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align=justify><BR></P>
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align=justify><BR></P>
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align=justify><BR></P>
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align=center><BR></P>
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align=justify><BR></P>
<P
style="TEXT-INDENT: 107.7pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 170.55pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Washington, D.C. 20549</P>
<P
style="TEXT-INDENT: 230.4pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 202.6pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>FORM 8-K</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 177.9pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>CURRENT REPORT</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 148.7pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Pursuant to Section 13 or 15(d) of</P>
<P
style="TEXT-INDENT: 142.5pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>the Securities Exchange Act of 1934</P>
<P
style="TEXT-INDENT: 228.9pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>&nbsp;</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>Date of Report (Date of earliest event reported) September 28,
2009</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center><U>QUALSEC</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>(Exact name of registrant as specified in its charter)</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>Wyoming</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center><U><BR></U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>(State or other jurisdiction of incorporation)</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="TEXT-INDENT: 108pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0-52907
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P
style="TEXT-INDENT: 339.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20-5776355
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>(Commission File Number)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="TEXT-INDENT: 295.3pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>(IRS Employer Identification No.)</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>996 Old Eagle School Road, Suite 1102, Wayne, Pennsylvania
&nbsp;</P>
<P
style="TEXT-INDENT: 400.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>19087 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>(Address of principal executive offices)</P>
<P
style="TEXT-INDENT: 407.75pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>(Zip Code)</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Registrant's telephone number, including area code: &nbsp;<U>(435)
713-0566</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
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:</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>[] Written communications pursuant to Rule 425 under the
Securities Act</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>[] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>[] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>1</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">
<HR>
<BR>
<P></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P
style="PAGE-BREAK-BEFORE: always; LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman CYR; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item </U></B><FONT
face="Times New Roman"><B><U>1.</U></B></FONT><B><U>01.</U></B></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 72pt; FONT-FAMILY: Times New Roman CYR; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B></B><FONT face="Times New Roman"><B><U>Entry into a Material
Definitive Agreement</U></B></FONT></P>
<P
style="TEXT-INDENT: 338.4pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman CYR; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman CYR; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 2.01.</U></B></P>
<P
style="TEXT-INDENT: 54.2pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman CYR; FONT-SIZE: 12pt"
align=justify><B><U>Completion of Acquisition or Disposition of
Assets</U></B><U>.</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>On September 28, 2009, pursuant to an Agreement and Plan of
Reorganization dated September 28, 2009 the Registrant acquired all of the
membership interests of Vitamin Spice, LLC, a Delaware limited liability company
(&#147;Vitamin Spice&#148;), &nbsp;in exchange for 100,000,000 newly issued shares of
common stock. &nbsp;As a result of the acquisition, and the other issuances set
forth in Item 3.02 below, &nbsp;there are now approximately 121,000,000 shares
of common stock outstanding. (All share numbers in this Current Report give
effect to the 1-for-30 reverse stock split filed with the state of Wyoming on
September 9, 2009.The precise number of outstanding shares may be slightly
higher due to rounding shares issued in the reverse stock split. </P>
<P
style="TEXT-INDENT: 72pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 40.25pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Information with respect to the business of Vitamin Spice as
required by Item 2.01(f) of Form 8-K is set forth under Item 8.01 hereof. This
information is supplementary to the general information regarding the Registrant
set forth in its Annual Report on Form 10-K for the year ended December 31,
2008. The Registrant divested itself of its electronic sensor business in August
2009. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 3.02.</U></B></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 73pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><U>&nbsp;Unregistered Sales of Equity Securities</U></B></P>
<P
style="MARGIN-TOP: 5pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 5pt; FONT-SIZE: 12pt"
align=justify><U><BR></U></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>The Registrant issued 100,000,000 shares of common stock to the
ten interest holders of Vitamin Spice. In connection with the acquisition, 13
holders of options to purchase 44,000 interests of Vitamin Spice shall be
offered the opportunity to exchange their options for options to purchase shares
of the Registrant, on the same ratio as the exchanging members of Vitamin Spice.
If all the optionees exchange, the Registrant will issue options to purchase an
aggregate of 3,469,143 shares. The offer and sale was made pursuant to the
exemption provided by Section 4(2) of the Securities Act, as offers or sales
made without any advertising or general solicitation. There was no underwriter
involved.</P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>On the closing, the Registrant issued 50,000 shares to its
retiring officer and director, Learned J. Hand, for services rendered. The offer
and sale was made pursuant to the exemption provided by Section 4(6) of the
Securities Act, on the basis that Mr. Hand, as a director and executive office,
&nbsp;is an accredited investor under Rule 501(a)(4) of the Securities Act. </P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>On the closing, and as a condition thereto, the five holders of
the Registrant&#146;s $130,000 in convertible promissory notes issued on March 12,
2008 and May 27, 2008 converted their notes into a total of 15,793,333 shares of
common stock. The shares were issued under the exemption provided by Section
3(a)(9) of the Securities Act, as a security exchanged by the issuer with its
existing security holders exclusively where no commission or other remuneration
is paid or given directly or indirectly for soliciting such exchange.</P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2
<HR>
<BR>
<P></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 5pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 5.01</U>. &nbsp;</B></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 72pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 5pt; FONT-SIZE: 12pt"
align=justify><B><U>Changes in Control of Registrant</U></B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 54.15pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>A change of control took place on September 28, 2009 as a result
of the acquisition of Vitamin Spice. &nbsp;Control was assumed from Learned J.
