UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington,
D.C. 20549

FORM 10-K

(Mark One)

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

For the fiscal year ended December 31, 2008or

|  |                                                                                          
|- | -----------------------------------------------------------------------------------------
|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 000-53491

|                                                                    |  |                              
|------------------------------------------------------------------- |  | -----------------------------
|THE PARKVIEW GROUP, Inc.                                           
|                                                                   
|(Exact
 name of registrant as specified in its charter)            
|                                                                    |  |                              
|Delaware                                                            |  | 65-0918608                   
|                                                                    |  |                              
|(State
 or other jurisdiction of                                    |  | (I.R.S.
 Employer            
|Incorporation
 or Organization)                                     |  | Identification
 No.)         
|                                                                    |  |                              
|21301
 Powerline Road, Suite 103, Boca Raton, Florida               |  | 33433                        
|                                                                   
|(Address of principal executive offices)                            |  | (Zip Code)                   
|                                                                    |  |                              
|Registrants
 telephone number, including area code: (561) 789-4162
|                                                                   
|Securities
 registered pursuant to Section 12(b) of the Act:       
|                                                                    |  | Name
 of each                
|Title
 of each class                                                |  | Exchange
 on which registered
|                                                                    |  |                              
|None                                                                |  | None                         
|                                                                   
|Securities
 registered pursuant to Section 12(g) of the Act:       
|Common
 Stock, $.001 par value                                     
|                                                                   
|(Title
 of Class)                                                  

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

Yes o    No x


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

Yes o    No x


Indicate by check mark
whether the registrant (1) has filed all reports to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports)
and (2) has been subject to such filing requirements for the past 90 days.

Yes o    No x


Indicate by check mark if
disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not
contained herein, and will not be contained, to the best of the registrants
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form
10-K. x

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 definitions of large
accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act. (Check one):

| |                         |   |  |                           |  
| | ----------------------- | - |  | ------------------------- | -
| | 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 of 1934).

Yes o    No x


At present, there is no
trading market in our Common Stock. Accordingly, the aggregate market value of
the voting Common Stock held by non-affiliates of the registrant cannot be
calculated at this time. On March 16, 2009 there were 117,900 shares of our
Common Stock, par value $.001, held by non-affiliates.

The number of shares of the
registrants Common Stock outstanding as of March 16, 2009 was 1,421,200.

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Table of Contents

|         |          |                                                                                                                |  |      | 
|-------- | -------- | -------------------------------------------------------------------------------------------------------------- |  | ---- | 
|         |          |                                                                                                                |  | Page
|         |          |                                                                                                                |  |     
|PART I   |          |                                                                                                                |  |      | 
|         | Item 1.  | Business                                                                                                       |  | 3    | 
|         |          |                                                                                                                |  |      | 
|         | Item 1A. | Risk
 Factors                                                                                                  |  | 6    | 
|         |          |                                                                                                                |  |      | 
|         | Item 1B. | Unresolved
 Staff Comments                                                                                     |  | 14   | 
|         |          |                                                                                                                |  |      | 
|         | Item 2.  | Properties                                                                                                     |  | 14   | 
|         |          |                                                                                                                |  |      | 
|         | Item 3.  | Legal
 Proceedings                                                                                             |  | 14   | 
|         |          |                                                                                                                |  |      | 
|         | Item 4.  | Submission
 of Matters to a Vote of Security Holders                                                           |  | 14   | 
|         |          |                                                                                                                |  |      | 
|PART II  |          |                                                                                                                |  |      | 
|         | Item 5.  | Market for
 Registrants Common Equity, Related Stockholder Matters and Issuer Purchases
 of Equity Securities |  | 14   | 
|         |          |                                                                                                                |  |      | 
|         | Item 6.  | Selected
 Financial Information                                                                                |  | 17   | 
|         |          |                                                                                                                |  |      | 
|         | Item 7.  | Managements
 Discussion and Analysis of Financial Condition and Results of Operations                         |  | 17   | 
|         |          |                                                                                                                |  |      | 
|         | Item 7A. | Quantitative
 and Qualitative Disclosures About Market Risk                                                    |  | 20   | 
|         |          |                                                                                                                |  |      | 
|         | Item 8.  | Financial
 Statements and Supplementary Data                                                                   |  | 20   | 
|         |          |                                                                                                                |  |      | 
|         | Item 9.  | Changes in
 and Disagreements with Accountants on Accounting and Financial Disclosure                          |  | 20   | 
|         |          |                                                                                                                |  |      | 
|         | Item 9A. | Controls
 and Procedures                                                                                       |  | 21   | 
|         |          |                                                                                                                |  |      | 
|         | Item 9B. | Other
 Information                                                                                             |  | 22   | 
|         |          |                                                                                                                |  |      | 
|PART III |          |                                                                                                                |  |      | 
|         | Item 10. | Directors
 and Executive Officers of the Registrant                                                            |  | 22   | 
|         |          |                                                                                                                |  |      | 
|         | Item 11. | Executive
 Compensation                                                                                        |  | 24   | 
|         |          |                                                                                                                |  |      | 
|         | Item 12. | Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder
 Matters               |  | 25   | 
|         |          |                                                                                                                |  |      | 
|         | Item 13. | Certain
 Relationships and Related Transactions                                                                |  | 26   | 
|         |          |                                                                                                                |  |      | 
|         | Item 14. | Principal
 Accountant Fees and Services                                                                        |  | 28   | 
|         |          |                                                                                                                |  |      | 
|PART IV  |          |                                                                                                                |  |      | 
|         | Item 15  | Exhibits
 and Financial Statement Schedules                                                                    |  | 29   | 
|         |          |                                                                                                                |  |      | 
|         |          | Signatures                                                                                                     |  | 30   | 

2

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PART I

|        |         
|------- | --------
|Item 1. | Business

Forward-Looking Statements

This
Report on Form 10-K contains statements that plan for or anticipate the future.
Forward looking statements include statements about our future business plans
and strategies, and most other statements that are not historical in nature. In
this report, forward-looking statements are generally identified by the words
anticipate, plan, believe, expect, estimate, and the like. Because
forward looking statements involve future risks and uncertainties, there are
factors that could cause actual results to differ materially from those
expressed or implied. For example, a few of the uncertainties that could affect
the accuracy of forward-looking statements include:

| |   |                                                                            
| | - | ---------------------------------------------------------------------------
| | · | Changes in general
 economic and business conditions affecting our Company;
| | · | Legal or policy
 developments that diminish the appeal of our Company; and 
| | · | Changes in our business
 strategies.                                       

The
Private Securities Litigation Reform Act of 1995, which provides a safe
harbor for similar statements by existing public companies, does not apply to
our Company.

Our Business Development

History

Parkview
was formed on April 7, 1999. From its inception Parkview has been in the
business of providing management consulting services to corporate clients
comprised primarily of (i) analyzing and addressing the clients management
requirements, (ii) developing strategic initiatives and related industry
partnerships, including providing assistance with respect to joint ventures and
strategic business alliances, (iii) assisting with the negotiation of contracts
between the client and its suppliers and customers, (iv) analyzing the clients
present and prospective corporate organizational structure, (v) providing
recommendations with respect to legal, accounting, and other professionals to
be retained by the client, (vi) assessing the structure of the clients board
of directors and assisting the client in establishing audit and compensation
committees, and (vii) providing advice to the client regarding the appropriate
levels and forms of executive and director compensation, whenever it has been
able to acquire a contract for its services. Through December 2006, the Company
realized annual revenues for its services, albeit not consistently resulting in
annual profits.

Since January 2007, Parkview
has not generated any revenue from services. From January 2007 to the present,
the Companys management has focused its efforts on raising capital, planning
for future operations, developing marketing strategies and exploring for
potential commercial opportunities. It has funded those non-revenue producing
operations and met its financial obligations as needed since January 2007 by
liquidation of investment securities contributed by prior management as
additional paid-in capital and through private placement offerings of its
restricted Common Stock. Due to the Companys failure to generate operating revenues
during the two (2) fiscal years ended December 31, 2008, Parkview has been
classified as a development stage company since January 2007.

On
May 20, 2008, Richard B. Frost was appointed the president of Parkview. During
the past five (5) years Mr. Frost has had extensive experience in the operation
and management of specialty pharmaceutical companies. He has significant
experience and expertise in the sales, marketing, and distribution of both
products and services, domestically and internationally. Consistent with Mr.
Frosts background, Parkview plans to offer sales, marketing, and distribution
consulting to its prior and prospective clients. To date, no material progress
has been made by the Company in expanding its business model.

3

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On
October 23, 2008, Parkview formed a wholly-owned subsidiary, Distressed Assets
Disposition Services, Inc. (DADS), a Florida corporation, as the vehicle
through which Parkview also intends to seek to opportunistically exploit what
it views as a rapidly growing distressed assets market. DADS will assist
businesses with the disposition of some or all of their tangible assets that
may be considered distressed due to contracting markets, inefficient pricing
mechanisms, and illiquidity often directly linked to obsolescence, workforce
reduction, discontinued operations, or relocation. Parkview anticipates and is
planning to assist other businesses by arranging sales of distressed assets to
potential buyers known to Parkviews personnel, soliciting bids for their
distressed assets from other companies with operations in the same industry as
its distressed assets client, placing advertisements in industry specific
publications, participating in auctions through auction intermediaries such as
eBay and, perhaps, developing its own proprietary internet-based auction site.
In particular, Parkview expects to assist its clients with the disposition of
distressed assets comprised of excess inventory, new and pre-owned business
furniture, fixtures and equipment and health care related products.

Initially,
due to financial constraints, DADS will assist companies with the disposition
of their distressed assets acting on an agency basis, and will earn a
negotiated cash fee that will be contingent upon the successful disposition of
the subject distressed assets. In addition, from time to time, DADS may accept
distressed assets for disposition on consignment, if the costs of the
transportation and storage of the distressed assets are not deemed prohibitive.
Finally, when and if DADS financial resources allow, it may act as a
principal, buying and selling distressed assets for its own account. Principal
activity, if any, will likely be reliant upon the availability of commercial
credit to DADS, which credit may not be available on acceptable terms, or at
all.

General

From
January 2007 to the present, the Companys management has focused its efforts
on raising capital, planning for future operations, developing marketing
strategies and exploring for potential commercial opportunities. It has funded
those non-revenue producing operations and met its financial obligations as
needed since January 2007 by liquidation of investment securities contributed
by prior management as additional paid-in capital and through private placement
offerings of its restricted Common Stock. Due to the Companys failure to
generate operating revenues during the two (2) fiscal years ended December 31,
2008, Parkview is now and has been in the development stage since January 1, 2007.
Operations have not generated revenue since the Company has been in the
development stage, and additional planned operations have not yet started. From
April 1999 through December 2006, Parkview engaged in providing management
consulting services to various businesses operating in diverse industries.
While its operations during that period were revenue producing, they were not
always profitable.

With
the appointment of Richard B. Frost as the president of Parkview, on May 20,
2008, Parkview began exploring its prospects for expansion of its business
model of providing management, sales, marketing, and distribution consulting
services with a view toward resumption of revenue producing operations. With
formation of its new wholly-owned subsidiary, Parkview also intends to explore
opportunities presented by what it views as an increasing distressed assets
business marketplace. To date, no material progress has been made by the
Company in expanding its business model.

Parkview
might also consider other means of expanding its businesses in the future, such
as through joint ventures or strategic business alliances. The
Company anticipates that it may eventually have one or more opportunities to
enter into joint ventures or strategic alliances with an entity or entities
engaged in, or proposing to engage in, businesses that will be seen by the
Company as, compatible or complementary to its operations or to its expected
operations at such time. Of particular interest to the Company would be collaborating
with entities that are engaged in the health care industry, an industry in
which Parkviews Chief Executive Officer, Richard B. Frost, has a wealth of
experience. There are currently no such opportunities or specific possibilities
known to, or under consideration by, the Company. That sort of transaction, if any, might entail the issuance of
additional shares of Parkviews Common Stock or other securities. Should the
Company engage in joint ventures or strategic business alliances in the future
that do require dilutive issuance of additional shares of its Common Stock or
the issuance of other securities, they will be made in compliance with
applicable Federal and state securities and governing provisions of Delaware
corporate law. Depending upon the structure of a given joint venture or
strategic alliance, submission of information to shareholders regarding the
proposed specific venture or alliance, or shareholder approval of it, may not
be required. The Company currently has no specific plans for expansion through
joint venture arrangements or entry into strategic business alliances and is
accordingly unable now to estimate whether any suitable opportunities for
expansion of its business in that manner might actually arise.

