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AND EXCHANGE COMMISSION</font></div>
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S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font>

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RIDGE DEVELOPMENT, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(formerly
known as PocketSpec Technologies Inc.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman, serif">(Exact
Name of Registrant as Specified in its Charter)</font></div>
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      or other jurisdiction of incorporation or organization)</font></div>
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      Number)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5111 Juan
Tabo Boulevard N.E.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Albuquerque,
New Mexico 87111</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<font style="TEXT-DECORATION: underline">(866) 302-2248</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman, serif">(Address
of Principal Executive Offices and Zip Code)</font></div>
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Direct, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2248
Meridian Boulevard, Ste. H</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Minden,
Nevada 89423</font></div>
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782-2201</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman, serif">(Name,
Address, including Zip Code, and Telephone Number, including Area Code, of Agent
for Service)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">2002
STOCK COMPENSATION PLAN</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="+0"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
Title of the Plans)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Copies
to:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tad
Mailander, Esq.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mailander
Law Office, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Louis
Bank of Commerce, 835 5<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font> Avenue,
Ste. 312</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">San
Diego, California 92101</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Telephone
(619) 239-9034</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Facsimile
(619) 239-9047</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller
reporting company&#8221; in Rule 12b&#173; 2 of the Exchange Act.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 72pt"></font>Large accelerated filer
&#61608;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accelerated
filer &#61608;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 72pt"></font>Non-accelerated
filer&#160;&#160;&#160;&#61608;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Smaller
reporting company <font style="DISPLAY: inline;" face="Wingdings">&#254;</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(Do
not check if a smaller reporting company)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Approximate
date of proposed sales pursuant to the plan: Upon the effective date of this
Registration Statement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CALCULATION
OF REGISTRATION FEE</font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="bottom" width="34%" style="BORDER-TOP: #000000 2.25pt double">
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      of securities to be registered</font></div>
            </td>
            <td valign="bottom" width="12%" style="BORDER-TOP: #000000 2.25pt double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Amount
      to be registered</font></div>
            </td>
            <td valign="bottom" width="13%" style="BORDER-TOP: #000000 2.25pt double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      maximum offering </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">price
      </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">per share</font><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(1)</font></font></div>
            </td>
            <td valign="bottom" width="12%" style="BORDER-TOP: #000000 2.25pt double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
      maximum aggregate <font style="TEXT-DECORATION: underline">offering
      price</font><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super"><font style="TEXT-DECORATION: underline">(</font>1)</font></font></div>
            </td>
            <td valign="bottom" width="13%" style="BORDER-TOP: #000000 2.25pt double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">Amount of registration fee</font><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font></font></div>
            </td>
          </tr>
          <tr bgcolor="#cceeff">
            <td align="left" valign="bottom" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
      Stock, $0.001 par value</font></div>
            </td>
            <td valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">20,000,000</font></div>
            </td>
            <td valign="bottom" width="13%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -19pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$0.09</font></div>
            </td>
            <td valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$1,800,000.00</font></div>
            </td>
            <td valign="bottom" width="13%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -19pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$70.74</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td align="left" valign="bottom" width="34%">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font>______________</div>
              <div>&#160;</div>
            </td>
            <td align="left" valign="bottom" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="13%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="13%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; VERTICAL-ALIGN: baseline; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(1)</font>&#160;
      </font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Plus
      such additional number of shares as may hereafter become issuable in the
      event of a stock dividend, split-up of shares, recapitalization or other
      similar transaction, without receipt of consideration, which results in an
      increase in the number of shares
outstanding.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font>&#160;
      </font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Estimated
      solely for the purpose of calculating the registration fee pursuant to
      Rule 457(c)(h), based on the closing sale price of the Common Stock in the
      Over-the-Counter Bulletin Board on March 11,
  2008.</font></div>
            </td>
          </tr>
      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PART
I</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTRATION
OF ADDITIONAL SHARES PURSUANT TO GENERAL INSTRUCTION E</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
document(s) containing the information specified in this Part 1 will be sent or
given to employees as specified by Rule 428(b)(1) (&#167;
230.428(b)(1)).&#160;&#160;Such documents need not be filed with the Commission
either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424 (&#167; 230.424).&#160;&#160;These documents and the
