UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-K  SANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2009  £TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from  to  Commission File No. 000-51732  AIMS WORLDWIDE, INC. (Name of small business issuer in its charter)  Nevada87-0567854(State or other jurisdiction(I.R.S. Employer Identification No.)of incorporation or organization)  10400 Eaton Place, #203 Fairfax, VA  22030 (Address of principal executive offices)  Issuers telephone number:703-621-3875, x2254  Securities Registered pursuant to Section 12(b) of the Act:  None.  Securities Registered pursuant to Section 12(g) of the Exchange Act:  Common Stock, $.001 par Value  Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  £ Yes  S  No  Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  £ Yes  S  No  Note  checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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.  S Yes  £  No  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulations S-K (§ 229.405 of this chapter) is not contained herein,and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  S  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  Large accelerated filer  £ Accelerated filer  £ Non-accelerated filer  £  (Do not check if a smaller reporting company) Smaller reporting company  S  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  £Yes  SNo  State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrants most recently completed second fiscal quarter:  Our common stock is listed on the Over the Counter   Bulletin Board (OTCBB), under the symbol AMWW.  The aggregate market value (market cap) of the issuers common stock held by non-affiliates at March 31, 2010, is deemed to be $3,710,030 (46,375,375 shares at eight cents per share).  Note.  If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided that the assumptions are set forth in this Form.  APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDING DURING THE PRECEDING FIVE YEARS:  Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  £ Yes  £  No  APPLICABLE ONLY TO CORPORATE REGISTRANTS  Indicate the number of shares outstanding of each of the registrants classes of common stock, as of the latest practicable date:  ClassOutstanding as of March 31, 2010Common Stock, $.001 par value62,272,840  DOCUMENTS INCORPORATED BY REFERENCE  List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).  2    PART I  Item 1.  Description of Business  Forward-Looking Statement Notice  When used in this report, the words may, will, expect, anticipate, continue, estimate, project, intend, and similar expressions are intended to identify forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect the Companys future plans of operations, business strategy, operating results, and financial position.  Persons reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result of various factors.  General  We incorporated in the State of Nevada on March 7, 1996, under the name B & R Ventures, Inc.  On March 28, 1999, we acquired all of the common stock of Enjoy The Game, Inc., a Missouri corporation, and changed our name to EtG Corporation.  On December 17, 2002, we acquired AIMS Worldwide, Inc., incorporated in Nevada on October 7, 2002, as Accurate Integrated Marketing Solutions Worldwide, Inc., to act as the successor to AIMS Group, LLC which was organized in Virginia in November 2001.  As a result of this acquisition, we changed our name to AIMS Worldwide, Inc.  Our principal executive offices are at 10400 Eaton Place, #203, Fairfax, VA 22030.  Our telephone number is 703-621-3875 and our fax number is 703-621-3870.  Our URL is www.AIMSWorldwide.com  Our Business  AIMS Worldwide, Inc. (AIMS or “AIMSTM”) is an integrated marketing services company, providing clients with impactful, cost effective and measurable marketing solutions, resulting in increased sales and customer retention.  AIMS (Accurate Integrated Marketing Solutions) increases accuracy, reduces cost, and improves results of its clients marketing programs, by refocusing traditional mass marketing programs to a more targeted and "One-2-One" relationship with the ideal customer.  The world of marketing services is undergoing revolutionary change with the introduction and application of new digital technologies vs. sole reliance on traditional media and methods.  AIMS differentiation strategy is based on clients need for both traditional and new approaches.  Accordingly, our focus is on bridging the art of marketing with the science of marketing, thereby bringing clients more balanced and impactful solutions.  To further differentiate from the rest of the market, AIMS places intense focus on the Return on Marketing Investment ("ROMITM"), to develop and maintain strong our client relationships.  AIMS is further developing core competencies and accelerating growth by targeting and acquiring marketing services companies that support our strategy and create differentiation.  Going forward, our Company will consist of five operating business groups: AIMS Public Affairs Group, AIMS Public Relations Group, AIMS Local Community Marketing Group, AIMS Interactive Group, and AIMSolutions Consulting.  - AIMS Public Affairs Group, via our IKON Public Affairs Group operating company, concentrates on bringing the best and latest information and ideas from around the United States concerning political candidates, public issues, public policy, public and government advocacy, legislation, appropriation, state and local ballot measures.  This group provides solutions to finding, disseminating, circulating, and marketing information on issues and organizations concerning local, state and national governments at the lowest possible cost.  - AIMS Public Relations Group will concentrate on creating public relations, publicity, promotions, special events, product, and brand placement through various media, networking and promotion channels of earned media for its clients at the lowest possible cost.  - AIMS Local Community Marketing Group, through its operating units BrandStand Group, Inc., Streetfighter Marketing, Inc., and Bill Main and Associates, provides marketing research, strategy, planning, consulting, and training programs that provide cost-effective local community marketing solutions and techniques to clients' marketing initiatives.  - AIMS Interactive Group focuses its activities on using and applying digital technologies for improving program results and ROMITM for AIMS clients.  3     - AIMSolutions Consulting Group focuses on the use and application of the AIMS ROMITM process to provide an audit of the client's existing marketing strategy and plans, marketing research, analysis and reports from which to initiate new marketing strategies, plans, and measurement tools.  AIMSolutions manages this entire process and initiative for its clients, with the goal of delivering clients an increased and measurable return on their investment.  AIMSolutions has undertaken a number of client beta-tests in the ongoing development of its integrated marketing solution process.  Beta-test clients have been in a number of applications industries, including public policy issues, political campaign marketing, consumer electronics, medical and health care, distribution services, consumer package goods, restaurant, food service, and hospitality.  The scope of these industry development activities has established a platform of knowledge, processes, and intellectual properties, and AIMSolutions is entering its going-concern, revenue-driven consulting practice.  In addition to AIMS own core competencies, the Company has developed a number of alliances who bring complementary capabilities, such as, marketing research and advertising services.  Through the combination of companies AIMS has acquired, partnerships it has developed, and the continued development of core competencies through organic growth and acquisition, AIMS will continue to build strength in these five core areas of operations.  Trademarks and Licenses  We hold common law trademarks on AIMSTM, ROMITM, and One-2-OneTM.  AIMSTM is a unique doctrine, process, intellectual property, delivery system and corporate development method integrated into what we believe is a powerful client/customer-centric professional service model.  Our website, www.aimsworldwide.com is the registered internet domain names owned and controlled by AIMS.  Subsidiaries  As part of its corporate development core competency acquisition strategy, AIMS Worldwide, Inc., owns the following subsidiaries:  Harrell Woodcock Linkletter & Vincent, Inc.  On April 15, 2005, AIMS acquired Harrell Woodcock Linkletter & Vincent, Inc., a Florida corporation (HWL&V).  The purchase price for the transaction was 500,000 shares of restricted common stock of AIMS in exchange for all of the issued and outstanding shares of HWL&V in cash and stock.  Included in the transaction were letters of intent issued by HWL&V to two specialty-marketing consulting firms, which AIMSTM subsequently acquired.  Renamed "Harrell, Woodcock, & Linkletter," Company management plans for this subsidiary to be an active strategy, planning and marketing consulting group offering innovative new business and new market development services.  ATB Media, Inc.  On April 19, 2004, we acquired ATB Media, Inc. ("ATB").  ATB was formed to acquire radio broadcast properties and/or invest in companies that had previously acquired radio broadcast properties in small- and medium-sized markets and use innovative techniques and low cost, engineering-driven strategies to upgrade these properties into successful radio stations by relocating such properties to larger markets, increasing authorized power and/or authorized hours of operation.  ATB owns rights to receive income participation from one or more radio stations and other businesses.  The merger has been recorded at book value because the companies were under common control.  ATB currently owns a 40% participating interest in Radio Station KCAA in Loma Linda/San Bernardino, Calif., and owns rights to receive income participation from one or more radio stations if and when acquired.  KCAA operates in a 24-hour broadcast cycle.  On March 19, 2008, station management received approval from the FCC for a construction permit that would allow station management to expand the current facility to support daytime broadcasts at 10,000 watts.   4    On November 13, 2009, Christopher Noble and Angela Phillips, the only two secured creditors of ATB Media, Inc., filed suit in the United States District Court for the District of Idaho (the Complaint).  The Complaint alleges that ATB is in default under the terms of two promissory notes dated December 31, 1999, each in the amount of $500,000 in favor of Plaintiffs (the Noble/Phillips Indebtedness).  The prayer for relief in the Complaint requests entry of judgment in favor of Plaintiffs for unpaid principal and interest in the aggregate amount of $3,723,088.14, plus per diem interest from and after November 13, 2009 in the aggregate amount of $1,535.44, attorneys fees in the aggregate amount of $4,000 (if judgment is entered by default), and a decree for the judicial sale of the ATB Collateral.  The ATB Collateral consists of all of the assets of ATB.  The Company does not intend to contest the entry of the default judgment.  As a result, the Company expects that judgment will be entered for Plaintiffs as requested in the Complaint, and that Plaintiffs will accede to ownership of all of the assets of ATB.  The Company does not believe it has any outstanding exposure with respect to the Noble/Phillips Indebtedness (none has been alleged) and, that upon entry of the default judgment, and consummation of related foreclosure proceedings, the Noble/Phillips Indebtedness will have been satisfied, at which point ATB will recognize a gain resulting from the foreclosure sale.  Streetfighter Marketing, Inc.  On October 24, 2006, the Company entered an agreement with the shareholders of Streetfighter Marketing, Inc. (d/b/a Street Fighter Marketing), whereby the Company acquired 100% of the issued and outstanding stock of Streetfighter in exchange for 722,222 shares of the Companys restricted common stock in a transaction valued at $650,000.  The agreement required the Company to enter into employment agreements with two Streetfighter employees.  Streetfigher Marketing, Inc., headquartered in Gahanna, Ohio, specializes in speaking, motivation, publishing, and training businesses how to market, promote, and increase sales on a shoestring budget.  The Streetfighter client list includes AT&T, American Express, Walt Disney, Pizza Hut, Honda, Sony, Goodyear, Marvel Comics, The City of Dallas, the State of Arkansas, the Country of India, and Sylvan Learning Centers.  Bill Main and Associates  On May 16, 2007, the Company completed the purchase of Barbara Overhoff, Inc., d/b/a Bill Main and Associates, in Chico, Calif.  Total AIMS Worldwide, Inc., payment was 850,000 shares of restricted common stock and $175,000 in cash.  Bill Main and Associates is a leading strategy, planning, publishing, and consulting firm in the restaurant, food service, and hospitality industry.  A published author and noted speaker, Chairman Tucker W. Bill Main is a recognized authority in restaurant marketing, operations, and management.  He is a former President of the California Restaurant Association.  In addition, the Company, its management and employees worked jointly and in cooperation with BrandStand Group, Inc., in the food services, hospitality and restaurant industries seeking opportunities and client development.  Target America, Inc.  Acquired July 26, 2007, with a base in Fairfax, Va., and offices in Indianapolis and Chicago, Target America, Inc., was founded in 1995 under the laws of the Commonwealth of Virginia to meet the rapidly changing needs of not-for-profit, charity, and philanthropy fundraising professionals.  The Company is a constant innovator in the field of contributor and donor prospect research, developing and launching a completely online prospect screening service in 2003.  Target America continues to upgrade and develop this tool, which now includes a wide range of services from automated Internet research and Target Tiger, and internet search engine, to an integrated management system to serve not only the not-for profit community, but business, commerce database profiles, retail, and financial institutions as well.  IKON Public Affairs Group, LLC  On July 26, 2007, AIMS Worldwide, Inc., acquired 55% of IKON Public Affairs Group, LLC ("IPAG"), a limited liability company formed under the laws of Delaware.  Post-closing, IPAG, through its offices in Washington, D.C., area and Denver, continues the business previously conducted by IKON Holdings, Inc., providing consulting services in connection with political campaigns and public and government advocacy.  Management of AIMS determined, while evaluating this potential acquisition, that the primary value to be acquired was the value of the customer list and services of the two principals, including the reputation and work product and methods of those individuals.  BrandStand Group Inc.  On June 26, 2009, the Company completed the acquisition of the common stock of BrandStand Group, Inc.  Consideration of the acquisition was 1,600,000 shares of AIMS common stock, a one year note payable in the amount of $400,000 and a cash payment of $400,000, of which $50,000 had previously been placed on deposit.   5    BrandStand Group, Inc. is a premier provider of restaurant brand positioning, management and communication strategies, helping restaurant and food service owners and franchisees to develop and differentiate their brand, assisting them to align and deliver their brand promise and helping them in communicating their message.  BrandStand Group, Inc. clients include national and regional accounts such as Silver Diner, Burger King, Schlotzskys and Z-Pizza.  BrandStand researched, developed, and utilizes a scientific approach to build client retail establishment traffic, new customer trial, customer frequency and loyal customer sales and revenues.  BrandStand Group applies a scientific methodology to build client customers and revenues at the lowest possible cost.  Its use of science on a micro basis parallels the model that AIMS Worldwide developed and applies to the marketing paradigm.  It is for this micro-to-macro perspective that AIMS Worldwide acquired BrandStand Group.  Competition  Marketing and Media services in various forms are some of the most competitive segments of business, commerce and enterprise management.  With the introduction, changes, and dynamics caused by online/ interactive digital communication technologies to the traditional/offline communications mediums (broadcast, satellite cast, print, post, and telephone) the marketing landscape has become one of the most competitive in the world.  Our internal research indicates that an estimated $1 trillion plus is spent worldwide annually on the full range of marketing, marketing communications, marketing services, media, and delivery systems.  This is a massive, diverse, and fragmented service industry.  As such, globally there can be little doubt as to the competition in the marketing services space in which the leading companies, agencies, and firms are better established, positioned, branded, staffed and capitalized than our Company.  AIMS management has undertaken comprehensive industry research including evaluation of the full scope of marketing services including, but not limited to, advertising (Top 100), direct marketing (Top 20), sales promotion (Top 20), public relations (Top 20), market research (Top 25), digital marketing technologies (Top 100), and marketing support services (Top 200).  Based on our analysis, AIMS believes that traditional media and marketing services, while with far greater financial and human resources than the company, do not currently offer the integrated solutions AIMS provides.  Regulation  Our business is not regulated by any governmental agency and approval from any governmental agency is not required for us to market or sell our products.  However, some of our acquisitions may be subject to regulatory oversight.  For example, the Federal Communications Commission regulates the radio property.  Employees  AIMS Worldwide, Inc., corporate headquarters has five employees, and, including our operating subsidiaries, has a total of approximately twenty-five employees.  We plan to hire additional personnel on an as-needed basis as our operations expand.  As of March 31, 2010, we continued to have no formal employment agreements in place at the corporate level, with the exception of the employment agreement with Thomas W. Cady, who joined the Company in July 2009.  Item 2.  Properties  Our executive offices at 10400 Eaton Place, Suite 203, Fairfax, VA 22030, also serve as offices for ATB Media, Inc., AIMS Interactive, Inc., and Harrell Woodcock and Linkletter.  Our other subsidiaries which have separate offices are located as follows:  Bill Main and Associates has one office located in Chico, Calif.; BrandStand Group has one office in Lewisberry, Penn.; IKON Public Affairs Group has two main offices, one located in Arlington, Va., and the other in Denver; Streetfighter Marketing, Inc., has one office located in Gahanna, Ohio; and Target America had its base office in Fairfax, Va., and another location in Indianapolis.  The Company does not own any real property; all offices are leased.  Item 3.  Legal Proceedings.  Jose R. Trujillo v. Michael L. Foudy, AIMS Worldwide, Inc., American Institute for Full Employment, The Committee for Good Common Sense, et al., in the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida, case No. 502005CA005603XXXXMB, affadavit filed December 9, 2005.  In this case, an individual in Florida named Jose Trujillo sued several corporations and individuals, including AIMS, alleging breach of contract.  AIMS management disputes that it should be a party to this suit because Mr. Foudy did not have the authority to bind the Company to any agreement.  