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      MH 1 8-K
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES&#160;</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION&#160;</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      D.C. 20549</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;

      <div>
        <hr style="COLOR: black" align="center" noshade size="2" width="50%">
      </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FORM
      8-K&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of 1934</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="39%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
                of Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March
                18, 2007</font></div>
            </td>
            <td valign="middle" width="39%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Mezey
      Howarth Racing Stables, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      name of registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td valign="bottom" width="21%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="bottom" width="21%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><br><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>000-52529</u></font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="bottom" width="21%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">20-8623320</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction of incorporation)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="top" width="21%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                File Number)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer Identification No.)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">600
      Anton</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">Costa
      Mesa, CA 92626</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address,
      including zip code, of principal executive offices) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td align="left" valign="top" width="39%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
                telephone number, including area code </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(949)
                429-4007</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="middle" width="39%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MH
      1,
      INC. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">600
      Anton</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">Costa
      Mesa, CA 92626</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
      name or former address, if changed since last report.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below): </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#168;
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#168;
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12) <br></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#168;
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b)) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#168;
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c)) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        1.01</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Entry
        into a Material Definitive Agreement.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></strong></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mezey
        Howarth Racing Stables acquired an interest in the race horse Dixie's Ruler
        on
        May 18, 2007.&#160; </font></div>
      <div align="left">&#160;</div>
      <div align="left">&#160;</div>
      <div align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div align="left">&#160;</div>
          <div align="left"><font size="2"><strong>Item 5.06 Change in Shell Company
            Status.</strong></font></div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Prior
      to
      acquistion of Dixie's Ruler on May 18, 2007, the Company was a &#8220;shell company&#8221;
as defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange
      Act.
      As described in Item 1.01 above, which is incorporated by reference into this
      Item 5.06, the Company ceased being a shell company upon completion of the
      acquistion of Dixies Ruler.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font size="2"><br></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        1.
        Description of Business. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font size="2"><font size="2"><strong><u>Overview</u></strong></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div align="left">&#160;</div>
      <div align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mezey
          Howarth Racing Stables, Inc. was incorporated under the laws of the State
          of
          Nevada on February&#160; 27, 2007 under the name of MH 1. On June 12, 2007 the
          Company changed it's name to Mezey Howarth Racing Stables, Inc. We formed
          the
          company for the purpose of buying, selling and racing&#160;thoroughbred race
          horses of every age from broodmares, weanlings, and yearlings to racing
          age
          horses. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font size="2"><strong><u>Corporate
          Information<br></u></strong></font>
          <div align="left">&#160;</div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            Company was originally organized as a &#8220;blank check&#8221; shell company to investigate
            and acquire a target company or business seeking the perceived advantages
            of
            being a publicly held corporation.&#160; However, the Company began operations
            as a racing <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">stable
            on
            May 18, 2007 with </font>the acquisition of Dixie's Ruler.&#160;Our principal
            office is located at 600 Anton, 11th Floor, Costa Mesa, CA 92626 and
            our
            telephone number is (949) 429-4007<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.&#160;</font></font></div>
          <div align="left">&#160;</div>
          <div align="left"><font size="2"><strong><u>Our Business</u></strong></font></div>
          <div align="left">&#160;</div>
          <div align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
              Company was organized to engage in all phases of the thoroughbred horse
              racing
              industry including, but not limited to, acquiring, breeding, racing
              and selling
              thoroughbred racehorses, broodmares and their offspring both privately
              and at
              public auction.&#160; </font><font size="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
              of
              June 12, 2007, the Company ownes an interst in&#160;four horses. We anticipate
              the acquisition of up to 25&#160;additional horses prior to December
              31,&#160;2007.&#160; The company acquires horses for the purpose of racing and
              to be resold.</font></font></div>
          </div>
          <div align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company contracts with trainers for each horse, which is stabled
                with the
                trainer.&#160; The trainers used by the Company maintain their stables at the
                various racetracks.&#160; </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
                general, we intend to operate in a number of areas. Our primary operations
                and
                their criteria are as follows: 1. Purchase of horses through claimer
                races&#160;
to continue racing and possibly&#160;resold. 2. Purchase of yearlings to race
                as&#160;two-year olds, which also may be resold. 3. Purchase of allowance
                and
                stakes caliber racehorse to be raced. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  Companies buy horses with a view towards winning purse moneys.&#160; Generally,
                  the purse distribution from a race gives 60% of the purse to the
                  winner, 20% of
                  the purse to the second place finisher, 10% of the purse to the
                  third placed
                  horse, with 6% and 4% respectively going to the 4th and 5th place
                  finishers.
</font></div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Competition</u></strong></font></div>
                <div align="left">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  racing of thoroughbred horses is highly competitive. The Company
                  is in
                  competition with entities that have greater financial resources
                  and greater
                  experience than the Company, thus having greater ability to purchase
                  and race
                  better quality horses than the Company.&#160;&#160; The competitors include, but
                  not limited to,&#160;STD Racing, Robert Bome, Arindel Farms and Juddmonte
                  Farms.</font></div>
                <div align="left">&#160;</div>
                <div align="left">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Thoroughbred
                    Industry Terminology</u></strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Allowance
                    race</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a race
                    in which a horse runs without a claiming price, and therefore
                    cannot be claimed.
                    Allowance races are run according to conditions of eligibility.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bloodstock
                    agent</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    broker who represents the purchaser or seller (or both) or Thoroughbreds
                    at
                    public or private sale, general in exchange for a commission</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Broodmare</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    female horse in foal or previously used for breeding.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Broodmare
                    prospect</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    filly or mare that has not been bred.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Claiming
                    race</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a race
                    in which a horse carries a price tag which indicates the price.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Colt</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a male
                    horse under 5 years of age.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Conformation</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - the
                    structure of a thoroughbred as determined by the arrangement
                    of its
                    parts.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consignor</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - an
                    owner of a thoroughbred, or an agent of an owner, who has contracted
                    with a
                    sales company for sale of a horse at a public auction.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dam</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - the
                    female parent of a horse.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Farrier</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    person who trims and shoes horses&#8217; hoofs.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Filly</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    female horse under 5 years of age.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Foal</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - the
                    young offspring of a horse, usually a horse under 1 year of age.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gelding</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    castrated male horse.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Horse</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - an
                    uncastrated male horse after his 5</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">th</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    birthday.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
                    Foal</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - refers
                    to a pregnant broodmare. </font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mare</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    female horse 5 years of age or older.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Purse</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - the
                    amount of money designated by the race track in which the entrants
                    of the race
                    are running for a specific percentage of according to their finish
                    position.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Select
                    Sale</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    public auction of Thoroughbreds with certain conformation and
                    pedigree
                    restrictions in contrast to an open sale where the only requirement
                    is an entry
                    fee.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sire
                    </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
                    a
                    stallion which has produced a foal.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stake
                    race</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a race
                    that is run for a higher purse where there is an entrance fee
                    which applies in
                    order to compete.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stallion</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a male
                    horse used for breeding.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stallion
                    Prospect</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
                    an
                    uncastrated male horse that has not been bred; usually a horse
                    still in training
                    or recently retired from racing.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sound</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a term
                    used to denote a Thoroughbred&#8217;s health and freedom from disease or
                    lameness.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Speed
                    Figure</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    final time analysis of a particular horse in a race after adjustments
                    of a track
                    variant and beaten lengths are applied.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Suckling</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    Thoroughbred still nursing.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Trip</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    - a
                    course of action a horse encounters during a race.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Weanling</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                    -
                    Thoroughbred foal which has been weaned from its dam.</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>RISK
                      FACTORS</u></strong></font></div>
                    <div align="left">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                      purchase of these securities involves a high degree of risk.
                      Prospective
                      investors should carefully consider the following facts, among
                      others set forth
                      in this Prospectus, before making a decision to purchase the
                      securities offered
                      hereby. Risk Factors Relating to the Company </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>1.
                      Limited Operating History and Revenues.</u> The Company was organized on
                      Feburary 2007 and began operations on May 18, 2007.&#160; Consequently, the
                      Company has only a limited operating history and limited revenues.
                      Activities to
                      date have been limited to acquiring an interest in certain
                      thoroughbreds,
                      organizational efforts and obtaining initial financing. The
                      Company must be
                      considered in the developmental stage.&#160; Prospective investors should be
                      aware of the difficulties encountered by such enterprises,
                      as the Company faces
                      all the risks inherent in any new business, including the absence
                      of any prior
                      operating history, need for working capital and intense competition.
                      The
                      likelihood of success of the Company must be considered in
                      light of such
                      problems, expenses and delays frequently encountered in connection
                      with the
                      operation of a new business and the competitive environment
                      in which the Company
                      will be operating. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>2.
                      Limited Capitalization and Lack of Working Capital.</u> The Company has
                      extremely limited capitalization and is dependent on the proceeds
                      of this
                      offering, achieving profitable operations and receipt of additional
                      financing to
                      continue as a going concern. The Company has substantial commitments
                      for
                      boarding and training of its existing Thoroughbreds and repayment
                      of debt, in
                      addition to proposed capital expenditures for additional Bloodstock.
                      In the
                      event the Company receives no or nominal proceeds from this
                      offering,
                      acquisition of additional racing prospects and Bloodstock would
                      be curtailed.
                      Even assuming receipt of maximum proceeds from this offering,
                      the Company will
                      likely require additional capital from outside sources in order
                      to continue as a
                      going concern. The Company will endeavor to finance its need
                      for additional
                      working capital through debt or private equity financing. Additional
                      debt
                      financing would be sought only in the event that equity financing
                      failed to
                      provide the Company necessary working capital. Debt financing
                      may require the
                      Company to mortgage, pledge or hypothecate its assets, and
                      would reduce cash
                      flow otherwise available to pay operating expenses and acquire
                      additional
                      assets. Debt financing would likely take the form of short-term
                      financing
                      provided by officers and directors of the Company, to be repaid
                      from future
                      equity financing. Additional equity financing is anticipated
                      to take the form of
                      one or more private placements to qualified investors under
                      exemptions from the
                      registration requirements of the 1933 Act or a subsequent public
                      offering.
                      However, there are no current agreements or understandings
                      with regard to the
                      form, time or amount of such financing and there is no assurance
                      that any of
                      this financing can be obtained or that the Company can continue
                      as a going
                      concern. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>3.
                      No
                      Assured Racing Prospects.</u> While the Company has an interest in&#160;two
                      different Thoroughbreds as of the date of this Prospectus,
                      only four of the
                      horses are of sufficient age and temperament to permit racing.
</font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>4.
                      Dependence on a Limited Number of Prospects.</u> The success of the Company will
                      be dependent on only a limited number of prospects. Injury
                      or loss to any one of
                      these prospects could substantially and adversely effect the
                      Company's
                      operations. The Company has endeavored to reduce this risk
                      by obtaining
                      mortality and surgical insurance on three of the prospects
                      currently owned, but
                      there is no assurance that this insurance will be continued
                      or that it will
                      insure against all loses which might be incurred. Nonetheless,
                      the Company's
                      future financial success will depend on the limited number
                      of horses currently
                      owned until the Company can expand and diversify its stable.
</font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>5.
                      Dependence on Key Personnel</u>. Initially, success of the Company is entirely
                      dependent upon the management efforts and expertise of Messrs.
                      J. Wade Mezey and
                      Paul Howarth and trainers to be retained by the Company. A
                      loss of the services
                      of any of these individuals could adversely affect the conduct
                      of the Company's
                      business. In such event, the Company would be required to obtain
                      other personnel
                      to manage and operate the Company, and there can be no assurance
                      that the
                      Company would be able to employ a suitable replacement for
                      either of such
                      individuals, or that a replacement could be hired on terms
                      which are favorable
                      to the Company. The Company currently maintains no key man
                      insurance on the
                      lives of any of its officers or directors. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>6.
                      Conflict of Interest.</u> Officers and directors of the Company are subject to
                      potential conflicts of interest in their service to the Company.&#160; the
                      Company's interest in Dixie's Ruler was purchased from Paul
                      Howarth.&#160;
Accordingly, the terms and conditions of that acquisition were
                      not negotiated in
                      arms length transactions. The Company did not obtain an independent
                      appraisal of
                      the value of the interest in that Thoroughbred. However, management
                      is of the
                      opinion that the terms and conditions of the transaction was
                      no less favorable
                      than could be obtained from since the company paid the same
                      amount that Mr.
                      howarth paid for his interest in Dixie's Ruler.&#160; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Since
                      each of the officers and directors is engaged in other business
                      enterprises, and
                      has not devoted their full time to the affairs of the Company,
                      they are also
                      subject to potential conflicts with regard to time, effort
                      and corporate
                      opportunity. Messrs. McElhaney, Mezey and Howarth are each
                      engaged in a variety
                      of other businesses, both within and without the Thoroughbred
                      industry.
                      None&#160;of the officers or directors will devote full time to the affairs
                      of
                      the Company. However, officers and directors are aware of their
                      fiduciary duty
                      to the Company and believe they have sufficient time to devote
                      to its affairs.
                      In addition, each of the officers and directors is aware of
                      the doctrine of
                      corporate opportunity as it relates to their position as officers
                      and directors.
                      It is anticipated that Messrs. Mezey and Howarth will devote
                      approximately 50%
                      of their time to the affairs of the Company.</font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>7.
                      Intense Competition.</u> There are numerous nationally and internationally-known
                      corporations and entities which are engaged in the type of
                      business proposed to
                      be engaged in by the Company. Numerous individuals and entities
                      are engaged as
                      owners and trainers of Thoroughbred racehorses, both within
                      the United States
                      and abroad. Competition for the acquisition and training of
                      thoroughbred
                      prospects is intense. All of these entities seek to place racing
                      prospects in
                      the premier races throughout the United States, such as the
                      Kentucky Derby, the
                      Preakness and Belmont Stakes. In the case of disposition of
                      the Company's
                      Thoroughbreds, the Company would be competing against major
                      breeders and dealers
                      at private and public sales. Most of these competitors have
                      substantially
                      greater financial and personnel resources than the Company.
                      Accordingly, the
                      Company will be at a competitive disadvantage vis-a-vis its
                      competitors.
</font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>8.
                      Control of the Company.</u>&#160;&#160;Management currently controls 80% of the
                      Company. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>9.
                      Lack of Dividends</u>. The Company has paid no dividends on its Common Stock
                      to
                      date, and there are no plans to pay any in the foreseeable
                      future. Initial
                      earnings which the Company may realize, if any, will be retained
                      to finance
                      growth of the Company. Any future dividends, of which there
                      can be no assurance,
                      will be directly dependent upon the earnings of the Company,
                      its financial
                      requirements and other factors. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>10.