documents incorporated by reference in the registration statement pursuant to
Item 3 of Part II of this Form, taken together, constitute a prospectus that
meets the requirements of Section 10(a) of the Securities Act.&#160;&#160;See
Rule 428(a)(1) (&#167; 230.428(a)(1)). The 2002 Stock Compensation Plan, SEC File
Number 333-98159 is hereby incorporated herein by reference and pursuant to
General Instruction to Form S-8, Instruction E.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="F06954SV8_HTM_000" /><a name="FIS_EXPERTS">PART II</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT <a name="FIS_DOCUMENTS_BY_REFERENCE" /></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
3.&#160;&#160; &#160;&#160; Incorporation of Documents by
Reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following documents filed by the Registrant with the Securities and Exchange
Commission (the &#8220;Commission&#8221;) are incorporated by reference in this Registration
Statement:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#8226;</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Our
      Annual Report on Form 10-KSB for the year ended September 30, 2007;
      and</font></div>
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          <tr>
            <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#8226;</font></div>
            </td>
            <td align="left" valign="top" width="1%">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></div>
            </td>
            <td align="left" valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Our
      Quarterly Reports on Form 10-QSB for the quarters ended June 30, 2007; and
      December 31, 2007</font></div>
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          <tr>
            <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#8226;</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Our
      Current Reports on Forms 8-K filed April 20, 2007, August 16, 2007; June
      30, 2006, August 16, 2006, and September 29, 2006.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="3%">
              <div style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#8226;</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
      2002 Stock Compensation Plan, SEC File Number 333-98159 is hereby
      incorporated herein by reference and pursuant to General Instruction to
      Form S-8, Instruction E.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, all documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) (other than information furnished under Item
9 or Item 12 of any Form 8-K that is listed above or under Item 2.02 or Item
7.01 of any Form 8-K filed after September 29, 2006, or that is filed in the
future and is not deemed filed under the Securities Exchange Act of 1934, as
amended (the &#8220;Exchange Act&#8221;) of the Exchange Act, prior to the filing of a
post-effective amendment to this Registration Statement that indicates that all
securities offered hereby have been sold or that deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="FIS_SECURITIES_DESCRIPTION"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
4.&#160;&#160;&#160;&#160; Description of Securities.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We are
authorized to issue 900,000,000 shares of common stock, $0.001 par value per
share. As of February 19, 2008, 41,674,337shares of common stock were
outstanding. &#160;The following description of our capital stock does not
purport to be complete and is governed by and qualified by our certificate of
incorporation, bylaws, and by the provisions of applicable Nevada
law.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
Stock</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
holders of common stock are entitled to one vote per share on all matters to be
voted upon by the shareholders.&#160;&#160;The holders of common stock are
entitled to receive ratably dividends, if any, as may be declared from time to
time by the board of directors out of funds legally available for that
purpose.&#160;&#160;In the event of our liquidation, dissolution or winding up,
the holders of common stock are entitled to share ratably in all assets
remaining after payment of liabilities.&#160;&#160;The common stock has no
preemptive or conversion rights or other subscription rights.&#160;&#160;There
are no redemption or sinking fund provisions applicable to the common
stock.&#160;&#160;All outstanding shares of common stock are fully paid and
non-assessable.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We do not
intend to pay cash dividends on our common stock in the foreseeable
future.&#160;&#160;To the extent we have earnings in the future, we intend to
reinvest such earnings in our business operations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Securities and Exchange Commission has adopted regulations which generally
define &#8220;penny stock&#8221; to be any equity security that is not traded on a national
securities exchange or the NASDAQ Stock Market and that has a market price of
less than $5.00 per share or an exercise price of less than $5.00 per
share.&#160;&#160;A security of an issuer, generally, that has net tangible
assets in excess of $2 million or $5 million, respectively, depending upon
whether the issuer has been continuously operating for less or more than three
years, or &#8220;average revenue&#8221; of at least $6 million for the last three years,
would also be excluded from the definition of &#8220;penny stock.&#8221;&#160;&#160;As long
as we do not meet these financial requirements and our common stock is trading
at less than $5.00 per share on the OTC Bulletin Board, our common stock is
governed by rules that impose additional sales practice requirements on
broker-dealers who sell our securities to persons other than established
customers and accredited investors.&#160;&#160;For transactions covered by these
rules, the broker-dealer must make a special suitability determination for the
purchase of such securities and have received the purchaser&#8217;s written consent to
the transaction prior to the purchase, resulting in restrictions on the
marketability of our common stock.&#160;&#160;Additionally, the Securities and
Exchange Commission&#8217;s penny stock rules include various disclosure requirements
that may restrict the ability of broker-dealers to sell our common stock and may
affect the ability of our common stockholders to sell their shares in the
secondary market.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
5.&#160;&#160;&#160;&#160; Interests of Named Experts and Counsel.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_INDEMNIFICATION">Not applicable.</a></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
6.&#160;&#160;&#160; &#160;Indemnification of Directors and
Officers.</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Section 78.751 of the Nevada General
Corporation Laws&#160;&#160;provides&#160;&#160;as follows: 78.751
Indemnification&#160;&#160;of officers, directors, employees and agents; advance
of expenses. 1. A corporation may indemnify any person who was or is a party or
is threatened to be made a party to any threatened, pending or
completed&#160;&#160;action, suit or proceeding, whether&#160;&#160;civil,
criminal, administrative or investigative, except an action by or&#160;&#160;in
the right of the corporation, by reason of the fact that he is or was
a&#160;&#160;director, officer, employee or agent of the corporation, or is
or&#160;&#160;was&#160;&#160;serving at the request of the corporation as a
director, officer,&#160;&#160;employee or agent of another corporation,
partnership,
joint&#160;&#160;venture,&#160;&#160;trust&#160;&#160;or&#160;&#160;other
enterprise,&#160;&#160;against expenses, including attorney's fees, judgments,
fines and amounts paid&#160;&#160;in settlement&#160;&#160;actually and
reasonably incurred by him in connection with the action, suit or proceeding if
he acted in good faith and in&#160;&#160;a manner which he reasonably believed
to be in or not opposed to&#160;&#160;the&#160;&#160;best interests of the
corporation, and, with respect&#160;&#160;to
any&#160;&#160;criminal&#160;&#160;action or proceeding, had no reasonable cause
to believe&#160;&#160;his conduct was unlawful. The termination of any action,
suit or proceeding by judgment, order, settlement, conviction, or
upon&#160;&#160;a&#160;&#160;plea of nolo contendere or its equivalent, does
not,&#160;&#160;of itself, create a presumption that the person did not act in
good faith&#160;&#160;and in a manner which he reasonably believed
to&#160;&#160;be in or not&#160;&#160;opposed to the best interests of the
corporation, and that,
with&#160;&#160;respect&#160;&#160;to&#160;&#160;any&#160;&#160;criminal
action&#160;&#160;or proceeding,&#160;&#160;he had reasonable cause to believe
that his conduct was lawful.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>A corporation may indemnify any person
who was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor by reason of the fact that he&#160;&#160;is or
was a director, officer, employee or agent of the corporation,
or&#160;&#160;is&#160;&#160;or&#160;&#160;was&#160;&#160;serving at the request
of the corporation as&#160;&#160;a
director,&#160;&#160;officer,&#160;&#160;employee or
agent&#160;&#160;of&#160;&#160;another corporation,
partnership,&#160;&#160;joint&#160;&#160;venture, trust or other enterprise
against expenses,&#160;&#160;including&#160;&#160;amounts paid in
settlement&#160;&#160;and attorneys' fees&#160;&#160;actually and reasonably
incurred by him in connection with the&#160;&#160;defense or settlement of the
action or suit if he acted in good faith and in a manner which he reasonably
believed to be&#160;&#160;in
or&#160;&#160;not&#160;&#160;opposed&#160;&#160;to&#160;&#160;the&#160;&#160;best&#160;&#160;interests&#160;&#160;of&#160;&#160;the
corporation.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Indemnification may not be made for any
claim, issue or matter as to&#160;&#160;which such a person has been adjudged by
a court of competent jurisdiction,&#160;&#160;after exhaustion of all appeals
therefrom, to&#160;&#160;be liable&#160;&#160;to&#160;&#160;the corporation or
for amounts paid in settlement&#160;&#160;to the corporation, unless and only to
the extent that the court&#160;&#160;in which the action or suit was brought or
other court of competent jurisdiction determines upon application that in view
of all the circumstances of the case, the person&#160;&#160;is fairly and
reasonably entitled to indemnity for such expenses&#160;&#160;as the court deems
proper.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>To the extent that a director, officer,
employee or agent of a&#160;&#160;corporation has been successful on the merits
or otherwise&#160;&#160;in
defense&#160;&#160;of&#160;&#160;any&#160;&#160;action,&#160;&#160;suit&#160;&#160;or&#160;&#160;proceeding
referred&#160;&#160;to in subsections 1 and 2, or in defense of any claim, issue
or matter
therein,&#160;&#160;he&#160;&#160;must&#160;&#160;be&#160;&#160;indemnified
by&#160;&#160;the corporation against
expenses,&#160;&#160;including&#160;&#160;attorneys'
fees,&#160;&#160;actually&#160;&#160;and reasonably incurred by him in
connection with the defense.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Any indemnification under subsections 1
and 2, unless ordered by&#160;&#160;a court or advanced pursuant to subsection
5, must be made by the&#160;&#160;corporation only as authorized in the specific
case upon&#160;&#160;a determination&#160;&#160;that&#160;&#160;indemnification
of&#160;&#160;the director, officer,
employee&#160;&#160;&#160;or&#160;&#160;&#160;agent&#160;&#160;&#160;is&#160;&#160;proper&#160;&#160;in&#160;&#160;the
circumstances. The determination must be made: (a) By the stockholders:
(b)&#160;&#160;By the board&#160;&#160;of&#160;&#160;directors&#160;&#160;by
majority vote of a quorum consisting&#160;&#160;of directors who were not
parties to act, suit or proceeding; (c) If a&#160;&#160;majority vote of a
quorum consisting of directors who were not parties&#160;&#160;to the act, suit
or proceeding so orders, by independent legal counsel in a written opinion; or
(d) If a quorum consisting of&#160;&#160;directors who were not parties to the
act, suit or proceeding cannot&#160;&#160;to&#160;&#160;obtained, by independent
legal counsel in a written opinion; or The&#160;&#160;Articles of Incorporation,
the Bylaws or&#160;&#160;an agreement made by the corporation may provide that
the expenses of officers and directors incurred in defending a civil or
criminal, suit&#160;&#160;or proceeding&#160;&#160;must be paid by the
corporation as they are incurred and&#160;&#160;in&#160;&#160;advance of the
final disposition of the action, suit&#160;&#160;or proceeding, upon receipt of
an undertaking by or on behalf of the
director&#160;&#160;or&#160;&#160;officer&#160;&#160;to repay the amount
if&#160;&#160;it&#160;&#160;is ultimately determined by a court of competent
jurisdiction that he&#160;&#160;is not entitled to be indemnified by
corporation. The provisions of this subsection do not affect any rights to
advancement of expenses to which&#160;&#160;corporate personnel other than the
directors or officers may be entitled under any contract or otherwise by
law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The indemnification and advancement of
expenses authorized in or&#160;&#160;ordered&#160;&#160;by a court pursuant to
this section:&#160;&#160;(a) Does not
exclude&#160;&#160;&#160;any&#160;&#160;&#160;other&#160;&#160;&#160;rights&#160;&#160;to&#160;&#160;&#160;which&#160;&#160;&#160;a
person seeking indemnification or advancement of expenses may be entitled under
the&#160;&#160;articles of incorporation or any bylaw, agreement,
vote&#160;&#160;of stockholders or disinterested directors or otherwise, for
either an&#160;&#160;action&#160;&#160;in&#160;&#160;his&#160;&#160;official
capacity or an&#160;&#160;action in another
capacity&#160;&#160;while&#160;&#160;holding his office, except that
indemnification, unless&#160;&#160;ordered by a court pursuant to subsection 2
or&#160;&#160;for the advancement of expenses made pursuant to subsection 5, may
not be made&#160;&#160;to&#160;&#160;or&#160;&#160;on&#160;&#160;behalf of any
director or officer if&#160;&#160;a final
adjudication&#160;&#160;establishes&#160;&#160;that
his&#160;&#160;act&#160;&#160;or omissions involved intentional misconduct,
fraud or a knowing violation of&#160;&#160;the law
and&#160;&#160;was&#160;&#160;material to the cause of action.
(b)&#160;&#160;Continues&#160;&#160;for&#160;&#160;a
person&#160;&#160;who&#160;&#160;has&#160;&#160;ceased to be a director,
officer, employee&#160;&#160;or
agent&#160;&#160;and&#160;&#160;endures&#160;&#160;to the benefit of the heirs,
executors&#160;&#160;and administrators of such a person.&#160;&#160;Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted&#160;&#160;to directors,&#160;&#160;officers and controlling persons
of&#160;&#160;the Registrant
pursuant&#160;&#160;&#160;to&#160;&#160;&#160;the&#160;&#160;foregoing&#160;&#160;provisions,&#160;&#160;or
otherwise,&#160;&#160;&#160;the Registrant has been advised that in the opinion
of the Securities and&#160;&#160;Exchange&#160;&#160;Commission such
indemnification is against&#160;&#160;public policy as expressed in the
Securities Act and is, therefore,
unenforceable.&#160;&#160;&#160;In&#160;&#160;the event that a
claim&#160;&#160;for indemnification
against&#160;&#160;such&#160;&#160;liabilities&#160;&#160;(other&#160;&#160;than
the&#160;&#160;payment by&#160;&#160;&#160;the registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any&#160;&#160;action,&#160;&#160;suit or proceeding) is
asserted by such director, officer&#160;&#160;or&#160;&#160;controlling person
in connection with the securities being&#160;&#160;registered, the Registrant
will, unless in the opinion&#160;&#160;of its counsel the matter has been
settled by controlling precedent,
submit&#160;&#160;to&#160;&#160;a&#160;&#160;court&#160;&#160;of&#160;&#160;appropriate
jurisdiction the&#160;&#160;question whether&#160;&#160;such indemnification by
it is against public policy&#160;&#160;as expressed in the Securities Act and
will be governed by the final adjudication of such issue.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
7.&#160;&#160;&#160; &#160;Exemption from Registration Claimed.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
applicable.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
8.&#160;&#160;&#160; Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="middle" width="72%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">No.</font></font></div>
            </td>
            <td align="left" valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
            </td>
            <td align="left" valign="bottom" width="72%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Description</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="8%">
              <div>&#160;</div>
            </td>
            <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="middle" width="72%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.1</font></div>
            </td>
            <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="middle" width="72%">
              <div style="DISPLAY: block; MARGIN-LEFT: 10pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2002
      Stock Compensation Plan I, as Amended February 29, 2008</font></div>
            </td>
          </tr>
          <tr bgcolor="#cceeff">
            <td align="left" valign="bottom" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5.1</font></div>
            </td>
            <td align="left" valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
            </td>
            <td align="left" valign="middle" width="72%">
              <div style="DISPLAY: block; MARGIN-LEFT: 10pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Opinion
      and consent of Mailander Law Office, Inc. re: the legality of the shares
      being registered.</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td align="left" valign="bottom" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 20pt; TEXT-INDENT: -19pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.1&#160;&#160;
      </font></div>
            </td>
            <td align="left" valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
            </td>
            <td align="left" valign="middle" width="72%">
              <div style="DISPLAY: block; MARGIN-LEFT: 10pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of Mailander Law Office, Inc. (included in Exhibit 5.1)</font></div>
            </td>
          </tr>
          <tr bgcolor="#cceeff">
            <td align="left" valign="bottom" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 20pt; TEXT-INDENT: -19pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.2&#160;&#160;
      </font></div>
            </td>
            <td align="left" valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
            </td>
            <td align="left" valign="bottom" width="72%">
              <div style="DISPLAY: block; MARGIN-LEFT: 10pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of Moore &amp; Associates, Certified Public
  Accountants</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_UNDERTAKINGS">Item 9.&#160;&#160;&#160; Undertakings.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="F06954SV8_HTM_001" /><a name="FIS_EXHIBITS">The undersigned Registrant hereby
undertakes:</a></font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration
  Statement:</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 40pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
              </td>
              <td><font size="2">to include any prospectus required by Section 10(a)(3) of
      the Securities Act;</font></td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
      reflect in the prospectus any facts or events arising after the effective
      date of this Registration Statement (or the most recent post-effective
      amendment hereof) which, individually or in the aggregate, represent a
      fundamental change in the information set forth in this Registration
      Statement.&#160;&#160;Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high end of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b), if in the aggregate, the changes in volume and
      price represent no more than a 20% change in the maximum aggregate
      offering&#160;&#160;price set forth in
      the&#160;&#160;&#8220;Calculation&#160;&#160;of the Registration&#160;&#160;Fee&#8221;