Management expects this legal matter to be settled as no activity has occurred in more than a year.  6     The case is being handled by the following local Florida counsel:  Carl A. Cascio, Esquire, Carl A. Cascio, P.A., 525 N.E. Third Avenue, #102, Delray Beach, Florida 33444.  Phone is 561-274-7473.  561-274-8305 is facsimile; e-mail: casciolw@bellsouth.net.  On November 13, 2009, Christopher Noble and Angela Phillips, the only two secured creditors of ATB Media, Inc. (ATB), the Companys wholly-owned subsidiary, filed suit in the United States District Court for the District of Idaho (the Complaint).  The Complaint alleges that ATB is in default under the terms of two promissory notes dated December 31, 1999, each in the amount of $500,000 in favor of Plaintiffs (the Noble/Phillips Indebtedness).  The prayer for relief in the Complaint requests entry of judgment in favor of Plaintiffs for unpaid principal and interest in the aggregate amount of $3,723,088.14, plus per diem interest from and after November 13, 2009 in the aggregate amount of $1,535.44, attorneys fees in the aggregate amount of $4,000 (if judgment is entered by default), and a decree for the judicial sale of the ATB Collateral.  The ATB Collateral consists of all of the assets of ATB.  The Company does not intend to contest the entry of the default judgment.  As a result, the Company expects that judgment will be entered for Plaintiffs as requested in the Complaint, and that Plaintiffs will accede to ownership of all of the assets of ATB.  The Company does not believe it has any outstanding exposure with respect to the Noble/Phillips Indebtedness (none has been alleged) and, that upon entry of the default judgment, and consummation of related foreclosure proceedings, the Noble/Phillips Indebtedness will have been satisfied, at which point ATB will recognize a gain resulting from the foreclosure sale.  Item 4.  Submission of Matters to a Vote of Security Holders  None.  PART II  Item 5.  Market for Registrants Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.  Our common stock is listed on the Over the Counter Bulletin Board under the symbol AMWW.  On March 31, 2010, there were 435 shareholders of record holding 62,272,840 shares of common stock.  Holders of the common stock have no preemptive rights and no right to convert their common stock into any other securities.  There are no redemption or sinking fund provisions applicable to the common stock.  The following table shows the highs and lows of the closing bid and ask on the Companys stock for the previous two years.    Closing Bid Closing Ask 2008 High Low High Low Jan. 2 thru March 31 .25 .16 .30 .20 April 1 thru June 30 .30 .17 .65 .20 July 1 thru Sept. 30 .35 .05 .55 .10 Oct. 1 thru Dec. 31 .12 .04 .30 .08     Closing Bid Closing Ask 2009 High Low High Low Jan. 2 thru March 31 .10 .055 .21 .08 April 1 thru June 30 .22 .05 .55 .15 July 1 thru Sept. 30 .30 .10 .55 .15 Oct. 1 thru Dec. 31 .15 .07 .165 .10   The above quotations, as provided by Pink Sheets, LLC, represent prices between dealers and do not include retail markup, markdown, or commission.  In addition, these quotations do not represent actual transactions.  We have not paid or declared any dividends since inception and do not intend to declare any such dividends in the foreseeable future.  Our ability to pay dividends is subject to limitations imposed by Nevada law.  Under Nevada law, dividends may be paid to the extent that a corporations assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business.  Recent Sales of Unregistered Securities  During 2009, we issued 1,992,500 shares of common stock as part of acquisition purchases, 484,277 shares for cash, 11,884,037 shares for services, 475,000 shares to guarantee loans, and 816,406 for debt extinguishment.  7     During 2008, we issued 6,161,111 shares of common stock for total proceeds of $1,085,700.  In addition we issued 263,090 shares of common stock for services valued at $112,738 and we issued 1,120,503 shares of common stock valued at $89,640 to participants in IKON's campaign media buying program.  The shares issued were recorded at fair value based on the market price on the date of the grant.  At December 31, 2008, stock subscriptions totaling $252,500 remained receivable.  The Company relied on an exemption from registration pursuant to Section 4.2 of the Securities Act and Regulation D, Rule 506 to effect the transaction.  There were no commissions paid and the value of the transaction was determined by the Board of Directors.  Common Stock  Unless otherwise noted, common shares were sold in private transactions and issued in reliance of the exemption provided by Section 4(2) of the Securities Act of 1933.  The transactions do not involve any public offering or broker and no commissions were paid on the transaction.  Item 7.  Managements Discussion and Analysis of Financial Condition and Results of Operations.  The managements discussion and analysis should be read in conjunction with the audited financial statements appearing at the end of this report.  Results of Operations for the Years Ended December 31, 2009 and 2008  We generated corporate-wide revenue of $5,721,503 in 2009 and revenue of $13,963,060 in 2008.  None of the revenue generated in 2009 or 2008 was from related party transactions.  General and administrative operating expenses including cost of goods sold for the year ended December 31, 2009, were $7,169,588 compared to $14,850,934 in 2008.  ATB Media, Inc., interest expense booked in 2009 is $172,949 to nonrelated party debt holders and $61,342 to related party debt holders but recognized a gain of $71,992 from renegotiation of principal and interest debt to a related party.  ATB Media, Inc., interest expense booked in 2008 is $176,050 to nonrelated party debt holders and $61,510 to related party debt holders.  It is anticipated that once the judgment is rendered (See Item #1, Subsidiaries, ATB Media, Inc.) and other debt is reduced via negotiation with remaining debt holders ATB will recognize a significant Gain on Settlement of Debt(s).  For the year ending December 31, 2009, we had an operating loss of $1,448,085 compared to $1,274,507 in 2008.  The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) results for the Company in 2009 are ($972,018) as compared to ($464,160) in 2008.  2009 results breakdown per market segment as follows:  AIMS Public Affairs Group  AIMS Worldwide, Inc., Public Affairs Group consists of IKON Public Affairs Group, LLC.  This segment generated $3,372,576 in revenue during 2009 and net income of ($799,199).  This segment generated $11,488,888 in revenue during 2008 and net income of ($97,448).  The year-over-year decline in results is due to IKONs bifurcation business model that leads to swings in revenue between election and non-election years, making our financial performance cyclical.  Therefore, it is best analyzed by examining a two-year cycle.  IKON Public Affairs Group ("IPAG") is a public issues, public policy, government affairs, lobbying, and political campaign firm that brings the best and latest information and ideas from around the United States concerning political candidates, public issues, public policy, public and government advocacy, legislation, appropriation, state and local ballot measures.  This group provides solutions to finding, disseminating, circulating, and marketing information on issues and organizations concerning local, state and national governments at the lowest possible cost.  Also, it is a political consulting firm that seeks to aid its clients in winning elections  whether the election of candidates to office or the passage of initiative and referenda in the states.  Uniquely, IKON does both and has a track record of success with both.   8    In the 2008 Presidential election year, IPAG created a new product  Campaign Media Buying Services  which proved to be a significant source of new revenues.  In the second quarter of 2008 and in preparation for the national campaign season IPAG undertook political issue, political referendum, and political interest group (527s) research.  IPAG developed a unique media arbitrage strategy whereby advanced political issue media, primarily television broadcast, could be purchased, inventoried, and resold on behalf of interested clients.  IPAG intends to continue its CMBS practice in 2010 and anticipates generating significant revenue from this initiative.  With respect to IPAGs public affairs practice, 2009 continued to show solid foundation; the election of President Obama, with his extensive agenda of proposed legislation, budget, and appropriations in areas including healthcare, environment, education, and energy, fueled revenue initiatives and sustained its annual book of business.  In addition, 2009, by contrast, was a non-election year.  Despite the national economic downturn, IKON's lobbying practice remained strong fueled because of the legislative debate over healthcare reform.  IKON's revenue of approximately $3.2 million, while substantially and predictably smaller than 2008 revenue, was quite strong for our lobbying practice. In view of overall economic conditions, IKON also took significant steps in 2009 to reduce expenses.  AIMS Public Relations Group  We have not yet activated our Public Relations segment.  AIMS Local Community Marketing Group  AIMS Worldwide, Inc., Local Community Marketing Group consists of BrandStand Group, Inc., Streetfighter Marketing, Inc., Bill Main and Associates, and Harrell, Woodcock, and Linkletter.  In 2009 the segment generated $1,277,201 in revenue and ($288,866) in net income.  This segment generated $839,216 in revenue during 2008 and net income of ($8,864).  $917,649 of that revenue and ($100,618) of net income were attributed to BrandStand's operations which were added to the group no June 27, 2009.  BrandStand Marketing Group (BSG) reported Costs of Sales for the period June 27, 2009, to December 31, 2009 to be 67% of revenue, yielding a gross margin of 33%.  G&A Expense totaled $402,688 for the period.  G&A expense was approximately $100,000 above desired levels due to charges related to the AIMS transaction.  G&A also was impacted because of added investment for management and business development in the joint effort with Bill Main and Associates.  AIMS Worldwide completed the acquisition of 100% of the stock of BrandStand Marketing Group (BSG) on June 26, 2009.  The seller, Timothy Cusick, remained as Founder & CEO after the transaction and all staff was retained.  Chris Petersen was named President and began a planned, five-month transition period on July 6, 2009.  The company initiated business development growth activities in August with the objectives of current client retention and new client development.  As of December 31, 2009, 100% of BrandStand clients were successfully renewed for 2010 annual engagement.  The company relocated to new office space in the Harrisburg, Penn., area in October 2009.  On December 1, 2009, Chris Petersen assumed day-to-day management responsibility for the company at the completion of the planned transition phase.  Timothy Cusick continued as Founder & CEO, focused on client strategy.  Street Fighter Marketing, Inc. had significant sales declines in 2009 versus the previous year in both speaking revenues and consulting revenues.  Gross profit totaled nearly half of the previous year.  In 2009 many clients cut back on events and conventions and use of professional speakers.  Also Sylvan Learning, which had been our biggest project at that time, terminated its contract. This reduced expected sales by half.  A bright spot in 2009 was a significant increase in book sales as a result of a keynote speech at Focus Brands.  Despite these 2009 setbacks, Streetfighter management anticipates growth in 2010; the firm has begun a new project with Focus Brands.  Bookings for speaking are slow, but other projects are expected in 2010.  In 2009, because of the national economic factors in general and the impact on the food services industry in particular, Bill Main and Associates management continued its practice of downsizing its operations and implemented cost reduction programs.  In addition, management and employees worked jointly and in cooperation with BrandStand Group, Inc., in the food services, hospitality, and restaurant industries seeking opportunities and client development.   9    AIMS Interactive Group  AIMS Worldwide, Inc., Interactive Group consists of AIMS Interactive, Inc., and Target America, Inc.  This segment generated $889,841 in revenue during 2009 and net income of $18,466.  This segment generated $1,405,419 in revenue during 2008 and net income of $74,367.  Simplex Healthcare, LA College, Medx Publishing, B2 Insights, and Detroit Trading purchased the Companys lead management solution, Lead Optimizer.  This software-as-a-solution (SAAS) program captures, scrubs, validates, verifies, scores, and assigns web leads to sales agents and clients for conversion and re-marketing programs.  The Company also has built lead conversion and customer retention models for clients that drive down clients cost per acquisition and increase the lifetime value of their customers.  Since the Company charges clients on a per transaction basis, its cost structure is also based on a per transaction basis.  The Lead Optimizer solution carries a 50% cost of good sold, including software, support, and data charges.  This rate should drop as the Company signs up more customers and realizes economies of scale.  Target America, Inc, after ending 2008 with the highest sales totals in the companys history, suffered through a downturn in 2009 because of the national economy and its effect on the nonprofit segment.  In the rapidly changing needs of fundraising professionals, Target America products have been reliable solutions in the nonprofit world.  Nonprofit organizations were beginning to see a decline in giving by the end of 2008, which carried into 2009, severely impacting Target Americas results.  Target America saw growth in the area of healthcare philanthropy in 2008, and renewals in this segment of the business had positive results in 2009, a time when other segments decreased significantly.  AIMSolutions Consulting Group  AIMS Worldwide, Inc., AIMSolutions Consulting Group consists of AIMSolutions Consulting and ATB Media, Inc.  In 2009 this segment generated $222,467 in revenue and ($140,422) in net income.  In 2008 we generated $229,897 in revenue from AIMSolutions clients and a gross profit of $153,418 for this product category.  In 2009, AIMSolutions launched new client engagements through its beta marketing program that allows customers to experience the potential ROI prior to committing a portion of its marketing budget to the Company.  Additionally, the Company launched a performance-based marketing solution for organic search, email marketing, and per inquiry direct response television solutions to drive lower cost per acquisition for seven beta customers.  Many of these clients expect to convert into long-term clients in 2010.  Sample beta customers included Luuvee, Young Money, ActiveCare, Kleinerts, Simplex Healthcare, Social Security Foundation, Consumers Choice Awards, and Fearless Concversation.  For these beta customers, AIMSolutions created a performance-based revenue model to help build a foundation of customers who share a need to drive customers in digital areas.  In 2008 the revenues for this consulting group were generated mainly through contracts with Times Grill Restaurant Group, an operator and a franchisee with three units in Jacksonville, Fla., two units in Baton Rouge, La., one unit in Mandeville, La., and one unit in Pensacola, Fla., and with BestLine International research, a synthetic micro lubricant consumer products company in New York state.  ATB Media, Inc. generated $-0- revenue during 2009 and 2008.  Net income at December 31, 2009, for ATB Media was ($173,067).  Net income at December 31, 2008, for ATB Media was ($238,288).  The activity associated with ATB Media is related to our interest in KCAA-AM Radio Station in Loma Linda/San Bernardino, Calif.  ATB Media owns 40% participating interest in the station. AIMS and Broadcast Management Systems ("BMS") of Houston, the majority interest owner of the radio station, agreed to sell ATB Media and its associated holdings in KCAA-AM, but has not been successful in securing a buyer.   10    On November 13, 2009, Christopher Noble and Angela Phillips, the only two secured creditors of ATB Media, Inc. (ATB), the Companys wholly-owned subsidiary, filed suit in the United States District Court for the District of Idaho (the Complaint).  The Complaint alleges that ATB is in default under the terms of two promissory notes dated December 31, 1999, each in the amount of $500,000 in favor of Plaintiffs (the Noble/Phillips Indebtedness).  The prayer for relief in the Complaint requests entry of judgment in favor of Plaintiffs for unpaid principal and interest in the aggregate amount of $3,723,088.14, plus per diem interest from and after November 13, 2009 in the aggregate amount of $1,535.44, attorneys fees in the aggregate amount of $4,000 (if judgment is entered by default), and a decree for the judicial sale of the ATB Collateral.  The ATB Collateral consists of all of the assets of ATB.  The Company does not intend to contest the entry of the default judgment.  As a result, the Company expects that judgment will be entered for Plaintiffs as requested in the Complaint, and that Plaintiffs will accede to ownership of all of the assets of ATB.  The Company does not believe it has any outstanding exposure with respect to the Noble/Phillips Indebtedness (none has been alleged) and, that upon entry of the default judgment, and consummation of related foreclosure proceedings, the Noble/Phillips Indebtedness will have been satisfied, at which point ATB will recognize a gain resulting from the foreclosure sale.  The Company has also held discussions with the principal holders of additional indebtedness of ATB.  These discussions have led to an agreement in principal calling for a cash payment in the aggregate amount of $500,000 and issuance of Company common stock in an amount calculated to return the remainder of the indebtedness in the approximate amount of $2,352,979 to these holders at an exchange rate of $1.00 for $1.00 of Company stock.  The payment of the $500,000, and the value for the Companys common stock to be issued, are each deferred until such time as the Company is able to achieve a substantial share issuance, which, as of this date, has not yet been firmly established.  Lastly, on December 31, 2009, ATB and related party debtholder Gerald Garcia, Jr., entered into a Debt Modification and Compromise Agreement pursuant to which Mr. Garcia cancelled ATBs outstanding obligation owed to him in the amount of $71,992.  Most of the expense posted to ATB Media, Inc., during the past two years has been interest on the debt associated with the acquisition.  Critical Accounting Policies, Judgments and Estimates  General  The preparation of our Consolidated Financial Statements and related notes requires us to make judgments, estimates, and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities.  We have based our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.  Actual results may differ from these estimates under different assumptions or conditions.  An accounting policy is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimates that are reasonably likely to occur periodically, could materially impact the financial statements.  We believe the following critical accounting policies reflect the more significant estimates and assumptions used in the preparation of the Consolidated Financial Statements.  The following descriptions of critical accounting policies, judgments, and estimates should be read in conjunction with our Consolidated Financial Statements and other disclosures included in this report.  Provisions for Doubtful Accounts and Authorized Credits  We are exposed to losses due to uncollectible accounts receivable.  