                      Possible Rule 144 Sales and Market Overhang.</u> An aggregate of 5,000,000
                      shares of the Common Stock presently outstanding are "restricted
                      securities"
                      within the meaning of the 1933 Act and may hereafter be sold
                      in compliance with
                      Rule 144 promulgated thereunder. Rule 144 provides, among other
                      things, and
                      subject to certain limitations, that a person holding restricted
                      securities for
                      a period of one year may sell, every three months, those securities
                      in brokerage
                      transactions in an amount equal to 1% of the Company's outstanding
                      Common Stock
                      or the average weekly trading volume during the four weeks
                      preceding the sale,
                      whichever amount is greater. After two years, holders of restricted
                      stock who
                      are not affiliates of the Company may apply to sell all restricted
                      stock free of
                      restrictions. Possible sales of the Company's Common Shares
                      pursuant to Rule 144
                      may, in the future, have a depressive effect on the price of
                      the Company's
                      Common Shares. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>1</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>1.
                      Preferred Stock Authorized.</u> The Articles of Incorporation of the Company, as
                      amended, authorize the issuance of a maximum of 10,000,000
                      shares of Preferred
                      Stock, par value $.001 per share. Although no Preferred Stock
                      has been issued or
                      is outstanding as of the date of this Prospectus, and there
                      is no plan to issue
                      any in the&#160;foreseeable future, the terms of a series of Preferred Stock
                      could operate to the significant disadvantage of holders of
                      outstanding Common
                      Stock. Such terms can include, among others, preferences as
                      to voting, dividends
                      and distributions on liquidation. Moreover, the issuance of
                      Preferred Stock in
                      certain circumstances could have the effect of delaying, deterring
                      or preventing
                      a change in control of the Company. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>12.
                      Risks Related to Thoroughbred Racing.</u> The business of training and racing
                      thoroughbreds is a high-risk venture. There is no assurance
                      that any
                      thoroughbred acquired by the Company will possess qualities
                      of a championship
                      character. While a thoroughbred may have an excellent bloodline,
                      there is no
                      assurance that the racing performance of the thoroughbred will
                      conform to the
                      bloodline. Moreover, thoroughbreds are subject to injury and
                      disease which can
                      result in forced retirement from racing, or at the extreme,
                      natural death or
                      euthanasia of the animal. There can be no assurances that the
                      value of the
                      thoroughbreds which may be acquired and owned by the Company,
                      will not decrease
                      in the future or that the Company will not subsequently incur
                      losses on the
                      racing careers or sale or other disposition of any or all of
                      the thoroughbreds
                      which the Company may acquire. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>13.
                      Valuation of Thoroughbreds.</u> The valuation of thoroughbreds is a highly
                      speculative matter and prices have fluctuated widely in recent
                      years. The
                      success of the Company is dependent upon the present and future
                      values of
                      thoroughbreds generally, and of the Company's Thoroughbreds
                      in particular, as
                      well as the racing success of the Company's Thoroughbreds.
                      Although the future
                      value of thoroughbreds generally cannot be predicted, it will
                      be affected by the
                      state of the economy, the amount of money available for investment
                      purposes, and
                      the continued interest of investors and enthusiasts in the
                      thoroughbred
                      industry. The expense of maintaining, boarding, training and
                      racing
                      thoroughbreds can be expected to increase during the term of
                      the Company,
                      regardless of what happens to the future market price of thoroughbreds
                      or the
                      performance of the Company Thoroughbreds. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>14.
                      Thoroughbred Racing Business</u>. Thoroughbred racing is extremely speculative
                      and expensive. In the event that the Company Thoroughbreds
                      were to be
                      transported to various tracks and training centers throughout
                      the United States,
                      and thus exposed to many other horses in training, the risk
                      of injury or death
                      increases significantly. The Company's Thoroughbreds must earn
                      enough through
                      racing to cover expenses of boarding and training. If the Company
                      Thoroughbreds
                      are unsuccessful in racing, their value will be adversely affected,
                      as will the
                      shareholders' investment therein. Furthermore, revenues from
                      racing are
                      dependent upon the size of the purses offered. The size of
                      the purses depends in
                      general on the extent of public interest in thoroughbred racing,
                      and in
                      particular on the relative quality of the specific horses in
                      contention in any
                      specific meeting or race. Although public interest has been
                      strong in recent
                      years, there is no assurance that public interest will remain
                      constant, much
                      less increase. Legalized gambling proliferating in many states
                      threatens to
                      curtail interest in horse racing as a means of recreation.
                      In addition, there is
                      no assurance that the Company Thoroughbreds will be of such
                      quality that they
                      may compete in any races which offer purses of a size sufficient
                      to cover the
                      Company's expenses. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>15.
                      Government Regulation of Racing.</u> The racing future of and/or market for the
                      Company's Thoroughbreds depends upon continuing governmental
                      acceptance of
                      thoroughbred racing as a form of legalized gambling. In the
                      opinion of
                      management, thoroughbred racing is gaining a greater governmental
                      acceptance and
                      a dependence as a source of revenue. However, at any time,
                      thoroughbred racing
                      could be subjected to restrictive regulation or banned entirely.
                      The value of
                      the Company's Thoroughbreds would be substantially diminished
                      by any such
                      regulation or ban. Thoroughbred racing is regulated in various
                      states and
                      foreign countries by racing regulatory bodies with which the
                      owners of
                      thoroughbred racehorses must be licensed. In addition, many
                      regulatory bodies
                      require the licensing of a stable name for owners racing their
                      racehorses under
                      such a designation. All of the current officers, directors
                      and principal
                      shareholders are currently licensed as owners by the Colorado
                      and Kentucky
                      racing commissions. As a result of these current licenses,
                      the lack of any
                      disciplinary actions against these individuals, and their reputation
                      within the
                      industry, management does not anticipate any obstacles to registration
                      in other
                      states. However, there is no assurance that necessary registrations
                      can be
                      completed. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>16.
                      Uninsured Losses.</u>&#160; Mortality insurance insures against the death of a
                      horse during the Company's ownership. Surgical insurance covers
                      possible risks
                      of injury during racing or training. However, there is no assurance
                      that
                      insurance will be purchased, or that all of the horses will
                      be covered, or that
                      the amount of insurance will be adequate, or that it will insure
                      against all
                      risks. Risks Relating to the Offering </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>17.&#160;
                      Uncertainty of Market for Thoroughbreds.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                      Several
                      major broodmare and yearling sales dominate the public auction
                      market, although
                      there is also a substantial and active private market of Thoroughbred
                      bloodstock. Sales of racehorses at public auction can be used
                      as a yardstick of
                      the relative increases or decreases in the value of racehorses,
                      but there is
                      still a dominant private market about which no statistics are
                      available. If the
                      Thoroughbred racing industry suffers a decline, or if general
                      economic
                      conditions deteriorate, the average sales price in the Thoroughbred
                      market may
                      decline. If general economic conditions deteriorate, the average
                      sales price in
                      the Thoroughbred market may decline and, as a result, the owner
                      could suffer
                      substantial losses from its proposed operations. Moreover,
                      many of the factors
                      that affect the prices paid for Thoroughbreds are beyond the
                      owner&#8217;s control.
                      Among these factors are the presence of purchasers who buy
                      for speculative
                      purposes, the apparent attractiveness of Thoroughbreds to foreign
                      investors, the
                      federal income tax treatment of racing and related activities,
                      the rules of The
                      Jockey Club prohibiting artificial insemination, the continuation
                      or expansion
                      of legalized gambling (including the legalization of gambling
                      on other sporting
                      events) and the size of racing purses.</font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font size="2"><u>18.&#160;
Racetrack
                        Attendance and
                        Wagering.</u><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                        Some
                        commentators believe that a decrease in average attendance
                        per racing date
                        coupled with increasing costs could jeopardize the continued
                        existence of
                        certain racetracks. However, support for ailing racetracks
                        in some states have
                        increased with the advent of intertrack wagering and
                        simulcasting.</font></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>19.&#160;
                        Involvement by Foreign Interests.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                        Foreign
                        purchasers have accounted for a significant portion of the
                        purchases of the most
                        expensive yearlings and racehorses over the past decade.
                        Any number of factors,
                        including world economic and political conditions, the development
                        of
                        foreigners&#8217; own bloodstock bands, restrictions upon the international
                        transfer
                        of funds, the strength of the American dollar compared to
                        foreign governments,
                        could adversely affect the prices paid for the racehorses
                        purchased by the
                        Partnership.</font></div>
                    </div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>20.
                      Penny Stock Regulation.</u> Broker-dealer practices in connection with
                      transactions in "Penny Stocks" are regulated by certain penny
                      stock rules
                      adopted by the Securities and Exchange Commission. Penny stocks
                      generally are
                      equity securities with a price of less than $5.00 (other than
                      securities
                      registered on certain national securities exchanges or quoted
                      on the NASDAQ
                      system). The penny stock rules require a broker-dealer, prior
                      to a transaction
                      in a penny stock not otherwise exempt from the rules, to deliver
                      a standardized
                      risk disclosure document that provides information about penny
                      stocks and the
                      risk associated with the penny stock market. The broker-dealer
                      must also provide
                      the customer with current bid and offer quotations for the
                      penny stock, the
                      compensation of the broker- dealer and its salesperson in the
                      transaction, and
                      monthly account statements showing the market value of each
                      penny stock held in
                      the customer's account. In addition, the penny stock rules
                      generally require
                      that prior to a transaction in a penny stock, the broker- dealer
                      must make a
                      written determination that the penny stock is a suitable investment
                      for the
                      purchaser and receive the purchaser's written agreement to
                      the transaction.
                      These disclosure requirements may have the effect of reducing
                      the level of
                      trading activity in the secondary market for a stock that becomes
                      subject to the
                      penny stock rules. If the Company's securities become subject
                      to the penny stock
                      rules, investors in this offering may find it more difficult
                      to sell their
                      securities. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>21.
                      Arbitrary Offering Price; Dilution.</u> The offering price, upon
                      listing,&#160;of the Common Shares offered hereunder will be determined by
                      the
                      Company, and bears no necessary relationship to the appraised
                      value of any
                      Bloodstock or any other ordinary investment criterion. In making
                      such
                      determination, the prospects for the Company's pursuit of its
                      proposed business
                      plan, the proceeds to be raised by this offering, the relative
                      costs and
                      expenses involved in acquiring and training thoroughbreds,
                      and the competition
                      and market for thoroughbreds racehorses were all considered.
                      In addition, since
                      the Company has not retained an underwriter for purposes of
                      this offering, the
                      offering price has not been subject to evaluation by any third
                      party as would be
                      the case in an underwritten offering. </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">22.
                      <u>Racing Customs</u>.<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                      Because
                      Thoroughbred racing is a sport as well as a business, industry
                      practices and
                      structures have developed which may have not been attributable
                      solely to
                      profit-maximizing economic decision-making.) For instance,
                      a particular
                      bloodline could command substantial prices owing principally
                      to the interest of
                      a small group of individuals having particular goals unrelated
                      to economics. A
                      decline in this interest could be expected to adversely affect
                      the value of the
                      bloodline.</font></font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>23.
                      Investors Bear Risk of Loss.</u> Substantially all of the proceeds required to
                      operate the Company for the next 12 months are being sought
                      from investors in
                      this offering. The investors of the Company will bear the risk
                      of the Company's
                      operations for the foreseeable future, with no assurance that
                      management will be
                      successful in applying the proceeds to increase growth and
                      profitability of the
                      Company.&#160; </font></div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>24.
                      Limitation on Share Ownership</u>. Existing regulations governing thoroughbred
                      racing in various states may limit the ability of individuals
                      and entities to
                      acquire and retain Common Shares of the Company. Such provisions
                      are designed to
                      regulate ownership and control of corporations engaged in thoroughbred
                      racing.
                      Such statutes provide that ownership of a substantial portion
                      of Common Shares,
                      generally greater than 5 or 10% of the outstanding equity in
                      a corporation, must
                      be approved by the racing commission in those jurisdictions
                      and submit to
                      background checks regarding financial history and criminal
                      record. In order to
                      comply with these regulations, the Company's Articles of Incorporation,
                      as
                      amended, contain a provision requiring shareholders to sell
                      their stock back to
                      the Company in the event such individuals or entities fail
                      or refuse to become
                      licensed where such license may be required. The repurchase
                      price for shares of
                      Common Shares subject to this provision is based on the prevailing
                      market price
                      of the Common Shares at the time of repurchase. </font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                  </div>
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </div>
            </div>
          </div>
          <div align="left"><font size="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CAUTIONARY
            STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font></div>
          <div align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
              information contained in this report, including in the documents incorporated
              by
              reference into this report, includes some statement that are not purely
              historical and that are &#8220;forward-looking statements.&#8221; Such forward-looking
              statements include, but are not limited to, statements regarding our
              and their
              management&#8217;s expectations, hopes, beliefs, intentions or strategies regarding
              the future, including our financial condition, results of operations,
              and the
              expected impact of the Share Exchange on the parties&#8217; individual and combined
              financial performance. In addition, any statements that refer to projections,
              forecasts or other characterizations of future events or circumstances,
              including any underlying assumptions, are forward-looking statements.
              The words
&#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;continue,&#8221; &#8220;could,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221;
&#8220;intends,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;plans,&#8221; &#8220;possible,&#8221; &#8220;potential,&#8221; &#8220;predicts,&#8221;
&#8220;projects,&#8221; &#8220;seeks,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; &#8220;would&#8221; and similar expressions, or the
              negatives of such terms, may identify forward-looking statements, but
              the
              absence of these words does not mean that a statement is not forward-looking.
              </font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
              forward-looking statements contained in this report are based on current
              expectations and beliefs concerning future developments and the potential
              effects on the parties and the transaction. There can be no assurance
              that
              future developments actually affecting us will be those anticipated.
              These
              forward-looking statements involve a number of risks, uncertainties
              (some of
              which are beyond the parties&#8217; control) or other assumptions that may cause
              actual results or performance to be materially different from those
              expressed or
              implied by these forward-looking statements.&#160; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">These
              risks and uncertainties, along with others, are also described above
              under the
              heading &#8220;Risk Factors.&#8221; Should one or more of these risks or uncertainties
              materialize, or should any of the parties&#8217; assumptions prove incorrect, actual
              results may vary in material respects from those projected in these
              forward-looking statements. We undertake no obligation to update or
              revise any
              forward-looking statements, whether as a result of new information,
              future
              events or otherwise, except as may be required under applicable securities
              laws.
