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<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 1 <u>SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Business organization</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Omega Commercial Finance Corporation (formerly
known as DOL Resources, Inc.) (the “Company”) is a commercial real estate financing company that also provides asset
backed lending services located in the Miami, Florida area. The Company was incorporated in the State of Wyoming on November 6,
1973.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company’s wholly
owned subsidiaries include the following:</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">CCRE (“CCRE”),
a Florida Limited Liability Company providing second- and third-tier real estate funding as well as partnering in
development ventures.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">OMEGA FACTORING, a Ohio
Limited Liability Company providing factoring funding.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Omega Capital Street LLC, is
a Nevada Limited Liability Company that specializes in CMBS “style” Loan Products.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basis of Presentation</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying consolidated
financial statements are prepared in accordance with Generally Accepted Accounting Principles in the United States of America
(“USGAAP”). The consolidated financial statements of the Company include the Company and its subsidiaries. All material
inter-company balances and transactions have been eliminated.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Management’s Use of Estimates</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">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 at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Cash and Cash Equivalents </u>- For purposes of
the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less
to be cash equivalents.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Stock-Based Compensation</u>-
The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10
of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity
to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair
value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required
to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost
is recognized for equity instruments for which employees do not render the requisite service. During the year ended December 31,
2011, the Company recorded $750,000 in compensation expense based on the fair value of services rendered in exchange for common
shares issued by the Company’s officer. These approximated the fair value of the shares at the dates of issuances in the
opinion of management.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For the nine months ended September
30, 2012, the company issued 5,000,000 shares of stock for consulting services rendered (see Note 4).</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Deferred Taxes</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for income taxes under Section
740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined based upon
differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates
and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance
to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the statements of operations in the period that includes the enactment date.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Reclassification</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain amounts in the prior years' consolidated financial
statements have been reclassified to conform with the current year presentation.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Revenue Recognition</u> –
The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company
recognizes revenue when services are realized or realizable and earned less estimated future doubtful accounts. The Company considers
revenue realized or realizable and earned when all of the following criteria are met:</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">(i) persuasive evidence of an
arrangement exists,</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">(ii) the services have been rendered
and all required milestones achieved,</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">(iii) the sales price is fixed
or determinable, and</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">(iv) collectability is reasonably
assured.</font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Comprehensive Income (Loss) </u>- The Company reports
comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification
which establishes standards for the reporting and display of comprehensive income and its components in the financial statements.
There were no items of comprehensive income (loss) applicable to the Company during the periods covered in the financial statements.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Income (Loss) Per Share
</u><b>- </b>Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.
Basic net income (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding
during the period. Diluted net income (loss) per share is computed by dividing net loss by the weighted average number of shares
of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares
outstanding as of September 30, 2012 and December 31, 2011.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Risk and Uncertainties </u>-
The Company is subject to risks common to companies in the service industry, including, but not limited to, litigation, development
of new technological innovations and dependence on key personnel.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Advertising Costs</u> - Advertising
costs are expensed as incurred. The Company does not incur any direct-response advertising costs.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Fair Value for Financial Assets
and Financial Liabilities-</u> The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures
about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph
820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for
measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures
about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph
820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value
into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for
identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined
by Paragraph 820-10-35-37 are described below:</font></p>
<p style="text-align: justify; margin: 0"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 80px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td>
<td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Quoted market
prices available in active markets for identical assets or liabilities as of the reporting date.</font></td></tr>
<tr style="vertical-align: top">
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Pricing inputs other than quoted prices
in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</font></td></tr>
<tr style="vertical-align: top">
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Pricing inputs that are generally observable
inputs and not corroborated by market data.</font></td></tr>
</table>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The carrying amounts of the Company’s
financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity
of these instruments.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company had no fair value
adjustments as of December 31, 2011. The Company did not have any fair value adjustments for liabilities measured at fair value
at September 30, 2012 and December 31, 2011 nor gains or losses are reported in the statement of operations that are attributable
to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date as of September
30, 2012 and December 31, 2011.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Recently issued accounting
pronouncements:</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In May 2011, the FASB issued ASU 2011-04, “Fair
Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and
IFRS”. The amendment results in a consistent definition of fair value and ensures the fair value measurement and disclosure
requirements are similar between GAAP and International Financial Reporting Standards (“IFRS”). This amendment changes
certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements.
This amendment will be effective for the Company on January 1, 2012. Based on current operations, the adoption is not expected
to have a material effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In June 2011, the Financial Accounting
Standards Board (“FASB”) issued ASU 2011-05, “Comprehensive Income (Topic 220), and Presentation of Comprehensive
Income”. ASU 2011-05 amends the presentation of other comprehensive income and the Statement of Consolidated Operations.