Hand, the former officer and director of the Registrant. The names of the
current directors and executive officers of the Registrant and holders of more
than 5% of the outstanding shares of common stock and the number of shares held
and the percentage of the total issued and outstanding Common Stock (the only
voting security) of the Registrant owned by each of them are as follows.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 287.7pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>Number</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 396.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Percentage</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 284.85pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>of Shares</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 400.65pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>of Shares</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 3.35pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><U>Name</U></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 126.4pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><U>Office</U></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 283.05pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><U>Owned(1)</U></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 405.85pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Owned</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>Edward Bukstel</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 87.7pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>President and Director</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 273.35pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>42,092,264(2)</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 407.65pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>34.8%</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>Dror Rom</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 85.85pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>Secretary and Director </P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 280.35pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>27,439,300</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 407.65pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>22.7%</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>David McTamney</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 137.75pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>--</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 283.35pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>9,341,360</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 410.65pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>7.8%</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>Boas Gonen</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 144pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>--</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 288pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>9,944,875</P>
<P
style="TEXT-INDENT: 432pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>8.2%</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>All officers</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;and directors</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;as a group &nbsp;(2 persons)</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 279.9pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>69,531,564</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 418.1pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>57.5%</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: -29.25pt; PADDING-LEFT: 47.25pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>(1)</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 47.25pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Except as otherwise noted, shares are owned beneficially and of
record, and such record shareholder has sole voting, investment, and dispositive
power.</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: -29.25pt; PADDING-LEFT: 47.25pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>(2)</P>
<P
style="TEXT-INDENT: -11.25pt; MARGIN: 0pt; PADDING-LEFT: 47.25pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>The Registrant has also filed an amendment to the Articles of
Incorporation authorizing 50 million shares of Class A Senior Preferred Stock,
which preferred stock has the same preferences and rights as common stock but
will entitle the holder to 10 votes per share. It is intended that Mr. Bukstel
will exchange his shares of common stock for an equal number of shares of this
preferred stock, which will provide him with voting rights equal to 420,922,640
shares of common stock. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 5.02.</U></B></P>
<P
style="TEXT-INDENT: 72pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><U>Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers</U></B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><U><BR></U></B></P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Learned J. Hand resigned as an officer and director of Qualsec as
of the closing of the Vitamin Spice acquisition. He has reviewed the statements
in this Current Report with respect to his resignation and declined to provide a
letter. &nbsp;Mr. Hand is not obligated to furnish a letter. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 45.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">In
connection with the acquisition of Vitamin Spice, Edward Buskstel was appointed
as Chief Executive and &nbsp;Financial Officer and Dror Rom was appointed as
Secretary. Messrs. Bukstel and Rom were also appointed as new members of the
Board of Directors. &nbsp;The following information is provided in connection
with the appointment of these officers and directors. </P>
<P
style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3
<HR>
<BR>
<P></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Edward
Bukstel, age 47, founded Vitamin Spice in February 2008. &nbsp;&nbsp;Edward
has18 years of data integration, data security, and communications experience.
He has successfully licensed systems and services to companies, including
international pharmaceutical and managed care organizations. Edward was a
founding member of the ASTM E1238 Standard that became integrated into HL7. He
has been a national speaker on electronic data interchange and has been a guest
lecturer at The Wharton Business School. Mr. Bukstel is a founder of an internet
search engine application iprecis.com and has consulted for various public
companies in industries ranging from satellite communications to financial
transactions. &nbsp;He is the founder of the Freedom Calls Foundation providing
free communications solutions for troops in Iraq. &nbsp;Bukstel was nominated
for the <I>Zachary and Elizabeth Fisher Humanitarian Award</I>, the highest
civilian honor awarded by the Department of Defense. Bukstel also provided
innovative Satcom solutions as an EVP at Skyframes, Inc., Mr. Bukstel was a Vice
President at Synetic and CareInsite Corporation (currently WebMD). &nbsp;Mr.
Bukstel was also President of the information systems division of a NASDAQ
listed company.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Edward
holds a Bachelor of Sciences from Muhlenberg College and has completed PhD
graduate coursework in Molecular Biology from Temple University. &nbsp;</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 45.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Dror
Rom, age 53, is CEO of Prosoft Corporation, a company serving the pharmaceutical
industry. &nbsp;Dror holds a PhD in Statistical Analysis. &nbsp;Dr. Rom is a
noted expert in statistical analysis for pharmaceuticals and represents clients
before the FDA.</P>
<P
style="TEXT-INDENT: 45.8pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 5pt; FONT-FAMILY: Times New Roman Bold; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 5.03.</U> </B></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 76.5pt; FONT-FAMILY: Times New Roman Bold; MARGIN-BOTTOM: 5pt; FONT-SIZE: 12pt"
align=justify><B><U>Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.</U></B></P>
<P
style="MARGIN-TOP: 5pt; FONT-FAMILY: Times New Roman Bold; MARGIN-BOTTOM: 5pt; FONT-SIZE: 12pt"
align=justify><B><BR></B></P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>By resolution of its board of directors, the Registrant approved
the amendment of the articles of incorporation to change the name of the
Registrant to Vitamin Spice, LLC. The amendment is expected to be approved by
consent action of majority shareholders and filed with the Wyoming Secretary of
State on or about October 9, 2009, and to be effective 20 days thereafter,
subject to mailing an information statement to the Registrant&#146;s shareholders.
