Industry Source Consulting Inc (INSO)

[ack0605]

Vega YE2010 Financials
Source: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=46301

Zero Cash
Only Asset is a $500k On-line Poker Software License
Liabilities $119,640 (Notes Payable)

Zero Revenue
General and administrative expenses YTD $134,940

FY 2010 Cash flows from operating activities:
Net loss $ (134,940)
Adjustments to reconcile net loss to net cash used
by operating activities:
Accounts payable and accrued expenses $5,740
Stock issued to repay notes payable $10,500
Common stock issued for services $129,200

From Inception to December 31, 2010
Stock issued to acquire license $500,000 (only asset on the books)
Stock issued to repay notes payable $272,100
Common stock issued for services $2,041,621

$2M received from sale of Stock and nothing to show for it, no assets, plants, equipment - NOTHING!

For the ENTIRE YEAR of 2010, all the stock sold by Vega went to pay General and administrative expenses. In other words, Molen and friends pocket!

11/02/2009 2:38PM Vega Accepting Bids for Construction of Georgia Manufacturing Plant

12/08/2009 - Vega Issues Q4 Update to Shareholders
South Georgia Manufacturing Plant:
"We have applied for a grant from the State of Georgia under the federal State Energy Program to help fund the construction of the manufacturing plant."

03/25/2010 8:30AM Vega's Georgia Manufacturing Plant to Produce Bio-Coal for European Power Companies