | Through    |   |
|                                         |   | August 31,         |      |   | August 31, |   |
|                                         |   | 2010               |      |   | 2009       |   |      | 2010        |   |
|                                         |   |               |      |   |       |   |      |        |   |
| Revenue                                      |   | $                  | —   |   |       | $      | 1,750     |        |   | $ | 1,750 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Operating expenses:                          |   |               |      |   |       |   |      |        |   |   |   |   |
| Professional fees                            |   |               | 24,190    |   |       |   | 21,286    |        |   |   | 87,831 |   |
| Contributed services, related party (Note 2) |   |               | 2,580     |   |       |   | 2,710     |        |   |   | 18,561 |   |
| General and administrative                   |   |               | 29,971    |   |       |   | 33,576    |        |   |   | 196,251 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total operating expenses                     |   |               | 56,741    |   |       |   | 57,572    |        |   |   | 302,643 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Loss from operations                         |   |               | (56,741   | )      |       |   | (55,822   | )           |   |   | (300,893 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Other Income (Expense)                       |   |               |      |   |       |   |      |        |   |   |   |   |
| Other income                                 |   |               | 274       |   |       |   | —   |        |   |   | 274 |   |
| Interest expense                             |   |               | (3,803    | )      |       |   | (3,072    | )           |   |   | (13,790 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total other expenses                         |   |               | (3,529    | )      |       |   | (3,072    | )           |   |   | (13,516 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Net loss                                     |   |               | (60,270   | )      |       |   | (58,894   | )           |   |   | (314,409 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Other Comprehensive Income (Loss)            |   |               |      |   |       |   |      |        |   |   |   |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Gain (loss) on foreign currency exchange     |   |               | 765       |   |       |   | (1,214    | )           |   |   | — |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total Comprehensive Loss                     |   | $                  | (59,505   | )      |       | $      | (60,108   | )           |   | $ | (314,409 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Basic and diluted loss per share             |   | $                  | (0.02     | )      |       | $      | (0.02     | )           |   |   |   |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Basic and diluted weighted average           |   |               |      |   |       |   |      |        |   |   |   |   |
| common shares outstanding                    |   |               | 3,489,885 |   |       |   | 3,408,515 |        |   |   |   |   |

