UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

(Mark One)

|X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

For the fiscal year ended August 31, 2006

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

For the transition period from _____________ to _____________.

                        Commission File Number: 000-29397

                           NORTH COAST PARTNERS, INC.
                           --------------------------
             (Exact name of registrant as specified in its charter)

                Delaware                                  33-0619528
                --------                                  ----------
    (State or other jurisdiction of           (IRS Employer Identification No.)
             incorporation)

                           909 Logan Street, Suite 7J
                             Denver, Colorado 80203
                             ----------------------
                    (Address of principal executive offices)

                                 (516) 887-8200
                                 --------------
              (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to section 12(g) of the Act: Common Stock, $0.001
par value

Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act. |_|

<PAGE>

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No |_|

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part II of this Form 10-KSB or any
amendment to this Form 10-KSB. |X|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). |X| Yes |_| No

The issuer's revenues for its most recent fiscal year were $2,091.

The aggregate market value of voting common stock held by non-affiliates of the
Registrant was not determined because the Registrant's voting stock is not
publicly traded.

The number of shares of the issuer's common stock issued and outstanding as of
November 28, 2006 was 6,360,000 shares.

Documents Incorporated By Reference:  None

Transitional Small Business Issuer Disclosure Format (check one):
Yes |_| No |X|.

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                              Page
                                                                              ----
<S>                                                                            <C>
PART I
  Item 1.    Description of business.......................................     4
  Item 2.    Description of property.......................................     6
  Item 3.    Legal proceedings.............................................     6
  Item 4.    Submission of matters to a vote of security holders...........     6

PART II
  Item 5.    Market for common equity and related stockholder matters......     6
  Item 6.    Management's discussion and analysis or plan of operation.....     7
  Item 7.    Financial statements..........................................    11
  Item 8.    Changes in and disagreements with accountants on
             accounting and financial disclosure...........................    19
  Item 8a.   Controls and procedures.......................................    19
  Item 8b.   Other information.............................................    19

PART III
  Item 9.    Directors, executive officers, promoters and control
             persons; compliance with section 16(a) of the exchange act....    20
  Item 10.   Executive compensation........................................    22
  Item 11.   Security ownership of certain beneficial owners and
             management..........................23...
  Item 12.   Certain relationships and related transactions................    24
  Item 13.   Exhibits......................................................    25
  Item 14.   Principal accountant fees and services........................    26

SIGNATURES
CERTIFICATIONS
</TABLE>

<PAGE>

                                     PART I

As used in this Form 10-KSB, references to the "Company," the "Registrant,"
"we," "our" or "us" refer to North Coast Partners, Inc. unless the context
otherwise indicates.

Forward-Looking Statements

This Annual Report on Form 10-KSB contains forward-looking statements. For this
purpose, any statements contained in this Form 10-KSB that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking
information includes statements relating to future actions, prospective
products, future performance or results of current or anticipated products,
sales and marketing efforts, costs and expenses, interest rates, outcome of
contingencies, financial condition, results of operations, liquidity, business
strategies, cost savings, objectives of management, and other matters. You can
identify forward-looking statements by those that are not historical in nature,
particularly those that use terminology such as "may," "will," "should,"
"expects," "anticipates," "contemplates," "estimates," "believes," "plans,"
"projected," "predicts," "potential," or "continue" or the negative of these
similar terms. The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking information to encourage companies to provide
prospective information about themselves without fear of litigation so long as
that information is identified as forward-looking and is accompanied by
meaningful cautionary statements identifying important factors that could cause
actual results to differ materially from those projected in the information.

These forward-looking statements are not guarantees of future performance and
involve risks, uncertainties and assumptions that we cannot predict. In
evaluating these forward-looking statements, you should consider various
factors, including the following: (a) those risks and uncertainties related to
general economic conditions, (b) whether we are able to manage our planned
growth efficiently and operate profitable operations, (c) whether we are able to
generate sufficient revenues or obtain financing to sustain and grow our
operations, (d) whether we are able to successfully fulfill our primary
requirements for cash, which are explained below under "Liquidity and Capital
Resources". We assume no obligation to update forward-looking statements, except
as otherwise required under the applicable federal securities laws.

Item 1.  Description of Business.

History

Our Company was incorporated under the laws of the State of Delaware on April
20, 1994. From our incorporation and until December 13, 2004, we had no
operating history other than organizational matters.


                                       4

<PAGE>

On December 13, 2004, we acquired Trans Media Inc. ("Trans Media"), a Wyoming
corporation, by acquiring all of its issued and outstanding shares from its
shareholders pursuant to a Plan of Arrangement and Share Exchange Agreement,
dated September 29, 2004, among our Company, Trans Media, and all the
shareholders of Trans Media. Pursuant to such agreement, the shareholders of
Trans Media exchanged all of their 5,360,000 shares of common stock of Trans
Media for 5,360,000 shares of our Company's common stock, which represented
84.28% of the outstanding shares of our Company's common stock on a fully
diluted basis. As a result of such share exchange, Trans Media became the wholly
owned subsidiary of our Company. Such transaction was treated as a reverse
merger of Trans Media, and Trans Media is the continuing entity for financial
reporting purposes.

Trans Media was incorporated in the province of British Columbia on July 23,
2001 as 631411 B.C., LTD, and renamed Transworld Media, Inc. on October 28,
2002. It was reincorporated in Wyoming and renamed Trans Media, Inc. on November
18, 2004. Since October 2002, Trans Media has been engaged in the production and
distribution of musical CD's and musical performances targeted to the South
Asian immigrants residing in North America.

Business Description

Through Trans Media, we are presently engaged in the production and distribution
of musical CD's and musical performances targeted to the South Asian immigrant
population residing in North America, including immigrants from India, Pakistan,
Sri Lanka, Bangladesh, East Africa, South Africa and West Indies. We focus on
two niche markets: music geared to children; and music intended for special
occasions, such as weddings.

