The accompanying condensed financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in financial statements prepared in accordance with U. S. generally accepted accounting principles have been condensed or omitted. These interim financial statements include all adjustments, consisting of normal recurring accruals, which, in the opinion of management, are necessary in order to make the financial statements not misleading. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

The Company has incurred losses from inception, has a net working capital deficiency, and has no operating revenue source as of September 30, 2012. Financing the Company's activities to date has primarily been the result of borrowing from a shareholder and others. The Company's ability to achieve a level of profitable operations and/or additional financing may impact the Company's ability to continue as it is presently organized. Management plans include continued development of the business, as discussed in NOTE D of the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

During the previous periods, a shareholder loaned funds to the Company to cover operating expenses. The note is non-interest bearing, due and payable on demand. The amount payable to the shareholder as of September 30, 2012 was $242,940 and December 31, 2011 was $207,940. Interest is being imputed at the rate of 5% per annum and is charged to Additional Paid in Capital.

On April 2, 2012, the Company signed a $30,000 convertible promissory note with a related party. The note bears interest at 5% per annum and will be due on December 31, 2013. The note has conversion rights that allow the holder of the note to convert the principal balance into the Company's common stock at a price of $0.05.

In accordance with ASC 470, the Company has analyzed the beneficial nature of the conversion terms on the above mentioned note and determined that a beneficial conversion feature (BCF) exists. The Company calculated the value of the BCF using the intrinsic method stipulated in ASC 470. The value of BCF was determined based on the stock price on the day of commitment, the discounts as agreed to in the note, the number of convertible shares, and the difference between the effective conversion price and the fair value of the common stock. The value of the BCF of the note has been calculated at $276,000, but has been limited to the proceeds of $30,000.The BCF has been recorded as a discount to the note payable and to Additional Paid-in Capital and will be amortized over the life of the note.

The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

On July 31, 2012, pursuant to a purchase agreement (the "Purchase Agreement") among Crowther Holdings LTD, a Turks and Caicos Islands company ("Crowther"), and the principal stockholder of the Company, Settex PLC, a United Kingdom company ("Settex"), and Zentar Securities Ltd., a Swiss company ("Zentar" and together with "Settex", the "Purchasers" and each a "Purchaser"), Crowther sold an aggregate of 848,391 shares of common stock, par value $0.001 per share ("Common Stock"), of the Company (the "Purchased Shares") to the Purchasers in the amounts set forth in Annex 1.1(b)(1) of the Purchase Agreement. The Purchase Agreement also provides for the transfer of certain outstanding unsecured non-interest bearing loans made between December 2007 and June 2011 by Crowther to the Company in the aggregate principle amount of $207,940 (the "Related Party Loans") to the Purchasers in the amounts listed on Annex 1.1(b)(1) to the Purchase Agreement. The Purchased Shares are subject to a registration agreement that provides that the Purchased Shares shall not be publicly sold unless and until (i) a registration statement filed with the SEC covering such Purchased Shares is effective; (ii) the SEC provides a "no action" letter which indicates that registration prior to resale is not required based upon an available exemption, or (iii) there is a finding by a United States District Court having original jurisdiction or a state court having concurrent jurisdiction regarding the Securities Act of 1933, as amended (the "Securities Act"), to the effect that the Purchased Shares can be resold without registration under the Securities Act.

Each of the Buyers is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the SEC under the Securities Act. The aggregate purchase price for the Purchased Shares was $254,517.30 (the "Purchase Price"), or $0.30 per share. The purchase and sale of the Purchased Shares took place at a closing (the "Closing") held on July 31, 2012, at which the Purchase Price was paid and the Related Party Loans were assigned by Crowther to the Purchasers.

