|  |
|--|

| Utah                                                                  |  | Fed ID 87-9369569                    |
|-----------------------------------------------------------------------|--|--------------------------------------|
| (State or other jurisdiction of incorporation        or Organization) |  | (IRS Employer Identification Number) |

| 3940-7 Broad Street, #200, San Luis        Obispo, CA |   | 93401      |   |
|-------------------------------------------------------|--------|------------|--------|
| (Address of principal executive offices)              |        | (Zip Code) |   |

----

|    | Part I                                                                                                                      |   |   |
|--------------|-----------------------------------------------------------------------------------------------------------------------------|--------|--------|
|         |                                                                                                                   | Page   |   |
| Item 1.      | Description of Business.                                                                                                    | 3      |   |
|         |                                                                                                                        |        |   |
| Item 2.      | Description of Property.                                                                                                    | 3      |   |
|         |                                                                                                                        |        |   |
| Item 3.      | Legal Proceedings.                                                                                                          | 3      |   |
|         |                                                                                                                        |        |   |
| Item 4.      | Submission of Matters to Vote      of Security Holders.                                                                     | 3      |   |
|         |                                                                                                                        |        |   |
|         | Part ll                                                                                                                     |   |   |
|         |                                                                                                                        |        |   |
| Item 5.      | Market for Common Equity and Related      Stockholder Matters.                                                              | 3-4    |   |
|         |                                                                                                                        |        |   |
| Item 6.      | Management's Discussion and Analysis      or Plan of Operation.                                                             | 5      |   |
|         |                                                                                                                        |        |   |
| Item 7.      | Financial Statements.                                                                                                       | 6      |   |
|         |                                                                                                                        |        |   |
| Item 8.      | Changes in and Disagreements With      Accountants Accounting And Financial Disclosure.                                     | 6      |   |
|         |                                                                                                                        |        |   |
| Item 8A.     | Controls and Procedures.                                                                                                    | 7      |   |
|         |                                                                                                                        |        |   |
| Item 8B.     | Other Information.                                                                                                          | 7      |   |
|         |                                                                                                                        |        |   |
|              | Part lll                                                                                                                    |        |   |
|         |                                                                                                                        |        |   |
| Item 9.      | Directors, Executive Officers,      Promoters, and Control Persons; Compliance with Section 16(a) of the Exchange      Act. | 7-8    |   |
|         |                                                                                                                        |        |   |
| Item 10.     | Executive Compensation.                                                                                                     | 9      |   |
|         |                                                                                                                        |        |   |
| Item 11.     | Security Ownership of Certain      Beneficial Owners and Management.                                                        | 9-10   |   |
|         |                                                                                                                        |        |   |
| Item 12.     | Certain Relationships and Related      Transactions.                                                                        | 10     |   |
|         |                                                                                                                        |        |   |
| Item 13.     | Exhibits, Financial Statement      Schedules and Reports on Form 8-K.                                                       | 11     |   |
|         |                                                                                                                        |   |   |
| Signatures   |                                                                                                                        | 11     |   |

----

----

| Fiscal 2007        | High  | Low   |   |
|--------------------|-------|-------|--------|
| March 31, 2007     | $2.60 | $1.10 |   |
| June 30, 2007      | $1.95 | $.30  |   |
| September 30, 2007 | $1.01 | $.45  |   |
| December 31, 2007  | $.90  | $.35  |   |

| Fiscal 2006        | High  | Low   |   |
|--------------------|-------|-------|--------|
| March 31, 2006     | $1.60 | $.60  |   |
| June 30, 2006      | $3.20 | $.60  |   |
| September 30, 2006 | $2.30 | $.50  |   |
| December 31, 2006  | $3.00 | $1.40 |   |

----

----

----

| Name             |   | Age    |   | Position With Company          |   | Year First Became |   | Director or Officer |
|------------------|--------|--------|--------|--------------------------------|--------|-------------------|--------|---------------------|
|             |   |   |   |                           |   |                   |   |                |
| Michael Forster  |        | 42     |        | Current CEO/President/Chairman |        | 2006              |        | Both                |
|             |   |   |   |                           |   |                   |   |                |
| Adam M. Elmquist |        | 23     |        | Director                       |        | 2007              |        | Director            |
|             |   |   |   |                           |   |                   |   |                |
| David J. Forster |        | 38     |        | Director                       |        | 2007              |        | Director            |

