Nevada

93-1324674

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification no.)

4080 Paradise Road #15-901, Las Vegas, Nevada, USA

89169

(Address of principal executive offices)

(Zip Code)

Larger accelerated filer [   ]

Accelerated filer                  [   ]

Non-accelerated filer    [   ](Do not check if a smaller reporting company)

Smaller reporting company [X]

PART I.

FINANCIAL INFORMATION

3

ITEM 1.  FINANCIAL STATEMENTS

3

ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

11

ITEM 4T.  CONTROLS AND PROCEDURES

15

PART II.

OTHER INFORMATION

15

ITEM 1.  LEGAL PROCEEDINGS

15

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

15

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

15

ITEM 4.  SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS

15

ITEM 5.  OTHER INFORMATION

15

ITEM 6.  EXHIBITS

16

SIGNATURES

17

September 30,

2010

December

(unaudited)

31, 2009

ASSETS

Current assets:

     Cash

$

14 

$

43

               Total assets

$

14

$

 43

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current liabilities:

     Accounts payable

$

77,913

$

66,912

     Due to related parties

29,774

18,811

             Total current liabilities

107,687

85,723

Contingencies and Commitments (Notes 1 and 5)

Stockholders’ deficit:

     Preferred stock, no par value; 10,000,000 shares authorized, no shares issued and outstanding

-

-

     Common stock, $0.001 par value; 500,000,000 shares authorized; 25,460,728 (21,817,127 - December 31, 2009) shares issued and outstanding

25,461

21,817

     Additional paid-in capital

992,500

940,761

     Deficit accumulated during the development stage

(1,125,634

)

(1,048,258

)

             Total stockholders’ deficit

(107,673

)

(85,680

)

$

14

$

43

SALAMON GROUP, INC.

(A Development Stage Company)

STATEMENTS OF OPERATIONS

(unaudited)

Three Months Ended September 30,

Nine Months Ended

September 30,

For The Period

From April 27,

2001 (Inception)

To September 30,

2010

2009

2010

2009

2010

REVENUES

$

-

$

-

$

-

$

-

$

-

EXPENSES:

   General and administrative

38,035

42,855

77,376

163,005

774,801

   Interest expense

-

-

-

-

35,833

   Research and development

-

-

-

-

315,000

38,035 

42,855 

77,376 

163,005 

1,125,634 

Net loss and comprehensive loss

$

 (38,035

)

$

 (42,855

)

$

 (77,376

)

$

 (163,005

)

$

 (1,125,634

)

Loss per share - basic and diluted

$

 (0.00

)

$

 (0.00

)

$

 (0.00

)

$

 (0.01

)

Weighted average shares outstanding - basic and diluted

23,964,000

19,869,714  

23,011,000

18,711,414  

SALAMON GROUP, INC.

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

Nine Months

Nine Months

Ended

Ended

September 30,

September 30,

2010

2009

Cash flows from operating activities:

   Net loss

 $

 (77,376

)

$

 (163,005

)

   Adjustments to reconcile net loss to net

      cash used in operating activities:

           Amortization of intangible asset

-

-

           Estimated fair value of common stock issued for patents

-

-

           Beneficial conversion of amounts due to related party

-

-

           Depreciation of property and equipment

-

-

           Estimated fair value of common stock issued

                   for services

3,000

82,000

           Changes in operating assets and liabilities:

                   Prepaid expense

-

-

                   Accounts payable

11,001

3,376

   Net cash used in operating activities

(63,375)

(77,629

)

Cash flows from investing activities:

   Purchase of property and equipment

-

-

   Purchase of license

-

-

   Net cash used in investing activities

-

-

Cash flows from financing activities:

   Advances from related parties

63,346

53,988

   Proceeds from related party note payable

-

23,700

   Issuance of common stock for cash

-

-

   Net cash provided by financing activities

63,346

77,688

Net change in cash

(29)

59

Cash, beginning of period

43

2

Cash, end of period

$

14

$

61

Non cash investing and financing activity:

Estimated fair value of common stock issued upon conversion of amounts due to related parties

$

52,382

$

47,217

SALAMON GROUP, INC.

(A Development Stage Company)

(Unaudited)

NOTES TO FINANCIAL STATEMENTS

1.

