As filed with the Securities and Exchange Commission on August 12, 2011

Registration No. 333-176258

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM S-1/A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

DREAM HOMES LIMITED

(Exact name of Registrant as specified in its charter)

Nevada

1520

26-1917476

(State or other jurisdiction of

(Primary Standard Industrial

(I.R.S. Employer

incorporation or organization)

Classification  Code Number)

Identification Number)

314 Route 9

Forked River, New Jersey 08731

(609) 693 – 8881 Ext. 102

(Address, including zip code, and telephone number, including

area code, of Registrant's principal executive offices)

Vincent Simonelli

Chief Executive Officer

Dream Homes Limited

314 Route 9

Forked River, New Jersey 08731

(609) 693 – 8881 Ext. 102

(Name, address, including zip code, and telephone number, including

area code, of agent for service)

Copies to:

Christopher H. Dieterich, Esq.

Dieterich & Associates,  LP

11835 West Olympic Blvd., Suite 1235E

Los Angeles, California 90064

(310) 312-6888

Approximate date of commencement of proposed sale to the public:

As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this Form  are to be offered on a delayed or continuous basis pursuant to Rule  415 under the Securities Act of

1933 check the following box: x

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list

the Securities Act registration statement number of the earlier effective registration statement for the same offering. o

1

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act

registration statement number of the earlier effective registration statement for the same offering. o

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act

registration statement number of the earlier effective registration statement for the same offering. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated file, or a smaller reporting company.  See

the definitions of "large accelerated filer”“, accelerated filer”, and "smaller reporting company" in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer o

Accelerated filer o

Non-accelerated filer o

Smaller reporting company x

(Do not check if a smaller reporting

company)

CALCULATION OF REGISTRATION FEE

Title of Each Class of

Amount to

Proposed Maximum

Proposed Maximum

Amount of

Securities  to be Registered

be Registered (1)

Offering Price

Aggregate

Registration Fee

Per Share(2)

Offering Price

  Common Stock, $0.001 par value per

5,000,000

$1.00

$5,000,000

$580.50

  share

(1) Pursuant to Rule 416 under the Securities Act, the shares being registered hereunder include such indeterminate number of  shares  of

common stock as may be issuable with respect to the shares being registered hereunderbecause of stock splits, stock dividends, or similar

transactions.

(2) Estimated solely for calculating the amount of the registration fee pursuant to Rule 457(c) of the Securities Act of 1933, using theprice

included in the Company’s most recent private placement, which occurred in September 2010.

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant

shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with

section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange

Commission acting pursuant to said section 8(a) may determine.

2

The  information  in  this  prospectus  is  not  complete  and  may  be  changed.   We  may  not  sell  these  securities

until   the   registration   statement   filed   with   the   Securities   and   Exchange   Commission   is   effective.     This

prospectus  is  not  an  offer  to  sell  these  securities  and  it  is  not  soliciting  an  offer  to  buy  these  securities  in  any

jurisdiction where the offer or sale is not permitted.

Subject to Completion, Dated January __, 2012

Prospectus

Dream Homes Limited.

5,000,000 Shares

Common Stock

Maximum Offering Price per Share $1.00

This  is  the  initial  public  offering  of  common  stock  oDfream  Homes  Limited (“Dream  Homes”,  the  “Company”,

“we”,  “us”  or  in  the  possessive  “our”).   Before  this  offering,  there  has  been  no  public  market  for  our  common  stock

and our common stock is not listed on any stock exchange or on the over-the-counter  market.

The securities offered in this Prospectus involve a high degree of risk.  YOU SHOULD CAREFULLY CONSIDER

THE FACTORS DESCRIBED UNDER THE HEADING “RISK FACTORS” BEGINNING ON PAGE 9.

The  information  in  this  prospectus  is  not  complete  and  may  be  changed. We  may  not  sell  these  securities  until  the

registration  statement  filed  with  the  Securities  and  Exchange  Commission  is  effective.   This  Prospectus  is  not  an

offer  to  sell  these  securities  and  it is  not  soliciting  an  offer  to  buy these  securities  in any state  where  the  offer  or  sale

is not permitted.

Neither  the  Securities  and  Exchange  Commission  nor  any  state  securities  commission  has  approved  or  disapproved

of these  securities or  passed  upon the  adequacy or  accuracy  of this prospectus.   Any representation to  the  contrary is

a criminal offense.

This  distribution  of  our  common  shares  isthe  first  public  distribution  of  our  share.s  It  is  our  intention  to  seek  a

market  maker  to  publish  quotations  for  our  shares  on  the  OTC  Electronic  Bulletin  Board  (“Bulletin  Board”). So  far,

no one has agreed to be our primary market maker on the Bulletin Board.  We can provide no assurance to you that a

public  market  for  our  shares will  develop  and  if so,  what  the  market  price  of our  shares  may be.  The  Company, on  a

best   efforts   basis,  will   offer   the   shares   at   $1.00   per   shareT. here   is   no   minimum   amount   needed   to   close   this

offering.

NEITHER    THE    SECURITIES    AND    EXCHANGE    COMMISSION    NOR    ANY    STATE    SECURITIES

COMMISSION  HAS  APPROVED  OR  DISAPPROVED  OF  THESE  SECURITIES  OR  DETERMINED  IF

THIS PROSPECTUS IS TRUTHFUL OR COMPLETE.   ANY REPRESENTATION TO THE CONTRARY IS A

CRIMINAL OFFENSE.

The date of this prospectus is January __, 2012

3

TABLE OF CONTENTS

  CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING  STATEMENTS

5

  PROSPECTUS SUMMARY

6

  RISK FACTORS

9

USE OF PROCEEDS

18

SELLING STOCKHOLDERS

20

DESCRIPTION OF SECURITIES

20

DESCRIPTION OF BUSINESS

21

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

24

RESULTS OF OPERATIONS

MANAGEMENT

31

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

32

EXECUTIVE COMPENSATION

33

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

33

DESCRIPTION OF CAPITAL STOCK

34

PLAN OF DISTRIBUTION

36

CHANGES AND DISAGREEMENTS WITH ACCOUNTANTS

40

LEGAL MATTERS

40

OUR TRADING SYMBOL

40

EXPERTS

40

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

42

This prospectus  is part  of  a  registration  statement  that  we  filed  with  the  Securities and  Exchange  Commission.   You

should  rely  only  on  the  information  contained  in  this  prospectus  or  to  which  we  have  referred  you.   We  have  not

authorized  anyone  to  provide  you  with  information  or  to  make  any  representation  on  behalf  of  the  Company  that  is

different   from   that   contained   in   this   prospectus.     You   should   not   rely   on   any   unauthorized   information   or

representation.   This prospectus is an offer to sell only the securities offered by this prospectus under circumstances

and  in  jurisdictions where  it  is lawful  to  do  so.   The  information  in  this prospectus is accurate  only  as of  the  date  of

this  prospectus,  regardless  of  the  date  of  delivery  of  this  prospectus  or  of  any  sales  of  these  securities.    Our

business,   financial   condition,   results   of   operations   and   prospects   may   have   changed   since   the   date   of   this

prospectus.  This prospectus may be used only in jurisdictions where it is legal to sell these securities.

