|  Colorado                                                       |  20-8097439                  |
|---------------------------------------------------------------------------|-----------------------------------|
|  (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

----

| PART I – Financial Information                                                         | Page         |
|----------------------------------------------------------------------------------------------|--------------|
|                                                                                         |         |
| Item 1.  Financial Statements                                                      |  2      |
|                                                                                         |         |
| Condensed consolidated financial statements (unaudited):                                     |         |
|                                                                                         |         |
|     Balance sheets                                                  |  2      |
|                                                                                         |         |
|     Statements of operations and comprehensive loss                 |  3      |
|                                                                                         |         |
|     Statement of stockholders’ equity and comprehensive loss  |  4      |
|                                                                                         |         |
|     Statements of cash flows                                        |  5      |
|                                                                                         |         |
|     Notes to unaudited financial statements                         |  6 - 19 |
|                                                                                         |         |
| Item 2. Management’s Discussion and Analysis                                           |  20     |
|                                                                                         |         |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                |  26     |
|                                                                                         |         |
| Item 4T. Controls and Procedures                                                        |  26     |
|                                                                                         |         |
| PART II – Other Information                                                            |  27     |
|                                                                                         |         |
| Item 1. Legal Proceedings                                                                    |  27     |
|                                                                                         |         |
| Item 1A. Risk Factors                                                                   |  27     |
|                                                                                         |         |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                     |  27     |
|                                                                                         |         |
| Item 3.  Defaults Upon Senior Securities                            |  27     |
|                                                                                         |         |
| Item 4.  Reserved                                                             |  27     |
|                                                                                         |         |
| Item 5.  Other Information                                               |  27     |
|                                                                                         |         |
| Item 6. Exhibits                                                                        |  27     |

----

|                                                                                           |   |         |       |   |              |   |
|------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|-------------------|--------|
|                                                                                           |   |         |       |   |              |   |
|                                                                                           |   | June 30,2010 |       |   | December 31, 2009 |   |
|                                                                                           |   | (unaudited)  |       |   |              |   |
| Current assets:                                                                                |   |         |       |   |              |   |
|       Cash and cash equivalents                                       |   | $            | 324,574    |   |              | $      | 564,883 |   |
|       Accounts receivable                                             |   |         | 108,603    |   |              |   | 143,570 |   |
|       Accounts receivable, related party                              |   |         | 37,500     |   |              |   | - |   |
|       Prepaid expenses and other                                      |   |         | 37,060     |   |              |   | 99,244 |   |
|       Assets held for sale                                            |   |         | -          |   |              |   | 14,336 |   |
|       Investment in marketable securities                             |   |         | 764,112    |   |              |   | - |   |
|       Subscription receivable                                         |   |         | 30,000     |   |              |   | 10,000 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|          Total current assets                     |   |         | 1,301,849  |   |              |   | 832,033 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
| Property and equipment, net                                                                    |   |         | 227,623    |   |              |   | 215,894 |   |
| Intangible assets, net                                                                         |   |         | -          |   |              |   | 12,500 |   |
| Cost investments                                                                               |   |         | 215,000    |   |              |   | - |   |
| Investment in debt securities                                                                  |   |         | 56,517     |   |              |   | - |   |
| Investment in derivative warrants                                                              |   |         | 23,814     |   |              |   | - |   |
| Deposits and other assets                                                                      |   |         | 6,314      |   |              |   | - |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|                                                                                           |   |         | 529,268    |   |              |   | 228,394 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|                                                                                           |   | $            | 1,831,117  |   |              | $      | 1,060,427 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                           |   |         |       |   |              |   |   |   |
|                                                                                           |   |         |       |   |              |   |   |   |
| Current liabilities:                                                                           |   |         |       |   |              |   |   |   |
|       Accounts payable                                                |   | $            | 39,890     |   |              | $      | 16,671 |   |
|       Accrued expenses                                                |   |         | 168,217    |   |              |   | 42,975 |   |
|       Deferred revenue                                                |   |         | 612,892    |   |              |   | 239,117 |   |
|          Total current liabilities                |   |         | 820,999    |   |              |   | 298,763 |   |
| Convertible notes payable:                                                                     |   |         |       |   |              |   |   |   |
|       Related parties                                                 |   |         | 100,000    |   |              |   | 100,000 |   |
|       Other                                                           |   |         | 100,000    |   |              |   | 137,500 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|                                                                                           |   |         | 200,000    |   |              |   | 237,500 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|          Total liabilities                             |   |         | 1,020,999  |   |              |   | 536,263 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
| Commitments                                                                                    |   |         |       |   |              |   |   |   |
|                                                                                           |   |         |       |   |              |   |   |   |
| Stockholders' equity:                                                                          |   |         |       |   |              |   |   |   |
|       Preferred stock; $0.10 par value; 1,000,000 shares              |   |         |       |   |              |   |   |   |
|          authorized; none issued and outstanding  |   |         | -          |   |              |   | - |   |
|       Common stock; $0.001 par value; 50,000,000                      |   |         |       |   |              |   |   |   |
|          shares authorized; 29,919,859 (2010) and |   |         |       |   |              |   |   |   |
|          25,554,014 (2009) issued and outstanding |   |         | 26,464     |   |              |   | 25,554 |   |
|       Additional paid-in capital                                      |   |         | 3,095,386  |   |              |   | 2,087,666 |   |
|       Other comprehensive loss                                        |   |         | (4,649     | )      |              |   | - |   |
|       Accumulated deficit                                             |   |         | (2,307,083 | )      |              |   | (1,589,056 | ) |
|                                                                                           |   |         |       |   |              |   |   |   |
|    Total stockholders' equity                                                   |   |         | 810,118    |   |              |   | 524,164 |   |
|                                                                                           |   |         |       |   |              |   |   |   |
|                                                                                           |   | $            | 1,831,117  |   |              | $      | 1,060,427 |   |