Prior to becoming our Chief Executive Officer, Mel Venkateswaran had released
musical recordings in the form of audio cassettes and CDs dating back to 1982
and is a well known musical figure in the South Asian community. He has also
performed and has been mainly featured in many musical concerts over the years
with respect to South Asian music in New York, Philadelphia, Cleveland, San
Antonio, Los Angeles, Chicago, Detroit and major cities in Canada. Mel
Venkateswaran brought to the Company name recognition, experience and expertise
to the Company's plan to develop the distribution and sales of South Asian music
in the ethnic communities of North America.

We are in the development stage and have minimal revenues. We have completed
production of eight (8) musical CD compositions and have developed 10,000 copies
of such CD's for release and sale to the public. We commenced selling copies of
such CD's during the fiscal quarter ended May 31, 2006. We intend to distribute
and sell our CDs via our web site, which is currently under construction, and
sales made at concerts and benefit performances. We will advertise our products
through endorsements from sponsorship of nationwide television network known as
Asian Television Network, flyer and print advertising, and advertising through
participation in community events. We have been active in community events to
raise its profile and bring awareness to the South Asian population in North
America, such as charity performances for the Heart Institute, the Diabetic
Association, Hospice for Cancer, and a concert held in British Columbia in aid
of the Tsunami victims of Sri Lanka.


                                       5

<PAGE>

We are in the process of completing our ninth CD for release. To this end, we
have hired lyricists to write new songs aimed at festive occasions and
celebrations. We also intend to produce a musical video within the next six
months.

We also hold concerts and other musical performances and derive revenue from
ticket sales at such events. We were instrumental in organizing a concert held
on February 12, 2005, in British Columbia for the benefit of the victims of the
Tsunami that hit Southeast Asia in January 2005. During the fiscal year ended
August 31, 2006, we held one musical performance. Additional concerts and
performances are being planned for several United States cities during the next
twelve months.

Item  2. Properties.

We lease approximately 675 square feet of office space in Denver, Colorado on a
month to month basis at no cost.

Item  3. Legal Proceedings.

There are no pending legal proceedings to which the Company is a party or in
which any director, officer or affiliate of the Company, any owner of record or
beneficially of more than 5% of any class of voting securities of the Company,
or security holder is a party adverse to the Company or has a material interest
adverse to the Company. The Company's property is not the subject of any pending
legal proceedings.

Item  4. Submission of Matters to a Vote of Security Holders.

No matters were submitted to a vote of security holders during the fourth
quarter of the fiscal year covered by this report.

                                     PART II

Item  5. Market for Registrant's Common Equity, Related Stockholder Matters, and
         Issuer Purchases of Equity Securities.

Market Information

Our common stock is eligible to be traded on the Over-The-Counter Bulletin
Board. As of November 28, 2006, there were approximately 140 stockholders of
record.


                                       6

<PAGE>

Dividends

We have not declared or paid any cash dividends on our common stock nor do we
anticipate paying any in the foreseeable future. Furthermore, we expect to
retain any future earnings to finance our operations and expansion. The payment
of cash dividends in the future will be at the discretion of our Board of
Directors and will depend upon our earnings levels, capital requirements, any
restrictive loan covenants and other factors the Board considers relevant.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered
Securities

On December 13, 2004, we issued 5,360,000 shares of our common stock to the
shareholders of Trans Media Inc. pursuant to a share exchange agreement among
our Company, Trans Media Inc., and the shareholders of Trans Media Inc. In
exchange for the shares of our common stock that we issued to the Trans Media
shareholders, we received all of the outstanding shares of common stock of Trans
Media Inc., thereby making Trans Media Inc. our wholly owned subsidiary. There
were no underwriters or broker-dealers involved in the issuance of such shares
and therefore no underwriting discounts or commissions were paid. The Supreme
Court of British Columbia approved the share exchange as being fair to the
shareholders of Trans Media on December 13, 2004. The shares were issued
pursuant to an exemption from registration pursuant to Section 3(a)(10) of the
Securities Act of 1933, as amended.

Purchases of equity securities by the issuer and affiliated purchasers

We have not repurchased any shares of our common stock during the year ended
August 31, 2006.

Equity Compensation Plans

We do not have any equity compensation plans.

Item  6. Management's Discussion and Analysis or Plan of Operation.

Plan of Operation

We are presently engaged in the production and distribution of musical CD's and
musical performances to the South Asian immigrant population residing in North
America, including immigrants from India, Pakistan, Sri Lanka, Bangladesh, East
Africa, South Africa and West Indies. We focus on two niche markets: music
geared to children and music intended for special occasions, such as weddings.


                                       7

<PAGE>

We are in the development stage and have minimal revenues. We have completed
production of eight (8) musical CD compositions and have developed 10,000 copies
of such CD's for release and sale to the public. We began selling copies of such
CD's during the quarter ended May 31, 2006, and have generated $190 in sales
since then. Such sales are expected to yield initial revenue of $100,000,
although there is no guarantee that all or part of the copies will be sold. We
intend to distribute and sell our CDs via our web site, which is currently under
construction, and sales made at concerts and benefit performances. We intend to
advertise our products through endorsements from sponsorship of nationwide
television network known as Asian Television Network, flyer and print
advertising, and advertising through participation in community events. We have
been active in community events to raise its profile and bring awareness to the
South Asian population in North America, such as charity performances for the
Heart Institute, the Diabetic Association, Hospice for Cancer, and a concert
held in British Columbia in aid of the Tsunami victims of Sri Lanka.

We are in the process of completing our ninth CD for release. To this end, we
have hired lyricists to write new songs aimed at festive occasions and
celebrations. We also intend to produce a musical video within the next six
months.

We also have plans to derive revenue from ticket sales of several musical
performances which are being arranged for the next twelve months. During the
fiscal year ended August 31, 2006, we held one musical performance, generating
$1,901 in revenues from ticket sales. Additional concerts and performances are
being planned for several United States cities during the next twelve months.

