UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-K




(Mark
One)




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




For the
fiscal year ended:  December 31,
2008




Or




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




Commission
File No. 333-140378




BLINDSPOT ALERT,
INC.


(Exact
name of small business issuer as specified in its charter)




Nevada
            
            20-5150818(State
      or other jurisdiction of incorporation or
              organization)
            
            (I.R.S.
      Employer Identification No.)





1
Hampshire Court, Newport Beach, California 92660


(Address
of Principal Executive Offices)





(949)
642-7816


(Issuer’s
telephone number)




Promotions
on Wheels Holdings, Inc.


2204
Timber Rose Drive, Las Vegas, Nevada 89134


(Former
name, former address and former fiscal year, if changed since last
report)





Securities
registered under Section 12(b) of the Exchange Act:


None





Securities
registered under Section 12(g) of the Exchange Act:


Common
stock $.001 par value


(Title of
class)





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.


.   Yes
o No x





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act.


Yes o No x








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





Indicate
by check mark if disclosure of delinquent filers in response to Item 405 of
Regulation S-B 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. o





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 definition of “large accelerated filer”, “accelerated
filer”, and “small reporting company” in Rule 12b-2 of the Exchange
Act.  (check one)


Large
accelerated filer: . o       Accelerated
filer: . o      Non-accelerated
filer: . oSmall reporting company: . x





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


State
issuer's revenues for its most recent fiscal year: $0





The
aggregate market value of the voting and non-voting common equity held by
non-affiliates (affiliates being, for these purposes only, directors, executive
officers and holders of more than 5% of the registrant’s common
stock):  0 based on 4,550,000 non-affiliate shares outstanding at
$0.00 per share.  No bid price was quoted during the most recently
completed second fiscal quarter.





The
number of shares the registrant's of common stock, $0.001 par value per share,
outstanding as of March 31, 2009 was 22,300,000





Documents
incorporated by reference: none


2


Forward
Looking Statements




This
report contains “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 with respect to the financial
condition, results of operations, business strategies, operating efficiencies or
synergies, competitive positions, growth opportunities for existing products,
plans and objectives of management, markets for stock of Blindspot Alert, Inc.
and other matters. Statements in this report that are not historical facts are
“forward-looking statements” for the purpose of the safe harbor provided by
Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange
Act”) and Section 27A of the Securities Act of 1933, as amended. Such
forward-looking statements, including, without limitation, those relating to the
future business prospects, revenues and income of Blindspot Alert, Inc.,
wherever they occur, are necessarily estimates reflecting the best judgment of
the senior management of Blindspot Alert, Inc. on the date on which they were
made, or if no date is stated, as of the date of this report. These
forward-looking statements are subject to risks, uncertainties and assumptions,
including those described in the “Risk Factors” described below, that may affect
the operations, performance, development and results of our business. Because
the factors discussed in this report could cause actual results or outcomes to
differ materially from those expressed in any forward-looking statements made by
us or on our behalf, you should not place undue reliance on any such
forward-looking statements. New factors emerge from time to time, and it is not
possible for us to predict which factors will arise. In addition, we cannot
assess the impact of each factor on our business or the extent to which any
factor, or combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements.




You
should understand that the following important factors, in addition to those
discussed in the “Risk Factors” section could affect our future results and
could cause those results to differ materially from those expressed in such
forward-looking statements:




•           general
economic conditions;




•           the
effectiveness of our planned advertising, marketing and promotional
campaigns;




•           anticipated
trends and conditions in the industry in which we operate, including regulatory
changes;




•           our
future capital needs and our ability to obtain financing; and




•           other
risks and uncertainties as may be detailed from time to time in our public
announcements and filings with the Securities and Exchange Commission
(“SEC”).




Although
we believe that our expectations are reasonable, we cannot assure you that our
expectations will prove to be correct. Should any one or more of these risks or
uncertainties materialize, or should any underlying assumptions prove incorrect,
actual results may vary materially from those described in this report as
anticipated, believed, estimated, expected or intended.




Except to
the extent required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or any other reason. All subsequent forward-looking statements
attributable to us or any person acting on our behalf are expressly qualified in
their entirety by the cautionary statements contained or referred to herein. In
light of these risks, uncertainties and assumptions, the forward-looking events
discussed in this report may not occur.




3




TABLE
OF CONTENTS





PAGEPART IItem
      1:     Business
                                5Item 1A:  Risk
      Factors
                                6Item 1B:  Unresolved
      Staff Comments
                                8Item
      2:     Properties
                                8Item
      3:     Legal Proceedings
                                8Item
      4:     Submission of Matters to a Vote of
      Security Holder
                                8PART IIItem
      5:     Market for Registrant’s Common Equity.
      Related Stockholder Matters and Issuer  Purchases
                                  of Equity
                                8Item
      6:     Selected Financial Data
                                9Item
      7.     Management’s Discussion and Analysis of
      Financial Condition and Results of  Operation
                                9Item 7A:  Quantitative
      and Qualitative Disclosures about Market Risk
                                11Item
      8:      Financial Statements and
      Supplementary Data
                                11Item
      9.      Changes in and Disagreements with
      Accountants on Accounting and
    Financial  Disclosures
                                12Item 9A(T)  Controls
      and Procedures
                                12Item
      9B     Other Information
                                12Part IIIItem
      10:     Directors, Executive Officers and
      Corporate Governance
                                13Item
      11.     Executive Compensation
                                14Item
      12:     Security Ownership of Certain Beneficial
      Owners and Management and Related  Stockholder
      Matters
                                14Item
      13:     Certain Relationships and Related
      Transactions, and Director Independence
                                14Item
      14:     Principal Accounting Fees and
      Services
                                15Part IVItem
      15:     Exhibits, Financial Statement
      Schedules
                                15Exhibit 31.1Exhibit
      31.2Exhibit 32.1Exhibit
      32.2


4


PART
I





ITEM
1.  BUSINESS





Business
Development





We were
incorporated on July 3, 2006 in the State of Nevada under the name Promotions on
Wheels Holdings, Inc.  We changed our name on December 12,
2008.  The Company was originally a developmental stage company with a
principal business objective of offering live promotions and marketing events
utilizing unique custom built mobile displays.  On July 21, 2008, we
discontinued that business.





On June
30, 2008, the Company entered into a License Agreement (“License”) with WQN,
Inc., a Texas corporation (“WQN”), which, in consideration for the sum of
$300,000 grants the Company the right to market and sell WQN’s WebSafety
software products.  The License covers software products that have
been developed by WQN and grants the Company an exclusive right for a period of
12 months to market and sell the software products through the Home Shopping
Network, QVC, Inc., CVS Pharmacy, WalMart, and Walgreens  and the non
exclusive right to market and sell the software products
worldwide.  The Company has attracted a team of experienced,
professional marketing personnel to market the software products.





The
License provides for the Company to retain 65% of all revenue received from the
sale of CYBERSAFETY software and to pay 35% of all revenue to the Licensor,
WQN.  The License Agreement requires Licensor to provide Company
technical and customer support and requires Licensor to provide Company with all
future updates of the software.





Business
of Issurer





We are a
development stage company that has not significantly commenced its planned
principal operations.  Our operations to date have been devoted
primarily to startup and development activities, which include the
following:





1.      Development
of the business plan;


2.      Research
on child safety software products and potential markets;


3.      Coordination
with the licensor on the development of the software products;


4.      Formulate
a marketing plan and marketing campaign in an effort to introduce our products
to the market;


5.      Create
websites for the Company and products;


6.      Identify
appropriate distribution channels utilizing independent sales
representatives.





We are
attempting to become operational.  In order to generate revenue we
must address the following areas:





1.      Complete
the development of our software products: We continue to work with the licensor
and its software programmers to complete the software products and provide for
the downloading of the software products form our website.


2.      Develop
and implement a Marketing Plan: In order to penetrate our targeted markets, we
will use a multi-faceted marketing plan that includes high-end websites and
target specific marketing campaigns that are directed to specific groups whose
members will benefit from the software.


3.      Creation
of our website:  We have secured a website domain located at
www.blindspotalert.com.  The website is currently under construction
and upon securing additional funding, we will complete and enhance the
website.





Since our
inception on July 3, 2006, we have not generated any significant revenues and
have incurred a cumulative net loss of $644,807.  We believe that we
must raise additional capital of at least $1,000,000 through the sale of equity
for us to become operational and sustain operations through the next twelve (12)
months.  The capital raise has been budgeted to establish our
infrastructure and marketing and sales campaign.  We believe that the
recurring revenues from sales of software products eventually will be sufficient
to support ongoing operations.  There can be no assurance that the
actual expenses incurred will not materially exceed our estimates or that cash
flow from sales will be adequate to maintain our business.  As a
result, our independent auditors have expressed substantial doubt about our
ability to continue as a going concern in the independent auditor’s report to
the financial statements included in this report.





We
currently have three executive officers and three directors.  These
individuals allocate time on a part-time basis.  We do not have any
employees.


5


ITEM
1A.  RISK
FACTORS





The
Company was organized during 2006, is at an early stage of operation and has no
substantial revenue.  The Company has recently ceased its operations
in order to devote its full resources toward marketing, selling and distributing
the CYBERSAFETY software products.  The earliest date the Company
anticipates receiving revenue from sales of the CYBERSAFETY software is during
the second half of 2009.  The Company will need to generate
significant revenues to overcome an accumulated deficit and obtain
profitability. The Company may never achieve profitability. If revenues grow
more slowly than anticipated, or if operating expenses exceed expectations the
Company’s business, results of operations, and financial condition could be
materially adversely affected.