</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>MANAGEMENT&#8217;S
                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                OPERATIONS</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                following discussion of mezey Howarth Racing Stables (referred to
                herein as the
&#8220;Company&#8221;, &#8220;Stables&#8221;, &#8220;we&#8221;, &#8220;our&#8221;, or &#8220;us&#8221;) financial condition and results of
                operations should be read in conjunction with its financial statements
                and the
                related notes, and the other financial information included in this
                information
                statement. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Forward-Looking
                Statements</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                following discussion should be read in conjunction with Asia Time&#8217;s consolidated
                financial statements and related notes included elsewhere in this
                Current Report
                on Form 8-K. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
                filing contains forward-looking statements. The words &#8220;anticipated,&#8221; &#8220;believe,&#8221;
&#8220;expect, &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;seek,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; and
                similar expressions are intended to identify forward-looking statements.
                These
                statements include, among others, information regarding future operations,
                future capital expenditures, and future net cash flow. Such statements
                reflect
                Asia Time&#8217;s management&#8217;s current views with respect to future events and
                financial performance and involve risks and uncertainties, including,
                without
                limitation, general economic and business conditions, changes in
                foreign,
                political, social, and economic conditions, regulatory initiatives
                and
                compliance with governmental regulations, the ability to achieve
                further market
                penetration and additional customers, and various other matters,
                many of which
                are beyond Asia Time&#8217;s control. Should one or more of these risks or
                uncertainties occur, or should underlying assumptions prove to be
                incorrect,
                actual results may vary materially and adversely from those anticipated,
                believed, estimated or otherwise indicated. Consequently, all of
                the
                forward-looking statements made in this filing are qualified by these
                cautionary
                statements and there can be no assurance of the actual results or
                developments.
</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Business</u></strong></font></div>
                </div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  general objective of the Company is to acquire Thoroughbred race
                  prospects, race
                  them and ultimately syndicate them to generate revenue and profit
                  for the
                  Company.&#160; Initially, revenue will be limited to the Company's portion of
                  any purses won by horses owned by the company during&#160;their racing
                  campaign.&#160; While the Company's administrative office is located in
                  California, it is anticipated that a some of its activities will
                  take place
                  outside that state. Public sales and premier races of thoroughbreds
                  are
                  primarily centered in Kentucky, California, New York and Florida.
</font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While
                    the
                    Company's business plan anticipates acquisition of additional
                    yearlings or
                    two-year olds in training to supplement existing horses, the
                    proceeds from this
                    offering will largely dictate the number and quality of additional
                    racing
                    prospects which the Company will obtain during 1998. Receipt
                    of no or nominal
                    proceeds from this offering will limit or curtail acquisition
                    of additional
                    prospects by the Company. In that event, Company resources will
                    be devoted to
                    boarding and training of existing Thoroughbreds and other required
                    expenses. If
                    the Company receives sufficient proceeds, one or more additional
                    Yearlings may
                    be acquired at public or private sales. </font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Important
                      factors in predicting racing success of Thoroughbreds are pedigree
                      and
                      conformation. Pedigree refers to the breeding history of the
                      horse determined by
                      bloodlines from the Sire and Dam. Conformation is the physical
                      attributes of the
                      horse as determined by personal observation. Management considers
                      both of these
                      attributes in selecting all of its Thoroughbreds, and anticipates
                      suitable
                      investigation for any future prospects acquired by the Company.
                      Management may
                      retain the services of outside consultants and veterinarians
                      to assist in
                      evaluation of future Bloodstock.&#160;&#160; <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
                      agreements currently exist with any consultants, and whether
                      management will
                      continue to utilize the services of the same consultants is
                      yet to be
                      determined; however, management would not hesitate to recommend
                      these
                      consultants for service in the future. Given the very large
                      number of prospects
                      placed into the market in any given year, management does anticipate
                      that it may
                      be necessary to enlist the aid of bloodstock agents in locating
                      thoroughbreds
                      suitable to the Company's purpose in the future. </font></font>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
                          the
                          event management determines it is in the best interest
                          of the Company to retain
                          the services of bloodstock consultants, the factors that
                          will be relied upon in
                          making such choices will include, but not be limited to:
                          the past relationship
                          between the Company and the consultant, if any; the consultant's
                          reputation
                          within the industry; the fees charged by the consultant
                          in performing services;
                          and the geographic area served by the consultant. In the
                          event management
                          determines it is in the best interest of the Company to
                          retain the services of a
                          bloodstock consultant, management anticipates the term
                          of the relationship will
                          be limited to performance of a specified project. Management
                          does not anticipate
                          that any long term relationships or agreements will be
                          entered into with any
                          consultant, although it reserves the right to do so should
                          it be determined to
                          be in the Company's best interest</font></div>
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                            Company contracts with trainers for each horse, which
                            is stabled with the
                            trainer.&#160; The trainers used by the Company maintain their stables
                            at the
                            various racetracks.&#160;&#160; <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accordingly,
                            all of its Thoroughbreds are boarded with independent
                            third
                            parties.</font></font>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                          </div>
                        </div>
                      </div>
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Many
                          factors will influence the Company's determination of whether
                          and where to race
                          the thoroughbreds acquired by the Company. Pedigree, past
                          performance,
                          conditioning and purses will be evaluated by the Company
                          in conjunction with any
                          trainers retained by the Company in plotting the horse's
                          racing campaign. While
                          no specific venue has been determined as of the date of
                          this Prospectus, it is
                          anticipated that the Thoroughbreds will be raced at the
                          race tracks in the
                          United States, as the condition and breeding of its Bloodstock
                          dictates.
                          Possible venues include Churchill Downs and Keeneland in
                          Kentucky, Hollywood
                          Park and Santa Anita in Los Angeles, Del Mar in San Diego,
                          Remington Park in
                          Oklahoma City, Aqueduct and Saratoga in New York, Arlington
                          Park in Chicago and
                          Garden State in New Jersey. Evaluation of racing venues
                          will depend primarily on
                          recommendations of trainers retained by the Company and
                          the condition, training
                          and breeding of Company racing prospects. Shareholders
                          may be provided specific
                          information as to important races in advance and results
                          following conclusion of
                          races conducted by thoroughbreds of the Company. </font></div>
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                      </div>
                    </div>
                  </div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Horses
                      not deemed qualified to be raced by the Company may be "pinhooked"
                      or resold by
                      the Company shortly following acquisition. Pinhooking can be
                      a means of reducing
                      the Company's risk in any particular prospect by transferring
                      the horse prior to
                      completion of his development. A ready market for resale of
                      Thoroughbred racing
                      prospects exists in various parts of the United States, and
                      management is
                      familiar with various sales in those venues. While pinhooking
                      may be utilized to
                      reduce the Company's risk in any single fiscal year, it is
                      not anticipated to be
                      a major source of revenue in the foreseeable future. </font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                  </div>
                </div>
              </div>
            </div>
          </div>
          <div align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
              the
              end of a racing season, any Company horses may be marketed for sale,
              syndicated
              or retained for future competition. The Company's ultimate objective
              is to
              syndicate one or more of its racing prospects which have demonstrated
              success
              during its racing campaign. Syndication of a racing Colt allows the
              owners to
              participate in stud fees generated through breeding. Syndication of
              a Filly or
              Mare allows the owners to participate in breeding and foaling by the
              Broodmare.
              Considerations affecting disposition of the horse following its racing
              season
              will be past performance, perceived value and state of the thoroughbred
              industry. Any decision to sell or syndicate Company horses will be
              made to
              maximize value to the Company and its shareholders. Any Company Thoroughbreds
              which are not sold or otherwise disposed of following completion of
              the racing
              season will be boarded by the Company. Typical locations for off-seasoning
              boarding include Kentucky, South Carolina, Florida, Arizona and California.
              </font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company's long term objective is to is develop a stable of race horses
                sufficient to generate a steady stream of revenue and profit. In
                order to
                achieve this objective, management anticipates the need for substantial
                additional capital. Depending upon the success of its initial efforts,
                on the
                state of the thoroughbred industry and other factors beyond the Company's
                control, management anticipates conducting a subsequent public offering
                in the
                future to obtain such capital. Syndication or sale of Company Thoroughbreds
                may
                also provide a source of capital. </font></div>
            </div>
          </div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Liquidity
      and Capital Resources</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At&#160;June
        12, 2007,&#160;the Company had a working capital of $200, consisting of current
        assets of $8,930 and current liabilities of $0. Management is of the opinion
        that the Company is dependent upon the obtaining additional capital and
        achieving profitable operations to continue as a going concern. The Company
        continues to require cash from outside sources to continue operations, as
        the
        Company's operations use, rather than provide cash.&#160; </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
      3.
</font><a name="property"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DESCRIPTION
      OF PROPERTY</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      company is provided space at 600 Anton, 11th Floor, Costa Mesa, CA 92626.&#160;
The space is provided by J. Wade Mezey and Paul Howarth.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
        4.
</font><a name="ownership"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITY
        OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        </font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        Security ownership of certain beneficial owners. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        following table sets forth, as of March 31, 2007the number of shares of Common
        Stock owned of record and beneficially by executive officers, directors and
        persons who hold 5% or more of the outstanding Common Stock of the Company.
        Also
        included are the shares held by all executive officers and directors as a
        group.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="19%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name
                  and Address</font></div>
              </td>
              <td align="left" valign="top" width="17%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amount
                  and Nature of Beneficial Ownership</font></div>
              </td>
              <td align="left" valign="top" width="19%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Percentage
                  of Class</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  M&#233;zey Howarth Group, Inc. (1)</font></div>
              </td>
              <td align="left" valign="top" width="17%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150,000</font></div>
              </td>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">100%</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">405A
                  Arenoso</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">San
                  Clemente, CA 92672</font></div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
              <td align="left" valign="top" width="19%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
              <td align="left" valign="top" width="19%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">All
                  Officers and Directors as a
                  group</font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(1
                  individual)</font></div>
              </td>
              <td align="left" valign="top" width="17%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">150,000</font></div>
              </td>
              <td align="left" valign="top" width="19%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">100%</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="2%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="top" width="51%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J.
                  Wade M&#233;zey is President, CFO and Secretary and Director of The M&#233;zey
                  Howarth Group, Inc. and Paul Howarth is Director of The M&#233;zey Howarth
                  Group, Inc and both own 50% of The M&#233;zey Howarth Group, Inc.&#160;
                  </font></div>
              </td>
            </tr>

        </table>
      </div>
      <div align="left"><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
        5.
</font><a name="officers"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DIRECTORS,
        EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        </font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        Identification of Directors and Executive Officers. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A.
        Identification of Directors and Executive Officers. The current officers
        and
        directors will serve for one year or until their respective successors are
        elected and qualified. They are: </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
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            <tr>
              <td align="left" valign="top" width="19%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name</font></div>
              </td>
              <td align="left" valign="top" width="19%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Age</font></div>
              </td>
              <td align="left" valign="top" width="19%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Position</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">&#160;</td>
              <td align="left" valign="top" width="19%">&#160;</td>
              <td align="left" valign="top" width="19%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J.
                  Wade M&#233;zey</font></div>
              </td>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">31</font></div>
              </td>
              <td align="left" valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President,
                  Chief Financial Officer, Secretary and
                  Director</font></div>
              </td>
            </tr>

        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J.
        Wade
        Mezey, Co-President/CFO/Director. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Mezey
        is our President and CFO and a member of the Board of Directors. Mr. Mezey
        was
        previously the President/COO of NAPP Tour, Inc. From 2004 - 2005, Mr. Mezey
        was
        the Chief Legal Officer and Interim Chief Accounting Officer of College
        Partnership, Inc. While at College Partnership Mr. M&#233;zey worked with the
        auditors and finance department to create a system of accounting control
        and
        procedures. From 2003 - 2004, Mr. M&#233;zey worked for Vision Direct Marketing as
        its Vice-President of Operations and General Counsel. From 2002 - 2003, Mr.
        M&#233;zey worked as an attorney in Washington D.C. Mr. M&#233;zey graduated from
        Georgetown University Law Center with an LL.M. in Securities and Financial
        Regulation. Mr. M&#233;zey received his J.D., with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">cum
        laude
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">honors,
        from New England School of Law and his B.S. from Virginia Commonwealth
        University. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">B.
        Significant Employees. None. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">C.
        Family
        Relationships. None. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">D.
        Involvement in Certain Legal Proceedings. None. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">E.
        The
        Board of Directors acts as the Audit Committee and the Board has no separate
        committees. The Company has no qualified financial expert at this time because
        it has not been able to hire a qualified candidate. Further, the Company
        believes that it has inadequate financial resources at this time to hire
        such an
        expert. The Company intends to continue to search for a qualified individual
        for
        hire. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
        6.
</font><a name="compensation"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXECUTIVE
        COMPENSATION</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        </font></a></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">None
        of
        the Company&#8217;s officers or directors has received any cash remuneration since
        inception. Officers will not receive any remuneration upon completion of
        the
        offering until the consummation of an acquisition. No remuneration of any
        nature
        has been paid for or on account of services rendered by a director in such
        capacity. None of the officers and directors intends to devote more than
        a few
        hours a week to our affairs. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">It
        is
        possible that, after the Company successfully consummates a business combination
        with an unaffiliated entity, that entity may desire to employ or retain one
        or a
        number of members of our management for the purposes of providing services
        to
        the surviving entity. However, the Company has adopted a policy whereby the
        offer of any post-transaction employment to members of management will not
        be a
        consideration in our decision whether to undertake any proposed transaction.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
        retirement, pension, profit sharing, stock option or insurance programs or
        other
        similar programs have been adopted by the Company for the benefit of its
        employees. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There
        are
        no understandings or agreements regarding compensation our management will
        receive after a business combination that is required to be included in this
        table, or otherwise. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
        7.
</font><a name="transactions"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CERTAIN
        RELATIONSHIPS AND RELATED TRANSACTIONS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        </font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
        as
        otherwise indicated herein, there have been no related party transactions,
        or
        any other transactions or relationships required to be disclosed pursuant
        to
        Item 404 of Regulation S-B. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          8.