We believe that the revenues we expect to be generated by the sales of copies of
our CD's and the sales of tickets at our musical performances will be sufficient
to satisfy our cash requirements for the next twelve months. There is no
guarantee that such sales will yield our Company revenues sufficient to satisfy
our cash requirements. We may have to borrow money from shareholders or issue
debt or equity or enter into a strategic arrangement with a third party. There
can be no assurance that additional funds will be available to us. We currently
have no agreements, arrangements or understandings with any person to obtain
funds through bank loans, lines of credit or any other sources.

We do not expect to purchase or sell any significant equipment over the next
twelve months. Once our business model is firmly established, we will hire
employees to assist with our growth strategy and operations. Future growth plans
include engaging niche distributors in the South Asian population market
throughout North America to distribute and sell North Coast's products.


                                       8

<PAGE>

Results of Operations

Fiscal Year Ended August 31, 2006 Compared to Fiscal Year Ended August 31, 2005.

During the fiscal year ended August 31, 2006 we had revenues of $2,091. There
were no revenues for the fiscal year ended August 31, 2005. Our revenues
increased during the fiscal year ended August 31, 2006 as compared to the
preceding fiscal year because during fiscal 2006 our Company commenced selling
copies of our musical CD's, generating $190 in revenues, and held a musical
performance, generating $1,901 in revenues from ticket sales.

Operating expenses decreased by $12,180 during the fiscal year ended August 31,
2006 to $27,119 from $39,299 for the fiscal year ended August 31, 2005. These
expenses consist of general administrative expenses and the fluctuations are
primarily attributable to professional fees.

Liquidity and Capital Resources

As of August 31, 2006, we had $11,539 in available cash and a working capital
deficit of $76,158.

On February 7, 2005, we borrowed $29,500 from a related party. The terms of the
original promissory note were amended on March 7, 2005 to provide for an
interest rate at the prevailing prime rate of Standard Chartered Bank plus 2%
interest per annum, and the original due date of June 2005 was extended to
September 2005. In September 2005, the due date of the note was extended to
December 2005; in December 2005 the due date of the note was extended to March
2006; in March 2006 the due date of the note was extended to June 2006; in June
2006 the due date of the note was extended to September 2006; in September 2006,
the due date of the note was extended to March 2007. If the note is not paid in
full or part by March 2007, the balance may be convertible at a conversion rate
of $0.10 per share at the option of the Lender.

On September 8, 2005, we borrowed an additional $10,500 from the same related
party. The terms of the promissory note provide for an interest rate at the
prevailing prime rate of Standard Chartered Bank plus 2% per annum, with a due
date of December 7, 2005. In December 2005 the due date of the note was extended
to March 2006; in March 2006 the due date of the note was extended to June 2006;
in June 2006 the due date of the note was extended to September 2006; in
September 2006, the due date of the note was extended to March 2007. If the note
is not paid in full or part by March 2007, the balance may be convertible at a
conversion rate of $0.10 per share at the option of the Lender.

In March 2006, we borrowed an additional $20,050 from the same related party.
The note bears interest at the prevailing prime rate of Standard Chartered Bank
plus 2% per annum, is unsecured, and is due June 2, 2006. The balance is
convertible if not repaid at maturity at a conversion rate of $0.10 per share at
the option of the lender. In June 2006, the due date of this note was extended
to September 2, 2006, and on such date, the note was extended to March 2007,
with the terms remaining the same.


                                       9

<PAGE>

Going Concern

We incurred recurring net losses of $27,576 and $40,128 in the fiscal years
ended August 31, 2006 and 2005, respectively, and we have an accumulated deficit
of $79,309 and a working capital deficit of $76,158 as of August 31, 2006. These
conditions raise substantial doubt as to our ability to continue as a going
concern.

Off Balance Sheet Arrangements

None.


                                       10

<PAGE>

Item  7. Financial Statements.

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
   North Coast Partners, Inc.
  (A Development Stage Company)
   Vancouver, British Columbia

We have audited the accompanying balance sheets of North Coast Partners, Inc. (A
Development Stage Company) as of August 31, 2006 and 2005 and the related
statements of operations, stockholders' deficit, and cash flows for the two
years ended August 31, 2006 and the period from July 23, 2001 (Inception)
through August 31, 2006. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform an audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit also includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of North Coast Partners, Inc. as
of August 31, 2006 and 2005 and the results of operations and cash flows for the
two years ended August 31, 2006 and the period from July 23, 2001 (Inception)
through August 31, 2006, in conformity with accounting principles generally
accepted in the United States of America.

The accompanying financial statements have been prepared assuming that North
Coast Partners, Inc. will continue as a going concern. As discussed in Note 2 to
the financial statements, North Coast Partners, Inc. suffered recurring losses
from operations and has a working capital deficiency, which raises substantial
doubt about its ability to continue as a going concern. Management's plans
regarding those matters also are described in Note 2. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.

Malone & Bailey, PC
www.malone-bailey.com
Houston, Texas

November 2, 2006


                                       11

<PAGE>

                           NORTH COAST PARTNERS, INC.
                          (a development stage company)
                                 BALANCE SHEETS
                            August 31, 2006 and 2005

<TABLE>
<CAPTION>
                                                            2006       2005
                                                          --------   --------
<S>                                                       <C>        <C>
                           ASSETS
Current assets:
  Cash                                                    $ 11,539   $  2,614
  Inventory                                                  2,485         --
                                                          --------   --------
    Total current assets                                  $ 14,024   $  2,614
                                                          ========   ========

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
  Accounts payable                                        $ 18,774   $ 17,255
  Accounts payable - related party                           8,032      3,700
  Accrued interest                                           3,326        829
  Note payable - related party                              60,050     29,500
                                                          --------   --------
    Total current liabilities                               90,182     51,284
                                                          --------   --------

Commitments and contingencies                                   --         --

Stockholders' deficit

  Preferred stock, par value $.001, 1,000,000 shares
    authorized; no shares issued and outstanding                --         --
  Common stock, par value $.001, 20,000,000 shares
    authorized; 6,360,000 shares issued and outstanding      6,360      6,360
  Additional paid in capital                                (5,703)    (5,703)
  Deficit accumulated during the development stage         (79,309)   (51,733)
  Other comprehensive income:

    Equity adjustment on foreign currency translation        2,494      2,406
                                                          --------   --------
    Total stockholders' deficit                            (76,158)   (48,670)
                                                          --------   --------
    Total liabilities and stockholders' deficit           $ 14,024   $  2,614
                                                          ========   ========
</TABLE>

                 See accompanying notes to financial statements.


