UNITED
        STATES
 SECURITIES
        AND EXCHANGE COMMISSION
 WASHINGTON,
        D.C. 20549
  
 **FORM
        10-K**
 
 **o**
              **ANNUAL
                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                  ACT OF
                  1934**
                
                For
                  the fiscal year ended**December 31, 2007****OR****o**
              **TRANSITION
                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                  ACT OF
                  1934**
                
                For
                  the transition period from ____________ to
                  ___________
 
 Commission
        file number 333-139564
 
 **BEIJING
        LOGISTIC, INC.**
 (Name
        of
        Registrant as specified in Its Charter)
 
 **NEVADA**
              **20-5659065**(State
                  or Other jurisdiction of Incorporation or Organization)
              (I.R.S.
                  Employer Identification No.)
 
 **No.
        A156, Xi Guo Yuan, Yong Shun Village**
 **Tongzhou
        District**
 **Beijing,
        P.R. China**
 (Address
        of Principal Executive Offices, including zip code.)
 
 **(0086)10-60538544** ****
 (Issuer’s
        Telephone Number, Including Area Code)
 
 Securities
        registered pursuant to Section 12(b) of the Act:
 **Title
                  of each class**
              **Name
                  of each exchange on which registered****None**
              **None**
 
 Securities
        registered pursuant to Section 12(g) of the Act:
 **Title
                  of each class**
              **Common
                  Stock, $.001 par value**
 
 Indicate
        by check mark if the Registrant is a well-known seasoned issuer, as defined
        in
        Rule 405 of the Securities Act.
 Yes 
        o No x
 
 Indicate by
        check
        mark if the Registrant is not required to file reports pursuant to Section
        13 or
        Section 15(d) of the Act.
 Yes o 
No x
  Indicate
        by check mark whether the Registrant (1) filed all reports required to be
        filed
        by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
        preceding 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 o
 
 Indicate
        by check mark if disclosure of delinquent filers pursuant to Item 405 of
        Regulation S-B is not contained herein, and will not be contained, to the
        best
        of the Registrant’s knowledge, in definitive proxy or information statements
        incorporated by referenced in Part III of this Form 10-K or any amendment
        to
        this Form 10-K. o
 
 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
        definitions of “large accelerated filer,” “accelerated filer” and “smaller
        reporting company” in Rule 12b-2 of the Exchange Act.
  Large
                    accelerated filer
                o
                Accelerated
                    filer oNon-accelerated
                    filer
                o
                    (Do not check if
                    a smaller reporting company)
                Smaller
                    reporting company x
  Indicate
        by check mark whether the Registrant is a shell company (as defined in Rule
        12b-2 of the Act) Yes o No x
 
 State
        the
        aggregate market value of the voting and non-voting common equity held by
        non-affiliates computed by reference to the price at which the common equity
        was
        last sold, or the average bid and asked price of such common equity. As of
        the
        last business day of the Registrant’s most recently completed second fiscal
        quarter was $46.8 million.
 
 State
        the
        number of shares outstanding of each of the issuer’s classes of common equity:
        as of April 07, 2008, there were 93,442,442 shares of common stock outstanding.
  
  **TABLE
        OF CONTENTS**
 
 PAGEPART
                  IITEM
                  1.
              
              BUSINESS
              1ITEM
                  1A.
              
              RISK
                  FACTORS
              5ITEM
                  1B.
              
              UNRESOLVED
                  STAFF COMMENTS.
              10ITEM
                  2.
              
              PROPERTIES
              10ITEM
                  3.
              
              LEGAL
                  PROCEEDINGS.
              11ITEM
                  4.
              
              SUBMISSION
                  OF MATTERS TO A VOTE OF SECURITY HOLDERS.
              11PART
                  IIITEM
                  5.
              
              MARKET
                  FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERS MATTERS AND ISSUER
                  PURCHASES OF EQUITY SECURITIES.
              11ITEM
                  6.
              
              SELECTED
                  FINANCIAL DATA.
              13ITEM
                  7.
              
              MANAGEMENT’S
                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                  OPERATIONS.
              13ITEM
                  7A.
              
              QUANTITATIVE
                  AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
              17ITEM
                  8.
              
              FINANCIAL
                  STATEMENTS AND SUPPLEMENTARY DATA.
              17ITEM
                  9.
              
              CHANGES
                  IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
                  DISCLOSURE.
              17ITEM
                  9A.
              
              CONTROLS
                  AND PROCEDURES.
              17ITEM
                  9B.
              
              OTHER
                  INFORMATION.
              17PART
                  IIIITEM
                  10.
              
              DIRECTORS,
                  EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE.
              18ITEM
                  11.
              
              EXECUTIVE
                  COMPENSATION.
              20ITEM
                  12.
              
              SECURITY
                  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
                  STOCKHOLDER MATTERS.
              22ITEM
                  13.
              
              CERTAIN
                  RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
                  INDEPENDENCE.
              23ITEM
                  14.
              
              PRINCIPAL
                  ACCOUNTANT FEES AND SERVICES.
              23PART
                  IVITEM
                  15.
              
              EXHIBITS,
                  FINANCIAL STATEMENT SCHEDULES.
              24
  
  **Forward-Looking
        Statements**
 
 We
        have
        included and from time to time may make in our public filings, press releases
        or
        other public statements, certain statements, including, without limitation,
        those under “Management’s Discussion and Analysis of Financial Condition and
        Results of Operations” in Part II, Item 7. In some cases these statements are
        identifiable through the use of words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “plan,” “project,” “target,” “can,” “could,”
“may,” “should,” “will,” “would” and similar expressions. You are cautioned not
        to place undue reliance on these forward-looking statements. In addition,
        our
        management may make forward-looking statements to analysts, investors,
        representatives of the media and others. These forward-looking statements
        are
        not historical facts and represent only our beliefs regarding future events,
        many of which, by their nature, are inherently uncertain and beyond our
        control.
 
 **PART
        I**
 
 **ITEM
        1.**  **BUSINESS**
 
 Beijing
        Logistic, Inc. (“Beijing Logistic” or the “Company” and formerly Best Care,
        Inc.) is a Nevada corporation that initially planned to establish and operate
        a
        specialized residential care unit for patients with Alzheimer’s disease. The
        Company also planned to operate additional specialized residential care units
        for Alzheimer’s patients if the first unit established is successful in terms of
        occupancy levels, and profitability. The Company was incorporated under the
        laws
        of the State of Nevada on October 3, 2006, under the name of Best Care, Inc.
 
 On
        October 19, 2007, the Company entered into an agreement and plan of merger
        (the
“Merger Agreement”) with BCAE Merger Sub, Inc. (“ Sub ”),
        China
        Baolong Logistic Limited (“ CBL ”),
        Jing-Xue Sun, Ying Zhang, Hong-Cai Sun, Yi-Xiang Yu, Jing-Shu Sun, Ruo-Gu
        Zhong,
        Yan Zhang, Xin-Hua Li, Zhong-Zhi Yu, Guo-Cai Wang, Shenzhen Huayin Guaranty
        & Investment Company Limited, Billion Hero Investments Limited, ARJUNO
        Investments Limited, Innovation Gainings Investments Limited, Even Bright
        Investment Limited, Volento Investments Limited, Nation City Investments
        Limited, and Quick Agent Investments Limited. Pursuant to the Merger Agreement,
        CBL became a wholly owned subsidiary of the Company. Further, the Company
        also
        became the indirect owner of the Chinese operating subsidiary of CBL, Beijing
        Baolong Logistics Company Limited (“BBL”). CBL
        was
        formed on March 7, 2007, under the laws of the British Virgin Island. CBL
        owns
        all of the issued and outstanding stock and ownership of BBL. BBL was
        organized in 1990, under the laws of the PRC. BBL engages primarily in the
        distribution of books to retail booksellers, eggs to retail stores, raw logs
        to
        saw mills and paper mills, railway and highway logistic transportation, and
        storage services for large cargoes.
 
 **Business
        Overview**
 
 We
        conduct all of our business in China through our operational subsidiary-Beijing
        Baolong Logistic, Co. Ltd. It is one of China’s largest third-party
        logistics providers, specializing in Books & Magazines, agricultural
        products and Chinese traditional medicine storage and shipping. We provide
        full-service, client-specific solutions to clients in the industry above,
        combining the flows of goods, information, and funds.
  1
 
 Our
        operational subsidiary-Beijing Baolong Logistics Company was founded at 1990
        as
        a small delivery company, mainly focusing on egg and daily products’ shipping.
        Today, we have extended our service to a diverse portfolio of customers and
        industries, including hundreds of products. To improve operations for hundreds
        of clients by reducing costs and products transportation period, all of our
        facilities are operated by seasoned logistics professionals invested in
        providing customers dependable integrated warehousing, transportation, and
        logistics services. Our collaborative effort of people, technology, and location
        allow us to meet the needs of even the most demanding customers. This has
        made
        us a trusted third-party provider of logistics services in China.
 
 In
        terms
        of operational scale and capacity, we have 24 branches and distribution centers
        nationwide. The headquarters are located in Tongzhou District, Beijing,
        including office buildings totaling 20,000 square feet and warehouses totaling
        nearly 200,000 square feet. The total storage capacity of our warehouses
        nationwide is approximately 800,000 square feet.
 
 Our
        net
        revenues for the years ended December 31, 2007, 2006, and 2005, were
        $85,916,514, $56,604,535, and $40,704,142, respectively.
 
 **Business
        Segments**
 
 We
        mainly
        engage in books and magazines, agricultural products, wood, and Chinese
        traditional medicine storage and transportation services.
 
 *Books
        & Magazine Storage and Distribution*
 
 Books
        and
        magazine storage and distribution is our core business. We entered this industry
        in 1995, with a well-established modern business operating system and multiple
        different transportation routes. By combining warehousing, transportation,
        and
        logistics, we have approximately 70% of total market share of the books and
        magazine distribution industry in China.
 
 We
        have
        established a business relationship with over 900 publishers in China. In
        2007,
        our top five clients are Zhongxin Publisher, National Defense Industry Press,
        Blue Image Publisher, Foreign Language Education Publisher, and Mechanical
        Engineering Publisher. These five customers account for approximately 40%
        of the
        Company’s total revenues from the publishing logistics business. The Company
        does not rely on any single customer, as we have a broad customer
        network.
 
 We
        are
        the first logistics company to have its own warehouse and trusteeship management
        system for the books and the magazine industry. We operate professionally
        managed, secure, dry storage space in the Midwest, Southeast, and Northeast
        regions of the China; providing inventory control, Pick/ Pack service, and
        order
        fulfillment.
 
 The
        major
        competitors in the books and magazine segment are: Liulin Logistics Company
        Limited; China Southwest Logistics Company Limited; and Hongxianda Logistics
        Company Limited.
 
 Our
        yearly transportation capacity is over 500,000 tons.
  2
 
 *Agricultural
        Products Distribution*
 
 Shipping
        eggs from Northern China to Southern China is our earliest business. Northeast
        Liaoning, Jilin, and Heilongjiang Provinces are China's egg production base,
        and
        there are approximately 550 tons of eggs being sold to Southern China every
        day,
        which accounts for over 34% of the total eggs shipped throughout China. We
        transfer eggs from Shenyang city, which is the capital city of Liaoning
        provinces and center of egg production base, to southern China and Hong Kong
        markets via four major railroad lines: Shenyang- Guangzhou; Beijing-Guangzhou;
        Guangzhou-Hong Kong; and Guangzhou-Macao. Today, we account for nearly 90
        percent of the total shipping volume of eggs, which is approximately 480
        tons
        per day, from Shenyang city to southern China.
 
 Because
        of our advantage in the market share in connection with the distribution
        of
        eggs, we do not have major competitors. Our major clients are: Guangdong
        Xinghua
        Company Limited, Dongguan Lianxing Company Limited; Guangzhou Xingxing Food
        Distribution Company Limited, Guangzhou Zhengda Company Limited, and Guangzhou
        Wanshun Company Limited. These five customers account for approximately 30%
        of
        the Company’s total revenues from the eggs logistics business. The Company does
        not rely on any single customer, as we have a broad customer
        network.
  Our
        yearly transportation capacity is approximately 200,000 tons.
 
 *Chinese
        Traditional Medicine*
 
 The
        origin of raw materials of Chinese Traditional Medicine is Heilongjiang
        Province, Jilin Province, and Liaoning Province area, which are located in
        Northern China. We focus on the shipping of raw materials from Northern China
        to
        the biggest consumption markets in China-Guangzhou, Hong Kong and Macao,
        which,
        accounts for approximately 95% of the market share. The major product we
        ship is
“ Northeast
        Changbai Mountain ginseng herbs,” which is a well-known and expensive medicine
        in China. According
        to statistics in the Northeast provinces of China, during 2003 and 2004,
        the
        demand for ginseng was approximately 6,000 tons annually. In 2005, the demand
        increased to 7,000 tons annually. In this same period, the Pearl River Delta
        Region, including Hong Kong, Macao, and Taiwan consumed over 65% of the ginseng
        provided by the Chinese market.
 
 Our
        yearly transportation capacity is approximately 100,000
        tons.
 
 **Distribution
        and Transportation**
 
 Our
        transportation solutions are comprised of seasoned transportation professionals
        with the expertise to reduce clients’ transit times and optimize TL / LTL
        (Truckload/Less Than Truckload) programs to lower freight costs. All of our
        facilities are rail and highway-served. The total transportation volume can
        reach 1,500,000 tons per year. We have the ability to coordinate outbound
        rail
        and highway shipments from our distribution centers to customers, and also
        to
        facilitate inbound rail shipments coming from clients’ manufacturing sites to
        our facilities. We provide rail shipment tracking for all outbound orders
        originating at our facilities, as well as other rail shipments upon request.
        The
        partnerships that we have developed with rail carriers over the past two
        decades
        allow us to help customers work closely with railroads to expedite shipments
        and
        track trucks.
 
 For
        highway transportation, we have 49 trucks and trailers in diversified
        models and sizes, which connect our nationwide distribution centers.
  3
 
 Our
        Transportation System has the following features:
  ·
              Event
                  and status monitoring
  ·
              Filtering
                  the results to view only shipments deviating from trip plans
  ·
              Forwarder
                  and carrier rating and performance reporting
  ·
              Appointment
                  scheduling
  ·
              Contract
                  fulfillment, route, and rate management
  ·
              Freight
                  auditing
  ·
              Equipment
                  demurrage, detention, and per diem management
  **Technology**
 
 Technology
        is the backbone of everything we do at Beijing Logistic Inc. It is at the
        heart
        of customer access to the Company. We launched several advanced technology
        systems to monitor different business segments:
 
 *WMS
        -
        Warehouse Management Systems*
 
 We
        provide one of the most flexible and expandable sets of facility software
        available with modules to cover everything from purchasing to inventory control,
        logistics, warehouse automation, order processing, fulfillment verification,
        returns processing (reverse logistics), facilities maintenance, and maintenance
        automation which helps us manage, control, and review inventory levels in
        real
        time in a single facility or across an enterprise.
 
 Inventory
        tracking is a critical requirement for WMS. Inventory status must always
        be
        available and current, broken down by item, lot, or sublot, as required.
        By
        flagging each transaction by “stage,” where it is in the process, the inventory
        is maintained by the quantity in the possession of the warehouse, by pending
        receipts/shipments, and by receipts/shipments outside of the usual planning
        period of the warehouse. Unavailable inventory, such as damaged items, customs
        holds, quality assurance issues, and reserved inventory are separately tracked.
        This information is available to the customer as printed, faxed, or e-mailed
        reports, and over the internet.
 
 Our
        online internet access is available for entering or updating receipts and
        shipments, up to the point where the customer can assign inventory to an
        order.
        Customers may also inquire into the status of orders, available inventory,
        and
        transaction history. This includes the ability to print reports. Each customer
        can customize its view of the data.
 