Under this amendment, entities will be required to present the total of comprehensive income, the components of net income, and
the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate
but consecutive statements. Regardless of which reporting option is selected, the Company is required to present on the face of
the financial statements, reclassification adjustments for items that are reclassified from other comprehensive income to net
income in the statements where the components of net income and the components of other comprehensive income are presented. The
current option to report other comprehensive income and its components in the statement of changes in equity has been eliminated.
This amendment will be effective for the Company on January 1, 2012 and full retrospective application is required. We do not
anticipate that this amendment will have a material impact on our financial statements.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Effecting certain sections covered
under ASU 2011-05, in December, 2011, the FASB issued ASU 2011-12, “Comprehensive Income (Topic 220)”, Deferral of the
Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income
in ASU 2011-05”. The pronouncement is effective for fiscal years and interim periods beginning January 1, 2012 with retrospective
application for all comparative periods presented. The Company’s adoption of the new standard is not expected to have a material
effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In September 2011, the Financial
Accounting Standards Board (“FASB”) issued ASU 2011-08, “Intangibles – Goodwill and Other (Topic 350), Testing
Goodwill for Impairment”. ASU 2011-08 amends the required annual impairment testing of goodwill by providing an entity an
option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting
unit is less than its carrying amount. If, after assessing the totality of events and circumstances, an entity determines it is
not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step
impairment test under Topic 350-24 and Topic 350-20-35-9 is unnecessary. However, if an entity concludes otherwise, then it is
required to perform the impairment testing under Topic 350-24 by calculating the fair value of the reporting unit and comparing
the results with the carrying amount. If the fair value exceeds the carrying amount, then the entity must perform the second step
test of measuring the amount of the impairment test under Topic 350-20-35-9.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">An entity has the option to bypass
the qualitative assessment and proceed directly to the two step goodwill impairment test. Additionally, the entity has the option
to resume with the qualitative testing in any subsequent period. The amendment will be effective for the Company on January 1,
2012. Based on current operations, the adoption is not expected to have a material effect on our consolidated financial position
or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In December 2011, the FASB issued
ASU 2011-11, “Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities”. The guidance in this
update requires us to disclose information about offsetting and related arrangements to enable users of our financial statements
to understand the effect of those arrangements on our financial position. The pronouncement is effective for fiscal years and
interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. Our
adoption of the new standard is not expected to have a material effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company has reviewed all
recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the results of its operations.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0"></p>
<p style="text-align: justify; margin: 0"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 1 <u>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><u>Business Activity </u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Omega Commercial Finance Corporation
(formerly known as DOL Resources, Inc.) (the “Company”) is a commercial real estate financing company that also provides
asset backed lending services located in the Miami, Florida area. The Company was incorporated in the State of Wyoming on November
6, 1973.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Basis of Presentation</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying financial statements
of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S.
GAAP) under the accrual basis of accounting.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Management’s Use of Estimates</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in">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 at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial statements
above reflect all of the costs of doing business.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 11pt 0 0 0.5in; text-align: justify"><u>Deferred Taxes</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company accounts for income taxes
under Section 740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined
based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted
tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation
allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates
is recognized in the statements of operations in the period that includes the enactment date.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Cash and Cash Equivalents</u>
- For purposes of the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three
months or less to be cash equivalents.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Revenue Recognition</u> –
The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes
revenue when services are realized or realizable and earned less estimated future doubtful accounts. The Company considers revenue
realized or realizable and earned when all of the following criteria are met:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-size: 10pt">(i)</font></td><td style="text-align: justify"><font style="font-size: 10pt">persuasive evidence of an arrangement exists, </font></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-size: 10pt">(ii)</font></td><td style="text-align: justify"><font style="font-size: 10pt">the services have been rendered and all required milestones achieved,
</font></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-size: 10pt">(iii)</font></td><td style="text-align: justify"><font style="font-size: 10pt">the sales price is fixed or determinable, and </font></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-size: 10pt">(iv)</font></td><td style="text-align: justify"><font style="font-size: 10pt">collectability is reasonably assured.</font></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white">Specifically, the Company is
primarily engaged in the sourcing of second- and third-tier financing for commercial development and construction. Revenues are
generated from fixed non-refundable processing fees associated with the contractual agreement. Revenues are recorded at the time
each contract is signed and fees remitted.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white">The fees are non-refundable and
fixed, which is unconditionally earned and is not contingent on success factors. The Company recognizes revenues as amounts become
billable in accordance with contract terms. These revenues based on contractual agreement with the Company are recognized as the
contracts are signed and the fees are received, and amounts are earned in accordance with the Securities and Exchange Commission
(the “SEC”) Staff Accounting Bulletin (“SAB”) No. 101, “Revenue Recognition in Financial Statements”
(“SAB 101”), as amended by SAB No. 104, “Revenue Recognition” (“SAB 104”).