                                       12

<PAGE>

                           NORTH COAST PARTNERS, INC.
                          (a development stage company)
                            STATEMENTS OF OPERATIONS
                    Years Ended August 31, 2006 and 2005, and
          Period from July 23, 2001 (Inception) through August 31, 2006

                                                                   Inception
                                                                    through
                                            2006          2005        2006
                                         ----------   ----------   --------
Revenues                                 $    2,091   $       --   $  2,091
Cost of sales                                    51           --         51
General and administrative expenses          27,119       39,299     78,023
                                         ----------   ----------   --------
Net loss from operations                    (25,079)     (39,299)   (75,983)
Interest expense                              2,497          829      3,326
                                         ----------   ----------   --------
Net loss                                    (27,576)     (40,128)   (79,309)
Other comprehensive income:
  Foreign currency adjustment                    88          427      2,494
                                         ----------   ----------   --------
Comprehensive loss                       $  (27,488)  $  (39,701)  $(76,815)
                                         ==========   ==========   ========
Basic and diluted net loss per share     $    (0.00)  $    (0.01)
                                         ==========   ==========
Basic and diluted weighted average
  shares outstanding                      6,360,000    6,074,286
                                         ==========   ==========

                 See accompanying notes to financial statements.


                                       13

<PAGE>

                           NORTH COAST PARTNERS, INC.
                          (a development stage company)
                 STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
         Periods from July 23, 2001 (Inception) through August 31, 2006

<TABLE>
<CAPTION>
                                                                                     Deficit
                                   Number of                                       accumulated
                                     Common                            Other        during the
                                     Shares    Common    Paid in   Comprehensive   development
                                     Issued     Stock    Capital       Income         stage       Totals
                                   ---------   ------   --------   -------------   -----------   --------
<S>                                <C>         <C>      <C>         <C>            <C>           <C>
Shares issued to founder                   1   $   --   $     --       $   --       $     --     $     --
                                   ---------   ------   --------       ------       --------     --------
Balances, August 31, 2002                  1       --         --           --             --           --
Issuance of common stock
  for cash                         5,359,999    5,360     11,771           --             --       17,131
Net loss                                  --       --         --           --        (10,031)     (10,031)
Foreign currency
  translation adjustment                  --       --         --        1,559             --        1,559
                                   ---------   ------   --------       ------       --------     --------
Balances, August 31, 2003          5,360,000    5,360     11,771        1,559        (10,031)       8,659
Net loss                                  --       --         --           --         (1,574)      (1,574)
Foreign currency translation
  adjustment                              --       --         --          420             --          420
                                   ---------   ------   --------       ------       --------     --------
Balances, August 31, 2004          5,360,000    5,360     11,771        1,979        (11,605)       7,505
Shares retained by North Coast
  shareholders in reverse merger   1,000,000    1,000    (17,474)          --             --      (16,474)
Net loss                                  --       --         --           --        (40,128)     (40,128)
Foreign currency translation
  adjustment                              --       --         --          427             --          427
                                   ---------   ------   --------       ------       --------     --------
Balances, August 31, 2005          6,360,000    6,360     (5,703)       2,406        (51,733)     (48,670)
Net loss                                  --       --         --           --        (27,576)     (27,576)
Foreign currency
  translation adjustment                  --       --         --           88             --           88
                                   ---------   ------   --------       ------       --------     --------
Balances, August 31, 2006          6,360,000   $6,360   $ (5,703)      $2,494       $(79,309)    $(76,158)
                                   =========   ======   ========       ======       ========     ========
</TABLE>

                 See accompanying notes to financial statements.


                                       14

<PAGE>

                           NORTH COAST PARTNERS, INC.
                          (a development stage company)
                            STATEMENTS OF CASH FLOWS
                    Years Ended August 31, 2006 and 2005, and
          Period from July 23, 2001 (Inception) through August 31, 2006

                                                                      Inception
                                                                       through
                                                  2006       2005       2006
                                                --------   --------   ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                      $(27,576)  $(40,128)  $(79,309)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Changes in:
      Inventory                                   (2,485)        --     (2,485)
      Accounts payable                             5,851      4,481     10,332
      Accrued expenses                             2,497        829      3,326
                                                --------   --------   --------
    Net cash used in operating activities        (21,713)   (34,818)   (68,136)
                                                --------   --------   --------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from note payable - related party      30,550     29,500     60,050
  Issuance of common stock for cash                   --         --     17,131
                                                --------   --------   --------
    Net cash provided by financing activities     30,550     29,500     77,181
                                                --------   --------   --------
EFFECT OF EXCHANGE RATE ON CHANGES IN CASH            88        427      2,494
                                                --------   --------   --------
NET CHANGE IN CASH                                 8,925     (4,891)    11,539
CASH AND CASH EQUIVALENTS, beginning of period     2,614      7,505         --
                                                --------   --------   --------
CASH AND CASH EQUIVALENTS, end of period        $ 11,539   $  2,614   $ 11,539
                                                ========   ========   ========
Supplemental Non-Cash Transactions:
      Accounts payable due to reverse merger    $     --   $ 12,774   $ 12,774
      Accounts payable - related party due to
        reverse merger                          $     --   $  3,700   $  3,700

                 See accompanying notes to financial statements.