----

----

|                                           |             | **Annual Compensation** | **Long Term Compensation** |                                            |
|------------------------------------------------|------------------|-------------------------|----------------------------|-------------------------------------------------|
|                                           |             |                    |                       |                                            | **Awards** | **Payouts** |   |
| **Name and Principal         Position**        | **Yr.**          | **Salary        ($)**   | **Bonus        ($)**       | **Other Annual        Compensation        ($)** | **Restricted        Stock        Award(s)        ($)** | **Securities        Underlying        Options/SARs        (#)** | **LTIP        Payouts        ($)** | **All Other         Compensation        ($)** |
| Michael Forster        (CEO &        Chairman) | 2006        2007 | 0        60,000         | 0        0                 | 0        0                                      | 0        0 | 0        0 | 0        0 | 0        0 |
|                                           |             |                    |                       |                                            |   |   |   |   |
| David Forster        (Director)                | 2006        2007 | N/A        0            | N/A        0               | N/A        0                                    | N/A        0 | N/A        0 | N/A        0 | N/A        0 |
|                                           |             |                    |                       |                                            |   |   |   |   |
| Adam Elmquist        (Director)                | 2006        2007 | N/A        0            | N/A        0               | N/A        0                                    | N/A        0 | N/A        0 | N/A        0 | N/A        0 |

----

| Title of Class |   | Name and Address of     Beneficial        Owner                  |        | Amount and Nature (1)         Of Beneficial Owner |        | Percent        of Class (2) |   |
|----------------|--------|--------------------------------------------------------------------------------------|--------|---------------------------------------------------|--------|-----------------------------|--------|
|           |   |                                                                                 |   |                                              |   |                        |   |
| Common         |        | Michael Forster       3873 Sequoia Drive       San Luis Obispo, CA 93401             |        | 20,000,000                                        |        | 73.9%                       |        |
|           |   |                                                                                 |   |                                              |   |                        |   |
| Common         |        | Adam M. Elmquist (1)       3873 Sequoia Drive       San Luis Obispo, CA. 93401       |        | 0                                                 |        | 0%                          |        |
|           |   |                                                                                 |   |                                              |   |                        |   |
| Common         |        | David J. Forster (2)      619 Camino Contento       Arroyo Grande, CA. 93420         |        | 0                                                 |        | 0%                          |        |
|           |   |                                                                                 |   |                                              |   |                        |   |
|           |   |                                                                                 |   |                                              |   |                        |   |
|           |        | Includes all Officers and       Directors of the Company       As a group (1 person) |        | 20,000,000                                        |        | 73.9%                       |        |

|   | 1 | Adam M. Elmquist is a director of the Company. |
|--------|---|------------------------------------------------|
|   | 2 | David J. Forster is a director of the Company. |

| - | Any director or executive officer of the Company;                                                                          |
|---|----------------------------------------------------------------------------------------------------------------------------|
| - | Any nominee for election as a director;                                                                                    |
| - | Any security holder named in the "Security      Ownership of Certain Beneficial Owners and "management" section above; and |
| - | Any member of the immediate family (including      spouse, parents, children, siblings, and in-laws) of any such person.   |

----

|   |                                                                                                    |     |
|--------|---------------------------------------------------------------------------------------------------------|----------|
|   | Index to Financial Statements                                                                           | **Page** |
|   |                                                                                                    |     |
|   | Report of Independent Registered      Public Accountant Accounting Firm                                 | F-1      |
|   |                                                                                                    |     |
|   | Consolidated Balance Sheet      as of December 31, 2007.                                                | F-2      |
|   |                                                                                                    |     |
|   | Consolidated Statements of      Operations for the Years ended December 31, 2007 and 2006.              | F-3      |
|   |                                                                                                    |     |
|   | Consolidated Statements of      Stockholders' (Deficit) for the Years ended December 31, 2007 and 2006. | F-4      |
|   |                                                                                                    |     |
|   | Consolidated Statements of      Cash Flows for the Years Ended December 31, 2007 and 2006.              | F-5      |
|   |                                                                                                    |     |
|   | Notes to Financial Statements.                                                                          | F-6-12   |

| **Exhibit            Number** | **Description** |   |
|-------------------------------|-----------------|--------|

| 31.1 | Certification by Michael Forster, Chief Executive      Officer and Chief Financial Officer, pursuant to Section 302of the Sarbanes-      Oxley Act of 2002 |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 32.1 | Certification by Michael Forster, Chief Executive      Officer and Chief Financial Officer, pursuant to Section 906of the Sarbanes-      Oxley Act of 2002 |

|   | ***Power-Save Energy Company***                                                                                                                                                                                                                                                                                       |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                  |   |
|   | By s/ Michael Forster                                                 |   |
|   |       Michael      Forster                                                                                                                                                                                                                                                              |   |
|   |       Chief Executive      Officer                                                                                                                                                                                                                                                      |   |
|   |                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                  |   |