RISKS
RELATING TO OUR BUSINESS





THE
COMPANY HAS A LIMITED OPERATING HISTORY AND FACES SIGNIFICANT RISKS AND
CHALLENGES IN BUILDING THE  BUSINESS





As a
result of the Company’s limited operating history, to achieve profitability, the
Company must successfully and timely market and sell the CYBERSAFETY software.
Although the Company has very concrete and specific marketing and sales programs
to be implemented, the Company cannot guarantee the success of such programs and
alternately, more expensive marketing and sales programs may need to be
implemented.  Additionally, although the Company believes that a
strong market exists for the CYBERSAFETY software, the Company has conducted no
scientific, reliable market surveys but has only performed its own research and
due diligence to ascertain the security concerns of parents and others
responsible for the safety of children.  A more scientific analysis
could prove that no market exists for the CYBERSAFETY software that the Company
intends to market and sell; or, if the market exits, the Company may not be able
to reach the market with the Company’s limited financial resources and marketing
budget. There can be no assurance that the Company will be able to successfully
generate revenues.  The Company has no significant historical basis to
assess how it might respond to competitive, economic, regulatory, or
technological challenges.  The Company’s business must be considered
in light of the risks and uncertainties frequently encountered by companies in
the very early stages of development, particularly companies that operate in new
and rapidly developing industries and marketplaces.  The Company’s
failure to adequately address these risks and uncertainties and rapidly respond
to adverse developments as they occur could materially impact the Company’s
ability to achieve profitability and, if profitability is achieved, to sustain a
level of operations that will cause profitability to be
sustained.  Although the Company intends to hire numerous people to
implement the business of the Company, there is no assurance that the Company
will hire the right people or that future changes will not have to be made to
find the right people to implement the Company’s business
strategy.  There is no assurance that the Company’s business strategy
or marketing plans will achieve success.





THE
COMPANY’S RELIANCE ON THE CAPABILITIES OF THE CYBERSAFETY SOFTWARE AND THE
LICENSOR, WQN, INC.





The
Company is heavily dependent upon the capabilities of the CYBERSAFETY software
and of the ability of the Company’s Licensor, WQN, Inc., to provide technical
and other support of the software. The failure of the software to accomplish the
objectives as represented will hamper if not destroy the Company’s marketing
efforts as will the failure or inability of WQN, Inc. to capably provide
technical support for the software.





COMPANY’S
RELIANCE UPON EXECUTIVES AND CONSULTANTS





The
Company’s success is highly dependent upon executive officers and key
consultants identified in this report for critical management decisions
and  to implement and pursue the Company’s business and marketing
plan.  A loss of any of the executives or consultants through
incapacity or for any other reason could materially adversely impact the ability
of the Company to complete its business and marketing plan and would require the
Company to seek the assistance of other qualified personnel who may not be
available.





CHALLENGES
FROM COMPETITION





Although
the Company is unaware of an available product that contains all the
characteristics, features and capabilities of the CYBERSAFETY software, in the
dynamic, ever changing field of technology, many companies of all sizes and
capabilities are constantly  engaged in software
development.  With the notoriety given to child molesters, pedophiles
and others causing harm and sometimes death to children, a reasonable assumption
is that many companies are currently engaged in software development activities
that will possess many of the characteristics and capabilities possessed by
CYBERSAFETY software.  In the event another company successfully
develops and markets a competitive product before the Company can establish a
significant presence in its target markets, the Company may never be able to
achieve a level of revenue to sustain the Company’s operations. In addition,
there will be inherent competition from the license from WQN, as both the
Company and WQN will be selling/licensing the same product to consumers and
retailers.  There is no assurance that the Company’s marketing and
branding programs will be more efficient than those of
WQN.  Additionally, other than to those sales outlets identified
above, the Company’s License is non-exclusive and WQN not only has the right to
market and sell the software under its WebSafety brand in competition with
Company but also has the right to issue licenses to other parties that may be
more capable of marketing and selling the software than
Company.


6





RISKS
RELATED TO OUR COMMON STOCK





IF
MARKET FOR OUR COMMON STOCK DOES NOT DEVELOP, OUR STOCKHOLDERS MAY BE UNABLE TO
SELL THEIR SHARES.





There is
currently a limited market for our common stock and we can provide no assurance
that a more liquid market will develop. If a liquid market does not develop for
our shares, it will be difficult for stockholders to sell their
stock.  In such a case, stockholders may find that they are unable to
achieve benefits from their investment.





IF
A MARKET FOR OUR COMMON STOCK DEVELOPS, OUR STOCK PRICE MAY BE
VOLATILE.





If a
market for our common stock develops, the price at which our common stock will
trade may be highly volatile and may fluctuate as a result of a number of
factors, including the number of shares available for sale in the market,
quarterly variations in our operating results, actual or anticipated
announcements of new data, studies, products or services by us or competitors,
regulatory investigations or determinations, acquisitions or strategic alliances
by us or our competitors, recruitment or departures of key personnel, the gain
or loss of significant customers, changes in the estimates of our operating
performance, market conditions in our industry and the economy as a
whole.





OVER
51% OF OUR STOCK IS CONTROLLED BY A SINGLE STOCKHOLDER WHO HAS THE ABILITY TO
SUBSTANTIALLY INFLUENCE THE ELECTION OF DIRECTORS AND THE OUTCOME OF MATTERS
SUBMITTED TO STOCKHOLDERS.





As of
April 6, 2009, Texas Atlantic Capital Partners, LLC (“TAC”), a limited liability
company whose managing member is a director of the Company, directly owns
14,000,000 shares, which represents approximately 51% of our 27,091,669 shares
of outstanding capital stock on a fully diluted basis.  As a result,
TAC presently and is expected to continue to have the ability to determine the
outcome of issues submitted to our stockholders.  The interests of
this stockholder may not always coincide with our interests or the interests of
other stockholders, and it may act in a manner that advances its best interests
and not necessarily those of other stockholders.  One consequence of
this substantial stockholder’s interest is that it may be difficult for
investors to remove management of the Company. it could also deter unsolicited
takeovers, including transactions in which stockholders might otherwise receive
a premium for their shares over then current market prices.





INVESTORS’
INTERESTS IN OUR COMPANY WILL BE DILUTED AND INVESTORS MAY SUFFER DILUTION IN
THEIR NET BOOK VALUE PER SHARE IF WE ISSUE ADDITIONAL SHARES OR RAISE FUNDS
THROUGH THE SALE OF EQUITY SECURITIES.





In the
event that we are required to issue any additional shares or enter into private
placements to raise financing through the sale of equity securities, investors’
interests in our Company will be diluted and investors may suffer dilution in
their net book value per share depending on the price at which such securities
are sold.  If we issue any such additional shares, such issuances also
will cause a reduction in the proportionate ownership and voting power of all
other stockholders.  Further, any such issuance may result in a change
in our control.





WE
HAVE NEVER PAID CASH DIVIDENDS AND DO NOT INTEND TO DO SO.





We have
never declared or paid cash dividends on our common stock.  We
currently plan to retain any earnings to finance the growth of our business
rather than to pay cash dividends.  Payments of any cash dividends in
the future will depend on our financial condition, results of operations and
capital requirements, as well as other factors deemed relevant by our board of
directors.





WE
WILL NEED ADDITIONAL FINANCING.





We will
need additional financing to maintain and expand the business, and such
financing may not be available on favorable terms, if at all.  We
intend to finance our business through the private placement and public offering
of equity and debt securities.  Additional financing may not be
available on favorable terms, if at all.  If we need funds and cannot
raise them on acceptable terms, we may not be able to execute our business plan,
and our shareholders may lose substantially all of their
investment.





TERRORIST
ATTACKS, CONTINUED WAR OR OTHER CIVIL DISTURBANCES COULD LEAD TO FURTHER
ECONOMIC INSTABILITY AND ADVERSELY AFFECT OUR BUSINESS





On
September 11, 2001, the United States was the target of terrorist attacks of
unprecedented scope.  The United States is currently engaged in a war
in Iraq.  These attacks and this war have caused instability in the
marketplace and contributed to a downtown in the global economy.  In
the future, there may be armed hostilities, continued war, further acts of
terrorism and civil disturbances in the United States or elsewhere, which may
further contribute to economic instability in the United States. Additionally,
such disturbances could have a material adverse effect on our business,
financial condition and operating results.


7





ITEM
1B.  UNRESOLVED
STAFF COMMENTS





None.





ITEM
2.  DESCRIPTION OF
PROPERTY





We
currently use the office of our CEO.  Our CEO provides the office
space free of charge.  We believe that this space is currently
adequate.  When we become operational we may need additional space to
serve our customers.





ITEM
3.          LEGAL
PROCEEDINGS





None.





ITEM
4.  SUBMISSION OF
MATTERS TO A VOTE FOR SECURITY HOLDERS





Not
applicable.





PART
II





ITEM 5.
            MARKET FOR REGISTRANT’S COMMON
      EQUITY.  RELATED STOCKHOLDERS MATTERS AND ISSUERPURCHASE OF EQUITY
      SECURITIES





Market
Information





Our
common stock is quoted on the OTCBB under the symbol “BSAL”.  The
following table shows the high and low bid prices of our common stock, as quoted
on the OTCBB, by quarter during our last fiscal year when trading
began.  These quotes reflect inter-dealer prices, without retail
markup, markdown or commissions and may not represent actual
transactions.  The information below was obtained from the OTCBB, for
the respective periods.





Year
      Ending December 31, 2009
                
                High
                
                
                Low1st
      Quarter (through April 6, 2009)
                
                $
                1.60
                
                
                $
                0.55Year
      Ended December 31, 200811st
      Quarter
                
                $
                0.00
                
                
                $
                0.002nd
      Quarter
                
                
                0.00
                
                
                
                0.003rd
      Quarter
                
                
                0.35
                
                
                
                0.154th
      Quarter
                
                
                0.55
                
                
                
                0.50





1  Over-the-counter market quotations may reflect inter-dealer
prices, without retail mark-up, mark-downs or commissions
and      may not necessarily represent actual
transactions.





Holders





As of
April 6, 2009, there were approximately 13 holders of record of our common
stock.  This number does not include beneficial owners of common stock
whose shares are held in the names of various dealers, clearing agencies, banks,
brokers and other fiduciaries.