                                       15

<PAGE>

                           NORTH COAST PARTNERS, INC.
                          (a development stage company)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations. North Coast Partners, Inc. ("North Coast") was
incorporated in the province of British Columbia on July 23, 2001 as 631411
B.C., LTD, and renamed Transworld Media, Inc. on October 28, 2002. It was
reincorporated in Wyoming and renamed Trans Media, Inc. ("Trans Media") on
November 18, 2004. On December 13, 2004, Trans Media was purchased by North
Coast Partners, Inc. in a transaction recorded as a reverse capitalization. As a
result of this transaction the name of the company was changed to North Coast.
North Coast issued 5,360,000 shares to Trans Media's shareholders in exchange
for 100% of the outstanding stock of Trans Media. Immediately prior to the
merger, North Coast had 1,000,000 shares outstanding, resulting in Trans Media's
shareholders holding 84% of the post-acquisition outstanding shares of North
Coast.

North Coast's business strategy is to grow in stature in the fast expanding
South Asian population in North America's multicultural society by sponsoring
musical concerts and by producing music (audio and video) in various categories
such as children's songs and wedding songs from various regions of South Asia.

North Coast's fiscal year end is August 31st.

Use of Estimates. In preparing financial statements, management makes estimates
and assumptions that affect the reported amounts of assets and liabilities in
the balance sheet and revenue and expenses in the statement of expenses. Actual
results could differ from those estimates.

Cash and Cash Equivalents. For purposes of the statement of cash flows, North
Coast considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.

Revenue Recognition. North Coast recognizes revenue when persuasive evidence of
an arrangement exists, services have been rendered, the sales price is fixed or
determinable, and collectibility is reasonably assured. This typically occurs
when services or products are delivered to the customer.

Inventory. Inventory is stated at the lower of cost or market value.

Income Taxes. Canadian income tax expense is based on reported earnings before
income taxes. Deferred income taxes reflect the impact of temporary differences
between assets and liabilities recognized for financial reporting purposes and
such amounts recognized for tax purposes, and are measured by applying enacted
tax rates in effect in years in which the differences are expected to reverse.

Foreign currency translation. North Coast's assets and liabilities are
translated to U.S. dollars at end-of-period exchange rates. The effects of this
translation are reported in other comprehensive income. Income statement
elements are translated to U.S. dollars at average-period exchange rates. Also
included in income are gains and losses arising from transactions denominated in
a currency other than Canadian dollars, the functional currency.


                                       16

<PAGE>

Basic and diluted Loss Per Share. Basic loss per share has been computed by
dividing net loss by the weighted average number of shares outstanding. There
were no common stock equivalents outstanding at August 31, 2006 and 2005.
Accordingly, basic and diluted loss per share is the same for all periods
presented.

Recently issued accounting pronouncements. North Coast does not expect the
adoption of recently issued accounting pronouncements to have a significant
impact on North Coast results of operations, financial position or cash flow.

NOTE 2 - GOING CONCERN

As shown in the accompanying financial statements, North Coast incurred
recurring net losses of $27,576 and $40,128 in fiscal 2006 and 2005,
respectively, has an accumulated deficit of $79,309 and a working capital
deficit of $76,158 as of August 31, 2006. These conditions raise substantial
doubt as to North Coast's ability to continue as a going concern. Management is
trying to raise additional capital through sales of stock and loans from related
parties. The financial statements do not include any adjustments that might be
necessary if North Coast is unable to continue as a going concern.

NOTE 3 - INVENTORY

In March 2006, North Coast purchased inventory from a company owned by one of
its principal owners at the seller's cost of $2,538. Inventory consists entirely
of music CDs.

NOTE 4 - NOTES PAYABLE

On February 7, 2005, North Coast borrowed $29,500 from a related party. The
terms of the original promissory note were amended on March 7, 2005 to provide
for an interest rate at the prevailing prime rate of Standard Chartered Bank
plus 2% interest per annum, and the original due date of June 2005 was extended
several times and is currently due in September 2006.

On September 8, 2005, North Coast borrowed an additional $10,500 from the same
related party. The terms of the promissory note provide for an interest rate at
the prevailing prime rate of Standard Chartered Bank plus 2% per annum, and the
original due date of December 7, 2005 was extended several times and is
currently due in September 2006. If the note is not paid in full or part by
September 7, 2006, the balance may be convertible at a conversion rate of $0.10
per share at the option of the Lender.

In March 2006, North Coast borrowed an additional $20,050 from the same related
party. The note is due September 2, 2006, bears interest at the prevailing prime
rate of Standard Chartered Bank plus 2% per annum and is unsecured. The balance
is convertible if not repaid at maturity at a conversion rate of $0.10 per share
at the option of the lender.


                                       17

<PAGE>

All note agreements contain a contingency clause stating that if the notes are
not paid by the maturity date, they will become convertible at $0.10/share at
the option of the lender. This clause was not in effect as of August 31, 2006
and therefore the notes were not analyzed for a beneficial conversion feature or
to determine if they required derivative treatment.

NOTE 5 - COMMON STOCK

On July 23, 2001 (inception) one share was issued to the founding shareholder.
In November 2002, Trans Media issued 5,359,999 shares of common stock for cash
proceeds totaling $17,131. On December 13, 2004, Trans Media was purchased by
North Coast Partners, Inc. in a transaction recorded as a reverse
capitalization. North Coast issued 5,360,000 shares to Trans Media's
shareholders in exchange for 100% of the outstanding stock of Trans Media.
Immediately prior to this merger, North Coast had 1,000,000 shares outstanding,
resulting in Trans Media's shareholders holding 84% of the post-acquisition
total outstanding shares of North Coast.

NOTE 6 - COMMITMENTS

North Coast's principal office is in the office of North Coast's president
pursuant to a verbal agreement on a rent-free month-to-month basis.

NOTE 7 - INCOME TAXES

North Coast uses the liability method, where deferred tax assets and liabilities
are determined based on the expected future tax consequences of temporary
differences between the carrying amounts of assets and liabilities for financial
and income tax reporting purposes. During fiscal 2006 and 2005, North Coast
incurred net losses and, therefore, has no tax liability. The net deferred tax
asset generated by the loss carry-forward has been fully reserved. The
cumulative net operating loss carry-forward is approximately $97,010 at August
31, 2006, and will expire in the years 2011 through 2013.

