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) - October 29, 2008


                          LIQUOR GROUP WHOLESALE, INC.
                    ---------------------------------------
               (Exact Name of Registrant as Specified in Charter)


        COLORADO                        333-147526               84-1039267
   -----------------------      ------------------------     -------------------
    (State or Other             (Commission File Number)       (IRS Employer
      Jurisdiction                                           Identification No.)
   of Incorporation)

      4600 Touchton Road
      Building 100, Suite 150
      Jacksonville, FL                                  32224
----------------------------------------           --------------
(Address of Principal Executive Offices)             (Zip Code)

                                 (904) 285-5885
                    ---------------------------------------
              (Registrant's telephone number, including area code)

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

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 (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))



<PAGE>



Item 2.02. Results of Operations and Financial Condition.

     On October 14, 2008,  Liquor Group Wholesale,  Inc. LIQR.OB (the "Company")
issued a press release announcing, among other things, its financial results for
the year and three  months  ended  August  31,  2008.  A copy of the  Release is
furnished  as  Exhibit  99,  together  with the  Company's  unaudited  financial
statements for the year and three months ended August 31, 2008.

     The  Company has been  unable to  facilitate  the upload of its 2008 fiscal
year end financial data to the market quotation services.  The information which
is  considered  vital to  investors  that was  provided  by the  Company  to the
Securities and Exchange Commission (SEC) on October 15, 2008 in an 8-K filing is
not updating the trading information online with may of the world's most popular
securities websites.  Company  representatives have made every effort to get the
proper information to present to the market quotation services,  however at this
time none have responded to the postings.

     The  information  contained in the 8-K report filed with the SEC on October
15,  2008 has been  included  in this 8-K  report in the hopes  that the  market
quotation services will update their information.

Item 7.01.  Regulation FD Disclosure.

     See Item 2.02 of this report.

Item 9.01.  Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.  Description
-----------  -----------

99           Press Release and unaudited financial statements. .





                                       2

<PAGE>


                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, Liquor
Group Wholesale,  Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                        LIQUOR GROUP WHOLESALE, INC.

                                        By:     /s/ Jason Bandy
                                                ------------------------------
                                                Jason Bandy
                                                Chief Financial Officer

Date: October 29, 2008





                                       3

<PAGE>

                                  EXHIBIT INDEX

Exhibit No.  Description

99           Press Release and unaudited financial statements.


Liquor Group Wholesale, Inc. Announces Fiscal 2008 Results;  Operating Income at
22% - Profitable for the year, Unaffected by the Credit Crunch

Jacksonville,  Florida October 14, 2008:  Liquor Group  Wholesale,  Inc. (OTCBB:
LIQR) today announced its results for their fiscal fourth quarter of 2008.

The Company  announced  unaudited net income on a U.S. GAAP basis of $324,923 or
$0.037  per  share,  for the  fourth  quarter  of its  fiscal  year and  overall
unaudited  results of fiscal 2008. These figures include the costs of the merger
with North  American  Food & Beverage  including  the time  consuming and costly
process of bringing the newly merged Company back into full reporting compliance
with the  Securities  and Exchange  Commission to allow it to trade again on the
public markets.

Some of the  Company's  key  financial  highlights  for the fiscal  year of 2008
include the following:

     o    Gross margin of 30%

     o    Operating income of 22.6%

     o    Cash Flow from  Operations  of $0.034 per share (9.5 Million  weighted
          average in Q4)

     o    $19,025,702 Market Capitalization ($2.00 per share S1 price)

     o    33.5% Net Income

     o    Current Ratio of +1.21 (Liquidity)


C. J. Eiras,  President  and CEO  commented,  "The Company has  continued to see
positive  developments in its operations as evidenced by the strong  performance
in the final quarter of our fiscal year.  The Net Income of $324,923 from fourth
quarter operations  demonstrates that even in this tough economy our Company was
still  profitable.  The  continued  expansion of high margin brand sales coupled
with increased  market presence and continued growth of our portfolio has led to
positive sales."

