Kurrant Mobile Catering, Inc. - FORM 10-Q

Attached files

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EX-32.1 - CERTIFICATION - Kurrant Mobile Catering, Inc.	kurrant_ex321.htm
EX-31.2 - CERTIFICATION - Kurrant Mobile Catering, Inc.	kurrant_ex312.htm
EX-31.1 - CERTIFICATION - Kurrant Mobile Catering, Inc.	kurrant_ex311.htm
EX-32.2 - CERTIFICATION - Kurrant Mobile Catering, Inc.	kurrant_ex322.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

Mark One

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193
For the period ended November 30, 2010

o	TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______
Commission file number: 0-53011

KURRANT MOBILE CATERING, INC.

(Name of small business issuer in its charter)

Colorado		26-1559350
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

279 Sherbrooke West, Suite 305

Montreal, Quebec, Canada H2X IY2

(Address of principal executive offices)

(514) 273-0123

(Issuer’s telephone number)

Securities registered pursuant to Section 12(b) of the Act:		Name of each exchange on which registered:
None

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, $0.001 par value

(Title of Class)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes o No o

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

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

Indicate the number of shares outstanding of each of the issuer’sclasses of common stock, as of the most practicable date:		Outstanding as of January 19, 2011
Class		184,654,254
Common Stock, $0.001 par value

Transitional Small Business Disclosure Format (Check one): Yes o No x

KURRANT MOBILE CATERING, INC.

FORM 10-Q

PART I. FINANCIAL INFORMATION

Item 1.	Financial Statements
	Consolidated Balance Sheets (Unaudited)	3
	Consolidated Statements of Operations (Unaudited)	4
	Consolidated Statements of Cash Flows (Unaudited)	5
	Consolidated Statement of Stockholders’ (Deficit) (Unaudited)	6
	Notes to Consolidated Financial Statements (Unaudited)	7-16

Item 2.	Management’s Discussion and Analysis (MD&A)	17

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	24

Item 4.	Controls and Procedures	25

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings	27

Item 1A.	Risk Factors	28

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	28

Item 3.	Defaults Upon Senior Securities	32

Item 4	Submission of Matters to a Vote of Security Holders	32

Item 5.	Other Information	33

Item 6.	Exhibits	34

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

KURRANT MOBILE CATERING INC.

Consolidated Balance Sheets

(Unaudited)

	November 30,			February 28,
	2010			2010

Assets
Current assets:
Cash and cash equivalents	$	2,083		$	27,172
Accounts receivable, net (note 3)		472,894			421,888
Receivables - related party (note 4)		19,605			11,370
Inventory, net of allowance of $97,430 and $75,899, respectively		511,374			494,881
Royalty advances		-			46,918
Prepaid expenses		-			15,292
Total current assets		1,005,956			1,017,521
Property and equipment, net (note 5)		17,561			19,571
Total assets	$	1,023,517		$	1,037,092

Liabilities and Stockholders' Deficit
Current liabilities:
Accounts payable and accrued expenses (note 6)	$	856,535		$	645,250
Accounts payable and accrued expenses - related party (note 7)		178,579			55,667
Advances from related party (note 8)		233,040			204,250
Deferred revenues		57,293			102,668
Short term debt net of amortized discount of $231,038 and $0 (note 9)		341,000			-
Income taxes payable		43,844			42,750
Total current liabilities		1,710,291			1,050,585

Total liabilities		1,710,291			1,050,585

Stockholders' Deficit
Common Stock $0.001 par value: 250,000,000 shares		181,655			91,405
authorized: 181,654,254 and 91,404,254 shares issued
and outstanding, respectively
Additional paid-in-capital		18,723,827			(91,403	)
Accumulated Deficit		(19,266,333	)		(6,748	)
Non-controlling interest		(325,923	)		(6,747	)
Total stockholders' deficit		(686,774	)		(13,493	)
Total liabilities and stockholders' deficit	$	1,023,517		$	1,037,092

The accompanying notes are an integral part of the consolidated financial statements.

KURRANT MOBILE CATERING INC.

Consolidated Statements of Operations

(Unaudited)

	Three months ended						Nine months ended
	November 30,			November 30,			November 30,			November 30,
	2010			2009			2010			2009

Revenues, net of allowances and returns	$	56,848		$	633,814		$	543,560		$	794,871
Operating costs and expenses:
Cost of sales		146,334			300,690			476,706			501,579
Selling, general and administration		2,479,192			171,118			13,605,542			193,125
Depreciation and amortization expense		670			-			2,010			-
Total operating costs and expenses		2,626,196			471,808			14,084,258			694,704794

Operating income (loss)		(2,569,348	)		162,006			(13,540,698	)		100,167
Other income (expenses)
Interest expense		(180,779	)		(3,275	)		(273,247	)		(3,574	)
Loss on settlement of debt		-			-			(5,778,850	)		-
Foreign currency gain (loss)		(14,287	)		2,323			14,034			(1,331	)
Total other income (expenses)		(195,066	)		(952	)		(6,038,063	)		(4,905	)

Net income (loss)	$	(2,764,414	)	$	161,054		$	(19,578,761	)	$	95,262
Net (income) loss attributable to
the non-controlling interest		136,076			(80,527	)		319,176			(47,631	)
Net income (loss) attributable to Kurrant Mobile
Catering, Inc. and its common shareholders		(2,628,338	)		80,527			(19,259,585	)		47,631

Net income (loss) per share - basic and diluted	$	(0.01	)	$	0.06		$	(0.13	)	$	0.03

Weighted average common shares-
basic and diluted		180,863,045			1,404,254			146,148,072			1,404,254

The accompanying notes are an integral part of the consolidated financial statements.

KURRANT MOBILE CATERING INC.

Consolidated Statements of Cash Flows

(Unaudited)

	Nine months ended
	November 30,			November 30,
	2010			2009

Cash flow from operating activities:
Net income (loss)	$	(19,578,761	)	$	95,262
Adjustments to reconcile net income (loss) to net cash
used in operating activities
Depreciation and amortization expense		2,010			-
Stock-based compensation		12,957,650			-
Loss on settlement of debt		5,778,850			-
Amortization of debt discount		231,038			-
Changes in operating assets and liabilities:
Receivables		(51,006	)		(265,816	)
Receivables - related party		(8,235	)		-
Inventory		(16,493	)		(294,502	)
Royalty advances		46,918			-
Prepaid Expenses		15,292			-
Accounts payable and accrued liabilities		200,137			296,930
Accounts payable and accrued expenses related party		122,912			75,656
Advances from related party (note 8)		28,790			-
Deferred revenues		(45,375	)		-
Income taxes payable		1,094			-
Net cash used in operating activities	$	(315,179	)	$	(92,470	)

Cash flows from financing activities:
Proceeds from debt		341,000			141,855
Repayment of debt - related party		(50,910	)		-
Dividends paid		-			(41,094	)
Redemption of capital stock		-			(19,675	)
Net cash provided by financing activities	$	290,090		$	81,086

Decrease in cash and cash equivalents		(25,089	)		(11,384	)

Cash and cash equivalents, beginning of the period		27,172			19,676

Cash and cash equivalents, end of the period	$	2,083		$	8,292

Supplemental schedule of cash flow information:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

Non-Cash investing and financing activities:
Beneficial Conversion Feature	$	231,038		$	-

The accompanying notes are an integral part of the consolidated financial statements.

KURRANT MOBILE CATERING INC.

Consolidated Statement of Stockholders' Deficit

(Unaudited)

					Additional						Non-			Total
	Common Stock				Paid			Accumulated			Controlling			Stockholders'
	Shares		Amount		In Capital			deficit			Interest			deficit

February 28, 2010 (retroactively restated for recapitalization pursuant to reverse merger)		91,404,254	$	91,405	$	(91,403	)	$	(6,748	)	$	(6,747	)	$	(13,493	)

Recapitalization pursuant to
reverse merger		-		-		(62,058	)		-			-			(62,058	)
Settlement of debt		27,650,000		27,650		5,778,850									5,806,500
Stock issued for services (note 10)		62,600,000		62,600		12,867,400			-			-			12,930,000
Beneficial conversion feature of
convertible promissory note						231,038									231,038
Net loss		-		-		-			(19,259,585	)		(319,176	)		(19,578,761	)

November 30, 2010		181,654,254	$	181,655	$	18,723,827		$	(19,266,333	)	$	(325,923	)	$	(686,774	)

The accompanying notes are an integral part of the consolidated financial statements

KURRANT MOBILE CATERING, INC.

