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EX-3.2 - EXHIBIT 3.2 - Genufood Energy Enzymes Corp.exhibit32.htm
EX-5.1 - EXHIBIT 5.1 - Genufood Energy Enzymes Corp.exhibit51.htm
EX-3.1 - EXHIBIT 3.1 - Genufood Energy Enzymes Corp.exhibit31.htm
EX-23.1 - EXHIBIT 23.1 - Genufood Energy Enzymes Corp.exhibit231.htm
EX-99.1 - EXHIBIT 99.1 - Genufood Energy Enzymes Corp.exhibit991.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-1

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

GENUFOOD ENERGY ENZYMES CORP.

(Exact name of registrant as specified in its charter)

 

Nevada

2833

68-0681158

(State or jurisdiction of incorporation
or organization)

Primary Standard Industrial
Classification Code Number

IRSEmployer
Identification Number


Two Allen Center

1200 Smith Street, Suite 1600

Houston, TX, 77002

Telephone: (713) 353-8834Facsimile: (713) 353-4601

(Address and telephone number of principal executive offices)


Incsmart.biz, Inc.

4421 Edward Avenue

Las Vegas, Nevada 89108

Telephone: (702) 403-8432

(Name, address and telephone number of agent for service)


with a copy to:


Dean Law Corp.

601 Union Street, Suite 4200

Seattle, Washington 98101

Telephone:(206) 274-4598  Facsimile:  (206) 493-2777


Approximate date of proposed sale to the public:

as soon as practicable after the effective date of this Registration Statement.  

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box  x

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of large accelerated filer, accelerated filer, and smaller reporting company: in Rule 12b-2 of the Exchange Act (Check one):

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

 

(Do not check if a smaller reporting company)

 

 

 

 

                
             

CALCULATION OF REGISTRATION FEE

TITLE OF EACH

CLASS OF

SECURITIES

TO BE

REGISTERED

AMOUNT TO BE

REGISTERED

PROPOSED

MAXIMUM

OFFERING

PRICE PER

SHARE

PROPOSED

MAXIMUM

AGGREGATE

OFFERING

PRICE

AMOUNT OF

REGISTRATION

FEE (1)

Common Stock

888,472

$0.30 per share

$266,541.60

$30.95

Common Stock

10,000,000 (2)

$0.30 per share

$3,000,000

$348.30

TOTAL

10,888,472

$0.30 per share

$3,266,541.60

$379.25


(1)

Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act.

(2)

Being sold in a Direct Public Offering.

 

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(a), MAY DETERMINE.

 

The information in this prospectus is not complete and may be changed.  The selling stockholders may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective.  This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state or other jurisdiction where the offer or sale is not permitted.

SUBJECT TO COMPLETION, Dated January __, 2010

 

 

2

                
             

PROSPECTUS

[genufoodenergyenzymess1001.jpg]

GENUFOOD ENERGY ENZYMES CORP.


10,888,472 SHARES

COMMON STOCK

The selling shareholders named in this prospectus are offering all of the shares of common stock offered through this prospectus for a period of up to two years from the effective date.

Our common stock is presently not traded on any market or securities exchange.

----------------

 

THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK.  See section entitled "Risk Factors" on pages 7to10of this prospectus.

 

The information in this prospectus is not complete and may be changed.  This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

 

The selling shareholders will sell our shares at $0.30 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices.  We determined the offering price by considering, among other factors, a business valuation that was conducted by our management.  There is no assurance of when, if ever, our stock will be listed on an exchange.  We are offering up to 10,000,000 shares of our common stock in a direct public offering, without any involvement of underwriters or broker-dealers.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus.  Any representation to the contrary is a criminal offense.

----------------

 

The Date of This Prospectus Is: January __, 2010

 

 

3

                
             

Table of Contents


 

PAGE 

Summary

5

Risk Factors

7

Forward-Looking Statements

11

Use of Proceeds

11

Determination of Offering Price

12

Dilution

12

Selling Shareholders

12

Plan of Distribution

14

Description of Securities

15

Interest of Named Experts and Counsel

16

Description of Business

17

Legal Proceedings

34

Market for Common Equity and Related Stockholder Matters

35

Plan of Operations

36

Changes in and Disagreements with Accountants

37

Available Information

37

Directors, Executive Officers, Promoters and Control Persons

38

Executive Compensation

40

Security Ownership of Certain Beneficial Owners and Management

41

Certain Relationships and Related Transactions

42

Disclosure of Commission Position of Indemnification for Securities Act Liabilities

42

Financial Statements

43

 

 

4

                
             

Summary

Prospective investors are urged to read this prospectus in its entirety.


We are a development stage company.  We have earned no revenues to date.  We have minimal assets, and have incurred losses since inception.


We are a marketing, distribution and export company specialized in enzyme products for human and animal consumption.  Enzyme is a catalyst responsible for biochemical reactions in living things (including animals, plants, microorganisms), synthesis, decomposition, oxidation, transfer and isomerisation.  The biotic phenomena would stop without enzymes, or the lack of it, or with its destruction.  DNA would undergo a drastic change, unusual illness would occur and metabolism would become abnormal, among others.  Thus, we can conclude that Biotic phenomena are testimonies of enzymes activities.  Enzyme is actually a complex globule protein.  It reacts optimally under body temperature.  Reaction is many times faster with added enzymes.  Therefore, regular consumption of enzyme does good to our well-being.  In fact it has been categorized under GRAS (Generally Regarded As Safe) by the Food and Drug Administration.  Our body loses enzymes as we grow old.  It has been proven that many chronic, hereditary diseases and functional imbalance are caused by the deficiency of certain enzymes, for example, lipase (fat enzyme) deficiency causes hepatic diseases, diabetes and Vitamin A deficiency.  Amylase (carbohydrate enzyme) deficiency results in liver diseases and gastro enteric diseases.  Enzyme is neither a drug, medicine nor a herb.  It is extracted from fruits and vegetables.  It can be a natural complex enzyme, plant-based complex enzyme or microbial enzyme.  It is for the body cell.  It is the Cell Activator.Human beings and animal will die without enzyme.  We plan to begin marketing and exporting our enzyme products within the next 12 months.  Our initial target market is Asia, which includes: Taiwan, China, Hong Kong, Macau, Singapore, Malaysia, Thailand and Sri Lanka.  Our goal is to appoint a Country Sole Distributor in each country, each distributing our enzyme products for human consumption, animal consumption and special outlet category


We have no revenues, have achieved significant losses since inception, have had only limited operations and have been issued a going concern opinion by our auditors.  To date, we have entered into agreements with the following parties:


·

On July 1, 2010, we entered into a Sole Export Marketing Agent Agreement with Origo Biochemical Technologies Inc. to represent them and to market their enzyme products to Thailand.  These enzyme products are for human consumption.  We earn a sales commission on export sales to Thailand as arranged by us.


·

On July 6, 2010, we entered into a Manager Consulting Service Agreement with Access Finance and Securities (NZ) Limited to provide management and consulting services related to the following: negotiation with professionals on our behalf, manage parties related to the S-1 registration statement, and to assist us in the determination of an effective future strategy.


·

On July 26, 2010, we have reached a verbal agreement with Specialty Enzymes and Biotechnologies Co. (AST Enzymes) for supplying their enzyme products for human and animal consumption under our private label.  The brand name for the enzyme products for human consumption is Cellax-FG1, Cellax-SP, Cellax-E2AF, Cellax-E, Cellax-SNU and Cellax-DG1.  The brand name for the enzyme products for animal consumption is Anilax-SP3, Anilax-EPET, Anilax-SW1013, Anilax-SEB and Anilax-AFL2500.  These brand names belong to us.


·

On September 21, 2010, we entered into an OEM Manufacturing Agreement with Origo Biochemical Technologies Inc. for contract manufacturing of enzyme products for human and animal consumption under our private label.  The brand name for the OEM Enzyme Products for human consumption is Cellax-NCE, Cellax-NCE Plus, Cellax-GFL, Cellax-GFL Plus, Cellax-TT and Cellax-TT Plus.  They come in powder form as well as in capsules.  For animal consumption, the brand name is Anilax-Super.  For human consumption, enzyme products cater hospitals, medical centers, clinics, pharmacies and drug stores which are classified as Special Outlet, the brand name is Medilax, and Armilax the brand name for the enzyme products supplying to armed forces and the police forces.  These brand names belong to us.


·

On September 21, 2010, we entered into a Sole Marketing Agent Agreement with Access Management Consulting and Marketing Pte Ltd. for the marketing of our range of enzyme products and to source, select and interview country sole distributors for the distribution of our range of enzyme products to the world at large.


·

On October 11, 2010, we entered into a Sole Distributorship Agreement (General Outlet-Human Consumption) and Private Placement with Taiwan Cell Energy Enzymes Corporation for marketing and distribution of our range of enzyme products in the Republic of China (Taiwan).  

 

 

 

5

                
             

As of September 30, 2010, we have cash on hand of $38,677.  We may need to raise additional funds through public or private debt or sale of equity to achieve our current business strategy.  The financing we need may not be available when needed.  Even if financing is available, it may be on terms that we deem unacceptable or are materially adverse to your interests with respect to dilution of book value, dividend preferences, liquidation preferences or other terms.  Our inability to obtain financing will inhibit to implement our development strategy, which could require us to diminish or suspend our operations and possibly cease our operations.


We were incorporated on June 21, 2010 under the laws of the state of Nevada.  Our principal office is located at Two Allen Center, 1200 Smith Street, Suite 1600, Houston, Texas 77002.  Our telephone number is (713) 353-8834.


The Offering:  

 

Securities Being Offered

Up to 10,888,472 shares of common stock. 

Offering Price

The selling shareholders will sell our shares at $0.30 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices.  We determined the offering price by considering, among other factors, a business valuation that was conducted by our management.

Terms of the Offering

The selling shareholders will determine when and how they will sell the common stock offered in this prospectus. 

Termination of the Offering

The offering will conclude when all of the 10,000,000shares of common stock have been sold, the shares no longer need to be registered to be sold due to the operation of Rule 144 or we decide at any time to terminate the registration of the shares at our sole discretion.  In any event, the offering shall be terminated no later than two years from the effective date of this registration statement. 

Securities Issued And to be Issued

233,308,472 shares of our common stock are issued and outstanding as of the date of this prospectus.  All of the common stock to be sold under this prospectus will be sold by existing shareholders. 

Use of Proceeds

We will not receive any proceeds from the sale of the common stock by the selling shareholders.  However, we will receive proceeds from the shares of our common stock that we sell we sell pursuant to our Direct Public Offering.  See “Use of Proceeds.”

Market for the common stock

There has been no market for our securities.  Our common stock is not traded on any exchange or on the Over-the-Counter market.  After the effective date of the registration statement relating to this prospectus, we hope to have a market maker file an application with FINRA for our common stock to become eligible for quotation on the Over-the-Counter Bulletin Board.  We do not yet have a market maker who has agreed to file such application.  There is no assurance that a trading market will develop or, if developed, that it will be sustained.  Consequently, a purchaser of our common stock may find it difficult to resell the securities offered herein should the purchaser desire to do so.

 

 

 

6

                
             

Summary Financial Information

The following financial information summarizes the more complete historical financial information at the end of this prospectus.



As of September 30, 2010

(Audited)

Balance Sheet 



Total Assets 

45,115

Total Liabilities 

309,561

Stockholders Deficit                              

(264,446)



Period from June 21, 2010

(date of inception)

to September 30, 2010

(Audited)

Income Statement 



Total Expenses 

23,947

Other Income

1

Net Loss 

(23,946)

 

Risk Factors

An investment in our common stock involves a high degree of risk.  You should carefully consider the risks described below and the other information in this prospectus before investing in our common stock.  If any of the following risks occur, our business, operating results and financial condition could be seriously harmed.  The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment.

 

RISKS RELATED TO OUR BUSINESS


IF WE DO NOT OBTAIN ADDITIONAL FINANCING, OUR BUSINESS WILL FAIL.