Provisions for these items represent our estimate of actual losses based on our historical experience and are made at the time the related revenue is recognized.  The provision for doubtful accounts is recorded as a charge to operating expense.  Historically, we have had no losses.  However, unexpected or significant future changes in trends could result in a material impact to future statements of income and cash flows.  Legal Contingencies  In connection with certain pending litigation and other claims, we have estimated the range of probable loss and provided for such losses through charges to our income statement.  These estimates have been based on our assessment of the facts and circumstances at each balance sheet date and are subject to change based upon new information and future events.   11    From time to time, we are involved in disputes that arise in the ordinary course of business, and we do not expect this trend to change in the future.  We are currently involved in one legal proceeding as discussed in Item 3: Legal Proceedings.  We believe that we have meritorious defenses to the claims against us.  However, even if successful, our defense against certain actions will be costly and could divert our managements time.  If the plaintiffs were to prevail on certain claims, we might be forced to pay significant damages and licensing fees, modify our business practices or even be prohibited from conducting a significant part of our business.  Any such results could materially harm our business and could result in a material adverse impact on the financial position, results of operations or cash flows of all or any of our segments.  Accounting for Income Taxes  We are required to recognize a provision for income taxes based upon the taxable income and temporary differences for each of the tax jurisdictions in which we operate.  This process requires a calculation of taxes payable and an analysis of temporary differences between the book and tax bases of our assets and liabilities, including various accruals, allowances, depreciation and amortization.  The tax effect of these temporary differences and the estimated tax benefit from our tax net operating losses are reported as deferred tax assets and liabilities in our consolidated balance sheet.  We also assess the likelihood that our net deferred tax assets will be realized from future taxable income.  To the extent we believe that it is more likely than not that some portion, or all of, the deferred tax asset will not be realized, we establish a valuation allowance.  To the extent we establish a valuation allowance or change the allowance in a period, we reflect the change with a corresponding increase or decrease in our tax provision in our income statement.  Historically, these provisions have adequately provided for our actual income tax liabilities.  However, unexpected or significant future changes in trends could result in a material impact to future statements of income and cash flows.  Asset Impairments  We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  An asset is considered impaired if its carrying amount exceeds the future net cash flow the asset is expected to generate.  If an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair market value.  We assess the recoverability of our long-lived and intangible assets by determining whether the unamortized balances can be recovered through undiscounted future net cash flows of the related assets.  The amount of impairment, if any, is measured based on projected discounted future net cash flows.  Impairment estimates have been based on our assessment of the facts and circumstances at each balance sheet date and are subject to change based upon new information and future events.  Liquidity and Capital Resources.  Risk Factors  We have incurred losses since inception and may incur future losses.  We incurred operating losses of $1,567,814 in 2009.  We do not expect to have consistent profitable operations until 2010 and we cannot assure that we will ever achieve or attain profitability.  If we cannot achieve operating profitability, we will not be able to meet our working capital requirements, which would have a material adverse effect on our business and impair our ability to continue as a going concern.  We will encounter risks and difficulties frequently encountered by early-stage companies.  Some of these risks include the need to:  - attract new AIMSolutions marketing clients and maintain current client relationships, - offer competitive pricing, - maintain and expand our network of advertising space through which we deliver the advertising component of our AIMSolutions, - achieve marketing solution campaign results that meet our clients objectives, - identify, attract, retain, and motivate qualified personnel, - successfully implement our organic and acquisition business model, - manage our expanding operations, and - maintain our reputation and build trust with our clients. - locate, negotiate, and assimilate core competency acquisitions - attract and package the appropriate corporate finance and investment capital to underwrite our core competency acquisition corporate development.   12    AIMSolutions  Because AIMSolutions (our consulting service offered at the corporate level) client contracts generally can be cancelled by the client with little or no notice or penalty in accordance with the terms and conditions specified in the professional consulting service contract, the termination of one or more large contracts could result in an immediate decline in our revenues.  Harrell, Woodcock, and Linkletter  Although Harrell, Woodcock, and Linkletter has no current on-going operation, we may ultimately get no return on our investment due to lack of acquisitions even though the Company has acquired in this core competency platform Bill Main and Associates and Street Fighter Marketing.  We must introduce new products and services to grow our business.  Our success depends on our ability to develop and introduce new services that address our clients changing demands.  Any new products or services that we develop will have a high degree of risk and need to meet the requirements of our current and prospective clients and may not achieve significant market acceptance.  The introduction of new products and services by our competitors, and the emergence of new industry standards, could render our existing products and services obsolete and unmarketable or require unanticipated investments in research and development.  If revenues generated from the use of our technologies do not cover these development costs, our operating results could be adversely affected.  Our failure to protect our intellectual property rights could diminish the value of our services, weaken our competitive position, and reduce our revenues.  Our success depends in large part on our proprietary rights.  In addition, we believe that our service marks and trademarks are key to identifying and differentiating our products and services from those of our competitors.  We rely on a combination of copyright, patent, trademark and trade secret laws, confidentiality procedures and licensing arrangements to establish and protect our proprietary rights.  These steps taken by us to protect our intellectual property may not prevent misappropriation of our technology or deter independent third-party development of similar technologies.  Our intellectual property currently includes AIMS (Accurate Integrated Marketing Solutions) One-2-One, referring to one to one marketing relationship in that the trade expression provides a stepped-up marketing power to the number 2, strengthening our clients relationship with their customers, end-users, households and communities.  Also included is our trademark ROMI, our trade expression providing out clients with a measurable, accountable return on their marketing dollars which are invested in building sales and revenues.  If we do not retain our senior management and key employees, we may not be able to achieve our business objectives.  Our future success is substantially dependent on the continued service of our senior management and other key employees, particularly Gerald Garcia, Jr., our Chairman and Chief Executive Officer, Thomas W. Cady, our President and Chief Operating Officer, and Patrick J. Summers, our Chief Financial Officer and Recording Secretary.  We may be unable to retain existing management, technical, sales and client support personnel that are critical to our success, resulting in harm to key client relationships, loss of key information, expertise or know-how and unanticipated recruitment and training costs.  The loss of the services of our senior management or other key employees could make it more difficult to successfully operate our business and pursue our business goals.  We expect to pursue acquisitions or other investments, which may require significant resources and may be unsuccessful.  Part of our business strategy is to acquire or make investments in other businesses, or acquire products and technologies, to complement our current business.  Any future acquisition or investment may require us to use significant amounts of cash, issue potentially dilutive equity securities, or incur debt.  We may not be able to identify, negotiate, or finance any future acquisition successfully.  Even if we do succeed in acquiring a business, product, or technology, we have limited experience in integrating an acquisition into our business.  Acquisitions involve several risks, any of which could disrupt our business and reduce the likelihood that we will receive the expected benefits of the acquisition, including:  - difficulties in integrating the operations, technologies, services and personnel of acquired businesses, - ineffectiveness or incompatibility of acquired technologies or services, - diversion of managements attention from other business concerns, - unavailability of favorable financing for future acquisitions, - potential loss of key employees of acquired businesses, - inability to maintain the key business relationships and the reputations of acquired businesses,  13     - responsibility for liabilities of acquired businesses, and - increased fixed costs.  We may need additional financing in the future, which may not be available on favorable terms, if at all.  We may need additional funds to finance our operations, as well as to enhance our services, fund our expansion, respond to competitive pressures or acquire complementary businesses or technologies.  However, our business may not generate the cash needed to finance such requirements.  If we raise additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our existing shareholders would be reduced, and these securities may have rights, preferences or privileges senior to those of our common stock.  If adequate funds are not available or are not available on acceptable terms, our ability to enhance our services, fund our expansion, respond to competitive pressures or take advantage of business opportunities would be significantly limited, and we might need to significantly restrict our operations.  Item 8. Financial Statements and Supplementary Data.  The financial statements of the Company appear at the end of this report beginning with the Index to Financial Statements.  Item 9.  Changes In and Disagreements With Accountants on Accounting and Financial Disclosure  None.  Item 9A(T).  Controls and Procedures  Evaluation of Disclosure Controls and Procedures  We conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2008, and these weaknesses continue to December 31, 2009.  The evaluation was conducted under the supervision and with the participation of management, including our chief executive officer and chief financial officer.  Disclosure controls and procedures mean our controls and other procedures that are designed to ensure that information required to be disclosed in the 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 SEC rules and forms.  Disclosure controls and procedures are also designed to provide reasonable assurance that such information is accumulated and communicated to our management, including the chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.  Our quarterly evaluation of disclosure controls and procedures includes an evaluation of some components of our internal control over financial reporting, and internal control over financial reporting is also separately evaluated on an annual basis for purposes of providing the management report that is set forth below.  The evaluation of our disclosure controls and procedures included a review of their objectives and design, our implementation of the controls, and the effect of the controls on the information generated for use in this Form 10-KSB.  In the course of the controls evaluation, we sought to identify any past instances of data errors, control problems, or acts of fraud and sought to confirm that appropriate corrective actions, including process improvements, were being undertaken.  This evaluation is performed on a quarterly basis so that the conclusions of management, including the chief executive officer and chief financial officer, concerning the effectiveness of our disclosure controls and procedures can be reported in our periodic reports.  Our chief executive officer and chief financial officer have concluded, based on the evaluation of the effectiveness of the disclosure controls and procedures by our management, that as of December 31, 2008, our disclosure controls and procedures were not effective due to the material weaknesses described in Managements Report on Internal Control over Financial Reporting below.  Managements Report on Internal Control over Financial Reporting  Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act.  Internal control over financial reporting is a process designed by, or under the supervision of, our principal executive and principal financial officers, or persons performing similar functions, and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  Internal control over financial reporting includes those policies and procedures that:  14      a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets;  b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the board of directors; and  c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of assets that could have a material effect on the financial statements.  Because of their inherent limitations, any system of internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  Our management, including the chief executive officer and chief financial officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2008, based on the framework defined in Internal Control  Integrated Frameworkissued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).  Material Weaknesses  The following, as reported on our December 31, 2008, SEC Form 10-K, remains as of December 31 2009:  Based on our evaluation under COSO, management concluded that our internal control over financial reporting was not effective as of December 31, 2008, due to control deficiencies in three areas that we believe should be considered material weaknesses.  A material weakness is defined within the Public Company Accounting Oversight Board's Auditing Standard No. 5 as a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.  1) The company did not sufficiently segregate duties over incompatible functions.  The companys inability to sufficiently segregate duties is due to a lack of accounting staff.  Further, management has increased the frequency of independent reconciliations of significant accounts, which mitigates the lack of segregation of duties until the accounting department is fully staffed.  Also, during 2008, the CFO has also been the Controller for the subsidiaries, which has increased the level of control over the accounting function.  However, this also increased the concentration of risk that a material misstatement of the financial statements will not be prevented or detected due to the lack of segregation of duties.  2) In conjunction with the lack of segregation of duties, the company did not institute specific anti-fraud controls.  While management found no evidence of fraudulent activity, the chief accounting officer has access to both accounting records and corporate assets, principally the operating bank account.  Management believes this exposure to fraudulent activity is not material either to the operations of the company or to the financial reporting; however, management has instituted Key Controls specifically designed to prevent and detecton a timely basisany potential loss due to fraudulent activity.  Further, the nature of the autonomous subsidiaries is such that the subsidiaries management may fail to report accurately and timely significant transactions.  15     The CEO and CFO have been working with the subsidiaries more closely and continue to integrate a review and approval process to mitigate the possibility that transactions may go unreported.  3) The subsidiaries accounting staff lack the depth of accounting education and knowledge to properly apply Generally Accepted Accounting Principles.  As stated above, the CFOs duties have increased in respect to the direct supervision of the subsidiaries accounting staff, which management believes is sufficient to mitigate the lack of expertise to properly apply GAAP.  This Key Control will be strengthened when the accounting function is fully staffed.  Limitations on Effectiveness of Controls and Procedures  Our management, including our chief executive officer and chief financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error and all fraud.  A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.  Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs.  Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.  These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.  Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.  The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.  This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting.  Managements report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only managements report in this annual report.  Item 9B.  Other Information  Other than set forth herein, there are no further disclosures.  During 2009 the Company received additional capital from the following related parties:  Christine Garcia $83,500 Charles Brunie $200,000 Thomas W. Cady $62,500  During January 2009 the Company was loaned $125,000 from FG Investments, LLC, at an annual interest rate of 18% and warrants for 100,000 shares of the Company's common stock at $.352 (35.2 cents) per share.  The Agreement was amended in July 2009 when the Company received an additional $6,250.  The Agreement was amended again in November 2009 when the Company received an additional $9,000.  In January 2010 the Company agreed to a Third Amendment when FG Investments, LLC, loaned the Company an additional $6,618; in this amendment the Company agreed to an origination fee of $7,623 and warrants to purchase 152,000 shares of the Company's common stock at $.352 (35.2 cents) per share.  During Summer 2009 the Company renegotiated the debt to Margaret Thomson to a cash balance due of $-0-.  She received 816,406 shares of common stock and warrants for an additional 500,000 shares at $.60 (60 cents) per share as part of the settlement.  In August 2009 the Company renegotiated certain previously existing terms with FG Investments, LLC / James P. Gregory; those terms include issuing a total of 82,344 Series B Preferred shares and warrants for 1,406,250 Series B Preferred shares ; however, those shares have not been issued/documented as per agreement with both parties as the Company is awaiting the anticipated cancellation of the Liberty Growth Fund interest in the Company due to possible lack of fulfillment of the agreement by Liberty.  16     During Fall 2009 the Company renegotiated debt to William Tucker Main to reduce the cash balance due to him as December 31, 2009 to $20,000 plus $1,148 in interest.  He will receive 150,000 shares of common stock as part of the settlement.  During Fall 2009 the Company renegotiated an agreement with Barbara Geshekter in which she received/will receive 135,000 shares of common stock.   