Notes to Consolidated Financial Statements (Unaudited)

November 30, 2010

Note 1 – Summary of Significant Accounting Policies

Organization, Ownership and Business

Kurrant Mobile Catering, Inc. (``Kurrant Mobile`` or the “Company”) or was incorporated in the State of Colorado on October 15, 2007. The Company was originally a wholly-owned subsidiary of Kurrant Food Enterprises, Inc. (“KRTF”). On November 30, 2007, the directors of KRTF approved, subject to the effectiveness of a registration with the Securities and Exchange Commission (``SEC``), the spin-off of the Company to KRTF shareholders of record on January 10, 2008 on a pro rata basis. The Company was formed to provide mobile catering services to individuals, businesses and other organizations.

Effective May 20, 2010, Kurrant Mobile entered into a share exchange agreement with Pierre Turgeon, a shareholder of Transit Publishing Inc. (``Transit``). Kurrant Mobile acquired 100 shares, or fifty percent (50%) of the 200 total issued and outstanding Class A shares, par value $0.01 per share, of Transit in exchange for issuance of 90,000,000 shares of common stock of Kurrant Mobile representing approximately 98.5% of the total issued and outstanding shares of Kurrant Mobile. The share exchange agreement provided for the merger of Transit with and into Kurrant Mobile, with Transit continuing as the surviving entity in the merger as a fifty percent (50%) owned subsidiary of Kurrant Mobile. For SEC reporting purposes, the agreement between Kurrant Mobile and Transit was treated as a reverse merger since the power to control Transit exists with Pierre Turgeon by agreement with the other stockholder, with Transit being the "accounting acquirer" and, accordingly, Transit assuming Kurrant Mobile's reporting obligations with the SEC. Prior to the share exchange agreement transaction described above, Kurrant Mobile was in the development stage.

Transit was incorporated on February 10, 2009 under the Canada Business Corporations Act and commenced its operations on March 1, 2009. Transit operates a publishing house and the majority of titles published by Transit will be launched simultaneously in American, Canadian, and European markets in French and English.

The accompanying unaudited interim consolidated financial statements of Kurrant Mobile have been prepared in accordance with accounting principles generally accepted (``GAAP``) in the United States of America and the rules of the SEC, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's 8-K that the company filed with the SEC on October 12, 2010.

In the opinion of management, all adjustments, consisting of normal recurring adjustments (including the adjustments related to the recapitalization pursuant to the reverse merger), necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year 2010 filed as reported in the Form 8-K have been omitted.

Management’s Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect 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. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers cash and cash equivalents to include cash on hand and certificates of deposits with banks with an original maturity of three months or less.

Accounts Receivable

Accounts receivable consist primarily of trade receivables, net of allowance for doubtful accounts. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts. The Company’s estimate is based on historical collection experience and a review of the current status of trade accounts receivable. It is reasonably possible that the Company’s estimate of the allowance for doubtful accounts will change. Accounts receivable are presented net of an allowance for doubtful accounts of $192,412 at November 30, 2010 ($85,158 at February 28, 2010).

Inventories

Inventories, consisting principally of printed books, are stated at the lower of cost or market. Cost is determined on a standard cost basis that approximates the first-in, first-out (FIFO) method. Market is determined based on net realizable value. Appropriate consideration is given to obsolescence, excessive levels of inventory on hand, deterioration, and other factors in evaluating net realizable value. The Company records a reserve for excess and obsolete inventory based upon a calculation using the historical usage and sales patterns of its products. The Company had a reserve for excess and obsolete inventory totalling $97,430 at November 30, 2010 ($75,899 at February 28, 2010).

Royalty Advances and Royalty Costs

The Company regularly commits to and pays advance royalties to its artists or writers in respect of future sales. Certain advance royalty payments that are believed to be recoverable from future royalties to be earned by the artist or writer are capitalized as assets. The decision to capitalize an advance to an artist or writer as an asset requires significant judgment as to the recoverability of these advances. The recoverability of these assets is assessed upon initial commitment of the advance, based upon the Company’s forecast of anticipated revenues from the sale of future and existing publishing-related products. In determining whether these amounts are recoverable, the Company evaluates the current and past popularity of the artist or writer, the initial or expected commercial acceptability of the product, the current and past popularity of the genre that the product is designed to appeal to, and other relevant factors. Based upon this information, the portion of such advances that are believed not to be recoverable is expensed. All advances are assessed for recoverability continuously and at minimum on a quarterly basis. The Company recognized $46,918 of expense for unrecoverable royalty advances during the nine months ended November 30, 2010.

Royalties earned by artists, writers, co-publishers, other copyright holders and trade unions are recognized as a liability as accrued royalties and recognized as an expense as cost of sales in the period in which the sale of the product takes place, less an adjustment for future estimated returns.

Property and Equipment

Assets acquired in the normal course of business are recorded at original cost and may be adjusted for any additional significant improvements after purchase. The Company depreciates or amortizes the cost evenly over the assets’ estimated useful lives, ranging from three to seven years. Upon retirement or sale, the cost of the assets disposed of and the related accumulated depreciation are removed from the accounts, with any resultant gain or loss being recognized as a component of operating expense.

Revenue Recognition

Trade – Revenue from the sale of books and eBooks for distribution in the retail channel is primarily recognized when risks and benefits transfer to the customer, which generally is at the time of shipment, or when the product is on sale and available to the public. A reserve for estimated returns is established at the time of sale and recorded as a reduction to revenue. Actual returns are charged to the reserve as received. The calculation of the reserve for estimated returns is based on historical return rates and sales patterns. In instances where the estimated reserves for returns exceed the actual returns and the Company obtains the customer’s acceptance and the risks and benefits transfer to the customer, revenue is recorded for the amount the estimated reserves exceeded the actual returns.

Foreign Currency Translation and Foreign Operations

The Company uses the US dollar as its functional currency. Transactions in foreign currencies have been re-measured and translated into US dollars. Under this method, monetary assets and liabilities are translated at the year-end (or period end) exchange rate. Non-monetary items are translated at historical exchange rates. Revenue and expense items are translated at the exchange rates in effect on the dates of the transactions, except for amortization of equipment, which are translated at the same exchange rates as the assets to which they relate. Exchange gains and losses arising from these transactions are included in the determination of net income for the year or the period. The Company does not utilize foreign currency hedging contracts to manage the volatility associated with foreign currency purchases of materials and other assets and liabilities created in the normal course of business.

The Company operates in a single business segment that includes the publication/distribution of books and eBooks. The Company sells its products to distributors throughout the world. The following table summarizes the Company’s revenues for the quarter ended November 30, 2010 and long-lived assets at November 30, 2010 for different geographic locations (the geographic area data is based on product shipment destination and the geographic summary of long-lived assets is based on physical location):

	Revenues, net
	Three months		Nine months		Long-Lived
	ended		ended		Assets, net
	November 30, 2010		November 30, 2010		November 30, 2010

United States	$	19,891	$	190,240	$	-
France		21,597		206,547		-
Canada		8,525		81,532		17,561
Other foreign countries		6,835		65,241		-
Total	$	56,848	$	543,560	$	17,561

In the nine-month period ended November 30, 2010, the two largest customers accounted for approximately 85% of sales: sales to customers outside the United States approximated 65% of net sales in the nine-month period ended November 30, 2010. An adverse change in either economic conditions abroad or the Company's relationship with significant foreign distributors could negatively affect the volume of the Company's international sales and the Company's results of operations.

At November 30, 2010, two customers, each of who accounted for more than 10% of the Company’s accounts receivable, accounted for 65% of total accounts receivable in aggregate; at November 30, 2010, approximately 45% of the Company's total accounts receivable were due from customers outside the United States. The Company performs ongoing credit evaluations of its customers’ financial condition and, generally, requires collateral, such as letters of credit, whenever deemed necessary.