      table in the effective registration
statement.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
      include any material information with respect to the plan of
      distribution&#160;&#160;not previously&#160;&#160;disclosed in this
      Registration&#160;&#160;Statement or any material&#160;&#160;change to
      such information in this Registration Statement; provided, however, that
      the undertakings set forth in paragraph (a) and (b) above shall not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act
      of 1934 (the &#8220;Exchange Act&#8221;) that are incorporated by reference in this
      Registration Statement.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
      for the purpose of determining any liability under the Securities Act of
      1933, each such post-effective amendment shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona fide offering thereof.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 40pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of this
      offering.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of
1933 and is, therefore, unenforceable.&#160;&#160;In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such
issue.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant&#8217;s
annual report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
purposes of determining any liability under the Securities Act of 1933, the
information omitted from the form of prospectus filed as part of this
Registration Statement in reliance upon Rule 430A and contained in a form of
prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h)
under the Securities Act of 1933 shall be deemed to be part of this Registration
Statement as of the time it was declared effective.&#160;&#160;For the purpose
of determining any liability under the Securities Act of 1933, each
post-effective that contains a form of prospectus shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><a name="fis_signatures"><br></a></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Registrant.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Act of 1933, as amended, Falcon Ridge
Development, Inc. certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement on Form S-8 to be signed on its behalf by the
undersigned, hereunto duly authorized, in the City of Albuquerque, New Mexico,
on the 17<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font> day of
March, 2008.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 240pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Falcon
Ridge Development, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 252pt"></font>By:&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Fred M.
Montano</font></font></div>
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to the requirements of the Securities Exchange Act of 1933, as amended, this
Registration Statement has been signed by the following persons on behalf of the
issuer in the capacities and on the dates indicated.</font></div>
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      17, 2008</font></div>
            </td>
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      </font></td>
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="59%">
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="59%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="59%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">March
      17, 2008</font></div>
            </td>
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      </font></td>
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      </font></td>
            <td align="left" valign="top" width="59%" style="BORDER-BOTTOM: black 2px solid">
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="59%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="59%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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      </font></td>
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            <td align="left" valign="top" width="59%" style="BORDER-BOTTOM: black 2px solid">
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="59%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
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to the requirements of the Securities Act of 1933, the trustees (or other
persons who administer the plan have duly caused this registration statement to
be signed on its behalf by the undersigned, thereunto duly authorized in the
City of Albuquerque, State of New Mexico, on March 17, 2008.</font></div>
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{"company-data": {"conformed-name": "Falcon Ridge Development Inc.", "cik": "0001065659", "assigned-sic": "6552", "irs-number": "841461919", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-149752", "film-number": "08692455"}, "business-address": {"street1": "5111 JUAN TABO BOULEVARD N.E.", "city": "ALBUQUERQUE", "state": "NM", "zip": "87111", "phone": "(866) 302-2248"}, "mail-address": {"street1": "5111 JUAN TABO BOULEVARD N.E.", "city": "ALBUQUERQUE", "state": "NM", "zip": "87111"}, "former-company": [{"former-conformed-name": "POCKETSPEC TECHNOLOGIES INC", "date-changed": "20011207"}, {"former-conformed-name": "REAL ESTATE OPPORTUNITIES INC", "date-changed": "20001107"}, {"former-conformed-name": "MONUMENT GALLERIES INC", "date-changed": "19991214"}]}
falconridges8_31208.htm
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
FALCON
RIDGE DEVELOPMENT, INC.
(formerly
known as PocketSpec Technologies Inc.)
(Exact
Name of Registrant as Specified in its Charter)
Nevada
(State
      or other jurisdiction of incorporation or organization)
84-1461919
(I.R.S.
      Employer
Identification
      Number)
5111 Juan
Tabo Boulevard N.E.
Albuquerque,
New Mexico 87111
(866) 302-2248
(Address
of Principal Executive Offices and Zip Code)
Corporate
Direct, Inc.
2248
Meridian Boulevard, Ste. H
Minden,
Nevada 89423
(775)
782-2201
(Name,
Address, including Zip Code, and Telephone Number, including Area Code, of Agent
for Service)
2002
STOCK COMPENSATION PLAN
(Full
Title of the Plans)
Copies
to:
Tad
Mailander, Esq.
