U.
S. Securities and Exchange Commission




Washington,
D. C. 20549




FORM
10-KSB




AMENDMENT
NO. 1




[X]
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF




1934




For the
fiscal year ended December 31, 2007




[    ]
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE




ACT
OF 1934




For the
transition period from _______________ to _______________




Commission
File No. 000-52524




MAP V ACQUISITION,
INC.




(Name
of small business issuer as in its charter)






DELAWARE
            43-2114545(State or other
      jurisdiction of
            (IRS Employer
      Identification No.)incorporation or
      organization)




43 West 33rdStreet, Suite
600


New York, NY
10001


(Address
of principal executive offices)





(212)
695-7850


(Issuer's
telephone number)





Copies
to:


Richard
Friedman, Esq.


Jonathan
R. Shechter, Esq.


Sichenzia
Ross Friedman Ference LLP


61
Broadway, 32nd
Floor


New York,
NY 10006


(212)
930-9700





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








Securities
Registered under Section 12(b) of the Exchange Act: None




Securities
Registered under Section 12(g) of the Exchange Act: Common Stock




Check
whether the issuer is not required to file reports pursuant to




Section
13 or 15(d) of the Exchange Act. [ ]




Check
whether the Issuer (1) filed all reports required to be filed by




Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.




_X_ Yes
___ No




Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X]




State
Issuer's revenues for its most recent fiscal year: $11,259.




As of
April 1, 2008, there were 40 shares of our common stock held by non-affiliates.
As of April 1, 2008, the registrant had outstanding 14,991,000 shares of its
Common Stock, par value $0.001.




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




DOCUMENTS
INCORPORATED BY REFERENCE




None




Transitional
Small Business Disclosure Format YES [   ] NO [X]












EXPLANATORY
NOTE




This
Amendment No. 1 on Form 10-KSB/A (‘‘Amendment No. 1’’) amends the Annual Report
for Map V Acquisition, Inc., filed on Form 10-KSB for the year ended December
31, 2007, as initially filed with the Securities and Exchange Commission on
April 15, 2008 (the ‘‘Original Report’’).  The purpose of this
Amendment No. 1 is to (i) amend the cover page; (ii) revise the Business
disclosure to reflect the acquisition of Vanity Holding Group, Inc.; and (iii)
correct certain other errors, including typographical errors and make certain
stylistic changes to the Original Report.  Also, included is a
currently dated Report of Independent Registered Public Accounting
Firm.  In addition, as required by Rule 12b-15 of the Securities
Exchange Act of 1934, as amended, new certifications by our principal executive
officer and principal financial officer are filed as exhibits to this Amendment
No. 1.





This
Amendment No. 1 is an amendment and restatement of the Original Report in its
entirety in order to provide a complete presentation. Except as stated herein,
this Amendment No. 1 does not reflect events occurring after the date of
the filing of the Original Report.














1




MAP
V ACQUISITION, INC.


2007
ANNUAL REPORT ON FORM 10-KSB/A


TABLE
OF CONTENTS




PART
      I.Item
      1.  Description of Business
            4Item
      2.  Description of Property
            6Item
      3.  Legal Proceedings
            6Item
      4.  Submission of Matters to a Vote of Security
    Holders
            6PART
      II.Item
      5.  Market for Common Equity and Related Stockholder
      Matters
            7Item
      6.  Management's Discussion and Analysis
            7Item
      7.  Financial Statements
            9Item
      8.  Changes In and Disagreements With Accountants on Accounting and
      Financial Disclosure
            10Item
      8A.  Controls and Procedures
            10PART
      III.Item
      9.  Directors, Executive Officers, Promoters and Control
      Persons;
              Compliance
      With Section 16(a) of the Exchange Act
            11Item
      10.  Executive Compensation
            12Item
      11.  Security Ownership of Certain Beneficial Owners
    andManagement
      and Related Stockholder Matters
            12Item
      12.  Certain Relationships and Related Transactions
            13Item
      13.  Exhibits and Reports
            13Item
      14.  Principal Accountant Fees and Services
            1415SignaturesCertifications




2




Forward
Looking Statements




This
report on Form 10-KSB/A and other reports we file from time to time with the
Securities and Exchange Commission (collectively the "Filings") contain or may
contain forward looking statements and information that are based upon beliefs
of, and information currently available to, our management as well as estimates
and assumptions made by our management. When used in the Filings the words
"anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the
negative of these terms and similar expressions as they relate to us or our
management identify forward looking statements. Such statements reflect our
current view with respect to future events and are subject to risks,
uncertainties, assumptions and other factors (including the risks contained in
the section of this report entitled "Risk Factors") relating to our industry and
our operations and results of operations. Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from those anticipated, believed,
estimated, expected, intended or planned.




Although
we believe that the expectations reflected in the forward looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. Except as required by applicable law, including the securities
laws of the United States, we do not intend to update any of the forward-looking
statements to conform these statements to actual results. The following
discussion should be read in conjunction with our financial statements and the
related notes that appear elsewhere in this report.


















3




PART
I




ITEM
1. DESCRIPTION OF BUSINESS.




Corporate
History




Map V
Acquisition, Inc. (the “Company”) was incorporated on November 22, 2006, in
the State of Delaware. As of the year ended December 31, 2007, our principal
executive offices were located at 350 Fifth Avenue, Suite 2204 New York, New
York 10118. As of the date of the filing of this annual report, our principal
executive offices are located at 350 Fifth Avenue, Suite 2204 New York, New York
10118. Our telephone number is (212) 695-7850. We are qualified to do business
in the State of New York. Our fiscal year-end is December 31. As described below
in “Description of Vanity,” the Company was incorporated with the objective to
acquire, or merge with an operating business.




Business





As of
December 31, 2007 the Company, based on proposed business activities, was a
“blank check” company. The Securities and Exchange Commission (the “SEC”)
defines those companies as “any development stage company that is issuing a
penny stock, within the meaning of Section 3 (a)(51) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and that has no specific business
plan or purpose, or has indicated that its business plan is to merge with an
unidentified company or companies.” Under SEC Rule 12b-2 under the Securities
Act of 1933, as amended (the “Securities Act”), the Company also qualifies as a
“shell company,” because it has no or nominal assets (other than cash) and no
nominal operations. Many states have enacted statutes, rules and regulations
limiting the sale of securities of “blank check” companies in their respective
jurisdictions. Management does not intend to undertake any efforts to cause a
market to develop in our securities, either debt or equity, until we have
successfully concluded a business combination. The Company intends to comply
with the periodic reporting requirements of the Exchange Act for so long as we
are subject to those requirements.