4

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Our Business

We
encounter intense competition from other entities having a business objective
similar to ours. Many of these competitors possess greater financial,
marketing, technical, personnel and other resources than we do and we cannot
assure you that we will have the ability to compete successfully. Our financial
resources are limited in comparison to those of many of our competitors. This
inherent competitive limitation could compel us to select certain less
attractive customer relationship opportunities. We cannot assure you that such
opportunities will permit us to meet our stated business objectives. Our
limited funds and lack of full-time management will likely make it
impracticable to conduct a complete and exhaustive investigation and analysis
of a customer relationship opportunity before we commit our resources to it.

We expect to experience substantial competition
in attempting to secure clients for our services. Our competitors include large
international firms such as Booz Allen Hamilton and McKinsey & Company, as
well as numerous regional and local advisory firms. Our current competitive
position is poor at best and is severely hampered by the fact that almost all
of our competitors, and potential competitors, possess significantly greater
resources than Parkview and have longer operating histories. In addition, the
economy is currently in the midst of a severe recession that has generally
caused businesses to cut their operating budgets and restrict new expenditures,
negatively affecting the universe of prospective clients for Parkviews
services, and increasing competitive pressure.

The
Company currently employs direct solicitation of prospects through managements
networking efforts to attempt to secure clients. To date, management has
solicited companies on behalf ot Parkview in various industries, including
healthcare products, medical monitoring, apparel manufacturing, metal
fabrication, and education. We have not yet been retained by any such
prospective clients, nor can we offer any assurance that we will ever be
retained.

In
the future, should our resources permit, we anticipate placing, advertisments
for our services in various trade publications and directories that have yet to
be determined, and perhaps through development of a Parkview website.

Until
we raise capital and secure a number of revenue producing client relationships,
our Company does not expect to meet its capital requirements for the next twelve
months. We cannot assure you that even if we raise capital and secure a number
of engagements for our consulting services, that we will meet our capital
requirements.

Our
Company must generate revenue from operations or otherwise to enable us to pay
our obligations as they come due, and we must ultimately implement our business
plan and strive effectively to achieve profitable operations. We cannot assure
you that we will be successful in any of these activities. Should any of these
events not occur, our financial condition will be materially adversely
affected. If our Company, despite the best efforts of our management, continues
to be without revenue from operations, we will need to raise additional capital
to meet our capital requirements for the following twelve months.

5

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Employees

Our
present officers and directors are our only employees, and they devote minimal
time to our business. We have no full-time employees. We expect to use
consultants, attorneys and accountants as necessary,

Facilities

Presently,
our executive and business office is located at 21301 Powerline Road, Suite
103, Boca Raton, Florida 33433. We believe this office space is adequate to
serve our present needs.

Government Regulations

During
the period covered by this report, our business was not subject to direct
regulation by any domestic or foreign governmental agency, other than
regulations generally applicable to businesses, and we believe that we have
complied with these laws and regulations in all material respects.

|         |              
|-------- | -------------
|Item 1A. | Risk
 Factors

Risks Relating to Parkviews Business

The
purchase of shares of capital stock of the Company involves many risks. A
prospective investor should carefully consider the following risk factors
before making a decision to purchase any such shares:

We have a limited operating history and a history of losses.

We
have no current revenue producing operations and, as such, may not be able to
overcome unanticipated difficulties that may be encountered related to the
implementation of our business plan. Our Company has a limited operating
history, a limited history of revenue from operations, and a history of losses.
In addition, because our Company currently has no revenue producing operations,
we face all of the risks inherent with a start-up business, including the
possibility that we will not be able to locate, identify and secure a
sufficient number of revenue producing customer relationships to assure future
viable operations. We cannot assure you, if our Company does locate, identify
and secure revenue producing client relationships, that our businesses will
ever be profitable. We may also face unforeseen problems, difficulties,
expenses or delays in implementing our business plans.

Parkviews lack of revenue producing customer relationships.

The Company has failed to
generate revenues from operations since January 2007. At present it has only
one customer relationship, a three (3) year consulting contract expiring in
December 2010, from which it has not realized any consulting fee revenue to
date. While the loss of this customer in the circumstances will not likely
materially worsen the Companys current lack of revenues situation, if the
Company, despite its best efforts, is unable to identify and secure additional
significant revenue producing customer relationships prior to the possible
exhaustion of its liquid assets, its results of commercial operations will
continue to be negative and investors in the Companys Common Stock may
ultimately suffer loss of their entire investment.

6

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The Company has been in the development stage since January
2007.

Parkview is now and has been
in the development stage since January 1, 2007. Operations have not generated
revenue since the Company has been in the development stage, and additional
planned operations have not yet started. From April 1999 through December 2006,
Parkview provided management consulting services to various businesses
operating in diverse industries. While its operations during that earlier period
were revenue producing, they were not always profitable. If the Company,
despite its best efforts, is unable to identify and secure additional
significant revenue producing customer relationships prior to the possible
exhaustion of its liquid assets, its results of commercial operations will
continue to be negative and investors in the Companys Common Stock may
ultimately suffer loss of their entire investment.

Net losses and lack of significant operating history.

From April 1999 through
December 2006, Parkview provided management consulting services to various
businesses operating in diverse industries. While its operations during that
earlier period were revenue producing, they were not always profitable and
cannot be viewed as comprising a significant or substantial operating history.
Since January 2007, the Company has failed to generate any revenue from
consulting services operations and has operated at a net loss. It has funded
its non-revenue producing operations and met its financial obligations as
needed since January 2007 by liquidation of investment securities contributed
by prior management as additional paid-in capital and through private placement
offerings of its restricted Common Stock. If, despite its best efforts, the
Company is unable to identify and secure additional significant revenue
producing customer relationships, prior to the exhaustion of its liquid assets,
its results of commercial operations will continue to be negative, and
investors in the Common Stock may ultimately suffer loss of their entire
investment. To date, no
material progress has been made by the Company in expanding its business model.

Parkviews future operating results may fluctuate and cause
the price of its Common Stock to decline.

Parkview expects that its
future consulting services operating results may fluctuate due to various
factors, many of which are beyond its control. The factors that could be the
cause of Parkviews operating results fluctuating include, but are not limited
to:

| |   |                                                                         
| | - | ------------------------------------------------------------------------
| | · | Parkviews ability to
 generate revenues from operations                
| |   |                                                                         
| | · | Parkviews ability to
 obtain additional financing on satisfactory terms
| |   |                                                                         
| | · | Parkviews ability to
 attract and retain additional qualified employees
| |   |                                                                         
| | · | Parkviews ability to
 successfully expand into new client engagements  
| |   |                                                                         
| | · | Changes in costs and fees
 that Parkview pays                           

7

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| |   |                                                                     
| | - | --------------------------------------------------------------------
| | · | Changes in client
 preferences or discretionary client spending, and
| |   |                                                                     
| | · | Future government
 regulation of the management consulting industry 

If
Parkviews services, sales, or operating results fall below the expectations of
investors or securities analysts, the price of its Common Stock could
significantly decline.

Parkviews future growth is dependent upon the development of
new consulting and distressed assets disposition services opportunities. There
can be no assurance that such opportunities can or will be developed.

The
primary element of Parkviews strategy is to begin to generate revenue and
subsequent revenue growth by focusing on new consulting services opportunities
and distressed assets disposition opportunities that can deliver benefits to
new, former, and existing clients. The development of these opportunities and
clients requires significant research, marketing effort and commercial insight.
The results of Parkviews development efforts may be affected by a number of
factors, including its ability to innovate, develop, and propose new services
and achieve better client results or gain and maintain market approval of its
services regimens. In addition, clients obtained by others can preclude or
delay our commercialization of a new consulting idea or approach. There can be
no assurance that any new efforts now under consideration or that Parkview may
seek to develop in the future, will achieve commercial feasibility or gain
client market acceptance.

The management consulting services industry is very
competitive.

Parkview
faces competition from a wide range of companies including many large and small
companies, most of which have greater financial, marketing and personnel
resources than Parkview. Parkview also faces competition from firms that are
more specialized than it is with respect to particular markets. In addition,
some competitors have established broad practices and lower cost consulting
systems approaches as a means to lower their fees to clients.

The
development of new or improved methodologies and processes by other consulting
companies may make Parkviews services offerings and proposals obsolete or less
competitive, and may materially adversely affect its earnings, financial
condition, or cash flows.

Consolidation in the management consulting services industry
could adversely affect Parkviews future revenues and operating income.

The
management consulting services industry has experienced a significant amount of
consolidation. As a result, competition to provide consulting services to
corporations has increased. Further consolidation in the industry could exert
additional pressure on the fees chargeable for our services and adversely
affect Parkviews earnings, financial condition or cash flows.

Parkview cannot guarantee that any possible future strategic
joint venture, partnership, or other alliance will be successful.

While
Parkviews strategy to increase revenue growth is driven primarily by new
opportunities development, it may also seek to supplement its growth through
strategic joint ventures, partnerships, or other alliances. Those relationships
can be inherently risky. Their success may be affected by a number of factors,
including Parkviews ability to properly assess and value the specific
potential business opportunity, or to successfully integrate it into its
existing business There can be no assurance that any future relationships of
this nature will be successful or that such relationships, if any, will not
materially adversely affect Parkviews earnings, financial condition, or cash
flows. There are currently no such opportunities or specific
possibilities known to, or under consideration by, the Company. The Company has
no specific plans to try to expand its businesses through strategic joint
ventures, partnerships or other alliances.

8

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Parkview may need additional financing, which may not be
available on satisfactory terms, or at all.

Since
January 2007, Parkview has not been able to generate any revenue from services.
From January 2007 to the present, the Companys management has focused its
efforts on raising capital, planning for future operations, developing marketing
strategies, and exploring for potential commercial opportunities. It has funded
those non-revenue producing operations and met its financial obligations by
liquidation of investment securities contributed by prior management as
additional paid-in capital and through private placement offerings of its
restricted Common Stock. The Company may need to raise additional funds to
support its anticipated future expansion and growth. Parkviews funding
requirements may change as a result of many factors, including underestimates
of budget items, unanticipated cash requirements, future consulting services
opportunities, and future business joint ventures, partnerships, or alliances,
if any. Consequently, Parkview may need to seek additional sources
of financing, which may not be available on favorable terms, if at all, and
which may be dilutive to existing stockholders.

Parkview
may seek to raise additional financing through further equity offerings, debt
financings, or additional corporate collaboration and licensing arrangements.
To the extent that it raises additional capital by issuing equity securities,
its stockholders may experience dilution. To the extent that Parkview raises
additional capital by issuing debt securities, Parkview could incur substantial
interest obligations, may be required to pledge assets as collateral for the
debt, and may be constrained by restrictive financial and/or operational
covenants. Debt financing obligations would also be superior to the
stockholders interests in bankruptcy or liquidation.

Parkview depends on its current officers; any loss of their
services may adversely affect its businesses.

Parkview
is highly dependent upon the efforts of its senior management team. The death
or departure of any of its key personnel could have a material adverse effect
on its business. In particular, the loss of Mr. Frost, Parkviews Chairman and
Chief Executive Officer, could significantly impact its ability to operate and
grow the business, and could cause performance to differ materially from
anticipated results.

The Companys officers and directors may encounter conflicts
of interest with its business activities.

Parkview
has no established policies or procedures for the resolution of potential
conflicts of interest between the Company and its officers and directors,
Parkviews officers and directors are owners, principals and/or affiliates of
other businesses that may engage in business activities substantially similar
to or competitive with the business activities that we may approach in the
future. None of the Companys officers or directors has agreed to refrain from
engaging in business activities competitive with Parkview, or to grant the
Company any rights of first refusal with respect to competitive opportunities
that may become available to them or any of them. Parkview has agreed to accept
any resulting potential conflicts of interest. In the possible event that an
officer or director of the Company does engage in the future in activities
conflicting with the Companys interests, Parkviews financial and business
results may be adversely affected.

9

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Parkview has insufficient available labor to implement its
anticipated growth.

Parkview
currently has no employees other than its four (4) officers, none of whom is
required to commit a significant amount of their time to the Companys affairs.
Its prospects for success depend in large part upon the Companys ability to
attract, motivate, and retain a sufficient number of additional qualified employees
necessary to accomplish its anticipated expansion. Qualified individuals of the
requisite caliber and skill needed to fill consultant positions are in short
supply in most areas. There is, and can be, no assurance that we will be able
to identify, locate and secure the needed number and caliber of additional
employees, when needed. Moreover, if secured as and when needed, subsequent
significant employee turnover rates could have a material adverse effect on
Parkviews business, financial condition, operating results or cash flows.
Additionally, competition for requisite qualified employees could require
Parkview to pay higher compensation to attract sufficient suitable consultant
employees, which could result in higher labor costs, adversely affecting Parkviews
financial condition, operating results or cash flows. If the Company is unable
to implement a balanced, positive approach to these obstacles and overcome
them, its prospects for success will be severely diminished.

