----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| DELAWARE                                                                |   | 000-51193                  |   |  20-8326081                       |
|-------------------------------------------------------------------------|--------|----------------------------|--------|----------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) |   | (Commission      File No.) |   | (IRS      Employee Identification No.) |

----

----

----

| Item      1.  | Financial      Statements                                              |
|---------------|------------------------------------------------------------------------|
| Item      2.  | Management’s      Discussion and Analysis of Financial Condition |
| Item      3   | Quantitative      and Qualitative Disclosures About Market Risk        |
| Item      4T. | Control      and Procedures                                            |

|  Item      1  | Legal      Proceedings                                           |
|--------------------|------------------------------------------------------------------|
|  Item      1A | Risk      Factors                                                |
|  Item      2. | Unregistered      Sales of Equity Securities and Use of Proceeds |
|  Item      3. | Defaults      Upon Senior Securities                             |
|  Item      4. | Submission      of Matters to a Vote of Security Holders         |
|  Item      5. | Other      Information                                           |
|  Item      6. | Exhibits      and Reports on Form 8-K                            |

----

| Aspire      Japan, Inc.                                                                                                           |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|
| (a      development stage company)                                                                                                |   |
| BALANCE      SHEETS                                                                                                               |   |
|                                                                                                                              |   |   |   |
|                                                                                                                              |   | April      30, |   |   | January      31, |   |
|                                                                                                                              |   | 2008 |   |   | 2008 |   |
|                                                                                                                              |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                                            |   |
|                                                                                                                              |   |   |   |   |   |   |
| CURRENT      ASSETS                                                                                                               |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |
|     Cash                                                                                                      |   | $ | 37,605 |   |   | $ | 27,884 |   |
|     Prepaid      expenses                                                                                     |   |   | 5,818 |   |   |   | 2,726 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      CURRENT ASSETS                                                         |   |   | 43,423 |   |   |   | 30,610 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| PROPERTY AND      EQUIPMENT, NET                                                                                                  |   |   | 3,586 |   |   |   | 3,986 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| OTHER      ASSETS                                                                                                                 |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|     Deposits                                                                                                  |   |   | 8,137 |   |   |   | 8,137 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      ASSETS                                                                 |   | $ | 55,146 |   |   | $ | 42,733 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| LIABILITIES AND      STOCKHOLDERS' DEFICIT                                                                                        |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                                                                                          |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|     Accounts      payable and accrued expenses                                                                |   | $ | 22,002 |   |   | $ | 18,186 |   |
|     Accrued      interest                                                                                     |   |   | 23,430 |   |   |   | 40,921 |   |
|     Accrued      severance                                                                                    |   |   | 759,619 |   |   |   | 446,730 |   |
|     Note      payable                                                                                         |   |   | 218,495 |   |   |   | 694,161 |   |
|     Loan      payable -related party                                                                          |   |   | 128,187 |   |   |   | 71,587 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      CURRENT LIABILITIES                                                    |   |   | 1,151,733 |   |   |   | 1,271,585 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      DEFICIT                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|     Preferred Stock      - Par value $.001;                                                                   |   |   |   |   |   |   |   |   |
|         Authorized:      50,000,000                                                       |   |   |   |   |   |   |   |   |
|         Issued      and Outstanding: none                                                 |   |   | - |   |   |   | - |   |
|     Common      Stock - Par value $0.001;                                                                     |   |   |   |   |   |   |   |   |
|         Authorized:      100,000,000                                                      |   |   |   |   |   |   |   |   |
|         Issued      and Outstanding:7,854,150 and  7,660,000,      respectively |   |   | 7,854 |   |   |   | 7,660 |   |
|     Additional      Paid-In Capital                                                                           |   |   | 1,521,896 |   |   |   | 917,140 |   |
|     Other      Comprehensive Income (Loss)                                                                    |   |   | (5,078 | ) |   |   | (5,139 | ) |
|     Accumulated      Deficit during development stage                                                         |   |   | (2,621,259 | ) |   |   | (2,148,513 | ) |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         Total      Stockholders' Deficit                                                  |   |   | (1,096,587 | ) |   |   | (1,228,852 | ) |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      LIABILITIES AND DEFICIT                                                |   | $ | 55,146 |   |   | $ | 42,733 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |

----

| Aspire      Japan, Inc.                                |   |
|--------------------------------------------------------|--------|
| (a      development stage company)                     |   |
| STATEMENT      OF OPERATIONS AND COMPREHENSIVE LOSS    |   |
| (Unaudited)                                            |   |
|                                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   | For      the period |   |
|                                                   |   |  For the Three Months Ended |   |   | February      2, 2005 |   |
|                                                   |   | April      30, |   |   | (inception)      to |   |
|                                                   |   | 2008 |   |   | 2007 |   |   | April      30, 2008 |   |
|                                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |
| Revenue                                                |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      Expenses                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Professional      Fees                                 |   |   | 26,517 |   |   |   | 10,239 |   |   |   | 290,654 |   |
| Marketing      Expenses                                |   |   | - |   |   |   | 60,000 |   |   |   | 156,562 |   |
| Consulting      Fees                                   |   |   | 15,000 |   |   |   | 59,676 |   |   |   | 166,510 |   |
| Compensation      Expense                              |   |   | 22,500 |   |   |   | 3,000 |   |   |   | 303,531 |   |
| Severance      Expense                                 |   |   | 322,889 |   |   |   | - |   |   |   | 789,619 |   |
| Rent                                                   |   |   | 21,991 |   |   |   |   |   |   |   | 21,991 |   |
| General      and administrative                        |   |   | 41,466 |   |   |   | 745 |   |   |   | 829,876 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Operating Expenses                          |   |   | 450,363 |   |   |   | 133,660 |   |   |   | 2,558,743 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss      from Operations                              |   |   | (450,363 | ) |   |   | (133,660 | ) |   |   | (2,558,743 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      Income                                   |   |   | 4 |   |   |   | 1,604 |   |   |   | 2,622 |   |
| Foreign      Currency Transaction                      |   |   | - |   |   |   | -  |   |   |   | (1,830 | ) |
| Interest      Expense                                  |   |   | (22,387 | ) |   |   | -  |   |   |   | (63,308 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Other Income/Expense                        |   |   | (22,383 | ) |   |   | 1,604 |   |   |   | (62,516 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for Income Taxes                        |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss                                          |   |   | (472,746 | ) |   |   | (132,056 | ) |   |   | (2,621,259 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Comprehensive Income                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign      Currency Translation Income      (Loss)   |   |   | 61 |   |   |   | 1,198 |   |   |   | (5,078) |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive      Loss                                |   | $ | (472,685 | ) |   | $ | (130,858 | ) |   | $ | (2,626,337 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss Per Share  - Basic and Diluted |   | $ | (0.06 | ) |   | $ | (0.02 | ) |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of shares outstanding     |   |   | 7,752,761 |   |   |   | 7,151,011 |   |   |   |   |   |
|   during      the period - basic and diluted |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Aspire      Japan, Inc.                                       |   |
|---------------------------------------------------------------|--------|
| (a      development stage company)                            |   |
| STATEMENT      OF STOCKHOLDERS' DEFICIT                       |   |
| From      inception (February 2, 2005) through April 30, 2008 |   |
| (Unaudited)                                                   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | Accumulated |   |   | Other |   |   |   |   |
|                                                          |   | Preferred      Stock |   |   | Common      Stock |   |   | Paid      In |   |   | Deficit      During |   |   | Comprehensive |   |   | Total |   |
|                                                          |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | Capital |   |   | Development      Stage |   |   | Income      (Loss) |   |   | Equity |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued in exchange                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of      incorporation expenses                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February      2, 2005                                         |   |   | - |   |   | $ | - |   |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss for the period                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February      2, 2005 (inception)                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| to      January 31, 2006                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,225 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      January 31, 2006                                |   |   | - |   |   |   | - |   |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,125 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September      15, 2006 at $0.001                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   | - |   |   |   | 6,700,000 |   |   |   | 6,700 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,700 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| November      6, 2006 at $1.00                                |   |   | - |   |   |   | - |   |   |   | 275,000 |   |   |   | 275 |   |   |   | 274,725 |   |   |   | - |   |   |   | - |   |   |   | 275,000 |   |
| per      share from private placement                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In      Kind contribution                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (37,393 | ) |   |   | - |   |   |   | (37,393 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      January 31, 2007                                |   |   | - |   |   |   | - |   |   |   | 7,075,000 |   |   |   | 7,075 |   |   |   | 281,725 |   |   |   | (39,618 | ) |   |   | - |   |   |   | 249,182 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      16, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 20,000 |   |   |   | 20 |   |   |   | 19,980 |   |   |   | - |   |   |   | - |   |   |   | 20,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      18, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 10,000 |   |   |   | 10 |   |   |   | 9,990 |   |   |   | - |   |   |   | - |   |   |   | 10,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      19, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 15,000 |   |   |   | 15 |   |   |   | 14,985 |   |   |   | - |   |   |   | - |   |   |   | 15,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      20, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 30,000 |   |   |   | 30 |   |   |   | 29,970 |   |   |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      25, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 260,000 |   |   |   | 260 |   |   |   | 259,740 |   |   |   | - |   |   |   | - |   |   |   | 260,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for cash on                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      26, 2007 at $1.00                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per      share from private placement                         |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   | - |   |   |   | - |   |   |   | 100,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued for services in                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      2007 at $1.00                                      |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   |   |   |   |   | - |   |   |   | 100,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      Issued in exchange                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for      legal expenses                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June      30, 2007 at $1.00                                   |   |   | - |   |   |   |   |   |   |   | 50,000 |   |   |   | 50 |   |   |   | 49,950 |   |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In      Kind contribution                                     |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss for the year                                    |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,108,895 | ) |   |   | - |   |   |   | (2,108,895 | ) |