The
Company was organized as a vehicle to investigate and, if such investigation
warrants, acquire a target company or business seeking the perceived advantages
of being a publicly held corporation. The Company’s principal business objective
for the next 12 months and beyond such time will be to achieve long-term growth
potential through a combination with a business rather than immediate,
short-term earnings. The Company will not restrict its potential candidate
target companies to any specific business, industry or geographical location
and, thus, may acquire any type of business.





The
analysis of new business opportunities will be undertaken by or under the
supervision of the officers and directors of the Registrant. Neither the
Registrant nor any of its officers or directors has had any preliminary contact
or discussions with any representative of any other entity regarding a business
combination. The Registrant has unrestricted flexibility in seeking, analyzing
and participating in potential business opportunities. In its efforts to analyze
potential acquisition targets, the Registrant will consider the following kinds
of factors:





(a)
Potential for growth, indicated by new technology, anticipated market expansion
or new products;





(b) Competitive position as compared to
other firms of similar size and experience within the industry segment as well as within the
industry as a whole;





(c)
Strength and diversity of management, either in place or scheduled for
recruitment;





(d) Capital requirements and
anticipated availability of required funds, to be provided by the Registrant or
from operations, through the sale of additional securities, through joint
ventures or similar
arrangements or from other sources;





(e)
The cost of participation by the Registrant as compared to the perceived
tangible and intangible values and potentials;





(f)
The extent to which the business opportunity can be advanced;





(g)
The accessibility of required management expertise, personnel, raw materials,
services, professional assistance and other required items; and





(h)
Other relevant factors.




4





In
applying the foregoing criteria, no one of which will be controlling, management
will attempt to analyze all factors and circumstances and make a determination
based upon reasonable investigative measures and available data. Potentially,
available business opportunities may occur in many different industries, and at
various stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely difficult
and complex. Due to the Registrant's limited capital available for
investigation, the Registrant may not discover or adequately evaluate adverse
facts about the opportunity to be acquired




Recent
Developments




On April 7, 2008, the Company entered into a Share Exchange
Agreement (the “Agreement”) with Vanity Holding Group, Inc. (“Vanity”), a
private company formed under the laws of Delaware, and the shareholders of
Vanity (the “Vanity Shareholders”) pursuant to which the Company has agreed to
acquire (the “Acquisition”), subject to the satisfaction of the conditions to
closing as outlined in the Agreement, all of the outstanding shares of common
stock of Vanity from the Vanity Shareholders. As consideration for the
acquisition of the shares of Vanity, the Company has agreed to issue an
aggregate of 12,997,000 shares of Common stock, $0.001 par value (the “Common
Stock”) to the Vanity Shareholders. In connection with the Agreement, the
Company intends to file a Certificate of Amendment with the Delaware Secretary
of State changing its name from Map V Acquisition, Inc. to Vanity Events
Holding, Inc.




Description
of Vanity Holding Group, Inc.




Vanity
was organized as a Delaware Corporation on August 25, 2004, and is in the
business of licensing and promotions though its group of touring swimsuit
models. Vanity’s international and domestic experience makes it an excellent
promotional tool for its clients’ events. Vanity is available to travel
throughout the world and its models draw attention to companies, merchandise,
and brand names. Vanity Events began operating as Circuit Girls on the swimsuit
circuit in Southern Florida. After establishing a reputation for excellence in
the Southeast, it has expanded its circuit to include the greater U.S. domestic
market as well as internationally. Vanity provides entertainment and attracts
attention at events, including swimsuit competitions, calendar signings, and
auto shows.





Vanity is
in the business of licensing and promotions though it’s group of touring
swimsuit models, and intends to develop its business primarily through the
expansion of its licensing agreements.  Vanity possesses an
experienced management team, as is further described in the Management
section.





Currently,
Vanity maintains existing trademarks and copyrights on numerous pictures and
logos.  Vanity has already signed licensing agreements for swim suit
model images with companies in Argentina, Chile, China, Colombia, Dominican
Republic, Ecuador, Germany, Korea, Mexico, Panama, Puerto Rico, Taiwan, Tokyo,
United Kingdom, United States and Venezuela.





Vanity’s
target markets will use Vanity’s images, logos, prints and electronic content
and labels in order to promote their business.  Currently, Vanity’s
target markets are:





·
            the
      apparel and apparel accessories industries, which are to include logos and
      images for the teen market, sports market, and women/men’s
      market;


·
            the
      cosmetics industry and the creation of products branding the Vanity
      name;


·
            mobile
      phones;


·
            personal
      and notebook computers (i.e. screen savers), videos for computers,
      wallpaper, etc.;


·
            company
      and web site promotions for Vanity Events and/or other related products
      and businesses;


·
            private
      Labels created for existing products to expand their sales;
      and


·
            attractive
      media options, such as Pay-Per-View shows and distributed
      DVD’s.




Government
Regulation




Our
businesses are regulated by governmental authorities in the countries in which
we operate. Because of our local and international operations, we must comply
with diverse and evolving regulations. Regulation relates to, among other
things, licensing, commercial advertising, and content, including standards of
decency for each participating country. Changes in the regulation of our
operations or changes in interpretations of existing regulations by courts or
regulators or our inability to comply with current or future regulations could
adversely affect us by reducing our revenues, increasing our operating expenses
and exposing us to liabilities.




Employees




As of
December 31, 2007, we had no employees. As of February 29, 2008, and following
the acquisition of Vanity Holding Group, Inc., we had 5 employees, and 3
independent contractors who provide sales and shipping services, support, and
public relations.






5




RISK
FACTORS




Risks
Related to Our Business and Industry




We will need significant additional
capital, which we may be unable to obtain.




Our
capital requirements in connection with our promotional activities and
transition to commercial operations have been and will continue to be
significant. We cannot assure you that our business will generate sufficient
cash flow from operations or that future borrowings will be available to us in
an amount sufficient to enable us to continue our operations, and there can be
no assurance that financing will be available in amounts or on terms acceptable
to us, if at all.




Our operating
results may fluctuate, which makes our results difficult to predict and could
cause our results to fall short of expectations.




Our
operating results may fluctuate as a result of a number of factors, many outside
of our control. As a result, comparing our operating results on a
period-to-period basis may not be meaningful, and you should not rely on our
past results as an indication of our future performance. Our quarterly,
year-to-date and annual expenses as a percentage of our revenues may differ
significantly from our historical or projected rates. Our operating results in
future quarters may fall below expectations. Any of these events could cause our
stock price to fall.




We
rely on highly skilled personnel and, if we are unable to retain or motivate key
personnel or hire qualified personnel, we may not be able to grow
effectively.