The Company's future operations and earnings will depend on the results of the Company's foreign operations. There can be no assurance that the Company will be able to successfully conduct such operations, and a failure to do so would have a material adverse effect on the Company's financial position, results of operations, and cash flows. Also, the success of the Company's operations will be subject to numerous contingencies, some of which are beyond management's control. These contingencies include general and regional economic conditions, prices for the Company's products, competition, and changes in regulation. Since the Company is dependent on international operations, specifically those in Canada and France, the Company will be subject to various additional political, economic, and other uncertainties. Among other risks, the Company's operations will be subject to the risks of restrictions on transfer of funds; export duties, quotas, and embargoes; domestic and international customs and tariffs; changing taxation policies; foreign exchange restrictions; and political conditions and governmental regulations.

Income Taxes

An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carry forwards (“NOLs”). If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.

The Company’s annual effective tax rate for the fiscal year 2011 is currently expected to be approximately 27% as a result of net operating losses in foreign jurisdictions, mainly in Canada. Valuation allowances are provided for the net operating loss carry forwards in this jurisdiction. The Company recognizes tax benefits of uncertain tax positions in accordance with the current accounting guidance pertaining to uncertainty in income taxes. The Company does not currently anticipate a material change to its unrecognized tax benefits during the year; however, actual developments can change these expectations.

New Accounting Policies

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. The following table sets forth the computation of basic and diluted earnings per share. The shares outstanding and the earnings per share have been adjusted retroactively for the 1 for 10 reverse stock splits which occurred on September 23, 2008:

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share.

	Quarter Ended November 30, 2010			Quarter Ended November 30, 2009		Nine Months Ended November 30, 2010			Nine Months Ended November 30, 2009
Numerator: Net income (loss), basic	$	(2,628,338	)	$	80,527	$	(19,259,585	)	$	95,262

Numerator: Adjusted net income (loss), Diluted	$	(2,628,338	)	$	80,527	$	(19,259,585	)	$	95,262

Denominator: Average common shares outstanding – basic		180,863,045			1,404,254		146,148,072			1,404,254

Denominator: Average common shares outstanding – diluted		180,863,045			1,404,254		146,148,072			1,404,254

Basic earnings (loss) per share	$	(.01	)	$	.06	$	(0.13	)	$	0.03

Diluted earnings (loss) per share	$	(.01	)	$	.06	$	(0.13	)	$	0.03

For periods where losses are reported, adjustments that would decrease net loss or increase the weighted-average number of common shares outstanding due to the effect of common stock equivalents are excluded from the diluted loss per share calculation, because their inclusion would be anti-dilutive. Diluted loss per share does not include the effect of the convertible notes payable to 2,131,250 common shares for the three month and nine month periods ended November 30, 2010 and 2009, respectively, since their inclusion would be anti-dilutive.

Note 2 – Going Concern

The Company’s financial statements are prepared using United States generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of November 30, 2010, the Company has a working capital deficit of $704,335 and an accumulated deficit of $19,266,333. These factors raise substantial doubt about its ability to continue as a going concern.

The Company will need to raise proceeds from the issuance of debt or equity and increase its operating revenues. There can be no assurance that Transit Publishing, Inc. can or will be able to complete any debt or equity financing with commercially reasonable terms. To increase its operating revenues the Company will need to successfully publish/distribute books, eBooks and sell film rights. The Company’s financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note 3 – Accounts Receivable

The accounts receivable are comprised of the following:

	November 30, 2010			February 28, 2010

Trade receivables	$	657,037		$	476,752
Allowance for doubtful accounts		(192,412	)		(85,158	)
Consumption taxes receivable		8,269			30,294
	$	472,894		$	421,888

Note 4 – Receivables – Related Party

The receivables from related party as of November 30, 2010 and February 28, 2010, are from an affiliated company controlled by one of the Company’s shareholders and are non-interest bearing and due on demand.

Note 5 – Property and Equipment

The properly and equipment are comprised of the follow:

	November 30, 2010
			Accumulated					February 28, 2010
	Cost		depreciation			Net value		Net value

Office equipment	$	13,212	$	(2,314	)	$	10,898	$	11,891
Computer hardware		9,035		(2,372	)		6,663		7,680
	$	22,247	$	(4,686	)	$	17,561	$	19,571

Note 6- Accounts Payable and Accrued Expenses

The accounts payable and accrued expenses are comprised of the following:

	November 30, 2010		February 28, 2010

Trade payables	$	626,868	$	253,382
Accrued expenses		58,421		58,083
Salaries and accrued wages payable		68,944		13,716
Accrued royalties		102,302		320,069
	$	856,535	$	645,250

Note 7 – Accounts Payable and Accrued Expenses - Related Party

The accounts payable and accrued expenses - related party totalling $178,579 at November 30, 2010 ($55,667 at February 28, 2010) primarily consist of amounts due to related parties for consulting, legal, and various other services provided on behalf of the Company.

Note 8 – Advances from Related Party

The advances from a related party totalling $233,040 at November 30, 2010, ($204,250 at February 28, 2010) is from one of the Company’s shareholders and bore interest at 7.25% and was due on demand. On July 5, 2010, the Company converted the advances into a note payable bearing interest at 10%, with an initial payment of $50,000 due on October 1, 2010 and then monthly payments of $17,500 per month until the maturity date of August 1, 2011, at which date any remaining unpaid principal and interest are due. The Company has been unable to make the agreed upon payment and is currently in default. The Company is renegotiating the repayment terms for the payments in default.

Note 9 – Short Term Debt

From May 6, 2010 through August 20, 2010, Kurrant Mobile entered into a series of convertible promissory notes in various principal amounts with various individuals. The aggregate amount represented in principal loaned to Kurrant Mobile from various non-related party creditors $341,000. In accordance with the terms and provisions of the convertible promissory notes, the convertible promissory notes are unsecured, bear interest at the rate of 10% per annum from the date of issuance of the respective convertible promissory note and are payable sixty days from the date of issuance of the respective convertible promissory note. Each convertible promissory note is convertible at the election of the creditor into shares of Kurrant Mobile’s common stock ranging from $0.10 to $0.16 per share. The conversion price was based on the then recent market prices and near non-liquidity of the Company’s common stock, the number of shares that would be issued and the effect that the sale of such shares would have on the market for the Company’s common stock, and the legal constraints on the sale of such shares. Assuming no adjustment to the conversion price, if the creditors convert the entire principal balance of the convertible promissory notes, they would receive 2,131,250 shares of common stock. The Company evaluated the terms of the convertible promissory notes and concluded that the convertible promissory notes did not result in a derivative, however, the Company concluded that there was a beneficial conversion feature since the convertible promissory notes were convertible into shares of common stock at a discount to the market value of the common stock. The discount related to the beneficial conversion feature was valued at $231,038 at inception based on the intrinsic value and was fully amortized at November 30, 2010 and recognized in interest expense in the accompanying statement of operations in the period of amortization. The Company has been unable to make any payments on these notes. At November 30, 2010, none of these notes have converted. The Company is currently in the process of extending these notes.

Note 10 – Stockholder’s Equity

On May 20, 2010, Kurrant Mobile, located in the State of Colorado, USA, entered into a Share Exchange Agreement with Pierre Turgeon, a shareholder of Transit. Kurrant Mobile acquired 100 shares, or fifty percent (50%) of the 200 total issued and outstanding Class A shares, par value $0.001 per share, of Transit in exchange for issuance of 90,000,000 shares of common stock of Kurrant Mobile representing approximately 98.5% of the total issued and outstanding shares of Kurrant Mobile. The Share Exchange Agreement provided for the merger of Transit with and into Kurrant Mobile, with Transit continuing as the surviving entity in the merger as a fifty percent (50%) owned subsidiary of Kurrant Mobile. For SEC reporting purposes, the Agreement between Kurrant Mobile and Transit was treated as a reverse merger since the power to control Transit exists with Pierre Turgeon by agreement with the other stockholder, with Transit being the "accounting acquirer" and, accordingly, Transit assuming Kurrant Mobile's reporting obligations with the SEC.