Mailander
Law Office, Inc.
The Louis
Bank of Commerce, 835 5
th
Avenue,
Ste. 312
San
Diego, California 92101
Telephone
(619) 239-9034
Facsimile
(619) 239-9047
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b­ 2 of the Exchange Act.
Large accelerated filer
                                                                                     Accelerated
filer 
Non-accelerated
filer                                                                                        Smaller
reporting company
þ
(Do
not check if a smaller reporting company)
Approximate
date of proposed sales pursuant to the plan: Upon the effective date of this
Registration Statement.
CALCULATION
OF REGISTRATION FEE
Title
      of securities to be registered
Amount
      to be registered
Proposed
      maximum offering
price
per share
(1)
Proposed
      maximum aggregate
offering
      price
(
1)
Amount of registration fee
(2)
Common
      Stock, $0.001 par value
20,000,000
$0.09
$1,800,000.00
$70.74
______________
(1)
Plus
      such additional number of shares as may hereafter become issuable in the
      event of a stock dividend, split-up of shares, recapitalization or other
      similar transaction, without receipt of consideration, which results in an
      increase in the number of shares
outstanding.
(2)
Estimated
      solely for the purpose of calculating the registration fee pursuant to
      Rule 457(c)(h), based on the closing sale price of the Common Stock in the
      Over-the-Counter Bulletin Board on March 11,
  2008.
PART
I
REGISTRATION
OF ADDITIONAL SHARES PURSUANT TO GENERAL INSTRUCTION E
The
document(s) containing the information specified in this Part 1 will be sent or
given to employees as specified by Rule 428(b)(1) (§
230.428(b)(1)).  Such documents need not be filed with the Commission
either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424 (§ 230.424).  These documents and the
documents incorporated by reference in the registration statement pursuant to
Item 3 of Part II of this Form, taken together, constitute a prospectus that
meets the requirements of Section 10(a) of the Securities Act.  See
Rule 428(a)(1) (§ 230.428(a)(1)). The 2002 Stock Compensation Plan, SEC File
Number 333-98159 is hereby incorporated herein by reference and pursuant to
General Instruction to Form S-8, Instruction E.
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item
3.      Incorporation of Documents by
Reference.
The
following documents filed by the Registrant with the Securities and Exchange
Commission (the "Commission") are incorporated by reference in this Registration
Statement:
•
Our
      Annual Report on Form 10-KSB for the year ended September 30, 2007;
      and
•
Our
      Quarterly Reports on Form 10-QSB for the quarters ended June 30, 2007; and
      December 31, 2007
•
Our
      Current Reports on Forms 8-K filed April 20, 2007, August 16, 2007; June
      30, 2006, August 16, 2006, and September 29, 2006.
•
The
      2002 Stock Compensation Plan, SEC File Number 333-98159 is hereby
      incorporated herein by reference and pursuant to General Instruction to
      Form S-8, Instruction E.
In
addition, all documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) (other than information furnished under Item
9 or Item 12 of any Form 8-K that is listed above or under Item 2.02 or Item
7.01 of any Form 8-K filed after September 29, 2006, or that is filed in the
future and is not deemed filed under the Securities Exchange Act of 1934, as
amended (the "Exchange Act") of the Exchange Act, prior to the filing of a
post-effective amendment to this Registration Statement that indicates that all
securities offered hereby have been sold or that deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
Item
4.     Description of Securities.
We are
authorized to issue 900,000,000 shares of common stock, $0.001 par value per
share. As of February 19, 2008, 41,674,337shares of common stock were
outstanding.  The following description of our capital stock does not
purport to be complete and is governed by and qualified by our certificate of
incorporation, bylaws, and by the provisions of applicable Nevada
law.
Common
Stock
The
holders of common stock are entitled to one vote per share on all matters to be
voted upon by the shareholders.  The holders of common stock are
entitled to receive ratably dividends, if any, as may be declared from time to
time by the board of directors out of funds legally available for that
purpose.  In the event of our liquidation, dissolution or winding up,
the holders of common stock are entitled to share ratably in all assets
remaining after payment of liabilities.  The common stock has no
preemptive or conversion rights or other subscription rights.  There
are no redemption or sinking fund provisions applicable to the common
stock.  All outstanding shares of common stock are fully paid and
non-assessable.
We do not
intend to pay cash dividends on our common stock in the foreseeable
future.  To the extent we have earnings in the future, we intend to
reinvest such earnings in our business operations.
The
Securities and Exchange Commission has adopted regulations which generally
define "penny stock" to be any equity security that is not traded on a national
securities exchange or the NASDAQ Stock Market and that has a market price of
less than $5.00 per share or an exercise price of less than $5.00 per
share.  A security of an issuer, generally, that has net tangible
assets in excess of $2 million or $5 million, respectively, depending upon
whether the issuer has been continuously operating for less or more than three
years, or "average revenue" of at least $6 million for the last three years,
would also be excluded from the definition of "penny stock."  As long
as we do not meet these financial requirements and our common stock is trading
at less than $5.00 per share on the OTC Bulletin Board, our common stock is
governed by rules that impose additional sales practice requirements on
broker-dealers who sell our securities to persons other than established
customers and accredited investors.  For transactions covered by these
rules, the broker-dealer must make a special suitability determination for the
purchase of such securities and have received the purchaser's written consent to
the transaction prior to the purchase, resulting in restrictions on the
marketability of our common stock.  Additionally, the Securities and
Exchange Commission's penny stock rules include various disclosure requirements
that may restrict the ability of broker-dealers to sell our common stock and may
affect the ability of our common stockholders to sell their shares in the
secondary market.
