| Nevada                                         |   | 87-0479286                                |
|------------------------------------------------|--------|-------------------------------------------|
| (State      of jurisdiction of Incorporation)  |   | (I.R.S.      Employer Identification No.) |
|                                           |   |                                      |
| 31      N. Suffolk Lane, Lake Forest, Illinois |   | 60045                                     |
| (Address      of principal executive offices)  |   | (Zip      Code)                           |

|                        Large      accelerated filer     o           | Accelerated      filer                   o |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|                        Non-accelerated      filer       o | Smaller      reporting company  x.                                                                                              |
|     (Do      not check if a smaller reporting company)                                                                                                                                      |                                                                                                                                      |

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| ·   | We are a      development stage company with no operating history and, accordingly, you      will have no basis upon which to evaluate our ability to achieve our      business objectives. We have entered into a new development stage      and have not generated any revenue during this time. During the year ended      September 30, 2007, we offset a $60,364 waiver of tax liability penalty      against general and administrative expenses. Therefore, our ability to      begin new operations is dependent upon raising money and acquiring an      operating company. Because we do not have an operating history, you will      have no basis upon which to evaluate our ability to achieve our business      objectives, which are to raise money and acquire one or more domestic and/      or foreign operating businesses, possibly in the technology sector. We      will not generate any revenues until, at the earliest, if at all, after      the consummation of a business combination. We cannot assure you that we      can raise the money needed to consummate a business combination. We cannot      assure you as to when, or if, a business combination will occur. If we are      unable to successfully achieve our business objectives, our company and      our stock price would be negativelyimpacted. |
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| ·   | Achieving      our business objectives may present conflicts of interest for our current      directors and officers. If our current directors and officers      choose to remain with us after raising money and a business combination,      then they will be negotiating the terms of the money raising and the      business combination, as well as the terms upon which they will continue      to serve as our directors and officers. As such, our current directors and      officers may have a conflict of interest in negotiating the terms of any      money raising and business combination and, at the same time, negotiating      the terms upon which they will continue to serve as our directors and      officers. This could have a negative impact on our company and our stock      price. |
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| ·   | Some or all      of our current directors and officers may resign in conjunction with      bringing in new management of our company, or upon raising money, or upon      consummation of a business combination. We cannot make any      assurances regarding the future roles of our current directors and      officers. We have no employment agreements with any of our existing      management. Some or all of our current directors and officers may resign      in conjunction with bringing in new management of our company, or upon      raising money, or upon consummation of a business combination. This could      have a negative impact on our company and our stock  price. |
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| ·   | Attracting      new directors and officers may be expensive, and may require that we enter      into long term employment agreements, issue stock options, and otherwise      incentivize the new directors and officers. We may need to attract      new directors and officers in order to achieve our business objectives,      which are to raise money and acquire one or more domestic and/ or foreign      operating businesses, possibly in the technology sector. Attracting new      directors and officers may be expensive, and may require that we enter      into long term employment agreements, issue stock options, and otherwise      incentivize the new directors and officers. This could have a negative      impact on our company and our stockprice. |
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| ·   | We will      have only a limited ability to evaluate potential new directors and      officers, and the management of target businesses.  We      may make a determination that our current directors and officers should      not remain, or should reduce their roles, following money raising or a      business combination, based on an assessment of the experience and skill      sets of new directors and officers and the management of target      businesses. We cannot assure you that our assessment of these individuals      will prove to be correct. This could have a negative impact on our company      and our stock price. |
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| ·   | Our chief      executive officer has significant influence over us. The Roberti Jacobs      Family Trust irrevocably conveyed all of its voting power to Gerard M.      Jacobs, our chief executive officer and chairman of our board of      directors. In addition, Mr. Jacobs entered into irrevocable proxy      agreements with stockholders owning  an aggregate of 2,900,000      shares of our outstanding common stock. As a result of these agreements,      Mr. Jacobs has voting control over 4,066,497 or 69.7% of our outstanding      common stock. Consequently, Mr. Jacobs exerts significant influence over      us through his ability to influence the election of directors and all      other matters that require action by our stockholders. The voting power of      Mr. Jacobs could have the effect of preventing or delaying a change in      control of our company which he opposes even if our other stockholders      believe it is in their best interests. In addition, Mr. Jacobs has the      ability to influence our day-to-dayoperations. |
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| ·   | Our      directors and officers allocate their time to other businesses, thereby      causing conflicts of interest in their determination as to how much time      to devote to our affairs. This could have a negative impact on our ability      to consummate money raising or a business combination. Our      directors and officers are not required to, and do not, commit their full      time to our affairs, thereby causing conflicts of interest in allocating      their time between our operations and the operations of other businesses.      We do not intend to have any full-time employees prior to the consummation      of a money raising or a business combination. Each of our directors and      officers is engaged in several other business endeavors and is not      obligated to contribute any specific number of hours per day or per week      to our affairs. This situation limits our current directors’ and officers’      ability to devote time to our affairs and could have a negative impact on      our ability to raise money or consummate a business combination. This      could have a negative impact on our company and our stock      price. |
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| ·  | We may      engage in a business combination with one or more target businesses that      have relationships with entities that may be affiliated with our officers      and directors, which may raise potential conflicts of interest. We      may decide to acquire one or more businesses affiliated with our officers      and directors. Despite our agreement to obtain an opinion from an      unaffiliated, independent investment banking firm, which is a member of      FINRA, regarding the fairness to our stockholders from a financial point      of view of a business combination with one or more businesses affiliated      with our officers and directors if our board of directors is unable to      independently determine that the target business or businesses have      sufficient fair market value, potential conflicts of interest may still      exist and, as a result, the terms of the business combination may not be      as advantageous to our public stockholders as it might have been absent      any conflicts of interest. This could have a negative impact on our      company and our stock price. |