The Company considers amounts to be earned once evidence of an arrangement has been obtained, the contract signed, and the processing
fees remitted.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Comprehensive Income (Loss)</u>
- The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting
Standards Codification which establishes standards for the reporting and display of comprehensive income and its components in
the financial statements. There were no items of comprehensive income (loss) applicable to the Company during the periods covered
in the financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Income (Loss) Per Share</u><b>
- </b>Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.
Basic net income (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding
during the period. Diluted net income (loss) per share is computed by dividing net loss by the weighted average number of shares
of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares
outstanding as of December 31, 2011 and 2010.</p>
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Risk and Uncertainties </u>- The
Company is subject to risks common to companies in the service industry, including, but not limited to, litigation, development
of new technological innovations and dependence on key personnel.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Stock-Based Compensation</u>-
The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10
of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity
to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value
of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide
service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized
for equity instruments for which employees do not render the requisite service. During the year ended December 31, 2011, the Company
recorded $750,000 in compensation expense based on the fair value of services rendered in exchange for common shares issued by
the Company’s officer. These approximated the fair value of the shares at the dates of issuances in the opinion of management.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Advertising Costs</u> - Advertising
costs are expensed as incurred. The Company does not incur any direct-response advertising costs.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Fair Value for Financial Assets
and Financial Liabilities-</u> The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures
about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph
820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for
measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures
about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph
820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value
into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for
identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined
by Paragraph 820-10-35-37 are described below:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">Level 1 Quoted market prices available
in active markets for identical assets or liabilities as of the reporting date.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 78.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">Level 2 Pricing inputs other than quoted
prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 78.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Level 3 Pricing inputs that are generally observable inputs
and not corroborated by market data.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Fair Value for Financial Assets
and Financial Liabilities (Cont.)-</u> The carrying amounts of the Company’s financial assets and liabilities, such as cash
and accounts payable approximate their fair values because of the short maturity of these instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company does not have any assets
or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair
value adjustments for assets and liabilities measured at fair value at December 31, 2011 and 2010 nor gains or losses are reported
in the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities
still held at the reporting date for the for the years ended December 31, 2011 and 2010.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Recent Accounting Pronouncements
</u>- The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future
adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its
operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In July 2010, the FASB amended the
requirements for <i>Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses</i>. As a
result of these amendments, an entity is required to disaggregate by portfolio segment or class certain existing disclosures and
provide certain new disclosures about its financing receivables and related allowance for credit losses. The new disclosures as
of the end of the reporting period are effective for the fiscal year ending December 31, 2010, while the disclosures about activity
that occurs during a reporting period are effective for the first fiscal quarter of 2011. The adoption of this guidance will not
impact the Company’s consolidated results of operations or financial position.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In January 2010, the FASB issued
authoritative guidance regarding fair value measures and disclosures. The guidance requires disclosure of significant transfers
between level 1 and level 2 fair value measurements along with the reason for the transfer. An entity must also separately
report purchases, sales, issuances and settlements within the level 3 fair value roll forward. The guidance further provides
clarification of the level of disaggregation to be used within the fair value measurement disclosures for each class of assets
and liabilities and clarified the disclosures required for the valuation techniques and inputs used to measure level 2 or
level 3 fair value measurements. This new authoritative guidance is effective for the Company in fiscal years beginning after
December 15, 2010, and for interim periods within those fiscal years. The adoption of this guidance will not impact the Company’s
consolidated results of operations or financial position.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In September 2011, the FASB issued
ASU 2011-08 which provides an entity the option to first assess qualitative factors to determine whether it is necessary to
perform the current two-step test for goodwill impairment.  If an entity believes, as a result of its qualitative assessment,
that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment
test is required.  Otherwise, no further testing is required. The revised standard is effective for annual and interim
goodwill impairment tests performed for fiscal years beginning after December 15, 2011.   The Company does not expect
that the adoption of this standard will have a material impact on the Company’s results of operations, cash flows or financial
condition.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In December 2011, FASB issued Accounting
Standards Update 2011-11, “Balance Sheet - Disclosures about Offsetting Assets and Liabilities” to enhance disclosure
requirements relating to the offsetting of assets and liabilities on an entity's balance sheet. The update requires enhanced disclosures
regarding assets and liabilities that are presented net or gross in the statement of financial position when the right of offset
exists, or that are subject to an enforceable master netting arrangement. The new disclosure requirements relating to this update
are retrospective and effective for annual and interim periods beginning on or after January 1, 2013. The update only requires
additional disclosures, as such, the Company does not expect that the adoption of this standard will have a material impact on
the Company’s results of operations, cash flows or financial condition.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basis of Presentation</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying consolidated
financial statements are prepared in accordance with Generally Accepted Accounting Principles in the United States of America
(“USGAAP”). The consolidated financial statements of the Company include the Company and its subsidiaries. All material
inter-company balances and transactions have been eliminated.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Management’s Use of Estimates</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">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 at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Cash and Cash Equivalents</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For purposes of the Statements
of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Stock-Based Compensation</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for stock-based
compensation using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification
for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services
received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).
That cost will be recognized over the period during which an employee is required to provide service in exchange for the award-
the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which
employees do not render the requisite service. During the year ended December 31, 2011, the Company recorded $750,000 in compensation
expense based on the fair value of services rendered in exchange for common shares issued by the Company’s officer. These
approximated the fair value of the shares at the dates of issuances in the opinion of management.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">For the nine months ended September
30, 2012, the company issued 5,000,000 shares of stock for consulting services rendered (see Note 4).</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Deferred Taxes</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for income taxes under Section
740-10-30 of the FASB Accounting Standards Codification. Deferred income tax assets and liabilities are determined based upon
differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates
and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance
to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the statements of operations in the period that includes the enactment date.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Reclassification</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Certain amounts in the prior years' consolidated financial
statements have been reclassified to conform with the current year presentation.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Revenue Recognition</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company applies paragraph
605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when services
are realized or realizable and earned less estimated future doubtful accounts. The Company considers revenue realized or realizable
and earned when all of the following criteria are met:</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0; text-indent: 20pt"><font style="font: 10pt Times New Roman, Times, Serif">(i) persuasive evidence of an
arrangement exists,</font></p>
<p style="text-indent: 24px; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">(ii) the
services have been rendered and all required milestones achieved,</font></p>
<p style="text-indent: 24px; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">(iii) the
sales price is fixed or determinable, and</font></p>
<p style="text-indent: 24px; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">(iv) collectability
is reasonably assured.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Comprehensive Income (Loss)</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company reports comprehensive
income and its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes
standards for the reporting and display of comprehensive income and its components in the financial statements. There were no
items of comprehensive income (loss) applicable to the Company during the periods covered in the financial statements.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Income (Loss) Per Share</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) per common
share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per share
is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted
net income (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially
outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of September 30,
2012 and December 31, 2011.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Risk and Uncertainties</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company is subject to risks
common to companies in the service industry, including, but not limited to, litigation, development of new technological innovations
and dependence on key personnel.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Advertising Costs</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Advertising costs are expensed
as incurred. The Company does not incur any direct-response advertising costs.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Fair Value for Financial Assets
and Financial Liabilities</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows paragraph
825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph
820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its
financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally
accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency
and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy
which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy
gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest
priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</font></p>
<p style="text-align: justify; margin: 0"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 80px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td>
<td style="vertical-align: top; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Quoted market
prices available in active markets for identical assets or liabilities as of the reporting date.</font></td></tr>
<tr style="vertical-align: top">
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Pricing inputs other than quoted prices
in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</font></td></tr>
<tr style="vertical-align: top">
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Pricing inputs that are generally observable
inputs and not corroborated by market data.</font></td></tr>
</table>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The carrying amounts of the Company’s
financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity
of these instruments.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company had no fair value
adjustments as of December 31, 2011. The Company did not have any fair value adjustments for liabilities measured at fair value
at September 30, 2012 and December 31, 2011 nor gains or losses are reported in the statement of operations that are attributable
to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date as of September
30, 2012 and December 31, 2011.</font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Recently issued accounting pronouncements:</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In May 2011, the FASB issued ASU 2011-04, “Fair
Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and
IFRS”. The amendment results in a consistent definition of fair value and ensures the fair value measurement and disclosure
requirements are similar between GAAP and International Financial Reporting Standards (“IFRS”). This amendment changes
certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements.
This amendment will be effective for the Company on January 1, 2012. Based on current operations, the adoption is not expected
to have a material effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In June 2011, the Financial Accounting
Standards Board (“FASB”) issued ASU 2011-05, “Comprehensive Income (Topic 220), and Presentation of Comprehensive
Income”. ASU 2011-05 amends the presentation of other comprehensive income and the Statement of Consolidated Operations.
Under this amendment, entities will be required to present the total of comprehensive income, the components of net income, and
the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate
but consecutive statements. Regardless of which reporting option is selected, the Company is required to present on the face of
the financial statements, reclassification adjustments for items that are reclassified from other comprehensive income to net
income in the statements where the components of net income and the components of other comprehensive income are presented. The
current option to report other comprehensive income and its components in the statement of changes in equity has been eliminated.