 *GPS-Global
        Positioning System*
 
 We
        use a
        GPS system to track, locate packages, and to gather the latest information
        in
        order to reduce the time for transportation vehicles scheduling and assignment.
  4
 
 *RTX
        -Real Time Exchange System*
 
 This
        system improves communications services in our different departments. Different
        departments can update and track the latest inventory, shipping, and other
        information between departments in our internal internet.
 
 *EDI-Electronic
        Data Interchange System*
 
 EDI
        is a
        computer-to-computer exchange of structured information from one computer
        application to another by electronic means with a minimum of human intervention.
        We use the electronic exchange of documents for receipts, shipments, and
        inventory status information. The communications module we use automatically
        sends files to, and receives files from, the customer or an intermediary,
        sends
        acknowledgements and processes the data.
 
 Below
        is
        the some of transaction information that goes through the EDI:
 
 **Incoming
                  Transaction Sets**
              **Outgoing
                  Transaction Sets**Inventory
                  Inquiry/Advice
              Trans
                  Carrier Shipment Status MessagePurchase
                  Order
              Inventory
                  Inquiry/AdviceShip
                  Notice/Manifest
              Warehouse
                  Activity ReportText
                  Message
              Advance
                  Ship NoticeItem
                  Maintenance
              Order
                  Status ReportWarehouse
                  Shipping Order
              Inventory
                  Status ReportWarehouse
                  Stock Transfer Shipment Advice
              Warehouse
                  Stock Transfer Receipt AdviceAdministrative
                  Message
              Warehouse
                  Shipping AdviceFunctional
                  Acknowledgement
              Warehouse
                  Inventory Adjustment AdviceAcceptance/Rejection
                  Advice
              Functional
                  AcknowledgementAcceptance/Rejection
                  Advice
 
 With
        a
        comprehensive network of service centers and advanced information systems,
        we
        can help clients meet their critical business standards.
 
 **Employees**
 
 Currently,
        the Company has 862 employees, of which 686 are full time.
 
 **ITEM
        1A. RISK FACTORS**
 
 **Risks
        associated with our Common Stock**
 
 **There
        is a limited public market for our common stock.**
 
 There
        is
        currently a limited public market for our common stock. Holders of our common
        stock may, therefore, have difficulty selling their common stock, should
        they
        decide to do so. In addition, there can be no assurances that such markets
        will
        continue or that any shares of common stock, which may be purchased may be
        sold
        without incurring a loss. Any such market price of the common stock may not
        necessarily bear any relationship to our book value, assets, past operating
        results, financial condition, or any other established criteria of value,
        and
        may not be indicative of the market price for the common stock in the future.
        Further, the market price for the common stock may be volatile depending
        on a
        number of factors, including business performance, industry dynamics, news
        announcements, or changes in general economic conditions.
  5
  **Our
        common stock may be deemed penny stock with a limited trading
        market** .
 
 Our
        common stock is currently quoted on the Over-The-Counter Market on the NASD
        Electronic Bulletin Board or in the “pink sheets” maintained by the National
        Quotation Bureau, Inc., which are generally considered to be less efficient
        markets than markets such as NASDAQ or other national exchanges, and which
        may
        cause difficulty in conducting trades and difficulty in obtaining future
        financing. Further, our securities are subject to the “penny stock rules”
adopted pursuant to Section 15 (g) of the Securities Exchange Act of 1934,
        as
        amended (the “Exchange Act”). The penny stock rules apply to non-NASDAQ
        companies whose common stock trades at less than $5.00 per share or which
        have
        tangible net worth of less than $5,000,000 ($2,000,000 if the company has
        been
        operating for three or more years). Such rules require, among other things,
        that
        brokers who trade “penny stock” to persons other than “established customers”
complete certain documentation, make suitability inquiries of investors and
        provide investors with certain information concerning trading in the security,
        including a risk disclosure document and quote information under certain
        circumstances. Many brokers have decided not to trade “penny stock” because of
        the requirements of the penny stock rules and, as a result, the number of
        broker-dealers willing to act as market makers in such securities is limited.
        In
        the event that we remain subject to the “penny stock rules” for any significant
        period, there may develop an adverse impact on the market, if any, for our
        securities. Because our securities are subject to the “penny stock rules,”
investors will find it more difficult to dispose of our securities. Further,
        for
        companies whose securities are traded in the Over-The-Counter Market, it
        is more
        difficult: (i) to obtain accurate quotations, (ii) to obtain coverage for
        significant news events because major wire services, such as the Dow Jones
        News
        Service, generally do not publish press releases about such companies, and
        (iii)
        to obtain needed capital.
  **We
        do not intend to pay dividends on our common stock.**
 
 Prior
        to
        the merger in October 2007 as described above, Beijing Baolong Logistics
        Co.
        Ltd. paid dividends to its stockholders. There are no plans for paying dividends
        on common stock in the foreseeable future. We intend to retain earnings,
        if any,
        to provide funds for the operation of our business. Therefore there can be
        no
        assurance that holders of commons tock will receive any additional cash,
        stock
        or other dividends on their shares of common stock until we have funds, which
        the Board of Directors determines, can be allocated to dividends.
 
 **Risks
        related to doing business in China**
 
 **Our
        business operations take place primarily in China. Because Chinese laws,
        regulations, and policies are continually changing, our Chinese operations
        will
        face several risks summarized below.**
 
 **Limitations
        on Chinese economic market reforms may discourage foreign investment in Chinese
        businesses.** ******
 
 The
        value
        of investments in Chinese businesses could be adversely affected by political,
        economic, and social uncertainties in China. The economic reforms in China
        in
        recent years are regarded by China’s central government as a way to introduce
        economic market forces into China. Given the overriding desire of the central
        government leadership to maintain stability in China amid rapid social and
        economic changes in the country, the economic market reforms of recent years
        could be slowed, or even reversed.
  6
 
 **Any
        change in policy by the Chinese government could adversely affect investments
        in
        Chinese businesses.**
 
 Changes
        in policy could result in imposition of restrictions on currency conversion,
        imports, or the source of suppliers, as well as new laws affecting joint
        ventures and foreign-owned enterprises doing business in China. Although
        China
        has been pursuing economic reforms for the past two decades, events such
        as a
        change in leadership or social disruptions that may occur upon the proposed
        privatization of certain state-owned industries could significantly affect
        the
        government’s ability to continue with its reform.
 
 **We
        face economic risks in doing business in China** ***.*** **
 
 As
        a
        developing nation, China’s economy is more volatile than that of developed
        Western industrial economies. It differs significantly from that of the U.S.
        or
        a Western European Country in such respects as structure, level of development,
        capital reinvestment, resource allocation, and self-sufficiency. Only in
        recent
        years has the Chinese economy moved from what had been a command economy
        through
        the 1970s to one that during the 1990s encouraged substantial private economic
        activity. In 1993, the Constitution of China was amended to reinforce such
        economic reforms. The trends of the 1990s indicate that future policies of
        the
        Chinese government will emphasize greater utilization of market forces. For
        example, in 1999 the Government announced plans to amend the Chinese
        Constitution to recognize private property, although private business will
        officially remain subordinated to the state-owned companies, which are the
        mainstay of the Chinese economy. However, there can be no assurance that,
        under
        some circumstances, the government’s pursuit of economic reforms will not be
        restrained or curtailed. Actions by the central government of China could
        have a
        significant adverse effect on economic conditions in the country as a whole
        and
        on the economic prospects for our Chinese operations.
 
 **The
        Chinese legal and judicial system may negatively impact foreign
        investors** ***.*** **
 
 In
        1982,
        the National People’s Congress amended the Constitution of China to authorize
        foreign investment and guarantee the “lawful rights and interests” of foreign
        investors in China. However, China’s system of laws is not yet comprehensive.
        The legal and judicial systems in China are still rudimentary, and enforcement
        of existing laws is inconsistent. Many judges in China lack the depth of
        legal
        training and experience that would be expected of a judge in a more developed
        country. Because the Chinese judiciary is relatively inexperienced in enforcing
        the laws that do exist, anticipation of judicial decision-making is more
        uncertain than would be expected in a more developed country. It may be
        impossible to obtain swift and equitable enforcement of laws that do exist,
        or
        to obtain enforcement of the judgment of one court by a court of another
        jurisdiction. China’s legal system is based on written statutes; a decision by
        one judge does not set a legal precedent that is required to be followed
        by
        judges in other cases. In addition, the interpretation of Chinese laws may
        be
        varied to reflect domestic political changes.
 
 The
        promulgation of new laws, changes to existing laws, and the pre-emption of
        local
        regulations by national laws may adversely affect foreign investors. However,
        the trend of legislation over the last 20 years has significantly enhanced
        the
        protection of foreign investment and allowed for more control by foreign
        parties
        of their investments in Chinese enterprises. There can be no assurance that
        a
        change in leadership, social or political disruption, or unforeseen
        circumstances affecting China’s political, economic, or social life, will not
        affect the Chinese government’s ability to continue to support and pursue these
        reforms. Such a shift could have a material adverse effect on our business
        and
        prospects.
  7
 
 The
        practical effect of the People’s Republic of China legal system on our business
        operations in China can be viewed from two separate but intertwined
        considerations. First, as a matter of substantive law, the Foreign Invested
        Enterprise laws provide significant protection from government interference.
        In
        addition, these laws guarantee the full enjoyment of the benefits of corporate
        Articles and contracts to Foreign Invested Enterprise participants. These
        laws,
        however, do impose standards concerning corporate formation and governance,
        which are not qualitatively different from the general corporation laws of
        the
        several states. Similarly, the People’s Republic of China accounting laws
        mandate accounting practices, which are not consistent with accounting
        principles generally accepted in the United States. China’s accounting laws
        require that an annual “statutory audit” be performed in accordance with
        People’s Republic of China accounting standards and that the books of account of
        Foreign Invested Enterprises are maintained in accordance with Chinese
        accounting laws. Article 14 of the People’s Republic of China Wholly
        Foreign-Owned Enterprise Law requires a Wholly Foreign-Owned Enterprise to
        submit certain periodic fiscal reports and statements to designated financial
        and tax authorities, at the risk of business license revocation. Second,
        while
        the enforcement of substantive rights may appear less clear than United States
        procedures, the Foreign Invested Enterprises and Wholly Foreign- Owned
        Enterprises are Chinese registered companies, which enjoy the same status
        as
        other Chinese registered companies in business-to-business dispute resolution.
        Generally, the Articles of Association provide that all business disputes
        pertaining to Foreign Invested Enterprises are to be resolved by the Arbitration
        Institute of the Stockholm Chamber of Commerce in Stockholm, Sweden applying
        Chinese substantive law. Any award rendered by this arbitration tribunal
        is, by
        the express terms of the respective Articles of Association, enforceable
        in
        accordance with the “United Nations Convention on the Recognition and
        Enforcement of Foreign Arbitral Awards (1958).” Therefore, as a practical
        matter, although no assurances can be given, the Chinese legal infrastructure,
        while different in operation from its United States counterpart, should not
        present any significant impediment to the operation of Foreign Invested
        Enterprises.
 
 **Economic
        Reform Issues**
 
 Although
        the Chinese government owns the majority of productive assets in China, in
        the
        past several years the government has implemented economic reform measures
        that
        emphasize decentralization and encourage private economic activity. Because
        these economic reform measures may be inconsistent or ineffectual, there
        are no
        assurances that:
  ·
              We
                  will be able to capitalize on economic reforms;·
              The
                  Chinese government will continue its pursuit of economic reform
                  policies;·
              The
                  economic policies, even if pursued, will be successful;·
              Economic
                  policies will not be significantly altered from time to time;
                  and·
              Business
                  operations in China will not become subject to the risk of
                  nationalization.
  Since
        1979, the Chinese government has reformed its economic system. Because many
        reforms are unprecedented or experimental, they are expected to be refined
        and
        improved. Other political, economic, and social factors, such as political
        changes, changes in the rates of economic growth, unemployment, or inflation,
        or
        in the disparities in per capita wealth between regions within China, could
        lead
        to further readjustment of the reform measures. This refining and readjustment
        process may negatively affect our operations.
  8
 
 Over
        the
        last few years, China’s economy has registered a high growth rate. Recently,
        there have been indications that rates of inflation have increased. In response,
        the Chinese government recently has taken measures to curb this excessively
        expansive economy. These measures have included devaluations of the Chinese
        currency, the Renminbi (RMB), restrictions on the availability of domestic
        credit, reducing the purchasing capability of certain of its customers, and
        limited re-centralization of the approval process for purchases of some foreign
        products. These austerity measures alone may not succeed in slowing down
        the
        economy’s excessive expansion or control inflation, and may result in severe
        dislocations in the Chinese economy. The Chinese government may adopt additional
        measures to further combat inflation, including the establishment of freezes
        or
        restraints on certain projects or markets.
 
 To
        date,
        reforms to China’s economic system have not adversely impacted our operations
        and are not expected to adversely impact operations in the foreseeable future;
        however, there can be no assurance that the reforms to China’s economic system
        will continue or that we will not be adversely affected by changes in China’s
        political, economic, and social conditions and by changes in policies of
        the
        Chinese government, such as changes in laws and regulations, measures which
        may
        be introduced to control inflation, changes in the rate or method of taxation,
        imposition of additional restrictions on currency conversion and remittance
        abroad, and reduction in tariff protection and other import
        restrictions.
  **Our
        shareholders may not be able to enforce U.S. civil liabilities
        claims.**
  Our
        assets are located outside the United States and are held through a wholly
        owned
        subsidiary incorporated under the laws of Nevada. Our current operations
        are
        conducted in China. In addition, our Directors and officers are residents
        of
        countries other than the United States. All or a substantial portion of the
        assets of these persons are located outside the United States. As a result,
        it
        may be difficult for you to effect service of process within the United States
        upon these persons. In addition, there is uncertainty as to whether the courts
        of China would recognize or enforce judgments of United States courts obtained
        against us or such persons predicated upon the civil liability provisions
        of the
        securities laws of the United States or any state thereof, or be competent
        to
        hear original actions brought in these countries against us or such persons
        predicated upon the securities laws of the United States or any state
        thereof.
  **Risk
        Factors Associated with Our Business**
 
 **We
        Depend on the Continued Services of Our Executive Officers and the Loss of
        Key
        Personnel Could Affect Our Ability to Successfully Grow Our
        Business** ***.***
 
 We
        are
        highly dependent upon the services of our senior management team, particularly
        Yu Zhang, our Chief Executive Officer and other executives in the management
        team. The permanent loss for any of our key executives could have a material
        adverse effect upon our operating results. We may not be able to locate suitable
        replacements for our executives if their services were lost. We do not maintain
        key man life insurance on any of these individuals.
 
 **If
        we are unable to successfully integrate the businesses we acquire, our ability
        to expand our product offerings and geographic reach may be significantly
        limited** ***.***
 
 In
        order
        to expand our product offerings and grow our customer base by reaching new
        customers through expanded geographic coverage, we may continue to acquire
        businesses that we believe are complimentary to our growth strategy.
        Acquisitions involve numerous risks, including difficulties in the assimilation
        of acquired operations, loss of key personnel, distraction of management’s
        attention from other operational concerns, failure to maintain supplier
        relationships, inability to maintain goodwill of customers from acquired
        businesses, and the inability to meet projected financial results that supported
        how much was paid for the acquired businesses.
  9
 
 **Our
        business will be harmed if we are unable to maintain our supplier alliance
        agreements with favorable terms and conditions.**
 
 We
        have
        licensing/distribution agreements with key suppliers in a number of major
        product categories. Our business will be harmed if we are unable to maintain
        these favorable agreements or are limited in our ability to gain access to
        additional like agreements with our key suppliers.
 
 **Market
        risk**
 
 Our
        exposure to market risk is directly related to China’s economy, especially the
        logistics market. If the economy or logistics market were to slow down due
        to
        political, economic, or other reasons, Company operations, and revenues would
        be
        adversely impacted.
 