4

EXPLANATORY NOTE

In this Registration Statement, “the Company”, “we”, “us”, and “our” refer to Dream Homes Limited.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

Some  of  the  statements  contained  or  incorporated  by  reference  in  this  prospectus  are  "forwar-dlooking  statements"

These   statements   are   based   on   the   current   expectations,   forecasts,   and   assumptions   of   our   management   and   are

subject  to  various risks  and  uncertainties  that  could  cause  our  actual  results to  differ  materially from those  expressed

or  implied  by  the  forwardlo-  oking  statements.   Forward-looking  statements  are  sometimes  identified  by  language

such    as    "believe,"    "may,"    "could,"    "estimate,"    "continue,"    "anticipate,"    "intend,"    "should,"    "plan,"    "expect,"

"appear,"  "future,"  "likely,"  "probably,"  "suggest,"  "goal,"  "potential"  and  similar  expressions  and  may  also  include

references  to  plans,  strategies,  objectives,  and  anticipated  future  performance  as  well  as  other  statements that  are  not

strictly  historical  in  nature.   The  risks,  uncertainties,  and  other  factors  that  could  cause  our  actual  results  to  differ

materially  from  those  expressed  or  implied  in  this  prospectus  include,  but  are  not  limited  to,  those  noted  under  the

caption  "Risk  Factors"  beginning  on  page  8  of  this  prospectus.   Readers  should  carefully  review  this  information  as

well  the  risks  and  other  uncertainties  described  in  other  filings  we  may  make  after  the  date  of  this  prospectus  with

the Securities and Exchange Commission.

Readers    are    cautioned    not    to    place    undue    reliance    on    f-olorowkiarngd     statements.     They    reflect    opinions,

assumptions, and estimates only as of the date they were made, and we undertake no obligation to publicly update or

revise  any  forward-looking  statements  in  this  prospectus,  whether  as  a  result  of  new  information,  future  events  or

circumstances, or otherwise.

5

PROSPECTUS SUMMARY

This summary highlights the information contained elsewhere in this prospectus.   Because this is only a  summary, it

does  not  contain  all  of  the  information  that  you  should  consider  before  buying  shares  of  our  common  stock.   You

should   read   the   entire   prospectus   and   any   prospectus   supplements   carefully,   especially   the   sections   entitled

"Caution  Regarding  Forward  Looking  Statements,"  "Risk  Factors"  and  "Management's  Discussion  and  Analysis  of

Financial  Condition  and  Results  of  Operations,"  together  with  our  financial  statements  and  the  related  notes

included  elsewhere  in  this  prospectus  and  in  any  prospectus  supplements  related  thereto,  before  deciding  to

purchase shares of our common stock.

Dream Homes Limited.

Depending  upon  the  context,  hte  terms  "Dream  Homes  Limited”,  “Dream  Homes”,  “Company,"  "we,"  "our"  and

"us," refers to either Dream Homes Limited alone or Dream Homes Limited and its subsidiaries collectively.

Organizational History

Dream  Homes  Limited  (the  “Company”)  was  incorporated  in  the  State  of  Nevada  on  January  29,  2008as  Foxmoor

Holdings Corp.  It amended its Articles to and recently changed its name to Dream Homes Limited on July 30, 2010.

It  is  a  newlycreated  entity  with  the  business  purpose  of  expanding,  exploring  and  capitalizing  on  the  current  and

future  opportunities  for  real  estate  development  and  construction,  primarily  in  the  southern  New  Jersey  marketIt.

intends   to   utilize   the   real   estate   expertise   of   its   managers   and   owners,   who   for   the   timeg  bweiilln   be   devoting

substantial   portions   of   their   time   and   energies   on   a   volunteer   basiDs reatom   Homes   Limited.    We   have   not

generated  any  revenues  from  operations,  but  must  be  considered  a  star-tup  business.   Our  statutory  registered  agent

in  Nevada  is  Robert  M.  Terry.    Our  administrative  office  is  located  at  314  Rt.  9,  Forked  River,  NJ  08731Our.

telephone number is (609) 693-8881, extension 102.

Dream  Homes  Limited’s potential  operations  include  the development,  sale  of  a  variety  of  approvedand  improved

properties,  residential  communities,  including  construction  of  entry-level  and  first  time  move-up  single-family  and

multi-family homes.

Summary Financial Data

Because  this  is  only  a  summary  of  our  financial  information,  it  does  not  contain  all  of  thefinancial  information  that

may  be  important  to  you.   Therefore,  you  should  carefully  read  all  of  the  information  in  this  prospectus  and  any

prospectus   supplement,   including   the   financial   statements   and   their   explanatory   notes   and   the   section   entitled

"Management's   Discussion   and   Analysis   of   Financial   Condition   and   Results   of   Operations,"   before   making   a

decision  to  invest  in  our  common  stock.   The  information  contained  in  the  following  summary  are  derived  from  our

financial  statements  for  the  quarters  endedSeptember  30,  2011 and  2010,  and  the fiscal  years  ended  December  31,

2010, 2009, and 2008.

6

Statement of Operations Data:

Nine Months Ended September

Year Ended December 31,

30,

2011

2010

2010

2009

Revenue from the sale of homes

$

-

$

-

$

-

$

-

Cost of homes sold

-

-

-

-

Common stock issued for consulting

-

825,000

825,000

1,667,616

     services

Professional fees accrued or paid

47,238

7,000

9,000

28,600

     with cash

Selling, general, and administrative

363

215

366

7,243

Rent

9,000

9,000

12,000

12,000

Depreciation

300

300

1,300

400

Total operating expenses

56,901

841,515

846,766

1,715,859

Net loss

$   (61,701)

$ (838,515)

$ (859,881)

$ (1,749,189)

Balance Sheet Data:

Nine Months Ended September 30,

Year Ended December 31,

2011

2010

2010

2009

Cash and cash equivalents

$

-

$

36

$

485

$

651

Miscellaneous receivables

-

-

-

4,970

Property held for development

414,765

414,765

414,765

414,765

Due from related parties

84,986

227,557

84,986

217,581

Office equipment, net

992

1,100

1,000

1,400

     Total assets

$  500,743

$  643,458

$  501,236

$  639,367

     Net stockholders’ equity

$  307,524

$  390,291

$  369,225

$  404,106

Our  Principal  Executive  Offices.   Our  principal  executive  offices  are  located  at314  Route  9,  Forked River,  New

Jersey     08731.    Our      telephone      number     (i609)s

6938881,-

extension     102and     our      website     aeddrss     is

www.dreamhomesltd.com.  Information included or referred to on our website is not a part of this prospectus.

Market Data and Industry Information

We  obtained  the  market  data  and  industry  information  contained  in  this  prospectus  from  internal  surveys,  estimates,

reports,  and  studies,  as  appropriate,  as  well  as  from  market  research,  publicly  availabinleformation,  and  industry

publications.   Although  we  believe  our  internal  surveys,  estimates,  reports,  studies  and  market  research,  as  well  as

industry publications are reliable, we have not independently verified such information.

7

Summary of the Offering

Shares of common stock offered by us

5,000,000 shares

Offering Price

$1.00 per share

Use of proceeds

We   intend   to   use   such   proceeds   for   working   capital,   reduction   of

indebtedness, acquisitions and other general corporate purposes.