On February 10, 2010, certain selling shareholders entered into common stock purchase agreements with Tony Khoury for the purchase of an aggregate 1,040,000 shares of common stock of Kurrant Mobile. In accordance with the terms and provisions of the purchase agreements, Spyglass Investment Partnership, as holder of that certain promissory note dated March 1, 2009 in the principal amount of $250,000 between Kurrant Mobile and Spyglass, assigned a portion of the promissory note in the amount of $27,650 to Dimitrios Liakopoulos. On June 1, 2010, Kurrant Mobile issued 27,650,000 common shares valued at $5,806,500, based on fair market value using quoted market prices on the date of grant for the debt settlement. The Company recognized a loss of $5,778,850 on the settlement of the debt for the three months ended August 31, 2010.

On June 2, 2010, Kurrant Mobile issued 47,000,000 common shares valued at $9.8 million, based on the fair market value using quoted market prices on the date of grant for consulting services rendered during the three months ended August 31, 2010.

On August 1, 2010, Kurrant Mobile issued 3,000,000 common shares valued at $0.7 million, based on the fair market value using quoted market prices on the date of grant for consulting services rendered during the three months ended August 31, 2010.

On September 1, 2010, Kurrant Mobile issued 9,000,000 common shares valued at $1.7 million, based on the fair market value using quoted market prices on the date of grant for consulting services rendered during the three months ended November 30, 2010.

On September 10, 2010, Kurrant Mobile issued 3,000,000 common shares valued at $0.6 million, based on the fair market value using quoted market prices on the date of grant for consulting services rendered during the three months ended November 30, 2010.

On November 15, 2010, Kurrant Mobile issued 600,000 common shares valued at $0.1 million, based on the fair market value using quoted market prices on the date of grant for consulting services rendered during the three months ended November 30, 2010.

Note 11 – Related Party Transactions

The accompanying statements of operations include the following related party transactions undertaken in the normal course of operations:

	November 30, 2010		February 28, 2010

Subcontracts - included in Cost of sales
Company controlled by a shareholder	$	29,849	$	58,057
Professional fees - included in Operating expenses
Shareholder		-		28,009
Partnership controlled by a shareholder		147,804		202,557
Interest and bank charges - included in Other expenses
Shareholder		1,274		5,094
	$	178,926	$	293,717

Note 11 – Commitments and Contingencies

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

Objective Films, LLC vs. Transit Medias, Inc., Transit Publishing, Inc., Pierre Turgeon and Kurrant Mobile Catering, Inc. a/k/a Cogito Media Group, essentially, this is a dispute relating to the potential distribution in Canada and France of a film which was being produced by Objective Film LLC. Transit Publishing paid an advance of US $50,000 as a deposit in relation to the potential signature of a distribution agreement for Canada and France in relation to the Film. The term sheet signed in December 2009 provided that Objective Films would provide a finished copy of the film to Transit and its potential clients no later than June 5th, 2010. Unfortunately, the film was not ready in time and the distribution agreement with Transit was never executed nor implemented. Therefore, Transit's position is that Objective Films should reimburse it the $50,000 deposit. Objective Films' position is that the formal agreement, although not signed, somehow came in to force and Transit owes to Objective Films the second and last payment of $50,000. On July 7, 2010, Objective Films filed what is called “Summons with Notice” in the Supreme Court of the State of New York, in which it made an assertion that it suffered damages of more than $7,500,000. This type of proceeding is sometime used in cases where a party wishes to prevent the application of a statute of limitation. It does not become a formal legal proceeding to which a defendant must appear or file a defence until a formal complaint is filed. Such a formal complaint has yet to be filed. The Company’s management is of the opinion that this proceeding has been filed strictly as a pressure tactic to force Transit to settle the dispute relating the second payment of $50,000 allegedly owed to Objective Films. Transit is currently considering whether it should file a counter-suit against Objective Films. The Company has made no provision for this claim based on its assessment that there is only a reasonable possibility that a loss may have been incurred.

Laliberté vs. Ian Halperin, Transit Publishing, Inc. & al., Plaintiff alleges that Defendants violated article 815.4 of the Civil Code of Procedure of Quebec and non-publication Orders rendered in family case file. The amount claimed by Plaintiff is approximately $2,500,000. The Company’s management is of the opinion the estimated liability could range between $75,000 and $100,000. The Company has made no provision for this claim based on its assessment that there is only a reasonable possibility that a loss may have been incurred.

Laliberté vs. Transit Publishing, Inc. & al., Plaintiff is seeking an injunction to deactivate two (2) web pages and to impeach the utilisation of his name and other aspects of his identify. The amount claimed by Plaintiff is approximately $1,500,000. The Company's management is of the opinion that the estimated liability could range between $25,000 and $50,000. The Company has made no provision for this claim based on its assessment that there is only a reasonable possibility that a loss may have been incurred.

Densmore vs. Transit Publishing, Inc., Plaintiffs are seeking an unspecified amount for copyright infringement in relation to a proposed book entitled “The Doors: Unhinged”. The Company has made no provision for this claim. In August of 2010, the parties involved in this litigation have agreed to settle this lawsuit and have formally discharged all allegations. The litigation was settled during the month of October 2010, without any damages awarded to either party.

Imprimeries Transcontinental s.e.n.c vs. Transit Publishing, Inc., Plaintiff is seeking the payment of unpaid bills for a total amount of $61,650. The Company plans to seek a settlement out-of-court. These amounts are currently included in the Company’s trade payables.

The Company is involved in other legal proceedings and litigation in the ordinary course of business. In the opinion of management, the outcome of such matters will not have a material adverse effect on the Company’s financial position or results of operation.

Note 12 – Subsequent events

In accordance with ASC 855, the Company evaluated subsequent events through the date these financial statements were issued. With the exception of those matters discussed below, there were no material subsequent events that required recognition or additional disclosure in these financial statements.

On December 7, 2010, the Company’s board authorized the issuance of an aggregated total of 250,000 shares of the Company’s common stock to five employees of the Company for services provided.

On December 7, 2010, the Company entered into a subscription agreement with The Howard Group for potential financing of funds. As part of the agreement, the Company has issued 1,250,000 shares of common stock.

On January 17, 2010, the Company entered into a three month consultant service agreement with Trilogy International Management Inc. As part of the consultant agreement, the Company has issued 1,500,000 shares of common stock.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)

Forward looking statements

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate," or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Available information

Kurrant Mobile Catering, Inc. (``Kurrant Mobile`` or the “Company” or the “Corporation”) files annual and quarterly current reports, proxy statements, and other information with the Securities and Exchange Commission (``SEC``). You may read and copy documents referred to in this Quarterly Report on Form 10-Q that have been filed with the SEC at the Commission’s Public Reference Room, 450 Fifth Street, N.W., Washington, D.C. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also obtain copies of our SEC filings by going to the Commission’s website at http://www.sec.gov. All references in this Quarterly Report on Form 10-Q to the terms “we,” “our,” “us,” refer to Kurrant Mobile Catering, Inc.

General

Kurrant Mobile was organized under the laws of the State of Colorado on October 15, 2007. Kurrant Mobile was the wholly-owned subsidiary of Kurrant Food Enterprises Inc. (“KRTF”). On approximately November 30, 2007, the board of directors of KRTF approved the spin-off of Kurrant Mobile to the shareholders of record of KRTF as of January 10, 2008. The shares of Kurrant Mobile were distributed to the shareholders of KRTF on approximately February 12, 2008.

Purchase agreement

Effective February 10, 2010, certain selling shareholders (collectively, the “Sellers”) and Tony Khoury (the “Purchaser”) entered into those certain common stock purchase agreements (collectively, the “Purchase Agreements”) for the purchase of an aggregate 1,040,000 shares of common stock of Kurrant Mobile. In accordance with the terms and provisions of the Purchase Agreement, the Sellers sold an aggregate of 1,040,000 shares of common stock (the “Common Stock”) of Kurrant Mobile. In further accordance with the terms and provisions of the Purchase Agreement, the funds were escrowed and released accordingly upon closing of the Purchase Agreements. The Sellers subsequently entered into the Purchase Agreements on May 20, 2010.

Share Exchange Agreement

Effective May 20, 2010, Kurrant Mobile Catering, Inc., a Colorado corporation (the “Corporation”) entered into a share exchange agreement (the “Share Exchange Agreement”) with Pierre Turgeon (“Turgeon”), a shareholder of Transit Publishing Inc., a privately held corporation (“TPI”). In accordance with the terms and provisions of the Share Exchange Agreement, the Corporation acquired fifty percent (50%) of the total issued and outstanding shares of common stock of TPI held of record by Turgeon in exchange for issuance of an aggregate 90,000,000 shares of its restricted common stock to Turgeon. Thus, the transaction will result in the business and operational activities of the Corporation primarily being conducted by and through TPI. See “Description of the Corporation” below.

Business development

Historical Business

The Corporation was organized under the laws of the State of Colorado on October 15, 2007. Prior to the transaction described above, the Corporation was the wholly-owned subsidiary of Kurrant Food Enterprises Inc. (“KRTF”). On approximately November 30, 2007, the board of directors of KRTF approved the spin-off of the Corporation to the shareholders of record of KRTF as of January 10, 2008. The shares of the Corporation were distributed to the shareholders of KRTF on approximately February 12, 2008. Effective February 10, 2010, certain selling shareholders (collectively, the “Sellers”) and Tony Khoury (the “Purchaser”) entered into those certain common stock purchase agreements (collectively, the “Purchase Agreements”) for the purchase of an aggregate 1,040,000 shares of common stock of the Corporation. In accordance with the terms and provisions of the Purchase Agreement, the Sellers sold an aggregate of 1,040,000 shares of common stock (the “Common Stock”) of the Corporation. In further accordance with the terms and provisions of the Purchase Agreement, the funds were escrowed and released accordingly upon closing of the Purchase Agreements. The Sellers subsequently entered into the Purchase Agreements. Prior to consummation of the Share Exchange Agreement, the Corporation was in the development stage

Description of the Corporation

Subsequent to the consummation of the Share Exchange Agreement, the Corporation’s core business is book publishing. Book publishing is the means by which literary and informative books are produced and made available to the general public for both entertainment and information. The different aspects of publishing include the development stated, the acquisition of the intellectual properties, the editorial work and the graphic design. The Corporation publishes books in both print and electronic format. Electronic formats include eBooks and audio books. Furthermore, the Corporation sells the rights to foreign publishers for publication in different languages and countries.

The Corporation offers comprehensive international distribution for a diverse and growing portfolio of multilingual print, eBook, audio book and video properties. The Corporation markets its English titles primarily in the United States, the United Kingdom and Canada. French titles are sold in France, Quebec, and French-speaking European countries, including Belgium, Switzerland and Luxembourg. Spanish language titles are also being distributed in Spain and Hispanic America starting this year. The Corporation has sold rights to its catalogue in over twenty languages around the world, in markets ranging from China to Brazil.

The Corporation’s collection of books is very broad. Whether it’s fiction or non-fiction, the newly formed catalogue offers titles that are ranging from true crime, mystery, thriller and fantasy to biographies and self help books. Such titles include the biography of notorious serial killer Charles Manson, in a book entitled Charles Manson Now. With it being the first ever authorized biography, this book discloses new facts and information about Manson that has never been released before. The Corporation also offers the self help book Bad Girls, written by Dr. Lieberman in order to help women understand why men are drawn to more rebellious girls instead of calmer ones. Furthermore, the Corporation catalogue includes ground breaking stories about international celebrities such as Marilyn Monroe and James Brown. As for the fiction slice of the Corporation, it offers novels such as Lunacy and The Package, appealing to a younger audience, and thus enlarging the range of readers that the Corporation appeals to. In the press release announcing its launch, the Corporation stated that “linguistic and cultural barriers existed only to be surmounted and broken.” Less than six months later, the Corporation has gone global with large print runs for its main markets: Canada, the U.S., the UK, and French-speaking Europe. The Corporation also sells rights to its works in approximately twenty languages around the world. The majority of titles published by the Corporation will be launched simultaneously in American, Canadian, and European markets in French and English.

The 2009/2010 highlights include: Guy Laliberté: The Fabulous Story of the Creator of Cirque du Soleil (June 2009), Unmasked: The Final Years of Michael Jackson (July 2009) #1 New York Times bestseller. Brangelina: The Untold Story of Brad Pitt & Angelina Jolie (December 2009) and The Killing of Anna Nicole Smith (July 2010).

Future business operations

From its inception, Transit has prioritized digital development as a target and announced plans to sell all books on Apple iBookstore with the anticipated iPad to follow. Approximately February 22, 2010, Transit introduced its latest book “ Brangelina: The Untold Story of Brad Pitt and Angelina Jolie” in digital format. Management of the Kurrant Mobile believes that Transit is the first publisher in Quebec, Canada to offer its catalogue on iPhone and iPod Touch. Users can download the first chapter for free onto iPhone in English or French from the Apple Store with an option to purchase integrated. Transit is in partnership with developer PE Soft and has developed a digital playback application on iPhone offering many options from bookmarks, direct access to chapters, automatic scrolling, choice of paper textures or font size. Management of Kurrant Mobile believes that 3,000,000 people use iPhone specifically for reading thus making digital books popular. As of the date of this Quarterly Report, most of Transit’s in print books are also available on multiple digital platforms, such as Kindle, Soft Covers and through Barnes & Noble, the founders of eBooks.

Corporate Governance and management

Following the Share Exchange Agreement Pierre Turgeon consented to act as a member of the Board of Directors of the Company effective May 20, 2010; Francois Turgeon consented to act as a member of the Board of Directors of the Company effective May 20, 2010; and Peter George consented to act as a member of the Board of Directors of the Company effective May 20, 2010. As of the date of this Quarterly Report, the Board of Directors consists of Pierre Turgeon, Francois Turgeon and Peter George.

Consultant Agreements

The Corporation has entered during the nine months ended November 31, 2010 into certain consultant agreements as disclosed below.

Eastwest Capital Corporation

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Eastwest Consultant Agreement”) with Eastwest Capital Corporation, which is a private company specializing in providing consulting advice on corporate structure, management and operational services to small reporting companies (“Eastwest”). In accordance with the terms and provisions of the Eastwest Consultant Agreement: (i) Eastwest shall provide consulting services to the Corporation including, but not limited to, analysis of business activities outside North America and assistance in business development, including analysis of intellectual property rights; and (ii) the Corporation issued to Eastwest an aggregate of 1,000,000 common shares valued at $210,000, based on fair market value using quoted market price of the date of grant.

Edgewater Capital Corp.

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Edgewater Consultant Agreement”) with 7571836 Canada Inc., d/b/a Edgewater Capital Corp., which is a private company specializing in providing consulting advice on corporate structure, management and operational services to small reporting companies (“Edgewater”). In accordance with the terms and provisions of the Edgewater Consultant Agreement: (i) Edgewater shall provide consulting services to the Corporation including, but not limited to, analysis of business activities in Canada and assistance in business development, including potential European acquisitions; and (ii) the Corporation issued to Edgewater an aggregate of 1,000,000 common shares valued at $210,000, based on fair market value using quoted market price of the date of grant.

Springboard Capital Corp.

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Springboard Consultant Agreement”) with Springboard Capital Corporation, which is a private company specializing in providing consulting advice on corporate structure, management and operational services to small reporting companies (“Epringboard”). In accordance with the terms and provisions of the Springboard Consultant Agreement: (i) Springboard shall provide consulting services to the Corporation including, but not limited to, analysis of business activities in the United States and assistance in business development with a focus on establishing a strategy for the commercialization of the entertainment residual rights; and (ii) the Corporation issued to Springboard an aggregate of 5,000,000 common shares valued at $1,050,000, based on fair market value using quoted market price of the date of grant.

Noosa Capital Corp.

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Noosa Consultant Agreement”) with Noosa Capital Corp., which is a private company specializing in providing consulting advice on corporate structure, management and operational services to small reporting companies (“Noosa Capital”). In accordance with the terms and provisions of the Noosa Consultant Agreement: (i) Noosa Capital will provide strategic international joint venture analysis and due diligence in the goal of establishing financing and prosper multi-market distribution networks for entertainment and literary projects; and (ii) the Company issued to Noosa Capital an aggregate of 5,000,000 common shares valued at $1,050,000, based on fair market value using quoted market price of the date of grant.

Louis Lapointe

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Lapointe Consultant Agreement”) with Louis Lapointe (“Lapointe”), which is an individual company specializing in providing consulting advice on corporate structure, management and operational services to small reporting companies. In accordance with the terms and provisions of the Lapointe Consultant Agreement: (i) Lapointe shall be a transition facilitator for a private company to a publicly traded company, assist with day to day operations and strategic financial planning and establish proper management mechanisms to ensure smooth operational and reporting efficacy; and (ii) the Company issued to Lapointe an aggregate of 2,000,000 common shares valued at $420,000, based on fair market value using quoted market price of the date of grant.

On August 1, 2010, Kurrant Mobile Catering, Inc., a Colorado corporation (the “Corporation”) entered into a three-month consultant service agreement (the “Lapointe Consultant Agreement”) with Louis Lapointe (“Lapointe”). In accordance with the terms and provisions of the Lapointe Consultant Agreement: (i) Lapointe will provide consultation to management regarding the integration of new business and revenue model specifics to new international business opportunities; and (ii) the Corporation issued to Lapointe an aggregate of 1,500,000 common shares valued at $350,000, based on fair market value using quoted market price of the date of grant.

Peter George

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “George Consultant Agreement”) with Peter George, who has been a member of the Board of Directors of the Corporation since May 20, 2010 (“George”). In accordance with the terms and provisions of the George Consultant Agreement: (i) George will provide analysis of business activities in Canada and commercial exploitation of intellectual properties and assistance in business development and operational restructuring; and (ii) the Company issued to George an aggregate of 25,000,000 common shares valued at $5,250,000, based on fair market value using quoted market price of the date of grant.

Francois Turgeon

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Turgeon Consultant Agreement”) with Francois Turgeon, who has been a member of the Board of Directors of the Corporation since May 20, 2010 (“Turgeon”). In accordance with the terms and provisions of the Turgeon Consultant Agreement: (i) Turgeon will provide analysis of multimedia and multi-platform applications for the publishing industry and act as a creative consultant for company image and branding; and (ii) the Company issued to Turgeon an aggregate of 5,000,000 common shares valued at $1,050,000, based on fair market value using quoted market price of the date of grant.

Lois Arkwright

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Arkwright Consultant Agreement”) with Lois Arkwright (“Arkwright”). In accordance with the terms and provisions of the Arkwright Consultant Agreement: (i) Arkwright will provide consultation to management regarding the analysis of event marketing strategies related to launching of various products of the Corporation and production of original events for each of the Corporation’s products; and (ii) the Corporation issued to Arkwright an aggregate of 1,500,000 common shares valued at $315,000, based on fair market value using quoted market price of the date of grant.

Michele Thibault

On June 2, 2010, the Corporation entered into a three-month consultant service agreement (the “Thibault Consultant Agreement”) with Michele Thibault (“Thibault”). In accordance with the terms and provisions of the Thibault Consultant Agreement: (i) Thibault will provide analysis of the potential of developing film or television adaptations of the Corporation’s various products and research creation of creative teams to be assigned to each of the Corporation’s various products; and (ii) the Corporation issued to Thibault an aggregate of 1,500,000 common shares valued at $315,000, based on fair market value using quoted market price of the date of grant.

Alaine Houle

On August 1, 2010, the Corporation entered into a three-month consultant service agreement (the “Houle Consultant Agreement”) with Alaine Houle (“Houle”). In accordance with the terms and provisions of the Houle Consultant Agreement: (i) Houle will provide consultation to management regarding the analysis of business models and methods to increase liquidity; and (ii) the Corporation issued to Houle an aggregate of 1,500,000 common shares valued at $345,000,based on fair market value using quoted market price of the date of grant.

Lois Arkwright

On September 1, 2010, the Corporation entered into a three-month consultant service agreement (the “Arkwright Consultant Agreement”) with Lois Arkwright (“Arkwright”). In accordance with the terms and provisions of the Arkwright Consultant Agreement: (i) Arkwright will provide consultation to management regarding the analysis of event marketing strategies related to launching of various products of the Corporation and production of original events for each of the Corporation’s products; and (ii) the Corporation issued to Arkwright an aggregate of 4,500,000 common shares valued at $850,000, based on fair market value using quoted market price of the date of grant.

Michele Thibault

On September 1, 2010, the Corporation entered into a three-month consultant service agreement (the “Thibault Consultant Agreement”) with Michele Thibault (“Thibault”). In accordance with the terms and provisions of the Thibault Consultant Agreement: (i) Thibault will provide analysis of the potential of developing film or television adaptations of the Corporation’s various products and research creation of creative teams to be assigned to each of the Corporation’s various products; and (ii) the Corporation issued to Thibault an aggregate of 4,500,000 common shares valued at $850,000, based on fair market value using quoted market price of the date of grant.

Results of operations

During the three month period ended November 30, 2010, revenues were $56,848 from book sales and sales of royalties, compared to $633,814 for the same period ended November 30, 2009. For the nine month period ended November 30, 2010 revenues were $543,560, composed of sales of books of $445,270 and sales of royalties of $98,290, compared to $794,871 for the same nine month period ended November 30, 2009, composed of sales of books of $561,654 and sales of royalties of $233,217.

During the three months ended November 30, 2010, cost of goods sold were $146,334, comprised of an inventory adjustment for $86,289 and an additional provision for distributor’s returns of $60,045, compared to $300,690 for the same three period months ended November 30, 2009. For the nine months ended November 30, 2010 cost of goods sold were $476,706, compared to $501,579 for the same nine months ended November 30, 2009.

Operating expenses comprised of selling, general and administrative expenses for a total of $2,479,192 for the three months ended November 30, 2010, compared to $171,118 for the same period last year. Operating expenses for the nine month period ended November 30, 2010 was $13,605,542 compared to $193,125 for the same nine month period last year. An expense of $12,930,000 for consulting fees recognized due to the issuance of 62,600,000 common shares issued, valued at fair market value using the quoted market price on the date of issuance for consulting services rendered. A loss on settlement of debt of $5,778,850 has been recognized to reflect the settlement on June 1, 2010 where by Kurrant Mobile issued 27,650,000 common shares valued at $5,806,500, based on fair market value using quoted market prices on the date of grant for the debt settlement of debt with a carrying value of $27,650.

Liquidity and capital resources

As of November 30, 2010 total current assets are $1,005,956 and total current liabilities $1,710,291, resulting in a working capital deficit of $704,335 compared to a $33,064 working capital deficit at February 28, 2010.

For the nine month period ended November 30, 2010, cash flows used by operating activities was $315,179 compared to cash flows used by operating activities of $92,470 for the nine months ended November 30, 2009. The cash flows used in operating activities for the period ended November 30, 2010 resulted primarily from the net loss of $19,578,761 and was offset by $12,957,650 for stock-based compensation and $5,778.850 for the loss on the debt settlement.

For the nine month period ended November 30, 2010, cash flows from financing activities was $290,090 compared to cash flows from financing activities of $81,086 for the nine months ended November 30, 2009. The cash flows from financing activities for the period ended November 30, 2010 resulted primarily from the proceeds from debt of $341,000.

These consolidated financial statements have been prepared on a going concern basis, which implies Kurrant Mobile will continue to meet its obligations and continue its operations for the next fiscal year. The Company has incurred net losses and has negative cash flows from its operations. These factors raise substantial doubt regarding Kurrant Mobile’s ability to continue as a going concern. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should Kurrant Mobile be unable to continue as a going concern. The continuation of Kurrant Mobile as a going concern is dependent upon the continued financial support from its shareholders, the ability of Kurrant Mobile to obtain necessary equity financing to continue operations, and the attainment of profitable operations.

Plan of operation

Existing working capital and anticipated cash flow are not expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through advances from related parties, notes payable from related parties and third parties and the proceeds of the private placement of equity and debt securities.

Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavours or opportunities, which could significantly and materially restrict our business operations.

Material commitments

As of the date of this Quarterly Report, we do not have any material commitments.

Purchase of significant equipment

We do not intend to purchase any significant equipment during the next twelve months.

Off-Balance sheet arrangements

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

ITEM 3. QUANTITIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Kurrant Mobile’s activities expose it to a variety of financial risks: market risk (including currency risk and cash flow); credit risk and liquidity risk. Kurrant Mobile’s overall risk management program focuses on the unpredictability of the financial market and seeks to minimize potential adverse effects on Kurrant Mobile’s financial performance. Kurrant Mobile does not use derivative financial instruments to hedge these risks. Kurrant Mobile’s subsidiary is exposed to financial risks that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Kurrant Mobile realizes a substantial portion of its operations in Canadian Dollars (``CND``) and United States Dollars (``USD``). Kurrant Mobile does not hold derivative financial instruments to manage the fluctuation of exchange rate risk.

Exchange rate

Transactions in foreign currencies are accounted for in accordance with the temporal method. Foreign currency balances are translated at year-end exchange rates for monetary items and at historical rates for non-monetary items. Revenues and expenses are translated using average exchange rates prevailing at the time of the transaction. All exchange gains and losses are charged to earnings.

Interest rate

Interest rates in the United States are generally controlled. Any potential future loans will relate mainly to acquisition of properties and will be mainly short-term. However our debt may be likely to rise in connection with expansion and if interest rates were to rise at the same time, this could have a significant impact on our operating and financing activities. We have not entered into derivative contracts to hedge existing risks for speculative purposes. Kurrant Mobile is exposed to fluctuation in its future cash flows arising from changes in interest rates through its variable rate financial assets and liabilities. Other liabilities negotiated at a fixed rate expose Kurrant Mobile to fair value interest rate risk.

PART I. FINANCIAL INFORMATION

ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q (the "Evaluation Date"), has concluded that as of the Evaluation Date, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. This conclusion was based on the existence of the material weaknesses in our internal control over financial reporting previously disclosed and discussed below.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. We identified and continue to have the following material weakness in our internal controls over financial reporting:

We currently do not have an internal audit group, and we will need to hire additional accounting and financial staff with appropriate public company experience and technical accounting knowledge. Additionally, due to the fact that officers and Directors, have only limited experience as officers or Directors of a public reporting company, such lack of experienced personnel may impair our ability to maintain effective internal controls over financial reporting and disclosure controls and procedures, which may result in material misstatements to our financial statements and an inability to provide accurate financial information to our stockholders.

To address the need for more effective internal controls, management has plans to improve the existing controls and implement new controls as our financial position and capital availability improves.

(b) Changes in internal control over financial reporting.

There were no changes in our internal control over financial reporting during our most recent fiscal quarter that materially affected, or were reasonably likely to materially affect, our internal control over financial reporting.

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Statement of claim

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving the Corporation or its properties other than as disclosed below. The proceedings described below involve TPI. As of the date of this Current report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings.

Laliberte vs. Ian Halperin, Transit Publishing, Inc. & al., Plaintiff alleges that Defendants violated article 815.4 of the Civil Code of Procedure of Quebec and non-publication Orders rendered in family case file. The amount claimed by Plaintiff is approximately $2,500,000. The Company’s management is of the opinion the estimated liability could range between $75,000 and $100,000. The Company has made no provision for this claim based on its assessment that there is only a reasonable possibility that a loss may have been incurred. .

Laliberte vs. Transit Publishing, Inc. & al., Plaintiff is seeking an injunction to deactivate two (2) web pages and to impeach the utilisation of his name and other aspects of his identify. The amount claimed by Plaintiff is approximately $1,500,000. The Company's management is of the opinion that the estimated liability could range between $25,000 and $50,000. The Company has made no provision for this claim based on its assessment that there is only a reasonable possibility that a loss may have been incurred.

Densmore vs. Transit Publishing, Inc., Plaintiffs are seeking an unspecified amount for copyright infringement in relation to a proposed book entitled “The Doors: Unhinged”. The Company has made no provision for this claim. In August of 2010, the parties involved in this litigation have agreed to settle this lawsuit and have formally discharged all allegations. The litigation was settled during October 2010, without any damages awarded to either party.

Imprimeries Trancontinental s.e.n.c vs. Transit Publishing, Inc., Plaintiff is seeking the payment of unpaid bills for a total amount of $61,650. On September 3, 2010, the Company plans to seek a settlement out-of-court. These amounts are currently included in the Company’s trade payables.

ITEM 1A. RISKS FACTORS

No report required.

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

Purchase Agreements

Effective February 10, 2010, certain selling shareholders entered into the Purchase Agreements. In accordance thereof, Spyglass Investment Partnership (“Spyglass”), as holder of that certain promissory note dated March 1, 2009 in the principal amount of $250,000 between Kurrant Mobile and Spyglass (the “Promissory Note”), assigned a portion of the Promissory Note in the amount of $27,650 to Dimitrios Liakopoulos (“Liakopoulos”). The Promissory Note provided for conversion at $0.001 per share of common stock of Kurrant Mobile. The assignment of the Promissory Note in the amount of $27,650 by Spyglass to Liakopoulos was evidenced in that certain promissory note purchase agreement and assignment dated February 10, 2010 between Spyglass and Liakopoulos (the “Promissory Note Purchase Agreement”). Subsequently, Liakopoulos entered into those certain assignments dated May 7, 2010 (collectively, the “Assignments”), with those certain assignees (collectively, the “Assignees”), pursuant to which Liakopoulos assigned a proportion interest of his right, title and interest in and to the Promissory Note to the Assignees.

On June 1, 2010, the Board of Directors of Kurrant Mobile acknowledged the Promissory Note, the Promissory Note Purchase Agreement and the Assignments and receipt of those certain conversion notices dated May 7, 2010 from the Assignees (collectively, the “Conversion Notices”). Simultaneously, the Board of Directors authorized the settlement of the $27,650 by issuing to the Assignees an aggregate of 27,650,000 shares of its common stock at the rate of $0.001 per share as full and complete satisfaction of the debt. The 27,650,000 shares of common stock were issued to an approximately thirteen non-United States investors in reliance on Regulation S promulgated under the United States Securities Act of 1933, as amended (the “Securities Act”). The shares of common stock have not been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements. The Assignees acknowledged that the securities to be issued have not been registered under the Securities Act, that they understood the economic risk of an investment in the securities, and that they had the opportunity to ask questions of and receive answers from Kurrant Mobile’s management concerning any and all matters related to acquisition of the securities.

The Corporation has entered during the nine months ended November 30, 2010 into certain consultant agreements as disclosed below.

Eastwest Capital Corporation

Edgewater Capital Corp.

Springboard Capital Corp.

Noosa Capital Corp.

Louis Lapointe

Peter George

Francois Turgeon

Lois Arkwright

Michele Thibault

Alaine Houle

Lois Arkwright

Michele Thibault

Share Exchange Agreement

Effective May 20, 2010, Kurrant Mobile entered into the Share Exchange Agreement with Turgeon, a shareholder of TPI. In accordance with the terms and provisions of the Share Exchange Agreement, Kurrant Mobile acquired fifty percent (50%) of the total issued and outstanding shares of common stock of TPI held of record by Turgeon in exchange for issuance of an aggregate 90,000,000 shares of its restricted common stock to Turgeon. The shares of common stock were issued to Turgeon under Regulation S of the Securities Act.

Beneficial ownership chart

The following table sets forth certain information, as of the date of this Quarterly Report, with respect to the beneficial ownership of the outstanding common stock by: (i) any holder of more than five (5%) percent; (ii) each of our executive officers and directors; and (iii) our directors and executive officers as a group. Except as otherwise indicated, each of the stockholders listed below has sole voting and investment power over the shares beneficially owned. Unless otherwise indicated, each of the stockholders named in the table below has sole voting and investment power with respect to such shares of common stock. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

Name of Beneficial Owner (1)	Amount		Percentage
Directors and Officers:
Jacques Arsenault		-		-
Pierre Turgeon		90,000,000		49.54	%
Francois Turgeon		5,000,000		2.75	%
Peter George		25,000,000		13.76	%
All Executive Officers and Directors		115,000,000		66.05	%
as a group (4 persons)

Note (1): Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding as of the date of this Current Report. As of the date of this Quarterly Report, there are 184,654,254 shares issued and outstanding.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

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

No report required.

ITEM 5. OTHER INFORMATION

June 17, 2010 Resignation and Appointments

Effective on June 17, 2010, the Board of Directors of Kurrant Mobile accepted the resignation of Tony Khoury as the President/Chief Executive Officer and Secretary and as a member of the Board of Directors. Concurrently, Kurrant Mobile accepted the consent of appointment from Pierre Turgeon as the President/Chief Executive Officer and Secretary of Kurrant Mobile. Mr. Turgeon was previously appointed as a member of the Board of Directors of Kurrant Mobile effective May 20, 2010. Therefore, as of the date of today, the Board of Directors is comprised of the following individuals: Pierre Turgeon, Francois Turgeon and Peter George.

