(Mark
One)
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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: March 31, 2009
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Or
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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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Commission
File No. 333-144082
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MARVIN’S PLACE, INC.
(Exact
name of small business issuer as specified in its
charter)
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Nevada
(State
or other jurisdiction of incorporation or organization)
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20-8758875
(I.R.S.
Employer Identification No.)
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8860
Greenlawn St., Riverside, California 92508
(Address
of Principal Executive Offices)
(951) 902-2022
(Issuer’s
telephone number)
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None
(Former
name, former address and former fiscal year, if changed since last
report)
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Class
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Outstanding
shares as of May 11, 2009
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Common
Stock, $0.001 par value
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3,500,000
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INDEX
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Page
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PART
1-FINANCIAL INFORMATION
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2
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Report
of Independent Registered Public Accountant
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F-1
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Item
1. Financial Statements
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F-2
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Balance
Sheets as of March 31, 2009 (unaudited) and December 31,
2008
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Statements
of Operations (unaudited) for the three months ended March 31, 2009 and
March 31,2008 and the period from inception (April 11, 2007) to March 31,
2009.
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F-3
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Statements
of Cash Flows (unaudited) for the three months ended March 31, 2009 and
March31, 2008 and the period from inception (April 11, 2007) to March 31,
2009
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F-4
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Statement
of Stockholders Equity (Deficit) for the three months ended March 31, 2009
and theperiod from inception (April 11, 2007) to March 31,
2009
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F-5
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Notes to Financial
Statements
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F-6
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Item
2. Management’s Discussion and Analysis of Financial Condition and Results
of Operations
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3
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Item
3. Quantitative and Qualitative Disclosures about Market
Risk
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4
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Item
4. Control and Procedures
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4
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PART
11-OTHER INFORMATION
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5
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Item
1. Legal Proceedings
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5
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Item
1A. Risk Factors
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5
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Item
2. Unregistered Sales of Equity Securities and Use of
Proceeds
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7
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Item
6. Exhibits
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7
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SIGNATURES
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8
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March
31,
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December
31,
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|||||||
2009
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2008
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|||||||
(unaudited)
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||||||||
ASSETS
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||||||||
CURRENT
ASSETS
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||||||||
Cash
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$ | 2,260 | $ | 2,887 | ||||
Total
Current Assets
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2,260 | 2,887 | ||||||
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||||||||
TOTAL
ASSETS
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$ | 2,260 | $ | 2,887 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)
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||||||||
CURRENT
LIABILITIES
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||||||||
Accounts
payable
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$ | 1,718 | $ | 1,000 | ||||
Advances
from related parties
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2,595 | - | ||||||
Total
Current Liabilities
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4,313 | 1,000 | ||||||
STOCKHOLDERS'
EQUITY (DEFICIT)
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||||||||
Preferred
stock, 5,000,000 shares authorized
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||||||||
at
par value of $0.001, no shares
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||||||||
issued
and outstanding
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- | - | ||||||
Common
stock, 70,000,000 shares authorized
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||||||||
at
par value of $0.001, 2,805,000 and 1,750,000 $0.001;
3,500,000
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||||||||
shares
issued and outstanding
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3,500 | 3,500 | ||||||
Additional
paid-in capital
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76,500 | 76,500 | ||||||
Deficit
accumulated during the development stage
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(82,053 | ) | (78,113 | ) | ||||
Total
Stockholders' Equity (Deficit)
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(2,053 | ) | 1,887 | |||||
TOTAL
LIABILITIES AND
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STOCKHOLDERS'
EQUITY (DEFICIT)
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$ | 2,260 | $ | 2,887 |
From
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Inception
on
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||||||||||||
April
11, 2007
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||||||||||||
For
the Three Months Ended
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Through
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March
31,
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March
31,
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|||||||||||
2009
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2008
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2009
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||||||||||
REVENUES
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$ | - | $ | $ | ||||||||
COST
OF SALES
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- | - | - | |||||||||
GROSS
MARGIN
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- | - | - | |||||||||
OPERATING
EXPENSES
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||||||||||||
General
and administrative
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3,940 | 7,065 | 82,053 | |||||||||
Total
Operating Expenses
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3,940 | 7,065 | 82,053 | |||||||||
INCOME
(LOSS) FROM
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||||||||||||
OPERATIONS
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(3,940 | ) | (7,065 | ) | (82,053 | ) | ||||||
OTHER
EXPENSES
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||||||||||||
Interest
expense
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- | - | - | |||||||||
Total
Other Expenses
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- | - | - | |||||||||
NET
LOSS BEFORE INCOME TAXES
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(3,940 | ) | (7,065 | ) | (82,053 | ) | ||||||
INCOME
TAX EXPENSE
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- | - | - | |||||||||
NET
LOSS
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$ | (3,940 | ) | $ | (7,065 | ) | $ | (82,053 | ) | |||
BASIC
LOSS PER SHARE
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$ | (0.00 | ) | $ | (0.00 | ) | ||||||
WEIGHTED
AVERAGE NUMBER
