UNITED ~~STATES~~ ~~SECURITIES AND EXCHANGE COMMISSION~~STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

x ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES

	[X]	ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

		For the fiscal year ended December 31, 2009

	[ ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

		For the transition period from _________ to ________

		Commission file number: 000-52703

EXCHANGE ACT OF 1934

Genova Biotherapeutics, Inc.
(Exact name of registrant as specified in its charter)
Nevada	20-4939361
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1461 A. First Avenue, Suite 360 New York, NY	10021
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number: (646) 845-1920

Securities registered under Section 12(b) of the Exchange Act:

Title of each class	Name of each exchange on which registered
none	not applicable

Securities registered under Section 12(g) of the Exchange Act:

Title of class
none

~~For~~ Indicate by check mark if the ~~fiscal~~registrant ~~year~~is ~~ended~~a ~~December~~well-known 31seasoned issuer, ~~2008~~as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

~~Commission File~~Indicate ~~Number~~by ~~000-52703~~check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X ]

~~Kinder Travel~~Indicate by checkmark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ~~Inc~~and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (~~Exact name~~§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant aswas ~~specified~~required into ~~its~~submit ~~charter~~and post such files). Yes [ ] No [ X]

Nevada	20-4939361
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

~~20385 64th Avenue~~Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

~~Langley, British~~Large ~~Columbia~~accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (~~Address~~as ofdefined ~~principal executive~~in ~~offices~~Rule ~~including~~12b-2 ~~zip~~of ~~code~~the Exchange Act) . Yes [ ] No [X]

~~(604) 514~~State the aggregate market value of the voting and non-~~1962~~voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. n/a

~~(Registrant~~Indicate the number of shares outstanding of each of the registrant’s ~~telephone~~classes ~~number~~of common stock, ~~including~~ ~~area~~as ~~code)~~ of the latest practicable date: 307,296,125 as of September 21, 2010.

CSC Services of Nevada, Inc., 502 E. John Street, Carson City, NV 89706

(Name and address of agent for service)

(775) 882-3072

(Telephone Number, including area code, of agent for service)

with a copy to:

Carrillo Huettel, LLP

501 W. Broadway, Suite 800

San Diego, CA 92101

Telephone (619) 399-3090

Telecopier (619) 330-1888

Securities registered under Section 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act: Common Stock, $0.001 Par Value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

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1TABLE OF CONTENTS

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

		Page
PART I
Item 1.	Business	3
Item 1A.	Risk Factors	4
Item 2.	Properties	4
Item 3.	Legal Proceedings	4
PART II
Item 5.	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities	4
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
Item 8.	Financial Statements and Supplementary Data	9
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure	10
Item 9A(T).	Controls and Procedures	10
Item 9B.	Other Information	12
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	12
Item 11.	Executive Compensation	14
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	16
Item 13.	Certain Relationships and Related Transactions, and Director Independence	17
Item 14.	Principal Accountant Fees and Services	17
PART IV
Item 15.	Exhibits, Financial Statements Schedules	18

Indicate by check mark if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K contained in this form, and no disclosure will be contained, to the best of registrant’s knowledge, in definitive proxy information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer o Accelerated Filer o

Non-Accelerated Filer o Smaller Reporting Company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes o No x

As of March 23, 2009, there were 2,400,000 shares of the registrant’s Common Stock outstanding.

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Kinder Travel, Inc.

Report on Form 10-K

PART I.		Page
Item 1.	Description of Business	5
Item 1A.	Risk Factors
Item 2.	Description of Property	15
Item 3.	Legal Proceedings	15
Item 4.	Submission of Matters to a Vote of Security Holders	15
PART II.
Item 5.	Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	16
Item 6.	Selected Financial Data	17
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	19
Item 8.	Financial Statements	20
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure	32
Item 9A(T)	Controls and Procedures	32
Item 9B.	Other Information	33
PART III.
Item 10.	Directors, Executive Officers and Corporate Governance	34
Item 11.	Executive Compensation	36
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	38
Item 13.	Certain Relationships and Related Transactions	38
Item 14.	Principal Accountant Fees and Services	38
Item 15.	Exhibits	39

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PART I

Item 1. Business

We are currently a development stage company focused on identifying, evaluating and acquiring proprietary drugs for the treatment of oncological and infectious diseases in human beings. Currently, we hold the rights to pending patent applications for three medicines. Patent applications for each of the three drugs are pending in Denmark and the United Kingdom:

Prostate cancer treatment This invention relates to the use of short polypeptides for treatment of cancers and more particular for the treatment of prostate cancer. The invention provides methods and compositions comprising short polypeptides such as prostaganin for use as agents to kill prostate cancer cells.

Breast cancer treatment This invention aims to provide an effective treatment for patients suffering from cancer and more preferably from breast cancer using new lipid derivatives such as tetanolic acid.

Breast cancer treatment This invention concerns methods for the purification of undifferentiated state tumoral stem cells from solid breast carcinomas that are normally resistant to conventional therapies, aiming at devising new tumour markers and therapeutic targets both for early diagnosis and for targeted therapeutic strategies.

Our goal is to further develop these proprietary new treatments through joint ventures, strategic partnerships, licensing agreements, and similar arrangements. Currently, we are not a party to any ongoing joint ventures, strategic partnerships, or similar arrangements for the development of our patent-pending new medicines. We currently have no ability to move forward with any in-house research or development and no employees other than our Chief Executive Officer and Director, Aaron Whiteman, and our Secretary and Director, Dirk Holzhauer. We would require substantial additional financing in order to further develop our intellectual property or to sustain any substantial future business operations for any significant period of time. Although we are pursuing additional debt and/or private equity financing, we currently have no firm arrangements for any financing.

At this time, our operations consist of acting as a holding company for the rights to the patent applications discussed above.

Employees

Other than our named executive officers, we have no employees.

Research and Development Expenditures

We have not incurred any research or development expenditures since our incorporation.

FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following:

· The availability and adequacy of our cash flow to meet our requirements;

· Economic, competitive, demographic, business and other conditions in our local and regional markets;

· Changes or developments in laws, regulations or taxes in our industry;

· Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities;

· Competition in our industry;

· The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business;

· Changes in our business strategy, capital improvements or development plans;

· The availability of additional capital to support capital improvements and development; and

· Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC.

You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Subsidiaries

We have neither formed, nor purchased any subsidiaries since our incorporation.

Patents and Trademarks

As discussed above, we hold the rights to pending patent applications for three medicines. Patent applications for each of the three drugs as detailed above are pending in Denmark and the United Kingdom.

Government Regulation and Supervision

We are not currently subject to direct federal, state or local regulation other than regulations applicable to businesses generally. Management is unaware of any existing or probable governmental regulations which would materially affect our business as currently operated.

Item 1A. Risk Factors

A smaller reporting company is not required to provide the information required by this Item.

Item 2. Properties

We do not currently own any real property.

Item 3. Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us. Concurrently a trading halt in September of 2009, the SEC opened a formal investigation regarding the company. We received a subpoena from the New York Regional Office of the SEC dated September 22, 2009. Through counsel, we have provided certain documentation to the SEC. Although, to our knowledge, no enforcement action has been commenced against the company, the SEC’s investigation may remain open and pending.

PART II

Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Our common stock was formerly quoted on the OTC Bulletin Board (“OTCBB”), which is sponsored by FINRA, under the symbol “GVBP.” On September 29, 2009, the Financial Industry Regulatory Authority (“FINRA”) removed our stock from quotation from the Over-the-Counter-Bulletin Board (the “OTCBB”) for failure to comply with Rule 15c211. Promulgated under the Securities Exchange Act of 1934, Rule 15c211 requires securities brokers and dealers to possess certain information regarding an issuer and its securities before publishing any quotation for a security in any quotation medium, including the OTCBB. Our removal from the OTCBB was therefore a result of FINRA’s determination that the information required by the Rule was not being made properly available to its brokers and dealers.

ITEM 1. DESCRIPTION OF BUSINESS.

Overview

Kinder Travel, Inc. is a travel agency offering a full range of travel services including corporate travel, vacations, cruise holidays, and group tours. However its primary focus is selling, marketing and providing travel services and tours to families, businesses and ministries. Kinder Travel, located in Surrey, British Columbia, Canada, commenced operations in January 2005 and expects to move rapidly towards growth and profitability due to its very unique character as a family vacation specialist and special interest tour operator.

Our primary goal is to provide travel that promotes family values, at present through our store and in the future via our website. Our website consists of an on-line booking engine geared to providing Christian families with travel options that promote unity. A full-scale version of our web-site was launched in October 2006. We spent approximately $20,000 to complete the design and launch of our website, and funded these expenses from our cash on hand.

The technology, infrastructure and operations of Kinder Travel provide consumers with a groundbreaking approach to online travel in a “family” environment aimed at providing affordable opportunities for memories that last a lifetime.

The objective for Kinder Travel is to promote family travel. We believe that traveling plays a vital role in the education of children and adults alike, while playing a pivotal role in “building childhood memories” and reaffirming or creating bonds between the traveling family members. Kinder Travel offers a range of travel and tour products that are suited and composed specifically for Christian families.

Kinder Travel aspires to become a leader in offering and operating a wide range of family oriented travel and tour products. The vast majority of travel agents do not address the very unique challenges a family faces when making their travel plans. From finding the right destination to the affordability of their family vacation, there are many considerations to contemplate before booking.

As part of our effort to provide consumers with a more personalized experience, the Company has secured the domain www.myenvoytravel.com, which will function as our principal website, to tailor to the specific travel preferences of each consumer. Consumers visiting us online at www.kindertravel.com will be redirected to our online home page at www.myenvoytravel.com. The Company launched its internet site in October 2006. It is now fully operational.

In fact, the Company is currently conducting business under the trade name “Envoy Travel” rather than Kinder Travel. The Company has decided to transact business under the name “Envoy Travel” primarily for marketing purposes as the word “kinder” means “child” in German and is too restrictive to promote the type of travel which is offered by the Company.

Kinder Travel is a boutique travel agency with a wide range of travel services available to their existing, well-established, client base. However by targeting a unique market segment that has been largely ignored, the family, the Company is well positioned for moderate growth and profitability.

Strategically placed advertising with family oriented newspapers and radio stations may generate the name recognition and the interest necessary for consumers to contact “the family travel specialists” either on the web or by email or phone.

We are not a “blank check company,” as we do not intend to participate in a reverse acquisition or merger transaction. A “blank check company” is defined by securities laws as a development stage company that has no specific business plan or purpose or has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person.

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Currently, bid and ask quotations for our common stock are not quoted on any exchange or quotation system, including the OTCBB or the Pink Sheets. Our common stock is a “grey market” security. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Because grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot and market transparency is diminished. In addition, Pink OTC Markets Inc., the primary inter-dealer electronic quotation and trading system in the over-the-counter securities market, has labelled our stock “Caveat Emptor” and has blocked quotations of our common stock from its www.otcmarkets.com website.