Nature of Operations and Continuance of Business

Salamon Group, Inc. (the "Company ") was incorporated in the state of Nevada on April 27, 2001 (“Inception”). The Company is a development stage company whose principal business plan is to seek earnings by exploiting technology in the field of ‘alternative energy sources’, which technology includes four patents pending related to electrical power generation.

The Company is a development stage company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities.  The Company is devoting substantially all of its present efforts to establishing a new business, and its planned principal operations have not yet commenced. All losses accumulated since Inception have been considered as part of the Company's development stage activities.

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern. At September 30, 2010, the Company has no revenues to date, has accumulated losses of $1,125,634 since inception and a working capital deficit of $107,673 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company’s ability to continue as a going concern. Management plans to continue to provide for the Company's capital needs during the year ending December 31, 2010 by issuing debt and equity securities and by the continued support of its related parties (see Note 3). The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. There is no assurance that funding will be available to continue the Company’s business operations.

On July 5, 2001, the Company entered into a licensing agreement with Space Globe Technologies Ltd. (" Space Globe "), a Canadian private corporation. The agreement allows the Company to use certain technology with respect to a power cell technology used for internal and external electrical applications. The sole shareholder and director of Space Globe is John Salamon who is the President and the sole Director of the Company.

In January 2005, Space Globe and the Company in mutual agreement replaced the license agreement with an agreement that was amended December 31, 2007, which transferred 100% ownership of, and rights to, Space Globe’s technology related to electrical power generation to the Company for no further consideration. John Salamon, the Company’s Chief Executive Officer and majority shareholder, also assigned the Company a 99% interest in the rights to the patent pending.

In June 2007, Space Globe transferred to the Company 100% ownership of rights to Space Globe’s technology related to wireless electrical power generation, including a 99% interest in three patent applications, for a total 4,500,000 shares of the Company’s common stock.

The Company has prepared the accompanying financial statements in accordance with United States generally accepted accounting principles (“GAAP”) for year end financial information.

2.

Summary of Significant Accounting Policies

(a)

Basis of Presentation

These interim unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q.  They do not include all of the information and  footnotes required by generally accepted accounting principles for complete financial statements.  Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended December 31, 2009, included in the Company’s Annual Report on Form 10-K filed May 17, 2010 with the SEC.

The financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s financial position at September 30, 2010 and the results of its operations and cash flows for the nine month periods ended September 30, 2010 and 2009.  The results of operations for the periods ended September 30, 2010 are not necessarily indicative of the results to be expected for future quarters or the full year.

SALAMON GROUP, INC.

(A Development Stage Company)

(Unaudited)

NOTES TO FINANCIAL STATEMENTS

(b)

Basic and diluted net loss per share

The Company computes net loss per share in accordance with ACS 260, Earnings per Share, which requires presentation of both basic and diluted loss per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, convertible preferred stock, and convertible debt, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive common shares if their effect is antidilutive. At September 30, 2010 and 2009, there were no potentially dilutive instruments outstanding.

(c)

Revenue recognition

Revenues from the sale of products will be recorded when the product is shipped, title and risk of loss have transferred to the purchaser, payment terms are fixed or determinable and payment is reasonably assured. Revenues from service contracts will be recognized when performance of the service is complete or over the term of the contract.

(d)

Foreign currency translation

The Company’s financial instruments and reporting currency is the United States dollar.  Monetary assets and liabilities denominated in foreign currencies are translated in accordance with ASC 830, Foreign Currency Translation Matters, using the exchange rate prevailing at the balance sheet date.  Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.

(e)

Income Taxes

The Company accounts for income tax using the asset and liability method in accordance with ASC 740, Income Taxes.  The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards.  Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse.  The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

(f)

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources.  The actual results experience by the Company may diff material and adversely from the Company’s estimates.  To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

(g)

Financial Instruments

Pursuant to ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence when measuring fair value using a hierarch based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization with the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.  The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can  be derived principally from, or corroborated by, observable data.

 Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company’s financial instruments consist principally of cash, accounts payable, and amounts due to related parties.  The fair value of the Company’s cash equivalents, when applicable, is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets.  During the nine months period ended September 30, 2010, the Company estimates that the carrying values of all of its financial instruments approximate their fair values due to the nature or duration of these instruments.

