x
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QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the quarterly period ended January 31, 2010
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¨
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TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934
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Delaware
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98-0568153
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(State
of organization)
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(I.R.S.
Employer Identification No.)
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Large
Accelerated
Filer ¨
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Accelerated
Filer ¨
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Non-Accelerated Filer ¨
(Do not check
if a smaller
reporting
company)
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Smaller
Reporting Company
x
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ITEM
1.
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FINANCIAL
STATEMENTS
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3
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ITEM
2.
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MANAGEMENT’S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
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10
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ITEM
3.
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QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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12
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ITEM
4A(T).
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CONTROLS
AND PROCEDURES
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12
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PART
II - OTHER INFORMATION
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|||
ITEM
1.
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LEGAL
PROCEEDINGS
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13
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ITEM
1A.
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RISK
FACTORS
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13
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ITEM
2.
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UNREGISTERED
SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
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13
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ITEM
3.
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DEFAULTS
UPON SENIOR SECURITIES
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13
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ITEM
4.
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RESERVED
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13
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ITEM
5.
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OTHER
INFORMATION
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13
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ITEM
6.
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EXHIBITS
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13
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SIGNATURES
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14
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EXHIBIT
10.9
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|||
EXHIBIT
10.10
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|||
EXHIBIT
31.1
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|||
EXHIBIT
32.1
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January 31,
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July 31,
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|||||||
(in US$)
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2010
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2009
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||||||
(Unaudited)
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(Audited)
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|||||||
Current Assets
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||||||||
Cash
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$ | - | $ | - | ||||
Prepaid
Expense
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– | – | ||||||
Inventory
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– | – | ||||||
Total
Current Assets
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– | – | ||||||
Property
and Equipment (net)
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– | – | ||||||
TOTAL
ASSETS
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$ | - | $ | - | ||||
Current Liabilities
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||||||||
Accounts
Payable
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$ | 2,039 | $ | 1,075 | ||||
Accrued
Interest
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5,305 | 2,763 | ||||||
Notes Due to Related
Parties
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123,946 | 77,653 | ||||||
Total
Current Liabilities
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131,290 | 81,491 | ||||||
Total
Liabilities
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131,290 | 81,491 | ||||||
Stockholders Equity
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||||||||
Preferred
stock, ($.0001 par value, 20,000,000 shares authorized; none
issued and outstanding)
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– | – | ||||||
Common
stock, ($.0001 par value, 100,000,000 shares authorized; 393,169 shares
outstanding as of January 31, 2010 and July 31, 2009)
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2,064 | 2,064 | ||||||
Additional
Paid-in Capital
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71,662 | 71,662 | ||||||
Retained Deficit
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(205,016 | ) | (155,217 | ) | ||||
Total
Stockholders Equity
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(131,290 | ) | (81,491 | ) | ||||
Total
Liabilities & Stockholders Equity
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$ | - | $ | - |
Three Months Ended
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Six Months Ended
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October 23, 2003 thru
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||||||||||||||||||
January 31,
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January 31,
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January 31,
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January 31,
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January 31, 2010
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||||||||||||||||
(in US$)
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2010
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2009
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2010
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2009
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Since Inception
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|||||||||||||||
(Unaudited)
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(Unaudited)
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(Unaudited)
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(Unaudited)
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(Unaudited)
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||||||||||||||||
Revenues
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$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Operating Expenses
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||||||||||||||||||||
Amortization
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– | – | – | – | 741 | |||||||||||||||
General
and Administrative
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539 | 663 | 1,637 | 1,702 | 28,050 | |||||||||||||||
Management
Fees
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10,000 | 10,000 | 20,000 | 20,000 | 87,500 | |||||||||||||||
Marketing