Our business plan calls for ongoing expenses in connection with the marketing and development of enzyme products.  We have generated no revenues from our inception to September 30, 2010.


While at September 30, 2010, we had cash on hand of $38,677 we have accumulated a deficit of $23,946 in business development and administrative expenses.  At this rate, we anticipate that additional funding will be needed for general administrative expenses and marketing costs.


In order to expand our business operations, we anticipate that we will have to raise additional funding.  If we are not able to raise the capital necessary to fund our business expansion objectives, we may have to delay the implementation of our business plan.


We do not currently have any arrangements for financing.  Obtaining additional funding will be subject to a number of factors, including general market conditions, investor acceptance of our business plan and initial results from our business operations.  These factors may impact the timing, amount, terms or conditions of additional financing available to us.  The most likely source of future funds available to us is through the sale of additional shares of common stock or advances from our sole director.

 

 

 

7

                
             

WE LACK AN OPERATING HISTORY AND HAVE NOT GENERATED SIGNIFICANT REVENUES OR PROFIT TO DATE.  THERE IS NO ASSURANCE OUR FUTURE OPERATIONS WILL RESULT IN PROFITABLE REVENUES.  IF WE CANNOT GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY, WE MAY HAVE TO CEASE OPERATIONS.


We were incorporated on June 21, 2010.  We have just started our proposed business operations and have only realized minimal revenues.  We have no operating history upon which an evaluation of our future success or failure can be made.  Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to earn profit by developing and marketing enzyme products.  We cannot guarantee that we will be successful in generating significant revenues and profit in the future.  Failure to generate significant revenues and profit will cause us to suspend or cease operations.


IF YI LUNG LIN, OUR SOLE OFFICER, SHOULD RESIGN OR DIE, WE WILL NOT HAVE A CHIEF EXECUTIVE OFFICER.  THIS COULD RESULT IN OUR OPERATIONS SUSPENDING, AND YOU COULD LOSE YOUR INVESTMENT.


We depend on the services of our sole officer and director, Yi Lung Lin, for the future success of our business.  The loss of the services of Mr. Lin could have an adverse effect on our business, financial condition and results of operations.  If he should resign or die we will not have a chief executive officer.  If that should occur, until we find another person to act as our chief executive officer, our operations could be suspended.  In that event it is possible you could lose your entire investment.  We do not carry any key personnel life insurance policies on Mr. Lin and we do not have a contract for his services.  


WE MAY HAVE DIFFICULTY ATTRACTING AND RETAINING SKILLED PERSONNEL.  OUR FAILURE TO DO SO COULD CAUSE US TO GO OUT OF BUSINESS.


Our future success will depend in large part on our ability to attract and retain highly skilled management, sales, marketing, and finance and product development personnel.  Competition for such personnel is intense, and there can be no assurance that we will be successful in attracting or retaining such personnel.  Failure to attract and retain such personnel could have a material adverse effect on our operations and financial condition or cause us to go out of business.


WE WILL NEED SIGNIFICANT CAPITAL REQUIREMENTS TO CARRY OUT OUR BUSINESS PLAN, AND WE WILL NOT BE ABLE TO FURTHER IMPLEMENT OUR BUSINESS STRATEGY UNLESS SUFFICIENT FUNDS ARE RAISED, WHICH COULD CAUSE US TO DISCONTINUE OUR OPERATIONS.


We will require significant expenditures of capital in order to acquire and develop our planned operations.  We plan to obtain the necessary funds through private equity offerings.  We may not be able to raise sufficient amounts from our planned sources.  In addition, if we drastically underestimate the total amount needed to fully implement our business plan, our ability to continue our business will be adversely affected.


Our ability to obtain additional financing is subject to a number of factors, including market conditions, investor acceptance of our business plan, and investor sentiment.  These factors may make the timing, amount, terms and conditions of additional financing unattractive or unavailable to us.  If we are unable to raise additional financing, we will have to significantly reduce our spending, delay or cancel planned activities or substantially change our current corporate structure.  In such an event, we intend to implement expense reduction plans in a timely manner.  However, these actions would have material adverse effects on our business, revenues, operating results and prospects, resulting in a possible failure of our business.


WE MAY BE SUSCEPTIBLE TO AN ADVERSE EFFECT ON OUR BUSINESS DUE TO THE CURRENT WORLDWIDE ECONOMIC CRISIS


Our market and sales results could be greatly impacted by the current worldwide economic crisis, making it difficult to reach sales goals and thus generate significant revenue.

 

 

 

8

                
             

WE HAVE NO EXPERIENCE AS A PUBLIC COMPANY.  OUR INABILITY TO SUCCESSFULLY OPERATE AS A PUBLIC COMPANY COULD CAUSE YOU TO LOSE YOUR ENTIRE INVESTMENT.

We have never operated as a public company.  We have no experience in complying with the various rules and regulations, which are required of a public company.  As a result, we may not be able to operate successfully as a public company, even if our operations are successful.  We plan to comply with all of the various rules and regulations, which are required of a public company.  However, if we cannot operate successfully as a public company, your investment may be materially adversely affected.  Our inability to operate as a public company could be the basis of your losing your entire investment.


WE WILL INCUR INCREASED COSTS AS A RESULT OF BEING A PUBLIC COMPANY


Upon completion of this offering, we will become a public company and expect to incur significant legal, accounting and other expenses that we did not incur as a private company.  Moreover, the Sarbanes-Oxley Act of 2002, as well as new rules subsequently implemented by the Securities and Exchange Commission and the Nasdaq Stock Market, has imposed additional requirements on corporate governance practices of public companies.  We expect these new rules and regulations to increase our legal and financial compliance costs and to make some corporate activities more time-consuming and costly, which may have a materially adverse impact on our business.


U.S. INVESTORS MAY EXPERIENCE DIFFICULTIES IN ATTEMPTING TO EFFECT SERVICE OF PROCESS AND TO ENFORCE JUDGMENTS BASED UPON U.S. FEDERAL SECURITIES LAWS AGAINST THE COMPANY AND ITS SOLE NON-U.S. RESIDENT OFFICER AND OUR DIRECTORS AND A U.S. OR FOREIGN PLAINTIFF MAY LACK STANDING OR OTHERWISE BE UNABLE TO BRING A LAWSUIT IN A TAIWANESE OR CHINESE COURT, INCLUDING A CASE WHICH IS PREDICATED UPON U.S. SECURITIES LAWS.


Our sole officer and all of our directors are not residents of the United States.  Consequently, it may be difficult for investors to effect service of process on Mr. Huang and our other directors in the United States and to enforce judgments obtained in United States courts against Mr. Huang based on the civil liability provisions of the United States securities laws.  Since all our assets are located in Taiwan it may be difficult or impossible for U.S. investors to collect a judgment against us.  As well, any judgment obtained in the United States against us may not be enforceable in the United States.  


In addition, a U.S. or foreign plaintiff may lack standing or otherwise be unable to bring a lawsuit in a Taiwanese or Chinese court, including a case which is predicated upon U.S. securities laws.


RISKS RELATED TO OUR INDUSTRY


CURRENCY EXCHANGE RATE FLUCTUATIONS MAY INCREASE OUR COSTS.


The exchange rates between the U.S. dollar and non-U.S. currencies in which we conduct our business have and will likely fluctuate in the future.  Any appreciation in the value of these non-U.S. currencies would result in higher expenses for our company.  We do not have any hedging arrangements to protect against such exchange rate exposures.


IMPORT/EXPORT REGULATIONS AND TARIFFS MAY CHANGE AND INCREASE OUR COSTS.


We are subject to risks associated with the regulations relating to the export of products.  We cannot predict whether the export of our products will be adversely affected by changes in, or enactment of new quotas, duties, taxes or other charges or restrictions imposed by the Asian countries in the future.  Any of these factors could have a material adverse effect on our operating costs.

 

 

 

9

                
             

RISKS RELATED TO OUR OFFERING


OUR SHARES OF COMMON STOCK ARE SUBJECT TO THE PENNY STOCK RULES OF THE SECURITIES AND EXCHANGE COMMISSION AND THE TRADING MARKET IN OUR SECURITIES WILL BE LIMITED, WHICH WILL MAKE TRANSACTIONS IN OUR STOCK CUMBERSOME ANDMAY REDUCE THE VALUE OF AN INVESTMENT IN OUR STOCK.


The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in "penny stocks.  Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).  Penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the SEC, which specifies information about penny stocks and the nature and significance of risks of the penny stock market.  A broker-dealer must also provide the customer with bid and offer quotations for the penny stock, the compensation of the broker-dealer, and sales person in the transaction, and monthly account statements indicating the market value of each penny stock held in the customer's account.  In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction.  These disclosure requirements may have the effect of reducing the trading activity in the secondary market for stock that becomes subject to those penny stock rules.  If a trading market for our common stock develops, our common stock will probably become subject to the penny stock rules, and shareholders may have difficulty in selling their shares.


THERE IS NO CURRENT TRADING MARKET FOR OUR SECURITIES AND IF A TRADING MARKET DOES NOT DEVELOP, PURCHASERS OF OUR SECURITIES MAY HAVE DIFFICULTY SELLING THEIR SHARES.


There is currently no established public trading market for our securities and an active trading market in our securities may not develop or, if developed, may not be sustained.  We intend to have a market maker apply for admission to quotation of our securities on the Over-the-Counter Bulletin Board after the Registration Statement relating to this prospectus is declared effective by the SEC.  We do not yet have a market maker who has agreed to file such application.  If for any reason our common stock is not quoted on the Over-the-Counter Bulletin Board or a public trading market does not otherwise develop, purchasers of the share may have difficulty selling their common stock should they desire to do so.  No market makers have committed to becoming market makers for our common stock and none may do so.


ANY ADDITIONAL FUNDING WE ARRANGE THROUGH THE SALE OF OUR COMMON STOCK WILL RESULT IN DILUTION TO EXISTING SHAREHOLDERS.


We must raise additional capital in order for our business plan to succeed.  Our most likely source of additional capital will be through the sale of additional shares of common stock.  Such stock issuances will cause stockholders' interests in our company to be diluted.  Such dilution will negatively affect the value of investors shares.


YOUR PERCENTAGE OWNERSHIP IN US MAY BE DILUTED BY FUTURE ISSUANCES OF CAPITAL STOCK, WHICH COULD REDUCE YOUR INFLUENCE OVER MATTERS ON WHICH STOCKHOLDERS VOTE.


Our Board of Directors has the authority, without action or vote of our stockholders, to issue all or any part of our authorized but unissued shares of common stock, including shares issuable upon the exercise of options or shares that may be issued to satisfy our payment obligations.  Issuances of additional common stock would reduce your influence over matters on which our stockholders vote. 

 

 

 

10

                
             

WE DO NOT EXPECT TO PAY DIVIDENDS IN THE FORESEEABLE FUTURE WHICH MAY MAKE IT MORE DIFFICULT FOR YOU TO EARN A RETURN ON YOUR INVESTMENT WITH US.


We have never paid any dividends on our common stock.  We do not expect to pay cash dividends on our common stock at any time in the foreseeable future.  The future payment of dividends directly depends upon our future earnings, capital requirements, financial requirements and other factors that our board of directors will consider.  Since we do not anticipate paying cash dividends on our common stock, return on your investment, if any, will depend solely on an increase, if any, in the market value of our common stock.  Therefore, you may have difficulty earning a return on your investment with us.


Forward-Looking Statements


This prospectus contains forward-looking statements that involve risks and uncertainties.  We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements.  You should not place too much reliance on these forward-looking statements.  Our actual results are most likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in the Risk Factors section and elsewhere in this prospectus.


Use of Proceeds


We will not receive any proceeds from the sale of the common stock offered through this prospectus by the selling shareholders.


Based on the maximum offering price, we estimate that our net proceeds from the Offering, after deducting commission and other estimated expenses payable in relation to the Offering (estimated to be $50,000) will be approximately $2,950,000.


