AMERICA S MINORITY HEALTH NETWORK, INC. INDEX TO FINANCIAL STATEMENTS Financial Statements: Report of Independent Registered Public Accounting Firm Balance Sheet as of

AMERICA S MINORITY HEALTH NETWORK, INC.

INDEX TO FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm

America s Minority Health Network, Inc.

We have reviewed the accompanying balance sheet of America s Minority Health Network, Inc. (the Company ) as of June 30, 2009, and

the related statements of operations and changes in stockholders equity and cash flows for the period April 2, 2009 (inception) through June 30, 2009. These interim financial statements are the responsibility of the Company s

We conducted the reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of

interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the

standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity

with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a

going concern. As discussed in Note 1 to the financial statements, the Company has sustained operating losses and capital deficits that raise substantial doubt about its ability to continue as a going concern. Management s plans in regard to

these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

AMERICA S MINORITY HEALTH NETWORK, INC.

The accompanying notes are an integral part of these financial statements

AMERICA S MINORITY HEALTH NETWORK, INC.

STATEMENT OF OPERATIONS

PERIOD APRIL 2, 2009 (INCEPTION) THROUGH JUNE 30, 2009

The accompanying notes are an integral part of these financial statements

AMERICA S MINORITY HEALTH NETWORK, INC.

STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY

FOR THE PERIOD APRIL 2, 2009 (INCEPTION) THROUGH JUNE 30, 2009

The accompanying notes are an integral part of these financial statements.

AMERICA S MINORITY HEALTH NETWORK, INC.

STATEMENT OF CASH FLOWS

PERIOD APRIL 2, 2009 (INCEPTION) THROUGH JUNE 30, 2009

The accompanying notes are an integral part of these financial statements

AMERICA S MINORITY HEALTH NETWORK, INC.

NOTES TO FINANCIAL STATEMENTS

30, 2009 (UNAUDITED)

April 2, 2009, America s Minority Health Network, Inc. (the Company ) was incorporated in the State of Delaware.

Company has discovered a deep-seeded need on three fronts concerning an under represented minority group. African-Americans, due to socioeconomic and sociopolitical issues, suffer from exceptionally high mortality and morbidity rates. Lack of proper

healthcare education has been cited as one the factors that leads to higher health risks for the African-American community. The Company will provide a digital platform to increase African-American health education awareness, while also providing

relevant advertising that can increase the longevity and wellbeing of both African-American men and women. African-American doctors are constantly searching for ways to improve the aesthetic quality of their offices and better inform their patients.

As well, advertisers are searching for ad space to communicate African-American specific products. The Company has created a viable solution to address these three pressing demands.

The Company currently provides direct-to-consumer television programming in African-American medical offices across the United States, with a rollout plan

for 1,000 locations. Each month updated healthcare segments and advertising are digitally delivered in high definition directly to waiting rooms filled with a well-defined African-American target audience. Medical office waiting rooms guarantee a

captive audience, providing over a 1,000 patients per month per location, where viewers are pre-disposed to watch and listen to the pertinent information at hand. The Company offers an innovative African-American education tool for doctors to

utilize in promoting the health and welfare of the African-American community. Programming is designed to be viewed in the doctor s reception area and encourages minority patients to seek further information on the programming and advertising

from their healthcare provider. The Company s engaging programming creates awareness about preventative health care measures while educating African-Americans on specific minority related issues and illnesses. All topics are selected by the

Company s medical advisory board and scripts are reviewed to ensure accuracy. The scripts are then passed down to the Company s content producer and shareholder, Saddle Ranch Productions, Inc., for content and programming creation.

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated revenues

since inception and has generated losses totaling $531,970 in their initial period, and needs to raise additional funds to carry out their business plan. The continuation of the Company as a going concern is dependent upon the continued financial

support from its shareholders, and the ability of the Company to obtain necessary equity financing to continue operations.

AMERICA S MINORITY HEALTH NETWORK, INC.