The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505, Equity Based Payments to Non employees. The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

(h)

Non Monetary Transactions

All issuances of the Company’s common stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received whichever is more readily determinable.  The majority of the non-cash consideration received pertains to services rendered by consultants and others and has been valued at the market value of the shares issued.

The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505, Equity Based Payments to Non Employees. The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

(i)

Comprehensive Loss

ASC 220, Comprehensive Income establishes standards for the reporting and display of comprehensive loss and its components in the financial statements.  As at September 30, 2010, the Company has no items that represent comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

(j)

New Accounting Pronouncements

In January 2010, the FASB issued Accounting Standards Update (ASU) No. 2010-06, Improving Disclosures about Fair Value Measurements, which amends the ASC Topic 820, Fair Value Measurements and Disclosures.  ASU No. 2010-06 amends the ASC to require disclosure of transfers into and out of Level 1 and Level 2 fair value measurements, and also requires more detailed disclosure about the activity within Level 3 fair value measurements.  The new disclosures and clarifications of existing disclosures are effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures concerning purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements.  Those disclosures are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years.  The adoption of this amendment is not expected to have a material effect of the Company’s financial statements.

SALAMON GROUP, INC.

(A Development Stage Company)

(Unaudited)

NOTES TO FINANCIAL STATEMENTS

3

Related Party Transactions and Balances

(a)

Amounts owing to Space Globe are unsecured, non interest bearing and are due on demand. The sole shareholder and sole director of Space Globe is John Salamon who is the President and the sole Director of the Company. At September 30, 2010 and December 31, 2009, a total of $29,774 and $18,811, respectively, was due to Space Globe.

(b)

During the nine months ended September 30, 2010, the Company shared office space and travel arrangements with Space Globe. During each of the nine months ended September 30, 2010 and 2009, the Company incurred an aggregate of approximately $12,000 and $9,000 respectively of allocated office, rent and travel expense.

(c)

On September 29, 2010, the Company issued 708,868 shares of common stock to Space Globe at a price of $0.017 per share (the estimated fair value) for the conversion of $12,051 of advances.

(d)

On August 20, 2010, the Company issued 1,434,733 shares of common stock to Space Globe at a price of $0.015 per share (the estimated fair value) for the conversion of $21,521 of advances.

(e)

On March 15, 2010, the Company issued 1,200,000 shares of common stock to Space Globe at a price of $0.02 per share (the estimated fair value) for the conversion of $18,811 of advances.

4.

Common Stock

(a)

On March 15, 2010, the Company issued 1,200,000 shares of common stock to Space Globe at a price of $0.02 per share (the estimated fair value) for the conversion of $18,811 of advances.

(b)

In June, 2010, the Company, pursuant to an agreement, agreed to issue shares to a third party for services provided. According to the terms of the agreement, the Company will issue 300,000 shares of its common stock, which were valued at their estimated fair value of $0.01 per share.

(c)

On August 20, 2010, the Company issued 1,434,733 shares of common stock to Space Globe at a price of $0.015 per share (the estimated fair value) for the conversion of $21,521 of advances.

(d)

On September 29, 2010, the Company issued 708,868 shares of common stock to Space Globe at a price of $0.017 per share (the estimated fair value) for the conversion of $12,051 of advances.

SALAMON GROUP, INC.

(A Development Stage Company)

(Unaudited)

NOTES TO FINANCIAL STATEMENTS

5.

Contingencies and Commitments

(a)

Litigation

From time to time, the Company may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm the Company. The Company is currently not aware of any such legal proceedings or claims that the Company believes will have, individually or in the aggregate, a material adverse affect on its business, financial condition or operating results.

(b)

Indemnities and Guarantees

During the normal course of business, the Company has made certain indemnities and guarantees under which it may be required to make payments in relation to certain transactions. The Company indemnifies its directors, officers, employees and agents to the maximum extent permitted under the laws of the State of Nevada. These indemnities include certain agreements with the Company's officers under which the Company may be required to indemnify such person for liabilities arising out of their employment relationship. The duration of these indemnities and guarantees varies and, in certain cases, is indefinite. The majority of these indemnities and guarantees do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations and no liabilities have been recorded for these indemnities and guarantees in the accompanying balance sheets.

