Golden Elephant Glass (PINK:GOEG)

As of March 31, 2010, we had cash and cash equivalents of $7,340. We incurred a net loss of $1,240,253 for the three months ended March 31, 2010 and had accumulated deficits of $12,802,022 as of March 31, 2010. In addition, we have been implementing a maintenance program for the float glass production lines since November 2008. During the maintenance period, all operations of the production lines and all manufacturing of the glass products are suspended. These matters raise substantial doubt about our ability to continue as a going concern.