 **The
        inability to successfully manage the growth of our business may have a material
        adverse effect on our business, results or operations, and financial
        condition.**
 
 We
        expect
        to experience growth in the number of employees and the scope of our operations
        as a result of internal growth and acquisitions. Such activities could result
        in
        increased responsibilities for management. Our future success will be highly
        dependent upon our ability to manage successfully the expansion of operations.
        Our ability to manage and support our growth effectively will be substantially
        dependent on our ability to implement adequate improvements to financial,
        inventory, management controls, reporting, union relationships, order entry
        systems and other procedures, and hire sufficient numbers of financial,
        accounting, administrative, and management personnel. There can be no assurance
        that we will be able to identify, attract and retain experienced accounting
        and
        financial personnel.
 
 Our
        future success depends on our ability to address potential market opportunities
        and to manage expenses to match our ability to finance operations. The need
        to
        control our expenses will place a significant strain on our management and
        operational resources. If we are unable to control our expenses effectively,
        our
        business, results of operations and financial condition may be adversely
        affected.
 
 **ITEM
        1B. UNRESOLVED STAFF COMMENTS**
 
 None.
 
 **ITEM
        2.**  **PROPERT** **IES** **.**
  We
        do not
        own any land or buildings; as we rent all of our offices and warehouses.
        Our
        executive offices are located at No. A156, Xi Guo Yuan, Yong Shun Village,
        Tongzhou District, Beijing, P.R. China, which is also the headquarters of
        Beijing Logistic Inc. The headquarters has two office buildings and four
        warehouses, with a total of approximately 220,000 square feet, with annual
        rent
        approximately $601,044. The lease period is from 2002 to 2011.
  10
 
 Other
        equipment is carried at cost. Depreciation and amortization are provided
        under
        the straight-line method over the estimated useful lives of the assets, which
        are as follows: Vehicles—5 to 10 years; Production Machines— 5 to 10 years;
        Office equipment—5 years. We own an aggregate of 49 cars and trucks. The total
        book value of vehicles is $1,675,834, with approximately $579,247 of accumulated
        depreciation. The book value for office equipment is $299,382, with
        approximately $98,719 of accumulated depreciation; for production machinery,
        book value is $132,617 with approximately $75,582 of accumulated
        depreciation.
  **ITEM
        3. LEGAL PROCEEDINGS.**
  Neither
        the Company nor its property is a party to any material pending legal
        proceeding.The
        Company’s management does not believe that there are any proceedings to which
        any Director, officer, or affiliate of the Company, any owner of record of
        beneficially held or owner of more than five percent (5%) of the Company’s
        common stock, or any associate of any such Director, officer, affiliate of
        the
        Company, or security holder is a party adverse to the Company, or has a material
        interest adverse to the Company.
 
 **ITEM
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**
 
 On
        November 30, 2007, stockholders who owned 57,674,967 shares of the Company’s
        common stock, (then representing approximately 61.72% of the outstanding
        shares
        of the Company’s common stock), executed and delivered written consents
        authorizing an amendment to the Company’s Articles of Incorporation, to: (i)
        change the Company’s name, and (ii) increase the number of authorized shares of
        common stock from 100,000,000 to 500,000,000. The Company filed and mailed
        an Information Statement on Schedule 14C, and reference is made thereto.
The
        documents pertaining to the change in the number of shares authorized were
        filed
        with the Nevada Secretary of State on January 15, 2008.
  **PART
        II**
 
 **ITEM
        5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
        PURCHASES OF EQUITY SECURITIES.**
 
 Our
        common stock was quoted through the Over-The-Counter Bulletin Board from
        February 20, 2007 through January 15, 2008 under the symbol BCAE.OB. On January
        15, 2008, our symbol was changed to “BJGL.OB.” The
        following table sets forth the range of quarterly
        high and low closing bids of the common stock from February 20, 2007, though
        December 31, 2007:
  low
                  bid*
              
              high
                  bid*2007Quarter
                  ended March (1)
              
              $
              0.5
              
              $
              0.75Quarter
                  ended June
              
              $
              0.75
              
              $
              0.75Quarter
                  ended September
              
              $
              0.75
              
              $
              0.75Quarter
                  ended December
              
              $
              0.75
              
              $
              0.75
 
 *The
        quotations reflect inter-dealer prices, without retail mark-up, mark-down,
        or
        commission and may not represent actual transactions.
  (1)  Period
        commences February 20, 2007, the date our common stock commenced quotation
        on
        the Over-The-Counter Bulletin Board.
  11
 
 **Stockholders**
  As
        of the
        close of business on April 11, 2008, there were approximately 28 holders
        of
        record of the Company’s common stock. H owever,
        we believe that there are additional beneficial owners of our common
        stock who own their shares in a “street name.”
 
 **Dividends**
  Prior
        to
        the merger in October 2007 as described above, Beijing Baolong Logistics
        Co.
        Ltd. (our operating subsidiary) paid dividends to its stockholders under
        the
        laws of the PRC. For the year ended December 31, 2007, the payment for the
        dividends amounted to $4,566,801, and for the year ended December 31, 2006,
        the
        aggregate amount was $6,268,980. Beijing Baolong Logistics Co. Ltd. made
        such
        dividend payments to its shareholders by advancing such sums to its stockholders
        in March and or April of the respective year. These advances are repayable
        to
        the Company upon demand and bear no interest. The recipients of this dividend
        include Mr. Jingxue Sun (Chairman of the Board of Directors of the Company).
        This practice was performed by our operational subsidiary-Beijing Baolong
        Logistics Company Limited, before Best Care, Inc. acquired it and did not
        involve the stockholders of Best Care, Inc.
 
 Best
        Care, Inc. has not
        declared or paid dividends on our Common Stock since our formation, and we
        do
        not anticipate paying dividends in the foreseeable future. Declaration or
        payment of dividends, if any, in the future, will be at the discretion of
        our
        Board of Directors and will depend on our then current financial condition,
        results of operations, capital requirements, and other factors deemed relevant
        by the Board of Directors. There are no contractual restrictions on our ability
        to declare or pay dividends.
 
 **Securities
        authorized for issuance under equity compensation plans**
  As
        of
        December 31, 2007, none of our equity securities was authorized to be issued
        under any compensation plans (including individual compensation
        arrangements).
  **Repurchase
        of Securities**
  We
        did
        not repurchase any shares of our common stock during the fourth quarter of
        2007.
 
 **Recent
        Sales of Unregistered Securities**
  All
        equity securities sold by us during the period covered by this Report previously
        has been included on a Current Report on Form 8-K.
 
 **Forward
        Looking Statements**
 
 We
        have
        included and from time to time may make in our public filings, press releases,
        or other public statements, certain statements, including, without limitation,
        those under “Management’s Discussion and Analysis or Plan of Operations” in Part
        II, Item 7. In some cases these statements are identifiable through the use
        of
        words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
“project,” “target,” “can,” “could,” “may,” “should,” “will,” “would” and
        similar expressions. You are cautioned not to place undue reliance on these
        forward-looking statements. In
        addition, our management may make forward-looking statements to analysts,
        investors, representatives of the media, and others. These forward-looking
        statements are not historical facts and represent only our beliefs regarding
        future events, many of which, by their nature, are inherently uncertain and
        beyond our control.
  12
  **ITEM
        6. SELECTED FINANCIAL DATA**
 
 The
        following selected financial data with respect to fiscal years 2005 through
        2007
        have been derived from the Company’s audited financial statements. The
        information should be read in conjunction with the financial statements and
        notes thereto that appear elsewhere in this Annual Report on Form 10-K and
        Item 7, “Management’s Discussion and Analysis of Financial Condition and
        Results of Operations.”
  **2007**
              
              **2006**
              
              **2005****Net
                  Sales**
              
              $
              85,916,514
              
              $
              56,604,535
              
              $
              40,704,142**Cost
                  ofRevenues**
              
              $
              64,186,115
              
              $
              41,268,167
              
              $
              30,018,749**Operating
                  Income**
              
              $
              20,161,313
              
              $
              14,152,801
              
              $
              9,706,727**Net
                  income**
              
              $
              13,537,223
              
              $
              9,556,333
              
              $
              6,570,624**Foreign
                  Exchange Rate**
              
              
              0.1371
              
              
              0.1256
              
              
              0.1222
  **ITEM
        7.**  **MANAGEMENT’S
        DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
        OPERATIONS** **.**
 
 The
        following discussion should be read in conjunction with the financial statements
        and notes thereto appearing elsewhere in this Form 10-K. The following
        discussion contains forward-looking statements. Our actual results may differ
        significantly from those projected in the forward-looking statements. Factors
        that may cause future results to differ materially from those projected in
        the
        forward-looking statements include, but are not limited to, those discussed
        in
“Risk Factors” and elsewhere in this Form 10-K.
 
 Our
        MD&A is comprised of three major sections: Results of Operations, Financial
        Condition, and 2008 outlook. These sections include the following information:
 
 ·
                Results
                    of Operations include an overview of our 2007 results compared
                    to 2006.
                    This section also includes a discussion of key actions and events
                    that
                    impacted our results, as well as a discussion of our outlook
                    for
                    2008.
  ·
                The
                    overview is followed by a financial summary and analysis for
                    each of our
                    reportable business segments.
 ·
                Our
                    financial condition is reviewed through an analysis of key elements
                    of our
                    liquidity, capital resources, and contractual cash obligations,
                    including
                    a discussion of our cash flow statements and our financial
                    commitments.
  13
  The
        key
        indicators necessary to understand our operating results include:
 
 ·
                The
                    overall customer demand for our various services;
  ·
                The
                    volumes of transportation and business services provided through
                    our
                    networks, primarily measured by our average daily volume and
                    shipment
                    weight;
 ·
                The
                    mix of services purchased by our customers;
 
 ***Results
        of Operations***
 
 The
        following table compares revenues, operating income, operating margin, and
        net
        income for the years ended December 31, 2007, and 2006:
 
 **2007**
              
              **2006**
              
              **%
                  Change****Revenues**
              
              $
              85,916,514
              
              $
              56,604,535
              
              
              51.8
              %**Cost
                  of Revenues**
              
              $
              64,186,115
              
              $
              41,268,167
              
              
              55.5
              %**General
                  and Administrative Expenses**
              
              $
              1,569,086
              
              $
              1,183,567
              
              
              32.6
              %**Operating
                  Income**
              
              $
              20,161,313
              
              $
              14,152,801
              
              
              42.5
              %**Operating
                  Margin**
              
              
              23.47
              %
              
              25
              %
              
              -1.5
              %**Net
                  Income**
              
              $
              13,537,223
              
              $
              9,556,333
              
              
              41.7
              %
  The
        following table shows changes in revenues by certain reportable segments
        for
        2007, and 2006:
 
 **Revenues****2007**
              
              **2006**
              
              **%
                  change****Books**
              
              $
              51,948,062
              
              $
              31,145,205
              
              
              66.8
              %**Agricultural
                  Products**
              
              $
              19,619,449
              
              $
              14,601,965
              
              
              34.4
              %**Traditional
                  Medicine**
              
              $
              13,992,828
              
              $
              10,105,216
              
              
              38.5
              %**Other**
              
              $
              356,175
              
              $
              752,149
              
              
              -52.65
              %
  The
        following table shows changes in transportation capacity (tons) by reportable
        segment for 2007, and 2006,:
  **Yearly
                  Shipping Weight (tons)****2007**
              
              
              **2006**
              
              
              **Percentage
                  Change****Books**
              
              
              504,714
              
              
              317,916
              
              
              58.8
              %**Agricultural
                  Products**
              
              
              218,026
              
              
              170,482
              
              
              27.9
              %**Traditional
                  Medicine**
              
              
              99,130
              
              
              75,213
              
              
              31.8
              %**Other**
              
              
              119,202
              
              
              147,148
              
              
              -19.0
              %
  14
  **Revenues**
  From
        the
        table above, total sales increased 51.8%, from $56,604,535 in 2006 to
        $85,916,514 in 2007. The major contribution of this growth was the expansion
        of
        our Books Logistics business. In 2007, revenues from books and magazines
        logistics management increased 66.8% compared to 2006, because we continued
        to
        focus on expanding warehouse service offerings as a third party logistics
        trustee company. We built up new distribution centers in large cities in
        order
        to organize and manage inventory for many publishers, as a result, we earned
        profit not just from books and magazines shipping, but also from the
        management service in the warehouse. Our management diversified services,
        and
        improved efficiency in order to satisfy the requirement of different clients,
        and the client base has been increased. In addition, the revenues from the
        eggs
        and traditional medicine business segments also increased 34.4% and 38.5%,
        respectively in the last two years.
 
 **Operating
        Income**
 
 Operating
        income increased 42.5% from $14,152,801 in 2006 to $20,161,313 during 2007
        primarily due to revenue growth. However, operating margin slightly decreased
        1.5%, from 25% in 2006 to 23.5% in 2007, because of the following reasons:
        relatively higher increase of our cost of revenues: $64,186,115 in fiscal
        2007
        (or 74.7% of net revenues), an increase of $22,917,948 (or approximately
        55.5%)
        over the cost of revenues in fiscal 2006; higher salaries and benefits, which
        were $532,299 and $75,001 in 2007, respectively, as a result of an increase
        in
        our incentive salary plan and award plan for employees, an increase in the
        commission rate for the marketing department; higher fuel costs, and
        professional fees related to going public in the United States.
 
 **Net
        Income**
 
 Net
        income was $13,537,223 for the year ended December 31, 2007, compared to
        $9,556,333 for the same period in 2006, an increase of $3,980,890. The increase
        of net income resulted primarily from the increase in revenues and increase
        in
        operating income as discussed above.
 
 **2006
        Compared to 2005**
 
 ***2006***
              
              ***2005***
              
              ***%
                  Change*****Revenues**
              
              $
              56,604,535
              
              $
              40,704,142
              
              
              39.06
              %**Cost
                  of Revenues**
              
              $
              41,268,167
              
              $
              30,018,749
              
              
              37.47
              %**General
                  and Administrative Expenses**
              
              $
              1,183,567
              
              $
              978,666
              
              
              20.93
              %**Operating
                  Income**
              
              $
              14,152,801
              
              $
              9,706,727
              
              
              45.80
              %**Operating
                  Margin**
              
              
              25
              %
              $
              23.8
              %
              
              1.2
              %**Net
                  Income**
              
              $
              9,556,333
              
              $
              6,570,624
              
              
              45.44
              %
 
 **Revenues**
  Sales
        for
        the year ended December 31, 2006, totaled $56,604,535 compared to $40,704,142
        for the year December 31, 2005, resulting in an increase of $15,900,393 or
        approximately 39%. The increase was due to the increased recognition from
        the
        consumer markets which resulted in more clients.
 
 **General
        and administrative Expenses**
 
 Total
        operating expenses for the year ended December 31, 2006, totaled $1,183,567
        compared to $978,666 for the year ended December 31, 2005. The increase in
        operating expenses of $204,901 was due to the increase in the salaries,
        advertisement expenses, transportation and maintenance fees.
  15
 
 **Operating
        Income**
  Operating
        income for the year ended December 31, 2006, was $14,152,801 as compared
        to
        $9,706,727 for the year ended December 31, 2005, an increase of $4,446,074.
        The
        increase was due to increase in net sales.
 
 **Net
        Income**
 
 Net
        income was $9,556,333 for the year ended December 31, 2006, compared to
        $6,570,624 for the same period in 2005, an increase of $2,985,709. The increase
        of net income resulted primarily from the increase in revenues and relatively
        lower increase in cost of revenue as discussed above.
 
 ***Financial
        Condition***
 
 **Liquidity
        and Capital Resources**
 
 Cash
        has
        historically been generated from operations. Operations and liquidity needs
        are
        funded primarily through cash flows from operations and short-term borrowings.
        Cash and cash equivalents were $13,755,350 as of December 31, 2007, and current
        assets totaled $15,027,321 as of December 31, 2007. Total current liabilities
        were $3,474,464 as of December 31, 2007. Working capital as of December 31,
        2007, was $11,552,857. We believe that the funds available to us are adequate
        to
        meet our operating needs for the year 2008. For the years ended December
        31,
        2007, 2006, and 2005, net cash provided by operating activities amounted
        to
        $15,626,486, $10,777,885, and $6,651,991, respectively. Cash used in financing
        activities for the years ended December 31, 2007, 2006, and 2005, amounted
        to
        ($8,448,859), $(8,053,477), and $(5,286,683), respectively.
 