Shares  are  being  offered   by  the  Company  on  aBe“st  Efforts”   basis,

Risk Factors

meaning   that   there   is   no   assurance   that   any   or   all   of   the   remaining

Offering    will    be    sold. An    investment    in    our    common    stock    is

speculative  and  involves  substantial  risks.   You  should  read the  “Risk

Factors” section of this prospectus for a discussion of certain factors

to   consider   carefully   before   deciding   to   invest   in   shares   of   our

common stock.

Plan of Distribution

The  shares  of  common  stock  covered  by  this  prospectus  may  be  sold

by

the Registrant    in

the

manner

described

under

"Plan

of

Distribution”, starting on page  36 of this Prospectus.

OTC Bulletin Board Symbol

The  Common  Stock  of  Dream  Homes  does  not  havea  trading  symbol

at this time.

Questions and Answers about the Offering

Q.

How many Dream Homes Ltd. Shares will I receive?

A.

Dream  Homes  will  issue  to  you  one(1)  share  of  our  common  stock  for  each  dollar  ($1.00)  that  you  choose

to invest.  Fractional shares will not be allowed.

Q.

What are shares of Dream Homes worth?

A.

The  value  of  our  shares  will  be  initially  set  at  $1.00,  but  their  ultimate  value  will  be  determined  by  their

trading price  after  the  offering,  and  assuming that  we  become  a trading company.   We  do  not  know  what  the  trading

price will be and we can provide no assurances as to value or even if the shares will trade at all.

Q.

What will Dream Homes do after the offering?

A.

The  Company’s  business  will  not  change  as  a  result  of  this  transaction.   We  are  currently  a  developme- nt

state enterprise.

Q.

Will Dream Homes shares be listed on a national stock exchange or the NASDAQ Stock Market.

A.

Our  shares  will  not  be  listed  on  any  national  stock  exchange  nor  on  the  NASDAQ  Stock  MarketI.t  is  our

hope that the shares will be quoted by one or more market makers on the Bulletin Board.

8

RISK FACTORS

THE  PURCHASE   OF  THE  SHARES  IS  HIGHLY  SPECULATIVE   AND  INVOLVES  A  HIGH   DEGREE   OF  RISK.    EACH

PROSPECTIVE INVESTOR IS URGED TO CONSIDER CAREFULLY THE RISK FACTORS DISCUSSED BELOW, IN ADDITION

TO  THE  RISKS  SET  FORTH  ELSEWHERE,  IN  DETERMINING  WHETHER  AN  INVESTMENT  IN  THE  COMPANY  SHOULD

BE  MADE  AND  IS  APPROPRIATE  FOR  THEM.  YOU  SHOULD  NOT  INVEST  IN  OUR  COMMON  STOCK  UNLESS  YOU  CAN

AFFORD TO LOSE YOUR ENTIRE INVESTMENT AND YOU ARE NOT DEPENDENT ON THE FUNDS YOU ARE INVESTING.

Added Costs Due to Being a Public Company.

There  is  a  substantial  increase  of  costs  to  the  Companybecause  of  being  Public.   These  costs  include,  but  are  not

limited  to  the  cost of  conducting  a  yearly  audit  of  the  financial  condition  and  quarterly  reviews  of  the  Company  and

such   costs   can   be   in   excess   of   $50,000   year.  lyIn   addition,   there   can   be   additional   legal   costs   associated   with

preparing   all   necessary   filings   with   the   Secituiers   and   Exchange   Commission   or   other   regulatory   body,   if   the

Company  is  not  subject  to  the  reporting  requirements  of  section  13  or  15(d)  of  the  Securities  A.  cTt here  are  also

assorted   other   additional   costs   to   the   Company   for   being   Pu.bl  Bic   ecauseof   all   of   these   additional   costs,   the

Company  is  likely  to  be  less  profitable,  if  it  becomes  profitable,  if  it  does  not  generate  enough  revenue,  when  and  if

commences producing revenue, to cover the additional costs.

Our Board of Directors does not contain any independent directors.

Our   board   is   composed   of   two   members,   Vincent   Simonelli   and   Richard   Pezzullo.    M r.   Simonelli   current   owns

78.68%   of   the   issued   and   outstanding   common   stock   shares   of   Dream  Homes.    MPezzur.    llo  is   an   employee   of

Dream  Homes,  serving  as  the  VP  of  Information  Technology,  as  well  as  second  member  of  the  board.    Thus,  the

Board   members   are   not   an   “independent”   director,   based   on   the   independence   criteria   set   forth   in   the   corporate

governance  listing  standards  of  the  NASDAQ  Stock  Mark.et The  NASDAQ  is  the  exchange  that  we  selected  in

order   to   determine   whether   our   directors   and   committee   members   meet   the   independence   criteria   of   a   national

securities exchange,  as required  by Item 407(a)(1)  of Regulation S-K.   An  independent  director  means a  person  who

is  not  an  employee  (or  a  relative  of  an  employee),  who  has  no  material  business  relationship  with  the  companya,nd

is  not  a  significant  owner  of  the  company’s  shares.   Due  to  our  small size,  the  Company  does  not  presently  have  a

separately designated audit committee, compensation committee, or nominating committee.

We  have  a  history  of  no  revenue  and  no  income  and  recent  losses  since  our  inception  that  may  continue  and

cause investors to lose their entire investment.

Dream  Homes  Limited  (formerly  Foxmoor  Holdings  Corp),  (“Dream  Homes”),  is  a  Nevada  corporation  formed  on

January  29,  2008 and  it  has  cumulative net  losses  amounting  to  $2,894,785  from  Inception  to  December  31,  2010,

losses  amounting  to  $859,881 for  the  year  ended  December  31,  2010  and  losses  amounting  to$61,701  for  the nine

months ending September 30, 2011.

Because of these conditions, we will require additional working capital to develop our business operations.  We have

not  achieved  profitability  and  we  can  give  no  assurances  that  we  will  achieve  profitability  within  thenear  future,  as

we fund operating and capital expenditures, in such areas as sales and marketing and research and development.  We

cannot  assure investors  that  we  will  ever  achieve  or  sustain  profitability or  that  our  operating losses  will  not  increase

in  the  future.   If  we  continue  to  incur  losses,  we  will  not  be  able  to  fund  any of our  sales and  marketing and  research

and  development  activities, and  we  may  be  forced  to  cease  our  operation. s If  we  are  forced  to  cease  operations,

investors will lose the entire amount of their investment.

Our  independent  auditors  have  expressed  substantial  doubt  about  our  ability  to  continue  as  a  going  concern,

which may hinder our ability to obtain future financing and which may force us to cease operations.