This amendment will be effective for the Company on January 1, 2012 and full retrospective application is required. We do not
anticipate that this amendment will have a material impact on our financial statements.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Effecting certain sections covered
under ASU 2011-05, in December, 2011, the FASB issued ASU 2011-12, “Comprehensive Income (Topic 220)”, Deferral of the
Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income
in ASU 2011-05”. The pronouncement is effective for fiscal years and interim periods beginning January 1, 2012 with retrospective
application for all comparative periods presented. The Company’s adoption of the new standard is not expected to have a material
effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In September 2011, the Financial
Accounting Standards Board (“FASB”) issued ASU 2011-08, “Intangibles – Goodwill and Other (Topic 350), Testing
Goodwill for Impairment”. ASU 2011-08 amends the required annual impairment testing of goodwill by providing an entity an
option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting
unit is less than its carrying amount. If, after assessing the totality of events and circumstances, an entity determines it is
not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step
impairment test under Topic 350-24 and Topic 350-20-35-9 is unnecessary. However, if an entity concludes otherwise, then it is
required to perform the impairment testing under Topic 350-24 by calculating the fair value of the reporting unit and comparing
the results with the carrying amount. If the fair value exceeds the carrying amount, then the entity must perform the second step
test of measuring the amount of the impairment test under Topic 350-20-35-9.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">An entity has the option to bypass
the qualitative assessment and proceed directly to the two step goodwill impairment test. Additionally, the entity has the option
to resume with the qualitative testing in any subsequent period. The amendment will be effective for the Company on January 1,
2012. Based on current operations, the adoption is not expected to have a material effect on our consolidated financial position
or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">In December 2011, the FASB issued
ASU 2011-11, “Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities”. The guidance in this
update requires us to disclose information about offsetting and related arrangements to enable users of our financial statements
to understand the effect of those arrangements on our financial position. The pronouncement is effective for fiscal years and
interim periods beginning on or after January 1, 2013 with retrospective application for all comparative periods presented. Our
adoption of the new standard is not expected to have a material effect on our consolidated financial position or results of operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company has reviewed all
recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the results of its operations.</font></p>
750000
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 2 <u>INCOME TAXES</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">At September 30, 2012, the Company
had federal and state net operating loss carry forwards of approximately $5,505,000 that expire in various years through the year
2032.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Due to cumulative operating losses,
there is no provision for current federal or state income taxes for the nine months ended September 30, 2012.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Deferred income taxes reflect
the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes
and the amount used for federal and state income tax purposes.</font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company’s deferred tax asset at September
30, 2012 consists of net operating loss carry forwards calculated using federal and state effective tax rates equating to approximately
$1,887,000 less a valuation allowance in the amount of approximately $1,887,000. Because of the Company’s lack of earnings
history, the deferred tax asset has been fully offset by a valuation allowance.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company’s total deferred
tax asset as of September 30, 2012 is as follows:</font></p>
<p style="margin: 0"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 82%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Total
Deferred Tax Asset</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">1,887,000 </font></td></tr>
<tr style="vertical-align: bottom">
<td><font style="font: 9pt Times New Roman, Times, Serif">Valuation allowance</font></td>
<td style="border-bottom: #000000 1px solid"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">(1,887,000)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #f3f3f3">
<td><font style="font: 9pt Times New Roman, Times, Serif">Net deferred tax asset</font></td>
<td style="border-bottom: #000000 3px double"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">0 </font></td></tr>
</table>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The reconciliation of income taxes computed at the
federal and state statutory income tax rate to total income taxes for the nine months ended September 30, 2012 is as follows:</font></p>
<p style="margin: 0"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 82%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Income
tax computed at the federal statutory rate</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">34% </font></td></tr>
<tr style="vertical-align: bottom">
<td><font style="font: 9pt Times New Roman, Times, Serif">Valuation allowance</font></td>
<td style="border-bottom: #000000 1px solid"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">(34%)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #f3f3f3">
<td><font style="font: 9pt Times New Roman, Times, Serif">Total deferred tax asset</font></td>
<td style="border-bottom: #000000 3px double"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">0% </font></td></tr>
</table>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The valuation allowance increased by approximately
$86,000 and $8,400 for the nine months ended September 30, 2012 and 2011, respectively.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 2	<u>INCOME TAXES</u></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">At December 31, 2011, the Company
had federal and state net operating loss carry forwards of approximately $5,200,000 that expire in various years through the year
2024.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Due to operating losses, there is
no provision for current federal or state income taxes for the years ended December 31, 2011 and 2010.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Deferred income taxes reflect the
net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes
and the amount used for federal and state income tax purposes.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company’s deferred tax
asset at December 31, 2011 consists of net operating loss carry forwards calculated using federal and state effective tax rates