The following table sets forth the range of high and low bid quotations for our common stock for each of the periods indicated. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

Fiscal Year Ending December 31, 2008
Quarter Ended	High $	Low $
March 31, 2008	0.004	0.004
June 30, 2008	0.004	0.004
September 30, 2008	0.004	0.004
December 31, 2008	0.004	0.0024

Fiscal Year Ending December 31, 2009
Quarter Ended	High $	Low $
March 31, 2009	0.0024	0.0024
June 30, 2009	0.0024	0.0024
September 30, 2009	1.18	0.0024
December 31, 2009	0.18	0.0042

As of September 21, 2010, the last sales price for our common stock was $0.005 per share.

Penny Stock

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a market price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; (b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the securities laws; (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; (d) contains a toll-free telephone number for inquiries on disciplinary actions; (e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and (f) contains such other information and is in such form, including language, type size and format, as the SEC shall require by rule or regulation.

Our offices are located at 20385 64th Avenue Langley, B.C. Canada V2Y 1N5.

Our Corporate History

In December 2005, Kinder Travel, Inc. (the “Company”, “we”, “our”, “us “, “Kinder Travel”, the “Registrant”, and like references) was formed as a Nevada corporation. Initial operations commenced under the name Kinder Travel & Tours (“KTT”), a sole proprietorship operating out of Surrey, British Columbia, in January 2005. In November 2005, KTT incorporated under the laws of the Province of British Columbia as Kinder Travel, Inc. (“KTBC”). Pursuant to the terms of an Asset Purchase Agreement (“Asset Purchase Agreement”) executed by and between the Company and KTBC, the Company acquired all assets and liabilities of KTBC in exchange for a convertible note for USD$20,000 (the “Note”). The Note was then distributed to KTBC’s only shareholder, Dirk Holzhauer, who subsequently converted the Note into 400,000 shares of common stock. The Asset Purchase Agreement closed on January 1, 2006 (the “Closing Date”).

Business Description

Family Focused Travel

Kinder Travel has identified that Christian family travel is not represented and marketed with any special consideration or focus. Kinder Travel offers existing travel and tour products that are family-oriented as well as offering our own specially designed vacations for Christian families.

The following is a representative sample of the kind of travel packages currently available to families, and those that we expect to offer sometime in the future:

Europe Tours by Coach (future product offering)

The Company will focus on the family tour bus concept utilizing two level buses where parents and children can travel in the company of other parents and children. Child-care and related activities will be offered on the lower level. Parents can enjoy the en-route narrative, bible study or focus groups undisturbed on the upper level. City walks or museum visits can be as one group or split up among the ages.

Family Vacations (future product offering)

Transat A.T. Inc. (“Transat”) Holidays, the leading package vacation operator for Western Canada, is offering many, family oriented and specially priced all inclusive resorts in the charter market. Kinder Travel anticipates that it will soon be featuring these products by Transat Holidays and aims to become Western Canada’s largest seller of Transat Holidays for families. With Kinder Travel the customer gets more information about resorts and the added benefits and perks that will be unique to booking with Kinder Travel.

Family Life Cruises (presently available)

Learn and share, worship and praise while traveling along the Mexican Riviera. Programs include Marriage Building and Parenting presented by powerful speaking couples. Vacation Bible School and faith based daycare are provided onboard. This product is offered in participation with FamilyLife Canada online at www.familylifecruise.com.

Worldwide Religious Travel Packages (presently available)

We specialize in Globus Vacation packages, which may be viewed online at www.globusjourneys.com/faith. Globus is the world leader in escorted travel and the first choice among individuals looking for group travel year after year. With more than 75 years experience offering top quality vacations and eight travel styles, each year the Globus family of brands provides tens of thousands of people an enjoyable travel experience. Recognized for its worldwide excellence, Globus is annually selected as one of the top escorted travel companies by travel agents and Recommend Magazine.

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The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) a monthly account statement showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement as to transactions involving penny stocks, and a signed and dated copy of a written suitability statement.

These disclosure requirements may have the effect of reducing the trading activity for our common stock. Therefore, stockholders may have difficulty selling our securities.

Outstanding Options, Warrants or Convertible Debt

As of December 31, 2009, we did not have any outstanding options, warrants or convertible debt.

Holders of Our Common Stock

As of September 21 2010, we had 4 shareholders of record, as well as holders with shares held in street name.

Dividends

There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where after giving effect to the distribution of the dividend:

1.	we would not be able to pay our debts as they become due in the usual course of business, or;

2.	our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

We did not declare any dividends in the fiscal year ended December 31, 2009, and we do not plan to declare any dividends in the foreseeable future.

Securities Authorized for Issuance under Equity Compensation Plans

As of December 31, 2009, we did not have any equity compensation plans.

Farm Stays in Germany, Austria and Switzerland (future product offering)

Some European farms have converted part of their housing into budget to moderate hotel style accommodations. Families will stay on the farm and will witness the operations first hand. Children will have the opportunity to learn and understand the importance of farming and will have direct contact with live farm animals.

Missionary Travel (presently available)

Kinder Travel offers missions to Mexico and other destinations in conjunction with local churches and organizations.

Devotional Tours (presently available)

There are spiritual journeys to the Holy Land of Israel and Pilgrimages to sites in Europe, like Lourdes or Camino de Santiago.

Family Adventure Travel (future product offering)

The Company will promote high-end family safaris in cooperation with Abercrombie & Kent, Butterfield & Robinson and Wildland Safaris.

Additional Products and Services

Our Christian focused, family oriented travel and tour products are complemented by the following array of products and services:

www.myenvoytravel.com

Our web-based program allows consumers to book travel from the convenience of their own home, or from wherever may be convenient for them. The same travel options offered in our store are available through our website.

We anticipate that our web-based program will open the door for families, ministries and others to more easily book vacations, thus promoting Christian based family travel.

Website Advertising

Website advertising will consist of banner ads from major vendors on the www.myenvoytravel.com website and customized ad placement for our home-based travel agents when consumers simply enter their postal code. This opportunity will allow our home based travel agents the ability to increase their revenue with advertising space that is included in their monthly fee.

Active Web Presence

The website www.myenvoytravel.com operates as a user-friendly booking engine and can be used as a research and booking tool for families planning their vacations as well as businesses and ministries.

Kinder Foundation

Kinder Travel plans to establish a charitable foundation to fund Christian faith-based initiatives in Canada and the United States and to sponsor travel opportunities for families in need. We plan to launch the Kinder Foundation once we reach a sustainable profit level. At that time, we will contribute 10% of our profits to fund such initiatives. As the Kinder Foundation is a work in progress, the types of Christian faith based initiatives that we plan to fund have not been determined.

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Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.

Significant Equipment

We do not intend to purchase any significant equipment for the next twelve months.

Results of Operations for the years ended December 31, 2009 and December 31, 2008 and Period from July 1, 2009 (Date of Inception of Current Operations) until December 31 2009.

We generated no revenue during the years months ended December 31, 2009 and December 31, 2008. In addition, we generated no revenue during the period from reentering development stage (July 1, 2009) through December 31, 2009.

Our expenses were $51,888 for the year ending December 31, 2009. During the year ended December 31, 2009, we experienced income from discontinued operations of $12,687 and we experienced other income in the amount of $2,168 due to foreign currency translation adjustments. Our comprehensive net loss for the year ended December 31, 2009 was therefore $37,033. By comparison, our expenses for year ended December 31, 2008 were $12,492, together with a loss from discontinued operations of $30,000 and a negative foreign currency translation adjustment of $4,552. Our comprehensive loss for the year ended December 31, 2008 was therefore $47,044.

We recorded a comprehensive loss of $33,025 for the period from reentering development stage (July 1, 2009) to December 31, 2009.

Industry Background

The Travel Industry

Purchasing travel can be a complicated process involving a variety of destinations, dates and price limitations and the purchase of several products from different suppliers, including air, lodging and car rental providers. To facilitate the exchange of travel information, travelers and suppliers have traditionally relied on travel agents as intermediaries. Travel agents typically perform the task of research, fact-finding and price comparison on behalf of consumers. However, traditional travel agents may not always present optimal choices for consumers and are generally not available 24 hours a day seven days a week.

Travel agents depend on computer reservation systems, referred to as electronic global distribution systems, or GDS, to access flight and other travel product availability and pricing, and to book air and other travel products. GDS may not be able to provide all the information and options that are available in the marketplace due to technical limitations of their legacy mainframe computer systems and their inherent computational limitations. As such, travel agents may not be able to provide consumers with the broadest array of available travel options. Travel agents who use GDS can also increase the overall distribution cost to both consumers and suppliers. For consumers, particularly business travelers, travel agencies typically charge a fee. Traditional consumer leisure travel fees are up to $25 and corporate travel fees generally range from $25 to $50 per transaction. The GDS fees that are charged to suppliers as part of a typical travel agency booking also represent a substantial distribution expense for suppliers. A portion of these fees is typically shared with travel agents each time a booking is made using their systems.

The Online Travel Industry

The Internet empowers consumers and business travelers with a convenient and efficient way to compare and book travel options. In addition, delivery and confirmation of the travel product purchased can be made almost instantaneously through an e-mail sent to the consumer. The Internet also permits suppliers to employ targeted marketing strategies in order to optimize bookings and revenues. While online travel has been widely accepted by consumers, online travel as a percentage of total travel sales is still relatively low. Although online travel sales have been growing rapidly, we believe that a significant opportunity exists to further increase the number of consumers who purchase travel on the Internet and on www.myenvoytravel.com by using consumer and supplier-focused technologies and processes to improve the way travel is purchased and sold.

Competitive Advantage

The following attributes will give our Company a competitive advantage over other participants in the travel industry:

Target Audience

Our target audience is every consumer interested in travel, with an emphasis on those of the Christian Faith and families seeking to create those “once in a lifetime” memories. If you are an Internet booker and/or a vacation shopper, even a business client, you will receive the most comprehensive and cost effective travel options focused on promoting family unity. The support that we receive from our suppliers and the commission-based incentives that we offer to home based agents in our Kinder Vacations Network will assist in the growth of our Company.

Value for Consumers and Travel Suppliers

We will do business with a large number of suppliers, enabling us to negotiate competitive pricing allowing us to give consumers better products and greater returns on money spent.

Family Oriented Travel Chart

Our technology is set-up to provide consumers with various Christian based and family oriented travel options that suit their interests in one, easy to see chart, allowing the consumer to choose the most desirable option.

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Liquidity and Capital Resources

As of December 31, 2009, we had total current assets of $8,202 consisting of entirely of cash. We had current liabilities in the amount of $35,208 as of December 31, 2009. Thus, we had a working capital deficit of $27,006 as of December 31, 2009.

Currently, we have insufficient cash to operate our business on an ongoing basis and we have no resources with which to move forward with development of our patent-pending cancer treatments. Our ability to continue operating and to make progress toward our business goals is contingent upon obtaining additional financing. We do not have any commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.

Going Concern

We have recurring losses and an accumulated deficit since inception of $161,638 and $28,272 during reentering development stage (July 1, 2009) through December 31, 2009. Our financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, we have no current source of revenue. Without realization of additional capital, it would be unlikely for us to continue as a going concern.

Off Balance Sheet Arrangements

As of December 31, 2009, there were no off balance sheet arrangements.

Self-Marketing

We still believe that the best advertising is word of mouth. However, for us to effectively compete with the larger in-store and web based travel companies, we will also focus on more traditional forms of advertising, along with our commercial spots and Travel Video.