Our
performance largely depends on the talents and efforts of highly skilled
individuals. Our future success depends on our continuing ability to identify,
hire, develop, motivate and retain highly skilled personnel for all areas of our
organization. Our continued ability to compete effectively depends on our
ability to attract new technology developers and to retain and motivate our
existing contractors.




Government
regulations could adversely affect our business, financial condition or results
of operations.




Our
businesses are regulated by governmental authorities in the countries in which
we operate. Because of our international operations, we must comply with diverse
and evolving regulations. Regulation relates to, among other things, licensing,
promotions, commercial advertising, content, including standards of decency.
Changes in the regulation of our operations or changes in interpretations of
existing regulations by courts or regulators or our inability to comply with
current or future regulations could adversely affect us by reducing our
revenues, increasing our operating expenses and exposing us to significant
liabilities.




We
may not be able to successfully compete with direct competitors or with other
forms of promotional tools.




We derive
a significant portion of our revenue from our national and international
promotional touring business, licensing, and advertising, for which we compete
with various other promotional and media groups that provide services similar to
what we provide. Competition could result in price reductions, reduced margins
or loss of market share, any of which could have a material adverse effect on
our business, financial condition or results of operations. We face competition
on both country and regional levels. We cannot assure you that we can remain
competitive with companies that have greater resources or that offer alternative
promotional and media options.




We
may not be able to protect our intellectual property rights.




We
believe that our trademarks, particularly the Vanity Events and Holly Vanity
designs, and other proprietary rights are critical to our success, potential
growth and competitive position. Accordingly, we devote substantial resources to
the establishment and protection of our trademarks and proprietary rights. Our
actions to establish and protect our trademarks and other proprietary rights,
however, may not prevent imitation of our products by others or prevent others
from claiming violations of their trademarks and proprietary rights by us. Any
infringement or related claims, even if not meritorious, may be costly and time
consuming to litigate, may distract management from other tasks of operating the
business and may result in the loss of significant financial and managerial
resources, which could harm our business, financial condition or operating
results.




If
we engage in future acquisitions, we will incur a variety of costs and may never
realize the anticipated benefits of the acquisition.




If
appropriate opportunities become available, we may attempt to acquire
businesses, products or technologies that we believe are a strategic fit with
our business. If we do undertake any transaction of this sort, the process of
integrating an acquired business, product or technology may result in unforeseen
operating difficulties and expenditures and may absorb significant management
attention that would otherwise be available for ongoing development of our
business. Moreover, we may fail to realize the anticipated benefits of any
acquisition. Future acquisitions could dilute existing stockholders' ownership
interest in us and could cause us to incur debt, exposing us to future
liabilities.




6




Risks
Relating to Our Common Stock





There
is currently no trading market for our common stock, and liquidity of shares of
our common stock is limited.





Our
shares of common stock are not registered under the securities laws of any state
or other jurisdiction, and accordingly there is no public trading market for our
common stock. Further, no public trading market is expected to develop in the
foreseeable future unless and until the Company completes a business combination
with an operating business and the Company thereafter files a registration
statement under the Securities Act. Therefore, outstanding shares of our common
stock cannot be offered, sold, pledged or otherwise transferred unless
subsequently registered pursuant to, or exempt from registration under, the
Securities Act and any other applicable federal or state securities laws or
regulations. Shares of our common stock cannot be sold under the exemptions from
registration provided by Rule 144 under or Section 4(1) of the Securities Act,
in accordance with the letter from Richard K. Wulff, Chief of the Office of
Small Business Policy of the Securities and Exchange Commission’s Division of
Corporation Finance, to Ken Worm of NASD Regulation, dated January 21, 2000.
This letter provides that certain private transfers of the shares of common
stock also may be prohibited without registration under federal securities laws.
Compliance with the criteria for securing exemptions under federal securities
laws and the securities laws of the various states is extremely complex,
especially in respect of those exemptions affording flexibility and the
elimination of trading restrictions in respect of securities received in exempt
transactions and subsequently disposed of without registration under the
Securities Act or state securities laws.





The
Company may be subject to certain tax consequences in our business, which may
increase our costs of doing business.





We may
not be able to structure our acquisition to result in tax-free treatment for the
companies or their stockholders, which could deter third parties from entering
into certain business combinations with us or result in being taxed on
consideration received in a transaction. Currently, a transaction may be
structured so as to result in tax-free treatment to both companies, as
prescribed by various federal and state tax provisions. We intend to structure
any business combination so as to minimize the federal and state tax
consequences to both us and the target entity; however, we cannot guarantee that
the business combination will meet the statutory requirements of a tax-free
reorganization or that the parties will obtain the intended tax-free treatment
upon a transfer of stock or assets. A non-qualifying reorganization could result
in the imposition of both federal and state taxes that may have an adverse
effect on both parties to the transaction.





There
is no public market for our common stock, nor have we ever paid dividends on our
common stock.





There is
no public trading market for our common stock and none is expected to develop in
the foreseeable future unless and until the Company completes a business
combination with an operating business and such business files a registration
statement under the Securities Act of 1933, as amended. Additionally, we have
never paid dividends on our Common Stock and do not presently intend to pay any
dividends in the foreseeable future. We anticipate that any funds available for
payment of dividends will be re-invested into the Company to further its
business strategy.




ITEM 2. DESCRIPTION OF PROPERTY.





As of
December 31, 2007, the Company neither rented nor owned any properties. The
Company utilized the office space and equipment of its officers and directors at
no cost. Management estimated such amounts to be immaterial. The Company
currently had no policy with respect to investments or interests in real estate,
real estate mortgages or securities of, or interests in, persons primarily
engaged in real estate activities.




As of
the date of the filing of this Amended 10-KSB, the Company operates out of
leased property located at 43 West 33rd Street,
Suite 600, New York, New York 10001. Our offices are 300 square feet and are
leased for a 3 year term with rent of $1,000 per month.




ITEM
3. LEGAL PROCEEDINGS.




From
time to time, we may become involved in various lawsuits and legal proceedings,
which arise in the ordinary course of business. However, litigation is subject
to inherent uncertainties, and an adverse result in these or other matters may
arise from time to time that may harm its business. We are currently not aware
of any such legal proceedings or claims that they believe will have,
individually or in the aggregate, a material adverse affect on its business,
financial condition or operating results.




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




None.




7




PART
II




ITEM
5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND SMALLBUSINESS ISSUER PURCHASE OF EQUITY
SECURITIES.