----

| **Gruber & Company, LLC**     |                         |
|-----------------------------------|-------------------------|
|                              |                    |
| Certified Public Accountant       | Telephone (636)561-5639 |
| 121 Civic Center Drive, Suite 125 | Fax (636)561-0735       |
| Lake Saint Louis, Missouri 63367  |                         |

----

|                                                                                                                                                                                                       |   |    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|
| **Assets**                                                                                                                                                                                            |   |         |   |
|                                                                                                                                                                                                  |   |         |   |
| Current Assets                                                                                                                                                                                        |   |         |   |
| Cash and cash equivalents                                                                                                                                                                             | $      | 441,989 |   |
| Accounts receivable                                                                                                                                                                                   |   | 46,423  |   |
| Inventory                                                                                                                                                                                             |   | 110,868 |   |
| Prepaid expense                                                                                                                                                                                       |   | 10,000  |   |
|                                                                                                                                                                                                       |   |         |   |
|                          **Total      current assets**                   |   | 609,280 |   |
| Equipment, net      of accumulated depreciation                                                                                                                                                       |   | 5,689   |   |
| Intangible assets, net of accumulated amortization                                                                                                                                                    |   | 11,120  |   |
|                                                                                                                                                                                                  |   |         |   |
|                        **  Total      assets**                           | $      | 626,089 |   |
|                                                                                                                                                                                                  |   |    |   |
| Liabilities and stockholders' equity                                                                                                                                                                  |   |         |   |
| ** **                                                                                                                                                                                            |   |         |   |
| Liabilities                                                                                                                                                                                           |   |         |   |
|                                                                                                                                                                                                  |   |         |   |
| Current Liabilities                                                                                                                                                                                   |   |         |   |
| Accounts payable                                                                                                                                                                                      |   | 47,034  |   |
| Income taxes payable                                                                                                                                                                                  |   | 118,158 |   |
|                                                                                                                                                                                                  |   |         |   |
|                          **Total      current liabilities**              |   | 165,192 |   |
|                                                                                                                                                                                                  |   |         |   |
| Stockholders' equity                                                                                                                                                                                  |   |         |   |
| Common stock,$.001 par value,      100,000,000 shares authorized         27,031,168 and 31,230,295issued and outstanding                                                                         |   | 27,031  |   |
| Additional paid-in-capital                                                                                                                                                                            |   | 260,969 |   |
| Retained earnings (deficit)                                                                                                                                                                           |   | 172,897 |   |
|                                                                                                                                                                                                  |   |         |   |
|                         ** **Total      Stockholders' equity             |   | 460,897 |   |
|                                                                                                                                                                                                  |   |         |   |
|                          Total      liabilities and stockholders' equity | $      | 626,089 |   |
|                                                                                                                                                                                                  |   |    |   |