User friendly, innovative approach to travel

In order to keep consumers happy, you have to be able to service their needs. We take great pride in always being just a phone call away. That is the reason that some have come to refer to us as the “Christian Travel Company.”

Technology Services

Booking Engine Services

We have distribution and marketing agreements with numerous airlines, lodging companies, rental car companies and other travel suppliers. These agreements enable us to offer our consumers what we believe to be the most comprehensive selection of low fares generally available to the public and a wide array of competitive rates on other travel products.

Technology and Operations

We believe that the design and quality of our technology positions the Company for success, and distinguishes our website and product offerings from those of our competitors. Our goal has been to build an innovative travel management tool for consumers and to build systems that will move traffic and transactions through a low-cost channel. We believe that our system will continue to support rapid growth and differentiate us from our competitors.

Our hardware and software architecture is designed to maximize scalability, availability, reliability, efficiency, flexibility, manageability and security. By implementing many competing fares, checking availability, and booking transactions directly with supplier hosts, we have constructed our booking engine using Internet technologies rather than a system based around more traditional mainframe travel systems.

We have launched several key initiatives to increase our goal of becoming known as the “Christian Travel Company”:

· Improve purchase efficiency through effective marketing techniques;

· Improve travel offerings; and

· Strong Customer Retention.

Key initiatives to promote higher customer retention include:

· Continue to maintain strong supplier relationships to ensure competitive rates on commission based travel;

· Invest in technologies and marketing strategies that will improve our ability to target our customers;

· Continue to develop our customer care capabilities to make travel more convenient for our customers;

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Item 8. Financial Statements and Supplementary Data

Index to Financial Statements Required by Article 8 of Regulation S-X:

Audited Financial Statements:
F-1	Report of Independent Registered Public Accounting Firm De Joya Griffith & Company, LLC
F-3	Balance Sheets as of December 31, 2009 and 2008;
F-4	Statements of Operations for the years ended December 31, 2009 and 2008, and the period from reentering development stage (July 1, 2009) through December 31, 2009;
F-5	Statement of Stockholders’ Equity as of December 31, 2009 and 2008;
F-6	Statements of Cash Flows for the years ended December 31, 2009 and 2008, and the period from reentering development stage (July 1, 2009) through December 31, 2009;
F-7	Notes to Financial Statements

· Capitalize on innovative travel platform;

· We will continue to capitalize on our strength in developing technological and marketing enhancements that benefit both our travel suppliers and customers;

· Feature certain vendors on our site that pay us higher commission structures and greater family oriented travel opportunities for our consumers; and

· Direct Relationships with Major Travel Suppliers.

Expand our Customer Base

Our goal is to increase our customer base by acquiring new customers in a cost-effective manner and increasing our market share in the rapidly growing online travel industry. We intend to achieve this objective by:

· Emphasizing performance-based online advertising and other targeted marketing strategies;

· Cost-effectively building our brand through traditional broadcast and print channels;

· Generating increased transactions by using direct mail recognition programs and encouraging infrequent bookers to purchase more travel from us using supplier incentives; and

· Offering web-based corporate travel.

Pursue New Business Opportunities

We plan to use our innovative technology and our relationships with travel suppliers to expand and enhance our growth prospects.

We believe that our approach to travel uniquely positions us to capitalize on the emerging growth of the online travel industry. Since we have an established base of vendor contracts in place, we are able to meet the demands of consumers, all of whom are always looking for an easier and more efficient way to book travel. Our business objectives, once fully implemented, will allow Kinder Travel to continue to develop its wide array of products, putting fast and easy travel tools right at their fingertips.

In order to pursue these business opportunities and our other growth initiatives, we may make strategic acquisitions of other businesses, products and technologies. The discussion of our strategy in this section reflects our current view of the ways we intend to develop our business in the future. Many of the initiatives we describe above are at an early stage, and we continue to review them in light of changing business conditions. We may change our plans, and future developments could differ from those we intend or expect to occur.

The Company also serves as ministry travel provider, and is continually seeking new ministries with which it can partner. Presently, we have agreements with only two ministries, but, through traditional forms of marketing and advertising, including word of mouth, are seeking other ministries to expand on this aspect of our business plan.

In 2005, the Company signed a revenue sharing agreement with Campus Crusade For Christ Canada (“CCCC”), giving it exclusive rights to all travel bookings in Canada. As part of this agreement, Kinder Travel set up an office within the CCCC head office and employs a full-time agent to service their travel needs.

Kinder Travel also secured the travel business of Alpha Canada, an organization which works with local churches across Canada offering a 10 week, thought-provoking course which explores the Christian faith in a relaxed, non-threatening environment.

The Company has a formal written agreement with Campus Crusade for Christ Canada. There is no written agreement with Alpha Canada.

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Our Agreement with CCCC provides that CCCC will act as an independent contractor for the Company, selling and promoting the Company’s services. CCCC, per the Agreement, is entitled to receive 35% of the commissions and service fees generated for each of the services sold. The Company will provide administrative support to CCC on an as needed basis. The Agreement shall continue until terminated by either party upon 30 days written notice.

Reservations

Our website enables consumers and business travelers to research and purchase a wide range of travel products and services, including airline tickets, hotel accommodations, car rentals, cruises, and vacation packages. We have established agreements with numerous travel suppliers and offer airfares and rates from hundreds of airlines, tens of thousands of hotel properties and a large number of car rental providers. Our advanced search technology allows our customers to easily find and compare what we believe to be the widest selection of travel prices and options from not only our site, but all leading online travel providers, the largest selection of low fares generally available and the opportunity to share in the commissions that we receive. Finally, we have developed what we believe is an intuitive and easy-to-use booking process for making reservations and purchasing travel services.

Flights

Our search engine can quickly analyze over billions of possible flight and fare combinations to provide customers with the largest selection of low fares generally available to the public. Our technology and innovative display allows consumers to choose the best rate or schedule that they find and begin their booking process. Our systems allow you be in total control over your travel choices, while continuously promoting Christian, family oriented travel options.

Our vacation packages feature allows customers to choose among a variety of suppliers of vacation packages, including air and lodging, escorted tours, last-minute and other packages. Consumers can select their tour based on destination, resort name or interest preferences. Our website features online specials and answers to frequently asked questions.

Customer Services

In addition to allowing travelers to book travel transactions, we also provide a broad array of useful information and services designed to optimize the consumer’s www.myenvoytravel.com experience.

We take the Christian approach to the travel industry. No matter what the question or concern, our travel agents are standing by to assist you with all of your travel related questions. Additionally, our website is packed full of useful information that makes travel planning fun, educational and religious. Our search engine is very unique, providing resources not offered by other companies. If you are tired of wasting time doing travel research and still don’t know in which direction to go, then visit us on the internet by typing www.myenvoytravel.com.

Corporate Travel

It is our intent to launch www.myenvoytravel.com/corporate, to tailor to the ever growing demand for corporate travel solutions that provide lower transaction costs, lower average ticket price, high degree of price transparency, access to a wide choice of low fares, and a superior, automation-enhanced service experience. The Company’s business site will offer companies the same functionality and ease of use that we offer for leisure bookings, while adding functionality and service features that address the needs of both business travelers and the corporate travel managers who administer corporate travel policies.

We originally planned to launch this aspect of our business plan in March 2007. We have decided to focus on growing the personal travel services that we offer, and, in the future, launch a corporate travel website. We have not decided on a specific time frame for implementation of corporate travel services.

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While offering the same features as www.myenvoytravel.com, this aspect offers internal controls meant to maximize company travel policies. Traveler profiles will be uploadable to account for individual travel needs, along with company specific requirements to maximize savings.

Corporations may be charged a flat fee of $100 per month will be charged for access, thereby providing complete access to our corporate services. We have not performed any market research to ascertain whether corporations would be willing to pay such a fee. As such, we have yet to determine if such a fee will be charged once this portion of our website is fully operational.

Some additional corporate travel features may include:

(i) full integration of corporate negotiated fares and rates in our booking path;

(ii) travel arranger functionality, which allows personal assistants to manage travel on behalf of corporate employees;

(iii) functionality designed to control travel policies in more highly managed corporate environments, including the ability to track and report reasons for employees not choosing the lowest available fare and the ability to limit availability displays to only those suppliers with which the corporation has a preferred relationship; and

(iv) consolidated data reporting, which helps corporations track travel spending and support negotiations with suppliers.

Consumer Marketing

We use various forms of cost-effective online marketing, including advertising on content sites and placement on comparative shopping tools as well as on search engine websites. Our marketing initiatives are subject to strict cost performance and measurement processes.

Our marketing efforts employ a comprehensive array of analytical tools that measure our spending effectiveness. We use these tools to ensure that we stay focused on achieving a high return on our marketing investment. We believe that focusing on performance-based marketing techniques and the financial implications of our marketing efforts is an important factor in pursuing our goal of profitable growth.

Hardware

Our focus on reducing costs per transaction keeps us focused on the efficiency of our hardware. We make extensive use of commodity hardware, which allows for flexibility and processing power capable of handling large amounts of traffic and data at low unit costs. In addition, we have built monitoring and automation tools to help us monitor, detect and fix problems in our hardware and software. This results in little downtime for maintenance and upgrades, while helping to keep costs of operating and maintaining the machines low despite increases in the number of machines. Our system’s hardware and network architecture are designed to avoid single points of failure.

Software

Our secure password system protects the consumer from any hackers, giving you complete privacy for your travel arrangements. Using your credit card on our site is also protected with an encrypted credit card processing program.

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Competitors

We operate in a highly competitive market and we may not be able to compete effectively. The market for travel products is intensely competitive. We compete with a variety of companies with respect to each product or service we offer, including:

· InterActiveCorp, an interactive commerce company, which owns or controls numerous travel-related enterprises, including Expedia, an online travel agency,

· Hotels.com, a representative of online lodging reservations, Hotwire, a wholesaler of airline tickets, lodging and other travel products and Ticketmaster and

· Citysearch, both of which offer destination information and tickets to attractions;

· Sabre Holdings, which owns Travelocity, an online travel agency, GetThere, a provider of online corporate travel technology and services, and the Sabre Travel Network, a GDS (or "global distribution system");

· Orbitz, Inc., an online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, lodging, rental cars, cruises and vacation packages;

· Cendant, a provider of travel and vacation services, which owns or controls the following: Galileo International, a worldwide GDS; Cheap Tickets, an online travel agency; Lodging.com, an online representative of hotel rooms; Howard Johnson, Ramada Inns and other hotel franchisors; Avis and Budget car rental companies;

· Travelport, a provider of online corporate travel services and other travel-related brands;

· Expedia, Lowestfare.com and Priceline.com are our primary competitors in the referral marketing business;

· Other consolidators and wholesalers of airline tickets, lodging and other travel products, including Priceline.com and Travelweb; and

· Other local, regional, national and international traditional travel agencies servicing leisure and business travelers.

We are a relatively small player in this market. These competitors are in general larger, have greater financial and personnel resources and have achieved greater market penetration than we have.

Based solely upon management’s knowledge of and experience in the industry and not upon any research or other verifying data from independent third parties, our agents are quoted the same rates from travel service providers as other travel agents and agencies.

Research and Development

We conduct no research and development activities.

Intellectual Property

We have not applied for any patent or trademarks in connection with our operations.