Dividends





We have
never declared or paid any dividends.  We anticipate, as our board of
directors deems appropriate, that we will continue to retain all earnings for
use in our business.





Securities
Authorized For Issuance Under Equity Compensation Plans





None.


8





Item
6.     SELECTED FINANCIAL
DATA





We are a
smaller reporting company as defined in 17 CFR229.10(f)(I) and are not required
to provide information required by this item, per Item 301 of Regulation S-K (17
CFR 229.201)





ITEM 7.
            MANAGEMENT’S DISCUSSION AND
      ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS





Plan
of Operations





Blindspot
Alert, Inc. (BSA), a development stage company, formerly known as Promotions on
Wheels Holdings, Inc. has, beginning in April 2008, commenced a corporate
redirection with the objective of marketing and selling through the internet a
range of software applications and services for computers and cell phones that
allow parents or other caregivers to monitor and be notified of occurrences of
predator advances, cyber bullying and pornography received on children’s
computers. The cell phone application would also restrict text messaging while
driving and provide location information to parents through the use of GPS
technology. In June 2008 BSA acquired for $300,000 a world wide non exclusive
license that permits the Company to sell the proprietary software that
identifies the threats from predators, cyber bullies and transmitters of
pornography. The license also allows for selective exclusivity within certain
markets.





Management
believes that the licensed products are a timely solution to the dangers that
come with the unprecedented access to information and people that the internet
and cell phones provide.





We intend
to begin commercial operations in the second half of 2009.  We also
intend to market the products and services by developing relationships with
“trusted” sources consisting of child protection advocacy groups including
church, school and civic organizations.  We intend to also explore
opportunities to enter into strategic revenue sharing partnerships with
companies having synergy with our products.  These partners may
include auto insurers and cell phone manufacturers.





In
November 2008, we executed an option to acquire licensing rights to software
that provides digital rights management to email and other data transmitted over
the internet.  We intend to begin selling this proprietary software in
2009.  The option expired on April 1, 2009.  We are
currently negotiating an extension of the option.  Due diligence
efforts are currently being conducted.





In 2008,
we raised $1,170,800 in new equity funding through the sale of common and
preferred stock, the proceeds of which are being used to implement our plan of
operations. As of year end 2008, we had invested $150,963 in website
development, this in the furtherance of our marketing efforts and in addition to
the $300,000 spent to secure the licensing noted above.





Results
of Operations





For the
year ended 2008 we sustained a net operating loss of $437,656 as compared to a
loss of $188,094 for the same twelve month period ended December 31, 2007. In
2007 we had revenues of $201,536 contrasted to 2008 in which we had no revenue.
From inception in July 2006, the Company has generated a total of $644,807 in
net operating losses.





The table
below highlights on a line item basis the significant elements of expense during
the two periods that constituted the preponderance of expense
incurred.





Year
      Ended December 31,
                                                          
                                                          
                                                          Difference
      OverExpense
      Category
                                                          
                                                          2008
                                                          
                                                          
                                                          2007
                                                          
                                                          
                                                          (Under)
      2007Cost
      of Operations
                                                          
                                                          $
                                                          5,757
                                                          
                                                          
                                                          $
                                                          110,956
                                                          
                                                          
                                                          $
                                                          (105,199
                                                          )General
      and Administrative·Payroll
                                                          
                                                          
                                                          32,400
                                                          
                                                          
                                                          
                                                          -
                                                          
                                                          
                                                          
                                                          32,400·Insurance D&O
                                                          
                                                          
                                                          13,500
                                                          
                                                          
                                                          
                                                          -
                                                          
                                                          
                                                          
                                                          13,500·Accounting
                                                          
                                                          
                                                          34,125
                                                          
                                                          
                                                          
                                                          11,200
                                                          
                                                          
                                                          
                                                          22,925·Consulting
                                                          
                                                          
                                                          87,500
                                                          
                                                          
                                                          
                                                          111,154
                                                          
                                                          
                                                          
                                                          (23,654
                                                          )·Legal
                                                          
                                                          
                                                          110,241
                                                          
                                                          
                                                          
                                                          5,500
                                                          
                                                          
                                                          
                                                          104,741·Marketing
                                                          
                                                          
                                                          86,693
                                                          
                                                          
                                                          
                                                          -
                                                          
                                                          
                                                          
                                                          86,693·Travel
                                                          
                                                          
                                                          46,484
                                                          
                                                          
                                                          
                                                          -
                                                          
                                                          
                                                          
                                                          46,484·Other Professional
                                                          
                                                          
                                                          -
                                                          
                                                          
                                                          
                                                          12,537
                                                          
                                                          
                                                          
                                                          (12,537
                                                          )Totals
                                                          
                                                          $
                                                          416,700
                                                          
                                                          
                                                          $
                                                          251,347
                                                          
                                                          
                                                          $
                                                          165,353





In 2008
as opposed to 2007 the Company initiated and completed an initial round of
financing which resulted in a significant increase in accounting and legal costs
as compared to 2007. The balance of the increased costs noted in 2008 in
contrast to 2007 related to pre launch consulting, marketing and
travel.  Corporate operational activities in 2008 have increased
substantially over prior periods.  We intend to become fully
operational in the second half of 2009 which would result in revenue generation
and an expansion of marketing and administrative activities.


9





Liquidity





As noted
previously, through December 31, 2008 we raised $1,170,800 in new equity. To
support planned operations through 2009 and beyond, additional capital will be
required. In that regard it is management’s intent to continue fund raising
efforts to generate the capital required to support expanding
operations.





Recent
Accounting Pronouncements





On
November 5, 2007, the SEC issued SAB No. 109, Written Loan Commitments Recorded
at Fair Value Through Earnings (“SAB 109”). SAB 109 provides guidance on the
accounting for written loan commitments recorded at fair value under generally
accepted accounting principles. Specifically, the SAB revises the Staff’s views
on incorporating expected net future cash flows related to loan servicing
activities in the fair value measurement of a written loan commitment. SAB 109,
which supersedes SAB 105, Application of Accounting Principles to Loan
Commitments, requires the expected net future cash flows related to the
associated servicing of the loan be included in the measurement of all written
loan commitments that are accounted for at fair value through earnings. SAB 109
is effective in fiscal quarters beginning after December 15, 2007. The adoption
of SAB 109 did not have a material impact on our financial
statements.





In
December 2007, the Financial Accounting Standards Board (“FASB”) issued SFAS No.
141(R), Business Combinations, which replaces SFAS No. 141. SFAS No. 141(R)
establishes principles and requirements for how an acquirer recognizes and
measures in its financial statements the identifiable assets acquired, the
liabilities assumed, any non-controlling interest in the acquiree and the
goodwill acquired. The statement also establishes disclosure requirements which
will enable users to evaluate the nature and financial effects of the business
combination. SFAS 141(R) is effective for calendar year companies on January 1,
2009. We do not anticipate that the adoption of SFAS 141(R) will have a material
effect on accounting for business combinations once adopted, but the effect is
dependent upon acquisitions at that time.





In
December 2007, the SEC issued SAB 110. SAB 110 expresses the views of the staff
regarding the use of a “simplified” method, as discussed in SAB No. 107 (“SAB
107”), in developing an estimate of expected term of “plain vanilla” share
options in accordance with SFAS No. 123 (revised 2004) which is effective on
January 1, 2008. The adoption of SAB 110 did not have a material impact on our
financial statements.





In March
2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and
Hedging Activities, and amendment of SFAS No. 133 (“SFAS No. 161”). This
statement will require additional disclosures about how and why we use
derivative financial instruments, how derivative instruments and related hedged
items are accounted for under SFAS No. 133, “Accounting for Derivative
Instruments and Hedging Activities”, as amended and interpreted (“SFAS No.
133”), and how derivative instruments and related hedged items affect our
financial position, results of operations, and cash flows. SFAS No. 161 is
effective for financial statements issued for fiscal years and interim periods
beginning after November 15, 2008; however early adoption is encouraged, as are
comparative disclosures for earlier periods. We do not believe that the adoption
of SFAS No. 161 will have a material impact on our financial
statements.





In April
2008, the FASB issued FASB Staff Position (“FSP”) No. SFAS 142-3, Determination
of the Useful Life of Intangible Assets, (“SFAS 142-3”). FAS 142-3 amends the
factors that should be considered in developing renewal or extension assumptions
used to determine the useful life of a recognized intangible asset under SFAS
No. 142, “Goodwill and Other Intangible Assets” and also requires expanded
disclosure related to the determination of intangible asset useful lives. SFAS
142-3 is effective for fiscal years beginning after December 15, 2008. Early
adoption is prohibited. We do not believe the adoption of SFAS 142-3 will have a
material impact on our financial statements.





In May
2008, the FASB issued SFAS No. 162, The Hierarchy of Generally Accepted
Accounting Principles (“SFAS No. 162”). SFAS No. 162 identifies the sources of
accounting principles to be used in the preparation of financial statements of
nongovernmental entities that are presented in conformity with generally
accepted accounting principles in the United States. This Statement is effective
60 days following the SEC’s approval of the Public Company Accounting Oversight
Board amendments to AU Section 411, The Meaning of Present Fairly in Conformity
with Generally Accepted Accounting Principles. We currently adhere to the
hierarchy of GAAP as presented in SFAS No. 162, and do not expect its adoption
will have a material impact on our results of operations and financial
condition.





In May
2008, the FASB issued FSP APB 14-1, Accounting for Convertible Debt Instruments
That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)
(“FSP APB 14-1”). FSP APB 14-1 requires issuers of convertible debt instruments
that may be settled in cash upon conversion to account separately for the
liability and equity components in a manner that will reflect the entity’s
nonconvertible debt borrowing rate when interest cost is recognized in
subsequent periods. FSP APB 14-1 is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years. We do not anticipate that the adoption of FSP APB 14-1 will
have a material effect on our results of operations or financial
position.