In  their  report  dated  April  15,  2011,  our  independent  auditors  stated  that  our  financial  statements  for  the  year  ended

December  31,  2009  and  2010  were  prepared  assuming  that  we  would  continue  as  a  going  concer.n Our  ability  to

continue  as a going concern is  an issue  raised because of recurring losses  from operations and  cash flow deficiencies

since  our  inception.   We  continue  to  experience  net  losses.   Our  ability  to  continue  as  a  going  concern  is  subject  to

our   ability   to   generate   a  p rofit   and/or   obtain   necessary   funding   from   outside   so.urcesThese   include   obtaining

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additional   funding   from   the   sale   of   our   securities,   increasing   sales   or   obtaining   loansgraanntds   from   various

financial institutions.  In light of our financial position, and the current global credit crisis, we may be unable to raise

working capital  sufficient  to  continue  to  fund  the  operations  of the  business.   If  we  are  unable  to  continue  as a  going

concern,    you   may   lose    your   entire   investm.enOt  ur    management   has   currently   been   advancing   funds   to   the

Company  to  help  sustain  its  operations  on  a  non-interest  bearing  and  unsecured  basis.   Given  the  difficult  current

economic  environment,  we believe  that  it  will  be  difficult  to  raise  additional  funds  and  there  can  be  no  assurance  as

to   the   availability   of   additional   financing   or   the   terms   upon   which   additional   financing   may   be   av. ailaInble

addition,  the  going  concern  explanatory  paragraph  included  in  our  auditor’s  report  on  our  financial  statements  could

inhibit  our  ability  to  enter  into  strategic  alliances  or  other  collaborations  or  our  ability  to  raise  additional  financin. g

If   we   are   unable   to   obtain   such   additional   capital,   we   will   notablbee   to   sustain   our   operations   and   would   be

required   to   cease   our   operations   and/or   seek   bankruptcy   protect.ionEven   if   we   do   raise   sufficient   capital   and

generate  revenues  to  support  our  operating  expenses,  there  can  be  no  assurance  that  the  revenue  will be  sufficient  to

enable   us   to   develop   our   business   to   a  l evel   where   it   will   generate   profits   and   cash   flows   from   oper.  atIinons

addition,  if  we  raise  additional  funds  through  the  issuance  of  equity  or  convertible  debt  securities,  the  percentage

ownership   of   our   stockholders   could   be   significantly  diluted,   and   thenesewly   issued securities   may   have   rights,

preferences,   or   privileges   senior   to   those   of   existing   stockho.ldeIrfs   we   obtain   additional   debt   financing,   a

substantial  portion  of  our  operating  csah  flow  may  be  dedicated  to  the  payment  of  principal  and  interest  on  such

indebtedness, and the terms of the debt securities issued could impose significant restrictions on our operations.

The  loss  of   Vincent  Simonelli,  our   Chief   Execute  Officer,  or  our   inability  to  attract  and  retain  qualified

personnel could significantly disrupt our business.

We  are  wholly dependent,  at  present,  on the  personal  efforts and  abilities of Vincent  Simonelli,  our  Chairman,  Chief

Executive  Officer  & Chief  Financial  Officer.  He  is  46  years old.  The  loss  of  services  of  Mr.  Simonelli  will  disrupt,

if  not  stop,  our  operations.   In  addition,  our  success  will  depend  on  our  ability  to  attract  and  retain  highly  motivated,

well-educated  specialists  to  our  staff.   Our  inability  to  recruit  and  retain  such  individuals  may  delay  implementing

and  conducting  our  business  on  the  internet,  and  or  result  in  high  employee  turnover,  which  could  have  a  materially

adverse  effect  on our  business  or  results  of operations once  commenced.   There  is no  assurance  that  personnel  of the

caliber that we require will be available.

Because  we  have  a  limited  operating  history,  we  may  not  be  able  to  successfully  manage  our  business  or  achieve

profitability,  it  will  be  difficult  for  you  to  evaluate  an  investment  in  our  stock,  and  you  may  lose  your  entire

investment.

We  were  initially  formed  in  January  2008.   We  have  a  limited  operating  history.   Our  prospects  must  be  considered

in  light  of  the  risks,  costs  and  difficulties  frequently  encountered  by  companiesin  their  early  stage  of  development.

In  order  to  be  successful,  we  must,  raise  meaningful  amounts  of  capital,  commence  construction  and  sell  several

houses  to  be  profitable.  There  is,  therefore,  nothing  at  this  time  on  which  to  base  an  assumption  thaturo business

will   prove   successful,   and   there   is   no   assurance   that   it   will   be   able   to   operate   profitably   if   or   when   operations

commence.  You may lose your entire investment due to our lack of experience.

Risks Related to Our Business

Our  home  sales  and  operating  revenues  could  decline  due  to  macro-economic  and  other  factors  outside  of  our

control, such as changes in consumer confidence and declines in employment levels.

Changes  in  national  and  regional  economic  conditions,  as  well  as  local  economic  conditions  where  we  conduct  our

operations    and    where    prospective    purchasers    of    our    homes    live,    may    result    in    more    caution    on    the    part    of

homebuyers  and,  consequently,  fewer  home  purchases.   These  economic  uncertainties  involve,  among  other  things,

conditions  of  supply  and  demand  in  local  markets  and  changes  in  consumer  confidence  and  income,  employment

levels,   and   government   regulations.    These   risks   and   uncertainties   could   periodically   have   an   adverse   effect   on

consumer   demand   for   and   the   pricing   of   our   homewsh, ich   could   cause   our   operating   revenues   to   declineA.

reduction   in   our   revenues   could,   in   turn,   negatively   affect   the   market   price   of   our   securities.     Although   market

conditions  in  the  housing  industry  were  strong  in  recent  years,  the  market  has  signifciantly  slowed  in 2008 and  2009

in  our  markets,  as  new  contracts  have  declined  and  cancellation  rates  have  increased.   The  homebuilding  industry  is

cyclical,   has   from   time   to   time   experienced   significandift ficulties,  and   is   significantly   affected   by   chansgein

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general and local economic conditions such as:

• employment levels and job growth;

• availability of financing for  home buyers;

• interest rates;

• consumer confidence;

• housing demand; and

• population growth.

An  oversupply  of  alternatives   to   new  homes,   such  as  rental   properties  and   usheodmes  could   depress  prices  and

reduce margins for the sale of new homes.

Weather  conditions  and  natural  disasters  such  as  hurricanes,  tornadoes,  earthquakes,  floods  and  fires  can  harm  the

local homebuilding business.

The difficulties described above could cause us to take longer and incur  more costs to build our homes.   We  may not

be able to recapture increased costs by raising prices in many cases because we fix our prices up to twelve months in

advance  of  delivery  by  signing  home  sales  contracts.   In  addition,  some  home  buyers  may  cancel  or  not  honor  their

home sales contracts altogether.

A  substantial  increase  in  mortgage  interest  rates  or  unavailability  of  mortgage  financing  may  reduce  consumer

demand for our homes.

Virtually  all  purchasers  of  our  homes  finance  their  acquisitions  through  lenders  providing  mortgage  financingA.

substantial  increase  in   mortgage  interest  rates  or  unavailability  of  mortgage   financing  would  adversely  affect  the

ability  of prospective  first  time and  move-up  homebuyers  to  obtain  financing  for  our  homes,  as  well  as  adversely

affect the ability of prospective move-up homebuyers to sell their current homes.  As a result, our  margins, revenues,

and cash flows may also be adversely affected.

If  we  are  unsuccessful  in  competing  against  our  homebuilding  competitors,  our  market  share  could  decline  or

our growth could be impaired and, as a result, our financial results could suffer.