----

|                                                                                        |   |              |       |   |
|---------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   | Predecessor |   |
|                                                                                        |   | Successor company |       |   | company |   |
|                                                                                        |   | Three months      |       |   | Three months |   |   | Six months |   |   | March 11 |   |   | January 1, |   |
|                                                                                        |   | ended             |       |   | ended |   |   | ended |   |   | through |   |   | through |   |
|                                                                                        |   | June 30,          |       |   | June 30, |   |   | June 30, |   |   | June 30, |   |   | March 10, |   |
|                                                                                        |   | 2010              |       |   | 2009 |   |   | 2010 |   |   | 2009 |   |   | 2009 |   |
|                                                                                        |   | (unaudited)       |       |   | (unaudited) |   |   | (unaudited) |   |   | (unaudited) |   |   |   |   |
| Net revenue                                                                                 |   | $                 | 772,885    |   |   | $ | 57 |   |   | $ | 1,039,160 |   |   | $ | 57 |   |   | $ | 125,690 |   |
| Cost of revenue                                                                             |   |              | 323,372    |   |   |   | 2,399 |   |   |   | 499,094 |   |   |   | 2,399 |   |   |   | 63,248 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit (loss)                                                                         |   |              | 449,513    |   |   |   | (2,342 | ) |   |   | 540,066 |   |   |   | (2,342 | ) |   |   | 62,442 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                         |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       General and administrative                                   |   |              | 619,297    |   |   |   | 195,119 |   |   |   | 1,026,125 |   |   |   | 237,712 |   |   |   | 35,265 |   |
|       Selling and marketing                                        |   |              | 124,841    |   |   |   | 63,847 |   |   |   | 336,257 |   |   |   | 64,535 |   |   |   | - |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             Total operating expenses |   |              | 744,138    |   |   |   | 258,966 |   |   |   | 1,362,382 |   |   |   | 302,247 |   |   |   | 35,265 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating (loss) income                                                                     |   |              | (294,625   | )      |   |   | (261,308 | ) |   |   | (822,316 | ) |   |   | (304,589 | ) |   |   | 27,177 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense):                                                                     |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Interest expense:                                            |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             Related parties          |   |              | (2,500     | )      |   |   | (1,968 | ) |   |   | (5,000 | ) |   |   | (1,968 | ) |   |   | - |   |
|             Other                    |   |              | (2,500     | )      |   |   | (1,748 | ) |   |   | (5,788 | ) |   |   | (1,748 | ) |   |   | - |   |
|       Loss on value of derivative warrants                         |   |              | (4,810     | )      |   |   | - |   |   |   | (2,775 | ) |   |   | - |   |   |   | - |   |
|       Related party management fees                                |   |              | 112,500    |   |   |   | - |   |   |   | 112,500 |   |   |   | - |   |   |   | - |   |
|       Other income                                                 |   |              | 4,399      |   |   |   | - |   |   |   | 5,352 |   |   |   | - |   |   |   | - |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                        |   |              | 107,089    |   |   |   | (3,716 | ) |   |   | 104,289 |   |   |   | (3,716 | ) |   |   | - |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Net (loss) income                                            |   |              | (187,536   | )      |   |   | (265,024 | ) |   |   | (718,027 | ) |   |   | (308,305 | ) |   |   | 27,177 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive loss:                                                                   |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Unrealized gain (loss) on investments                        |   |              | 49,537     |   |   |   | - |   |   |   | (4,649 | ) |   |   | - |   |   |   | - |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive (loss) income                                                                 |   | $                 | (137,999   | )      |   | $ | (265,024 | ) |   | $ | (722,676 | ) |   | $ | (308,305 | ) |   | $ | 27,177 |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share - basic and diluted                                                      |   | $                 |       | *      |   | $ | (0.02 | ) |   | $ | (0.03 | ) |   | $ | (0.02 | ) |   | $ | N/A |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                  |   |              | 29,589,859 |   |   |   | 14,200,811 |   |   |   | 28,233,359 |   |   |   | 14,101,147 |   |   |   | N/A |   |
|                                                                                        |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| * - Less than a $(0.01) per share                                                           |   |              |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |
|----------------------------------------------------------------------|--------------|--------|------------|---------|--------|--------|-------------|------------|--------|---------------|-----------|--------|--------|--------|------------|--------|
|                                                                 |         |   |       |    |   |   |        | Additional |   |          |      |   |   | Other  |       |   |   |   |
|                                                                 | Common stock |   |       | paid-in |   |   | Accumulated |       |   | comprehensive |      |   |   |   |
|                                                                 | Shares       |   |       | Amount  |   |   | capital     |       |   | deficit       |      |   | loss   |   |       | Total  |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |
| Balance, January 1, 2010                                             |         |   | 25,554,010 |    |   | $      | 25,554      |       |   | $             | 2,087,666 |   |   | $      | (1,589,056 | )      |   | $ |   |   |   | $ | 524,164 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Common stock issued in connection with AAEX merger                   |         |   | 3,100,000  |    |   |   | 310         |       |   |          | 12,184    |   |   |   |       |   |   |   |   |   |   |   | 12,494 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Share-based compensation                                             |         |   |       |    |   |   |        |       |   |          | 216,636   |   |   |   |       |   |   |   |   |   |   |   | 216,636 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Conversion of debt to common stock                                   |         |   | 325,849    |    |   |   | 326         |       |   |          | 37,174    |   |   |   |       |   |   |   |   |   |   |   | 37,500 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Sale of common stock                                                 |         |   | 740,000    |    |   |   | 74          |       |   |          | 739,926   |   |   |   |       |   |   |   |   |   |   |   | 740,000 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Exercise of warrants                                                 |         |   | 200,000    |    |   |   | 200         |       |   |          | 1,800     |   |   |   |       |   |   |   |   |   |   |   | 2,000 |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Other comprehensive loss:                                            |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
|    Unrealized loss from available for sale securities |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   | (4,649 | ) |   |   | (4,649 | ) |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Net loss                                                             |         |   |       |    |   |   |        |       |   |          |      |   |   |   | (718,027   | )      |   |   |   |   |   |   | (718,027 | ) |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Comprehensive loss                                                   |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   | (722,676 | ) |
|                                                                 |         |   |       |    |   |   |        |       |   |          |      |   |   |   |       |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2010                                               |         |   | 29,919,859 |    |   | $      | 26,464      |       |   | $             | 3,095,386 |   |   | $      | (2,307,083 | )      |   | $ | (4,649 | ) |   | $ | 810,118 |   |