</font><a name="securities"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DESCRIPTION
          OF SECURITIES</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
          Common or Preferred Stock. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          Company is authorized by its Certificate of Incorporation to issue an aggregate
          of 60,000,000 shares of capital stock, of which 60,000,000 are shares of
          common
          stock, par value $.001 per share (the "Common Stock"). As of March 31,
          2007,
          150,000 shares of Common Stock were issued and outstanding. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
          outstanding shares of Common Stock are of the same class and have equal
          rights
          and attributes. The holders of Common Stock are entitled to one vote per
          share
          on all matters submitted to a vote of stockholders of the Company. All
          stockholders are entitled to share equally in dividends, if any, as may
          be
          declared from time to time by the Board of Directors out of funds legally
          available. In the event of liquidation, the holders of Common Stock are
          entitled
          to share ratably in all assets remaining after payment of all liabilities.
          The
          stockholders do not have cumulative or preemptive rights. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          description of certain matters relating to the securities of the Company
          is a
          summary and is qualified in its entirety by the provisions of the Company's
          Certificate of Incorporation and By-Laws, copies of which have been filed
          as
          exhibits to this Form 10-SB. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
          Debt
          Securities. None. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
          Other
          Securities To Be Registered. None. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PART
          II</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          1.
</font><a name="Market"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MARKET
          FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
          Market Information. The Company's Common Stock is not trading on any stock
          exchange. The Company is not aware of any market activity in its Common
          Stock
          since its inception through the date of this filing. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
          Holders. As of March 31, 2007, there was 1 record holder of&#160;Mezey Howarth
          Racing Stables&#160;shares of the Common Stock. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
          Dividends. The Registrant has not paid any cash dividends to date and does
          not
          anticipate or contemplate paying dividends in the foreseeable future. It
          is the
          present intention of management to utilize all available funds for the
          development of the Registrant's business. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          2.
</font><a name="proceedings"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LEGAL
          PROCEEDINGS.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Presently,
          there are not any material pending legal proceedings to which the Registrant
          is
          a party or as to which any of its property is subject, and no such proceedings
          are known to the Registrant to be threatened or contemplated against it.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          3.
</font><a name="changes"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CHANGES
          IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
          DISCLOSURE</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There
          are
          not and have not been any disagreements between the Registrant and its
          accountants on any matter of accounting principles, practices or financial
          statement disclosure. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          4.
</font><a name="SALEOFSECURITIES"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RECENT
          SALES OF UNREGISTERED SECURITIES</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          Registrant issued 150,000 shares of Common Stock on February 27, 2007,
          to one
          accredited investors, for aggregate cash consideration of $2,180. The Registrant
          sold these shares of Common Stock under the exemption from registration
          provided
          by Section 4(2) of the Securities Act. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
          securities have been issued for services. Neither the Registrant nor any
          person
          acting on its behalf offered or sold the securities by means of any form
          of
          general solicitation or general advertising. No services were performed
          by any
          purchaser as consideration for the shares issued. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
          purchasers represented in writing that they acquired the securities for
          their
          own accounts. A legend was placed on the stock certificates stating that
          the
          securities have not been registered under the Securities Act and cannot
          be sold
          or otherwise transferred without an effective registration or an exemption
          therefrom, but may not be sold pursuant to the exemptions provided by Section
          4(1) of the Securities Act or Rule 144 under the Securities Act, in accordance
          with the letter from Richard K. Wulff, Chief of the Office of Small Business
          Policy of the Securities and Exchange Commission&#8217;s Division of Corporation
          Finance, to Ken Worm of NASD Regulation, Inc., dated January 21, 2000.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
          5.
</font><a name="INDEMIFICATION"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEMNIFICATION
          OF DIRECTORS AND OFFICERS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada
          General Corporation Law provides that a corporation may indemnify directors
          and
          officers as well as other employees and individuals against expenses including
          attorneys' fees, judgments, fines and amounts paid in settlement in connection
          with various actions, suits or proceedings, whether civil, criminal,
          administrative or investigative other than an action by or in the right
          of the
          corporation, a derivative action, if they acted in good faith and in a
          manner
          they reasonably believed to be in or not opposed to the best interests
          of the
          corporation, and, with respect to any criminal action or proceeding, if
          they had
          no reasonable cause to believe their conduct was unlawful. A similar standard
          is
          applicable in the case of derivative actions, except that indemnification
          only
          extends to expenses including attorneys' fees incurred in connection with
          the
          defense or settlement of such actions, and the statute requires court approval
          before there can be any indemnification where the person seeking indemnification
          has been found liable to the corporation. The statute provides that it
          is not
          exclusive of other indemnification that may be granted by a corporation's
          certificate of incorporation, bylaws, agreement, a vote of stockholders
          or
          disinterested directors or otherwise. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          Nevada General Corporation Law permits a corporation to provide in its
          certificate of incorporation that a director of the corporation shall not
          be
          personally liable to the corporation or its stockholders for monetary damages
          for breach of fiduciary duty as a director, except for liability for:
</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;
any
          breach of the director's duty of loyalty to the corporation or its stockholders;
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;
acts
          or
          omissions not in good faith or which involve intentional misconduct or
          a knowing
          violation of law; </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;
          payments of unlawful dividends or unlawful stock repurchases or redemptions;
          or
</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;
any
          transaction from which the director derived an improper personal benefit.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><a name="transactions"/></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      </div><br><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEZEY
          HOWARTH RACING STABLES, INC.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A
          Development Stage Company)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BALANCE
          SHEET</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ASSETS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
                    ASSETS:</font></div>
                </td>
                <td valign="middle" width="5%">
                </td>
                <td align="left" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
                <td align="left" valign="middle" width="8%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">As
                    of March 19, 2007</font></div>
                </td>
                <td valign="bottom" width="5%">
                </td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
                    of March 31, 2007</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(unaudited)</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cash</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="right" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
                    current assets</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
                    Assets</font></div>
                </td>
                <td align="left" valign="middle" width="5%">
                </td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="right" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LIABILITIES
                    AND STOCKHOLDERS&#8217; EQUITY</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="left" valign="middle" width="8%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LIABILITIES</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accrued
                    expenses</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="right" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
                    Liabilities</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">
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              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMMITMENTS
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                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STOCKHOLDERS&#8217;
                    EQUITY:</font></div>
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                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
                    stock, $.001 par value, 60,000,000 shares authorized, 150,000
                    shares
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                <td align="left" valign="middle" width="5%">
                </td>
                <td align="right" valign="bottom" width="5%">
                </td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150</font></div>
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                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150</font></div>
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              <tr>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additional
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                <td align="left" valign="middle" width="5%">
                </td>
                <td align="right" valign="bottom" width="5%">
                </td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,030</font></div>
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                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,030</font></div>
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                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accumulated
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                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
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                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
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              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
                    Stockholders&#8217; Equity </font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">&#160;</td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="bottom" width="8%">&#160;</td>
                <td align="left" valign="bottom" width="5%">&#160;</td>
                <td align="left" valign="middle" width="7%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Total
                    Liabilities and Stockholders&#8217; Equity</font></div>
                </td>
                <td align="left" valign="middle" width="5%">&#160;</td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td align="right" valign="bottom" width="8%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
                <td align="right" valign="bottom" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                </td>
                <td valign="middle" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                </td>
              </tr>

          </table>
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SEE
          ACCOMPANYING NOTES TO FINANCIAL STATEMENTS</font></div>
      </div>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div><font size="2"><br></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEZEY
        HOWARTH STABLES,&#160;INC.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A
        Development Stage Company)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STATEMENT
        OF OPERATIONS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" width="36%">&#160;</td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="center">&#160;</div>
              </td>
              <td valign="middle" width="11%">&#160;

                <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
                  the Period </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">from
                  February 27, 2007 (Inception) </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                  March 19, 2007</font></div>
              </td>
              <td valign="bottom" width="9%">
              </td>
              <td valign="middle" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
                  the Period</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">from
                  February 27, 2007 (Inception)to March 31,
                  2007(unaudited)</font></div>&#160;</td>
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            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REVENUE</font></div>
              </td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
              </td>
              <td align="right" valign="bottom" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-</font></div>
              </td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
              </td>
              <td align="left" valign="middle" width="9%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;-</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXPENSES</font></div>
              </td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>&#160;</td>
              <td align="right" valign="bottom" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1,980</font></div>
              </td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$
                  </font></div>
              </td>
              <td align="left" valign="middle" width="9%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font size="2">1,980</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NET
                  LOSS</font></div>
              </td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
              </td>
              <td align="right" valign="bottom" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
              </td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$
                  </font></div>
              </td>
              <td align="left" valign="middle" width="9%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font size="2">(1,980)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NET
                  LOSS PER COMMON SHARE - BASIC</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="9%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font size="2">
                  *</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="9%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WEIGHTED
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="11%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150,000</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$
                  </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="9%">
                <div>&#160;<font size="2">150,000</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="36%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*
                  Less than $.01</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td valign="middle" width="9%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SEE
        ACCOMPANYING NOTES TO FINANCIAL STATEMENTS</strong></font></div>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div><font size="2"><br></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">
        <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEZEY
          HOWARTH STABLES,&#160;INC.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A
          Development Stage Company)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STATEMENT
        OF CHANGES IN STOCKHOLDERS&#8217; EQUITY</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="bottom" width="24%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="middle" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
                  Stock Shares</font></div>
              </td>
              <td align="left" valign="middle" width="4%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" valign="middle" width="5%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">Amount</font></div>
              </td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;<font size="2">Additional
                </font>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Paid-in
                  Capital</font></div>
              </td>
              <td valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" valign="middle" width="5%">&#160;

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accumulated
                  Deficit During Development</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">Stage</font></div>
              </td>
              <td align="left" valign="bottom" width="4%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" valign="middle" width="5%">&#160;

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Total
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stockholders&#8217;Equity&#160;
                  </font></font></div>
              </td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="middle" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Balances,
                  February 27, 2007 (Inception)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="5%">&#160;</td>
              <td align="right" valign="bottom" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="5%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="5%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="4%">&#160;</td>
              <td align="right" valign="bottom" width="5%">&#160;</td>
              <td align="right" valign="bottom" width="4%">&#160;</td>
              <td align="left" valign="bottom" width="5%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sale
                  of common stock on March 14, 2007 at $.001 per </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">share</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150,000</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,030</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="left" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,180</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Net
                  loss</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
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              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">---</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
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              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
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              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
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              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="left" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
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              <td align="left" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">
                <div>&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div>&#160;</div>
              </td>
              <td align="left" valign="bottom" width="5%">
                <div>&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="24%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Balances
                  March 31, 2007</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150,000</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">150</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,030</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="1%">
                <div>&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="right" valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
            </tr>

        </table>
      </div>
      <div align="left"><br></div>
    </div>
    <div><font size="2"><br></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEZEY
        HOWARTH RACEING STABLES, INC.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A
        Development-Stage Company)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STATEMENT
        OF CASH FLOWS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="bottom" width="40%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="10%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">For
                  the periodFrom February 27, 2007
                  (Inception)To March 19, 2007</font></div>
              </td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td valign="bottom" width="1%">&#160;</td>
              <td valign="middle" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
                  the period </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">From
                  February 27, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2007
                  (Inception) to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March
                  31, 2007</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(unaudited)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CASH
                  FLOWS FROM TO OPERATING ACTIVITIES:</font></div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Net
                  loss</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$
                  (1,980)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Net
                  Cash Used In Operating Activities</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1,980)</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CASH
                  FLOWS FROM FINANCING ACTIVITIES:</font></div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
                  stock issued for cash</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
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              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
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              <td align="right" valign="bottom" width="9%">&#160;</td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,080</font></div>
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              <td align="right" valign="bottom" width="1%">&#160;</td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,080</font></div>
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              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NET
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              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
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            <tr>
              <td align="left" valign="bottom" width="40%">&#160;</td>
              <td align="left" valign="middle" width="1%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="right" valign="bottom" width="9%">&#160;</td>
              <td align="left" valign="bottom" width="10%">&#160;</td>
              <td align="left" valign="middle" width="10%">&#160;</td>
              <td align="left" valign="bottom" width="1%">&#160;</td>
              <td align="left" valign="middle" width="7%">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEZEY
        HOWARTH RACING STABLES, INC.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A
        Development-Stage Company)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTES
        TO
        FINANCIAL STATEMENTS</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTE
        1 -
        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">History</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mezey
        Howarth Racing Stables, Inc. was incorporated under the laws of the State
        of
        Nevada on February&#160; 27, 2007 under the name of MH 1. On June 12, 2007 the
        Company changed it's name to Mezey Howarth Racing Stables, Inc. The Company
        is
        in the development stage as defined in Financial Accounting Standards Board
        Statement No. 7. The fiscal year end is December 31. </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><a name="V075537_SB2_HTM_PAGE_0_1_45"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Interim
        Financial Statements</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        interim consolidated financial statements are unaudited. In the opinion of
        management, all adjustments have been made, consisting of normal recurring
        items, that are necessary to present fairly our financial position as of
        March
        31, 2007 as well as the results of operations for the period from Febraury
        27,
        2007 (Inception) to March 31, 2007, in accordance with accounting principles
        generally accepted in the United States of America. The results of operations
        for any interim period are not necessarily indicative of the results for
        the
        entire year. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Going
        Concern and Plan of Operation</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company's financial statements have been presented on the basis that it is
        a
        going concern, which contemplates the realization of assets and the satisfaction
        of liabilities in the normal course of business. The Company is in the
        development stage and has not earned any revenues from operations to date.
        These
        conditions raise substantial doubt about it&#8217;s ability to continue as a going
        concern. </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company is currently devoting its efforts to locating merger candidates.
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        Company's ability to continue as a going concern is dependent upon its ability
        to develop additional sources of capital, locate and complete a merger with
        another company, and ultimately, achieve profitable operations. The accompanying
        financial statements do not include any adjustments that might result from
        the
        outcome of these uncertainties. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Income
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company uses the liability method of accounting for income taxes pursuant
        to
        Statement of Financial Accounting Standards No. 109. Under this method, deferred
        income taxes are recorded to reflect the tax consequences in future years
        of
        temporary differences between the tax basis of the assets and liabilities
        and
        their financial amounts at year end. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
        federal income tax purposes, substantially all expenses must be deferred
        until
        the Company commences business and then they may be written off over a 60-month
        period. These expenses will not be deducted for tax purposes and will represent
        a deferred tax asset. The Company has provided a valuation allowance in the
        full
        amount of the deferred tax asset since there is no assurance of future taxable
        income. Tax deductible losses can be carried forward for 20 years until utilized
        for federal income tax purposes. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Deferred
        Offering Costs</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Deferred
        offering costs, which may consist of legal, accounting and filing fees relating
        to an offering will be capitalized. The deferred offering costs will be offset
        against offering proceeds in the event the offering is successful. In the
        event
        the anticipated offering is unsuccessful or is abandoned, the deferred offering
        costs will be expensed. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cash
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        Cash Equivalents</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cash
        and
        cash equivalents consist primarily of cash in banks and highly liquid
        investments with original maturities of 90 days or less. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Concentrations
        of Credit Risk</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company maintains all cash in deposit accounts, which at times may exceed
        federally insured limits. The Company has not experienced a loss in such
        accounts. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Earnings
        Per Common Share</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Basic
        per
        share information is computed based upon the weighted average number of common
        shares outstanding during the period. Diluted per share information consists
        of
        the weighted average number of common shares outstanding, plus the dilutive
        effects of options and warrants calculated using the treasury stock method.
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Use
        of
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make estimates and assumptions
        that
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        contingent assets and liabilities at the date of the financial statements
        and
        the reported amounts of revenues and expenses during the reporting periods.
        Actual results could differ from those estimates and assumptions. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Recently
        Issued Accounting Pronouncements</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company has adopted all recently issued accounting pronouncements. The adoption
        of the accounting pronouncements did not have a material effect on the
        operations of the Company. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTE
        2 -
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        March 2007, the Company sold for 150,000 shares of its $.001 par value common
        stock to various investors for $2,080 in cash. The proceeds were mostly used
        to
        pay expenses. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTE
        3 -
        RELATED PARTY TRANSACTIONS </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Office
        services are provided without charge by the president. Such costs are immaterial
        to the financial statements and accordingly, have not been reflected therein.
        The officers and directors of the Company are involved in other business
        activities and may, in the future, become involved in other business
        opportunities, such persons may face a conflict in selecting between the
        Company
        and their other business interests. The Company has not formulated a policy
        for
        the resolution of such conflicts. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTE
        4 -
        COMMITMENTS AND CONTINGENCIES</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
        the period, the Company has not entered into any commitments which require
        disclosure in the financial statements. The Company is not a party to any
        claims
        or legal actions. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
          9.01
          Financial Statements and Exhibits.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></strong></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
            Financial Statements of Business Acquired. </font></div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          financials are incorporate be reference from the&#160; (<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form
          10-SB (File No. <u>000-52529</u>) filed with the Securities and Exchange
          Commission on June 12, 2007 and Item 5.06 above</font>.&#160; Normally, upon a
          reverse merger a audit of the financials would be required, however, the
          company
          in luie of conducting a merger simply began operating as a racing stable
          on May
          18, 2007, as such no additionial audit is required from the initial audit
          perform under the Form 10-SB (File No. <u>000-52529</u>) filed with the
          Securities and Exchange Commission on June 12, 2007.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        accordance with Section 12 of the Securities Exchange Act of 1934, the
        registrant caused this registration statement to be signed on its behalf
        by the
        undersigned, thereunto duly authorized. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="middle" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
                  June 12, 2007</font></div>
              </td>
              <td align="left" valign="middle" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mezey
                  Howarth Racing Stables, Inc.</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="middle" width="28%">
              </td>
              <td align="left" valign="middle" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
                  /s/ J. Wade Mezey </font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="middle" width="28%">
              </td>
              <td align="left" valign="middle" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                  President</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div align="left">
      </div><br></div>
    <div><br><br>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="14%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                  <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Number</font></font></div>
              </td>
              <td align="left" valign="top" width="58%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Description</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="14%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="14%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.1</font></div>
              </td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certificate
                  of Incorporation </font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="14%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.2</font></div>
              </td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By-Laws</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;(<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporated
                  by reference from Exhibit 3.2 to the Form 10-SB (File No.
                  <u>000-52529</u>) filed with the Securities and Exchange Commission on
                  March 28, 2007)</font></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="14%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font></div>
              </td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Specimen&#160;of
                  common stock certificate (<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporated
                  by reference from Exhibit 3.2 to the Form 10-SB (File No.
                  <u>000-52529</u>) filed with the Securities and Exchange Commission on
                  March 28,
                  2007)</font></font></div>
              </td>
            </tr>

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MH 1 8-K
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
                of Report (Date of earliest event reported):
March
                18, 2007
Mezey
      Howarth Racing Stables, Inc.
(Exact
      name of registrant as specified in its charter)
Nevada
000-52529
20-8623320
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification No.)
600
      Anton
Costa
      Mesa, CA 92626
(Address,
      including zip code, of principal executive offices)
Registrant's
                telephone number, including area code
(949)
                429-4007
MH
      1,
      INC.
600
      Anton
Costa
      Mesa, CA 92626
(Former
      name or former address, if changed since last report.)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
¨
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
¨
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
¨
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
Item
        1.01
Entry
        into a Material Definitive Agreement.
Mezey
        Howarth Racing Stables acquired an interest in the race horse Dixie's Ruler
        on
        May 18, 2007.
Item 5.06 Change in Shell Company
            Status.
Prior
      to
      acquistion of Dixie's Ruler on May 18, 2007, the Company was a "shell company"
as defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange
      Act.
      As described in Item 1.01 above, which is incorporated by reference into this
      Item 5.06, the Company ceased being a shell company upon completion of the
      acquistion of Dixies Ruler.
Item
        1.
        Description of Business.
Overview
Mezey
          Howarth Racing Stables, Inc. was incorporated under the laws of the State
          of
          Nevada on February  27, 2007 under the name of MH 1. On June 12, 2007 the
          Company changed it's name to Mezey Howarth Racing Stables, Inc. We formed
          the
          company for the purpose of buying, selling and racing thoroughbred race
          horses of every age from broodmares, weanlings, and yearlings to racing
          age
          horses.
Corporate
          Information
The
            Company was originally organized as a "blank check" shell company to investigate
            and acquire a target company or business seeking the perceived advantages
            of
            being a publicly held corporation.  However, the Company began operations
            as a racing
stable
            on
            May 18, 2007 with
the acquisition of Dixie's Ruler. Our principal
            office is located at 600 Anton, 11th Floor, Costa Mesa, CA 92626 and
            our
            telephone number is (949) 429-4007
.
Our Business
The
              Company was organized to engage in all phases of the thoroughbred horse
              racing
              industry including, but not limited to, acquiring, breeding, racing
              and selling
              thoroughbred racehorses, broodmares and their offspring both privately
              and at
              public auction.
As
              of
              June 12, 2007, the Company ownes an interst in four horses. We anticipate
              the acquisition of up to 25 additional horses prior to December
              31, 2007.  The company acquires horses for the purpose of racing and
              to be resold.
The
                Company contracts with trainers for each horse, which is stabled
                with the
                trainer.  The trainers used by the Company maintain their stables at the
                various racetracks.
In
                general, we intend to operate in a number of areas. Our primary operations
                and
                their criteria are as follows: 1. Purchase of horses through claimer
                races 
to continue racing and possibly resold. 2. Purchase of yearlings to race
                as two-year olds, which also may be resold. 3. Purchase of allowance
                and
                stakes caliber racehorse to be raced.
The
                  Companies buy horses with a view towards winning purse moneys.  Generally,
                  the purse distribution from a race gives 60% of the purse to the
                  winner, 20% of
                  the purse to the second place finisher, 10% of the purse to the
                  third placed
                  horse, with 6% and 4% respectively going to the 4th and 5th place
                  finishers.
Competition
The
                  racing of thoroughbred horses is highly competitive. The Company
                  is in
                  competition with entities that have greater financial resources
                  and greater
                  experience than the Company, thus having greater ability to purchase
                  and race
                  better quality horses than the Company.   The competitors include, but
                  not limited to, STD Racing, Robert Bome, Arindel Farms and Juddmonte
                  Farms.
Thoroughbred
                    Industry Terminology
Allowance
                    race
- a race
                    in which a horse runs without a claiming price, and therefore
                    cannot be claimed.
                    Allowance races are run according to conditions of eligibility.
Bloodstock
                    agent
- a
                    broker who represents the purchaser or seller (or both) or Thoroughbreds
                    at
                    public or private sale, general in exchange for a commission
Broodmare
- a
                    female horse in foal or previously used for breeding.
Broodmare
                    prospect
- a
                    filly or mare that has not been bred.
Claiming
                    race
- a race
                    in which a horse carries a price tag which indicates the price.
Colt
- a male
                    horse under 5 years of age.
Conformation
- the
                    structure of a thoroughbred as determined by the arrangement
                    of its
                    parts.
Consignor
- an
                    owner of a thoroughbred, or an agent of an owner, who has contracted
                    with a
                    sales company for sale of a horse at a public auction.
Dam
- the
                    female parent of a horse.
Farrier
- a
                    person who trims and shoes horses' hoofs.
Filly
- a
                    female horse under 5 years of age.
Foal
- the
                    young offspring of a horse, usually a horse under 1 year of age.
Gelding
- a
                    castrated male horse.
Horse
- an
                    uncastrated male horse after his 5
th
birthday.
In
                    Foal
- refers
                    to a pregnant broodmare.
Mare
- a
                    female horse 5 years of age or older.
Purse
- the
                    amount of money designated by the race track in which the entrants
                    of the race
                    are running for a specific percentage of according to their finish
                    position.
Select
                    Sale
- a
                    public auction of Thoroughbreds with certain conformation and
                    pedigree
                    restrictions in contrast to an open sale where the only requirement
                    is an entry
                    fee.
Sire
-
                    a
                    stallion which has produced a foal.
Stake
                    race
- a race
                    that is run for a higher purse where there is an entrance fee
                    which applies in
                    order to compete.
Stallion
- a male
                    horse used for breeding.
Stallion
                    Prospect
-
                    an
                    uncastrated male horse that has not been bred; usually a horse
                    still in training
                    or recently retired from racing.
Sound
- a term
                    used to denote a Thoroughbred's health and freedom from disease or
                    lameness.
Speed
                    Figure
- a
                    final time analysis of a particular horse in a race after adjustments
                    of a track
                    variant and beaten lengths are applied.
Suckling
- a
                    Thoroughbred still nursing.
Trip
- a
                    course of action a horse encounters during a race.
Weanling
-
                    Thoroughbred foal which has been weaned from its dam.
RISK
                      FACTORS
The
                      purchase of these securities involves a high degree of risk.
                      Prospective
                      investors should carefully consider the following facts, among
                      others set forth
                      in this Prospectus, before making a decision to purchase the
                      securities offered
                      hereby. Risk Factors Relating to the Company
1.
                      Limited Operating History and Revenues.
The Company was organized on
                      Feburary 2007 and began operations on May 18, 2007.  Consequently, the
                      Company has only a limited operating history and limited revenues.
                      Activities to
                      date have been limited to acquiring an interest in certain
                      thoroughbreds,
                      organizational efforts and obtaining initial financing. The
                      Company must be
                      considered in the developmental stage.  Prospective investors should be
                      aware of the difficulties encountered by such enterprises,
                      as the Company faces
                      all the risks inherent in any new business, including the absence
                      of any prior
                      operating history, need for working capital and intense competition.
                      The
                      likelihood of success of the Company must be considered in
                      light of such
                      problems, expenses and delays frequently encountered in connection
                      with the
                      operation of a new business and the competitive environment
                      in which the Company
                      will be operating.
2.
                      Limited Capitalization and Lack of Working Capital.
The Company has
                      extremely limited capitalization and is dependent on the proceeds
                      of this
                      offering, achieving profitable operations and receipt of additional
                      financing to
                      continue as a going concern. The Company has substantial commitments
                      for
                      boarding and training of its existing Thoroughbreds and repayment
                      of debt, in
                      addition to proposed capital expenditures for additional Bloodstock.
                      In the
                      event the Company receives no or nominal proceeds from this
                      offering,
                      acquisition of additional racing prospects and Bloodstock would
                      be curtailed.
                      Even assuming receipt of maximum proceeds from this offering,
                      the Company will
                      likely require additional capital from outside sources in order
                      to continue as a
                      going concern. The Company will endeavor to finance its need
                      for additional
                      working capital through debt or private equity financing. Additional
                      debt
                      financing would be sought only in the event that equity financing
                      failed to
                      provide the Company necessary working capital. Debt financing
                      may require the
                      Company to mortgage, pledge or hypothecate its assets, and
                      would reduce cash
                      flow otherwise available to pay operating expenses and acquire
                      additional
                      assets. Debt financing would likely take the form of short-term
                      financing
                      provided by officers and directors of the Company, to be repaid
                      from future
                      equity financing. Additional equity financing is anticipated
                      to take the form of
                      one or more private placements to qualified investors under
                      exemptions from the
                      registration requirements of the 1933 Act or a subsequent public
                      offering.
                      However, there are no current agreements or understandings
                      with regard to the
                      form, time or amount of such financing and there is no assurance
                      that any of
                      this financing can be obtained or that the Company can continue
                      as a going
                      concern.
3.
                      No
                      Assured Racing Prospects.
While the Company has an interest in two
                      different Thoroughbreds as of the date of this Prospectus,
                      only four of the
                      horses are of sufficient age and temperament to permit racing.
4.
                      Dependence on a Limited Number of Prospects.
The success of the Company will
                      be dependent on only a limited number of prospects. Injury
                      or loss to any one of
                      these prospects could substantially and adversely effect the
                      Company's
                      operations. The Company has endeavored to reduce this risk
                      by obtaining
                      mortality and surgical insurance on three of the prospects
                      currently owned, but
                      there is no assurance that this insurance will be continued
                      or that it will
                      insure against all loses which might be incurred. Nonetheless,
                      the Company's
                      future financial success will depend on the limited number
                      of horses currently
                      owned until the Company can expand and diversify its stable.
5.
                      Dependence on Key Personnel
. Initially, success of the Company is entirely
                      dependent upon the management efforts and expertise of Messrs.
                      J. Wade Mezey and
                      Paul Howarth and trainers to be retained by the Company. A
                      loss of the services
                      of any of these individuals could adversely affect the conduct
                      of the Company's
                      business. In such event, the Company would be required to obtain
                      other personnel
                      to manage and operate the Company, and there can be no assurance
                      that the
                      Company would be able to employ a suitable replacement for
                      either of such
                      individuals, or that a replacement could be hired on terms
                      which are favorable
                      to the Company. The Company currently maintains no key man
                      insurance on the
                      lives of any of its officers or directors.
6.
                      Conflict of Interest.
Officers and directors of the Company are subject to
                      potential conflicts of interest in their service to the Company.  the
                      Company's interest in Dixie's Ruler was purchased from Paul
                      Howarth. 