The Registrant also filed an amendment to the Articles of Incorporation on
September 9, 2009 to effect a 1-for-30 reverse stock split and to permit
shareholders of the Registrant to approve corporate actions via consent action
in lieu of a meeting, provided such consenting shareholders hold the number of
shares which, if present at a meeting, would be sufficient to approve such
action. The Registrant has also filed an amendment to the Articles of
Incorporation authorizing 50 million shares of Class A Senior Preferred Stock,
which preferred stock has the same preferences and rights as common stock but
will entitle the holder to 10 votes per share. It is intended that Mr. Bukstel
will exchange his shares of common stock for an equal number of shares of this
preferred stock. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><B><U>Item 8.01.</U></B></P>
<P
style="TEXT-INDENT: 72pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><U>Other Events</U></B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Arial; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 40.25pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>The following information with respect to the business of Vitamin
Spice as required by Item 2.01(f) of Form 8-K is set forth below.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 40.25pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>When used in this Form 8-K, the words "expects," "anticipates,"
"estimates" and similar expressions are intended to identify forward-looking
statements. Such statements are subject to risks and uncertainties, including
those set forth below under "Risks and Uncertainties," that could cause actual
results to differ materially from those projected. These forward-looking
statements speak only as of the date hereof. The Registrant expressly disclaims
any obligation or undertaking to release publicly any updates or revisions to
any forward-looking statements contained herein to reflect any change in the
Registrant's expectations with regard thereto or any change in events,
conditions or circumstances on which any statement is based. This discussion
should be read together with the financial statements and other financial
information included in this Form 8-K.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4
<HR>
<BR>
<P></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Risk Factors</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>We have only a limited operating history.</B> &nbsp;We have not
had sales until the current quarter. We have never been profitable. We cannot
therefore forecast with any accuracy the results of operations for the next
fiscal year, nor predict our need for cash. Our sales may not grow as
anticipated, and sales are dependent on consumer acceptance of our products, our
ability to market to retailers, the effect of competition, and general economic
factors beyond our control.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>We are dependent on our founder, Mr. Edward Bukstel</B>. We
have no employment contract with him and have not obtained any key man life
insurance with respect to Mr. Bukstel. The loss of his services would severely
adversely affect Vitamin Spice.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>Mr. Bukstel controls the Registrant</B>. The Registrant has
authorized Class A Senior Preferred Stock to be issued to Mr. Bukstel, which
would provide him with 420,922,640 voting rights or approximately 84% of the
total voting rights. Mr. Bukstel would thereupon be able to determine all
matters brought before shareholders, and the ability of other parties to effect
a takedover bid of the Registrant would be severely restricted. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>Our product is subject to claims for product liability</B>. As
any food product, we may be subject to product recalls or lawsuits for product
liability. We have no insurance against these contingencies. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>Competitors are significantly larger and better capitalized,
with longer operating history and greater brand recognition</B>. Our product is
not patented, and our product niche could be infiltrated by any one of our
competitors. Competition would adversely affect our sales and profitability.
</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>There is only a limited public trading market for the common
stock. </B>Our common stock will be a &#147;penny stock&#148; (as defined in Exchange Act
Rule 3a-51) for the foreseeable future &nbsp;which means that brokers can only
buy or sell the common stock on an unsolicited basis. The penny stock rule and
similar regulations will reduce the likelihood that a liquid trading market will
arise for the common stock. The common stock may trade at less than the offering
price. Because our stock will be a &#147;penny stock&#148; a shareholder may find it more
difficult to dispose of, or to obtain accurate quotations as to the price of,
our common stock.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>We may raise capital in future offerings</B>. We cannot predict
the terms of these offerings nor the price at which shares of common stock may
be offered. An offering might require the participation of institutional
investors, which are more likely to demand more stringent terms for any
placement. &nbsp;We &nbsp;have not determined the terms for any offering.
&nbsp;Any future offering may be for common stock, or may be for a security with
rights superior to that of the common stock. In connection with any offering, we
may be required to add investor&#146;s representatives to the Board of Directors, or
may be required to commit to other conditions. If other conditions are not met,
existing investors could have their rights or equity ownership substantially
diluted. We cannot at this time determine the terms of any follow-on offering or
whether it will ever occur. &nbsp;</P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5
<HR>
<P></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Business</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Vitamin Spice, a Delaware limited liability company organized in
April 2008, is a continuation of a sole proprietorship founded in February 2008
by Edward Bukstel. As a result of the exchange transaction reported in Item 2.01
above, Vitamin Spice became a wholly-owned subsidiary of the Registrant. All
operations are carried out through this subsidiary. Our principal office address
is 996 Old Eagle School Road, Suite 1102, Wayne, Pennsylvania and our telephone
is 610-994-1657.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Vitamin Spice develops and markets a unique line of
vitamin-enriched gourmet spices. Through June 30, 2009, VS was engaged in
product development and preliminary marketing. We had no sales until the quarter
ended September, 2009. Our initial product line features &nbsp;ground pepper,
&nbsp;cinnamon, granulated garlic and crushed red pepper packaged in plastic
screw top shakers, similar to the currently available packaging used for spices
in general. We use gourmet quality spices and high quality vitamin ingredients.
Vitamins are specially formulated so as to be taste neutral. Our retail price
point is expected to be $6.00 - $8.00 which represents a 10% - 20% premium over
other high quality spices, that DO NOT have the added vitamins and nutritional
supplements. &nbsp;</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Our product is designed for persons who wish to supplement their
nutritional needs conveniently and as part of their daily diet, and for little
if any additional cost compared to conventional spices. A one-half teaspoon (2.1
gr.) serving of our granulated garlic, for example, provides 82% of the minimum
daily requirement for Vitamin C, 54% of most B Vitamins and 22% of Vitamin B12.
Our products are kosher, 100% natural, vegetarian and free of nuts and gluten,
and are therefore appropriate for nearly all consumers. Vitamin Spice can be
sprinkled onto any food or beverage, and can be used at the end of the cooking
process up to 200 &#176;F.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>As of September 17, 2009, we are negotiating national distribution
agreements with companies serving the food service, health food, and traditional
grocery chains. &nbsp;We also believe we can market our product in bulk &nbsp;to
schools and other institutional food preparers. School districts have shown
strong interest in our product as a way to improve nutrition. </P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Raw material for our products is available from a large number of
sources. Vitamin Spice products are packaged in standard PET recyclable shaker
bottles. We have designed our own labeling &nbsp;based on informal market
research. Samples of our packaged product can be viewed at our website,
www.vitaminspice.net. We formulate our products at our warehouse and ship
directly ourselves, but as our business grows we may outsource warehousing,
packaging and shipping to third parties. We expect no difficulty in locating
appropriate and experienced third parties for this outsourcing.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Our marketing efforts to date have been based on trade shows to
the restaurant and food service industries. Our products are also available for
purchase through our website. We do not expect internet sales to be a
significant percentage of sales in the near future</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>We have 2 full employees and &nbsp;3 part time employees. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Our executive offices and warehouse consist of 783 square feet of
office space in Wayne, PA. The lease expires August 30, 2010.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Our
product competes with those offered by companies such as McCormick and Spice
Islands, as well as private label brands and a large number of smaller or
regional spice companies. We consider our product to compete favorable with all
competitors on the basis of taste and on the fact that currently there are no
other vitamin-enriched spices on the market. However, our product is expected to
be sold at a premium to the competitor&#146;s products, and our competitors generally
have longer operating histories, stronger branding, and significantly greater
financial resources. </P>
<P
style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6
<HR>
<BR>
<P></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Intellectual
Property</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">A
provisional patent has been filed with the USPTO. &nbsp;Certain formulations of
vitamins, herbs, and minerals are more suitable for cooking preparations at
higher temperatures. The Company has retained the Law Firm of IP Design, a
dedicated intellectual property law firm to represent VitaminSpice.
&nbsp;&nbsp;Vitamin Spice &nbsp;has submitted a provisional patent application
with the US Patent and Trademarks office for those formulations and process that
the company appropriate. Trademarks have been applied for all key brand names
used in our products. &nbsp;We are examining closely the possibility that the
combination of new delivery (e.g. shaker-top) and ingredients is patentable.
&nbsp;A trademark application has been filed with the USPTO for Vitamin
Spice.<B> </B>Our competitors may enter our market niche, which would adversely
affect sales and margins for our product. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Management</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Information regarding our management is set forth in Item 5.03 of
this Current Report. We have no employment agreements at this time. Mr. Bukstel
receives a salary of $4400 per month plus health insurance, and other incidental
benefits which do not exceed $10,000 in value per year. Our directors serve
without compensation. &nbsp;</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Management&#146;s Discussion and Analysis</U></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Results of Operations. For the year ended June 30, 2009 and the
period inception (February 2008 to June 30, 2008) we had no sales. Our net
losses were $169,690 and $11,900 (unaudited) for 2009 and 2008, respectively.
These numbers are being audited and are subject to change. Most of our expenses
in these periods represented advertising, marketing and product development
costs. Due to limited funds, we have not paid a regular salary to our Chief
Executive Officer. In the year ended June 30, 2010, we expect to continue to
expend significant amounts for marketing and advertising; increase salary to Mr.
Bukstel to no less than $6,500 per month; require additional expenditures for
accounting and internal controls; incur significant expenditures for other costs
relating to being public; and in general increase our general and administrative
expenses. We cannot forecast the level of expenses for 2010. Likewise, because
we have limited sales to date, we cannot forecast our sales levels for 2010.
</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Liquidity. Our capital needs have been met to date by the sale of
membership interests in our Vitamin Spice subsidiary, which were approximately
$250,000 through June 30, 2009. Subsequent to June 30, 2009, and in anticipation
of our going public through a reverse merger transaction, we have obtained
$48,000 in funding through the issuance of promissory notes which provide for an
annual interest rate of 8%.<B> &nbsp;</B>Our need for capital in the year ended
June 30, 2010 will depend on sales growth; if sales increase significantly, we
will need substantial funding for working capital needs. Management believes
that as a public company it can obtain equity financing and possibly bank
financing, but we have no credit lines at this time and no arrangements for any
financing have been entered into. </P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7
<HR>
<P></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; TEXT-INDENT: 18pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Critical Accounting Policies. Revenue is recognized as products
are delivered to the customer or retailer. &nbsp;That is, the arrangements of
the sale are documented, the product is shipped to the customer or retailer, the
pricing becomes final, and collectability is reasonably assured. The Registrant
will record accounts receivable for sales which have been delivered but for
which money has not been collected. &nbsp;There are no accounts receivable on
any period presented. The allowance for doubtful accounts, which is based upon
management&#146;s evaluation of numerous factors, including a predictive analysis of
the outcome of the current portfolio and prior credit loss experience, is deemed
adequate to cover reasonably expected losses inherent in the outstanding
receivables. &nbsp;The Registrant charges off uncollectible accounts when
management estimates no possibility of collecting the related receivable.
&nbsp;For customer purchases paid in advance, the Registrant records a liability
until products are shipped. &nbsp;There was no outstanding unearned revenue from
product sales as of any periods presented. &nbsp;Inventories are stated at the
lower of cost or market, cost being determined on a first-in, first-out method.
&nbsp;The Registrant has no inventory as of any period presented. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 36pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Off Balance Sheet Arrangements. We do not have any off-balance
sheet arrangements that have or are reasonably likely to have a current or
future effect on our financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital expenditures or
capital resources that is material to investors. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B>Item 9.01. &nbsp;Financial Statements and Exhibits</B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><BR></B></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: -18pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify><U>(a)</U></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>Financial Statements.</U></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>To be filed by amendment. </P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U>&nbsp;(b) Exhibits</U></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>2.1 Agreement and Plan of Reorganization between Vitamin Spice,
LLC and the Registrant.</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>3.3 Amendment to Articles of Incorporation to effect reverse stock
split and permit shareholder consent actions.</P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>3.4 &nbsp;Proposed amendment to Articles of Incorporation to
change the name of the Registrant to Vitamin Spice, LLC </P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>3.5. Amendment to Articles of Incorporation to provide for Class A
Senior Preferred Stock. </P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">21.
Vitamin Spice, LLC is a wholly owned Delaware subsidiary of the Registrant. No
trade names are employed. </P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>8
<HR>
<P></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P
style="PAGE-BREAK-BEFORE: always; MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="MARGIN: 0pt; PADDING-LEFT: 36pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><U><BR></U></B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center><B>SIGNATURES</B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="TEXT-INDENT: 37.5pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>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 thereunto duly authorized.</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>Dated: September 30, 2009</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><B><BR></B></P><B>
<P
style="TEXT-INDENT: 223.9pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>QUALSEC</B></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: 223.9pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: -14pt; FONT-SIZE: 12pt"
align=justify>By: <U>/s/ Edward Bukstel</U></P>
<P
style="TEXT-INDENT: 459.2pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><U><BR></U></P>
<P
style="TEXT-INDENT: 223.9pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edward Bukstel</P>
<P
style="TEXT-INDENT: 223.9pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=justify><BR><BR></P>
<P
style="LINE-HEIGHT: 14pt; MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"
align=center>10</P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P>
<P style="MARGIN: 0pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><BR></P></BODY>
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Converted by EDGARwiz
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) September 28,
2009
QUALSEC
(Exact name of registrant as specified in its charter)
Wyoming
(State or other jurisdiction of incorporation)
0-52907
20-5776355
(Commission File Number)
(IRS Employer Identification No.)
996 Old Eagle School Road, Suite 1102, Wayne, Pennsylvania
19087
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(435)
713-0566
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:
[] Written communications pursuant to Rule 425 under the
Securities Act
[] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act
[] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act.
1
Item
1.
01.
Entry into a Material
Definitive Agreement
Item 2.01.
Completion of Acquisition or Disposition of
Assets
.
On September 28, 2009, pursuant to an Agreement and Plan of
Reorganization dated September 28, 2009 the Registrant acquired all of the
membership interests of Vitamin Spice, LLC, a Delaware limited liability company
("Vitamin Spice"),  in exchange for 100,000,000 newly issued shares of
common stock.  As a result of the acquisition, and the other issuances set
forth in Item 3.02 below,  there are now approximately 121,000,000 shares
of common stock outstanding. (All share numbers in this Current Report give
effect to the 1-for-30 reverse stock split filed with the state of Wyoming on
September 9, 2009.The precise number of outstanding shares may be slightly
higher due to rounding shares issued in the reverse stock split.
Information with respect to the business of Vitamin Spice as
required by Item 2.01(f) of Form 8-K is set forth under Item 8.01 hereof. This
information is supplementary to the general information regarding the Registrant
set forth in its Annual Report on Form 10-K for the year ended December 31,
2008. The Registrant divested itself of its electronic sensor business in August
2009.
Item 3.02.
Unregistered Sales of Equity Securities
The Registrant issued 100,000,000 shares of common stock to the
ten interest holders of Vitamin Spice. In connection with the acquisition, 13
holders of options to purchase 44,000 interests of Vitamin Spice shall be
offered the opportunity to exchange their options for options to purchase shares
of the Registrant, on the same ratio as the exchanging members of Vitamin Spice.
If all the optionees exchange, the Registrant will issue options to purchase an
aggregate of 3,469,143 shares. The offer and sale was made pursuant to the
exemption provided by Section 4(2) of the Securities Act, as offers or sales
made without any advertising or general solicitation. There was no underwriter
involved.
On the closing, the Registrant issued 50,000 shares to its
retiring officer and director, Learned J. Hand, for services rendered. The offer
and sale was made pursuant to the exemption provided by Section 4(6) of the
Securities Act, on the basis that Mr. Hand, as a director and executive office,
 is an accredited investor under Rule 501(a)(4) of the Securities Act.
On the closing, and as a condition thereto, the five holders of
the Registrant's $130,000 in convertible promissory notes issued on March 12,
2008 and May 27, 2008 converted their notes into a total of 15,793,333 shares of
common stock. The shares were issued under the exemption provided by Section
3(a)(9) of the Securities Act, as a security exchanged by the issuer with its
existing security holders exclusively where no commission or other remuneration
is paid or given directly or indirectly for soliciting such exchange.
2
Item 5.01
.
Changes in Control of Registrant
A change of control took place on September 28, 2009 as a result
of the acquisition of Vitamin Spice.  Control was assumed from Learned J.
Hand, the former officer and director of the Registrant. The names of the
current directors and executive officers of the Registrant and holders of more
than 5% of the outstanding shares of common stock and the number of shares held
and the percentage of the total issued and outstanding Common Stock (the only
voting security) of the Registrant owned by each of them are as follows.
Number
Percentage
of Shares
of Shares
Name
Office
Owned(1)
Owned
Edward Bukstel
President and Director
42,092,264(2)
34.8%
Dror Rom
Secretary and Director
27,439,300
22.7%
David McTamney
--
9,341,360
7.8%
Boas Gonen
--
9,944,875
8.2%
All officers
and directors
as a group  (2 persons)
69,531,564
57.5%
(1)
Except as otherwise noted, shares are owned beneficially and of
record, and such record shareholder has sole voting, investment, and dispositive
power.
(2)
The Registrant has also filed an amendment to the Articles of
Incorporation authorizing 50 million shares of Class A Senior Preferred Stock,
which preferred stock has the same preferences and rights as common stock but
will entitle the holder to 10 votes per share. It is intended that Mr. Bukstel
will exchange his shares of common stock for an equal number of shares of this
preferred stock, which will provide him with voting rights equal to 420,922,640
shares of common stock.
Item 5.02.
Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers
Learned J. Hand resigned as an officer and director of Qualsec as
of the closing of the Vitamin Spice acquisition. He has reviewed the statements
in this Current Report with respect to his resignation and declined to provide a
letter.  Mr. Hand is not obligated to furnish a letter.
In
connection with the acquisition of Vitamin Spice, Edward Buskstel was appointed
as Chief Executive and  Financial Officer and Dror Rom was appointed as
Secretary. Messrs. Bukstel and Rom were also appointed as new members of the
Board of Directors.  The following information is provided in connection
with the appointment of these officers and directors.
3
Edward
Bukstel, age 47, founded Vitamin Spice in February 2008.   Edward
has18 years of data integration, data security, and communications experience.
He has successfully licensed systems and services to companies, including
international pharmaceutical and managed care organizations. Edward was a
founding member of the ASTM E1238 Standard that became integrated into HL7. He
has been a national speaker on electronic data interchange and has been a guest
lecturer at The Wharton Business School. Mr. Bukstel is a founder of an internet
search engine application iprecis.com and has consulted for various public
companies in industries ranging from satellite communications to financial
transactions.  He is the founder of the Freedom Calls Foundation providing
free communications solutions for troops in Iraq.  Bukstel was nominated
for the
Zachary and Elizabeth Fisher Humanitarian Award
, the highest
civilian honor awarded by the Department of Defense. Bukstel also provided
innovative Satcom solutions as an EVP at Skyframes, Inc., Mr. Bukstel was a Vice
President at Synetic and CareInsite Corporation (currently WebMD).  Mr.
Bukstel was also President of the information systems division of a NASDAQ
listed company.
Edward
holds a Bachelor of Sciences from Muhlenberg College and has completed PhD
graduate coursework in Molecular Biology from Temple University.
Dror
Rom, age 53, is CEO of Prosoft Corporation, a company serving the pharmaceutical
industry.  Dror holds a PhD in Statistical Analysis.  Dr. Rom is a
noted expert in statistical analysis for pharmaceuticals and represents clients
before the FDA.
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
By resolution of its board of directors, the Registrant approved
the amendment of the articles of incorporation to change the name of the
Registrant to Vitamin Spice, LLC. The amendment is expected to be approved by
consent action of majority shareholders and filed with the Wyoming Secretary of
State on or about October 9, 2009, and to be effective 20 days thereafter,
subject to mailing an information statement to the Registrant's shareholders.
The Registrant also filed an amendment to the Articles of Incorporation on
September 9, 2009 to effect a 1-for-30 reverse stock split and to permit
shareholders of the Registrant to approve corporate actions via consent action
in lieu of a meeting, provided such consenting shareholders hold the number of
shares which, if present at a meeting, would be sufficient to approve such
action. The Registrant has also filed an amendment to the Articles of
Incorporation authorizing 50 million shares of Class A Senior Preferred Stock,
which preferred stock has the same preferences and rights as common stock but
will entitle the holder to 10 votes per share. It is intended that Mr. Bukstel
will exchange his shares of common stock for an equal number of shares of this
preferred stock.
Item 8.01.
Other Events
The following information with respect to the business of Vitamin
Spice as required by Item 2.01(f) of Form 8-K is set forth below.