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||||||||||||
OF SHARES OUTSTANDING
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3,500,000 | 3,500,000 |
Deficit
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||||||||||||||||||||
Accumulated
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||||||||||||||||||||
Additional
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During
the
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|||||||||||||||||||
Common
Stock
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Paid-in
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Development
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Shares
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Amount
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Capital
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Stage
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Total
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||||||||||||||||
Balance
on April 11, 2007
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- | $ | - | $ | - | $ | - | $ | - | |||||||||||
Common
stock issued for
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||||||||||||||||||||
cash
at $0.004 per share
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2,000,000 | 2,000 | 3,000 | - | 5,000 | |||||||||||||||
Common
stock issued for
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||||||||||||||||||||
cash
at $0.05per share
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1,500,000 | 1,500 | 73,500 | - | 75,000 | |||||||||||||||
Net
loss for the year ended
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December
31, 2007
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- | - | - | (60,185 | ) | (60,185 | ) | |||||||||||||
Balance,
December 31, 2007
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3,500,000 | 3,500 | 76,500 | (60,185 | ) | 19,815 | ||||||||||||||
Net
loss for the year ended
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December
31, 2008
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- | - | - | (17,928 | ) | (17,928 | ) | |||||||||||||
Balance,
December 31, 2008
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3,500,000 | 3,500 | 76,500 | (78,113 | ) | 1,887 | ||||||||||||||
Net
loss for the three months
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||||||||||||||||||||
ended
March 31, 2009 (unaudited)
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- | - | - | (3,940 | ) | (3,940 | ) | |||||||||||||
Balance,
March 31, 2009 (unaudited)
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3,500,000 | $ | 3,500 | $ | 76,500 | $ | (82,053 | ) | $ | (2,053 | ) |
From
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Inception
on
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||||||||||||
April
11, 2007
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For
the Three Months Ended
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Through
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March
31,
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March
31,
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|||||||||||
2009
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2008
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2009
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OPERATING
ACTIVITIES
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Net
loss
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$ | (3,940 | ) | $ | (7,065 | ) | $ | (82,053 | ) | |||
Adjustments
to reconcile net loss to net cash used by operating
activities:
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Common
stock issued for services
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- | - | - | |||||||||
Changes
in operating assets and liabilities:
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||||||||||||
Increase
(decrease) in accounts payable
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718 | (56,750 | ) | 1,718 | ||||||||
Net
Cash Used in Operating Activities
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(3,222 | ) | (63,815 | ) | (80,335 | ) | ||||||
INVESTING
ACTIVITIES
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- | - | - | |||||||||
FINANCING
ACTIVITIES
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||||||||||||
Proceeds
from common stock issued
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- | - | 80,000 | |||||||||
Increase
in advances from related parties
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2,995 | (400 | ) | 2,995 | ||||||||
Net
Cash Provided by Financing Activities
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2,995 | (400 | ) | 82,995 | ||||||||
NET
DECREASE IN CASH
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(227 | ) | (64,215 | ) | 2,660 | |||||||
CASH
AT BEGINNING OF PERIOD
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2,887 | 76,965 | - | |||||||||
CASH
AT END OF PERIOD
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$ | 2,660 | $ | 12,750 | $ | 2,660 | ||||||
SUPPLEMENTAL
CASH FLOW INFORMATION:
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CASH
PAID FOR:
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||||||||||||
Interest
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$ | - | $ | - | $ | - | ||||||
Income
taxes
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$ | - | $ | - | $ | - |
a.
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Organization
& Business Activities
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b.
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Depreciation
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c.
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Accounting
Method
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d.
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Cash
& Cash Equivalents
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e.
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Estimates
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f.
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Revenue
Recognition
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g.
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Organization
Costs
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h.
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Advertising
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i.
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Concentrations
of Risk
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j.
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Basic
Loss Per Share
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For
the Quarter
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||||
Ended
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||||
March 31, 2009
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Loss
(Numerator)
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$ | (3,940 | ) | |
3,500,000 | ||||
Per
share amount
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$ | (0.01 | ) |
k.
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Income
Taxes
|
March 31, 2009
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March 31, 2008
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Deferred
tax assets
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||||||||
NOL
Carryover
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$ | 32,001 | $ | 26,228 | ||||
Deferred
tax liabilities
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-0- | -0- | ||||||
(32,001 | ) | (26,228 | ) | |||||
Net
deferred tax assets
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$ | -0- | $ | -0- |
No.
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Description
of Exhibit
|
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31.1
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Certification
of Principal Executive Officer/Principal Financial Officer 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 Pursuant to
Section 906 of the Sarbanes-Oxley Act 0f
2002
|
Marvin’s
Place, Inc.
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||
Date: May
15, 2009
|
By:
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/s/ Georgette Mathers
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Georgette
Mathers
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Chief
Executive Officer
|
Title(s)
|
Date
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/s/ Georgette Mathers
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Chief
Executive Officer and Director
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May
15, 2009
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Georgette
Mathers
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(Principal
Executive Officer)
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/s/ Georgette Mathers
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Chief
Financial Officer and Director
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May
15, 2009
|
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(Principal
Financial and Accounting Officer)
|