UNITED STATESSECURITIES AND EXCHANGE COMMISSION 
  WASHINGTON, D.C. 20549

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FORM 10-Q/A(Amendment No. 1)

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

For the Quarterly Period EndedSeptember 30, 2008

Or

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

For the transition period from _____ to _____

Commission file number: 000 -49768

MEDPRO SAFETY PRODUCTS, INC.(Exact name of registrant as specified in its charter)

|                                |                    
|------------------------------- | -------------------
|Nevada                          | 91-2015980         
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)

|                                              |           
|--------------------------------------------- | ----------
|817 Winchester Road, Suite 200, Lexington, KY | 40505     
|(Address of principal executive offices)      | (Zip Code)

(859) 225-5375(Registrants telephone number, including area code)

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for 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 whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and
smaller reporting company in Rule 12b-2 of the Exchange Act.

| |                           |                            
| | ------------------------- | ---------------------------
| | Large accelerated filer o | Accelerated filer o        
| |                           |                            
| | Non-accelerated filer o   | Smaller 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

Indicate the number of shares outstanding of each of the issuers class of common stock, as of the latest practicable date.

13,285,072 shares of Common Stock were outstanding at September 30, 2008.

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EXPLANATORY NOTE

MedPro Safety Products, Inc. (MedPro or the Company) is filing this Amendment No. 1 (the Amended Report) to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, which was originally filed
with the United States Securities and Exchange Commission (SEC) on November 14, 2008. The Company hereby amends the following items:

Part I

- Item 1. Financial Statements.
- Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operation (MD&A).
- Item 4T. Controls and Procedures.

Part II

- Item 6. Exhibits

The Amended Report includes restated financial statements that reflect the 2006 adjustment for the discharge of a $1,294,526 debt owed to the Companys Chairman and Chief Executive Officer, originally recorded as income and now recorded as
additional paid in capital. The notes to the restated financial statements and MD&A have been amended to reflect the foregoing changes.

In addition, the Amended Report amends Item 4T with respect to managements quarterly evaluation of controls and procedures. The Amended Report also includes amended certifications of its Chief Executive Officer and Chief Financial Officer
pursuant to SEC Rule 13(a)-14(a), and currently dated certification pursuant to Section 906 of the Sarbanes-Oxley Act (Section 1350 of Chapter 63 of Title 18 of the U.S. Code).

Finally, the Amended Report reclassifies $157,968 of expenses previously classified as a reduction of deferred revenue as revenue from Automation Services and Equipment and as Cost of Goods Sold. This adjustment grosses
up revenue by the amount spent in the process of designing and constructing an automated assembly line on behalf of a customer with funds provided by the customer.

During the audit of the Companys 2005 and 2006 financial statements, in anticipation of the reverse merger with a public shell company that was a condition to the December 28, 2007 purchase of the preferred stock and stock purchase warrants by
institutional investors, the Company accrued interest expense on amounts owed to its Chairman and Chief Executive Officer, W. Craig Turner, or entities controlled by Mr. Turner, for financing advanced to the Company over several prior years.
Interest expense was recorded in the periods to which they related. After the debt was restructured, Mr. Turner discharged $1,294,526 of interest, which was recorded as income in 2006. In response to comments from the SEC staff, the Company
elected to make an adjustment to record the $1,294,526 previously recorded in income to additional paid in capital.

The Companys financial statements for the quarter ended September 30, 2008, included in its 10-Q as originally filed on November 14, 2008, reflect a deemed dividend of $3,975,120 recorded in connection with MedPros
issuance of preferred stock and warrants to purchase shares of common stock on December 28, 2007. For more information about the deemed dividend and the restatement of the Companys audited financial statements as of December 31, 2007, see the
Companys 10-K/A filed December 22, 2008 and Note 1 of the notes to the restated financial statements included therein.

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PART I  FINANCIAL INFORMATIONItem 1. Financial Statements

The following restated financial statements of MedPro Safety Products, Inc. are included:

> Balance Sheets as of September 30, 2008 (Restated) and December 31, 2007 (Restated)
>   Statements of Operations for the three and nine months ended September 30, 2008 and 2007 (Restated)
>   Statements of Shareholders Equity for the nine months ended September 30, 2008 (Restated) and the year ended December 31, 2007 (Restated)
>   Statements of Cash Flows for the nine months ended September 30, 2008 and 2007 (Restated)
>   Notes to Unaudited Financial Statements

1

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MEDPRO SAFETY PRODUCTS, INC.Balance SheetsSeptember 30, 2008 and December 31, 2007

|                                                      |                                         |                            |  |   |           
|----------------------------------------------------- | --------------------------------------- | -------------------------- |  | - | ----------
|                                                      | September 30, 2008(Unaudited)(Restated) |                            |  |  
|                                                      |                                         | December 31,2007(Restated)
|                                                      |                                        
|                                                      |                                         |                            | 
|ASSETS                                                |                                         |                            |  |   |           
|Current Assets                                        |                                         |                            |  |   |           
|Cash                                                  | $                                       | 7,460,858                  |  | $ | 6,341,132 
|Accounts receivable                                   |                                         | 2,744,783                  |  |   | 22,801    
|Note Receivable - Vision Opportunity Master Fund, Ltd |                                         |                            |  |   | 2,000,000 
|Inventory                                             |                                         | 421,814                    |  |   | 545,956   
|Due from SGPF, LLC                                    |                                         | -                          |  |   | 24,089    
|Prepaid expenses and other current assets             |                                         | 343,259                    |  |   | 2,026     
|                                                      |                                         |                            |  |   |           
|                                                     
|Total current assets                                  |                                         | 10,970,714                 |  |   | 8,936,004 
|                                                      |                                         |                            |  |   |           
|                                                     
|Property and Equipment                                |                                         |                            |  |   |           
|Equipment and tooling                                 |                                         | 823,693                    |  |   | 1,040,750 
|Leasehold improvements                                |                                         | 107,181                    |  |   | 44,764    
|Computers, network and phones                         |                                         | 105,791                    |  |   | 90,800    
|Furniture and fixtures                                |                                         | 77,644                     |  |   | 40,628    
|Trade show booth                                      |                                         | 7,341                      |  |   | 7,341     
|                                                      |                                         |                            |  |   |           
|                                                     
|                                                      |                                         | 1,121,650                  |  |   | 1,224,283 
|                                                     
|Less: accumulated depreciation                        |                                         | 126,530                    |  |   | 105,662   
|                                                      |                                         |                            |  |   |           
|                                                     
|Property and equipment, net                           |                                         | 995,120                    |  |   | 1,118,621 
|                                                      |                                         |                            |  |   |           
|                                                     
|Other Assets                                          |                                         |                            |  |   |           
|Intangible assets                                     |                                         | 9,162,441                  |  |   | 3,067,442 
|Conditional License Agreement                         |                                         | -                          |  |   | 3,000,000 
|Deferred financing costs                              |                                         | 107,932                    |  |   | 139,261   
|                                                      |                                         |                            |  |   |           
|                                                     
|Total other assets                                    |                                         | 9,270,373                  |  |   | 6,206,703 
|                                                      |                                         |                            |  |   |           
|                                                     
|Total assets                                          | $                                       | 21,236,207                 |  | $ | 16,261,328
|                                                      |                                         |                            |  |   |           

See notes to financial statements.

2

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MEDPRO SAFETY PRODUCTS, INC.

Balance Sheets (Continued)September 30, 2008 and December 31, 2007

|                                                              |                                         |                            |   |  |   |             |  
|------------------------------------------------------------- | --------------------------------------- | -------------------------- | - |  | - | ----------- | -
|                                                              | September 30, 2008(Unaudited)(Restated) |                            |   |  |  
|                                                              |                                         | December 31,2007(Restated)
|                                                             
|                                                              |                                         |                            |  
|LIABILITIES AND SHAREHOLDERS EQUITY                          |                                         |                            |   |  |   |             |  
|Current Liabilities                                           |                                         |                            |   |  |   |             |  
|Accounts payable and accrued expenses                         | $                                       | 2,953,859                  |   |  | $ | 2,156,147   |  
|Accrued interest payable                                      |                                         | 46,400                     |   |  |   | 539,549     |  
|Current portion of long term debt                             |                                         | 3,261,115                  |   |  |   | 2,358,089   |  
|Deferred revenue                                              |                                         | 1,208,699                  |   |  |   | -           |  
|Notes payable to and advances from shareholders               |                                         | 193,333                    |   |  |   | 2,659,361   |  
|Technology transfer payments (Visual Connections, Inc.)       |                                         | 2,000,000                  |   |  |   | -           |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Total current liabilities                                     |                                         | 9,663,406                  |   |  |   | 7,713,146   |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Long-Term Liabilities                                         |                                         |                            |   |  |   |             |  
|Notes payable - long term portion                             |                                         | 3,048,632                  |   |  |   | 4,569,192   |  
|Technology transfer payments (Visual Connections, Inc.)       |                                         | 750,000                    |   |  |   | -           |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Total long-term liabilities                                   |                                         | 3,798,632                  |   |  |   | 4,569,192   |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Total liabilities                                             |                                         | 13,462,038                 |   |  |   | 12,282,338  |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Shareholders Equity                                          |                                         |                            |   |  |   |             |  
|Preferred stock $.01 par value; 10,000,000 shares authorized; |                                         |                            |   |  |   |             |  
|Series A Preferred                                            |                                         |                            |   |  |   |             |  
|6,668,229 shares issued and outstanding, liquidation          |                                         |                            |   |  |   |             |  
|preference of $457,695 and $4,975, respectively               |                                         |                            |   |  |   |             |  
|                                                              |                                         | 66,682                     |   |  |   | 66,682      |  
|Series B Preferred                                            |                                         |                            |   |  |   |             |  
|745,413 and 0 shares issued and outstanding,                  |                                         |                            |   |  |   |             |  
|respectively                                                  |                                         | 7,454                      |   |  |   | -           |  
|                                                             
|Common stock                                                  |                                         |                            |   |  |   |             |  
|$.001 par value; 90,000,000 shares authorized;                |                                         |                            |   |  |   |             |  
|13,285,072 shares issued and outstanding and                  |                                         | 13,285                     |   |  |   | 13,285      |  
|$.001 par value                                               |                                         |                            |   |  |   |             |  
|Additional paid-in capital                                    |                                         | 34,991,662                 |   |  |   | 27,628,366  |  
|Unearned share-based compensation                             |                                         | (21,885                    | ) |  |   | (21,885     | )
|Accumulated deficit                                           |                                         | (27,283,029                | ) |  |   | (23,707,458 | )
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|Total shareholders equity                                    |                                         | 7,774,169                  |   |  |   | 3,978,990   |  
|                                                              |                                         |                            |   |  |   |             |  
|                                                             
|                                                             
|Total liabilities and shareholders equity                    | $                                       | 21,236,207                 |   |  | $ | 16,261,328  |  
|                                                              |                                         |                            |   |  |   |             |  

See notes to financial statements.

3

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MEDPRO SAFETY PRODUCTS, INC.