At August 31, 2006, deferred tax assets consisted of the following:

Deferred tax assets
  Net operating losses        $ 40,744
  Less: valuation allowance    (40,744)
                              --------
Net deferred tax asset        $      0
                              ========

NOTE 8 - CONCENTRATIONS

During the year ended August 31, 2006, all of North Coast's sales were from one
customer.

North Coast relies on one related party lender for all debt.


                                       18

<PAGE>

NOTE 9 - SUBSEQUENT EVENTS

In September 2006 the due dates of the notes payable to related party in the
amounts of $29,500, $10,500, and $20,050 were extended for six months to March
2007 with the terms remaining the same (see note 4).

Item 8. Changes In and Disagreements with Accountants on Accounting and
        Financial Disclosure.

None.

Item 8A. Controls and Procedures.

Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information
required to be disclosed in reports that we file or submit under the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported within the
time periods specified in the rules and forms of the SEC. Our Chief Executive
Officer and Chief Financial Officer have reviewed the effectiveness of our
"disclosure controls and procedures" (as defined in the Securities Exchange Act
of 1934 Rules 13a-14(c) and 15d-14(c)) during the period covered by this report
and have concluded that the disclosure controls and procedures are not effective
to ensure that material information relating to us is recorded, processed,
summarized, and reported in a timely manner. Specifically, our auditors
expressed concerns over our controls and process for accruals of liabilities and
accounting for inventory. There were no significant changes in our internal
controls or in other factors that could significantly affect these controls
subsequent to the last day they were evaluated by our Chief Executive Officer
and Chief Financial Officer.

Internal Controls Over Financial Reporting

There have not been any changes in our internal controls over financial
reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act) during our most recent fiscal year that have materially affected,
or are reasonably likely to materially affect, our internal controls over
financial reporting.

Item 8B.  Other Information.

On November 20, 2006, we dismissed National Stock Transfer as the transfer agent
of our capital stock. On the same date, we retained Continental Stock Transfer &
Trust Company as the transfer agent of our capital stock.


                                       19

<PAGE>

Item 9. Directors, Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(a) of the Exchange Act.

Each director of our Company serves for a term of one year or until the
successor is elected at the Company's annual shareholders' meeting and is
qualified, subject to removal by the Company's shareholders. Each officer
serves, at the pleasure of the board of directors, for a term of one year and
until the successor is elected at the annual meeting of the board of directors
and is qualified.

Set forth below is the name, age and present principal occupation or employment,
and material occupations, positions, offices or employments for the past five
years of our current directors and executive officers.

      Name          Age           Positions and Offices
-----------------   ---   ------------------------------------
Wong Peck Ling       36   Chief Financial Officer and Director
Mel Venkateswaran    60   Chief Executive Officer and Director
Don Montague         65   Secretary

Mel Venkateswaran has been our Chief Executive Officer since December 13, 2004,
and has been a director since December 13, 2004. Presently, Mr. Venkateswaran is
also a registered industrial accountant and has had his own Canadian accounting
practice since 1987. From the early 1960's to 2005, Mr. Venkateswaran has
developed his singing career, performing in Bombay, Delhi, Calcutta and northern
India, US, Germany, and appearing on television in Canada. Over the years, he
has been featured in programs sponsored by various cultural organizations
including appearances in Toronto, London, Vancouver, Kitchener, Ottawa, Calgary,
Edmonton, Montreal and Winnipeg in Canada. Mr. Venkateswaran has performed in
London, UK for the Gujarathi Association of London, participated in fund raising
cultural competitions in Trinidad, and has led musical troupes for performances
in Zaire, East Africa including Kampala, Malaysia, Nairobi, Kenya, Tanzania and
Mwanza. He is featured at the Asian Television Network on TV in Canada twice a
year. Mr. Venkateswaran is an accomplished singer in various ethnic languages,
release in 1988 of his first recording with multicultural orchestra sponsored by
the Eastern Fine Arts Academy of Toronto. Mr. Venkateswaran received his Masters
Degree in Management Sciences from Ottawa University and graduated with an MBA
from York University, Canada in 1975.

Wong Peck Ling has been our Chief Financial Officer and a director since January
30, 2004, and was our Chief Executive from January 30, 2004 until December 13,
2004. From July 1992 to September 1995, Ms. Wong was an external auditor with
Ernst & Young Public Accountants in Kuala Lumpur, Malaysia. In June 1997, Ms.
Wong joined Insinger Brumby, a Labuan private management company and is
presently an executive director. Ms. Wong is a member of the CPA Australia
(CPA), a Chartered Accountant with the Malaysian Institute of Accountants. Ms.
Wong graduated in July 1992 with a Bachelor of Economics degree, majoring in
Accounting from Monash University, Melbourne, Australia.


                                       20

<PAGE>

Don Montague has been our Secretary since September 29, 2004. From 1985 until
2003, Mr. Montague ran his own consulting firm that provided advice to companies
in producing and marketing television, video, radio and commercials. From 2003
to present, Mr. Montague has been the Vice-Chairman of Colorado Business
Council, a non-profit, state-wide equal opportunity chamber of commerce
organization made up of business owners and professionals. In August 2000, Mr.
Montague received the "Aegis Award of Excellence" for video production and in
August 1980 he received the Colorado Broadcasters Association Award for
direction in the category of "Best Documentary Program". Mr. Montague graduated
from Northwest Television School, Hollywood, California in 1959.

None of our directors or officers is a director in any other reporting
companies. None of our directors or officers has been affiliated with any
company that has filed for bankruptcy within the last five years. There are no
family relationships among our directors or officers. We are not aware of any
proceedings to which any of our officers or directors, or any associate of any
such officer or director, is a party adverse to our Company or any of our
subsidiaries or has a material interest adverse to it or any of its
subsidiaries.

Audit Committee Financial Expert.

The Board of Directors has not established an audit committee and does not have
an audit committee financial expert. The Board is of the opinion that an audit
committee is not necessary since the Company has only two directors and to date,
such directors have been performing the functions of an audit committee.