Parkviews expansion efforts may strain its infrastructure,
which could slow its development.

Parkview
also faces the risk that its systems and procedures, financial controls, and
information systems will be inadequate to support its anticipated expansion.
Parkview cannot predict whether it will be able to respond on a timely basis to
all of the changing demands that its expansion, if achieved, will impose on
management and these systems and controls. If Parkview fails to continue to
improve its information systems and financial controls or to manage other
factors necessary for it to achieve its anticipated expansion, its business,
financial condition, operating results, or cash flows could be materially
adversely affected.

Risks relating to ownership of Parkviews Common Stock; we
cannot assure what the market price of Parkviews Common Stock will be.

There
is not now and has never been a public trading market for Parkviews Common
Stock. We cannot predict the prices at which Parkviews Common Stock might
trade. It is possible that in some future quarter moreover, Parkviews
operating results may be below the expectations of public market analysts and
investors and, as a result of these and other factors, the price of Parkviews
Common Stock may decline.

If Parkview fails to maintain the adequacy of its internal
controls, its ability to provide accurate financial statements and comply with
the requirements of the Sarbanes-Oxley Act of 2002 could be impaired, which
could cause its future stock price to decline substantially.

Because
Parkview formerly operated as a private company without a public reporting
obligation, it has limited personnel and resources to dedicate to the
development of the external reporting and compliance obligations that are
required of a public company. Parkview expects to take measures to address and
improve its financial reporting and compliance capabilities and anticipates
instituting changes to satisfy its obligations in connection with becoming a
public company. Parkview plans to obtain additional financial and accounting
resources to support and enhance its ability to meet the requirements of being
a public company. Parkview will need to continue to improve its financial and
managerial controls, reporting systems and procedures, and related
documentation. If Parkviews financial and managerial controls, reporting
systems or procedures fail, it may not be able to provide accurate financial
statements on a timely basis or comply with the Sarbanes-Oxley Act of 2002 as
it applies to us. Any failure of Parkviews internal controls or its ability to
provide accurate financial statements could cause the trading price of
Parkviews Common Stock to decline substantially.

10

---



The market price of Parkviews Common Stock may be highly
volatile.

The
market price of Parkviews Common Stock may fluctuate significantly in response
to factors, some of which are beyond its control, such as, the announcement of
new clients or services by Parkview or by its competitors, quarterly variations
in its, and its competitors, results of operations, changes in earnings
estimates or recommendations by securities analysts, developments in the
management consulting services industry, and general market conditions and
other factors, including factors unrelated to its own operating performance or
the condition or prospects of the industry.

Further,
the stock market in general, and securities of small-cap companies in
particular, have recently experienced extreme price and volume fluctuations.
Continued market fluctuations could result in extreme volatility in the price
of Parkviews Common Stock, which could cause a decline in its value. In
addition, that price volatility might be worse if the trading volume of
Parkviews Common Stock is low.

There
can be no assurance that an active market for Parkviews Common Stock will
develop. Accordingly, investors must assume that they may have to bear the
economic risk of an investment in Parkviews Common Stock for an indefinite
period of time.

Management may apply the proceeds of its current Private
Placement Offering to uses for which investors may disagree.

Parkviews
management will have considerable discretion in using the proceeds of the
Companys pending Private Placement offering. (See Item 5.(e) below, Recent
Sales of Unregistered Securities). Investors will not have an opportunity, as
part of their investment decision, to assess whether the proceeds are being
used appropriately. The proceeds may be used for corporate purposes with which
investors may disagree.

There is no assurance that Parkviews Common Stock will
become liquid.

We
intend to apply to have Parkviews Common Stock quoted on the OTCBB as soon as
practicable. However, there is, and can be, no assurance that such application
will be granted, or if granted, that an active trading market for Parkviews
Common Stock will develop as a result of an OTCBB quotation. In addition, if
Parkview fails to meet the criteria set forth in the SEC regulations, various
requirements would be imposed by law on broker-dealers who sell our securities
to persons other than established customers and accredited investors.
Consequently, those regulations may deter broker-dealers from recommending or
selling Parkviews Common Stock, which may further affect its liquidity and
make it more difficult for Parkview to raise additional capital.

We may need to obtain additional funds to continue with our
business.

We
may need to obtain additional funds to continue with our business to fund
general and administrative expenses and periodic reporting requirements, and we
cannot assure you that such funds will be available, or will be available on
favorable terms. Failure to secure needed funds may directly impact our
Companys ability to maintain its reporting status, and potentially, the
corporate entity itself. While management has dedicated itself to the efforts
to secure revenue, the outcome and ultimate success of those efforts is
uncertain.

11

---



Investing in our stock is highly speculative and an investor
could lose some of, or the entire amount invested.

Our
business plan is highly speculative and, therefore, an investor in our Common
Stock may lose his or her entire investment. The value of our Common Stock may
decline and may be affected by numerous market conditions, which could result
in the loss of some or the entire amount invested in our Common Stock. The
securities markets frequently experience extreme price and volume fluctuations
that affect market prices for securities of companies in general, and very
small capitalization companies, such as Parkview, in particular.

The cost of maintaining our reporting obligations is high
compared to our available cash.

Our
Company is obligated to maintain its periodic public filings and public
reporting requirements, on a timely basis, to remain a public company and
maintain its ability to be traded on the over-the-counter markets. In order to
meet these obligations, our Company will need to continue to realize sufficient
revenues from operations or perhaps raise additional capital. If adequate funds
are not available to our Company, it will be unable to comply with those
requirements and could cease to be qualified to have its stock quoted in the
public market.

Our stockholders face potential dilution in any new
financing.

Any
additional equity that our Company raises would dilute the interest of both the
current stockholders and any persons who may become stockholders before such
future financing. Such dilution in any financing could be substantial.

The Success of our Present Efforts will be Dependent upon
Market Acceptance and Competitive Factors.

The
success of our present efforts to secure revenue producing customer
relationships will be highly dependent upon, among other things, gaining market
acceptance from customers that will use our consulting services. More
specifically, these factors include, among other things, how well our services
benefit our clients (ease of implementation, ease of use by our customers,
reliability, and scope of services), competitive forces, the level of corporate
demand for our services offered, the cost of the Companys services, and the
effectiveness of our marketing activities.

Our Management Controls the
Companys Affairs and Operations and We have No Disinterested Members of our
Board of Directors.

Our
management owns approximately sixty-seven (67 %) percent of the issued and
outstanding shares of our Common Stock. Our Companys Articles of Incorporation
do not provide for cumulative voting for the election of directors.
Consequently, even if additional shares of our Common Stock are issued, so long
as management continues to own in excess of fifty (50%) percent of our issued
and outstanding shares of Common Stock, management can elect all of our
directors, appoint officers and otherwise control our affairs and operations.
Further, our board of directors currently has no formal committees, such as a
compensation committee or an audit committee, and most likely will not form
such committees until some time after the achievement of significant revenue
production from its operations.

12

---



Potential Securities Sales by
Affiliate Shareholders.

Our
officers and directors individually may actively negotiate or otherwise consent
to the purchase of a portion of their Common Stock in connection with a personal
business opportunity. In the process, an officer or director may consider his
or her own personal financial benefit rather than the best interests of the
Company or our other shareholders. The other Company shareholders are not
expected to be afforded the opportunity to approve or consent to any particular
such stock transaction.

No Public Trading Market for Our
Companys Securities Exists and We Cannot Assure You That a Public Trading
Market Will Develop.

No
public trading market for our Common Stock exists. We cannot assure you that a
trading market will develop for the shares of our Common Stock or that, if
developed, any such market will be sustained. Quotation of our Common Stock
will likely be conducted through what is customarily known as the
Over-The-Counter Bulletin Board. Any market for our Common Stock which may
result will likely be less well developed than if the Common Stock were traded
on the NASDAQ or an exchange.

Rules Related to Low-Priced Equity
Securities May Make it Harder for You to Sell our Common Stock.

Our
Companys securities, if and when available for trading, will likely be subject
to the SECs rules that regulate broker-dealer practices in connection with
transactions in penny stocks. These rules regulate broker-dealer practices in
connection with transactions in penny stocks. Penny stocks are defined by law
generally as equity securities with a price of less than $5.00 per share (other
than securities registered on certain national securities exchanges or quoted
on the NASDAQ system, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or
system). The penny stock rules place additional responsibilities on
broker-dealers effecting transaction in such securities. These requirements may
have the effect of reducing the level of trading activity in the secondary
markets for a stock that is subject to the penny stock rules.

Any Returns on Investment May Be Limited to the Value of the
Companys Common Stock

We
do not anticipate paying cash dividends in the foreseeable future. The payment
of dividends on our Common Stock will depend on earnings, financial condition
and other business and economic factors affecting it at such time as the board
of directors may consider relevant. Our Companys Common Stock may be less
valuable because a return on investment will only occur if its stock price
appreciates.

13

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|         |                           
|-------- | --------------------------
|Item 1B. | Unresolved
 Staff Comments

Not
Applicable.

|        |           
|------- | ----------
|Item 2. | Properties

Presently,
we conduct our operations within office space, provided without cost to the
Company by a shareholder, located at 21301 Powerline Road, Suite 103, Boca
Raton, Florida 33433. This space is adequate for our current needs. We expect
to be able to continue to utilize this space free of charge until we are able
to generate meaningful revenue from commercial operations.

|        |                   
|------- | ------------------
|Item 3. | Legal
 Proceedings

The
Company is not a party to any pending or threatened litigation. Management is
unaware of the existence of any grounds upon which an action by or against the
Company might be based.

|        |                                                     
|------- | ----------------------------------------------------
|Item 4. | Submission
 of Matters to a Vote of Security Holders

Not
Applicable.

PART II

|        |                                                                                                               
|------- | --------------------------------------------------------------------------------------------------------------
|Item 5. | Market
 for Registrants Common Equity, Related Stockholder Matters and Issuer
 Purchases of Equity Securities

| |     |                    
| | --- | -------------------
| | (a) | Market
 Information

No
public trading market presently exists for our Common Stock, and we cannot
assure you that a trading market for our Common Stock will ever develop.

Penny Stock Regulations and Restrictions on
Marketability. The SEC has adopted rules that regulate broker-dealer
practices in connection with transactions in penny stocks. Penny stocks are
generally equity securities with a market price of less than $5.00, other than
securities registered on certain national securities exchanges or quoted on the
NASDAQ system, provided that current price and volume information with respect
to transactions in such securities is provided by the exchange or system. The
penny stock rules require a broker-dealer, prior to a transaction in a penny
stock, to deliver a standardized risk disclosure document prepared by the SEC,
that: (a) contains a description of the nature and level of risk in the market
for penny stocks in both public offerings and secondary trading; (b) contains a
description of the brokers or dealers duties to the customer and of the
rights and remedies available to the customer with respect to a violation of
such duties or other requirements of the securities laws; (c) contains a brief,
clear, narrative description of a dealer market, including bid and ask prices
for penny stocks and the significance of the spread between the bid and ask
price; (d) contains a toll-free telephone number for inquiries on disciplinary
actions; (e) defines significant terms in the disclosure document or in the conduct
of trading in penny stocks; and (f) contains such other information and is in
such form, including language, type size and format, as the SEC shall require
by rule or regulation.

14

---



The
broker-dealer also must provide the customer, prior to effecting any
transaction in a penny stock with (a) bid and offer quotations for the penny
stock; (b) the compensation of the broker-dealer and its salesperson in the
transaction; (c) the number of shares to which such bid and ask prices apply,
or other comparable information relating to the depth and liquidity of the
market for such stock; and (d) a monthly account statement showing the market
value of each penny stock held in the customers account.

In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchasers written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions
involving penny stocks, and a signed and dated copy of a written suitability
statement.

These
disclosure requirements may have the effect of reducing the trading activity
for our Common Stock. If such a reduction should occur, stockholders may have
difficulty selling our securities.

| |     |        
| | --- | -------
| | (b) | Holders

During
the period covered by this report, approximately 37 holders of record held our
Common Stock.

| |     |          
| | --- | ---------
| | (c) | Dividends

Only
a single cash dividend has been declared and paid on our Common Stock since the
Companys inception. While no restrictions, other than statutory minimum legal
capital, limit our ability to pay dividends on our Common Stock, we do not expect to pay any dividends in the
foreseeable future.

| |     |                                                                     
| | --- | --------------------------------------------------------------------
| | (d) | Securities
 Authorized for Issuance Under Equity Compensation Plans.

Not
Applicable.

| |     |                                         
| | --- | ----------------------------------------
| | (e) | Recent
 Sales of Unregistered Securities

No
securities that were not registered under the Securities Act of 1933 (the
Act) have been issued or sold by Parkview within the past three (3) years,
except as follows:

On August 8, 2006 Parkview issued 1,500,000 shares of its restricted Common
Stock to Laura Palisa Mujica for proceeds in the amount of $1,500. The shares
were issued to Ms. Mujica, who is Mr. C. Leo Smiths mother, in connection with
Mr. Smiths assumption of his former positions as the Companys officer and
director at that time and were deemed to be beneficially owned by Mr. Smith.
The issuance was considered to be exempt from registration under Section 5 of
the Act, in reliance on Section 4(2) thereof, as a transaction by an issuer not
involving any public offering and in that the certificate representing that
stock bore a legend stating, that the securities were not registered under the
Act, and referring to applicable restrictions imposed upon their subsequent
transferability and sale. Parkview repurchased all of the shares from Ms.
Palisa Mujica on January 4, 2008 for $1,500, as an aspect of Mr. C. Leo Smiths
resignation and departure as an officer and director at that time,

15

---



On
August 6, 2007 Parkview completed a private placement of 17,200 shares of
restricted Common Stock to fifteen (15) investors. The shares issued upon
completion of the private placement were deemed exempt from registration
pursuant to Section 4 (2) the Securities Act of 1933 (the Act) in reliance on
Regulation D and Rule 504 promulgated thereunder. The Company was able to claim the private
placement exemption indicated in that the offering was made to less than
thirtyfive (35) investors, solely to purchasers within the State of Florida,
without sales commission or similar compensation paid to any person, and in
that the offering involved neither general solicitation nor general
advertising. Furthermore, the purchasers each advised the Company prior to
purchase that they were purchasing the securities offered solely for their own
account, that they had been informed that all of the securities purchased were
unregistered, restricted securities subject to stop-transfer instructions and
that all certificates representing the purchased securities would bear legends
stating, the securities were not registered under the Act, and referring to
applicable restrictions imposed upon their subsequent transferability and sale.

Parkview sold and issued
17,200 shares of Common Stock at $ .25 per share, for proceeds totaling $4,300,
to the following investors:

|                                 |  |                   |   |                  |   |     | 
|-------------------------------- |  | ----------------- | - | ---------------- | - | --- | 
|Name
 of Investor                |  | Number
 of Shares |   | Amount
 Invested |  
|                                 |  |                   |   |                  |  
|                                 |  |                   |   |                  |   |     | 
|John LaSala                      |  | 1,000             |   |                  | $ | 250 | 
|Allen Weinstein                  |  | 1,000             |   |                  | $ | 250 | 
|Robert Beltrame                  |  | 1,500             |   |                  | $ | 375 | 
|Eugene M. Kennedy                |  | 1,200             |   |                  | $ | 300 | 
|Lana R. Claman                   |  | 1,200             |   |                  | $ | 300 | 
|Bert Gusrae & Wendy
 Tand-Gusrae |  | 1,300             |   |                  | $ | 325 | 
|Alma Adamo                       |  | 1,000             |   |                  | $ | 250 | 
|Jesse Small                      |  | 1,000             |   |                  | $ | 250 | 
|David Messinger                  |  | 1,000             |   |                  | $ | 250 | 
|Jacqueline Borer                 |  | 2,000             |   |                  | $ | 500 | 
|David J. Blechman                |  | 1,000             |   |                  | $ | 250 | 
|Nicholas F. LaSala Trust         |  | 1,000             |   |                  | $ | 250 | 
|Brent A. Peterson                |  | 1,000             |   |                  | $ | 250 | 
|C. Leo Smith                     |  | 1,000             | * |                  | $ | 250 | 
|Leroy A. Smith, MD               |  | 1,000             | * |                  | $ | 250 | 

*These shares were
repurchased by Parkview for the aggregate amount of $500 on January 4, 2008 in
connection with the resignation and departure of Mr. C. Leo Smith as an officer
and director of the Company at that time.

On
June 15, 2008 Parkview commenced a second private placement, offering up to
250,000 shares of its restricted Common Stock, solely to accredited investors.
This private placement offering is currently underway pending completion after
the date hereof. Issuances of Common Stock in this pending private placement
are, and will be, deemed exempt from registration under the Act
in reliance on Regulation D and Rule 506 promulgated thereunder. The Company is
able to claim the private placement exemption indicated in that the offering
has and will be made solely to accredited investors, without sales commission
or similar compensation paid or payable to any person, and in that the offering
involves neither general solicitation nor general advertising. Furthermore, the
purchasers have, and will have, each advised the Company prior to purchase that
they are accredited investors, purchasing the securities offered solely for
their own account, that they have been informed that all of the securities
purchased are unregistered, restricted securities, subject to stop-transfer
instructions and that certificates representing their purchased securities
bear, and will bear, legends, stating that the securities are not registered
under the Act, and referring to applicable restrictions imposed upon their
subsequent transferability and sale

16

---



Parkview
has issued 106,000 shares of Common Stock to date in this private placement, at
$ .50 per share, for total proceeds in the current amount of $53,000, to the
following investors:

|                                     |  |                   |  |                  |   |        | 
|------------------------------------ |  | ----------------- |  | ---------------- | - | ------ | 
|Name
 of Investor                    |  | Number
 of Shares |  | Amount
 Invested |  
|                                     |  |                   |  |                  |  
|Arturo Freeman                       |  | 2,000             |  |                  | $ | 1,000  | 
|Howard Kelrick                       |  | 10,000            |  |                  | $ | 5,000  | 
|Alan Stieb and Rochelle
 Adler-Steib |  | 20,000            |  |                  | $ | 10,000 | 
|Mark Robson                          |  | 1,000             |  |                  | $ | 500    | 
|John Kemp                            |  | 1,000             |  |                  | $ | 500    | 
|Andrew and Ellen Astrove             |  | 20,000            |  |                  | $ | 10,000 | 
|Alan Sarkin                          |  | 10,000            |  |                  | $ | 5,000  | 
|Alfred Schiffrin                     |  | 10,000            |  |                  | $ | 5,000  | 
|Judith and Mark Gaylinn              |  | 1,000             |  |                  | $ | 500    | 
|Robert Richards                      |  | 10,000            |  |                  | $ | 5,000  | 
|Justin Renert                        |  | 10,000            |  |                  | $ | 5,000  | 
|John Burt                            |  | 1,000             |  |                  | $ | 500    | 
|Michael Goldman and Denise
 Goldman  |  | 1,000             |  |                  | $ | 500    | 
|Terry and Sherri
 Klinghoffer        |  | 2,000             |  |                  | $ | 1,000  | 
|Roslyn K. Malmaud                    |  | 1,000             |  |                  | $ | 500    | 
|Armen and Beth Guendjoian            |  | 1,000             |  |                  | $ | 500    | 
|Gregory J. Drew and Denise
 Morris   |  | 2,000             |  |                  | $ | 1,000  | 
|Diane S. Kennedy                     |  | 1,000             |  |                  | $ | 500    | 
|Lee V. Twyford                       |  | 2,000             |  |                  | $ | 1,000  | 

|        |                                
|------- | -------------------------------
|Item 6. | Selected
 Financial Information

Not
Applicable.

|        |                                                                                       
|------- | --------------------------------------------------------------------------------------
|Item 7. | Managements
 Discussion and Analysis of Financial Condition and Results of Operations

Introduction

The
following discussion Managements Discussion and Analysis of Financial
Condition and Results of Operations contains forward looking statements. The
words anticipate, believe, expect, plan, intend, estimate, project,
will, could, may and similar expressions are intended to identify forward
looking statements. Such statements reflect our current views with respect to
future events and financial performance and involve risks and uncertainties.
Should one or more risks or uncertainties occur, or should underlying
assumptions prove incorrect, actual results may vary materially and adversely
from those anticipated, believed, expected, planned, intended, estimated,
projected or otherwise indicated. We caution you not to place undue reliance on
these forward looking statements, which we have made as of the date of this
Annual Report on Form 10-K.

The
following is qualified by reference to, and should be read in conjunction with
our audited financial statements (Financial
Statements), and the notes thereto, included elsewhere in this Form
10-K, as well as the discussion hereunder Managements Discussion and Analysis
of Financial Condition and Results of Operations.

17

---



Overview

Parkview
commenced operations in April 1999. Due to its failure to generate any revenues
from operations since December 2006 it has been in the development stage since
January 1, 2007. Its single three (3) year sales and marketing assistance
contractual relationship, currently nearing expiration of the first contract
year, has yet to produce any revenue to the Company. Current operations efforts
have not yet generated revenues and further planned operations involving
distressed asset activities have not started. Since January 2007, the Company
has focused most of its time and efforts in planning, raising capital,
developing marketing strategies, and exploring potential commercial
opportunities.

Parkview
currently has only one (1) services agreement in effect with an unrelated
party, Office Furniture Warehouse, Inc., and has no employees other than its
president, Richard B. Frost, its executive vice-president, Mark J. Hanna, its
vice president, Rebecca A. Lozano and its secretary and treasurer, Bert L.
Gusrae, each of whom currently is unsalaried. We do not anticipate an ability
to hire additional employees during the next twelve (12) months, or until such
earlier time that our business activity may require and permit.

The
Company is currently seeking to secure revenue producing customer relationships
through the use of direct solicitation and networking efforts by its officers
and plans to place advertising in trade publications and directories, to be
identified and determined by management. Consideration is being given as well,
to the possible creation of a Parkview website describing the Companys service
offerings and soliciting consulting assignments. During the next twelve (12)
months Parkview also intends to continue to strive to serve its current client
coincident with its efforts to secure other, hopefully significant, revenue
producing customer relationships,

Parkview
might also consider other means of expanding its businesses in the future, such
as through joint ventures or strategic business alliances. The
Company anticipates that it may eventually have one or more opportunities to
enter into joint ventures or strategic alliances with an entity or entities
engaged in, or proposing to engage in, businesses that are, or will be seen by
the Company as, compatible or complementary to its operations or its expected
operations. There are currently no such opportunities or specific possibilities
known to, or under consideration by, the Company. While there are no current plans to engage in those activities, that
sort of transaction, if any, might entail the issuance of additional shares of
Parkviews Common Stock or other securities. Should the Company engage in joint
ventures or strategic business alliances in the future that do require dilutive
issuance of additional shares of its Common Stock or the issuance of other
securities, they will be made in compliance with applicable Federal and state
securities laws and governing provisions of Delaware corporate law. Depending
upon the structure of a given joint venture or strategic alliance, submission
of information to shareholders regarding a proposed specific venture or
alliance, or shareholder approval of it, may not be required. The Company
currently has no specific plans for expansion through joint venture
arrangements or entry into strategic business alliances.

Results of Operations

Parkview
had no revenues in fiscal 2007 and 2008. In 2007 the Company had expenses of
approximately $9,072, but realized a net profit of approximately $9,346
attributable to its liquidation of investment securities contributed to the
Company by prior management as paid-in capital and not derived from operations.

18

---



In
the fiscal year ended December 31, 2008, the Company had no revenues from
operations, expenses of approximately $43,502; and a net (loss) in the amount
of approximately $(43,624). The increase in the Companys 2008 expenses, in
comparison to its 2007 expenses, $43,502 versus $9,072, was entirely
attributable to costs and professional fees incurred for auditing and legal
services, primarily in connection with our preparation and filing of a
Registration Statement on Form 10 with the U.S Securities and Exchange
Commission on November 12, 2008.

In
sum, from January 2007 to December 2008, the Company had no revenue producing
operations, having met its expenses during that two (2) year period ($52,574)
through liquidation of investment securities contributed to the Company as
paid-in capital, and through use of the proceeds of private placement sales of
its restricted Common Stock.

From
a longer term viewpoint, the Companys revenues from consulting operations
(unaudited) have trended downward, from fiscal 2003 at approximately $85,502,
to fiscal 2004 at approximately $63,616, to fiscal 2005 at approximately
$48,000, to fiscal 2006 at approximately $19,000, to fiscal 2007 (audited) at
$-0-, and to fiscal 2008 (audited), also at $-0-. Current management believes
that the Companys revenues over that term of years diminished, beginning
during the Third Quarter of 2004, when the then management of the Company
developed additional business interests that were unrelated to the Companys,
and thereafter spent its time and efforts pursuing those unrelated interests
and neglecting the Companys operations. As a direct result, revenues declined
through 2006. In an effort to reverse the adverse revenues trend, new
management was appointed in the First Quarter of 2007. Unfortunately, the
replacement management too failed to generate hoped for revenues, and it was
replaced with the Companys current management team beginning with Messrs.
Frost, Hanna and Gusrae, on May 20, 2008, and completed on October 31, 2008
with the appointment of Ms. Lozano..