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|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    | Deficit     |   |
|-------------------------------------------------|--------|--------------|-----------|--------|---------|--------|---------|---------------|--------|--------|-------------|--------|--------|--------------|---------|--------|-------------|--------|---------|-------------|--------|
|                                            |   |         |      |   |    |   |    |          |   |   | Accumulated |   |   |         |    |   |        |   |    | Accumulated |   |
|                                            |   |         |      |   |    |   |    | Additional    |   |   | Other       |   |   | Common       |    |   |        |   |    | During      |   |
|                                            |   | Common Stock |      |   | Paid-in |   |    | Comprehensive |   |   | Stock       |   |   | Accumulated  |    |   | Development |   |
|                                            |   | Shares       |      |   | Amount  |   |    | Capital       |   |   | Loss        |   |   | Subscription |    |   | Deficit     |   |    | Stage       |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |
| Balance at March 1, 2005 (inception)            |   |         | 100,000   |   |    | $      | 500     |          |   | $      | 100         |   |   | $            | — |   |        | $      | — |        |   | $ | (500 | ) |   | $ | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued in exchange for a           |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Sailing vessel at $0.034 per share              |   |         | 1,150,000 |   |    |   | 39,000  |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, period ended August 31, 2005          |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | (18,677 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2005                      |   |         | 1,250,000 |   |    |   | 39,500  |          |   |   | 100         |   |   |         | — |   |        |   | — |        |   |   | (500 | ) |   |   | (18,677 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for services                |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| at $0.04 per share                              |   |         | 700,000   |   |    |   | 28,000  |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for services to a           |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| related party at $0.04 per share                |   |         | 700,000   |   |    |   | 28,000  |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for cash                    |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| at $0.10 per share                              |   |         | 500,000   |   |    |   | 50,000  |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Contributed capital                             |   |         | —   |   |    |   | — |          |   |   | 1,965       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2006            |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | (70,441 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2006                      |   |         | 3,150,000 |   |    |   | 145,500 |          |   |   | 2,065       |   |   |         | — |   |        |   | — |        |   |   | (500 | ) |   |   | (89,118 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Contributed capital                             |   |         | —   |   |    |   | — |          |   |   | 925         |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Office space contributed by an officer          |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Services contributed by an officer              |   |         | —   |   |    |   | — |          |   |   | 7,271       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | 417     |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2007            |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | (48,954 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2007                      |   |         | 3,150,000 |   |    |   | 145,500 |          |   |   | 11,461      |   |   |         | 417     |   |        |   | — |        |   |   | (500 | ) |   |   | (138,072 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.25 per share |   |         | 239,000   |   |    |   | 59,750  |          |   |   | —     |   |   |         | — |   |        |   | — |        |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Contributed capital                             |   |         | —   |   |    |   | — |          |   |   | 669         |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Office space contributed by an officer          |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Services contributed by an officer              |   |         | —   |   |    |   | — |          |   |   | 2,674       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | 32      |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2008            |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | (57,173 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2008                      |   |         | 3,389,000 |   |    |   | 205,250 |          |   |   | 16,004      |   |   |         | 449     |   |        |   | — |        |   |   | (500 | ) |   |   | (195,245 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Contributed capital                             |   |         | —   |   |    |   | — |          |   |   | 1,757       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Office space contributed by                     |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
|    an officer                    |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Services contributed by an officer              |   |         | —   |   |    |   | — |          |   |   | 1,510       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Foreign currency exchange loss                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | (1,214  | )      |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for cash                    |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| at $0.20 per share                              |   |         | 80,500    |   |    |   | 16,100  |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2009            |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   |   |   |   |   | (58,894 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2009                      |   |         | 3,469,500 |   |    |   | 221,350 |          |   |   | 20,471      |   |   |         | (765    | )      |        |   | — |        |   |   | (500 | ) |   |   | (254,139 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Office space contributed by                     |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
|    an officer                    |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Services contributed by an officer              |   |         | —   |   |    |   | — |          |   |   | 1,380       |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for cash                    |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| at $0.20 per share                              |   |         | 44,500    |   |    |   | 8,900   |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock issued for cash                    |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| at $0.15 per share                              |   |         | 33,334    |   |    |   | 5,000   |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | 765     |   |        |   | — |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Common stock subscribed                         |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | 1,000   |        |   |   | — |   |   |   | — |   |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2010            |   |         | —   |   |    |   | — |          |   |   | —     |   |   |         | — |   |        |   | — |        |   |   |   |   |   |   | (60,270 | ) |
|                                            |   |         |      |   |    |   |    |          |   |   |        |   |   |         |    |   |        |   |    |        |   |   |   |   |   |   |   |   |
| Balance at August 31, 2010                      |   |         | 3,547,334 |   |    | $      | 235,250 |          |   | $      | 23,051      |   |   | $            | — |   |        | $      | 1,000   |        |   | $ | (500 | ) |   | $ | (314,409 | ) |