During Fall 2009 the Company negotiated an agreement with Jeff Slutsky in which he received/will receive 165,000 shares of common stock.  During Fall 2009 the Company negotiated an agreement with Marc Slutsky in which he received/will receive 85,000 shares of common stock.  In December 2009 the Company signed a Promissory note to FG Investments, LLC, in exchange for $120,000 at an annual interest rate of 18%. In addition, the Lender received warrants for 120,000 shares of the Company's common stock at $.352 (35.2 cents) per share, and will receive an origination fee of $12,000 at maturity.  On December 19, 2008, shareholder Margaret Thomson provided the Company a $50,000 loan due within 120 days, bearing an interest rate of 11.25% with an additional bonus payment in the amount of 5% of the principal.  PART III  Item 10.  Directors, Executive Officers and Corporate Governance.  On July 23, 2009, the Company accepted the resignation of B. Joseph Vincent from the Board of Directors.  Mr. Vincent has been named chair emeritus and chief strategist of the Company and will focus on strategy and core competency merger and acquisition development.  Also on July 23, 2009, Mr. Gerald Garcia, Jr., was named Chairman of the Board of Directors.  Mr. Garcia resigned as President but remains as Chief Executive Officer with a mandate to strengthen technologies, management systems, planning, reporting, and compliance along with executive leadership and organizational development.  Effective July 23, 2009, Mr. Thomas W. Cady, a director of the Company, was appointed to serve as the new President and Chief Operating Officer.  Mr. Cady focuses on operations, operational efficiency, assimilation, cross-core competency company leverage, quality, and growth.  The following table sets forth the name, age, position and office term of each executive officer and director of the Company.  Name Age Position Since Gerald Garcia Jr. 66 Chief Executive Officer and Chairman 2002 Patrick J. Summers 54 Chief Financial Officer and Recording Secretary 2003 Thomas W. Cady 55 Chief Operating Officer and President 2007 Theodore L. Innes 60 Director 2007 Herbert I. London 71 Director 2007  Following is a summary of the business experience of our officers and directors:  Gerald Garcia Jr., Chairman and CEO.  Mr. Garcia has been with AIMS since inception in October 7, 2002.  In December of 2000, Mr. Garcia became Chief Operating Officer of Gregory Welteroth Advertising in Montoursville, Pennsylvania, and served as President of that company since June of 2001.  Previously, Mr. Garcia was editor of the San Bernardino County Sun newspaper from September 1999 to May 2000.  From 1995 to 1999, Mr. Garcia served as President and CEO of Heartland Capital Corp. in McLean, Virginia.  Mr. Garcia has more than 40 years experience in advertising and newspaper publishing and has worked in various capacities for several newspapers including the Houston Post, the Los Angeles Daily News, the Kansas City Star and the Knoxville Journal.  In 2005 Mr. Garcia was honored by National Association of Hispanic Journalists, of which he was a founder and the founding president, by induction into the NAHJ Hall of Fame.   17    Thomas W. Cady, President and Chief Operating Officer.  Mr. Cady, a senior executive with an extensive background in the information technology industry, currently serves as President and Chief Operating Officer of AIMS Worldwide, Inc., and Chairman of AIMS Interactive.  He has in-depth general management experience, with expertise in marketing and sales leadership developed over twenty-seven years in both corporate and entrepreneurial environments.  His career began with a strong foundation built at Xerox and IBM, where he continuously progressed through positions of increased responsibility in sales, marketing and general management.  More recently, Mr. Cady spent several years in the broadband communications industry, serving as Chief Marketing Officer for XO Communications and Adelphia Communications, President, XO Business Services, President/ COO & co-founder of BroadStreet Communications, and President & CEO of two early stage software companies focused on broadband service providers.  Mr. Cady holds a B.S. degree in Business Administration from Virginia Tech and an MBA from the University of Richmond.  Patrick J. Summers, Chief Financial Officer.  Mr. Summers has been the Controller and Chief Financial Officer of AIMS since 2003.  Since 1994, Mr. Summers has been an independent consultant, focusing his practice on strategic planning and financial management.  From 1998 to 2000 he was also the Controller and CFO for News USA, Inc., a privately owned public relations and publicity firm.  He also worked for several nonprofits, including a Capitol Hill consumer advocacy organization where he was responsible for generating over 90% of the revenue.  Mr. Summers holds an M.S. degree in Management Science from Louisiana State University.  Theodore L. Innes.Mr. Innes recently served as SVP and Chief Marketing Officer of Movie Gallery, Inc., a $2.3 billion 4,800 store international retail movie rental chain consisting of the Movie Gallery and Hollywood Video brands. Public company listed on NASDAQ.  There he led all marketing activities for Movie Gallery, Hollywood Video, Game Crazy and MovieBeam to drive store revenue while providing strategic marketing direction for the company, including brand management, creative, website development, media planning, in store merchandising and operations guidance.  He participated on the Senior Management Executive Committee.  Previously, he was Executive Vice President and COO for the Neighborhood Marketing Institute, a premier strategic neighborhood marketing consulting firm specializing in the foodservice, hospitality, and retail industries with over $3 million in consulting fees.  From 1991 to 1997 Mr. Innes was the Vice President and Marketing and Media for Blockbuster Entertainment Group, a $4 billion, 6,000 store company and franchised video rental, retail, and music chain with international locations where he was responsible for directing the Strategic Marketing and Media Planning activities for domestic video and music stores, including management of the $175 million advertising budget.  Mr. Innes holds a degree in accounting from the University of Kentucky, is a Certified Public Accountant, and is a Certified Management Accountant.  He is a member of the Association of National Advertisers, and a Retail Advisory Board member for the Digital Entertainment Group.  Herbert I. London.  Mr. London has served as president of the Hudson Institute, a world-renowned think-tank in Washington, DC, since 1997.  He is professor emeritus and the former John M. Olin Professor of Humanities at New York University.  He was responsible for creating the Gallatin School of Individualized Study in 1972 and was its dean until 1992.  This school was organized to promote the study of "great books" and classic texts.  Mr. London is a graduate of Columbia University, 1960, and the recipient of a Ph.D. from New York University, 1966.  Mr. London currently sits on the Hudson Institute Board of Directors; the Board of Directors of the National Chamber Foundation; the Board of Directors of the International Transportation Systems; the Board of Trustees for Merrill Lynch Assets Management, the Board of Advisors for Cerego, the Board of Directors for InnoCentive and Reflex Security Inc., the Board of Directors for the American Jewish Congress; the Board of Advisors for Grantham University; the Board of Directors for Vigilant Research; the Board of Directors of the Coalition for a Secure Drivers License; the Board of Directors of the National Association for Industry-Education Cooperation, the Board of Trustees of Rose-Hulman Institute of Technology, the Board of Advisors of the Foundation for Individual Rights in Education, Inc., the Editorial Advisory Board for the Texas Education Review, and is a member of the Council on Foreign Relations, New York City Cultural Affairs Commission, American History and Civics Advisory Board, and the International Institute of Strategic Studies.  Mr. London served on the Board of Governors at St. John's College and the Board of Overseers at the Center for Naval Analyses.  He is an affiliated professor at the University of Haifa in Israel and also Vice Chair of the American Jewish Congress - Council for World Jewry; he is also a member of the Union League Club.  All officers hold their positions at the will of the Board of Directors. All directors hold their positions for one year or until their successors are elected and qualified.  During 2009 the Board has the following committees:  Governance Committee - Herbert London, Chairman Compensation Committee - Thomas Cady, Chairman Audit Committee - Theodore Innes, Chairman Information Technology - Thomas Cady, Chairman Human Resources Committee - Thomas Cady, Chairman  18      Compliance with Section 16  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 its equity securities to file reports of ownership and changes in their ownership on Forms 3, 4, and 5 with the Securities and Exchange Commission, and forward copies of such filings to the Company.  Based on the copies of filings received by the Company during the most recent fiscal year the directors, officers, and beneficial owners of more than ten percent of the equity securities of the Company registered pursuant to Section 12 of the Exchange Act have filed on a timely basis all required Forms 3, 4, and 5 and any amendments thereto.   Item 11.  Executive Compensation.  Executive compensation for the previous two years is as follows:  SUMMARY COMPENSATION TABLE  Summary Compensation Table for 2009 and 2008Change inPensionNon-EquityValue andStockOptionIncentiveNonqualifiedName andPlanDeferredAll OtherPrincipalSalaryBonusAwardsAwardsCompensationCompensationCompensationTotalPositionYear($)($)($)($)($)Earnings ($)($)($)(a)(b)( c)(d)(e)(f)(g)(h)(i)(j)B. Joseph Vincent200930,000------30,000Chairman (former)2008157,171------157,171Gerald Garcia, Jr.200922,500------22,500Principal Executive2008130,000------130,000OfficerPatrick J. Summers200975,000------75,000Principal Financial2008100,000------100,000OfficerThomas W. Cady2009-0--------0-Principal Operating2008N/A------N/AOfficer(i)Consulting fees.   19     Outstanding Equity Awards At December 31, 2009EquityIncentivePlanEquityPlanIncentiveAwards:PlanMarketEquityNumberMarketPlanor PayoutIncentiveofValue ofAwards:Value ofPlanSharesSharesNumber ofUnearnedAwards:or Unitsor UnitsUnearnedShares,Number ofNumber ofNumber ofof Stockof StockShares,UnitsSecuritiesSecuritiesSecuritiesThatThatUnits oror OtherUnderlyingUnderlyingUnderlyingHaveHaveOtherRightsUnexercisedUnexercisedUnexercisedOptionOptionNotNotRights ThatThatOptions (#)Options (#)UnearnedExerciseExpirationVestedVestedHave NotHave NotExercisableUnexercisableOptions (#)Price ($)Date(#)($)Vested (#)Vested ($)(a)(b)( c)(d)(e)(f)(g)(h)(i)(j)Joseph Vincent200,000--$  -12/11/2010----Chairman (former)200,000--$  -12/11/2010200,000--$  -12/11/2010200,000--$  -12/11/2011200,000--$  -12/11/2012500,000--$  -5/31/2010500,000--$  -5/31/2011500,000--$  -5/31/2012500,000--$  -5/31/2013500,000--$  -5/31/2014Gerald Garcia200,000--$  -12/11/2010----Principal200,000--$  -12/11/2010Executive200,000--$  -12/11/2010Officer200,000--$  -12/11/2011200,000--$  -12/11/2012500,000--$  -5/31/2010500,000--$  -5/31/2011500,000--$  -5/31/2012500,000--$  -5/31/2013500,000--$  -5/31/2014  20     Michael Foudy200,000--$  -12/11/2010----Former Director200,000--$  -12/11/2010200,000--$  -12/11/2010200,000--$  -12/11/2011200,000--$  -12/11/2012500,000--$  -5/31/2010500,000--$  -5/31/2011500,000--$  -5/31/2012500,000--$  -5/31/2013500,000--$  -5/31/2014Patrick Summers200,000--$  -12/11/2010----Principal200,000--$  -12/11/2010Financial200,000--$  -12/11/2010Officer200,000--$  -12/11/2011200,000--$  -12/11/2012Thomas W. Cady100,000$0.3526/26/14Principal Operating50,000$1.009/26/12Officer(e) Option exercise price for each 200,000 share grant is 125% of the average market price for the five days preceding the exercise of the options.(e) Option exercise price for each 500,000 share grant is 110% of the average market price for the five days preceding the exercise of the options.  Director Compensation For 2009Change inPension ValueandFeesNonqualifiedEarnedNon-EquityDeferredor PaidStockOptionIncentive PlanCompensationAll Otherin CashAwardsAwardsCompensationEarningsCompensationTotalName($)($)($)($)($)($)($)(a)(b)( c)(d)(e)(f)(g)(h)Gerald Garcia, Jr. (1)-------B. Joseph Vincent (1)-------Thomas W. Cady-------Theodore L. Innes-------Herbert I. London-------(1) No compensation is provided other than reported on Executive Compensation table.  21     We have not established any pension, profit sharing, or insurance programs for the benefit of our employees.  Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.  The following table sets forth as of December 31, 2009, the name and shareholdings of each person who is an officer or is known to us that either directly or beneficially (includes options and warrants) holds more than 5% of our 57,683,499 outstanding shares of common stock, par value $.001.  The table also lists the name and shareholdings of each director and of all officers and directors as a group.  Except as otherwise indicated, the persons named in the table have sole voting and dispositive power with respect to all shares beneficially owned, subject to community property laws where applicable.  # of Shares Name Title of Class Beneficially Owned % of Shares    Gerald Garcia, Jr. (1)(3) Common 8,558,567 12% 10400 Eaton Place, #203 Fairfax, VA  22030  Patrick J. Summers (1) Common 1,291,500 2% 10400 Eaton Place, #203 Fairfax, VA  22030  Thomas W. Cady (1) Common 2,700,000 3% 5308 Wriley Road Bethesda, MD  20816  Theodore L. Innes (1) Common - 0% Post Office Box 1963 2323 Lakeshore Drive Mt. Dora, FL  32757  Herbert I. London (1) Common 90,816 0% 10 West Street #20-E New York City, NY  10004  B. Joseph Vincent Common 3,500,000 5% 10400 Eaton Place, #203 Fairfax, VA  22030  Michael Foudy (2) Common 5,181,856 7% 1600 North Oak Street, #1015 Arlington, VA  22209  Charles H. Brunie Common 5,142,857 7% 21 Elm Rock Road Bronxville, NY 10708  Liberty Growth Fund (3) Preferred 48,812,500 46% 19415 Deerfield Dr., #204 and Common Lansdowne, VA 20176  FG Investment Holdings, LLC Common 970,619 1% Attn.:  James Gregory  22    Gregory and Plotkin, LLC 1331 Seventeenth Street, #1060 Denver, Co  80202   Officer and Directors Common 12,640,883 17% as a group (5 people)  (1) Officer and/or Director (2) Mr. Foudys shares are held by Gramercy Investments, LLC (1,531,870 shares) and ATB Productions, LLC (47,937 shares).  Mr. Foudy is owner of Gramercy Investments, LLC.  102,049 shares are held in the name of Erin Maried Foudy Trust, Michael L. Foudy, Trustee (3) Includes 10,937,500 common shares available from conversion of preferred shares and 37,875,000 options available within 60 days.  The following breaks-down certain beneficial (individuals) owners listed above shares by ownership and options/warrants:  Mr. Vincent:  Owns or controls -0- and holds 3,500,000 in options or warrants Mr./Ms. Garcia:  Own or controls 5,008,567 shares and hold 3,550,000 in options or warrants Mr. Summers:  Owns or controls 291,500 shares and 1,000,000 in options or warrants Mr. Foudy:  Owns or controls 1,681,856 shares and 3,500,000 in options or warrants Mr. Cady:  Owns or controls 2,550,000 shares; 150,000 in options/warrants Mr. Innes:  Owns or controls no shares or warrants Mr. London:  Owns or controls 90,816 shares; no options/warrants Mr. Brunie:  Owns or controls 4,142,857 shares and 1,000,000 in options or warrants Mr. Gregory & FG Investments:  Own or control 281,269 shares and 220,000 in options or warrants  Item 13.  Certain Relationships and Related Transactions, and Director Independence.    In 2009 we expensed $50 to the spouse of an officer for services.  We expensed $171,248 for legal services provided by a company partially owned by a shareholder; half if the balance was paid in common stock converted at $.65 (65 cents) per share.  We negotiated debt to another law firm, owned by a shareholder, from $55,250 to $10,000, issuing 150,000 common shares as part of the settlement.  As of December 31, 2009, we were indebted to related party Michael Foudy in the form of Accounts Payable in the amount of $12,464.  As of December 31, 2009, we were indebted to the following related parties (or persons who at the time of the debt transaction were related parties) in the, form of current liabilities, in the following amounts, which include principal and interest:  Gerald and/or Christine Garcia* $155,867 Thomas W. Cady* 62,500 Thomas W. Cady 303,282 Charles H. Brunie** 248,452 Michael L. Foudy, as ATB debtholder 930,462 Media Partners, as ATB debtholder 280,877 Max E. Miller, as ATB debtholder 224,022 Dennison E. Smith, as ATB debtholder 449,135 --------------- $2,654,597  * Ms. Garcia's and Mr. Cady's Promissory Notes bear no interest.  ** On March 10, 2009, shareholder Charles Brunie lent the Company $200,000 due in 90 days or within fifteen days after the Company receives additional funding, bearing an interest rate of 2 1/2 percent per month.  In 2008 we expensed consulting fees which we paid or plan to pay in cash totaling ($55,000), which was a credit taken against the balance due to him from previous years  23     In 2008, we expensed consulting fees which we paid or plan to pay in cash totaling $144,063 to eight individual shareholders, none of whom was officers or directors:  Christine Garcia $300 Global Equity Society / Rudy Lamers 750 GMMJ Partners (CREDIT) * (38,304) Gregory & Plotkin / James D. Gregory ** 9,767 Liebeck Morris / Chris Petersen 31,050 James D. Lyke 3,000 Denison E. Smith 128,500 Stevens GouldPincus / Arthur Stevens 9,000 $144,063  * During 2008 GMMJ Partners took a credit against amounts owed from previous fiscal years.  ** In addition to cash payment for his services Mr. Gregory received 7,488 shares of AIMS Worldwide, Inc., restricted common stock.  As of December 31, 2008, AIMS Corporate was indebted to related parties in the form of Accounts Payable (related parties at the time the payables were posted) in the amount of $80,250:  Max Miller, PC $55,250 Media Partners 25,000 $80,250  As of December 31, 2008, we were indebted to related party Christine Garcia in the form of a promissory note, bearing no interest, in the amount of $70,000.  As of December 31, 2008, ATB Media, Inc., was indebted to related parties in amounts as follows:  Accounts Payable $12,464 Long-term Debt Principal 975,971 Long-term Debt Interest 906,711 $1,895,146  Unsecured notes payable due to ATB Media, Inc., indebtedness, due on demand, and related accrued interest to related parties as of December 31, 2008, follow:  December 31, 2008 Balance Balance Principal Interest Denison Smith*, 12% interest $248,712 $200,424 * related party prior to 2007 Gerald Garcia, Jr., 10% interest 30,000 39,000 Max Miller, 15% interest on fee only 125,000 99,022 Media Partners, 6.5% 164,515 99,955 Michael Foudy, -0-% interest 125,000 - Michael Foudy, 15% interest, excl. fee 282,744 468,310 Total $975,971 $906,711  In 2008 we renegotiated and terminated our license agreement with GMMJ Partners.   24    Item 14. Principal Accountant Fees and Services.  Audit Fee  The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of AIMS annual financial statement and review of financial statements included in AIMS 10-KSB reports and services normally provided by the accountant in connection with statutory and regulatory filings or engagements were $79,079 for fiscal year ended 2009 and $78,490 for fiscal year ended 2008.  Audit-Related Fees  The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of AIMS financial statements that are not reported above were $26,160 for fiscal year ended 2009 and $31,740 for fiscal year ended 2008.  Tax Fees  There were no fees for tax compliance, tax advice and tax planning for the fiscal years 2009 and 2008.  