Section 16(a) Beneficial Ownership Reporting Compliance.

Section 16(a) of the Securities Exchange Act of 1934 requires officers and
Directors of the Company and persons who own more than ten percent of a
registered class of the Company's equity securities to file reports of ownership
and changes in their ownership with the Securities and Exchange Commission, and
forward copies of such filings to the Company. We believe, based solely on our
review of the copies of such forms and other written representations to us, that
during the fiscal year ended December 31, 2005, all reporting persons complied
with all applicable Section 16(a) filing requirements.

Code of Ethics. The Company has not yet adopted a Code of Ethics because it has
only two directors.


                                       21

<PAGE>

Item  10. Executive Compensation.

Summary Compensation

The following table presents certain specific information regarding the
compensation of our Chief Executive Officer and Chief Financial Officer during
the last three fiscal years. Except as set forth below, we have not paid any
other executive officer in excess of $100,000 (including salaries and benefits)
during the years ended August 31, 2006, 2005 or 2004.

                                     SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                          Annual compensation                              Long-term compensation
                                   -----------------------------   ------------------------------------------------------
                                                                                Awards              Payouts
                                                                   ------------------------------   -------
                                                                                      Securities
                                                    Other annual     Restricted       underlying      LTIP      All other
Name and             Fiscal Year   Salary   Bonus   compensation   stock award (s)   options/SARs   payouts   compenation
principal position     Covered      ($)      ($)        ($)              ($)              (#)         ($)         ($)
(a)                      (b)        (c)      (d)        (e)              (f)              (g)         (h)         (i)
------------------   -----------   ------   -----   ------------   ---------------   ------------   -------   -----------
<S>                      <C>         <C>      <C>        <C>              <C>              <C>          <C>         <C>
Mel Venka-               2006        0        0          0                0                0            0           0
Teswaran,                2005        0        0          0                0                0            0           0
CEO                      2004        0        0          0                0                0            0           0
Wong Peck                2006        0        0          0                0                0            0           0
Ling,                    2005        0        0          0                0                0            0           0
CFO                      2004        0        0          0                0                0            0           0
Jeshu Hand,              2006        0        0          0                0                0            0           0
CEO and                  2005        0        0          0                0                0            0           0
CFO(1)                   2004        0        0          0                0                0            0           0
</TABLE>

(1) Mr. Hand served as our Chief Executive Officer and Chief Financial Officer
through December 13, 2004. In February 2005, we changed to an August 31 fiscal
year from a June 30 fiscal year. In the above chart, the information for 2004 is
presented on an August 31 fiscal year basis.


                                       22

<PAGE>

Grants of Stock Options and Stock Appreciation Rights

No stock options or stock appreciation rights were granted to any of our
directors or executive officers during the fiscal year ended August 31, 2006.

Option/ SAR Exercises

None of our directors or executive officers exercised any stock options or stock
appreciation rights during the fiscal year ended August 31, 2006, and none of
them holds unexercised stock options held as of such date.

Long Term Incentive Plan Awards

The Company has no long-term incentive plans.

Compensation of Directors

Our directors do not receive compensation for their services as directors.

Employment Contracts

There are no employment agreements between our Company and any of our directors
or executive officers.

Item 11. Security Ownership of Certain Beneficial Owners and Management and
         Related Stockholder Matters.

The following table lists, as of November 28, 2006, the number of shares of
common stock of our Company that are beneficially owned by (i) each person or
entity known to our Company to be the beneficial owner of more than 5% of the
outstanding common stock; (ii) each officer and director of our Company; and
(iii) all officers and directors as a group. Information relating to beneficial
ownership of common stock by our principal shareholders and management is based
upon information furnished by each person using "beneficial ownership" concepts
under the rules of the Securities and Exchange Commission. Under these rules, a
person is deemed to be a beneficial owner of a security if that person has or
shares voting power, which includes the power to vote or direct the voting of
the security, or investment power, which includes the power to vote or direct
the voting of the security. The person is also deemed to be a beneficial owner
of any security of which that person has a right to acquire beneficial ownership
within 60 days. Under the Securities and Exchange Commission rules, more than
one person may be deemed to be a beneficial owner of the same securities, and a
person may be deemed to be a beneficial owner of securities as to which he or
she may not have any pecuniary beneficial interest. Except as noted below, each
person has sole voting and investment power.


                                       23

<PAGE>

The percentages below are calculated based on 6,360,000 shares of our common
stock issued and outstanding as of November 28, 2006. We do not have any
outstanding options, warrants or other securities exercisable for or convertible
into shares of our common stock. Unless otherwise indicated, the address of each
person listed is c/o North Coast Partners, Inc., 909 Logan Street, Suite 7J,
Denver, Colorado 80203.

<TABLE>
<CAPTION>
                                                     Amount and Nature of
Name of Beneficial Owner            Title Of Class   Beneficial Ownership   Percent of Class
---------------------------------   --------------   --------------------   ----------------
<S>                                 <C>                 <C>                         <C>
Wong Peck Ling(1)                   Common                806,000(3)                12.7%

Stamford Bridge Holdings Limited    Common                806,000(3)                12.7%

Mel Venkateswaran (1)               Common                240,000                    3.8%

Don Montague (2)                    N/A                         0                      0

Directors and Officers as a Group   Common              1,046,000                   16.4%
(3 persons)
</TABLE>

(1) Director and officer.

(2) Officer.

(3) Stamford Bridge Holdings Limited owns 806,000 shares of our common stock.
Ms. Wong Peck Ling, our Chief Financial Officer and a director, is the sole
shareholder of Stamford Bridge Holdings Limited and is deemed to beneficially
own the shares owned by Stamford Bridge Holdings Limited.

Item  12. Certain Relationships and Related Transactions.