 **Summary
        of Cash Flows**
 **2007**
                
                **2006**
                
                **2005****Net
                    Cash Provided by Operating Activities**
                
                $
                15,626,486
                
                $
                10,777,885
                
                $
                6,651,991**Net
                    Cash Provided by(Used in) Investing Activities**
                
                $
                246,590
                
                $
                (630,464
                )
                $
                (385,354
                )**Net
                    Cash(Used in) financing Activities**
                
                $
                (8,448,859
                )
                $
                (8,053,477
                )
                $
                (5,286,683
                )**Effect
                    of Exchange rate changes on Cash and Cash
                    Equivalent**
                
                $
                1,261,869
                
                $
                139,895
                
                $
                (58,817
                )**Cash
                    and Cash equivalents**
                
                $
                13,755,350
                
                $
                5,069,264
                
                $
                (2,835,425
                )
  **Working
        Capital Requirements**
 
 Historically,
        operations and short-term financing have been sufficient to meet our cash
        needs.
        We believe that we will be able to generate revenues from sales. However,
        our
        actual working capital needs for the long and short term will depend upon
        numerous factors, including operating results, competition, and the availability
        of credit facilities, none of which can be predicted with certainty. Future
        expansion will be limited by the availability of financing products and capital
        formation.
  16


**Off
      Balance-Sheet Arrangements**





We
      do not
      own any land or buildings, as we rent all of our office space and warehouses
      under operating lease agreements. The operating lease agreements have terms
      from
      one to five years, and expire on various dates through 2011. Future minimum
      lease payments under our operating lease agreements are as follows:


December
                  31,
              
              
              Amount2008
              
              $
              981,7932009
              
              
              792,3802010
              
              
              716,9572011
              
              
              715,318Total
                  lease payments
              
              $
              3,206,448





***2008
      Outlook***





Our
      outlook for 2008 reflects continued investment and development in several major
      business segments domestically. In 2008, our economic activity is expected
      to
      continue to expand with a moderate pace. As a result, we expect our revenue
      trends to moderate in 2008, with growth driven by books and magazine
      logistics management. We remain optimistic about the long-term prospects for
      all
      of our business segments.





We
      expect
      to make significant investments to expand our books and magazines business.
      In
      order to support long-term volume growth, we expect to open additional
      distribution centers in China, launch new warehouses, and improve our warehouse
      storage volume and operational functionality to plan, receive, process, and
      invoice activities.




**ITEM
      7A.**  **QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.**





Not
      applicable.





**ITEM
      8.**  **FINANCIAL
      STATEMENTS AND SUPPLEMENTARY DATA.**





The
      financial statements of the Company are included following the signature page
      to
      this Form 10-K.





**ITEM
      9.**  **CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE.**





Davis
      Accounting Group P.C. is our registered independent auditor. There have not
      been
      any changes in or disagreements with accountants on accounting and financial
      disclosure or any other related matter.





**ITEM
      9A. CONTROLS AND PROCEDURES**





We
      adopted the system of internal controls over financial reporting (as defined
      in
      Rule 15d-15(f) of the Exchange Act) used by our Operating Subsidiary, following
      the completion of the Merger Transaction on October 19, 2007. Under the Merger
      Transaction, we acquired China Baolong Logistic Limited, which is a privately
      held company, its operating subsidiary in China and also a privately held
      company, as a result of which the financial statements of China Baolong Logistic
      Limited and the Operating Subsidiary were treated as our historical financial
      statements for financial accounting and reporting purposes. We observe, however,
      that such financial controls were not designed to facilitate the external
      financial reporting required of a publicly held company under the Sarbanes-Oxley
      Act of 2002 and further, because the Operating Subsidiary’s accounting records
      have historically been maintained using accounting principles generally accepted
      in the People’s Republic of China, that its personnel may not be fully familiar
      with accounting principles generally accepted in the United States of America.
      Accordingly, to ensure the reliability of future financial reports our
      management has determined to continue to augment the financial reporting system
      inherited from the Operating Subsidiary into a fully-integrated financial and
      operating control system for our Company and its operations during the fiscal
      year ending December 31, 2008, and, as necessary, to hire the requisite support
      to facilitate the timely preparation of accurate financial reports.





**ITEM
      9B.**  **OTHER
      INFORMATION**





There
      is
      no information required to be disclosed in a report on Form 8-K during the
      fourth quarter of the fiscal year covered by this Form 10-K, but not reported,
      whether or not otherwise required by this Form 10-K.


17


**PART
      III**




**ITEM
      9. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE
      GOVERNANCE.**





The
      following table sets forth the name, age, and position of each of our officers
      and Directors as of March 28, 2007.


Name
              
              Age
              
              PositionYu
                  Zhang
              
              46
              
              Chief
                  Executive OfficerJianlun
                  Jing
              
              47
              
              Chief
                  Financial OfficerXiangrong
                  Xie
              
              26
              
              SecretaryJingxue
                  Sun
              
              43
              
              Chairman/
                  Board of DirectorsXinhua
                  Li
              
              43
              
              Director




**Yu
      Zhang (Chief Executive Officer)**




Yu
      Zhang,
      46, graduated from Beijing 171 Middle School. In 1996, with extensive knowledge
      of logistics industry and over 20 years experience, she joined our operational
      subsidiary: Beijing Baolong Logistics Company Limited. In 2000, she was promoted
      to Chief Executive Officer of Beijing Baolong Logistics Company Limited and
      led
      the Company to enter into the books and magazines logistics industry. There
      are no family relationships between Ms. Zhang and the Directors, executive
      officers, or persons nominated or chosen by the Company to become Directors
      or
      executive officers. There are no employment agreements between the Company
      and
      Ms. Zhang.





**Jianlun
      Jing (Chief Financial Officer)**




Jianlun
      Jing, 47, graduated from Jilin Railway Transportation Economics College in
      1980
      and joined Beijing Baolong Logistics Company Limited in 2002 and was promoted
      to
      Chief Financial Officer in 2004. There are no family relationships between
      Mr.
      Jing and the Directors, executive officers, or persons nominated or chosen
      by
      the Company to become Directors or executive officers. During the last two
      years, there have been no transactions, or proposed transactions, to which
      the
      Company was or is to be a party, in which Mr. Jing (or any member of his
      immediate family) had or is to have a direct or indirect material interest.
      There are no employment agreements between the Company and Mr. Jing.





**Xiangrong
      Xie (Secretary)**




Xiangrong
      Xie, 26, graduated from Shijiazhuang University of Economics with a Bachelor's
      degree in Business. Just after graduation in 2003, she worked in the HR
      department of TCL Group, which is a leading electronic home appliance
      manufacturer in China. She joined Beijing Baolong Logistics Company Limited
      in
      2006.





Ms.
      Xie
      does not hold any other directorships with reporting companies in the United
      States. There are no family relationships between Ms. Xie and the Directors,
      executive officers, or persons nominated or chosen by the Company to become
      Directors or executive officers. During the last two years, there have been
      no
      transactions, or proposed transactions, to which the Company was or is to be
      a
      party, in which Ms. Xie (or any member of his immediate family) had or is to
      have a direct or indirect material interest. There are no employment agreements
      between the Company and Ms. Xie.




18




**Jingxue
      Sun (Chairman/Board of Directors)**




Jingxue
      Sun, 43, Chairman of the Board of Directors of the Company and the vice
      president of Tongzhou District Logistics Association. Mr. Sun is the founder
      of
      Beijing Baolong Logistics Company Limited.  Mr.
      Sun
      does not hold any other directorships with reporting companies in the United
      States. There are no family relationships between Mr. Sun and the Directors,
      executive officers, or persons nominated or chosen by the Company to become
      Directors or executive officers. During the last two years, there have been
      no
      transactions, or proposed transactions, to which the Company was or is to be
      a
      party, in which Mr. Sun (or any member of his immediate family) had or is to
      have a direct or indirect material interest. There are no employment agreements
      between the Company and Mr. Sun.





**Xinhua
      Li (Director)**




Xinhua
      Li, 43, currently works at the Public Relations Management School of Peking
      University. He has been dedicated to research logistics industry in China for
      over 20 years and has an extensive knowledge and experience of logistics
      industry. Mr. Li does not hold any other directorships with reporting companies
      in the United States. There are no family relationships between Mr. Li and
      the
      Directors, executive officers, or persons nominated or chosen by the Company
      to
      become Directors or executive officers. During the last two years, there have
      been no transactions, or proposed transactions, to which the Company was or
      is
      to be a party, in which Mr. Li (or any member of his immediate family) had
      or is
      to have a direct or indirect material interest. There are no employment
      agreements between the Company and Mr. Li.





**Involvement
      in Certain Legal Proceedings**





To
      our
      knowledge, during the past five years, our officers and Directors: have not
      filed a petition under the federal bankruptcy laws or any state insolvency
      law,
      nor had a receiver, fiscal agent or similar officer appointed by a court for
      the
      business or present of such a person, or any partnership in which (s)he was
      a
      general partner at or within two years before the time of such filing, or any
      corporation or business association of which (s)he was an executive officer
      within two years before the time of such filing; were not convicted in a
      criminal proceeding or named subject of a pending criminal proceeding (excluding
      traffic violations and other minor offenses); were not the subject of any order,
      judgment or decree, not subsequently reversed, suspended, or vacated, of any
      court of competent jurisdiction, permanently or temporarily enjoining him from
      or otherwise limiting their respective activities.





**Compliance
      with Section 16 (a) of the Exchange Act**





Based
      solely upon a review of Forms 3 and 4 and amendments thereto furnished to us
      pursuant to Rule 16a-3(e) under the Securities Exchange Act of 1934 during
      our
      most recent fiscal year and Forms 5 and amendments thereto furnished to us
      with
      respect to our most recent fiscal year, all officers, Directors and owners
      of
      10% or more of our outstanding shares have filed all Forms 3, 4, and 5 required
      by Section 16(a) of the Securities Exchange Act of 1934, as amended, except
      that
      each of Yu Zhang, JIanlun Jing, Jiangrong Xie, and Jingxue Sun filed a late
      Form
      3.




19




**Code
      of Ethics**





As
      the
      operating entity of the Company is from China and the merger has only recently
      been completed, the Company has not yet adopted a code of ethics to apply to
      its
      principal executive officer, principal financial officer, principal accounting
      officer, and controller, or persons performing similar functions. The Company
      expects to prepare a Code of Ethics in the near future.





**Meetings
      of Our Board of Directors**





Our
      Board
      of Directors did not hold any meetings during the most recently completed fiscal
      year end. Various matters were approved by consent resolution, which in each
      case was signed by each of the members of the Board then serving.




**Committees
      of the Board**





**Audit
      Committee**





We
      do not
      have a separately designated standing audit committee. The entire Board of
      Directors performs the functions of an audit committee, but no written charter
      governs the actions of the Board when performing the functions of what would
      generally be performed by an audit committee. The Board approves the selection
      of our registered independent auditors and meets and interacts with the
      registered independent auditors to discuss issues related to financial
      reporting. In addition, the Board reviews the scope and results of the audit
      with the registered independent auditors, reviews with management and the
      registered independent auditors our annual operating results, considers the
      adequacy of our internal accounting procedures and considers other auditing
      and
      accounting matters including fees to be paid to the registered independent
      auditor and the performance of the registered independent auditor.





We
      intend
      to establish an Audit Committee and such other committees as may be required
      when sufficient members and resources are available. The Audit Committee will
      have a designated Audit Committee Financial Expert who will be responsible
      for
      reviewing the results and scope of the audit, and other services provided by
      the
      registered independent auditors, and review and evaluate the system of internal
      controls. No final determination has yet been made as to the memberships of
      these committees or when we will have sufficient members to establish the
      committees.





**Nominating
      Committee**





Our
      Board
      of Directors does not maintain a nominating committee. As a result, no written
      charter governs the Director nomination process. Given our size and the size
      of
      our Board, at this time, the entire Board acts as the nominating committee
      rather than forming a separate nominating committee.





**ITEM
      11. EXECUTIVE COMPENSATION.**





Shown
      on
      the table below is information on the annual and long-term compensation for
      services rendered to the Company in all capacities, for the years ended
      December 31, 2007, 2006, and 2005, paid by the Company to all individuals
      serving as the Company’s chief executive officer or acting in a similar capacity
      during the last three completed years, regardless of compensation level. Except
      as noted below, during the 12 months ended December 31, 2007, the Company did
      not pay aggregate compensation to any executive officer in an amount greater
      than $100,000.




20




**SUMMARY
                  COMPENSATION TABLE**
  Name
                  and principal position
              
              
              Year
              
              
              Salary
                  ($)
              
              
              Bonus
                  ($)
              
              
              Stock
                  Awards ($)
              
              
              Option
                  Awards ($)
              
              
              Non-Equity
                  Incentive Plan Compensation ($)
              
              
              Nonqualified
                  Deferred Compensation Earnings
                ($)
              
              
              All
                  Other Compensation ($)
              
              
              Total
                ($)Yu
                  Zhang, CEO (1)
              
              
              2007
                2006
                2005
              
              
              3,634
                3,767
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              3,634
                3,767
                0Jianlun
                  Jing, CFO (2)
              
              
              2007
                2006
                2005
              
              
              3,726
                3,767
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              3,726
                3,767
                0Jingxue
                  Sun (3)
              
              
              2007
                2006
                2005
              
              
              8,532
                8,137
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              249,522
                384.600
                0
              
              
              258,054
                392,737
                0Jing
                  Jiang, Former Chief Executive Officer, Chief Financial Officer
                  and
                  Secretary (4)
              
              
              2007
                2006
                2005
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0Haim
                  Perlstein, Former President and CEO (5)
              
              
              2007
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              02006
              
              
              0
              
              
              0
              
              
              2,200
                  (5
              )
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              2,200
                  (5
              )2005
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0Chaim
                  Limor, Former Secretary (6)
              
              
              2007
                2006
                2005
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                800
                  (6
                0
              )
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                0
                0
              
              
              0
                800
                  (6
                0
              )




(1)
      Yu
      Zhang was named Chief Executive Officer of the Company on November 21,
      2007.




(2)
      Jianlun Jing was named Chief Financial Officer of the Company on November 21,
      2007.




(3) Jingxue
      Sun is the Chairman of the Board of Directors of the Company.  Dollar
      figures in column entitled “Other Compensation” represent dividend payments
      (advances in 2007) made by the Company’s operating subsidiary Beijing Baolong
      Logistics Co., Ltd. to Mr. Sun based on stock ownership in the Company’s
      operating subsidiary Beijing Baolong Logistics Co., Ltd. prior to the merger
      with Best Care, Inc.




(4)
      Jing
      Jiang served as Chief Executive Officer, Chief Financial Officer, and Secretary
      of the Company from August 23, 2007, until her resignation on November 21,
      2007.




(5) Haim
      Perlstein was President, Treasurer, and Director of the Company from our
      incorporation on October 3, 2006, until his resignation on August 27, 2007.
      During the period from inception (October 3, 2006) through December 31, 2007,
      no
      compensation was paid to Mr. Perlstein, except that on October 5, 2006, we
      issued to Mr. Perlstein 2,200,000 shares of our common stock. Such shares were
      issued to Mr. Perlstein as compensation for his time, efforts, and services
      in
      connection with the founding the Company. Our Board of Directors, at such time,
      determined that those services had a value of $2,200.




21




(6)
      Chaim
      Limor was Secretary from our inception in October 2006 until his resignation
      on
      August 27, 2007. During the period from inception (October 3, 2006) through
      December 31, 2007, no compensation was paid to Mr. Limor, except that on October
      5, 2006, we issued to Mr. Limor 800,000 shares of our common stock. Such shares
      were issued to Mr. Limor as compensation for his time, efforts and services
      in
      connection with the founding the Company. Our Board of Directors, at such time,
      determined that those services had a value of $800.