Other
than the current efforts of its officers to secure revenue producing customer
relationships and engagements for its consulting services, the Company is not
presently aware of any other trends, events, or uncertainties that may cause
the negative revenues trend and its continuing lack of revenues or income to
improve. If successful, those management efforts will re-start the Companys
receipt of revenues from operations and begin a new, positive trend, ending the
more than twenty-six (26) months long hiatus since receipt of its last revenues
from consulting operations in 2006. There is no assurance however that those
efforts will be successful or that the negative trend in the Companys revenues
will not continue and if continued, will likely erode the Companys current,
poor financial condition. To date, there has been no material progress made in
expanding the Companys business model.

Liquidity and Capital Resources

Prior
to January 2007, Parkview financed its operations through revenues received
from management consulting services rendered and billed to clients. During its
two (2) fiscal years ended December 31, 2007 and 2008, the Company financed its
operations through the sale of investment securities contributed as additional
paid-in capital by prior management and through the use of proceeds from
private placement sales of its restricted Common Stock, in the absence of
revenue producing customer relationships. As of December 31, 2007 and December
31, 2008, Parkview had cash of $12,000 and $19,920, respectively. We are
exploring opportunities to raise cash to finance the Companys operations for
the foreseeable future. In addition, the Company may consider expansion through
joint ventures, partnerships or strategic alliances. No such business
arrangements or relationships are currently under consideration. If Parkview is
not successful in raising sufficient cash, it may be forced to borrow funds. No
assurance can be given that funds will be available to borrow, or if available,
will be available on terms favorable to Parkview.

19

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During
the period covered by this report, and since January 1, 2007, The Parkview
Group, Inc. conducted no revenue producing business operations and accordingly,
generated no revenues. Management is currently devoting its efforts to general
business planning, raising capital, and identifying, locating and developing
consulting business opportunities.

Our
long term lack of revenue producing operations raises questions about our
ability to continue as a going concern. Our financial statements have been
prepared using generally accepted accounting principles applicable to a going
concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business. Our ability to meet those
obligations and continue as a going concern is dependent upon us locating,
identifying and securing revenue producing customer relationships and raising
new capital through additional private placement of our securities. If we need
to raise funds beyond funds needed for normal operations, we may choose to sell
additional restricted Common Stock, diluting, in the process, the ownership
interests of our existing shareholders.

We
have not yet compensated our officers or directors for their services to the
Company. In the near term future, we may compensate them for their services by
issuing them restricted Common Stock in lieu of cash. Presently, there are no
arrangements or anticipated arrangements to pay any type of compensation to any
officer or director. Regardless of whether our cash assets prove to be
inadequate to meet our operational needs, we might also seek to compensate
providers of services by the issuance of restricted Common Stock in lieu of
cash.

|         |                                                                
|-------- | ---------------------------------------------------------------
|Item 7A. | Quantitative
 and Qualitative Disclosures Regarding Market Risk

Not
Applicable.

|        |                                             
|------- | --------------------------------------------
|Item 8. | Financial
 Statements and Supplementary Data

Our
Financial Statements are attached as Appendix A (following Exhibits) and
included as part of this Annual Report on Form 10-K.

|        |                                                                                      
|------- | -------------------------------------------------------------------------------------
|Item 9. | Changes
 in and Disagreements with Accountants on Accounting and Financial Disclosure

In
the Companys two (2) most recent fiscal years, neither the Company, nor anyone
on behalf of the Company, has consulted with the Companys independent
registered auditor, Thomas W. Klash, C.P.A., regarding either: (i) the
application of accounting principles to a specified completed or contemplated
transaction, or the type of audit opinion that might be rendered on the
Companys financial statements, and neither written nor oral advice was
provided that was an important factor considered by the Company in reaching a
decision as to the accounting, auditing or financial reporting issue; or (ii)
any matter that was the subject of a disagreement as defined in Item 304(a)(1)(iv)
of Regulation S-K and related instructions 4. and 5. to Item 304 of Regulation
S-K.

20

---



|         |                         
|-------- | ------------------------
|Item 9A. | Controls
 and Procedures

Evaluation of Disclosure Controls and Procedures

As
of the date this report is filed, an evaluation was performed under the
supervision, and with the participation, of the Companys principal executive
officer and and the Companys principal financial officer of the effectiveness
of the design and operation of the Companys disclosure controls and procedures
(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange
Act) as of the end of the period covered by this report. During the period
covered by this report, our Company was not subject to the reporting
requirements of the Exchange Act. In connection with our registration statement
on Form 10, initially filed on November 12, 2008 and amended on January 14,
2009 however, accounting work was completed, financial statements were
prepared, and audits were obtained. The evaluation confirmed to the Companys
principal executive officer and the Companys principal financial officer, as
of the end of the period covered by this report, that the design and operation
of the Companys disclosure controls and procedure are effective as of the date
of this report.

Managements Annual Report on Internal Control over Financial
Reporting

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

Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Therefore, even those systems determined to be
effective can provide only reasonable assurance of achieving their control
objectives.

Our
management, with the participation of the Companys principal executive officer
and principal financial officer, evaluated the effectiveness of our internal
control over financial reporting as of the last day of the period covered by
this report. In making this assessment, our management considered the lack of
revenue producing operations and revenues, the cash on hand, the limited
transactions which occur on a monthly basis, and the fact that because we have
only four part-time officers, three of whom are members of the Companys board
of directors, the Company is not effectively able to segregate or delegate
duties. Based on this evaluation, our management, with the participation of the
Companys principal executive officer and principal financial officer,
concluded nevertheless that, as of the last day of the period covered by this
report, the Companys internal controls have no material inherent weakness
which may increase the risks of errors in financial reporting under current
operations.

Once
we achieve a sufficient flow of revenues from operations moreover, the Company
expects to adopt an independent audit committee, which should enable the
Companys principal executive officers and financial officers to continue to
maintain our Company current pursuant to the Exchange Act and provide our
Company with enhanced design and operation of disclosure controls and
procedure.

Changes in Internal Control over Financial Reporting

There
have been no changes in internal control over financial reporting.

21

---



|         |                   
|-------- | ------------------
|Item 9B. | Other
 Information

Not
Applicable

PART III

|         |                                                           
|-------- | ----------------------------------------------------------
|ITEM 10. | Directors
 and Executive Officers and Corporate Governance

Identity of directors and executive officers during
the period covered by this report.

The
following table sets forth the full name, principal occupation or employment,
five-year employment history and certain other information concerning the
Companys directors and executive officers during the period covered by this
report.

|                  |  |     |  |                                       
|----------------- |  | --- |  | --------------------------------------
|NAME              |  | AGE |  | POSITION                              
|                  |  |     |  |                                       
|Richard B. Frost  |  | 60  |  | President, CEO, and
 Chairman         
|Mark J. Hanna     |  | 61  |  | Executive Vice-President
 and Director
|Bert L Gusrae     |  | 72  |  | Secretary-Treasurer and
 Director     
|Rebecca A. Lozano |  | 44  |  | Vice President                        

Richard B. Frostis our Chief Executive
Officer, President, and Chairman of the Board of Directors. In addition, since
2007, Mr. Frost has been Vice-President of Corporate Development of Adamis
Laboratories, Inc., a private specialty pharmaceutical company that acquires
and develops branded drugs and markets such drugs to the allergy and
respiratory markets. Previously, from 2003 to 2007, Mr. Frost was Chairman of
the Board of Aero Pharmaceuticals, Inc., a private pharmaceutical company. In
1996 Mr. Frost became Chairman of the Board of Directors and Chief Executive
Officer of Frost Hanna Capital Group, Inc. (Frost Hanna Capital). In 1999,
Frost Hanna Capital acquired Gaines Berland, Inc., which subsequently merged
with Ladenburg Thalmann Financial Group, Inc., a broker-dealer member firm of
the New York Stock Exchange and the Financial Industry Regulation Authority. In
addition, from 1996 to 1998, Mr. Frost served as a director of Continucare
Corp., a public company engaged in managed healthcare, and listed on the
American Stock Exchange.

Bert L. Gusraeis the Companys Secretary,
Treasurer and a Director. Mr. Gusrae is an attorney, and has been of counsel to
the law firms of Gusrae, Kaplan, Bruno & Nusbaum, PLLC (from 1991 to the
present), and David A. Carter, P.A. (from 1992 until December 2005).

Mark J. Hannais our Executive
Vice-President and a Director. In addition, from 2002 to the present, Mr. Hanna
has been a licensed realtor and owner of Hollywood Realty, Inc., a private
company engaged in the real estate industry. Moreover, Mr. Hanna has been a
mediator certified by the Supreme Court of the State of Florida since 2006. In
1996 Mr. Hanna became the President and a Director of Frost Hanna Capital Group,
Inc. (Frost Hanna Capital). In 1999, Frost Hanna Capital acquired Gaines
Berland, Inc., which subsequently merged with Ladenburg Thalmann Financial
Group, Inc., a broker-dealer member firm of the New York Stock Exchange and the
Financial Industry Regulation Authority. In addition, from 1996 to 1998, Mr.
Hanna served as a Director of Continucare Corp., a public company engaged in
managed healthcare, and listed on the American Stock Exchange.

22

---



Rebecca A. Lozanois our Vice President for
Shareholder Relations. In addition, following her retirement in June of 2007 as
Vice President-Private Banker with Colonial Bank in Weston, Florida, Ms. Lozano has been associated
with Wolf Realty Corp. in Palm Beach County, Florida. From 1998 through June of
2007, Ms. Lozano was employed by several South Florida commercial banks in
management positions of increasing responsibility, primarily in connection with
the banks generation and maintenance of revenue from new and existing banking
customers. Ms Lozano holds the Bachelor of Arts degree in International
Relations, with a minor in Economics, from the University of Wisconsin in
Milwaukee, Wisconsin (1990) and the FINRA Series 6 and 63 broker registrations-
Variable Securities Contracts, Multi-State. She is also a licensed Florida Life
Insurance and Mortgage Broker.

Each
of the above named individuals has been associated with Parkview in the
capacities indicated, in the case of Messrs. Frost, Hanna and Gusrae, since May
20, 2008, and in the case of Ms. Lozano, since October 31, 2008, and will
continue to serve until their respective successors are elected and qualified.

Parkviews officers and directors are owners, principals and/or affiliates of
other businesses that may engage in businesses substantially similar to or
competitive with the business activities that Parkview may approach in the
future. None of Parkviews officers or directors has agreed to refrain from
engaging in business activities competitive with Parkview or to grant Parkview
any rights of first refusal with respect thereto, and Parkview has agreed to
accept any resulting potential conflicts of interest.

Audit Committee

During
the period covered by this report, the Company did not have a separately designated
standing audit committee in place; instead, the Companys entire board of
directors served in that capacity. This was due to the small number of
part-time directors (3) and executive officers (4) of the Company.

Section 16(a) Beneficial Ownership Reporting
Compliance

To
the best of our knowledge, no officer, director and/or beneficial owner of more
than ten (10%) percent of our Common Stock, has been required or failed to file
requisite reports as required by Section 16(a) of the Exchange Act during the
period covered by this Annual Report on Form 10-K.

Code of Ethics

During
the period covered by this report, the Company did not have a code of ethics
for its principal executive officer, principal financial officer or any other
position due to the small number of executive officers involved with the
Company.

Family Relationships

Not Applicable

Certain Legal Proceedings

Not
Applicable

23

---



|         |                         
|-------- | ------------------------
|Item 11. | Executive
 Compensation.

To
date, Parkview has not paid any compensation to its officer employees or
directors, but expects to pay reasonable compensation, as its businesses
develop, to the extent that it is able to do so. Parkview has no incentive or
stock option plans, and no employment agreements.