Item
5.     Interests of Named Experts and Counsel.
Not applicable.
Item
6.     Indemnification of Directors and
Officers.
Section 78.751 of the Nevada General
Corporation Laws  provides  as follows: 78.751
Indemnification  of officers, directors, employees and agents; advance
of expenses. 1. A corporation may indemnify any person who was or is a party or
is threatened to be made a party to any threatened, pending or
completed  action, suit or proceeding, whether  civil,
criminal, administrative or investigative, except an action by or  in
the right of the corporation, by reason of the fact that he is or was
a  director, officer, employee or agent of the corporation, or is
or  was  serving at the request of the corporation as a
director, officer,  employee or agent of another corporation,
partnership,
joint  venture,  trust  or  other
enterprise,  against expenses, including attorney's fees, judgments,
fines and amounts paid  in settlement  actually and
reasonably incurred by him in connection with the action, suit or proceeding if
he acted in good faith and in  a manner which he reasonably believed
to be in or not opposed to  the  best interests of the
corporation, and, with respect  to
any  criminal  action or proceeding, had no reasonable cause
to believe  his conduct was unlawful. The termination of any action,
suit or proceeding by judgment, order, settlement, conviction, or
upon  a  plea of nolo contendere or its equivalent, does
not,  of itself, create a presumption that the person did not act in
good faith  and in a manner which he reasonably believed
to  be in or not  opposed to the best interests of the
corporation, and that,
with  respect  to  any  criminal
action  or proceeding,  he had reasonable cause to believe
that his conduct was lawful.
A corporation may indemnify any person
who was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor by reason of the fact that he  is or
was a director, officer, employee or agent of the corporation,
or  is  or  was  serving at the request
of the corporation as  a
director,  officer,  employee or
agent  of  another corporation,
partnership,  joint  venture, trust or other enterprise
against expenses,  including  amounts paid in
settlement  and attorneys' fees  actually and reasonably
incurred by him in connection with the  defense or settlement of the
action or suit if he acted in good faith and in a manner which he reasonably
believed to be  in
or  not  opposed  to  the  best  interests  of  the
corporation.
Indemnification may not be made for any
claim, issue or matter as to  which such a person has been adjudged by
a court of competent jurisdiction,  after exhaustion of all appeals
therefrom, to  be liable  to  the corporation or
for amounts paid in settlement  to the corporation, unless and only to
the extent that the court  in which the action or suit was brought or
other court of competent jurisdiction determines upon application that in view
of all the circumstances of the case, the person  is fairly and
reasonably entitled to indemnity for such expenses  as the court deems
proper.
To the extent that a director, officer,
employee or agent of a  corporation has been successful on the merits
or otherwise  in
defense  of  any  action,  suit  or  proceeding
referred  to in subsections 1 and 2, or in defense of any claim, issue
or matter
therein,  he  must  be  indemnified
by  the corporation against
expenses,  including  attorneys'
fees,  actually  and reasonably incurred by him in
connection with the defense.
Any indemnification under subsections 1
and 2, unless ordered by  a court or advanced pursuant to subsection
5, must be made by the  corporation only as authorized in the specific
case upon  a determination  that  indemnification
of  the director, officer,
employee   or   agent   is  proper  in  the
circumstances. The determination must be made: (a) By the stockholders:
(b)  By the board  of  directors  by
majority vote of a quorum consisting  of directors who were not
parties to act, suit or proceeding; (c) If a  majority vote of a
quorum consisting of directors who were not parties  to the act, suit
or proceeding so orders, by independent legal counsel in a written opinion; or
(d) If a quorum consisting of  directors who were not parties to the
act, suit or proceeding cannot  to  obtained, by independent
legal counsel in a written opinion; or The  Articles of Incorporation,
the Bylaws or  an agreement made by the corporation may provide that
the expenses of officers and directors incurred in defending a civil or
criminal, suit  or proceeding  must be paid by the
corporation as they are incurred and  in  advance of the
final disposition of the action, suit  or proceeding, upon receipt of
an undertaking by or on behalf of the
director  or  officer  to repay the amount
if  it  is ultimately determined by a court of competent
jurisdiction that he  is not entitled to be indemnified by
corporation. The provisions of this subsection do not affect any rights to
advancement of expenses to which  corporate personnel other than the
directors or officers may be entitled under any contract or otherwise by
law.