----

|                                                                                                         |   |               |    |   |       |   |    | March 1,    |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|------------|--------|---------|-------------|--------|
|                                                                                                         |   |               |    |   |       |   |    | 2005        |   |
|                                                                                                         |   |               |    |   |       |   |    | (Inception) |   |
|                                                                                                         |   | For the Year Ended |    |   | Through    |   |
|                                                                                                         |   | August 31,         |    |   | August 31, |   |
|                                                                                                         |   | 2010               |    |   | 2009       |   |    | 2010        |   |
| Cash flows from operating activities:                                                                        |   |               |    |   |       |   |    |        |   |
| Net loss                                                                                                     |   | $                  | (60,270 | )      |       | $      | (58,894 | )           |   | $ | (314,409 | ) |
| Adjustments to reconcile net loss to net cash                                                                |   |               |    |   |       |   |    |        |   |   |   |   |
| used by operating activities:                                                                                |   |               |    |   |       |   |    |        |   |   |   |   |
| Depreciation expense                                                                                         |   |               | 9,185   |   |       |   | 8,283   |        |   |   | 40,497 |   |
| Contributed capital to fund expenses                                                                         |   |               | 2,580   |   |       |   | 4,467   |        |   |   | 22,951 |   |
| Common stock issued for services                                                                             |   |               | — |   |       |   | — |        |   |   | 56,000 |   |
| Changes in operating assets and liabilities:                                                                 |   |               |    |   |       |   |    |        |   |   |   |   |
| (Increase) decrease in prepaid services                                                                      |   |               | 85      |   |       |   | (93     | )           |   |   | (172 | ) |
| Increase (decrease) in accounts payable                                                                      |   |               |    |   |       |   |    |        |   |   |   |   |
| and accrued liabilities                                                                                      |   |               | 5,045   |   |       |   | (394    | )           |   |   | 12,014 |   |
| Net cash used in                                                                                             |   |               |    |   |       |   |    |        |   |   |   |   |
| operating activities                                                                                         |   |               | (43,375 | )      |       |   | (46,631 | )           |   |   | (183,119 | ) |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash flows from investing activities:                                                                        |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash paid for fixed assets                                                                                   |   |               | (6,576  | )      |       |   | — |        |   |   | (26,870 | ) |
| Net cash used in                                                                                             |   |               |    |   |       |   |    |        |   |   |   |   |
| investing activities                                                                                         |   |               | (6,576  | )      |       |   | — |        |   |   | (26,870 | ) |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash flows from financing activities:                                                                        |   |               |    |   |       |   |    |        |   |   |   |   |
| Common stock issued for cash                                                                                 |   |               | 14,900  |   |       |   | 16,100  |        |   |   | 140,750 |   |
| Proceeds from related party loans                                                                            |   |               | 22,984  |   |       |   | 6,500   |        |   |   | 70,684 |   |
| Net cash provided by                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| financing activities                                                                                         |   |               | 37,884  |   |       |   | 22,600  |        |   |   | 211,434 |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Net change in cash                                                                                           |   |               | (12,067 | )      |       |   | (24,031 | )           |   |   | 1,445 |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash, beginning of period                                                                                    |   |               | 13,612  |   |       |   | 37,643  |        |   |   | 100 |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash, end of period                                                                                          |   | $                  | 1,545   |   |       | $      | 13,612  |        |   | $ | 1,545 |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                            |   |               |    |   |       |   |    |        |   |   |   |   |
| Cash paid during the period for:                                                                             |   |               |    |   |       |   |    |        |   |   |   |   |
|                 Income taxes |   | $                  | — |   |       | $      | — |        |   | $ | — |   |
|                 Interest     |   | $                  | — |   |       | $      | 2,251   |        |   | $ | 2,251 |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
|                                                                                                         |   |               |    |   |       |   |    |        |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                                                               |   |               |    |   |       |   |    |        |   |   |   |   |
| Common stock issued for services                                                                             |   | $                  | — |   |       | $      | — |        |   | $ | 56,000 |   |

----

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|                                                 |   | 2010   |    |   | 2009   |   |    |
|------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|
| Deferred tax assets:                                 |   |   |    |   |   |   |    |
|   NOL Carryover                            |   | $      | 90,100  |   |   | $      | 57,600  |   |   |
|   Related Party Accruals                   |   |   | 1,400   |   |   |   | -       |   |   |
|                                                 |   |   |    |   |   |   |    |   |   |
|      Valuation allowance    |   |   | (91,500 | )      |   |   | (57,600 | ) |   |
|      Net deferred tax asset |   | $      | -       |   |   | $      | -       |   |   |

|                    |   | 2010   |    |   | 2009   |   |    |
|-------------------------|--------|--------|---------|--------|--------|--------|---------|
| Book Income             |   | $      | (18,081 | )      |   | $      | (18,032 | ) |   |
| Foreign Currency        |   |   | 230     |   |   |   | 364     |   |   |
| Meals and Entertainment |   |   | -       |   |   |   | 487     |   |   |
|                    |   |   |    |   |   |   |    |   |   |
| Valuation allowance     |   |   | 17,851  |   |   |   | 17,181  |   |   |
|                    |   | $      | -       |   |   | $      | -       |   |   |