equating to approximately $1,768,000 less a valuation allowance in the amount of approximately $1,768,000. Because of the Company’s
lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance. The valuation allowance increased
(decreased) by approximately $267,000 and $(12,000) for the years ended December 31, 2011 and 2010, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company’s total deferred
tax asset as of December 31, 2011 is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<table align="center" cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: #F3F3F3">
<td style="width: 79%">Net operating loss carry forwards</td>
<td style="width: 1%">$</td>
<td style="width: 20%; text-align: right">1,768,000 </td></tr>
<tr style="vertical-align: bottom">
<td>Valuation allowance</td>
<td> </td>
<td style="text-align: right">(1,768,000)</td></tr>
<tr style="vertical-align: bottom; background-color: #F3F3F3">
<td> </td>
<td> </td>
<td style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom">
<td>Net deferred tax asset</td>
<td>$</td>
<td style="text-align: right">-- </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The reconciliation of income taxes
computed at the federal and state statutory income tax rate to total income taxes for the years ended December 31, 2011 and 2010
is as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<table align="center" cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: #F3F3F3">
<td style="width: 88%">Income tax computed at the federal statutory rate</td>
<td style="width: 1%"> </td>
<td style="width: 11%; text-align: right">34%</td></tr>
<tr style="vertical-align: bottom">
<td>Valuation allowance</td>
<td> </td>
<td style="text-align: right">(34%)</td></tr>
<tr style="vertical-align: bottom; background-color: #F3F3F3">
<td> </td>
<td> </td>
<td style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom">
<td>Total deferred tax asset</td>
<td> </td>
<td style="text-align: right">0%</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 82%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 16%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Total
Deferred Tax Asset</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">1,887,000 </font></td></tr>
<tr style="vertical-align: bottom">
<td><font style="font: 9pt Times New Roman, Times, Serif">Valuation allowance</font></td>
<td style="border-bottom: #000000 1px solid"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">(1,887,000)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #f3f3f3">
<td><font style="font: 9pt Times New Roman, Times, Serif">Net deferred tax asset</font></td>
<td style="border-bottom: #000000 3px double"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">0 </font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 10pt; width: 100%">
<tr>
<td style="width: 82%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 16%"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Income
tax computed at the federal statutory rate</font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="background-color: #f3f3f3; vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">34% </font></td></tr>
<tr style="vertical-align: bottom">
<td><font style="font: 9pt Times New Roman, Times, Serif">Valuation allowance</font></td>
<td style="border-bottom: #000000 1px solid"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 1px solid; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">(34%)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #f3f3f3">
<td><font style="font: 9pt Times New Roman, Times, Serif">Total deferred tax asset</font></td>
<td style="border-bottom: #000000 3px double"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="border-bottom: #000000 3px double; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">0% </font></td></tr>
</table>
1887000
-1887000
0
0.34
-0.34
0.00
5505000
86000
8400
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 3 <u>ACCOUNTS PAYABLE</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">As of September 30, 2012 and December 31, 2011, the
Company has outstanding $23,919 and $7,500 in Accounts payable relating to operational expenses and legal fees, respectively.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 4 <u>CAPITAL STOCK</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company is currently authorized
to issue 100,000,000 common shares at $.01 par value per share and 10,000,000 preferred shares at $5.00 par value per share.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended December
31, 2011, the Company issued to 15,000,000 common shares to an officer of the Company in exchange for $750,000 in services rendered,
valued at the closing stock price at the date of issuance. In February 2012, the officer returned to the Company 13,000,000 shares
to be retired.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">During the nine months ended
September 30, 2012, the Company issued 5,000,000 shares of common stock for consulting services. The Company valued the transaction
at $.02/share, or $100,000.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company had 35,885,900 and
43,885,900 shares of common stock issued and outstanding as of September 30, 2012 and December 31, 2011, respectively.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3	<u>CAPITAL STOCK</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify">The Company is currently authorized
to issue 100,000,000 common shares at $.01 par value per share and 10,000,000 preferred shares at $5.00 par value per share.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify"> During the year ended December
31, 2011, the Company issued to 15,000,000 common shares to an officer of the Company in exchange for $750,000 in services rendered,
valued at the closing stock price of $.05 per share at the date of issuance.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="text-align: justify; margin: 0"></p>
<p style="margin: 0pt"></p>
5000000
15000000
100000
750000
13000000
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 5 <u>LEASE COMMITMENTS</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company has a month to month
lease at $563 per month with an unrelated landlord. The Company also has a month to month lease for an executive office at $95
per month with an unrelated landlord.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 4	<u>LEASE COMMITMENTS AND RELATED
PARTY TRANSACTIONS</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company has a month to month
lease at $563 per month with an unrelated landlord. Therefore, no future minimum lease commitment exists beyond one year.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="text-align: justify; margin: 0"></p>
<p style="margin: 0pt"></p>
563
95
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 6 <u>INCOME (LOSS) PER
SHARE</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Income (loss) per share is computed by dividing the
net income (loss) by the weighted average number of common shares outstanding during the period. Basic and diluted income (loss)
per share was the same for the nine months ended September 30, 2012 and 2011, respectively.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 5	<u>INCOME (LOSS) PER SHARE</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in">Income (loss) per share is computed by dividing