10





ITEM
7A.  QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





At
December 31, 2008, we have invested our cash in money market accounts and
marketable securities. We consider any liquid investment with an original
maturity of three months or less when purchased to be cash equivalents. We
adhere to an investment policy which requires that all investments be investment
grade quality and no more than ten percent of our portfolio may be invested in
any one security or with one institution.





ITEM
8.  FINANCIAL
STATEMENTS AND SUPPLEMENTARY DATA





CONTENTS





PAGEReport
      Of Independent Registered Public Accounting Firm
              F-1FINANCIAL
      STATEMENTSBalance
      Sheets As Of December 31, 2008 and 2007
              F-2Statements
      of Operations for the years ended December 31, 2008 and
    2007
              F-3Statements
      of Stockholders’ equity (Deficit) for the years ended December 31, 2008
      and 2007
              F-5Statements
      of Cash Flows for the Years Ended December 31, 2008 and
    2007
              F-4


11


MOORE
& ASSOCIATES, CHARTERED


ACCOUNTANTS AND
ADVISORS


PCAOB REGISTERED





REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM





To
the Board of Directors


Blindspot
Alert, Inc. fka Promotions On Wheels Holdings, Inc.


(A
Development Stage Company)





We have
audited the accompanying balance sheets of Blindspot Alert, Inc. fka Promotions
On Wheels Holdings, Inc. (A Development Stage Company) as of December 31, 2008
and 2007, and the related statements of operations, stockholders’ equity
(deficit) and cash flows for the years ended December 31, 2008 and 2007 and from
inception on July 3, 2006 through December 31, 2008. These financial statements
are the responsibility of the Company’s management.  Our
responsibility is to express an opinion on these financial statements based on
our audits.





We
conduct our audits in accordance with standards of the Public Company Accounting
Oversight Board (United States).  Those standards require that we plan
and perform the audits 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 audits provide a reasonable basis
for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Blindspot Alert, Inc. fka
Promotions On Wheels Holdings, Inc. (A Development Stage Company) as of December
31, 2008 and 2007, and the related statements of operations, stockholders’
equity and cash flows for the years ended December 31, 2008 and 2007 and from
inception on July 3, 2006 through December 31, 2008, in conformity with
accounting principles generally accepted in the United States of
America.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company has an accumulated deficit of $644,807, which
raises substantial doubt about its ability to continue as a going
concern.  Management’s plans concerning these matters are also
described in Note 2.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.





/s/
Moore & Associates, Chartered





Moore
& Associates, Chartered


Las
Vegas, Nevada


February
23, 2009





6490 West Desert Inn Rd, Las
Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501


F-1




BLINDSPOT
ALERT, Inc.
 Formerly
Known as Promotions on Wheels Holdings, Inc.
 A
Development Stage Company
 BALANCE
SHEETS
  December
      31,2008
                        
                        
                        2007ASSETSCurrent
      assets:Cash
                        
                        $
                        224,269
                        
                        
                        $
                        314Advance
      to shareholder
                        
                        
                        -
                        
                        
                        
                        1,592Prepaid
      expense
                        
                        
                        7,137
                        
                        
                        
                        -Total
      current assets
                        
                        
                        231,406
                        
                        
                        
                        1,906Property
      and EquipmentSoftware
      license and website development
                        
                        
                        450,963
                        
                        
                        
                        -Other
      property and equipment
                        
                        
                        -
                        
                        
                        
                        10,243Total
      property and equipment
                        
                        
                        450,963
                        
                        
                        
                        10,243Other
      Assets- Option to acquire
                        
                        
                        95,000
                        
                        
                        
                        -$
                        777,369
                        
                        
                        $
                        12,149LIABILITIES
      AND STOCKHOLDERS' EQUITYCurrent
      liabilities:Advance
      from shareholder
                        
                        $
                        1,104
                        
                        
                        $
                        20,000Accounts
      payable
                        
                        
                        37,116
                        
                        
                        
                        -Accrued
      expense
                        
                        
                        56
                        
                        
                        
                        5,000Lease
      payable
                        
                        
                        -
                        
                        
                        
                        6,000Total
      current liabilities
                        
                        
                        38,276
                        
                        
                        
                        31,000Stockholders'
      equityPreferred
      stock; $.001 par value, 5,000,000 shares authorized, 3,833,335 and zero
      shares issued and outstanding respectively
                        
                        
                        3,832
                        
                        
                        
                        -Common
      stock; $.001 par value, 70,000,000 shares authorized, 22,300,000 and
      37,000,000 shares issued and outstanding, respectively
                        
                        
                        22,300
                        
                        
                        
                        37,000Subscription
      receivable
                        
                        
                        (200
                        )Additional
      paid in capital
                        
                        
                        1,357,968
                        
                        
                        
                        151,300Deficit
      accumulated during development stage
                        
                        
                        (644,807
                        )
                        
                        
                        (207,151
                        )Total
      stockholders' equity
                        
                        
                        739,093
                        
                        
                        
                        (18,851
                        )$
                        777,369
                        
                        
                        $
                        12,149
 
 The
accompanying notes are an integral part of these financial
statements.





F-2




BLINDSPOT
ALERT, INC.
 Formerly
Known as Promotions on Wheels Holdings, Inc.
 A
Development Stage Company
 STATEMENTS
OF OPERATIONS
 For
the years ended December 31, 2008, 2007 and the period
 from
inception July 3, 2006 to December 31, 2007
 
 July
      3, 2006(Date
      of inception)Years
      Ended December 31,
                    
                    
                    to2008
                    
                    
                    2007
                    
                    
                    December
      31, 2007Revenue
                    
                    $
                    -
                    
                    
                    $
                    201,536
                    
                    
                    $
                    231,536Operating
      expenses:Cost
      of Operations
                    
                    
                    5,757
                    
                    
                    
                    110,956
                    
                    
                    
                    119,273General
      and administrative expenses
                    
                    
                    432,661
                    
                    
                    
                    273,195
                    
                    
                    
                    310,755Depreciation
      and amortization expense
                    
                    
                    -
                    
                    
                    
                    2,597
                    
                    
                    
                    3,478Total
      operating expenses
                    
                    
                    438,418
                    
                    
                    
                    386,748
                    
                    
                    
                    433,506(Loss)
      from operations
                    
                    
                    (438,418
                    )
                    
                    
                    (185,212
                    )
                    
                    
                    (201,970
                    )Other
      income (expenses):Interest
      income
                    
                    
                    -
                    
                    
                    
                    100
                    
                    
                    
                    109Loss
      on sale of equipment
                    
                    
                    (5,216
                    )
                    
                    
                    
                    
                    
                    
                    -Other
      income
                    
                    
                    6,000
                    
                    
                    
                    
                    
                    
                    
                    -Interest
      expense
                    
                    
                    (22
                    )
                    
                    
                    (2,982
                    )
                    
                    
                    (5,290
                    )Total
      other income (expenses)
                    
                    
                    762
                    
                    
                    
                    (2,882
                    )
                    
                    
                    (5,181
                    )(Loss)
      before provision for income taxes
                    
                    
                    (437,656
                    )
                    
                    
                    (188,094
                    )
                    
                    
                    (207,151
                    )Provision
      for income taxes
                    
                    
                    -
                    
                    
                    
                    
                    
                    
                    
                    -Net
      (loss)
                    
                    $
                    (437,656
                    )
                    
                    $
                    (188,094
                    )
                    
                    $
                    (207,151
                    )Basic
      and diluted loss per common share
                    
                    $
                    (0.015
                    )
                    
                    $
                    (0.01
                    )
                    
                    $
                    (0.008
                    )Basic
      and diluted weighted average common shares outstanding
                    
                    
                    29,470,000
                    
                    
                    
                    32,802,507
                    
                    
                    
                    24,675,845
 
 The
accompanying notes are an integral part of these financial
statements.





F-3




BLINDSPOT
ALERT, INC.
 Formerly
Known as Promotions on Wheels Holdings, Inc.
 A
Development Stage Company
 STATEMENTS
OF CASH FLOWS
 For
the years ended December 31, 2008, 2007 and the period from
 inception,
July 2, 2006 to December 31, 2007
 
 July
      3, 2006(Date
      of inception)Years
      Ended December 31,
                          
                          
                          to2008
                          
                          
                          2007
                          
                          
                          December
      31, 2007Operating
      activities:Net
      loss
                          
                          $
                          (437,656
                          )
                          
                          $
                          (188,094
                          )
                          
                          $
                          (207,151
                          )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Depreciation
      expense
                          
                          
                          
                          
                          
                          
                          2,597
                          
                          
                          
                          3,478Stock
      issued for services
                          
                          
                          2,400
                          
                          
                          
                          20,000
                          
                          
                          
                          30,000Loss
      on sale of equipment
                          
                          
                          5,216
                          
                          
                          
                          
                          
                          
                          
                          -Changes
      in operating assets and liabilities:Decrease
      in accounts receivable
                          
                          
                          -
                          
                          
                          
                          8,500
                          
                          
                          
                          -(Increase)
      in prepaid expense
                          
                          
                          (7,137
                          )
                          
                          
                          
                          
                          
                          
                          -(Increase)
      in subscriptions receivable
                          
                          
                          (200
                          )
                          
                          
                          
                          
                          
                          
                          -Decrease
      in advance to shareholder
                          
                          
                          1,592
                          
                          
                          
                          
                          
                          
                          
                          -Decrease
      in advance from shareholder
                          
                          
                          (18,896
                          )
                          
                          
                          
                          
                          
                          
                          -Increase
      (decrease)  in accounts payable
                          
                          
                          37,116
                          
                          
                          
                          (244
                          )
                          
                          
                          -(Decrease)Increase
      in lease payable
                          
                          
                          (6,000
                          )
                          
                          
                          6,000
                          
                          
                          
                          6,000(Decrease)   in
      accrued expense
                          
                          
                          (4,944
                          )
                          
                          
                          (8,217
                          )
                          