----

|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|--------|----------|---------------------|--------|--------|------------|--------|--------|
|                                                                                                                                                     | Successor company |   |     | Predecessor company |   |
|                                                                                                                                                     | Six months        |   |     | March 11,           |   |   | January 1, |   |
|                                                                                                                                                     | ended             |   |     | through             |   |   | through    |   |
|                                                                                                                                                     | June 30,          |   |     | June 30,            |   |   | March 10,  |   |
|                                                                                                                                                     | 2010              |   |     | 2009                |   |   | 2009       |   |
|                                                                                                                                                     | (unaudited)       |   |     | (unaudited)         |   |   |       |   |
| Net (loss) income                                                                                                                                        |              | $      | (718,027 | )                   |   | $      | (308,305   | )      |   | $ | 27,177 |   |
| Cash flows from operating activities:                                                                                                                    |              |   |     |                |   |   |       |   |   |   |   |   |
|      Adjustments to reconcile net (loss) income to net cash (used in)                                                                |              |   |     |                |   |   |       |   |   |
|        provided by operating activities:                                                                                   |              |   |     |                |   |   |       |   |   |   |   |   |
|           Depreciation and amortization expense                                                             |              |   | 36,484   |                |   |   | 23,443     |   |   |   | - |   |
|      Share-based compensation expense                                                                                                |              |   | 216,636  |                |   |   | 1,595      |   |   |   | - |   |
|      Company expense paid by related party                                                                                           |              |   | -        |                |   |   | 40,000     |   |   |   | - |   |
|      Bad debt expense                                                                                                                |              |   | 4,000    |                |   |   | -          |   |   |   | - |   |
|      Loss on value of derivative warrants                                                                                            |              |   | 2,775    |                |   |   | -          |   |   |   | - |   |
|      Accretion of discount on debt securities                                                                                        |              |   | (3,267   | )                   |   |   | -          |   |   |   | - |   |
|      Contribution of services by member                                                                                              |              |   | -        |                |   |   | -          |   |   |   | 32,000 |   |
|      Changes in operating assets and liabilities:                                                                                    |              |   |     |                |   |   |       |   |   |   |   |   |
|           (Increase) decrease in accounts receivable                                                        |              |   | (6,533   | )                   |   |   | -          |   |   |   | 3,480 |   |
|           Increase in prepaid expenses and other                                                            |              |   | 63,684   |                |   |   | -          |   |   |   | - |   |
|           Increase (decrease) in accounts payable                                                           |              |   | 23,219   |                |   |   | 29,634     |   |   |   | (22,407 | ) |
|           Increase accrued expense                                                                          |              |   | 124,742  |                |   |   | 1,417      |   |   |   | - |   |
|           (Decrease) increase in deferred revenue                                                           |              |   | (619,725 | )                   |   |   | 7,000      |   |   |   | (1,382 | ) |
|           Decrease in other assets                                                                          |              |   | (6,314   | )                   |   |   | -          |   |   |   | - |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Net cash (used in) provided by operating activities                                                                                                      |              |   | (882,326 | )                   |   |   | (205,216   | )      |   |   | 38,868 |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Cash flows from investing activities:                                                                                                                    |              |   |     |                |   |   |       |   |   |   |   |   |
|      Purchase of debt and equity securities                                                                                          |              |   | (70,100  | )                   |   |   | -          |   |   |   | - |   |
|      Cash acquired in reverse acquisition                                                                                            |              |   | 11,494   |                |   |   | -          |   |   |   | - |   |
|      Purchase of property and equipment                                                                                              |              |   | (21,377  | )                   |   |   | (157,194   | )      |   |   | - |   |
|      Net cash used in investing activities                                                                                           |              |   | (79,983  | )                   |   |   | (157,194   | )      |   |   | - |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Cash flows from financing activities:                                                                                                                    |              |   |     |                |   |   |       |   |   |   |   |   |
|      Proceeds from debt offering                                                                                                     |              |   | -        |                |   |   | 500,000    |   |   |   | - |   |
|      Proceeds from exercise of warrants                                                                                              |              |   | 2,000    |                |   |   | -          |   |   |   | - |   |
|      Proceeds from issuance of common stock, including 2009         subscription received in 2010 |              |   | 720,000  |                |   |   | 157,500    |   |   |   | - |   |
|      Contributions from member                                                                                                       |              |   | -        |                |   |   | -          |   |   |   | 25,000 |   |
|      Payments on line of credit                                                                                                      |              |   | -        |                |   |   | -          |   |   |   | (1,410 | ) |
|      Distributions to member                                                                                                         |              |   | -        |                |   |   | -          |   |   |   | (61,000 | ) |
|      Decrease in bank overdraft                                                                                                      |              |   | -        |                |   |   | -          |   |   |   | (900 | ) |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Net cash provided by (used in) financing activities                                                                                                      |              |   | 722,000  |                |   |   | 657,500    |   |   |   | (38,310 | ) |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents                                                                                                     |              |   | (240,309 | )                   |   |   | 295,090    |   |   |   | 558 |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Cash and cash equivalents, beginning                                                                                                                     |              |   | 564,883  |                |   |   | -          |   |   |   | - |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Cash and cash equivalents, ending                                                                                                                        |              | $      | 324,574  |                |   | $      | 295,090    |   |   | $ | 558 |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
| Supplemental disclosure of non-cash investing and financing activities:                                                                                  |              |   |     |                |   |   |       |   |   |
|                                                                                                                                                     |              |   |     |                |   |   |       |   |   |   |   |   |
|      Acquisition of customer contracts and relationships from predecessor                                                            |              |   |     |                |   |   |       |   |   |
|         company in exchange for common stock                                                                     |              | $      | -        |                |   | $      | 75,000     |   |   |   |   |   |
|      Common stock issued in satisfaction of related party advance payable                                                            |              | $      | -        |                |   | $      | 40,000     |   |   |   |   |   |
|      Conversion of notes payable to common stock                                                                                     |              | $      | 37,500   |                |   | $      | 50,000     |   |   |   |   |   |
|      Common stock issued in connection with AAEX merger                                                                              |              | $      | 12,494   |                |   | $      | -          |   |   |   |   |   |
|      Issuance of shares for subscription receivable                                                                                  |              | $      | 30,000   |                |   |   |       |   |   |   |   |   |
|      Increase in investments and deferred revenue                                                                                    |              | $      | 993,500  |                |   | $      | -          |   |   |   |   |   |
|      Reclassification of assets held for sale to property and equipment                                          |              | $      | 14,336   |                |   | $      | -          |   |   |   |   |   |