Trademarks

We have no patents or trademarks. Our success and ability to compete in the online travel industry depend, in part, upon our technology. We rely primarily on provisions in our contracts to protect our technology. We attempt to negotiate beneficial intellectual property ownership provisions in our contracts. However, laws and our actual contractual terms may not be sufficient to protect our technology from use or theft by third parties. For instance, a third-party might try to reverse engineer or otherwise obtain and use our technology without our permission and without our knowledge, allowing competitors to duplicate our products. We may have legal or contractual rights that we could assert against such illegal use, but lawsuits claiming infringement or misappropriation are complex and expensive, and the outcome would not be certain. In addition, the laws of some countries in which we may wish to sell our products may not protect software and intellectual property rights to the same extent as the laws of the United States. Moreover, the intellectual property right laws afford us no protection since we have no patents or trademarks.

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Travel Agency Bond

Travel agencies in Canada are regulated by the Business Practices and Consumer Protection Authority (“BPCPA”). BPCPA required the Company to purchase a Guaranteed Investment Certificate (“GIC”) from a financial institution as a condition for licensing as a travel agency. The financial institution then issued a letter of credit to the BPCPA, which matured on December 14, 2008.

Government Regulation

We must comply with laws and regulations relating to our sales activities, including those prohibiting unfair and deceptive practices and those requiring us to register as a seller of travel products, comply with disclosure requirements and participate in state restitution funds. In addition, many of our travel suppliers are heavily regulated and we are indirectly affected by such regulation.

Travel Industry Regulation

As a travel company selling air transportation products, we are subject to regulation by federal, state and provincial agencies which have jurisdiction over economic issues affecting the sale of air travel, including consumer protection issues and competitive practices. Such agencies may have the authority to enforce economic regulations, and may assess civil penalties or challenge our operating authority. To the extent we sell travel products other than air transportation, we are subject to regulation by other federal, state or provincial agencies, which may have jurisdiction over a wide range of advertising, marketing and other consumer protection areas.

Internet Regulation

We must also comply with laws and regulations applicable to businesses engaged in online commerce. An increasing number of laws and regulations apply directly to the Internet and commercial online services. Moreover, there is currently great uncertainty whether or how existing laws governing issues such as property ownership, sales and other taxes, libel and personal privacy apply to the Internet and commercial online services. It is possible that laws and regulations may be adopted to address these and other issues. Further, the growth and development of the market for online commerce may prompt calls for more stringent consumer protection laws. New laws or different applications of existing laws would likely impose additional burdens on companies conducting business online and may decrease the growth of the Internet or commercial online services. In turn, this could decrease the demand for our products or increase our cost of doing business.

For example, in the United States, Federal legislation imposing limitations on the ability of states to impose taxes on Internet-based sales was enacted in 1998. The Internet Tax Freedom Act, which was extended by the Internet Nondiscrimination Act, exempted certain types of sales transactions conducted over the Internet from multiple or discriminatory state and local taxation through November 1, 2003. The majority of products and services we sell are already taxed: hotel rooms and car rentals at the local level, and air transportation at the federal level with state taxation preempted. Nevertheless, failure to renew this legislation could allow state and local governments to impose additional taxes on some aspects of our Internet-based sales, and these taxes could decrease the demand for our products or increase our cost of operations.

International

We may become subject to the laws and regulations of other countries, including with respect to transportation, privacy and consumer and online regulation. These may impose additional costs or other obligations on us.

Future Regulation

Federal, state, provincial or other governmental agencies may adopt new laws, regulations and policies regarding a variety of matters that could affect our business or operations. We cannot predict what other matters such agencies might consider in the future, or what the impact of such regulations might be on our business.

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Employees

As of December 31, 2008, we employed two (2) individuals on a full time basis and two (2) individuals on a part time basis.

Because of the nature of our business, we do not expect to hire any new employees in the foreseeable future, but anticipate that we will be conducting most of our business through agreements with consultants and third parties.

Reporting Currency

All of the Company’s transactions are denominated in Canadian currency so the Company has adopted the Canadian dollar as its functional and reporting currency. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the local functional currency are included in “General and Administrative expenses” in the statement of operations, which amounts were not material during the year ended December 31, 2008.

The Department of Corporation Finance in its advisory letter titled International Financial Reporting and Disclosure Issues, dated May 1, 2001 has stated, “Regulation S-X presumes that a US-incorporated registrant will present its financial statements in US dollars. In rare instances, the staff has not objected to the use of a different reporting currency. Those instances have been limited to situations where the US-incorporated registrant had little or no assets and operations in the US, substantially all the operations were conducted in a single functional currency other than the US dollar, and the reporting currency selected was the same as the functional currency. In these circumstances, reporting in the foreign currency would produce little or no foreign currency translation effects under FASB Statement No. 52.”

First, the Company has its only facilities located Canada, and therefore has no assets or operations in the US. Second, all operations of the Company are conducted only in Canadian currency. Third, the reporting currency is in Canadian dollars which is the same currency that all operations were conducted in. Therefore, reporting in Canadian dollars would produce little or no foreign currency translation effects under FASB Statement No. 52.

ITEM 2. DESCRIPTION OF PROPERTY.

We lease our corporate headquarters at 20385 64th Avenue , Langley , BC . The office space is an area of approximately 300 square feet demised from the rest of the general office on the 2nd floor. This space includes utilities and a shared receptionist is provided free-of-charge as part of our revenue share agreement with CCCC. The property is generic office space that meets the Company’s executive and administrative requirements providing ample space for our executives to run the Company, as well as space to expand and hire new employees.

ITEM 3. LEGAL PROCEEDINGS.

We are not a party to any pending legal proceeding. No federal, state or local governmental agency is presently contemplating any proceeding against the Company. No director, executive officer or affiliate of the Company or owner of record or beneficially of more than five percent of the Company's common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF THE SECURITY HOLDERS.

None.

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PART II.

ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information

Our shares of common stock commenced trading on the OTC Bulletin Board (“OTCBB”) on July 3, 2007. Prior to that date, our common stock was not listed for trading. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter equity securities. An OTCBB equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. The reported high and low bid and ask prices for the common stock are shown below for the period from July 3, 2007 through December 31, 2008.

Fiscal Year 2008	High		Low
First Quarter		0.30		0.30
Second Quarter		0.30		0.30
Third Quarter		0.30		0.30
Fourth Quarter		0.30		0.30

Fiscal Year 2007	High		Low
Third Quarter		0.50		0.50
Fourth Quarter		0.50		0.50

Our common stock is subject to rules adopted by the Commission regulating broker dealer practices in connection with transactions in “penny stocks.” Those disclosure rules applicable to “penny stocks” require a broker dealer, prior to a transaction in a “penny stock” not otherwise exempt from the rules, to deliver a standardized list disclosure document prepared by the Securities and Exchange Commission. That disclosure document advises an investor that investment in “penny stocks” can be very risky and that the investor’s salesperson or broker is not an impartial advisor but rather paid to sell the shares. The disclosure contains further warnings for the investor to exercise caution in connection with an investment in “penny stocks,” to independently investigate the security, as well as the salesperson with whom the investor is working and to understand the risky nature of an investment in this security. The broker dealer must also provide the customer with certain other information and must make a special written determination that the “penny stock” is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. Further, the rules require that, following the proposed transaction, the broker provide the customer with monthly account statements containing market information about the prices of the securities.

These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for our common stock. Many brokers may be unwilling to engage in transactions in our common stock because of the added disclosure requirements, thereby making it more difficult for stockholders to dispose of their shares.

(b) Holders. At December 31, 2008, there were 37 record holders of 2,400,000 shares of the Company’s Common Stock.

(c) Dividends. The Registrant has not paid any cash dividends to date and does not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of management to utilize all available funds for the development of the Registrant’s business.

Dividends

We have not declared or paid cash dividends on our common stock since our inception. We intend to retain all future earnings, if any, to fund the operation of our business, and, therefore, do not anticipate paying dividends in the foreseeable future. Future cash dividends, if any, will be determined by our board of directors.

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There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

1. We would not be able to pay our debts as they become due in the usual course of business; or

2. Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

Securities Authorized for Issuance Under Equity Compensation Plans

We have no equity compensation program including no stock option plan and none are planned for the foreseeable future.

Issuer Purchases of Equity Securities

There were no stock repurchases during the fourth quarter of 2008.

Recent Sales of Unregistered Securities

The were no sales of unregistered securities during the period covered by this report.

ITEM 6. SELECTED FINANCIAL DATA

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS

A. Management’s Discussion and Analysis.

The following discussion highlights the principal factors that have affected our financial condition and results of operations as well as our liquidity and capital resources for the periods described. This discussion contains forward-looking statements. Please see “Special cautionary statement concerning forward-looking statements” and “Risk factors” for a discussion of the uncertainties, risks and assumptions associated with these forward-looking statements. The operating results for the periods presented were not significantly affected by inflation.

REVENUE

Our net revenue amounted to $191,878 for the year ended December 31, 2008 compared to $195,580 for the year ended December 31, 2007.

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Our total operating expenses for the year ended December 31, 2008 were $182,556 compared to $159,756 in the prior year. Expenses consisted primarily of general operating expenses and professional fees associated with our SEC filing and attempt to become listed on the OTCBB.

NET LOSS

Primarily as a result of the foregoing, we had a net loss of $45,296 for the year ended December 31, 2008 compared to a net loss of $7,150 in the prior year. Our net loss for the year ended December 31, 2008 is attributed to an increase of Cost of Sales to 28% from 22% the prior year.

LIQUIDITY AND CAPITAL RESOURCES

At December 31, 2008 our cash balance was $21,220. This represents a slight increase in our financial position since December 31, 2007 when we reported cash of $16,275.

Plan Of Operations for the Next 12 Months

Our plan of operations for the next twelve months is to proceed with the implementation of our business plan. We will strive to launch all aspects of our operations. Primarily, we will focus on generating revenue from our website. Continuing operations will always focus on ways to increase our marketing sales force. We may require up to $200,000 in additional financing to expand operations through acquisitions of other small travel agencies. Our marketing effort will be directed at expanding our representative network through newspaper advertising, fax solicitation of existing clients, personal contact, and customized cruise packages.

Critical Accounting Policies

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make a wide variety of estimates and assumptions that affect (i) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, and (ii) the reported amounts of revenues and expenses during the reporting periods covered by the financial statements. Our management routinely makes judgments and estimates about the effect of matters that are inherently uncertain. As the number of variables and assumptions affecting the future resolution of the uncertainties increases, these judgments become even more subjective and complex. The most significant accounting policies that are most important to the portrayal of our current financial condition and results of operations are as follows:

Revenue Recognition

SAB No. 104 requires that four basic criteria be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the fee is fixed or determinable; and (4) collectibility is reasonably assured. Should changes in conditions cause management to determine that these criteria are not met for certain future transactions, revenue recognized for a reporting period could be adversely affected.

The Company has various methods by which they receive revenue. At present, most revenue is derived substantially from the following sources:

· Supplier Based Commissions: The Company receives commissions based upon contractual arrangements with leading travel providers.

· Consumer Service Fees: Upfront fees charged for each booking regardless of the type of travel.