Quoting and Trading of our Common
Stock





There
is no established trading market for our common stock. We may seek to have a
broker/dealer file an application with FINRA on our behalf to list and quote the
shares of our common stock on the OTCBB maintained by FINRA.   There
can be no assurance as to whether the application will be accepted or, if
accepted, the prices at which our common stock will trade if a trading market
develops, of which there can be no assurance. Until our common stock is fully
distributed and an orderly market develops, if ever, the price at which it
trades is likely to fluctuate significantly.  Prices for our common stock
will be determined in the marketplace and may be influenced by many factors,
including the depth and liquidity of the market for shares of our common stock,
developments affecting our business generally, including the impact of the
factors referred to in "Risk Factors," investor perception and general economic
and market conditions. No assurances can be given that an orderly or liquid
market will ever develop for the shares of our common stock





Holders





As of
December 31, 2007, there were six record holders of 2,500,000 shares of the
Company's Common Stock. As of April 15, 2008, the approximate number of
stockholders of record of the Common Stock of the Company was 40.





Dividend
Policy




The
Company has never declared or paid any cash dividends on its common stock. We
currently intend to retain future earnings, if any, to finance the expansion of
our business. As a result, we do not anticipate paying any cash dividends in the
foreseeable future.




ITEM
6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION AND FORWARD LOOKING
INFORMATION.




Forward Looking Statements




Some of
the statements contained in this annual report that are not historical facts are
“forward-looking statements” which can be identified by the use of terminology
such as “estimates,” “projects,” “plans,” “believes,” “expects,” “anticipates,”
“intends,” or the negative or other variations, or by discussions of strategy
that involve risks and uncertainties. We urge you to be cautious of the
forward-looking statements, that such statements, which are contained in this
annual report, reflect our current beliefs with respect to future events and
involve known and unknown risks, uncertainties and other factors affecting our
operations, market growth, services, products and licenses. No assurances can be
given regarding the achievement of future results, as actual results may differ
materially as a result of the risks we face, and actual events may differ from
the assumptions underlying the statements that have been made regarding
anticipated events. Factors that may cause actual results, our performance or
achievements, or industry results, to differ materially from those contemplated
by such forward-looking statements include without limitation:




·  Our
ability to attract and retain management, and to integrate and maintain
technical information and management information systems;




·  Our
ability to raise capital when needed and on acceptable terms and
conditions;




·  The
intensity of competition; and




·  General
economic conditions.





All
written and oral forward-looking statements made in connection with this annual
report that are attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. Given the
uncertainties that surround such statements, you are cautioned not to place
undue reliance on such forward-looking statements for licensing, logos and
content images for the mobile phone, computers, apparel, cosmetic industries and
other related products of Vanity.




8





Revenues:




We did
not generate any revenues for the years ended December 31, 2007 or December 31,
2006. Map V had $9,800 in operating expenses for the year ended December 31,
2007 as compared to $2,500 in operating expenses for the year ended December 31,
2006. The increase in operating expenses was primarily a result of professional
fees.




Liquidity and Capital
Resources:




At
December 31, 2007, Map V did not have cash or cash equivalents, nor did maintain
any liabilities.




Working
capital:




None.




Current
Liabilities:




None.




Off Balance Sheet
Arrangements:




None.




CRITICAL
ACCOUNTING ESTIMATES




The
preparation 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 amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.




Effect
of Recently Issued Accounting Pronouncements




Management
does not believe that any recently issued, but not yet effective, accounting
standards, if currently adopted, would have a material affect on the
accompanying financial statements.




Income
Taxes




None.




9








ITEM
7. FINANCIAL STATEMENTS





INDEX
TO FINANCIAL STATEMENTS











Financial
      Statements
              PageReport
      of Independent Registered Public Accounting Firm
              F-2Balance
      Sheet as of  December 31, 2007
              F-3Statements
      of Operations for the year ended December 31, 2007and
      for the period November 22, 2006 (inception) toDecember
      31, 2007
              F-4Statements
      of Stockholders’ Equity  for the year ended December
      31,2007
      and for the period November 22, 2006 (inception) toDecember
      31, 2007
              F-5Statements
      of Cash Flows for the year ended December 31, 2007and
      for the period November 22, 2006 (inception) toDecember
      31, 2007
              F-6Notes
      to Financial Statements
              F-7
      - F-10






F-1





REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM








Board of
Directors and Stockholders


MAP V
ACQUISITION, INC.





We
have audited the balance sheet of MAP V ACQUISITION, INC. (a development stage
company) as of December 31,2007, and the related statements of operations,
changes in stockholders’ equity, and  cash flows for the year ended
December 31, 2007 and for the period from November 22, 2006 (Date of Inception)
to December 31, 2007. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.





We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company’s internal control over financial
reporting. Accordingly, we express no such opinion. Also, an audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.





In our
opinion, the  financial statements referred to above present fairly,
in all material respects, the financial position of MAP V ACQUISITION, INC.,as
of December 31, 2007 and the results of its operations and its cash flows for
the year ended December 31, 2007 and for the period from November 22, 2006 (Date
of Inception) to December 31, 2007, in conformity with accounting principles
generally accepted in the United States of America .





The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern. As discussed in Note B to the financial statements,
the Company has incurred operating losses for the period November 22, 2006
(inception) to December 31, 2007, has no significant revenues and has not
commenced planned principal operations. These factors raise substantial doubt
about the Company’s ability to continue as a going concern. Management’s plans
regarding those matters are also described in Note B. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.







/s/
Drakeford & Drakeford, LLC





Drakeford
& Drakeford, LLC


New York,
New York





February
28, 2008





F-2





MAP V
ACQUISITION, INC.


( A
Development Stage Company)


BALANCE
SHEET





December
      31, 2007ASSETSCURRENT
      ASSETSCash
      and cash equivalents
            
            $
            0TOTAL
      ASSETS
            
            $
            0LIABILITIES
      AND STOCKHOLDERS’ EQUITYCURRENT
      LIABILITIES
            
            $
            0Total
      long-term liabilities
            
            
            0STOCKHOLDERS’
      EQUITYPreferred
      stock authorized 10,000,000 shares, $.0001 par valueeach.
      At  December  31, 2007, there are no shares issued and
      outstanding
            
            
            0Common
      stock authorized 75,000,000 shares, $.0001 par valueeach.
      At  December  31, 2007, there are  2,500,000
      shares issuedoutstanding
            
            
            250Additional
      paid in capital
            
            
            14,320Deficit
      accumulated during the development stage
            
            
            (14,570
            )Total
      stockholders’ equity
            
            
            0TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY
            
            $
            0





The accompanying
notes are an integral part of these statements.




F-3





MAP
V ACQUISITION, INC.


