----

----

| 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                                            |   |

|  Item1      | Legal      Proceedings                                           |   |
|------------------|------------------------------------------------------------------|--------|
|  Item    1A | RiskFactors                                                      |   |
|  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)                                                                                                |   |
| CONDENSED      BALANCE SHEETS                                                                                                     |   |
|                                                                                                                              |   |
|                                                                                                                              |   | October      31, |   |   | January      31, |   |
|                                                                                                                              |   | 2008 |   |   | 2008 |   |
|                                                                                                                              |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                                            |   |
|                                                                                                                              |   |   |   |   |   |   |
| CURRENT      ASSETS                                                                                                               |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |
|     Cash                                                                                                      |   | $ | 81 |   |   | $ | 27,884 |   |
|     Prepaid      expenses                                                                                     |   |   | - |   |   |   | 2,726 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      CURRENT ASSETS                                                         |   |   | 81 |   |   |   | 30,610 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| PROPERTY AND      EQUIPMENT, NET                                                                                                  |   |   | 2,787 |   |   |   | 3,986 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| OTHER      ASSETS                                                                                                                 |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|     Deposits                                                                                                  |   |   | - |   |   |   | 8,137 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      ASSETS                                                                 |   | $ | 2,868 |   |   | $ | 42,733 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| LIABILITIES AND      STOCKHOLDERS' DEFICIT                                                                                        |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                                                                                          |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|     Cash      overdraft                                                                                       |   | $ | 197 |   |   | $ | - |   |
|     Accounts      payable and accrued expenses                                                                |   |   | 6,155,971 |   |   |   | 18,186 |   |
|     Accrued      interest                                                                                     |   |   | 41,077 |   |   |   | 39,311 |   |
|     Accrued      interest - related party                                                                     |   |   | 7,836 |   |   |   | 1,610 |   |
|     Accrued      severance                                                                                    |   |   | 759,619 |   |   |   | 446,730 |   |
|     Advances                                                                                                  |   |   | 84,949 |   |   |   | - |   |
|     Note      payable                                                                                         |   |   | 237,538 |   |   |   | 694,161 |   |
|     Loan      payable -related party                                                                          |   |   | 36,157 |   |   |   | 71,587 |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      CURRENT LIABILITIES                                                    |   |   | 7,323,344 |   |   |   | 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                                                                           |   |   | 1,566,896 |   |   |   | 917,140 |   |
|     Other      Comprehensive Income (Loss)                                                                    |   |   | (660,277 | ) |   |   | (5,139 | ) |
|     Accumulated      Deficit during development stage                                                         |   |   | (8,234,949 | ) |   |   | (2,148,513 | ) |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         Total      Stockholders' Deficit                                                  |   |   | (7,320,476 | ) |   |   | (1,228,852 | ) |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|         TOTAL      LIABILITIES AND DEFICIT                                                |   | $ | 2,868 |   |   | $ | 42,733 |   |

