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

| Large accelerated filer  o |   | Accelerated filer  o |   | Non-accelerated filer  o |   | Smaller reporting company  þ |
|---------------------------------|--------|---------------------------|--------|-------------------------------|--------|----------------------------------------|

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|                      |                                                                                                            | Page   |   |
|---------------------------|-----------------------------------------------------------------------------------------------------------------|--------|--------|
| PART I                    |
|                      |                                                                                                            |   |   |   |
| Item 1.    | Description of Business                                                                                         |   |   | 3 |   |
| Item 2.    | Description of Property                                                                                         |   |   |  11 |   |
| Item 3.              | Legal Proceedings                                                                                               |   |   |  11 |   |
| Item 4.                   | Submission of Matters to a Vote of Security Holders                                                             |   |   |  11 |   |
|                      |                                                                                                            |   |   |   |   |
| PART II                   |
|                      |                                                                                                            |   |   |   |   |
| Item 5.                   | Market for Common Equity and Related Stockholder Matters                                                        |   |   |  11 |   |
| Item 6.                   | Management’s Discussion and Analysis or Plan of Operation                                                 |   |   |  14 |   |
| Item 7.                   | Financial Statements                                                                                            |   |   |  14 |   |
| Item 8.                   | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                            |   |   |  30 |   |
| Item 8A.                  | Contols and Procedures                                                                                          |   |   |  30 |   |
| Item 8B.                  | Other Information                                                                                               |   |   |  31 |   |
|                      |                                                                                                            |   |   |   |   |
| PART III                  |
|                      |                                                                                                            |   |   |   |   |
| Item 9.    | Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act |   |   |  32 |   |
| Item 10.             | Executive Compensation                                                                                          |   |   |  33 |   |
| Item 11.             | Security Ownership of Certain Beneficial Owners and Management And Related Stockholder Matters                  |   |   |  34 |   |
| Item 12.             | Certain Relationships and Related Transactions                                                                  |   |   |  35 |   |
| Item 13.             | Exhibits                                                                                                        |   |   |  37 |   |
| Item 14.             | Principal Accountant Fees and Services                                                                          |   |   |  37 |   |

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

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

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

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| 1.     | General and administrative expenses increased by $54,711, or 182%, to $84,682 for the year ended August 31, 2011 from $29,971 for the prior year ended August 31, 2010. This is attributable to two factors: increase in costs incurred to maintain and upgrade our training vessel; issuance of common stock for services provided, valued at $37,500 in the current year. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                             |
| 2.     | Professional fees increased by $20,497 or 85% to $44,687 for the year ended August 31, 2011 from $24,190 for the prior year ended August 31, 2010. This is attributable to the issuance of common stock for consulting services valued at $22,500.                                                                                                                          |
| 3.     | Revenue remained at $-0- for the year ended August 31, 2011 from $-0- for the year ended August 31, 2010.  There was no revenue from sailing school operations during each of the last two years.  We believe student revenue was negatively impacted by the impaired US economy.                                                                       |

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| Report of Independent Registered Public Accounting Firm | 19     |
|---------------------------------------------------------|--------|
|                                                    |   |
| Balance Sheets                                          | 20     |
|                                                    |   |
| Statements of Operations.                               | 21     |
|                                                    |   |
| Statements of Stockholders’ Equity (Deficit)      | 22     |
|                                                    |   |
| Statements of Cash Flows                                | 23     |
|                                                    |   |
| Notes to the Financial Statements.                      | 24     |