**Option/SAR
      Grants**





No
      individual grants of stock options, whether or not in tandem with stock
      appreciation rights (“SARs”) and freestanding SARs have been made to any
      executive officer or any Director.





**Long-Term
      Incentive Plan Awards**





We
      do not
      have any long-term incentive plans that provide compensation intended to serve
      as incentive for performance to occur over a period longer than one fiscal
      year,
      whether such performance is measured by reference to our financial performance,
      our stock price, or any other measure.





**Pension
      Benefits**





We
      do not
      have any pension benefit plans that provide payment of benefits at
      retirement.





**Compensation
      of Directors**





During
      the fiscal year ended December 31, 2007, except for Jingxue Sun receiving
      compensation of $8,532 (for services rendered to the Company’s
      operating subsidiary Beijing Baolong Logistics Co., Ltd.) the
      Directors of the Company have not received compensation for serving as
      Directors, but have been reimbursed for expenses incurred in attending Board
      meetings.





**Employment
      contracts and termination of employment and change-in-control
      arrangements**





We
      do not
      have any employment contracts with any of our Directors and
      officers.





**ITEM
      12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
      STOCKHOLDER MATTERS.**





The
      following table sets forth certain information, as of April 11, 2008, concerning
      shares of common stock of the Company, the only class of its securities that
      are
      issued and outstanding, held by (1) each shareholder known by the Company
      to own beneficially more than five percent of the common stock, (2) each
      Director of the Company, (3) each executive officer of the Company, and
      (4) all Directors and executive officers of the Company as a
      group:


**Name
                  and Address of Beneficial Owner (1)******
              
              
              **Amount
                      and Nature**
                    **of
                      Beneficial**
                    **Ownership**
              
              
              **Percentage
                    of**
                  **Common
                    Stock (2)**Yu
                  Zhang (3)
              
              
              0
              
              
              0Jianlun
                  Jing (4)
              
              
              0
              
              
              0Xiangrong
                  Xie (5)
              
              
              0
              
              
              0Jingxue
                  Sun (6)
                #13
                  Baihuashenchu, Xin Street, Xicheng District
                Beijing,
                  P.R. China 100022
              
              
              21,406,186
              
              
              22.91
              %Xinhua
                  Li (7)
                #201,
                  Building 45, Zhongguanyuan, Beijing University,
                Haidian
                  District
                Beijing,
                  P.R. China 100081
              
              
              668,943
              
              
              0.7
              %Ying
                  Zhang (8)
                #13
                  Baihuashenchu, Xin Street, Xicheng District
                Beijing,
                  P.R. China 100022
              
              
              14,270,791
              
              
              15.27
              %Hong-Cai
                  Sun (9)
                #13
                  Baihuashenchu, Xin Street, Xicheng District
                Beijing,
                  P.R. China 100022
              
              
              8,027,320
              
              
              8.59
              %Yi-Xiang
                  Yu (10)
                #13
                  Baihuashenchu, Xin Street, Xicheng District
                Beijing,
                  P.R. China 100022
              
              
              5,351,546
              
              
              5.73
              %Shenzhen
                  Huayin Guaranty & Investment Company Limited
                1706-09
                  Fuhua 1stRoad
                Center
                  Commercial Tower, Futian Area
                Shenzhen
                  518048
              
              
              5,619,124
              
              
              6.01
              %All
                  Directors and executive officers as a group (5 persons)
              
              
              22,075,129
              
              
              24.75
              %


*
      Less
      than one percent.





(1)
            
            Unless
                otherwise indicated in the footnotes to the table, each shareholder
                shown
                on the table has sole voting and investment power with respect to
                the
                shares beneficially owned by him or it. Unless otherwise indicated
                in the
                footnotes to the table, the address for each shareholder is c/o the
                Company at:No.
                A156, Xi Guo Yuan, Yong Shun Village, Tongzhou District, Beijing,
                P.R.
                China.
                Percentages of less than one percent have been omitted from the table.(2)
            
            Calculated
                on the basis of 93,442,442 shares of common stock issued and outstanding
                as of March 27, 2008 except that shares of common stock underlying
                options
                and warrants exercisable within 60 days of the date hereof are deemed
                to
                be outstanding for purposes of calculating the beneficial ownership
                of
                securities of the holder of such options or warrants.(3)
            
            Yu
                Zhang is the Chief Executive Officer of the Company.(4)
            
            Jianlun
                Jing is the Chief Financial Officer of the Company.(5)
            
            Xiangrong
                Xie is the Secretary of the Company.(6)
            
            Jingxue
                Sun is the Chairman of the Board of Directors of the Company. Mr.
                Sun
                disclaims beneficial ownership of any shares of Common Stock of the
                Company held by members of his family.(7)
            
            Xinhua
                Li is a Director of the Company.(8)
            
            Ying
                Zhang is the wife of Jingxue Sun (Chairman of the Board of Directors
                of
                the Company).(9)
            
            Hong-Cai
                Sun is the father of Jingxue Sun (Chairman of the Board of Directors
                of
                the Company).(10)
            
            Yi-Xiang
                Yu is the mother of Jingxue Sun (Chairman of the Board of Directors
                of the
                Company).




22




**Changes
      in control**





There
      are
      no arrangements, known to the Company, including any pledge by any person of
      securities of the Company or any of its parents, the operation of which may
      at a
      subsequent date result in a change in control of the Company.





**Securities
      authorized for issuance under equity compensation plans**




The
      Company does not have any compensation plans (including individual compensation
      arrangements) under which equity securities of the Company are authorized for
      issuance





**ITEM
      13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
      INDEPENDENCE.**





**Related
      Transactions**





Except
      as
      otherwise disclosed below or incorporated herein by reference, there have not
      been any transactions, or proposed transactions in an amount
      exceeding $ 120,000, during the last two years, to which the Company was or
      is
      to be a party, in which any Director or executive officer of the Company, any
      nominee for election as a Director, any security holder owning beneficially
      more
      than five percent of the common stock of the Company, or any member of the
      immediate family of the aforementioned persons had or is to have a direct or
      indirect material interest.





1.  Prior
      to
      the merger in October 2007 as described above, Beijing Baolong Logistics Co.
      Ltd. (our operating subsidiary) paid dividends to its stockholders under the
      laws of the PRC. For the year ended December 31, 2007, the payment for the
      dividends amounted to $4,566,801. Beijing Baolong Logistics Co. Ltd. made such
      dividend payments to its shareholders by advancing such sums to its stockholders
      in March and or April. These advances are repayable to the Company upon demand
      and bear no interest. The recipients were:




2006
              
              
              2007Jingxue
                  Sun (Chairman of the Board of Directors)
              
              $
              384,600
              
              $
              249,522Zhang
                  Ying (wife of Jingxue Sun)
              
              $
              4,512,640
              
              $
              3,328,788Hong
                  Cai Sun (father of Jingxue Sun)
              
              $
              1,192,260
              
              $
              851,391


2.  Jingxue
      Sun received compensation of $8,532 (for services rendered to the Company’s
      operating subsidiary Beijing Baolong Logistics Co., Ltd.).





**Independent
      Directors**




Xinhua
      Li
      is the only independent Director of the Company.





**ITEM
      14. PRINCIPAL ACCOUNTING FEES AND SERVICES.**





The
      following represents fees for professional audit services rendered by Davis
      Accounting Group P.C. (“Davis Accounting”) for
      the
      audit of our annual financial statements for the period from January 1, 2007,
      through December 31, 2007.




23





**Audit
      Fees**





The
      aggregate fees billed by our current registered independent auditors, Davis
      Accounting ,
      for
      professional services rendered for the audit of our annual financial statements
      for the year ended December 31, 2007, were $25,000, and $2,000 for the year
      ended December 31, 2006.





**Audit
      Related Fees**





The
      aggregate fees billed by Davis
      Accounting for
      assurance and related services by Davis
      Accounting that are reasonably related to the performance of the audit or review
      of our financial statements was $ 0 during
      the year ended December 31, 2007, and $ 0 during the year ended December 31,
      2006.





**Tax
      Fees**





Our
      registered independent auditors did not render any services for tax compliance,
      tax advice and tax planning during transition period ended December 31, 2007
      and
      the 2006 fiscal year, respectively.





**All
      Other Fees**





Our
      registered independent auditors did not bill us any additional fees that are
      not
      disclosed under audit fees, audit related fees, or tax fees in each of the
      last
      two calendar years.




**Audit
      Committee Pre-Approval Process, Policies and Procedures**




We
      do not
      have an Audit Committee. Our registered independent auditors have performed
      their audit procedures in accordance with pre-approved policies and procedures
      established by our Board of Directors.




**ITEM
      15. EXHIBIT** **S,
      FINANCIAL STATEMENT SCHEDULES.**





**Exhibit
                No.**
            
            **Document
                Description**3.1
            
            Our
                Articles of Incorporation, incorporated by reference herein from
                Exhibit
                3.1 to our Registration Statement on Form SB-2 (Registration No.
                333-139564) filed with the Securities and Exchange Commission on
                December
                21, 2006.3.2
            
            Our
                Bylaws, incorporated by reference herein from Exhibit 3.2 to our
                Registration Statement on Form SB-2 (Registration No. 333-139564)
                filed
                with the Securities and Exchange Commission on December 21,
                2006.3.3
            
            Certificate
                of Amendment to Articles of Incorporation filed as an Exhibit to
                Form 8-K
                filed with theSecurities
                and Exchange Commissionon
                January 16, 2008.4.1
            
            Specimen
                of our common stock certificate, incorporated by reference herein
                from
                Exhibit 4.1 to our Registration Statement on Form SB-2 (Registration
                No.
                333-139564) filed with the Securities and Exchange Commission on
                December
                21, 2006.10.1
            
            Form
                of our Regulation S Subscription Agreement, incorporated by reference
                herein from Exhibit 10.2 to our Registration Statement on Form SB-2
                (Registration No. 333-139564) filed with the Securities and Exchange
                Commission on December 21, 2006.




24




10.2
            
            Stock
                Purchase Agreement, dated as of August 22, 2007, by and among Best
                Care,
                Inc., Cosell Investments, Ltd.,****Haim
                Perlstein, and Chaim Limorfiled as an Exhibit to Form 8-K filed with theSecurities
                and Exchange Commissionon
                August 27, 2007.10.3
            
            Agreement
                and Plan of Merger, dated as of October 19, 2007, among the Registrant,
                BCI Merger Sub, Inc. (“SUB”),
                China Baolong Logistic Limited(“CBL”),
                Jing-Xue Sun, Ying Zhang, Hong-Cai Sun, Yi-Xiang Yu, Jing-Shu Sun,
                Ruo-Gu
                Zhong, Yan Zhang, Xin-Hua Li, Zhong-Zhi Yu, Guo-Cai Wang, Shenzhen
                Huayin
                Guaranty & Investment Company Limited, Billion Hero Investments
                Limited, ARJUNO Investments Limited, Innovation Gainings Investments
                Limited, Even Bright Investment Limited, Volento Investments Limited,
                Nation City Investments Limited, and Quick Agent Investments Limited
                filed
                as an Exhibit to Form 8-K filed with theSecurities
                and Exchange Commissionon
                October 23, 2007.31.1
            
            Certification
                of the Chief Executive Officer Pursuant to Rule 13a-14(a) under the
                Securities Exchange Act of 1934, as adopted pursuant to Section 302
                of the
                Sarbanes-Oxley Act of 2002.31.2
            
            Certification
                of the Chief Financial Officer Pursuant to Rule 13a-14(a) under the
                Securities Exchange Act of 1934, as adopted pursuant to Section 302
                of the
                Sarbanes-Oxley Act of 2002.32.1
            
            Certification
                of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350,
                as
                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                200232.2
            
            Certification
                of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350,
                as
                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002





25


**BEIJING
            LOGISTIC, INC.**
 **(FORMERLY
            BEST CARE, INC.)**
 **INDEX
            TO FINANCIAL STATEMENTS**
 **DECEMBER
            31, 2007, 2006, AND 2005**
 Report
                      of Registered Independent Auditors - 2007
                  F-2Report
                      of Independent Registered Public Accounting Firm - 2006 and
                      2005
                  F-3Financial
                      Statements-Balance
                      Sheets as of December 31, 2007, and 2006
                  F-4Statements
                      of Operations and Comprehensive Income for the Years Ended
                      December 31,
                      2007, 2006, and 2005
                  F-5Statements
                      of Stockholders’ Equity for the Years Ended December 31, 2007, 2006, and
                      2005
                  F-6Statements
                      of Cash Flows for the Years EndedDecember
                      31,2007,
                      2006, and 2005
                  F-7Notes
                      to Financial Statements December 31, 2007, 2006, and 2005
                  F-9
 F-1
 **REPORT
            OF REGISTERED INDEPENDENT AUDITORS - 2007**
 
 
 To
            the
            Board of Directors and Stockholders of
 Beijing
            Logistic, Inc.:
 
 We
            have
            audited the accompanying balance sheet of Beijing Logistic, Inc. (a Nevada
            corporation and formerly Best Care, Inc.) as of December 31, 2007, and
            the
            related statements of operations and comprehensive income, stockholders’ equity,
            and cash flows for the year ended December 31, 2007. These financial
            statements
            are the responsibility of the Company’s management. Our responsibility is to
            express an opinion on these financial statements based on our
            audit.
 
 We
            conducted our audit in accordance with the standards of the Public Company
            Accounting Oversight Board (United States of America). Those standards
            require
            that we plan and perform the audit to obtain reasonable assurance about
            whether
            the financial statements are free of material misstatement. 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. Accordingly, we express no such opinion. 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 financial statements referred to above present fairly, in
            all
            material respects, the financial position of Beijing Logistic, Inc. as
            of
            December 31, 2007, and the results of its operations and its cash flows
            for the
            year ended December 31, 2007, in conformity with accounting principles
            generally
            accepted in the United States of America.
 
 Respectfully
            submitted,
 
 /s/
            Davis Accounting Group P.C.
 
 Cedar
            City, Utah,
 March
            28,
            2008.
 F-2
 **REPORT
            OF REGISTERED INDEPENDENT AUDITORS - 2006**
 
 
 To
            the
            Board of Directors and Stockholders of
 Beijing
            Logistic, Inc.:
 
 We
            have
            audited the accompanying balance sheet of Beijing Logistic, Inc. (formerly
            Beijing Baolong Logistics Co., Ltd.) as of December 31, 2006, and the
            related
            statements of operations and comprehensive income, stockholders’ equity, and
            cash flows for the two years then ended. These financial statements are
            the
            responsibility of Beijing Logistic, Inc.’s management. Our responsibility is to
            express an opinion on these financial statements based on our
            audits.
 
 We
            conducted our audits in accordance with the standards of the Public Company
            Accounting Oversight Board (United States). Those standards require that
            we plan
            and perform the audits to obtain reasonable assurance about whether the
            financial statements are free of material misstatement. The Company has
            determined that is not required to have, nor were we engaged to perform,
            an
            audit of its internal control over financial reporting. Our audits 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. Accordingly, we express no
            such
            opinion. 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 audits provide a reasonable basis for our
            opinion.
 
 In
            our
            opinion, the financial statements referred to above present fairly, in
            all
            material respects, the financial position of Beijing Logistic, Inc. as
            of
            December 31, 2006, and the results of its operations and its cash flows
            for the
            two years ended December 31, 2006, in conformity with accounting principles
            generally accepted in the United States of America.
 
