Jupiter Enterprises, Inc.(fka JPTR)

[UgotStocks]

Current Activities

As of March 31, 2007, the Company was not actively engaged in any business activities. During the early part of fiscal year ending March 31, 2006, the Company had begun to pursue a new business venture related to the rapidly expanding domestic Chinese automobile manufacturing industry, including the domestic sales market, export market, automobile parts manufacturing for both domestic and export sales and automotive franchise repair and service opportunities. The Company was seeking undervalued industrial enterprises where it could contribute management expertise and/or capital to extract locked-in value and increase shareholder equity. During that period, the Company was given the rights to negotiate for the Chinese government-owned motor vehicle industry in the European Union. Through a contractual relationship, Jupiter

Enterprises, Inc. was to be the exclusive representative of China National Automotive Industry Consultant and Developing Corporation, serving as its agent to the European Union for mergers and acquisitions of automotive technologies and manufacturing. The China National Automotive Industry Consultant and Developing Corporation is a Chinese bureau of commerce that represents state-owned automotive manufacturing enterprises including car, bus, and truck manufacturers.

During that same period, the Company also announced a joint venture with Ningbo Shenjiang Industry. Ningbo Shenjiang Industry had obtained a Certificate from the China Construction Bank Co. stating that it has "AAA class" credit. The Certificate also states that Ningbo Shenjiang Industry has 600 million RMB (approximately USD$72.5 million) available for acquisitions. Ningbo Shenjiang Industry is part of the Chinese motor vehicle industry, manufacturing autos, buses and motorcycles with an output of 100,000 units annually. The Company negotiated for the purchase of several automotive assets in order to provide Ningbo Shenjiang Industry with the appropriate technology to enter the U.S. and European automotive markets from China. However, such efforts were not successful, and the efforts ceased.

During the quarter ended June 30, 2005, the Company recently entered into an exclusive licensing agreement to distribute Fleet Management and GPS software in China. The software was developed in the United States and was then being used in the armored car industry. Applications include any multiple vehicle users. The Company was attempting to sell to the budding rental car market in China and the massive taxi fleet industry of China. Beijing alone boasts over 50,000 taxis in daily use, managed by four companies. In December, 2005, the Company determined that marketing efforts for the software license were unsuccessful. Accordingly, an impairment loss of $10,000 was recorded.

From-- FORM 10-KSB

For the fiscal year ended March 31, 2007

Can't say there not trying and looking for opportunities