All Other Fees  There were no other aggregate fees billed in either of the last two fiscal years for products and services provided by the principal accountant, other than the services reported above.  As of December 31, 2009, we had established an Audit Committee.  Independent Board member Mr. Theodore Innes serves as chairman.  Our Audit Committee and our Board of Directors will evaluate and approve in advance, the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services.  We do not rely on pre-approval policies and procedures.   25    PART IV  Item 15. Exhibits, Financial Statement Schedules.  The Company has adopted a code of ethics that applies to the Companys principal executive officer, principal financial officer, principal accounting officer or controller which was attached as Exhibit 99.3 to its 2002 Form 10KSB.  The Company will provide, at no cost, a copy of the Code of Ethics to any shareholder of the Company upon receiving a written request sent to the Companys address shown on Page 1 of this report.  Exhibit #DescriptionLocationExhibit 3(I)Articles of Incorporation as Amended*Exhibit 3(ii)Bylaws*Exhibit 14Code of Ethics**Exhibit 31.1Certification of the Principal Executive Officerpursuant to Section 302 of the Sarbanes-Oxley Act of 2002AttachedExhibit 31.2Certification of the Principal Financial Officerpursuant to Section 302 of the Sarbanes-Oxley Act of 2002AttachedExhibit 32.1Certification of the Principal Executive Officerpursuant to U.S.C. Section 1350 as adopted pursuant toSection 906 of the Sarbanes-Oxley Act of 2002***AttachedExhibit 32.2Certification of the Principal Financial Officerpursuant to U.S.C. Section 1350 as adopted pursuant toSection 906 of the Sarbanes-Oxley Act of 2002***Attached  * Incorporated by reference. Filed as exhibit to SB-2 filed September 8, 1999  **Incorporated by reference. Filed as exhibit to 2002 10KSB filed March 4, 2003  ***The Exhibit attached to this Form 10-KSB shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.  26    SIGNATURES  In accordance with the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.    AIMS Worldwide, Inc.  /s/ Gerald Garcia Jr. Gerald Garcia Jr., Chief Executive Officer   April 15, 2010   /s/ Patrick J. Summers Patrick J. Summers, Chief Financial Officer April 15, 2010    In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.     /s/ Gerald Garcia, Jr. Gerald Garcia, Jr., Chairman April 15, 2010   /s/ Tomas W. Cady Thomas W. Cady, President & Chief Operating Officer, April 15, 2010     27    AIMS WORLDWIDE, INC. CONSOLIDATED FINANCIAL STATEMENTS TABLE OF CONTENTS   PageReport of Independent Registered Public Accounting firmF-2Consolidated Balance Sheet at December 31, 2009F-3Consolidated Statements of Operations for the Years Ended Dec. 31, 2009 and 2008F-4Consolidated Statements of Stockholders Equity for the periodfrom Jan. 1, 2008 through Dec. 31 2009F-5Consolidated Statements of Cash Flows for the Years Ended Dec. 31, 2009 and 2008F-6Notes to Consolidated Financial StatementsF-7   F-1   Turner, Jones & Associates, P.L.L.C. Certified Public Accountants 108 Center Street, North, 2nd Floor Vienna, Virginia 22180-5712 (703) 242-6500 FAX (703) 242-1600   REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Board of Directors and Stockholders of:  AIMS Worldwide, Inc., and Subsidiaries 10400 Eaton Place, Suite 203 Fairfax, Virginia 22030  We have audited the accompanying consolidated balance sheets of AIMS Worldwide, Inc. (a Nevada Incorporation) as of December 31, 2009, and the related consolidated statements of income, stockholders' equity and cash flows for the periods ending December 31, 2009 and December 31, 2008 (as restated).  These consolidated financial statements are the responsibility of the Companys management.  Our responsibility is to express an opinion on these consolidated financial statements based on our audit.  We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we 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.  We believe that our audit provides a reasonable basis for our opinion.  In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of AIMS Worldwide and Subsidiaries as of December 31, 2009, and the results of its operations and its cash flows for the periods ending December 31, 2009 and December 31, 2008 (as restated), in conformity with accounting principles generally accepted in the United States of America.  As discussed in Note 13 to the financial statements, the Company has reclassified goodwill to intangible assets subject to amortization and recognized impairment.  Accordingly, the 2008 financial statements have been restated and an adjustment has been made to retained earnings as of January 1, 2009.  The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in the footnotes, conditions exist that raise substantial doubt about the Companys ability to continue as a going concern.  The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.  /s/ Turner, Jones & Associates, PLLC Vienna, Virginia April 13, 2010  F-2    AIMS Worldwide, Inc. Consolidated Balance Sheet December 31, 2009  AssetsCurrent assetsCash$272,064Accounts receivable, net of allowances of $43,035645,912Loan from employee
Deferred billings75,200
114,918Prepaid expense368,152Total current assets1,476,246Property and equipmentAt cost, net of accumulated depreciation of $119,92076,733Other assetsDeposits23,842Deferred expense185,400Prepaid software costs
Goodwill, net of impairment of $1,549,580112,000
554,637Intangible assets, net of amortization of $3,693,0861,280,480Total assets$3,709,338Liabilities and Stockholders' DeficitCurrent liabilitiesAccounts payable$1,146,811Accounts payable - related parties12,464Accrued expenses
Deferred revenue142,695
307,843Notes payable
Notes payable - related parties2,394,098
1,166,705Brandstand debt220,664Brandstand debt - related parties314,538Accrued interest payable1,296,455Accrued interest payable - related parties926,061Total current liabilities7,928,334Long term notes payable185,196Total liabilities8,113,530Minority interest(146,420)Stockholders' deficitPreferred stock, $.001 par value, 20,000,000 shares7,194authorized, 7,193,750 shares issued and outstanding,
including shares in escrowAdditional paid-in capital3,638,835Common stock, $.001 par value, 200,000,000 shares57,684authorized, 52,131,279 shares issued and outstandingAdditional paid-in capital11,821,711Stock subscriptions receivable(26,000)Accumulated deficit(19,757,196)Total stockholders' equity(4,257,772)Total liabilities and stockholders' equity$3,709,338  See accompanying notes to consolidated financial statements   F-3    AIMS Worldwide, Inc. Consolidated Statements of Operations (As restated) Year endedYear endedDec. 31, 2009Dec. 31, 2008Revenue$5,726,003$13,963,060Operating expensesCost of sales1,974,0869,383,824General and administrative expenses4,631,0325,073,303Depreciation and amortization565,381611,155Total operating expenses7,293,81715,068,282Operating loss(1,567,814)(1,105,222)Interest expense, net(422,223)(355,031)Interest expense, net - related parties(61,342)(61,510)Minority interest(89,314)29,907Loss before discontinued operations andprovision for income taxes(2,140,693)(1,491,856)Loss on sale of discontinued operations,
net of income taxes--Loss from discontinued operationsnet of income taxes--Loss before provision for income taxes(2,140,693)(1,491,856)Income taxes--Net loss$(2,140,693)$(1,491,856)Net loss available to common shareholders after beneficial conversion feature$(2,140,693)$(1,491,856)Basic and diluted loss per share from continuing operations$(0.04)$(0.03)Basic and diluted loss per share to common shareholders$(0.04)$(0.03)Weighted average number of shares outstanding54,527,34643,718,612  See accompanying notes to consolidated financial statements   F-4


AIMS Worldwide, Inc. Consolidated Statement of Changes in Shareholders Equity  Pref SharesPref SharesPref SharesCommonCommonCommonCommonCommonAddl.Addl.StockHeldParPaid-inParPaid-inSubscr.InDeficitSharesValueCapitalSharesValueCapitalRec'vbleEscrowRetainedTotal$$Balance, December 31, 20077,100,000$7,100$3,488,92944,586,575$44,587$9,920,486$(50,000)$ -$(16,124,647)$(2,713,545)(As restated)Common stock issued forcash---6,161,1116,1611,055,113(202,500)--858,774Preferred stock issued forcash93,75094149,906------150,000Common stock issuedfor services, includingcampaign media buyingparticipants---1,383,5931,384200,994---202,378Net loss for year--------(1,491,856)(1,491,856)Balance, December 31, 20087,193,750$7,194$3,638,83552,131,279$52,131$11,176,593$(252,500)$ -$(17,616,503)$(2,994,250)(As restated)   F-5      Pref SharesPref SharesPref SharesCommonCommonCommonCommonCommonAddl.Addl.StockHeldParPaid-inParPaid-inSubscr.InDeficitSharesValueCapitalSharesValueCapitalRec'vbleEscrowRetainedTotal$$Balance, December 31, 20087,193,750$ 7,194$3,638,83552,131,279$ 52,131$11,176,593$(252,500)$   -$(17,616,503)$(2,994,250)(As restated)Common stock issued forcash---584,27758457,016---57,600Common stock issued foracquisition---1,892,5001,892374,133---376,025Common stock issued fordebt extinguishment---816,406816186,957---187,773Common stock issuedfor services---2,259,0372,259310,744---313,033Subscription expiration------226,500--226,500Warrants cancelled-----(283,731)---(283,731)Net loss for year--------(2,140,693)(2,140,693)Balance, December 31, 20097,193,750$ 7,194$3,638,83557,683,499$  57,684$11,821,711$ (26,000)$  -$(19,360,543)$(4,257,772    F-6


AIMS Worldwide, Inc. Consolidated Statements of Cash Flows (As restated) Year endedYear endedDec. 31, 2009Dec. 31, 2008Cash flows from operating activitiesNet loss$(2,140,693)$(1,491,856)Adjustments to reconcile net loss to net cash used inoperating activitiesDepreciation and amortization565,381611,155Income (loss) from minority interest89,314(29,906)Stock issued to employees and others for services313,003202,378Changes in current assets and liabilitiesAccounts receivable and other current assets(761,393)(216,066)Prepaid offering costs402,064-Deferred billings(114,918)-Inventory6,324-Accounts payable and other current liabilities1,121,53975,652Net cash used in operating activities(519,379)(848,642)Cash flows from investing activitiesPurchase of equipment, net
Investment in software10,547
-(4,202)
(112,000)Net cash used in investing activities10,547(116,202)Cash flows from financing activitiesProceeds from sale of common stock57,600867,300Proceeds from sale of preferred stock-150,000Offering costs for sale of common stock-(8,526)Stock issued for acquisition376,025-Stock issued for debt extinguishment187,773-Acquisition costs(1,012,047)-Notes payable, net1,026,105(37,083)Net cash provided by financing activities635,456971,690Net change in cash126,6246,847Cash, beginning of year145,440138,593(As restated)Cash, end of year$272,064$145,440Cash paid during the year for:Interest$53,706$89,612Income Taxes$-$-Stock issued to complete acquisitions$376,025$-Stock issued to settle debt$187,773$-  See accompanying notes to consolidated financial statements    F-7   AIMS WORLDWIDE, INC. Notes to Consolidated Financial Statements  Note 1:  Organization, Basis of Presentation and Summary of Significant Accounting Policies  Organization  Description of Operations  AIMS Worldwide (AIMSTM) is a vertically integrated marketing communications consultancy providing organizations with its AIMSolutions branded focused marketing solutions at the lowest possible cost.  AIMSTM (Accurate Integrated Marketing Solutions) increases the accuracy of the strategic direction of its client's marketing program, improves results and reduces the cost, by refocusing "mass marketing" to a more strategic "One-2-OneTM" relationship with the ideal customer. To further differentiate from the rest of the market, AIMSTM places intense focus on the Return on Marketing Investment, or "ROMITM."  The Company's goal is to provide clients with a measurable return by first conducting an audit of the client's existing marketing strategy in order to deliver an increased return on their investment.  AIMSTM is accelerating its growth by targeting and acquiring a group of core competency media and marketing communications services companies.  We commenced operations in 2002.  In 2005 we acquired certain assets of a company to acquire, design, construct and manage private cable and Internet systems.  The acquired subsidiary company provides cable and Internet services to more than 3,000 households and resort rooms in premier master planned communities and major resorts in greater Orlando, Fla.  Also in 2005, we acquired a company in the marketing development service industry.  In 2006 we acquired Streetfighter Marketing, Inc., a strategy and planning organization in Gahanna, Ohio.  In 2007 we acquired a food service consulting company d/b/a Bill Main and Associates, Target America, Inc., a digital marketing firm based in Fairfax, Va., and 55% of IKON Public Affairs Group, LLC, a public affairs organization based in Arlington, Va., and Denver.  Also, in 2007 we sold Prime Time Broadband, the company that resulted from the purchase of the cable operation assets.  We are headquartered in Fairfax, Va.  In June 2009 we acquires BrandStand Group, Inc., a food service industry consulting company based in Lewisberry, Penn.  Basis of Presentation  The consolidated financial statements include the accounts of AIMS Worldwide, Inc. and its subsidiaries.  All inter-company transactions and balances have been eliminated in consolidation.  When we refer to we, our, or us in this document, we mean AIMS Worldwide, Inc. and its subsidiaries.  We have incurred significant operating losses since our inception and we have a net working capital deficiency at December 31, 2009.  However, in the past we have raised sufficient capital to fund our on-going obligations through private debt and equity financing.  We are currently seeking additional capital in order to proceed with our business plan.  While we have been successful in the past in raising equity capital, the unique nature of our business concept has limited our ability to acquire additional financing.  We believe that we are not a viable candidate for commercial bank debt financing due to our lack of operating history and our lack of tangible assets.  There is no assurance that we will meet the objectives of our business plan or that we will be successful in obtaining additional financing.  Because there is no guarantee that we will succeed in accomplishing our objectives, substantial doubt exists about our ability to continue as a going concern.  These financial statements do not contain any adjustments that may be required should we be unable to continue as an on-going concern.  Use of Estimates  The preparation of financial statements in conformity with generally accepted accounting principals requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities; disclosure of contingent assets and liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting period.  Accordingly, actual results could differ from those estimates.  F-8     Reclassifications  Certain prior-year amounts have been reclassified for comparative purposes to conform to the current-year presentation.  Cash and cash equivalents  For financial accounting purposes and the statement of cash flows, cash equivalents include all highly liquid debt instruments purchased with an original maturity of three months or less.  We had $272,064 incash equivalents as of December 31, 2009.  Fair Value of Financial Instruments  Our financial instruments consist of cash, receivables, and accounts payable and accrued expenses.  The carrying values of cash, receivables, accounts payable, and accrued expenses approximate fair value because of their short maturities.  The carrying value of the term loans and demand note payable approximates fair value since the interest rate associated with the debt approximates the current market interest rate.  Accounts Receivable  A reserve for uncollectible accounts has been established in an amount of $43,035.43 at December 31, 2009.  We review receivable accounts quarterly and adjust reserves as appropriate.  Accounts receivable consists of amounts due from customers located in the United States.  The Company considers accounts more than 90 days old to be past due although special exceptions are made for certain clients at the discretion of only top management.  The Company uses the allowance method for recognizing bad debts.  When an account is deemed uncollectible, it is written off against the allowance.  The Company generally does not require collateral for its accounts receivable.  As of December 31, 2009, management believes the allowance for uncollectible accounts is fairly stated.  Inventory Inventory, which consists of books and other materials for sale by Bill Main and Associates, is stated at the lower of cost or market, with costs determined using the average-cost method.  The Company conducts a physical inventory annually and routinely reviews the inventory for any impairment either because of obsolescence or because the inventory exceeds by a material amount the forecasts for company requirements.  The Company records a provision for obsolete or excess inventory whenever impairment has been identified.  Prepaid Expenses  Prepaid expenses consist primarily of pre-payments of insurance, rent, maintenance, and trade deposits which will be reflected as an expense during the periods benefited.  Property and Equipment  Property and equipment are stated at cost.  Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, generally ranging from three to seven years.  The recoverability of property and equipment is evaluated whenever indicators of impairment are present and the undiscounted future cash flows estimated to be generated by those assets are less than the assets carrying amount.  No impairment charges have been recorded for the years ended December 31, 2009 and 2008.  Impairment or Disposal of Long-Lived Assets  We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets.  An asset is considered impaired if its carrying amount exceeds the future net cash flow the asset is expected to generate.  If an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair market value.  We assess the recoverability of our long-lived and intangible assets by determining whether the unamortized balances can be recovered through undiscounted future net cash flows of the related assets.  The amount of impairment, if any, is measured based on projected discounted future net cash flows.  F-9     Intangible assets  We have acquired intangible assets in conjunction with acquisitions.  These assets have been originally stated at cost, subsequently reduced by amortization and impairment, if required.  We have letters of intent related to the HWL acquisition that are being amortized over their four year expected life.  In 2006, we acquired the Street Fighter brand, trademark, copyrights, published materials, and intellectual property as part of the Streetfighter acquisition that are being amortized over their expected ten year economic life.  In 2007, we acquired non-compete restrictions, trademarks and trade secrets, software systems as part of the Bill Main and Target America acquisitions that will be amortized over their expected lives, and we acquired Goodwill as part of the IKON and Target America acquisitions.  Revenue Recognition  Our revenue policies meet the criteria for realizing and earning revenues set forth in SEC Staff Bulletin (SAB) 101 because, when applicable, we recognize revenue and earnings only when (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services have been rendered, (3) our vendors price is fixed or determinable, and (4) collectability is reasonably assured.  Revenue for service fees is recognized at the time the service is performed.  Revenue for product sales is recognized at the time the product is delivered.  Advertising revenue is earned as the advertisements are aired or published.  Revenue from speaking engagements is recognized when the speech is delivered.  In the second quarter of 2008 and in preparation for the national campaign season IKON Public Affairs Group, LLC ("IPAG"), undertook political issue, political referendum, and political interest group (527s) research.  