----

|                                                     | 2007   |       | 2006   |   |
|----------------------------------------------------------|--------|------------|--------|--------|
|                                                     |   |            |   |   |  |   |
| **Revenue, net**                                         | $      | 2,309,908  |   | $      | 650,692 |   |
|                                                     |   |            |   |   |  |   |
| **Cost of sales**                                        |   |       |   |   |   |   |
| Merchandise                                              |   | 400,092    |   |   | 255,103 |   |
| Other costs                                              |   | 39,783     |   |   | 24,881 |   |
|                                                     |   |            |   |   |  |   |
| Total cost of sales                                      |   | 439,875    |   |   | 279,984 |   |
|                                                     |   |            |   |   |  |   |
| Gross margin                                             |   | 1,870,033  |   |   | 370,708 |   |
|                                                     |   |            |   |   |  |   |
| Operating expenses                                       |   |            |   |   |  |   |
| Advertising and promotion                                |   | 296,483    |   |   | 208,386 |   |
| Sales Commissions                                        |   | 655,558    |   |   | 183,375 |   |
| General and administrative                               |   | 465,096    |   |   | 120,214 |   |
|                                                     |   |            |   |   |  |   |
| Total operating costs and expenses                       |   | 1,417,137  |   |   | 511,975 |   |
|                                                     |   |       |   |   |   |   |
| Net income (loss) before provision for income      taxes |   | 452,896    |   |   | (141,267 | ) |
|                                                     |   |       |   |   |   |   |
| Provision for income taxes                               |   | 118,158    |   |   |   |   |
|                                                     |   |            |   |   |  |   |
| Net income (loss)                                        | $      | 334,738    |   | $      | (141,267 | ) |
|                                                     |   |       |   |   |   |   |
| Weighted average number of shares outstanding            |   | 27,031,168 |   |   | 25,603,702 |   |
|                                                     |   |       |   |   |   |   |
| Net income (loss) per share                              | $      | .012       |   | $      | (.006 | ) |
|                                                     |   |       |   |   |   |   |

----

|                                                                                                                                                                                                    |   |              |   |   |         |   |   | Additional |        |        | Retained   |   |   |          |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|--------|---------|--------|--------|------------|--------|--------|------------|--------|--------|----------|--------|
|                                                                                                                                                                                                    |   | Common Stock |        |        | Paid-In |        |        | Earnings   |   |   |            |   |
|                                                                                                                                                                                                    |   | Issued       |        |        | Amount  |        |        | Capital    |        |        | (Deficit)  |        |        | Total    |   |
|                                                                                                                                                                                                    |   |         |   |   |    |   |   |       |   |   |       |   |   |     |   |
| Balance January 1, 2006                                                                                                                                                                                 |   | 70,312,500   |   |   | 70,313  |   |   | 199,687    |   |   | (20,574    | )      |   | 249,426  |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Common stock issued as partial      payment          For the Asset Purchase Agreement          Between the Company and Advanced          Builder Energy Technologies, LLC |   | 4,687,500    |   |   | 4,687   |   |   | 13,313     |   |   | --         |   |   | 18,000   |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Acquisition of Safari Associates      Inc.                                                                                                                                                              |   | 2,537,384    |   |   | 2,537   |   |   | 2,726,593  |   |   | (3,509,011 | )      |   | (779,881 | )      |
|                                                                                                                                                                                                    |   |         |   |   |    |   |   |       |   |   |       |   |   |     |   |
| Recapitalization                                                                                                                                                                                        |   | --           |   |   | --      |   |   | (3,509,011 | )      |   | 3,509,011  |   |   | --       |   |
|                                                                                                                                                                                                    |   |         |   |   |    |   |   |       |   |   |       |   |   |     |   |
| Reverse stock split                                                                                                                                                                                     |   | (51,691,589  | )      |   | (51,692 | )      |   | 51,692     |   |   | --         |   |   | --       |   |
|                                                                                                                                                                                                    |   |         |   |   |    |   |   |       |   |   |       |   |   |     |   |
| Conversion of Safari Associates      Inc          Debt to common stock                                                                                                                        |   | 5,384,500    |   |   | 5,385   |   |   | 774,496    |   |   | --         |   |   | 779,881  |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Net loss incurred for the      year ended          December 31, 2006                                                                                                                          |   | --           |   |   | --      |   |   | --         |   |   | (141,267   | )      |   | (141,267 | )      |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Balance, December 31, 2006                                                                                                                                                                              |   | 31,230,295   |   |   | 31,230  |   |   | 256,770    |   |   | (161,841   | )      |   | 126,159  |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Common stock subsequently cancelled          On conversion of debt                                                                                                                            |   | (4,199,127   | )      |   | (4,199  | )      |   | 4,199      |   |   | --         |   |   | --       |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Net income for the year ended               December 31, 2007                                                                                                                                 |   | --           |   |   | --      |   |   | --         |   |   | 334,738    |   |   | 334,738  |   |
|                                                                                                                                                                                                    |   |              |   |   |         |   |   |            |   |   |            |   |   |          |   |
| Balance, December 31, 2007                                                                                                                                                                              |   | 27,031,168   |   | $      | $27,031 |   | $      | 260,969    |   | $      | 172,897    |   | $      | 460,897  |   |
|                                                                                                                                                                                                    |   |         |   |   |    |   |   |       |   |   |       |   |   |     |   |