( A
Development Stage Company)


STATEMENTS
OF OPERATIONS








For
      the
              year
      ended
              December
      31, 2007
            
            
            For
      the period
              November
      22, 2006 to
              December 31,
    2006
            
            
            November
      22,
              2006,
      (inception)

                  to
      December 31, 2007Revenue
            
            $
            0
            
            
            $
            0
            
            
            $
            0Operating
      ExpensesProfessional
      fees
            
            
            9,800
            
            
            
            2,500
            
            
            
            12,300Other
      costs
            
            
            1,658
            
            
            
            612
            
            
            
            2,270Total
      operating expenses
            
            
            11,458
            
            
            
            3,112
            
            
            
            14,570Net
      loss from operations
            
            
            (11,458
            )
            
            
            (3,112
            )
            
            
            (14,570
            )Other
      income (expenses)-interest
            
            
            0
            
            
            _0
            
            
            
            0Net
      loss
            
            $
            (11,458
            )
            
            $
            (3,112
            )
            
            $
            (14,570
            )Basic
      and diluted loss  per common share
            
            $
            (.00
            )
            
            $
            (.00
            )
            
            $
            (.01
            )Weighted
      average shares outstanding
            
            
            2,500,000
            
            
            
            2,500,000
            
            
            
            2,500,000






The
accompanying notes are an integral part of these statements




F-4




MAP V
ACQUISITION, INC.


( A
Development Stage Company)





STATEMENT
OF STOCKHOLDERS’ EQUITY










Deficit
      AccumulatedCommon
      stock
            
            
            Additional
            
            
            During
      DevelopmentShares
            
            
            Amount
            
            
            Paid
      in Capital
            
            
            Stage
            
            
            TotalIssuance
      of common stock for cashon
      December 20, 2006
            
            
            2,500,000
            
            
            $
            250
            
            
            $
            0
            
            
            $
            0
            
            
            $
            250Net
      loss for the period November 22, 2006to  December  31,
      2006
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (3,112
            )
            
            
            (3,112
            )Balance
      at December 31,2006
            
            
            2,500,000
            
            
            
            250
            
            
            
            0
            
            
            
            (3,112
            )
            
            
            (2,862
            )Stock
      purchase agreement-See Note-1
            
            
            
            
            
            
            
            
            
            
            14,320
            
            
            
            
            
            
            
            14,320Net
      loss for the year endedDecember  31,
      2007
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (11,458
            )
            
            
            (11,458
            )Balance
      at December 31, 2007
            
            
            2,500,000
            
            
            $
            250
            
            
            $
            14,320
            
            
            $
            (14,570
            )
            
            $
            0




The
accompanying notes are an integral part of this statement.




F-5




MAP V
ACQUISITION, INC.


( A
Development Stage Company)





STATEMENTS
OF CASH FLOWS








For
      the year ended
              December
      31, 2007
            
            
            For
      the period
              November
      22, 2006 to
              December
      31, 2006
            
            
            November
      22,
              2006,
      (inception)
              to
      December 31,
              2007OPERATING
      ACTIVITIESNet
      loss
            
            $
            (11,458
            )
            
            $
            (3,112
            )
            
            $
            (14,570
            )Changes
      in operating assets and liabilities:Accrued
      professional fees
            
            
            (2,500
            )
            
            
            2,500
            
            
            
            0Cash
      used by operating activities
            
            
            (13,958
            )
            
            
            (612
            )
            
            
            (14,570
            )FINANCIAL
      ACTIVITIESProceeds
      from loan payable-shareholder
            
            
            0
            
            
            
            1,263
            
            
            
            1,263Proceeds
      from stock purchase agreement
            
            
            14,320
            
            
            
            0
            
            
            
            14,320Payment
      on loan payable-shareholder
            
            
            (1,263
            )
            
            
            0
            
            
            
            (1,263
            )Issuance
      of common stock for cash
            
            
            0
            
            
            
            250
            
            
            
            250Cash
      provided by financing activities
            
            
            13,057
            
            
            
            1,513
            
            
            
            14,570NET  INCREASE  (DECREASE)
      IN CASH
            
            
            (901
            )
            
            
            901
            
            
            
            0CASH
      BALANCE BEGINNING OF PERIOD
            
            
            901
            
            
            
            0
            
            
            
            0CASH
      BALANCE END OF PERIOD
            
            $
            0
            
            
            $
            901
            
            
            $
            0Supplemental
      Disclosures of Cash Flow Information:Interest
            
            $
            0
            
            
            $
            0
            
            
            $
            0





The
accompanying notes are an integral part of these statements.




F-6







MAP V
ACQUISITION, INC.


( A
Development Stage Company)





NOTES
TO FINANCIAL STATEMENTS





December
31, 2007








NOTE
A – BASIS OF PRESENTATION AND SUMMARY OF  SIGNIFICANT
ACCOUNTING POLICIES





1.
            Nature
      of Operations/ Basis of
Presentation





MAP V
Acquisition, Inc. (the “Company”) was incorporated in Delaware with the
objective to acquire, or merge with an operating business. On December 20, 2006,
the Company sold 2,500,000 shares of common stock for consideration of
$250.





On
December 27, 2007, the Company and each of the stockholders of the Company
entered into a definitive stock purchase agreement with Highland Global
Partners, Inc. The Company and each of the stockholders agreed to sell all of
the 2,500,000 shares of common stock, representing 100% of the issued and
outstanding capital stock of the Company, for an aggregate consideration of
$30,000. The sale constituted a change in control of the
Company.





The
Company, based on its proposed business activities, is a “blank check” company.
The Securities and Exchange Commission defines such a company as “a development
stage company” that has no specific business plan or purpose, or has indicated
that its business plan is to engage in a merger or acquisition with an
unidentified company or companies, or other entity or person; and is issued
‘penny stock,’ as defined in Rule 3a 51-1 under the Securities Exchange Act of
1934. Many states have enacted statutes, rules, and regulations limiting the
sale of securities of “blank check” companies in their respective
jurisdictions.





The
Company was organized as a vehicle to investigate and, if such investigation
warrants, acquire a target company or business seeking the perceived advantages
of being a publicly held corporation and, to a lesser extent, desires to employ
the Company’s funds in its business. The Company’s principal business objective
for the next twelve months and beyond such time will be to achieve long-term
growth potential through a combination with a business rather than immediate,
short-term earnings. The Company will not restrict its potential candidate
target companies to any specific business, industry, or geographical location
and, thus, may acquire any type of business. The analysis of new business
opportunities will be undertaken by or under the supervision of the officers and
directors of the Company .