Statement of Operations 
For the Three and Nine Months Ended September 30, 2008 and 2007

|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|----------------------------------------------- | ---------------------------------------------------------------- | ----------- | ------------------------------------------- |  | --------------------------------------------------------------- | ---------- | --------------------------------------------------------------- |  | - | ---------- | - |  | - | ---------- | -
|                                                | For the Three MonthsEndedSeptember 30, 2008(Unaudited)(Restated) |             | For the Three MonthsEndedSeptember 30, 2007 |  | For the Nine MonthsEndedSeptember 30, 2008(Unaudited)(Restated) |            | For the Nine MonthsEndedSeptember 30, 2007(Unaudited)(Restated)
|                                                |                                                                  |             |                                            
|                                                |                                                                  |             |                                            
|                                                |                                                                  |             |                                             |  |                                                                 |           
|                                                |                                                                  | (Unaudited) |                                             | 
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                
|Sales                                           |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|Needlyzer                                       | $                                                                | -           |                                             |  | $                                                               | 6,317      |                                                                 |  | $ | 1,180      |   |  | $ | 10,845     |  
|Safe-Mate                                       |                                                                  | -           |                                             |  |                                                                 | 10,175     |                                                                 |  |   | 17,855     |   |  |   | 47,939     |  
|Automation services & equipment                 |                                                                  | 1,491,301   |                                             |  |                                                                 | -          |                                                                 |  |   | 1,491,301  |   |  |   | -          |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Total sales                                     |                                                                  | 1,491,301   |                                             |  |                                                                 | 16,492     |                                                                 |  |   | 1,510,336  |   |  |   | 58,784     |  
|                                               
|Cost of Goods Sold                              |                                                                  | 322,896     |                                             |  |                                                                 | 2,790      |                                                                 |  |   | 326,404    |   |  |   | 12,090     |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Gross profit                                    |                                                                  | 1,168,405   |                                             |  |                                                                 | 13,702     |                                                                 |  |   | 1,183,932  |   |  |   | 46,694     |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Operating Expenses                              |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|Salaries, wages, and payroll taxes              |                                                                  | 1,140,848   |                                             |  |                                                                 | 147,374    |                                                                 |  |   | 1,678,115  |   |  |   | 283,559    |  
|Product development costs                       |                                                                  | 53,074      |                                             |  |                                                                 | 33,560     |                                                                 |  |   | 120,736    |   |  |   | 208,030    |  
|Professional and insurance                      |                                                                  | 918,032     |                                             |  |                                                                 | 323,372    |                                                                 |  |   | 1,424,585  |   |  |   | 519,881    |  
|General and administrative                      |                                                                  | 187,350     |                                             |  |                                                                 | 63,961     |                                                                 |  |   | 449,338    |   |  |   | 283,987    |  
|Travel and entertainment                        |                                                                  | 60,909      |                                             |  |                                                                 | 18,012     |                                                                 |  |   | 258,061    |   |  |   | 63,990     |  
|Loss on disposal of assets                      |                                                                  | 402,494     |                                             |  |                                                                 | -          |                                                                 |  |   | 402,494    |   |  |   | -          |  
|Depreciation and amortization                   |                                                                  | 32,173      |                                             |  |                                                                 | 1,488      |                                                                 |  |   | 86,572     |   |  |   | 4,465      |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Total operating expenses                        |                                                                  | 2,794,880   |                                             |  |                                                                 | 587,767    |                                                                 |  |   | 4,419,901  |   |  |   | 1,363,912  |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Loss from operations                            |                                                                  | (1,626,475  | )                                           |  |                                                                 | (574,065   | )                                                               |  |   | (3,235,969 | ) |  |   | (1,317,218 | )
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Other Income (Expenses)                         |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|Interest expense                                |                                                                  | (135,977    | )                                           |  |                                                                 | (228,660   | )                                                               |  |   | (443,710   | ) |  |   | (674,652   | )
|Income from debt forgiveness                    |                                                                  | -           |                                             |  |                                                                 | -          |                                                                 |  |   | 65,152     |   |  |   | -          |  
|Interest income                                 |                                                                  | 2,669       |                                             |  |                                                                 | 836        |                                                                 |  |   | 46,168     |   |  |   | 890        |  
|Other                                           |                                                                  | 4,800       |                                             |  |                                                                 | (10,628    | )                                                               |  |   | (7,212     | ) |  |   | (544       | )
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Total other income (expenses)                   |                                                                  | (128,508    | )                                           |  |                                                                 | (238,452   | )                                                               |  |   | (339,602   | ) |  |   | (674,306   | )
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Provision for income taxes                      |                                                                  | -           |                                             |  |                                                                 | -          |                                                                 |  |   | -          |   |  |   | -          |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Net loss                                        | $                                                                | (1,754,983  | )                                           |  | $                                                               | (812,517   | )                                                               |  | $ | (3,575,571 | ) |  | $ | (1,991,524 | )
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Net Loss per share                              |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|Basic and diluted net loss per share            | $                                                                | (0.13       | )                                           |  | $                                                               | (0.07      | )                                                               |  | $ | (0.27      | ) |  | $ | (0.19      | )
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|                                               
|Shares used in computing earnings per share     |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|Weighted average number of shares outstanding - |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|basic and diluted                               |                                                                  | 13,285,072  |                                             |  |                                                                 | 11,100,956 |                                                                 |  |   | 13,285,072 |   |  |   | 10,740,318 |  
|                                                |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  
|See notes to financial statements.              |                                                                  |             |                                             |  |                                                                 |            |                                                                 |  |   |            |   |  |   |            |  

4

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MEDPRO SAFETY PRODUCTS, INC.

Statement of Shareholders EquityFor the Nine Months Ended September 30, 2008 and the Year Ended December 31, 2007(Restated)

|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|------------------------------------------------- | ------------ | - | --------------- | - | -------------------- |  | --------- |  | --------------------- | ------- |  | - | ----------- | - |  | ---------- | ----------- | - |  | - | ----------- | - |  | - | ---------- | -
|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  | Additional |             |   |  |   |             |   |  |  
|                                                  | Common Stock |   | Preferred Stock |   | UnearnedCompensation |  | Paid-In   |  | AccumulatedDeficiency |         |  |   |            
|                                                  | Shares       |   | Amount          |   | Shares               |  | Amount    |  |                       | Capital |  |   | Total      
|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   | 
|Balance, December 31, 2006                        | 10,360,494   |   |                 | $ | 10,361               |  | -         |  |                       | -       |  |   | -           |   |  | $          | 11,048,327  |   |  | $ | (16,479,739 | ) |  | $ | (5,421,051 | )
|Reverse split of common shares in                 |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|Vacumate, LLC merger                              | (6,216,297   | ) |                 |   | -                    |  | -         |  |                       | -       |  |   | -           |   |  |            | -           |   |  |   | -           |   |  |   | -          |  
|Common shares issued to Vacumate,                 |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|LLC members in merger                             | 6,216,297    |   |                 |   | -                    |  | -         |  |                       | -       |  |   | -           |   |  |            | -           |   |  |   | -           |   |  |   | -          |  
|Common shares issued in conversion 
      of debt | 216,347      |   |                 |   | 216                  |  | -         |  |                       | -       |  |   | -           |   |  |            | 309,764     |   |  |   | -           |   |  |   | 309,980    |  
|Common shares issued to Jacobsen                  | 7,641        |   |                 |   | 8                    |  | -         |  |                       | -       |  |   | -           |   |  |            | (8          | ) |  |   | -           |   |  |   | -          |  
|Common shares issued for cash                     | 700,272      |   |                 |   | 700                  |  | -         |  |                       | -       |  |   | -           |   |  |            | 749,300     |   |  |   | -           |   |  |   | 750,000    |  
|Common shares of DentalServ.com                   |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|Corporation Shareholders assumed                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|in the merger                                     | 1,406,387    |   |                 |   | 1,406                |  | -         |  |                       | -       |  |   | -           |   |  |            | (1,406      | ) |  |   | -           |   |  |   | -          |  
|Series A preferred shares issued for              |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|cash, net of issuance costs of $1,407,340         | -            |   |                 |   | -                    |  | 6,668,229 |  |                       | 66,682  |  |   | -           |   |  |            | 11,525,978  |   |  |   | -           |   |  |   | 11,592,660 |  
|Common shares issued in connection with           |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|issuance costs of Preferred Stock                 | 593,931      |   |                 |   | 594                  |  | -         |  |                       | -       |  |   | -           |   |  |            | (594        | ) |  |   | -           |   |  |   | -          |  
|Common shares issued for future services          | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | (21,885     | ) |  |            | 21,885      |   |  |   | -           |   |  |   | -          |  
|Deemed dividend on imbedded conversion            |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|feature in Preferred Stock                        | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | -           |   |  |            | 3,975,120   |   |  |   | (3,975,120  | ) |  |   | -          |  
|Net loss                                          | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | -           |   |  |            | -           |   |  |   | (3,252,599  | ) |  |   | (3,252,599 | )
|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|Balance, December 31, 2007                        | 13,285,072   |   |                 |   | 13,285               |  | 6,668,229 |  |                       | 66,682  |  |   | (21,885     | ) |  |            | 27,628,366  |   |  |   | (23,707,458 | ) |  |   | 3,978,990  |  
|Series B Convertible Preferred shares             |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|issued for cash                                   | -            |   |                 |   | -                    |  | 745,413   |  |                       | 7,454   |  |   | -           |   |  |            | 6,492,546   |   |  |   | -           |   |  |   | 6,500,000  |  
|Options granted to employees and directors        | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | (14,580,000 | ) |  |            | 14,580,000  |   |  |   | -           |   |  |   | -          |  
|Earned portion of employee and director           |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|options                                           | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | 870,750     |   |  |            | -           |   |  |   | -           |   |  |   | 870,750    |  
|Unearned share based compensation (Restated)      | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | 13,709,250  |   |  |            | (13,709,250 | ) |  |   | -           |   |  |   | -          |  
|Net loss through September 30, 2008               | -            |   |                 |   | -                    |  | -         |  |                       | -       |  |   | -           |   |  |            | -           |   |  |   | (3,575,571  | ) |  |   | (3,575,571 | )
|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  
|Balance, September 30, 2008                       | 13,285,072   |   |                 | $ | 13,285               |  | 7,413,642 |  | $                     | 74,136  |  | $ | (21,885     | ) |  | $          | 34,991,662  |   |  | $ | (27,283,029 | ) |  | $ | 7,774,169  |  
|                                                  |              |   |                 |   |                      |  |           |  |                       |         |  |   |             |   |  |            |             |   |  |   |             |   |  |   |            |  

See notes to financial statements.

5

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MEDPRO SAFETY PRODUCTS, INC.Statement of Cash FlowsFor the Nine Months Ended September 30, 2008 and 2007

|                                                                               |                                                                  |                                                        |   |  |   |            |  
|------------------------------------------------------------------------------ | ---------------------------------------------------------------- | ------------------------------------------------------ | - |  | - | ---------- | -
|                                                                               | For the Nine Months EndedSeptember 30, 2008(Unaudited)(Restated) |                                                        |   |  |  
|                                                                               |                                                                  | For the Nine Months EndedSeptember 30, 2007(Unaudited)
|                                                                               |                                                                 
|                                                                               |                                                                 
|                                                                               |                                                                  |                                                        |  
|Cash Flows From Operating Activities                                           |                                                                  |                                                        |   |  |   |            |  
|Net loss                                                                       | $                                                                | (3,575,571                                             | ) |  | $ | (1,991,524 | )
|Adjustments to reconcile net loss to net cash flows from operating activities: |                                                                  |                                                        |   |  |   |            |  
|Depreciation                                                                   |                                                                  | 20,868                                                 |   |  |   | 4,465      |  
|Amortization of financing costs                                                |                                                                  | 31,329                                                 |   |  |   | -          |  
|Write-down of inventory                                                        |                                                                  | 161,477                                                |   |  |   | -          |  
|Loss on abandonment of equipment                                               |                                                                  | 402,494                                                |   |  |   | -          |  
|Loss on cancellation of license agreement                                      |                                                                  | 700,000                                                |   |  |   | -          |  
|Share based compensation                                                       |                                                                  | 870,750                                                |   |  |   | -          |  
|Changes in operating assets and liabilities                                    |                                                                  |                                                        |   |  |   |            |  
|Accounts receivable                                                            |                                                                  | (2,721,980                                             | ) |  |   | (4,688     | )
|Inventory                                                                      |                                                                  | (37,336                                                | ) |  |   | (31,932    | )
|Other current assets                                                           |                                                                  | (339,403                                               | ) |  |   | 45,654     |  
|Accounts payable and accrued expenses                                          |                                                                  | (225,146                                               | ) |  |   | 230,224    |  
|Accrued interest payable                                                       |                                                                  | (343,148                                               | ) |  |   | (110,122   | )
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Net cash flows from operating activities                                       |                                                                  | (5,055,666                                             | ) |  |   | (1,857,923 | )
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Cash Flows From Investing Activities                                           |                                                                  |                                                        |   |  |   |            |  
|Advances (to)/from SGPF, LLC                                                   |                                                                  | 24,089                                                 |   |  |   | -          |  
|Proceeds from cancellation of license agreement                                |                                                                  | 2,300,000                                              |   |  |   | -          |  
|Purchase of intangible assets                                                  |                                                                  | (1,113,444                                             | ) |  |   | (4,791     | )
|Purchases of property, equipment                                               |                                                                  | (299,860                                               | ) |  |   | (70,000    | )
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Net cash flows from investing activities                                       |                                                                  | 910,785                                                |   |  |   | (74,791    | )
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Cash Flows From Financing Activities                                           |                                                                  |                                                        |   |  |   |            |  
|Shares issued for cash                                                         |                                                                  | -                                                      |   |  |   | 500,000    |  
|Collection of notes receivable                                                 |                                                                  | 2,000,000                                              |   |  |   | -          |  
|Payment of bank fees                                                           |                                                                  | (150,000                                               | ) |  |   | -          |  
|Proceeds from bank borrowings                                                  |                                                                  | -                                                      |   |  |   | 1,317,500  |  
|Repayments on bank borrowings                                                  |                                                                  | (617,534                                               | ) |  |   | (60,858    | )
|Net repayments on notes payable to and advances from shareholders              |                                                                  | (2,466,028                                             | ) |  |   | 993,333    |  
|Preferred stock issued                                                         |                                                                  | 6,500,000                                              |   |  |   | -          |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Net cash flows from financing activities                                       |                                                                  | 5,266,438                                              |   |  |   | 2,749,975  |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Net increase (decrease) in cash                                                |                                                                  | 1,121,557                                              |   |  |   | 817,261    |  
|                                                                              
|Cash at the beginning of the period                                            |                                                                  | 6,339,301                                              |   |  |   | 59,954     |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Cash at the end of the period                                                  | $                                                                | 7,460,858                                              |   |  | $ | 877,215    |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Supplemental Disclosures of Cash Flow Information:                             |                                                                  |                                                        |   |  |   |            |  
|Cash paid for interest                                                         | $                                                                | 786,858                                                |   |  | $ | 667,515    |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  
|                                                                              
|Non-cash financing activities:                                                 |                                                                  |                                                        |   |  |   |            |  
|Accrual for purchase of intangible assets                                      | $                                                                | 4,981,556                                              |   |  | $ | -          |  
|                                                                               |                                                                  |                                                        |   |  |   |            |  

See notes to financial statements.