----

| 1.  | Organization, basis of presentation, and management’s plans: |
|----------|--------------------------------------------------------------------|

|   | Accredited Members, Inc. (“AMI”) is a publisher of investment-related research and information regarding microcap companies, as well as publisher of Accredited Members magazine.  AMI also provides an online social networking website intended for high net-worth investors (www.accreditedmembers.com), provides corporate “Profiles” that include multiple types of investor-related services (including web articles, press releases and research), and holds conferences intended for individuals and companies to identify and build relationships. AMI’s process of doing this utilizes primarily two systems: an interactive website, and conferences held several times throughout the year across the country. AMI also provides institutional and individual investors with proprietary research on “microcap” and “small-cap” companies (companies with a market capitalization less than $300 million), and AMI sells business valuation reports that it prepares for customers. AMI’s services are sold in the form of customer memberships, which typically have terms of 90 days up to one year. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | AMI is in the process of expanding its proprietary members-only website, the primary function of which is to serve as a financial enhancement tool. The website went “live” in July 2009. AMI’s online community is designed to provide investors with a vital resource to assist in the discovery of new investment ideas, access to independent research and interaction with other successful investors. Upon joining, members must represent to AMI that they have a net worth of at least $1 million. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | AMI, headquartered in Colorado Springs, Colorado, was formed in December 2008, for the purpose of acquiring customer contracts and related customer relationships from EdgeWater Research, LLC (“EdgeWater” or the “Predecessor”), a Colorado Limited Liability Company. The EdgeWater customer contracts and related customer relationships were determined to meet the definition of a “business”, as defined by accounting standards.  AMI, which had no operations from its formation date to the date of the EdgeWater acquisition, acquired the customer contracts/relationships on March 11, 2009, for 1.5 million shares of common stock valued at $75,000, their estimated fair value at the date of acquisition. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On February 24, 2010, Across America Real Estate Exchange, Inc. (“AAEX” or “Across America”) entered into an Agreement and Plan of Merger and Reorganization (the “Agreement”) with AMI. Pursuant to the Agreement, on February 24, 2010, AMI merged with and into AAEX Acquisition Corp., a wholly-owned subsidiary of Across America, and was the surviving entity in that transaction (the “Merger Transaction”).  As such, upon closing the Merger Transaction AMI became a wholly-owned subsidiary of Across America, and Across America acquired all of the outstanding shares of AMI through the issuance of an aggregate of 25,554,010 shares of Across America common stock, with each single AMI common share being entitled to receive approximately 2.603 shares of Across America common stock.  Effective May 11, 2010, AAEX changed its name to Accredited Members Holding Corporation (the “Company”). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.  | Organization, basis of presentation, and management’s plans (continued): |
|----------|--------------------------------------------------------------------------------|

|   | At the date of the Merger Transaction, AAEX was a public shell with no significant operations. The acquisition of AMI by AAEX was recorded as a reverse acquisition based on factors demonstrating that AMI represented the accounting acquirer. The transaction is equivalent to the issuance of stock by AMI for the net monetary assets of AAEX. The historical stockholders’ equity of AMI prior to the exchange was retroactively restated (a recapitalization) for the equivalent number of shares received in the exchange after giving effect to any differences in the par value of the AAEX and AMI common stock, with an offset to additional paid-in capital. The restated consolidated accumulated deficit of the accounting acquirer (AMI) has been carried forward after the exchange. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Basis of presentation: |
|--------|------------------------|

|   | The financial statements for the period from January 1, 2009 through March 10, 2009 (the “Predecessor Period”) reflect the results of operations of EdgeWater. The financial statements for the periods subsequent to March 10, 2009 (the “Successor Period”) reflect the results of operations of AMI (the “Successor”). Accordingly, the results of operations of the Predecessor and the Successor are not comparable in all respects. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The accompanying condensed consolidated financial statements and notes thereto have been prepared in accordance with the instructions to quarterly reports on Form 10-Q.  In the opinion of management, these financial statements include all adjustments (consisting of normal recurring adjustments) that the Company considers necessary to present a fair statement of its results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. Certain information and footnote data necessary for fair presentation of financial position and results of operations in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted.  Therefore, it is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in a Current Report on Form 8-K filed February 25, 2010. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.  The Company reported net losses in 2009, and for the three and six-month periods ended June 30, 2010, and has an accumulated deficit of approximately $2.3 million at June 30, 2010. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | To date, the Company has financed its operations in large part through the raising of debt and equity capital.  The Company has no revolving loan agreement in place with any financial institution, so to the degree that it is unable to establish profitability through the operations of the business, it will likely continue to rely on additional debt or equity financing. As a consequence, if the Company is unable to achieve profitability or obtain additional financing in the near term, the Company may be required to delay its business plan implementation, which would have a material adverse impact on the Company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.  | Organization, basis of presentation, and management’s plans (continued): |
|----------|--------------------------------------------------------------------------------|

|   | The Company has recently added (or is planning to add) additional services to the business that go beyond its existing membership/research/conferencing model. For example, the Company entered into an agreement and plan of merger in July 2010, which may result in a new business segment if that transaction is successfully consummated, of which there can be no assurance (Note 9). |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | These new services have added considerable overhead and cost to the original business plan, which have contributed to the Company’s losses to this point.  While management believes the new services will eventually make positive contributions to the Company, if management deems that assessment to be inaccurate, or if the time frame in which that occurs extends beyond the Company’s ability to raise additional capital or its desire to incur additional dilution, it may decide to exit these new services.  While the Company believes that it has the flexibility to scale the Company’s operations back to the original legacy business model and operate it profitably, a decision of that nature could prove adverse.  The Company will continually assess these new services in terms of their contributions and capital requirements relative to the Company’s need and ability, if necessary, to access additional capital to support them. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.  | Significant accounting policies: |
|----------|----------------------------------|

|   | Cash and cash equivalents: |
|--------|----------------------------|

|   | For purposes of the statements of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less, including money market accounts and bank time deposits to be cash equivalents.  At December 31, 2009, cash and cash equivalents included time deposits of approximately $50,000, which were purchased in December 2009 and liquidated in January 2010.  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company is subject to credit risk primarily through trade receivables. This credit risk is mitigated by the diversification of the Company’s operations, as well as its large customer base and its geographical dispersion. The Company grants varying payment terms to its customers. Payment terms for valuation reports prepared and sold by the Company typically require a portion of the fee to be paid up front, and the remaining amount due upon report delivery (typically within 45 days of the up-front payment).  Payment terms for memberships vary but generally, are either paid up-front, which includes a small discount, or are paid monthly over the term of the membership. The majority of the accounts receivables are generated from the Issuer Profile Contracts.   These contracts are either paid in full with cash or stock or in monthly payments spread over the life of the contract.  For contracts that are executed with stock from the issuer, a receivable is set-up until the stock certificates have been received or transferred. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.  | Significant accounting policies (continued): |
|----------|----------------------------------------------|