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| ·   | We may have      insufficient resources to cover our operating expenses and the expenses of      raising money and consummating a business combination. We have      limited cash to cover our operating expenses for the next 24 months and to      cover the expenses incurred in connection with money raising and a      business combination. It is possible that we could incur substantial costs      in connection with money raising or a business combination. If we do not      have sufficient proceeds available to cover our expenses, we may be forced      to obtain additional financing, either from our management or third      parties. We may not be able to obtain additional financing on acceptable      terms, if at all, and neither our management nor any third party is      obligated to provide any financing. This could have a negative impact on      our company and our stock price. |
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| ·   | The nature      of our proposed operations is speculative and the success of our proposed      plan of operation will depend to a great extent on the operations,      financial condition and management of the companies with which we may      merge or which we acquire.  While management intends to      seek a merger or acquisition of privately held entities with established      operating histories, there can be no assurance that we will be successful      in locating an acquisition candidate meeting such criteria. In the event      we complete a merger or acquisition transaction, of which there can be no      assurance, our success if any will be dependent upon the operations,      financial condition and management of the acquired company, and upon      numerous other factors beyond our control. If the operations, financial      condition or management of the acquired company were to be disrupted or      otherwise negatively impacted following an acquisition, our company and      our stock price would be negativelyimpacted. |
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| ·   | We cannot      assess specific business risks because we have not identified the business      opportunities in which we will attempt to obtain an interest. Due      to the fact that we have not identified a target business for acquisition,      we cannot describe the specific risks presented by such business. Among      other risks, such target business may involve an unproven product,      technology or marketing strategy, the ultimate success of which cannot be      assured. The target business may be in competition with larger, more      established firms which may have many competitive advantages over the      target business. Our investment in a target business may be highly risky      and illiquid, and could result in a total loss to us if the acquired      business is unsuccessful. In that case, our company and our stock price      would be negatively impacted. |
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| ·   | We will be      dependent on outside advisors to assist us. In order to supplement      the business experience of management, we may employ accountants,      technical experts, appraisers, attorneys or other consultants or advisors.      The selection of any such advisors will be made by management and without      any control from shareholders. Additionally, it is anticipated that such      persons may be engaged by us on an independent basis without a continuing      fiduciary or other obligation tous. |
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| ·   | We may be      unable to protect or enforce the intellectual property rights of any      target business that we acquire or the target business may become subject      to claims of intellectual property infringement. After completing a      business combination, the procurement and protection of trademarks,      copyrights, patents, domain names, and trade secrets may be critical to      our success. We will likely rely on a combination of copyright, trademark,      trade secret laws and contractual restrictions to protect any proprietary      technology and rights that we may acquire. Despite our efforts to protect      those proprietary technology and rights, we may not be able to prevent      misappropriation of those proprietary rights or deter independent      development of technologies that compete with the business we acquire.      Litigation may be necessary in the future to enforce our intellectual      property rights, to protect our trade secrets, or to determine the      validity and scope of the proprietary rights of others. It is also      possible that third parties may claim we have infringed their patent,      trademark, copyright or other proprietary rights. Claims or litigation,      with or without merit, could result in substantial costs and diversions of      resources, either of which could have an adverse effect on our competitive      position and business. Further, depending on the target business or      businesses that we acquire, it is likely that we will have to protect      trademarks, patents, and domain names in an increasing number of      jurisdictions, a process that is expensive and may not be successful in      every location. These factors could negatively impact our company and our      stock price. |
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| ·   | Our limited      funds and the lack of full-time management will likely make it      impracticable to conduct a complete and exhaustive investigation and      analysis of a business opportunity. Our management’s decision to      commit our capital or other resources to an acquisition will likely be      made without detailed feasibility studies, independent analysis, market      surveys, etc.  We will be particularly dependent in making      decisions upon information provided by the promoter, owner, sponsor, or      others associated with the business opportunity seeking our participation.      There are numerous individuals, publicly held companies, and privately      held companies seeking merger and acquisition prospects. There is      significant competition among such groups for attractive merger and      acquisition prospects. However, the number of suitable and attractive      prospects is limited and we may find a scarcity of suitable companies with      audited financial statements seeking merger  partners. |
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| ·   | If we are      deemed to be an investment company, we may be required to institute      burdensome compliance requirements and our activities may be restricted,      which may make it difficult for us to complete a business      combination.    Although we will be subject to      regulation under the Securities Act and the Exchange Act, management      believes we will not be subject to regulation under the Investment Company      Act insofar as we will not be engaged in the business of investing or      trading in securities. In the event we engage in business combinations      which result in us holding passive investment interests in a number of      entities, we could be subject to regulation under the Investment Company      Act. In such event, we will be required to register as an investment      company and could be expected to incur significant registration and      compliance costs. We have obtained no formal determination from the SEC as      to our status under the Investment Company Act, and consequently, any      violation of such Act will subject us to material adverse      consequences. |
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| ·   | There is a      lack of meaningful public market for our securities. Although our      common stock is available for trading on the Pink Sheets, at present no      active market exists for our common stock and there is no assurance that a      regular trading market will develop and if developed, that it will be      sustained. A purchaser of stock may, therefore, be unable to resell our      common stock should he or she desire to do so. Furthermore, it is unlikely      that a lending institution will accept our common stock as pledged      collateral for loans. |
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| ·   | Our      acquisitions of businesses may be extremely risky and we could lose all or      part of our investments. We may invest in technology businesses or      other risky industries. An investment in these companies may be extremely      risky because, among other things, the companies we are likely to focus      on: |