The indemnification and advancement of
expenses authorized in or  ordered  by a court pursuant to
this section:  (a) Does not
exclude   any   other   rights  to   which   a
person seeking indemnification or advancement of expenses may be entitled under
the  articles of incorporation or any bylaw, agreement,
vote  of stockholders or disinterested directors or otherwise, for
either an  action  in  his  official
capacity or an  action in another
capacity  while  holding his office, except that
indemnification, unless  ordered by a court pursuant to subsection 2
or  for the advancement of expenses made pursuant to subsection 5, may
not be made  to  or  on  behalf of any
director or officer if  a final
adjudication  establishes  that
his  act  or omissions involved intentional misconduct,
fraud or a knowing violation of  the law
and  was  material to the cause of action.
(b)  Continues  for  a
person  who  has  ceased to be a director,
officer, employee  or
agent  and  endures  to the benefit of the heirs,
executors  and administrators of such a person.  Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted  to directors,  officers and controlling persons
of  the Registrant
pursuant   to   the  foregoing  provisions,  or
otherwise,   the Registrant has been advised that in the opinion
of the Securities and  Exchange  Commission such
indemnification is against  public policy as expressed in the
Securities Act and is, therefore,
unenforceable.   In  the event that a
claim  for indemnification
against  such  liabilities  (other  than
the  payment by   the registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any  action,  suit or proceeding) is
asserted by such director, officer  or  controlling person
in connection with the securities being  registered, the Registrant
will, unless in the opinion  of its counsel the matter has been
settled by controlling precedent,
submit  to  a  court  of  appropriate
jurisdiction the  question whether  such indemnification by
it is against public policy  as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
Item
7.     Exemption from Registration Claimed.
Not
applicable.
Item
8.    Exhibits.
No.
Description
4.1
2002
      Stock Compensation Plan I, as Amended February 29, 2008
5.1
Opinion
      and consent of Mailander Law Office, Inc. re: the legality of the shares
      being registered.
23.1
Consent
      of Mailander Law Office, Inc. (included in Exhibit 5.1)
23.2
Consent
      of Moore & Associates, Certified Public
  Accountants
Item 9.    Undertakings.
The undersigned Registrant hereby
undertakes:
(1)
To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration
  Statement:
(a)
to include any prospectus required by Section 10(a)(3) of
      the Securities Act;
(b)
to
      reflect in the prospectus any facts or events arising after the effective
      date of this Registration Statement (or the most recent post-effective
      amendment hereof) which, individually or in the aggregate, represent a
      fundamental change in the information set forth in this Registration
      Statement.  Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high end of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b), if in the aggregate, the changes in volume and
      price represent no more than a 20% change in the maximum aggregate
      offering  price set forth in
      the  "Calculation  of the Registration  Fee"
      table in the effective registration
statement.
(c)
to
      include any material information with respect to the plan of
      distribution  not previously  disclosed in this
      Registration  Statement or any material  change to
      such information in this Registration Statement; provided, however, that
      the undertakings set forth in paragraph (a) and (b) above shall not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act
      of 1934 (the "Exchange Act") that are incorporated by reference in this
      Registration Statement.
(2)
That,
      for the purpose of determining any liability under the Securities Act of
      1933, each such post-effective amendment shall be deemed to be a new
      registration statement relating to the securities offered therein, and the
      offering of such securities at that time shall be deemed to be the initial
      bona fide offering thereof.
(3)
To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of this
      offering.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of
1933 and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such
issue.
The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
For
purposes of determining any liability under the Securities Act of 1933, the
information omitted from the form of prospectus filed as part of this
Registration Statement in reliance upon Rule 430A and contained in a form of
prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h)
under the Securities Act of 1933 shall be deemed to be part of this Registration
Statement as of the time it was declared effective.  For the purpose
of determining any liability under the Securities Act of 1933, each
post-effective that contains a form of prospectus shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
SIGNATURES
The
Registrant.
Pursuant
to the requirements of the Securities Act of 1933, as amended, Falcon Ridge
Development, Inc. certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement on Form S-8 to be signed on its behalf by the
undersigned, hereunto duly authorized, in the City of Albuquerque, New Mexico,
on the 17
th
day of
March, 2008.
Falcon
Ridge Development, Inc.
By:
/s/ Fred M.
Montano
Fred M. Montano
Chief Executive Officer
Pursuant
to the requirements of the Securities Exchange Act of 1933, as amended, this
Registration Statement has been signed by the following persons on behalf of the
issuer in the capacities and on the dates indicated.
March
      17, 2008
By:
/s/ Fred M. Montano
Fred
      M. Montano
Chief
      Executive Officer, Director
March
      17, 2008
By:
/s/ Karen Y.
      Duran
Karen
      Y. Duran
Chief
      Financial Officer
March
      17, 2008
By:
/s/ Sebastian Ramirez
Sebastian
      Ramirez, Director
March
      17, 2008
By:
/s/ Troy Duran
Troy
      Duran, Director
The
Plan
Pursuant
to the requirements of the Securities Act of 1933, the trustees (or other
persons who administer the plan have duly caused this registration statement to
be signed on its behalf by the undersigned, thereunto duly authorized in the
City of Albuquerque, State of New Mexico, on March 17, 2008.
March
      17, 2008
By:
/s/ Fred M. Montano
Fred
      M. Montano
Chief
      Executive Officer, Director
Plan
      Administrator