FLORIDA
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22-2537194
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(State
of other jurisdiction
of
incorporation or organization)
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(I.R.S.
Employer Identification Number)
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Registrant’s
telephone number, including area code:
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516-939-9400
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Large
Accelerated Filer □
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Accelerated
Filer □
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Non-Accelerated
Filer □
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Smaller
Reporting Company ■
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Page
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Part
I
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Financial
Information
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Item
1.
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Financial
Statements
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3
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Balance
Sheets as of September 30, 2008 and December 31,
2007(Unaudited)
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F-1
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Statements
of Expenses for the Nine Months Ended September 30, 2008 and
2007(Unaudited)
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F-2
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Statements
of Cash Flows for the Nine Months Ended September 30, 2008 and 2007
(Unaudited)
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F-3
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Notes
to the Interim Financial Statements (Unaudited)
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F-4
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Item
2.
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Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
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7
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Item
3.
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Quantitative
and Qualitative Disclosures About Market Risk
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8
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Item
4.
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Controls
and
Procedures
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9
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Part
II
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Other
Information
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9
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Item
1.
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Legal
Proceedings
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9
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Item
2.
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Unregistered
Sales of Equity Securities and Use of Proceeds
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9
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Item
3.
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Defaults
Upon Senior Securities
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9
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Item
4.
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Submission
of Matters to a Vote of Security Holders
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10
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Item
5.
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Other
Information
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10
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Item
6.
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Exhibits
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10
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Signatures
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10
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Ex-31.1 Section
302 Certification of Principal Executive Officer
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Ex-31.2 Section
302 Certification of Principal Financial Officer
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Ex-32 Section 906
Certification of Officers
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September
30,
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December
31,
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|||||||
2008
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2007
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|||||||
ASSETS
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||||||||
Total
assets
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$ | - | $ | - | ||||
LIABILITIES
AND STOCKHOLDERS’ EQUITY (DEFICIT)
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||||||||
Current
liabilities
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||||||||
Accounts
payable
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$ | - | $ | |||||
Total
current liabilities
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- | |||||||
Stockholders’
equity (deficit):
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||||||||
Common
stock, $.01 par value, 50,000,000 shares authorized;
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1,5 | |||||||
41,725,028
shares issued and outstanding
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417,250 | 417,250 | ||||||
Additional
paid in capital
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7,488,900 | 7,488,900 | ||||||
Accumulated
deficit
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(7,906,150 | ) | (7,906,150 | ) | ||||
Total
stockholders’ equity (deficit)
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- | |||||||
Total
liabilities and stockholders’ equity (deficit)
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$ | - | $ | - |
Nine
months Ended
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||||||||
September
30,
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||||||||
2008
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2007 | |||||||
Operating
expenses
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||||||||
General
& administrative costs
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$ | $ | ||||||
Net
loss
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$ | $ | ||||||
Basic
and diluted net loss per common share
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$ | $ | ||||||
Weighted
Average Number Of Common Shares Outstanding
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STATEMENTS
OF CASH FLOWS
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Nine
Months
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Nine
Months
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|||||||
Ended
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Ended
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|||||||
September
30, 2008
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September
30, 2007
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CASH FLOWS FROM
OPERATING ACTIVITIES:
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Net
loss
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$ | $ | ||||||
Changes
in operating liabilities:
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||||||||
Accounts
payable
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||||||||
Net
cash used in operating activities
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CASH FLOWS FROM
FINANCING ACTIVITES:
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||||||||
Capital
contribution
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||||||||
Net
cash provided by financing activities
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||||||||
Increase
in Cash
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- | - | ||||||
Cash,
Beginning of Period
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- | - | ||||||
Cash,
End of Period
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$ | - | $ | - | ||||
Supplemental
Disclosure of Cash Flow Information:
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||||||||
Interest
paid
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$ | - | $ | - | ||||
Income
taxes paid
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$ | - | - | |||||
a.
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designed
such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under their supervision, to ensure
that material information relating to the Company is made known to them by
others within those entities, particularly during the period in which the
periodic reports are being
prepared;
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b.
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designed
such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under their supervision,
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
and
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c.
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evaluated
the effectiveness of the Company’s disclosure controls and procedures as
of the end of the fiscal quarter (the “Evaluation
Date”).
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a.
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any
significant deficiencies in the design or operation of internal controls
which could adversely affect the Company’s ability to record, process,
summarize and report financial
data;
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b.
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any
fraud, whether or not material, that involves management or other
employees who have a significant role in the Company’s internal controls;
or
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c.
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any
material weaknesses in internal controls that have been or should be
identified for the Company’s auditors and disclosed to the Company’s
auditors and the audit committee of the board of directors (or persons
fulfilling the equivalent
function).
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