The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report.

Business Overview

We were incorporated in Nevada on March 27, 2001 under the name Jasmine's Garden. We operate our business through our two wholly-owned subsidiaries, Billion Electronic Co., Ltd., a company organized under the laws of the British Virgin Islands on July 27, 2004 ("Billion"), and Galaxy View International Ltd., a company organized under the laws of the British Virgin Islands on August 22, 2005 ("Galaxy View"). On November 15, 2004, we acquired Billion and its wholly-owned operating subsidiary, Shenzhen E'Jenie Technology Development Co., Ltd, a company incorporated under the laws of the Peoples Republic of China on July 8, 2002 ("E'Jenie"). Through E'Jenie, we manufacture and distribute lithium battery shells and related products primarily in China. Based upon specifications from its customers E'Jenie develops, customizes and produces steel, aluminum battery shells and aluminum caps. Currently, E'Jenie produces fourteen steel battery shell lines, nine aluminum battery shell lines, three aluminum battery cap lines and three steel battery cap lines. On June 29, 2006, we acquired Galaxy View and its wholly-owned operating subsidiary Sono Digital Electronic Technologies Co., Ltd., a company incorporated under the laws of the Peoples Republic of China on May 29, 2001 ("Sono").

We manufacture and distribute battery shells and covers for cellular phone. We have been maintaining long-term relationships with large lithium battery manufacturers. We believe that we will continually receive orders from our loyal customers because of our reputation and quality of the products. Our professional marketing team maintains relationships with our current customers and at the same time searches for other potential new customers. We seek to maintain and strengthen our position as a provider of battery shells and caps while increasing the breadth of our product line and improving the quality of our products.

The lithium battery was created in the 1990s, with its first mass production in 1993 in Japan. Lithium batteries were first used in notebook computers and now are used in cellular phones, video machines, laptops, digital cameras, MP3 players, global positioning satellite systems, 3G communication devices, hybrid cars and an array of other electronic products. Batteries are becoming smaller, lighter, more efficient, longer lasting and free of pollution. The lithium battery's energy/weight ratio exceeds that of its counterparts and with an excellent safety standard we believe that it is the future of the battery industry. China has become one of the largest producer and consumer of lithium ion batteries. According to China Chemistry and Physics Electronic Industry Association, there were over $4.0 billion of lithium ion batteries sold in China in 2005. We anticipate that there will be even greater demand for lithium batteries in China and worldwide in the next few years. We believe that the current trend towards smaller, lighter portable consumer products will continue to grow and because of its size, the demand for the lithium battery will increase.

Recently development

Under the current depressed economic environment, the management of the Company has made some strategic adjustments to keep the Company running and growing. On the basis of keeping the existing battery pack accessories segment, the Company has decided get into a related field business, finished battery distribution, to diversify the products' chain; consequently, the Company has created an opportunity to keep competing in the whole battery industry. We currently engage in battery distribution business with a customer that generated $5,869,592 during the third quarter ended September 30, 2008.

Having engaged in battery business for years, the management of the Company have accumulated abundant knowledge about the battery industry, established a strong network among many battery companies which are on both lower and upper position of the battery distribution flow, and gained a lot of experience of battery distributing; therefore, we believe that the Company is in a more favorable position than other companies in distributing finished battery. Distributing finished battery has a much higher profit margin than manufacturing battery accessories, so the management of the Company is very confident that the battery distribution business is profitable due to the outstanding battery quality and the strong distribution network that the Company has been building for years.

RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2008 AND
2007

The following table presents the statement of operations for the three months
ended September 30, 2008 as compared to the three months ended September 30,
2007. The discussion following the table is based on these results.

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                                       September 30, 2008    September 30, 2007
                                          (Unaudited)            (Unaudited)
Revenue, net
Battery shell and cover               $          1,320,495   $           336,539
Battery distributin                              5,869,592                     -
                                                 7,190,087               336,539
Cost of revenue
Battery shell and cover                          1,113,697               491,780
Battery distribution                             3,921,243                     -
                                                 5,034,940               491,780
Gross profit (loss)                              2,155,147              (155,241 )

Operating Expenses
Selling expense                                     53,624                 5,180
General and administrative expenses                195,330               452,297
Recovery from bad debt                                   -              (522,584 )
Recovery from inventory reserve                    (60,444 )                   -
Total operating expenses                           188,510               (65,107 )

Income (loss) from operations                    1,966,637               (90,134 )

Other (Income) Expense
Other (income) expense, net                              -                     -
Miscellaneous (income) expense                        (335 )              (1,489 )
Interest (income) expense                           29,836               (16,284 )

Total Other Expense                                 29,501               (17,773 )

Income (loss) before income taxes                1,937,136               (72,361 )

Provision for income taxes                         348,632                     -

Net income (loss)                     $          1,588,504   $           (72,361 )

Net sales

Net sales for the three months ended September 30, 2008 totaled $7,190,087 compared to $336,539 for the three months ended September 30, 2007, an increase of $6,853,548, or approximately 2,036%. The increase in sales was due to the company's entry into a new segment of business as a battery distributer. This new business started in the current quarter ending September 30, 2008 contributed $5,869,592 to the total net revenue, or 81.6% of sales.