 /s/
            Farber Hass Hurley LLP
 (Formerly
            Farber Hass Hurley & McEwen LLP)
 
 Camarillo,
            California,
 August
            8,
            2007 ,
            (except
            as to the reverse merger event disclosed in Notes 1 and 6 to the financial
            statements for which the date is October 19, 2007).
  F-3
 
 **BEIJING
                          LOGISTIC, INC.****(FORMERLY
                          BEST CARE, INC.)****BALANCE
                          SHEETS****AS
                          OF DECEMBER 31, 2007, AND 2006****ASSETS****2007**
                      
                      **2006****Current
                          Assets:**Cash
                          and cash equivalents
                      
                      $
                      13,755,350
                      
                      $
                      5,069,264Accounts
                          receivable - Trade
                      
                      
                      853,341
                      
                      
                      1,321,290Less
                          - Allowance for doubtful accounts
                      
                      
                      -
                      
                      
                      -Prepaid
                          expenses
                      
                      
                      418,630
                      
                      
                      735,903Total
                          current assets
                      
                      
                      15,027,321
                      
                      
                      7,126,457**Property
                          and Equipment:**Office
                          and computer equipment
                      
                      
                      299,382
                      
                      
                      110,764Machinery
                          and equipment
                      
                      
                      132,617
                      
                      
                      123,735Vehicles
                      
                      
                      1,675,834
                      
                      
                      2,119,9242,107,833
                      
                      
                      2,354,423Less
                          - Accumulated depreciation
                      
                      
                      (753,548
                      )
                      
                      (616,593
                      )Net
                          property and equipment
                      
                      
                      1,354,285
                      
                      
                      1,737,830**Other
                          Assets:**Other
                          non-current prepaid expenses and deposits
                      
                      
                      682,344
                      
                      
                      663,052Total
                          other assets
                      
                      
                      682,344
                      
                      
                      663,052**Total
                          Assets**
                      
                      $
                      17,063,950
                      
                      $
                      9,527,339**LIABILITIES
                          AND STOCKHOLDERS' EQUITY****Current
                          Liabilities:**Accounts
                          payable and accrued liabilities
                      
                      $
                      1,789,586
                      
                      
                      1,076,840Taxes
                          payable
                      
                      
                      1,613,533
                      
                      
                      1,139,901Due
                          to related parties
                      
                      
                      71,345
                      
                      
                      -Total
                          current liabilities
                      
                      
                      3,474,464
                      
                      
                      2,216,741Total
                          liabilities
                      
                      
                      3,474,464
                      
                      
                      2,216,741**Commitments
                          and Contingencies****Stockholders'
                          Equity:**Preferred
                          stock, par value $.001 per share, 5,000,000 sharesauthorized;
                          no shares issued and outstanding
                      
                      
                      -
                      
                      
                      -Common
                          stock, par value $.001 per share, 100,000,000 sharesauthorized;
                          93,442,442 shares issued and outstanding
                      
                      
                      93,442
                      
                      
                      93,442Additional
                          paid-in capital
                      
                      
                      2,326,558
                      
                      
                      2,326,558Surplus
                          from profits
                      
                      
                      1,218,884
                      
                      
                      1,218,884Other
                          comprehensive income
                      
                      
                      1,868,981
                      
                      
                      607,112Retained
                          earnings
                      
                      
                      12,648,422
                      
                      
                      9,333,582Less
                          - Dividends paid in advance
                      
                      
                      (4,566,801
                      )
                      
                      (6,268,980
                      )Total
                          stockholders' equity
                      
                      
                      13,589,486
                      
                      
                      7,310,598**Total
                          Liabilities and Stockholders' Equity**
                      
                      $
                      17,063,950
                      
                      $
                      9,527,339
 The
                  accompanying notes to financial statements are
 an
                  integral part of these statements.
 F-4
 **BEIJING
                          LOGISTIC, INC.****(FORMERLY
                          BEST CARE, INC.)****STATEMENTS
                          OF OPERATIONS AND COMPREHENSIVE INCOME****FOR
                          THE YEARS ENDED DECEMBER 31, 2007, 2006 AND
                          2005****Years
                          Ended December 31,****2007**
                      
                      **2006**
                      
                      **2005****Revenues,
                          net**
                      
                      $
                      85,916,514
                      
                      $
                      56,604,535
                      
                      $
                      40,704,142**Cost
                          of Revenues:**Cost
                          of sales
                      
                      
                      61,432,093
                      
                      
                      39,446,005
                      
                      
                      28,696,084Business
                          tax and surcharges
                      
                      
                      2,754,022
                      
                      
                      1,822,162
                      
                      
                      1,322,665Total
                          cost of sales
                      
                      
                      64,186,115
                      
                      
                      41,268,167
                      
                      
                      30,018,749**Gross
                          Profit**
                      
                      
                      21,730,399
                      
                      
                      15,336,368
                      
                      
                      10,685,393**General
                          and Administrative Expenses**
                      
                      
                      1,569,086
                      
                      
                      1,183,567
                      
                      
                      978,666**Income
                          from Operations**
                      
                      
                      20,161,313
                      
                      
                      14,152,801
                      
                      
                      9,706,727**Other
                          Income (Expense):**Interest
                          income and other income
                      
                      
                      61,363
                      
                      
                      54,656
                      
                      
                      90,096Other
                          non-operating expenses
                      
                      
                      (12,400
                      )
                      
                      (7,535
                      )
                      
                      (27,828
                      )Total
                          other income, net
                      
                      
                      48,963
                      
                      
                      47,121
                      
                      
                      62,268**Income
                          Before Income Taxes**
                      
                      
                      20,210,276
                      
                      
                      14,199,922
                      
                      
                      9,768,995**Provision
                          for Income Taxes**
                      
                      
                      (6,673,053
                      )
                      
                      (4,643,589
                      )
                      
                      (3,198,371
                      )**Net
                          Income**
                      
                      
                      13,537,223
                      
                      
                      9,556,333
                      
                      
                      6,570,624**Comprehensive
                          Income:**Foreign
                          currency translation adjustment
                      
                      
                      1,261,869
                      
                      
                      404,221
                      
                      
                      203,060**Total
                          Comprehensive Income**
                      
                      $
                      14,799,092
                      
                      $
                      9,960,554
                      
                      $
                      6,773,684**Earnings
                          Per Common Share:**Earnings
                          per common share - Basic and Diluted
                      
                      $
                      0.14
                      
                      $
                      0.11
                      
                      $
                      0.07**Weighted
                          Average Number of Common Shares****Outstanding
                          - Basic and Diluted**
                      
                      
                      93,442,442
                      
                      
                      90,041,070
                      
                      
                      89,192,442
 The
                  accompanying notes to financial statements are
 an
                  integral part of these statements.
 F-5
 **BEIJING
                            LOGISTIC, INC.****(FORMERLY
                            BEST CARE, INC.)****STATEMENTS
                            OF STOCKHOLDERS' EQUITY****FOR
                            THE YEARS ENDED DECEMBER 31, 2007, 2006, AND
                            2005**
  **Accumulated****Additional**
                      
                      **Statutory**
                      
                      **Other**
                      
                      
                      
                      **Dividends****Preferred
                          stock**
                      
                      **Common
                          stock**
                      
                      **Paid-in**
                      
                      **Earnings**
                      
                      **Comprehensive**
                      
                      **Retained**
                      
                      **Paid
                          In****Description**
                      
                      **Shares**
                      
                      **Amount**
                      
                      **Shares**
                      
                      **Amount**
                      
                      **Capital**
                      
                      **Reserve**
                      
                      **Income**
                      
                      **Earnings**
                      
                      **Advance**
                      
                      **Totals****Balance
                          - December 31, 2004**
                      
                      
                      -
                      
                      $
                      -
                      
                      
                      89,192,442
                      
                      $
                      89,192
                      
                      $
                      2,265,308
                      
                      $
                      504,313
                      
                      $
                      (169
                      )
                      $
                      3,088,017
                      
                      $
                      (2,862,881
                      )
                      $
                      3,083,780Dividends
                          paid
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (2,862,881
                      )
                      
                      2,862,881
                      
                      
                      -Dividends
                          paid in advance
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (5,658,224
                      )
                      
                      (5,658,224
                      )Foreign
                          currency translation adjustment
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      203,060
                      
                      
                      -
                      
                      
                      -
                      
                      
                      203,060Transfer
                          to Statutory Earnings Reserve
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      649,366
                      
                      
                      -
                      
                      
                      (649,366
                      )Net
                          income for the period
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      6,570,624
                      
                      
                      -
                      
                      
                      6,570,624**Balance
                          - December 31, 2005**
                      
                      
                      -
                      
                      $
                      -
                      
                      
                      89,192,442
                      
                      $
                      89,192
                      
                      $
                      2,265,308
                      
                      $
                      1,153,679
                      
                      $
                      202,891
                      
                      $
                      6,146,394
                      
                      $
                      (5,658,224
                      )
                      $
                      4,199,240Dividends
                          paid
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (6,303,940
                      )
                      
                      5,658,224
                      
                      
                      (645,716
                      )Common
                          stock issued for officers' compensation
                      
                      
                      -
                      
                      
                      -
                      
                      
                      3,000,000
                      
                      
                      3,000
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      3,000Common
                          stock issued for cash
                      
                      
                      -
                      
                      
                      -
                      
                      
                      1,250,000
                      
                      
                      1,250
                      
                      
                      61,250
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      62,500Dividends
                          paid in advance
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (6,268,980
                      )
                      
                      (6,268,980
                      )Foreign
                          currency translation adjustment
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      404,221
                      
                      
                      -
                      
                      
                      -
                      
                      
                      404,221Transfer
                          to Statutory Earnings Reserve
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      65,205
                      
                      
                      
                      
                      
                      (65,205
                      )Net
                          income for the period
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      9,556,333
                      
                      
                      -
                      
                      
                      9,556,333**Balance
                          - December 31, 2006**
                      
                      
                      -
                      
                      
                      -
                      
                      
                      93,442,442
                      
                      
                      93,442
                      
                      
                      2,326,558
                      
                      
                      1,218,884
                      
                      
                      607,112
                      
                      
                      9,333,582
                      
                      
                      (6,268,980
                      )
                      
                      7,310,598Dividends
                          paid
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (10,222,383
                      )
                      
                      6,268,980
                      
                      
                      (3,953,403
                      )Dividends
                          paid in advance
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      (4,566,801
                      )
                      
                      (4,566,801
                      )Foreign
                          currency translation adjustment
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      1,261,869
                      
                      
                      -
                      
                      
                      -
                      
                      
                      1,261,869Net
                          income for the period
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      -
                      
                      
                      13,537,223
                      
                      
                      -
                      
                      
                      13,537,223**Balance
                          - December 31, 2007**
                      
                      
                      -
                      
                      $
                      -
                      
                      
                      93,442,442
                      
                      $
                      93,442
                      
                      $
                      2,326,558
                      
                      $
                      1,218,884
                      
                      $
                      1,868,981
                      
                      $
                      12,648,422
                      
                      $
                      (4,566,801
                      )
                      $
                      13,589,486
 The
                  accompanying notes to financial statements are
 an
                  integral part of these statements.
 F-6
 
 **BEIJING
                            LOGISTIC, INC.****(FORMERLY
                            BEST CARE, INC.)****STATEMENTS
                            OF CASH FLOWS****FOR
                            THE YEARS ENDED DECEMBER 31, 2007, 2006, AND
                            2005**
 **Years
                            Ended December 31,****2007**
                        
                        **2006**
                        
                        **2005****Operating
                            Activities:**Net
                            income
                        
                        $
                        13,537,223
                        
                        $
                        9,556,333
                        
                        $
                        6,570,624Adjustments
                            to reconcile net income to net cashprovided
                            by operating activities:Depreciation
                        
                        
                        136,955
                        
                        
                        256,852
                        
                        
                        189,197Changes
                            in assets and liabilities-Accounts
                            receivable - Trade
                        
                        
                        467,949
                        
                        
                        189,478
                        
                        
                        (525,331
                        )Prepaid
                            expenses and deposits
                        
                        
                        297,981
                        
                        
                        55,183
                        
                        
                        (53,705
                        )Advances
                            to suppliers
                        
                        
                        -
                        
                        
                        -
                        
                        
                        50,235Accounts
                            payable - Trade and accrued liabilities
                        
                        
                        712,746
                        
                        
                        347,680
                        
                        
                        320,047Taxes
                            payable
                        
                        
                        473,632
                        
                        
                        372,359
                        
                        
                        100,924**Net
                            Cash Provided by Operating Activities**
                        
                        
                        15,626,486
                        
                        
                        10,777,885
                        
                        
                        6,651,991**Investing
                            Activities:**Purchases
                            and adjustments to property and equipment
                        
                        
                        246,590
                        
                        
                        (630,464
                        )
                        
                        (385,354
                        )**Net
                            Cash Provided by (Used in) Investing Activities**
                        
                        
                        246,590
                        
                        
                        (630,464
                        )
                        
                        (385,354
                        )**Financing
                            Activities:**Dividends
                            paid and advanced
                        
                        
                        (8,520,204
                        )
                        
                        (6,303,940
                        )
                        
                        (2,862,881
                        )Loans
                            received from related parties
                        
                        
                        71,920
                        
                        
                        -
                        
                        
                        -Payment
                            of loan to related party
                        
                        
                        (575
                        )
                        
                        (1,749,537
                        )
                        
                        (2,423,802
                        )**Net
                            Cash (Used in) Financing Activities**
                        
                        
                        (8,448,859
                        )
                        
                        (8,053,477
                        )
                        
                        (5,286,683
                        )**Effect
                            of Exchange Rate Changes****on
                            Cash and Cash Equivalents**
                        
                        
                        1,261,869
                        
                        
                        139,895
                        
                        
                        58,817**Net
                            Increase in Cash and Cash Equivalents**
                        
                        
                        8,686,086
                        
                        
                        2,233,839
                        
                        
                        1,038,771**Cash
                            and Cash Equivalents - Beginning of Period**
                        
                        
                        5,069,264
                        
                        
                        2,835,425
                        
                        
                        1,796,654**Cash
                            and Cash Equivalents - End of Period**
                        
                        $
                        13,755,350
                        
                        $
                        5,069,264
                        
                        $
                        2,835,425**Supplemental
                            Disclosure of Cash Flow Information:**Cash
                            paid during the periods for:Interest
                        
                        $
                        -
                        
                        $
                        -
                        
                        $
                        -Income
                            taxes
                        
                        $
                        6,199,421
                        
                        $
                        7,392,497
                        
                        $
                        2,947,733
 The
                    accompanying notes to financial statements are
 an
                    integral part of these statements.
 F-7
  **BEIJING
                            LOGISTIC, INC.****(FORMERLY
                            BEST CARE, INC.)****STATEMENTS
                            OF CASH FLOWS****FOR
                            THE YEARS ENDED DECEMBER 31, 2007, 2006, AND
                            2005**
  **Supplemental
                            Disclosure of Cash Flow Information:**On
                            October 5, 2006, the Company issued 2,200,000 shares
                            of common stock,
                            valued at $2,200 to an officer ofthe
                            Company for services rendered.On
                            October 5, 2006, the Company issued 800,000 shares of
                            common stock, value
                            at $800 to an officer of theCompany
                            for services rendered.In
                            August 2007, the Company was forgiven of debt totaling
                            $2,375 from a
                            stockholder and Director.On
                            October 19, 2007, pursuant to a Merger Agreement, the
                            Company exchanged
                            89,192,442 newly issued shares ofits
                            common stock for all of the issued capital stock of China
                            Baolong
                            Logistics Limited (50,000 shares). The Companyaccounted
                            for the transaction as a reverse merger.
 The
                  accompanying notes to financial statements are
 an
                  integral part of these statements.
 F-8
 **BEIJING
                  LOGISTIC, INC.**
 **(FORMERLY
                  BEST CARE, INC.)**
 **NOTES
                  TO FINANCIAL STATEMENTS**
 **DECEMBER
                  31, 2007, 2006, AND 2005**
 **(1)**  **Summary
                  of Significant Accounting Policies**
  *Basis
                  of Presentation and Organization*
 
 Beijing
                  Logistic, Inc. (“Beijing Logistic” or the “Company” and formerly Best Care,
                  Inc.) is a Nevada corporation that initially planned to establish
                  and operate a
                  specialized residential care unit for patients with Alzheimer’s disease. The
                  Company also planned to operate additional specialized residential
                  care units
                  for Alzheimer’s patients if the first unit established was successful in terms
                  of occupancy levels, and profitability. The Company was incorporated
                  under the
                  laws of the State of Nevada on October 3, 2006 under the name of
                  Best Care, Inc.
                  The accompanying financial statements of Beijing Logistic were
                  prepared from the
                  accounts of the Company under the accrual basis of accounting in
                  United States
                  dollars. In addition, the accompanying financial statements reflect
                  the
                  completion of a reverse merger between the Company and China Baolong
                  Logistics
                  Limited (“CBL”), which was effected on October 19, 2007. Pursuant to the Merger
                  Agreement, the Company exchanged 89,192,442 newly issued shares
                  of its common
                  stock for all of the issued capital stock of CBL (50,000 shares),
                  and CBL became
                  a wholly owned subsidiary of the Company. Further, the Company
                  also became the
                  indirect owner of the Chinese operating subsidiary of CBL, Beijing Baolong
                  Logistics Co., Ltd. (“BBL”).
 