IPAG developed a unique media arbitrage strategy whereby advanced political issue media could be purchased, inventoried, and resold on behalf of interested clients.  In the third quarter 2008 IPAG conducted campaign media buying and selling by entering into a business services relationship with RD Marketing, LLC, in Fort Collins, Colorado, whereby IPAG applied its strategic research and received capital with which we purchased and inventoried media product.  Subsequently, we sold the inventory.  Once the national election campaigns were completed RD Marketing received its original capital plus a small return from the campaign media buying activities and associated IPAG services.  Concentration of Credit Risk and Financial Instruments  SFAS No. 105, "Disclosure of Information About Financial Statements with Off-Balance Sheet Risk and Financial Instruments with Concentrations of High Risk," required disclosure of significant concentrations of credit risk regardless of the degree of such risk.  Financial instruments with significant credit risk include cash.  The Company deposits its cash with high quality financial institutions in amounts less than the federal insurance limit of $250,000 in order to limit credit risk.  As of December 31, 2008, the Company's bank deposits did not exceed the insured limit.  Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily accounts receivable.  Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers comprising the Companys customer base.  Share-based Payment Arrangements  Effective January 1, 2006, the Company adopted SFAS No. 123 (Revised 2004),Share-based payment, which requires that compensation related to all stock-based awards, including stock options and restricted common stock, be recognized in the financial statements based on their estimated grant-date fair value.  The Company previously recorded stock compensation pursuant to the intrinsic value method under APB Opinion No. 25, whereby compensation was recorded related to performance share and unrestricted share awards and no compensation was recognized for most stock option awards. The Company is using the modified prospective application method of adopting SFAS No. 123R, whereby the estimated fair value of unvested stock awards granted prior to January 1, 2006 will be recognized as compensation expense in periods subsequent to December 31, 2005, based on the same valuation method used in our prior pro forma disclosures.  The Company has estimated expected forfeitures, as required by SFAS No. 123R, and is recognizing compensation expense only for those awards expected to vest.  Compensation expense is amortized over the estimated service period, which is the shorter of the awards time vesting period or the derived service period as implied by any accelerated vesting provisions when the common stock price reaches specified levels.  All compensation must be recognized by the time the award vests.  The cumulative effect of initially adopting SFAS No. 123R was immaterial.   F-10    Advertising Expenses  All advertising expenditures will be expensed as incurred.  Advertising expenses for 2009 and 2008 were $18,723 and $25,546, respectively.  Income Taxes  We report income taxes in accordance with SFAS No. 109, "Accounting for Income Taxes", which requires the liability method in accounting for income taxes.  Deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount on the financial statements.  Deferred tax amounts are determined by using the tax rates expected to be in effect when the taxes will actually be paid or refunds received, as provided under currently enacted law.  Valuation allowances are established when necessary to reduce the deferred tax assets to the amounts expected to be realized.  Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change during the period in the deferred tax assets and liabilities.  Earnings/(loss) Per Share  Basic net income per share is computed by dividing the net income available to common shareholders (the numerator) for the period by the weighted average number of common shares outstanding (the denominator) during the period.  The computation of diluted earnings is similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued.  At December 31, 2009, there was no variance between basic and diluted loss per share as the exercise of outstanding warrants to purchase common stock would be potentially anti-dilutive.  Reclassifications  Certain reclassifications have been made in prior year's financial statements to conform to classifications used in the current year.  New Accounting Standards  Effective July 1, 2009, the Company adopted the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 105-10, Generally Accepted Accounting Principles  Overall (ASC 105-10). ASC 105-10 establishes the FASB Accounting Standards Codification(the Codification) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with U.S. GAAP. Rules and interpretive releases of the SEC under authority of federal securities laws are also sources of authoritative U.S. GAAP for SEC registrants. All guidance contained in the Codification carries an equal level of authority. The Codification superseded all existing non-SEC accounting and reporting standards. All other non-grandfathered, non-SEC accounting literature not included in the Codification is non-authoritative. The FASB will not issue new standards in the form of Statements, FASB Staff Positions or Emerging Issues Task Force Abstracts. Instead, it will issue Accounting Standards Updates (ASUs). The FASB will not consider ASUs as authoritative in their own right. ASUs will serve only to update the Codification, provide background information about the guidance and provide the bases for conclusions on the change(s) in the Codification. References made to FASB guidance throughout this document have been updated for the Codification.  Effective January 1, 2008, the Company adopted FASB ASC 820-10, Fair Value Measurements and Disclosures  Overall(ASC 820-10) with respect to its financial assets and liabilities. In February 2008, the FASB issued updated guidance related to fair value measurements, which is included in the Codification in ASC 820-10-55, Fair Value Measurements and Disclosures  Overall  Implementation Guidance and Illustrations. The updated guidance provided a one year deferral of the effective date of ASC 820-10 for non-financial assets and non-financial liabilities, except those that are recognized or disclosed in the financial statements at fair value at least annually. Therefore, the Company adopted the provisions of ASC 820-10 for non-financial assets and non-financial liabilities effective January 1, 2009, and such adoption did not have a material impact on the Companys consolidated results of operations or financial condition.  Effective April 1, 2009, the Company adopted FASB ASC 820-10-65, Fair Value Measurements and Disclosures  Overall  Transition and Open Effective Date Information (ASC 820-10-65). ASC 820-10-65 provides additional guidance for estimating fair value in accordance with ASC 820-10 when the volume and level of activity for an asset or liability have significantly decreased. ASC 820-10-65 also includes guidance on identifying circumstances that indicate a transaction is not orderly. The adoption of ASC 820-10-65 did not have an impact on the Companys consolidated results of operations or financial condition.  F-11     Effective April 1, 2009, the Company adopted FASB ASC 825-10-65, Financial Instruments  Overall  Transition and Open Effective Date Information (ASC 825-10-65). ASC 825-10-65 amends ASC 825-10 to require disclosures about fair value of financial instruments in interim financial statements as well as in annual financial statements and also amends ASC 270-10 to require those disclosures in all interim financial statements. The adoption of ASC 825-10-65 did not have a material impact on the Companys consolidated results of operations or financial condition.  In May 2009, the FASB issued SFAS No. 165, Subsequent Events, which is included in ASC Topic 855, Subsequent Events. ASC Topic 855 established principles and requirements for evaluating and reporting subsequent events and distinguishes which subsequent events should be recognized in the financial statements versus which subsequent events should be disclosed in the financial statements. ASC Topic 855 also required disclosure of the date through which subsequent events are evaluated by management.  ASC Topic 855 was effective for interim periods ending after June 15, 2009 and applies prospectively.  Because ASC Topic 855 impacted the disclosure requirements, and not the accounting treatment for subsequent events, the adoption of ASC Topic 855 did not impact our results of operations or financial condition.  .  Effective July 1, 2009, the Company adopted FASB ASU No. 2009-05, Fair Value Measurements and Disclosures (Topic 820) (ASU 2009-05). ASU 2009-05 provided amendments to ASC 820-10, Fair Value Measurements and Disclosures  Overall, for the fair value measurement of liabilities. ASU 2009-05 provides clarification that in circumstances in which a quoted price in an active market for the identical liability is not available, a reporting entity is required to measure fair value using certain techniques. ASU 2009-05 also clarifies that when estimating the fair value of a liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of a liability. ASU 2009-05 also clarifies that both a quoted price in an active market for the identical liability at the measurement date and the quoted price for the identical liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Adoption of ASU 2009-05 did not have a material impact on the Companys consolidated results of operations or financial condition.  In October 2009, the FASB issued ASU 2009-13, Multiple-Deliverable Revenue Arrangements, (amendments to FASB ASC Topic 605, Revenue Recognition) (ASU 2009-13) and ASU 2009-14, Certain Arrangements That Include Software Elements, (amendments to FASB ASC Topic 985, Software) (ASU 2009-14). ASU 2009-13 requires entities to allocate revenue in an arrangement using estimated selling prices of the delivered goods and services based on a selling price hierarchy. The amendments eliminate the residual method of revenue allocation and require revenue to be allocated using the relative selling price method. ASU 2009-14 removes tangible products from the scope of software revenue guidance and provides guidance on determining whether software deliverables in an arrangement that includes a tangible product are covered by the scope of the software revenue guidance. ASU 2009-13 and ASU 2009-14 should be applied on a prospective basis for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010, with early adoption permitted. The Company does not expect adoption of ASU 2009-13 or ASU 2009-14 to have a material impact on the Companys consolidated results of operations or financial condition.  Note 2:  Dispositions and Reclassifications  There were no dispositions or reclassifications although we have regrouped our Marketing Segments.  Note 3:  Acquisition of Subsidiaries and Investments  On June 26, 2009, the Company entered into agreements whereby it acquired 100% of the outstanding stock of BrandStand Group, Inc. (BGI).  The acquisition was completed in two transactions.  In the first transaction, the Company entered a stock purchase agreement for the acquisition of 32% of Brandstands outstanding stock in exchange for a promissory note in the amount of $400,000.  The note yields 8% interest per annum and payments are due quarterly in the amount of $105,049.50 with the first payment due September 26, 2009 and quarterly thereafter with the balance due on or before June 26, 2010 (the Note).  The note is secured by a pledge and security agreement under which the Company pledged 100% of the issued and outstanding shares in BGI (the Pledge Agreement).  James P. Gregory and Thomas W. Cady each received 100,000 shares of AIMS common stock in exchange for acting a co-makers with respect to financing an interim step in the transaction in which Gregory and Cady purchased 32% of the BGI stock from Timothy C. Cusick in exchange for their promissory note in the same amount and bearing the same terms and conditions as the Note, followed by a sale of the BGI Shares to the Company in exchange for the Note and Pledge Agreement.   F-12    In the second transaction, the Company contributed $350,000 in cash, and 1,600,000 shares of AIMS common stock to its newly formed, wholly-owned subsidiary, AIMS MS 1 Corporation (AIMS MS 1), a Pennsylvania corporation.  The Company and AIMS MS 1 entered into an acquisition agreement and an agreement and plan of merger with BGI, pursuant to which AIMS MS 1 merged with BGI, with BGI the surviving corporation.  Timothy C Cusick, owner of the remaining 68% of the outstanding shares in BGI exchanged these shares for 1,500,000 shares of AIMS common stock and $350,000.00 in cash.  The Company exchanged its 32% of the shares in BGI and 100% of its shares in AIMS MS 1 for 1,000 shares of BGI. Post-closing, the Company owns 1,000 shares of BGI common stock.  These shares constitute 100% of the issued and outstanding shares in BGI.  100,000 shares of AIMS common stock was retained by BGI to use as incentive compensation to key employees.  In addition to the Note described above, AIMS borrowed $350,000 to finance the transaction.  AIMS borrowed $350,000 at 18% interest per annum payable interest only on a quarterly basis beginning September 26, 2009 with the full balance due on June 26, 2010 (the Loans).  An origination fee and cost reimbursement in the amount of $35,000 is due at maturity (unless extended in which case it is due on the extended maturity date).  The lenders received a warrant to purchase 350,000 shares of AIMS common stock at $0.352 per share over a five year period.  The Company has the right to extend the maturity date for six months.  If it elects to do so the lenders will receive an additional warrant to purchase 175,000 shares of AIMS common stock at $0.352 and an additional origination fee and cost reimbursement in the amount of $17,500 due and payable on the extended maturity date.  James P. Gregory received 100,000 shares of AIMS common stock in exchange for his guaranty of a portion of the Loans, Thomas W. Cady received 50,000 shares of AIMS common stock for providing a portion of the loans, and Chris Petersen received 25,000 shares of AIMS common stock for providing a portion of the loans.  Timothy C. Cusick continued in the employ of BGI post-closing on a full-time basis through November 30, 2009, as the chief executive officer and a director.  Thereafter, Mr. Cusick will provide part-time services to BGI.  Mr. Cusicks employment agreement with BGI precludes him from competing with BGI for a period of five years.  BrandStand is a branding, marketing and customer-generating service to the restaurant and retail industry. BrandStand clients include national and regional accounts such as Silver Diner, Burger King, Schlotzskys and Z-Pizza.  Note 4:  Related Party Transactions  During 2009 the Company received additional capital from the following related parties:  Christine Garcia $83,500; Charles Brunie, $200,000; and Thomas W. Cady, $62,500  During January 2009 the Company was loaned $125,000 from FG Investments, LLC, at an annual interest rate of 18% and warrants for 100,000 shares of the Company's common stock at $.352 (35.2 cents) per share.  The Agreement was amended in July 2009 when the Company received an additional $6,250.  The Agreement was amended again in November 2009 when the Company received an additional $9,000.  In January 2010 the Company agreed to a Third Amendment when FG Investments, LLC, loaned the Company an additional $6,618; in this amendment the Company agreed to an origination fee of $7,623 and warrants to purchase 152,000 shares of the Company's common stock at $.352  (35.2 cents) per share.  In August 2009 the Company renegotiated certain previously existing terms with FG Investments, LLC / James P. Gregory; those terms include issuing a total of 82,344 Series B Preferred shares and warrants for 1,406,250 Series B Preferred shares ; however, those shares have not been issued/documented as per agreement with both parties as the Company is awaiting the anticipated cancellation of the Liberty Growth Fund interest in the Company due to possible lack of fulfillment of the agreement by Liberty.  In December 2009 the Company signed a Promissory note to FG Investments, LLC, in exchange for $120,000 at an annual interest rate of 18%. In addition, the Lender received warrants for 120,000 shares of the Company's common stock at $.352 (35.2 cents) per share, and will receive an origination fee of $12,000 at maturity.  In 2009 we expensed $50 to the spouse of an officer for services.  We expensed $171,248 for legal services provided by a company partially owned by a shareholder; half if the balance was paid in common stock converted at $.65 (65 cents) per share.  We negotiated debt to another law firm, owned by a shareholder, from $55,250 to $10,000, issuing 150,000 common shares as part of the settlement.  As of December 31, 2009, we were indebted to related party Michael Foudy in the form of Accounts Payable in the amount of $12,464.   F-13    As of December 31, 2009, we were indebted to the following related parties (or persons who at the time of the debt transaction were related parties) in the, form of current liabilities, in the following amounts, which include principal and interest:  Gerald and/or Christine Garcia* $155,867 Thomas W. Cady* 62,500 Thomas W. Cady 303,282 Charles H. Brunie** 248,452 Michael L. Foudy, as ATB debtholder 930,462 Media Partners, as ATB debtholder 280,877 Max E. Miller, as ATB debtholder 224,022 Dennison E. Smith, as ATB debtholder 449,135 --------------- $2,654,597  * Ms. Garcia's and Mr. Cady's Promissory Notes bear no interest.  ** On March 10, 2009, shareholder Charles Brunie lent the Company $200,000 due in 90 days or within fifteen days after the Company receives additional funding, bearing an interest rate of 2 1/2 percent per month.  In 2008 we expensed consulting fees which we paid or plan to pay in cash totaling ($55,000), which was a credit taken against the balance due to him from previous years  In 2008, we expensed consulting fees which we paid or plan to pay in cash totaling $144,063 to eight individual shareholders, none of whom was officers or directors:  Christine Garcia $300 Global Equity Society / Rudy Lamers 750 GMMJ Partners (CREDIT) * (38,304) Gregory & Plotkin / James D. Gregory ** 9,767 Liebeck Morris / Chris Petersen 31,050 James D. Lyke 3,000 Denison E. Smith 128,500 Stevens GouldPincus / Arthur Stevens 9,000 $144,063  * During 2008 GMMJ Partners took a credit against amounts owed from previous fiscal years.  ** In addition to cash payment for his services Mr. Gregory received 7,488 shares of AIMS Worldwide, Inc., restricted common stock.  As of December 31, 2008, AIMS Corporate was indebted to related parties in the form of Accounts Payable (related parties at the time the payables were posted) in the amount of $80,250:  Max Miller, PC $55,250 Media Partners 25,000 $80,250  As of December 31, 2008, we were indebted to related party Christine Garcia in the form of a promissory note, bearing no interest, in the amount of $70,000.  As of December 31, 2008, ATB Media, Inc., was indebted to related parties in amounts as follows:  Accounts Payable $12,464 Long-term Debt Principal 975,971 Long-term Debt Interest 906,711 $1,895,146  F-14     Unsecured notes payable due to ATB Media, Inc., indebtedness, due on demand, and related accrued interest to related parties as of December 31, 2008, follow:  December 31, 2008 Balance Balance Principal Interest Denison Smith*, 12% interest $248,712 $200,424 * related party prior to 2007 Gerald Garcia, Jr., 10% interest 30,000 39,000 Max Miller, 15% interest on fee only 125,000 99,022 Media Partners, 6.5% 164,515 99,955 Michael Foudy, -0-% interest 125,000 - Michael Foudy, 15% interest, excl. fee 282,744 468,310 Total $975,971 $906,711  In 2008 we renegotiated and terminated our license agreement with GMMJ Partners.  