SUMMARY COMPENSATION TABLE

|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|----------------------------------------------------------- | ---- | ---- | --- | ----------- | --- | ---------- | --- | ----------- | --- | ---------------------- | --- | --------------------------------------------- | --- | ------------------ | --- | -------------------- | 
|Name
 and
 Principal Position                               |      | Year |     | Salary
 ($) |     | Bonus
 ($) |     | Awards
 ($) |     | Non-EquityIncentive($) |     | Non-QualifiedDeferred AllOtherCompensation($) |     | Other
 Earnings($) |     | TotalCompensation($) | 
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|                                                           
|Alicia M. LaSala(Former CEO and President) (1)              |      | 2008 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 
|                                                            | 2007 |      | -0- |             | -0- |            | -0- |             | N/A |                        | N/A |                                               | N/A |                    | -0- |                     
|                                                            | 2006 |      | -0- |             | -0- |            | -0- |             | N/A |                        | N/A |                                               | N/A |                    | -0- |                     
|                                                            | 2005 |      | -0- |             | -0- |            | -0- |             | N/A |                        | N/A |                                               | N/A |                    | -0- |                     
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|C. Leo Smith(Former CEO and President) (1)                  |      | 2007 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 
|                                                            | 2006 |      | -0- |             | -0- |            | -0- |             | N/A |                        | N/A |                                               | N/A |                    | -0- |                     
|                                                            | 2005 |      | -0- |             | -0- |            | -0- |             | N/A |                        | N/A |                                               | N/A |                    | -0- |                     
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|Bert L. GusraePrincipal financial officer and Secretary (2) |      | 2008 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|Richard B. FrostPresident (2)                               |      | 2008 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|Mark J. HannaExecutive Vice President (2)                   |      | 2008 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 
|                                                            |      |      |     |             |     |            |     |             |     |                        |     |                                               |     |                    |     |                      | 
|Rebecca A. LozanoVice President (3)                         |      | 2008 |     | -0-         |     | -0-        |     | -0-         |     | N/A                    |     | N/A                                           |     | N/A                |     | -0-                  | 

| |     |                                                                                                                                                                                                                                                                                                                 
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) | Ms. LaSala resigned as the
 sole officer and director of Parkview in February 2007, was re-appointed to
 the same positions upon the resignation of C. Leo Smith and resigned once
 again in May of 2008 with the appointment of the Companys current officers
 and directors, Messrs. Frost, Hanna and Gusrae.
| |     |                                                                                                                                                                                                                                                                                                                 
| | (2) | Messrs. Frost, Hanna and
 Gusrae assumed their respective officer positions on May 20, 2008.                                                                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                                                                 
| | (3) | Ms. Lozano
 assumed her officer position on October 31, 2008.                                                                                                                                                                                                                                                   

24

---



Employment Agreements

Parkview
has no employment agreements in force or effect. Its officers receive no salary
or other compensation for their respective services to the Company. The Company
expects to pay reasonable compensation to its officers for their respective
services as its businesses develop.

Employee Stock Compensation Plans

The
Company has no stock compensation arrangements or any qualified or
non-qualified employee stock option plans.

Compensation of Directors

Our
directors receive no salary or other compensation in their capacity as our
directors. No other arrangements are presently in place regarding compensation
to directors for their services as directors or for committee participation or
special assignments.

Employee Stock Option Plan

Not
Applicable

|         |                                                                                                 
|-------- | ------------------------------------------------------------------------------------------------
|Item 12. | Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder
 Matters

Security Ownership of Certain Beneficial Owners and
Management

The
following table sets forth information as of the date hereof, based on
information obtained from the persons named below, with respect to the
beneficial ownership of the Common Stock by (i) each person known by Parkview
to own beneficially five percent (5%) or more of the Common Stock, (ii) each
director and officer of Parkview, and (iii) all directors and officers as a
group. The number of shares of Common Stock owned are
those beneficially owned as determined under the rules of the Securities and
Exchange Commission, including any shares of Common Stock as to which a person
has sole or shared voting or investment power, and any shares of Common Stock
which the person has the right to acquire within sixty (60) days through the
exercise of any option, warrant, or right.

25

---



Notes

|                                                          |  |                                 |     |                              |      |   | 
|--------------------------------------------------------- |  | ------------------------------- | --- | ---------------------------- | ---- | - | 
|Name
 and Address of Beneficial Owner (4)                 |  | Shares
 of Common 
 Stock Owned |     | Percentage
 of
 Common Stock |     
|                                                          |  |                                 |     |                              |     
|                                                          |  |                                 |     |                              |      |   | 
|Richard B. Frost                                          |  | 350,000                         |     |                              | 24.6 | % | 
|Mark J. Hanna                                             |  | 250,000                         |     |                              | 17.6 | % | 
|Bert L. Gusrae                                            |  | 251,300                         | (3) |                              | 17.7 | % | 
|Rebecca Lozano                                            |  | 100,000                         |     |                              | 7.0  | % | 
|Alicia M. LaSala                                          |  | 352,000                         | (5) |                              | 24.8 | % | 
|                                                          |  |                                 |     |                              |      |   | 
|All officers and directors
 as a group (four [4] persons) |  | 951,300                         |     |                              | 66.9 | % | 

| |     |                                                                                                                                                       
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) | Beneficial ownership as
 reported in the table above has been determined in accordance with the
 Exchange Act.                                        
| |     |                                                                                                                                                       
| | (2) | Percentages are
 approximate based upon 1,421,200 issued and outstanding shares of Common
 Stock on March 16, 2009.                                   
| |     |                                                                                                                                                       
| | (3) | Includes 1,300 shares that
 Mr. Gusrae purchased for $.25 per share on April 4, 2007 that are jointly
 held with Mr. Gusraes wife, Wendy Tand Gusrae.
| |     |                                                                                                                                                       
| | (4) | The business addresses of
 the shareholders indicated are in each case the same as that of the Company.                                               
| |     |                                                                                                                                                       
| | (5) | Includes 1,000 shares
 owned by the Nicholas F. LaSala Trust and 1,000 shares owned by Ms. LaSalas
 spouse.                                          

We
are not aware of any arrangements that could result in a change of control.

Securities Authorized for Issuance under Equity Compensation
Plans

The
Company currently has no securities authorized for issuance under any equity
compensation plans.

|         |                                                 
|-------- | ------------------------------------------------
|Item 13. | Certain
 Relationships and Related Transactions.

Parkview
has not entered into any transactions during the last two (2) fiscal years with
any director, executive officer, director nominee, five percent (5%) or more
shareholder, or promoter, nor has Parkview entered into transactions with any
member of the immediate families of the foregoing persons (includes spouses,
parents, children, siblings, and in-laws), except as follows:

On
August 8, 2006 Parkview issued 1,500,000 shares of restricted Common Stock to
Laura Palisa Mujica in exchange for the sum of $1,500. Ms. Mujica is the mother
of C. Leo Smith, Parkviews former officer and director. While Mr. Smith
disclaimed beneficial interest in those shares, they were nevertheless deemed
to be beneficially owned by him. Parkview repurchased the shares from Ms.
Mujica on January 4, 2008, upon Mr. Smiths resignation as an officer and
director of the Company for the sum of $1500.

26

---



On
March 9, 2007 Parkview issued 1,000 shares of restricted Common Stock to C. Leo
Smith, while he was Parkviews officer and director for $250. Parkview
repurchased these shares from Mr. Smith for $250 on January 4, 2008, upon his
resignation as an officer and director of the Company.

On
March 9, 2007 Parkview issued 1,000 shares of restricted Common Stock to John
LaSala for $250. Mr. LaSala is the husband of Alicia M. LaSala, who holds more
than five percent (5%) of Parkviews issued and outstanding Common Stock. While
Mrs. LaSala disclaims any beneficial interest in Mr. LaSalas 1,000 shares,
they are nevertheless deemed to be beneficially owned by her.

On
April 4, 2007 Parkview issued 1,300 shares of restricted Common Stock for $325
to Bert L. Gusrae, an officer and director of Parkview, and Wendy Tand Gusrae,
Mr. Gusraes wife. The shares are jointly held by Mr. and Mrs. Gusrae and may
be deemed to be controlled by Mr. Gusrae.

On
May 4, 2007 Parkview issued 1,000 shares of restricted Common Stock to the
Nicholas F. LaSala Trust for $250. Mrs. Alicia M. LaSala holds more than five
(5%) of the Companys issued and outstanding Common Stock. Nicholas F. LaSala,
is the minor son of Mrs. LaSala and the beneficiary of the Nicholas F. LaSala
Trust. While Mrs. LaSala disclaims any beneficial interest in the trust shares
they may be deemed controlled by her.

On
August 6, 2007, Parkview issued 1,000 shares of restricted Common Stock to
Leroy A. Smith, MD for $250. Doctor Smith is the father of C. Leo Smith,
Parkviews former officer and director. Mr. Smith disclaimed any beneficial
interest in the shares. Parkview repurchased the shares from Dr. Smith for $250
on January 4, 2008, upon Mr. Smiths resignation as an officer and director of
the Company.

On
May 20, 2008 Parkviews then majority shareholder and sole officer and
director, Alicia M. LaSala, sold 400,000 shares, 300,000 shares, and 400,000
shares of her restricted Common Stock in Parkview to Richard B. Frost, Mark J.
Hanna, and Bert L. Gusrae, respectively, for $0.001 per share, or a total of
$1,100, in three (3) separate private transactions. The private transactions
were consummated in conjunction with Mrs. LaSalas resignation as an officer
and director of Parkview and the coordinated appointment of Messrs. Frost,
Hanna, and Gusrae as Parkviews new management.

On
October 31, 2008, Messrs. Frost and Hanna each transferred 50,000 shares of
their restricted Common Stock in Parkview to Rebecca A. Lozano, for $0.001 per
share, or a total of $100 in connection with Ms. Lozanos assumption of her
officer position with the Company.

On
November 5, 2008, the Company re-acquired 150,000 shares of the restricted
Common Stock previously issued to Mr. Gusrae and 50,000 shares of the
restricted Common Stock previously issued to Alicia M. LaSala, in each case for
$0.001 per share, or a total of $200.

27

---



In
each of these related transactions, the Company followed its informal unwritten
policy and procedure for review, approval and ratification of proposed certain
relationship transactions. The standard of review for approval and ratification
of a certain relationship transaction is reasonableness and consistency with
the needs of the Company, as discussed and subsequently determined by the Board
unanimously, and in its sole discretion, at the time the transaction is
proposed. In every case to date, the proposed transaction was reviewed by the
Companys Board of Directors when proposed, and received the Boards unanimous
written consent prior to consummation.

Director Independence

Parkview
has not selected a definition of a national securities exchange by which to
determine the independence of its directors, Messrs. Frost, Hanna and Gusrae.
None of the Companys directors is expected to be independent under the
definition of the NASDAQ Stock Exchange.

|         |                                        
|-------- | ---------------------------------------
|Item 14. | Principal
 Accountant Fees and Services

Audit Fees:

The Company incurred
aggregate fees and expenses from Thomas W. Klash, C.P.A. in the amount of
$8,700 for the audit of the Companys fiscal year ended December 31, 2008.
Thomas W. Klash, C.P.A. was appointed as the Companys independent registered
public accounting firm, beginning August 19, 2008 with the year ending December
31, 2006.

Tax Fees:

The Company did not incur
any tax fees from Thomas W. Klash, C.P.A. for the fiscal year ended December
31, 2008.

All Other Costs:

During the fiscal year ended
December 31, 2008, the Company incurred fees and expenses from Thomas W. Klash,
C.P.A. in the amount of $19,550 for services rendered in connection with the
examination of the Companys financial statements for calendar years 2006 and
2007 and response to the Form 10 SEC comment letter.

Audit Committee:

The services described above
for fiscal years ended December 31, 2006, 2007 and 2008 were approved by the
Companys Board of Directors pursuant to the Companys policies and procedures
in the absence of a formal Audit Committee.

28

---



PART IV

|         |                                             
|-------- | --------------------------------------------
|Item 15. | Exhibits
 and Financial Statement Schedules.