F-7











MAP V
ACQUISITION, INC.


( A
Development Stage Company)





NOTES
TO FINANCIAL STATEMENTS (continued)





December
31, 2007











NOTE
A – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
(continued)





2.
            Cash
      Equivalents





Investments
having an original maturity of 90 days or less that are readily convertible into
cash are considered to be cash equivalents. During the period from November 22,
2006 (date of inception) to December 31, 2007, the Company had no cash
equivalents.




3.
            Recently
      Enacted Accounting Standards




Management
does not believe that any recently issued, but not yet effective, accounting
standards, if currently adopted, would have a material affect on the
accompanying financial statements.




4.
            Use
      of Estimates





The
preparation 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 amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and reported amounts of revenue and expenses during the
reporting period. Actual results could differ from those
estimates.






F-8





MAP V
ACQUISITION, INC.


( A
Development Stage Company)


NOTES
TO FINANCIAL STATEMENTS (continued)





December
31, 2007





5.   Fair
Value of Financial Instruments





The
carrying amounts of the Company’s financial instruments, including cash and cash
equivalents, short-term investments, accounts receivable, accounts payable and
accrued liabilities, approximate fair value because of their short
maturities.





NOTE
B—GOING CONCERN





The Company is a development stage
Company and has not commenced planned principal operations. The Company had
no  revenues and has incurred losses of $14,570 for the period
November 22, 2006 (inception) to December 31, 2007. These factors raise
substantial doubt about the Company’s ability to continue as a going
concern.




There can be no assurance that
sufficient funds required during the next year or thereafter will be generated
from operations or that funds will be available from external sources such as
debt or equity financings or other potential sources. The lack of additional
capital resulting from the inability to generate cash flow from operations or to
raise capital from external sources would force the Company to substantially
curtail or cease operations and would, therefore, have a material adverse effect
on its business. Furthermore, there can be no assurance that any such required
funds, if available, will be available on attractive terms or that they will not
have a significant dilutive effect on the Company’s existing
stockholders.




The accompanying financial statements
do not include any adjustments related to the recoverability of classification
of asset-carrying amounts or the amounts and classification of liabilities that
may result should the Company be unable to continue as a going
concern.





NOTE
C--LOSS PER SHARE





The
computation of loss per share is based on the weighted average number of common
shares outstanding during the period presented. Diluted loss per common share is
the same as basic loss per common share as there are no potentially dilutive
securities outstanding (options and warrants).





NOTE
D - INCOME TAXES





The
Company  accounts for income taxes using the asset and liability
method described in SFAS No. 109, “Accounting For Income Taxes”, the objective
of which is to establish deferred tax assets and liabilities for the temporary
differences between the financial reporting and the tax basis of the Company’s
assets and liabilities at the enacted tax rates expected to be in effect when
such amounts are realized or settled. A valuation allowance related to deferred
tax assets is recorded when it is more likely than not that some portion or all
of the deferred tax assets will not be realized. The Company recorded a deferred
income tax asset for the effect of net operating loss carryforwards. In
recognition of the uncertainty regarding the ultimate amount of income tax
benefits to be derived, the Company has recorded a full valuation allowance at
December 31, 2007.




F-9




MAP V
ACQUISITION, INC.


( A
Development Stage Company)




NOTES
TO FINANCIAL STATEMENTS (continued)





December
31, 2007










NOTE
E – COMMON STOCK ISSUANCES





On December 20, 2006 the Company
sold 2,500,000 shares of its common stock to several accredited investors
pursuant to a Private Placement Offering for consideration of
$250.





See
Note 1 for stock purchase agreement on December 27, 2007.





NOTE
F - COMMITMENTS AND CONTINGENCIES





Lease
agreements:





The Company currently operates out
of leased property located at  25 Highland Boulevard, Dix Hills, New
York 11746. The terms of the lease are month to month by a related party at a
monthly lease cost of $-0-.




NOTE G – SUBSEQUENT
EVENTS




On
April 2, 2008, the Company entered into a Share Exchange Agreement with Vanity
Holding Group, Inc. (“Vanity”), a private company formed under the laws of
Delaware, pursuant to which the Company has agreed to acquire all of the
outstanding shares of common stock of Vanity from the Vanity Shareholders. As
consideration for the acquisition of the shares of Vanity, the Company has
agreed to issue an aggregate of 12,497,000 shares of Common stock to the Vanity
Shareholders. In connection with the Agreement, the Company intends to file a
Certificate of Amendment with the Delaware Secretary of State changing its name
from Map V Acquisition, Inc. to Vanity Events Holding, Inc.












F-10





ITEM 8. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.




None.




ITEM
8A. CONTROLS AND PROCEDURES.




The
Company maintains disclosure controls and procedures that are designed to ensure
that information required to be disclosed in the Company's Exchange Act reports
is recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission rules and forms, and that
such information is accumulated and communicated to the Company's management to
allow timely decisions regarding required disclosure based closely on the
definition of "disclosure controls and procedures" in Rule 13a-15(e) and
15d-15(e). In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the
desired control objectives, and management necessarily was required to apply its
judgment in evaluating the cost-benefit relationship of possible controls and
procedures.




The
Company carried out an evaluation, under the supervision and with the
participation of our principal executive officer and principal financial
officer, of the effectiveness of the design and operation of the Company's
disclosure controls and procedures as of the end of the period covered in this
report. Based on the foregoing, our principal executive officer and principal
financial officer concluded that the Company's disclosure controls and
procedures were effective.





There has
been no change in our internal controls over financial reporting that occurred
during the period covered by this Annual Report on Form 10-KSB/A that has
materially affected, or is reasonably likely to materially affect, our internal
controls over financial reporting.





Management’s Annual Report on
Internal Control Over Financial Reporting.





Map V
Acquisition, Inc.’s management is responsible for establishing and maintaining
adequate control over financial reporting for the Company, as such term is
defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of
1934. Under the supervision and with the participation of Map’s management,
including our principal executive and principal financial officers, Map
conducted an evaluation of the effectiveness of its internal control over
financial reporting based on the framework in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (the “COSO Framework”). Based on this evaluation under the COSO
Framework management concluded that its internal control over financial
reporting was effective as of December 31, 2007 .





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




Item
8B. Other Information.




None.




10




PART
III




ITEM
9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSON AND CORPORATE
GOVERNANCES; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGEACT.