the net income (loss) by the weighted average number of common shares outstanding during the period. Basic and diluted income (loss)
per share was the same for th<font style="color: black">e years ended December 31, 2011 and 2010</font>.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="text-align: justify; margin: 0"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 7 <u>SUPPLEMENTAL CASH
FLOW INFORMATION</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Supplemental disclosures of cash
flow information for the nine months ended September 30, 2012 and 2011 are summarized as follows:</font></p>
<p style="margin: 0"> </p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">Cash paid during the nine months ending September
30, 2012 and 2011 for interest and income taxes:</font></p>
<p style="margin: 0"></p>
<table cellspacing="0" cellpadding="0" style="margin-top: 0px; font-size: 9pt; width: 100%">
<tr>
<td style="width: 67%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 13%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 13%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-size: 8.5pt; font-weight: bold; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2012</font></td>
<td style="vertical-align: top; font-size: 8.5pt"><font style="font: 8pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="border-bottom: #000000 1px solid; vertical-align: bottom; font-size: 8.5pt; font-weight: bold; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2011</font></td></tr>
<tr style="background-color: #f3f3f3">
<td style="vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Income Taxes</font></td>
<td style="vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">--</font></td>
<td style="vertical-align: top"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="vertical-align: top"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">--</font></td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">Interest</font></td>
<td style="vertical-align: bottom"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">--</font></td>
<td style="vertical-align: top"><font style="font: 9pt Times New Roman, Times, Serif"> </font></td>
<td style="vertical-align: top"><font style="font: 9pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 9pt Times New Roman, Times, Serif">--</font></td></tr>
</table>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><br /></font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 6	<u>SUPPLEMENTAL CASH FLOW INFORMATION</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in">Supplemental disclosures of cash flow information for<font style="color: black">
the years ending December 31, 2011</font> and 2010 are summarized as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Cash paid during the years ending
December 31, 2011 and 2010 for interest and income taxes:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"> </p>
<table align="center" cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: #F3F3F3">
<td style="width: 88%">Income Taxes</td>
<td style="width: 1%">$</td>
<td style="width: 11%; text-align: right">--</td></tr>
<tr style="vertical-align: bottom">
<td>Interest</td>
<td>$</td>
<td style="text-align: right">--</td></tr>
</table>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 8 <u>SEGMENT REPORTING</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows paragraph
280 of the FASB Accounting Standards Codification for disclosures about segment reporting. This Statement requires companies to
report information about operating segments in interim and annual financial statements. It also requires segment disclosures about
products and services, geographic areas, and major customers. The Company determined that it did not have any separately reportable
operating segments as of September 30, 2012 and 2011.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 7	<u>SEGMENT REPORTING</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company follows paragraph 280
of the FASB Accounting Standards Codification for disclosures about segment reporting. This Statement requires companies to report
information about operating segments in interim and annual financial statements. It also requires segment disclosures about products
and services, geographic areas, and major customers. The Company determined that it did not have any separately reportable operating
segments as of December 31, 2011 and 2010.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="text-align: justify; margin: 0"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 9 <u>GOING CONCERN</u></font></p>
<p style="margin: 0"> </p>
<p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements for the nine
months ended September 30, 2012 have been prepared on a going concern basis, which contemplates the realization of assets and
the settlement of liabilities and commitments in the normal course of business. The Company has negative working capital of $2,459,512
and a retained deficit of $5,504,997. There can be no assurance that the Company will be able to obtain the substantial additional
capital resources necessary to implement its business plan or that any assumptions relating to its business plan will prove to
be accurate. The Company is pursuing sources of additional financing and there can be no assurance that any such financing will
be available to the Company on commercially reasonable terms, or at all. Any inability to obtain additional financing will have
a material adverse effect on the Company, including possibly requiring the Company to cease operations.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">These factors raise substantial
doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 8	<u>GOING CONCERN</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern. The Company incurred a net loss in 2011, has negative
cash flows from operations, has a stockholders’ deficit, has a retained deficit, and negative working capital. There can
be no assurance that the Company will be able to obtain the substantial additional capital resources necessary to implement its
business plan or that any assumptions relating to its business plan will prove to be accurate. The Company is pursuing sources
of additional financing and there can be no assurance that any such financing will be available to the Company on commercially
reasonable terms, or at all. Any inability to obtain additional financing will have a material adverse effect on the Company, including
possibly requiring the Company to cease operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">These factors raise substantial doubt
about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
2459512
<p style="margin: 0pt"></p>
<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">NOTE 10 <u>JUDGMENTS PAYABLE</u></font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The Company currently has three
judgments against it. Included in the accompanying balance sheets at September 30, 2012 and December 31, 2011 is $2,300,945 in
the following judgments.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Sebaco Siete, S.A. v.