Although  we  are  a  development-stage  company,  and not  currently  selling  housing,  competition  in  the  homebuilding

industry  is  intense,  and  there  are  relatively  low  barriers  to  entry  into  our  business.   Increased  competition  could  hurt

our  business,  as  it  could  prevent  us  from  acquiring  attractive  parcels  of  land  on  which  to  build  homes  or  make  such

acquisitions  more  expensive,  hinder  our  market  share  expansion,  and  lead  to  pricing  pressures  on  our  homes  that

may   adversely affect  our   margins   and   revenue.s   If   we   are   unable   to   successfully   compete,   our   financial   results

could  suffer  and  the  value  of,  or  our  ability  to  service  our  debt,  including  the  notes  purchased  through  the  February

2008    Private    Placement    could    be    adversely    affec. tedOur    competitors    mayindependently    develop    land    and

construct    housing    unist   that   are   superior   or   substantially   similar   to   our   pro.ducFtsurthermore,   some   of   our

competitors   have   substantially   greater   financial   resources   and   lower   costs   of   funds   than   w.e   dMoany   of   these

competitors   also   have   longstanding   relationships   with   subcontractors   and   suppliers   in   the   markets   in   which   we

operate.

While  the  current  market  situation,  (in  which  many  of  the  national  builders  in  the  southern  New  Jersey  area  have

either,  temporarily,  or  permanently  curtailed  their  residential  home-building  operations  (at  least  anything  considered

speculative  in  nature)),  is  considered  by  Management  to  be  apositive  state  of  events,  one  wonders  how  long  this

fortunate   circumstance   can   persis.t   Certainly,   as   the   national   and   larger   regional   builders   (Khov,   Ryan,   Pulte,

Iacobucci)    wade   carefully   back   into   the   market,   supply   will   necessarily   increasClae.ssically,    with   all   other

variables  remaining  equal,  increased  supply  generally  serves  as  a  depressant  to  prices.   Nevertheless,  one  of Dream

Homes’ competitive advantages is the  experience  of the  management  team in constructing starter  or  first  time  move-

up  homes  on  a  speculative  basis,  while  the  competition  generally  persists  in  constructing  only  as  firm  commitments

are  in  hand.   This  advantage  will  persist  andremain  as  important,  or  increasingly  more  important,  as  the  market

continues to evolve.

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It  is  Management’s  firm  opinion  that  there  currently  exists,  and  will  continue  to  exist  for  the  foreseeable  future,  a

vast  market  and  demand  from,  consisting  of  homebuyers  in  New  Jersey  who  have  been  unable  to  afford  homes,  and

further   that   good   quality  speculative  residential  inventory   which  is  presented   to   this   market  intelligently,   will  be

readily absorbed.  While the competition often has financial resources,  which (currently) dwarf that of the  Company,

the  management  team  has  the  experience  and  proven  ability  to  react  more  quickly  and  accurately  to  current  market

requirements.  These qualities serve as a valuable barrier to entry in the very competitive residential housing  market.

We  could  experience  an  inability  to  acquire  land  for  our  housing  developments  if  we  are  unable  to  obtain

reasonably priced financing to support our homebuilding activities.

The   homebuilding   industry   is   capital   intensive,   and   homebuildinregquires   significant   up-front   expenditures   to

acquire  land  and  begin  development.   Accordingly,  we  incur  substantial  indebtedness  to  finance  our  homebuilding

activities.   We  believe  that private  borrowings  will  become  available  to  fund  some  of  the  acquisition-related  capital

needs,  specifically  including  land  purchases.   If  such  sources  are  not  sufficient,  we  would  seek  additional  capital  in

the  form  of  equity  or  debt  financing  from  a  variety  of  potential  sources,  including  additional  bank  financing  and/or

securities  offerings.   The  amount  and  types  ofindebtedness,  which  we  may  incur,are  limited  by  the  terms  of  the

indentures   governing   notes   and   our   other   existing   d.ebtSee   "Description   of   Other   Existing   Indebtedness.”In

addition,   the   availability   of  orb rowed   funds,   especially   for   land   acquisition   and   construction   financing,   may   be

greatly  reduced  nationally,  and  the  lending  community  may  require  increased  amounts  of  equity  to  be  invested  in  a

project by borrowers in connection  with both new loans and  the  extension of existing loans.   If  we  are  not  successful

in  obtaining  sufficient  capital  to  fund  our  planned  capital  and  other  expenditures,  we  may  be  unable  to  acquire  land

for  our  housing  developments.   The  two  properties  that  we  have  under  contract  currently  provide  for  seller-assisted

financing,  but  also  have  closing  dates  which  could  cause  the  contracts  to  be  cancelled  or  lapse  if  those  deadlines  are

not met, in which case we could lose those properties or be required to pay more than currently contracted for those4

properties.    Additionally,  if  we  cannot  obtain  additional  financing  to  fund  the  purchase  of  land  under  our  option

contracts, we may incur contractual penalties and fees.

The   Corporation   may   need   to   seek   out   loans   from   banks   to   financese theprojects.    As   part   of   their   financing

agreements,   the  banks  typically  require  Vincent  Simonelli   to   personally  guarantee  these   lo.anIsf  Mr.   Simonelli

cannot  qualify  as  a  guarantor  and  there  is  no  one  other  than  him  in  the  Corporation  to  provide  thoseugarantees,  the

financing of the deals may be adversely affected.

We are subject  to extensive  government regulation, which could cause us to incur significant liabilities or restrict

our business activities.

Regulatory  requirements  could  cause  us  toincur  significant  liabilities  and  operating  expenses  and  could  restrict  our

business   activities.    We   are   subject   to   local,state,  and   federal   statutes   and   rules   regulating,   among   other   things,

certain   developmental   matters,   building   and   site   design,   and   mttears   concerning   the   protection   of   health   and   the

environment.    Our   operating   expenses   may   be   increased   by   governmental   regulations   such   as   building   permit

allocation  ordinances  and  impact  and  other  fees  and  taxes,  which  may  be  imposed  to  defray  the  cost  of  providing

certain  governmental  services  and  improvement.s   Other  governmental  regulations,  such  as  building  moratoriums

and  "no  growth"  or  "slow  growth"  initiatives,  which  may  be  adopted  in  communities  which  have  developed  rapidly,

may   cause   delays   in   home   projects   or   otherwise   restrict   our   business   activities   resulting   in   reductions   in   our

revenues.   Any  delay  or  refusal  from  government  agencies  to  grant  us  necessary  licensespe, rmits,  and  approvals

could have an adverse effect on our operations.

We  may  incur  additional  operating  expenses  due  to  compliance  programs  or  fines,  penalties  and  remediation

costs pertaining to environmental regulations within our markets.

We  are  subject  to   a  variety  of  locals,tate,  and  federal  statutes,  ordinances,rules,  and   regulations  concerning  the

protection  of  health  and  the  environment.   The  particular  environmental laws,  which  apply  to  any  given  community,

vary  greatly  according  to  the  community  site,  the  site's  environmentalconditions,  and  the  present  and  former  use  of

the  site.   Environmental  laws  may  result  in  delays,  may  causeexpensive  compliance  programs  and  us  to  implement

time  consuming and  may  prohibit  or  severely  restrict  development  in  certain  environmentally  sensitive  regions  or

areas.   From  time  to  time,  the  United  States  Environmental  Protection  Agency  and  similar  federal  or  state  agencies

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review  homebuilders'  compliance  with  environmental  laws  and  may  levy  fines  and  penalties  for  failure  to  strictly

comply  with  applicable  environmental  laws  or  impose  daditional  requirements  for  future  compliance  as  a  result  of

past  failures.   Any such actions  taken  with respect  to  us  may  increase  our  costs.   Further,  we  expect  that  increasingly

stringent  requirements  will  be  imposed  on  homebuilders  in  the  futur.e  Environmental  regulations  can  also  have  an

adverse impact on the availability and price of certain raw materials such as lumber.