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| ·   | typically      have limited operating histories, narrower product lines and smaller      market shares than larger businesses, which tend to render them more      vulnerable to competitors’ actions and market conditions, as well as      general economic downturns; |
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| ·   | tend      to be privately-owned and generally have little publicly available      information and, as a result, we may not learn all of the material      information we need to know regarding these  businesses; |
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| ·   | are      more likely to depend on the management talents and efforts of a small      group of people; and, as a result, the death, disability, resignation or      termination of one or more of these people could have an adverse impact on      the operations of any business that we may  acquire; |
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| ·   | may      have less predicable operatingresults; |
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| ·   | may      from time to time be parties tolitigation; |
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| ·   | may      be engaged in rapidly changing businesses with products subject to a      substantial risk of obsolescence;and |
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| ·   | may      require substantial additional capital to support their operations,      finance expansion or maintain their competitive  position. |
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| ·   | We must pay      expenses on behalf of our officers and directors and indemnify them for      wrongdoing. Our Bylaws specifically limit the liability of our      officers and directors to the fullest extent permitted by law. As a      result, aggrieved parties may have a more limited right to action than      they would have had if such provisions were not present. The Bylaws also      provide for indemnification of our officers and directors for any losses      or liabilities they may incur as a result of the manner in which they      operated our business or conducted internal affairs, provided that in      connection with these activities they acted in good faith and in a manner      which they reasonably believed to be in, or not opposed to, our best      interest. Use of our capital or assets for such indemnification would      reduce amounts available for the operations or for distribution to our      investors, which would adversely affect our company and our stock      price. |
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| ·   | General      economic conditions may adversely affect our financial condition and      results of operations. Periods of economic      slowdown or recession in the United States and in other countries, rising      interest rates or declining demand for technology products, or the public      perception that any of these events may occur, could result in a general      decline in technology products sales, which would adversely affect our      financial position, results of operations, cash flow, and ability to      satisfy our debt service obligations and to generate revenues. These      factors could negatively affect our company and our stock      price. |
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| ·   | A      relatively small number of stockholders and managers have significant      influence over us.      A small number of our stockholders and members of our board of      directors and management acting together would be able to exert      significant influence over us through their ability to influence the      election of directors and all other matters that require action by our      stockholders. The voting power of these individuals could have the effect      of preventing or delaying a change in control of our company which they      oppose even if our other stockholders believe it is in their best      interests. In addition, all of our executive officers have the ability to      influence our day-to-day operations. These factors could negatively affect      our company and our stock price. |
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| ·   | We are      dependent upon the efforts of unpaid directors and officers. Our      current directors and officers do not receive any salaries or other      monetary remuneration for their time and efforts expended on our behalf.      There is no assurance that such directors and officers will continue to      serve without any monetary remuneration. If our current directors and      officers were to resign, our company and the price of our stock would be      negatively impacted. |
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| ·   | There is a      significant likelihood of dilution of our existing      stockholders.  It is likely that the anticipated value of the      business and/or assets that we acquire relative to the current value of      our securities will result in the issuance of a relatively large number of      shares and, as a result, substantial additional dilution to the percentage      ownership of our current stockholders. If such dilution were to occur, the      price of our stock would be negativelyimpacted. |
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| ·   | There is a      possibility of further dilution to our stockholders’ ownership as a result      of a reverse split of our common stock.  Despite the lack of      present plans to do so, we may in the future effectuate a reverse split of      our common stock. The reasons for a reverse stock split can include      maintaining a minimum share price in connection with attempted      qualification for a stock exchange. A negative result of such a measure is      that the number of shares owned by the stockholders will decrease and the      number of shares available for issuance from our authorized stock pool      would increase. The result would be greater potential dilution of      stockholders ownership than would result from dilution in connection with      issuance of stock that has not been reverse  split. |
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| ·   | The      issuer of the securities that was formerly a reporting or non-reporting      shell company has ceased to be a shellcompany; |
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| ·   | The      issuer of the securities is subject to the reporting requirements of      Section 13 or 15(d) of the ExchangeAct; |
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| ·   | The      issuer of the securities has filed all reports and material required to be      filed under Section 13 or 15(d) of the Exchange Act, as applicable during      the preceding 12 months; |
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| ·   | At      least one year has elapsed from the time that the issuer filed current      Form 10 information with the Commission reflecting its status as an entity      that is not a shell company. |
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| Page                                                                                                                                                                                          |
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| Report      of Independent Registered Public Accounting Firm                                                                                                                                                                               | F-1 |
| Balance      Sheets, September 30, 2008 and 2007                                                                                                                                                                                           | F-2 |
| Statements      of Operations for the years ended September 30, 2008 and 2007 and for the      Period from May 27, 2004 (Date of Inception of the Development Stage)      through September 30, 2008                                       |  F-3 |
| Statements      of Stockholders’ Equity (Deficit) for the Period from May 27, 2004 (Date      of Inception of the Development Stage) through September 30, 2006, and for      the  Years      Ended September 30, 2007and 2008  |  F-4 |
| Statements      of Cash Flows for the years ended September 30, 2008 and 2007 and for the      Period from May 27,  2004 (Date of Inception of the Development      Stage) through September 30, 2008                            |  F-5 |
| Notes      to Financial Statements                                                                                                                                                                                                              | F-6 |