On February 7, 2005, we borrowed $29,500 from one of our shareholders, Stamford
Bridge Holdings Limited; in consideration therefore, we issued a promissory
note, in the principal amount of $29,500, to such shareholder. The maturity date
of such promissory note was originally scheduled as March 7, 2005, but it has
since been extended numerous times, most recently to March 2007. If the note is
not paid in full by its maturity date, the balance will be convertible in whole
or in part into shares of our common stock at a conversion rate of $0.10 per
share at the option of the holder of the note. The contingent conversion feature
is not beneficially convertible because the conversion price is greater than the
fair value of our common stock on the date the note was issued. If the
contingency is triggered, we will be required to remeasure the conversion
feature and potentially record intrinsic value at that time.


                                       24

<PAGE>

On September 8, 2005, we borrowed a further $10,500 from Stamford Bridge
Holdings Limited under the terms of a promissory note. The maturity date of such
promissory note was originally scheduled as December 7, 2005, but it has since
been extended numerous times, most recently to March 2007. If the note is not
paid in full by its maturity date, the balance may be convertible in whole or in
part into shares of our common stock at a conversion rate of $0.10 per share at
the option of the holder of the note. The contingent conversion feature is not
beneficially convertible because the conversion price is greater than the fair
value of our common stock on the date the note was issued. If the contingency is
triggered, we will be required to remeasure the conversion feature and
potentially record intrinsic value at that time.

In March 2006, we borrowed an additional $20,050 from the same related party.
The note bears interest at the prevailing prime rate of Standard Chartered Bank
plus 2% per annum, is unsecured, and was originally due June 2, 2006. The
maturity date has been extended numerous times, most recently to March 2007. The
balance is convertible if not repaid at maturity at a conversion rate of $0.10
per share at the option of the lender.

In March 2006, North Coast purchased inventory from a company owned by one of
its principal owners at the seller's cost of $2,538.

Item  13. Exhibits.

Number   Description
------   -----------
  3.1    Certificate of Incorporation (filed as Exhibit 3.1 to our registration
         statement on Form 10-SB filed with the SEC on February 8, 2000 (SEC
         File No. 000-29397) (the "2000 Form 10-SB") and incorporated herein by
         reference).

  3.2    Bylaws (filed as Exhibit 3.2 to the 2000 Form 10-SB and incorporated
         herein by reference).


                                       25

<PAGE>

Number   Description
------   -----------
 10.1    Plan of Arrangement and Share Exchange Agreement dated for reference
         September 29, 2004, between North Coast Partners, Inc., Transworld
         Media Inc. and the Shareholders of Transworld Media Inc. (filed as
         Exhibit 10.1 to the Current Report on Form 8-K, dated December 13,
         2004, filed with the SEC on December 15, 2004 (the "2004 Merger Form
         8-K") and incorporated herein by reference)

 10.2    Order No. L042799 issued by the Supreme Court of British Columbia in
         the Matter of the Arrangement among Transworld Media Inc. and its
         members and North Coast Partners, Inc. (filed as Exhibit 10.2 to the
         2004 Merger Form 8-K and incorporated herein by reference)

 16.1    Letter from Pritchett Siler & Hardy, to the Securities and Exchange
         Commission, dated February 17, 2005, on the change in the certifying
         accountant (filed as Exhibit 16.1 to the Current Report on Form 8-K,
         dated February 15, 2005, filed with the SEC on February 17, 2005, and
         incorporated herein by reference)

 31.1    Certification of Principal Executive Officer pursuant to Section 302
         of the Sarbanes-Oxley Act*

 31.2    Certification of Principal Financial Officer pursuant to Section 302
         of the Sarbanes-Oxley Act*

 32.1    Certification of Principal Executive Officer and Principal Financial
         Officer pursuant to Section 906 of the Sarbanes-Oxley*

* Exhibit filed herewith.

Item  14. Principal Accountant and Fees.

Malone & Bailey, PC are our independent auditors.

Audit Fees

The aggregate fees billed by Malone & Bailey, PC for professional services
rendered for the audit of the Company's annual financial statements on Form
10-KSB and the review of the financial statements included in the Company's
quarterly reports on Form 10-QSB for the fiscal years ended August 31, 2006 and
2005 were $9,130 and $8,000, respectively. The aggregate fees billed by
Pritchett Siler & Hardy, our former independent auditors, for professional
services rendered for the audit of the Company's annual financial statements on
Form 10-KSB and the review of the financial statements included in the Company's
quarterly reports on Form 10-QSB for the fiscal year ended June 30, 2004 and
interim period through February 15, 2005 (the date of dismissal) was $3,500.


                                       26

<PAGE>

Audit-Related Fees

The aggregate fees billed for assurance and related services by the principal
accountant that are reasonably related to the performance of the audit or review
of the Company's financial statements for the fiscal years ended August 31, 2006
and 2005 were $0 and $0, respectively.

Tax Fees

The aggregate fees billed for tax compliance, tax advice and tax planning
rendered by our independent auditors for the fiscal years ended August 31, 2006
and 2005 were $0 and $0, respectively.

All Other Fees

The aggregate fees billed for all other professional services rendered by our
independent auditors for the fiscal years ended August 31, 2006 and 2005 were $0
and $0, respectively.

Policy on pre-approval of audit and permissible non-audit services

Our Board of Directors unanimously approved 100% of the fees paid to the
principal accountant for audit-related, tax and other fees. Our Board of
Directors pre-approves all non-audit services to be performed by the auditor.
The percentage of hours expended on the principal accountant's engagement to
audit our financial statements for the most recent fiscal year that were
attributed to work performed by persons other than the principal accountant's
full-time, permanent employees was 0%.


                                       27

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                                    NORTH COAST PARTNERS, INC.


November 28, 2006                   By: /s/ Mel Venkateswaran
                                        ----------------------------------------
                                    Name: Mel Venkateswaran
                                    Title: Chief Executive Officer and Director
                                           (Principal Executive Officer)


November 28, 2006                   By: /s/ Wong Peck Ling
                                        ----------------------------------------
                                    Name: Wong Peck Ling
                                    Title: Chief Financial Officer and Director
                                           (Principal Financial and Accounting
                                           Officer)


                                       28