6

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MEDPRO SAFETY PRODUCTS, INC.Notes to Financial Statements(Unaudited)

NOTE 1  BASIS OF PRESENTATION AND NATURE OF BUSINESS (Restated)

The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X.
Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of only normal recurring
accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended September 30, 2008 and the nine months ended September 30, 2008 are not necessarily indicative of the results that may be
expected for the year ended December 31, 2008. For further information, refer to the Companys restated financial statements and footnotes thereto included in Amendment No. 1 to the Companys annual report on Form 10-K for the year ended
December 31, 2007, which was filed on Form 10-K/A on December 22, 2008.

NOTE 2  INCOME TAXES

Income tax expense is provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for differences between the basis of assets and liabilities
for financial statement and income tax purposes. The differences relate primarily to the effects of net operating loss carry forwards and differing basis, depreciation methods, and lives of depreciable assets. The deferred tax assets represent the
future tax return consequences of those differences, which will be deductible when the assets are recovered.

No income tax benefit (expense) was recognized for the three months ended September 30, 2008 or the nine months ended September 30, 2008 as a result of the losses in these periods and because deferred tax benefits, derived from the Companys
prior net operating losses, were previously fully reserved and the Company has cumulative net operating losses for tax purposes in excess of $14 million.

NOTE 3  EARNINGS PER SHARE

In accordance with Statement of Financial Accounting Standards (SFAS) No. 128, Earnings Per Share, basic earnings per share were computed using weighted average shareholdings for the three and nine months ended September 30, 2008 of
13,285,072 and for the three and nine months ended September 30, 2007 of 11,100,956 and 10,740,218, respectively. There were no new common shares issued in 2008. During 2007, the Company issued 740,462 shares in five separate transactions on May 13,
2007. The basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share are based on the weighted average number of common shares outstanding and all dilutive potential common shares
outstanding. Because the Company has net losses for the periods presented, there is no dilutive effect and both the basic and diluted losses per share are the same for all periods presented.

NOTE 4  RECENT ACCOUNTING PRONOUNCEMENTS

Recent Accounting Pronouncements -In June 2006, FIN 48, Accounting for Uncertainty in Income Taxes, an interpretation of SFAS No. 109, clarified the accounting for uncertainties in income taxes recognized in an
enterprises financial statements. The Interpretation requires that we determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authority. If a tax position meets the more
likely than not recognition criteria, FIN 48 requires the tax position be measured at the largest amount of benefit greater than fifty percent (50%) likely of being realized upon ultimate settlement. This accounting standard was effective for fiscal
years beginning after December 15, 2006. The effect of adopting FIN 48 did not have a material effect on our financial position and results of operations. The Company currently has tax return periods open beginning with December 31, 2004 through
December 31, 2007.

In September 2006, the Staff of the SEC issued Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB No. 108). SAB No.
108 provides guidance on the consideration of the effects of prior year misstatements in quantifying current year misstatements for the purpose of determining whether the current years financial statements are materially misstated. SAB 108
was

7

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NOTE 4  RECENT ACCOUNTING PRONOUNCEMENTS (Continued)

effective for the Companys fiscal year 2007 annual financial statements. The adoption of SAB 108 did not significantly impact our financial position, results of operations or cash flows.

In September 2006, the FASB issued Statement No. 157, Fair Value Measurements (SFAS 157). This standard defines fair value, establishes the framework for measuring fair value in accounting principles generally accepted in the
United States and expands disclosure about fair value measurements. This pronouncement applies under other accounting standards that require or permit fair value measurements. Accordingly, this statement does not require any new fair value
measurement. This statement is effective for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The adoption of SFAS No. 157 did not have a material impact on our financial statements.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities -including an amendment of FAS 115 (SFAS No.159). SFAS No. 159 allows companies to choose, at specified election dates,
to measure eligible financial assets and liabilities at fair value that are not otherwise required to be measured at fair value. Unrealized gains and losses shall be reported on items for which the fair value option has been elected in earnings at
each subsequent reporting date. SFAS No. 159 also establishes presentation and disclosure requirements. We are continuing to evaluate the desirability of adopting SFAS No. 159. SFAS No. 159 was effective for fiscal years beginning after November 15,
2007 and will be applied prospectively.

In December 2007, the FASB issued SFAS No. 141(R), Business Combinations, (SFAS No. 141(R)) and SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements, (SFAS No. 160). These
standards were designed to improve, simplify and converge internationally the accounting for business combinations and the reporting of noncontrolling interests in consolidated financial statements. SFAS No. 141(R) requires an acquiring entity in a
business combination to recognize all (and only) the assets acquired and liabilities assumed in the transaction; establishes the acquisition-date fair value as the measurement objective for all assets acquired and liabilities assumed; and requires
the acquirer to disclose to investors and other users all of the information needed to evaluate and understand the nature and financial effect of the business combination. SFAS No. 160 requires all entities to report noncontrolling (minority)
interests in subsidiaries as equity in the consolidated financial statements. SFAS No. 160 also eliminates the diversity that currently exists in accounting for transactions between an entity and noncontrolling interests by requiring they be treated
as equity transactions. SFAS No. 141(R) and SFAS No. 160 will be effective for fiscal years beginning after December 15, 2008. The Company has not yet concluded what impact these new standards will have, if any, on its Financial Statements.

NOTE 5  BUSINESS COMBINATIONS

On January 10, 2007, MedPro completed its merger with Vacumate, LLC. The merger had been agreed to in principle by MedPros Board of Directors and the members of Vacumate, LLC on August 24, 2006 and was ratified by the MedPro shareholders in
January 2007. In the transaction, Vacumate LLC merged into MedPro in a manner that gave the equity owners of each company value in the combined company equivalent to the value held in each of the predecessor companies. In the merger:

- the ownership units of Vacumate LLC held by owners other than MedPro converted automatically into shares of MedPro representing 60% of the common stock of the combined company; and
- the shares of MedPro issued and outstanding immediately before the merger were reduced to 40% of the common stock of the combined company.

On December 28, 2007 the Company completed a reverse merger takeover of DentalServ.com (DRSV), a publicly traded Nevada corporation with nominal assets and no operations. The reverse takeover merger was a condition to the purchase of
MedPro preferred stock and stock purchase warrants by four institutional investors for $13 million. On that date, the following transactions occurred concurrently:

- MedPro, a Delaware corporation, merged into DSRV. The combined company issued 11,284,754 of its common shares to former MedPro shareholders in the merger and 593,931 common shares as a financial advisory fee. The combined company, a Nevada
corporation, changed its name from Dentalserv.com to MedPro Safety Products, Inc.

8

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NOTE 5  BUSINESS COMBINATIONS (Continued)

- Four investment funds purchased $13 million of newly issued shares of Series A Convertible Preferred Stock and warrants to purchase our common stock. The Company received approximately $11.6 million in net cash proceeds from the sale of
these securities.

These transactions were accounted for as capital transactions in which the Company issued:

- 1,406,387 shares of common stock to the DRSV shareholders for the net monetary assets of the shell corporation;
- 6,668,229 shares of convertible preferred stock and warrants to purchase 25,820,150 common shares to the investors for $13,000,000; and
- 593,931 shares of common stock and warrants to purchase 533,458 shares of common stock and also paid $1,040,000 in cash as an advisory fee.

DRSVs financial activity after the merger has been reflected in the Companys financial statements. The combined entity is listed as MPSP on the Over the Counter Bulletin Board (OTCBB.com).

NOTE 6  INVENTORY

The Company discontinued the sale of its legacy product, Needlyzer in 2004 and is continuing to liquidate its inventory completely. A customer that expressed interest in purchasing the remaining inventories from the Company purchased 72
devices and related equipment in 2006 and an additional 75 units in 2007. The Company had previously reduced the value of this inventory from its original cost to an amount equivalent to its estimated net realizable value less all applicable
disposition costs that resulted in a write down of the inventory from its original cost in 2004 of $394,474.

In the third quarter of 2008, the Company reevaluated its inventory of Needlyzer units. Several units were determined to be scrap or were unsalable. Non saleable or incomplete units were scrapped or written off.

The Company discontinued the sale of its other legacy product, Safemate as of the second quarter 2008. All remaining inventory was scrapped and written off. Inventory write downs net of returns and allowances amounted to $164,410 for the
three months and $161,477 for the nine months ended September 30, 2008.

NOTE 7  INTANGIBLE ASSETS (Restated)

The Companys intangible assets consist primarily of intellectual properties (medical device patents) that give the Company the right to produce and exploit, commercially, certain medical devices. To date, none of the existing patents have been
commercially exploited. The Company expects to begin delivering product in the late fourth quarter 2008 or the first quarter 2009. Marketing may be delayed until late March due to product aging studies and sterilization testing requirements. These
various patents include Vacu-Mate Skin and Tube models with a cost of $2,525,425 and the Key-Lok patent at $489,122.

During the current quarter the Company acquired the patent rights to the Syringe Guard and Prefilled (SGPF) family of products which include hypodermic injection devices, both prefilled and unfilled versions, with passive safety
sheathing technologies in a variety of sizes and gauges. The family of products also includes a solution for needle replacement protocols with an anti-blunting syringe. This device allows the medical professional to fill the syringe, remove an outer
needle to reveal a fresh, sharp needle within the outer needle, thus eliminating the requirement to replace the needle on the syringe prior to injecting the patient. Although the Company is still in the process of finalizing the contract for an
earnout of the share component of the purchase of these SGPF technologies, the basic terms of the agreement include the cash payment of $3,345,000 to SGPF, LLC a limited liability company wholly owned by the Companys Chairman and CEO, W.
Craig Turner.

The contingent share component of the purchase is 690,608 shares of the Companys common stock. These shares will be issued to SGPF, LLC provided the Company achieves certain revenue milestones from SGPF product sales. The Company has also
assumed an obligation to pay Visual Connections, Inc. $1,500,000, the remaining technology transfer payments on the product. The next $250,000 payment is due November 21, 2008.

9

---



NOTE 7  INTANGIBLE ASSETS (Restated) (Continued)

If the share portion of the purchase price is earned, the total cost of this device will be $4,845,000 plus the contingent shares. Of the cash component of the purchase price, an initial payment of $1,113,444 was made before September 30, 2008. The balance of $2,231,556, reflected in accounts payable at September 30, 2008, was paid in early October. The Company has recorded the purchase based on the cash purchase price plus the debt assumed, or $4,845,000.

The Company also executed an agreement to acquire a winged infusion active safety sheathing system that deploys when the wings are pressed together upon removal of the IV infusion or blood draw needle from the patient after use. We have signed a product development agreement for the blood draw modality of this product which provides for 75,000,000 units to be sold under a minimum volume contract over a six year period. We agreed to pay Visual Connections, Inc. $1,250,000 as technology transfer payments.