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| HANSEN, BARNETT & MAXWELL, P.C.A Professional      Corporation                                                                                    CERTIFIED PUBLIC      ACCOUNTANTS5 Triad Center, Suite      750Salt Lake City, UT      84180-1128Phone: (801)      532-2200Fax: (801)      532-7944www.hbmcpas.com |            Registered with the Public Company  Accounting      Oversight Board A      Member of the Forum of Firms  |
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| ACQUIRED      SALES CORP.                                                         |   |
|-----------------------------------------------------------------------------------|--------|
| (a      development stage enterprise)                                             |   |
| Balance      Sheets                                                               |   |
|                                                                              |   |   |   |   |   |   |
|                                                                              |   | September      30, |   |
|                                                                              |   | 2008 |   |   | 2007 |   |
| ASSETS                                                                            |   |   |   |   |   |   |
| Current      Assets:                                                              |   |   |   |   |   |   |
|         Cash                                                            |   | $ | 670 |   |   | $ | 23,933 |   |
|         Prepaid expense                                                 |   |   | - |   |   |   | 14,374 |   |
| TOTAL      ASSETS                                                                 |   | $ | 670 |   |   | $ | 38,307 |   |
|                                                                              |   |   |   |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY (DEFICIT)                               |   |   |   |   |   |   |   |   |
| Current      Liabilities:                                                         |   |   |   |   |   |   |   |   |
|         Accounts payable                                                |   | $ | 750 |   |   | $ | 3,681 |   |
| Total      Current Liabilities                                                    |   |   | 750 |   |   |   | 3,681 |   |
|                                                                              |   |   |   |   |   |   |   |   |
| Stockholders'      Equity:                                                        |   |   |   |   |   |   |   |   |
|         Preferred stock, $0.001 par value, 10,000,000 shares            |   |   |   |   |   |   |   |   |
|           authorized, no shares issued and outstanding        |   |   | - |   |   |   | - |   |
|         Common stock, $0.001 par value, 50,000,000 shares               |   |   |   |   |   |   |   |   |
|           authorized, 5,832,482 shares issued and outstanding |   |   | 5,833 |   |   |   | 5,833 |   |
|         Additional paid-in capital                                      |   |   | 145,967 |   |   |   | 145,967 |   |
|         Deficit accumulated prior to the development stage              |   |   | (69,151 | ) |   |   | (69,151 | ) |
|         Deficit accumulated during the development stage                |   |   | (82,729 | ) |   |   | (48,023 | ) |
| Total      Stockholders' Equity (Deficit)                                         |   |   | (80 | ) |   |   | 34,626 |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                   |   |   |   |   |   |   |   |   |
|          (DEFICIT)                                                 |   | $ | 670 |   |   | $ | 38,307 |   |
|                                                                              |   |   |   |   |   |   |   |   |
| See      accompanying notes to the financial statements.                          |   |