Our
directors and executive officers are:





Name
            Age
            PositionSteven
      Moskowitz
            43
            President,
      Chief Executive Officer, Principal Executive Officer, and
      DirectorMichael
      Cohn
            41
            DirectorFrank
      Lazauskas
            47
            DirectorRonald
      Cosman
            58
            Director




Executive
Officers and Directors




Steven
Moskowitz               
President, Chief Executive Officer, Principal Executive Officer and
Director




Steven
Moskowitz has been working for Vanity Holding Group, Inc. as President,
CEO, and Director since May 2007. Mr. Moskowitz currently serves as the COO and
Chief Financial Officer of Spongetech Delivery Systems, Inc. Since January 2008,
Mr. Moskowitz has been serving as President, CEO and Director of Map IV
Acquisition, Inc. and Map VI Acquisition, Inc. He has served as a director of RM
Enterprises International, Inc. since April 2001 and as its Secretary since
March 2, 2004. He has been a director of Western Power and equipment Corp.
(OTCBB) since February 11, 2003. Mr. Moskowitz was a director and CEO of Azurel,
Ltd (OTCBB and subsequently Pink Sheet) from October 31, 2002 to October 10,
2003.He rejoined Azurel fromMay1, 2004 through July 26, 2004 as CEO and
President. On July 25, 2005, he was elected as CEO and President of Azurel. He
has been director of Tiburon Capital group, a privately held holding
corporation, and since May 2000, he has served as Vice President of ERC Corp., a
privately held marketing consultant. He served as vice President, Marketing and
Business Development for H.W. Carter & Sons, a distributor of children’s
clothing, from 1987 to 2002. He was President of the H.W. Carter & Sons
division of Evolutions, Inc. from 1996 to1997. Mr. Moskowitz served in various
capacities at Smart Style Industries, a manufacturer and distributor of
children’s apparel, from 1986 to 1987 from sales assistant to Vice president
Sales and Marketing. He received his B.S. in Management from Touro Collage in
1986.




Michael
Cohn                       CFO,
Vice President, Director




Michael
Cohn has been a director since April 2007. Michael Cohen has been involved with
startup companies for the last decade; mentoring and developing these start ups
from ideas to IPOs.  He began his career as a NYS EMS Paramedic, later
joining Americorp Securities as a vice president in their mergers and
acquisitions department.  Mr. Cohen was recruited by Dafna Construction to
serve as CFO and played a pivotal role in the company’s national growth and
subsequent purchase.  He was also vice president of Citigroup’s Corporate
Finance division, managed a department in the risk management sector of Salomon
Smith Barney, and served on the Board of Directors for Better on Line Solutions,
Inc, Newmedia1.com, as well as several real estate holding
companies.




Frank
Lazauskas                 President,
Director, Founder




Frank
Lazauskas has been a director since May 2007. He is also on the board of
Spongetech Delivery systems as a director. Mr. Lazauskas is the founder and
President of FJL Enterprises, Inc. and TNJ Enterprises, Inc. formed in 1999 and
1997, respectively, which own and operate eight Dominos Pizza Stores. He was
elected a director of RM Enterprises International, Inc.  Mr.
Lazauskas was a director of Azurel, Ltd. He received his B.A. in Mathematics
from Central Connecticut State University in 1983.




Ronald
Cosman                   
CPA, Director, Senior VP Marketing & Sales




Ronald
Cosman has been a director since May 2007. Mr. Cosman is currentlya senior VP in marketing
and sales at a major defense industry company in Switzerland they are the
worldwide leaders of observation and location devices. Born in Switzerland, Mr.
Cosman went to the University of Zurich and has his masters in business
administration. Mr. Cosman also worked with Ernst & Young as a CPA for 5
years also worked with IBM and Hewlett Packard for 12 years and a general
manager for Data General in Switzerland.




11




DIRECTOR
INDEPENDENCE




The
following information concerning director independence is based on the director
independence standards of The NASDAQ Stock Market Corporate Governance
Rules.




Michael
Cohn, Frank Lazauskas and Ronald Cosman are independent directors within The
NASDAQ Stock Market's director independence standards.  Steven
Moskowitz is not an independent director. In determining independence, the Board
reviews and seeks to determine whether directors have any material relationship
with the Company, direct or indirect, which would interfere with the exercise of
independent judgment in carrying out the responsibilities of a director. The
Board reviews business, professional, charitable and familial relationships of
the directors in determining independence.  The Board has not
designated a separate compensation or nominating committee.




Audit
Committee




Presently,
our Board of Directors is performing the duties that would normally be performed
by an audit committee. We intend to form a separate audit committee, and plan to
seek potential independent directors. In connection with our search, we plan to
appoint an individual qualified as an audit committee financial
expert.




Code
of Ethics




The Board
has not adopted a Code of Ethics.




ITEM
10. EXECUTIVE COMPENSATION.




Our
executive officers have not received any compensation since the date of our
incorporation, and we did not accrue any compensation.




Compensation
of Directors




We do not
compensate our directors for their time spent on our behalf.








EXECUTIVE
EMPLOYMENT CONTRACTS




We do not
have any written or oral employment agreements with any of our officers or
directors.




EQUITY
COMPENSATION PLAN INFORMATION AS OF DECEMBER 31, 2007




Equity
Compensation, Pension or Retirement Plans




No
retirement, pension, profit sharing, stock option or insurance programs or other
similar programs have been adopted by the Company for the benefit of its
employees.




DIRECTOR
COMPENSATION




No
compensation earned or paid any independent directors in 2007.





12




ITEM
11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.







The
following table sets forth certain information, as of December 31, 2007, with
respect to any person (including any “group”, as that term is used in
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) who is known to us to be the beneficial owner of more than five
percent (5%) of any class of our voting securities, and as to those shares of
our equity securities beneficially owned by each of our directors and executive
officers and all of our directors and executive officers as a group. Unless
otherwise specified in the table below, such information, other than information
with respect to our directors and executive officers, is based on a review of
statements filed with the Securities and Exchange commission (the “Commission”)
pursuant to Sections 13 (d), 13 (f), and 13 (g) of the Exchange Act
with respect to our common stock.




The
number of shares of common stock beneficially owned by each person is determined
under the rules of the Commission and the information is not necessarily
indicative of beneficial ownership for any other purpose. Under such rules,
beneficial ownership includes any shares as to which such person has sole or
shared voting power or investment power and also any shares which the individual
has the right to acquire within sixty (60) days after the date hereof,
through the exercise of any stock option, warrant or other right. Unless
otherwise indicated, each person has sole investment and voting power (or shares
such power with his or her spouse) with respect to the shares set forth in the
following table. The inclusion herein of any shares deemed beneficially owned
does not constitute an admission of beneficial ownership of those
shares.