| ended      January 31, 2008                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Comprehensive Loss                                 |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,139 | ) |   |   | (5,139 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Comprehensive Loss                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,114,034 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      January 31, 2008                                |   |   | - |   |   |   | - |   |   |   | 7,660,000 |   |   |   | 7,660 |   |   |   | 917,140 |   |   |   | (2,148,513 | ) |   |   | (5,139 | ) |   |   | (1,228,852 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In      Kind contribution                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 22,500 |   |   |   | - |   |   |   | - |   |   |   | 22,500 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Converison      on notes payable                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  and      accrued interest to                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  common      stock at $3.00 per share                    |   |   | - |   |   |   | - |   |   |   | 194,150 |   |   |   | 194 |   |   |   | 582,256 |   |   |   | - |   |   |   | - |   |   |   | 582,450 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the three months ended                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April      30, 2008                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (472,746 | ) |   |   |   |   |   |   | (472,746 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Comprehensive Income                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 61 |   |   |   | 61 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Comprehensive Loss                                 |   |   |  - |   |   |   |  - |   |   |   |  - |   |   |   |  - |   |   |   |  - |   |   |   | - |   |   |   |  - |   |   |   | (472,685 | )  |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      April 30, 2008                                   |   |   | - |   |   |   | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,521,896 |   |   | $ | (2,621,259 | ) |   | $ | (5,078 | ) |   | $ | (1,096,587 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Aspire      Japan, Inc.                                                          |                                                                                                                                |
|----------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| (a      development stage company)                                               |                                                                                                                                |
| STATEMENTS      OF CASH FLOWS                                                    |                                                                                                                                |
| (Unaudited)                                                                      |                                                                                                                                |
|                                                                             |                                                                                                                                |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   | For      the period |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   | February      2, 2005 |   |
|                                                                             |                                                                                                                                |   | For      the Three Months Ended April 30, |   |   | (inception)      to |   |
|                                                                             |                                                                                                                                |   | 2008 |   |   |   | 2007 |   |   | April      30, 2008 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Operating Activities:                                       |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Net      Loss                                                                    |                                                                                                                                | $ | (472,746 | )  |   | $ | (132,056 | )  | $  |  (2,621,259 | )  |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Adjustments      to reconcile net loss to net cash used in operations            |                                                                                                                                |   |   |   |   |   |   |   |   |   |
|     In-kind      contribution                                |                                                                                                                                |   |                    22,500 |   |   |   |                    3,000 |   |   |                 80,500 |   |
|     Stock      issued for incorporation expense              |                                                                                                                                |   |                           - |   |   |   |                  16,667 |   |   |                     100 |   |
|     Stock      issued for services                           |                                                                                                                                |   |                           - |   |   |   |   |   |   |               150,000 |   |
|     Depreciation                                             |                                                                                                                                |   |                         400 |   |   |   |   |   |   |                   1,231 |   |
|   Changes      in operating assets and liabilities:                    |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|    (Increase)/Decrease      in Deposits                           |                                                                                                                                |   |   |   |   |   |                         - |   |   |                  (8,137 | )  |
|    (Increase)/Decrease      in Prepaid Expenses                   |                                                                                                                                |   |                     (3,092 | )  |   |   |                   (9,601 | )  |   |                  (5,818) |   |