We  may  be  subject  to   significant  potential  liabilities  because   of  construction   defect,  product  liability,  and

warranty claims made against us.

As  a   homebuilder,   we   have   been,  and  continue  to  be,  subject  to  construction  defect,   produliacbtility,  and   home

warranty  claims,  including  moisture  intrusion  and  related  mold  claims,  arising  in  the  ordinary  course  of  busin.ess

These claims are common to the homebuilding industry and can be costly.

With   respect   to   certain   general   liability   exposures,   including   construction   defect,   moisture   intrusion   and   related

mold  claims  and  product  liability,  interpretation  of  underlying  current  and  future  trends,  assessment  of  claims  and

the    related    liability    and    reserve    estimation    process    is    highly    judgmental    due    to    the    complex    nature    of    these

exposures,    with    each    exposure    exhibiting    unique    circumsta.ncesFurthermore,    once    claims    are    asserted    for

construction   defects,   it  i s   difficult   to   determine   the   extent   to   which   the   assertion   of   these   claims   will   expand

geographically.    Although   we   have   obtained   insurance   for   construction   defect   claims,   such   policies   may   not   be

available   or   adequate   tocover   any   liability   for   damages,   the   cost   of   repairs,   and/or   the   expense   of   litigation

surrounding  current  claims,  and  future  claims  may  arise  out  of  uninsurable  events  or  circumstances  not  covered  by

insurance and not subject to effective indemnification agreements with our subcontractors.

Our  operating  expenses  could  increase  if  we  are  required  to  pay  higher  insurance  premiums  or  litigation  costs

for  claims  involving  construction  defect  and  product  liability  claims,  which  could  cause  our  net  income  to

decline.

The  costs  of  insuring  against  construction  defect  and  product  liability  claims  are  high,  and  the  amount  and  scope  of

coverage  offered   by  insurance  companies  is   currently  limited.   This  coverage   may  be   further  restricted  and   may

become more costly.

Increasingly  in  recent   years,   lawsuits  (including  class   action  lawsuits)   have  been   filed   against  builders,  asserting

claims   of   personal   injury   and   property   damage   caused   by   the   presence   of   mold   in   residential   dw. ellOinurgs

insurance  may  not  cover  allof  the  claims,  including  personal  injury  claims,  arising  from  the  presence  of  mold,  or

such  coverage  may  become  prohibitively  expensive.   If  we  are  not  able  to  obtain  adequate  insurance  against  these

claims,  we  may  experience  losses  that  could  reduce  our  net  income  and  restrict  our  cash  flow  available  to  service

debt.

Historically,  builders  have  recovered  from  subcontractors  and  their  insurance  carriers  a  significant  portion  of  the

construction defect liabilities and costs of defense that the builders have incurred.

Insurance  coverage  available  to  subcontractors  for  construction  defects  is  becoming  increasingly  expensive,  and  the

scope  of  coverage  is  restricted.   If  we  cannot  effectively  recover  from  our  subcontractors  or  their  carriers,  we  may

suffer greater losses,  which could decrease our net income.

Builders'    ability   to    recover    against    any   available    insurance    policy   depends    upon   the    continued    solvency   and

financial  strength  of  the  insurance  carrier  that  issued  the  policy.   Many  of  the  states  in  which  we  build  homes  have

lengthy  statutes  of  limitations  applicable  to  claims  for  construction  defects.  To  the  extent  that  any  carrier  providing

insurance  coverage  to  us  or  our  subcontractors  becomes  insolvent  or  experiences  financial  difficulty  in  the  future,

we may be unable to recover on those policies, and our net income may decline.

Raw  material  and  labor  shortages  and  price  fluctuations  could  delay  or  increase  the  cost  of  home  construction

and adversely affect our operating results.

The  homebuilding   industry   has   from   time   to   time   experienced   raw   material   and   labor   short.agIens   particular,

shortages  and  fluctuations  in  the  price  of  lumber  or  in  other  important  raw  materials  could  result  in  delays  in  the

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start  or  completion  of,  or  increase  the  cost  of,  developing  one  or  more  of  our  residential  communitie.s  In  addition,

we   contract   with   subcontractors   to   construct   our   hom. esTherefore,   the   timing   and   quality   of   our   construction

depends  on  the  availability, skill,  and  cost  of  our  subcontractors.   Delays  or  cost  increases  caused  by  shortages  and

price  fluctuations  could  harm  our  operating  results,  the  impact  of  which  may  be  further  affected  by  our  ability  to

raise sales prices.

We  conduct  our  construction  operations  only  as  a  general  contactr   or.   Virtually  all  construction  work  is  performed

by    unaffiliated    thir-dparty    subcontractor.s

Consequently,    we    depend    on    the    continued    availability    of    and

satisfactory  performance  by  these  subcontractors  for  the  construction  of  our  hom.esThere  may  not  be  sufficient

availability  of  and  satisfactory  performance  by  these  unaffiliatedthird  party subcontractors  in  the  markets  in  which

we operate.  In addition, inadequate subcontractor resources could have a material adverse effect on our business.

We  experience  fluctuations  and  variability  in  our  operating  results  on  a  quarterly  basis  and,  as  a  result,  our

historical performance may not be a meaningful indicator of future results.

Our  operating  results  in  a  future  quarter  or  quarters  may  fall  below  expectations  of  securities  analysts  or  investors

and,  as  a  result,  the  market  value  of  the  existing  notes  may  fluctuate.    Becauosfesuch  variability,  our  historical

performance  may  not  be  a  meaningful  indicator  of  future  result.s  Our  quarterly  results  of  operations  may  continue

to fluctuate in the future because of a variety of both national and local factors, including, among others:

• the timing of home closings and land sales;

•  our  ability  to  continue  to  acquire  additional  land  or  secure  option  contratcs  to  acquire  land  on  acceptable

terms;

• conditions of the real estate market in areas where we operate and of the general economy;

• raw material and labor shortages;

• seasonal home buying patterns; and

•  other  changes  in  operating  expenses,  including  the  cost  of  labor  and  raw  materials,  personnel  and  general

economic conditions.

Our  future  growth  may  include  additional  acquisitions  of  companies  that  may  not  be  successfully  integrated  and

may not achieve expected benefits.

Acquisitions  of  companies  may  contribute  to  our  growth  and  be  a  component  of  our  growth  strate. gyConsistent

with  this  strategy,  we  may  engage  in  discussions  with  and  evaluate  potential  acquisition  targets,  some  of  which  may

be  significant,   although   we   currently   have   no   binding   definitive   agreements   for   any   significant   acquisitions   of

companies.   In  the  future,  we  may  acquire  other  businesses.   Becauseof  acquisitions  of  companies,  we  may  need  to

seek  additional  financing  and  integrate  product  lines,  dispersedoperations,  and  distinct  corporate  cultures.   These

integration    efforts    may    not    succeed    or    may    distract    our    management    from    operating    our    existing.    business

Additionally,   we   may   not   be   able   to   enhance   our   earninbgecaus     se  of   acquisitions.    Our   failure   to   successfully

manage  future acquisitions could harm our operating results.