The following schedule shows the Companys payment obligations to Visual Connections with respect to both the Blunt and winged blood collection technologies:

|        |             |  |             |  |                   
|------- | ----------- |  | ----------- |  | ------------------
|Quarter | Blunt       |  | Winged      |  | Payable at 9/30/08
|       
|2008    |             |  |             |  |                   
|Fourth  | $   250,000 |  | $   250,000 |  | $   500,000       
|2009    |             |  |             |  |                   
|First   | 250,000     |  | 250,000     |  | 500,000           
|Second  | 250,000     |  | 250,000     |  | 500,000           
|Third   | 250,000     |  | 250,000     |  | 500,000           
|Fourth  | 250,000     |  | 250,000     |  | 500,000           
|2010    |             |  |             |  |                   
|First   | 250,000     |  | -           |  | 250,000           
|        |             |  |             |  |                   
|       
|Total   | $1,500,000  |  | $1,250,000  |  | $2,750,000        
|        |             |  |             |  |                   

Other non amortizable intangibles total $52,894.

Amortization expense also includes the annual charge off of prepaid loan fees of $41,772 per year.

Estimated future amortization of these intangibles is expected to consist of the following amounts for the twelve month periods ended on September 30:

|                              |            
|----------------------------- | -----------
|12 Months EndingSeptember 30, |            
|Amount                       
|                              |            
|2009                          | $   462,676
|2010                          | 1,814,769  
|2011                          | 1,846,297  
|2012                          | 1,821,909  
|2013                          | 1,821,909  
|After 9/30/2013               | 1,449,917  

NOTE 8  NOTES PAYABLE TO AND ADVANCES FROM SHAREHOLDERS

Notes payable to and advances from shareholders represent loans and advances received from officers, directors, shareholders and entities they control. They are comprised of the following

10

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NOTE 8  NOTES PAYABLE TO AND ADVANCES FROM SHAREHOLDERS (Continued)

|                                   |                   |         |                  |   |          
|---------------------------------- | ----------------- | ------- | ---------------- | - | ---------
|                                   | September 30,2008 |         | December 31,2007
|                                   |                  
|                                   |                   |         |                 
|Short term advances with no stated |                   |         |                  |   |          
|terms settled in the ordinary      |                   |         |                  |   |          
|course of business                 | $                 | 24      |                  | $ | 6,116    
|Demand and promissory notes with   |                   |         |                  |   |          
|varying interest rates             |                   | 340,397 |                  |   | 2,653,245
|                                   |                   |         |                  |   |          
|                                   | $                 | 340,421 |                  | $ | 2,659,361
|                                   |                   |         |                  |   |          

Short term advances consisted of $6,116 for December 31, 2007, which were amounts due to various related parties including a company controlled by the Company Chairman for unsettled advances and services.

The promissory notes bear interest at rates of up to 20% per annum, plus penalty interest when they reached maturity and remained unpaid. At December 31, 2007 they included $110,000 in notes that by their terms were convertible at approximately $3.70 per share.
During 2007, several convertible note holders exchanged debt and accrued interest totaling $309,980 for 216,347 shares of the Companys common stock (as adjusted to reflect the subsequent DentalServ.com merger). During 2007, $100,000 of $200,000 in notes payable to a former director of pre-merger MedPro was paid and the balance of $100,000, plus accrued interest, was paid in early 2008. The notes were non-interest bearing until July 1, 2007, at which time interest was accrued at 6% per annum. As of December 31, 2007 the Company had accrued but unpaid interest on this note of $3,000 reflected on its financial statements. The unpaid accrued interest, 2008 interest accruals and principal were paid in full on this note in the
first quarter of 2008.

The only remaining shareholder debt at September 30, 2008 consisted of notes and accounts totaling $87,500 payable to the Companys Chairman, $45,833 of accrued fees owed to the Company COO, Walter Weller, $60,000 payable to Vision assumed from pre-merger DentalServ.com, accounts payable to two employees for back pay of $135,358, being paid, according to their request, over several months, and $11,706 of accrued interest to a few former note holders.

At December 31, 2007 the Company owed $74,912 to Baton Development, Inc., and $25,000 to Wayne Wellman, a shareholder. These were repaid in 2008. At December 31, 2007 the Company had accrued, but unpaid compensation payable to its Chairman and its Chief Operating Officer totaling $133,333.

The balance of the promissory notes at December 31, 2007, was a note in the principal amount of $2,150,000 payable to CRM Development Company (CRM), a company controlled by the Companys Chairman. As of December 31, 2007 the Company had accrued $120,000 of interest on this promissory note. Principal and all accrued interest on the note became due when the Company completed an equity or debt financing resulting in gross proceeds to the Company of at least $6,000,000. On January 1, 2007, the outstanding principal balance of the note (then $2,000,000) began to bear interest at an annual rate at 6.0%. During 2007, CRM loaned an additional $150,000 to the Company. Penalty provisions provide for the payment of an additional 10% of interest on the
principal balance if the note is not repaid by December 31, 2007, and an additional 5% of interest every sixty days thereafter. The note was callable if not repaid by December 31, 2008. As of September 30, 2008, the Company had paid
the outstanding principal and all accrued interest of the CRM note in full.

NOTE 9  RELATED PARTY TRANSACTIONS

The CRM note discussed in Note 8 above was issued on September 1, 2006 as part of a corporate debt restructuring of the Company. Prior to the restructuring, CRM had continually loaned money to the Company, provided services for the Company, paid various Company related expenses directly, guaranteed Company loans, and subsidized the office lease expense on behalf of the Company, which is located in a building owned by a partnership in which the Companys Chairman is a partner. CRM agreed to forgive amounts otherwise owed or accruable to it under its loan agreements with the Company in exchange for 536,306 shares of common stock (as adjusted to reflect the subsequent DentalServ.com merger) valued at $1,822,805 and a promissory note payable from the Company in the amount of $2,000,000. In 2006, the Company recognized a gain of $1,294,526 in connection with the debt forgiveness from CRM. During 2007, CRM loaned an additional $150,000 to the Company.

In addition to the transactions discussed above and in Note 8, the Company incurred interest expense on the indebtedness to shareholders totaling $818 for the three months ended September 30, 2008, $34,892 for the nine months ended September 30, 2008, $36,402 for three months ended September 30, 2007 and $146,113 for the nine months ended September 30,

11

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NOTE 9  RELATED PARTY TRANSACTIONS (Continued)

2007. Total accounts payable to officers and employees of the Company, including accrued management fees of $133,333 in both periods, totaled approximately $2,500,370 ($2,231,556 due SGPF, LLC for purchase of intangible assets) at
September 30, 2008 and $349,664 at December 31, 2007.

On March 6, 2008, the Company entered into a consulting agreement with SC Capital Partners, LLC to assist it with future capital requirements, strategic financial planning and support of the Companys efforts to build shareholder liquidity. The
agreement calls for a retainer of $15,000 per month, plus out-of-pocket expenses, beginning March 6, 2008, the date of execution. The agreement may be terminated by the Company with appropriate notice or upon satisfaction of the goals of the
agreement. The agreement also contains certain fees for future capital transactions. Warren Rustand, a Director of the Company, is a principal of SC Capital Partners, LLC.

On September 30, 2008, MedPro exercised its option to purchase anti-blunting syringe technology under an August 2007 technology acquisition agreement with SGPF, LLC, a company owned by MedPros Chairman and CEO W. Craig Turner. The purchase
price included $3,345,000 payable in cash, which amount included all amounts SGPF had previously paid to acquire the applicable patents and patent applications technology under its agreement with the original holders of the technology, plus
690,608 contingent shares (See Note 7). The Company also assumed future technology transfer payments of $1,500,000. As of September 30, 2008 the Company had paid $1,113,444 of the purchase price to SGPF, LLC.

NOTE 10  LONG-TERM DEBT

Long-term debt at September 30, 2008 and December 31, 2007 consists of the following:

|                                                       |                    |  |                  
|------------------------------------------------------ | ------------------ |  | -----------------
|                                                       | September 30, 2008 |  | December 31, 2007
|                                                       |                    |  |                  
|Payable to Fifth Third Bank, Term Loan, interest       |                    |  |                  
|payable at prime plus 2%, monthly principal            |                    |  |                  
|payments of $138,889 beginning June 2008,              |                    |  |                  
|maturing August 1, 2011, collateralized by an          |                    |  |                  
|assignment of intellectual properties                  | $4,444,444         |  | $5,000,000       
|                                                       |                    |  |                  
|Payable to Fifth Third Bank, Revolving Line of Credit, |                    |  |                  
|Interest at prime plus 2%, payable monthly             |                    |  |                  
|beginning in April 2007, due November 1, 2008          | 1,498,475          |  | 1,492,500        
|                                                       |                    |  |                  
|Payable to Whitaker Bank, Draw Loan, interest payable  |                    |  |                  
|at 7.5% monthly payments of principal and interest     |                    |  |                  
|of $10,000 due through July 23, 2010, secured by       |                    |  |                  
|certain inventory of the Company and personally        |                    |  |                  
|guaranteed by the Companys Chairman, CFO and          |                    |  |                  
|two other shareholders                                 | 366,827            |  | 434,781          
|                                                       |                    |  |                  
|                                                       | 6,309,746          |  | 6,927,281        
|                                                      
|Less: current portion                                  | 3,261,114          |  | 2,358,089        
|                                                       |                    |  |                  
|                                                      
|Long-term portion                                      | $3,048,632         |  | $4,569,192       
|                                                       |                    |  |                  

The revolving line of credit, as amended in March 2007, permits the Company to draw up to $1,500,000.

At December 31, 2007, the Company was not in compliance with certain financial covenants under its loan agreement with Fifth Third Bank, which the Bank agreed to waive for twelve months following December 31, 2007.

12

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NOTE 10  LONG-TERM DEBT (Continued)

The following table summarizes the maturities of long-term debt:

|                                   |  |           
|---------------------------------- |  | ----------
|12 month periods endedSeptember 30 |  |           
|                                   | 
|                                   |  |           
|2009                               |  | $3,261,115
|2010                               |  | 1,769,852 
|2011                               |  | 1,222,307 
|2012                               |  | 56,472    
|                                   |  |           
|Total                              |  | $6,309,746
|                                   |  |           

NOTE 11  SHAREHOLDERS EQUITY

The Company is authorized to issue 90,000,000 shares of common stock with a par value of $0.001 per share, and 10,000,000 shares of preferred stock with a par value of $.01 per share, which is issuable in series. Of the 10,000,000 shares of preferred stock authorized, 6,668,230 shares are designated as Series A Convertible Preferred Stock (Series A Stock) and 1,493,779 shares are designated as Series B Convertible Preferred Stock (Series B Stock). At September 30, 2008, the Companys issued and outstanding shares consisted of 13,285,072 shares of Common Stock, 6,668,229 Series A Stock, and 745,413 shares of Series B Stock. In addition, warrants to purchase 19,913,068 shares of common stock and 748,366 shares of Series B Stock were outstanding at September 30, 2008.

In the private placement to four investment funds completed on December 28, 2007, and described in Note 1, MedPro issued a total of 6,668,229 shares of Series A Stock and warrants to purchase a total of 25,286,692 shares of common stock. The reverse takeover merger with Dentalserv.com as of that date was a condition to the purchase of the preferred stock and stock purchase warrants under the terms of the preferred stock purchase agreement with these institutional investors.

The Series A Convertible Preferred Stock has 5% cumulative dividends, based on the termination value of the preferred at the issue date, payable in the event of liquidation, dissolution and certain other events. The Preferred Stock is also convertible, at the option of the holder, at any time into an equal number of shares of the common stock of the Company, subject to adjustment. As of September 30, 2008, if the Company were to liquidate, dissolve or engage in certain other transactions, the Company would owe the Preferred Shareholders a liquidation preference dividend of $457,695. This amount has not been recorded in the financial statements.

The Companys original four Series A Stockholders were issued one Series A warrant and one Series B warrant for each of the 6,668,229 shares of preferred stock they held. In addition, for making a total investment of at least $5 million, one Series A Stockholder also received one J warrant and one C warrant for each of the 5,975,116 shares of preferred stock it held. See Note 10 to the notes to the audited financial statements included in the Companys annual report on 10-K for a description of the rights of the four series of warrants issued with the Series A Stock. See Note 13 for details on the valuation of these warrants pursuant to the Black-Scholes method.

