CURRENT REPORT FOR ISSUERS SUBJECT TO THE 1934 ACT REPORTING REQUIREMENTS  FORM 10-KSB  SECURITIES AND EXCHANGE
COMMISSION Washington, DC 20549   Annual Report Pursuant to Section 13 or
15(d) of the Securities Exchange Act  For the Fiscal Year Ended December 31,
2007  Jag
Media Group, Inc. (Exact name of registrant as specified
in its charter)  Colorado xxx-xxxxxx none(State
or other jurisdiction of incorporation)
     (Commission File Number)
       (IRS Employer Identification No.)  15851 Dallas Parkway, Suite 180Addison,
Texas 75001 (Address of principal executive
offices (zip code))  (972) 450-5995 (Registrants telephone number, including
area code)  3755 Avocado Blvd, #229La Mesa, CA
91941 (Former address)  Securities registered pursuant to Section 12(b) of the
Act:  NONE Securities registered pursuant to Section 12(g) of the
Act:  Common Stock  Indicate by check mark whether the
registrant (1) has filed all reports required to be filed by Section 13 or 15(d)
of the Securities Act of 1934 during the past 12 months and (2) has been
 subject to such filing  requirement  for the past 90days Yes [X]   No [   ].  Indicate by a check
mark whether the company is a shell company (as defined by Rule 12b-2 of the
Exchange Act:  Yes [ X ]   No [   ].  Aggregate market value of the voting stock held by
non-affiliates of the registrant as of December 31, 2007: $ 0  Shares of common stock outstanding at December 31, 2007:
   5,000,000            PART I.  ITEM
1. DESCRIPTION OF
BUSINESS  Jag Media Group, Inc. (the Company) was incorporated in
the State of Colorado on February 16, 2007 and has been inactive since
inception.  The company intends to serve as a vehicle to effect an asset
acquisition, merger, exchange of capital stock or other business combination
with a domestic or foreign business. It is currently in its development
stage.  As a blank check company, the Companys business is to
pursue a business combination through acquisition, or merger with, an existing
company. As of the date of the financial statements, the Company has made no
efforts to identify a possible business combination. As a result, the Company
has not conducted negotiations or entered into a letter of intent concerning any
target business. No assurances can be given that the Company will be successful
in locating or negotiating with any target company.  Since inception, the Company has been engaged in
organizational efforts.   ITEM 2. DESCRIPTION OF PROPERTY  The Company shares an office at 15851 Dallas Parkway,
Suite 180, Addison, Texas 75001.   ITEM  3. LEGAL PROCEEDINGS  The Company is not involved in any legal proceedings.   ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF
SECURITY HOLDERS  The Company did not submit any matters to a vote to the
security holders during 2007.   1     PART II  ITEM
5. MARKET FOR REGISTRANTS COMMON
EQUITY AND RELATED STOCKHOLDERS MATTERS  The Common Stock is not currently quoted on
any exchange.  Shareholders  As of December 31, 2007, there was one record holders of
the Common Stock.  As of February 15, 2008, there still is one record
holder of the Common Stock.  Dividends  The Company has not paid cash dividends on any class of
common equity since formation and the Company does not anticipate paying any
dividends on its outstanding common stock in the foreseeable future.  Warrants  The Company has no warrants outstanding.   ITEM 6 MANAGEMENT
DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATION  The Company will attempt to locate and negotiate with a
business entity for the combination of that target company with the Company. The
combination will normally take the form of a merger, stock-for-stock exchange or
stock-for- assets exchange (the "business combination"). In most instances the
target company will wish to structure the business combination to be within the
definition of a tax-free reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended. No assurances can be given that the
Company will be successful in locating or negotiating with any target
business.  The Company has not restricted its search for any
specific kind of businesses, and it may acquire a business which is in its
preliminary or development stage, which is already in operation, or in
essentially any stage of its business life. It is impossible to predict the
status of any business in which the Company may become engaged, in that such
business may need to seek additional capital, may desire to have its shares