The  occurrence  of  natural  disasters  could  increase  our  operating  expenses  and  reduce  our  revenues  and  cash

flows.

The  climates  and  geology  of  the  states  in  which  we  operate  (currently  solely  located  within  New  Jersey)  present

increased  risks  of  natural  disasters.   To  the  extent  that  hurricanes,  severe  storms,  droughts,  floods,  wildfires  or  other

natural  disasters  or  similar  events  occur,  our  homes  under  construction  or  our  building  lots  in  such  states  could  be

damaged  or  destroyed,  which  may  result  in  losses  exceeding  our  insurance  coverageA. ny  of  these  events  could

increase  our  operating  expenses,  impair  our  cashflows,  and  reduce  our  revenues,  which  could,  in  turn,  negatively

affect the market price of our securities.

Future  terrorist  attacks against  the  United  States or increased  domestic  or international  instability  could  have  an

adverse effect on our operations.

Adverse  developments  in  the  war on  terrorism,  future  terrorist  attacks  against  the  United  States,  or  any  outbreak  or

escalation  of  hostilities  between  the  United  States  and  any  foreign  power,  including  the  armed  conflict  with  Iraq,

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may cause  disruption to  the  economy,  our  company,  our  employees and  our  customers,  which could  adversely affect

our revenues, operating expenses, and financial condition.

Compliance  with  changing  regulation  of  corporate  governance  and  public  disclosure  may  result  in  additional

expenses, which as a smaller public company may be disproportionately high.

Changing   laws,   regulations   and   standards   relating   to   corporate   governance   and   public   disclosure,   including   the

Sarbanes-Oxley    Act,    new    SECregulations,  and    stock    market    rules,    are    creating    uncertainty    for    doevpmeelnt

companies    such    as   .us  These    new    and    changing    laws,    regulations    and    standards    are    subject    to    varying

interpretations  in  many  cases  due  to  their  lack  of  specificity,  and  as  a  result,  their  application  in  practice  may  evolve

over   time   as   new   guidanceis   provided   by   regulatory   and   governing   bodies,   which   could   result   in   continuing

uncertainty   regarding   compliance   matters   and   higher   costs   necessitated   by   ongoing   revisions   to   disclosure   and

governance  practices.   As  a  result,  our  efforts  to  comply  with  eovlving  laws, regulations,  and  standards  will  likely

result   in   increased   general   and   administrative   expenses   and   a   diversion   of   management   time   and   attention   from

revenue-generating  activities  to  compliance  activities.   In  particular,  our  efforts  to  complywith  Section  404  of  the

Sarbanes-Oxley   Act   and   the   related   regulations   regarding   our   required   assessment   of   our   internal   controls   over

financial  reporting  and  our  independent  registered  public  accounting  firm’s  audit  of  that  assessment  will  require  the

commitment   of  significant   financial  and   managerial   resources.   We  expect  these   efforts  to   require   the   continued

commitment   of   significant   resource.s   Further,   our   board   members,   chief   executiveofficer,  and   chief   financial

officer  could  face  an  increased  riskof  personal  liability  in  connection  with  the  performance  of  their  duti.esAs  a

result,  we  may  have  difficulty  attracting  and  retaining  qualified  board  members  and  executive  officers,  which  could

slow down our business.  If we are unable to fully comply with new or changed laws, regulations and standards, or if

our   efforts   differ   from   the   activities   intended   by   regulatory   or   governing   bodies   due   to   ambiguities   related   to

practice, our reputation may be harmed and our stock price may suffer.

Failure to achieve and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley

Act  of  2002  could  have  a  material  adverse  effect  on  our business and  operating  results.   In  addition,  current  and

potential  stockholders  could  lose  confidence  in  our  financial  reporting,  which  could  have  an  adverse  effect  on

our stock price.

Effective  internal  controls  are  necessary  for  us  to  provide  reliable  financial  reports  and  effectively  prevent  frau.d  If

we  cannot  provide  reliable  financial  reports  orprevent  fraud,  our  operating  results  could  be  harme.d We  will  be

required  to  document  and  test  our  internal  control  procedures  in  order  to  satisfy  the  requirements  of  Section  404  of

the  Sarbanes-Oxley  Act  of  2002,  which  requires  annual  management  assessments  of  the  effectiveness  of  our  internal

controls  over  financial  reporting  and  a  report  by  our  independent  registered  public  accounting  firm  addressing  these

assessments.    Although   we   intend   to   augment   our   internal   controls   procedures   and   expand   our   accounting   staff,

there is no guarantee that this effort will be adequate.

During  the  course  of  our  testing,  we  may  identifydeficiencies,  which we  may  not  be  able  to  remediate  in  time  to

meet  the  deadline  imposed  by  the  Sarbanes-Oxley  Act  for  compliance   withthe  requirements  of  Section  404. In

addition,  if  we  fail  to  maintain  the  adequacy  of  our  internal  accounting  controls,  as  such  standards  are  modified,

supplemented  or  amended  from  time  to  time,  we  may  not  be  able  to  ensure  that  we  can  conclude  on  an  iongngo

basis  that  we  have  effective  internal  controls  over  financial  reporting  in  accordance  with  Section  404.   Moreover,  in

the  course  of  our   testing,   financial  reporting  deficiencies   may  be   uncovered   which   could  cause   us   to   restate   our

financial  results.   Failure  to  achieve  and  maintain  an  effective  internal  control  environment  could  cause  us  to  face

regulatory  action and  cause  investors  to  lose  confidence  in  our  reported  financial  information,  either  of  which  could

have an adverse effect on our stock price.

Risks Related to the Offering

This offering is a “Best Efforts” offering with no firm commitment

Shares are being offered by the Company on a “Best Efforts” basis, meaning that there is no assurance that any or all

of  the  remaining  Offering  will  besold.    There  are  risks  to  investors  who  participate  in  the  Offering  because  if  the

Maximum amount is not raised, the remainder of the funds will not be forthcoming and that shortfall may jeopardize

the ability of the Company to perform its business plan.

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The Company will have broad discretion as to use of proceeds

The   Company’s   management   will   have   wide   discretion   as   to   the   exact   allocation,   priority,   and   timing   of   the

allocation  of  funds  raised  from  the  Offering.   The  allocation  of  the  proceeds  of  theOffering  may  vary  significantly

depending   upon   numerous   factors,   including   the   success   that   the   Company   has   in   marketing   its   services   and

products.   Accordingly,  management  will  have  broad  discretion  with  respect  to  the  expenditure  of  the  net  proceeds

of  the   Offering.     Investors  purchasing  the   Shares   offered   herein   will   be   entrusting   their   funds  to   the   Company’s

management, whose judgment the subscribers must depend on.  (See “Use of Proceeds”).