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|                                             |   | 2010   |    |   | 2009   |   |    |
|--------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|
| Sailing vessel                                   |   | $      | 65,870  |   |   | $      | 59,295  |   |   |
| Accumulated depreciation                         |   |   | (40,496 | )      |   |   | (31,312 | ) |   |
|      Total fixed assets |   | $      | 25,374  |   |   | $      | 27,983  |   |   |

----

----

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

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| NAME             | POSITION                                                   | AGE      |
|------------------|------------------------------------------------------------|----------|
|             |                                                       |     |
| James B. Wiegand | President, Chief Financial Officer, Secretary and Director |  64 |

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| Company                                               | Status         | DateFiled 10SB12G |  File no   | BusinessCombination      | OperatingStatus |
|-------------------------------------------------------|----------------|-------------------|-----------------|--------------------------|-----------------|
|                                                  |           |              |            |                     |            |
| Preferred Financial Resources (formerly Copper Corp.) | Delinquent     | 10/12/2001        | 000-33247       | New Management 7/15/2002 | Note 1          |
|                                                  |           |              |            |                     |            |
| Akid Corporation                                      | Delinquent     | 9/15/1999         | 000-27333       | New Management 6/9/2005  | Note 2          |
|                                                  |           |              |            |                     |            |
| Downside Up, Inc.                                     | Delinquent     | 2/28/2002         | 000-49896       | New Management 7/9/2005  | Note 3          |
|                                                  |           |              |            |                     |            |
| Cytodyn Corporation (formerly Rexray Corp.)           | Delinquent     | 7/11/2002         | 000-49908       | New Management 5/15/2002 | Note 4          |
|                                                  |           |              |            |                     |            |
| Jackray Corporation                                   | Delinquent     | 10/25/2005        | 0-51586         | New Management 2006      | Note 5          |
|                                                  |           |              |            |                     |            |
| Clair Coast Corporation                               | Delinquent     | 10/25/2005        | 0-51586         | New Management 2006      | Note 6          |
|                                                  |           |              |            |                     |            |
| Pinel Bay                                             |   Form 15 | 11/28/2006        | 000-52204  | None                     |   Note 7   |
|                                                  |           |              |            |                     |            |
| Ambermax  Corporation                            |  Form 15  |  02/05/2007  | 000-52447  |  None               | Note 8          |
|                                                  |           |              |            |                     |            |
| Ambermax II Corporation                               | Form 15        | 02/05/2007        | 000-52448       | None                | Note 9          |

| Note 1. | James Wiegand acquired control shares from CMS on 1/28/2002. New management was issued control shares in connection with Share Purchase Agreement. New management undertook an audit of its housing business. Further fillings to update progress of the transaction are delinquent.                                                                                                                                        |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Note 2. | James Wiegand acquired control shares from CMS on 1/28/2002. New management was issued control shares in exchange for control of its plant pharmaceutical company. Company has changed its name to Mazal Plant Pharmaceutical. New management has filed to register certain shares. Trades on pink sheets with symbol “MZPP”.                                                                                   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Note 3. | James Wiegand acquired control shares from CMS on 1/28/2002. Control shares were sold to new management. New management has not yet acquired an operating business.                                                                                                                                                                                                                                                         |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Note 4. | James Wiegand incorporated Rexray Corporation and completed a private placement of common shares. Rexray acquired the assets of Cytodyn of New Mexico and changed its name to Cytodyn Corporation. New Management registered certain shares and is preparing to submit its AIDS infusion drug, Cytolin, for FDA Phase II/III Testing. Cytodyn’s common shares trade on the OTCBB with the symbol “CYDYE”. |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Note 5. | James Wiegand incorporated Jackray Corporation and completed a private placement of common shares. Control shares were sold to new management on September 30, 2006                                                                                                                                                                                                                                                         |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Note 6. | James Wiegand incorporated Claire Coast Corporation and completed a private placement of common shares. Control shares were sold to new management on September 30, 2006.                                                                                                                                                                                                                                                   |