----

| Aspire      Japan, Inc.                                       |   |
|---------------------------------------------------------------|--------|
| (a      development stage company)                            |   |
| CONDENSED      STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS |   |
| (Unaudited)                                                   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | For      the period |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | February      2, |   |
|                                                          |   | For      the Three Months Ended      October 31, |   |   | For      the Nine Months Ended      October 31, |   |   | 2005(inception)      to |   |
|                                                          |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |   | October      31, 2008 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                       |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      Expenses                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Professional      Fees                                        |   |   | 12,884 |   |   |   | 52,696 |   |   |   | 61,391 |   |   |   | 195,947 |   |   |   | 327,753 |   |
| Marketing      Expenses                                       |   |   | - |   |   |   | 11,904 |   |   |   | - |   |   |   | 130,492 |   |   |   | 156,562 |   |
| License      Fee                                              |   |   |  5,455,200 |   |   |   |  - |   |   |   |  5,455,200 |   |   |   |  - |   |   |   |  5,455,200 |   |
| Consulting      Fees                                          |   |   | 15,000 |   |   |   | 48,332 |   |   |   | 45,000 |   |   |   | 135,000 |   |   |   | 196,510 |   |
| Compensation      Expense                                     |   |   | 22,500 |   |   |   | 226,795 |   |   |   | 67,500 |   |   |   | 400,814 |   |   |   | 348,531 |   |
| Severance      Expense                                        |   |   | - |   |   |   | - |   |   |   | 322,889 |   |   |   | - |   |   |   | 789,619 |   |
| General      and administrative                               |   |   | 6,882 |   |   |   | 111,974 |   |   |   | 84,677 |   |   |   | 419,520 |   |   |   | 870,862 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Operating Expenses                                 |   |   | 5,512,466 |   |   |   | 451,701 |   |   |   | 6,036,657 |   |   |   | 1,281,773 |   |   |   | 8,145,037 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss      from Operations                                     |   |   | (5,512,466 | ) |   |   | (451,701 | ) |   |   | (6,036,657 | ) |   |   | (1,281,773 | ) |   |   | (8,145,037 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      Income                                          |   |   |   |   |   |   | 199 |   |   |   | 12 |   |   |   | 2,540 |   |   |   | 2,630 |   |
| Foreign      Currency Transaction Income (Loss)               |   |   | (912 | ) |   |   | - |   |   |   | (839 | ) |   |   | (8,450 | ) |   |   | (2,669 | ) |
| Interest      Expense                                         |   |   | (11,809 | ) |   |   | (15,339 | ) |   |   | (48,952 | ) |   |   | (17,339 | ) |   |   | (89,873 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Other Income/Expense                               |   |   | (12,721 | ) |   |   | (15,140 | ) |   |   | (49,779 | ) |   |   | (23,249 | ) |   |   | (89,912 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for Income Taxes                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss                                                 |   |   | (5,525,187 | ) |   |   | (466,841 | ) |   |   | (6,086,436 | ) |   |   | (1,305,022 | ) |   |   | (8,234,949 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Comprehensive Income                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign      Currency Translation Loss                        |   |   | (655,199 | )  |   |   | - |   |   |   | (655,138 | )  |   |   | 1,301 |   |   |   | (660,277 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive      Loss                                       |   | $ | (6,180,386 | ) |   | $ | (466,841 | ) |   | $ | (6,741,574 | ) |   | $ | (1,303,721 | ) |   | $ | (8,895,226 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss Per Share  - basic and diluted        |   | $ | (0.70 | ) |   | $ | (0.06 | ) |   | $ | (0.78 | ) |   | $ | (0.17 | ) |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of shares outstanding            |   |   | 7,854,150 |   |   |   | 7,660,000 |   |   |   | 7,820,847 |   |   |   | 7,489,173 |   |   |   |   |   |
|   during      the period - basic and diluted        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Aspire      Japan, Inc.                                         |   |
|-----------------------------------------------------------------|--------|
| (a      development stage company)                              |   |
| CONDENSED      STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)      |   |
| From      inception (February 2, 2005) through October 31, 2008 |   |
| (Unaudited)                                                     |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |        AccumulatedDeficit |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | During |   |   | Other |   |   |   |   |
|                                                            |   | Preferred      Stock |   |   | Common      Stock |   |   | Paid      In |   |   | Development |   |   | Comprehensive |   |   | Total |   |
|                                                            |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | Capital |   |   |  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 Income                                 |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (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                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 67,500 |   |   |   | - |   |   |   | - |   |   |   | 67,500 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 nine months ended                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   October      31, 2008                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (6,086,436 | ) |   |   |   |   |   |   | (6,086,436 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Comprehensive Income                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (655,138 | )  |   |   | (655,138 | )  |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Comprehensive Loss                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (6,741,574 | ) |
| Balance      October 31, 2008                                   |   |   | - |   |   | $ | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,566,896 |   |   | $ | (8,234,949 | ) |   | $ | (660,277 | ) |   | $ | (7,320,476 | ) |