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Revenue is recognized as follows for the services discussed above:

· for service fees, when reservations are made and secured by a credit card or other form of payment;

· for air travel, cruises and package tours, when commissions are received from the travel supplier; and

· for all travel such as hotel bookings and rental cars, when commissions are received from the travel supplier.

Allowance for Doubtful Accounts

Management makes judgments, based on its established aging policy, historical experience and future expectations, as to the ability to collect the Company’s accounts receivable. An allowance for doubtful accounts has been established. The allowance for doubtful accounts is used to reduce gross trade receivables to their estimated net realizable value. When evaluating the adequacy of the allowance for doubtful accounts, management analyzes amounts based upon an aging schedule, historical bad debt experience, and current trends.

Available Information

We file electronically with the Securities and Exchange Commission our annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934. You may obtain a free copy of our reports and amendments to those reports on the day of filing with the SEC by going to http://www.sec.gov.

Off-Balance Sheet Arrangements

The Company has no material transactions, arrangements, obligations (including contingent obligations), or other relationships with unconsolidated entities or other persons that have or are reasonably likely to have a material current or future impact on its financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

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ITEM 8. FINANCIAL STATEMENTS.

KINDER TRAVEL, INC.

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Report of Independent Registered Public Accounting Firm	F-1
Audited Financial Statements
Balance Sheets as of December 31, 2008 and 2007	F-3
Statements of Operations for the years ended December 31, 2008 and 2007	F-4
Statements of Stockholders’ Deficit for the years ended December 31, 2008 and 2007	F-5
Statements of Cash Flows for the years ended December 31, 2008 and 2007	F-6
Notes to Financial Statements	F-7

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

Genova Biotherapeutics, Inc. (formerly Kinder Travel Inc.).

New York, New York

We have audited the accompanying balance sheet of Genova Biotherapeutics, Inc. (formerly Kinder Travel Inc.) (a development stage company) as of December 31, 2009, and the related statements of operations, stockholders’ equity (deficit), and cash flows for the year then ended and deficit accumulated from July 1, 2009 to December 31, 2009. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2009, and the results of its operations and its cash flows for the year then ended and deficit accumulated from July 1, 2009 to December 31, 2009, in conformity with accounting principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has not generated any revenues and has incurred operating losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also discussed in Note 1 to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/S/ De Joya Griffith & Company, LLC

De Joya Griffith & Company, LLC

Henderson, Nevada

May 25, 2010

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

~~Kinder~~Genova ~~Travel~~Biotherapeutics, Inc.

(formerly Kinder Travel, Inc.)

Langley, BC CANADA

We have audited the accompanying balance ~~sheets~~sheet of Genova Biotherapeutics, Inc. (formerly Kinder Travel, Inc.) as of December 31, 2008, and the related statements of operations, stockholders' deficit and of cash flows for the year then ended. These financial statements are the responsibility of the management of Kinder Travel, Inc. Our responsibility is to express an opinion on these financial statements based on our audits. ~~The financial statements for the period of December 31, 2007 were audited by other auditors whose reports expressed unqualified opinions on those statements.~~

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal controls over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall consolidated financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of ~~Kinder~~Genova ~~Travel~~Biotherapeutics, Inc. as of December 31, 2008, and the results of its operations and its cash flows the year then ended in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that ~~Kinder Travel~~Genova Biotherapeutics, Inc. will continue as a going concern. As discussed in Note 71 to the financial statements, the Company suffered recurring losses from operations and has a net stockholders’ deficit. These factors and others raise substantial doubt about the Company’s ability to continue as a going concern. Management's plans in regard to these matters are described in Note 71 to the financial statements. The financial statements do not include any adjustments that might reflect these uncertainties.

/s/ M&K CPAS, PLLC

Houston, Texas

April 10, 2009

www.mkacpas.com

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MOORE & ASSOCIATES, CHARTERED

ACCOUNTANTS AND ADVISORS

PCAOB REGISTERED

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

Kinder Travel Inc.

We have audited the accompanying balance sheet of Kinder Travel Inc. as of December 31, 2007, and the related statements of operations, stockholders’ equity and cash flows for the years ended December 31, 2007. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Kinder Travel Inc. as of December 31, 2007 and the results of its operations and its cash flows for the years ended December 31, 2007, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 7 to the financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 7. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Moore & Associates, Chartered

Moore & Associates Chartered

Las Vegas, Nevada

February 27, 2008

2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501

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22GENOVA BIOTHERAPEUTICS, INC.

Kinder Travel Inc.
Balance Sheets
(In Canadian Dollars)
	December 31, 2008			December 31, 2007
ASSETS
Current Assets
Cash	$	21,220		$	16,275
Accounts receivable, net of allowance for doubtful accounts		0			10,941
Prepaid Expenses		0			4,464
Total Current Assets	$	21,220		$	31,680
Other Assets
Vehicles and Equipment, net of accumulated depreciation	$	21,957		$	24,489
Website, net of accumulated amortization		1,777			4,146
Travel Agency Bond		15,000			15,000
Total Other Assets		38,734			43,635
TOTAL ASSETS	$	59,954		$	75,315
LIABILITIES
Current Liabilities
Accounts payable	$	37,157		$	29,105
Accrued liabilities		4,286			4,446
Payroll Liabilities		2,085			1,757
Sales Tax Payable		105			356
Customer Prepayments		310			-
Shareholders' Loans		31,273			8,529
Current Portion of long-term debt		1,136			1,050
Total Current Liabilities	$	76,352		$	45,243
Long Term Liabilities
Loan payable		19,282			20,418
Total Long Term Liabilities		19,282			20,418
TOTAL LIABILITIES	$	95,634		$	65,661
STOCKHOLDERS’ EQUITY(DEFICIT)
Capital Stock
Preferred Stock
Authorized: 10,000,000 shares with $0.001 par value. Issued: Nil		-			-
Common Stock
Authorized: 65,000,000 common shares with $0.001 par value
Issued: 2,400,000		2,691			2,691
Additional paid-in capital		130,109			128,539
Accumulated Other Comprehensive Income		(855	)		753
Retained Earnings		(167,625	)		(122,329	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(35,680	)		9,654
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	59,954		$	75,315
The accompanying notes are an integral part of these consolidated financials statements.

(formerly Kinder Travel Inc.)

(A development stage company)

Balance sheets

(Expressed in U.S. dollars)

	December 31, 2009			December 31, 2008

ASSETS

Current assets

Cash	$	8,202		$	21,407

Total current assets		8,202			21,407

Intangible assets (Note 4)		67,500			–
Long-term assets of discontinued operations (Note 3)		–			39,074

Total assets	$	75,702		$	60,481

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current liabilities

Accounts payable	$	17,708		$	14,076
Accrued liabilities		17,500			4,286
Due to related parties (Note 5)		–			31,548
Current liabilities of discontinued operations (Note 3)		–			26,952

Total current liabilities		35,208			76,862

Long-term liabilities of discontinued operations (Note 3)		–			19,451

Total liabilities		35,208			96,313

Stockholders’ equity (deficit)

Preferred stock Authorized: 10,000,000 shares, par value $0.001 Issued and outstanding: Nil shares		–			–

Common stock Authorized: 990,000,000 shares, par value $0.00001 Issued and outstanding: 307,296,125 shares (2008 – 300,000,000 shares)		3,073			3,000

Additional paid-in capital		227,477			114,191

Accumulated other comprehensive (loss)		(146	)		(2,314)

Accumulated deficit		(161,638	)		(150,709)

Deficit accumulated during the development stage		(28,272	)		–

Total stockholders’ equity (deficit)		40,494			(35,832)

Total liabilities and stockholders’ equity (deficit)	$	75,702		$	60,481

(The accompanying notes are an integral part of these financial statements)

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23GENOVA BIOTHERAPEUTICS, INC.

Kinder Travel Inc.
Statements of Operations
(In Canadian Dollars)
		For the		For the
		Year Ended		Year Ended
		December 31, 2008		December 31, 2007
Sales	$	191,878	$	195,580
Cost of Sales		54,619		42,974
Gross Margin		137,260		152,606
General and Administrative Expenses
Automobile Expense		14,647		15,486
Depreciation and Amortization		4,900		12,561
General and Administrative		62,910		61,748
Payroll Expenses		86,246		57,026
Professional Fees		13,853		12,935
Total Expenses		182,556		159,756
Profit (Loss) from Operations		(45,296)		(7,150)
Provision for Income Tax		0		0
Net Profit (Loss)	$	(45,296)	$	(7,150)
Comprehensive Loss
Net Loss		(45,296)		(7,150)
Foreign currency translation adjustment		(1,608)		753
Total Comprehensive Loss	$	(46,904)	$	(6,397)
	$	(0.02)	$	(0.00)
Gain (Loss) per Share – Basic and Diluted
		2,400,000		2,400,000
Weighted Average Shares Outstanding
The accompanying notes are an integral part of these consolidated financials statements.

(formerly Kinder Travel Inc.)

(A development stage company)

Statements of operations

(Expressed in U.S. dollars)

	Year Ended December 31, 2009 $			Year ended December 31, 2008 $			Deficit Accumulated from July 1, 2009 to December 31, 2009 $

Revenue		–			–			–

Expenses

Professional fees		24,006			4,472			13,036
Management fees		21,509						21,509
General and administrative		6,373			8,020			(5,033)

Total expenses		51,888			12,492			29,512

Net (loss) from continuing operations		(51,888	)		(12,492	)		(29,512)

Net income (loss) from discontinued operations (Note 3)		12,687			(30,000	)		(1,240)

Net loss for the period		(39,201	)		(42,492	)		(28,272)

Other comprehensive income (loss)

Foreign currency translation adjustments		2,168			(4,552	)		(4,753)

Comprehensive loss for the period		(37,033	)		(47,044	)		(33,025)

Net loss per share, basic and diluted
Continuing operations		–			–
Discontinued operations		–			–

Weighted average number of shares outstanding		311,069,355			300,000,000

(The accompanying notes are an integral part of these financial statements)

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24GENOVA BIOTHERAPEUTICS, INC.

Kinder Travel Inc.
Statements of Stockholders' Equity
(In Canadian Dollars)
					Additional		Other			Retained			Total
	Common Stock				Paid-in		Comprehensive			Earnings			Stockholders’
	Shares		Amount		Capital		Income			(Deficit)			Deficiency
Balance - December 31, 2006		2,400,000		2,691		128,539					(115,179	)		16,050
Loss for the period										(7,150		)		(7,150	)
Foreign currency translation adjustment								753						753
Balance - December 31, 2007		2,400,000		2,691		128,539		753			(122,329	)		9,654
Loss for the period											(45,296	)		(45,296	)
Imputed interest on shareholder loans						1,570								1,570
Foreign currency translation adjustment								(1,608	)					(1,608	)
Balance - December 31, 2008		2,400,000		2,691		130,109		(855	)		(167,625	)		(35,680	)
The accompanying notes are an integral part of these consolidated financials statements.

(formerly Kinder Travel Inc.)