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|                                                                |   | August 31, |     |   | August 31, |   |
|---------------------------------------------------------------------|--------|------------|----------|--------|------------|--------|
|                                                                |   | 2011       |     |   | 2010       |   |
| Assets                                                              |
|                                                                |   |       |     |   |       |   |
| Current Assets:                                                     |   |       |     |   |       |   |
| Cash                                                                |   | $          | 3,993    |   |       | $      | 1,545 |   |
| Prepaid asset                                                       |   |       | 234      |   |       |   | 172 |   |
|                                                                |   |       |     |   |       |   |   |   |
| Total current assets                                                |   |       | 4,227    |   |       |   | 1,717 |   |
|                                                                |   |       |     |   |       |   |   |   |
| Property and equipment, net                                         |   |       | 18,611   |   |       |   | 25,374 |   |
|                                                                |   |       |     |   |       |   |   |   |
| Total assets                                                        |   | $          | 22,838   |   |       | $      | 27,091 |   |
|                                                                |   |       |     |   |       |   |   |   |
|                                                                |   |       |     |   |       |   |   |   |
| Liabilities and Shareholders’ Equity (Deficit)                |
| Current liabilities:                                                |   |       |     |   |       |   |   |   |
| Accounts payable                                                    |   | $          | 330      |   |       | $      | 477 |   |
| Accrued interest payable, related party                             |   |       | 5,803    |   |       |   | 4,623 |   |
| Loans payable to related party                                      |   |       | 52,300   |   |       |   | 77,599 |   |
|                                                                |   |       |     |   |       |   |   |   |
| Total current liabilities                                           |   |       | 58,433   |   |       |   | 82,699 |   |
|                                                                |   |       |     |   |       |   |   |   |
| Shareholders’ equity (deficit):                               |   |       |     |   |       |   |   |   |
| Preferred stock, no par value; 5,000,000 shares authorized,         |   |       |     |   |       |   |   |   |
| no shares issued and outstanding                                    |   |       | —  |   |       |   | — |   |
| Common stock, no par value; 300,000,000 shares authorized,          |   |       |     |   |       |   |   |   |
| 4,734,658 and 3,547,334 shares issued and outstanding, respectively |   |       | 388,815  |   |       |   | 235,250 |   |
| Additional paid-in capital                                          |   |       | 27,301   |   |       |   | 23,051 |   |
| Common stock subscription                                           |   |       | —  |   |       |   | 1,000 |   |
| Accumulated deficit                                                 |   |       | (500     | )      |       |   | (500 | ) |
| Deficit accumulated during development stage                        |   |       | (451,211 | )      |       |   | (314,409 | ) |
| Total shareholders' equity (deficit)                                |   |       | (35,595  | )      |       |   | (55,608 | ) |
|                                                                |   |       |     |   |       |   |   |   |
| Total liabilities and shareholders' equity (deficit)                |   | $          | 22,838   |   |       | $      | 27,091 |   |

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|                                         |   |               |      |   |       |   |      | March 1,    |   |
|----------------------------------------------|--------|--------------------|-----------|--------|------------|--------|-----------|-------------|--------|
|                                         |   |               |      |   |       |   |      | 2005        |   |
|                                         |   |               |      |   |       |   |      | (Inception) |   |
|                                         |   | For the Year Ended |      |   | Through    |   |
|                                         |   | August 31,         |      |   | August 31, |   |
|                                         |   | 2011               |      |   | 2010       |   |      | 2011        |   |
|                                         |   |               |      |   |       |   |      |        |   |
| Revenue                                      |   | $                  | —   |   |       | $      | —   |        |   | $ | 1,750 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Operating expenses:                          |   |               |      |   |       |   |      |        |   |   |   |   |
| Professional fees                            |   |               | 44,687    |   |       |   | 24,190    |        |   |   | 132,518 |   |
| Contributed services, related party (Note 2) |   |               | 4,250     |   |       |   | 2,580     |        |   |   | 22,811 |   |
| General and administrative                   |   |               | 84,682    |   |       |   | 29,971    |        |   |   | 280,933 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total operating expenses                     |   |               | 133,619   |   |       |   | 56,741    |        |   |   | 436,262 |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Loss from operations                         |   |               | (133,619  | )      |       |   | (56,741   | )           |   |   | (434,512 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Other Income (Expense)                       |   |               |      |   |       |   |      |        |   |   |   |   |
| Other income                                 |   |               | —   |   |       |   | 274       |        |   |   | 274 |   |
| Interest expense                             |   |               | (3,183    | )      |       |   | (3,803    | )           |   |   | (16,973 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total other expenses                         |   |               | (3,183    | )      |       |   | (3,529    | )           |   |   | (16,699 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Net loss                                     |   |               | (136,802  | )      |       |   | (60,270   | )           |   |   | (451,211 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Other Comprehensive Income (Loss)            |   |               |      |   |       |   |      |        |   |   |   |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Gain (loss) on foreign currency exchange     |   |               | —   |   |       |   | 765       |        |   |   | — |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Total Comprehensive Loss                     |   | $                  | (136,802  | )      |       | $      | (59,505   | )           |   | $ | (451,211 | ) |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Basic and diluted loss per share             |   | $                  | (0.03     | )      |       | $      | (0.02     | )           |   |   |   |   |
|                                         |   |               |      |   |       |   |      |        |   |   |   |   |
| Basic and diluted weighted average           |   |               |      |   |       |   |      |        |   |   |   |   |
| common shares outstanding                    |   |               | 4,079,469 |   |       |   | 3,489,885 |        |   |   |   |   |