|   | Five customers comprise approximately 94% of accounts receivable at June 30, 2010; each customer balance represents approximately 39%, 21%, 14%, 14%, and 10% of the total. Accounts receivable as of December 31, 2009 are due from four customers; each customer balance represents approximately 42%, 23%, 13%, and 10% of the total.  One customer comprised approximately 12% of revenue for the three months ended June 30, 2010. There was no individually significant customer for the six months ended June 30, 2010. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ongoing credit evaluations of customers’ financial condition are performed, although collateral is not required. The Company maintains an allowance when necessary for doubtful accounts and sales credits that is the Company’s best estimate of potentially uncollectible trade receivables. Provisions are made based upon a specific review of all significant outstanding invoices that are considered potentially uncollectible in whole or in part. For those invoices not specifically reviewed or considered uncollectible, general provisions are provided at different rates, based upon the age of the receivable, historical experience, and other currently available evidence. The allowance estimates are adjusted as additional information becomes known or as payments are made. No allowance was considered necessary as of June 30, 2010 and December 31, 2009. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Marketable securities: |
|--------|------------------------|

|   | During the six months ended June 30, 2010, the Company accepted equity-based compensation from certain clients as consideration for services.  This equity-based compensation is generally from issuers for which there is a public market for their securities (or for which the Company expects there to be a public market in the near future).  The Company accounts for these transactions pursuant to ASC 505-50 (formerly known as Emerging Issues Task Force Issue No. (EITF) 00-08, Accounting by a Grantee for an Equity Instrument to be Received in Conjunction with Providing Goods or Services). |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company’s investments in marketable securities are classified as available-for-sale. These marketable securities are stated at fair value.  Any unrealized gains or losses are recorded in accumulated other comprehensive income (loss), a component of stockholders’ equity, until realized. Other-than-temporary declines in market value from original cost are included in the current period’s operations. In determining whether an other-than-temporary decline in the market value has occurred, the Company considers the duration that, and extent to which, fair value of the investment is below its cost. Realized gains and losses are calculated based on specific identification to the individual securities involved with the resulting gains and losses included in non-operating income and expense on the statement of operations. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Beginning in the quarter ended June 30, 2010, the Company accepted equity securities of certain clients for which there is no public market in these clients’ securities.  These non-marketable equity securities of these companies, over which the Company has no ability to exercise significant influence, are accounted for under the cost method.  Decrease in fair value below the recorded value is recognized as losses when the decrease is determined to be an other than temporary impairment. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | During the six months ended June 30, 2010, the Company purchased convertible promissory notes and warrants to purchase common stock of two publicly-traded companies. The convertible promissory notes are classified as available-for-sale debt securities and were valued using a recurring market-based method which approximates fair value by using the amortized cost basis of the promissory notes, with the discount being amortized to interest income over the respective terms of the notes. Warrants are recorded as assets measured at their fair values.  The warrants are accounted for as derivative instruments if the underlying securities are readily convertible to cash or available for sale securities if they are not readily convertible to cash.  Changes in the fair value of warrants accounted for as derivative instruments are recognized in earnings (loss), while changes in the fair value of available for sale warrant securities are recognized in other comprehensive income (loss). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | At June 30, 2010, the carrying amounts of cash, accounts receivable and accounts payable approximate their fair values due to their short duration. Convertible notes payable to unrelated parties approximate their fair values based on current market rate information.  The fair value of receivables and convertible notes payable to related parties is not practicable to estimate, due to the related party nature of the underlying transactions. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company values its financial assets and liabilities utilizing a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs, such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.  | Significant accounting policies (continued): |
|----------|----------------------------------------------|

|   | The following fair value hierarchy table presents information about the Company’s assets measured at fair value on a recurring basis as of June 30, 2010 and December 31, 2009, and indicates the fair value hierarchy of the valuation techniques utilized by the Companies to determine such fair value. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                            |   | Fair value measurement as of |    |
|-------------------------------------------------|--------|------------------------------|---------|
|                                            |   | June 30, 2010                |    |
|                                            |   | Level 1                      |    |   |  Level 2 |   |   | Level 3 |   |
| Cash                                            |   | $                            | 324,574 |   |   | $ | - |   |   | $ | - |   |
| Investment in marketable client securities |   |                         | 764,112 |   |   |   | - |   |   |   | - |   |
| Investment in debt securities                   |   |                         | -       |   |   |   | - |   |   |   | 56,517 |   |
| Investment in cost investments                  |   |                         | -       |   |   |   | - |   |   |   | 215,000 |   |
| Investment in warrants                          |   |                         | -       |   |   |   | - |   |   |   | 23,814 |   |

|               |   | Fair value measurement as of |    |
|--------------------|--------|------------------------------|---------|
|               |   | December 31, 2009            |    |
|               |   | Level 1                      |    |   |  Level 2 |   |   | Level 3 |   |
| Cash               |   | $                            | 514,883 |   |   | $ | - |   |   | $ | - |   |
| Bank time deposits |   |                         | -       |   |   |   | 50,000 |   |   |   | - |   |

|   | The Company recognizes revenue pursuant to SEC Staff Accounting Bulletin No. 104, Revenue Recognition, and Accounting Standards Codification (ASC) 605-25 (formerly known as Emerging Issues Task Force Issue No. (EITF) 00-21, Revenue Arrangements with Multiple Deliverables). The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sale price is fixed or determinable, and collectability is reasonably assured. Membership service contracts typically consist of multiple deliverables, including web-based services over the membership term and participation in conferences and conference presentations.  The Company defers the revenue associated with any undelivered elements. The amount of revenue deferred in connection with the undelivered elements is determined using the relative fair value of each element, which is generally based on each element's price sold on a stand-alone basis. For valuation products that are sold to customers, such as valuation reports, revenues are recorded upon delivery and acceptance of the product to the customer. Deferred revenue represents contractual billings in excess of revenue recognized. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.  | Significant accounting policies (continued): |
|----------|----------------------------------------------|