We intend to use our net proceeds from the Offering for the following purposes:

·

approximately $500,000 for enzyme research and development including the establishment of laboratory research with clinical test facility;

·

approximately $200,000 for the purchase of computers, computer software, office equipment and furniture and fittings; and

·

approximately $2,250,000for working capital.


The foregoing represents our best estimate of our allocation of our net proceeds from the Offering based on our current plans and estimates regarding our anticipated expenditures.  Actual expenditures may vary from these estimates, and we may find it necessary or advisable to re-allocate our net proceeds within the categories described above or to use portions of our net proceeds for other purposes.  


Pending the use of our net proceeds in the manner described above, we may also use our net proceeds for our working capital, place the funds in fixed deposits with banks and financial institutions or use the funds to invest in short-term money market instruments, as our Directors may deem appropriate in their absolute discretion.


We estimate that the expenses of the Offering and the application for listing, including the underwriting fees and selling commission, and all other incidental expenses relating to the Offering, will amount to approximately $50,000.

 

 

 

11

                
             

Our direct public offering is being made on a self-underwritten basis - with no minimum and a maximum of $3,000,000.  The table below sets forth the use of proceeds if 25%, 50%, 75% or 100% is sold.  

 

 

25%

50%

75%

100%

Gross Proceeds

$750,000

$1,500,000

$2,250,000

$3,000,000

Offering Expenses

$50,000

$50,000

$50,000

$50,000

Net Proceeds

$700,000

$1,450,000

$2,200,000

$2,950,000

 

 

Determination of Offering Price

 

The selling shareholders will sell our shares at $0.30 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices.  We determined the offering price by considering, among other factors, a business valuation that was conducted by our management.  There is no assurance of when, if ever, our stock will be listed on an exchange.

 

Dilution

 

The common stock to be sold by the selling shareholders is common stock that is currently issued and outstanding.  Accordingly, there will be no dilution to our existing shareholders.

 

Selling Shareholders

 

The selling shareholders named in this prospectus are offering all of the 888,472 shares of common stock offered through this prospectus, not including our direct public offering.  These shares were acquired from us in private placements that were exempt from registration provided under Regulation S of the Securities Act of 1933.  Our reliance upon the exemption under Rule 903 of Regulation S of the Securities Act was based on the fact that the sale of the securities was completed in an "offshore transaction, as defined in Rule 902(h) of Regulation S.  We did not engage in any directed selling efforts, as defined in Regulation S, in the United States in connection with the sale of the securities.  Each investor was not a US person, as defined in Regulation S, and was not acquiring the securities for the account or benefit of a US person.

 

 

12

                
             

The following table provides as of the date of this prospectus, information regarding the beneficial ownership of our common stock held by each of the selling shareholders, including:

-

the number of shares owned by each prior to this offering;

-

the total number of shares that are to be offered for each;

-

the total number of shares that will be owned by each upon completion of the offering; and

-

the percentage owned by each upon completion of the offering.

 

 

 

 

 

Name Of

Selling Shareholder

Shares Owned

Prior To

This Offering

Total Number Of

Shares To Be Offered

For Selling

Shareholders

Account

Total Shares to

Be Owned Upon

Completion Of

This Offering

Percentage

of Shares

owned Upon

Completion of

This Offering

Access Equity Capital Management Corp. (1)

50,000,000

25,000

49,975,000

21.4%

Access Finance and Securities (NZ) Limited (2)

50,000,000

25,000

49,975,000

21.4%

Hsi-Ling Chang

6,667

6,667

Nil

Nil

I-Jen Chen (3)

20,010,000

50,000

19,960,000

8.6%

Jen-Yi Chen

6,667

6,667

Nil

Nil

Mei-Yu Chen

7,000

7,000

Nil

Nil

Ming-Sheng Chen

4,800

4,800

Nil

Nil

Yi-Chou Chen (4)

20,010,000

50,000

19,960,000

8.6%

Yong-Liang Chen

7,000

7,000

Nil

Nil

Chiu-Hsiang Chen Wu

7,000

7,000

Nil

Nil

Ssu-Yu Chou

2,800

2,800

Nil

Nil

Chun-Min Chu

2,800

2,800

Nil

Nil

Chu-Ao Fang

25,000

25,000

Nil

Nil

Chao-Yuan Hsieh

6,667

6,667

Nil

Nil

Chen-Wen Hsu (5)

6,000,000

50,000

5,950,000

2.6%

Ching-Ming Hsu

2,000,000

50,000

1,950,000

(8)

Fu-Chung Hsu

6,667

6,667

Nil

Nil

Hui-Cheng Hsu Lin

1,875,000

50,000

1,825,000

(8)

Chien-Yi Huang

6,667

6,667

Nil

Nil

Hsiu-Lien Huang

10,000

10,000

Nil

Nil

Pi-Chiu Huang

2,800

2,800

Nil

Nil

Shih-Ming Huang

2,800

2,800

Nil

Nil

Ya-Lin Jao

6,000,000

50,000

5,950,000

2.6%

Chi-Ju Lee

2,800

2,800

Nil

Nil

Shun-Li Li

6,667

6,667

Nil

Nil

Hsuan-I Lin

7,000

7,000

Nil

Nil

Jong-Tsun Lin

25,000

25,000

Nil

Nil

Shu-Chen Lin

6,667

6,667

Nil

Nil

Shu-Hui Lin

6,667

6,667

Nil

Nil

Tzu-Yin Lin

18,000

18,000

Nil

Nil

Hsiao-Ping Liu

18,000

18,000

Nil

Nil

Yueh-E Lo

18,000

18,000

Nil

Nil

Hsin-Yin Lu

6,667

6,667

Nil

Nil

Pei-Ching Pai

1,875,000

50,000

1,825,000

(8)

Chi-Hua Shih

6,667

6,667

Nil

Nil

Chin-Lien Sun

7,000

7,000

Nil

Nil

Taiwan Cell Energy Enzymes Corp. (6)

25,000,000

50,000

24,950,000

10.7%

Kuei-Hua Tsai

5,625,000

50,000

Nil

Nil

Ching-Tsung Tseng

6,667

6,667

Nil

Nil

Tz-Jie Tseng

6,667

6,667

Nil

Nil

Yen-Lun Tseng

6,667

6,667

Nil

Nil

Chiung-Hui Wang

6,667

6,667

Nil

Nil

Hsiu-Yu Wang

6,667

6,667

Nil

Nil

Huei-Ling Wang (7)

38,625,000

50,000

38,575,000

16.5%

An-Ya Wu

6,000,000

50,000

5,950,000

2.6%

Ching-Pao Wu

6,667

6,667

Nil

Nil

En-Chi Wu

7,000

7,000

Nil

Nil

Hsueh-Wei Yang

7,000

7,000

Nil

Nil

(1)

Yi Lung Lin, our President, has voting and investment control over shares held by Access Equity Capital Management Corp.

(2)

Yi Lung Lin, our President, has voting and investment control over shares held by Access Finance and Securities (NZ) Limited.

(3)

I-Jen Chen is a director on our Board of Directors.

(4)

Yi-Chou Chen is a director on our Board of Directors.

(5)

Chen Wen Hsu is a director on our Board of Directors.

(6)

Chen Wen Hsu is a director on our Board of Directors, and has voting and investment control over shares held by Taiwan Cell Energy Enzymes Corp.

(7)

Huei-Ling Wang is the wife of our President Yi Lung Lin.

(8)

Less than 1%.

 

 

 

13

                
             

The numbers in this table assume that none of the selling shareholders sells shares of common stock not being offered in this prospectus or purchases additional shares of common stock, and assumes that all shares offered are sold.  The percentages are based on 233,308,472 shares of common stock outstanding on the date of this prospectus.

 

Other than disclosed above, none of the selling shareholders:

1.

has had a material relationship with us other than as a shareholder at any time within the past three years;

2.

has ever been one of our officers or directors;

3.

is a broker-dealer; or broker-dealer's affiliate.

 

In addition, we are offering up to 10,000,000 shares of common stock on a direct public offering, without any involvement of underwriters or broker-dealers, no minimum.  The offering price is $0.30 per share or prevailing market prices.  The shares are being offered for a period not to exceed 180 days, unless extended by our Board of Directors for an additional 90 days.

 

Plan of Distribution

 

The selling shareholders may sell some or all of their common stock in one or more transactions, including block transactions.  There are no arrangements, agreements or understandings with respect to the sale of these securities.

 

The selling shareholders will sell our shares at $0.30 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices.  We determined the offering price by considering, among other factors, a business valuation that was conducted by our management.  There is no assurance of when, if ever, our stock will be listed on an exchange or quotation system.

 

The shares may also be sold in compliance with the Securities and Exchange Commission's Rule 144, when eligible.

 

If applicable, the selling shareholders may distribute shares to one or more of their partners who are unaffiliated with us.  Such partners may, in turn, distribute such shares as described above.  If these shares being registered for resale are transferred from the named selling shareholders and the new shareholders wish to rely on the prospectus to resell these shares, then we must first file a prospectus supplement naming these individuals as selling shareholders and providing the information required concerning the identity of each selling shareholder and he or her relationship to us.  There is no agreement or understanding between the selling shareholders and any partners with respect to the distribution of the shares being registered for resale pursuant to this registration statement.

 

We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholders.

 

We are bearing all costs relating to the registration of the common stock.  The selling shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.

 

The selling shareholders must comply with the requirements of the Securities Act and the Securities Exchange Act in the offer and sale of the common stock.  In particular, during such times as the selling shareholders may be deemed to be engaged in a distribution of the common stock, and therefore be considered to be an underwriter, they must comply with applicable law and may, among other things:

1.

Not engage in any stabilization activities in connection with our common stock;

2.

Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and

3.

Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Securities Exchange Act.

 

 

 

14

                
             

The Securities Exchange Commission has also adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks.  Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).

 

The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure document prepared by the Commission, which:

-

contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

-

contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements;

-

contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask price;

-

contains a toll-free telephone number for inquiries on disciplinary actions;

-

defines significant terms in the disclosure document or in the conduct of trading penny stocks; and

-

contains such other information and is in such form (including language, type, size, and format) as the Commission shall require by rule or regulation;

 

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with:

-

bid and offer quotations for the penny stock;

-

the compensation of the broker-dealer and its salesperson in the transaction;

-

the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and

-

monthly account statements showing the market value of each penny stock held in the customer's account.

 

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement.  These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules.  Therefore, stockholders may have difficulty selling those securities.

 

In addition, we are offering up to 10,000,000 shares of common stock on a direct public offering, without any involvement of underwriters or broker-dealers, no minimum.  The offering price is $0.30 per share or prevailing market prices.  The shares are being offered for a period not to exceed 180 days, unless extended by our Board of Directors for an additional 90 days.

 

Description of Securities

 

General

Our authorized capital stock consists of 500,000,000 shares of common stock at a par value of $0.001 per share.

 

Common Stock

As of January 12, 2010, there were 233,308,472 shares of our common stock issued and outstanding that are held by 48 stockholders of record.

 

 

15

                
             

Holders of our common stock are entitled to one vote for each share on all matters submitted to a stockholder vote.  Holders of common stock do not have cumulative voting rights.  Therefore, holders of a majority of the shares of common stock voting for the election of directors can elect all of the directors.  Holders of our common stock representing a majority of the voting power of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of our stockholders.  A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our articles of incorporation.

 

Holders of common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds.  In the event of liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock.  Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.

 

Preferred Stock

We do not have an authorized class of preferred stock.

 

Dividend Policy

We have never declared or paid any cash dividends on our common stock.  We currently intend to retain future earnings, if any, to finance the expansion of our business.  As a result, we do not anticipate paying any cash dividends in the foreseeable future.

 

Share Purchase Warrants

We have not issued and do not have outstanding any warrants to purchase shares of our common stock.

 

Options

We have not issued and do not have outstanding any options to purchase shares of our common stock.

 

Convertible Securities

We have not issued and do not have outstanding any securities convertible into shares of our common stock or any rights convertible or exchangeable into shares of our common stock.

 

Interests of Named Experts and Counsel

 

No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, an interest, direct or indirect, in the registrant or any of its parents or subsidiaries.  Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.

 

Dean Law Corp. has provided an opinion on the validity of our common stock.

 

 

16

                
             

The financial statements included in this prospectus and the registration statement have been audited by M&K CPAS, PLLC to the extent and for the periods set forth in their report appearing elsewhere in this document and in the registration statement filed with the SEC, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.

 

Description of Business

 

General


We were incorporated in the State of Nevada on June 21, 2010.


We are a start-up company and our main focus is to promote, market, distribute and export enzyme products to the Asian market, to begin with, Taiwan, and then followed by China, Hong Kong, Macau, Thailand, Malaysia, Singapore and Sri Lanka.  These enzyme products are specifically formulated for our marketing and distribution under contract manufacturing arrangements.  There are two contracted OEM manufacturers, one in Taiwan and the other in the United States.


Enzymes are not living things, they are inanimate like minerals.  But unlike minerals, they are made by living cells.  Thus, enzyme is a catalyst responsible for biochemical reactions in living things (including animals, plants, microorganisms), synthesis, decomposition, oxidation, transfer and isomerisation.  Without enzyme, the lack of it or with its destruction, biotic phenomena would stop, DNA would undergo a drastic change, unusual illnesses would occur and metabolism would become abnormal, among others.  Hence, we can conclude that Biotic phenomena are testimonies of enzymes activities.


Enzyme is actually a complex globule protein.  It reacts optimally under body temperature.  Reaction takes many times faster with added enzymes.  Therefore, regular consumption of enzyme is good to our well-being.  In fact it has been categorized under GRAS (Generally Regarded As Safe) by the Food and Drug Administration.  Our body loses enzymes as we grow old.  It has been proven that many chronic, hereditary diseases and functional imbalance are caused by the deficiency of certain enzymes, for example, lipase (fat enzyme) deficiency causes hepatic diseases, diabetes and Vitamin A deficiency.  Amylase (carbohydrate enzyme) deficiency results in liver diseases and gastro enteric diseases.  An enzyme is neither a drug, medicine nor a herb.  It is the Cell Activator.  It is extracted from fruits and vegetables.  It can be a natural complex enzyme, plant-based complex enzyme or microbial enzyme.  It is for the body cell.  It is the Cell Activator.Human beings and animal will die without enzyme.  Therefore, there are two types of enzyme products, Enzyme for Human Consumption and Enzyme for Animal consumption that we intend to promote, market, distribute and export.


We have been appointed by Origo Biochemical Technologies Inc, Taiwan as their Sole Export Marketing Agent to market their enzyme products for human consumption to Thailand and business has started since July 1, 2010.  Our goal is to commence promoting, marketing, distribution and export of the enzyme products specifically formulated for us, packed under our private label, pursuant to the contract manufacturing arrangements for the Asian market by the appointment of country sole distributor for each category of the enzyme products.  These country sole distributors will in turn distribute it to wholesalers and retailers for resale to the general public for consumption, following the Multi Level Marketing Franchise Investor Dealer Related (MLM-FIDR) concept.

 

 

 

17

                
             

Aside for the general public consumption or General Outlet Category, a country sole distributor each for Special Outlet Category A, such as the hospital, medical centre, clinic, pharmacies and drug stores.  Category B, for the country armed forces and police force, and Category C, for animal and bird racing such as pigeon racing, will be appointed.


To date, through our duly appointed Marketing Agent, Access Management Consulting and Marketing Pte Ltd, we have entered into one sole distributorship agreement in which a distributor with exclusive right has been appointed for the marketing and distribution of our range of enzyme products for human consumption in the territory of the Republic of China (Taiwan).  It is for the General Outlet Category.  In order to successfully promote, market and distribute our range of enzyme products for human consumption throughout the general public, we intend to establish a GEEC Enzyme Club and to educate the general public through a series of enzyme education programs including enzyme club exchange program with other enzyme clubs established elsewhere.


As part of our expansion plans, we have begun to target and hope to make contact formal commitments with other marketing and distribution companies for marketing and distribution of our range of enzyme products for human consumption and animal consumption in targeted countries.  This includes the Special Outlet Category, but there is no guarantee that we will be able to do so.


To date, we have succeeded in the appointment of Taiwan Cell Energy Enzymes Corporation, a marketing and distribution company in Taiwan specialized in the promotion and distribution of enzyme products.  They will distribute our range of enzyme products for human consumption to the general public in Taiwan with an annual purchase quota of US $2 million.  The enzyme market for human consumption is very substantial and how successful we can penetrate and capture the market like Taiwan for example will depend on how successful we are implementing our business plan.  Both enzyme products for human consumption and animal consumption have a tremendous consumption volume in the Asian market.  It is a virgin market for enzyme products.  We plan to begin market and distribute our range of enzyme products, under our private label, within the next 12 months.


We now have an office in the United States.  It is situated at Two Allen Center, 1200 Smith Street, Suite 1600, Houston, Texas 77002.  Our telephone number is 713 353 8834.  We pay rent for this office.  We intend to upgrade the present office with employment of suitable qualified personnel to manage the sales administration department and product development department.  We also have plans to recruit an enzymologist and establish a laboratory for enzyme research and development with the view to improve our present range of enzyme products, innovation of new enzyme products and to carry out clinical tests.  Our ability to do all these will depend on our financial condition and our ability to secure additional financing, whether through public or private equity or debt financing, arrangements with security holders or other sources to fund the operations.  However, these sources of additional funding may not be available, or if available, may be on terms unacceptable to us.


Enzyme for Human Consumption


There is only one specialized natural complex enzyme manufacturer in Taiwan producing natural enzyme for human consumption since 1997, Origo Biochemical Technologies Inc.  Our Directors, Mr. Chen Yi Chou and Mr. Chen I Jen are brothers, and are the sons of the Madam Wang Feng Peng, the President of Origo Biochemical Technologies Inc.  Mr. Chen I Jen is the general manager of Origo Biochemical Technologies Inc.  On July 1, 2010, we entered into a Sole Export Marketing Agent Agreement with Origo Biochemical Technologies Inc to market their enzyme products for human consumption to Thailand.  On September 21, 2010, we entered into an OEM Manufacturing Agreement with Origo Biochemical Technologies Inc for contract manufacturing a range of enzyme products for human consumption under our private label.  Origo has a monthly production output capacity of about 12 to 15 tons of enzymes in powder form.

 

 

 

18

                
             

There is a limited enzyme manufacturer in the United States for contract manufacturing for our private label.  On September 21, 2010, we reached an agreement with Specialty Enzymes and Biochemicals Co. (BSC Biochemicals), USA for supplying various types of enzyme product to us under our private label.  SEB has been in operation since 1957 and is the largest enzyme manufacturer and enzymes provider in the US.


Both enzyme manufacturers operate under ISO 9001:2000 certified manufacturing facilities using advanced fermentation technologies.


Origo Natural Complex Enzyme


[genufoodenergyenzymess1002.jpg]


* Note we do not own or produce the above enzyme product; it is just an example of the enzyme product we market for export to Thailand in which we are the Sole Export Marketing Agent for

Origo Biochemical Technologies Inc.

 

* Note we do not own or produce the above enzyme product; it is just an example of the enzyme product we market for export to Thailand in which we are the Sole Export Marketing Agent for

Origo Biochemical Technologies Inc.

 

 

 

19

                
             

Our Range Of Enzyme Products for Human Consumption


[genufoodenergyenzymess1003.jpg]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-NCE belongs to us.


Extracted from fruits and vegetables, Cellax-NCE is a natural complex digestive enzyme which enhances digestion and for absorption of nutrients.  Enhance metabolism and anti-inflammation.  It is a dietary supplement.  It comes in original powder form, one packet 5g.  One box has 50 packets.



[genufoodenergyenzymess1004.jpg]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-GFL belongs to us.


Extracted from fruits and vegetables, Cellax-GFL is a natural complex enzyme assists liver recovery and stimulates immune system health.  It also enhance metabolism, drug detoxification, reduce carcinogens and promote cell activation.  Therapeutic type.  It is a dietary supplement that is ideal for a liver patient.  It comes in original powder form, one packet 7g.  One box has 60 packets.

 

 

 

20

                
             


[genufoodenergyenzymess1005.jpg]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-TT belongs to us.


Extracted from fruits and vegetables, Cellax-TT is a natural complex enzyme assists health recovery and maintains immune system health.  Therapeutic type.  It is a dietary supplement.  With mucosaccride-peptide, Cellax-TT gives protection to body cell during radiation process.  It mitigates the side effect of chemotherapy.  It is ideal for a cancer patient.  It comes in original powder form, one packet 10g.  One box has 50 packets.




[genufoodenergyenzymess1007.gif]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-FG1 belongs to us.


It is a microbial enzyme.  A full-spectrum blend of probiotics; prebiotics and enzymes expertly formulated to help maintain a proper balance of intestinal micro flora and may prevent the growth of Candida.  It is a dietary supplement.  It comes in capsule form each capsule 500mg.  There are 180 capsules per bottle.

 

 

 

21

                
             


[genufoodenergyenzymess1009.gif]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-SP belongs to us.


It is a microbial enzyme.  Cellax-SP Serrapeptase is enterically coated to survive the acidic conditions of the stomach.  This allows for greater absorption in the small intestine and thus, greater fibrinolytic activity.  It is a dietary supplement that comes in capsule form, each capsule being 500mg.  There are 60 capsules per bottle.






[genufoodenergyenzymess1011.gif]



We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-E2AF belongs to us.


It is a microbial enzyme.  Cellax-E2AF is a dietary supplement providing nutritional support for healthy joint function.  An enzyme therapy solution for inflammation management that comes in capsule form; each capsule being 750mg.There are 90 capsules per bottle.

 

 

 

22

                
             


[genufoodenergyenzymess1013.gif]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-E belongs to us.


It is a microbial enzyme.  Cellax-E is a powerful systemic enzyme blend formulated to support normal fibrin metabolism and healthy response to inflammation.  It features an enterically coated serrapeptase that can survive the acidic conditions of the stomach.  It is a dietary supplement.  It comes in capsule form each capsule 500mg.  There are 450 capsules per bottle.


[genufoodenergyenzymess1015.gif]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-SNU belongs to us.


It is a microbial enzyme, plant enzyme, herbs and vitamins.  Cellax-SNU is a powerful systemic enzyme blend formulated to support a healthy cardiovascular system and to maintain normal fibrin metabolism.  It promotes healthy circulation by reducing excessive fibrin levels and reducing blood viscosity.  It is a dietary supplement.  It comes in capsule form each capsule 500mg.  There are 150 capsules per bottle.

 

 

 

23

                
             


[genufoodenergyenzymess1017.gif]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Cellax-DG1 belongs to us.


It is a microbial enzyme, plant enzyme, herbs and vitamins.  Cellax-DG1 is a broad-spectrum digestive enzyme blend formulated to enhance nutrient absorption and bioavailability.  It supports proper digestion of dairy, legumes, cruciferous vegetables, cereal grains, proteins and other foods.  It is a dietary supplement.  It comes in capsule form each capsule 500mg.  There are 90 capsules per bottle.


In summary, our Cellax range of enzyme products in capsule is displayed below:


[genufoodenergyenzymess1018.jpg]



Cellax Range of Enzyme Products in Capsule

 

 

 

24

                
             

The following is a Cellax Enzymes for Human Body Cells Chart, which shows the Cellax enzyme products applicability to the human body cells to the respective organs:

 

25

                
             

Our Range of Enzyme Products for Animal Consumption

[genufoodenergyenzymess1020.jpg]

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-Super belongs to us.


It is a natural complex enzyme.  Anilax-Super is a supplement feed for porcine, chicken and bovine consumption.  It enhances porcine to gain weight fast.  For chicken, it increases fertilization rate, hatching rate and increases egg weight.  As to Bovine, improves growth, increase protein digestion rate and increase lactation.


[genufoodenergyenzymess1021.jpg]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-SP3 belongs to us.

 

Anilax-SP3 is a product specially formulated for the digestive system of dogs and cats.  It provides natural relief such as dry or scaly hair coat, skin problems, digestive disorders, joint difficulties, immune disorders, excessive shedding, weight problems, allergies, bloating, lethargy, hairballs, flatulence, coprophagia and wound healing.

 

 

 

26

                
             

 

[genufoodenergyenzymess1022.jpg]


We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-EPET belongs to us.


Anilax-EPET is a multi enzyme blend of non-animal source enzymes containing a combination of proteases as well as other enzymes to facilitate movement as well as tissue and muscle healing.  It contains Rutin, an important bioflavonoid that may help repair damaged tissue.

 

 

 

27

                
             

 

[genufoodenergyenzymess1023.jpg]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-SW1013 belongs to us.


Anilax-SW1013 is a unique blend of enzymes developed especially for swine feed supplementation.  The enzymes encompassing a wide range of activities, aid in the breakdown of organic feed substrates, thereby encouraging the bio-availability of otherwise trapped nutrients, while improving live weight and feed conversion efficiency (feed:gain) in diets based on barley, corn, soybean meal, sunflower meal, whet meal, rapeseed meal and others.

 

 

 

28

                
             

 

[genufoodenergyenzymess1024.jpg]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-SEB belongs to us.


Anilax-SEB is a unique blend of enzymes developed especially for poultry feed supplementation.  The enzymes encompassing a wide range of activities, aid in the breakdown of organic feed substrates, thereby encouraging the bio-availability of otherwise trapped nutrients, while improving live weight and feed conversion efficiency (feed:gain) in diets based on corn, soybean meal, sunflower meal, wheat meal, rapeseed meal and others.

 

 

 

29

                
             

 

[genufoodenergyenzymess1025.jpg]

 

We do not manufacture the above enzyme product.  It is specifically formulated for our distribution.  It is packed under our private label pursuant to the contract manufacturing arrangements.  The brand name Anilax-AFL2500 belongs to us.


Anilax-AFL2500 is a highly concentrated, non-animal, liquid multi-enzyme blend derived from non GMO Trichoderma spp.  It is specially designed to maximize the digestibility and nutritional value of pelletized feed, silage and other forms of ruminant feed.

 

 

 

30

                
             

Sales and Marketing Strategy


We rely on our appointed Marketing Agent to source, select and interview suitable qualified country sole distributor for each Category of our enzyme products.  We therefore intend to rely on those appointed country sole distributors to promote, market and distribute our Cellax, Medilax, Armilax, Anilax and AniTra-XO range of enzyme products to the Asian market.  We will begin with the Republic of China (Taiwan).


Our enzyme range of products for human consumption


Under the General Outlet Category, the country sole distributor has an annual purchase quota to achieve for the promotion, marketing and distribution of Cellax range of enzyme products.  The annual purchase quota varies from country to country.  The marketing effort the country sole distributor will follow adopting our Multi Level Marketing Franchise Investor Dealer Related concept (MLM-FIDR) concept.  This means that the country sole distributor will distribute the Cellax range of enzyme products to wholesalers who then re-distribute to dealers.  The dealers will then distribute it to retailers for retailing to consumers, the general public.  Attractive incentive bonus will be awarded to wholesalers, dealers, retailers and to consumers.  These wholesalers, dealers and retailers are probably shareholders of the country sole distributor and the country sole distributor is entitled to invest in our business by way of private placement.  Therefore, effective sales and marketing is achieved through strong one on one selling but also effective retail distribution and management.  This is supported by our GEEC Enzyme Club activities for our enzyme consumers whose membership is free of charge.


Under the Special Outlet Category, the country sole distributor has an annual purchase quota to achieve for the promotion, marketing and distribution of Medilax range of enzyme products directly to hospital, medical centre, clinics, pharmacies and drug stores.  Another country sole distributor will be appointed for the supply of Armilax range of enzyme products directly to the country armed forces and police force.

 

 

 

31

                
             

Our enzyme range of products for animal consumption


A country sole distributor each will be appointed for the promotion, marketing and distribution of Anilax range of enzyme products to area sub-distributors who in turn re-distribute it directly to farmers and animal clinics, and AniTra-XO feed supplement for racing pigeons.


[genufoodenergyenzymess1026.jpg]


Anilax Range of Enzyme Products in Bulk Packed Powder Form


We intend, through our Marketing Agent, to contact as many country sole distributors for we can market our range of enzyme products more effectively.  We could then give them and their wholesalers, dealers and retailers proper enzyme education and dealership program the MLM-FIDR concept.


To enhance our sales and to advertise our range of enzyme products we distribute, we have registered a domain name: www.geecenzymes.com.  This website is currently under construction and we anticipate that it will display and expose our products, provide free registration to the GEEC Enzyme Club membership, provide enzyme education, allow our country sole distributors to order products and possibly allow consumers to purchase directly from us at a higher retail price.  We will also have a password secured portion of the website where our GEEC Enzyme Club members can log in for enzyme education and membership activities, and a possible link to our country sole distributors website for placing orders by its customers.  Once launched, our website will be available 24 hours a day, seven day a week allowing our customer service to entertain country sole distributors and dealers and customers to shop our range of enzyme products from their home, office or even from their mobile phone.  

 

 

 

32

                
             

Competition


The enzyme market in Asia is still a virgin market.  The public is aware about medicine, drug, herb and vitamin pills but not enzymes.  We plan to enter the enzyme business with a chance to be the leader in the distribution of enzyme products in Asia.  For example, our first target market, Taiwan, there is no enzyme product similar to our Cellax, Medilax, Armilax, Anilax and AniTra-XO range of enzyme products.  Notable enzyme manufacturers like Kuo-chi Biotechnology Corp. producing enzymes for Chinese herbal health products; Linden Biological Technology Co. Ltd. producing enzyme for cosmetics; Easy Cure Biotechnology Co. Ltd. produces enzyme as nutrition supplement added with vitamins and minerals under the brand Lohas, and China Chemical Pharmaceutical Co. Ltd. producing enzyme mix with additives as a feed for animal.  Imported brand like NOW, a plant-based enzyme product from the US is perhaps the only imported enzyme product promoted in Taiwan.


Competition in this market revolves around price, quality, reliability, product features and activities.  At the dealer/retailer level, competition is based mainly on sales and marketing support programs, such as the dealers bonus incentive, advertisement support and GEEC Enzyme Club activities.  We need to create deeper distribution channels via our MLM-FIDR concept and strong brand awareness but do not possess such financial capabilities at this current time.  We may never be able to effectively enter the enzyme business and thus may not be in a position to complete with competitors who enters the market with strong financial means.


Compliance with Government Regulation


We currently do not have substantial operations.  However, once we do have a substantial operations, our business will be affected by numerous laws and regulations.  To ensure that our operations are conducted in full and substantial regulatory compliance, as part of our current internal procedures and policies, we will verify and ensure that the OEM manufacturers we contracted in Taiwan and the US have obtained the ISO 9001:2000 certification and to qualify for the China health food supplement regulation.  In Taiwan and China, enzyme products are classified as Food Supplement and are regulated or governed by the Ministry of Health.  Our Taiwan OEM manufacturer, Origo Biochemical Technologies Inc. has obtained importation approval from the China Ministry of Health for the enzyme product they manufactured and by virtual of the provisions of the OEM Manufacturing Agreement, we can exercise their permit to import our natural complex enzyme into China.


Failure to comply with any laws and regulations may result in the assessment of administrative, civil and criminal penalties, the imposition of injunctive relief or both.  Moreover, changes in any of these laws and regulations could have a material adverse effect on business.  In view of the many uncertainties with respect to current and future laws and regulations, including their applicability to us, we cannot predict the overall effect of such laws and regulations on our future operations.


Currently we do not have substantial operations and believe that once we do have substantial operations, we will comply in all material respects with applicable laws and regulations, and that the existence and enforcement of such laws and regulations have no more restrictive an effect on our operations than on other similar companies in the enzyme industry.  We do not anticipate any material capital expenditures to comply with federal and state environmental requirements.


Employees


We currently do not have any employees other than our sole officer who devotes approximately 40 hours per week to our operations.  To assist him, we have entered into an agreement with Albeck Financial Services to provide accounting services.

 

 

 

33

                
             

Research and Development Expenditures


We have not incurred any expenditure on research and development since our inception.


Subsidiaries


We do not have any subsidiaries.


Patent and Trademarks


We do not own any patents but the following trademarks belong to us:


·

Cellax-NCE

·

Cellax-GFL

·

Cellax-TT

·

Cellax-FG1

·

Cellax-SP

·

Cellax-E2AF

·

Cellax-E

·

Cellax-SNU

·

Cellax-DG1

·

Anilax-Super

·

Anilax-SP3

·

Anilax-EPET

·

Anilax-Sw1013

·

Anilax-SEB

·

Anilax-AFL2500

·

AniTra-XO

·

Medilax

·

Armilax


Offices


Our business office is located at Two Allen Center, 1200 Smith Street, Suite 1600, Houston, Texas 77002.  Our telephone number is (713) 353-8834.  We pay monthly rent of $219 for our office.


Legal Proceedings

 

We are not currently a party to any legal proceedings.  Our address for service of process in Nevada is 4421 Edward Avenue, Las Vegas, Nevada 89108.

 

 

34

                
             

Market for Common Equity and Related Stockholder Matters

 

No Public Market for Common Stock

There is presently no public market for our common stock.  We anticipate applying for quotation of our common stock on the over the counter bulletin board upon the effectiveness of the registration statement of which this prospectus forms a part.  However, we can provide no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize.

 

Stockholders of Our Common Shares

As of the date of this registration statement, we have 48 registered shareholders.

 

Rule 144 Shares

The SEC has recently adopted amendments to Rule 144 which became effective on February 15, 2008 and applies to securities acquired both before and after that date.  Under these amendments, a person who has beneficially owned restricted shares of our common stock for at least six months is entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding the sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale.


Persons who have beneficially owned restricted shares of our common stock for at least six months but who are our affiliates at the time of, or at any time during the three months preceding the sale, are subject to additional restrictions.  Such person is entitled to sell within any three-month period only a number of securities that does not exceed the greater of either of the following:


·

1% of the total number of securities of the same class then outstanding, which will equal 54,200 shares as of the date of this prospectus; or


·

the average weekly trading volume of such securities during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale;


provided, in each case that we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale.

 

Such sales must also comply with the manner of sale and notice provisions of Rule 144.

As of the date of this prospectus none of our shares are eligible for resale pursuant to Rule 144.

 

Stock Option Grants

To date, we have not granted any stock options.

 

Registration Rights

We have not granted registration rights to the selling shareholders or to any other persons.

 

 

35

                
             

Dividends

There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends.  The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

1.

we would not be able to pay our debts as they become due in the usual course of business; or

2.

our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future.

 

Plan of Operations

 

Our plan of operation for the next twelve months following the date of this prospectus is to implement the sole distributorship agreement we had signed and to enter into formal sole distributorship agreement with other country sole distributors.  We plan to promote, market, distribute and export our range of enzyme products to the Asian market, to begin with Taiwan and then to China.


We expect to incur the following expenses in the next 12 months in connection with our business operations:


Inventory

$1,263,864

General Administration, Sales and Marketing Overhead

$   250,000

Sales Advertisement and Promotion Support Overhead

$   250,000


We expect to need approximately $520,000 for the next six months of operations and an additional $1,243,864 until we achieves profitability.  The funds will be used for the purposes of retaining a more-qualified management team, purchase of inventory, administrative expenses and for professional fees.


Currently our monthly burn rate is approximately $3,000.  However, this number is not an accurate reflection of our actual monthly cash requirement, as it will likely to be much higher once we commence operations.  Currently we have enough cash on hands to sustain our operations for approximately 6 months.  Our country sole distributor for Taiwan responsible for distributing our range of enzyme for human consumption to the general public, Taiwan Cell Energy Enzymes Corporation has committed to invest in our business by the subscription of our common stock of $1 million.  However, there is no guarantee that Taiwan Cell Energy Enzymes Corporation will not breach the private placement agreement.


We do not have sufficient cash and cash equivalents to execute our operations and will need to obtain additional financing to operate our business for the next six months.  Additional financing, whether through public or private equity or debt financing, arrangements with security holders or other sources to fund operations, may not be available, or if available, may be on terms unacceptable to us.


Results of Operations for the Period Ending September 30, 2010


We have not yet started distribution of our range of enzyme products to the Asian market.  We incurred operating expenses in the amount of $23,947 for the period from our inception on June 21, 2010 to September 30, 2010.  These operating expenses were comprised of general and administrative fees relating to our incorporation and business development.

 

 

 

36

                
             

Expenses


We have incurred total operating expenses of $23,947 since our inception on June 21, 2010 to September 30, 2010.  These expenses were comprised of professional fees of $8,500, transfer agent fees of $10,000, filing fees of $2,945 and other office and general expenses of $2,502.

 

Liquidity and Capital Resources


As at September 30, 2010, we had total current assets of $45,115, comprising of $38,677 in cash and $6,438 in prepaid expenses.  As of September 30, 2010,we had a working capital deficit of $264,446.

 

Cash Used in Operating Activities

 

Cash used in operating activities was $23,117 for 2010.  We anticipate that cash used in operating activities will increase in 2011 as discussed under "Plan of Operations.

 

Cash from Financing Activities


We have funded our business to date primarily from sales of our common stock.  From our inception, on June 21, 2010, to September 30, 2010, we have raised a total of $105,000 from private offerings of our securities.


We have not attained profitable operations and are dependent upon obtaining financing to pursue marketing and distribution activities.  For these reasons, our independent auditors report contains a note that there is substantial doubt that we will be able to continue as a going concern.

 

Changes In and Disagreements with Accountants

 

We have had no changes in or disagreements with our accountants.

 

Available Information

 

We have filed a registration statement on Form S-1 under the Securities Act of 1933 with the Securities and Exchange Commission with respect to the shares of our common stock offered through this prospectus.  This prospectus is filed as a part of that registration statement, but does not contain all of the information contained in the registration statement and exhibits.  Statements made in the registration statement are summaries of the material terms of the referenced contracts, agreements or documents of the company.  We refer you to our registration statement and each exhibit attached to it for a more detailed description of matters involving the company, and the statements we have made in this prospectus are qualified in their entirety by reference to these additional materials.  You may inspect the registration statement, exhibits and schedules filed with the Securities and Exchange Commission at the Commission's principal office in Washington, D.C. Copies of all or any part of the registration statement may be obtained from the Public Reference Section of the Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20549.  D.C. 20549.  Please call the Commission at 1-800-SEC-0330 for further information on the operation of the public reference rooms.

 

 

37

                
             

The Securities and Exchange Commission also maintains a web site at http://www.sec.gov that contains reports, proxy statements and information regarding registrants that file electronically with the Commission.  Our registration statement and the referenced exhibits can also be found on this site.

 

Directors, Executive Officers, Promoters and Control Persons

 

Our executive officer and directors and their ages as of the date of this prospectus is as follows:


Director:


       Name of Director               

Age


Yi Lung Lin

58


Chen Wen Hsu

52


Yi Chou Chen

41


I Jen Chen

38


Executive Officer:


       Name of Officer               

Age

                    Office_____________________


Yi Lung Lin

58

President, Chief Executive Officer, Secretary, Treasurer,

Chief Financial Officer, Principal Accounting Officer


Biographical information


Set forth below is a brief description of the background and business experience of our sole officer and our directors for the past five years.


Yi Lung Lin, Director and President, Chief Executive Officer, Secretary, Treasurer, Chief Financial Officer, Principal Accounting Officer


Since our inception on July 22, 2010, Yi Lung Lin has been our president, chief executive officer, secretary, chief financial officer, principal accounting officer and a member of the board of directors.  Mr. Lin is a Chartered Marketer (UK) cum Accountant (UK) and a banker by profession.  He is also currently a stage 2 student of the Nottingham Law School (UK), undergoing the LL.B (Hons) law degree course.  After his professional studies, he has been employed by international organizations like SKF and Nestle as their accountant.  He then ventured into the financial services businesses for more than 10 years.  In 1994, he became the duly appointed Trade Commissioner for the Republic of Vanuatu to head the Vanuatu Trade Office in New Zealand and then, to responsible for the Vanuatu Trade Office in Taiwan.  Prior to his retirement as the Vanuatu Trade Commissioner, he has been appointed by the President of the Sanma Province, Vanuatu as the Ambassador.  From June 2009 to present, Mr. Lin has been the chairman and managing director of Access Finance and Securities (NZ) Limited (AFS), a financial institution duly incorporated under the laws of New Zealand providing offshore merchant banking/investment banking services in the area associated and/or incidental to capital markets taking companies public in the US, mergers and acquisitions, securities placement agent service and underwriting securities.  He is also the President and Managing Director of other companies under the AFS Group of Companies, namely, Access Equity Capital Management Corp, USA and Access Management Consulting and Marketing Pte Ltd, Singapore.  

 

 

 

38

                
             

Chen Wen Hsu, Director


Mr. Hsu has been our director since our inception on July 22, 2010.  He is a chemical engineer by profession.  In 1978, he obtained his bachelor degree in chemical engineering from the Minghsin University of Science Technology, Taiwan.  From September 1981 to April, 1985, he was employed by Yu Lon Automobile Co Ltd, Taiwan as a chemical engineer responsible for quality control.  In addition, between 1983 and 2003, he has been actively involved in direct sales activities.  From a Dealer to an Emerald Distributor for AMWAY MLN Co Ltd, Taiwan (1983/1985), he became a Distributor and then promoted to a Manager with King Shop Direct Marketing, Taiwan (1986/1990) and subsequently a Director with Gobo Group Co Ltd, Taiwan (2000/2003).  He then became a Manager for Chunghwa United Telecom Communication Co Ltd, Taiwan from October 2004 to March 2008 responsible for group training programs.  In 2010, he became the General Manager for Jia Tang Co Ltd, Taiwan an associated company of Origo Biochemical Technologies, Inc, Taiwan that export enzyme products manufactured by Origo.  He is now the General Manager of Taiwan Cell Energy Enzymes Corporation, Taiwan, a marketing and distribution company appointed by us as the country sole distributor for our range of enzyme product for human consumption in the territory of Republic of China (Taiwan).


Yi Chou Chen, Director


Mr. Chen is an industrial design engineer by profession.  He obtained a bachelor degree in industrial design after graduating from the Tunghai University, Taiwan in 1993.  In 2001, he started MISO Concept and Design Studio and became the President till to-date.  In 2004, he became the President and Director of Genufood Co. Ltd, Taiwan, Jia Tang Co Ltd, Taiwan and Long-Health Bio-Organic Products, Inc, Taiwan, all of which are associated with enzyme products manufactured by Origo Biochemical Technologies, Inc and the distribution of same in Taiwan and for exports.


I Jen Chen, Director


Mr. Chen is an industrial engineer by profession.  He obtained a bachelor degree in industrial engineering in 1995 after graduating from the Feng Chia University, Taiwan.


Between July 1993 and September 1995, he was employed by Guo Ye Co Ltd, Taiwan as an Administrative Assistant.  He became the Financial Officer of Genufood International Co Ltd, Taiwan from July 2000 to January 2001.  From January 2001 to present, Mr. Chen is the General Manager of Origo Biochemical Technologies Co Ltd, Taiwan.


Independent Directors


The rules of the SEC require that we, because we are not listed on any national securities exchange, choose a definition of director independence for purposes of determining which directors are independent.  We have chosen to follow the definition of independence as determined by the Marketplace Rules of The Nasdaq National Market (NASDAQ).  Pursuant to NASDAQs definition, Hsu Chen Wen, Chen Yi Chou and Chen I. Jen are independent directors.


Term of Office


Our officers and our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws.

 

 

 

39

                
             

Significant Employees

 

There are no persons other than our officers and directors above are expected by us to make a significant contribution to our business.

 

Executive Compensation

 

Summary Compensation Table

The table below summarizes all compensation awarded to, earned by or paid to our executive officer by any person for all services rendered in all capacities to us for the fiscal period from our inception on June 21, 2010 to September 30, 2010(our fiscal year end).

 

 

 

 

 

 

 

 

 

 

 

   SUMMARY COMPENSATION TABLE   




Name

and

Principal

Position



Year

Salary

FY 2010

($)



Bonus

($)



Stock

Awards

($)(1)



Option

Awards

($)(1)



Non-Equity

Incentive

Plan

Compensation

($)

Change in

Pension

Value and

Nonqualified

Deferred

Compensation

Earnings

($)



All

Other

Compensation

($)



Total

($)

 

Yi Lung Lin, President,

CEO, Secretary, Treasurer,

CFO, Principal Accounting

Officer and Director

2010




None

None

None

None

None

None

None

None

 

Chen Wen Hsu, Director

2010




None

None

None

None

None

None

None

None

 

Yi Chou Chen, Director

2010




None

None

None

None

None

None

None

None

 

I Jen Chen, Director

2010




None

None

None

None

None

None

None

None

 


Stock Option Grants

We have not granted any stock options to the executive officers since our inception.

 

 

40

                
             

Employment Agreements

We do not have any employment agreements.

 

Security Ownership of Certain Beneficial Owners and Management

 

The following tables set forth the ownership, as of the date of this Prospectus, of our common stock by each person known by us to be the beneficial owner of more than 5% of our outstanding common stock, our directors, and our executive officers and directors as a group.  To the best of our knowledge, the persons named have sole voting and investment power with respect to such shares, except as otherwise noted.  There are not any pending or anticipated arrangements that may cause a change in control.

The information presented below regarding beneficial ownership of our voting securities has been presented in accordance with the rules of the Securities and Exchange Commission and is not necessarily indicative of ownership for any other purpose.  Under these rules, a person is deemed to be a "beneficial owner" of a security if that person has or shares the power to vote or direct the voting of the security or the power to dispose or direct the disposition of the security.  A person is deemed to own beneficially any security as to which such person has the right to acquire sole or shared voting or investment power within 60 days through the conversion or exercise of any convertible security, warrant, option or other right.  More than one person may be deemed to be a beneficial owner of the same securities.  The percentage of beneficial ownership by any person as of a particular date is calculated by dividing the number of shares beneficially owned by such person, which includes the number of shares as to which such person has the right to acquire voting or investment power within 60 days, by the sum of the number of shares outstanding as of such date plus the number of shares as to which such person has the right to acquire voting or investment power within 60 days.  Consequently, the denominator used for calculating such percentage may be different for each beneficial owner.  Except as otherwise indicated below and under applicable community property laws, we believe that the beneficial owners of our common stock listed below have sole voting and investment power with respect to the shares shown.  The mailing address for all persons is Two Allen Center, 1200 Smith Street, Suite 1600, Houston, Texas 77002, United States of America.

Shareholders

Number of Shares

Percentage


Yi Lung Lin (1)

100,000,000

42.9%


I-Jen Chen (2)

20,010,000

8.6%


Yi-Chou Chen (3)

20,010,000

8.6%


Chen-Wen Hsu (4)

6,000,000

2.6%


All directors and executive officers as a group [4 persons]

146,020,000

62.6%


Huei-Ling Wang (5)

38,625,000

16.6%


(1)

Yi Lung Linisour President.  Mr. Lins beneficial ownership includes 50,000,000 shares held by Access Equity Capital Management Corp. and 50,000,000 shares held by Access Finance and Securities (NZ) Limited, both companies which Mr. Lin has voting and investment control over.

(2)

I-Jen Chen is a director on our Board of Directors.

(3)

Yi-Chou Chen is a director on our Board of Directors.

(4)

Chen Wen Hsu is a director on our Board of Directors.  Mr. Hsus beneficial ownership includes 6,000,000 shares held in his own name and 25,000,000 shares held by Taiwan Cell Energy Enzymes Corp., a company Mr. Hus has voting and investment control over.

(5)

Huei-Ling Wang is the wife of our President Yi Lung Lin.

 

 

41

                
             

This table is based upon information derived from our stock records.  Unless otherwise indicated in the footnotes to this table and subject to community property laws where applicable, each of the shareholders named in this table has sole or shared voting and investment power with respect to the shares indicated as beneficially owned.  Applicable percentages are based upon 233,308,472 shares of common stock outstanding as of January 12, 2010. 

 

Certain Relationships and Related Transactions

 

None of the following parties has, since our date of incorporation, had any material interest, direct or indirect, in any transaction with us or in any presently proposed transaction that has or will materially affect us:

·

Any of our directors or officers;

·

Any person proposed as a nominee for election as a director;

·

Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;

·

Our sole promoter, Yi Lung Lin;

·

Any relative or spouse of any of the foregoing persons who has the same house as such person;

·

Immediate family members of directors, director nominees, executive officers and owners of 5% or more of our common stock.

 

Disclosure of Commission Position of Indemnification for

Securities Act Liabilities

 

Our sole officer and our directors are indemnified as provided by the Nevada Revised Statutes and our Bylaws.  We have been advised that in the opinion of the Securities and Exchange Commission indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to court of appropriate jurisdiction.  We will then be governed by the court's decision.

 

 

42

                
            

Financial Statements


INDEX TO FINANCIAL STATEMENTS


 Report of Independent Registered Public Accounting Firm

F-1

 Balance Sheet

F-2

 Statement of Operations

F-3

 Statement of Stockholders' Deficit

F-4

 Statement of Cash Flows

F-5

 Notes to the Financial Statements

F-6

  

 

 

43

                
            

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors

Genufood Energy Enzymes Corporation

(A Development Stage Company)

 

We have audited the accompanying balance sheet of Genufood Energy Enzymes Corporation (a development stage company) as of September 30, 2010, and the related statement of operations, changes in stockholders' deficit, and cash flows for the period from June 21, 2010 (inception) through September 30, 2010.  These financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audit. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion. 

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Genufood Energy Enzymes Corporation as of September 30, 2010, and the results of its operations, changes in stockholders' deficit and cash flows for the period described above in conformity with accounting principles generally accepted in the United States of America. 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 2 to the financial statements, the Company has suffered a loss from operations since inception and had negative working capital as of September 30, 2010, which raises substantial doubt about its ability to continue as a going concern.  Management's plans regarding those matters also are described in Note 2.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 

/S/ M&K CPAS, PLLC

 

www.mkacpas.com

Houston, Texas

January 17, 2011

 

 

 

F-1

                
            

GenuFood Energy Enzymes Corp.

(A Development Stage Company)

BALANCE SHEET

As of September 30, 2010



September 30,

2010

Assets



Cash


 $               38,677

Prepaid expenses


                    6,438

Total current assets


                  45,115




Total assets


 $               45,115




Liabilities and stockholders' (deficit)



Current liabilities



    Accounts payable


 $             257,267

    Due to related party


                  52,294

Total current liabilities


                309,561




Total liabilities


                309,561




Stockholders' equity (deficit)



Common Stock, $0.001 par, 500,000,000 shares authorized, 208,308,472 shares issued and outstanding


                  208,308

Additional Paid in Capital


(448,808)

Deficit accumulated during development stage


             (23,946)

Total stockholders' (deficit)


             (264,446)




Total liabilities and stockholders'(deficit)


 $               45,115



The accompanying notes are an integral part of these financial statements.

 

 

 

F-2

                
            

GenuFood Energy Enzymes Corp.

(A Development Stage Company)

STATEMENT OF OPERATIONS

From Inception (June 21, 2010) To September 30, 2010



From Inception

(June 21, 2010)

to Sept 30, 2010

Revenue



Revenue


 $                         -   

Total Revenue


                          -   




Expenses



   Bank service charge


                         130

   Computer and internet expenses


                         151

   Filing fee


                         838

   License and permits


                      2,945

   Meals and entertainment


                         561

   Office supplies


                           31

   Rent expense


                         791

   Transfer Agent Fees


                    10,000

   Professional fee


                  8,500

Total operating expenses


                 23,947




Other income and expense



   Interest income


                             1




Net loss


 $             (23,946)

Weighted average number of common sharesoutstanding-basic and diluted


               185,978,699

Net loss per share-basic and diluted


 $                   (0.00)



The accompanying notes are an integral part of these financial statements.



 

F-3

                
            

GenuFood Energy Enzymes Corp.

(A Development Stage Company)

STATEMENTS OF STOCKHOLDERS' DEFICIT

From Inception (June 21, 2010) To September 30, 2010

 
   

Common

     

Accumulated

   

 

 

Shares

 

Amount

 

Additional

Paid-in Capital

 

Deficit

During the

Development Stage

 

Total

Common stock issued for cash


308,472


$       308


$   46,692


$                      -   


$   47,000

Common stock issued to founders for cash


58,000,000


    58,000


-   


-   


     58,000

Capital contributions from related party

-   

-   

    4,500

-   

    4,500

Common stock issued for offering costs


150,000,000


  150,000


 (150,000)


-   


                -   

Cash paid for offering costs


-   


                 -   


 (100,000)


-   


   (100,000)

Cash owed for offering costs


-   


                 -   


 (250,000)


-   


   (250,000)

Net Loss


                      -   


-   


-   


                  (23,946)


          (23,946)

Balance Sept. 30, 2010


  208,308,472


 $208,308


 $(448,808)


 $         (23,946)


 $  (264,446)

 


  









The accompanying notes are an integral part of these financial statements.

 

 

 

F-4

                
            

GenuFood Energy Enzymes Corp.

(A Development Stage Company)

STATEMENT OF CASHFLOWS

From Inception (June 21, 2010) To September 30, 2010



From Inception

(June 21, 2010)

to Sept 30, 2010

Operating activities



    Net loss


 $               (19,446)

Adjustment to reconcile net loss to net cash



used by operating activities:



Change in operating assets and liabilities:



    Increase in prepaid expenses


                      (6,438)

    Increase in accounts payable


                     7,267




Net cash used in operating activities


                  (18,617)




Financing activities



    Proceeds from sale of common shares


47,000

Proceeds from sale of common shares to founders


58,000

Cash paid for offering costs


(100,000)

    Advances from related party


                       52,294

Net cash provided in financing activities


                     57,294




Net increase (decrease ) in cash


                       38,677

Cash at beginning period


                                -   

Cash at end of period


 $                    38,677




Supplemental disclosure of cash flow information:



Cash paid during the period for:



Interest


                                -   

Income taxes


                                -   

Non-Cash Investing and Financing Activities


                                -   

Cash owed for offering costs


$              250,000

Shares issued for offering costs


$              150,000



The accompanying notes are an integral part of these financial statements.

 

 

 

F-5

                
            

GenuFood Energy Enzymes Corp.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

September 30, 2010


NOTE 1- BASIS OF PRESENTATION AND SIGNIFICENT ACCOUNTING POLICIES


Organization and Business Operations


GenuFood Energy Enzymes Corp., USA (the Company or GEEC) was incorporated under the laws of the State of Nevada on June 21, 2010. GEEC is a start-up company and its main focus is to promote, market, distribute and export a range of enzyme products for human and animal consumption manufactured in Taiwan and Unites States to the Asian market. The Company is the owner of the following brand or trademarks, Cellax, Medilax, Armilax, Anilax and Anitra-XO.


Its goal is to commence marketing and distribution of Taiwanese and American range of enzyme products for human and animal consumption to country sole distributors, wholesalers, dealers and retailers, as well as to the general public following the Companys Multi Level Marketing Franchise Investor Dealer Related (MLM-FIDR) concept, to begin with, in Taiwan, and then to China, Hong Kong, Macau, Thailand, Malaysia, Singapore and Sri Lanka.


The Company is in its development stage with no significant revenues. The Companys initial operations include organization, capital formation, target markets identification and developing marketing plans.   


The Companys fiscal year end is September 30.


Development Stage Activities


The accompanying financial statements have been prepared in accordance with ASC  915-10-05, Development Stage Entities.  A development- stage company is one in which planned principal operations have not commenced or, if its operations have commenced, there have been no significant revenues.


Use of Estimates


The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (US GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  


Cash and Cash Equivalents


The Company considers deposits that can be redeemed on demand and investments that have original maturities of less than three months, when purchased, to be cash equivalents.  There were no cash equivalents at September 30, 2010.

 

 

 

F-6

                
            

Revenue Recognition


Our revenues will be generated from commission received as sales agent for a related party and sales of enzyme products under private label.


(i)

Related party commissions – the Company acts as sole sales agent for the related party within the territories of Thailand. The related party is responsible for shipping the products directly to customers and provides shipment information to the Company. Commissions earned are calculated at 7% of the total value of the products exported and invoiced by the related party.  We recognize the revenues when we receive the shipment information from the related party and shipment from the related party to the customer is complete.


(ii)

Sales of enzyme products under private label we apply paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned less estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the products have been shipped to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured.


Income Taxes

The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not.

 

    

2010

Deferred Tax assets:

Net operating loss carried forward $ 8,142
 
Less:  Valuation allowance (8,142)
 
Gross deferred tax asset $ -


In assessing the ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized.  Based upon the level of losses and projections of the future taxable income over the periods in which the deferred tax assets are deductible, a full valuation allowance has been provided as management believes that it is more likely than not, based upon available evidence, that the deferred tax assets will not be realized.


As of September 30, 2010, the Company has federal and state net operating loss carry forwards of $23,946.  The effective tax rate for fiscal year 2010 is 34%. The federal and state net operating loss carry forwards will begin to expire in 2030.  The Companys ability to utilize net operating loss carry forwards may be limited in the event that a change in ownership, as defined in the Internal Revenue Code, occurs in the future.

 

 

 

F-7

                
            

Recently Issued and Newly Adopted Accounting Pronouncements


In April 2010, the Financial Accounting Standards Board (the FASB) issued new accounting guidance to clarify that an employee share-based payment award with an exercise price denominated in the currency of the market in which a substantial portion of the entitys equity securities trades should not be considered to contain a condition that is not a market, performance, or service condition. Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as equity. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2010. The Company does not expect adoption of this standard will have an effect on our consolidated results of operation or our financial position.

 

In April 2010, the FASB issued new accounting guidance in applying the milestone method of revenue recognition to research or development arrangements. Under this guidance management may recognize revenue contingent upon the achievement of a milestone in its entirety, in the period the milestone is achieved, only if the milestone meets all the criteria within the guidance to be considered substantive. This standard is effective on a prospective basis for research and development milestones achieved in fiscal years, beginning on or after June 15, 2010. Early adoption is permitted; however, adoption of this guidance as of a date other than January 1, 2011 will require the Company to apply this guidance retrospectively effective as of January 1, 2010 and will require disclosure of the effect of this guidance as applied to all previously reported interim periods in the fiscal year of adoption. As the Company plans to implement this standard prospectively, the effect of this guidance will be limited to future transactions. The Company does not expect adoption of this standard to have a material impact on its financial position or results of operations as it has no material research and development arrangements which will be accounted for under the milestone method.