                          
                          5,000Net
      cash (used in) operating activities
                          
                          
                          (428,509
                          )
                          
                          
                          (159,458
                          )
                          
                          
                          (162,673
                          )Investing
      activities:Purchase
      of long term assets- net
                          
                          
                          (450,963
                          )
                          
                          
                          (2,812
                          )
                          
                          
                          (3,921
                          )Investment
      in option to acquire
                          
                          
                          (95,000
                          )
                          
                          
                          -Advance
      to/from shareholder
                          
                          
                          -
                          
                          
                          
                          (3,636
                          )
                          
                          
                          (1,592
                          )Net
      cash (used in) investing activities
                          
                          
                          (545,963
                          )
                          
                          
                          (6,448
                          )
                          
                          
                          (5,513
                          )Financing
      activities:Proceeds
      from borrowing
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000Proceeds
      from sale of equipment
                          
                          
                          5,026
                          
                          
                          
                          -
                          
                          
                          
                          -Proceeds
      from cancellation of advance from shareholder
                          
                          
                          25,000
                          
                          
                          
                          -
                          
                          
                          
                          -Proceeds
      from stock sales
                          
                          
                          1,168,401
                          
                          
                          
                          148,500
                          
                          
                          
                          148,500Net
      cash provided by financing activities
                          
                          
                          1,198,427
                          
                          
                          
                          148,500
                          
                          
                          
                          168,500Net
      changes in cash
                          
                          
                          223,955
                          
                          
                          
                          (17,406
                          )
                          
                          
                          314Cash,
      beginning of period
                          
                          
                          314
                          
                          
                          
                          17,720
                          
                          
                          
                          -Cash,
      end of period
                          
                          $
                          224,269
                          
                          
                          $
                          314
                          
                          
                          $
                          314Non
      Cash Investing and Financing Activities:Issuance
      of common stock for services
                          
                          $
                          2,400
                          
                          
                          $
                          20,000
                          
                          
                          $
                          30,000Common
      stock issued for equipment
                          
                          $
                          -
                          
                          
                          $
                          -
                          
                          
                          $
                          9,800
 
 The
accompanying notes are an integral part of these financial
statements.


F-4




BLINDSPOT
ALERT, INC.
 Formerly
Known as Promotions on Wheels Holdings, Inc.
 A
Development Stage Company
 STATEMENTS
OF STOCKHOLDERS' EQUITY (DEFICIT)
 For
the year ended December 31, 2008 and the period from
 inception
July 3, 2006
 
 Accumulated(Deficit)Additional
                                
                                
                                during
                                
                                
                                TotalPreferred
      Stock
                                
                                
                                Common
      Stock
                                
                                
                                Subscription
                                
                                
                                Paid-in
                                
                                
                                development
                                
                                
                                Stockholders'Shares
                                
                                
                                Amount
                                
                                
                                Shares
                                
                                
                                Amount
                                
                                
                                Receivable
                                
                                
                                Capital
                                
                                
                                stage
                                
                                
                                Equity
      (Deficit)Balance
      at July 3, 2006(Date of
      Inception)
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -Issuance
      of stock for services, $0.01 per share August 3, 2006
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                1,000,000
                                
                                
                                $
                                1,000
                                
                                
                                
                                
                                
                                $
                                9,000
                                
                                
                                $
                                -
                                
                                
                                $
                                10,000Issuance
      of stock for equipment, $0.0098 per share August 3, 2006
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                1,000,000
                                
                                
                                
                                1,000
                                
                                
                                
                                
                                
                                
                                8,800
                                
                                
                                
                                
                                
                                
                                
                                9,800Net
      loss for the period ended December 31, 2006
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                (19,057
                                )
                                
                                
                                (19,057
                                )Balance
      December 31, 2006
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                2,000,000
                                
                                
                                
                                2,000
                                
                                
                                
                                
                                
                                
                                17,800
                                
                                
                                
                                (19,057
                                )
                                
                                
                                743Issuance
      of stock for services, $0.001 per share January 7, 2007
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                20,000,000
                                
                                
                                
                                20,000
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                20,000Issuance
      of stock relating to private placement, $0.01 per share,  March
      27, 2007
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                14,700,000
                                
                                
                                
                                14,700
                                
                                
                                
                                
                                
                                
                                133,500
                                
                                
                                
                                -
                                
                                
                                
                                148,200Issuance
      of stock relating to private placement, $0.01 per share,  April
      11, 2007
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                300,000
                                
                                
                                
                                300
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                300Net
      loss for the period ended December 31, 2007
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                (188,094
                                )
                                
                                
                                (188,094
                                )Balance
      December 31, 2007
                                
                                
                                -
                                
                                
                                
                                -
                                
                                
                                
                                37,000,000
                                
                                
                                
                                37,000
                                
                                
                                
                                
                                
                                
                                151,300
                                
                                
                                
                                (207,151
                                )
                                
                                
                                (18,851
                                )Issuance
      of preferred stock for cashJune
      20, 2008 six issuances t $0.30
                                
                                
                                2,083,336
                                
                                
                                
                                2,083
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                622,917
                                
                                
                                
                                
                                
                                
                                
                                625,000July
      2, 2008 one issuance at $0.30
                                
                                
                                666,667
                                
                                
                                
                                667
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                199,333
                                
                                
                                
                                
                                
                                
                                
                                200,000November
      6, 2008 one issuance at$0.30
                                
                                
                                333,333
                                
                                
                                
                                333
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                99,667
                                
                                
                                
                                
                                
                                
                                
                                100,000November
      13, 2008 one issuance at$0.30
                                
                                
                                83,333
                                
                                
                                
                                83
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                24,917
                                
                                
                                
                                
                                
                                
                                
                                25,000December
      17, 2008 two issuances at $0.30
                                
                                
                                666,666
                                
                                
                                
                                666
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                199,334
                                
                                
                                
                                
                                
                                
                                
                                200,000Issuance
      of common stock for cash
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                -May
      1, 2008 six issuances at $0.001
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                2,525,000
                                
                                
                                
                                2,525
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                2,525June
      30, 2008 two issuances t $0.001
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                14,375,000
                                
                                
                                
                                14,375
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                14,375July
      11, 2008 one issuance at $0.001 for services
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                2,400,000
                                
                                
                                
                                2,400
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                2,400July
      15, 2008 one issuance at $0.001
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                100,000
                                
                                
                                
                                100
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                100September
      18, 2008 two issuances at $.001
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                1,200,000
                                
                                
                                
                                1,200
                                
                                
                                
                                
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                1,200December
      5, 2008 one issuance at $0.001
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                200,000
                                
                                
                                
                                200
                                
                                
                                
                                (200
                                )
                                
                                
                                -
                                
                                
                                
                                
                                
                                
                                
                                -Cancellation
      of common  stockJune
      20, 2008 cancellation
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                (35,500,000
                                )
                                
                                
                                (35,500
                                )
                                
                                
                                
                                
                                
                                
                                35,500
                                
                                
                                
                                
                                
                                
                                
                                -Voluntary
      conversion of shareholder advance to paid in capital
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                25,000
                                
                                
                                
                                
                                
                                
                                
                                25,000Net
      loss for the period ended December 31, 2008
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                (437,656
                                )
                                
                                
                                (437,656
                                )Balance
      at December 31, 2008
                                
                                
                                3,833,335
                                
                                
                                $
                                3,832
                                
                                
                                
                                22,300,000
                                
                                
                                $
                                22,300
                                
                                
                                $
                                (200
                                )
                                
                                $
                                1,357,968
                                
                                
                                $
                                (644,807
                                )
                                
                                $
                                739,093
 
 The
accompanying notes are an integral part of these financial
statements.


F-5


BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





Note
1.  Nature of Business and Summary of Significant Accounting
Policies





Nature
of business and organization


Blindspot
Alert, Inc (BSA) formerly known as Promotions on Wheels Holdings, Inc., a Nevada
corporation, (hereinafter referred to as the “Company”) was incorporated in the
State of Nevada on July 3, 2006.  The Company from inception through
June 2008 had been in the business of offering live promotions and marketing
events. In June 2008 a majority ownership change was made and the business
emphasis was shifted to the marketing and sales through the internet of software
and services that allow parents or other caregivers to monitor and be notified
of occurrences of predator advances, cyber bullying and pornography. The Company
operates under a world wide licensing agreement that allows for selective
exclusivity within certain markets and expects to begin full scale operations in
2009.





Development
Stage Company





The
Company is considered to be in the development stage as defined in Statement of
Financial Accounting Standards (SFAS) No. 7, “Accounting and Reporting by
Development Stage Enterprises”. The Company has devoted substantially all of its
efforts to business planning and development. Additionally, the Company has
allocated a substantial portion of its time and investment to bringing its
product to the market and to raising capital.





Use
of estimates





The
preparation of financial statements in conformity with U.S. generally accepted
accounting principles requires management to make certain estimates and
assumptions that affect the amounts reported in the financial statements and
accompanying notes.  The Company is subject to uncertainty of future
events, economic, environmental and political factors and changes in the
Company's business environment; therefore, actual results could differ from
these estimates.  Accordingly, accounting estimates used in the
preparation of the Company's financial statements will change as new events
occur, more experience is acquired, as additional information is obtained and as
the Company's operating environment changes.  Changes are made in
estimates as circumstances warrant.  Such changes in estimates and
refinement of estimation methodologies are reflected in the
statements.




Cash
and cash equivalents- concentration of risk





Cash and
cash equivalents include interest bearing and non-interest bearing bank
deposits, money market accounts, and short-term instruments with a liquidation
provision of three months or less.




The
Company maintains its cash in institutions insured by the Federal Deposit
Insurance Corporation (FDIC).  This government corporation insured
balances up to $100,000 through October 13, 2008.  As of October 14,
2008 all non-interest bearing transaction deposit accounts at an FDIC-insured
institution, including all personal and business checking deposit accounts that
do not earn interest, are fully insured for the entire amount in the deposit
account.  This unlimited insurance coverage is temporary and will
remain in effect for participating institutions until December 31,
2009.