|   | In March 2010, the Company began selling television advertisement slots on behalf of a third party.  The Company records revenues from such sales of third-party products in accordance with Principal Agent Considerations within the Revenue Recognition Topic of the FASB Accounting Standards Codification. The Company evaluates these sales on a case-by-case basis to determine whether the transaction should be recorded gross or net, including but not limited to assessing whether or not the Company (1) acts as principal in the transaction, (2) has risks and rewards of the transaction, such as the risk of loss for collection, and (3) acts as an agent or broker with compensation on a commission or fee basis. Accordingly, sales of third-party products are typically recorded on a net basis.  Fees paid to third parties for their products during the six months ended June 30, 2010 were $122,000 and were reflected as a reduction in net revenue on the consolidated statements of operations. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For the six month periods ended June 30, 2010 and 2009, the Company generated net operating losses that give rise to deferred tax assets.  The Company also has deferred tax assets from net operating losses generated from AAEX that are subject to certain limitations.  The Company recorded a 100% valuation allowance against these deferred tax assets as management does not believe realization of such related deferred income tax assets is more likely than not at this time. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Basic net loss per share is computed by dividing the net loss applicable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if dilutive securities were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, unless the effect of such inclusion would reduce a loss or increase earnings per share. For each of the periods presented in the accompanying financial statements, the effect of the inclusion of dilutive shares would have resulted in a decrease in loss per share. Common stock options and warrants aggregating 4,592,453 and 4,251,567 as of June 30, 2010 and 2009, respectively (adjusted to reflect the terms of the Agreement and its prescribed exchange ratio), have been excluded from the calculation of diluted net loss per common share. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.  | Significant accounting policies (continued): |
|----------|----------------------------------------------|

|   | Effective January 1, 2010, the Company adopted Financial Accounting Standards Board (“FASB”) updated guidance related to fair value measurements and disclosures, which requires a reporting entity to disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and to describe the reasons for the transfers. In addition, in the reconciliation for fair value measurements using significant unobservable inputs, or Level 3, a reporting entity should disclose separately information related to purchases, sales, issuances, and settlements information to be included in the roll forward of activity. The updated guidance also requires that an entity should provide fair value measurement disclosures for each class of assets and liabilities and disclosures about the valuation techniques and inputs used to measure fair value for both recurring and non-recurring fair value measurements for Level 2 and Level 3 fair value measurements. The guidance is effective for interim or annual financial reporting periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances and settlements in the roll forward activity in Level 3 fair value measurements, which are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. Therefore, the Company has not yet adopted the guidance with respect to the roll forward activity in Level 3 fair value measurements. The Company has updated its disclosures to comply with the updated guidance. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In October 2009, the FASB issued a new accounting standard which provides guidance for arrangements with multiple deliverables. Specifically, the new standard requires an entity to allocate consideration at the inception of an arrangement to all of its deliverables based on their relative selling prices. In the absence of the vendor-specific objective evidence or third-party evidence of the selling prices, consideration must be allocated to the deliverables based on management’s best estimate of the selling prices. In addition, the new standard eliminates the use of the residual method of allocation. In October 2009, the FASB also issued a new accounting standard which changes revenue recognition for tangible products containing software and hardware elements. Specifically, tangible products containing software and hardware that function together to deliver the tangible products’ essential functionality are scoped out of the existing software revenue recognition guidance and will be accounted for under the multiple-element arrangements revenue recognition guidance discussed above. Both standards will be effective for the Company in the first quarter of 2011. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard may have on its consolidated financial statements. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.  | Property and equipment: |
|----------|-------------------------|

|   | As of June 30, 2010 and December 31, 2009, property and equipment consists of the following. |
|--------|----------------------------------------------------------------------------------------------|

|                                           |   |  June 30, 2010 |    |   |  December 31, 2009 |   |
|------------------------------------------------|--------|---------------------|---------|--------|-------------------------|--------|
| Website development                       |   | $                   | 223,566 |   |                    | $      | 223,566 |   |
| Furniture and fixtures                         |   |                | 30,635  |   |                    |   | 9,256 |   |
|  Equipment                                |   |                | 18,532  |   |                    |   | 4,210 |   |
|                                           |   |                | 272,733 |   |                    |   | 237,032 |   |
| Less accumulated depreciation and amortization |   |                | (45,110 | )      |                    |   | (21,138 | ) |
|                                           |   | $                   | 227,623 |   |                    | $      | 215,894 |   |

|   | During the quarter ended June 30, 2010, management made a decision to reclassify $14,336 of equipment previously presented as assets held for sale to property and equipment, due to management’s intention to utilize such equipment in operations.  Depreciation and amortization expense on property and equipment for the three and six month periods ended June 30, 2010 and 2009 was $11,980, $23,972, $276 and $276, respectively. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.  | Intangible assets: |
|----------|--------------------|

|   | At December 31, 2009, intangible assets with a carrying value of $12,500 consist of customer contracts and related customer relationships acquired from EdgeWater on March 11, 2009. This intangible asset was fully amortized in 2010. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.  | Investments: |
|----------|--------------|

|   | Investment in marketable securities consist of shares of companies that are traded on an exchange.  The cost, gross unrealized holding gains and losses, and fair value of these available-for sale securities as of June 30, 2010, are as follows: |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  |   |   |        |    |   |  Goss unrealized holding |   |    |  Fair value |   |
|-----------------------|--------|--------|-------------|---------|--------|-------------------------------|--------|---------|------------------|--------|
|                  |   |   |  Costs |    |   |  Gains                   |   |    |  Losses     |   |   |   |   |
| Available-for-sale:   |   |   |        |    |   |                          |   |    |             |   |   |   |   |
| Marketable securities |   |   | $           | 778,500 |   |                          | $      | 145,647 |             |   | $ | (160,035 | ) |   | $ | 764,112 |   |

|   | Cost method investments: |
|--------|--------------------------|

|   | During the six months ended June 30, 2010, the Company accepted non-marketable equity securities in lieu of cash from three privately-held companies (customers).  The Company has no ability to exercise significant influence over these companies, and these companies’ securities are not traded on an exchange or considered readily marketable; therefore, these investments are accounted for under the cost method.  As of June 30, 2010, cost method investments totaled $215,000. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Debt securities and warrants: |
|--------|-------------------------------|