Prior to the Closing, Crowther owned only the 848,391 Purchased Shares, which represents approximately 73.3% of the outstanding Common Stock. After giving effect to its sale of the Purchased Shares, Crowther does not own of record or beneficially any shares of Common Stock of the Company. As a result of the Closing, a change of control was effected.  The Purchasers beneficially own in the aggregate approximately 73.3% of the Company's issued and outstanding voting Common Stock following the acquisition of the 848,391 Purchased Shares. After giving effect to the transfer of the Related Party Loan to the Purchasers, Crowther will not be a creditor or affiliate of the Company.

The following discussion should be read in conjunction with the financial statements of the Company which are included elsewhere in this Form 10-Q. Certain statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions.  Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update any such statements to reflect events that occur or circumstances that exist after the date which they are made, except as required by federal securities and any other applicable law.

Plan of Operation

The Company's plan of operation for the next 12 months is to: (i) consider guidelines of industries in which the Company may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry, and (iii) to commence such operations through funding and/or the acquisition of a "going concern" engaged in any industry selected. At this time, the Company has no plan, proposal, agreement, understanding or arrangement to acquire or merge with any specific business or company, and the Company has not identified any specific business or company for investigation and evaluation. No member of management has had any material discussions with any other company with respect to any acquisition of that company.

During the next 12 months, the Company's only foreseeable cash requirements will relate to maintaining its good standing or to the payment of its Securities and Exchange filing expenses and associated legal fees, accounting fees and costs incident to reviewing or investigating any potential business venture, which the Company currently estimates to be $70,000. These funds may be advanced by management or principal stockholders as loans to the Company although there is no agreement that management or anyone else will advance these funds. Because the Company has not determined any business or industry in which its operations will be commenced it is impossible to predict the amount of any financing needed to acquire and operate any such business. When and if a business will be commenced or an acquisition will be made is presently unknown, and will depend upon various factors, including but not limited to, funding and its availability, and if and when any potential acquisition may become available to the Company at acceptable terms. We currently estimate costs associated with reviewing a potential business venture which would be mainly for due diligence, be between $5,000 and $25,000. These funds will either be required to be loaned by management or principal stockholders or raised in private offerings. The Company cannot assure you that it can raise these funds from any source, if needed.

Results of Operations

The Company had no revenues for the three months ended September 30, 2012, and 2011, and the Company incurred net losses of $33,326 and $10,406, respectively. The loss for the three months ended September 30,2012 is attributable to the timing of professional services and in part to interest on debt, while the loss for the three months ended September 30, 2011 is primarily as a result of legal and accounting expenses.

The Company had no revenues for the nine months ended September 30, 2012, and 2011, and the Company incurred net losses of $74,996 and $44,822, respectively. The loss for the nine months ended September 30, 2012 is attributable to the timing of professional services and in part to interest on debt, while the loss for the nine months ended September 30, 2011 is primarily as a result of legal and accounting expenses.

The Company has generated no profit since inception. Cumulative losses total $469,835 since the Company's inception on August 18, 1998. Primarily all of these losses are the result of legal and accounting expenses.

At September 30, 2012, the Company had no cash resources.

We had no off balance sheet arrangements as of the date of this Quarterly Report.

A smaller reporting company, as defined by item 10 of Regulation S-K (a "Smaller Reporting Company"), is not required to provide the information required by this item.

Evaluation of Disclosure Controls and Procedures

Our principal executive officer and principal financial officer conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended ("Exchange Act") as of September 30, 2012. Based on this evaluation, our principal executive officer and principal financial officer have concluded that the Company's disclosure controls and procedures were effective as of September 30, 2012 to ensure that information required to be disclosed by the Company in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that the Company's disclosure and controls are designed to ensure that the information required to be disclosed by the Company in the reports that we file or submit under the Exchange Act is accumulated and communicated to management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

There were no Changes in our internal controls over financial reporting that occurred during our last fiscal quarter that have materially affected, or are reasonably likely to materially affect.

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company's property is not the subject of any pending legal proceedings.

A Smaller Reporting Company is not required to provide the information required by this item.

None.

None.

Not applicable.

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO