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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported)
January 26, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;<B>SHC ADVANCE SERVICES INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;(Exact Name of Registrant as Specified
in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 32%; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Delaware</TD>
    <TD STYLE="width: 2%; border-bottom: white 3pt solid; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">4885023</TD>
    <TD STYLE="width: 2%; border-bottom: white 3pt solid; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">27-3819428</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or Other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of Incorporation)</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">File Number)</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 66%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">c/o Ellenoff Grossman &amp; Schole LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">150 East 42<SUP>nd</SUP> Street</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York New York</P></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">10017</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code: (212)
370-1300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">5/F Chinachem Century Tower</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">178 Gloucester Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Wanchai, Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">(Former Name or Former Address,
if Changed Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 66pt; text-align: left"><B>Item 4.01</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Changes in Registrant&rsquo;s Certifying Accountant.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">On January 31, 2012, the
Board of Directors of SHC Advance Services Inc. (the &ldquo;Company&rdquo;) dismissed the Company&rsquo;s independent registered
public accountant, Albert Wong &amp; Co.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">In connection with the
audits of the fiscal years ended October 31, 2010 and through January 31, 2012, no disagreements exist with Albert Wong &amp; Co.
on any matter of accounting principles or practices, financial statement disclosure, internal control assessment, or auditing scope
or procedure, which disagreements if not resolved to the satisfaction of Albert Wong &amp; Co. would have caused them to make reference
in connection with their report to the subject of the disagreement(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">Albert Wong &amp; Co.&rsquo;s
report on the financial statements of the Company for the year ended October 31, 2010 did not contain an adverse opinion or a disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">The Company has authorized
Albert Wong &amp; Co. to respond fully to any inquiries of the new auditors hired by the Company relating to their engagement as
the Company&rsquo;s independent accountant. The Company has requested that Albert Wong &amp; Co. review the disclosure herein and
has been given the opportunity to furnish the Company with a letter addressed to the Commission containing any new information,
clarification of the Company's expression of its views, or the respect in which it does not agree with the statements made by the
company herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">On February 1, 2012, the
Company&rsquo;s Board of Directors approved the appointment of Rothstein Kass as the Company&rsquo;s independent registered public
accountant. The decision to engage Rothstein Kass was approved by the Company&rsquo;s board of directors. Prior to February 1,
2012, the Company did not consult with Rothstein Kass regarding (1) the application of accounting principles to a specified transactions,
(2) the type of audit opinion that might be rendered on the Company&rsquo;s financial statements, (3) written or oral advice was
provided that would be an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial
reporting issues, or (4) any matter that was the subject of a disagreement between the Company and its predecessor auditor as described
in Item 304(a)(1)(iv) or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 66pt; text-align: left"><B>Item 5.01</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Changes in Control of Registrant.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">Pursuant to a securities
purchase agreement (the &ldquo;Agreement&rdquo;), by and among Keeler Global Investors Ltd. (&ldquo;Keeler&rdquo;), Triglobal Investments
Ltd. (&ldquo;Triglobal&rdquo;) and Ellenoff Grossman &amp; Schole LLP (&ldquo;EGS&rdquo;), on January 26, 2012, Keeler and Triglobal,
the two stockholders of the Company, sold all of the shares of common stock of the Company they hold to EGS in consideration for
legal services rendered. Following consummation of the transactions contemplated by the Agreement, EGS holds 100.0% of the voting
securities of the Company. The transaction may be deemed to have resulted in a change in control of the Company from Keeler and
Triglobal to EGS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">In connection with the
change in control, Messrs. Victor Chang and Hoffman Chong, the Company&rsquo;s two directors, resigned from their positions as
directors of the Company effective immediately upon the consummation of the transactions contemplated by the Agreement. In addition,
Messrs. Barry I. Grossman, Douglas S. Ellenoff and David Selengut were elected as directors of the Company by all the stockholders
of the Company effective immediately upon the consummation of the transactions contemplated by the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">Information in response
to this Item 5.01 below is keyed to the item numbers of Form 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 44pt; text-align: left"><B>Item 1.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify; padding-left: 11pt"><B>Business.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">SHC was incorporated in
the State of Delaware on October 14, 2010. &nbsp;Since inception, the Company has been engaged in organizational efforts and obtaining
initial financing. &nbsp;The Company was formed as a vehicle to pursue a business combination. &nbsp; The business purpose of the
Company is to seek the acquisition of, or merger with, an existing company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 44pt; text-align: left"><B>Item 1A.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify; padding-left: 11pt"><B>Risk Disclosures.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are a smaller reporting
company and are not required to make disclosures under this Item.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Business of Issuer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company, based on proposed
business activities, is a &ldquo;blank check&rdquo; company.&nbsp;The U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
defines those companies as &ldquo;any development stage company that is issuing a penny stock, within the meaning of Section 3
(a)(51) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), and that has no specific business
plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies.&rdquo;&nbsp;&nbsp;Under
SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a &ldquo;shell company,&rdquo; because it has no or nominal
assets (other than cash) and no or nominal operations. &nbsp;Many states have enacted statutes, rules and regulations limiting
the sale of securities of &ldquo;blank check&rdquo; companies in their respective jurisdictions. Management does not intend to
undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded
a business combination.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company was organized
as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages
of being a publicly held corporation. The Company&rsquo;s principal business is to achieve long-term growth potential through a
combination with a business rather than immediate, short-term earnings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The analysis of new business
opportunities will be undertaken by or under the supervision of the Company&rsquo;s officers. &nbsp;As of the date of this Current
Report, the Company has not entered into any agreement with any party regarding acquisition opportunities for the Company. &nbsp;The
Company has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities. In its efforts
to analyze potential acquisition targets, the Company will consider the following kinds of factors:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px; padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-left: 0.25in; text-align: justify">&middot;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">Potential for growth, indicated by new technology, anticipated market expansion or new products;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">Competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">Strength and diversity of management, either in place or scheduled for recruitment;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">Capital requirements and anticipated availability of required funds from the Company, from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">The extent to which the business opportunity can be advanced;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">The accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items; and&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">&middot;&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; text-align: justify">Other relevant factors.&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In applying the foregoing
criteria, no one of which will be controlling, management will attempt to analyze all factors and circumstances and make a determination
based upon reasonable investigative measures and available data. &nbsp;Potentially available acquisition opportunities may occur
in many different industries, and at various stages of development, all of which will make the task of comparative investigation
and analysis of such business opportunities extremely difficult and complex. Due to the Company&rsquo;s lack of capital to fund
the investigation, the Company may not discover or adequately evaluate adverse facts about the business to be acquired.&nbsp;In
addition, we will be competing against other entities that possess greater financial, technical and managerial capabilities for
identifying and completing business combinations. &nbsp;In evaluating a prospective business combination, we will conduct as extensive
a due diligence review of potential targets as possible given the lack of information that may be available regarding private companies,
our limited personnel and financial resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We expect that our due
diligence will encompass, among other things, meetings with the target business&rsquo;s incumbent management and inspection of
its facilities, as necessary, as well as a review of financial and other information which is made available to us. &nbsp;This
due diligence review will be conducted either by our management or by unaffiliated third parties we may engage. &nbsp;Our lack
of funds and the lack of full-time management will likely make it impracticable to conduct a complete and exhaustive investigation
and analysis of a target business before we consummate a business combination. &nbsp;Management decisions, therefore, will likely
be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds available
to us, would be desirable. &nbsp;We will be particularly dependent in making decisions upon information provided by the promoters,
owners, sponsors or other associated with the target business seeking our participation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The time and costs required
to select and evaluate a target business and to structure and complete a business combination cannot presently be ascertained with
any degree of certainty. Any costs incurred with respect to the evaluation of a prospective business combination that is not ultimately
completed will result in a loss to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Additionally, the Company
is in a highly competitive market for a small number of business opportunities which could reduce the likelihood of consummating
a successful business combination. We are, and will continue to be, an insignificant participant in the business of seeking mergers
with, joint ventures with and acquisitions of small private and public entities.&nbsp;A large number of established and well-financed
entities, including small public companies and venture capital firms, are active in mergers and acquisitions of companies that
may be desirable target candidates for us. &nbsp;Nearly all these entities have significantly greater financial resources, technical
expertise and managerial capabilities than we do; consequently, we will be at a competitive disadvantage in identifying possible
business opportunities and successfully completing a business combination. &nbsp;These competitive factors may reduce the likelihood
of our identifying and consummating a successful business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Form of Acquisition</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The manner in which the
Company participates in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the
Company and the promoters of the opportunity, and the relative negotiating strength of the Company and such promoters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">It is likely that the Company
will acquire its participation in a business opportunity through the issuance of common stock or other securities of the Company.
&nbsp;Although the terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria
for determining whether or not an acquisition is a so-called &ldquo;tax free&rdquo; reorganization under Section 368(a)(1) of the
Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;) depends upon whether the owners of the acquired business own
80% or more of the voting stock of the surviving entity. &nbsp;If a transaction were structured to take advantage of these provisions
rather than other &ldquo;tax free&rdquo; provisions provided under the Code, all prior stockholders would in such circumstances
retain 20% or less of the total issued and outstanding shares of the surviving entity. Under other circumstances, depending upon
the relative negotiating strength of the parties, prior stockholders may retain substantially less than 20% of the total issued
and outstanding shares of the surviving entity. This could result in substantial additional dilution to the equity of those who
were stockholders of the Company prior to such reorganization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company does not intend
to supply any disclosure to stockholders concerning a target company prior to the consummation of a business combination transaction,
unless required by applicable law or regulation. &nbsp;In the event a proposed business combination involves a change in majority
of directors of the Company without stockholder approval, the Company will file and provide to stockholders a Schedule 14F-1, which
shall include information concerning the target company, as required. The Company will file a Current Report on Form 8-K, as required,
within four business days of a business combination which results in the Company ceasing to be a shell company. &nbsp;This Form
8-K will include complete disclosure of the target company, including audited financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The present stockholder
of the Company will likely not have control of a majority of the voting securities of the Company following a reorganization transaction.
&nbsp;As part of such a transaction, all or a majority of the Company&rsquo;s directors may resign and one or more new directors
may be appointed without any vote by the stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company is searching
for a business combination by contacting various sources including, but not limited to, our affiliates, lenders, investment banking
firms, private equity funds, consultants and attorneys.&nbsp;The approximate number of persons or entities that will be contacted
is unknown and dependant on whether any opportunities are presented by the sources that we contact. &nbsp;It is anticipated that
the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure
documents and other instruments will require substantial management time and attention and substantial cost for accountants, attorneys
and others. &nbsp;If a decision is made not to participate in a specific business opportunity, the costs theretofore incurred in
the related investigation might not be recoverable. Furthermore, even if an agreement is reached for the participation in a specific
business opportunity, the failure to consummate that transaction may result in the loss to the Company of the related costs incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We presently have no employees
apart from our management. Our officers and directors&nbsp;are engaged in outside business activities and are employed on a full-time
basis by our stockholder. &nbsp;Our officers and directors anticipate that they will devote very limited time to our business until
the acquisition of a successful business opportunity has been identified. The specific amount of time that management will devote
to the Company may vary from week to week or even day to day, and therefore the specific amount of time that management will devote
to the Company on a weekly basis cannot be ascertained with any level of certainty. &nbsp;In all cases, management intends to spend
as much time as is necessary to exercise its fiduciary duties as officers and directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 2.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Financial Information.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in">Please see the Company&rsquo;s
registration statement on Form 10/A, filed on April 28, 2011, for the Company&rsquo;s audited financial statements for the fiscal
year ended October 31, 2010. The Company expects to file its annual report on Form 10-K on or before February 14, 2012.&nbsp; Please
refer to the Form 10-K for information on the Company's financial statements for the year ended October 31, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 3.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Properties.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in">The Company neither rents
nor owns any properties. The Company utilizes the office space and equipment of its management at no charge. &nbsp;The Company
currently has no policy with respect to investments or interests in real estate, real estate mortgages or securities of, or interests
in, persons primarily engaged in real estate activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 4.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Security Ownership of Certain Beneficial Owners and Management.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">The following table sets forth
information regarding the beneficial ownership based on 1,000,000 shares of our common stock outstanding as of February 1, 2012,
based on information obtained from the persons named below, with respect to the beneficial ownership of shares of our common stock
by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44px; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: left">&bull;</TD>
    <TD STYLE="text-align: left">each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: left">each of our officers and directors; and</TD></TR>
</TABLE>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44px; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: left">&bull;</TD>
    <TD STYLE="text-align: left">all our officers and directors as a group.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 24.5pt">Unless otherwise indicated,
we believe that all persons named in the table have sole voting and investment power with respect to all shares of common stock
beneficially owned by them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Name &amp;
    Address<BR>
    of Beneficial Owner</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; border-bottom: Black 1pt solid"><B>Common Stock<BR>
    Beneficially Owned</B></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; vertical-align: bottom; border-bottom: Black 1pt solid"><B>Percent of Class</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ellenoff Grossman &amp; Schole LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">150 East 42nd Street, 11th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">New York, NY 10017 (1)</P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt">1,000,000</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt">100.0%</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 22pt; text-align: left">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The management committee of Ellenoff Grossman &amp; Schole LLP may be deemed to have
voting and dispositive control with respect to the securities owned by EGS.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><B>Changes
in Control</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to Item 5.01 for a description
of the change in control of the Company as a result of the transactions disclosed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 44pt; text-align: left"><B>Item 5.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify; padding-left: 11pt"><B>Directors and Executive Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table sets
forth the name, age and position of each of our executive officers and directors as of February 1, 2012.&nbsp;&nbsp;There are no
family relationships between our executive officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 2.25pt; text-align: left; font-weight: bold">Name</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify; font-weight: bold">Age</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify; font-weight: bold; width: 58%">Position Held</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">David Selengut</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">56</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">President and Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">Barry I. Grossman</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">51</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">Chief Financial Officer, Treasurer and Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">DouglasS. Ellenoff</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">51</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 2.25pt; text-align: justify">Secretary &nbsp;and Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Mr. David Selengut, age
56, has served as President and a director since January 2012. He has been an attorney since 1982 and a member of Ellenoff Grossman
&amp; Schole LLP since 1998.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Mr. Barry I. Grossman,
age 51, has served as Chief Financial Officer and a director since January 2012. He has been an attorney since 1985 and a member
of Ellenoff Grossman &amp; Schole LLP since its founding in 1992.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Mr. Douglas S. Ellenoff,
age 51, has served as Secretary and a director since January 2012. He has been an attorney since 1987 and a member of Ellenoff
Grossman &amp; Schole LLP since its founding in 1992.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Director Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in">Our common stock is not
quoted or listed on any national exchange or interdealer quotation system with a requirement that a majority of our board of directors
be independent and therefore, the Company is not subject to any director independence requirements. Under Nasdaq Rule 5605(a)(2)(A),
a director is not considered to be independent if he or she also is an executive officer or employee of the corporation.&nbsp;&nbsp;Under
such definition our directors would not be considered independent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 6.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Executive Compensation.</B></TD>
</TR></TABLE>


<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-indent: 0.5in">The following compensation
discussion addresses all compensation awarded to, earned by, or paid to the Company&rsquo;s named executive officers. The Company&rsquo;s
officers and directors have not received any cash or other compensation since inception. They will not receive any compensation
until the consummation of an acquisition. No compensation of any nature has been paid for on account of services rendered by a
director in such capacity. Our officers and directors intend to devote very limited time, no more than five hours per week on
average, to our affairs before a suitable target company is identified.<BR>
&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">It is possible that, after
the Company successfully consummates a business combination with an unaffiliated entity, that entity may desire to employ or retain
members of our management for the purposes of providing services to the surviving entity. However, the offer of any post-transaction
employment to members of management will not be a consideration in our decision whether to undertake any proposed transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">No retirement, pension,
profit sharing, stock option or insurance programs or other similar programs have been adopted by the Company for the benefit of
its employees.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">There are no understandings
or agreements regarding compensation our management will receive after a business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company does not have
a standing compensation committee or a committee performing similar functions, since the Board of Directors has determined not
to compensate the officers and directors until such time that the Company completes a reverse merger or business combination.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 7.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Certain Relationships and Related Transactions, and Director Independence.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On November 24, 2010, we
entered into subscription agreements with Triglobal, which is wholly-owned by Victor Chang, our former President and Secretary
and a director, and Keeler, which is majority-owned by Hoffman Chong, our former Treasurer and a director, pursuant to which each
of Triglobal and Keeler purchased, effective as of October 31, 2010, 500,000 shares of our Common Stock&nbsp;at a purchase price
of $0.035 per share, or an aggregate of $35,000 in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We will reimburse our officers
and directors, subject to board approval, for any reasonable out-of-pocket business expenses incurred by them in connection with
certain activities on our behalf such as identifying and investigating possible target businesses and business combinations. There
is no limit on the amount of out-of-pocket expenses reimbursable by us, which will be reviewed only by our board of directors or
a court of competent jurisdiction if such reimbursement is challenged.&nbsp;&nbsp;Other than the reimbursable out-of-pocket expenses
payable to our officers and directors, no compensation or fees of any kind, including finders, consulting fees or other similar
compensation, including the issuance of any securities of the company, will be paid to our existing stockholders, officers or directors
who owned our common stock prior to this offering, or to any of their respective affiliates prior to or with respect to an acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 8.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Legal Proceedings.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 9.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Market Price of and Dividends on the Registrant&rsquo;s Common Equity and Related
Stockholder Matters.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Market Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Common Stock is not
trading on any stock exchange. The Company is not aware of any market activity in its Common Stock since its inception through
the date of this filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of February 1, 2012,
there was one record holder of 1,000,000 shares of the Common Stock issued and outstanding. On January 26, 2012, EGS acquired from
the Company&rsquo;s former stockholders, Triglobal and Keeler, 100% of the voting securities of the Company for legal services
rendered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Dividends</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has not paid
any cash dividends to date and does not anticipate or contemplate paying dividends in the foreseeable future. It is the present
intention of management to utilize all available funds for the development of the Company&rsquo;s business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 10.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Recent Sales of Unregistered Securities.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 11.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Description of Registrant&rsquo;s Securities to be Registered.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 12.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Indemnification of Directors and Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Section&nbsp;145 of the Delaware
General Corporation Law provides that a corporation may indemnify directors and officers as well as other employees and individuals
against expenses including attorneys' fees, judgments, fines and amounts paid in settlement in connection with various actions,
suits or proceedings, whether civil, criminal, administrative or investigative other than an action by or in the right of the corporation,
a derivative action, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests
of the corporation, and, with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct
was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses
including attorneys' fees incurred in connection with the defense or settlement of such actions, and the statute requires court
approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation.
The statute provides that it is not exclusive of other indemnification that may be granted by a corporation's certificate of incorporation,
bylaws, agreement, a vote of stockholders or disinterested directors or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Amended
and Restated Certificate of Incorporation provides that it will indemnify and hold harmless, to the fullest extent permitted by
Section 145 of the Delaware General Corporation Law, as amended from time to time, each person that such section grants us the
power to indemnify.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Delaware General Corporation
Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally
liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability
for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: justify">&bull;</TD>
    <TD STYLE="text-align: justify">any breach of the director's duty of loyalty to the corporation or its stockholders;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&bull;</TD>
    <TD STYLE="text-align: justify">acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;</TD></TR>
</TABLE>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: justify">&bull;</TD>
    <TD STYLE="text-align: justify">payments of unlawful dividends or unlawful stock repurchases or redemptions; or</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&bull;</TD>
    <TD STYLE="text-align: justify">any transaction from which the director derived an improper personal benefit.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Amended
and Restated Certificate of Incorporation provides that, to the fullest extent permitted by applicable law, none of our directors
will be personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director. Any repeal
or modification of this provision will be prospective only and will not adversely affect any limitation, right or protection of
a director of our company existing at the time of such repeal or modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 13.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Financial Statements and Supplementary Data.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Please see the Company&rsquo;s
registration statement on Form 10/A, filed on April 28, 2011, for the Company&rsquo;s audited financial statements for the fiscal
year ended October 31, 2010. The Company expects to file its annual report on Form 10-K on or before February 14, 2012.&nbsp; Please
refer to the Form 10-K for information on the Company's financial statements for the year ended October 31, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 14.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 5.02</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On January 26, 2012, in
accordance with the terms of the Agreement, Mr. Chang, our President, Chief Financial Officer, Secretary and director, and Mr.
Chong, our Treasurer and a director, resigned from their positions as officers and directors of the Company effective immediately
upon consummation of the transactions contemplated by the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On January 26, 2012, in
accordance with the terms of the Agreement, Mr. Selengut was appointed President, Mr. Grossman was appointed Treasurer and Chief
Financial Officer and Mr. Ellenoff was appointed Secretary of the Company, each appointment effective immediately upon consummation
of the transactions contemplated by the Agreement. Each of Messrs. Grossman, Ellenoff and Selengut are members of EGS, our sole
stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to Item
5.01 for a summary of the business experience of each officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 66pt; text-align: left"><B>Item 5.07.</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Submission of Matters to a Vote of Security Holders</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">On January 26, 2012, the
two stockholders of the Company unanimously voted by written consent to elect Messrs. Grossman, Ellenoff and Selengut as directors
of the Company, effective immediately upon the consummation of the transactions contemplated by the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dated: February 1, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P><TABLE BORDER="0" CELLSPACING="0"
CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"> <TR><TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">SHC Advance Services Inc.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ David Selengut</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Name: David Selengut<BR>Title: President</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

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{"company-data": {"conformed-name": "SHC Advance Services Inc.", "cik": "0001506481", "assigned-sic": "6770", "irs-number": "273819428", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-54209", "film-number": "12563107"}, "business-address": {"street1": "5/F CHAINACHEM CENTURY TOWER", "street2": "178 GLOUCESTER ROAD", "city": "WANCHAI", "state": "K3", "zip": "00000", "phone": "(852) 2116-8146"}, "mail-address": {"street1": "5/F CHAINACHEM CENTURY TOWER", "street2": "178 GLOUCESTER ROAD", "city": "WANCHAI", "state": "K3", "zip": "00000"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
January 26, 2012
SHC ADVANCE SERVICES INC.
(Exact Name of Registrant as Specified
in Charter)
Delaware
4885023
27-3819428
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
c/o Ellenoff Grossman & Schole LLP
150 East 42
nd
Street
New York New York
10017
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (212)
370-1300
5/F Chinachem Century Tower
178 Gloucester Road
Wanchai, Hong Kong
(Former Name or Former Address,
if Changed Since Last Report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 4.01
Changes in Registrant's Certifying Accountant.
On January 31, 2012, the
Board of Directors of SHC Advance Services Inc. (the "Company") dismissed the Company's independent registered
public accountant, Albert Wong & Co.
In connection with the
audits of the fiscal years ended October 31, 2010 and through January 31, 2012, no disagreements exist with Albert Wong & Co.
on any matter of accounting principles or practices, financial statement disclosure, internal control assessment, or auditing scope
or procedure, which disagreements if not resolved to the satisfaction of Albert Wong & Co. would have caused them to make reference
in connection with their report to the subject of the disagreement(s).
Albert Wong & Co.'s
report on the financial statements of the Company for the year ended October 31, 2010 did not contain an adverse opinion or a disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
The Company has authorized
Albert Wong & Co. to respond fully to any inquiries of the new auditors hired by the Company relating to their engagement as
the Company's independent accountant. The Company has requested that Albert Wong & Co. review the disclosure herein and
has been given the opportunity to furnish the Company with a letter addressed to the Commission containing any new information,
clarification of the Company's expression of its views, or the respect in which it does not agree with the statements made by the
company herein.
On February 1, 2012, the
Company's Board of Directors approved the appointment of Rothstein Kass as the Company's independent registered public
accountant. The decision to engage Rothstein Kass was approved by the Company's board of directors. Prior to February 1,
2012, the Company did not consult with Rothstein Kass regarding (1) the application of accounting principles to a specified transactions,
(2) the type of audit opinion that might be rendered on the Company's financial statements, (3) written or oral advice was
provided that would be an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial
reporting issues, or (4) any matter that was the subject of a disagreement between the Company and its predecessor auditor as described
in Item 304(a)(1)(iv) or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
Item 5.01
Changes in Control of Registrant.
Pursuant to a securities
purchase agreement (the "Agreement"), by and among Keeler Global Investors Ltd. ("Keeler"), Triglobal Investments
Ltd. ("Triglobal") and Ellenoff Grossman & Schole LLP ("EGS"), on January 26, 2012, Keeler and Triglobal,
the two stockholders of the Company, sold all of the shares of common stock of the Company they hold to EGS in consideration for
legal services rendered. Following consummation of the transactions contemplated by the Agreement, EGS holds 100.0% of the voting
securities of the Company. The transaction may be deemed to have resulted in a change in control of the Company from Keeler and
Triglobal to EGS.
In connection with the
change in control, Messrs. Victor Chang and Hoffman Chong, the Company's two directors, resigned from their positions as
directors of the Company effective immediately upon the consummation of the transactions contemplated by the Agreement. In addition,
Messrs. Barry I. Grossman, Douglas S. Ellenoff and David Selengut were elected as directors of the Company by all the stockholders
of the Company effective immediately upon the consummation of the transactions contemplated by the Agreement.
Information in response
to this Item 5.01 below is keyed to the item numbers of Form 10.
Item 1.
Business.
SHC was incorporated in
the State of Delaware on October 14, 2010.  Since inception, the Company has been engaged in organizational efforts and obtaining
initial financing.  The Company was formed as a vehicle to pursue a business combination.   The business purpose of the
Company is to seek the acquisition of, or merger with, an existing company.
Item 1A.
Risk Disclosures.
We are a smaller reporting
company and are not required to make disclosures under this Item.
Business of Issuer
The Company, based on proposed
business activities, is a "blank check" company. The U.S. Securities and Exchange Commission (the "SEC")
defines those companies as "any development stage company that is issuing a penny stock, within the meaning of Section 3
(a)(51) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and that has no specific business
plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies."  Under
SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a "shell company," because it has no or nominal
assets (other than cash) and no or nominal operations.  Many states have enacted statutes, rules and regulations limiting
the sale of securities of "blank check" companies in their respective jurisdictions. Management does not intend to
undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded
a business combination.
The Company was organized
as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages
of being a publicly held corporation. The Company's principal business is to achieve long-term growth potential through a
combination with a business rather than immediate, short-term earnings.
The analysis of new business
opportunities will be undertaken by or under the supervision of the Company's officers.  As of the date of this Current
Report, the Company has not entered into any agreement with any party regarding acquisition opportunities for the Company.  The
Company has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities. In its efforts
to analyze potential acquisition targets, the Company will consider the following kinds of factors:
·
Potential for growth, indicated by new technology, anticipated market expansion or new products;
·
Competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;
·
Strength and diversity of management, either in place or scheduled for recruitment;
·
Capital requirements and anticipated availability of required funds from the Company, from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;
·
The extent to which the business opportunity can be advanced;
·
The accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items; and
·
Other relevant factors.
In applying the foregoing
criteria, no one of which will be controlling, management will attempt to analyze all factors and circumstances and make a determination
based upon reasonable investigative measures and available data.  Potentially available acquisition opportunities may occur
in many different industries, and at various stages of development, all of which will make the task of comparative investigation
and analysis of such business opportunities extremely difficult and complex. Due to the Company's lack of capital to fund
the investigation, the Company may not discover or adequately evaluate adverse facts about the business to be acquired. In
addition, we will be competing against other entities that possess greater financial, technical and managerial capabilities for
identifying and completing business combinations.  In evaluating a prospective business combination, we will conduct as extensive
a due diligence review of potential targets as possible given the lack of information that may be available regarding private companies,
our limited personnel and financial resources.
We expect that our due
diligence will encompass, among other things, meetings with the target business's incumbent management and inspection of
its facilities, as necessary, as well as a review of financial and other information which is made available to us.  This
due diligence review will be conducted either by our management or by unaffiliated third parties we may engage.  Our lack
of funds and the lack of full-time management will likely make it impracticable to conduct a complete and exhaustive investigation
and analysis of a target business before we consummate a business combination.  Management decisions, therefore, will likely
be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds available
to us, would be desirable.  We will be particularly dependent in making decisions upon information provided by the promoters,
owners, sponsors or other associated with the target business seeking our participation.
The time and costs required
to select and evaluate a target business and to structure and complete a business combination cannot presently be ascertained with
any degree of certainty. Any costs incurred with respect to the evaluation of a prospective business combination that is not ultimately
completed will result in a loss to us.
Additionally, the Company
is in a highly competitive market for a small number of business opportunities which could reduce the likelihood of consummating
a successful business combination. We are, and will continue to be, an insignificant participant in the business of seeking mergers
with, joint ventures with and acquisitions of small private and public entities. A large number of established and well-financed
entities, including small public companies and venture capital firms, are active in mergers and acquisitions of companies that
may be desirable target candidates for us.  Nearly all these entities have significantly greater financial resources, technical
expertise and managerial capabilities than we do; consequently, we will be at a competitive disadvantage in identifying possible
business opportunities and successfully completing a business combination.  These competitive factors may reduce the likelihood
of our identifying and consummating a successful business combination.
Form of Acquisition
The manner in which the
Company participates in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the
Company and the promoters of the opportunity, and the relative negotiating strength of the Company and such promoters.
It is likely that the Company
will acquire its participation in a business opportunity through the issuance of common stock or other securities of the Company.
 Although the terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria
for determining whether or not an acquisition is a so-called "tax free" reorganization under Section 368(a)(1) of the
Internal Revenue Code of 1986, as amended (the "Code") depends upon whether the owners of the acquired business own
80% or more of the voting stock of the surviving entity.  If a transaction were structured to take advantage of these provisions
rather than other "tax free" provisions provided under the Code, all prior stockholders would in such circumstances
retain 20% or less of the total issued and outstanding shares of the surviving entity. Under other circumstances, depending upon
the relative negotiating strength of the parties, prior stockholders may retain substantially less than 20% of the total issued
and outstanding shares of the surviving entity. This could result in substantial additional dilution to the equity of those who
were stockholders of the Company prior to such reorganization.
The Company does not intend
to supply any disclosure to stockholders concerning a target company prior to the consummation of a business combination transaction,
unless required by applicable law or regulation.  In the event a proposed business combination involves a change in majority
of directors of the Company without stockholder approval, the Company will file and provide to stockholders a Schedule 14F-1, which
shall include information concerning the target company, as required. The Company will file a Current Report on Form 8-K, as required,
within four business days of a business combination which results in the Company ceasing to be a shell company.  This Form
8-K will include complete disclosure of the target company, including audited financial statements.
The present stockholder
of the Company will likely not have control of a majority of the voting securities of the Company following a reorganization transaction.
 As part of such a transaction, all or a majority of the Company's directors may resign and one or more new directors
may be appointed without any vote by the stockholder.
The Company is searching
for a business combination by contacting various sources including, but not limited to, our affiliates, lenders, investment banking
firms, private equity funds, consultants and attorneys. The approximate number of persons or entities that will be contacted
is unknown and dependant on whether any opportunities are presented by the sources that we contact.  It is anticipated that
the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure
documents and other instruments will require substantial management time and attention and substantial cost for accountants, attorneys
and others.  If a decision is made not to participate in a specific business opportunity, the costs theretofore incurred in
the related investigation might not be recoverable. Furthermore, even if an agreement is reached for the participation in a specific
business opportunity, the failure to consummate that transaction may result in the loss to the Company of the related costs incurred.
We presently have no employees
apart from our management. Our officers and directors are engaged in outside business activities and are employed on a full-time
basis by our stockholder.  Our officers and directors anticipate that they will devote very limited time to our business until
the acquisition of a successful business opportunity has been identified. The specific amount of time that management will devote
to the Company may vary from week to week or even day to day, and therefore the specific amount of time that management will devote
to the Company on a weekly basis cannot be ascertained with any level of certainty.  In all cases, management intends to spend
as much time as is necessary to exercise its fiduciary duties as officers and directors of the Company.
Item 2.
Financial Information.
Please see the Company's
registration statement on Form 10/A, filed on April 28, 2011, for the Company's audited financial statements for the fiscal
year ended October 31, 2010. The Company expects to file its annual report on Form 10-K on or before February 14, 2012.  Please
refer to the Form 10-K for information on the Company's financial statements for the year ended October 31, 2011.
Item 3.
Properties.
The Company neither rents
nor owns any properties. The Company utilizes the office space and equipment of its management at no charge.  The Company
currently has no policy with respect to investments or interests in real estate, real estate mortgages or securities of, or interests
in, persons primarily engaged in real estate activities.
Item 4.
Security Ownership of Certain Beneficial Owners and Management.
The following table sets forth
information regarding the beneficial ownership based on 1,000,000 shares of our common stock outstanding as of February 1, 2012,
based on information obtained from the persons named below, with respect to the beneficial ownership of shares of our common stock
by:
•
each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock;
•
each of our officers and directors; and
•
all our officers and directors as a group.
Unless otherwise indicated,
we believe that all persons named in the table have sole voting and investment power with respect to all shares of common stock
beneficially owned by them.
Name &
    Address
of Beneficial Owner
Common Stock
Beneficially Owned
Percent of Class
Ellenoff Grossman & Schole LLP
150 East 42nd Street, 11th Floor
New York, NY 10017 (1)
1,000,000
100.0%
(1)
The management committee of Ellenoff Grossman & Schole LLP may be deemed to have
voting and dispositive control with respect to the securities owned by EGS.
Changes
in Control
Reference is made to Item 5.01 for a description
of the change in control of the Company as a result of the transactions disclosed herein.
Item 5.
Directors and Executive Officers.
The following table sets
forth the name, age and position of each of our executive officers and directors as of February 1, 2012.  There are no
family relationships between our executive officers and directors.
Name
Age
Position Held
David Selengut
56
President and Director
Barry I. Grossman
51
Chief Financial Officer, Treasurer and Director
DouglasS. Ellenoff
51
Secretary  and Director
Mr. David Selengut, age
56, has served as President and a director since January 2012. He has been an attorney since 1982 and a member of Ellenoff Grossman
& Schole LLP since 1998.
Mr. Barry I. Grossman,
age 51, has served as Chief Financial Officer and a director since January 2012. He has been an attorney since 1985 and a member
of Ellenoff Grossman & Schole LLP since its founding in 1992.
Mr. Douglas S. Ellenoff,
age 51, has served as Secretary and a director since January 2012. He has been an attorney since 1987 and a member of Ellenoff
Grossman & Schole LLP since its founding in 1992.
Director Independence
Our common stock is not
quoted or listed on any national exchange or interdealer quotation system with a requirement that a majority of our board of directors
be independent and therefore, the Company is not subject to any director independence requirements. Under Nasdaq Rule 5605(a)(2)(A),
a director is not considered to be independent if he or she also is an executive officer or employee of the corporation.  Under
such definition our directors would not be considered independent.
Item 6.
Executive Compensation.
The following compensation
discussion addresses all compensation awarded to, earned by, or paid to the Company's named executive officers. The Company's
officers and directors have not received any cash or other compensation since inception. They will not receive any compensation
until the consummation of an acquisition. No compensation of any nature has been paid for on account of services rendered by a
director in such capacity. Our officers and directors intend to devote very limited time, no more than five hours per week on
average, to our affairs before a suitable target company is identified.
It is possible that, after
the Company successfully consummates a business combination with an unaffiliated entity, that entity may desire to employ or retain
members of our management for the purposes of providing services to the surviving entity. However, the offer of any post-transaction
employment to members of management will not be a consideration in our decision whether to undertake any proposed transaction.
No retirement, pension,
profit sharing, stock option or insurance programs or other similar programs have been adopted by the Company for the benefit of
its employees.
There are no understandings
or agreements regarding compensation our management will receive after a business combination.
The Company does not have
a standing compensation committee or a committee performing similar functions, since the Board of Directors has determined not
to compensate the officers and directors until such time that the Company completes a reverse merger or business combination.
Item 7.
Certain Relationships and Related Transactions, and Director Independence.
On November 24, 2010, we
entered into subscription agreements with Triglobal, which is wholly-owned by Victor Chang, our former President and Secretary
and a director, and Keeler, which is majority-owned by Hoffman Chong, our former Treasurer and a director, pursuant to which each
of Triglobal and Keeler purchased, effective as of October 31, 2010, 500,000 shares of our Common Stock at a purchase price
of $0.035 per share, or an aggregate of $35,000 in cash.
We will reimburse our officers
and directors, subject to board approval, for any reasonable out-of-pocket business expenses incurred by them in connection with
certain activities on our behalf such as identifying and investigating possible target businesses and business combinations. There
is no limit on the amount of out-of-pocket expenses reimbursable by us, which will be reviewed only by our board of directors or
a court of competent jurisdiction if such reimbursement is challenged.  Other than the reimbursable out-of-pocket expenses
payable to our officers and directors, no compensation or fees of any kind, including finders, consulting fees or other similar
compensation, including the issuance of any securities of the company, will be paid to our existing stockholders, officers or directors
who owned our common stock prior to this offering, or to any of their respective affiliates prior to or with respect to an acquisition.
Item 8.
Legal Proceedings.
None.
Item 9.
Market Price of and Dividends on the Registrant's Common Equity and Related
Stockholder Matters.
Market Information
The Common Stock is not
trading on any stock exchange. The Company is not aware of any market activity in its Common Stock since its inception through
the date of this filing.
Holders
As of February 1, 2012,
there was one record holder of 1,000,000 shares of the Common Stock issued and outstanding. On January 26, 2012, EGS acquired from
the Company's former stockholders, Triglobal and Keeler, 100% of the voting securities of the Company for legal services
rendered.
Dividends
The Company has not paid
any cash dividends to date and does not anticipate or contemplate paying dividends in the foreseeable future. It is the present
intention of management to utilize all available funds for the development of the Company's business.
Item 10.
Recent Sales of Unregistered Securities.
None.
Item 11.
Description of Registrant's Securities to be Registered.
None.
Item 12.
Indemnification of Directors and Officers.
Section 145 of the Delaware
General Corporation Law provides that a corporation may indemnify directors and officers as well as other employees and individuals
against expenses including attorneys' fees, judgments, fines and amounts paid in settlement in connection with various actions,
suits or proceedings, whether civil, criminal, administrative or investigative other than an action by or in the right of the corporation,
a derivative action, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests
of the corporation, and, with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct
was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses
including attorneys' fees incurred in connection with the defense or settlement of such actions, and the statute requires court
approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation.
The statute provides that it is not exclusive of other indemnification that may be granted by a corporation's certificate of incorporation,
bylaws, agreement, a vote of stockholders or disinterested directors or otherwise.
The Company's Amended
and Restated Certificate of Incorporation provides that it will indemnify and hold harmless, to the fullest extent permitted by
Section 145 of the Delaware General Corporation Law, as amended from time to time, each person that such section grants us the
power to indemnify.
The Delaware General Corporation
Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally
liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability
for:
•
any breach of the director's duty of loyalty to the corporation or its stockholders;
•
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
•
payments of unlawful dividends or unlawful stock repurchases or redemptions; or
•
any transaction from which the director derived an improper personal benefit.
The Company's Amended
and Restated Certificate of Incorporation provides that, to the fullest extent permitted by applicable law, none of our directors
will be personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director. Any repeal
or modification of this provision will be prospective only and will not adversely affect any limitation, right or protection of
a director of our company existing at the time of such repeal or modification.
Item 13.
Financial Statements and Supplementary Data.
Please see the Company's
registration statement on Form 10/A, filed on April 28, 2011, for the Company's audited financial statements for the fiscal
year ended October 31, 2010. The Company expects to file its annual report on Form 10-K on or before February 14, 2012.  Please
refer to the Form 10-K for information on the Company's financial statements for the year ended October 31, 2011.
Item 14.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 26, 2012, in
accordance with the terms of the Agreement, Mr. Chang, our President, Chief Financial Officer, Secretary and director, and Mr.
Chong, our Treasurer and a director, resigned from their positions as officers and directors of the Company effective immediately
upon consummation of the transactions contemplated by the Agreement.
On January 26, 2012, in
accordance with the terms of the Agreement, Mr. Selengut was appointed President, Mr. Grossman was appointed Treasurer and Chief
Financial Officer and Mr. Ellenoff was appointed Secretary of the Company, each appointment effective immediately upon consummation
of the transactions contemplated by the Agreement. Each of Messrs. Grossman, Ellenoff and Selengut are members of EGS, our sole
stockholder.
Reference is made to Item
5.01 for a summary of the business experience of each officer.
Item 5.07.
Submission of Matters to a Vote of Security Holders
On January 26, 2012, the
two stockholders of the Company unanimously voted by written consent to elect Messrs. Grossman, Ellenoff and Selengut as directors
of the Company, effective immediately upon the consummation of the transactions contemplated by the Agreement.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: February 1, 2012
SHC Advance Services Inc.
By:
/s/ David Selengut
Name: David Selengut
Title: President