| Increase/      (Decrease) in Accounts Payable and Accrued    Expenses  |                      3,816 |   |   |   |                    1,530 |   |   |                 22,002 |   |
|    Increase/      (Decrease) in  Accrued Interest       |                                                                                                                                |   |                    22,386 |   |   |   |                           - |   |   |                 63,307 |   |
|    Increase      in  Accrued Severance                  |                                                                                                                                |   |                   312,889 |   |   |   |                           - |   |   |               759,619 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Used In Operating Activities                                       |                                                                                                                                |   | (113,847 | )  |   |   |               (120,460 | )  |   | (1,558,455 | )  |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Investing Activities:                                       |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
|    Cash      paid for Property, Plant, &  Equipment |                                                                                                                                |   |                             - |   |   |   |                           - |   |   |                  (4,817 | )  |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Used In Investing Activities                                       |                                                                                                                                |   |                             - |   |   |   |                           - |   |   |                  (4,817 | )  |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Financing Activities:                                       |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Proceeds      from Note Payable                                                  |                                                                                                                                |   |                    66,907 |   |   |   |                           - |   |   |               761,068 |   |
| Repayment      of Note Payable - related party                                   |                                                                                                                                |   |                   (29,000 | ) |   |   |                 (54,235 | )  |   |              (268,530 | )  |
| Proceeds      from Note Payable - related party                                  |                                                                                                                                |   |                    85,600 |   |   |   |                           - |   |   |               396,717 |   |
| Proceeds      from Common Stock issuance                                         |                                                                                                                                |   |                           - |   |   |   |                435,000 |   |   |               716,700 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Provided by Financing Activities                                   |                                                                                                                                |   |                   123,507 |   |   |   |                380,765 |   |   |            1,605,955 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Net      In(de)crease in Cash                                                    |                                                                                                                                |   |                      9,660 |   |   |   |                260,305 |   |   |                 42,683 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Effect      of Exchange Rate on Cash                                             |                                                                                                                                |   |                           61 |   |   |   |                    1,198 |   |   |                  (5,078 | )  |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      at Beginning of Period                                                 |                                                                                                                                |   |                    27,884 |   |   |   |                327,500 |   |   |                          - |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      at End of Period                                                       |                                                                                                                                | $ | 37,605 |   |   | $ | 589,003 |   | $  |  37,605 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow      information:                           |                                                                                                                                |   |   |   |   |   |   |   |   |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      paid for interest                                                      |                                                                                                                                | $ | 516 |   |   | $ | - |   | $  |  516 |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Cash      paid for taxes                                                         |                                                                                                                                | $ | - |   |   | $ | - |   | $  |  - |   |
|                                                                             |                                                                                                                                |   |   |   |   |   |   |   |   |   |   |

----

----

----

|                                                                                                       |   | April      30, 2008(unaudited) |   |   | January      31, 2008 |   |
|------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|-----------------------|--------|
|             Computer                           |   | $                              | 4,817  |   |                  | $      | 4,817 |   |
|             Less      accumulated depreciation |   |                           | (1,231 | )      |                  |   | (831 | ) |
|                                                                                                       |   |                           |   |   |                  |   |   |   |
|                                                                                                       |   | $                              | 3,586  |   |                  | $      | 3,986 |   |

----

----

----

| Marketing Materials  |   | $ | 50,000    |   |
|---------------------------|--------|---|-----------|--------|
| Website      development  |   | $ | 75,000    |   |
| Merchant      Development |   | $ | 75,000    |   |
| Legal/Accounting          |   | $ | 75,000    |   |
| General/Administrative    |   | $ | 1,200,000 |   |
| Total                |   | $ | 1,475,000 |   |

----

----

----

----

|                           | ASPIRE      JAPAN, INC. |
|--------------------------------|-------------------------|
|                           |                    |
| Date:      June 16, 2008  | By:           | /s/      Ken      Osako  |
|                           |                    | Ken      Osako |
|                           |                    | President,      Chief Executive Officer,Chief      Financial Officer  |