By resolution dated August 18, 2008, the Companys Board of Directors designated 1,493,779 of the unissued preferred shares as Series B Convertible Preferred Stock. On that date, Vision Opportunity Master Fund, Ltd. (VOMF), then the sole holder of J warrants, and the Company amended the J warrants to give VOMF the right to purchase 1,493,779 shares of Series B Stock at a purchase price of $8.72. The J warrants originally had given the holder the right to purchase 5,975,116 shares of common stock at a purchase price of $2.18.

Each share of Series B Stock converts into 4 shares of common stock at the present conversion price of $2.18 per share, which is subject to adjustment. The Series B Stock ranks equal to the Companys common stock, but ranks junior to the Series A Stock and to our indebtedness. If the Company declares dividends, the Series B Stockholders will receive dividends on a pro rata basis with the common stockholders. Upon liquidation, dissolution or winding up of the Company, the holder of Series B Stock is entitled to an amount equal to the amount distributable per share of common stock multiplied by the number of shares of common stock into which the Series B Stock can be converted. The Series B Stock has no general voting rights.

As of September 30, 2008, holders had exercised J warrants to purchase 745,413 shares of Series B Stock for a total purchase price of $6,500,000 in cash. The unexercised J warrants outstanding as of September 30, 2008 were exercisable for 748,366 shares of Series B Stock and were exercised in full in October 2008 for a total purchase price of $6,525,753 in

13

---



NOTE 11  SHAREHOLDERS EQUITY (Continued)

cash. None of the Series A, B, or C warrants had been exercised as of September 30, 2008. The Series B preferred shares issued upon the exercises of J warrants are convertible into 5,975,116 common shares.

The Company also agreed to issue Series AA warrants to purchase 533,458 common shares to SC Capital Partners, LLC for $1.81 per share as compensation for financial advisory services in connection with the December 28, 2008 private placement. The terms of these warrants are comparable to the terms of the A warrants and expire on December 28, 2012. None of these warrants have been or are eligible to be exercised as of the date of the financial statements.

The Company is authorized to issue warrants to purchase up to 68,036 common shares for $1.99 per share as compensation for a research report to be written and published about the Company in a medical device industry publication. These warrants have not been issued, will not eligible to be exercised until after the report is issued, and will expire on December 28, 2012.

In accounting for the conversion feature embedded within the preferred stock, the Company considered FASB SFAS 133, Accounting for Derivative Instruments and Hedging Activities and EITF 00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in a Companys own stock. EITF 98-5, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Features, and EITF 00-27, Application of Issue No. 98-5 to Certain Convertible Instruments. Based on an analysis of this accounting literature described in Note 10 to its audited financial statements, the Company concluded that the embedded conversion option would not be separately accounted for as a derivative liability from the preferred stock because it can only be settled in shares of the Companys own stock. The Company recorded a deemed
dividend in accordance with this guidance in the amount of $3,975,120 by increasing the retained deficit and increasing additional
paid in capital. This amount was determined based on the relative estimated fair value of the embedded conversion feature in the preferred shares and the detachable warrants.

The Company entered in to a contract Investor Relations Group (IRG) on September 1, 2008. The agreement calls for the payment of monthly fees and expenses in connection with their duties, as well as, the issuance of 35,294 shares of the Companys common stock, to be earned at 1/12 of the shares per month. The Board has not approved the issuance of the shares as of September 30, 2008. The Company has recorded the liability and related expense.

NOTE 12  LEASE COMMITMENT WITH RELATED PARTY

The Company leases its office and storage facility in Lexington, Kentucky, under a non-cancelable operating lease with a related party. On January 10, 2007, the Company signed a lease addendum that among other things extended the term of the April 16, 1998 lease. The addendum allowed for an extension of the original lease through August 2012 in accordance with renewal language in the 1998 lease. The addendum also contains two five year extension options.
The addendum acknowledged that the Company was in good standing and was not in arrears on lease payments or in default of any provisions within the lease or subsequent addendums. The addendum called for payments of $3,500 each month for the period from January 1, 2007, through July 31, 2007. Monthly lease payments increased to $6,500 beginning August 1, 2007, and continued until January 31, 2008. On and after February 1, 2008 the lease was amended to $6,975 per month ($83,700 per year) for the remainder of the term in connection with an
expansion of the rentable square footage to encompass an additional 1,063 of unimproved space that was fit up by the Company in early 2008.

Total lease expense was $62,300 for the nine months ended September 30, 2008 and $57,000 for the year ended December 31, 2007.

Future minimum annual lease payments at September 30, 2008, were as follows:

|                                  |  |          
|--------------------------------- |  | ---------
|12 month periodended September 30 |  |          
|                                  | 
|                                  |  |          
|2009                              |  | $  83,700
|2010                              |  | 83,700   
|2011                              |  | 83,700   
|2012                              |  | 76,725   
|                                  |  |          
|Total                             |  | $327,825 
|                                  |  |          

14

---



NOTE 13  STOCK OPTIONS AND STOCK PURCHASE WARRANTS (Restated)

The Companys original four Series A Stockholders were issued one Series A warrant and one Series B warrant for each of the 6,668,229 shares of preferred stock they held. In addition, for making a total investment of at least $5 million, one Series A Stockholder also received one J warrant and one C warrant for each of the 5,975,116 shares of preferred stock it held. See Note 10 to the notes to the audited financial statements included in the Companys annual report on 10-K for a description of the rights of the four series of warrants issued with the Series A Stock.

The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of subjective assumptions including the expected stock price volatility and appropriate adjustments for restrictions on exercising the options. Because our warrants have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in managements opinion, this model does not necessarily provide a reliable single measure of the fair value of its warrants.

Assumptions used in valuing all but the J warrants included an expected term of 2.5 years, volatility of 43.54 %, and an equivalent bond yield of 4.36%. Assumptions used in valuing the J warrants included an expected term of 1.0 years, volatility of 36.57 %, and an equivalent bond yield of 4.53%.

The following table presents the values recorded for the Companys four series of stock purchase warrants issued to the Series A Stockholders using the Black-Scholes method:

|       |           
|------ | ----------
|Series | Value     
|       |           
|A      | $2,649,102
|B      | 2,144,927 
|J      | 990,631   
|C      | 1,530,102 

The Company is authorized to issue warrants to purchase up to 68,036 common shares for $1.99 per share as compensation for a research report to be written and published about the Company in a medical device industry publication. There have not been issued and will not eligible to be exercised until after the report is issued. These warrants will expire on December 28, 2012. Utilizing the Black-Scholes method, the Company valued these warrants at $21,885 and reflected them as unearned compensation in its shareholder equity section.

The Company issued warrants to acquire 533,458 common shares to SC Capital Partners, LLC for $1.81 per share. The warrants were issued as compensation for financial advisory services in connection with the capital raised through the sale of the $13,000,000 of Series A Convertible Preferred Stock. The term of these warrants are comparable to the terms of the A warrants and expire on December 28, 20012. None of these warrants have been or are eligible to be exercised as of the financial statement date. The Company has valued the warrants at $211,928 utilizing the Black-Scholes method.

On August 18, 2008, the Company adopted the MedPro Safety Products, Inc. 2008 Stock and Incentive Compensation Plan (2008 Plan) and issued stock options to its directors and employees in the amounts and on the terms agreed upon in the September 2007 stock purchase agreement with the Series A Stockholders. The Companys employees, including its three executive officers, were granted a total of 2,800,000 options. The two non-employee directors each were granted 100,000 options. The options may be exercised at an exercise price of $1.81 per share only on the earliest of January 1, 2013, the date of the holders death or 100% disability, termination
of employment or service as a director, and the date of a change in control of the Company. Because the exercise price was less than market price of MedPro stock on the date of grant, the Company set a date certain for the exercise of the options in order to qualify for exemptions from excise taxes under IRS deferred
compensation rules.

The Company has recorded unearned compensation of $14,580,000, or $4.86 per share subject to the option, to reflect the grant of these options. In determining the fair value of the options at the date of grant, management relied in part upon the report of an independent valuation firm. The trading price of MedPro common shares on the grant date, was $9 per share, and the median trading price for the 30 day period ending on the grant date was also $9 per share. However, due to the infrequency and low volume of trading in MedPros shares, it was determined that an active trading market did not exist to provide pricing information on an ongoing basis under SFAS 157. In addition, publicly traded guideline companies were

15

---



NOTE 13  STOCK OPTIONS AND STOCK PURCHASE WARRANTS (Restated) (Continued)

not used to value the underlying shares because neither MedPro nor any of the public companies identified as comparable to MedPro were profitable, and an earnings multiple could not be computed.

The Black-Scholes model was used to value the options. Assumptions used in the valuation included an expected term of 2.48 years, volatility of 60% based on trading data of comparable public companies, and an equivalent bond yield of 2.5%. The
fully diluted value of $6.56 per share used in the model was determined by first discounting the trading price of $9.00 per share by 16% to reflect a lack of liquidity due to restrictions on exercise and a thin trading market. Because only
1% of the 13,285,072 shares then outstanding were not restricted under SEC Rule 144, an efficient trading market as defined by SFAS 123(R) did not exist for MedPro shares. Therefore, the value per share was further adjusted for the dilutive effect
of the exercise of the 3,000,000 options.

The unearned compensation is being charged to earnings over 24 months beginning on August 18, 2008, which coincides with a non-competition agreement included in the option agreement. The Company recorded $870,750 of compensation for the period
from August 18 through September 30, 2008. The balance of the unearned compensation is $13,709,250 at September 30, 2008.

NOTE 14  DISTRIBUTION AGREEMENTS (Restated)

On July 15, 2008, we entered into two Medical Supply Manufacturing Agreements with Greiner Bio-One GmbH, a division of Greiner Bio-One International AG, an international manufacturer and supplier of medical products with locations in Austria,
Germany, Hungary, United States and Brazil as well as a worldwide distribution network. The two agreements grant Greiner the right to manufacture, market and distribute MedPros Vacuette tube-activated and skin-activated blood collection
systems and its winged blood collection set. Each agreement extends for a six-year term from the commencement of initial commercial manufacturing of the applicable product. Greiner agreed to pay MedPro a production royalty per unit on a minimum
volume of units of each product over the term of the agreements plus additional cash amounts to acquire the production lines for the products.

The agreement with Greiner for the exclusive right to manufacture, market and distribute our tube-activated blood collection system and our skin-activated blood collection device supersedes and replaces our prior distribution agreement with Greiner
for the tube-activated blood collection system. Under the new agreement, MedPro must use commercially reasonable efforts to design, construct, complete and successfully test an initial automated production line (IPL) for these products.
The IPL includes molds, automation, packaging and associated engineering as required. Greiner agreed to pay MedPro an amount not to exceed $5.1 million for the IPL in three installments, beginning October 1, 2008 with the final payment due March
31, 2009. That amount represents the $4.1 million estimated cost to complete the IPL, plus a $1 million program fee for the initial design, manufacturing and distribution rights that is not contingent on any additional deliveries of goods or
services. Upon completion, Grenier will own and operate the IPL, which will be delivered to Greiner at a mutually acceptable date not before March 31, 2009. The date for completion and shipment will be determined by the parties. In addition, MedPro
must use commercially reasonable efforts to commence production of a secondary automated production line approximately 24 months after completion of the IPL, depending on volume requirements determined by Greiner. Greiner will pay MedPro an amount
not to exceed $3.5 million for the second product line in three installments, the first of which shall be due upon initiation of the design review with Greiner.

Greiner is expected to produce a designated minimum number of units each year during the first five years of the agreement. Greiner is obligated to pay us a production royalty per unit, totaling $33 million over this period. Greiner has the
right to continue to manufacture the products and pay the production royalty in year six.

Greiner also entered into an agreement with us for the exclusive right to manufacture, market and distribute our winged blood collection set on similar terms. The agreement for the wing product provides that we must use commercially reasonable
efforts to produce an initial design plan for the product, including estimate of component costs, production line costs, automation line costs, and a cost estimate of the fully designed product for review and approval by Greiner by October 1, 2008.
Upon approval, MedPro will initiate the construction of an automated production line, which Greiner will own and operate upon completion. Greiner will pay MedPro an amount not to exceed $5 million in exchange for the production line for this
product, including a $1 million program fee for the initial design, manufacturing and distribution rights that is not contingent on any additional deliveries of goods or services. Greiner must make an initial payment of $1 million for the
program fee upon delivery and acceptance of the initial design plan by Greiner on or before October 1, 2008. Thereafter, the balance would be paid in three equal installments upon the achievement of certain milestones leading to validation of the
final production line.