When used in this Form 8-K, the words "expects," "anticipates,"
"estimates" and similar expressions are intended to identify forward-looking
statements. Such statements are subject to risks and uncertainties, including
those set forth below under "Risks and Uncertainties," that could cause actual
results to differ materially from those projected. These forward-looking
statements speak only as of the date hereof. The Registrant expressly disclaims
any obligation or undertaking to release publicly any updates or revisions to
any forward-looking statements contained herein to reflect any change in the
Registrant's expectations with regard thereto or any change in events,
conditions or circumstances on which any statement is based. This discussion
should be read together with the financial statements and other financial
information included in this Form 8-K.
4
Risk Factors
We have only a limited operating history.
We have not
had sales until the current quarter. We have never been profitable. We cannot
therefore forecast with any accuracy the results of operations for the next
fiscal year, nor predict our need for cash. Our sales may not grow as
anticipated, and sales are dependent on consumer acceptance of our products, our
ability to market to retailers, the effect of competition, and general economic
factors beyond our control.
We are dependent on our founder, Mr. Edward Bukstel
. We
have no employment contract with him and have not obtained any key man life
insurance with respect to Mr. Bukstel. The loss of his services would severely
adversely affect Vitamin Spice.
Mr. Bukstel controls the Registrant
. The Registrant has
authorized Class A Senior Preferred Stock to be issued to Mr. Bukstel, which
would provide him with 420,922,640 voting rights or approximately 84% of the
total voting rights. Mr. Bukstel would thereupon be able to determine all
matters brought before shareholders, and the ability of other parties to effect
a takedover bid of the Registrant would be severely restricted.
Our product is subject to claims for product liability
. As
any food product, we may be subject to product recalls or lawsuits for product
liability. We have no insurance against these contingencies.
Competitors are significantly larger and better capitalized,
with longer operating history and greater brand recognition
. Our product is
not patented, and our product niche could be infiltrated by any one of our
competitors. Competition would adversely affect our sales and profitability.
There is only a limited public trading market for the common
stock.
Our common stock will be a "penny stock" (as defined in Exchange Act
Rule 3a-51) for the foreseeable future  which means that brokers can only
buy or sell the common stock on an unsolicited basis. The penny stock rule and
similar regulations will reduce the likelihood that a liquid trading market will
arise for the common stock. The common stock may trade at less than the offering
price. Because our stock will be a "penny stock" a shareholder may find it more
difficult to dispose of, or to obtain accurate quotations as to the price of,
our common stock.
We may raise capital in future offerings
. We cannot predict
the terms of these offerings nor the price at which shares of common stock may
be offered. An offering might require the participation of institutional
investors, which are more likely to demand more stringent terms for any
placement.  We  have not determined the terms for any offering.
 Any future offering may be for common stock, or may be for a security with
rights superior to that of the common stock. In connection with any offering, we
may be required to add investor's representatives to the Board of Directors, or
may be required to commit to other conditions. If other conditions are not met,
existing investors could have their rights or equity ownership substantially
diluted. We cannot at this time determine the terms of any follow-on offering or
whether it will ever occur.
5
Business
Vitamin Spice, a Delaware limited liability company organized in
April 2008, is a continuation of a sole proprietorship founded in February 2008
by Edward Bukstel. As a result of the exchange transaction reported in Item 2.01
above, Vitamin Spice became a wholly-owned subsidiary of the Registrant. All
operations are carried out through this subsidiary. Our principal office address
is 996 Old Eagle School Road, Suite 1102, Wayne, Pennsylvania and our telephone
is 610-994-1657.
Vitamin Spice develops and markets a unique line of
vitamin-enriched gourmet spices. Through June 30, 2009, VS was engaged in
product development and preliminary marketing. We had no sales until the quarter
ended September, 2009. Our initial product line features  ground pepper,
 cinnamon, granulated garlic and crushed red pepper packaged in plastic
screw top shakers, similar to the currently available packaging used for spices
in general. We use gourmet quality spices and high quality vitamin ingredients.
Vitamins are specially formulated so as to be taste neutral. Our retail price
point is expected to be $6.00 - $8.00 which represents a 10% - 20% premium over
other high quality spices, that DO NOT have the added vitamins and nutritional
supplements.
Our product is designed for persons who wish to supplement their
nutritional needs conveniently and as part of their daily diet, and for little
if any additional cost compared to conventional spices. A one-half teaspoon (2.1
gr.) serving of our granulated garlic, for example, provides 82% of the minimum
daily requirement for Vitamin C, 54% of most B Vitamins and 22% of Vitamin B12.
Our products are kosher, 100% natural, vegetarian and free of nuts and gluten,
and are therefore appropriate for nearly all consumers. Vitamin Spice can be
sprinkled onto any food or beverage, and can be used at the end of the cooking
process up to 200 °F.
As of September 17, 2009, we are negotiating national distribution
agreements with companies serving the food service, health food, and traditional
grocery chains.  We also believe we can market our product in bulk  to
schools and other institutional food preparers. School districts have shown
strong interest in our product as a way to improve nutrition.
Raw material for our products is available from a large number of
sources. Vitamin Spice products are packaged in standard PET recyclable shaker
bottles. We have designed our own labeling  based on informal market
research. Samples of our packaged product can be viewed at our website,
www.vitaminspice.net. We formulate our products at our warehouse and ship
directly ourselves, but as our business grows we may outsource warehousing,
packaging and shipping to third parties. We expect no difficulty in locating
appropriate and experienced third parties for this outsourcing.
Our marketing efforts to date have been based on trade shows to
the restaurant and food service industries. Our products are also available for
purchase through our website. We do not expect internet sales to be a
significant percentage of sales in the near future
We have 2 full employees and  3 part time employees.
Our executive offices and warehouse consist of 783 square feet of
office space in Wayne, PA. The lease expires August 30, 2010.
Our
product competes with those offered by companies such as McCormick and Spice
Islands, as well as private label brands and a large number of smaller or
regional spice companies. We consider our product to compete favorable with all
competitors on the basis of taste and on the fact that currently there are no
other vitamin-enriched spices on the market. However, our product is expected to
be sold at a premium to the competitor's products, and our competitors generally
have longer operating histories, stronger branding, and significantly greater
financial resources.
6
Intellectual
Property
A
provisional patent has been filed with the USPTO.  Certain formulations of
vitamins, herbs, and minerals are more suitable for cooking preparations at
higher temperatures. The Company has retained the Law Firm of IP Design, a
dedicated intellectual property law firm to represent VitaminSpice.
  Vitamin Spice  has submitted a provisional patent application
with the US Patent and Trademarks office for those formulations and process that
the company appropriate. Trademarks have been applied for all key brand names
used in our products.  We are examining closely the possibility that the
combination of new delivery (e.g. shaker-top) and ingredients is patentable.
 A trademark application has been filed with the USPTO for Vitamin
Spice.
Our competitors may enter our market niche, which would adversely
affect sales and margins for our product.
Management
Information regarding our management is set forth in Item 5.03 of
this Current Report. We have no employment agreements at this time. Mr. Bukstel
receives a salary of $4400 per month plus health insurance, and other incidental
benefits which do not exceed $10,000 in value per year. Our directors serve
without compensation.
Management's Discussion and Analysis
Results of Operations. For the year ended June 30, 2009 and the
period inception (February 2008 to June 30, 2008) we had no sales. Our net
losses were $169,690 and $11,900 (unaudited) for 2009 and 2008, respectively.
These numbers are being audited and are subject to change. Most of our expenses
in these periods represented advertising, marketing and product development
costs. Due to limited funds, we have not paid a regular salary to our Chief
Executive Officer. In the year ended June 30, 2010, we expect to continue to
expend significant amounts for marketing and advertising; increase salary to Mr.
Bukstel to no less than $6,500 per month; require additional expenditures for
accounting and internal controls; incur significant expenditures for other costs
relating to being public; and in general increase our general and administrative
expenses. We cannot forecast the level of expenses for 2010. Likewise, because
we have limited sales to date, we cannot forecast our sales levels for 2010.
Liquidity. Our capital needs have been met to date by the sale of
membership interests in our Vitamin Spice subsidiary, which were approximately
$250,000 through June 30, 2009. Subsequent to June 30, 2009, and in anticipation
of our going public through a reverse merger transaction, we have obtained
$48,000 in funding through the issuance of promissory notes which provide for an
annual interest rate of 8%.
Our need for capital in the year ended
June 30, 2010 will depend on sales growth; if sales increase significantly, we
will need substantial funding for working capital needs. Management believes
that as a public company it can obtain equity financing and possibly bank
financing, but we have no credit lines at this time and no arrangements for any
financing have been entered into.
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Critical Accounting Policies. Revenue is recognized as products
are delivered to the customer or retailer.  That is, the arrangements of
the sale are documented, the product is shipped to the customer or retailer, the
pricing becomes final, and collectability is reasonably assured. The Registrant
will record accounts receivable for sales which have been delivered but for
which money has not been collected.  There are no accounts receivable on
any period presented. The allowance for doubtful accounts, which is based upon
management's evaluation of numerous factors, including a predictive analysis of
the outcome of the current portfolio and prior credit loss experience, is deemed
adequate to cover reasonably expected losses inherent in the outstanding
receivables.  The Registrant charges off uncollectible accounts when
management estimates no possibility of collecting the related receivable.
 For customer purchases paid in advance, the Registrant records a liability
until products are shipped.  There was no outstanding unearned revenue from
product sales as of any periods presented.  Inventories are stated at the
lower of cost or market, cost being determined on a first-in, first-out method.
 The Registrant has no inventory as of any period presented.
Off Balance Sheet Arrangements. We do not have any off-balance
sheet arrangements that have or are reasonably likely to have a current or
future effect on our financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital expenditures or
capital resources that is material to investors.
Item 9.01.  Financial Statements and Exhibits
(a)
Financial Statements.
To be filed by amendment.
(b) Exhibits
2.1 Agreement and Plan of Reorganization between Vitamin Spice,
LLC and the Registrant.
3.3 Amendment to Articles of Incorporation to effect reverse stock
split and permit shareholder consent actions.
3.4  Proposed amendment to Articles of Incorporation to
change the name of the Registrant to Vitamin Spice, LLC
3.5. Amendment to Articles of Incorporation to provide for Class A
Senior Preferred Stock.
21.
Vitamin Spice, LLC is a wholly owned Delaware subsidiary of the Registrant. No
trade names are employed.
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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 thereunto duly authorized.
Dated: September 30, 2009
QUALSEC
By:
/s/ Edward Bukstel
Edward Bukstel
Chief Executive Officer
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