(A development stage company)

Statements of stockholders’ equity (deficit)

(Expressed in U.S. dollars)

	Common Stock						Additional Paid-in		Other Comprehensive			Accumulated			Deficit Accumulated During the Development
	Shares			Amount			Capital		Income (Loss)			Deficit			Stage			Total

Balance, December 31, 2007		300,000,000		$	3,000		$	112,718	$	2,238		$	(108,217	)	$	–		$	9,739

Imputed interest		–			–			1,473		–			–			–			1,473

Foreign currency translation adjustments		–			–			–		(4,552	)		–			–			(4,552)

Net loss for the year		–			–			–		–			(42,492	)		–			(42,492)

Balance, December 31, 2008		300,000,000			3,000			114,191		(2,314	)		(150,709	)		–			(35,832)

Shares issued to acquire intangible assets		31,250,000			313			67,187		–			–			–			67,500

Shares returned and net liabilities assumed by a director pursuant to disposal of travel operations		(23,953,875	)		(240	)		11,205		–			–			–			10,965

Related party loans forgiven		–			–			34,894		–			–			–			34,894

Foreign currency translation adjustments		–			–			–		2,168			–			–			2,168

Net loss for the year		–			–			–		–			(10,929	)		(28,272	)		(39,201)

Balance, December 31, 2009		307,296,125		$	3,073		$	227,477	$	(146	)	$	(161,638	)	$	(28,272	)	$	40,494

(The accompanying notes are an integral part of these financial statements)

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25GENOVA BIOTHERAPEUTICS, INC.

Kinder Travel Inc.
Statements of Cash Flow
(In Canadian Dollars)
	For the Year Ended December 31,2008			For the Year Ended December 31,2007
Operating
Net Loss	$	(45,296	)	$	(7,150	)
Adjustments to reconcile net income (loss) to net cash flows used in operating activities
Depreciation and Amortization		4,900			12,561
Imputed interest on shareholder loans		1,570			-
Changes in operating assets and liabilities
Accounts receivable		10,941			401
Prepaid Expenses		4,464			(4,464	)
Accounts payable		8,052			8,381
Accrued liabilities		(160	)		4,446
Payroll Liabilities		328			(26,558	)
Sales Tax Payable		(251	)		1,068
Customer Prepayments		310			(5,493	)
Net cash flows from (used for) operations	$	(15,142	)	$	(16,808	)
Investing
Purchase of Vehicles and Equipment		-			-
Net cash flows from investing activities	$	0		$	0
Financing
Borrowings on debt		64,912
Payments on debt		(43,218	)		5,506
Net cash flows from financing activities		21,694			5,506
Effect of exchange rate changes		(1,608	)		753
Change in Cash		4,945			(10,549	)
Cash - Beginning		16,275			26,824
Cash - Ending	$	21,220		$	16,275
Supplemental Cash Flow Information
Cash paid for:
Income Taxes	$	-		$	-
Interest	$	-		$	-
The accompanying notes are an integral part of these consolidated financials statements.

(formerly Kinder Travel Inc.)

(A development stage company)

Statements of cash flows

(Expressed in U.S. dollars)

	Year Ended December 31, 2009			Year Ended December 31, 2008			Deficit Accumulated from July 1, 2009 to December 31, 2009

Operating activities

Net loss for the period	$	(39,201	)	$	(42,492	)	$	(28,272)
Net (income) loss from discontinued operations		(12,687	)		30,000			(1,240)
Net loss from continuing operations for the period		(51,888	)		(12,492	)		(28,272)

Adjustments to reconcile net loss to net cash used in operating activities:

Imputed interest		–			1,473			–

Changes in operating assets and liabilities:

Accounts payable and accrued liabilities		16,846			12,872			13,029

Net cash provided by (used in) operating activities		(35,042	)		1,853			(16,483)

Financing Activities

Advances from related parties		16,615			22,944			3,363
Repayment of related party loans		(13,269	)		–			(4,373)

Net cash provided by (used in) financing activities		3,346			22,944			(1,010)

Net cash used in discontinued operations		16,323			(12,555	)		5,613

Effect of exchange rate changes on cash		2,168			(4,552	)		(4,752)

Change in cash		(13,205	)		7,690			(16,632)

Cash, beginning of period		21,407			13,717			24,834

Cash, end of period	$	8,202		$	21,407		$	8,202

Non-cash investing and financing activities:
Common stock issued for the acquisition of intangible assets	$	67,500		$	–		$	–
Net liabilities of travel business assumed by a director recorded as additional paid-in capital	$	10,965		$	–		$	10,965
Forgiveness of related party loans recorded as additional paid-in capital	$	34,894		$			$	34,894

Supplemental disclosures:
Interest paid		–			–			–
Income taxes paid		–			–			–

(The accompanying notes are an integral part of these financial statements)

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26GENOVA BIOTHERAPEUTICS, INC.

~~NOTES TO~~(formerly ~~FINANCIAL~~Kinder ~~STATEMENTS~~Travel Inc.)

~~DECEMBER 31,~~(A ~~2008~~development stage company)

~~(In Canadian~~Notes ~~Dollars)~~to the financial statements

~~Note 1~~Years -ended ~~The~~December ~~Company~~31, 2009 and ~~Significant Accounting Policies~~2008

~~The Company~~(Expressed in U.S. dollars)

~~Kinder Travel, Inc~~1. ~~(the~~Nature ~~"Company") was incorporated under the laws~~ of ~~the~~Operations ~~state~~and ~~of Nevada. The~~Continuance ~~Company is a full-service travel agency in Surrey, British Columbia, offering the full range~~ of travel services including corporate travel, vacations, cruise holidays, and group tours. However its primary focus is selling, marketing and providing in-store and web-based travel services and tours to families, businesses and ministries.Business

~~Effective January 1,~~Kinder ~~2006,~~Travel Inc. (the “Company”) ~~acquired~~was ~~all~~incorporated ofin the ~~assets~~State ~~and~~of ~~liabilities~~Nevada. ~~of a~~The ~~British~~Company ~~Columbia~~changed ~~corporation,~~its ~~Kinder~~name ~~Travel~~to &Genova ~~Tours,~~Biotherapeutics Inc. ~~("KTT"). Prior~~ toon ~~the~~April ~~acquisition~~24, ~~the Company had limited operations and expenses were primarily related to becoming incorporated~~2009. ~~Subsequent~~ toEffective ~~the~~July ~~acquisition~~1, 2009, the Company ~~adopted~~disposed ~~the business plan~~ of ~~KTT~~its ~~and~~travel ~~began~~business ~~operating~~operations. aRefer ~~travel~~to ~~agency~~Note 3.

~~Cash~~The Company is now a biotechnological drug development company with a focus on identifying, evaluating and ~~Cash Equivalents~~acquiring new promising drugs for treatment and prevention of oncological and infectious diseases in human beings. As the Company has changed its business and has not yet generated any revenue from its current business operations, it has re-entered the development stage effective July 1, 2009.

~~Cash consists~~These offinancial ~~funds~~statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in ~~checking~~the ~~accounts~~normal ~~held~~course byof ~~financial~~business. ~~institutions~~The Company has not generated any revenues since re-entering the development stage and is unlikely to generate earnings in ~~Canada~~the immediate or foreseeable future. ~~For~~ ~~purposes~~The continuation of ~~reporting~~the ~~cash~~Company ~~flows,~~as a going concern is dependent upon the ~~Company~~continued ~~considers~~financial ~~all~~support ~~short-term investments~~from ~~with~~its anshareholders, ~~original~~the ~~maturity~~ability of ~~three~~the ~~months~~Company orto ~~less~~obtain necessary equity financing to becontinue ~~cash equivalents.~~operations, ~~There~~and ~~are~~the noattainment ~~cash~~of ~~equivalents~~profitable operations. As at December 31, ~~2008~~2009, the Company has a working capital deficit of $27,006 and ~~2007~~ accumulated losses since inception ($161,638 and $28,272 during development stage). These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. 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.

~~Concentrations~~2. Significant Accounting Policies

~~During the~~a) ~~fiscal~~Basis ~~year 2008 and 2007, two customers represented more than 10%~~ of ~~the Company’s total revenues. The Company believes it has strong relationships with both of these customers.~~Presentation

~~Accounts Receivable~~These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars.

~~Accounts receivable~~b) ~~are~~Use recorded at their principal amounts and are generally unsecured. Management considers all amounts over 60 days to be past due. Periodically management reviews receivables and establishes an allowance for uncollectible accounts based on historical collection and current economic conditions. There were no receivables and no uncollectible accounts as of December 31, 2008 compared to $10,941 as of December 31, 2007. The difference is attributable to significantly reduced sales in December 2008 compared to December 2007 as well as increased collection efforts during the year ended December 31, 2008 as compared to collection efforts in the prior year.Estimates

~~Vehicles~~The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and ~~Equipment~~ assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of intangible assets, stock-based payments, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

~~Vehicles and~~c) ~~equipment~~Cash ~~with a life of more than one year~~ and aCash cost in excess of $500 are capitalized and depreciated. Depreciation is computed using the straight line method over the estimated useful lives of the assets. Useful lives range from 4 -5 years. The accumulated depreciation as of December 31, 2008 and 2007 is $38,265 and $33,363 respectively.Equivalents

~~Travel~~The ~~Agency Bond~~Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.

Travel agencies in Canada are regulated by the Business Practices and Consumer Protection Authority ("BPCPA"). BPCPA required the Company to purchase a Guaranteed Investment Certificate ("GIC") from a financial institution as a condition for licensing as a travel agency. The financial institution then issued a letter of credit to the BPCPA.

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27GENOVA BIOTHERAPEUTICS, INC.

~~The~~(formerly ~~fair value~~Kinder ofTravel ~~the cash, accounts receivable, accounts payable and accrued expenses, and the demand loan payable approximate the stated carrying value due to their expected short-term nature~~Inc. ~~The fair value of long-term debt approximates stated carrying value due to market interest rates for the term of the debt.~~)

~~Advertising Expenses~~(A development stage company)

~~Advertising costs~~Notes ~~are~~to ~~expensed as incurred. Advertising costs were $1,069 for~~ the ~~year~~financial ~~ended December 31, 2008.~~statements

~~Revenue Recognition~~Years ended December 31, 2009 and 2008

~~Revenue is~~(Expressed recognized when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when persuasive evidence of an arrangement exists, services have been provided, and collectability is reasonably assured. The Company recognizes supplier based commissions when services are provided in ~~accordance with the contractual arrangements with the leading travel providers~~U. ~~The Company recognizes consumer service fee when the consumer books travel arrangements and it is secured by payment as services are provided and collectibility is reasonably assured~~S. dollars)

~~Cancellation Policy~~2. Significant Accounting Policies (continued)

~~The cost of airfare portion of the Company's travel packages is non-refundable to customers. Other cancellation fees imposed by the relevant Travel Supplier(s~~d) ~~(for~~ ~~example,~~Intangible hotel cancellation penalties) must be paid by the customer when incurred. 100% of the travel package price is forfeited by the customer for cancellations not made before 24 hours prior to the departure date. No refunds are given to customers for unused or partially used package components. There were no customer cancellations in 2008.Assets

~~Income~~Intangible ~~(Loss)~~assets ~~per Share~~acquired either individually or with a group of other assets are initially recognized and measured at cost. Intangible assets with finite useful lives are amortized over their estimated useful lives. The amortization methods and estimated useful lives are reviewed annually.