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– | – | – | – | 11,192 | |||||||||||||||
Professional
Fees
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20,720 | 2,075 | 25,620 | 8,779 | 71,461 | |||||||||||||||
Rent
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– | – | – | – | 767 | |||||||||||||||
Total
Operating Expenses
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31,259 | 12,738 | 47,257 | 30,481 | 199,711 | |||||||||||||||
Other
Expenses
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||||||||||||||||||||
Interest
Expense
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1,368 | 561 | 2,542 | 1,020 | 5,305 | |||||||||||||||
Total
Expenses
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32,627 | 13,299 | 49,799 | 31,501 | 205,016 | |||||||||||||||
Net
Income
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$ | (32,627 | ) | $ | (13,299 | ) | $ | (49,799 | ) | $ | (31,501 | ) | $ | (205,016 | ) | |||||
Basic
Earnings/Loss per share
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$ | (0.08 | ) | $ | (0.03 | ) | $ | (0.13 | ) | $ | (0.08 | ) | ||||||||
Weighted
Average Shares
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393,169 | 393,169 | 393,169 | 393,169 |
Three Months Ended
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Six Months Ended
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October 23, 2003 thru
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||||||||||||||||||
January 31,
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January 31,
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January 31,
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January 31,
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January 31, 2010
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||||||||||||||||
(in US$)
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2010
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2009
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2010
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2009
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Since Inception
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|||||||||||||||
(Unaudited)
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(Unaudited)
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(Unaudited)
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(Unaudited)
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(Unaudited)
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||||||||||||||||
Operating
Activities
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||||||||||||||||||||
Net
Profit (Loss)
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(32,627 | ) | (13,299 | ) | (49,799 | ) | (31,501 | ) | (205,016 | ) | ||||||||||
Amortization
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– | – | – | – | 741 | |||||||||||||||
Change in Operating Assets and
Liabilities:
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||||||||||||||||||||
Change
in Prepaid expense
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– | – | – | – | – | |||||||||||||||
Change
in Inventory
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– | – | – | – | – | |||||||||||||||
Change
in Accounts Payable
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(2,234 | ) | (1,725 | ) | 964 | 1,275 | 2,039 | |||||||||||||
Change
in Accrued Liabilities
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– | – | – | – | – | |||||||||||||||
Change in Accrued Interest
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1,368 | 561 | 2,542 | 1,020 | 5,305 | |||||||||||||||
Net
Cash from Operating Activities
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(33,493 | ) | (14,463 | ) | (46,293 | ) | (29,206 | ) | (196,931 | ) | ||||||||||
Investing
Activities
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||||||||||||||||||||
Purchase of Property &
Equipment
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– | – | – | – | (741 | ) | ||||||||||||||
Net
Cash from Investing Activities
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– | – | – | – | (741 | ) | ||||||||||||||
Financing
Activities
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||||||||||||||||||||
Changes
in Notes Due to Related Parties
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33,493 | 14,463 | 46,293 | 29,206 | 123,946 | |||||||||||||||
Common
Stock Issued for Services
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– | – | – | – | 300 | |||||||||||||||
Donated
Capital
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– | – | – | – | 23,636 | |||||||||||||||
Proceeds from Common Stock
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– | – | – | – | 49,790 | |||||||||||||||
Net
Cash from Financing Activities
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33,493 | 14,463 | 46,293 | 29,206 | 197,672 | |||||||||||||||
Net
(decrease) increase in Cash
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– | – | – | – | – | |||||||||||||||
Cash Beginning of Period
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– | – | – | – | – | |||||||||||||||
Cash
End of Period
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$ | - | $ | - | $ | - | $ | - | $ | - |
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*
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Preferred stock, $0.0001 par
value: 20,000,000 shares authorized; -0- shares issued and
outstanding.
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*
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Common stock, $0.0001 par value:
100,000,000 shares authorized; 393,169 shares issued and
outstanding.
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MANAGEMENT’S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
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·
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failure
to make timely filings with the SEC as required by the Exchange Act, which
may also result in suspension of trading or quotation of our stock and
could result in fines and penalties to us under the Exchange
Act;
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·
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curtailing
or eliminating our ability to locate and perform suitable investigations
of potential acquisitions; or
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·
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inability
to complete a desirable acquisition due to lack of funds to pay legal and
accounting fees and acquisition-related
expenses.
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Exhibit
No.
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Description
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10.9 |
Fourth
Amendment and Restatement of Loan Agreement and Promissory Note, dated as
of March 15, 2010.
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10.10 |
Services
Agreement between Blink Couture, Inc. and Regent Private Capital, LLC,
dated as of January 1, 2010.
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31.1
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Certification
of Principal Executive Officer and Principal Financial Officer filed
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.
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32.1
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Certification
of Principal Executive Officer and Principal Financial Officer furnished
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of
2002.
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BLINK
COUTURE, INC.
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||
Date:
March 16, 2010
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By:
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/s/ Lawrence
D. Field
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Lawrence
D. Field
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President,
Chief Executive Officer, Chief Financial
Officer
and Secretary
(Principal
Executive Officer and Principal
Financial
Officer)
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