Accordingly, the terms and conditions of that acquisition were
                      not negotiated in
                      arms length transactions. The Company did not obtain an independent
                      appraisal of
                      the value of the interest in that Thoroughbred. However, management
                      is of the
                      opinion that the terms and conditions of the transaction was
                      no less favorable
                      than could be obtained from since the company paid the same
                      amount that Mr.
                      howarth paid for his interest in Dixie's Ruler.
Since
                      each of the officers and directors is engaged in other business
                      enterprises, and
                      has not devoted their full time to the affairs of the Company,
                      they are also
                      subject to potential conflicts with regard to time, effort
                      and corporate
                      opportunity. Messrs. McElhaney, Mezey and Howarth are each
                      engaged in a variety
                      of other businesses, both within and without the Thoroughbred
                      industry.
                      None of the officers or directors will devote full time to the affairs
                      of
                      the Company. However, officers and directors are aware of their
                      fiduciary duty
                      to the Company and believe they have sufficient time to devote
                      to its affairs.
                      In addition, each of the officers and directors is aware of
                      the doctrine of
                      corporate opportunity as it relates to their position as officers
                      and directors.
                      It is anticipated that Messrs. Mezey and Howarth will devote
                      approximately 50%
                      of their time to the affairs of the Company.
7.
                      Intense Competition.
There are numerous nationally and internationally-known
                      corporations and entities which are engaged in the type of
                      business proposed to
                      be engaged in by the Company. Numerous individuals and entities
                      are engaged as
                      owners and trainers of Thoroughbred racehorses, both within
                      the United States
                      and abroad. Competition for the acquisition and training of
                      thoroughbred
                      prospects is intense. All of these entities seek to place racing
                      prospects in
                      the premier races throughout the United States, such as the
                      Kentucky Derby, the
                      Preakness and Belmont Stakes. In the case of disposition of
                      the Company's
                      Thoroughbreds, the Company would be competing against major
                      breeders and dealers
                      at private and public sales. Most of these competitors have
                      substantially
                      greater financial and personnel resources than the Company.
                      Accordingly, the
                      Company will be at a competitive disadvantage vis-a-vis its
                      competitors.
8.
                      Control of the Company.
Management currently controls 80% of the
                      Company.
9.
                      Lack of Dividends
. The Company has paid no dividends on its Common Stock
                      to
                      date, and there are no plans to pay any in the foreseeable
                      future. Initial
                      earnings which the Company may realize, if any, will be retained
                      to finance
                      growth of the Company. Any future dividends, of which there
                      can be no assurance,
                      will be directly dependent upon the earnings of the Company,
                      its financial
                      requirements and other factors.
10.
                      Possible Rule 144 Sales and Market Overhang.
An aggregate of 5,000,000
                      shares of the Common Stock presently outstanding are "restricted
                      securities"
                      within the meaning of the 1933 Act and may hereafter be sold
                      in compliance with
                      Rule 144 promulgated thereunder. Rule 144 provides, among other
                      things, and
                      subject to certain limitations, that a person holding restricted
                      securities for
                      a period of one year may sell, every three months, those securities
                      in brokerage
                      transactions in an amount equal to 1% of the Company's outstanding
                      Common Stock
                      or the average weekly trading volume during the four weeks
                      preceding the sale,
                      whichever amount is greater. After two years, holders of restricted
                      stock who
                      are not affiliates of the Company may apply to sell all restricted
                      stock free of
                      restrictions. Possible sales of the Company's Common Shares
                      pursuant to Rule 144
                      may, in the future, have a depressive effect on the price of
                      the Company's
                      Common Shares.
1
1.
                      Preferred Stock Authorized.
The Articles of Incorporation of the Company, as
                      amended, authorize the issuance of a maximum of 10,000,000
                      shares of Preferred
                      Stock, par value $.001 per share. Although no Preferred Stock
                      has been issued or
                      is outstanding as of the date of this Prospectus, and there
                      is no plan to issue
                      any in the foreseeable future, the terms of a series of Preferred Stock
                      could operate to the significant disadvantage of holders of
                      outstanding Common
                      Stock. Such terms can include, among others, preferences as
                      to voting, dividends
                      and distributions on liquidation. Moreover, the issuance of
                      Preferred Stock in
                      certain circumstances could have the effect of delaying, deterring
                      or preventing
                      a change in control of the Company.
12.
                      Risks Related to Thoroughbred Racing.
The business of training and racing
                      thoroughbreds is a high-risk venture. There is no assurance
                      that any
                      thoroughbred acquired by the Company will possess qualities
                      of a championship
                      character. While a thoroughbred may have an excellent bloodline,
                      there is no
                      assurance that the racing performance of the thoroughbred will
                      conform to the
                      bloodline. Moreover, thoroughbreds are subject to injury and
                      disease which can
                      result in forced retirement from racing, or at the extreme,
                      natural death or
                      euthanasia of the animal. There can be no assurances that the
                      value of the
                      thoroughbreds which may be acquired and owned by the Company,
                      will not decrease
                      in the future or that the Company will not subsequently incur
                      losses on the
                      racing careers or sale or other disposition of any or all of
                      the thoroughbreds
                      which the Company may acquire.
13.
                      Valuation of Thoroughbreds.
The valuation of thoroughbreds is a highly
                      speculative matter and prices have fluctuated widely in recent
                      years. The
                      success of the Company is dependent upon the present and future
                      values of
                      thoroughbreds generally, and of the Company's Thoroughbreds
                      in particular, as
                      well as the racing success of the Company's Thoroughbreds.
                      Although the future
                      value of thoroughbreds generally cannot be predicted, it will
                      be affected by the
                      state of the economy, the amount of money available for investment
                      purposes, and
                      the continued interest of investors and enthusiasts in the
                      thoroughbred
                      industry. The expense of maintaining, boarding, training and
                      racing
                      thoroughbreds can be expected to increase during the term of
                      the Company,
                      regardless of what happens to the future market price of thoroughbreds
                      or the
                      performance of the Company Thoroughbreds.
14.
                      Thoroughbred Racing Business
. Thoroughbred racing is extremely speculative
                      and expensive. In the event that the Company Thoroughbreds
                      were to be
                      transported to various tracks and training centers throughout
                      the United States,
                      and thus exposed to many other horses in training, the risk
                      of injury or death
                      increases significantly. The Company's Thoroughbreds must earn
                      enough through
                      racing to cover expenses of boarding and training. If the Company
                      Thoroughbreds
                      are unsuccessful in racing, their value will be adversely affected,
                      as will the
                      shareholders' investment therein. Furthermore, revenues from
                      racing are
                      dependent upon the size of the purses offered. The size of
                      the purses depends in
                      general on the extent of public interest in thoroughbred racing,
                      and in
                      particular on the relative quality of the specific horses in
                      contention in any
                      specific meeting or race. Although public interest has been
                      strong in recent
                      years, there is no assurance that public interest will remain
                      constant, much
                      less increase. Legalized gambling proliferating in many states
                      threatens to
                      curtail interest in horse racing as a means of recreation.
                      In addition, there is
                      no assurance that the Company Thoroughbreds will be of such
                      quality that they
                      may compete in any races which offer purses of a size sufficient
                      to cover the
                      Company's expenses.
15.
                      Government Regulation of Racing.
The racing future of and/or market for the
                      Company's Thoroughbreds depends upon continuing governmental
                      acceptance of
                      thoroughbred racing as a form of legalized gambling. In the
                      opinion of
                      management, thoroughbred racing is gaining a greater governmental
                      acceptance and
                      a dependence as a source of revenue. However, at any time,
                      thoroughbred racing
                      could be subjected to restrictive regulation or banned entirely.
                      The value of
                      the Company's Thoroughbreds would be substantially diminished
                      by any such
                      regulation or ban. Thoroughbred racing is regulated in various
                      states and
                      foreign countries by racing regulatory bodies with which the
                      owners of
                      thoroughbred racehorses must be licensed. In addition, many
                      regulatory bodies
                      require the licensing of a stable name for owners racing their
                      racehorses under
                      such a designation. All of the current officers, directors
                      and principal
                      shareholders are currently licensed as owners by the Colorado
                      and Kentucky
                      racing commissions. As a result of these current licenses,
                      the lack of any
                      disciplinary actions against these individuals, and their reputation
                      within the
                      industry, management does not anticipate any obstacles to registration
                      in other
                      states. However, there is no assurance that necessary registrations
                      can be
                      completed.
16.
                      Uninsured Losses.
Mortality insurance insures against the death of a
                      horse during the Company's ownership. Surgical insurance covers
                      possible risks
                      of injury during racing or training. However, there is no assurance
                      that
                      insurance will be purchased, or that all of the horses will
                      be covered, or that
                      the amount of insurance will be adequate, or that it will insure
                      against all
                      risks. Risks Relating to the Offering
17. 
                      Uncertainty of Market for Thoroughbreds.
Several
                      major broodmare and yearling sales dominate the public auction
                      market, although
                      there is also a substantial and active private market of Thoroughbred
                      bloodstock. Sales of racehorses at public auction can be used
                      as a yardstick of
                      the relative increases or decreases in the value of racehorses,
                      but there is
                      still a dominant private market about which no statistics are
                      available. If the
                      Thoroughbred racing industry suffers a decline, or if general
                      economic
                      conditions deteriorate, the average sales price in the Thoroughbred
                      market may
                      decline. If general economic conditions deteriorate, the average
                      sales price in
                      the Thoroughbred market may decline and, as a result, the owner
                      could suffer
                      substantial losses from its proposed operations. Moreover,
                      many of the factors
                      that affect the prices paid for Thoroughbreds are beyond the
                      owner's control.
                      Among these factors are the presence of purchasers who buy
                      for speculative
                      purposes, the apparent attractiveness of Thoroughbreds to foreign
                      investors, the
                      federal income tax treatment of racing and related activities,
                      the rules of The
                      Jockey Club prohibiting artificial insemination, the continuation
                      or expansion
                      of legalized gambling (including the legalization of gambling
                      on other sporting
                      events) and the size of racing purses.
18. 
Racetrack
                        Attendance and
                        Wagering.
Some
                        commentators believe that a decrease in average attendance
                        per racing date
                        coupled with increasing costs could jeopardize the continued
                        existence of
                        certain racetracks. However, support for ailing racetracks
                        in some states have
                        increased with the advent of intertrack wagering and
                        simulcasting.
19. 
                        Involvement by Foreign Interests.
Foreign
                        purchasers have accounted for a significant portion of the
                        purchases of the most
                        expensive yearlings and racehorses over the past decade.
                        Any number of factors,
                        including world economic and political conditions, the development
                        of
                        foreigners' own bloodstock bands, restrictions upon the international
                        transfer
                        of funds, the strength of the American dollar compared to
                        foreign governments,
                        could adversely affect the prices paid for the racehorses
                        purchased by the
                        Partnership.
20.
                      Penny Stock Regulation.
Broker-dealer practices in connection with
                      transactions in "Penny Stocks" are regulated by certain penny
                      stock rules
                      adopted by the Securities and Exchange Commission. Penny stocks
                      generally are
                      equity securities with a price of less than $5.00 (other than
                      securities
                      registered on certain national securities exchanges or quoted
                      on the NASDAQ
                      system). The penny stock rules require a broker-dealer, prior
                      to a transaction
                      in a penny stock not otherwise exempt from the rules, to deliver
                      a standardized
                      risk disclosure document that provides information about penny
                      stocks and the
                      risk associated with the penny stock market. The broker-dealer
                      must also provide
                      the customer with current bid and offer quotations for the
                      penny stock, the
                      compensation of the broker- dealer and its salesperson in the
                      transaction, and
                      monthly account statements showing the market value of each
                      penny stock held in
                      the customer's account. In addition, the penny stock rules
                      generally require
                      that prior to a transaction in a penny stock, the broker- dealer
                      must make a
                      written determination that the penny stock is a suitable investment
                      for the
                      purchaser and receive the purchaser's written agreement to
                      the transaction.
                      These disclosure requirements may have the effect of reducing
                      the level of
                      trading activity in the secondary market for a stock that becomes
                      subject to the
                      penny stock rules. If the Company's securities become subject
                      to the penny stock
                      rules, investors in this offering may find it more difficult
                      to sell their
                      securities.
21.
                      Arbitrary Offering Price; Dilution.
The offering price, upon
                      listing, of the Common Shares offered hereunder will be determined by
                      the
                      Company, and bears no necessary relationship to the appraised
                      value of any
                      Bloodstock or any other ordinary investment criterion. In making
                      such
                      determination, the prospects for the Company's pursuit of its
                      proposed business
                      plan, the proceeds to be raised by this offering, the relative
                      costs and
                      expenses involved in acquiring and training thoroughbreds,
                      and the competition
                      and market for thoroughbreds racehorses were all considered.
                      In addition, since
                      the Company has not retained an underwriter for purposes of
                      this offering, the
                      offering price has not been subject to evaluation by any third
                      party as would be
                      the case in an underwritten offering.
22.
Racing Customs
.
Because
                      Thoroughbred racing is a sport as well as a business, industry
                      practices and
                      structures have developed which may have not been attributable
                      solely to
                      profit-maximizing economic decision-making.) For instance,
                      a particular
                      bloodline could command substantial prices owing principally
                      to the interest of
                      a small group of individuals having particular goals unrelated
                      to economics. A
                      decline in this interest could be expected to adversely affect
                      the value of the
                      bloodline.
23.
                      Investors Bear Risk of Loss.
Substantially all of the proceeds required to
                      operate the Company for the next 12 months are being sought
                      from investors in
                      this offering. The investors of the Company will bear the risk
                      of the Company's
                      operations for the foreseeable future, with no assurance that
                      management will be
                      successful in applying the proceeds to increase growth and
                      profitability of the
                      Company.
24.
                      Limitation on Share Ownership
. Existing regulations governing thoroughbred
                      racing in various states may limit the ability of individuals
                      and entities to
                      acquire and retain Common Shares of the Company. Such provisions
                      are designed to
                      regulate ownership and control of corporations engaged in thoroughbred
                      racing.
                      Such statutes provide that ownership of a substantial portion
                      of Common Shares,
                      generally greater than 5 or 10% of the outstanding equity in
                      a corporation, must
                      be approved by the racing commission in those jurisdictions
                      and submit to
                      background checks regarding financial history and criminal
                      record. In order to
                      comply with these regulations, the Company's Articles of Incorporation,
                      as
                      amended, contain a provision requiring shareholders to sell
                      their stock back to
                      the Company in the event such individuals or entities fail
                      or refuse to become
                      licensed where such license may be required. The repurchase
                      price for shares of
                      Common Shares subject to this provision is based on the prevailing
                      market price
                      of the Common Shares at the time of repurchase.