Mr. Eiras continued,  "The areas of our core business  operations that have been
positively  impacted by our current  business  practices are increased  sales in
Control  States due to new  additions to our brand  representation  portfolio as
well as the expansion of our sales force selling products with increased margins
due to our buying power leverage.  We believe that with some of the US's leading
premium  products we can take  advantage of the growing trends in the spirit and
wine market as well as the value priced products that are increasingly  becoming
more main stream."

The Company earned net income per share of $0.038 for the quarter which would be
higher except for the one-time  costs of the merger with North American Food and
Beverage  Corp.  The Company  provides  these  results to investors so that they


                                       4
<PAGE>

might gain better insight into its underlying  business  trends from  continuing
operations.  The  Company  also  enjoys  the  use of a $22  million  dollar  net
operating tax loss captured from North  American Food and Beverage in the merger
in August of 2007,  an asset that has already  come in handy every  quarter this
year to offset tax due on net profits.

The Company does not use any form of bank financing, floor plans or other credit
facilities in its' business.  The Company's  business model provides  insulation
from the current credit market squeeze. Distributors following the "traditional"
business model for spirits  distribution  must have access to credit in order to
pay for the supplies of products they buy for distribution. The Company's Patent
Pending bailment system allows the Company to pay only for the product sold with
collected  funds,  eliminating  the need for  increasingly  expensive  and tight
credit sources.  This essential  difference  between the  "traditional"  and the
Company's  business model  increases the Company's  access to many specialty and
mid-level brands as other distributors,  following the "traditional"  model, are
forced to eliminate  brands in their  portfolios  as the credit  crunch makes it
increasingly difficult for them to locate financing.

The Company currently  represents more than 1700 spirit and wind brands in 31 US
States  and is one  of the  top  emerging  national  distributors  of  alcoholic
beverages  in the US. The  Company  uses 31 state  level  customer  distribution
centers to make available many of the world's leading alcohol  beverage  brands,
including  Happy Vodka,  Tequila,  Rum and Gin,  Trump Vodka and Trump  Flavored
Vodkas, Pendleton's Canadian Whisky, Pravda Vodka, Old St Andrews Scotch Whisky,
Azzaro Wines, Old Whisky River Bourbon and many others ranging from value priced
to super  premium.  Liquor  Group's  Single Malt Scotch  selection  is among the
largest in the United  States  representing  many top  Scotch  Specialists  with
offerings from all major Scotch Distillers including:  Macallan,  Highland Park,
Glenlivet,  Ardmore,  Bowmore,  Bruichladdich,  Cao  Isla,  Longmorn,  Edradour,
Rosebank, Mortlach, Glen Elgin, Old Pulteney and Craiganmore.

This press release contains forward-looking statements within the meaning of the
Private  Securities  Litigation Reform Act of 1995.  Forward-looking  statements
involve  known and  unknown  risks and  uncertainties  that may cause the actual
results,  performance or achievements of the Company to be materially  different
from any  future  results,  performance,  achievements  expressed  or implied by
forward-looking   statements.   Investors  are  cautioned  that  forward-looking
statements  are not  guarantees of future  performance  and that undue  reliance
should not be placed on such statements. The Company undertakes no obligation to
publicly update, revise or restate any other forward-looking statements, whether
as a result of new information,  future events or otherwise,  unless required to
do so by securities laws. Investors are referred to the full discussion of risks
and uncertainties  included in the Company's registration statement on Form S-1.

Contact:
Liquor Group Wholesale, Inc.
www.LiquorGroup.com
904-285-5885


                                       5
<PAGE>


                          LIQUOR GROUP WHOLESALE, INC.