All other
deposit accounts at FDIC-insured institutions are insured up to at least
$250,000 per depositor until December 31, 2009.  On January 1, 2010,
FDIC deposit insurance for all deposit accounts, except


for
certain retirement accounts, will return to at least $100,000 per
depositor.  Insurance coverage for certain retirement accounts, which
include all IRA deposit accounts, will remain at $250,000 per
depositor.




Income
taxes





The
Company accounts for its income taxes in accordance with Statement of Financial
Accounting Standards No. 109, which requires recognition of deferred tax assets
and liabilities for future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and tax credit carry forwards.  Deferred
tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled.  The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in operations in
the period that includes the enactment date.


F-6





BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





Note
1.  Nature of Business and Summary of Significant Accounting Policies-
continued





Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amounts of assets and liabilities for financial statement purposes and
the amounts used for income tax purposes.  Significant components of
the Company’s deferred tax liabilities and assets as of December 31, 2008 are as
follows:





Deferred
      tax assets:Net
      operating loss
                  
                  $
                  435,256Income
      tax rate
                  
                  
                  34
                  %147,987Less
      valuation allowance
                  
                  
                  (147,987
                  )Net
                  
                  
                  -





Through
December 31, 2008, a valuation allowance has been recorded to offset the
deferred tax assets, including those related to the net operating
losses.  At December 31, 2008, the Company had approximately $644,800
of federal and state net operating losses.  The net operating loss
carry forwards, if not utilized will begin to expire in 2025. The utilization of
these losses for tax purposes  will be limited due to the operation of
Internal Revenue Code Section 382 which restricts the utilization of net
operating loss carry forwards is circumstances where there is a more than 51%
change of control in a company.





Reconciliations
of the U.S. federal statutory rate to the actual tax rate for the years ended
December 31, 2008 and 2007 are as follows:





2008
                  
                  
                  2007Federal
      statutory income tax rate
                  
                  
                  
                  34.0
                  %
                  
                  
                  34.0
                  %State
      tax net of federal benefit
                  
                  
                  
                  0.0
                  %
                  
                  
                  0.0
                  %34.0
                  %
                  
                  
                  34.0
                  %Increase
      in valuation allowance
                  
                  
                  
                  (34.0
                  )%
                  
                  
                  (34.0
                  )%Effective
      tax rate
                  
                  
                  0.0
                  %
                  
                  
                  0.0
                  %





Net
loss per common share





The
Company computes net loss per share in accordance with SFAS No. 128, Earnings
per Share (SFAS 128) and SEC Staff Accounting Bulletin No. 98 (SAB
98).  Under the provisions of SFAS 128 and SAB 98, basic net loss per
share is computed by dividing the net loss available to common stockholders for
the period by the weighted average number of shares of common stock outstanding
during the period.  The calculation of diluted net loss per share
gives effect to common stock equivalents; however, potential common shares are
excluded if their effect is antidilutive.





Revenue
recognition





Revenues
are recognized at the time a sale is complete.





Accounts
receivable and billing





The
Company will be conducting sales primarily through the internet utilizing
merchant services for the processing of customer credit card or other electronic
means of paying. It is not expected that there will be any significant amount of
trade receivables that will result from operations.




F-7





BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





Note
1.  Nature of Business and Summary of Significant Accounting Policies-
continued




Property and equipment




Property
and equipment are stated at cost net of accumulated amortization and at December
31, 2008 consisted primarily of web site development costs and software
licensing fees. No amortization has been taken as of the statement date since
revenue operations have not commenced. Amortization is computed using the
straight-line method over the estimated useful life of the related
asset.  Expenditures for maintenance, repairs and renewals of minor
items are expensed as incurred.  The estimated useful lives are as
follows:





Software
      License
            5
      YearsWeb
      Site Development
            5
      Years





Fair
value of financial instruments





The
Financial Accounting Standards Board’s Statement 107, “Disclosures about Fair
Value of Financial Instruments”, requires the determination of fair value of the
Company’s financial assets and liabilities.  The estimated fair values
of financial instruments were determined by management using available market
information and appropriate valuation methodologies.  The carrying
amounts of financial instruments including cash and advance from shareholder
approximate their fair value because of their short maturities.




Stock
Based Compensation





We follow
the provisions of SFAS No. 123R, “Share-Based Payment.” SFAS 123R requires
recognition in the financial statements of the cost of employee services
received in exchange for an award of equity instruments over the period the
employee is required to perform the services in exchange for the award
(presumptively the vesting period). SFAS 123R also requires measurement of the
cost of employee services received in exchange for an equity award based upon
the grant-date fair value of the award. We account for non-employee share-based
awards in accordance with EITF No. 96-18, “Accounting for Equity Instruments
that are Issued to Other than Employees for Acquisition, or in Conjunction with
Selling Goods or Services.”





Note
2. Going concern





The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern, which contemplates the realization of assets and
the satisfaction of liabilities in the normal course of business.  The
Company incurred cumulative net losses of approximately $644,807 from the period
of July 3, 2006 (Inception) through December 31, 2008 and has used significant
cash in support of its operating activities raising substantial doubt about the
Company’s ability to continue as a going concern.  The Company in 2008
has raised additional capital and will seek additional sources of capital
through the issuance of debt or equity financing, but there can be no assurance
the Company will be successful in accomplishing its objectives.




The
ability of the Company to continue as a going concern is dependent on additional
sources of capital and the success of the Company’s plan.  The
financial statements do not include any adjustments to the recoverability and
classification of recorded asset amounts or the amount and classification of
liabilities that might be necessary should the Company be unable to continue as
a going concern.




Note
3. Concentration of credit risk





For the
year ended December 31, 2008 the Company had no revenues. In 2007, three
customers represented 100% of the Company’s revenues.





Note
4. Property and Equipment





Property
and equipment consist of the following at December 31, 2008 and
2007:


F-8


BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





2008
                  
                  
                  2007Software
      Licensing*
                  
                  
                  $
                  300,000
                  
                  
                  
                  -Web
      Site Development
                  
                  
                  
                  150,963
                  
                  
                  
                  -Equipment-
      Net
                  
                  
                  
                  -
                  
                  
                  $
                  10,243Total
                  
                  $
                  450,963
                  
                  
                  $
                  10,243





*On June
30, 2008 we entered into a license agreement with WQN, Inc., whose common stock
trades on the pink sheets under the symbol WQNI. Under the agreement we have the
right to license its software technology on a non-exclusive worldwide basis and
offer the software on an exclusive basis to: Home Shopping Network, QVC, Inc.,
Walgreens Drugstore, CVS Pharmacy and Walmart. We have paid a one time fee of
$300,000 and will pay a 35% royalty on any net licensing revenue collected by
us. The initial term of the license granted pursuant to this agreement shall be
perpetual.





Depreciation
expense for fiscal 2008 and 2007 totaled $0 and $2,597,
respectively.





Note
5. Option to acquire





In
November 2008 the Company entered into an option agreement with Auburg Adams LLC
(AA) a Texas limited liability company to acquire certain software licensing
rights it had contracted for pursuant to a licensing agreement entered into with
Essential Security Software, Inc. the developer. The option allows the Company
to secure the rights of Auburg Adams once a payment of $270,000 has been made.
Any payments made pursuant to the terms of the option to acquire are to be
credited to the overall price of the licensing should the option be exercised.
The rights that Auburg Adams has been granted are for the marketing and sales of
software that provides for total digital rights management  enabling
users to exercise complete control over email transmissions and any attachments
related to those transmissions to include restriction of forwarding and timed
removal from a recipient computer.  This licensing is for an initial
five- year period and is automatically renewable for periods thereafter. The
overall cost for the rights is $270,000.





The
option expires on April 1, 2009 but requires periodic payments as outlined below
to maintain the option.





Option
      Maintenance Payment Dates
                                    
                                    Option
      Payment AmountsJanuary
      1, 2009
                                    
                                    $
                                    50,000February
      1, 2009
                                    
                                    $
                                    50,000March
      1, 2009
                                    
                                    $
                                    50,000April
      1, 2009
                                    
                                    $
                                    25,000





Blindspot
Alert can exercise the option any time during the option period or let the
option lapse by not making a


required
payment. Through December 31, 2008 the Company had made option payments totaling
$95,000.





A
principal of Auburg Adams LLC is a minority shareholder in Blindspot Alert,
Inc.





Note
6. Ownership change





On June
30, 2008 Texas Atlantic Capital Partners, LLC obtained control of our company by
acquiring 13,200,000 shares of stock , 72% of the then outstanding common stock.
An additional 1,000,000 shares of common stock were acquired in September 2008
with no significant change in Texas Atlantic’s ownership percentage due to other
issuances that had been made through year end. Coincidental with this
acquisition a cancellation of 35,500,000 shares of previously issued common
stock was completed pursuant to the terms of the share acquisition
agreement.





Also,
effective June 30, 2008, we agreed to issue shares of our Series A Convertible
Preferred Stock at a price of $.30 per share in a private placement to
accredited investors up to a maximum of $1,200,000. Through December 31, 2008
3,833,335 preferred shares had been sold for $1,150,000 pursuant to this
offering. Each preferred share may be converted into 1.25 common shares. We
intend to sell a maximum of 4,000,000 preferred shares.


F-9


BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





Note
7. Stock Issuances





During
2008 we had the following common and preferred stock issuances.





