On August 26, 2009, our Board of Directors concluded, upon the advice of management, that our previously issued audited consolidated financial statements for the fiscal year ended December 31, 2008, and interim unaudited consolidated financial statements for the three months ended March 31, 2008 (the "Restatement Periods") presented, respectively, in our Form 10-K filed with the Securities and Exchange Commission on April 14, 2009, and our Form 10-Q filed with the Securities and Exchange Commission on May 20, 2009, will require restatement and should no longer be relied on.

The registrant will restate its balance sheets as of the end of, and its statements of operations, stockholders' equity (deficit) and cash flows for, the Restatement Periods, due to errors discovered pertaining to an overstatement of accounts payable and accrued expenses, and an understatement of notes payable and general and administrative expenses. The effects on the registrant's previously issued financial statements as of and for the fiscal year ended December 31, 2008, are summarized as follows:

                                                As
                                            Previously          As          Increase
   December 31, 2008                         Reported        Restated      (Decrease)

   Current assets                          $    253,440     $  253,440     $         -
   Total assets                                 273,905        273,905               -
   Accounts payable and accrued expenses        363,996        247,002        (116,994 )
   Notes payable                                      -        150,000         150,000
   Total liabilities                            363,996        397,002          33,006
   Total stockholders' equity                   (90,091 )     (123,097 )        33,006

   For the Year Ended
   December 31, 2008

   Revenues                                $          -     $        -     $         -
   General and administrative expense            90,282        123,263          32,981
   Net loss                                     (90,282 )     (123,263 )       (32,981 )

Our Board of Directors has discussed the matters disclosed in this Form 8-K under this Item 4.02 with our independent registered public accounting firm, GBH CPAs, PC.

The Company intends to file as soon as practicable amendments to the above-referenced Form 10-K and Form 10-Q containing the restated consolidated balance sheets, consolidated statements of operations, stockholders' equity (deficit) and cash flows.