Item 2. Management's Discussion and Analysis of Operations / Plan of Operation

Please see "Footnote D - Medical Investment" in the Notes to the Financial Statements contained in the Footnotes to the Financial Statements of this Form 10-Q for a description of the medical investments the Company made during 2002 and subsequent additional investments and the write-off of such investments in the year ended March 31, 2008 and its current status.

Results of Operations for the three months ended September 30, 2008 as compared to three months ended September 30, 2007.

Interest income decreased to $ 558 for the three months ended September 30, 2008, from $ 618 for the three months ended September 30, 2007, a minor decrease. This decrease is a result of lower cash balances during the three months of 2008 as compared to 2007.

General and administrative expenses decreased to $ 8,891 for the three months ended September 30, 2008 from $14,313 for the three months ended September 30, 2007. The decrease in general and administrative expenses is primarily due to a decrease in professional fees, transaction expenses and stockholder expenses.

Results of Operations for the six months ended September 30, 2008 as compared to six months ended September 30, 2007.

Interest income was approximately the same in the six months ended September 30, 2008 and 2007. Operating and general and administrative expenses decreased to $15,255 in the six months ended September 30, 2008 from $29,412 in the same six months of 2007. The decrease is primarily due to lesser professional fees, 2007 transaction expenses (see page 1-2) and stockholder expenses.

Liquidity and Capital Resources

Please see "Recent Developments", pp. 1-2, and "Note C to the Financial Statements contained under Item 1 of this Form 10-Q for a description of the Purchase Agreement described therein.

Cash and cash equivalents increased from $53,175 at June 30, 2007 to $98,601 at September 30, 2008. At March 31, 2008 cash and cash equivalents was $116,617. The cash decrease from March 30, 2008 to September 30, 2008 was partially due to the loss incurred in the six months ended September 30, 2008 and payment of accrued expenses. Most significantly, cash increased from June 30, 2007 to September 30, 2008 in connection with the equity purchases made on August 31, 2007, which were made pursuant to the Purchase Agreement and in connection with the exercise of warrants to purchase 16,667 shares of the Company's common stock at $3.00 per share made by Mr. Joel Greenblatt, the former Chairman of the Board, offset by expenses in connection with the transaction described herein offset by cash losses sustained in the Company's operations in the six months ended September 30, 2008 and in the year ended March 31, 2008. The Company does not have a formal arrangement with any bank or financial institution with respect to the availability of financing in the future.

PLAN OF OPERATION

The Company currently has limited operations. The Company plans to continue as a public entity and continues to seek merger, reverse merger, acquisition and business combination opportunities with operating businesses or other appropriate financial transactions. Until such an acquisition or business combination is effectuated, the Company does not expect to have significant operations. Accordingly, during such period, the Company may not achieve sufficient income to offset its operating expenses, which would cause operating losses that may require the Company to use and thereby reduce its cash on hand.

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FORWARD LOOKING STATEMENTS

Certain statements in this Report are "forward-looking statements" within the meaning of the Private Securities Litigation Reform act of 1995. When used in this Report, words such as "may," "should," "seek," "believe," "expect," "anticipate," "estimate," "project," "plan," "goal," "intend," "strategy," and similar expressions are intended to identify the Company's future plans, operations ,business strategies, operating results, and financial position. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause the Company's actual results, performance or achievements to differ materially from those described or implied in the forward-looking statement and cause its goals and strategies to not be achieved.

These risks and uncertainties many of which are not within our control, include, but are not limited to:

• general economic and business conditions;

• the Company's ability to find a candidate for, enter into an agreement with respect to, and consummate, a merger, reverse merger, acquisition or business combination or other financial transaction that is acceptable, both as to a candidate and as to transaction terms and conditions;

• competition for transactions of the nature the Company is seeking;

• potential future regulatory restrictions that could limit or pose restrictions on, or make less advantageous to potential candidates, transactions of the nature the Company is seeking; and

• the availability of additional financing on satisfactory terms if a delay is encountered in consummating a transaction that the Company is seeking.

You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this Report. We do not undertake any responsibility to publicly update or revise any forward-looking statement or report.