publicly traded, or may seek other perceived advantages which the Company may
offer.  In implementing a structure for a particular business
acquisition, the Company may become a party to a merger, consolidation,
reorganization, joint venture, or licensing agreement with another corporation
or entity.  It is anticipated that any securities issued in any such
business combination would be issued in reliance upon exemption from
registration under applicable federal and state securities laws. In some
circumstances, however, as a negotiated element of its transaction, the Company
may agree to register all or a part of such securities immediately after the
transaction is consummated or at specified times thereafter. If such
registration occurs, it will be undertaken by the surviving entity after the
Company has entered into an agreement for a business combination or has
consummated a business combination. The issuance of additional securities and
their potential sale into any trading market which may develop in the Company's
securities may depress the market value of the Company's securities in the
future if such a market develops, of which there is no assurance. However, if
the Company cannot effect a non-cash acquisition, the Company may have to raise
funds from a private offering of its securities under Rule 506 of Regulation D.
There is no assurance the Company would obtain any such equity funding.  The Company will participate in a business combination
only after the negotiation and execution of appropriate agreements. Negotiations
with a target company will likely focus on the percentage of the Company which
the target company shareholders would acquire in exchange for their
shareholdings.  Although the terms of such agreements cannot be predicted,
generally such agreements will require certain representations and warranties of  2    the parties thereto, will
specify certain events of default, will detail the terms of closing and the
conditions which must be satisfied by the parties prior to and after such
closing and will include miscellaneous other terms. Any merger or acquisition
effected by the Company can be expected to have a significant dilutive effect on
the percentage of shares held by the Company's shareholders at such time.  Results of Operation  The Company did not have any operating income and $955 of
general and administrative costs incurred for the three months ended December
31, 2007 and did not have any operating income and only $5,955 of general
administrative costs incurred for the period since inception (February 16, 2007)
through December 31, 2007.  Liquidity and Capital Resources  At December 31, 2007, the Company had no capital
resources and will rely upon the issuance of common stock and additional capital
contributions from shareholders to fund administrative expenses pending
acquisition of an operating company.  Management anticipates seeking out a target company
through solicitation. Such solicitation may include newspaper or magazine
advertisements, mailings and other distributions to law firms, accounting firms,
investment bankers, financial advisors and similar persons, the use of one or
more World Wide Web sites and similar methods. No estimate can be made as to the
number of persons who will be contacted or solicited. Management may engage in
such solicitation directly or may employ one or more other entities to conduct
or assist in such solicitation. Management and its affiliates will pay referral
fees to consultants and others who refer target businesses for mergers into
public companies in which management and its affiliates have an interest.
Payments are made if a business combination occurs, and may consist of cash or a
portion of the stock in the Company retained by management and its affiliates,
or both.  The Company and or shareholders will supervise the search
for target companies as potential candidates for a business combination. The
Company and or shareholders may pay as their own expenses any costs incurred in
supervising the search for a target company. The Company and or shareholders may
enter into agreements with other consultants to assist in locating a target
company and may share stock received by it or cash resulting from the sale of
its securities with such other consultants.  ITEM 7. FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA   The financial statements of the Company, together with
the independent auditors' report thereon of Rotenberg & Co., LLP, appear on
pages F-1 through F-7 of this report.   ITEM 8. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANICAL DISCLOSURES  None.  ITEM 8A. CONTROLS AND PROCEDURES  (a) Evaluation of disclosure controls
and procedures  We maintain controls and procedures
designed to ensure that information required to be disclosed in the reports that
we file or submit under the Securities Exchange Act of 1934 is recorded,
processed, summarized and reported within the time periods specified in the
rules and forms of the Securities and Exchange Commission. Based upon their
evaluation of those controls and procedures performed within 90 days of the
filing date of this report, our chief executive officer and the principal
financial officer concluded that our disclosure controls and procedures were
adequate.  (b) Changes in internal
controls  3      There were no significant changes in
our internal controls or in other factors that could  significantly affect
 these controls subsequent to the date of the evaluation of those controls
by the chief executive officer and principal financial officer.            4     PART III.  ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS OF
REGISTRANT  As of December 31, 2007, the following persons serve as
directors and officers of the Company.  Dean Elliott was appointed as a member of the Board of
Directors of the Company and President effective September 12, 2007.  Mr.
Elliott, has over 30 years experience in various oil and gas executive positions
varying from mid-size independent oil & gas operators to large fully
integrated publicly traded energy companies. For more than the last five years,
Mr. Elliott has been an independent oil and gas developer. Mr. Elliott has
extensive knowledge in seeking, evaluating, securing, drilling and developing
over 100 oil and gas wells in Texas, Oklahoma and Louisiana. His background also
includes extensive experience in mergers and acquisitions, financing and
hands-on experience in all aspects of oil and gas operations, from prospect to
pipeline.  Mr. Elliott is 54.  Michelle Sheriff was appointed as a member of the Board
of Directors of the Company and Vice President and Secretary effective September
12, 2007.  Ms. Sheriff has been Vice-President of Curado Energy Resources
in Dallas, Texas since 2005. Her experience includes drilling operations, field
operations management, oil and gas accounting, land/lease/equipment purchasing,
well operation evaluations, contract preparation, and marketing programs
management. Prior to joining Curado Energy, Ms. Sheriff was employed with
AirGATE Technologies, a Texas- based corporation focusing on enterprise wireless
technology solutions in the area of RFID.  Ms. Sheriff has over 16 years
sales and marketing experience developing customer relationships with Fortune
500 and national corporations.  Ms. Sheriff is 35.   ITEM
10. EXECUTIVE
COMPENSATION  Our executive officers received $-0- in
2007.      5     ITEM 11. SECUIRTY OWNERSHIP
OF MANANGEMENT AND BENEFICIAL OWNERS   As of December 31, 2007, the following
persons are known to the Company to own 5% or more of the Company's Voting
Stock:  Title / relationship Amount
owned to Issuer Name of Owner Shares Percent   Shareholder South Beach Live, Inc. 5,000,000 100.00%      6     ITEM 12. CERTAIN
RELATIONSHIPS AND RELATED PARTY TRANSACTION  South Beach Live, Inc. has advanced The
Company $955 through the period ended December 31, 2007 to pay for professional
services.   ITEM 13. EXHIBITS, FINANICAL
STATEMENTS AND REPORTS ON FORM 8-K  (a) The following documents are filed as part of this
report:  Included in Part II, Item 7 of this report:  Independent Auditors
Report  Consolidated Balance Sheet as of
December 31, 2007  Consolidated Statement of Operations
for the period February 16, 2007 (date of inception) to December 31, 2007  Consolidated Statement of
Stockholders Equity for the period February 16, 2007 (date of inception) to
December 31, 2007  Consolidated Statement of Cash Flows
for the period February 16, 2007 (date of inception) to December 31, 2007  Notes to the Consolidated
Financial Statements  (b) The company filed the following Form 8-Ks in 2007.  On October 5, 2007 the Company filed
Form 8-K pursuant to a share purchase agreement dated September 12, 2007 where
South Beach Live, Inc. purchased all 5,000,000 outstanding shares of JAGMEDIA
GROUP, Inc. from Walter Reed, the sole shareholder, officer and director of the
Company in a private purchase transaction.  (c) Exhibits  *3.1

Certificate of Incorporation, as filed with the
Colorado Secretary of State on February 16, 2007.*3.2

By-Laws31.1

Certification pursuant to Section 302 of
Sarbanes Oxley Act of 200232.1

Certification pursuant to Section 906 of
Sarbanes Oxley Act of 2002  * Filed as an exhibit to the Companys Registration
Statement on Form 10-SB, as filed with the Securities and Exchange Commission on
March 24, 2007, and incorporated herein by this reference.    ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES  (1) AUDIT FEES  The aggregate fees billed for professional services
rendered by our auditors, for the audit of the registrant's annual financial
statements and review of the financial statements included in the registrant's
Form 10-KSB or services that are normally provided by the accountant in
connection with statutory and regulatory filings or engagements for fiscal year
2007 was $1,500.  7      (2) AUDIT-RELATED FEES  $500 for each of the second and third quarter Form
10-QSB.  (3) TAX FEES  NONE  (4) ALL OTHER FEES  NONE  (5) AUDIT COMMITTEE POLICIES AND PROCEDURES  The Company does not have an audit committee.  (6) If greater than 50 percent, disclose the percentage
of hours expended on the principal accountant's engagement to audit the
registrant's financial statements for the most recent fiscal year that were
attributed to work performed by persons other than the principal accountant's
full-time, permanent employees.  Not applicable.                      8     SIGNATURES  Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Annual
Report on Form 10-KSB to be signed on its behalf by the undersigned hereunto
duly authorized.   JAG MEDIA GROUP, INC.  By: /s/  Dean
Elliott  Dean Elliott Chief Executive Officer andChief Financial Officer  Dated: February 19, 2008     9     Exhibit 31 CERTIFICATION  I, Dean Elliott, certify that:  1. I have reviewed this annual report on
Form 10-KSB of Jag Media Group, Inc.  2. Based on my knowledge, this annual
report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect
to the period covered by this annual report;  3. Based on my knowledge, the financial
statements, and other financial information included in this annual report,
fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods
presented in this annual report;  4. The registrant's other certifying
officers and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for
the registrant and have:  a) designed such
disclosure controls and procedures to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made known to us
by others within those entities, particularly during the period in which this
annual report is being prepared;  b) evaluated the
effectiveness of the registrant's disclosure controls and procedures as of a
date within 90 days prior to the filing date of this annual report (the
"Evaluation Date"); and  c) presented in this
annual report our conclusions about the effectiveness of the disclosure controls
and procedures based on our evaluation as of the Evaluation Date;  5. The registrant's other certifying
officers and I have disclosed, based on our most recent evaluation, to the
registrant's auditors and the audit committee of registrant's board of directors
(or persons performing the equivalent functions):  a) all significant
deficiencies in the design or operation of internal controls which could
adversely affect the registrant's ability to record, process, summarize and
report financial data and have identified for the registrant's auditors any
material weaknesses in internal controls; and  b) any fraud, whether
or not material, that involves management or other employees who have a
significant role in the registrant's internal controls; and  6. The registrant's other certifying
officers and I have indicated in this annual report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most recent
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.  Date: February 19, 2008  /s/  Dean Elliott Dean Elliott Chief Executive Officer and Chief Financial Officer         10       Exhibit 32  CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF
2002   In connection with the Quarterly Report of
EMazing Interactive, Inc. (the Company) on Form 10-KSB for the period ending
December 31, 2007 as filed with the Securities and Exchange Commission on the
date hereof (the Report), I, Dean Elliott, Chief Executive Officer of the
Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:  (1) The Report fully
complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and  (2) The information
contained in the Report fairly presents, in all material respects, the financial
condition and result of operations of the Company.   /s/  Dean Elliott Dean Elliott Chief Executive Officer and Chief Financial
Officer February 19, 2007        11     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   To the Board of Directors Jag Media Group, Inc. Addison, Texas  We have audited the accompanying balance sheet of Jag
Media Group, Inc., as of December 31, 2007, and the related statements of
operations, changes in stockholders' equity, and cash flows for the period
February 16, 2007 (inception) to December 31, 2007. These financial statements
are the responsibility of the management of Jag Media Group, Inc.  Our
responsibility is to express an opinion on these financial statements based on
our audit.  We conducted our audit in accordance with the standards
of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The Company is not required to have, nor were we engaged to
perform, an audit of its internal control over financial reporting.  Our
audit included consideration of internal control over financial reporting as a
basis for designing audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the
Companys internal control over financial reporting.  Accordingly, we
express no such opinion.  An audit also includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management , as well as evaluating the overall financial statement
presentation.  . We believe that our audit 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 Jag
Media Group, Inc. as of December 31, 2007, and the results of its operations and
its cash flows for the period February 16, 2007 (inception) to December 31, 2007
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
3 to the financial statements, the Companys financial statements have been
presented on the basis that it is a going concern in the development stage,
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. As of the date of these financial statements,
the Company has made no efforts to identify a possible business combination.
 Management's plans regarding these matters also are described in Note 3.
The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.  /s/  Rotenberg & Co., LLP ROTENBERG & CO., LLP Rochester, New York  February 12, 2008   12    JAG MEDIA GROUP,
INC. (A Development
Stage Enterprise) BALANCE
SHEET DECEMBER 31,
2007   December 31, 2007ASSETS


0Total
assets

$
-LIABILITIES AND
STOCKHOLDER'S EQUITYDue to Related
Party

$
955Stockholder's
equity


-Preferred stock, $.001 par
value,authorized 20,000,000
shares, none issuedCommon stock, $.001 par value,authorized 100,000,000
shares,


5,0005,000,000 issued and
outstandingAdditional paid in
capital


-Deficit accumulated during the
development stage


(5,955)Total stockholder's
equity(955)Total liabilities and
stockholder's equity


-$
0  The accompanying
notes are an integral part of these financial statements  F-1 
                      JAG MEDIA GROUP,
INC. (A Development Stage Enterprise) STATEMENT OF OPERATIONS   Income


For
the period
February
16, 2007
(Inception)
through
December
31, 2007Revenue


$
-Expenses


$
-General and Administrative



5,955Total Expenses


$
$5,955Net Loss



(5,955)Net loss per share (basic and diluted)


$
(.00)Weighted average shares outstanding (basic and
diluted)



5,000,000  The accompanying notes are an integral part
of these financial statements  F-2                    JAG MEDIA GROUP, INC. (A Development Stage Enterprise) STATEMENT OF CHANGES IN STOCKHOLDERS
EQUITY For the period from February 16, 2007
(Inception) to December 31, 2007  Additional Paid-in Capital
Deficit accumulated
TotalCommon StockShares
AmountIssuance of Common StockBalance February 16,
2007

0
0
0
0

0Shares issued in Lieu of
Services, February 16, 2007

5,000,000
$5,000
$0
$0

$5,000Net Loss




($5,955)

($5,955)Balance December 31, 20075,000,000
$5,000
$0
($5,955)

($955)
         The accompanying notes are an integral part
of these financial statements   F-3                 JAG MEDIA GROUP, INC. (a Development Stage Enterprise) STATEMENT OF CASH FLOWS   For the period
February 16, 2007
(Inception) through
December 31, 2007Cash flows from operating activitiesNet Loss

$
(5,955)Shares issued in lieu of Services


5,000Increase in Related Party Advances


955Cash flows used in operating
activities


-0-Net increase in cash


-Cash, beginning of period


-Cash, end of period

$
-SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION:Cash paid during the period for:Interest


-Income taxes


-   The accompanying notes are an integral part
of these financial statements     F-4