The biographies of each of the new directors and officers are set forth below as follows:

Pierre Turgeon is the president of TPI and during the past thirty years, he has authored several books, articles and scripts. From 1968 through 1975, he was a journalist and literary critic at the Canadian Broadcasting Company (``CBC``). In 1972, he was awarded the first prize in the Dramatic Works of Radio – Canada for The Interview, which was written in collaboration with Jacques Godbout. In 1975, Mr. Turgeon wrote a scenario on the events of October 1970, The October Crisis, directed by Marc Blandford and produced by CBC. During 1979 through 1986, he was the general nager and publisher of Sogides, the largest French publishing group in North America. In 1981, he received the Governor General’s Award for his fifth novel “The First Person” and in 1992 was awarded for the second time the Governor General’s Award for his essay named “Radissonia”. During 1993, he wrote the script of a film by Frederic Back, The Mighty River, which received the Grand Prix International Film Festival for Children in Annecy. And, in 2000, Pierre Turgeon published “Canada: A People’s History”, volumes 1 and 2 from its origins to today, Editions Fides, Montreal, and McClelland and Stewart in Toronto (with Don Gillmor). This book received the price of the best reference book on the history of Canada by the Canadian Ministry of Culture. Mr. Turgeon earned a Bachelor of Arts at College Sainte-Marie, in Quebec.

Francois Turgeon is the general director of TPI and during the past twenty years, he has been an artist, composer and musician and involved in multimedia. He was an art director at Transit Medias, where he obtained extensive experience in cultural administration and the creative sector. He has distinguished himself in the areas of multimedia production and project management. Mr. Turgeon has produced over one hundred interactive works and co-directed several products in book design, website design and music production. Francois Turgeon’s accomplishments have led him to work and travel in Europe, the United States, Peru and Mexico. He has the ability to successfully develop projects in terms of financing and management as well as to manage and motivate teams of multimedia production, including authors, musicians, programmers and designers. As president of Tonality Inc, during 2004 through 2008, he seized the commercial potential that the dissemination and publication of cultural works on the Internet represents by obtaining the following grants and awards: (i) grant from Heritage Canada for the project iTheque, a platform for the promotion and downloading of videos for Videographe, a center of the media arts in Quebec; (ii) finalist for the Angnes Financiers of Montreal in 2007; (iii) Young Promoter’s Grant awarded by the CEDC Plateau Montreal in February 2006 for the quality and originality of the business plan for Tonality Inc.; (iv) CYBF Grant awarded through a competition for young Canadian entrepreneurs; (v) Hydro-Quebec/OFQJ Grant in 2006 and 2007 awarded by the Office of Franco-Quebecers to spend two weeks in Paris for professional development; (vi) Noise Makers 2006, an album released in the fall of 2006 to excellent reviews; and (vii) winner of the Spectra Grant in July 2005 awarded by the Foundation du Maire of Montreal to develop Tonality Inc. Mr. Turgeon earned a degree in 1995 from Stanislas College in Philosophy, Mathematics and French Classical Studies. During 1995 through 1998, he attended the School of Music Vincent d’Indy, CEGEP level, where he studies the foundations of classical music and electric bass. In 2006 through 2007, Mr. Turgeon studied production and commercialization at SAJE Montreal Metro.

Peter George has been involved in the multimedia communications, marketing and management and lead generation industry. He is a professional with a list of production credits in the field of administration, artistic and creative endeavours. Mr. George’s career started in the field of dance as a choreographers, stage director, artistic director and co-founder of Les Ballets Jazz de Montreal. He further diversified to variety entertainment, film, television, publicity and corporate event productions as a producer and director. Mr. George is currently the executive vice president of Thirty9 Communications Group, a leading new media multiplatform marketing group. From approximately 2003 to 2007, Mr. George was the president of Group George, which was a company that assisted other companies to improve performance, increase sales and build brands by conducting live events, branded environments and interactive experiences. From approximately 1995 to 2003, Mr. George was the co-president and artistic director of Force Multimedia Montreal, which is a firm specializing in the production of large scale public events, communications told in multimedia, video, special events, press conferences, multimedia presentations, promotional events and corporate video. Mr. George was the producer of the cultural program for The Artic Winter Games and earned credits in the closing ceremonies of the Montreal Forum and the opening of the Molson Center and the World Youth Days. Mr. George has also produced event for numerous corporate high profile clients, including Planet Hollywood, Molson, Merck Frosst Canada, Quebecor World, Loblaw’s, BioChem Pharma and Ivanhoe Cambridge. Mr. George earned a B.A. degree in Education and Sport Administration.

July 2, 2010

Effective on July 2, 2010, the Board of Directors of Kurrant Mobile accepted the resignation of Tony Khoury as the Treasurer/Chief Financial Officer. Concurrently, Kurrant Mobile accepted the consent of appointment from Jacques Arsenault as the Treasurer/Chief Financial Officer.

Jacques Arsenault has been involved in the financial industry for the past twenty five years, as an Accountant and Consultant in reorganization, acquisition, merger and sale of companies. His expertise is in the public sector as well as the private sector. He is especially recognized for cash management and coaching different Presidents and Owners of companies in critical situations of rehabilitation, operational reorganisation or strategic development. Mr. Arsenault holds a Bachelor degree in accounting from the UQAM as well as an MBA from the University of Sherbrooke. He is a member of the Professional Corporation of CGA. He regularly teaches Executive Managers accounting management, financial analysis by ratios and management in crisis situations. He also teaches various training sessions including how to buy or how to sell a company. Currently he is the Founder and President of Arsenault Business Staging Group Inc. which specializes in revaluation of a company with the goal of increasing value and worth in the process of selling the company or simply for improving its financial situation and strategic position. From approximately 2006 through 2007, Mr Arsenault was the vice president of finance and the chief financial officer of Forest Gate Energy Inc., a public Canadian-based international oil and gas exploration and production company with projects in Alberta and Ireland. He was responsible for all accounting and finance activities, general administration and IT department, quarterly reporting under the Securities and Exchange Act of 1934, as amended, negotiations with financial institutions and governments, and following up with investors and exploration projects. Mr. Arsenault was also responsible for the implementation of ACCPAC hardware and cash flow management mandate of six months at Blue Note Caribou Mines Inc. in Bathurst. From approximately 2004 through 2005, Mr. Arsenault was responsible for business development for Vast-Auto Distribution, a private Canadian company involved in auto parts distribution (“Auto Value”) and franchises specializing in car repair (“Mr. Mufler”). From approximately 2002 through 2003, Mr. Arsenault was the general manager for Gagnon Batteries, which is a private Canadian company involved in the wholesale distribution, service and manufacturing of auto and heavy duty parts, repairs and selling of lift trucks and modifications of specialized vehicles. From approximately 1998 through 2002, Mr. Arsenault was the vice president of finance and administration for Trevi Pools, which is a private Canadian company specializing in the manufacture, installation, research and worldwide distribution of pools, spas, garden furniture, solariums and accessories. From approximately 1997 through 1998, Mr. Arsenault was the controller for Vidéotron Ltd., a Canadian public company in the business of communication, cable network, phone services and Internet. From approximately 1992 through 1997, Mr. Arsenault was the corporate controller for Uni-Select Inc., a Canadian public company engaged in the distribution of auto parts across North America. From approximately 1987 through 1992, Mr. Arsenault was the division controller for Culinar Inc., which is a private Canadian company specializing in the manufacture and distribution of food products.

ITEM 6. EXHIBITS

Exhibits:

31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

31.2	Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

32.2	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	KURRANT MOBILE CATERIN INC.

Dated: January 19, 2011	By:	/s/ Pierre Turgeon
		Pierre Turgeon,
		President and Chief Executive Officer

Dated: January 19, 2011	By:	/s/ Jacques Arsenault
		Jacques Arsenault,
		Chief Financial Officer

Kurrant Mobile Catering, Inc. - FORM 10-Q - January 19, 2011

Attached files

Kurrant Mobile Catering, Inc. Reports