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| ACQUIRED      SALES CORP.                               |   |
|---------------------------------------------------------|--------|
| (a      development stage enterprise)                   |   |
| Statements      of Operations                           |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   | For      the period |   |
|                                                    |   |   |   |   |   |   |   | May      27, 2004 |   |
|                                                    |   |   |   |   |   |   |   | (Date      of Inception |   |
|                                                    |   | For      the Years Ended |   |   | of      the Development |   |
|                                                    |   | September      30, |   |   | Stage)      through |   |
|                                                    |   | 2008 |   |   | 2007 |   |   | September      30, 2008 |   |
|                                                    |   |   |   |   |   |   |   |   |   |
| Expenses:                                               |   |   |   |   |   |   |   |   |   |
|         General and administrative            |   | $ | (34,606 | ) |   | $ | (60,581 | ) |   | $ | (136,942 | ) |
|         Waiver of tax liability penalty       |   |   | - |   |   |   | 60,364 |   |   |   | 60,364 |   |
|         Interest                              |   |   | (100 | ) |   |   | - |   |   |   | (6,151 | ) |
| Net      Loss                                           |   | $ | (34,706 | ) |   | $ | (217 | ) |   | $ | (82,729 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted loss per share                   |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted weighted average                 |   |   |   |   |   |   |   |   |   |   |   |   |
|         common shares outstanding             |   |   | 5,832,482 |   |   |   | 4,883,305 |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| See      accompanying notes to the financialstatements. |