----

| Aspire      Japan, Inc. (f/k/a Dream Media, Inc.) |
|---------------------------------------------------|
| (a      development stage company)                |
| CONDENSED      STATEMENTS OF CASH FLOWS           |
| (Unaudited)                                       |

|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
|----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                             |                                                                                                                        |                                                                                                                                |        For      the Nine Months Ended      October 31,                                                                                                               |   |                                                                                                         |                                                                                                                                                          | For      the periodFebruary      2, 2005(inception)      toOctober      31,                                                                                   |   |
|                                                                             |                                                                                                                        |                                                                                                                                | 2008                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          | 2007                                                                                                                                                          |   |                                                                                          |                                                                                                              | 2008                                                                                                                                                    |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      Flows From Operating Activities:                                       |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Net      Loss                                                                    |                                                                                                                        | $                                                                                                                                   | (6,086,436)                                                                                                                                                               |   |                                                                                                         | $                                                                                                                                                             | (1,305,022)                                                                                                                                                   |   |                                                                                          | $                                                                                                                 | (8,234,949)                                                                                                                                             |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Adjustments      to reconcile net loss to net cash used in operations            |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |
|     In-kind      contribution                                |                                                                                                                        |                                                                                                                                |                    67,500                                                  |   |                                                                                                         |                                                                                                                                                          |                  28,500                                                  |   |                                                                                          |                                                                                                              |               125,500                                                             |   |
|     Stock      issued for incorporation expense              |                                                                                                                        |                                                                                                                                |                           -             |   |                                                                                                         |                                                                                                                                                          |                         -             |   |                                                                                          |                                                                                                              |                     100                             |   |
|     Stock      issued for services                           |                                                                                                                        |                                                                                                                                |                           -             |   |                                                                                                         |                                                                                                                                                          |                150,000                                                             |   |                                                                                          |                                                                                                              |               150,000                                                             |   |
|     Depreciation                                             |                                                                                                                        |                                                                                                                                |                      1,199                                       |   |                                                                                                         |                                                                                                                                                          |                      411                             |   |                                                                                          |                                                                                                              |                   2,030                                       |   |
|   Changes      in operating assets and liabilities:                    |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
|    (Increase)/Decrease      in Deposits                           |                                                                                                                        |                                                                                                                                |                      8,137                                       |   |                                                                                                         |                                                                                                                                                          |                 (11,935)                                                      |   |                                                                                          |                                                                                                              |                        -             |   |
|    (Increase)/Decrease      in Prepaid Expenses                   |                                                                                                                        |                                                                                                                                |                      2,726                                       |   |                                                                                                         |                                                                                                                                                          |                  23,677                                                  |   |                                                                                          |                                                                                                              |                          - |   |
| Increase/      (Decrease) in Accounts Payable and Accrued    Expenses  |                    6,137,785 |                                                                                                                                |                                                                                                                                                                      |   |                  58,517 |                                                                                                                                                          |                                                                                                                                                          |   |               6,155,971 |                                                                                                              |
|    Increase/      (Decrease) in  Accrued Interest       |                                                                                                                        |                                                                                                                                |                    41,643                                                  |   |                                                                                                         |                                                                                                                                                          |                           - |   |                                                                                          |                                                                                                              |                 80,954                                                  |   |
| Increase/(Decrease)      in Accrued Interest - Related party                     |                                                                                                                        |                      6,226 |                                                                                                                                                                      |   |                                                                                                         |                           - |                                                                                                                                                          |   |                                                                                          |                   7,836 |                                                                                                                                                    |
|    Increase      in advances                                      |                                                                                                                        |                                                                                                                                |                    84,949                                                  |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                 84,949                                                  |   |
|    Increase      in  Accrued Severance                  |                                                                                                                        |                                                                                                                                |                   312,889                                                       |   |                                                                                                         |                                                                                                                                                          |                           - |   |                                                                                          |                                                                                                              |               759,619                                                             |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Net      Cash Provided by (Used In) Operating Activities                         |                                                                                                                        |                                                                                                                                | 576,618                                                                                                                                                                   |   |                                                                                                         |                                                                                                                                                          |            (1,055,852)                                                                                 |   |                                                                                          |                                                                                                              | (867,990)                                                                                                                                               |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      Flows From Investing Activities:                                       |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