|   | During the six months ended June 30, 2010, the Company purchased convertible promissory notes and warrants to purchase common stock of two publicly-traded companies for $50,100 cash. The convertible promissory notes have a total face amount of approximately $50,000 and have a stated interest rate of 8% per annum.  Interest is due quarterly.  Notes for approximately $25,000 are due in February 2012, and may be converted whole or in part at any time for $0.20 per share. Notes for the remaining $25,000 are due in December 2012, and may be converted whole or in part into shares of common stock at $1.60 per share.  The amortized cost of these debt securities is $36,517 as of June 30, 2010. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In addition to the convertible notes, the Company received warrants to purchase up to 12,500 shares of common stock exercisable at $6.00 per share of one company, and warrants to purchase up to 62,500 shares of restricted common stock of the other company exercisable at $0.50 per share. The warrants are exercisable immediately and have a term of five years. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company allocated the purchase price between the debt securities and warrants based on the fair value of the instruments on the date of purchase. The fair value of the warrants will fluctuate primarily in relation to the value of the publicly-traded companies’ underlying securities, either providing an appreciation in value or potentially expiring with no value. The discount on the notes (approximately $13,500 at June 30, 2010) is being amortized to interest income over the term of the notes. In April 2010, the Company purchased $20,000 of 9% senior secured notes, originally due on August 9, 2010.  The debtor has the option to extend (and did extend) the maturity date by up to 60 days.  The Company has recorded the investment at cost which, due to its short duration, approximates its fair value. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.  | Convertible notes payable: |
|----------|----------------------------|

|   | In March 2009, AMI initiated a private placement of convertible promissory notes. AMI received $500,000 in this placement of promissory notes between May and June 30, 2009. Subsequent to June 30, 2009, AMI issued an additional $87,800 in convertible promissory notes. These notes bear interest at 10% per annum, they are unsecured, and their maturity dates are in 2014. By their original terms, principal and interest are convertible at any time by the holder into shares of AMI’s common stock at $0.30 per share if the conversion is effected prior to the close of the third consecutive calendar month in which AMI (now the Company) is cash-flow positive, as defined; or, $0.60 per share if the conversion is effected after the close of the third consecutive calendar month in which the Company is cash-flow positive (subsequent to the merger transaction with AAEX upon a conversion of a note, the conversion price and the number of shares into which each note is convertible into, would be adjusted to reflect the terms of the Agreement and its prescribed exchange ratio).  The Company determined that the notes did not have any beneficial conversion features, as the conversion price equaled or exceeded the estimated fair value of the Company’s common stock at the measurement date of each issuance. During the year ended 2009, notes for $350,300 were converted into 1,167,667 shares of common stock. During the six months ended June 30, 2010, an additional $37,500 was converted into 325,849 shares of common stock (the number of shares issued upon conversion was adjusted to reflect the terms of the Agreement and its prescribed exchange ratio). |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.  | Lease commitment: |
|----------|-------------------|

|   | The Company’s previous office lease expired in June 2010.  Therefore, in May 2010, the Company entered into a new office lease that expires in December 2015, with the option to extend for five additional years, and requires lease payments of approximately $3,400 per month for the first year, escalating up to approximately $4,700 per month in the fifth year. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Lease expense was approximately $15,800 during the three months ended June 30, 2010 (none during the three months ended June 30, 2009), and approximately $33,200 and $26,600 for the six month periods ended June 30, 2010 and 2009, respectively. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.  | Stockholders’ equity: |
|----------|-----------------------------|

|   | On March 11, 2009, the Company sold 8.9 million (adjusted to reflect the terms of the Agreement and its prescribed exchange ratio) shares of common stock to founding stockholders in exchange for $170,000 ($0.05 per share), and an additional 2,082,400 shares in satisfaction of a $40,000 payable to a founding stockholder (adjusted to reflect the terms of the Agreement and its prescribed exchange ratio). |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On March 1, 2010, the Company initiated a private placement for the sale of up to 3,000,000 shares of common stock for $1.00 per share. Through June 30, 2010, the Company sold 740,000 shares of common stock for total proceeds of $740,000 of which, $30,000 represents a subscription receivable at June 30, 2010 (collected on July 1, 2010).  Subsequent to June 30, 2010, the Company sold an additional 90,000 shares of common stock for total proceeds of $90,000. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Effective March 11, 2009, AMI established the AMI 2009 Stock Option Plan (the “Plan") covering up to 2,603,000 shares of the Company’s common stock (adjusted to reflect the terms of the Agreement and its prescribed exchange ratio).  The Plan was assumed by the Company upon AMI becoming a wholly owned subsidiary (at which time all references to AMI common stock in the Plan were deemed to reference the Company’s common stock). Any employee, consultant or Director of the Company is eligible to participate.  The exercise  prices  of  the  options  granted  are  determined  by  the  Plan Committee, whose members are appointed by the Board of Directors, and the exercise prices are generally to be established at the estimated fair value of the Company's common stock at the date of grant. Options granted have terms that do not exceed five years. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company granted stock options to purchase up to 150,000 shares of common stock during the six months ended June 30, 2010 to two employees.  In addition, upon the resignation of the Company’s former CEO, a portion of his options that otherwise would have been forfeited if not exercised within 90 days of his resignation, were deemed vested on August 1, 2010.  The additional expense for stock-based compensation recorded during the six-months ended June 30, 2010 due to the accelerated terms for the former CEO was approximately $73,000. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The compensation cost that has been included as a charge to general and administrative expense in the statement of operations for stock-based compensation regarding stock options was $77,160 and $104,807 for the three and six months ended June 30, 2010, respectively and $0 and $1,600 for the three and six-months ended June 30, 2009, respectively. As of June 30, 2010, there was approximately $120,400 of unrecognized compensation costs related to non-vested stock options. The cost is expected to be recognized over a weighted average period of one year. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.  | Stockholders’ equity (continued): |
|----------|-----------------------------------------|

|   | The Company uses the Black-Scholes option pricing model to determine the weighted average fair value of options.  The weighted-average fair value of options granted during the six- months ended June 30, 2010 was $0.40 per share.  The assumptions utilized to determine the fair value of options granted during the six-months ended June 30, 2010, are as follows: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  Risk free interest rate |  2.02%   |   |
|--------|-------------------------------|---------------|--------|
|   |  Expected volatility     |  96%     |   |
|   |  Expected term      |  5 years |   |
|   |  Expected dividend yield |  0       |   |

|   | The expected term of stock options represents the period of time that the stock options granted are expected to be outstanding. The expected volatility is based on the historical price volatility of the common stock of similar companies. The risk-free interest rate represents the U.S. Treasury bill rate for the expected term of the related stock options. The dividend yield represents the anticipated cash dividend over the expected term of the stock options. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The following table sets forth the activity in the Company's Plan for the six months ended June 30, 2010: |
|--------|-----------------------------------------------------------------------------------------------------------|