There will be a continuation of management control

The  Company’s  present  officers, directors,  and  principal  stockholders own  a  majority of the  Company’s  outstanding

common  stock.   If  the  maximum  offering  occurs,  the  officers,directors,  and  principal  stockholders  will  still  own  a

majority of the outstanding  voting  stock.   Therefore,  the  Company’s  present  management  and  principal  stockholders

will  continue  to  be  able  to  elect  a  majority  of  the  directors  and  otherwise  exert  control  over  the  Company,  and  the

investors in the Offering will have  very limited ability to remove, control, or direct the management.  (See “Principal

Stockholders”).

Investors will suffer dilution

Investors   who   purchase   the   Shares  in  the   Offering   may  experience   dilution  in  the   book  value   of  comsmtoocnk,

which they could acquire.  (See “Dilution”).

Risks Related to Our Common Shares

Since this is a direct public offering and there is no underwriter, we may not be able to sell any shares ourselves.

We  have  not  retained  an  underwriter  to  sell  these  shares.   We  will  conduct  this  offering  as  a  direct  public  offering,

meaning  there  is  no  guarantee  as  to  how  much  money  we  will  be  able  to  raise  through  the  sale  of  our  sto.ckIf  we

fail  to  sell  all  the  shares  we  are  trying  to  sell,  our  ability to  expand  and  completeour  business  plan  will  be  materially

affected, and you may lose all or substantially all of your investment.

State  securities  laws  may  limit  secondary  trading,  which  may  restrict  the  states  in  which  and  conditions  under

which you can sell the shares offered by this prospectus.

Secondary  trading  in  common  stock  sold  in  this  offering  will  not  be  possible  in  any  state  until  the  common  stock  is

qualified  for  sale  under  the  applicable  securities  laws  of  the  state  or  there  is  confirmation  that  an  exemption,  such  as

listing  in  certain  recognized  securities  manuals,  is  available  for  secondary  trading  in  the  state.If  we  fail  to  register

or qualify, or to obtain or verify an exemption for the secondary trading of, the common stock in any particular state,

the  common  stock  could   not  be  offered  or  sold  to,  or  purchased  by,  a  resident  of  that  .staItne  the   event   that   a

significant  number  of  states  refuse  to  permit  secondary  trading  in  our  common  stock,  the  liquidity  for  the  common

stock could be significantly impacted thus causing you to realize a loss on your investment.

Our Common Stock Is A “Penny Stock”, And Compliance With Requirements For Dealing In Penny  Stocks May

Make It Difficult For Holders Of Our Common Stock To Resell Their Shares.

Currently  there is  no  public  market  for  our  common  stock.   If  the  common  stock  is  ever  listed  in,  the  public  market

in  what  is  known  as  the  over-the-counter  market  and  at  least  for  the near future,  our  common stock  will be  deemed a

“penny  stock”  as  that  term  is  defined  in  Rule  3a51-1  under  the  Securities  Exchange  Act  of  1934.   Rule  15g-2  under

the  Exchange  Act  requires  broker/dealers  dealing  in  penny  stocks  to  provide  potential  investors  with  a  document

disclosing   the   risks   of   pennystocks   and   to   obtain   from   these   investors   a   manually   signed   and   dated   written

acknowledgement   of   receipt   of   the   document   before   effecting   a  t ransaction   in   a  p enny   stock   for   the   investor's

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account.   Compliance  with  these  requirements  may  make  it  more  difficult  for  holders  of  our  common  stock  to  resell

their  shares  to  third  Parties  or  otherwise,  which  could  have  a  material  adverse  effect  on  the  liquidity  and  market

price of our common stock.

Penny  stocks  are  stocks  with  a  price  of  less  than  $5.00  per  shareunless  traded  on  NASDAQ  or  a  national  securities

exchange.

Penny stocks are also stocks, which are issued by companies with:

Net  tangible  assets  of  less  than  $2.0  million  (if  the  issuer  has  been  in  continuous  operation  for  at  least  three  years);

or  $5.0 million (if in  continuous  operation  for  less  than  three  years);  or  average  revenue  of less  than $6.0  million  for

the last three years.

Insiders   have   substantial   control   over   us   and   could   limit   your   ability   to   influence   the   outcome   of   key

transactions, including a change of control.

As  of September  30,  2011, our  principal  stockholders,  directors,  and  executive  officers  and  entities  affiliated  with

them owned approximately 78.6% of the outstanding shares of our common stock.  As a result, these stockholders, if

acting  together,  would  be  able  to  influence  or  control  matters  requiring  approval  by  our  stockholders,  including  the

election  of  directors  and  the  approval  of  mergers  or  other  extraordinary  transaction.s  They  may  also  have  interests

that  differ  from  yours  and  may  vote  in  a  way  with  which  you  disagree  and  which  may  be  adverse  to  your  intere.sts

The  concentration  of  ownership  may  have  the  effect  of  delaying,  preventing,  or  deterring  a  change  of  control  of  our

company, could deprive our stockholders of an opportunity to receive a premium for their common stock as part of a

sale of our company and may materially adversely affect the  market price of our common stock.

Because  of  becoming  a  public  company,  we  are  obligated  to  develop  and  maintain  proper  and  effective  internal

control  over  financial  reporting  and  are  subject  to  other  requirements  that  will  be  burdensome  and  costly.   We

may  not  timely  complete  our  analysis  of  our  internal  control  over  financial  reporting,  or  these  internal  controls

may  not be  determined  to  be effective,  which  could  adversely  affect investor confidence  in  our company  and, as a

result, the value of our common stock.

Prior  to  our  initial  public  offering,  we  are  operating  our  business  as  a  private  company.   We  will now  be  required  to

file  with  the  Securities  and  Exchange  Commission,  or  SEC,  annual  and  quarterly  information  and  other  reports  that

are  specified  in  Section  13  of  the  Securities  Exchange  Act  of  1934,  as  amended,  or  the  Exchange  Act.   We  will  also

be  required  to  ensure  that  we  have  the  ability  to  prepare  financial  statements  that  are  fully  compliant  with  all  SEC

reporting  requirements  on  a  timely  basi.s  In  addition,  we  are  subject  to  other  reporting  and  corporate  governance

requirements,  including  the  requirements  of  listing  on  the  OTCBB,  and  if  listed  for  continuing  to  remain  listed  on

the  OTCBB,  and  certain provisions  of the  Sarbanes-Oxley  Act  of 2002 and  the  regulations promulgated  there  under,

which impose significant compliance obligations upon us.  As a public company, we will be required to:

•      Prepare   and   distribute   periodic   public   reports   and   other   stockholder   communications   in   compliance

with our obligations under the  federal securities laws and OTCBB rules;

•      Create or expand the roles and duties of our board of directors and committees of the board;

•      Maintain a more comprehensive financial reporting and disclosure compliance functions;

•      Maintain   an   accounting   and   financial   reporting   department,   including   personnel   with   expertise   in

accounting and reporting for a public company;

•      Enhance and formalize closing procedures at the end of our accounting periods;

•      Maintain an internal audit function;

•      Enhance our investor relations function;

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•      Establish    and    maintain    new    internal    policies,    including    those    relating    to    disclosure    controls    and

procedures; and

•      Involve and retain to a greater degree outside counsel and accountants in the activities listed above.

  These    requirements    entail    a    significant    commitment    of    additional    reso.urcWese    may    not    besuccessful    in