In January 2010, the FASB issued new accounting guidance which requires new disclosures regarding transfers in and out of Level 1 and Level 2 fair value measurements, as well as requiring presentation on a gross basis of information about purchases, sales, issuances and settlements in Level 3 fair value measurements. The guidance also clarifies existing disclosures regarding level of disaggregation, inputs and valuation techniques. The new guidance is effective for interim and annual reporting periods beginning after December 15, 2009. Disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements are effective for fiscal years beginning after December 15, 2010. As this guidance requires only additional disclosure, there should be no impact on the financial statements of the Company upon adoption.


In October 2009, a new accounting consensus was issued for multiple-deliverable revenue arrangements. This consensus amends existing revenue recognition standards. This consensus provides accounting principles and application guidance on whether multiple deliverables exits, how the arrangement should be separated and the consideration allocated. This guidance eliminates the requirement to establish fair value of undelivered products and services and instead provides for separate revenue recognition based upon managements estimate of the selling price for an undelivered item when there is no other means to determine the fair value of that undelivered item. Previously the existing accounting consensus required that fair value of the undelivered item be the price of the item either sold in a separate transaction between unrelated third parties or the price charges for each item when the item is sold separately by the vendor. Under the existing accounting consensus, if the fair value of all the elements in the arrangement are not determinable, then revenue was deferred until all of the items were delivered or fair value was determined. This new approach is effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 1, 2010. The Company does not expect adoption of this standard to have a material impact on its financial position or results of operations as it has no such revenue arrangements.


Other recent accounting pronouncements issued by the FASB (including the Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by Management to have a material impact on the Companys present or future financial statements.

 

 

 

F-8

                
            

Loss per Common Share


Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period.  Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period.  The Company does not have any potentially dilutive instruments for this reporting period.


NOTE 2 GOING CONCERN


The Company is a development stage company and has incurred net loss of $23,946 and negative working capital of $264,446 since inception.  The Companys ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due.  


Management’s plan includes obtaining additional funds by equity financing through the participation of its country sole distributors, wholesalers, dealers and retailers in the Multi Level Marketing – Franchise Investor Dealer Related (MLM-FIDR) concept; however there is no assurance of additional funding being available.  These circumstances raise substantial doubt about the Company’s ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty.


Due to the start-up nature of the Company, the Company expects to incur additional losses in the immediate future. To date, the Companys cash flow requirements have been primarily met through advances from related parties and proceeds from sale of common stock. The ability of the Company to emerge from the development stage is dependent upon the Company's successful efforts to raise sufficient capital and then attaining profitable operations.


NOTE 3 FAIR VALUE


The Company has categorized its assets and liabilities recorded at fair value based upon the fair value hierarchy specified by GAAP.  All assets and liabilities are recorded at historical cost which approximates fair value, and therefore, no items were valued according to these inputs.


The levels of fair value hierarchy are as follows:


o

Level 1 - inputs utilize unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access;


o

Level 2 - inputs utilize other-than-quoted prices that are observable, either directly or indirectly.  Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs such as interest rates and yield curves that are observable at commonly quoted intervals; and


o

Level 3- inputs are unobservable and are typically based on our own assumptions, including situations where there is little, if any, market activity.


In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, the Company categorizes such financial asset or liability based on the lowest level input that is significant to the fair value measurement in its entirety.  Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

 

 

 

F-9

                
            

Both observable and unobservable inputs may be used to determine the fair value of positions that are classified within the Level 3 category.  All assets and liabilities are at cost which approximates fair value and there are not items that were required to be valued on a non-recurring basis.  


NOTE 4 EQUITY

 

The total number of shares of capital stock which the Company shall have authority to issue is 500,000,000. These shares are divided into one class of 500,000,000 shares designated as common stock at $0.001 par value (Common Stock).


Holders of shares of Common Stock shall be entitled to cast one vote for each share held at all stockholders meetings for all purposes, including the election of directors.  The Common Stock does not have cumulative voting rights.


No holder of shares of stock of any class shall be entitled as a matter of right to subscribed for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

 

During the period ending September 30, 2010, the Company received a total of $4,500 of contributions from a related party.

 

As of September 30, 2010, the Company issued a total of 208,308,472 shares of Common Stock to forty seven stockholders.

 

On July 6, 2010, 150,000,000 shares were issued to a consultant for services directly related to the S-1 registration and offering. These shares were valued at $0.25 per share and recorded as a reduction to additional paid in capital due to it being an offering cost of the future S-1 offering.  In addition to the shares issuance, the Company also paid cash $100,000 to the consultant for the offering costs. As of September 30, 2010, the Company still owed the consultant $250,000.

 

On July 6, 2010, the Company received stock subscriptions from investors at various prices;

 

·         58,000,000 shares of Common Stock sold to twelve stockholders being the founder member, at a purchase price of $0.001 per share for cash received  of $58,000,

·         113,333 shares of Common Stock sold to eleven stockholders at a price of $0.10 for cash received  of $11,300,

·         106,672 shares of Common Stock sold to sixteen stockholders at a price of $0.15 per share for cash received  of $16,000,

·         50,000 shares of Common Stock sold to two stockholders at a price of $0.20 per share for cash received  of $10,000,

·         38,800 shares of Common Stock sold to eight stockholders at a price of $0.25 per share for cash received  of $9,700.

 

During the period ended September 30, 2010, all the entire 208,308,472 shares of the Common Stock still remain with the respective stockholders.

 

 

 

F-10

                
            

NOTE 5 RELATED PARTY TRANSACTIONS


On July 10, 2010, the Company sold 20,000 shares of common stock at $0.25 a share to its directors for a total consideration of $5,000.


The CEO of the Company is the managing director of consulting company, who provides consulting services for the Company.


On September 7, 2010, the Company received advances total $30,000 from a related party.


As of September 30, 2010, the Companys director advanced funds total $22,294 to the Company for its working capital.

 

During the period ending September 30, 2010, the Company received a total of $4,500 of contributions from a related party.

 

NOTE 6-COMMITMENTS


The Company leased a virtual office. The lease term is from July 14, 2010 through July 31, 2011 and renewable annually.  Below is the future 5 year lease schedule:

 

2011

                       $2,190

2012 - 2015

                               -

 

NOTE 7-SUBSEQUENT EVENTS


On October 15, 2010, the Company sold 25,000,000 shares of Common stock at a price of $0.008 per share for a total of $200,000.


During October, 2010, the Company paid off the advances of $22,294 to the director and $30,000 to the related party.


On December 15, 2010, the Company received $100,000 from Taiwan Cell Energy Enzymes Corporation being further payment of their investment in the Companys business.


On December 30, 2010, the Company received $100,000 from Taiwan Cell Energy Enzymes Corporation being further payment of their investment in the Companys business.

 

 

 

F-11

                
            

Part II

Information Not Required In the Prospectus

Other Expenses of Issuance and Distribution

The estimated costs of this offering are as follows:

Securities and Exchange Commission registration fee

$

232.90

Accounting fees and expenses

$

5,000.00

Legal fees and expenses

$

40,000.00

Edgar filing fees

$

1,000.00

Miscellaneous expenses

$

3,767.10

Total

$

50,000.00

* All amounts are estimates other than the Commission's registration fee.

 

We are paying all expenses of the offering listed above.  No portion of these expenses will be borne by the selling shareholders.  The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale.

 

Indemnification of Directors and Officers

 

Our sole officer and our directors are indemnified as provided by the Nevada Revised Statutes and our bylaws.

 

Under the NRS, director immunity from liability to a company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation that is not the case with our articles of incorporation.  Excepted from that immunity are:

(1) a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
 
(2) a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);

 

 

 

 

(3)

a transaction from which the director derived an improper personal profit; and

 

 

 

 

(4)

willful misconduct.  

 

 

44

                
            
Our bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided, further, that we shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless:

 

(1)

such indemnification is expressly required to be made by law;

 

(2)

the proceeding was authorized by our Board of Directors;

 

(3)

such indemnification is provided by us, in our sole discretion, pursuant to the powers vested us under Nevada law; or

 

(4)

such indemnification is required to be made pursuant to the bylaws.

 

Our bylaws provide that we will advance all expenses incurred to any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was our director or officer, or is or was serving at our request as a director or executive officer of another company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request.  This advance of expenses is to be made upon receipt of an undertaking by or on behalf of such person to repay said amounts should it be ultimately determined that the person was not entitled to be indemnified under our bylaws or otherwise.

 

Our bylaws also provide that no advance shall be made by us to any officer in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made: (a) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding; or (b) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision- making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to our best interests.

 

 

45

                
            

Recent Sales of Unregistered Securities

On July 6, 2010, the Company received stock subscriptions from investors at various prices;

 

·         58,000,000 shares of Common Stock sold to twelve stockholders being the founder member, at a purchase price of $0.001 per share for cash received  of $58,000,

·         113,333 shares of Common Stock sold to eleven stockholders at a price of $0.10 for cash received  of $11,300,

·         106,672 shares of Common Stock sold to sixteen stockholders at a price of $0.15 per share for cash received  of $16,000,

·         50,000 shares of Common Stock sold to two stockholders at a price of $0.20 per share for cash received  of $10,000,

·         38,800 shares of Common Stock sold to eight stockholders at a price of $0.25 per share for cash received  of $9,700.

 

All of the above shares were issued pursuant to private placements that were exempt from registration provided under Regulation S of the Securities Act of 1933.  Our reliance upon the exemption under Rule 903 of Regulation S of the Securities Act was based on the fact that the sale of the securities was completed in an "offshore transaction, as defined in Rule 902(h) of Regulation S.  We did not engage in any directed selling efforts, as defined in Regulation S, in the United States in connection with the sale of the securities.  Each investor was not a US person, as defined in Regulation S, and was not acquiring the securities for the account or benefit of a US person.

 

Exhibits

Exhibit

 

Number

 

Description

3.1

Articles of Incorporation

3.2


By-Laws

5.1


Legal Opinion of Dean Law Corp., with consent to use

23.1

 

Consent of M&K CPAS, PLLC

99.1


Form of Subscription Agreement

 

 

 

46

                
            

The undersigned registrant hereby undertakes:

1.

To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

 

 

 

 


(a)

To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

 

 

 

 

 


(b)

 

 

 

 

To reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; Notwithstanding the forgoing, any increase or decrease in Volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the commission pursuant to Rule 424(b)if, in the aggregate, the changes in the volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the effective registration statement.

 

 

 

 

 


(c)

To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in the registration statement.

 

 

 

 

 

2.

That, for the purpose of determining any liability under the


Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

 

3.

To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering.

 

 

4.

 

 

 

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to officers, directors, and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities is asserted our director, officer, or other controlling person in connection with the securities registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction.  We will then be governed by the final adjudication of such issue.

 

 

5.

 

 

 

 

Each prospectus filed pursuant to Rule 424(b) as part of a Registration statement relating to an offering, other than registration statements relying on Rule 430(B) or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness.  Provided; however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by referenced into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.

 

In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling person sin connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.

 

 

47

                
            

Signatures

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Houston, State of Texas, on the 20th  day of January, 2011.

Genufood Energy Enzymes Corp.

By:/s/ Yi Lung Lin
Yi Lung Lin
President, Chief Executive Officer,
Secretary, Treasurer, Principal
Accounting Officer, Chief
Financial Officer and Director

 

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates stated.

 

SIGNATURE                                    

CAPACITY IN WHICH SIGNED

DATE

 

 

 

/s/ Yi Lung Lin

   President, Chief Executive

January 20, 2011

Yi Lung Lin

   Officer, Secretary, Treasurer,

 

 

   Principal Accounting Officer,

 

 

   Principal Financial Officer

 

 

   and Director

 

 

 

 

 

/s/ Chen Wen Hsu

  

   Director

 

January 20, 2011

Chen Wen Hsu

 

 

 

 

 

 

/s/ Yi Chou Chen

   Director

January 20, 2011

Yi Chou Chen

 

 

 

 

 

 

/s/ I Jen Chen

   Director

January 20, 2011

I Jen Chen

 

 

 

 

 

  

 

 

 

48