~~Basic~~e) ~~and diluted~~Long-lived net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. The per share amounts include the dilutive effect of common stock equivalents in years with net income. Basic and diluted loss per share is the same due to the anti dilutive nature of potential common stock equivalents. As of December 31, 2008 and 2007, the loss per share was approximately $0.02 and $0.00 respectivelyAssets

~~Website~~In ~~Development Costs~~accordance with ASC 360, “Impairment or Disposal of Long-Lived Assets”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.

~~The Company's~~f) ~~website~~Income was launched in 2006 and website development costs were accounted for in accordance with Emerging Issues Task Force 00-2, "Accounting for Web Site Development Costs," with applicable guidance from AICPA Statement of Position 98-1, "Accounting for the Costs of Computer Software Developed or Obtained for Internal Use." The costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct and incremental, will be capitalized and amortized, on a straight-line basis over the estimated useful life, if management believes such costs are significant. Maintenance and enhancement costs will be expensed as incurred unless such costs relate to substantial upgrades and enhancements to the website that result in added functionality, in which case the costs will be capitalized and amortized on a straight-line basis over the estimated useful life, if management believes such costs are significant. There were no capitalizable costs incurred in 2008. As of December 31, 2008, current year amortization was $2,370 and accumulated amortization was $5,331Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

The Company files federal and provincial income tax returns in Canada and federal, state and local income tax returns in the U.S., as applicable. The Company may be subject to a reassessment of federal and provincial income taxes by Canadian tax authorities for a period of three years from the date of the original notice of assessment in respect of any particular taxation year. For Canadian and U.S. income tax returns, the open taxation years range from 2006 to 2009. In certain circumstances, the U.S. federal statute of limitations can reach beyond the standard three year period. U.S. state statutes of limitations for income tax assessment vary from state to state. Tax authorities of Canada and U.S. have not audited any of the Company’s income tax returns for the open taxation years noted above.

The Company recognizes interest and penalties related to uncertain tax positions in tax expense. During the years ended December 31, 2009 and 2008, there were no charges for interest or penalties.

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28GENOVA BIOTHERAPEUTICS, INC.

~~Reporting Currency~~(formerly Kinder Travel Inc.)

~~All~~(A ~~of the~~development ~~Company's~~stage operations are denominated in Canadian currency so the Company has adopted the Canadian dollar as its functional and reporting currency. All transactions initiated in other currencies are re-measured into the reporting currency as follows:company)

·Notes ~~Assets~~to ~~and liabilities at~~ the ~~rate~~financial ~~of exchange in effect at the balance sheet date,~~statements

·Years ~~Equity~~ended atDecember ~~historical rates~~31, 2009 and 2008

·(Expressed ~~Revenue~~in ~~and expense items at the prevailing rate on the date of the transaction~~U.S. dollars)

Translation adjustments resulting from translation of assets and liabilities are accumulated as a separate component of shareholders’ equity and reported as a component of comprehensive income or loss2. ~~The~~Significant ~~net~~Accounting ~~gain~~Policies (~~loss~~continued) ~~from these foreign exchange translations in 2008 was $ (1,608)~~

Transaction gains and losses that arise from the effect of exchange rate fluctuations on revenue and expenses are included in "general and administrative expenses" in the statement of operations. The net gain (lossg) toForeign ~~the~~Currency ~~company of these foreign exchange transactions in 2008 was $ (14).~~Translation

~~Estimates~~Effective on the disposal of the travel business operations on July 1, 2009, the Company’s functional currency remains the Canadian dollar but the reporting currency changed from the Canadian dollar to the U.S. dollar. The Company’s financial statements are translated using the current rate method. Assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date and revenues and expenses are translated at the average rates of exchange during the year. The effect of this translation is recorded in a separate component of stockholders' equity. A cumulative translation adjustment of $146 as of December 31, 2009 has been included in accumulated other comprehensive (loss) in the accompanying balance sheet. Foreign currency transaction gains and losses are included in the statement of operations.

~~The preparation~~h) ofFinancial ~~these~~Instruments ~~financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates~~ and ~~assumptions~~Fair ~~that~~Value affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of these financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from these estimates.Measures

~~Income Taxes~~ASC 820, “Fair Value Measurements and Disclosures” and ASC 825, “Financial Instruments” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

~~The Company~~Level accounts for income taxes under the asset and liability method. Under this method, deferred assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The Company establishes a valuation allowance to the extent that it is more likely than not that deferred tax assets will not be recoverable against future taxable income.1

~~Stock-Based Compensation~~Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

~~The Company~~Level accounts for stock-based employee compensation arrangements using the fair value method in accordance with the provisions of Statement of Financial Accounting Standards No.123(R) or SFAS No. 123(R), Share-Based Payments, and Staff Accounting Bulletin No. 107, or SAB 107, Share-Based Payments. The company accounts for the stock options issued to non-employees in accordance with the provisions of Statement of Financial Accounting Standards No. 123, or SFAS No. 123, Accounting for Stock-Based Compensation, and Emerging Issues Task Force No. 96-18, Accounting for Equity Instruments with Variable Terms That Are Issued for Consideration other Than Employee Services Under FASB Statement No. 123. The fair value of stock options and warrants granted to employees and non-employees is determined using the Black-Scholes option pricing model. The Company has adopted SFAS 123(R) and applied it in the period presented. As of December 31, 2008, there are no options outstanding.2

~~New~~Level ~~Accounting Pronouncements~~2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

~~In February~~Level 2007, the Financial Accounting Standards Board (the “FASB”) issued Statement of Financial Accounting Standards (“SFAS”) 159, “The Fair Value Option for Financial Assets and Financial Liabilities” (“SFAS 159”). SFAS 159 allows the Company to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. SFAS 159 is effective for fiscal years beginning after November 15, 2007. The adoption of SFAS 159 is not expected to have a material impact on the Company’s financial position, results of operation or cash flows.3

~~In December~~Level ~~2007,~~3 ~~the~~applies ~~FASB issued SFAS No. 160, “Non-controlling Interests in Consolidated Financial Statements”. This Statement amends ARB 51~~ to ~~establish~~ ~~accounting~~assets ~~and~~or ~~reporting~~liabilities ~~standards~~ for ~~the~~which ~~non-controlling~~there ~~(minority) interest~~are inunobservable ainputs ~~subsidiary~~to ~~and for~~ the ~~deconsolidation~~valuation ofmethodology ~~a subsidiary. It clarifies~~ that aare ~~non-controlling~~significant ~~interest~~to ~~in a subsidiary is an ownership interest in~~ the ~~consolidated~~measurement ~~entity~~of ~~that should be reported as equity in~~ the ~~consolidated~~ ~~financial~~fair ~~statements.~~value ~~The adoption~~ of ~~SFAS 160 is not expected to have a material impact on~~ the ~~Company’s~~assets ~~financial position, results of operation~~ or ~~cash flows~~liabilities.

~~In December 2007, the FASB issued SFAS 141R, Business Combinations. SFAS 141R replaces SFAS 141.~~ The ~~statement~~Company’s ~~retains~~financial ~~the~~instruments ~~purchase~~consist ~~method~~principally of ~~accounting for acquisitions~~cash, ~~but~~accounts ~~requires~~payable, aaccrued ~~number of changes~~liabilities, ~~including~~and ~~changes~~amounts indue ~~the~~to ~~way assets~~related ~~and~~parties. ~~liabilities~~Pursuant ~~are~~to ~~recognized~~ASC in820, the ~~purchase~~fair ~~accounting.~~value ~~It changes the recognition~~ of ~~assets~~cash ~~acquired~~is ~~and~~determined ~~liabilities~~based ~~assumed~~on ~~arising~~“Level ~~from contingencies~~1” inputs, ~~requires~~which ~~the~~consist ~~capitalization~~ of ~~in-process~~quoted ~~research~~prices ~~and development~~in atactive ~~fair~~markets ~~value,~~for ~~and~~identical ~~requires the expensing of acquisition-related costs as incurred~~assets. The ~~statement~~recorded ~~will~~values ~~apply~~of ~~prospectively~~all toother ~~business combinations~~financial ~~occurring~~instruments inapproximate ~~the~~their ~~Company’s~~current ~~fiscal~~fair ~~year~~values ~~beginning~~because ~~October~~of 1,their ~~2009. We~~nature ~~are~~and ~~evaluating~~respective ~~the~~maturity ~~impact~~dates ~~adopting~~or ~~SFAS 141R will have on our financial statements~~durations.

i)	Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

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29GENOVA BIOTHERAPEUTICS, INC.

~~Reclassifications~~(formerly Kinder Travel Inc.)

~~Certain reclassifications~~(A ~~have~~development ~~been~~stage ~~made to the prior period’s financial statements to conform to current period’s presentation.~~company)

~~Note 2~~Notes -to ~~Property~~the ~~and~~financial ~~Equipment~~statements

~~Property and~~Years ~~equipment are stated at cost. Depreciation of property and equipment is computed under the straight line method over the estimated useful life of the assets. Depreciation expense for the years~~ ended December 31, ~~2008 and~~2009 ~~2007 was $4,900~~ and ~~$12,561, respectively.~~2008

~~Property and~~(Expressed ~~equipment~~in ~~consisted~~U.S. ~~of the following:~~dollars)

	2008			2007
Computer and vehicles	$	54,891		$	54,891
Furniture and fixtures		7,108			7,108
		61,999			61,999
Accumulated depreciation		(38,265	)		(33,363	)
	$	23,734		$	28,636

2.	Significant Accounting Policies (continued)

~~Note 3~~j) -Earnings ~~Long-Term~~(Loss) ~~Debt~~Per Share

The Company ~~has~~computes aearnings ~~note~~(loss) ~~payable~~per toshare ain ~~bank~~accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. ~~The~~Basic ~~note~~EPS is ~~secured~~computed by adividing ~~vehicle,~~earnings ~~bears interest~~(loss) atavailable 7to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period.~~89%~~ ~~per~~Diluted ~~year~~EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and ~~requires~~convertible ~~monthly~~preferred ~~payments~~stock ofusing ~~$226~~the ~~until June 2,~~if-converted ~~2010~~method. In computing diluted EPS, atthe ~~which~~average ~~time~~stock ~~all~~price ~~remaining~~for ~~principal~~the period is ~~due~~used in ~~full~~ determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive.

~~Annual principal~~k) ~~payments~~Comprehensive ~~for the years ending December 31 are as follows:~~Income

2009	1,136
2010	19,282
	$ 23,578

ASC 220, “Reporting Comprehensive Income,” establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at December 31, 2009 and 2008, the Company’s only component of comprehensive income (loss) was foreign currency translation adjustments.

~~Note 4~~l) –Recent ~~Shareholder~~Accounting ~~Loans~~Pronouncements

AsIn ~~of December~~May 312010, ~~2008~~the ~~and~~FASB ~~2007,~~(Financial ~~the~~Accounting ~~total~~Standards ~~due~~Board) toissued ~~shareholders~~Accounting ~~was~~Standards ~~$31,273~~Update ~~and~~2010-19 $8(ASU 2010-19),~~529 respectively.~~ ~~These~~Foreign ~~loans~~Currency ~~are~~(Topic ~~unsecured,~~830): ~~non-interest~~Foreign ~~bearing,~~Currency ~~and~~Issues: ~~have~~Multiple ~~no specific~~Foreign ~~repayment~~Currency ~~terms~~Exchange Rates. The ~~Imputed~~amendments ~~interest~~in ofthis ~~$1,570~~Update ~~was~~are ~~calculated~~effective atas aof ~~rate~~the announcement date of 7 March 18, 2010.~~89%~~ ~~and~~The ~~recorded~~Company indoes ~~additional~~not ~~paid~~expect the provisions of ASU 2010-in19 ~~capital~~to athave ~~December~~a 31material effect on the financial position, ~~2008~~ results of operations or cash flows of the Company.