Name
      and Address
            Amount
      and Nature of Beneficial Ownership
            Percentage
      of ClassI.
      Steven Edelson (1)
              3010
      Floral Drive
              Northbrook
      Il, 60062
            25,000
            1%Lawrence
      E. Koehler (2)
              1856
      Sunnyside Circle
              Northbrook,
      IL 60062
            25,000
            1%C.A.
      Nathaniel Kramer
              400
      Park Avenue, Suite 1440
              New
      York, NY 10022
            25,000
            1%Michael
      A. Reinsdorf
              695
      Birch Road
              Glencoe,
      IL 60022
            25,000
            1%Ronald
      M. Lambert (3)
              1320
      Edgewood Lane
              Northbrook,
      IL 60062
            25,000
            1%SENK
      V LLC (4)
              1372
      Shermer Road
              Northbrook,
      IL 60062
            2,375,000
            95%All
      Officers and Directors as a group
              (5
      individuals)
            125,000
            5%


________





(1)
Mr. I. Steven Edelson served as the Chairman and Director of the
Company.





(2)
Mr. Lawrence E. Koehler served as the Chief Financial Officer and Director of
the Company.





(3)
Mr. Ronald M. Lambert served as the President, Secretary and Director of the
Company.





(4)
Each of Messrs. Edelson, Koehler, Kramer, Reinsdorf and Lambert holds 20% of
SENK V LLC.




13




The
following table shows the number of shares beneficially owned as of April 15,
2008 by each of our individual directors and executive officers, by our nominee
directors and executive officers and by all our current directors and executive
officers as a group.





Name
      of Beneficial Owner (1)
            Common
      Stock Beneficially Owned
            Percentage
      of Common StockMichael
      Cohen
            146,047
            1%Ronald
      Cosman
            146,047
            1%Frank
      Lauzaskas
            847,072
            1%Steven
      Moskowitz (1)
            1,358,820
            9%Highland
      Global Partners, Inc.
            2,500,000
            17%All
      executive officers and directors as a group (consisting of 4
      individuals)
            2,497,985
            17%(1)
      Beneficial Ownership is determined in accordance with the rules of the
      Securities and Exchange Commission and generally includes voting or
      investment power with respect to securities. Shares of common stock
      subject to options, warrants, or convertible debt currently exercisable or
      convertible, or exercisable or convertible within 60 days of April 15,
      2008 are deemed outstanding for computing the percentage of the person
      holding such option or warrant but are not deemed outstanding for
      computing the percentage of any other person. Percentages are based on a
      total of 14,997,000 shares of common stock outstanding on April 15, 2008,
      and the shares issuable upon the exercise of options, warrants
      exercisable, and debt convertible on or within 60 days of April 15,
      2008.(2)
      includes 1,051,537 shares beneficially owned by Mr. Moskowitz through the
      Mindy & Steven Moskowitz Trust.




ITEM
12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE.




We have
not entered into any transactions in which any of our directors, executive
officers, or affiliates, including any member of an immediate family, had or are
to have a direct or indirect material interest.




All of
the above offerings and sales were deemed to be exempt under rule 506 of
Regulation D and Section 4(2) of the Securities Act of 1933, as
amended. No advertising or general solicitation was employed in offering the
securities. The offerings and sales were made to a limited number of persons,
all of whom were accredited investors, business associates of the Company or
executive officers of the Company, and transfer was restricted by the Company in
accordance with the requirements of the Securities Act of 1933. In addition to
representations by the above-referenced persons, we have made
independent determinations that all of the above-referenced persons were
accredited or sophisticated investors, and that they were capable of analyzing
the merits and risks of their investment, and that they understood the
speculative nature of their investment. Furthermore, all of the above-referenced
persons were provided with access to our Securities and Exchange Commission
filings.




14




ITEM
13. EXHIBITS





EXHIBIT
      NO.
            
            DESCRIPTION3.1
            
            Articles
      of Incorporation (1)3.2
            
            Bylaws
      (1)10.1
            
            Stock
      Purchase Agreement (2)10.2
            
            Share
      Exchange Agreement dated April 3, 2008 by and among Map V Acquisition,
      Inc., Vanity Holding Group, Inc. and each of the shareholders of Vanity
      Holding Group, Inc., incorporated by reference to the Form 8-K filed with
      the Securities and Exchange Commission on April 7, 2008.23.1
            
            Consent
      of Auditors regarding Map V.31.1
            
            Certificate
      of Principal Executive Officer Pursuant to Section 302 of the
      Sarbanes-Oxley Act.32.1
            
            Certificate
      of Principal Financial Officer Pursuant to Section 906 of the
      Sarbanes-Oxley Act.




(1)
            Incorporated
      by reference to the Company’s report on Form 10-SB, as filed with on March
      26, 2007.


(2)
            Incorporated
      by reference to the Company's current report on Form 8-K, as filed on
      January 3, 2008.


(3)
            Incorporated
      by reference to the Company's current report on Form 8-K, as filed on
      April 3, 2008.




ITEM 14. PRINCIPAL ACCOUNTANT FEES AND
SERVICES.





The
following table sets forth the aggregate fees billed to us by our principal
accountant, $11,500 for the periods indicated.





2006
            
            
            2007Audit
      Fees
            
            $
            --
            
            
            $
            11,500Audit
      Related Fees
            
            
            --Tax
      Fees
            
            
            --All
      Other Fees
            
            
            --Total
            
            $
            --
            
            
            $
            11,500





AUDIT
FEES. - Consists of fees for professional services rendered by our principal
accountants for the audit of our annual financial statements and the review of
financial statements included in our Forms 10-QSB or services that are normally
provided by our principal accountants in connection with statutory and
regulatory filings or engagements.




AUDIT-RELATED
FEES. - Consists of fees for assurance and related services by our principal
accountants that are reasonably related to the performance of the audit or
review of our financial statements and are not reported under "Audit
Fees."




TAX FEES.
- Consists of fees for professional services rendered by our principal
accountants for tax compliance, tax advice and tax planning.




ALL OTHER
FEES. - Consists of fees for products and services provided by our principal
accountants, other than the services reported under "Audit Fees," "Audit-Related
Fees" and "Tax Fees" above.





15





SIGNATURES





In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.






VANITY
      HOLDING GROUP, INC.Date:   May
      27, 2008
              By:
              /s/ Steven
      Y. MoskowitzName:   Steven
      Y. MoskowitzTitle:     President,
      Principal Executive Officer




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








SIGNATURE
              
              
              
              DATE/s/
      Steven Y. Moskowitz
              
              President
      (Principal Executive Officer
              
              May
      27, 2008Steven Y.
      Moskowitz
              
              and
      Principal Accounting Officer), Director