CAUTIONARY
            STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The
              information contained in this report, including in the documents incorporated
              by
              reference into this report, includes some statement that are not purely
              historical and that are "forward-looking statements." Such forward-looking
              statements include, but are not limited to, statements regarding our
              and their
              management's expectations, hopes, beliefs, intentions or strategies regarding
              the future, including our financial condition, results of operations,
              and the
              expected impact of the Share Exchange on the parties' individual and combined
              financial performance. In addition, any statements that refer to projections,
              forecasts or other characterizations of future events or circumstances,
              including any underlying assumptions, are forward-looking statements.
              The words
"anticipates," "believes," "continue," "could," "estimates," "expects,"
"intends," "may," "might," "plans," "possible," "potential," "predicts,"
"projects," "seeks," "should," "will," "would" and similar expressions, or the
              negatives of such terms, may identify forward-looking statements, but
              the
              absence of these words does not mean that a statement is not forward-looking.
The
              forward-looking statements contained in this report are based on current
              expectations and beliefs concerning future developments and the potential
              effects on the parties and the transaction. There can be no assurance
              that
              future developments actually affecting us will be those anticipated.
              These
              forward-looking statements involve a number of risks, uncertainties
              (some of
              which are beyond the parties' control) or other assumptions that may cause
              actual results or performance to be materially different from those
              expressed or
              implied by these forward-looking statements.
These
              risks and uncertainties, along with others, are also described above
              under the
              heading "Risk Factors." Should one or more of these risks or uncertainties
              materialize, or should any of the parties' assumptions prove incorrect, actual
              results may vary in material respects from those projected in these
              forward-looking statements. We undertake no obligation to update or
              revise any
              forward-looking statements, whether as a result of new information,
              future
              events or otherwise, except as may be required under applicable securities
              laws.
MANAGEMENT'S
                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                OPERATIONS
The
                following discussion of mezey Howarth Racing Stables (referred to
                herein as the
"Company", "Stables", "we", "our", or "us") financial condition and results of
                operations should be read in conjunction with its financial statements
                and the
                related notes, and the other financial information included in this
                information
                statement.
Forward-Looking
                Statements
The
                following discussion should be read in conjunction with Asia Time's consolidated
                financial statements and related notes included elsewhere in this
                Current Report
                on Form 8-K.
This
                filing contains forward-looking statements. The words "anticipated," "believe,"
"expect, "plan," "intend," "seek," "estimate," "project," "could," "may," and
                similar expressions are intended to identify forward-looking statements.
                These
                statements include, among others, information regarding future operations,
                future capital expenditures, and future net cash flow. Such statements
                reflect
                Asia Time's management's current views with respect to future events and
                financial performance and involve risks and uncertainties, including,
                without
                limitation, general economic and business conditions, changes in
                foreign,
                political, social, and economic conditions, regulatory initiatives
                and
                compliance with governmental regulations, the ability to achieve
                further market
                penetration and additional customers, and various other matters,
                many of which
                are beyond Asia Time's control. Should one or more of these risks or
                uncertainties occur, or should underlying assumptions prove to be
                incorrect,
                actual results may vary materially and adversely from those anticipated,
                believed, estimated or otherwise indicated. Consequently, all of
                the
                forward-looking statements made in this filing are qualified by these
                cautionary
                statements and there can be no assurance of the actual results or
                developments.
Business
The
                  general objective of the Company is to acquire Thoroughbred race
                  prospects, race
                  them and ultimately syndicate them to generate revenue and profit
                  for the
                  Company.  Initially, revenue will be limited to the Company's portion of
                  any purses won by horses owned by the company during their racing
                  campaign.  While the Company's administrative office is located in
                  California, it is anticipated that a some of its activities will
                  take place
                  outside that state. Public sales and premier races of thoroughbreds
                  are
                  primarily centered in Kentucky, California, New York and Florida.
While
                    the
                    Company's business plan anticipates acquisition of additional
                    yearlings or
                    two-year olds in training to supplement existing horses, the
                    proceeds from this
                    offering will largely dictate the number and quality of additional
                    racing
                    prospects which the Company will obtain during 1998. Receipt
                    of no or nominal
                    proceeds from this offering will limit or curtail acquisition
                    of additional
                    prospects by the Company. In that event, Company resources will
                    be devoted to
                    boarding and training of existing Thoroughbreds and other required
                    expenses. If
                    the Company receives sufficient proceeds, one or more additional
                    Yearlings may
                    be acquired at public or private sales.
Important
                      factors in predicting racing success of Thoroughbreds are pedigree
                      and
                      conformation. Pedigree refers to the breeding history of the
                      horse determined by
                      bloodlines from the Sire and Dam. Conformation is the physical
                      attributes of the
                      horse as determined by personal observation. Management considers
                      both of these
                      attributes in selecting all of its Thoroughbreds, and anticipates
                      suitable
                      investigation for any future prospects acquired by the Company.
                      Management may
                      retain the services of outside consultants and veterinarians
                      to assist in
                      evaluation of future Bloodstock.
No
                      agreements currently exist with any consultants, and whether
                      management will
                      continue to utilize the services of the same consultants is
                      yet to be
                      determined; however, management would not hesitate to recommend
                      these
                      consultants for service in the future. Given the very large
                      number of prospects
                      placed into the market in any given year, management does anticipate
                      that it may
                      be necessary to enlist the aid of bloodstock agents in locating
                      thoroughbreds
                      suitable to the Company's purpose in the future.
In
                          the
                          event management determines it is in the best interest
                          of the Company to retain
                          the services of bloodstock consultants, the factors that
                          will be relied upon in
                          making such choices will include, but not be limited to:
                          the past relationship
                          between the Company and the consultant, if any; the consultant's
                          reputation
                          within the industry; the fees charged by the consultant
                          in performing services;
                          and the geographic area served by the consultant. In the
                          event management
                          determines it is in the best interest of the Company to
                          retain the services of a
                          bloodstock consultant, management anticipates the term
                          of the relationship will
                          be limited to performance of a specified project. Management
                          does not anticipate
                          that any long term relationships or agreements will be
                          entered into with any
                          consultant, although it reserves the right to do so should
                          it be determined to
                          be in the Company's best interest
The
                            Company contracts with trainers for each horse, which
                            is stabled with the
                            trainer.  The trainers used by the Company maintain their stables
                            at the
                            various racetracks.
Accordingly,
                            all of its Thoroughbreds are boarded with independent
                            third
                            parties.
Many
                          factors will influence the Company's determination of whether
                          and where to race
                          the thoroughbreds acquired by the Company. Pedigree, past
                          performance,
                          conditioning and purses will be evaluated by the Company
                          in conjunction with any
                          trainers retained by the Company in plotting the horse's
                          racing campaign. While
                          no specific venue has been determined as of the date of
                          this Prospectus, it is
                          anticipated that the Thoroughbreds will be raced at the
                          race tracks in the
                          United States, as the condition and breeding of its Bloodstock
                          dictates.
                          Possible venues include Churchill Downs and Keeneland in
                          Kentucky, Hollywood
                          Park and Santa Anita in Los Angeles, Del Mar in San Diego,
                          Remington Park in
                          Oklahoma City, Aqueduct and Saratoga in New York, Arlington
                          Park in Chicago and
                          Garden State in New Jersey. Evaluation of racing venues
                          will depend primarily on
                          recommendations of trainers retained by the Company and
                          the condition, training
                          and breeding of Company racing prospects. Shareholders
                          may be provided specific
                          information as to important races in advance and results
                          following conclusion of
                          races conducted by thoroughbreds of the Company.
Horses
                      not deemed qualified to be raced by the Company may be "pinhooked"
                      or resold by
                      the Company shortly following acquisition. Pinhooking can be
                      a means of reducing
                      the Company's risk in any particular prospect by transferring
                      the horse prior to
                      completion of his development. A ready market for resale of
                      Thoroughbred racing
                      prospects exists in various parts of the United States, and
                      management is
                      familiar with various sales in those venues. While pinhooking
                      may be utilized to
                      reduce the Company's risk in any single fiscal year, it is
                      not anticipated to be
                      a major source of revenue in the foreseeable future.
At
              the
              end of a racing season, any Company horses may be marketed for sale,
              syndicated
              or retained for future competition. The Company's ultimate objective
              is to
              syndicate one or more of its racing prospects which have demonstrated
              success
              during its racing campaign. Syndication of a racing Colt allows the
              owners to
              participate in stud fees generated through breeding. Syndication of
              a Filly or
              Mare allows the owners to participate in breeding and foaling by the
              Broodmare.
              Considerations affecting disposition of the horse following its racing
              season
              will be past performance, perceived value and state of the thoroughbred
              industry. Any decision to sell or syndicate Company horses will be
              made to
              maximize value to the Company and its shareholders. Any Company Thoroughbreds
              which are not sold or otherwise disposed of following completion of
              the racing
              season will be boarded by the Company. Typical locations for off-seasoning
              boarding include Kentucky, South Carolina, Florida, Arizona and California.
The
                Company's long term objective is to is develop a stable of race horses
                sufficient to generate a steady stream of revenue and profit. In
                order to
                achieve this objective, management anticipates the need for substantial
                additional capital. Depending upon the success of its initial efforts,
                on the
                state of the thoroughbred industry and other factors beyond the Company's
                control, management anticipates conducting a subsequent public offering
                in the
                future to obtain such capital. Syndication or sale of Company Thoroughbreds
                may
                also provide a source of capital.
Liquidity
      and Capital Resources
At June
        12, 2007, the Company had a working capital of $200, consisting of current
        assets of $8,930 and current liabilities of $0. Management is of the opinion
        that the Company is dependent upon the obtaining additional capital and
        achieving profitable operations to continue as a going concern. The Company
        continues to require cash from outside sources to continue operations, as
        the
        Company's operations use, rather than provide cash.
ITEM
      3.
DESCRIPTION
      OF PROPERTY
.
The
      company is provided space at 600 Anton, 11th Floor, Costa Mesa, CA 92626. 
The space is provided by J. Wade Mezey and Paul Howarth.
ITEM
        4.
SECURITY
        OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
.
(a)
        Security ownership of certain beneficial owners.
The
        following table sets forth, as of March 31, 2007the number of shares of Common
        Stock owned of record and beneficially by executive officers, directors and
        persons who hold 5% or more of the outstanding Common Stock of the Company.
        Also
        included are the shares held by all executive officers and directors as a
        group.
Name
                  and Address
Amount
                  and Nature of Beneficial Ownership
Percentage
                  of Class
The
                  Mézey Howarth Group, Inc. (1)
150,000
100%
405A
                  Arenoso
San
                  Clemente, CA 92672
All
                  Officers and Directors as a
                  group
(1
                  individual)
150,000
100%
(1)
J.
                  Wade Mézey is President, CFO and Secretary and Director of The Mézey
                  Howarth Group, Inc. and Paul Howarth is Director of The Mézey Howarth
                  Group, Inc and both own 50% of The Mézey Howarth Group, Inc.
ITEM
        5.
DIRECTORS,
        EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
.
(a)
        Identification of Directors and Executive Officers.
A.
        Identification of Directors and Executive Officers. The current officers
        and
        directors will serve for one year or until their respective successors are
        elected and qualified. They are:
Name
Age
Position
J.
                  Wade Mézey
31
President,
                  Chief Financial Officer, Secretary and
                  Director
J.
        Wade
        Mezey, Co-President/CFO/Director.
Mr.
        Mezey
        is our President and CFO and a member of the Board of Directors. Mr. Mezey
        was
        previously the President/COO of NAPP Tour, Inc. From 2004 - 2005, Mr. Mezey
        was
        the Chief Legal Officer and Interim Chief Accounting Officer of College
        Partnership, Inc. While at College Partnership Mr. Mézey worked with the
        auditors and finance department to create a system of accounting control
        and
        procedures. From 2003 - 2004, Mr. Mézey worked for Vision Direct Marketing as
        its Vice-President of Operations and General Counsel. From 2002 - 2003, Mr.
        Mézey worked as an attorney in Washington D.C. Mr. Mézey graduated from
        Georgetown University Law Center with an LL.M. in Securities and Financial
        Regulation. Mr. Mézey received his J.D., with
cum
        laude
honors,
        from New England School of Law and his B.S. from Virginia Commonwealth
        University.
B.
        Significant Employees. None.
C.
        Family
        Relationships. None.
D.
        Involvement in Certain Legal Proceedings. None.
E.
        The
        Board of Directors acts as the Audit Committee and the Board has no separate
        committees. The Company has no qualified financial expert at this time because
        it has not been able to hire a qualified candidate. Further, the Company
        believes that it has inadequate financial resources at this time to hire
        such an
        expert. The Company intends to continue to search for a qualified individual
        for
        hire.
ITEM
        6.
EXECUTIVE
        COMPENSATION
.
None
        of
        the Company's officers or directors has received any cash remuneration since
        inception. Officers will not receive any remuneration upon completion of
        the
        offering until the consummation of an acquisition. No remuneration of any
        nature
        has been paid for or on account of services rendered by a director in such
        capacity. None of the officers and directors intends to devote more than
        a few
        hours a week to our affairs.
It
        is
        possible that, after the Company successfully consummates a business combination
        with an unaffiliated entity, that entity may desire to employ or retain one
        or a
        number of members of our management for the purposes of providing services
        to
        the surviving entity. However, the Company has adopted a policy whereby the
        offer of any post-transaction employment to members of management will not
        be a
        consideration in our decision whether to undertake any proposed transaction.
No
        retirement, pension, profit sharing, stock option or insurance programs or
        other
        similar programs have been adopted by the Company for the benefit of its
        employees.
There
        are
        no understandings or agreements regarding compensation our management will
        receive after a business combination that is required to be included in this
        table, or otherwise.
ITEM
        7.
CERTAIN
        RELATIONSHIPS AND RELATED TRANSACTIONS
.
Except
        as
        otherwise indicated herein, there have been no related party transactions,
        or
        any other transactions or relationships required to be disclosed pursuant
        to
        Item 404 of Regulation S-B.
ITEM
          8.
DESCRIPTION
          OF SECURITIES
.
(a)
          Common or Preferred Stock.
