NEVADA
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Applied for
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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645 Bayway Boulevard,
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Clearwater Beach, FL
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33767
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(Address of principal executive offices)
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(Zip Code)
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Securities registered under Section 12(b) of the Exchange Act:
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NONE.
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Securities registered under Section 12(g) of the Exchange Act:
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5,160,000 Shares of Common Stock, $0.001 Par Value Per Share.
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
(Do not check if a smaller reporting company)
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Smaller Reporting Company
X
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Page
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Report of Independent Registered Public Accounting Firm
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F-1
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Consolidated Balance Sheets
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F-2
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Consolidated Statements of Operations
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F-3
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Consolidated Statement of Changes in Shareholders' (Deficiency) Equity
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F-4
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Consolidated Statements of Cash Flows
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F-5
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Notes to Consolidated Financial Statements
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F-6-14
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CALIBERT EXPLORATIONS LTD.
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(An Exploration Stage Company)
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CONSOLIDATED BALANCE SHEETS
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CALIBERT EXPLORATIONSRESOURCES, INC
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(AN EXPLORATION STAGE COMPANY)
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STATEMENT OF OPERATIONS
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For the Period
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||||||||||||
from February 21,
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||||||||||||
For the year ended
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For the year ended
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2007 (inception) to
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November 30, 2009
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November 30, 2008
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November 30, 2009
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||||||||||
REVENUES
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$ | - | $ | - | $ | - | ||||||
Cost of operations
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- | - | - | |||||||||
GROSS PROFIT
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- | - | - | |||||||||
OPERATING EXPENSES
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||||||||||||
General and administrative expenses
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20,775 | 38,018 | 79,774 | |||||||||
Total operating expenses
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20,775 | 38,018 | 79,774 | |||||||||
Loss from continuing operations
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before provision for income taxes
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(20,775 | ) | (38,018 | ) | (79,774 | ) | ||||||
Provision for income taxes
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- | - | - | |||||||||
NET LOSS
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$ | (20,775 | ) | $ | (38,018 | ) | $ | (79,774 | ) | |||
Weighted average common shares outstanding
- basic and diluted
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5,160,000 | 5,160,000 | 5,160,000 | |||||||||
Net loss per share-basic and diluted
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$ | (0.00 | ) | $ | (0.01 | ) | $ | (0.02 | ) | |||
CALIBERT EXPLORATIONSRESOURCES, INC
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(AN EXPLORATION STAGE COMPANY)
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STATEMENT OF STOCKHOLDER'S EQUITY
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FOR THE PERIOD FROM February 21, 2007 (INCEPTION) TO NOVEMBER 30, 2009
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Common Stock
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||||||||||||||||||||
200,000,000 shares authorized
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Additional
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Total
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||||||||||||||||||
Number of
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Par Value
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Paid-in
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Accumulated
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Shareholders'
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||||||||||||||||
Shares
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$ | 0.001 |
Capital
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Deficit
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(Deficiency) Equity
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BALANCE, FEBRUARY 21, 2007
(INCEPTION)
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- | $ | - | $ | - | $ | - | $ | - | |||||||||||
Shares subscribed at $0.001
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3,000,000 | 3,000 | - | 3,000 | ||||||||||||||||
Shares subscribed at $0.03
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2,160,000 | 2,160 | 63,572 | 65,732 | ||||||||||||||||
Net loss
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- | - | - | (20,981 | ) | (20,981 | ) | |||||||||||||
BALANCE, NOVEMBER 30, 2007
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5,160,000 | $ | 5,160 | $ | 63,572 | $ | (20,981 | ) | $ | 47,751 | ||||||||||
Net loss
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- | - | - | (38,018 | ) | (38,018 | ) | |||||||||||||
BALANCE, NOVEMBER 30, 2008
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5,160,000 | $ | 5,160 | $ | 63,572 | $ | (58,999 | ) | $ | 9,733 | ||||||||||
Net loss
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- | - | - | (20,775 | ) | (20,775 | ) | |||||||||||||
BALANCE, NOVEMBER 30, 2009
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5,160,000 | $ | 5,160 | $ | 63,572 | $ | (79,774 | ) | $ | (11,042 | ) | |||||||||
CALIBERT EXPLORATIONSRESOURCES, INC
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(AN EXPLORATION STAGE COMPANY)
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STATEMENT OF CASH FLOWS
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February 21, 2007
(inception)
Through November 30, 2009
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February 21, 2007
(inception)
Through November 30, 2008
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Computed “expected” tax benefit
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$ | 7,064 | 12,927 | |||||
Less; benefit of operating loss carryforwards
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7,064 | 12,927 | ||||||
$ | - | - |
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2009
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2008
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Current | $ | - | - | |||||
Non-current
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27,124 | 20,060 | ||||||
Total gross deferred tax assets
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27,124 | 20,060 | ||||||
Less valuation allowance
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(27,124 | ) | (20,060 | ) | ||||
Net deferred tax assets
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$ | - | - |
Ended November 30,
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2009
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2008
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Numerator:
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Continuing operations:
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Income from continuing operations
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$ | ( 20,775 | ) | $ | ( 38,018 | ) | ||
Effect of dilutive convertible debt
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-- | -- | ||||||
Total
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$ | ( 20,775 | ) | $ | ( 38,018 | ) | ||
Discontinued operations
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Loss from discontinued operations
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-- | -- | ||||||
Net income (loss)
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$ | ( 20,775 | ) | $ | ( 38,018 | ) | ||
Denominator:
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Weighted average number of shares
outstanding – basic and diluted
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5,160,000 | 5,160,000 |
Exhibit
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Number
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Description of Exhibits
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3.1
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Articles of Incorporation.
(1)
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3.2
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Bylaws,.
(1)
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4.1
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Form of Subscription.
(1)
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14.1
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Code of Ethics.
(1)
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31.1
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Certification of Principal Executive Officer and Principal Financial Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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32.1
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Certification of Principal Executive Officer and Principal Financial Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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(1)
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Filed with the SEC as an exhibit to our Registration Statement on Form S-1originally filed on, June 9, 2008, as amended.
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CALIBERT EXPLORATIONS, LTD.
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BY:
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DAVID SALTRELLI
David Saltrelli, President, Principal Executive Officer,
Principal Accounting Officer and a member of the
Board of Directors.
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Signature
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Title
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Date
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DAVID SALTRELLI
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President, Principal Executive Officer, Principal
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May 20, 2010
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David Saltrelli
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Financial Officer and a member of the Board of Directors.
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PETER SCHUSTER
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Secretary, Treasurer and a member of the Board
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May 20, 2010
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Peter Schuster
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of Directors
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1.
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I have reviewed this Form 10-K/A for the year ended November 30, 2009 of Calibert Explorations Ltd.;
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2.
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Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
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3.
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Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
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4.
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I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
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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 our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is 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 our 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;
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c.
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Evaluated the effectiveness of the registrant
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s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and,
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d.
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Disclosed in this report any change in the registrant
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s internal control over financial reporting that occurred during the registrant
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s most recent fiscal quarter (the registrant
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s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant
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s internal control over financial reporting; and
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5.
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I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant
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s auditors and the audit committee of the registrant
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s board of directors (or persons performing the equivalent functions):
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a.
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All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant
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s ability to record, process, summarize and report financial information; and
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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 registrant
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s internal control over financial reporting.
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Date: May 20, 2010
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DAVID SALTRELLI
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David Saltrelli
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Principal Executive Officer and Principal Financial Officer
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(1)
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The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
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(2)
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The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
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DAVID SALTRELLI
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David Saltrelli
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Chief Executive Officer and Chief Financial Officer
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