Ideal Financial Solutions, Inc.(fka IFSL)

[wallymac]

In the first quarter of 2010, a single lead provider accounted for over 90% of our revenue. Following the end of the first quarter of 2010, as a result of a high volume of chargebacks on credit card transactions, we determined that a high percentage of the leads provided by this lead provider contained poor data or were improper and immediately terminated the relationship. Our revenues for the quarter ended June 30, 2010 were not significantly harmed by this termination; however, we may experience a decline in revenue for the remainder of 2010 as we establish relationships with additional lead providers.