Omega Realty Partners, LLC, et. al.</u> 11th Judicial Circuit in and for Miami-Dade County, Florida. Case No.: 06-11204 CA 13
FJ. A default judgment against impleader defendants in the amount of $1,564,832 was filed in 2009.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Jorge Ramos v. Omega
Capital Funding, LLC, et. al.</u> in the circuit court of the 11<sup>th</sup> Judicial Circuit in and for Miami-Dade County, Florida.
Case No.: 07-38288 CA 09. A final summary judgment was filed in 2009 in the amount of $85,000.</font></p>
<p style="text-align: justify; margin: 0"> </p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><u>Luxury Home LLC v. Omega
et. al. </u>Case No.: CV2011-004554. A default judgment in the amount of $651,116 was filed in 2012 for a previous year’s
claim.</font></p>
<p style="text-align: justify; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><br /></font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 9	<u>JUDGMENTS PAYABLE </u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company currently has three judgments
against it. Included in the accompanying balance sheets at December 31, 2011 and 2010 is $2,300,945 in the following judgments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Sebaco Siete, S.A. v. Omega Realty
Partners, LLC, et. al. </u> 11th Judicial Circuit in and for Miami-Dade County, Florida. Case No.: 06-11204 CA 13 FJ. A default
judgment against impleader defendants in the amount of $1,564,832 was filed in 2009.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Jorge Ramos v. Omega Capital Funding,
LLC, et. al.</u> in the circuit court of the 11<sup>th</sup> Judicial Circuit in and for Miami-Dade County, Florida. Case No.:
07-38288 CA 09. A final summary judgment was filed in 2009 in the amount of $85,000.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Subsequent to year-end, the Company
received a judgment against it from a case originating in prior years as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Luxury Home LLC v. Omega et. al.
</u>Case No.: CV2011-004554. A default judgment in the amount of $651,113 was filed in 2012 for a previous year’s claim.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
Sebaco Siete, S.A. v. Omega Realty Partners, LLC, et. al. 11th Judicial Circuit in and for Miami-Dade County, Florida. Case No.: 06-11204 CA 13 FJ. A default judgment against impleader defendants in the amount of $1,564,832 was filed in 2009.
Jorge Ramos v. Omega Capital Funding, LLC, et. al. in the circuit court of the 11th Judicial Circuit in and for Miami-Dade County, Florida. Case No.: 07-38288 CA 09. A final summary judgment was filed in 2009 in the amount of $85,000.
Luxury Home LLC v. Omega et. al. Case No.: CV2011-004554. A default judgment in the amount of $651,116 was filed in 2012 for a previous year's claim.
0
0
0
0
49383
1143
0
0
0
0
7847
0
0
0
0
0
6033
0
28885900
28885900
43885900
150000
600000
750000
15000000
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">NOTE 10 <u>SUBSEQUENT EVENTS</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Subsequent to year end, the Company’s
officer and Director retired 13,000,000 of his 15,000,000 common shares to the Company’s treasury.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of February 20, 2012, the Company issued 2,000,000 shares of common stock to Flavio Zuanier in connection with a strategic
alliance which gave this individual a vested interest in the Company; the shares were valued at par value .01. Separately,
the strategic alliance entity, Gardens VE Limited transferred 49% interest to CCRE a wholly owned subsidiary of Omega Commercial
Finance Corporation representing 49% of the net book value of the strategic alliance entity, Gardens VE Limited. There were
neither other expenses nor net proceeds to the company in this transaction. (Please Reference Exhibit 10.3)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Summary of The Gardens VE Limited Strategic Alliance: On February 20, 2012, CCRE, a wholly owned subsidiary of Omega Commercial
Finance Corporation ("Omega" or the "Company"), entered into the Strategic Alliance Agreement (the "Agreement") with Gardens
VE Limited (Company No. 07071936), a British Company ("Gardens"), and its managing member Flavio Zuanier, whereby the parties
agreed to form a strategic alliance for the acquisition and refurbishment of the La Posta Golf Club & Luxury Hotel future
project. Under the Agreement, the majority owner of Gardens is responsible for the transfer of fix assets, free and clear
and unencumbered into Gardens; subsequently transferring ownership interest equal to forty-nine (49%) percent in of Gardens
VE Limited at no cost to CCRE. Separately, the Company offered at no cost to Flavio Zunnier 2,000,000 shares of restricted
common stock as an incentive to form this strategic alliance with CCRE due to the fact it's unproven in the commercial real
estate development sector, same as for the parent Company.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"></p>