The
exhibits to this Annual Report on Form 10-K are listed on the accompanying
Index to Exhibits and are incorporated herein by reference or are filed as part
of this Annual Report on Form 10-K.

|            |  |                                                                                                                                                                                       | 
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|Number      |  | Description
 of Documents                                                                                                                                                            
|            |  |                                                                                                                                                                                      
|31.1        |  | Certification pursuant to
 Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 executed by
 the Principal Executive Officer of our Company                               
|            |  |                                                                                                                                                                                      
|31.2        |  | Certification pursuant to
 Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 executed by
 the Principal Financial Officer of our Company                               
|            |  |                                                                                                                                                                                      
|32.1        |  | Certification pursuant to
 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
 Sarbanes-Oxley Act of 2002, executed by the Principal Executive Officer of
 our Company
|            |  |                                                                                                                                                                                      
|32.2        |  | Certification pursuant to
 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
 Sarbanes-Oxley Act of 2002, executed by the Principal Financial Officer of
 our Company 
|            |  |                                                                                                                                                                                      
|APPENDIX
 A |  | Financial Statements                                                                                                                                                                 

29

---



SIGNATURES

Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

|               |     |     |                                       | 
|-------------- | --- | --- | ------------------------------------- | 
|               |     |     | THE
 PARKVIEW GROUP, INC.            
|               |     |     |                                      
|April 10, 2009 | By: | /s/ | Richard B. Frost                      | 
|               |     |     |                                       | 
|               |     |     | Richard B. Frost,
 President         
|               |     |     | (Principal Executive
 Officer)       
|               |     |     |                                      
|April 10, 2009 | By: | /s/ | Bert L. Gusrae                        | 
|               |     |     |                                       | 
|               |     |     | Bert L. Gusrae, Secretary,
 Treasurer
|               |     |     | (Principal Financial
 Officer)       

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

|               |     |                            | 
|-------------- | --- | -------------------------- | 
|April 10, 2009 | /s/ | Richard B. Frost           | 
|               |     |                            | 
|               |     | Richard B. Frost, Director | 
|               |     |                            | 
|April 10, 2009 | /s/ | Mark J. Hanna              | 
|               |     |                            | 
|               |     | Mark J. Hanna, Director    | 
|               |     |                            | 
|April 10, 2009 | /s/ | Bert L. Gusrae             | 
|               |     |                            | 
|               |     | Bert L. Gusrae, Director   | 

30

---



THE PARKVIEW GROUP, INC.AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2008 AND 2007



---



THE PARKVIEW GROUP, INC.
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2008 AND 2007

TABLE OF CONTENTS

|                                                         |  |      
|-------------------------------------------------------- |  | -----
|REPORT OF INDEPENDENT
 REGISTERED PUBLIC ACCOUNTING FIRM |  | F-1  
|                                                         |  |      
|CONSOLIDATED FINANCIAL STATEMENTS                        |  |      
|                                                         |  |      
|Balance Sheets                                           |  | F-2  
|                                                         |  |      
|Statements of
Operations                                 |  | F-3  
|                                                         |  |      
|Statements of
 Shareholders Equity                      |  | F-4  
|                                                         |  |      
|Statements of Cash
Flows                                 |  | F-5  
|                                                         |  |      
|Notes to Financial
 Statements                           |  | F-6-9



---



| |                                             
| | --------------------------------------------
| | THOMAS
 W. KLASHCertified
 Public Accountant

REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM

The Board of
Directors and Shareholders
The Parkview Group, Inc. and Subsidiary
(A Development Stage Company)
Boca Raton, Florida

I have audited
the accompanying Balance Sheets of The Parkview Group, Inc. and Subsidiary (A
Development Stage Company), as of December 31, 2008 and 2007, and the related
Statements of Operations, Shareholders Equity, and Cash Flows for each of the
two years ended December 31, 2008. These financial statements are the
responsibility of the Companys management. My responsibility is to express an
opinion on these financial statements based on my audits.

I conducted my
audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that I plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accompanying principles used
and significant estimates made by management, as well as evaluating the overall
financial statement presentation. I believe that my audits provided a
reasonable basis for my opinion.

In my opinion,
the consolidated financial statements referred to above present fairly, in all
material respects, the financial position of The Parkview Group, Inc. and
Subsidiary (A Development Stage Company), as of December 31, 2008 and 2007, and
the results of operations and its cash flows for each of the two years ended
December 31, 2008, in conformity with accounting principles generally accepted
in the United States of America.

The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note A to the financial
statements, the Company has suffered recurring losses from operations and has
no operating revenues. These factors raise substantial doubt about its ability
to continue as a going concern. Managements plans in regard to these matters
are also described in Note A. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

Thomas W.
Klash
Certified Public Accountant
Hollywood, Florida
January 12, 2009

1909 Tyler Street  Suite 603  Hollywood, Florida
33020 (954) 925-4900www.tklash.com

F-1

---



THE PARKVIEW GROUP, INC.
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2008 AND 2007

|                                                                                                                                        |  |      |         |      |   |         |  
|--------------------------------------------------------------------------------------------------------------------------------------- |  | ---- | ------- | ---- | - | ------- | -
|                                                                                                                                        |  |      |         |      |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  | 2008 |         | 2007 |  
|                                                                                                                                        |  |      |         |      |  
|ASSETS                                                                                                                                  |  |      |         |      |  
|CURRENT ASSETS:                                                                                                                         |  |      |         |      |   |         |  
|Cash                                                                                                                                    |  | $    | 19,920  |      | $ | 12,000  |  
|Investments in Marketable Equity
Securities                                                                                             |  |      |        |      |   | 47,500  |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                       
|TOTAL CURRENT ASSETS                                                                                                                    |  |      | 19,920  |      |   | 59,500  |  
|                                                                                                                                        |  |      |         |      |   |         |  
|PROPERTY AND EQUIPMENT
  Net of Allowance for Depreciation of $283                                                                     |  |      | 1,413   |      |   |        |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|TOTAL ASSETS                                                                                                                            |  | $    | 21,333  |      | $ | 59,500  |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|LIABILITIES AND SHAREHOLDERS
EQUITY                                                                                                    |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|CURRENT LIABILITIES:                                                                                                                    |  |      |         |      |   |         |  
|Accounts Payable                                                                                                                        |  | $    | 8,197   |      | $ |        |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|SHAREHOLDERS EQUITY:                                                                                                                   |  |      |         |      |   |         |  
|Common Stock - $.001 Par Value; 20,000,000
 Shares Authorized; Shares Issued and Outstanding - 1,421,200 in 2008 and
 3,017,200 in 2007 |  |      | 1,421   |      |   | 3,017   |  
|Additional Paid-In Capital                                                                                                              |  |      | 89,639  |      |   | 90,783  |  
|(Deficit) Accumulated Prior to Development
 Stage                                                                                       |  |      | (43,646 | )    |   | (43,646 | )
|(Deficit) Accumulated During the
 Development Stage                                                                                     |  |      | (34,278 | )    |   | 9,346   |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|TOTAL SHAREHOLDERS EQUITY                                                                                                              |  |      | 13,136  |      |   | 59,500  |  
|                                                                                                                                        |  |      |         |      |   |         |  
|                                                                                                                                        |  |      |         |      |   |         |  
|TOTAL LIABILITIES AND SHAREHOLDERS EQUITY                                                                                              |  | $    | 21,333  |      | $ | 59,500  |  
|                                                                                                                                        |  |      |         |      |   |         |  

See accompanying notes to financial statements.

F-2

---



THE PARKVIEW GROUP, INC. 
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED STATEMENTS OF OPERATIONS
DECEMBER 31, 2008 AND 2007

|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|------------------------------------------------------------------------- |  | ---- | --------- | ---- | - | --------------------------------------------------------- | - | - | --------- | -
|                                                                          |  | 2008 |           | 2007 |   | Development Stage
 January 1, 2007
 to
 December 31, 2008 |  
|                                                                          |  |      |           |      |   |                                                           |  
|                                                                          |  |      |           |      |   |                                                           |  
|REVENUES                                                                  |  | $    |          |      | $ |                                                          |   | $ |          |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|GENERAL AND ADMINISTRATIVE EXPENSES                                       |  |      | 43,502    |      |   | 9,072                                                     |   |   | 52,574    |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|REALIZED AND UNREALIZED GAINS AND (LOSSES)
 ON INVESTMENTS                |  |      | (122      | )    |   | 18,418                                                    |   |   | 18,296    |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|INCOME (LOSS) BEFORE TAXES                                                |  |      | (43,624   | )    |   | 9,346                                                     |   |   | 34,278    |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|PROVISION FOR INCOME TAXES                                                |  |      |          |      |   | (1,600                                                    | ) |   | (1,600    | )
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|TAX BENEFIT OF NET OPERATING LOSS
 CARRYFORWARD                           |  |      |          |      |   | 1,600                                                     |   |   | 1,600     |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|NET INCOME (LOSS)                                                         |  | $    | (43,624   | )    | $ | 9,346                                                     |   | $ | (34,278   | )
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|NET INCOME (LOSS) PER SHARE:                                              |  |      |           |      |   |                                                           |   |   |           |  
|Basic and Diluted                                                         |  | $    | (.03      | )    | $ |                                                          |   | $ | (.02      | )
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES
 OUTSTANDING  BASIC AND DILUTED |  |      | 1,539,014 |      |   | 3,006,975                                                 |   |   | 2,272,548 |  
|                                                                          |  |      |           |      |   |                                                           |   |   |           |  

See accompanying notes to financial
statements.

F-3

---



THE PARKVIEW GROUP, INC.
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY
YEARS ENDED DECEMBER 31, 2008 AND 2007

|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|--------------------------- |  | ----------------------------- | ---------- | ---------------------------- | - | ---------------------------- | - | - | ------- | - | - | ------- | - | - | ------- | - | - | ------- | -
|                            |  | COMMON STOCK
 $.001 PAR VALUE |            | ADDITIONAL
 PAID IN
 CAPITAL |   | RETAINED EARNINGS
 (DEFICIT) |   |   |        
|                            |  |                               |            |                              |   |                             
|                            |  |                               |            | PRIOR TO
 DEVELOPMENT
 STAGE |   | DURING
 DEVELOPMENT
 STAGE   |   |   |        
|                            |  |                               |            |                              |   | TOTAL                        |  
|                            |  |                               |            |                              |   |                             
|                            |  | SHARES                        |            | AMOUNT                       |   |                              |   |   |        
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |  
|BALANCE  January 1, 2007   |  |                               | 3,000,000  |                              | $ | 3,000                        |   | $ | 86,500  |   | $ | (43,646 | ) | $ |        |   | $ | 45,854  |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|ISSUANCE OF COMMON STOCK    |  |                               | 17,200     |                              |   | 17                           |   |   | 4,283   |   |   |         |   |   |         |   |   | 4,300   |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|NET INCOME FOR THE PERIOD   |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   | 9,346   |   |   | 9,346   |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|                           
|BALANCE  December 31, 2007 |  |                               | 3,017,200  |                              |   | 3,017                        |   |   | 90,783  |   |   | (43,646 | ) |   | 9,346   |   |   | 59,500  |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|ISSUANCE OF COMMON STOCK    |  |                               | 106,000    |                              |   | 106                          |   |   | 52,894  |   |   |        |   |   |        |   |   | 53,000  |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|COMMON STOCK REPURCHASED    |  |                               | (1,702,000 | )                            |   | (1,702                       | ) |   | (498    | ) |   |        |   |   |        |   |   | (2,200  | )
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|DIVIDENDS DECLARED          |  |                               |           |                              |   |                             |   |   | (53,540 | ) |   |        |   |   |        |   |   | (53,540 | )
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|NET LOSS                    |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   | (43,624 | ) |   | (43,624 | )
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  
|BALANCE  December 31, 2008 |  |                               | 1,421,200  |                              | $ | 1,421                        |   | $ | 89,639  |   | $ | (43,646 | ) | $ | (34,278 | ) | $ | 13,136  |  
|                            |  |                               |            |                              |   |                              |   |   |         |   |   |         |   |   |         |   |   |         |  

See accompanying notes to financial
statements.