Common
      Stock- All issuances were made at $0.001Date
                                
                                For
      Cash or Services
                                
                                Number
      of Shares
                                
                                
                                ValueMay
      2008
                                
                                Cash
                                
                                
                                2,525,000
                                
                                
                                $
                                2,525June  2008
                                
                                Cash
                                
                                
                                14,375,000
                                
                                
                                
                                14,375July
      2008
                                
                                Services
                                
                                
                                2,400,000
                                
                                
                                
                                2,400July
      2008
                                
                                Cash
                                
                                
                                100,000
                                
                                
                                
                                100September
      2008
                                
                                Cash
                                
                                
                                1,200,000
                                
                                
                                
                                1,000December
      2008
                                
                                Cash
                                
                                
                                200,000
                                
                                
                                
                                200Total
      Common Issuances
                                
                                
                                20,800,000
                                
                                
                                $
                                20,800





Preferred
      Stock- All issuances were for cash at $0.30 per shareDate
                          
                          Number
      of Shares
                          
                          
                          ValueJune  2008
                          
                          
                          2,083,336
                          
                          
                          $
                          625,000July
      2008
                          
                          
                          666,667
                          
                          
                          
                          200,000November  2008
                          
                          
                          416,666
                          
                          
                          
                          125,000December
      2008
                          
                          
                          666,666
                          
                          
                          
                          200,000Total
      Preferred Issuances
                          
                          
                          3,833,335
                          
                          
                          $
                          1,150,000





Note
8. Related party transactions





In the
aggregate, during 2008, the Company paid to related parties $211,225 for
consulting, legal and marketing services as reflected below.





Paid
      To
                      
                      Consulting
                      
                      
                      Legal
      Services
                      
                      
                      MarketingTexas
      Atlantic Capital Partners LLC
                      
                      $
                      58,500Rowland
      W. Day II
                      
                      
                      
                      
                      
                      $
                      63,632Robertson
      Schwartz Agency
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      $
                      89,093





Texas
Atlantic Capital Partners LLC (TA) and Rowland W. Day II are affiliates in that
TA is a majority and more than 10% shareholder in the Company, Mr. Day is its
CEO and Rusty Schwartz, a principal in Robertson Schwartz Agency is President
and a member of Blindspot Alert’s Board of Directors.





The
services that were provided are explained below.


.


Consulting-Consulting
services consisted of the coordination of web design and marketing efforts aimed
at product launch to include the evaluation of the appropriate merchant service
agencies to be used as well as working with management relating to general
corporate matters associated with business plan implementation.





Legal-Rowland Day is the
Company’s SEC attorney and is responsible for all quarterly and annual filings
as well as any other filings required as a result of the actions of the Company.
In addition Mr. Day initiated and provided oversight to the process that
resulted in the name change to Blindspot Alert, Inc.





Marketing-Marketing fees paid relate to
the development of a comprehensive marketing plan whose objective is to build
brand and product awareness through planned media and other
exposures.


F-10


BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





Note
9. Loss on sale of equipment





During the period ended March 31, 2008,
the Company sold all of its equipment to Barry Van Wie (“BVW”), former
CEO in exchange for the settlement of advance from BVW in the amount of
$5,027.  These assets had a book value of $10,243 net of accumulated
depreciation. The Company incurred a loss of approximately $5,200 from the
sale.





Note
10. Other income





The
Company as of March 12, 2008, owed $6,000 to Cab-Tive Advertising, Inc. for
unpaid equipment lease fees.  The Company and Cab-Tive Advertising
entered into a mutual agreement which provided for an exchange of certain
equipment, and a cancellation of the unpaid lease fees resulting in a recording
of $6,000 of other income.





Note
11. Facilities





The
Company’s corporate headquarters are presently co located at no cost to the
Company in the law offices of its Chief Executive Officer.





Note
12. Newly issued pronouncements





In
June 2008, the FASB issued FASB Staff Position EITF 03-6-1, Determining Whether Instruments
Granted Share-Based Payment Transactions Are Participating Securities,
(“FSP EITF 03-6-1”). FSP EITF 03-6-1 addresses whether instruments granted in
share-based payment transactions are participating securities prior to vesting,
and therefore need to be included in the computation of earnings per share under
the two-class method as described in FASB Statement of Financial Accounting
Standards No. 128, “Earnings per Share.” FSP EITF 03-6-1 is effective for
financial statements issued for fiscal years beginning on or after
December 15, 2008 and earlier adoption is prohibited. We are not required
to adopt FSP EITF 03-6-1; neither do we believe that FSP EITF 03-6-1 would have
material effect on our consolidated financial positionand results of
operations if adopted.


In
May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163,
“Accounting for Financial Guarantee Insurance Contracts-and interpretation of
FASB Statement No. 60”.  SFAS No. 163 clarifies how Statement 60
applies to financial guarantee insurance contracts, including the recognition
and measurement of premium revenue and claims liabilities. This statement also
requires expanded disclosures about financial guarantee insurance contracts.
SFAS No. 163 is effective for fiscal years beginning on or after December 15,
2008, and interim periods within those years. SFAS No. 163 has no effect on the
Company’s financial position, statements of operations, or cash flows at this
time.





In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162,
“The Hierarchy of Generally Accepted Accounting Principles”.  SFAS No.
162 sets forth the level of authority to a given accounting pronouncement or
document by category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS No. 162 will
become effective 60 days after the SEC approves the PCAOB’s amendments to AU
Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on
the Company’s financial position, statements of operations, or cash flows at
this time.





In March
2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161,
Disclosures about Derivative Instruments and Hedging Activities—an amendment of
FASB Statement No. 133.  This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entity’s financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.


F-11


BLINDSPOT
ALERT, INC.


Formerly Known as Promotions on Wheels
Holdings, Inc.


(A
Development Stage Company)


NOTES
TO THE FINANCIAL STATEMENTS





In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an estimate of expected term of "plain vanilla" share options in
accordance with SFAS No. 123 (R), Share-Based Payment.  In particular,
the staff indicated in SAB 107 that it will accept a company's election to use
the simplified method, regardless of whether the company has sufficient
information to make more refined estimates of expected term. At the time SAB 107
was issued, the staff believed that more detailed external information about
employee exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for “plain vanilla” share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Company’s consolidated financial position, results of
operations or cash flows.





In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements—an amendment of ARB No. 51.  This
statement amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same asthat of the
related Statement 141 (revised 2007). The Company will adopt this Statement
beginning March 1, 2009. It is not believed that this will have an impact on the
Company’s consolidated financial position, results of operations or cash
flows.





In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations’.  This Statement replaces FASB Statement No. 141,
Business Combinations, but retains the fundamental requirements in
Statement 141.  This Statement establishes principles and
requirements for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase;
and (c) determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This statement applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may not
apply it before that date. The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this will have an
impact on the Company’s consolidated financial position, results of operations
or cash flows.





In
February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for
Financial Assets and Liabilities—Including an Amendment of FASB Statement No.
115.  This standard permits an entity to choose to measure many
financial instruments and certain other items at fair value. This option is
available to all entities. Most of the provisions in FAS 159 are elective;
however, an amendment to FAS 115 Accounting for Certain Investments in Debt and
Equity Securities applies to all entities with available for sale or trading
securities. Some requirements apply differently to entities that do not report
net income. SFAS No. 159 is effective as of the beginning of an entity’s first
fiscal year that begins after November 15, 2007. Early adoption is permitted as
of the beginning of the previous fiscal year provided that the entity makes that
choice in the first 120 days of that fiscal year and also elects to apply the
provisions of SFAS No. 157 Fair Value Measurements.  The Company will
adopt SFAS No. 159 beginning March 1, 2008 and is currently evaluating the
potential impact the adoption of this pronouncement will have on its
consolidated financial statements.





In
September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. 
This statement defines fair value, establishes a framework for measuring fair
value in generally accepted accounting principles (GAAP), and expands
disclosures about fair value measurements. This statement applies under other
accounting pronouncements that require or permit fair value measurements, the
Board having previously concluded in those accounting pronouncements that fair
value is the relevant measurement attribute. Accordingly, this statement does
not require any new fair value measurements. However, for some entities, the
application of this statement will change current practice. This statement is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal years. Earlier
application is encouraged, provided that the reporting entity has not yet issued
financial statements for that fiscal year, including financial statements for an
interim period within that fiscal year. The Company will adopt this statement
March 1, 2008, and it is not believed that this will have an impact on the
Company’s consolidated financial position, results of operations or cash
flows.


F-12





ITEM
9.  Changes in and
Disagreements with Accountants on Accounting and Financial
Disclosure





None.





ITEM
9A(T). Controls and
Procedures





Our
management with the participation of our Chief Executive Officer and Chief
Financial Officer, evaluated the effectiveness of our disclosure controls and
procedures as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act for
the end of the period covered by this Annual Report on Form 10-K. Based on that
evaluation, our principal executive officer and principal financial officer have
concluded that these controls and procedures are effective in all material
respects, including those to ensure that information required to be disclosed in
reports filed or submitted under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the rules and
forms of the SEC, and is accumulated and communicated to management, including
the Chief Executive Officer and the Chief Financial Officer, as appropriate, to
allow for timely decisions regarding required disclosure.





It should
be noted that any system of controls, however well designed and operated, can
provide only reasonable, and not absolute, assurance that the objectives of the
system will be met. In addition, the design of any control system is based in
part upon certain assumptions about the likelihood of future
events.





Report
of Management on Internal Control Over Financial Reporting





Management
is responsible for establishing and maintaining adequate internal control over
financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) of the Exchange
Act).  Internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with accounting principles generally accepted in the United States of
America.





Our
internal control over financial reporting includes those policies and procedures
that (i) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of
the company; (ii) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with
accounting principles generally accepted in the United States of America and
that our receipts and expenditures are being made only in accordance with
authorization of our management and directors; (iii) provide reasonable
assurance regarding prevention or timely detection of the unauthorized
acquisition, use, or disposition of the company’s assets that could have a
material effect on the financial statements.





Management
has assessed our internal control over financial reporting as of December 31,
2008. The assessment was based on criteria for effective internal control over
financial reporting described in the Internal Control—Integrated Framework
issued by the Sponsoring Organizations of the Treadway Commission. Based on the
assessment, Management believes that we maintained effective internal control
over financial reporting as of December 31, 2008.