|    Cash      paid for Property, Plant, &  Equipment |                                                                                                                        |                                                                                                                                |                             - |   |                                                                                                         |                                                                                                                                                          |                   (4,796)                                           |   |                                                                                          |                                                                                                              |                  (4,817)                                           |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Net      Cash Used In Investing Activities                                       |                                                                                                                        |                                                                                                                                |                             - |   |                                                                                                         |                                                                                                                                                          |                   (4,796)                                           |   |                                                                                          |                                                                                                              |                  (4,817)                                           |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      Flows From Financing Activities:                                       |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      overdraft                                                              |                                                                                                                        |                                                                                                                                | 197                                                                                                                                                                       |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                     197                             |   |
| Proceeds      from Note Payable                                                  |                                                                                                                        |                                                                                                                                |                    85,950                                                  |   |                                                                                                         |                                                                                                                                                          |                378,363                                                             |   |                                                                                          |                                                                                                              |               780,111                                                             |   |
| Repayment      of Note Payable - related party                                   |                                                                                                                        |                                                                                                                                |                  (265,474)                                                           |   |                                                                                                         |                                                                                                                                                          |               (139,029)                                                                 |   |                                                                                          |                                                                                                              |              (503,004)                                                                 |   |
| Proceeds      from Note Payable - related party                                  |                                                                                                                        |                                                                                                                                |                   230,044                                                       |   |                                                                                                         |                                                                                                                                                          |                  91,048                                                  |   |                                                                                          |                                                                                                              |               539,161                                                             |   |
| Proceeds      from Common Stock issuance                                         |                                                                                                                        |                                                                                                                                |                           -             |   |                                                                                                         |                                                                                                                                                          |                435,000                                                             |   |                                                                                          |                                                                                                              |               716,700                                                             |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Net      Cash Provided by Financing Activities                                   |                                                                                                                        |                                                                                                                                |                    50,717                                                  |   |                                                                                                         |                                                                                                                                                          |                765,382                                                             |   |                                                                                          |                                                                                                              |            1,533,165                                                                             |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Net      In(de)crease in Cash                                                    |                                                                                                                        |                                                                                                                                |                   627,335                                                       |   |                                                                                                         |                                                                                                                                                          |               (295,266)                                                                 |   |                                                                                          |                                                                                                              |                   660,358                                     |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Effect      of Exchange Rate on Cash                                             |                                                                                                                        |                                                                                                                                |                           (655,138)     |   |                                                                                                         |                                                                                                                                                          |                    1,301                                       |   |                                                                                          |                                                                                                              |                  (660,277)                                         |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      at Beginning of Period                                                 |                                                                                                                        |                                                                                                                                |                    27,884                                                  |   |                                                                                                         |                                                                                                                                                          |                327,500                                                             |   |                                                                                          |                                                                                                              |                          - |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      at End of Period                                                       |                                                                                                                        | $                                                                                                                                   | 81                                                                                                                                                                        |   |                                                                                                         | $                                                                                                                                                             | 33,535                                                                                                                                                        |   |                                                                                          | $                                                                                                                 | 81                                                                                                                                                      |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Supplemental disclosure of cash flow      information:                           |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      paid for interest                                                      |                                                                                                                        | $                                                                                                                                   | 516                                                                                                                                                                       |   |                                                                                                         | $                                                                                                                                                             | -                                                                                                                                                             |   |                                                                                          | $                                                                                                                 | 516                                                                                                                                                     |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |
| Cash      paid for taxes                                                         |                                                                                                                        | $                                                                                                                                   | -                                                                                                                                                                         |   |                                                                                                         | $                                                                                                                                                             | -                                                                                                                                                             |   |                                                                                          | $                                                                                                                 | -                                                                                                                                                       |   |
|                                                                             |                                                                                                                        |                                                                                                                                |                                                                                                                                                                      |   |                                                                                                         |                                                                                                                                                          |                                                                                                                                                          |   |                                                                                          |                                                                                                              |                                                                                                                                                    |   |