F-4

---



THE PARKVIEW GROUP, INC.
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2008 AND 2007

|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|-------------------------------------------------------------------------------- |  | ---- | ------- | ---- | - | --------------------------------------------------------- | - | - | ------- | -
|                                                                                 |  | 2008 |         | 2007 |   | Development Stage
 January 1, 2007
 to
 December 31, 2008 |  
|                                                                                 |  |      |         |      |   |                                                           |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                            |  |      |         |      |   |                                                           |   |   |         |  
|Net Income (Loss)                                                                |  | $    | (43,624 | )    | $ | 9,346                                                     |   | $ | (34,278 | )
|Adjustments to Reconcile Net (Loss) to Net
 Cash (Used) by Operating Activities: |  |      |         |      |   |                                                           |   |   |         |  
|Depreciation                                                                     |  |      | 283     |      |   |                                                          |   |   | 283     |  
|Realized and Unrealized Loss (Gain) on
 Investment in Marketable Securities      |  |      | 122     |      |   | (18,418                                                   | ) |   | (18,296 | )
|Changes in Operating Assets and
 Liabilities:                                    |  |      |         |      |   |                                                           |   |   |         |  
|Accounts Payable                                                                 |  |      | 8,197   |      |   |                                                          |   |   | 8,197   |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|NET CASH (USED) BY OPERATING
ACTIVITIES                                          |  |      | (35,022 | )    |   | (9,072                                                    | ) |   | (44,094 | )
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                            |  |      |         |      |   |                                                           |   |   |         |  
|Proceeds from Stock Issuance                                                     |  |      | 53,000  |      |   | 4,300                                                     |   |   | 57,300  |  
|Dividends Paid                                                                   |  |      | (540    | )    |   |                                                          |   |   | (540    | )
|Stock Repurchases                                                                |  |      | (2,200  | )    |   |                                                          |   |   | (2,200  | )
|Proceeds from Sales of Marketable
 Securities                                    |  |      | 47,378  |      |   | 16,018                                                    |   |   | 63,396  |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|NET CASH PROVIDED BY FINANCING
ACTIVITIES                                        |  |      | 97,638  |      |   | 20,318                                                    |   |   | 117,956 |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|CASH FLOWS FROM INVESTING ACTIVITIES:                                            |  |      |         |      |   |                                                           |   |   |         |  
|Loans to Shareholders                                                            |  |      | (53,000 | )    |   |                                                          |   |   | (53,000 | )
|Property and Equipment Purchases                                                 |  |      | (1,696  | )    |   |                                                          |   |   | (1,696  | )
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|NET CASH (USED) BY INVESTING
ACTIVITIES                                          |  |      | (54,696 | )    |   |                                                          |   |   | (54,696 | )
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|NET INCREASE IN CASH                                                             |  |      | 7,920   |      |   | 11,246                                                    |   |   | 19,166  |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|CASH  Beginning
 of Period                                                      |  |      | 12,000  |      |   | 754                                                       |   |   | 754     |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|CASH  End of
 Period                                                            |  | $    | 19,920  |      | $ | 12,000                                                    |   | $ | 19,920  |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|SUPPLEMENTAL CASH FLOW INFORMATION:                                              |  |      |         |      |   |                                                           |   |   |         |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|Interest Paid                                                                    |  | $    |        |      | $ |                                                          |   | $ |        |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  
|Taxes Paid                                                                       |  | $    |        |      | $ |                                                          |   | $ |        |  
|                                                                                 |  |      |         |      |   |                                                           |   |   |         |  

See accompanying notes to financial
statements.

F-5

---



THE PARKVIEW GROUP, INC.
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)NOTES TO FINANCIAL STATEMENTS

|       |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|------ | ---------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE A | BUSINESS AND ACCOUNTING POLICIES 
|      
|       | Business:                         
|       |                                    | The Parkview
 Group, Inc. (Parkview) was incorporated as a privately held corporation in
 the State of Delaware on April 7, 1999. The Company conducts its management
 consulting business from its office located in Boca Raton, Florida.                                                                                                                                                                                                                                                                                                                                                                                                                              
|       |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       |                                    | Effective
 January 1, 2007, in addition to its consulting business, management decided
 to devote substantial efforts to raising capital through the sale of common
 stock to provide funding for activities, including those connected with its
 newly adopted line of business (marketing of assets acquired from financially
 distressed companies) and, accordingly, Parkview is now classified as a
 development stage company.                                                                                                                                                                                                                                    
|       |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       | Basis of Consolidation:           
|       |                                    | The
 accompanying financial statements include the accounts of the Company and its
 recently created wholly owned subsidiary, Distressed Assets Disposition
 Services, Inc. All inter-company balances and transactions have been
 eliminated in consolidation.                                                                                                                                                                                                                                                                                                                                                                                                           
|       |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       | Going Concern:                    
|       |                                    | The Company
 has suffered recurring losses from operations and has no operating revenues
 in the two years ended December 31, 2008, and has an accumulated deficit.
 These factors raise substantial doubt about the Companys ability to continue
 as a going concern. Management is presently seeking acceptable consulting
 engagements, implementing its newly adopted business plan of marketing assets
 for financially distressed companies and raising capital through private
 equity investments. The accompanying financial statements have been prepared
 on the basis of a going concern, and do not reflect any adjustments from an
 alternative assumption.
|       |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       | Estimates:                        
|       |                                    | The
 presentation of financial statements in conformity with accounting principles
 generally accepted in the United States of America requires management to
 make estimates and assumptions that affect the reported amount of assets and
 liabilities and disclosure of contingent assets and liabilities at the date
 of the financial statements and the reported amount of revenues and expenses
 during the period. Actual results may differ from the estimates and
 assumptions used in preparing the financial statements.                                                                                                                                      

F-6

---



THE PARKVIEW GROUP, INC. 
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|------ | ------------------------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE A | BUSINESS AND ACCOUNTING POLICIES  (continued) -
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | Marketable Securities:                          
|       |                                                  | Investments
 in marketable equity securities were included in current assets, classified
 as trading securities and reported at fair value based on quoted market
 prices in 2007. Unrealized gains and losses are recorded net in the
 statements of operations and reflect changes in the fair value of the
 investment during the period. Realized gains and losses resulting from the
 sale of the underlying securities are netted with unrealized gains and losses
 in the accompanying statements of operations.                                                                                 
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | Property and Equipment:                         
|       |                                                  | Property and
 equipment is stated at cost less accumulated depreciation. Depreciation is
 accounted for on the straight line method based on estimated useful lives of
 the respective assets.                                                                                                                                                                                                                                                                                                                                                                                                          
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | Fair Values of Financial Instruments:           
|       |                                                  | The carrying
 amounts of the Companys financial instruments at December 31, 2008 and 2007,
 approximate fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | Income Taxes:                                   
|       |                                                  | Income taxes
 are determined based upon income and expenses recorded for financial
 reporting purposes. Deferred taxes are recorded for estimated future tax effects
 of differences between the bases of assets and liabilities for financial
 reporting and income tax purposes giving consideration to enacted tax laws.
 If available, evidence suggests that it is more likely than not that some
 portion or all of the deferred tax assets will not be realized, a valuation
 allowance is required to reduce the deferred tax assets to the amount that is
 more likely than not to be realized.
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | Earnings Per Share:                             
|       |                                                  | Basic
 earnings (loss) per share are computed by dividing income (loss) available to
 common shareholders by the weighted average number of shares outstanding
 during the period. Diluted earnings (loss) per share are similar to basic
 earnings (loss) per share except that the denominator is increased to include
 the number of additional common shares that would have been outstanding if
 potentially dilutive common shares had been issued. There were no potentially
 dilutive common shares outstanding during the periods presented.                                                   
|       |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|NOTE B | INVESTMENTS IN MARKETABLE EQUITY SECURITIES    
|       |                                                 
|       |                                                  | Marketable
 equity securities are classified as trading securities. Unrealized losses,
 measured as the difference between original cost and fair value amounted to
 $11,500 in 2007, are reflected in the accompanying financial statements.                                                                                                                                                                                                                                                                                                                                                           

F-7

---



THE PARKVIEW GROUP, INC. 
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

|       |                                                                                                                                                                                                                                                                                                                                                       
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE C | INCOME TAXES                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                       
|       | As of
 December 31, 2008, the Company has a net operating loss carryforward of
 approximately $64,000, which may be carried forward through the year 2028, to
 offset future taxable income. In addition, the Company has a net capital loss
 carryforward, of approximately $23,000, available to offset future capital
 gains through the year 2013.
|       |                                                                                                                                                                                                                                                                                                                                                       
|       | Significant
 components of the Companys net deferred tax assets and liabilities, computed
 at approximately 20%, are as follows:                                                                                                                                                                                                                     

|                                |  |      |         |      |   |        |  
|------------------------------- |  | ---- | ------- | ---- | - | ------ | -
|                                |  | 2008 |         | 2007 |  
|                                |  |      |         |      |  
|Deferred Tax Assets:            |  |      |         |      |   |        |  
|Net operating loss carryforward |  | $    | 12,800  |      | $ | 4,000  |  
|Capital loss carryforward       |  |      | 4,600   |      |   | 2,000  |  
|                                |  |      |         |      |   |        |  
|                                |  |      | 17,400  |      |   | 6,000  |  
|                                |  |      |         |      |   |        |  
|Deferred Tax Liabilities:       |  |      |         |      |   |        |  
|Unrealized gain on investments  |  |      |        |      |   | (6,000 | )
|                                |  |      |         |      |   |        |  
|Valuation Allowance             |  |      | (17,400 | )    |   |       |  
|                                |  |      |         |      |   |        |  
|                                |  |      |         |      |   |        |  
|NET DEFERRED TAX ASSETS         |  | $    |        |      | $ |       |  
|                                |  |      |         |      |   |        |  

| |                                                                                                                                                                                                                    
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The
 valuation allowance changed during the two years ended December 31, 2008
 resulting from changes in the loss carryforwards and unrealized gain and
 losses on investments in marketable securities as follows:

|                                                    |  |      |        |      |   |         |  
|--------------------------------------------------- |  | ---- | ------ | ---- | - | ------- | -
|                                                    |  | 2008 |        | 2007 |  
|                                                    |  |      |        |      |  
|                                                    |  |      |        |      |   |         |  
|Valuation
 Allowance - January 1                    |  | $    |       |      | $ | 15,000  |  
|                                                    |  |      |        |      |   |         |  
|Increase
 (decrease) relating to timing differences |  |      | 17,400 |      |   | (15,000 | )
|                                                    |  |      |        |      |   |         |  
|                                                    |  |      |        |      |   |         |  
|Valuation
 Allowance  December 31                  |  | $    | 17,400 |      | $ |        |  
|                                                    |  |      |        |      |   |         |  

| |                                                                                  
| | ---------------------------------------------------------------------------------
| | The income
 tax provision relating to earnings (loss) consisted of the following:

|                                                         |  |      |        |      |   |        |  
|-------------------------------------------------------- |  | ---- | ------ | ---- | - | ------ | -
|                                                         |  | 2008 |        | 2007 |  
|                                                         |  |      |        |      |  
|Continuing Operations:                                   |  |      |        |      |   |        |  
|Federal income tax expense (benefit) at
 statutory rates |  | $    | (6,500 | )    | $ | 1,400  |  
|State income tax expense (benefit)                       |  |      | (2,200 | )    |   | 200    |  
|                                                         |  |      |        |      |   |        |  
|                                                         |  |      | (8,700 | )    |   | 1,600  |  
|Tax benefit of net operating loss                        |  |      |       |      |   | (1,600 | )
|Valuation allowance                                      |  |      | 8,700  |      |   |       |  
|                                                         |  |      |        |      |   |        |  
|                                                         |  |      |        |      |   |        |  
|NET TAX PROVISION                                        |  | $    |       |      | $ |       |  
|                                                         |  |      |        |      |   |        |  

F-8

---



THE PARKVIEW GROUP, INC. 
AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

|       |                              |                                                                                                                                                                                                                                                         
|------ | ---------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE D | SHAREHOLDERS EQUITY       
|       |                             
|       | Initial Private Placement:  
|       |                              | In August
 2007, the Company completed a private placement of 17,200 restricted shares
 of common stock at $.25 per share to individual investors.                                                                                                      
|       |                              |                                                                                                                                                                                                                                                         
|       | Second Private Placement:   
|       |                              | In June
 2008, the Company commenced a second private placement of 250,000 shares of
 its restricted common stock at $.50 per share. Through December 31, 2008, a
 total of 106,000 shares of common stock have been purchased by individual
 investors.
|       |                              |                                                                                                                                                                                                                                                         
|       | Stock Repurchase:           
|       |                              | During 2008,
 the Company purchased and cancelled 1,702,000 shares of common stock for
 $2,200 from officers and related family members.                                                                                                                
|       |                              |                                                                                                                                                                                                                                                         
|       | Dividend Payment:           
|       |                              | In May 2008,
 the Board of Directors declared a dividend of $.0355 per share to
 shareholders of record on May 15, 2008. In lieu of cash, the Company
 cancelled a $53,000 loan receivable from a principal shareholder.                                
|       |                              |                                                                                                                                                                                                                                                         
|       |                              | The Company
 does not anticipate paying dividends in the future.                                                                                                                                                                                        
|       |                              |                                                                                                                                                                                                                                                         
|NOTE E | RELATED PARTY TRANSACTIONS 
|       |                              |                                                                                                                                                                                                                                                         
|       | Consulting and Other Fees:  
|       |                              | Payments to
 shareholders for consulting and office administration expenses amounted to
 $1,240 and $2,429 in 2008 and 2007, respectively.                                                                                                              
|       |                              |                                                                                                                                                                                                                                                         
|       | Occupancy Costs:            
|       |                              | Office space
 is being provided to the Company by one of the shareholders at no cost. The
 accompanying financial statements do not contain an estimated expense
 relating to occupancy costs.                                                          

F-9

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