                                 BALANCE SHEETS
                      AUGUST 31, 2008 (UNAUDITED) AND 2007


                                                 2008
                                              (Unaudited)         2007
                                              -----------        ------
ASSETS

   Cash and cash equivalents                  $      821       $  130,000
   Accounts receivable                         1,994,609        1,328,774
                                              -----------      -----------
       Total current assets                    1,995,430        1,458,774
                                              -----------      -----------
       TOTAL ASSETS                           $1,995,430       $1,458,774
                                              ===========      ===========
LIABILITIES
   Accounts payable                           $1,261,524       $1,050,187
   Other liabilities                             226,503          239,779
   Notes payable, unsecured, without
    interest                                      78,900           78,900
                                              -----------      -----------
       Total current liabilities               1,566,927        1,368,866
                                              -----------      -----------

COMMITMENTS AND CONTINGENCIES                          -                -
                                              -----------      -----------
       TOTAL LIABILITIES                       1,566,927        1,368,866
                                              -----------      -----------

STOCKHOLDERS' EQUITY
  Convertible preferred stock, Series A,
   $0.0001 par value, 2,000,000 shares
   authorized, issued and outstanding 953,460         95               95
  Common stock, $0.0001 par value,
   100,000,000 shares authorized, issued
   and outstanding 9,512,851  at 2008 and
   9,504,557 at 2007.                                952              951
  Additional paid in capital                      24,839           46,660
  Retained earnings                              402,617           42,202
                                              -----------      -----------
       Total stockholders' equity                428,503           89,908
                                              -----------      -----------
         TOTAL LIABILITIES AND
         STOSTOCKHOLDERS' EQUITY              $1,995,430       $1,458,774
                                              ===========      ===========



                                       6
<PAGE>


                          LIQUOR GROUP WHOLESALE, INC.

                            STATEMENTS OF OPERATIONS
                               FOR THE YEARS ENDED
                      AUGUST 31, 2008 (UNAUDITED) AND 2007


                                          2008
                                       (Unaudited)               2007
                                       -----------            -----------

SALES                                  $1,075,694             $1,128,625

COST OF SALES                             784,624                985,721
                                       -----------            -----------
GROSS PROFIT                              291,070                142,904
                                       -----------            -----------

OPERATING EXPENSES
 Professional and consulting fees          23,910                    292
 Personnel and administrative costs        24,047                 34,580
 Insurance                                 16,440                      -
 Interest expense                          13,421                      -
 Rent                                      12,500                  4,553
 Licenses and fees                         10,244                  2,412
 Bank service charges                       7,863                 12,642
 Other                                      6,632                  4,273
                                       -----------            -----------
       Total operating expenses           115,057                 58,752
                                       -----------            -----------
OTHER INCOME
  Income from termination of vendor
   contracts                              184,402                      -
                                       -----------            -----------
INCOME BEFORE PROVISION
     FOR INCOME TAXES                     360,415                 84,152

PROVISION FOR INCOME TAXES                      -                 31,666
                                       -----------            -----------
NET INCOME                             $  360,415             $   52,486
                                       ===========            ===========




                                       7
<PAGE>

                          LIQUOR GROUP WHOLESALE, INC.

                            STATEMENTS OF OPERATIONS
                           FOR THE THREE MONTHS ENDED
                      AUGUST 31, 2008 (UNAUDITED) AND 2007


                                                  August 31,      August 31,
                                                    2008             2007
                                                    -----            ----
                                                 (Unaudited)      (Unaudited)
                                                 -----------      -----------

SALES                                            $  586,443       $  374,514

COST OF SALES                                       404,987          332,841
                                                 -----------      -----------

GROSS PROFIT                                        181,456           41,673
                                                 -----------      -----------

OPERATING EXPENSES                                   40,935            6,927
                                                 -----------      -----------

OTHER INCOME
 Income from termination of vendor contracts        184,402                -
                                                 -----------      -----------
INCOME BEFORE PROVISION
     FOR INCOME TAXES                               324,923           34,746

PROVISION FOR INCOME TAXES                                -           13,075
                                                 -----------      -----------

NET INCOME                                       $  324,923       $   21,671
                                                 ===========      ===========