As of December 31, 2008, AIMS Corporate was indebted to related party in the form of a note payable in the amount of $70,000.  In 2008, for AIMS Corporate, we expensed consulting fees and Directors fees which we paid or plan to pay in cash totaling $(55,000), a credit due to renegotiation of amounts due to one consultant from previous fiscal years, and $23,750 to Directors and related parties who acted in the capacity of consultant.  Consulting Directors Fees 2008 Fees 2008 Thomas W. Cady $ (55,000) $ - Michael L. Foudy - - Theodore L. Innes - - Herbert I. London - - Max E. Miller - n/a $(55,000) $-  In 2008 we leased real estate from shareholder Craig Snyder in the total amount of $202,642.  In 2008 we terminated a license agreement with a partnership that included our officers and shareholders under which the partnership would have paid an initial fee of $1,500 and a royalty of one percent of revenue for the use of business methods, processes and intellectual property developed by the constituent partners, including the Accurate Integrated Marketing Solutions business services model and related trade secret systems and processes, URLs, logos and trade names.  Note 5:  Property and Equipment  Listed below are the major classes of property and equipment as of December 31, 2009:  Furniture, fixtures, and computing equipment $196,653 Less accumulated depreciation (119,020) Net property and equipment: $76,733  Listed below are the major classes of property and equipment as of December 31, 2008:  Furniture, fixtures, and computing equipment $222,972 Less accumulated depreciation (67,674) Net property and equipment: $155,298  Depreciation expense for the years ended December 31, 2009 and 2008 is $68,018 and $26,446, respectively.   F-15    Note 6:  Intangible Assets  Listed below are the major classes of intangible assets as of December 31, 2009:  ValueNew AccumNetHWL174,200.00(174,200.00)-SF Brand197,238.00(154,389.00)42,849.00IKON3,800,781.00(3,159,705.00)641,076.00Target America295,415.00(114,693.00)180,722.00Ygnition200,000.00(106,667.00)93,333.00Brandstand - five year non compete150,000.00(15,000.00)135,000.00Brandstand - two year non compete250,000.00(62,500.00)187,500.005,067,634.00(3,787,154.00)1,280,480.0020102013Thereafter---HWL42,849.00-SF Brand203,149.0031,629.00-IKON114,693.00--Target America40,000.00-Ygnition30,000.0030,000.0015,000.00Brandstand - five year non compete125,000.00--Brandstand - two year non compete555,691.0061,629.0015,000.00  Intangible amortization expense was $497,363 and $493,471 for the years ended December 31, 2009 and 2008, respectively.  Listed below are the major classes of intangible assets as of December 31, 2008:  Original Less accumulated Net value intangible value amortization intangible assets HWL Letters of intent $174,200 $159,683 $14,337 Street Fighter brand 300,000 67,500 232,500 SF published materials and trademarks 175,044 39,385 135,659 Bill Main intangibles 568,945 184,908 384,037 Target America 802,850 162,482 640,368 Ygnition cable customers 200,000 66,667 133,333 $2,221,039 $680,625 $1,540,414  Intangible amortization expense was $359,537 and $236,628 for the years ended December 31, 2008 and 2007, respectively.   F-16    Note 7:  Accounts Payable and Notes Payable  Accounts Payable, current notes and interest payable and accrued interest to relatedand nonrelated parties consist of the following amounts at December 31, 2009:  Balance of payables/notes and accrued interest By Corporation, Total Liabilities AIMS Corporate 1,779,139.45 AIMS Interactive, Inc. 0.00 ATB Media, Inc. 4,437,204.56 Bill Main and Associates 261,517.82 BrandStand Group, Inc. 514,230.99 Harrell, Woodcock, and Linkletter 0.00 IKON Public Affairs Group, LLC 654,136.28 Streetfighter Marketing, Inc. 255,802.06 Target America, Inc. 211,501.10 ---------------- $8,113,530.26  By Debtholder Total Accounts Payable $1,159,377.00  Other Current Liabilities Accrued FICA Payable 7,554.39 Accrued liabilties - other (1,326.92) Accrued payroll taxes 86.00 Accrued Salary & Wages Payable 98,750.00 Accrues tax liabililties 35,672.55 Angela Noble 995,000.00 Armor M. Riyamy. 42,660.53 Barbara Geshekter 88,352.88 Barbara Nappy (2,951.00) Barbara Nappy 39,785.00 BB&T LOC 299,789.21 Charles Brunie 248,452.06 Chase Bank Credit Line 75,000.00 Chris Findlater 200,000.00 Chris Petersen (1,091.50) Chris Petersen 14,715.00 Christine Garcia 153,500.00 Christine Garcia 2,367.12 Christopher Phillip 995,000.00 Client Deposits 8,124.49 Deferred Revenue 274,485.38 Denison Smith 449,135.12 Denison Smith 89,454.26 Dominic Delpapa 59,070.00 Edward DeBolt, 95,322.40 F. TracySchnonrock 19,021.93 FG Investments 270,389.64 Gene Jewett 8,609.87 James P. Gregory (16,169.50) Janice Smith 19,021.90 John C. Thomas 18,997.38 Keith Stein 55,374.69 Marlin Hulse 38,035.63 Max Miller 220,671.24 Max Miller 3,351.00 Max Miller 37,448.77 Media Partners 280,876.65  F-17    Michael L. Foudy 125,000.00 Michael L. Foudy 13,404.00 Michael L. Foudy 779,593.86 Morris Monesson 37,991.09 Overdraft Protection 1,956.96 Terrence J. Scofield 19,008.22 Thomas W. Cady & James Gregory 200,000.00 Thomas W. Cady (8,085.00) Thomas W. Cady 109,000.00 Thomas W. Cady 64,867.12 Tri Counties Bank Expressline 37,442.32 U.S. Bank Credit Line 46,268.34 William Tucker Main 20,000.00 Other current liabilities 25,234.31  Total Other Current Liabilities 6,694,217.41  Long-Term Liabilities Auto lease - Becker 81,529.07 BB&T Loan Payable 156,637.00 Jeff Slutsky 972.36 Marc Slutsky 8,617.68 Wells Fargo LOC 12,281.93  Total Long-Term Liabilities 260,038.04 ------------------ Total Liabilities $8,118,032.26  Current notes and interest payable and accrued interest to relatedand nonrelated parties consist of the following amounts at Dec. 31, 2008:    Balance of note and accrued interest   Related to AIMS Corp Thomson, Margaret (11.25% + $5,000) $50,000 Garcia, Christine (0%) 70,000  Related to ATB Media, Inc. DeBolt, 10% interest rate (reduced debt) 92,000 Foudy, Michael -0-% interest 125,000 Foudy, Michael 15% interest, excl. fee 751,056 Garcia, Gerald, Jr., 10% interest 69,000 Hulse, Ms. Marlin, 10% interest 36,041 Jewett, Gene, 10% interest rate 8,162 Media Partners, 6.5% 264,470 Miller, Max, 15% interest on fee only 242,772 Monesson, Morris, 10% interest 35,991 Noble, 11% interest 940,000 Phillips, 11% interest 940,000 Riyamy, Armor M., 10% interest 40,666 Schonrock, F. Tracy, 10% interest 18,025 Scofield, Terrence J., 10% interest 18,011 Smith, Denison, 12% interest 508,826 Smith, Janice, 10% interest 18,025 Stein, Keith, 10% interest rate 54,637 Thomas, John C., 10% interest 18,000  Related to Bill Main and Associates Geshekter, Barbara, Loan Payable (10, 12, and 8%) 93,805 Main, Wm. Tucker Loan Payable (10% and 8%) 36,761 Tri Counties Bank (9.5%) 43,943  F-18    Wells Fargo Line of Credit (16.25%) 11,963  Related to IKON Public Affairs Group, LLC Delpapa - Loan payable to Dominic DelPapa (0%) 39,070  Related to Streetfighter Marketing, Inc. Chase line of credit (prime + 1/5, or 4.75% on 12/31) 75,000 US Bank (fixed 6.99%) 53,941 Slutsky, Jeff (8%) 10,757 Slutsky, Marc (8%) 10,901 Slutsky, Marc (0%) 5,000  Related to Target America, Inc. McGee, James - Loan (0%) 28,025  Total $4,709,848  We expect certain notes related to the ATB Media acquisition and accrued interest, totaling $4,180,680 (principal and interest) including $975,971 of related party notes to be repaid from proceeds of the sale of the radio station for which the loans were made and we have negotiated a tolling agreement with the two substantial note holders to provide time for the sale to be completed.  The full balance is reflected as a current liability.  These notes are uncollateralized, due on demand and in default.  Long-term debt at December 31, 2009, all attributed to IKON Public Affairs Group, LLC, consisted of the following:  Note payable to a bank, due in monthly installments of $3,718 including interest at prime plus 1%, maturing May 2010, secured by the personal guarantees of IKON members $156,637  Note payable to a bank, secured by company assets, with interest at prime plus 1%  Capitalized vehicle lease obligation, non-cancellable 81,529 238,166 Less: current maturities Capital lease obligation 52,970  Long-term debt $185,196  Maturities of long-term debt at 12-31-08 follow:  2010 179,931 2011 23,294 2012 23,294 2013 11,647 2014 -0- Thereafter -0- $238,166   F-19    Note 8:  Income Taxes  Because we underwent an ownership change in 2002, as defined in Section 382 of the Internal Revenue Code, our tax net operating loss carryforwards generated prior to the ownership change will be subject to an annual limitation, which could reduce or defer the utilization of those losses.  A reconciliation of U.S. statutory federal income tax rate to the effective rate follows for the years ended December 31, 2009 and 2009 follows:  Year ended Year ended Dec. 31, 2009 Dec. 31, 2008 U.S. statutory federal rate 31.96% 31.96% State income tax rate, net 6.00% 6.00% NOL for which no tax benefit is currently available -37.96% -37.96%  0.00% 0.00%  The benefit for income taxes from operations consisted of the following components at December 31, 2009: current tax benefit of $6,049,000 resulting from a net loss before income taxes, and deferred tax expense of $6,049,000 resulting from the valuation allowance recorded against the deferred tax asset resulting from net operating losses.  The benefit for income taxes from operations consisted of the following components at December 31, 2008: current tax benefit of $5,236,000 resulting from a net loss before income taxes, and deferred tax expense of $5,236,000 resulting from the valuation allowance recorded against the deferred tax asset resulting from net operating losses.  The change in the valuation allowance for the year ended December 31, 2008, was $484,000.  The change in the valuation allowance for the year ended December 31, 2009, was $813,000.  Net operating loss carryforwards at December 31, 2009, will expire in 2029.  The valuation allowance will be evaluated at the end of each year, considering positive and negative evidence about whether the asset will be realized.  At that time, the allowance will either be increased or reduced; reduction could result in the complete elimination of the allowance if positive evidence indicates that the value of the deferred tax asset is no longer impaired and the allowance is no longer required.  Note 9:  Lease Commitments  Following is information regarding the Companys real estate and auto lease commitments:  AIMS Corporate  AIMS Corporate leases one office at 10400 Eaton Place, #203, Fairfax, Virginia from Scott Group / Eaton Place Associates.  The original two-year lease expired August 31, 2008 and has been renewed yearly; we are currently paying $4,567 per month.  AIMS Interactive, Inc.  AIMS Interactive had no lease commitment in 2009.  ATB Media, Inc.  ATB Media, Inc., had no lease commitments in 2008, and management foresees no lease commitments anytime in the future.  Bill Main and Associates  Bill Main and Associates has one lease commitment beginning May 1, 2007, to Ludwika Schein, landlord, at 236 Broadway, Chico, California, ending on April 30, 2009 (two years), currently at $1,500 per month.  The lease was renewed for one extended term of five years but in early 2010 was terminated by both parties.   F-20    Harrell, Woodcock, and Linkletter  Harrell, Woodcock, and Linkletter had no lease commitments in 2009, and management foresees no lease commitments anytime in the future.  IKON Public Affairs Group, LLC  IKON Public Affairs Group, LLC, leases space from Saint James Associates Joint Venture at 200 West Washington Square, Philadelphia, starting April 8 and ending July 2009 at a monthly rate of $2,340.  It ahs been renewed.  IKON Public Affairs Group, LLC, leases office space from 837 LLC at 837 Sherman Street in the City Center in Denver, starting January 1, 2002, currently at a rate of $1,900 per month.  IKON Public Affairs Group, LLC, leases space from landlord Craig Snyder at 90 Alton Road, #2406, Miami Beach, Florida, starting January 1, 2003, and ending December 1, 2007, and renewed for another five years starting January 2008 for monthly payments equal to the payments on the first and second mortgages held on the property (amounts not stated in lease).  The last monthly payment was $4,311.25 + $514.17 condo fee, totaling $4,825.22 per month.  IKON Public Affairs Group, LLC, leases space from landlord Benny Brama at Related Properties at 217 East 96th Street, #39-F, New York City, for a two-year period starting October 2007 and ending September 2009 for a monthly payment that totals the monthly payments on the first and second mortgages as well as all coop fees.  Current payments are $3,795 per month for rent and approximately $500 per month for utilities.  IKON Public Affairs Group, LLC, leases space from landlord Craig Snyder  at 217 East 96th Street, #39-H, New York City, for a three-year period for a monthly payment that total the monthly payments on the first and second mortgages as well as all coop fees.  Current payments are $5,377.05 for monthly rent, $3,137 for monthly coop fee, and approximately $500 per month for utilities.  The lease starts May 2007 and ends April 2010.  IKON Public Affairs Group, LLC, leases an Astin Martin automobile from Premier Financial Services, LLC, for 2,210 per month, starting August 3, 2007, and ending June 2012.  IKON Public Affairs Group, LLC, leases a Becker automobile from Power MotorCar Company, for four years, starting February 2008 and ending January 2012, for $2,515 per month.  IKON Public Affairs Group, LLC, leases a Maserati QP automobile from Maserati Financial Services, beginning June 2007, for $2,548.93 per month, ending May 2011.  IKON Public Affairs Group, LLC, leases a Nissan Quest automobile from Nissan Motor Acceptance for 38 months, beginning June 2007 and ending August 2010, for $633.57 per month.  IKON Public Affairs Group, LLC, leases a 2007 Volvo automobile from Don Beyer Volvo in Falls Church, Virginia, for $754.54 per month starting June 2007 and ending May 2011.  IKON Public Affairs Group, LLC, leases a Volkswagen Beetle automobile from Volkswagen of Downtown Los Angeles for a monthly rate of $401.28, starting September 2007 and ending August 2010 (three years).  Streetfighter Marketing, Inc.  Streetfigher Marketing, Inc., leases office space at 467 Waterbury Court, Gahanna, Ohio, from Streetfighter Group for a monthly rate of $2,000.  The lease is for five years, expiring 2011.  Target America, Inc.  Target America, Inc., leases office space at 10560 Main Street, 2nd floor, Fairfax, Virginia, originally starting March 18, 2005, and ending March 17, 2008, at a monthly rate of $2,750.  In January 2008 the lease was renewed for another three years at rates of $2,922.83 for the period beginning April 1, 2008, and ending March 31, 2009; $3,066.73 for the period beginning April 1, 2009, and ending March 31, 2010; and $3,215.12 for the period beginning April 1, 2010, and ending March 31, 2011.   F-21    Target America, Inc., leases equipment for $279.60 per month via lease with GE Capital that expires March 30, 2011.  Note:  All leases detailed above are operating leases with the exception of the auto lease for the Becker which is a capital lease.  Note 10:  Stockholders' Equity  Preferred stock  The preferred stock may be issued in series as determined by the Board of Directors.  As required by law, each series must designate the number of shares in the series and each share of a series must have identical rights of (1) dividend, (2) redemption, (3) rights in liquidation, (4) sinking fund provisions for the redemption of the shares, (5) terms of conversion and (6) voting rights.  FG Investment Holdings, LLC  On July 8, 2008, the Company entered into a Series B Preferred Stock and Warrant Purchase Agreement, (the Agreement), with FG Investment Holdings, LLC.  Under the Agreement, FG Investment Holdings, LLC will purchase up to a total of 2,812,500 shares of the Companys Series B Preferred Stock at a price of $4,500,000.  The Series B Preferred Stock is convertible into common stock of the Company in the ratio of 5 shares of common for each share of Series B Preferred Stock. FG Investment Holdings, LLC also received warrants to purchase shares of the Companys Common Stock as follows: 6,000,000 shares at $0.352 and 21,875,000 shares at $0.50.  The funding is a trifurcated transaction whereby the First Round Financing consists of $150,000 in exchange for 93,750 shares of Series B Preferred Stock together with a warrant to purchase 6,000,000 shares of Common Stock at a price per share of $0.352.  The Second Round Financing of $2,250,000 in exchange for 1,406,250 shares of Series B Preferred Stock together with a warrant to purchase 21,875,000 shares of Common Stock with an exercise price of $0.50 per share and the Third Round Financing of $2,100,000 in exchange for 1,312,500 of Series B Preferred Stock requires the Company to meet certain conditions.  The Company shall pay a fee to FG Investment Holdings, LLC in the amount of $450,000 simultaneously with the consummation of the Third Closing.  The Agreement requires the Company to register the shares of common stock underlying the Series B Preferred Stock and warrants with the Securities and Exchange Commission upon demand by FG Investment Holdings, LLC.  The Agreement also requires the Company to appoint a director selected by FG Investment Holdings, LLC to the Board of Director of the Company.  Concurrent with entering the Agreement, the parties closed on the First Round Financing.  Liberty Growth Fund, LP  On July 26, 2007, the Company entered into a Preferred Stock Purchase Agreement (the Agreement) with Liberty Growth Fund LP.  Under the Agreement, Liberty could purchase up to a total of 5,000,000 shares of the Companys Series A Preferred Stock at a price of $8,000,000.  The Series A Preferred Stock is convertible into common stock of the Company in the ratio of five (5) shares of common for each share of Series A Preferred Stock.  Liberty also received warrants to purchase shares of the Companys Common Stock as follows: 21,875,000 shares at $.50, callable by the Company with certain cancellable restrictions; 4,000,000 shares at $.50; 6,000,000 shares at $1.00 and 6,000,000 shares at $2.00.  As a condition of the Agreement, the Company issued Lerota, LLC, who acted as an assigned consultant by Liberty to the transaction between the Company and Liberty, a cashless warrant for 3,143,750 shares of common stock with an exercise price of $0.01 per share in addition to cash fees of $350,000 for the first round and $450,000 for the second round.  The warrant is vested and expires July 26, 2012.  The quoted market price of the stock was $0.58 per share.  The Company valued the warrants at an average of $0.57 per share, in accordance with SFAS 123(R) using a risk-free interest rate of 4.3%, a dividend yield of 0.0%, a calculated volatility factor of 188% and an expected life of five years.  The calculated value of $1,800,000 was recorded as offering costs and charged to additional paid in capital in the financial statements.  The funding was a bifurcated transaction whereby the First Round Financing consisted of $3,850,000 in exchange for 2,187,500 shares of Series A Preferred Stock.  The Second Round Financing of $4,500,000 in exchange for 2,812,500 shares of Series A Preferred Stock had to be completed within 120 days of the date of the Agreement and required the Company to acquire a company meeting certain requirements.   F-22    If the Company failed to acquire the Second Round Acquisition Target prior to the Second Round closing date, then the Company was to issue an additional 500,000 shares of Preferred Stock to Liberty as a penalty.  However, given the pending litigation explained below the Company has not yet issued the shares.  If, for the twelve months ended December 31, 2007, the Companys pro forma EBITDA target was not met, then the Company was to issue an additional 1,600,000 shares of Preferred Stock to Liberty as a an additional penalty.  