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| ACQUIRED      SALES CORP.                                                                  |   |
|--------------------------------------------------------------------------------------------|--------|
| (a      development stage enterprise)                                                      |   |
| Statements      of Stockholders' Equity (Deficit)                                          |   |
| for      the Period from May 27, 2004 (Date of Inception of the Development      Stage)    |   |
| through      September 30, 2006, and for the Years Ended September 30, 2007, and      2008 |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   | Deficit |   |   | Deficit |   |   |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   | Accumulated |   |   | Total |   |
|                                                                                       |   |   |   |   |   |   |   | Additional |   |   | Prior      to the |   |   | During      the |   |   | Stockholders' |   |
|                                                                                       |   | Common      Stock |   |   | Paid-in |   |   | Development |   |   | Development |   |   | Equity |   |
|                                                                                       |   | Shares |   |   | Amount |   |   | Capital |   |   | Stage |   |   | Stage |   |   | (Deficit) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      May 27, 2004 (Date of                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Inception of the Development                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Stage)                                                                   |   |   | 684,990 |   |   | $ | 685 |   |   | $ | (685 | ) |   | $ | (69,151 | ) |   | $ | - |   |   | $ | (69,151 | ) |
|    Common      stock issued for cash,                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           May 2004, $0.001 per share                                   |   |   | 4,000,000 |   |   |   | 4,000 |   |   |   | 36,000 |   |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
|         Common stock redeemed for                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           cash, May 2004, $0.001                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           per share                                                    |   |   | (19,005 | ) |   |   | (19 | ) |   |   | (171 | ) |   |   | - |   |   |   | - |   |   |   | (190 | ) |
|         Capital contributed by officer,                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           September 30, 2004                                           |   |   | - |   |   |   | - |   |   |   | 20 |   |   |   | - |   |   |   | - |   |   |   | 20 |   |
|         Net loss                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (47,806 | ) |   |   | (47,806 | ) |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      September 30, 2006                                                           |   |   | 4,665,985 |   |   |   | 4,666 |   |   |   | 35,164 |   |   |   | (69,151 | ) |   |   | (47,806 | ) |   |   | (77,127 | ) |
|         Conversion of note payable to                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           related party into common stock                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           July 2007, $0.086 per share                                  |   |   | 1,166,497 |   |   |   | 1,167 |   |   |   | 98,833 |   |   |   | - |   |   |   | - |   |   |   | 100,000 |   |
|         Issuance of 175,000 warrants                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           for services, August 2007,                                   |   |   | - |   |   |   | - |   |   |   | 11,970 |   |   |   | - |   |   |   | - |   |   |   | 11,970 |   |
|           $0.068 per warrant                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Net loss                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (217 | ) |   |   | (217 | ) |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      September 30, 2007                                                           |   |   | 5,832,482 |   |   |   | 5,833 |   |   |   | 145,967 |   |   |   | (69,151 | ) |   |   | (48,023 | ) |   |   | 34,626 |   |
|         Net loss                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (34,706 | ) |   |   | (34,706 | ) |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      September 30, 2008                                                           |   |   | 5,832,482 |   |   | $ | 5,833 |   |   | $ | 145,967 |   |   | $ | (69,151 | ) |   | $ | (82,729 | ) |   | $ | (80 | ) |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See      accompanying notes to the financial statements.                                   |   |