The
          Company is authorized by its Certificate of Incorporation to issue an aggregate
          of 60,000,000 shares of capital stock, of which 60,000,000 are shares of
          common
          stock, par value $.001 per share (the "Common Stock"). As of March 31,
          2007,
          150,000 shares of Common Stock were issued and outstanding.
All
          outstanding shares of Common Stock are of the same class and have equal
          rights
          and attributes. The holders of Common Stock are entitled to one vote per
          share
          on all matters submitted to a vote of stockholders of the Company. All
          stockholders are entitled to share equally in dividends, if any, as may
          be
          declared from time to time by the Board of Directors out of funds legally
          available. In the event of liquidation, the holders of Common Stock are
          entitled
          to share ratably in all assets remaining after payment of all liabilities.
          The
          stockholders do not have cumulative or preemptive rights.
The
          description of certain matters relating to the securities of the Company
          is a
          summary and is qualified in its entirety by the provisions of the Company's
          Certificate of Incorporation and By-Laws, copies of which have been filed
          as
          exhibits to this Form 10-SB.
(b)
          Debt
          Securities. None.
(c)
          Other
          Securities To Be Registered. None.
PART
          II
ITEM
          1.
MARKET
          FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
.
(a)
          Market Information. The Company's Common Stock is not trading on any stock
          exchange. The Company is not aware of any market activity in its Common
          Stock
          since its inception through the date of this filing.
(b)
          Holders. As of March 31, 2007, there was 1 record holder of Mezey Howarth
          Racing Stables shares of the Common Stock.
(c)
          Dividends. The Registrant has not paid any cash dividends to date and does
          not
          anticipate or contemplate paying dividends in the foreseeable future. It
          is the
          present intention of management to utilize all available funds for the
          development of the Registrant's business.
ITEM
          2.
LEGAL
          PROCEEDINGS.
Presently,
          there are not any material pending legal proceedings to which the Registrant
          is
          a party or as to which any of its property is subject, and no such proceedings
          are known to the Registrant to be threatened or contemplated against it.
ITEM
          3.
CHANGES
          IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
          DISCLOSURE
.
There
          are
          not and have not been any disagreements between the Registrant and its
          accountants on any matter of accounting principles, practices or financial
          statement disclosure.
ITEM
          4.
RECENT
          SALES OF UNREGISTERED SECURITIES
.
The
          Registrant issued 150,000 shares of Common Stock on February 27, 2007,
          to one
          accredited investors, for aggregate cash consideration of $2,180. The Registrant
          sold these shares of Common Stock under the exemption from registration
          provided
          by Section 4(2) of the Securities Act.
No
          securities have been issued for services. Neither the Registrant nor any
          person
          acting on its behalf offered or sold the securities by means of any form
          of
          general solicitation or general advertising. No services were performed
          by any
          purchaser as consideration for the shares issued.
All
          purchasers represented in writing that they acquired the securities for
          their
          own accounts. A legend was placed on the stock certificates stating that
          the
          securities have not been registered under the Securities Act and cannot
          be sold
          or otherwise transferred without an effective registration or an exemption
          therefrom, but may not be sold pursuant to the exemptions provided by Section
          4(1) of the Securities Act or Rule 144 under the Securities Act, in accordance
          with the letter from Richard K. Wulff, Chief of the Office of Small Business
          Policy of the Securities and Exchange Commission's Division of Corporation
          Finance, to Ken Worm of NASD Regulation, Inc., dated January 21, 2000.
ITEM
          5.
INDEMNIFICATION
          OF DIRECTORS AND OFFICERS
.
Nevada
          General Corporation Law provides that a corporation may indemnify directors
          and
          officers as well as other employees and individuals against expenses including
          attorneys' fees, judgments, fines and amounts paid in settlement in connection
          with various actions, suits or proceedings, whether civil, criminal,
          administrative or investigative other than an action by or in the right
          of the
          corporation, a derivative action, if they acted in good faith and in a
          manner
          they reasonably believed to be in or not opposed to the best interests
          of the
          corporation, and, with respect to any criminal action or proceeding, if
          they had
          no reasonable cause to believe their conduct was unlawful. A similar standard
          is
          applicable in the case of derivative actions, except that indemnification
          only
          extends to expenses including attorneys' fees incurred in connection with
          the
          defense or settlement of such actions, and the statute requires court approval
          before there can be any indemnification where the person seeking indemnification
          has been found liable to the corporation. The statute provides that it
          is not
          exclusive of other indemnification that may be granted by a corporation's
          certificate of incorporation, bylaws, agreement, a vote of stockholders
          or
          disinterested directors or otherwise.
The
          Nevada General Corporation Law permits a corporation to provide in its
          certificate of incorporation that a director of the corporation shall not
          be
          personally liable to the corporation or its stockholders for monetary damages
          for breach of fiduciary duty as a director, except for liability for:
•
any
          breach of the director's duty of loyalty to the corporation or its stockholders;
•
acts
          or
          omissions not in good faith or which involve intentional misconduct or
          a knowing
          violation of law;
•
          payments of unlawful dividends or unlawful stock repurchases or redemptions;
          or
•
any
          transaction from which the director derived an improper personal benefit.
MEZEY
          HOWARTH RACING STABLES, INC.
(A
          Development Stage Company)
BALANCE
          SHEET
ASSETS
CURRENT
                    ASSETS:
As
                    of March 19, 2007
As
                    of March 31, 2007
(unaudited)
Cash
$
200
$
200
Total
                    current assets
200
200
Total
                    Assets
$
200
$
200
LIABILITIES
                    AND STOCKHOLDERS' EQUITY
LIABILITIES
Accrued
                    expenses
$
-
$
-
Total
                    Liabilities
-
-
COMMITMENTS
                    AND CONTINGENCIES
STOCKHOLDERS'
                    EQUITY:
Common
                    stock, $.001 par value, 60,000,000 shares authorized, 150,000
                    shares
                    issued and outstanding
150
150
Additional
                    paid-in capital
2,030
2,030
Accumulated
                    Deficit during development stage
(1,980)
(1,980)
Total
                    Stockholders' Equity
200
200
Total
                    Liabilities and Stockholders' Equity
$
200
$
200
SEE
          ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
MEZEY
        HOWARTH STABLES, INC.
(A
        Development Stage Company)
STATEMENT
        OF OPERATIONS
For
                  the Period
from
                  February 27, 2007 (Inception)
To
                  March 19, 2007
For
                  the Period
from
                  February 27, 2007 (Inception)to March 31,
                  2007(unaudited)
REVENUE
$
-
$
-
EXPENSES
$
1,980
$
1,980
NET
                  LOSS
$
(1,980)
$
(1,980)
NET
                  LOSS PER COMMON SHARE - BASIC
$
*
$
*
WEIGHTED
                  AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
$
150,000
$
150,000
*
                  Less than $.01
SEE
        ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
MEZEY
          HOWARTH STABLES, INC.
(A
          Development Stage Company)
STATEMENT
        OF CHANGES IN STOCKHOLDERS' EQUITY
Common
                  Stock Shares
Amount
Additional
Paid-in
                  Capital
Accumulated
                  Deficit During Development
Stage
Total
Stockholders'Equity
Balances,
                  February 27, 2007 (Inception)
---
$
---
$
---
$
---
$
---
Sale
                  of common stock on March 14, 2007 at $.001 per
share
150,000
150
2,030
---
2,180
Net
                  loss
---
---
---
(1,980)
(1,980)
Balances
                  March 31, 2007
150,000
$
150
$
2,030
$
(1,980)
$
200
MEZEY
        HOWARTH RACEING STABLES, INC.
(A
        Development-Stage Company)
STATEMENT
        OF CASH FLOWS
For
                  the periodFrom February 27, 2007
                  (Inception)To March 19, 2007
For
                  the period
From
                  February 27,
2007
                  (Inception) to
March
                  31, 2007
(unaudited)
CASH
                  FLOWS FROM TO OPERATING ACTIVITIES:
Net
                  loss
$
(1,980)
$
                  (1,980)
Net
                  Cash Used In Operating Activities
(1,980)
(1,980)
CASH
                  FLOWS FROM FINANCING ACTIVITIES:
Common
                  stock issued for cash
2,080
2,080
Net
                  Cash Provided by Financing Activities
2,080
2,080
NET
                  CHANGE IN CASH AND ENDING BALANCE
$
200
$
200
MEZEY
        HOWARTH RACING STABLES, INC.
(A
        Development-Stage Company)
NOTES
        TO
        FINANCIAL STATEMENTS
NOTE
        1 -
        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
History
Mezey
        Howarth Racing Stables, Inc. was incorporated under the laws of the State
        of
        Nevada on February  27, 2007 under the name of MH 1. On June 12, 2007 the
        Company changed it's name to Mezey Howarth Racing Stables, Inc. The Company
        is
        in the development stage as defined in Financial Accounting Standards Board
        Statement No. 7. The fiscal year end is December 31.
Interim
        Financial Statements
The
        interim consolidated financial statements are unaudited. In the opinion of
        management, all adjustments have been made, consisting of normal recurring
        items, that are necessary to present fairly our financial position as of
        March
        31, 2007 as well as the results of operations for the period from Febraury
        27,
        2007 (Inception) to March 31, 2007, in accordance with accounting principles
        generally accepted in the United States of America. The results of operations
        for any interim period are not necessarily indicative of the results for
        the
        entire year.
Going
        Concern and Plan of Operation
The
        Company's financial statements have been presented on the basis that it is
        a
        going concern, which contemplates the realization of assets and the satisfaction
        of liabilities in the normal course of business. The Company is in the
        development stage and has not earned any revenues from operations to date.
        These
        conditions raise substantial doubt about it's ability to continue as a going
        concern.
The
        Company is currently devoting its efforts to locating merger candidates.
        The
        Company's ability to continue as a going concern is dependent upon its ability
        to develop additional sources of capital, locate and complete a merger with
        another company, and ultimately, achieve profitable operations. The accompanying
        financial statements do not include any adjustments that might result from
        the
        outcome of these uncertainties.
Income
        Taxes
The
        Company uses the liability method of accounting for income taxes pursuant
        to
        Statement of Financial Accounting Standards No. 109. Under this method, deferred
        income taxes are recorded to reflect the tax consequences in future years
        of
        temporary differences between the tax basis of the assets and liabilities
        and
        their financial amounts at year end.
For
        federal income tax purposes, substantially all expenses must be deferred
        until
        the Company commences business and then they may be written off over a 60-month
        period. These expenses will not be deducted for tax purposes and will represent
        a deferred tax asset. The Company has provided a valuation allowance in the
        full
        amount of the deferred tax asset since there is no assurance of future taxable
        income. Tax deductible losses can be carried forward for 20 years until utilized
        for federal income tax purposes.
Deferred
        Offering Costs
Deferred
        offering costs, which may consist of legal, accounting and filing fees relating
        to an offering will be capitalized. The deferred offering costs will be offset
        against offering proceeds in the event the offering is successful. In the
        event
        the anticipated offering is unsuccessful or is abandoned, the deferred offering
        costs will be expensed.
Cash
        and
        Cash Equivalents
Cash
        and
        cash equivalents consist primarily of cash in banks and highly liquid
        investments with original maturities of 90 days or less.
Concentrations
        of Credit Risk
The
        Company maintains all cash in deposit accounts, which at times may exceed
        federally insured limits. The Company has not experienced a loss in such
        accounts.
Earnings
        Per Common Share
Basic
        per
        share information is computed based upon the weighted average number of common
        shares outstanding during the period. Diluted per share information consists
        of
        the weighted average number of common shares outstanding, plus the dilutive
        effects of options and warrants calculated using the treasury stock method.
        In
        loss periods, dilutive common equivalent shares are excluded as the effect
        would
        be anti-dilutive. There are no options and warrants outstanding.
Use
        of
        Estimates in the Preparation of Financial Statements
The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make estimates and assumptions
        that
        affect the reported amounts of assets and liabilities, the disclosure of
        contingent assets and liabilities at the date of the financial statements
        and
        the reported amounts of revenues and expenses during the reporting periods.
        Actual results could differ from those estimates and assumptions.
Recently
        Issued Accounting Pronouncements
The
        Company has adopted all recently issued accounting pronouncements. The adoption
        of the accounting pronouncements did not have a material effect on the
        operations of the Company.
NOTE
        2 -
        STOCKHOLDERS' EQUITY
During
        March 2007, the Company sold for 150,000 shares of its $.001 par value common
        stock to various investors for $2,080 in cash. The proceeds were mostly used
        to
        pay expenses.
NOTE
        3 -
        RELATED PARTY TRANSACTIONS
Office
        services are provided without charge by the president. Such costs are immaterial
        to the financial statements and accordingly, have not been reflected therein.
        The officers and directors of the Company are involved in other business
        activities and may, in the future, become involved in other business
        opportunities, such persons may face a conflict in selecting between the
        Company
        and their other business interests. The Company has not formulated a policy
        for
        the resolution of such conflicts.
NOTE
        4 -
        COMMITMENTS AND CONTINGENCIES
During
        the period, the Company has not entered into any commitments which require
        disclosure in the financial statements. The Company is not a party to any
        claims
        or legal actions.
Item
          9.01
          Financial Statements and Exhibits.
(a)
            Financial Statements of Business Acquired.
The
          financials are incorporate be reference from the  (
Form
          10-SB (File No.
000-52529
) filed with the Securities and Exchange
          Commission on June 12, 2007 and Item 5.06 above
.  Normally, upon a
          reverse merger a audit of the financials would be required, however, the
          company
          in luie of conducting a merger simply began operating as a racing stable
          on May
          18, 2007, as such no additionial audit is required from the initial audit
          perform under the Form 10-SB (File No.
000-52529
) filed with the
          Securities and Exchange Commission on June 12, 2007.
SIGNATURES
In
        accordance with Section 12 of the Securities Exchange Act of 1934, the
        registrant caused this registration statement to be signed on its behalf
        by the
        undersigned, thereunto duly authorized.
Date:
                  June 12, 2007
Mezey
                  Howarth Racing Stables, Inc.
By:
                  /s/ J. Wade Mezey
Title:
                  President
Exhibit
Number
Description
3.1
Certificate
                  of Incorporation
3.2
By-Laws
(
incorporated
                  by reference from Exhibit 3.2 to the Form 10-SB (File No.
000-52529
) filed with the Securities and Exchange Commission on
                  March 28, 2007)
4.1
Specimen of
                  common stock certificate (
incorporated
                  by reference from Exhibit 3.2 to the Form 10-SB (File No.
000-52529
) filed with the Securities and Exchange Commission on
                  March 28,
                  2007)