 CBL
                  was
                  formed on March 7, 2007, under the laws of the British Virgin Islands.
                  CBL owns
                  all of the issued and outstanding stock and ownership of BBL. Currently,
                  BBL
                  engages primarily in the distribution of books to retail booksellers,
                  eggs to
                  retail stores, raw logs to saw mills and paper mills, railway and
                  highway
                  logistic transportation, and storage services for large cargoes
                  in the People’s
                  Republic of China (“PRC”).
 
 BBL
                  was
                  organized in 1990, under the laws of the PRC. BBL engages primarily
                  in the
                  distribution of books to retail booksellers, eggs to retail stores,
                  raw logs to
                  saw mills and paper mills, railway and highway logistic transportation,
                  and
                  storage services for large cargoes.
 
 Given
                  that CBL is considered to have acquired Beijing Logistic by a reverse
                  merger
                  through an Agreement and Plan of Merger (see Note 6), and its stockholders
                  currently have voting control of the Company, the accompanying
                  financial
                  statements and related disclosures in the notes to financial statements
                  present
                  the financial position as of December 31, 2007, and 2006, and the
                  operations for
                  the years ended December 31, 2007, 2006, and 2005, of CBL and its
                  subsidiary BBL
                  under the name of Beijing Logistic. The reverse merger has been
                  recorded as a
                  recapitalization of the Company, with the consolidated net assets
                  of CBL Limited
                  and its wholly owned operating subsidiary BBL, and net assets of
                  Beijing
                  Logistic brought forward at their historical bases. The costs associated
                  with
                  the reverse merger have been expensed as incurred.
 
 In
                  December 2006, the Company completed an activity to submit a Registration
                  Statement on Form SB-2 to the Securities and Exchange Commissions
                  (“SEC”) to
                  register 1,250,000 of its outstanding shares of common stock on
                  behalf of
                  selling stockholders. The Registration Statement on Form SB-2 was
                  declared
                  effective on January 5, 2007. The Company did not receive any proceeds
                  from this
                  registration activity as the shares of common stock were sold by
                  selling
                  stockholders.
  F-9
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  *Foreign
                  Currency Translation*
 
 The
                  Company accounts for foreign currency translation pursuant to SFAS
                  No. 52,
“Foreign Currency Translation” (“SFAS No. 52”). The Company's functional
                  currency is the Chinese Yuan Renminbi (“CNY”). Under SFAS No. 52, all assets and
                  liabilities are translated into United States dollars using the
                  current exchange
                  rate at the end of each fiscal period. Revenues and expenses are
                  translated
                  using the average exchange rates prevailing throughout the respective
                  periods.
                  Translation adjustments are included in other comprehensive income
                  (loss) for
                  the period. Certain transactions of the Company are denominated
                  in United States
                  dollars. Translation gains or losses related to such transactions
                  are recognized
                  for each reporting period in the related statement of operations
                  and
                  comprehensive income (loss).
  *Risks
                  and Uncertainties*
 
 The
                  Company is subject to substantial risks from, among other things,
                  intense
                  competition associated with the industry in general, other risks
                  associated with
                  financing, liquidity requirements, rapidly changing customer requirements,
                  limited operating history, foreign currency exchange rates, and
                  operating in the
                  PRC under its various laws and restrictions.
  *Estimates*
 
 The
                  financial statements are prepared on the basis of accounting principles
                  generally accepted in the United States. The preparation of financial
                  statements
                  in conformity with generally accepted accounting principles requires
                  management
                  to make estimates and assumptions that affect the reported amounts
                  of assets and
                  liabilities as of December 31, 2007, and 2006, and revenues and
                  expenses for the
                  years ended December 31, 2007, 2006, and 2005. Actual results could
                  differ from
                  those estimates made by management.
  *Cash
                  and Cash Equivalents*
 
 For
                  purposes of reporting within the statement of cash flows, the Company
                  considers
                  all cash on hand, cash accounts not subject to withdrawal restrictions
                  or
                  penalties, and all highly liquid debt instruments purchased with
                  a maturity of
                  three-months or less to be cash and cash equivalents.
  *Concentration
                  of Credit Risk*
 
 Financial
                  instruments which potentially subject the Company to concentrations
                  of credit
                  risk consist principally of cash. The Company places its temporary
                  cash
                  investments in reputable financial institutions which are fully
                  insured by the
                  PRC government.
  *Accounts
                  Receivable*
 
 Trade
                  accounts receivable are recorded on shipment of products to customers,
                  and
                  generally are due under the terms of net 30 days. The trade receivables
                  are not
                  collateralized and interest is not accrued on past due accounts.
                  Periodically,
                  management reviews the adequacy of its provision for doubtful accounts
                  based on
                  historical bad debt expense results and current economic conditions
                  using
                  factors based on the aging of its accounts receivable. Additionally,
                  the Company
                  may identify additional allowance requirements based on indications
                  that a
                  specific customer may be experiencing financial difficulties. Actual
                  bad debt
                  results could differ materially from these estimates. As of December
                  31, 2007,
                  and 2006, management determined that a reserve for bad debts was
                  not needed.
                  While management uses the best information available upon which
                  to base
                  estimates, future adjustments to the allowance may be necessary
                  if economic
                  conditions differ substantially from the assumptions used for the
                  purposes of
                  analysis.
 
 F-10
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  *Property
                  and Equipment*
 
 Property
                  and equipment are stated at cost. Major renewals, betterments,
                  and improvements
                  are charged to the asset accounts while replacements, maintenance,
                  and repairs,
                  which do not improve or extend the lives of the respective assets,
                  are expensed
                  to operations. At the time property and equipment are retired or
                  otherwise
                  disposed of, the asset and related accumulated depreciation accounts
                  are
                  relieved of the applicable amounts. Gains or losses from retirements
                  or sales
                  are credited or charged to income.
 
 The
                  Company depreciates property and equipment using the straight-line
                  method as
                  follows:
 Office
                              and computer equipment
                          5
                              yearsMachinery
                              and equipment
                          5-10
                              yearsVehicles
                          5
                              -10 years
  *Long-Lived
                  Assets*
 
 The
                  Company evaluates the recoverability of long-lived assets and the
                  related
                  estimated remaining useful lives when events or circumstances lead
                  management to
                  believe that the carrying value of an asset may not be recoverable
                  and the
                  undiscounted cash flows estimated to be generated by those assets
                  are less than
                  the assets' carrying amount. In such circumstances, those assets
                  are written
                  down to estimated fair value. For the years ended December 31,
                  2007, 2006, and
                  2005, no events or circumstances occurred for which an evaluation
                  of the
                  recoverability of long-lived asset was required.
  *Deferred
                  Offering Costs*
 
 The
                  Company defers as other assets the direct incremental costs of
                  raising capital
                  until such time as the offering is completed. At the time of the
                  completion of
                  the offering, the costs are charged against the capital raised.
                  Should the
                  offering be terminated, deferred offering costs are charged to
                  operations during
                  the period in which the offering is terminated.
  *Fair
                  Value of Financial Instruments*
 
 The
                  Company estimates the fair value of financial instruments using
                  the available
                  market information and valuation methods. Considerable judgment
                  is required in
                  estimating fair value. Accordingly, the estimates of fair value
                  may not be
                  indicative of the amounts the Company could realize in a current
                  market
                  exchange. As of December 31, 2007, and 2006, the carrying value
                  of such
                  financial instruments approximated fair value due to the short-term
                  nature and
                  maturity of these instruments.
  F-11
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  *Statutory
                    Reserves*
 
 The
                  laws
                  and regulations of the PRC require that before an enterprise distributes
                  profits
                  to its stockholders, it must first satisfy all tax liabilities,
                  provide for
                  losses in previous years, and make allocations, in proportions
                  determined at the
                  discretion of the Board of Directors, after the statutory reserve.
                  The statutory
                  reserves include a surplus reserve fund and a common welfare fund.
                  These
                  statutory reserves represent restricted retained earnings.
  *Surplus
                  Reserve Fund*
 
 The
                  Company is required, as necessary, to transfer 10 percent of its
                  net income, as
                  determined in accordance with the PRC accounting rules and regulations,
                  to a
                  statutory surplus reserve fund until such reserve balance reaches
                  50 percent of
                  the Company's registered capital.
 
 The
                  transfer to this reserve must be made before distribution of any
                  dividends to
                  stockholders. The surplus reserve fund is non-distributable other
                  than during
                  liquidation and can be used to fund previous years' losses, if
                  any, and may be
                  utilized for business expansion or converted into share capital
                  by issuing new
                  shares to existing stockholders in proportion to their shareholdings
                  or by
                  increasing the par value of the shares currently held by them,
                  provided that the
                  remaining reserve balance after such issue is not less than 25
                  percent of the
                  registered capital.
  *Common
                  Welfare Fund*
 
 The
                  Company is required, as necessary, to transfer 5 percent to 10
                  percent of its
                  net income, as determined in accordance with the PRC accounting
                  rules and
                  regulations, to the statutory common welfare fund. This fund can
                  only be
                  utilized on capital items for the collective benefit of the Company's
                  employees,
                  such as construction of dormitories, cafeteria facilities, and
                  other staff
                  welfare facilities. This fund is non-distributable other than upon
                  liquidation.
                  The transfer to this fund must be made before distribution of any
                  dividends to
                  stockholders.
  *Revenue
                  Recognition*
 
 The
                  Company recognized revenue when delivery of goods or completion
                  of services has
                  occurred provided there is persuasive evidence of an agreement,
                  acceptance has
                  been approved by its patients, the fee is fixed or determinable
                  based on the
                  completion of stated terms and conditions, and collection of any
                  related
                  receivable is probable .
                  The
                  Company is required to collect a three percent value-added tax
                  (“VAT”) on each
                  sale. Gross revenues do not include this VAT which is remitted
                  to the government
                  quarterly.
 
 F-12
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  *Advertising*
 
 The
                  Company expenses all advertising and promotion costs as incurred.
                  Advertising
                  and promotion costs for the years ended December 31, 2007, 2006,
                  and 2005, were
                  $431,509, $520,729, and $367,198, respectively.
  *Common
                  Stock Registration Expenses*
 
 The
                  Company considers incremental costs and expenses related to the
                  registration of
                  equity securities with the SEC, whether by contractual arrangement
                  as of a
                  certain date or by demand, to be unrelated to original issuance
                  transactions. As
                  such, subsequent registration costs and expenses are reflected
                  in the
                  accompanying financial statements as general and administrative
                  expenses, and
                  are expensed as incurred.
  *Lease
                  Obligations*
 
 All
                  noncancellable leases with an initial term greater than one year
                  are categorized
                  as either capital or operating leases. Assets recorded under capital
                  leases are
                  amortized according to the same methods employed for property and
                  equipment or
                  over the term of the related lease, if shorter.
  *Income
                  Taxes*
 
 The
                  Company accounts for income taxes pursuant to SFAS No. 109, “ *Accounting
                  for Income Taxes* ”
(“SFAS
                  109”). Under SFAS 109, deferred tax assets and liabilities are determined
                  based
                  on temporary differences between the bases of certain assets and
                  liabilities for
                  income tax and financial reporting purposes. The deferred tax assets
                  and
                  liabilities are classified according to the financial statement
                  classification
                  of the assets and liabilities generating the differences.
 
 The
                  Company maintains a valuation allowance with respect to deferred
                  tax assets. The
                  Company establishes a valuation allowance based upon the potential
                  likelihood of
                  realizing the deferred tax asset and taking into consideration
                  the Company’s
                  financial position and results of operations for the current period.
                  Future
                  realization of the deferred tax benefit depends on the existence
                  of sufficient
                  taxable income within the carryforward period under the Federal
                  tax
                  laws.
 
 Foreign
                  operations of the Company are governed by the Income Tax Laws of
                  the PRC.
                  Pursuant to the PRC Income Tax Laws, the Enterprise Income Tax
                  (“EIT”) is at a
                  statutory rate of 33 percent, which is comprises of 30 percent
                  national income
                  tax and three percent local income tax.
  *Comprehensive
                  Income (Loss)*
 
 The
                  Company presents comprehensive income (loss) in accordance with
                  Statement of
                  Financial Accounting Standards No. 130, *“Reporting
                  Comprehensive Income”* (“SFAS
                  No. 130”). SFAS No. 130 states that all items that are required to be recognized
                  under accounting standards as components of comprehensive income
                  (loss) be
                  reported in the financial statements. For the years ended December
                  31, 2007,
                  2006, and 2005, the only components of comprehensive income were
                  the net income
                  for the periods, and the foreign currency translation adjustments.
 
 F-13
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  *Earnings
                  per Common Share*
 
 Basic
                  earnings per share is computed by dividing the net income attributable
                  to the
                  common stockholders by the weighted average number of shares of
                  common stock
                  outstanding during the period. Diluted earnings per share is computed
                  similar to
                  basic earnings per share except that the denominator is increased
                  to include the
                  number of additional common shares that would have been outstanding
                  if the
                  potential common shares had been issued and if the additional common
                  shares were
                  dilutive. There were no dilutive financial instruments issued or
                  outstanding for
                  the years ended December 31, 2007, 2006 and 2005.
 
 *Reclassification*
 
 Certain
                  2005 and 2006 amounts have been reclassified to conform with the
                  2007
                  presentation.
 
 **(2)**  **Dividends
                  Advanced to Stockholders**
 
 The
                  Company has paid dividends to the Company stockholders in advance
                  of the
                  requirements of the laws of the PRC. These advances are repayable
                  to the Company
                  upon demand and bear no interest. The advances have been classified
                  as a
                  reduction of stockholders’ equity in the accompanying balance sheets. For the
                  year ended December 31, 2007, the payment for the dividends advanced
                  to
                  stockholders was made in April 2007, and did not involve the stockholders
                  of
                  Best Care, Inc.
 
 **(3)**  **Loans
                  from Directors and Stockholders**
 
 On
                  August
                  27, 2007, a loan in the amount of $575 from a former Director,
                  officer, and
                  principal stockholder of the Company was forgiven.
 
 On
                  August
                  27, 2007, accrued rent in the amount of $1,800 due to a former
                  Director,
                  officer, and principal stockholder of the Company was forgiven.
 
 During
                  the year ended December 31, 2007, the Company’s Chairman loaned $34,441 to the
                  Company for working capital purposes. The loan is unsecured, bears
                  no interest,
                  and has no terms for repayment.
 
 During
                  the year ended December 31, 2007, a stockholder of the Company
                  loaned $36,904 to
                  the Company for working capital purposes. The loan is unsecured,
                  bears no
                  interest, and has no terms for repayment.
 
 F-14
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
 
 **(4)**  **Commitments
                  and Contingencies**
 
 *Operating
                  Leases*
 
 The
                  Company leases land at its multiple locations from local government
                  entities
                  through real estate leases that have terms from one to five years,
                  and expire on
                  various dates. The leases require annual rental payments of approximately
                  $981,800.
 