----

----

----

|                                                                                                       |   | October      31, 2008 |              |   | January 31,      2008 |   |
|------------------------------------------------------------------------------------------------------------|--------|----------------------------|-------------------|--------|-----------------------|--------|
|                                                                                                       |   |                       | (unaudited)  |   |                  |   |   |   |
|             Computer                           |   | $                          | 4,817             |   |                  | $      | 4,817 |   |
|             Less      accumulated depreciation |   |                       | (2,030            | )      |                  |   | (831 | ) |
|                                                                                                       |   |                       |              |   |                  |   |   |   |
|                                                                                                       |   | $                          | 2,787             |   |                  | $      | 3,986 |   |
|                                                                                                       |   |                       |              |   |                  |   |   |   |

----

| 1.   | August 29, 2008, 50 Million      Japanese Yen (Approximately $454,545) |
|----------------|------------------------------------------------------------------------|
|           |                                                                   |

| 2.   | September 12, 2008, 50 Million      Japanese Yen (Approximately $454,545) |
|----------------|---------------------------------------------------------------------------|
|           |                                                                      |

| 3.   | September 30, 2008, 200 Million      Japanese Yen (Approximately $1,818,182) |
|----------------|------------------------------------------------------------------------------|
|           |                                                                         |

| 4.   | October 31, 2008, 300 Million      Japanese Yen (Approximately$2,727,273) |
|----------------|---------------------------------------------------------------------------|

| 1.   | August 29, 2008, 200 Million      Japanese Yen (Approximately $1,818,182) |
|----------------|---------------------------------------------------------------------------|
|           |                                                                      |

| 2.   | September 30, 2008, 400 Million      Japanese Yen (Approximately $3,636,354) |
|----------------|------------------------------------------------------------------------------|
|           |                                                                         |

| 3.   | October 31, 2008, 1 Billion      Japanese Yen (Approximately$9,090,909) |
|----------------|-------------------------------------------------------------------------|

----

----

----

| 1.   | August      29, 2008, 50 Million Japanese Yen (Approximately  $454,545)         |
|----------------|---------------------------------------------------------------------------------|
|           |                                                                            |
| 2.   | September      12, 2008, 50 Million Japanese Yen (Approximately  $454,545)      |
|           |                                                                            |
| 3.   | September      30, 2008, 200 Million Japanese Yen (Approximately    $1,818,182) |
|           |                                                                            |
| 4.   | October      31, 2008, 300 Million Japanese Yen (Approximately    $2,727,273)   |

| 1.   | August      29, 2008, 200 Million Japanese Yen (Approximately    $1,818,182)    |
|----------------|---------------------------------------------------------------------------------|
|           |                                                                            |
| 2.   | September      30, 2008, 400 Million Japanese Yen (Approximately    $3,636,354) |
|           |                                                                            |
| 3.   | October      31, 2008, 1 Billion Japanese Yen (Approximately  $9,090,909)       |

----

| Marketing Materials  |   | $      | 50,000  |   |
|---------------------------|--------|--------|---------|--------|
| Website      development  |   | $      | 75,000  |   |
| Merchant      Development |   | $      | 75,000  |   |
| Legal/Accounting          |   | $      | 75,000  |   |
| General/Administrative    |   | $      | 100,000 |   |
| Total                |   | $      | 375,000 |   |
|                      |   |   |    |   |

----

| 1.   | August 29, 2008, 50 Million      Japanese Yen (Approximately $454,545) |
|----------------|------------------------------------------------------------------------|
|           |                                                                   |

| 2.   | September 12, 2008, 50 Million      Japanese Yen (Approximately $454,545) |
|----------------|---------------------------------------------------------------------------|
|           |                                                                      |

| 3.   | September 30, 2008, 200 Million      Japanese Yen (Approximately $1,818,182) |
|----------------|------------------------------------------------------------------------------|
|           |                                                                         |

| 4.   | October 31, 2008, 300 Million      Japanese Yen (Approximately$2,727,273) |
|----------------|---------------------------------------------------------------------------|

----

| 1.   | August 29, 2008, 200      Million Japanese Yen      (Approximately $1,818,182) |
|----------------|--------------------------------------------------------------------------------|
|           |                                                                           |

| 2.   | September 30, 2008, 400 Million      Japanese Yen (Approximately $3,636,354) |
|----------------|------------------------------------------------------------------------------|
|           |                                                                         |

| 3.   | October 31, 2008, 1 Billion      Japanese Yen (Approximately$9,090,909) |
|----------------|-------------------------------------------------------------------------|

----

----

----

|                               | ASPIRE JAPAN,      INC. |
|------------------------------------|-------------------------|
|                               |                    |
| Date: December 22,      2008  | By:           | /s/ Ken      Osako  |
|                               |                    | KenOsako |
|                               |                    | President, Chief Executive      Officer,Chief Financial      Officer  |