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|   |                                                                                                                                                                                                                                                    |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Note 7 | James Wiegand Incorporated Pinel Bay Corporation and completed a private placement of common shares. To date Pinel Bay has been unable to complete a business combination. On October 30,2009  Pinel filed Form 15 and terminated reporting.  |
|   |                                                                                                                                                                                                                                                    |
| Note 8 | James Wiegand Incorporated Ambermax Corporation and completed a private placement of common shares. To date Ambermax has been unable to complete a business combination. On December 19, 2008 Ambermax filed Form 15 and terminated reporting.          |
|   |                                                                                                                                                                                                                                                    |
| Note 9 | James Wiegand Incorporated Ambermax II Corporation and completed a private placement of common shares. To date Ambermax II has been unable to complete a business combination. On November 21, 2008 Ambermax II filed Form 15 and terminated reporting. |
|   |                                                                                                                                                                                                                                                    |

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|                 |                  |                |      |                | Long Term        | All Other   |
|----------------------|-----------------------|---------------------|-----------|---------------------|------------------|-------------|
|                 |                  | Annual Compensation |      | Compensation Awards | Compensation ($) |
|                 |                  |                |      |                |             | Securities  |
| Name and             |                  |                |      |                | Restricted Stock | Underlying  |
| Principal Position   | Year                  | Salary ($)          | Bonus ($) |                | Awards ($)       | Options (#) |
| James B.             | 2010, 2009 & 2008 | 0                   | 0         |                | 0                | 0           |
| Wiegand              | 2007             | 0                   | 0         |                | 0                | 0           |
| President, Secretary | 2006                  | 0                   | 0         |                | 0                | 0           |
| and Director         | 2005                  | 500(1)              | 0         |                | 0                | 0           |

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| OFFICERS, DIRECTORS                                       | NUMBER           | BENEFICIAL    |
|-----------------------------------------------------------|------------------|---------------|
| AND 5% STOCKHOLDERS                                       | OF SHARES        | OWNERSHIP (%) |
|                                                      |             |          |
| James B. Wiegand                                          | 1,250,000(1)*    | 35.2%         |
|                                                      |             |          |
| Katherine Gould                                           | 566,000 (2)      | 16.0%         |
|                                                      |             |          |
| Michael Wiegand                                           | 696,000(3)       | 19.6%         |
|                                                      |             |          |
| All directors and executive officersas a group (1 person) |  1,250,000* |  35.2%   |

----

| ● | any of our directors or officers;                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | any person proposed as a nominee for election as a director;                                                                                                       |
| ● | any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock; or |
| ● | any relative or spouse of any of the foregoing persons who has the same house as such person.                                                                      |

| Exhibit No. |                                      Description |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                                                                                                                                      |
| 31.1        | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302                                                                                                                                              |
|        |                                                                                                                                                                                                                                      |
| 32.1        | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of The Sarbanes-Oxley Act of 2004                                                                                                            |

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|                                           | ROSEWIND CORPORATION                 (Registrant) |                      |
|------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|---------------------------|
|                                           |                                                                                                                              |                      |   |
| DATE:    November 23, 2010 | By:                                                                                                                               | /s/ James B. Wiegand      |   |
|                                           |                                                                                                                              | James B. WiegandPresident |   |
|                                           |                                                                                                                              |                      |   |
|                                           |                                                                                                                              |                      |   |

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----