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|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                | Deficit     |   |   |                |   |
|------------------------------------------------------|--------|--------------|---------------------|--------|---------|--------|--------------------|---------------|--------|--------|---------------|--------|--------|--------------|---------------|--------|-------------|--------|---------------------|-------------|--------|--------|---------------------|--------|
|                                                 |   |         |                |   |    |   |               |          |   |   | Accumulated   |   |   |         |          |   |        |   |                | Accumulated |   |   |                |   |
|                                                 |   |         |                |   |    |   |               | Additional    |   |   | Other         |   |   | Common       |          |   |        |   |                | During      |   |   |                |   |
|                                                 |   | Common Stock |                |   | Paid-in |   |               | Comprehensive |   |   | Stock         |   |   | Accumulated  |          |   | Development |   |                | Total       |   |
|                                                 |   | Shares       |                |   | Amount  |   |               | Capital       |   |   | Loss          |   |   | Subscription |          |   | Deficit     |   |                | Stage       |   |   | Equity              |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |
| Balance at March 1, 2005 (inception)                 |   |         | 100,000             |   |    | $      | 500                |          |   | $      | 100           |   |   | $            | —       |   |        | $      | —             |        |   | $      | (500                | )      |   | $ | — |   |   | $ | 100 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued in exchange for a Sailing vessel |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.034 per share on                               |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| March 4, 2005                                        |   |         | 1,150,000           |   |    |   | 39,000             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 39,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, period ended August 31, 2005               |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (18,677  | ) |   |   | (18,677  | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2005                           |   |         | 1,250,000           |   |    |   | 39,500             |          |   |   | 100           |   |   |         | —       |   |        |   | —             |        |   |   | (500                | )      |   |   | (18,677  | ) |   |   | 20,423   |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on September 20,    |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| 2005 at $0.04 per share                              |   |         | 700,000             |   |    |   | 28,000             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 28,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on September 20,    |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| 2005 to arelated party at                            |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| $0.04 per share                                      |   |         | 700,000             |   |    |   | 28,000             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 28,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Various common stock issuances for cash              |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.10 per share                                   |   |         | 500,000             |   |    |   | 50,000             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 50,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Contributed capital                                  |   |         | —             |   |    |   | —            |          |   |   | 1,965         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,965 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2006                 |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (70,441  | ) |   |   | (70,441  | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2006                           |   |         | 3,150,000           |   |    |   | 145,500            |          |   |   | 2,065         |   |   |         | —       |   |        |   | —             |        |   |   | (500                | )      |   |   | (89,118  | ) |   |   | 57,947   |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Contributed capital                                  |   |         | —             |   |    |   | —            |          |   |   | 925           |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 925 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Office space contributed by an officer               |   |         | —             |   |    |   | —            |          |   |   | 1,200         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,200 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer                   |   |         | —             |   |    |   | —            |          |   |   | 7,271         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 7,271 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                       |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | 417           |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 417 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2007                 |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (48,954  | ) |   |   | (48,954  | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2007                           |   |         | 3,150,000           |   |    |   | 145,500            |          |   |   | 11,461        |   |   |         | 417           |   |        |   | —             |        |   |   | (500                | )      |   |   | (138,072 | ) |   |   | 18,806 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash on November16,          |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
|  2007 at $0.25 per share                        |   |         | 239,000             |   |    |   | 59,750             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 59,750 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Contributed capital                                  |   |         | —             |   |    |   | —            |          |   |   | 669           |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 669 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Office space contributed by an officer               |   |         | —             |   |    |   | —            |          |   |   | 1,200         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,200 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer                   |   |         | —             |   |    |   | —            |          |   |   | 2,674         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 2,674 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                       |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | 32            |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 32 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2008                 |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (57,173  | ) |   |   | (57,173  | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2008                           |   |         | 3,389,000           |   |    |   | 205,250            |          |   |   | 16,004        |   |   |         | 