However, given the pending litigation explained below the Company has not yet issued the shares.  Further, should the Company be subject to penalties, the Company was also to issue additional warrants to purchase common stock to Lerota, LLC in the amount of 187,500 shares of Common Stock at $.01 for the Acquisition penalty and 825,000 shares of Common Stock for the EDITDA penalty.  The Agreement required the Company to register the shares of common stock underlying the Series A Preferred Stock with the Securities and Exchange Commission on Form SB-2 or S-3 and to appoint Mr. Philip A. Seifert, a principal of Liberty Growth Fund LP, to the Board of Directors of the Company.  Concurrent with entering the Preferred Stock Agreement and related agreements, including an Escrow Agreement whereby Liberty required that the escrow agent be Cardinal Trust and Investment, the parties closed on the First Round Financing.  The Company substantially used the funds to complete its acquisition of 55% of IKON Public Affairs Group, LLC, and 100% of Target America, Inc.  In an 8-K filing in August 2007 and subsequently in its Sept. 30, 2007, Form 10-QSB, the Company disclosed that on July 26, 2007 (the Closing Date) it sold 2,187,500 convertible preferred shares (the Purchased Securities) to Liberty Growth Fund L.P (Liberty).  The closing of the transaction was administered by Cardinal Trust and Investment, a Division of Cardinal Bank (Cardinal), acting as Escrow Agent pursuant to a written escrow agreement dated July 19, 2007 (the Escrow Agreement).  The Company, Liberty and Cardinal were all parties to the Escrow Agreement.  Also on July 26, 2007, pursuant to previously disclosed pre-existing agreements, the Company concurrently closed and acquired 55% of IKON Public Affairs Group, LLC, and 100% of Target America, Inc.  In discussions with Cardinal officials and representatives of Liberty after the Closing Date, the Company was advised that Liberty did not provide the funds required to complete the purchase transaction, and that Lerota LLC, which received a fee for its services in the transaction, returned the cash fee in its entirety to Cardinal.  On August 9, 2007, Cardinal filed suit in the Fairfax County Circuit Court (Civil Action No. 2007-9626), naming Philip August Seifert and Liberty Growth Fund LP as defendants, seeking recovery of funds disbursed by Cardinal together with interest and costs.  AIMS Worldwide, Inc., is not a party to the litigation.  Mr. Seifert, General Managing Partner of Liberty, died in November 2007.  Since the Closing Date, the Company continued to perform its obligations under the terms of the Stock Purchase Agreement and related agreements with Liberty.  Because of Libertys actions and the untimely death of Mr. Seifert, the Company has initiated efforts to secure replacement financing.  Although there was no assurance that alternative financing could be timely obtained on reasonable terms or at all, on February 15, 2008, the Company received a proposed term sheet from FG Investments, LLC, and a subsequent investment.  As of December 31, 2007, the Company had not incurred any liabilities under the Stock Purchase Agreement with Liberty for penalties or liquidated damages.  The Agreement required the Company to file a registration statement within 45 days of closing the Liberty transaction registering the preferred shares and underlying warrants issued in the first tranche.  However, given the pending litigation between Cardinal and Liberty and the demonstrated inability of Liberty to perform its obligations under the Stock Purchase Agreement, the Company, with no assurance that its costs and expenses associated with complying with the terms of the second tranche would be met, elected not to proceed with the registration.  In accordance with Emerging Issues Task Force Issue 98-5, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Conversion Ratios ("EITF 98-5"), the Company recognized an imbedded beneficial conversion feature present in the convertible preferred stock.  The Company recognized and measured an aggregate of $2,500,000, which is equal to the intrinsic value of the imbedded beneficial conversion feature, to additional paid-in capital and a return to the convertible preferred stock holders.  Since the preferred shares were convertible at the date of issuance, the return to the preferred shareholders attributed to the beneficial conversion feature has been recognized in full at the date the convertible preferred stock was issued.   F-23    Common stock  During 2009, we issued 1,992,500 shares of common stock as part of acquisition purchases valued at 388,525, 484,277 shares for cash for proceeds of $45,100, 1,784,037 shares for services valued at $247,189, 475,000 shares to guarantee loans valued at 65,814, and 816,406 for debt extinguishment valued at $187,773.  The shares issued were recorded at fair value based on the market price on the date of the grant.  At December 31, 2009, stock subscriptions totaling $26,000 remained receivable.  During 2008, we issued 6,161,111 shares of common stock for total proceeds of $1,085,700 and 93,750 shares of preferred stock for total proceeds of $150,000.  In addition we issued 263,090 shares of common stock for services valued at $112,738 and we issued 1,120,503 shares of common stock valued at $89,640 to investors in IKON's campaign media buying program.  The shares issued were recorded at fair value based on the market price on the date of the grant.  At December 31, 2008, stock subscriptions totaling $252,500 remained receivable.  Fair value was determined for all shares based on closing price on the day of Board approval.  Options and warrants to purchase common stock  Stock and Incentive Compensation Plans  Total compensation cost for share-based payment arrangements at December 31, 2009 and 2008:  2009 2008 Stock grants $313,003 $202,378 Stock warrants - - Total compensation cost 313,003 202,378 Income tax - - Net compensation cost $313,003 $202,378  All compensation cost has been recognized as of December 31, 2008.  A summary of the status of the Companys stock options outstanding as of December 31, 2009 and 2008: # of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractural TermAggregate Intrinsic ValueOutstanding at Dec. 31, 20078,500,000---Granted1,500,000---Exercised----Forfeited----Expired----Outstanding at Dec. 31, 200810,000,000-2.22 years-Granted1,500,000-5.0 years-Exercised----Forfeited----Expired________---Outstanding at Dec. 31, 20091,500,000-2.6 years-Exercisable at Dec. 31, 20091,500,000-2.6 years-  In 2008, options to purchase 200,000 shares of common stock for a period of five years were given to each of four officers or directors of the Company.  In addition, options scheduled to expire in 2009 were extended to expire in 2010.  The options, totaling 800,000 shares each year can be exercised at a price that is 125% of the market price at the time the options are exercised.  The exercise price of these options will continue to remain above the market price of these shares, introducing a complexity such that it is not possible to estimate the fair value of these options using option pricing models.  Accordingly, under SFAS 123R, (paragraph 25) the intrinsic model will be applied to these options.  Compensation cost reported each accounting period is based on the change in the intrinsic value.  Total compensation cost under the intrinsic model is the excess of the fair value of the stock over the option price.  No compensation expense was reported for these options in 2008 or 2007.   F-24    In 2007 and again in 2008, options to purchase 500,000 shares of common stock for a period of five years were given to each of three current and former directors at the Company.  The options, totaling 1,500,000 shares each year can be exercised at a price that is 110% of the market price at the time the options are exercised.  The exercise price of these options will continue to remain above the market price of these shares, introducing a complexity such that it is not possible to estimate the fair value of these options using option pricing models.  Accordingly, under SFAS 123R, (paragraph 25) the intrinsic model will be applied to these options.  Compensation cost reported each accounting period is based on the change in the intrinsic value.  Total compensation cost under the intrinsic model is the excess of the fair value of the stock over the option price.  No compensation expense was reported for these options in 2008 or 2009.  2008 2009 Total fair value of options vested during the period $- $- Total intrinsic value of options exercised during the period $- $-  A summary of the status of the Companys outstanding common stock warrants as of December 31, 2008 and 2009:  Number of
SharesWeighted-
Average
Exercise PriceWeighted-
Average
Remaining
Contractual
TermAggregate
Intrinsic
ValueOutstanding at December 31, 200747,067,2500.694.7 yearsGranted27,993,3330.474.5 yearsExercised--Forfeited--Expired--Outstanding at December 31, 200875,060,583.603.4 years$414,313Granted3,298,562.234.7 yearsExercised--Forfeited(35,531,250)-Expired--Outstanding at December 31, 200942,827,895.682.9 years$Exercisable at December 31, 200942,827,895.682.9 years$  In November 2007, the Company granted a consultant warrants to purchase a total of 3,500,000 shares of the Companys common stock at an exercise price of $0.001 per share.  The warrant is 50% vested and expires in December 2012.  The remaining 50% is vested on completion of planned financing.  The quoted market price of the stock was $0.23 per share.  The Company valued the warrants at an average of $0.23 per share, or $804,127, in accordance with SFAS 123(R).  The expense the vested portion of $402,064 was recorded as share-based payments of prepaid offering costs in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 4.3% Dividend yield 0.00% Volatility factor 183% Weighted average expected life 5.3 years  In December 2008, the Company granted Thomas J. Flynn warrants to purchase a total of 33,333 shares of the Companys common stock at an exercise price of $0.75 per share. The warrant is vested and expires December 2011.  The quoted market price of the stock was $0.10 per share.  The Company valued the warrants at an average of $0.08 per share, or $2,826, in accordance with SFAS 123(R).  The expense of $2,826 was recorded as share-based payments related to equity financing and charged to capital in the accompanying financial statements.   F-25    The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 4.3% Dividend yield 0.00% Volatility factor 213% Weighted average expected life 3.0 years  In July 2008, the Company granted to FG Holdings warrants to purchase a total of 6,000,000 shares of the Companys common stock at an exercise price of $0.352 per share and 21,875,000 shares of the Companys common stock at an exercise price of $0.50 per share.  The 6,000,000 warrant is vested and expires July 2012.  The 21,875,000 warrant will vest on completion of a second tier of funding.  The quoted market price of the stock was $0.18 per share.  The Company valued the warrants at an average of $0.16 per share, or $4,347,841, in accordance with SFAS 123(R).  The expense of $953,216 relating to the 6,000,000 share vested warrant was recorded as share-based payments related to equity financing and charged to capital in the accompanying financial statements.  The expense of $3,394,625 relating to the 21,875,000 share unvested warrant will be recorded as share-based payments related to equity financing and charged to capital in the financial statements when and if the vesting conditions are met.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 4.3% Dividend yield 0.00% Volatility factor 174% Weighted average expected life 3.8 years  In August and September 2008, the Company granted CapWest Securities warrants to purchase a total of 85,000 shares of the Companys common stock at an exercise price of $0.50 per share.  The warrant is vested and expires September 2010.  The quoted market price of the stock was $0.20 to $0.10 per share.  The Company valued the warrants at an average of $0.11 per share, or $9,453, in accordance with SFAS 123(R).  The expense of $9,453 was recorded as share-based payments related to equity financing and charged to capital in the accompanying financial statements. The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 4.3% Dividend yield 0.00% Volatility factor 186% Weighted average expected life 2.0 years  In June 2009, the Company granted three individuals warrants to purchase a total of 350,000 shares of the Companys common stock at an exercise price of $.352 per share in connection with the debt related to the Brandstand acquisition. The warrants are vested and expire in five years.  The quoted market price of the stock was $0.20 per share.  The Company valued the warrants at an average of $0.19 per share, or $67,510, in accordance with SPAS 123(R). The prorated value of the warrants, $56,594 was recorded as share-based payments of discount on the note payable and will be amortized to interest expense over the term of the related  note payable in the accompanying financial statements.  The fair value of the warrants was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 253% Weighted average expected life 3.0 years   F-26    In February 2009, the Company granted two consultants warrants to purchase a total of 1,898,562 shares of the Companys common stock at an exercise price of $0.10 per share. The warrants are vested and expire in five years. The quoted market price of the stock was $0.10 per share. The Company valued the warrants at an average of $0.10 per share, or $182,705, in accordance with SPAS 123(R). The expense of $182,705 was recorded as share-based payments of prepaid offering costs in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 212% Weighted average expected life 3.8 years  In September 2009, the Company granted two company officers warrants to purchase a total of 100,000 shares of the Companys common stock at an exercise price of $0.352 per share. The warrants are vested and expire in five years. The quoted market price of the stock was $0.18 per share. The Company valued the warrants at an average of $0.17 per share, or $17,517, in accordance with SPAS 123(R). The expense of $17,517 was recorded as share-based payments of operating expense in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 239% Weighted average expected life 3.8 years  In January 2009, the Company granted consultants warrants to purchase a total of 100,000 shares of the Companys common stock at an exercise price of $0.352 per share. The warrants are vested and expire in three years. The quoted market price of the stock was $0.10 per share. The Company valued the warrants at an average of $0.09 per share, or $8,892, in accordance with SPAS 123(R). The expense of $8,301 was recorded as share-based payments of interest expense in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 4.3% Dividend yield 0.00% Volatility factor 213% Weighted average expected life 3.0 years  In September 2009, the Company granted consultants warrants to purchase a total of 120,000 shares of the Companys common stock at an exercise price of $0.352 per share. The warrants are vested and expire in five years. The quoted market price of the stock was $0.13 per share. The Company valued the warrants at an average of $0.13 per share, or $15,061, in accordance with SPAS 123(R). The expense of $15,061 was recorded as share-based payments of operating expense in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 236% Weighted average expected life 3.8 years  In June 2009, the Company granted consultants warrants to purchase a total of 1,406,250 preferred shares, convertible into 7,031,250 shares of the Companys common stock at an exercise price of $0.352 per common share. The warrants are vested and expire in five years. The quoted market price of the common stock was $0.15 per share. The Company valued the warrants at an average of $0.15 per common share, or $1,027,475, in accordance with SPAS 123(R). The expense of $15,061 was recorded as share-based payments related to equity financing and charged to capital in the accompanying financial statements.   F-27    The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 243% Weighted average expected life 3.8 years  In November 2009, the Company granted two employees warrants to purchase a total of 230,000 shares of the Companys common stock at an exercise price of $1.00 per share. The warrants are vested and expire in three years. The quoted market price of the stock was $0.11 per share. The Company valued the warrants at an average of $0.10 per share, or $24,650, in accordance with SPAS 123(R). The expense of $24,650 was recorded as share-based payments of operating expense in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 237% Weighted average expected life 3.0 years  In July 2009, the Company granted an individual warrants to purchase a total of 500,000 shares of the Companys common stock at an exercise price of $0.60 per share. The warrants are vested and expire in two years. The quoted market price of the stock was $0.23 per share. The Company valued the warrants at an average of $0.21 per share, or $104,806, in accordance with SPAS 123(R). The expense of $104,806 was recorded as share-based payments related to equity financing and charged to capital in the accompanying financial statements.  The fair value of the options was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:  Risk-free interest rate 3.0% Dividend yield 0.00% Volatility factor 268% Weighted average expected life 2.0 years  Note 11:  Segment Information  We report the following information on our business segments as of and for the twelve months ended December 31, 2009:  Public AffairsPublic RelationsLocal Community MarketingInteractiveAIMSolutions ConsultingCorporateTotalRevenues$3,372,576$-$1,277,201$889,841$186,385$$-$5,726,003Gain/loss from$($19,612)$-$(345,540)$(6,747)$(43,437)$$(1,152,478)$(1,567,814)operationsNet income (loss)$(131,013)$-$(611,854)$(8,664)$(136,684)$$(1,152,478)$(2,140,693)Significant assets,
net$946,854$-$1,445,760$631,557$303,251$$374,916$3,709,338   F-28    We report the following information on our business segments as of and for the twelve months ended December 31, 2008:  MediaMediaConsultingStrategyPublicDigitalCorporateServicesPropertiesServices& PlanningAffairsMarketingOverheadTotalRevenues$-$-$229,897$839,126$11,488,888$1,405,149$-$13,963,060Gain/loss from$-$-$164,404$45,807$(2,775)$73,749$(1,169,090)$(887,874)operationsNet income (loss)$-$(238,288)$164,787$(8,864)$(97,448)$74,367$(1,169,060)$(1,274,507)Significant assets,
net$-$-$331,246$962,747$2,944,852$2,188,064$450,492$6,807,401  Note 12: Subsequent Events  In March 2010 AIMS management negotiated agreements with Hamilton International Advisors, Inc., and Mindshare Holdings, Inc., Hamilton/Mindshare loaned the Company $500,000 in working capital with a $50,000 interest payment due in August 2010 followed by 10% of outstanding balance, secured by the accounts receivable of the Company.  In April 2010 AIMS management renegotiated a February 2009 consulting agreement with Maxim Group, alleviating a $10,000 monthly fee.  In January 2010 the Company agreed to a Third Amendment when FG Investments, LLC, loaned the Company an additional $6,618; in this amendment the Company agreed to an origination fee of $7,623 and warrants to purchase 152,000 shares of the Company's common stock at $.352 (35.2 cents) per share.  Note 13: Prior Year Restatement:  The Company restated its prior years financial statements to account for the reclassification of a portion of its goodwill to intangible assets subject to amortization.  In addition the Company restated to recognize impairment of goodwill and the reclassified intangibles.  The effect of the restatement resulted in a decrease in beginning 2008 owners equity of $4,071,325. The effect on the 2008 statement of operations was an increase in net loss from operations of $217,349.    F-29