JAG MEDIA GROUP, INC. (A Development Stage Enterprise) NOTES TO THE AUDITED FINANCIAL
STATEMENTS December 31, 2007  NOTE 1 - Organization and Significant Accounting
Policies  Nature of Operations  Jag Media Group, Inc. (the Company) was incorporated in
the State of Colorado on February 16, 2007 and has been inactive since
inception.  The Company intends to serve as a vehicle to effect an asset
acquisition, merger, exchange of capital stock or other business combination
with a domestic or foreign business. It is currently in its development
stage.  As a blank check company, the Companys business is to
pursue a business combination through acquisition, or merger with, an existing
company. As of the date of the financial statements, the Company has made no
efforts to identify a possible business combination. As a result, the Company
has not conducted negotiations or entered into a letter of intent concerning any
target business. No assurances can be given that the Company will be successful
in locating or negotiating with any target company.  Since inception, the Company has been engaged in
organizational efforts.  General The accompanying financial statements include all
adjustments of a normal and recurring nature, which, in the opinion of Companys
management, are necessary to present fairly the Companys financial position as
of December 31, 2007, the results of operations and cash flows from the date of
inception (February 16, 2007) through December 31, 2007.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been omitted pursuant to the rules and regulations of
the Securities and Exchange Commission.  The results of operations and cash flows for the period
since inception (February 16, 2007) through December 31, 2007 are not
necessarily indicative of the results to be expected for the full years
operation.  NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  BASIS OF PRESENTATION  DEVELOPMENT STAGE COMPANY  The Company has not earned any revenue from operations.
Accordingly, the Company's activities have been accounted for as those of a
"Development Stage Enterprise" as set forth in Financial Accounting Standards
Board Statement No. 7 ("SFAS 7"). Among the disclosures required by SFAS 7 are
that the Company's financial statements be identified as those of a development
stage company, and that the statements of operations, stockholders' equity and
cash flows disclose activity since the date of the Company's inception.  ACCOUNTING METHOD  The Company's financial statements are prepared using the
accrual method of accounting. The Company has elected a fiscal year ending on
December 31.    BASIC EARNINGS (LOSS) PER SHARE  In February 1997, the FASB issued SFAS No. 128, "Earnings
Per Share", which specifies the computation, presentation and disclosure
requirements for earnings (loss) per share for entities with publicly held
common stock.  F-5    SFAS No. 128 supersedes the
provisions of APB No. 15, and requires the presentation of basic earnings (loss)
per share and diluted earnings (loss) per share. The Company has adopted the
provisions of SFAS No. 128.  Basic net loss per share amounts is computed by dividing
the net income by the weighted average number of common shares outstanding.
Diluted earnings per share are the same as basic earnings per share due to the
lack of dilutive items in the Company.  IMPACT OF NEW ACCOUNTING STANDARDS  The Company does not expect the adoption of recently
issued accounting pronouncements to have a significant impact on the Company's
results of operations, financial position, or cash flow.  NOTE 3 - GOING CONCERN  The Companys financial statements have been presented on
the basis that it is a going concern in the development stage, which
contemplates the realization of assets and the satisfaction of liabilities in
the normal course of business. As of the date of these financial statements, the
Company has made no efforts to identify a possible business combination.  The Companys shareholder shall fund the Companys
activities while the Company takes steps to locate and negotiate with a business
entity through acquisition, or merger with, an existing company; however, there
can be no assurance these activities will be successful.  NOTE 4 - SHAREHOLDER'S EQUITY  On February 16, 2007, the Board of Directors issued
5,000,000 shares of common stock for $5,000 in services to the founding
shareholder of the Company to fund organizational start-up costs.  The stockholders' equity section of the Company contains
the following classes of capital stock as of December 31, 2007:  -   Common stock, $ 0.001 par
value: 100,000,000 shares authorized; 5,000,000
shares issued and outstanding;  -   Preferred stock, $ 0.001
par value: 20,000,000 shares authorized; but none issued and
outstanding.  NOTE 5  RECENTLY ISSUED ACCOUNTING STANDARDS  In December 2007, the Financial Accounting Standards
Board issued Statement of Financial Accounting Standard (SFAS) No. 141(R),
Business Combinations.  SFAS 141(R) establishes principles and
requirements for how the acquirer, recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree, recognizes and measures goodwill
acquired in the business combination or a gain from a bargain purchase, and
determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination.  SFAS 141(R) is effective for fiscal years, and interim
periods within those fiscal years, beginning on or after December 15, 2008.
 The Company is currently evaluating the impact of SFAS 141(R) on its
consolidated financial statements, but does not expect it to have a material
effect.       F-6