The company's existing battery shell and cover business has generated revenue of $1,320,495 for the third quarter of 2008, compared to $336,539 during the same period in 2007, a $983,956, or 292% increase. The increase in sales of this segment was related a general increase in shipments to current customers as well as approximately $220,000 in sales to three new customers.

Cost of Revenue

Cost of sales for the three months ended September 30, 2008 totaled $5,034,940 or approximately 70% of net sales compared to $491,780 or 146% of net sales for the three months ended September 30, 2007, an increase of $4,543,160 or approximately 924%.

Cost of sales of our new battery distributing business was $3,921,243, or 66.8%.

Cost of sales related to our existing battery shell and cover business was $1,113,697, or 84.3% of this segment's sales. This compares to $491,780 or 146.1% of sales in the three month period ending September 30, 2007. The increase in cost of sales of $621,917, or 126.5%, is directly related to the 292% increase in our sales of this segment. The reduction of cost of sales as a percentage of our sales from 146.1% to 84.3% from the 2007 period to the 2008 period is as a result of our ability to increase our production without increase our overall costs due to excess capacity.

Operating Expense

Operating expenses for the three months ended September 30, 2008 totaled $188,510 or approximately 2.6% of net sales compared to operating expenses of $(65,107) or approximately 19% of net sales for the three months ended September 30, 2007, an increase of $253,617 or approximately 390%. During the quarter ended September 30, 2007 we recovered a bad debt of $522,584 which reduced our operating expenses during this period. Without this one-time event our operating expense for the quarter would have been $457,477, or $268,967 higher. This decrease in our operating expense is mainly due to a decrease in our professional fees of approximately $92,219 during the comparative periods. During the period ended in 2007 we incurred significant professional fees related to the restatement of several of our SEC filed reports.

Income (Loss) from Operations

Income from operations for the three months ended September 30, 2008 totaled $1,966,637 or approximately 27% of net sales compared to a loss from operations of $(90,134) or approximately 27% of net sales for the three months ended September 30, 2007, an increase of $2,056,771 or approximately 2,282%. The increase in income from operations was primarily due to the reasons listed above related to the increase in our sales and the reduction, as a percentage of sales, of our cost of sales and operating expenses.

Other (Income) Expense

During the three months ended September 30, 2008 the Company had other expenses in the amount of $29,501 compared to other income of $(17,773) for the three months ended September 30, 2007, an increase in other expenses of $47,274. This increase in expense is due to the interest expense related to a new loan entered into by the Company and a reduction of interest income that we earned in the prior year due to our larger cash balance.

Net Income

Net income for the three months ended September 30, 2008 totaled $1,588,504 compared to a net loss of $(72,361) for the three months ended September 30, 2007, an increase of $1,650,865 or approximately 2,295%. The increase in net income was primarily due to reason described above.

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

The following table presents certain consolidated statement of operations information for the nine months ended September 30, 2008 and 2007. The discussion following the table is based on these results. Certain columns may not add due to rounding.

                                                            September     September 30,
                                                             30, 2008         2007

Revenue, net
Battery shell and cover                                    $  3,002,366   $   2,344,350
Battery distribution                                          5,869,592               -
                                                              8,871,958       2,344,350
Cost of revenue
Battery shell and cover                                       2,760,246       2,288,409
Battery distribution                                          3,921,243               -
                                                              6,681,489       2,288,409
Gross profit                                                  2,190,469          55,941

Operating Expenses
Selling expense                                                  68,518          18,546
General and administrative expenses                             431,757         979,997
Recovery from bad debt                                                -        (131,062 )
Recovery from inventory reserve                                 (60,444 )             -
Total operating expenses                                        439,831         867,481

Income (loss) from operations                                 1,750,639        (811,540 )

Other (Income) Expense
Other (income) expense, net                                     (17,470 )             -
Miscellaneous (income) expense                                   (4,649 )        (1,489 )
Interest (income) expense                                        13,534          (8,599 )

Total Other Expense                                              (8,585 )       (10,088 )

Income (loss) before income taxes                             1,759,224        (801,452 )

Provision for income taxes                                      348,632               -

Income (loss) from continuing operations                      1,410,592        (801,452 )

Discontinued operations
Loss on disposal of subsidiary                                        -         (35,635 )
Goodwill impairment                                                   -      (1,295,556 )
Loss from discontinued operations                                     -         (37,578 )

Net Income (loss)                                          $  1,410,592   $  (2,170,221 )

Net Revenue

Net for the nine months ended September 30, 2008 totaled $8,871,958 compared to $2,344,350 for the nine months ended September 30, 2007, an increase of $6,527,608, or approximately 278%. The increase was primarily due to the company's entry into a new segment of business as a distributor of batteries during the nine months ended September 30, 2008. This new segment generated revenue of $5,869,592, or 66.2% of total sales.