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| ACQUIRED      SALES CORP.                                                                 |   |
|-------------------------------------------------------------------------------------------|--------|
| (a      development stage enterprise)                                                     |   |
| Statements      of Cash Flows                                                             |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   | For      the period |   |
|                                                                                      |   |   |   |   |   |   |   | May      27, 2004 |   |
|                                                                                      |   |   |   |   |   |   |   | (Date      of Inception |   |
|                                                                                      |   | For      the Years Ended |   |   | of      the Development |   |
|                                                                                      |   | September      30, |   |   | Stage)      through |   |
|                                                                                      |   | 2008 |   |   | 2007 |   |   | September      30, 2008 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |
| Cash      Flows from Operating Activities:                                                |   |   |   |   |   |   |   |   |   |
|         Net loss                                                                |   | $ | (34,706 | ) |   | $ | (217 | ) |   | $ | (82,729 | ) |
|         Adjustments to reconcile net loss to net cash                           |   |   |   |   |   |   |   |   |   |   |   |   |
|           used in operating activities:                               |   |   |   |   |   |   |   |   |   |   |   |   |
|             Expenses paid by capital contributed by officer |   |   | - |   |   |   | - |   |   |   | 20 |   |
|             Waiver of tax liability penalty                 |   |   | - |   |   |   | (60,364 | ) |   |   | (60,364 | ) |
|             Issuance of warrants for services               |   |   | - |   |   |   | 11,970 |   |   |   | 11,970 |   |
|         Changes in assets and liabilities:                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|           Prepaid expense                                             |   |   | 14,374 |   |   |   | (14,374 | ) |   |   | - |   |
|           Accounts payable                                            |   |   | (2,931 | ) |   |   | (4,736 | ) |   |   | 750 |   |
|           Payroll tax penalties and accrued interest                  |   |   | - |   |   |   | (14,838 | ) |   |   | (8,787 | ) |
| Net      Cash Used by Operating Activities                                                |   |   | (23,263 | ) |   |   | (82,559 | ) |   |   | (139,140 | ) |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows from Financing Activities:                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|         Proceeds from issuance of note payable to                               |   |   |   |   |   |   |   |   |   |   |   |   |
|           related party                                               |   |   | - |   |   |   | 195,000 |   |   |   | 195,000 |   |
|         Payment of principal on note payable to                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|           related party                                               |   |   | - |   |   |   | (95,000 | ) |   |   | (95,000 | ) |
|         Proceeds from issuance of common stock                                  |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
|    Redemption      of common stock                                         |   |   | - |   |   |   | - |   |   |   | (190 | ) |
| Net      Cash Provided by Financing Activities:                                           |   |   | - |   |   |   | 100,000 |   |   |   | 139,810 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Increase (Decrease) in Cash                                                      |   |   | (23,263 | ) |   |   | 17,441 |   |   |   | 670 |   |
| Cash      at beginning of period                                                          |   |   | 23,933 |   |   |   | 6,492 |   |   |   | - |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      at End of Period                                                                |   | $ | 670 |   |   | $ | 23,933 |   |   | $ | 670 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental      Cash Flow Information                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      paid for interest                                                               |   | $ | 100 |   |   | $ | - |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental      Schedule of Noncash Investing                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|      and      Financing Transactions                             |   |   |   |   |   |   |   |   |   |   |   |   |
|         Conversion of $100,000 note payable to related                          |   |   |   |   |   |   |   |   |   |   |   |   |
|           party into 1,166,497 shares of common stock                 |   | $ | - |   |   | $ | 100,000 |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| See      accompanying notes to the financial statements.                                  |   |