NOTES TO FINANCIAL STATEMENTS

30, 2009 (UNAUDITED)

Going Concern (Continued)

The Company has had very little operating history to date, however is not currently in the

development stage. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a

going concern. These factors raise substantial doubt regarding the ability of the Company to continue as a going concern.

generating revenues from proposed operations, the Company may need to raise additional capital to expand operations to the point at which the Company can achieve profitability. The terms of financing that may be raised may not be on terms acceptable

by the Company. If adequate funds cannot be raised outside of the Company, the Company s current shareholders may need to contribute funds to sustain operations.

The preparation of financial statements in conformity with accounting principles generally accepted

in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the

reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

The Company considers all highly liquid debt instruments and other short-term investments with maturity of three

months or less, when purchased, to be cash equivalents.

The Company maintains cash and cash equivalent balances at one financial

institution that is insured by the Federal Deposit Insurance Corporation.

The Company prepays for equipment and installation of sites, and as the sites are installed and commissioned the cost of the sites is moved from the

prepaid asset into fixed assets at a useful life of 3 years, and stated at cost, less accumulated depreciation. Depreciation commences on the first day of the month following the installation of the sites and is calculated using the straight-line

method over the estimated useful lives of the related assets. Costs of maintenance and repairs will be charged to expense as incurred. The Company went live on 15 sites in May 2009 and an additional 24 sites in June 2009. Depreciation of $1,458 was

calculated for the period April 2, 2009 (Inception) through June 30, 2009.

AMERICA S MINORITY HEALTH NETWORK, INC.

NOTES TO FINANCIAL STATEMENTS

30, 2009 (UNAUDITED)

Recoverability of Long-Lived Assets

Although the Company does not have any long-lived assets at this point, for any long-lived assets acquired in the future the Company will review their

recoverability on a periodic basis whenever events and changes in circumstances have occurred which may indicate a possible impairment. The assessment for potential impairment will be based primarily on the Company s ability to recover the

carrying value of its long-lived assets from expected future cash flows from its operations on an undiscounted basis. If such assets are determined to be impaired, the impairment recognized is the amount by which the carrying value of the assets

exceeds the fair value of the assets. Fixed assets to be disposed of by sale will be carried at the lower of the then current carrying value or fair value less estimated costs to sell.

Fair Value of Financial Instruments

The carrying amount reported in the balance sheet for cash and cash equivalents, accounts payable, and accrued expenses approximate fair value because of the immediate or short-term maturity of these financial instruments. The Company does

not utilize derivative instruments.

The segment library is reflected as intangible assets on the accompanying Balance Sheet with a useful life of 5 years. These costs represent the

production costs relating to producing the segments that will be presented in the professional offices. Production costs of the segments that have not been placed into service are reflected as prepaid production costs. Upon the segments being placed

into service, the Company transfers these costs to the segment library. Management has determined the life of the segment library to be 5 years. Of the $350,000 in costs incurred by the Company, $210,000 represent costs for segments not placed in

service and $140,000 for segments placed into service. The Company amortizes the segments commencing on the first day of the month following the segments placed into service. Amortization expense for the period April 2, 2009 (Inception) through

June 30, 2009 is $2,333.

The Company accounts for income taxes utilizing the liability method of accounting. Under the liability method, deferred taxes are determined based on differences between financial statement and tax bases of assets

and liabilities at enacted tax rates in effect in years in which differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are expected to be realized.

Company will generate revenue from the sale of advertising spots on its network. The revenue will be recognized in the month in which the spots run.

AMERICA S MINORITY HEALTH NETWORK, INC.

NOTES TO FINANCIAL STATEMENTS

30, 2009 (UNAUDITED)

Loss Per Share of Common Stock

Basic net loss per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share (EPS) include

additional dilution from common stock equivalents, such as stock issuable pursuant to the exercise of stock options and warrants. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a

loss because to do so would be anti-dilutive. The following is a reconciliation of the computation for basic and diluted EPS.

Uncertainty in Income Taxes

In July 2006, the FASB issued Interpretation No. 48 (FIN No. 48), Accounting for Uncertainty in Income Taxes. This interpretation

requires recognition and measurement of uncertain income tax positions using a more-likely-than-not approach. FIN No. 48 is effective for fiscal years beginning after December 15, 2006. Management has adopted FIN 48, and they