The Company's existing battery shell and cover business had net revenue of $3,002,366 during the nine months ended September 30, 2008 compared with $2,344,350 for the nine months ended September 30, 2007, and increase of $658,016, or 28.1%. The increase in our sales in this segment was related to a general increase in sales to existing customers as well as sales of approximately $220,000 to three new customers.

Cost of Revenue

Cost of sales for the nine months ended September 30, 2008 totaled $6,681,489 or approximately 75% of net sales compared to $2,288,409 or 98% of net sales for the nine months ended September 30, 2007, an increase of $4,393,080 or approximately 192%.
Cost of revenue of our new battery distribution segment was $3,921,243, or 66.8% of revenue.

Cost of sales related to our existing battery shell and cover business during the nine months ended September 30, 2008 was $2,760,246, or 91.9% of sales compared to $2,288,409 for the nine months ended September 30, 2007, or 97.6% of sales. The reduction in our cost of sales as a percentage of sales is due to our ability to generate additional revenue with the current infrastructure that we have in place.

Operating Expense

Operating expenses for the nine months ended September 30, 2008 totaled $439,831 or approximately 5% of net revenue compared to $867,481 or approximately 37% of net revenue for the nine months ended September 30, 2007a decrease of $427,650, or approximately 49.3%.

Selling expense for the nine months ended September 30, 2008 totaled $68,518 compared to $18,546 for the same period in 2007. The increase in selling expense of $49,972 was due to an increase in wages for additional staff based on our increased sales.

General and administrative expenses for the nine months ended September 30, 2008 totaled $431,757 compared to $979,997 for the same period in 2007. The decrease in general and administrative expenses of $548,240 was mainly due to a decrease in our professional fees of $186,808 and a decrease in our payroll of $82,174.

Income (Loss) from Operations

Income from operations for the nine months ended September 30, 2008 totaled $1,750,639 or approximately 20% of net revenue compared to a loss from operations of $(811,540) or approximately 35% of net revenue for the nine months ended September 30, 2007, an increase net income of $2,562,179 or approximately 316%. The increase in income from operations was primarily due to the reasons listed above which include an increase in our revenue while decreasing our cost of revenue and our operating expenses as a percentage of revenue..

Other (Income) Expense

During the nine months ended September 30, 2008 we had other income of $8,585 compared to other income of $10,088 for the nine months ended September 30, 2007, a decrease in other income of $1,503.

Net Income (Loss)
Net income for the nine months ended September 30, 2008 totaled $1,410,592 compared to a net loss of $(2,170,221) for the nine months ended September 30, 2007, an increase in net income of $3,580,813 or approximately 165%. In addition to the reasons listed above, the increase in net income was primarily due to the expenses incurred during the nine months ended September 30, 2007 related to losses from discontinued operations of $1,368,769.

LIQUIDITY AND CAPITAL RESOURCES

Cash has historically been generated from operations. Operations and liquidity needs are funded primarily through cash flows from operations and short-term borrowings. Cash and cash equivalents were $6,144,096 at September 30, 2008 and current assets totaled $11,675,348 at September 30, 2008. The Company's total current liabilities were $5,868,508 at September 30, 2008. Working capital at September 30, 2008 was $5,806,840During the nine months ended September 30, 2008 and 2007, net cash provided by (used in) operating activities were $308,884 and $2,961,745, respectively.

Net cash provided by (used in) investing activities totaled $(5,993) for the nine months ended September 30, 2008, compared with $318,088 for the same periods ended September 30, 2007.

Net cash provide by financing activities totaled $2,150,550 for the nine months ended September 30, 2008. The net cash change was $2,349,970 and $3,346,716 for the nine months ended September 30, 2008 and 2007, respectively.

We will continue to evaluate alternative sources of capital to meet our growth requirements, including other asset or debt financing, issuing equity securities and entering into other financing arrangements. There can be no assurance, however, that any of the contemplated financing arrangements described herein will be available and, if available, can be obtained on terms favorable to us.

The sale of Galaxy View for $3 million dollar increased our cash balance and our working capital. The Company's current operations are now generating sufficient cash to cover its operating costs. However we have suffered recurring losses in the past and have an large accumulated deficit. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: 1) acquire profitable operations through issuance of equity instruments, 2) to continue actively seeking additional funding and restructure the acquired subsidiaries to increase profits and minimize the liabilities and 3) enter into the battery distribution business in which we can generate a higher gross margin.

Working Capital Requirements

Historically operations, short term financing and the sale of our company stock have been sufficient to meet our cash needs. We believe that we will be able to generate revenues from sales. However, our actual working capital needs for the long and short term will depend upon numerous factors, including operating results, competition, and the availability of credit facilities, none of which can be predicted with certainty. Future expansion will be limited by the availability of financing products and raising capital.

OFF-BALANCE SHEET ARRANGEMENTS

We have never entered into any off-balance sheet financing arrangements and have never established any special purpose entities. We have not guaranteed any debt or commitments of other entities or entered into any options on non-financial assets.