16

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NOTE 14  DISTRIBUTION AGREEMENTS (Restated) (Continued)

Greiner is expected to produce a designated minimum number of units each year during the first five years of the agreement. Greiner is obligated to pay us a production royalty per unit, totaling $10.8 million over this period. Greiner has the
right to continue to manufacture the products and pay the production royalty in year six.

In September 2008, we delivered the automation plan for the Vacuette project and the initial design plan for the wing project, which Greiner accepted. Based on these deliveries, the Company invoiced Greiner $2,700,000, representing the first
installment of $1,700,000 due on the Vacuette project and the initial $1,000,000 payment on the wing project. The $2,700,000 was reflected in accounts receivable at September 30, 2008, and was collected on October 3, 2008. We recorded
revenue of $1,491,301, representing $1,000,000 for the program fee on the wing project, $333,333 (one-third) of the program fee on the Vacuette project, and $157,968 based on costs incurred on the Vacuette project through September
30, 2008. The remaining $1,208,699 was recorded as deferred revenue on the balance sheet.

The distribution agreements with Greiner provide that we must deliver multiple services (multiple revenue-generating activities). We earn program fees for initial design, manufacturing and distribution rights based upon attainment of contractual
milestones. We also are entitled to payment for designing, constructing, completing and successfully testing the automated production lines, which we recognize as revenue using the percentage-of-completion method. Finally, we are entitled to royalty
payments based upon the greater of minimum unit production levels or actual future production. In accounting for these arrangements, we considered the guidance in AICPA Statement of Position 81-1, Accounting for Performance of
Construction-Type and Certain Production-Type Contracts, and the Financial Accounting Standards Boards Emerging Issues Task Force No. 00-21, Revenue Arrangements with Multiple Deliverables. In applying this
guidance, we generally limit the amount of revenue recognized from these types of arrangements to amounts that are not contingent on additional deliveries.

NOTE 15  RESTATED FINANCIAL STATEMENTS

After the Company issued its financial statements for the fiscal years ended December 31, 2007 and 2006 and filed its Annual Report on Form 10-K for the year ended December 31, 2007, the Company concluded that adjustments were needed to the 2006 and
2007 financial statements. The 2006 Financial Statements have been restated to record as Additional Paid in Capital $1,294,526 that was originally recorded as income as a result of the discharge of accrued interest expense payable to the
Companys Chairman, W. Craig Turner and related companies. This adjustment resulted in a reduction of income and an increase in Accumulated Deficit in the 2006 financial statements and an increase in Additional Paid in Capital.

The weighted average shares outstanding for 2007 and 2006 in the Form 10-K as originally filed were incorrectly computed. The corrected amounts are 7,865,388 shares for 2006 and 10,579,301 shares for 2007.

The Company has also recorded a deemed dividend in the 2007 Shareholders Equity section of the balance sheet for 2007 to reflect the recording of the value of the embedded conversion feature of the Series A Preferred Stock as a $3,975,120
dividend and an increase in Additional Paid in Capital. This adjustment reflects a reclassification on the balance sheet for 2007 and was therefore not reflected as a restatement.

During the second quarter of 2008, the Company wrote off and destroyed its remaining SafeMate inventory. The resulting $42,445 write down in inventory has been reclassified on the Statement of Operations from operating expenses to cost of goods
sold. A similar inventory write down of $34,987 in 2007 was reclassified in the same manner.

Finally, the Company made certain other reclassifications for consistency purposes and grossed up items previously netted with deferred revenue. Sales and cost of goods sold for the three and nine months ended September 30, 2008 were increased by
$157,968 relating to costs incurred on the automation activity for one of our customers.

As a result of these changes, the following financial statement line items as of September 30, 2008 and 2007 have been adjusted:

17

---



NOTE 15  RESTATED FINANCIAL STATEMENT (Continued)

|                                      |               |   |  |                       |   |  |                  |  
|------------------------------------- | ------------- | - |  | --------------------- | - |  | ---------------- | -
|Changes                               | As Previously |   |  |                       |   |  |                  |  
|                                      | Reported      |   |  | As Corrected          |   |  | Effect of Change |  
|                                      |               |   |  |                       |  
|Balance Sheet September 30, 2008      |               |   |  |                       |   |  |                  |  
|Current liabilities:                  |               |   |  |                       |   |  |                  |  
|Accounts payable                      | $   5,703,859 |   |  | $  
        2,953,859 |   |  | $(2,750,000      | )
|Technology transfer payments          | 0             |   |  | 2,000,000             |   |  | 2,000,000        |  
|Total current liabilities             | 10,413,406    |   |  | 9,663,406             |   |  | (750,000         | )
|                                     
|Long-term liabilities:                |               |   |  |                       |   |  |                  |  
|Technology transfer payments          | 0             |   |  | 750,000               |   |  | 750,000          |  
|Total long-term debt                  | 3,048,632     |   |  | 3,798,632             |   |  | 750,000          |  
|                                     
|Series A Preferred stock              | 74,136        |   |  | 66,682                |   |  | (7,454           | )
|Series B Preferred stock              | 0             |   |  | 7,454                 |   |  | 7,454            |  
|                                      |               |   |  |                       |   |  |                  |  
|Additional paid in capital            | 47,406,386    |   |  | 34,991,662            |   |  | (12,414,724      | )
|Unearned share-based compensation     | (13,731,135   | ) |  | (21,885               | ) |  | 13,709,250       |  
|Accumulated deficit                   | (25,988,503   | ) |  | (27,283,029           | ) |  | (1,294,526       | )
|                                     
|Balance Sheet December 31, 2007       |               |   |  |                       |   |  |                  |  
|Additional paid in capital            | 26,333,840    |   |  | 27,628,366            |   |  | 1,294,526        |  
|Accumulated deficit                   | (22,412,932   | ) |  | (23,707,458           | ) |  | (1,294,526       | )
|                                     
|Statement of Operations               |               |   |  |                       |   |  |                  |  
|Automation Services & Equipment       |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 1,333,333     |   |  | 1,491,301             |   |  | 157,968          |  
|Nine months ended September 30, 2008  | 1,333,333     |   |  | 1,491,301             |   |  | 157,968          |  
|Total Sales                           |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 1,333,333     |   |  | 1,491,301             |   |  | 157,968          |  
|Nine months ended September 30, 2008  | 1,352,368     |   |  | 1,510,336             |   |  | 157,968          |  
|                                     
|Cost of Goods Sold:                   |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 518           |   |  | 322,896               |   |  | 322,378          |  
|Nine months ended September 30, 2008  | 6,959         |   |  | 326,404               |   |  | 319,445          |  
|Nine months ended September 30, 2007  | 10,182        |   |  | 12,090                |   |  | 1,908            |  
|                                     
|Gross Profit:                         |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 1,332,815     |   |  | 1,168,405             |   |  | (164,410         | )
|Nine months ended September 30, 2008  | 1,345,409     |   |  | 1,183,932             |   |  | (161,477         | )
|Nine months ended September 30, 2007  | 48,602        |   |  | 46,694                |   |  | (1,908           | )
|                                     
|Operating Expenses                    |               |   |  |                       |   |  |                  |  
|Inventory write down                  |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 164,410       |   |  | 0                     |   |  | (164,410         | )
|Nine months ended September 30, 2008  | 161,477       |   |  | 0                     |   |  | (161,477         | )
|Nine months ended September 30, 2007  | 1,908         |   |  | 0                     |   |  | (1,908           | )
|Loss on disposal of assets            |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 0             |   |  | 402,494               |   |  | 402,494          |  
|Nine months ended September 30, 2008  | 0             |   |  | 402,494               |   |  | 402,494          |  
|Total operating expenses              |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | 2,556,797     |   |  | 2,794,880             |   |  | 238,083          |  
|Nine months ended September 30, 2008  | 4,178,884     |   |  | 4,419,901             |   |  | 241,017          |  
|Nine months ended September 30, 2007  | 1,365,821     |   |  | 1,363,912             |   |  | (1,909           | )
|Loss from operations                  |               |   |  |                       |   |  |                  |  
|Three months ended September 30, 2008 | (1,223,982    | ) |  | (1,626,475            | ) |  | (402,493         | )
|Nine months ended September 30, 2008  | (2,833,475    | ) |  | (3,235,969            | ) |  | (402,494         | )

18

---



NOTE 15  RESTATED FINANCIAL STATEMENT (Continued)

|                                         |             |   |  |             |   |  |             |  
|---------------------------------------- | ----------- | - |  | ----------- | - |  | ----------- | -
|Other Income (Expenses)                  |             |   |  |             |   |  |             |  
|Other and Loss on disposal of assets     |             |   |  |             |   |  |             |  
|Three months ended September 30, 2008    | (397,694    | ) |  | 4,800       |   |  | 402,494     |  
|Nine months ended September 30, 2008     | (409,706    | ) |  | (7,212      | ) |  | 402,494     |  
|Total other income(expenses)             |             |   |  |             |   |  |             |  
|Three months ended September 30, 2008    | (531,002    | ) |  | (128,508    | ) |  | 402,494     |  
|Nine months ended September 30, 2008     | (742,096    | ) |  | (339,602    | ) |  | 402,494     |  
|                                        
|Statements of Shareholders Equity       |             |   |  |             |   |  |             |  
|Balance, December 31,2006                |             |   |  |             |   |  |             |  
|Additional paid-in capital               | 9,753,801   |   |  | 11,048,327  |   |  | 1,294,526   |  
|Accumulated deficit                      | (15,185,213 | ) |  | (16,479,739 | ) |  | (1,294,526  | )
|Balance, December 31, 2007               |             |   |  |             |   |  |             |  
|Additional paid-in capital               | 26,333,840  |   |  | 27,628,366  |   |  | 1,294,526   |  
|Accumulated deficit                      | (22,412,932 | ) |  | (23,707,458 | ) |  | (1,294,526  | )
|Unearned share-based compensation        | 0           |   |  | 13,709,250  |   |  | 13,709,250  |  
|Additional paid-in capital               | 0           |   |  | (13,709,250 | ) |  | (13,709,250 | )
|                                        
|Balance, September 30, 2008              |             |   |  |             |   |  |             |  
|Unearned compensation                    | (13,731,135 | ) |  | (21,885     | ) |  | 13,709,250  |  
|Additional paid-in capital               | 47,406,386  |   |  | 34,991,662  |   |  | (12,414,724 | )
|Accumulated deficit                      | (25,988,503 | ) |  | (27,283,029 | ) |  | (1,294,526  | )
|                                        
|Statement of Cash Flows                  |             |   |  |             |   |  |             |  
|Cash flow from operating activities      |             |   |  |             |   |  |             |  
|Accounts payable and accrued expenses    | 2,006,410   |   |  | (225,146    | ) |  | (2,231,556  | )
|Net cash flows from operating activities | (2,824,110  | ) |  | (5,055,666  | ) |  | (2,231,556  | )
|Cash flow from investing activities      |             |   |  |             |   |  |             |  
|Purchase of intangible assets            | (3,345,000  | ) |  | (1,113,444  | ) |  | 2,231,556   |  
|Net cash flows from investing activities | (1,320,771  | ) |  | 910,785     |   |  | 2,231,556   |  
|Non-cash financing activities            | 2,750,000   |   |  | 4,981,556   |   |  | 2,231,556   |  

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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of the results of operations and financial condition of MedPro Safety Products, Inc. for the nine-month periods ended September 30, 2008 and 2007, and for the fiscal years ended
December 31, 2007 and 2006 should be read in conjunction with our audited financial statements, our unaudited interim financial statements and the notes to those financial statements that are included elsewhere in this prospectus. References in this
Managements Discussion and Analysis or Plan of Operations to us, we, our, and similar terms refers to MedPro Safety Products, Inc. This discussion includes forward-looking statements based upon current
expectations that involve risks and uncertainties, such as plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a
number of factors. Words such as anticipate, estimate, plan, continuing, ongoing, expect, believe, intend, may, will,
should, could, and similar expressions are used to identify forward-looking statements.

Overview

MedPro Safety Products, Inc. has developed and acquired a portfolio of medical device safety products incorporating proprietary needlestick prevention technologies that deploy with minimal or no user activation. Our
present strategy focuses on developing and commercializing five products in four related product segments: clinical, phlebotomy, pharmaceutical, and intravenous.

Our strategy for the next 24 months focuses on completing the steps necessary to complete pre-market product development milestones and commence the distribution of up to five products in these sectors. Our objective is
to enter into strategic partnership agreements with major medical products distribution partners, which whenever possible would be fixed minimum volume contracts. We have entered into two such agreements for three of our products. In addition, we
are discussing the terms of a similar distribution arrangement with potential partners for a proprietary safety syringe product with an anti-blunting feature and a prefilled pharmaceutical safety syringe. Our product development plans
also include a needleless intravenous line based on patents and designs we control.

On December 28, 2007, we completed a reverse takeover merger with Dentalserv.com (DSRV), a Nevada corporation with nominal assets and no active business whose shares were registered under the Securities Exchange Act. The reverse
takeover merger was a condition under the terms of our preferred stock purchase agreement with four institutional investors to their purchase of our Series A Stock and stock purchase warrants for $13 million. On that date, the following
transactions occurred concurrently:

- The 5,625,550 shares of DSRV common stock then outstanding were combined into 1,406,387 common shares in a 1-for-4 reverse stock split.
- Our predecessor, a Delaware corporation, merged into DSRV. The combined company issued 11,284,754 of its common shares to former shareholders of our predecessor corporation in the merger and 593,931 common shares as a financial advisory fee. The
combined company, a Nevada corporation, changed its name from Dentalserv.com to "MedPro Safety Products, Inc."
- Four investment funds purchased $13 million of newly issued shares of Series A Convertible Preferred Stock and warrants to purchase our common stock. We received approximately $11.6 million in proceeds from the sale of these securities, net
of offering fees and expenses.

We accounted for these transactions as capital transactions in which we issued:

- 1,406,387 shares of common stock to the DRSV shareholders for the net monetary assets of the shell corporation;

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- 6,668,229 shares of convertible preferred stock and warrants to purchase 25,820,150 common shares to the investors for $13,000,000; and
- 593,931 shares of common stock and warrants to purchase 533,458 shares of common stock and also paid $1,040,000 in cash as an advisory fee.

We valued the warrants according to the Black-Scholes method, based on the assumptions described in Note 10 of the Notes to Financial Statements as of December 31, 2007. We also increased the retained deficit by
$3,975,120 and increased additional paid in capital by the same amount effective on December 28, 2007 to reflect the intrinsic value of the right to convert the Series A Stock into common stock. The $3,975,120 was determined based on the
relative estimated fair value of the embedded conversion feature in the preferred shares and the detachable warrants. This amount would normally be amortized over the period between the issue date and the conversion date, but because the Series A
Stock is convertible immediately upon issuance, the entire amount was charged to retained earnings as a deemed dividend and an increase to additional paid in capital.

Historically, we have generated revenues from sales of two products -- the Safe-Mate Dental Safety Needle, a single-patient, multi-injection safety needle designed for the dental market, and the Needlyzer, a legacy
needle disposal device. We discontinued marketing the Needlyzer in 2004, and have subsequently been liquidating our inventory through sales from time to time to a distributor in Africa.

We ceased marketing Safe-Mate effective as of the end of the first quarter of 2008. All of the products that MedPro currently has under development or is planning for the future incorporate passive safety designs. As a
result of Safe-Mates non-passive design and limited sales, we decided to focus on what we now view as our core technology and technological distinction in the sharps risk reduction marketplace.

Our financial results and operations in future periods will depend upon our ability to enter into sales and distribution agreements for our products currently under development so we can generate sustained revenues from
our portfolio of products and technologies. Our operations are currently funded from the proceeds from sales of securities, revenue from operations and borrowing from commercial lenders and related parties.

Critical Accounting Estimates and Judgments

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP). The preparation of our financial statements requires management to make
estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures. We base our estimates on historical experience and various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The significant accounting
policies that are believed to be the most critical to fully understanding and evaluating the reported financial results include revenue recognition, inventory valuations for slow moving items, recoverability of intangible assets and the recovery of
deferred income tax assets.

We recognize sales and associated cost of sales when delivery has occurred and collectability is probable. There have been minimal returns for credit, so no reserve for product returns has been established. We provide
for probable uncollected amounts through a charge to earnings and a credit to the allowance for doubtful accounts based on our assessment of the current status of individual accounts. We currently believe all accounts receivable are collectible and
no allowance is necessary.

We determine our inventory value at the lower of cost (first-in, first-out method) or market value. In the case of slow moving items, we may write down or calculate a reserve to reflect a reduced marketability for the
item. The actual percentage reserved depends on the total quantity on hand, its sales history, and expected near term sales prospects. When we discontinue sales of a product, we will write down the value of inventory to an amount equal to its
estimated net realizable value less all applicable disposition costs.

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Our intangible assets consist principally of intellectual properties such as regulatory product approvals and patents. We currently are amortizing certain of our intangible assets using the straight line method based on
the remaining life of the patents. Because our products that incorporate our Vacu-Mate and Key-Lok proprietary technology are currently not in production for distribution, we have not begun to amortize these patents. We expect to use the straight
line method to amortize these intellectual properties over their estimated period of benefit, ranging from one to ten years, when our products are placed in full production and we can better evaluate market demand for our technology. We evaluate the
recoverability of intangible assets periodically and take into account events or circumstances that warrant revised estimates of useful lives or indicate that impairment exists. Once our intellectual property has been placed into productive service,
we expect to utilize a net present value of future cash flows analysis to calculate carrying value after an impairment determination.

Results of Operations for the Three Months and Nine Months Ended September 30, 2008 and 2007

MedPro recorded a loss of $(3,575,571) for the nine months ended September 30, 2008, as compared to a loss of $(1,991,524) for the nine months ended September 30, 2007. Losses from operations were
$(1,626,475) for the third quarter of 2008 and $(574,065) for the third quarter of 2007. The net losses for these periods included net other expense of $(128,508) for 2008 and $(339,602) for 2007. Net other expense included interest
expense of $135,977 and $228,660 for the third quarters ended in 2008 and 2007. Consulting income of $4,800 and interest income of $2,669 made up the balance of the net other expense in the third quarter 2008.

During June and July 2008, the Company began the process of finding a backup contract manufacturer in the United States due to a number of significant problems with our Chinese manufacturer. We terminated our
relationship in China and moved to the domestic contract manufacturer. We also terminated our manufacturing, design and engineering contract with an Australian company and negotiated the return of our $3,000,000 conditional license fee (net of
$700,000 to reimburse the Australian company for costs incurred over the last two years). As a result, the Company wrote off assets abandoned in China in the third quarter 2008 totaling $(402,494). These costs included the initial payments
for a design plan for automation of the manufacturing process for the Vacumate products and molds, jig and fixtures for parts manufacturing and manual assembly in China. The parts, equipment and raw material that will be economically feasible to
return to the United States will be shipped in the fourth quarter back to the Company and will be incorporated as appropriate into ongoing production development. In early September, we agreed to purchase $38,000 worth of supplies and raw
material from China and are shipping back $100,000 to $125,000 of equipment, jigs and fixtures which we already own.

The most substantial differences in the losses from operations between 2008 and 2007 were increases in professional and insurance costs, payroll costs, travel expenses, inventory write-offs, and losses on abandonment of
fixed assets and depreciation and amortization. Professional and insurance costs increased $904,704 over the same period in 2007 primarily from patent work, FDA compliance, SEC compliance, and the addition of appropriate insurance coverage. This
change included the $700,000 settlement cost with Unilife on the cancellation of the manufacturing contract and the license agreement.

Payroll costs increased due to the addition of six new full time employees in 2008 versus 2007. Three were added in 2007 after September and three were added in 2008. Payroll was $1,357,052 higher in 2008 than in
2007. Most of this increase came from the $870,750 adjustment for the earned portion of the employee and director stock options granted in August 2008. The balance came from the six new employees and salary adjustments for the four employees who
were on the 2007 payroll for the first two quarters last year at lower compensation rates.

Travel expenses are up reflecting increased board of directors travel costs, heightened activity with customers and suppliers, and associated developmental engineering expenses. Travel costs were $192,872
higher in the nine months of 2008 versus 2007. Airfare increased $119,967, representing both more

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international travel and travel in general, as well as, fuel cost pressures on ticket prices. Hotels, meals, and non air travel increased $77,492 in 2008 over the same period in 2007. Other travel related expenses were $3,388 lower than the same period in 2007.

In connection with the discontinuance of our Safe-Mate product and further adjustments to our Needlyzer inventory, the Company recorded inventory adjustments of $161,477 through September 2008.

Sales for 2008 were $19,035 compared to $58,784 for the nine months ended September 30, 2008. The decline in sales was principally due to the discontinuance of sales of the Safe-Mate device and no 2008 sales of the Needlyzer device. The gross margins for the product sales during 2008 and 2007 were as follows:

|              |                                         |  |       |   |   |         |   |      
|------------- | --------------------------------------- |  | ----- | - | - | ------- | - | -----
|              | For the Nine Months Ended September 30,
|              |                                        
|              | 2008                                    |  | 2007 
|              |                                        
|              | $                                       |  | %     |   | $ |         | %
|Sales         | $19,035                                 |  | 100.0 | % |   | $58,784 |   | 100.0
|Cost of sales | 6,959                                   |  | 36.6  |   |   | 10,182  |   | 17.6 
|              |                                         |  |       |   |   |         |   |      
|Gross margin  | $12,076                                 |  | 63.4  | % |   | $48,602 |   | 82.4 
|              |                                         |  |       |   |   |         |   |      

Other revenue recorded in the third quarter of 2008 included fee income associated with the development agreements with a customer on the Vacumate devices and the winged infusion set. The Company recorded $1,000,000 on the Wing project and $333,333 on the Vacumate project. The Wing fee was earned upon delivery of a design plan and the Vacumate project fee was earned upon delivery of an automation plan. Both of these events occurred in September 2008.

Total operating expenses were $2,794,880 during the second quarter of 2008 compared to $587,766 for the same period in 2007. The $2,207,114 increase during 2008 reflected the activity in product development and sales prospecting activity for the Vacuette blood collection device, higher salary expense, more significant travel costs, losses on abandonment of equipment and higher professional fees in connection with the new products, SEC compliance costs and losses in connection with the termination of the Unilife agreements. Other income and expenses in both periods included interest income of $2,669 and $836 for 2008 and 2007, respectively. Other income/(expenses) were $4,800 and $(10,628) in 2008 and 2007, respectively.

The September 30, 2008 statement of operations for the nine months also included $65,152 of income from the settlement of an old, long outstanding vendor liability for less than the amount reflected on our prior year balance sheet. Interest expense declined from $228,660 in the third quarter of 2007 to $135,976 for the third quarter of 2008. This was primarily due to the pay-off of shareholder notes after December 28, 2007 and pay off on bank debt during the third quarter of 2008. The interest expense for the nine month periods ended were $443,710 in 2008 and $674,652 for 2007.

Combined operating and other net expenses and losses totaled $2,923,388 and $826,219 for the three month periods ended September 30, 2008 and 2007, respectively. The corresponding expense totals for the nine month periods ended 2008 and 2007 were $4,759,503 and $2,038,218, respectively.

Liquidity and Capital Resources

Total assets were $21,236,207 as of September 30, 2008 and $16,261,328 as of December 31, 2007. The $4,974,879 increase in total assets reflected the addition of $6,095,999 of new intellectual property purchases, the cancellation of the Unilife license agreement which netted $2,300,000, but reduced other assets by $3,000,000, and a substantial increase in accounts receivable from the $2,700,000 due from a customer. Some of the Companys cash was used to fund operating losses in 2008 of $3,575,571. These changes roughly approximate the change in assets.

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The exercise of warrants to purchase $6,500,000 of Series B Convertible Preferred stock during the third quarter increased equity and available cash. The remaining change in Additional paid-in capital was associated
with the $14,580,000 credit for the employee and director options granted in August 2008. This adjustment was partially offset by unearned share-based compensation of $(13,709,250). The loss for the nine months ended September 2008 of
$(3,575,571) increased the deficit to $(27,283,029) from $(23,707,458).

Total liabilities of $13,462,038 as of September 30, 2008 were $1,179,700 greater than the $12,282,338 as of December 31, 2007. MedPro paid off or settled various accounts payable, accrued interest and
shareholder debt during the first nine months of 2008. However, the accrual of the purchase price of the new intellectual properties totaled $4,981,556. The net reduction of other liabilities totaled $3,801,856.

The additions to fixed assets in the first nine months of 2008 totaled $299,860 and included equipment, computers, phones, office furniture and leasehold improvements. Net write-downs from the abandonment of fixed
assets were $402,494.

The $11,593,000 in net proceeds from our private placement of the Series A Stock and warrants in December 2007 and the proceeds from stock purchase warrant exercises for cash during 2008 will provide working capital
and the principal source of funding for our operations through December 31, 2008. We had $7,460,858 in cash at September 30, 2008. Other sources of funds include revenues from the sale of our medical safety products, including anticipated
revenues from the sale of blood collection products we expect to launch in the first quarter of 2009, proceeds from the exercise of the unexercised stock purchase warrants that expire at the end of 2008, payments under our new agreements with a
worldwide medical products company to finance the construction of our production lines, and the commitment for funding made by our Chairman.

In July 2008, we entered into two new agreements with a worldwide medical products company to manufacture and distribute three of our medical safety products, replacing an earlier agreement for the distribution of our
tube-activated blood collection system. Both agreements continue for five years from the date we make an initial commercial shipment of the product. The distributor has agreed to purchase minimum annual quantities of both models of the blood
collection system and our winged butterfly blood collection system over the five-year term of the contract, for royalties totaling over $43 million under both agreements.

The new agreements provide capital for equipment, engineering, and tooling necessary to produce the three products. The distributor agreed to pay us an amount not to exceed $5.1 million for the production of the two
models of the blood collection system, payable in installments, beginning October 1, 2008, with the final payment due March 31, 2009. The distributor also agreed to pay us an amount not to exceed $5 million for the production of the winged
butterfly product. We received initial payments totaling $2.7 million on October 1, 2008 upon delivery and acceptance of the initial design plan by the distributor. The balance is payable in three equal installments upon the achievement of
certain milestones leading to validation of the final production line.

In addition to our commitment from our distribution partner for capital to complete development and launch three blood collection products, our Series A Stockholders have the right to fund our future financing needs,
but we can seek alternative financing if they do not exercise their rights. Series A Stockholders exercised warrants to purchase Series B Stock for $6.5 million in cash in September 2008. They also exercised the remaining warrants of that series
in October 2008 for an additional $6.5 million in cash.

On September 30, 2008, we exercised an option to purchase patents and related rights to anti-blunting syringe technology from a related party. The purchase price is $3,345,000 payable in cash and the contingent
issuance of 690,608 shares of our common stock. We are negotiating the timing of closing and the contingent payment of the share-based portion of the purchase price with the seller. The Company paid $1,113,444 of the cash portion of the purchase
price before the end of September 2008 and the balance of $2,231,556 was paid in October.

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On September 30, 2008 the Company also received a $2.3 million cash payment from Unilife to terminate our option to acquire exclusive US distribution rights to its products, compensate the Unilife for its expenses
incurred in connection with certain strategic initiatives between us since 2006, and complete contract manufacturing work performed for us by Unilifes subsidiary.

Our current credit agreement includes a $5,000,000 term loan and a $1,500,000 revolving line of credit. As of September 30, 2008, the amount payable for the revolving line of credit was $1,498,475 and the
amount payable for the term note was $4,444,444. Our indebtedness under the credit agreement bears interest at the prime rate plus 2%. The revolver matures on February 1, 2009, and payments of interest are due monthly. The term loan matures on
August 1, 2011. We also pay interest monthly on the term loan, and monthly principal payments of approximately $139,000 began in June 2008.

The credit agreement contains various restrictive covenants and other usual and customary terms and conditions of a revolving line of credit and term loan facility, including limitations on the payment of cash dividends
and other restricted payments, limitations on the incurrence of additional debt, and prohibitions on a merger or the sale of assets. Financial covenants require us to, among other things:

- maintain a ratio, as of December 31, 2007 and any date thereafter, of (a) net income plus interest, income taxes, depreciation, and amortization expense to (b) the sum of annual interest expense and current maturities of long term debt, of greater
than or equal to 1.50 to 1.00;
- maintain a tangible net worth, meaning net worth less intangible assets, of not less than (i) $4,500,000 as of December 31, 2007, (ii) $5,000,000 as of December 31, 2008, (iii) $5,500,000 as of December 31, 2009, and (iv) $6,000,000
as of December 31, 2010, and at all times thereafter; and
- maintain a ratio, as of December 31, 2007 and any date thereafter, of (a) total outstanding liabilities minus debt to persons other than the lender that has been subordinated to the lender to (b) net worth less intangible assets plus debt to persons
other than the lender which has not been subordinated to the lender, of less than or equal to (i) 2.00 to 1.00 for 2008, (ii) 1.75 to 1.00 for 2009, (iii) 1.50 to 1.00 for 2010, and (iv) 1.25 to 1.00 on December 31, 2010 and all times
thereafter.

If these financial covenants are not met, it will be deemed an event of default and the lender will have the option to terminate its obligation to make advances, accelerate amounts owed under the loan to become
immediately due, foreclose and repossess collateral or exercise any of the other remedies available under the credit agreement. We did not meet the covenants as of December 31, 2007, which would have entitled the lender to accelerate the payment of
the principal and interest due under the credit agreement, among other remedies. When we notified the lender of our non-compliance with the covenants, the lender waived compliance though December 31, 2008.

We estimate that funding our continued development and launches of our planned products, meeting current capital support requirements, and pursuing other areas of corporate interest as may be determined by the Board of
Directors for the next twelve months will not require any additional funding in addition to our cash on hand, the payments due us under our distribution agreements and the proceeds from the sale of our Series B Stock. Whether we commit resources to
optional projects will depend upon our cash position from time to time. Our primary cash requirements will be to fund (a) launching our blood collection products for distribution, (b) continuing development of our safety syringe products and other
medical device safety products based on the technology for which we hold rights, and (c) increasing our administrative capability as needed to support expanded day-to-day operations.

We will require additional funding to complete the development of and launch all of the safety products for which we currently own intellectual property rights. In addition, development or production costs may increase
beyond the amounts on which we have based our current funding assumptions. If we cannot find sources of additional funds on reasonable terms, we may be forced to limit our product development plans, which could adversely affect our efforts to
achieve profitability and to continue our business.

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Although we plan to continue to outsource our developmental and manufacturing resource needs, we also plan to expand our in-house capabilities. We expect to employ a senior product development manager and project
engineer to direct the development of our portfolio of products and to work directly with our external product development firm. This will allow our current management personnel to focus on production and marketing as our products complete the
regulatory approval process and distribution can begin.

During the next year, we expect to add additional administrative support personnel and infrastructure as necessary to support the planned expansion of our operations. We will need to add personnel and substantially
increase the related administrative expenses to continue product development, increase sales and marketing activities, support our ISO 13485 Quality Certification and comply with periodic reporting and internal control requirements. We have
purchased computer systems and related equipment for approximately $106,000 to support our data and communications requirements. In addition, we employ an outside, full service, information technology support firm to ensure appropriate support
of our systems, telephone, and backup of corporate records for a total of approximately $30,000 over the next twelve months. We have also purchased product inspection equipment for approximately $100,000 in connection with the expected
launch of its blood collection product.

We anticipate spending a minimum of $200,000 through the end of 2008 for legal, accounting and other compliance-related expenses arising from our reporting and other obligations under the Securities Exchange Act and
our commitment during the six months following the merger to register shares beneficially owned by the holders of the Series A Stock and warrants for possible resale under the Securities Act of 1933. In addition, under the terms of its stock
purchase agreement our Series A Stockholders, we have committed to spend $240,000 for investor relations and corporate marketing activities during the twelve months following the merger.

While we expect to realize significant revenue from the launch of the first of two models of our blood collection product, the amount of revenue realized in the next several fiscal quarters depends on how soon we can
complete our production arrangements so we can commence product delivery. We expect to begin product assembly and delivery in 2008, but the product will not be launched by the customer until late in the first quarter of 2009. We will also continue
to develop products from our portfolio. As a result, we expect to record revenue from operations in the first quarter of 2009.

We believe there is a well defined market for our products, encouraged by Federal Needlestick Safety and Prevention Act, which requires the use of products similar to those we are developing. We are optimistic about the
prospects for our blood collection products based upon our pre-marketing activities over the past two years, general interest in the skin activated product, and our existing minimum volume distribution contract. At current production cost estimates,
we expect to have operating margins of approximately 40%, although margins could be adversely affected by continued increases in the cost of necessary raw materials used. We will monitor our cash flow carefully and will maintain limited, but
necessary, employment levels required to sustain operations.

Our current sales estimates are exclusively for product sales in the United States. We do not anticipate revenue from the marketing of the tube-activated blood collection device in Europe, although its distributor has
received preliminary favorable interest from pre-launch marketing and demonstration activities. Our ability to generate future European and other foreign sales will depend upon applicable regulatory approvals for our products in Europe.

26

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Item 3. Quantitative and Qualitative Disclosures about Market Risk

We are not party to any forwards and futures, options, swaps, or other instruments that would expose us to market risk associated with activities in derivative financial instruments, other financial instruments, and
derivative commodity instruments. Our bank indebtedness is priced at interest rates geared to the Prime Rate. Therefore, our interest expense may increase or decrease due to changes in the interest rate environment.

Item 4. Controls and Procedures

As of the end of the period covered by this Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, we carried out an evaluation, under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934). Based
on this evaluation, our chief executive officer and chief financial officer concluded that, as of the end of the fiscal quarter covered by this report, these disclosure controls and procedures are effective to ensure that information required to be
disclosed by us in the reports we file or submit under the Exchange Act is: (a) recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission, and (b) accumulated and
communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

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PART II  OTHER INFORMATION

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In September 2008, holders exercised J warrants and purchased 745,413 shares of Series B Stock for a total purchase price of $6.5 million in cash. The Companys issuance of these shares was exempt pursuant to Section 4(2) of the Securities
Act.

Item 5. Other Information

On October 29, 2008, the holders of the Companys remaining J warrants exercised them in full. Upon these exercises, the Company issued 748,366 shares of Series B Stock for a total purchase price of $6,525,753 in cash. The 1,493,779 shares
of Series B Stock outstanding as of October 31, 2008, convert into 5,975,116 common shares at the current conversion price of $2.18 per share.

Item 6. Exhibits

(a) Exhibits

The following exhibits are filed or furnished as part of this report:

|            |                                                                                                                                                                                             
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. | Description of Exhibit                                                                                                                                                                      
|            |                                                                                                                                                                                             
|*10.8       | Amendment to Technology Development and Option Agreement as of August 18, 2008, between SGPF, LLC and MedPro is incorporated by reference to Exhibit 10.1 to Form 8-K filed October 6, 2008.
|           
|*10.9       | MedPro Safety Products, Inc. 2008 Stock and Incentive Compensation Plan is incorporated by reference to Exhibit 10.9 to Form 8-K filed on August 22, 2008.                                  
|           
|*10.10      | Form of Nonqualified Stock Option Award Agreement Plan is incorporated by reference to Exhibit 10.10 to Form 8-K filed on August 22, 2008.                                                  

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|31.1 | Certification of Principal Executive Officer, pursuant to Rule 13a14(a).        
|---- | ---------------------------------------------------------------------------------
|    
|31.2 | Certification of Principal Financial Officer, pursuant to Rule 13a14(a).        
|    
|32.1 | Certification of Principal Executive Officer, pursuant to 18 U.S.C. Section 1350.
|    
|32.2 | Certification of Principal Financial Officer, pursuant to 18 U.S.C. Section 1350.

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29

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act if 1934, the Registrant had duly caused this amendment to be signed on its behalf by the undersigned thereunto duly authorized.

|               |                             
|-------------- | ----------------------------
|               | MEDPRO SAFETY PRODUCTS, INC.
|               | (Registrant)                
|              
|April 16, 2009 | By:                         
|              
|April 16, 2009 | By:                         

30

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INDEX TO EXHIBITS

|Exhibit No. | Description of Exhibit                                                          
|----------- | --------------------------------------------------------------------------------
|            |                                                                                 
|31.1        | Certification of Principal Executive Officer, pursuant to Rule 13a14(a).       
|           
|31.2        | Certification of Principal Financial Officer, pursuant to Rule 13a14(a).       
|           
|32.1        | Certification of Principal Executive Officer, pursuant to 18 U.S.C Section 1350.
|           
|32.2        | Certification of Principal Financial Officer, pursuant to 18 U.S.C Section 1350.

31

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