|                                                                |   |  Sharesunderoption |      |   |  Weightedaverageexerciseprice |   |       | Weightedaverageremainingcontractual  life |   |   | Aggregate intrinsicvalue |   |
|---------------------------------------------------------------------|--------|-------------------------|-----------|--------|------------------------------------|--------|------------|-----------------------------------------------------|--------|--------|-------------------------------|--------|
|  Outstanding at January 1, 2010                      |   |                    | 1,796,070 | *      |                               | $      | 0.28       | *                                                   |   |   |                          |   |   |   |
|        Granted                        |   |                    | 150,000   |   |                               | $      | 2.00       |                                                |   |   |                          |   |   |   |
|        Exercised                 |   |                    | 0         |   |                               | $      | -          |                                                |   |   |                          |   |   |   |
|        Forfeited/cancelled  |   |                    | (130,150  | )      |                               | $      |  0.29 |                                                |   |   |                          |   |   |   |
|  Outstanding at June 30, 2010                             |   |                    | 1,815,920 |   |                               | $      | 0.42       |                                                |   |   | 2.54 years                    |   |   | $ | 225,527 |   |
|  Exercisable at June 30, 2010                             |   |                    | 1,044,717 |   |                               | $      | 0.27       |                                                |   |   | 3.05 years                    |   |   | $ | 149,524 |   |

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| 8.  | Stockholders’ equity (continued): |
|----------|-----------------------------------------|

|   | The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the estimated fair value of the Company’s common stock on June 30, 2010 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they exercised their options on June 30, 2010. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The following table summarizes the activity and value of non-vested options as of and for the six months ended June 30, 2010: |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

|                                                    |   |  Number of options |      |   |  Weighted-averagegrant datefair value |   |
|---------------------------------------------------------|--------|------------------------------|-----------|--------|--------------------------------------------|--------|
|  Non-vested options outstanding at January 1, 2010 |   |                         | 1,057,469 | *      |                                       | $      | 0.18 | * |
|  Granted                                      |   |                         | 150,000   |   |                                       | $      | 0.19 |   |
|  Vested                                            |   |                         | (315,339  | )      |                                       | $      | 0.23 |   |
|  Forfeited/cancelled                               |   |                         | (120,927  | )      |                                       | $      | 0.21 |   |
|  Non-vested options outstanding at June 30, 2010   |   |                         | 771,203   |   |                                       | $      | 0.12 |   |

|   | During the six-months ended June 30, 2010, existing warrants to purchase approximately 360,000 shares of common stock vested, and approximately $112,000 was recognized as selling and marketing expenses. Prior to the merger transaction in 2007, AAEX issued warrants to purchase 200,000 shares of AAEX common stock at a price of $0.01 per share. In March 2010, these warrants were exercised and the Company received cash of $2,000. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During the period from January 1, 2009, through March 10, 2009, the sole member of the Predecessor incurred expenses on behalf of the Predecessor (such as compensation for services and rent) for no consideration. These amounts, which totaled approximately $32,000, have been accounted for as expense, and as an increase in member’s equity in 2009. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.  | Related party services agreement and plan of merger: |
|----------|------------------------------------------------------|

|   | On May 18, 2010, the Company signed a management services agreement (“Management Agreement”) with World Wide Premium Packers, Inc. (“WWPP”).  The Management Agreement calls for the Company to perform management services, including chief executive officer and chief |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 9.  | Related party services agreement and plan of merger (continued): |
|----------|------------------------------------------------------------------|

|   | Agreement and Plan of Merger (continued): |
|--------|-------------------------------------------|

|   | financial officer functions on a fixed-contract basis on behalf of WWPP.  The fee for these services is $75,000 per month.  For the three and six months ended June 30, 2010, the Company recognized $112,500 in management services fees.  As of June 30, 2010, the Company has a receivable of $37,500 from WWPP.  The Company received this amount in July 2010.  The Company’s Co-Chairman is an officer, director, and significant shareholder of WWPP. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Agreement and Plan of Merger: |
|--------|-------------------------------|

|   | As disclosed in a Form 8-K filed by the Company on July 29, 2010, on July 23, 2010, the Company entered into an Agreement and Plan of Merger and Reorganization (the “WWPP Agreement”) with WWPP, and AMHC Acquisition Corp., a newly-formed, wholly-owned subsidiary of the Company. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | WWPP is an early-stage, business enterprise located in Colorado Springs Colorado.  WWPP intends to procure, process, and market premium meat products.  The Company understands that WWPP has entered into a licensing agreement with Pat Boone that grants WWPP a perpetual exclusive world-wide license to use Mr. Boone’s name and likeness in connection with the marketing and sale of premium meats, cookbooks and related products.  The Company is to acquire all of WWPP’s common stock in exchange for approximately 398,000 shares series A preferred stock – although the rights and preferences of the series A preferred stock have not yet been finalized.  Upon the closing of the transaction, WWPP is to be a wholly-owned subsidiary of the Company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The WWPP Agreement may be terminated under certain circumstances, including if the merger transaction is not completed by November 30, 2010, (so long as the terminating party is not the cause of the transaction not being completed by that date).  The WWPP Agreement also sets forth a number of additional conditions precedent for the completion of the transaction, and contains other standard provisions for transactions of this nature, including standard representations, warranties and covenants.  There can be no assurance that the Company will be able to meet the conditions precedent to the transaction contemplated by the WWPP Agreement. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

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|        |   |                                                                                                                                                                                            |
|-------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit No. |   | Document                                                                                                                                                                                        |
|        |   |                                                                                                                                                                                            |
| 10.1        |   | Management Services Agreement between Accredited Members Holding Corporation and World Wide Premium Packers, Inc. (1)                                                                           |
|        |   |                                                                                                                                                                                            |
| 31.1        |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Mark Labertew Chief Executive Officer and Chief Financial Officer).                                               |
|        |   |                                                                                                                                                                                            |
| 32          |   | Certification Pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Mark Labertew, Chief Executive Officer and Chief Financial Officer). |

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|                        | ACCREDITED MEMBERS HOLDING CORPORATION |                                                              |
|-----------------------------|----------------------------------------|-------------------------------------------------------------------|
|                        |                                   |                                                              |   |
| Date:  August 20, 2010 | By:                                    | /s/  Mark Labertew                                      |   |
|                        |                                   | Mark Labertew Chief Executive Officer and Chief Financial Officer |   |
|                        |                                   |                                                              |   |

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