This
annual report does not include an attestation report of our independent
registered public accounting firm regarding internal control over financial
reporting. Management’s report was not subject to attestation by our independent
registered public accounting firm pursuant to temporary rules of the SEC that
permit us to provide only management’s report in this annual
report.





Changes
in Internal Controls





We have
evaluated, with the participation of our Chief Executive Officer and Chief
Financial Officer, that there have been no changes in our internal control over
financial reporting during our most recent fiscal quarter that have materially
affected, or are reasonably likely to materially affect our internal control
over financial reporting. Inherent limitations exist in any system of control
including the possibility of human error and the potential of overriding
controls. The effectiveness of an internal control system may also be affected
by changes in conditions.





ITEM
9B.  OTHER
INFORMATION





None.


12





PART
III





ITEM
10.  DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE





Directors
and Executive Officers





Our
current officers and directors are listed below.  Each of our
directors will serve for one year or until their respective successors are
elected and qualified.  Our officers serve at the pleasure of the
board of directors.





Name
            Age
            Position
            Start
      of TermRowland
      W. Day II
            53
            CEO
              Chairman
      of the Board
              Director
            February
      25, 2008Rusty
      Robertson
            56
            President
              COO
              Director
            July
      21, 2008Denton
      Jones
            56
            Director
            July
      21, 2008Robert
      Salluzzo
            60
            CFO
              Treasurer
            July
      21, 2008





Rowland
W. Day II, 52 years of age, Chief Executive Officer and Director.





Mr. Day
is a business corporate lawyer.   He has practiced law since
1983.  Mr. Day has been the Chairman of the Board of Clearant, Inc.
(OTCBB-CLRA) and is currently a director of RE3W WorldWide and Restaurants on
the Run.





Rusty
Robertson, 56 years of age, President, Chief Operating Officer and
Director.





Ms.
Robertson is a principal of the Robertson Schwartz Agency.  Ms.
Robertson specializes in marketing, sales, forecasting, literary, advertising
and public relations.  Advertising Age Magazine has honored Ms.
Robertson as one of the top 100 Marketers and Success Magazine featured Ms.
Robertson and her company as one of Americas Super 8 companies.





Denton
Jones, 56 years of age, Director.





Mr. Jones
has been a private investor for 30 years.  He is the manager of Texas
Atlantic Partners, LLC, the holder of 14,000,000 shares of common
stock.  Mr. Jones is a director of WQN, Inc.





Robert
J. Salluzzo, 60 years of age, Treasurer and interim Chief Financial
Officer.





Mr.
Salluzzo has been the Chief Financial Officer of four public companies since
1997.  Mr. Salluzzo is a Certified Public Accountant.





Family
Relationships




There are
no family relationships among any of our directors or executive
officers.





Legal
Proceedings





There
have been no events under any bankruptcy act, no criminal proceedings and no
judgments, injunctions, orders or decrees, including judgments finding
violations of any federal or state securities or commodities law, material to
the evaluation of the ability and integrity of any of our directors, executive
officers, promoters or control persons during the past five
years.


13


Independent
Registered Public Accounting Firm





The firm
of Moore & Associates has been appointed to serve as our independent
registered public accounting firm for the 2009 fiscal year unless the Board of
Directors deems it advisable to make a substitution.





ITEM
11.  EXECUTIVE
COMPENSATION





No
compensation of cash or equity has been paid or granted for the employment of
our officers or for the services of our directors.





ITEM 12.
            SECURITY OWNERSHIP OF CERTAIN
      BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER
      MATTERS





The
following table sets forth the securities ownership of our directors, named
executive officers, and any person or group who is known to us to be the
beneficial owner of more than five percent of our voting stock as of April 6,
2009:





Title of Class
                      
                      Name and Address of Beneficial Owner1
                      
                      Amount
      and Nature of
                        Beneficial Owner1
                      
                      
                      Percent
      of
                        classCommon
      Stock
                      
                      Denton
      Jones2
                      
                      
                      14,000,000
                      
                      
                      
                      51.7
                      %Common
      Stock
                      
                      Rusty
      Robertson3
                      
                      
                      2,400,000
                      
                      
                      
                      8.8
                      %Common
      Stock
                      
                      Rowland
      W. Day II4
                      
                      
                      1,200,000
                      
                      
                      
                      4.4
                      %Common
      Stock
                      
                      Robert
      J. Salluzzo
                      
                      
                      150,000
                      
                      
                      
                      .5
                      %Common
      Stock
                      
                      All
      directors and executive officers as a group (4 persons)
                      
                      
                      17,750,000
                      
                      
                      
                      65.5
                      %





1Applicable
percentage ownership is based on 27,091,669 shares of total voting stock
outstanding at April 6, 2009.  The number of shares of voting stock
owned are those “beneficially owned” as determined under the rules of the SEC,
including any shares of voting stock as to which a person has sole or shared
voting or investment power and any shares of voting stock which the person has
the right to acquire within sixty days through the exercise of any option,
warrant or right.  All addresses are c/o 1 Hampshire Court, Newport
Beach, California 92660, unless otherwise noted.


2Includes
14,000,000 shares owned by Texas Atlantic Capital Partners.  Mr. Jones
is the Managing Member of Texas Atlantic Capital Partners.


3Includes
2,400,000 shares owned by the Robertson Schwartz Agency.  Ms.
Robertson is a principal of the Robertson Schwartz Agency.


4..Includes
1,200,000 shares of common stock issued to Rowland W. Day II as Trustee of The
Day Family Trust.




Unless
otherwise indicated, we believe that all persons named in the table have sole
voting and investment power with respect to all Shares beneficially owned by
them.  A person is deemed to be the beneficial owner of securities
which may be acquired by such person within sixty days from the date on which
beneficial ownership is to be determined, upon the exercise of options, warrants
or convertible securities.  Each beneficial owner’s percentage
ownership is determined by assuming that options, warrants and convertible
securities that are held by such person (but not those held by any other person)
and which are exercisable, convertible or exchangeable within such sixty day
period, have been so exercised, converted or exchanged.




ITEM 13.CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE





Transactions with Related
Persons





In the
aggregate, during 2008, the Company paid to related parties $211,225 for
consulting, legal and marketing services as reflected below.





Paid
      To
                    
                    Consulting
                    
                    
                    Legal
      Services
                    
                    
                    MarketingTexas
      Atlantic Capital Partners LLC
                    
                    $
                    58,500Rowland
      W. Day II
                    
                    
                    
                    
                    
                    $
                    63,632Robertson
      Schwartz Agency
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    $
                    89,093





Denton
Jones, a director of the Company is the Managing Member of Texas Atlantic
Capital Partners LLC (TA), Rowland W. Day II is our CEO and a director and Rusty
Schwartz, a director is a principal in Robertson Schwartz Agency.





The
services that were provided are outlined below.


14





Consulting-Consulting
services consisted of the coordination of web design and marketing efforts aimed
at product launch to include the evaluation of the appropriate merchant service
agencies to be used as well as working with management relating to general
corporate matters associated with business plan implementation.





Legal-Legal service consisted
of corporate legal advice, document preparation and the preparation of quarterly
and annual filings as well as other filings required as a result of the actions
of the Company.





Marketing- Marketing services
related to the development of a comprehensive marketing plan whose objective is
to build brand and product awareness through planned media and other
exposures.





Director
Independence





It is our
position that our three directors are not independent.





ITEM
14.  PRINCIPAL
ACCOUNTING FEES AND SERVICES





Audit
Fees





The
following table sets forth the aggregate fees billed to us for the fiscal years
ended December 31, 2008 and 2007 by Moore & Associates.





Fiscal
      Year
                  2008
                
                
                Fiscal
      Year
                  2007Audit
      Fees
                
                $
                3,000
                
                
                $
                3,000Audit-Related
      Fees
                
                $
                4,500
                
                
                $
                3,000All
      Other Fees
                
                $
                0
                
                
                $
                0





Tax
Fees





There
were no fees paid in either 2008 or 2007 for tax related matters.





PART
IV





ITEM
15.  EXHIBITS,
FINANCIAL STATEMENT SCHEDULE





Exhibit
      No.
            Description3.1
            Amended
      and Restated Certificate of Incorporation of Blindspot Alert, Inc., a
      Nevada corporation. Incorporated by reference to our current report on
      Form 14-C filed with the SEC on December 5, 2008.10.1
            Incorporated
      by reference to our current report on Form 8-K filed with the SEC on July
      25, 2008 License Agreement dated June 30, 2008.31.1
            Rule
      13a-14(a) Certification of Chief Executive Officer31.2
            Rule
      13a-14(a) Certification of Chief Financial Officer32.1
            Certification
      of Chief Executive Officer Pursuant to 18.U.S.C. Section 1350, as Pursuant
      to Section  906 of the Sarbanes Oxley Act of
  200232.2
            Certification
      of Chief Financial Officer Pursuant to 18.U.S.C. Section 1350, as Pursuant
      to Section  906 of the Sarbanes Oxley Act of
  2002





15


SIGNATURES





Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.





BLINDSPOT
      ALERT, INC.FKA
      PROMOTIONS ON WHEELS HOLDINGS, INC.Date: April
      10, 2009
                          
                          By:
                          /s/
      Rowland W. Day IIRowland
      W. Day II,Chief
      Executive
Officer




Pursuant
to the requirements of the Securities and Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the Registrant and in
the capacities and on the dates indicated:




Signature
                                  
                                  Title(s)
                                  
                                  Date/s/  Rowland W. Day
      II
                                  
                                  Chief Executive
      Officer
                                  
                                  April
      10, 2009Rowland
      W. Day II/s/  Robert J.
      Salluzzo
                                  
                                  Chief Financial
      Officer
                                  
                                  April
      10, 2009Robert
      J. Salluzzo/s/  Denton Jones
                                  
                                  Director
                                  
                                  April
      10, 2009Denton
      Jones/s/  Rusty
    Robertson
                                  
                                  President and
      Director
                                  
                                  April
      10, 2009Rusty
      Robertson


16