----

|                                                                                                                                   | 2007   |    | 2006   |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|
| Cash flows from operating      activities                                                                                              |   |         |   |   |  |   |
| Net Income (loss)                                                                                                                      | $      | 334,738 |   | $      | (141,267 | ) |
| Adjustments to reconcile      net income (loss) to net cash         Provided by operating activities                         |   |         |   |   |  |   |
|                Depreciation      and amortization           |   | 1,830   |   |   | 714 |   |
|        Change      in operating assets and liabilities                                              |   | --      |   |   | -- |   |
|                Increase      in accounts receivable         |   | (26,980 | )      |   | (19,443 | ) |
|                Increase      in inventory                   |   | (59,906 | )      |   | (13,889 | ) |
|                Increase      in prepaid expenses            |   | (10,000 | )      |   | -- |   |
|                Increase      (decrease) in accounts payable |   | 11,844  |   |   | 35,190 |   |
|                Increase      in income taxes payable        |   | 118,158 |   |   | -- |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Net cash used in operating activities                                                                                                  |   | 369,684 |   |   | (138,695 | ) |
|                                                                                                                                        |   |         |   |   |  |   |
| Cash flows from investing activities                                                                                                   |   |         |   |   |  |   |
|                Acquisition      of equipment                |   | (4,468  | )      |   | (2,376 | ) |
|                               |   |    |   |   |   |   |
| Net cash used by investing      activities                                                                                             |   | (4,468  | )      |   | (2,376 | ) |
|                                                                                                                                   |   |    |   |   |   |   |
| Cash flows from investing      activities                                                                                              |   |         |   |   |  |   |
|               Net      Proceeds from line of credit, net         |   | (13,137 | )      |   | 13,137 |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Net cash provided by financing activities                                                                                              |   | (13,137 | )      |   | 13,137 |   |
|                                                                                                                                   |   |    |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                                                                   |   | 352,079 |   |   | (127,934 | ) |
|                                                                                                                                        |   |         |   |   |  |   |
| Cash and cash equivalents at beginning of year                                                                                         |   | 89,910  |   |   | 217,844 |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Cash and cash equivalents at end of year                                                                                               | $      | 441,989 |   | $      | 89,910 |   |
|                                                                                                                                        |   |    |   |   |   |   |
| Supplemental disclosure of cash flow information                                                                                       |   |         |   |   |  |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Income taxes paid                                                                                                                      |   | --      |   |   | -- |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Interest paid                                                                                                                          |   | --      |   |   | -- |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Stock issued to retire debt                                                                                                            |   | --      |   | $      | 779,881 |   |
|                                                                                                                                        |   |         |   |   |  |   |
| Stock issued to acquire equipment and inventory                                                                                        |   | --      |   | $      | 18,000 |   |

----

----

----

----

----

|                                                          |   | 2007    |   |   | 2006 |
|---------------------------------------------------------------|--------|---------|--------|--------|------|
| Federal income tax                                            | $      | 92,475  |   | $      | -    |
| State income tax                                              |   | 25,683  |   |   | -    |
|                                                          |   |         |   |   |      |
| Total                                                         | $      | 118,158 |   | $      | -    |
|                                                          |   |         |   |   |      |
| Income taxes based on statutory tax rates are      as follows |   |         |   |   |      |
|                                                          |   |         |   |   |      |
| Federal income taxes                                          | $      | 153,338 |   | $      | -    |
| State income tax                                              |   | 36,491  |   |   | -    |
| Benefit of Federal and State NOL carry forward                |   | (68,609 | )      |   | -    |
| Permanent timing differences                                  |   | (3,062  | )      |   | -    |
|                                                          |   |         |   |   |      |
| Total                                                         | $      | 118,158 |   | $      | -    |

----

|   | Intangible assets, at cost  | $      | 12,510 |   |
|--------|-----------------------------|--------|--------|--------|
|   | Less - amortization allowed |   | 1,390  |   |
|   |                        |   |        |   |
|   |                        | $      | 11,120 |   |
|   |                        |   |   |   |

|   | Inventory         | $      | 95,490  |   |
|--------|-------------------|--------|---------|--------|
|   | Intangible assets |   | 12,510  |   |
|   |              |   |         |   |
|   |              | $      | 108,000 |   |
|   |              |   |    |   |

----

----