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**EXHIBIT      1**

| GEORGE                STEWART, CPA2301                SOUTH JACKSON STREET, SUITE 101-GSEATTLE,                WASHINGTON 98144(206)                328-8554 FAX(206) 328-0383 **INDEPENDENT                AUDITORS REPORT**  To                the Board of DirectorsSupreme                Realty Investments, Inc., Inc.  I                have audited the accompanying balance sheets of Supreme Realty                Investments, Inc., Inc. as of December 31, 2004 and 2003, and the                related                statements of operations and retained earnings, stockholders’ equity and                cash flows for the years ended December 31, 2004 and 2003. These                financial                statements are the responsibility of the Company’s management. My                responsibility is to express an opinion on these financial statements                based on my audit. I                conducted my audit in accordance with the standards in the Public                Company                Accounting Oversight Board (United States). Those standards require                that I                plan and perform the audit to obtain reasonable assurance about whether                the financial statements are free of material misstatement. An audit                includes examining, on a test basis, evidence supporting the amounts                and                disclosures in the financial statements. An audit also includes assessing                the accounting principles used and significant estimates made by                management, as well as evaluating the overall financial statement                presentation. I believe that my audit provides a reasonable basis                for my                opinion. In                my opinion, the financial statements referred to above present fairly,                in                all material respects, the financial position of Supreme Realty                Investments, Inc., Inc., as of December 31, 2004 and 2003, and the                results                of its operations and cash flows for the years ended December 31,                2004 and                2003 in conformity with generally accepted accounting principles                in the                United States of America. The                accompanying financial statements have been prepared assuming the                Company                will continue as a going concern. As discussed in the Note #14 to                the                financial statements, the Company has experienced losses for several                years. This raises substantial doubt about its ability to continue                as a                going concern. Management’s plan in regard to these matters is also                described in Note #14. The financial statements do not include any                adjustments that might result from the outcome of this                uncertainty. /s/                George StewartSeattle,                WashingtonMay                14, 2005  |
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