 Future
                  minimum lease payments are as follows:
  December
                              31,
                          
                          Amount2008
                          
                          $
                          981,7932009
                          
                          
                          792,3802010
                          
                          
                          716,9572011
                          
                          
                          715,318Total
                              lease payments
                          
                          $
                          3,206,448
 
 **(5)**  **Related
                  Party Transactions**
 
 As
                  described in Note 6, the Company entered into transactions with
                  its former
                  officers and Directors for their services, and issued 3,000,000
                  shares of its
                  common stock at a value of $3,000.
 
 Effective
                  October 3, 2006, the Company entered into a verbal agreement with
                  an individual
                  who was a Director, President and principal stockholder of the
                  Company to lease
                  office space for operations in Evanston, Illinois. The monthly
                  lease rate was
                  $200, and the term of the lease arrangement was month to month.
                  On July 1, 2007,
                  the parties mutually agreed to cancel the lease agreement. On August
                  27, 2007,
                  the accrued rent of $1,800 was forgiven by the former Director,
                  President, and
                  principal stockholder of the Company.
 
 As
                  described in Note 3, during the year ended December 31, 2007, the
                  Company was
                  forgiven of debt amounting for $525 by the former Director, President,
                  Treasurer, and principal stockholder of the Company.
 
 The
                  Company leases a branch office in the City of Shen Yang, PRC from
                  the Company's
                  Chairman, Mr. Sun Jing Xue. Lease payments amounted to $135,251,
                  $122,187, and
                  $101,822, for the years ended December 31, 2007, 2006, and 2005,
                  respectively.
 
 During
                  the year ended December 31, 2007, the Company’s Chairman loaned $34,441 to the
                  Company for working capital purposes. The loan is unsecured, bears
                  no interest,
                  and has no terms for repayment.
 
 During
                  the year ended December 31, 2007, a stockholder of the Company
                  loaned $36,904 to
                  the Company. The loan is unsecured, bears no interest, and has
                  no terms for
                  repayment.
  F-15
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  **(6)**  **Common
                  Stock**
 
 On
                  October 5, 2006, the Company issued 2,200,000 of its common stock
                  to its former
                  Director, President, and Treasurer for services. The transaction
                  was valued at
                  $2,200.
  On
                  October 5, 2006, the Company issued 800,000 of its common stock
                  to its former
                  Director and Corporate Secretary for services. The transaction
                  was valued at
                  $800.
 
 On
                  October 7, 2006, the Board of Directors of the Company approved
                  a Private
                  Placement Offering (“PPO”), exempt from registration under the Securities Act of
                  1933, to raise $62,500 through the issuance of 1,250,000 shares
                  of its common
                  stock, par value $.001 per share, at an offering price of $0.05
                  per share. The
                  PPO had an offering period of 180 days. On November 22, 2006, the
                  Company closed
                  the PPO and, through March 31, 2007, raised cash proceeds of
                  $62,500.
 
 As
                  discussed in Note 7, on August 22, 2007, the Company entered into
                  a Stock
                  Purchase Agreement with Cosell Investments, Ltd. (the “Buyer”), and Haim
                  Perlstein and Chaim Limor (collectively, the “Sellers”). Pursuant to the terms
                  and conditions of the Stock Purchase Agreement, the Buyer acquired
                  from the
                  Sellers 3,000,000 shares of common stock of the Company. As a result
                  of the
                  Stock Purchase Agreement, the Buyer acquired control of the Company
                  on August
                  27, 2007, by purchasing approximately 70.6 percent of the issued
                  and outstanding
                  shares of common stock of the Company directly from the Sellers.
 
 On
                  October 19, 2007, the Company entered into a Merger Agreement,
                  pursuant to which
                  the Company acquired CBL from the CBL Stockholders. Pursuant to
                  the Merger
                  Agreement, the Company exchanged 89,192,442 newly issued shares
                  of its common
                  stock for all of the issued capital stock of CBL (50,000 shares),
                  and CBL became
                  a wholly owned subsidiary of the Company. Further, the Company
                  also became the
                  indirect owner of the Chinese operating subsidiary of CBL, BBL.
 
 CBL
                  was
                  formed on March 7, 2007, under the laws of the British Virgin Islands.
                  CBL owns
                  all of the issued and outstanding stock and ownership of BBL. Currently,
                  BBL
                  engages primarily in the distribution of books to retail booksellers,
                  eggs to
                  retail stores, raw logs to saw mills and paper mills, railway and
                  highway
                  logistic transportation, and storage services for large cargoes
                  in the
                  PRC.
 
 CBL
                  is
                  considered to have acquired Beijing Logistic by a reverse merger.
                  The reverse
                  merger has been recorded as a recapitalization of the Company,
                  with the
                  consolidated net assets of CBL Limited and its wholly owned operating
                  subsidiary
                  BBL, and net assets of Beijing Logistic brought forward at their
                  historical
                  bases. The costs associated with the reverse merger have been expensed
                  as
                  incurred.
  **(7)**  **Change
                  in Management**
 
 As
                  described in Note 6, on August 22, 2007, Best Care entered into
                  a Stock Purchase
                  Agreement with Cosell Investments, Ltd. (the “Buyer”), and Haim Perlstein and
                  Chaim Limor (collectively, the “Sellers”). Pursuant to the terms and conditions
                  of the Stock Purchase Agreement, the Buyer acquired from the Sellers
                  3,000,000
                  shares of common stock of the Company. As a result of the Stock
                  Purchase
                  Agreement, the Buyer acquired control of the Company on August
                  27, 2007, by
                  purchasing approximately 70.6 percent of the issued and outstanding
                  shares of
                  common stock of the Company directly from the Sellers.
  F-16
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  Pursuant
                  to the terms and conditions set forth in the Stock Purchase Agreement,
                  immediately following the closing of the transaction to purchase
                  the 3,000,000
                  shares of common stock of the Company from the Sellers, (i) the
                  Buyers’ nominee,
                  Jing Jiang, was appointed to the Board of Directors, (ii) Chaim
                  Limor tendered
                  his resignation from the Board of Directors and as an officer of
                  the Company,
                  and (iii) Haim Perlstein tendered his resignation from the Board
                  of Directors
                  and as an officer, effective as of ten days after the delivery
                  to the
                  stockholders of the Company of an Information Statement pursuant
                  to Rule 14f. In
                  addition, Jing Jiang was appointed as the Chairman, Chief Executive
                  Officer,
                  Chief Financial Officer, and Secretary of the Company.
  On
                  November 21, 2007, Jing Jiang tendered her resignation from her
                  position as
                  Chief Executive Officer, Chief Financial Officer, and Secretary
                  of the Company.
                  As sole Director of the Company, Jing Jiang appointed Yu Zhang
                  to the position
                  of Chief Executive Officer, Xiangrong Xie to the position of Secretary,
                  and
                  Jianlun Jing to the position of Chief Financial Officer. Such appointments
                  became effective upon the close of business of November 21, 2007.
                  Jing Jiang
                  then tendered an undated resignation as a Director of the Company,
                  and appointed
                  Sun Jing Xue (Chairman), and Xinghua Li to the Board of Directors
                  of the
                  Company, effective December 18, 2007.
  **(8)**  **Income
                  Taxes**
 
 The
                  provision for income taxes for the years ended December 31, 2007,
                  2006, and
                  2005, was as follows (assuming a 33% effective tax rate):
 **2007**
                          
                          **2006**
                          
                          **2005**Current
                              Tax Provision:National
                              and local-
                          
                          $
                          6,673,053
                          
                          $
                          4,643,589
                          
                          $
                          3,198,371Total
                              current tax provision
                          
                          $
                          6,673,053
                          
                          $
                          4,643,589
                          
                          $
                          3,198,371
 **(9)**  **Recent
                  Accounting Pronouncements**
 
 In
                  February 2007, the FASB issued SFAS No. 159, “ *The
                  Fair Value Option for Financial Assets and Financial Liabilities
                  - Including An
                  Amendment of FASB Statement No. 115* ”
(“SFAS
                  No. 159”), which permits entities to measure many financial instruments
                  and
                  certain other items at fair value that are not currently required
                  to be measured
                  at fair value. An entity would report unrealized gains and losses
                  on items for
                  which the fair value option has been elected in earnings at each
                  subsequent
                  reporting date. The objective is to improve financial reporting
                  by providing
                  entities with the opportunity to mitigate volatility in reported
                  earnings caused
                  by measuring related assets and liabilities differently without
                  having to apply
                  complex hedge accounting provisions. The decision about whether
                  to elect the
                  fair value option is applied instrument by instrument, with a few
                  exceptions;
                  the decision is irrevocable; and it is applied only to entire instruments
                  and
                  not to portions of instruments. SFAS No. 159 requires disclosures
                  that
                  facilitate comparisons (a) between entities that choose different
                  measurement
                  attributes for similar assets and liabilities and (b) between assets
                  and
                  liabilities in the financial statements of an entity that selects
                  different
                  measurement attributes for similar assets and liabilities. SFAS
                  No. 159 is
                  effective for financial statements issued for fiscal years beginning
                  after
                  November 15, 2007. Early adoption is permitted as of the beginning
                  of a fiscal
                  year, provided the entity also elects to apply the provisions of
                  SFAS No. 157.
                  Upon implementation, an entity shall report the effect of the first
                  re-measurement to fair value as a cumulative-effect adjustment
                  to the opening
                  balance of retained earnings. Since the provisions of SFAS No.
                  159 are applied
                  prospectively, any potential impact will depend on the instruments
                  selected for
                  fair value measurement at the time of implementation. The management
                  of the
                  Company does not believe that this new pronouncement will have
                  a material impact
                  on its financial statements.
 
 F-17
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  In
                  December 2007, the FASB issued SFAS No. 141R, “ *Business
                  Combinations - Revised 2007* ”
(“SFAS
                  No. 141R”), which replaces FASB Statement No. 141, “ *Business
                  Combinations* .”
SFAS
                  No. 141R ** establishes
                  principles and requirements intending to improve the relevance,
                  representational
                  faithfulness, and comparability of information that a reporting
                  entity provides
                  in its financial reports about a business combination and its effects.
                  This is
                  accomplished through requiring the acquirer to recognize assets
                  acquired and
                  liabilities assumed arising from contractual contingencies as of
                  the acquisition
                  date, measured at their acquisition-date fair values. This includes
                  contractual
                  contingencies only if it is more likely than not that they meet
                  the definition
                  of an asset of a liability in FASB Concepts Statement No. 6, “ *Elements
                  of Financial Statements* - *a
                  replacement of FASB Concepts Statement No. 3.* ” ** This
                  statement also requires the acquirer to recognize goodwill as of
                  the acquisition
                  date, measured as a residual. However, this statement improves
                  the way in which
                  an acquirer’s obligations to make payments conditioned on the outcome of future
                  events are recognized and measured, which in turn improves the
                  measure of
                  goodwill. This statement also defines a bargain purchase as a business
                  combination in which the total acquisition-date fair value of the
                  consideration
                  transferred plus any noncontrolling interest in the acquiree, and
                  it requires
                  the acquirer to recognize that excess in earnings as a gain attributable
                  to the
                  acquirer. This, therefore, improves the representational faithfulness
                  and
                  completeness of the information provided about both the acquirer’s earnings
                  during the period in which it makes a bargain purchase and the
                  measures of the
                  assets acquired in the bargain purchase. The Company does not expect
                  the
                  adoption of this pronouncement to have a material impact on its
                  financial
                  statements.
  In
                  December 2007, the FASB issued SFAS No. 160, “ *Noncontrolling
                  Interests in Consolidated Financial Statements - An Amendment of
                  ARB No.
                  51* ”
(“SFAS
                  No. 160”), ** which
                  establishes accounting and reporting standards for the noncontrolling
                  interest
                  in a subsidiary and for the deconsolidation of a subsidiary. Specifically,
                  this
                  statement requires the recognition of a noncontrolling interest
                  (minority
                  interest) as equity in the consolidated financial statements and
                  separate from
                  the parent’s equity. The amount of net income attributable to the noncontrolling
                  interest will be included in consolidated net income on the face
                  of the income
                  statement. SFAS No. 160 clarifies that changes in a parent’s ownership interest
                  in a subsidiary that do not result in deconsolidation are equity
                  transactions if
                  the parent retains its controlling financial interest. In addition,
                  this
                  statement requires that a parent recognize a gain or loss in net
                  income when a
                  subsidiary is deconsolidated. Such gain or loss will be measured
                  using the fair
                  value of the noncontrolling equity investment on the deconsolidation
                  date. SFAS
                  No. 160 also includes expanded disclosure requirements regarding
                  the interests
                  of the parent and its noncontrolling interest.
 
 F-18
 **BEIJING
                      LOGISTIC, INC.**
 **(FORMERLY
                      BEST CARE, INC.)**
 **NOTES
                      TO FINANCIAL STATEMENTS**
 **DECEMBER
                      31, 2007, 2006, AND 2005**
  SFAS
                  No.
                  160 is effective for fiscal years, and interim periods within those
                  fiscal
                  years, beginning on or after December 15, 2008. Earlier adoption
                  is prohibited.
                  The management of the Company does not expect the adoption of this
                  pronouncement
                  to have a material impact on its financial statements.
  In
                  March
                  2008, the FASB issued FASB Statement No. 161, *“Disclosures
                  about Derivative Instruments and Hedging Activities - An Amendment
                  of FASB
                  Statement 133”* (“SFAS
                  No. 161”). SFAS No. 161 enhances required disclosures regarding derivatives
                  and
                  hedging activities, including enhanced disclosures regarding how:
                  (a) an entity
                  uses derivative instruments; (b) derivative instruments and related
                  hedged items
                  are accounted for under FASB No. 133, *“Accounting
                  for Derivative Instruments and Hedging Activities”* ;
                  and (c)
                  derivative instruments and related hedged items affect an entity’s financial
                  position, financial performance, and cash flows. Specifically,
                  FASB No. 161
                  requires:
 
 ●
                        Disclosure
                            of the objectives for using derivative instruments be
                            disclosed in terms
                            of underlying risk and accounting
                            designation;
 ●
                        Disclosure
                            of the fair values of derivative instruments and their
                            gains and losses in
                            a tabular format;
 ●
                        Disclosure
                            of information about credit-risk-related contingent features;
                            and
 ●
                        Cross-reference
                            from the derivative footnote to other footnotes in which
                            derivative-related information is
                            disclosed.
 
 FASB
                  No.
                  161 is effective for fiscal years and interim periods beginning
                  after November
                  15, 2008. Earlier application is encouraged. The management of
                  the Company does
                  not expect the adoption of this pronouncement to have a material
                  impact on its
                  financial statements.
  **(9)**  **Subsequent
                  Events**
 
 On
                  January 15, 2008, the Company changed its name from Best Care,
                  Inc. to Beijing
                  Logistic, Inc.
 
 On
                  January 15, 2008, the Company increased the number of authorized
                  shares of
                  common stock, par value $0.001 per share, from 100,000,000 shares
                  to 500,000,000
                  shares.
  F-19


**SIGNATURES**





Pursuant
      to the requirements of Section 13 or 15(d) of the Securities and Exchange Act
      of
      1934, the Company has duly caused this report to be signed on its behalf by
      the
      undersigned, thereunto duly authorized, on this 14th day of April
      2008.




**BEIJING
                LOGISTIC, INC.**/s/****Yu
                ZhangYu
                ZhangChief
                Executive Officer




Pursuant
      to the requirements of the Securities Exchange Act of 1934, this amended report
      has been signed below by the following persons on behalf of the Company and
      in
      the capacities indicated below and on the dates indicated .





**Signatures**
            
            **Title**
            
            **Date**/s/****Yu
                ZhangYu Zhang
            
            Chief
                Executive Officer
            
            April
                14, 2008/s/
                Jianlun JingJianlun Jing
            
            Chief
                Financial Officer
            
            April
                14, 2008/s/
                Xiangrong XieXiangrong Xie
            
            Secretary
            
            April
                14, 2008/s/
                Jingxue SunJingxue Sun
            
            Director
            
            April
                14, 2008/s/
                Xinhua LiXinhua Li
            
            Director
            
            April
                14, 2008