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|                              |   | 2008   |    |   | 2007   |   |
|-----------------------------------|--------|--------|---------|--------|--------|--------|
| Warrants      outstanding         |   | $      | 4,465   |   |   | $      | 4,465 |   |
| Operating      loss carryforwards |   |   | 26,394  |   |   |   | 13,448 |   |
| Total      deferred tax assets    |   |   | 30,859  |   |   |   | 17,913 |   |
| Less:      Valuation allowance    |   |   | (30,859 | )      |   |   | (17,913 | ) |
|  Net      Deferred Tax Asset |   | $      | -       |   |   | $      | - |   |

----

|                                                     |   | 2008   |    |   | 2007   |   |
|----------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Federal      income tax benefit at statutory rate of 34% |   | $      | (11,800 | )      |   | $      | (74 | ) |
| State      income tax benefit, net of federal effect     |   |   | (1,146  | )      |   |   | (8 | ) |
| Change      in valuation allowance                       |   |   | 12,946  |   |   |   | 82 |   |
|                                                     |   |   |    |   |   |   |   |   |
| Provision      for income taxes                          |   | $      | -       |   |   | $      | - |   |

----

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| Name                       |   | Age    |   | Position                                                               |
|----------------------------|--------|--------|--------|------------------------------------------------------------------------|
|                       |   |   |   |                                                                   |
| Gerard      M. Jacobs      |   | 53     |   | Chairman,      chief executive officer, president, secretary,treasurer |
|                       |   |   |   |                                                                   |
| Joshua      A. Bloom, M.D. |   | 52     |   | Director                                                               |
|                       |   |   |   |                                                                   |
| Roger      S. Greene       |   | 53     |   | Director                                                               |
|                       |   |   |   |                                                                   |
| James      S. Jacobs, MD   |   | 54     |   | Director                                                               |
|                       |   |   |   |                                                                   |
| Michael      D. McCaffrey  |   | 62     |   | Director                                                               |
|                       |   |   |   |                                                                   |
| Richard      E. Morrissy   |   | 54     |   | Director                                                               |
|                       |   |   |   |                                                                   |
|                       |   |   |   |                                                                   |

----

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|  Name and Address of Beneficial      Owner                                                                                                            | Number      of Common stockBeneficially      Owned |   | Percentage      of Class |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|--------|--------------------------|
|  Leonard      D. Hall  1029      E. 380 North Cir  American      Fork, Utah, 84003                                           |     600,000                    |   |  10.2%              |
| Roberti      Jacobs Family Trust u/a/d 11-11-99 (1)    31      N. Suffolk Lane    Lake      Forest, Illinois 60045 | 1,166,497                                          |   | 20.0%                    |

| (1)   | The      Roberti Jacobs Family Trust shares trust      irrevocably conveyed all of its voting power to Gerard M. Jacobs, our      chairman, chief executive officer, president, secretary, and      treasurer. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | ITEM      13.  EXHIBITS AND REPORTS ON FORM8-K. |
|--------|-----------------------------------------------------------|

|   | Exhibits      and Reports on Form 8-K. |
|--------|----------------------------------------|

|   | a. | Exhibits      (filed with this report unless indicatedbelow) |
|--------|----|--------------------------------------------------------------|

|         Exhibit      31.1 | Certification      of principal executive officer pursuant to Rule 13a-14(a) of the      Securities Exchange Act of 1934, as amended, as adopted pursuant to      Section 302 of the Sarbanes-Oxley Act of2002 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         Exhibit      31.2 | Certification      of principal financial officer pursuant to Rule 13a-14(a) of the      Securities Exchange Act of 1934, as amended, as adopted pursuant to      Section 302 of the Sarbanes-Oxley Act of2002 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         Exhibit      32.1 | Certification      of principal executive officer pursuant to 18 U.S.C. Section 1350, as      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2002 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         Exhibit      32.2 | Certification      of principal financial officer pursuant to 18 U.S.C. Section 1350, as      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2002 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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