 (c)

Commitments

On June 20, 2008, the Company entered into a license agreement with 482229 B.C. Ltd. (“482229”), a private company based in Kelowna, British Columbia, whereby we granted 482229 the exclusive rights to manufacture, market, distribute and sell in Canada all electrical power generation products derived from our 2001 patent pending. The license is for an initial term of seven years. 482229 has agreed to pay us a one time licensing fee of CDN $15,000 on or before June 20, 2009 and additional fees equal to 3% of 482229’s gross revenues derived from the sale of products, payable quarterly. In April, 2010, the Company terminated the license agreement with 482229 B.C. Ltd. No amounts were earned by the Company under the agreement.

On July 5, 2001, the Company purchased a license related to certain power cell technology for cash of $50,000 and five million common shares of the Company valued at $5,000 from Space Globe. In addition, the Company agreed to pay Space Globe a royalty equal to 3% of the gross sales derived from the technology. To date, no sales have been made and accordingly no royalties have been earned in connection with this agreement.

On September 20, 2010, the Company issued a Letter of Intent to purchase 100% of the issued and outstanding shares of Sheppard Holdings, LLC. The terms of the agreement were accepted by Sheppard Holdings, LLC on September 21, 2010. Sheppard Holdings is a private Nevada corporation seeking funding to develop Vertical axis Wind Turbine technology. The LOI allows Salamon Group to perform its due diligence before entering into a definitive agreement and determine the acquisition price and the terms. To date Salamon Group has not completed its due diligence.

6.

Subsequent Events

On September 20, 2010, the Company issued a Letter of Intent to purchase 100% of the issued and outstanding shares of Sheppard Holdings, LLC. The terms of the agreement were accepted by Sheppard Holdings, LLC on September 21, 2010. Sheppard Holdings is a private Nevada corporation seeking funding to develop Vertical axis Wind Turbine technology. The LOI allows Salamon Group to perform its due diligence before entering into a definitive agreement and determine the acquisition price and the terms. To date Salamon Group has not completed its due diligence.

 3.1

Articles of Incorporation ⁽¹⁾

3.2

Bylaws ⁽¹⁾

10.1

Technology License Agreement between Space Globe and the registrant dated July 5, 2001. ⁽¹⁾

10.2

Assignment Agreement between Space Globe and the registrant dated January 10, 2005. ⁽²⁾

10.3

Consulting Agreement between Alvin Mirman and the registrant dated September 8, 2006. ⁽⁵⁾

10.4

Assignment Agreement between Space Globe, John Salamon and the registrant dated June 29, 2007. ⁽³⁾

10.5

Debt Settlement Agreement between Space Globe and the registrant dated June 29, 2007. ⁽³⁾

10.6

Amendment dated September 30, 2007 to Assignment Agreement dated January 10, 2005 among Space Globe, John Salamon and the registrant. ⁽⁴⁾

10.7

Debt Settlement Agreement between Space Globe and the registrant dated November 6, 2007. ⁽⁵⁾

10.8

Debt Settlement Agreement between Space Globe and the registrant dated April 15, 2008. ⁽⁶⁾

10.9

License Agreement between 482229 B.C. Ltd. and the registrant dated June 20, 2008. ⁽⁶⁾

10.10

Consulting Agreement between Harold Schneider and the registrant dated September 1, 2008

 31.1

Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. ⁽⁶⁾

32.1

Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. ⁽⁶⁾

(1)

Incorporated by reference to the exhibits of the Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on December 12, 2003.

(2)

Incorporated by reference to the exhibits of the Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission on January 15, 2005.

(3)

Incorporated by reference to the exhibits of the Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission on August 20, 2007.

(4)

Incorporated by reference to the exhibits of the Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission on November 6, 2007.

(5)

Incorporated by reference to the exhibits of the Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on April 14, 2008.

(6)

Filed herewith.

By:

   /s/ John E. Salamon

John E. Salamon

President

(Principal Executive Officer and

Principal Financial Officer)

(1)

I have reviewed this Quarterly Report on Form 10-Q of Salamon Group, Inc.;

(2)

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3)

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4)

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f) for the registrant and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

(5)

I have disclosed, based on my most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ John E. Salamon

By:

John E. Salamon

Title:

Chief Executive Officer and

Chief Financial Officer

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(i)

the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended September 30, 2010, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(ii)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:

/s/ John E. Salamon

Name:

JOHN E. SALAMON

Title:

Chief Executive Officer and

Chief Financial Officer

Date:

November 18, 2010