449           |   |        |   | —             |        |   |   | (500                | )      |   |   | (195,245 | ) |   |   | 25,958 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Contributed capital                                  |   |         | —             |   |    |   | —            |          |   |   | 1,757         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,757 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Office space contributed                             |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| by an officer                                        |   |         | —             |   |    |   | —            |          |   |   | 1,200         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,200 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer                   |   |         | —             |   |    |   | —            |          |   |   | 1,510         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,510 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange loss                       |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | (1,214        | )      |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | (1,214 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Various Common stock issuances for cash              |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.20 per share                                   |   |         | 80,500              |   |    |   | 16,100             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 16,100 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2009                 |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (58,894 | ) |   |   | (58,894 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2009                           |   |         | 3,469,500           |   |    |   | 221,350            |          |   |   | 20,471        |   |   |         | (765          | )      |        |   | —             |        |   |   | (500                | )      |   |   | (254,139 | ) |   |   | (13,583 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Office space contributed                             |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| by an officer                                        |   |         | —             |   |    |   | —            |          |   |   | 1,200         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,200 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer                   |   |         | —             |   |    |   | —            |          |   |   | 1,380         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,380 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Various common stock issuances for cash              |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.20 per share                                   |   |         | 44,500              |   |    |   | 8,900              |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 8,900 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash on July 24, 2010        |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.15 per share                                   |   |         | 33,334              |   |    |   | 5,000              |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 5,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain                       |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | 765           |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 765 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock subscribed on June 2, 2010              |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | 1,000               |        |   |   | —             |   |   |   | — |   |   |   | 1,000 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2010                 |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   |                |   |   |   | (60,270 | ) |   |   | (60,270 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2010                           |   |         | 3,547,334           |   |    |   | 235,250            |          |   |   | 23,051        |   |   |         | —       |   |        |   | 1,000               |        |   |   | (500                | )      |   |   | (314,409 | ) |   |   | (55,608 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Office space contributed by                          |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| an officer                                           |   |         | —             |   |    |   | —            |          |   |   | 1,200         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 1,200 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer                   |   |         | —             |   |    |   | —            |          |   |   | 3,050         |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 3,050 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Various common stock issuances for cash              |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| at $0.15 per share                                   |   |         | 290,003             |   |    |   | 43,500             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 43,500 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock subscribed                              |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| on November 30, 2010                                 |   |         | 6,667     |   |    |   | 1,000    |          |   |   | —  |   |   |         | —  |   |        |   | (1,000)             |        |   |   | —        |   |   |   | —  |   |   |   | —  |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Conversion of related party note into common         |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| stock at $0.10 per share                             |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| on December 10, 2011                                 |   |         | 490,654   |   |    |   | 49,065   |          |   |   | —  |   |   |         | —  |   |        |   | —   |        |   |   | —   |   |   |   | —   |   |   |   | 49,065   |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on August 3,        |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| 2011 to a related party at                           |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| $0.15 per share                                      |   |         | 250,000             |   |    |   | 37,500             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 37,500 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on August 4,        |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| 2011 at $0.15 per share                              |   |         | 150,000             |   |    |   | 22,500             |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | — |   |   |   | 22,500 |   |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Net Loss year ended August 31, 2011                  |   |         | —             |   |    |   | —            |          |   |   | —       |   |   |         | —       |   |        |   | —             |        |   |   | —             |   |   |   | (136,802 | ) |   |   | (136,802 | ) |
|                                                 |   |         |                |   |    |   |               |          |   |   |          |   |   |         |          |   |        |   |                |        |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2011                           |   |         | 4,734,658           |   |    | $      | 388,815            |          |   | $      | 27,301        |   |   | $            | —       |   |        | $      | —             |        |   | $      | (500                | )      |   | $ | (451,211 | ) |   | $ | (35,595 | ) |

----

|                                              |   |               |     |   |       |   |    | March 1,    |   |
|---------------------------------------------------|--------|--------------------|----------|--------|------------|--------|---------|-------------|--------|
|                                              |   |               |     |   |       |   |    | 2005        |   |
|                                              |   |               |     |   |       |   |    | (Inception) |   |
|                                              |   | For the Year Ended |     |   | Through    |   |
|                                              |   | August 31,         |     |   | August 31, |   |
|                                              |   | 2011               |     |   | 2010       |   |    | 2011        |   |
| Cash flows from operating activities:             |   |               |     |   |       |   |    |        |   |
| Net loss                                          |   | $                  | (136,802 | )      |       | $      | (60,270 | )           |   | $ | (451,211 | ) |
| Adjustments to reconcile net loss to net cash     |   |               |     |   |       |   |    |        |   |   |   |   |
| used by operating activities:                     |   |               |     |   |       |   |    |        |   |   |   |   |
| Depreciation expense                              |   |               | 6,763    |   |       |   | 9,185   |        |   |   | 47,260 |   |
| Contributed capital to fund expenses              |   |               | 4,250    |   |       |   | 2,580   |        |   |   | 27,201 |   |
| Common stock issued for services                  |   |               | 60,000   |   |       |   | — |        |   |   | 116,000 |   |
| Changes in operating assets and liabilities:      |   |               |     |   |       |   |    |        |   |   |   |   |
| (Increase) decrease in prepaid services           |   |               | (62      | )      |       |   | 85      |        |   |   | (234 | ) |
| Increase (decrease) in accounts payable           |   |               |     |   |       |   |    |        |   |   |   |   |
| and accrued liabilities                           |   |               | 1,033    |   |       |   | 5,045   |        |   |   | 13,047 |   |
| Net cash used in                                  |   |               |     |   |       |   |    |        |   |   |   |   |
| operating activities                              |   |               | (64,818  | )      |       |   | (43,375 | )           |   |   | (247,937 | ) |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash flows from investing activities:             |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash paid for fixed assets                        |   |               | —  |   |       |   | (6,576  | )           |   |   | (26,870 | ) |
| Net cash used in                                  |   |               |     |   |       |   |    |        |   |   |   |   |
| investing activities                              |   |               | —  |   |       |   | (6,576  | )           |   |   | (26,870 | ) |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash flows from financing activities:             |   |               |     |   |       |   |    |        |   |   |   |   |
| Common stock issued for cash                      |   |               | 43,500   |   |       |   | 14,900  |        |   |   | 184,250 |   |
| Proceeds from related party loans                 |   |               | 35,766   |   |       |   | 22,984  |        |   |   | 106,450 |   |
| Payments on related party loans                   |   |               | (12,000  | )      |       |   | — |        |   |   | (12,000 | ) |
| Net cash provided by                              |   |               |     |   |       |   |    |        |   |   |   |   |
| financing activities                              |   |               | 67,266   |   |       |   | 37,884  |        |   |   | 278,700 |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Net change in cash                                |   |               | 2,448    |   |       |   | (12,067 | )           |   |   | 3,893 |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash, beginning of period                         |   |               | 1,545    |   |       |   | 13,612  |        |   |   | 100 |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash, end of period                               |   | $                  | 3,993    |   |       | $      | 1,545   |        |   | $ | 3,993 |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| Supplemental disclosure of cash flow information: |   |               |     |   |       |   |    |        |   |   |   |   |
| Cash paid during the period for:                  |   |               |     |   |       |   |    |        |   |   |   |   |
| Income taxes                                      |   | $                  | —  |   |       | $      | — |        |   | $ | — |   |
| Interest                                          |   | $                  | 2,003    |   |       | $      | — |        |   | $ | 4,254 |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
|                                              |   |               |     |   |       |   |    |        |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                    |   |               |     |   |       |   |    |        |   |   |   |   |
| Common stock issued for services                  |   | $                  | 60,000   |   |       | $      | — |        |   | $ | 116,000 |   |

----

----

| NOTE 1 - | ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----------|-------------------------------------------------------------------------|

|                                                 |   | 2011   |     |   | 2010   |   |
|------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Deferred tax assets:                                 |   |   |     |   |   |   |
|   NOL Carryover                            |   | $      | 107,800  |   |   | $      | 90,100 |   |
|   Related Party Accruals                   |   |   | 1,700    |   |   |   | 1,400 |   |
|                                                 |   |   |     |   |   |   |   |   |
|      Valuation allowance    |   |   | (109,500 | )      |   |   | (91,500 | ) |
|      Net deferred tax asset |   | $      | -        |   |   | $      | - |   |

|                            |   | 2011   |    |   | 2010   |   |
|---------------------------------|--------|--------|---------|--------|--------|--------|
| Book Loss                       |   | $      | (41,041 | )      |   | $      | (18,081 | ) |
| Foreign Currency                |   |   | -       |   |   |   | 230 |   |
| Contributed Services            |   |   | 1,275   |   |   |   | - |   |
| Stock Issued for Services       |   |   | 18,000  |   |   |   | - |   |
|                            |   |   |    |   |   |   |   |   |
|   Valuation allowance |   |   | 21,766  |   |   |   | 17,851 |   |
|                            |   | $      | -       |   |   | $      | - |   |

----

| NOTE 1 - | ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)  |
|----------|-------------------------------------------------------------------------------|

|   | d.  Income Taxes (Continued) |
|--------|----------------------------------------|

|                                             |   | 2011   |    |   | 2010   |   |
|--------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Sailing vessel                                   |   | $      | 65,870  |   |   | $      | 65,870 |   |
| Accumulated depreciation                         |   |   | (47,259 | )      |   |   | (40,496 | ) |
|      Total fixed assets |   | $      | 18,611  |   |   | $      | 25,374 |   |

----

| NOTE 1 - | ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----------|-------------------------------------------------------------------------|

----

| NOTE 3 - | COMMON STOCK TRANSACTIONS |
|----------|---------------------------|

----

| NOTE 3 - | COMMON STOCK TRANSACTIONS (continued) |
|----------|---------------------------------------|

| NOTE 4 - | GOING CONCERN |
|----------|---------------|

| NOTE 5 - | SUBSEQUENT EVENT |
|----------|------------------|

----

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

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| NAME             |   | POSITION                                                   |   | AGE      |
|------------------|--------|------------------------------------------------------------|--------|----------|
|             |   |                                                       |   |     |
| James B. Wiegand |   | President, Chief Financial Officer, Secretary and Director |   |  65 |

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|                 |   |   |   |                |    |   |                |   |    | Long Term        |   |   | All Other   |   |
|----------------------|--------|--------|--------|---------------------|---------|--------|---------------------|--------|---------|------------------|--------|--------|-------------|--------|
|                 |   |   |   | Annual Compensation |    |   | Compensation Awards |   |    | Compensation ($) |   |
|                 |   |   |   |                |    |   |                |   |    |             |   |   | Securities  |   |
| Name and             |   |   |   |                |    |   |                |   |    | Restricted Stock |   |   | Underlying  |   |
| Principal Position   |   | Year   |   | Salary ($)          |    |   | Bonus ($)           |   |    | Awards ($)       |   |   | Options (#) |   |
| James B.             |   | 2011   |   |                | 0       |   |                |   | 0       |             |   |   | 0           |   |   |   | 0 |   |
|                 |   | 2010   |   |                |  0 |   |                |   |  0 |             |   |   |  0     |   |   |   |  0 |   |
| Wiegand              |   | 2009   |   |                | 0       |   |                |   | 0       |             |   |   | 0           |   |   |   | 0 |   |
| President, Secretary |   | 2008   |   |                | 0       |   |                |   | 0       |             |   |   | 0           |   |   |   | 0 |   |
| and Director         |   | 2007   |   |                | 0       |   |                |   | 0       |             |   |   | 0           |   |   |   | 0 |   |

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| OFFICERS, DIRECTORS                                        |   | NUMBER    |      |   | BENEFICIAL    |   |
|------------------------------------------------------------|--------|-----------|-----------|--------|---------------|--------|
| AND 5% STOCKHOLDERS                                        |   | OF SHARES |      |   | OWNERSHIP (%) |   |
|                                                       |   |      |      |   |          |   |
| James B. Wiegand                                           |   |      | 1,740,659 | (1)*   |          |   | 36.7 | % |
|                                                       |   |      |      |   |          |   |   |   |
| Katherine Gould                                            |   |      | 566,000   | (2)    |          |   | 11.9 | % |
|                                                       |   |      |      |   |          |   |   |   |
| Michael Wiegand                                            |   |      | 946,000   | (3)    |          |   | 20.0 | % |
|                                                       |   |      |      |   |          |   |   |   |
| All directors and executive officers as a group (1 person) |   |      | 1,740,659 | *      |          |   | 36.7 | % |

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

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

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|                                           | ROSEWIND CORPORATION             (Registrant) |                                                                  |
|------------------------------------------------|-----------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|
|                                           |                                                                                                      |                                                                  |   |
| DATE:    November 29, 2011 | By:                                                                                                       | /s/ James B. Wiegand                                                  |   |
|                                           |                                                                                                      | James B. Wiegand,President, Sole Director and Chief Financial Officer |   |

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