                                       8
[{"type": "8-K", "sequence": "1", "filename": "lgw8k10-08.txt", "description": "OCTOBER 29, 2008 8-K", "secsgml_size_bytes": 17242}]
{"company-data": {"conformed-name": "Liquor Group Wholesale, Inc.", "cik": "0001031425", "assigned-sic": "5180", "irs-number": "841039267", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22095", "film-number": "081148926"}, "business-address": {"street1": "4600 TOUCHTON ROAD, BUILDING 100", "street2": "SUITE 150", "city": "JACKSONVILLE", "state": "FL", "zip": "32246", "phone": "904-285-5885"}, "mail-address": {"street1": "4600 TOUCHTON ROAD, BUILDING 100", "street2": "STE 150", "city": "JACKSONVILLE", "state": "FL", "zip": "32246"}, "former-company": [{"former-conformed-name": "EAST COAST BEVERAGE CORP /CO/", "date-changed": "20001205"}, {"former-conformed-name": "USA SERVICE SYSTEMS INC", "date-changed": "19981202"}, {"former-conformed-name": "PRINCETON MANAGEMENT CORP", "date-changed": "19970124"}]}
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) - October 29, 2008

                          LIQUOR GROUP WHOLESALE, INC.
                    ---------------------------------------
               (Exact Name of Registrant as Specified in Charter)

        COLORADO                        333-147526               84-1039267
   -----------------------      ------------------------     -------------------
    (State or Other             (Commission File Number)       (IRS Employer
      Jurisdiction                                           Identification No.)
   of Incorporation)

      4600 Touchton Road
      Building 100, Suite 150
      Jacksonville, FL                                  32224
----------------------------------------           --------------
(Address of Principal Executive Offices)             (Zip Code)

                                 (904) 285-5885
                    ---------------------------------------
              (Registrant's telephone number, including area code)

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

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 (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 2.02. Results of Operations and Financial Condition.

     On October 14, 2008,  Liquor Group Wholesale,  Inc. LIQR.OB (the "Company")
issued a press release announcing, among other things, its financial results for
the year and three  months  ended  August  31,  2008.  A copy of the  Release is
furnished  as  Exhibit  99,  together  with the  Company's  unaudited  financial
statements for the year and three months ended August 31, 2008.

     The  Company has been  unable to  facilitate  the upload of its 2008 fiscal
year end financial data to the market quotation services.  The information which
is  considered  vital to  investors  that was  provided  by the  Company  to the
Securities and Exchange Commission (SEC) on October 15, 2008 in an 8-K filing is
not updating the trading information online with may of the world's most popular
securities websites.  Company  representatives have made every effort to get the
proper information to present to the market quotation services,  however at this
time none have responded to the postings.

     The  information  contained in the 8-K report filed with the SEC on October
15,  2008 has been  included  in this 8-K  report in the hopes  that the  market
quotation services will update their information.

Item 7.01.  Regulation FD Disclosure.

     See Item 2.02 of this report.

Item 9.01.  Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.  Description
-----------  -----------

99           Press Release and unaudited financial statements. .

                                       2
SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, Liquor
Group Wholesale,  Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                        LIQUOR GROUP WHOLESALE, INC.

                                        By:     /s/ Jason Bandy
                                                ------------------------------
                                                Jason Bandy
                                                Chief Financial Officer

Date: October 29, 2008

                                       3
EXHIBIT INDEX

Exhibit No.  Description

99           Press Release and unaudited financial statements.

Liquor Group Wholesale, Inc. Announces Fiscal 2008 Results;  Operating Income at
22% - Profitable for the year, Unaffected by the Credit Crunch

Jacksonville,  Florida October 14, 2008:  Liquor Group  Wholesale,  Inc. (OTCBB:
LIQR) today announced its results for their fiscal fourth quarter of 2008.

The Company  announced  unaudited net income on a U.S. GAAP basis of $324,923 or
$0.037  per  share,  for the  fourth  quarter  of its  fiscal  year and  overall
unaudited  results of fiscal 2008. These figures include the costs of the merger
with North  American  Food & Beverage  including  the time  consuming and costly
process of bringing the newly merged Company back into full reporting compliance
with the  Securities  and Exchange  Commission to allow it to trade again on the
public markets.

Some of the  Company's  key  financial  highlights  for the fiscal  year of 2008
include the following:

     o    Gross margin of 30%

     o    Operating income of 22.6%

     o    Cash Flow from  Operations  of $0.034 per share (9.5 Million  weighted
          average in Q4)

     o    $19,025,702 Market Capitalization ($2.00 per share S1 price)

     o    33.5% Net Income

     o    Current Ratio of +1.21 (Liquidity)

C. J. Eiras,  President  and CEO  commented,  "The Company has  continued to see
positive  developments in its operations as evidenced by the strong  performance
in the final quarter of our fiscal year.  The Net Income of $324,923 from fourth
quarter operations  demonstrates that even in this tough economy our Company was
still  profitable.  The  continued  expansion of high margin brand sales coupled
with increased  market presence and continued growth of our portfolio has led to
positive sales."

Mr. Eiras continued,  "The areas of our core business  operations that have been
positively  impacted by our current  business  practices are increased  sales in
Control  States due to new  additions to our brand  representation  portfolio as
well as the expansion of our sales force selling products with increased margins
due to our buying power leverage.  We believe that with some of the US's leading
premium  products we can take  advantage of the growing trends in the spirit and
wine market as well as the value priced products that are increasingly  becoming
more main stream."

The Company earned net income per share of $0.038 for the quarter which would be
higher except for the one-time  costs of the merger with North American Food and
Beverage  Corp.  The Company  provides  these  results to investors so that they

                                       4
might gain better insight into its underlying  business  trends from  continuing
operations.  The  Company  also  enjoys  the  use of a $22  million  dollar  net
operating tax loss captured from North  American Food and Beverage in the merger
in August of 2007,  an asset that has already  come in handy every  quarter this
year to offset tax due on net profits.

The Company does not use any form of bank financing, floor plans or other credit
facilities in its' business.  The Company's  business model provides  insulation
from the current credit market squeeze. Distributors following the "traditional"
business model for spirits  distribution  must have access to credit in order to
pay for the supplies of products they buy for distribution. The Company's Patent
Pending bailment system allows the Company to pay only for the product sold with
collected  funds,  eliminating  the need for  increasingly  expensive  and tight
credit sources.  This essential  difference  between the  "traditional"  and the
Company's  business model  increases the Company's  access to many specialty and
mid-level brands as other distributors,  following the "traditional"  model, are
forced to eliminate  brands in their  portfolios  as the credit  crunch makes it
increasingly difficult for them to locate financing.

The Company currently  represents more than 1700 spirit and wind brands in 31 US
States  and is one  of the  top  emerging  national  distributors  of  alcoholic
beverages  in the US. The  Company  uses 31 state  level  customer  distribution
centers to make available many of the world's leading alcohol  beverage  brands,
including  Happy Vodka,  Tequila,  Rum and Gin,  Trump Vodka and Trump  Flavored
Vodkas, Pendleton's Canadian Whisky, Pravda Vodka, Old St Andrews Scotch Whisky,
Azzaro Wines, Old Whisky River Bourbon and many others ranging from value priced
to super  premium.  Liquor  Group's  Single Malt Scotch  selection  is among the
largest in the United  States  representing  many top  Scotch  Specialists  with
offerings from all major Scotch Distillers including:  Macallan,  Highland Park,
Glenlivet,  Ardmore,  Bowmore,  Bruichladdich,  Cao  Isla,  Longmorn,  Edradour,
Rosebank, Mortlach, Glen Elgin, Old Pulteney and Craiganmore.

This press release contains forward-looking statements within the meaning of the
Private  Securities  Litigation Reform Act of 1995.  Forward-looking  statements
involve  known and  unknown  risks and  uncertainties  that may cause the actual
results,  performance or achievements of the Company to be materially  different
from any  future  results,  performance,  achievements  expressed  or implied by
forward-looking   statements.   Investors  are  cautioned  that  forward-looking
statements  are not  guarantees of future  performance  and that undue  reliance
should not be placed on such statements. The Company undertakes no obligation to
publicly update, revise or restate any other forward-looking statements, whether
as a result of new information,  future events or otherwise,  unless required to
do so by securities laws. Investors are referred to the full discussion of risks
and uncertainties  included in the Company's registration statement on Form S-1.

Contact:
Liquor Group Wholesale, Inc.
www.LiquorGroup.com
904-285-5885

                                       5
LIQUOR GROUP WHOLESALE, INC.

                                 BALANCE SHEETS
                      AUGUST 31, 2008 (UNAUDITED) AND 2007

                                                 2008
                                              (Unaudited)         2007
                                              -----------        ------
ASSETS

   Cash and cash equivalents                  $      821       $  130,000
   Accounts receivable                         1,994,609        1,328,774
                                              -----------      -----------
       Total current assets                    1,995,430        1,458,774
                                              -----------      -----------
       TOTAL ASSETS                           $1,995,430       $1,458,774
                                              ===========      ===========
LIABILITIES
   Accounts payable                           $1,261,524       $1,050,187
   Other liabilities                             226,503          239,779
   Notes payable, unsecured, without
    interest                                      78,900           78,900
                                              -----------      -----------
       Total current liabilities               1,566,927        1,368,866
                                              -----------      -----------

COMMITMENTS AND CONTINGENCIES                          -                -
                                              -----------      -----------
       TOTAL LIABILITIES                       1,566,927        1,368,866
                                              -----------      -----------

STOCKHOLDERS' EQUITY
  Convertible preferred stock, Series A,
   $0.0001 par value, 2,000,000 shares
   authorized, issued and outstanding 953,460         95               95
  Common stock, $0.0001 par value,
   100,000,000 shares authorized, issued
   and outstanding 9,512,851  at 2008 and
   9,504,557 at 2007.                                952              951
  Additional paid in capital                      24,839           46,660
  Retained earnings                              402,617           42,202
                                              -----------      -----------
       Total stockholders' equity                428,503           89,908
                                              -----------      -----------
         TOTAL LIABILITIES AND
         STOSTOCKHOLDERS' EQUITY              $1,995,430       $1,458,774
                                              ===========      ===========

                                       6
LIQUOR GROUP WHOLESALE, INC.

                            STATEMENTS OF OPERATIONS
                               FOR THE YEARS ENDED
                      AUGUST 31, 2008 (UNAUDITED) AND 2007

                                          2008
                                       (Unaudited)               2007
                                       -----------            -----------

SALES                                  $1,075,694             $1,128,625

COST OF SALES                             784,624                985,721
                                       -----------            -----------
GROSS PROFIT                              291,070                142,904
                                       -----------            -----------

OPERATING EXPENSES
 Professional and consulting fees          23,910                    292
 Personnel and administrative costs        24,047                 34,580
 Insurance                                 16,440                      -
 Interest expense                          13,421                      -
 Rent                                      12,500                  4,553
 Licenses and fees                         10,244                  2,412
 Bank service charges                       7,863                 12,642
 Other                                      6,632                  4,273
                                       -----------            -----------
       Total operating expenses           115,057                 58,752
                                       -----------            -----------
OTHER INCOME
  Income from termination of vendor
   contracts                              184,402                      -
                                       -----------            -----------
INCOME BEFORE PROVISION
     FOR INCOME TAXES                     360,415                 84,152

PROVISION FOR INCOME TAXES                      -                 31,666
                                       -----------            -----------
NET INCOME                             $  360,415             $   52,486
                                       ===========            ===========

                                       7
LIQUOR GROUP WHOLESALE, INC.

                            STATEMENTS OF OPERATIONS
                           FOR THE THREE MONTHS ENDED
                      AUGUST 31, 2008 (UNAUDITED) AND 2007

                                                  August 31,      August 31,
                                                    2008             2007
                                                    -----            ----
                                                 (Unaudited)      (Unaudited)
                                                 -----------      -----------

SALES                                            $  586,443       $  374,514

COST OF SALES                                       404,987          332,841
                                                 -----------      -----------

GROSS PROFIT                                        181,456           41,673
                                                 -----------      -----------

OPERATING EXPENSES                                   40,935            6,927
                                                 -----------      -----------

OTHER INCOME
 Income from termination of vendor contracts        184,402                -
                                                 -----------      -----------
INCOME BEFORE PROVISION
     FOR INCOME TAXES                               324,923           34,746

PROVISION FOR INCOME TAXES                                -           13,075
                                                 -----------      -----------

NET INCOME                                       $  324,923       $   21,671
                                                 ===========      ===========

                                       8