~~Note 5~~In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-18 ~~Income~~(ASU ~~Taxes~~2010-18), Receivables (Topic 310): Effect of a Loan Modification When the Loan is Part of a Pool That Is Accounted for as a Single Asset-a consensus of the FASB Emerging Task Force. The amendments in this Update are effective for modifications of loans accounted for within pools under Subtopic 310-30 occurring in the first interim or annual period ending on or after July 15, 2010. The amendments are to be applied prospectively. Early application is permitted. The Company does not expect the provisions of ASU 2010-18 to have a material effect on the financial position, results of operations or cash flows of the Company.

In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-17 (ASU 2010-17), Revenue Recognition-Milestone Method (Topic 605): Milestone Method of Revenue Recognition. The ~~Company~~ isamendments ~~liable~~in this Update are effective on a prospective basis for USmilestones ~~Federal~~achieved ~~taxes~~in fiscal years, and interim periods within those years, beginning on or after June 15, 2010. As Early adoption is permitted. If a vendor elects early adoption and the period of ~~December~~adoption ~~31,~~is ~~2008~~not the beginning of the entity’s fiscal year, the entity should apply the amendments retrospectively from the beginning of the year of adoption. The Company ~~did~~does not ~~have~~expect ~~any~~the ~~income~~provisions ~~for~~of ~~tax~~ASU ~~purposes~~2010-17 ~~and~~to ~~therefore,~~have noa ~~tax~~material ~~liability or~~effect ~~expense~~on ~~has~~the ~~been~~financial ~~included~~position, inresults ~~these~~of ~~consolidated~~operations ~~financial statements~~or cash flows of the Company.

The Company has accumulated net operating loss carry-forwards for tax purposes of approximately $168,000 that may be available to offset future taxable income. These operating loss carry-forwards begin to expire in 2027. In accordance with the Tax Reform Act of 1986, annual utilization of the Company’s net operating loss carry-forwards may be limited if a cumulative change in ownership of more than 50% is deemed to occur within any three-year period.

The deferred tax asset associated with the operating loss carry-forward is approximately $58,000. The Company has provided a valuation allowance against the deferred tax asset.

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30GENOVA BIOTHERAPEUTICS, INC.

~~Note 6~~(formerly –Kinder ~~Related~~Travel ~~Party Transactions~~Inc.)

As(A ~~of December~~development ~~31,~~stage ~~2008 and 2007 there are no related party transactions other than the shareholder loans.~~company)

~~Note 7~~Notes -to ~~Uncertainty~~the asfinancial ~~a Going Concern~~statements

~~The accompanying~~Years ~~financial~~ended ~~statements~~December ~~have been prepared assuming that the Company will continue as a going concern. However~~31, ~~the~~2009 ~~Company has suffered recurring losses from operations~~ and ~~has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern.~~2008

~~The Company’s~~(Expressed ~~ability to continue as a going concern is dependent upon its ability to generate profitable operations~~ in ~~the future and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due~~U. ~~Management has plans to seek additional capital through a private placement and public offering of its common stock~~S. ~~These~~ ~~plans, if successful, will mitigate the factors which raise substantial doubt about the Company’s ability to continue as a going concern.~~dollars)

~~The financial~~2. ~~statements~~Significant doAccounting ~~not~~Policies ~~include any adjustments that might result from the outcome of this uncertainty.~~(continued)

~~Note 8~~In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-16 ~~Subsequent~~(ASU ~~events~~2010-16), Entertainment-Casinos (Topic 924): Accruals for Casino Jackpot Liabilities-a consensus of the FASB Emerging Issues Task. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2010. The amendments should be applied by recording a cumulative-effect adjustment to opening retained earnings in the period of adoption. The Company does not expect the provisions of ASU 2010-16 to have a material effect on the financial position, results of operations or cash flows of the Company.

~~There were~~In noApril ~~subsequent~~2010, ~~events~~the ~~expected~~FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-15 (ASU 2010-15), Financial Services-Insurance (Topic 944): How Investments held through Separate Accounts Affect an Insurer’s Consolidation Analysis of Those Investments-a consensus of the FASB Emerging Issues Task Force. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2010. Early adoption is permitted. The amendments in this Update should be applied retrospectively to all prior periods upon the date of adoption. The Company does not expect the provisions of ASU 2010-15 to have a material effect on the ~~Company's accounting~~financial ~~policies~~position, results of operations or ~~financial~~cash ~~reporting~~flows of the Company.

In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-14 (ASU 2010-14), Accounting for Extractive Activities – Oil & Gas - Amendments to Paragraph 932-10-S99-1 (SEC Update). The Amendments are designed to modernize and update the oil and gas disclosure requirements to align them with current practices and changes in technology. The Company does not expect the provisions of ASU 2010-14 to have a material effect on the financial position, results of operations or cash flows of the Company.

In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-13 (ASU 2010-13), Compensation-Stock Compensation (Topic 718): Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades - a consensus of the FASB Emerging Issues Task Force. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2010. Earlier application is permitted. The Company does not expect the provisions of ASU 2010-13 to have a material effect on the financial position, results of operations or cash flows of the Company.

In April 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-12 (ASU 2010-12), Income Taxes (Topic 740): Accounting for Certain Tax Effects of the 2010 Health Care Reform Acts. After consultation with the FASB, the SEC stated that it “would not object to a registrant incorporating the effects of the Health Care and Education Reconciliation Act of 2010 when accounting for the Patient Protection and Affordable Care Act”. The Company does not expect the provisions of ASU 2010-12 to have a material effect on the financial position, results of operations or cash flows of the Company.

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31GENOVA BIOTHERAPEUTICS, INC.

~~On February~~(formerly ~~12, 2009,~~ Kinder Travel Inc.~~, a Nevada corporation (the “Registrant”~~), dismissed Moore & Associates, CHTD (“Moore”) as its independent registered public accounting firm. The dismissal was approved by the Registrant’s Board of Directors. During the fiscal year ended December 31, 2008 and the subsequent interim periods up through the date of termination, there were no disagreements with Moore on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Moore, would have caused Moore to make reference thereto in its report on the Registrants financial statements for such years.

~~Further, there were no reportable events as described in Item 304~~(~~a)(1)(iv)(B)~~A ~~of Regulation~~development SKstage occurring within the Registrant's two most recent fiscal years and the subsequent interim periods up through the date of termination. Other than as set forth below, the report issued by Moore with respect to the Registrant’s financial statements did not contain any adverse or disclaimer of opinion, and were not modified as to uncertainty, scope or accounting principals.company)

~~The~~Notes ~~audit report~~to ~~of Moore for~~ the financial statements ~~of the Registrant as of December 31, 2007 contained a separate paragraph stating:~~

~~“The accompanying~~Years ~~financial~~ended ~~statements~~December ~~have been prepared assuming that the Company will continue as a going concern. As discussed in Note 7 to the financial statements~~31, ~~the~~2009 ~~Company has suffered recurring losses from operations~~ and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 7. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.”2008

~~During the~~(Expressed Registrant's two most recent fiscal years and the subsequent interim periods up through the date of this Report, neither the Registrant nor anyone on its behalf consulted with any other independent auditor regarding the application of accounting principles to a specific, completed or contemplated transaction, or the type of audit opinion that might be rendered on the Registrant's financial statements. Further, no other independent auditor has provided written or oral advice to the Registrant that was an important factor considered by the Registrant in ~~reaching a decision as to any accounting, auditing or financial reporting issues during the period that Moore served as the Registrant’s independent auditor~~U.S. dollars)

~~On February~~2. ~~12,~~Significant ~~2009,~~Accounting ~~the~~Policies ~~Board of Directors engaged M&K CPAS, PLLC~~ (~~“M&K”~~continued) ~~as the Registrant’s independent registered public accounting firm.~~

~~ITEM 9A~~In March 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-11 (ASU 2010-11), Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives. ~~CONTROLS~~ The ~~AND PROCEDURES~~amendments in this Update are effective for each reporting entity at the beginning of its first fiscal quarter beginning after June 15, 2010. Early adoption is permitted at the beginning of each entity’s first fiscal quarter beginning after issuance of this Update. The Company does not expect the provisions of ASU 2010-11 to have a material effect on the financial position, results of operations or cash flows of the Company.

~~Evaluation of~~In February 2010, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update 2010-09 (ASU 2010-09), Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure ~~Controls~~Requirements. This amendment addresses both the interaction of the requirements of this Topic with the SEC’s reporting requirements and ~~Procedures~~the intended breadth of the reissuance disclosure provision related to subsequent events (paragraph 855-10-50-4). All of the amendments in this Update are effective upon issuance of the final Update, except for the use of the issued date for conduit debt obligors. That amendment is effective for interim or annual periods ending after June 15, 2010. The Company does not expect the provisions of ASU 2010-09 to have a material effect on the financial position, results of operations or cash flows of the Company.

~~We carried~~The ~~out~~Company anhas ~~evaluation,~~implemented ~~under~~all ~~the~~new ~~supervision~~accounting ~~and~~pronouncements ~~with~~that ~~the~~are ~~participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined~~ in ~~Exchange~~effect ~~Act Rules 13a-15(e)~~ and ~~15d-15(e)). Based~~ ~~upon~~ that ~~evaluation,~~may ~~our~~impact ~~principal~~its ~~executive officer and principal~~ financial ~~officer~~statements ~~concluded that, as of the end of the period covered in this report, our disclosure controls~~ and ~~procedures~~does ~~were~~ not ~~effective~~ tobelieve ~~ensure~~ that ~~information~~there ~~required~~are toany beother ~~disclosed~~new inaccounting ~~reports~~pronouncements ~~filed under~~that ~~the~~have ~~Securities~~been ~~Exchange~~issued ~~Act~~that ofmight ~~1934~~have isa ~~recorded,~~material ~~processed,~~impact ~~summarized~~on ~~and reported~~its ~~within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal~~ financial ~~officer,~~position asor ~~appropriate~~results toof ~~allow timely decisions regarding required disclosure~~operations.

~~Our management,~~m) including our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our consolidated financial statements included in this annual report have been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.Reclassifications

Certain of the figures presented for comparative purposes have been reclassified to conform to the presentation adopted in the current period. The financial statements were previously reported in Canadian dollars and are now reported in U.S. dollars.

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32GENOVA BIOTHERAPEUTICS, INC.

~~Management's Report~~(formerly onKinder ~~Internal~~Travel ~~Control over Financial Reporting~~Inc.)

~~Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15~~(f) under the Securities Exchange Act, as amended. Our management assessed the effectiveness of our internal control over financial reporting as of December 31, 2008. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control-Integrated Framework. A ~~material~~development ~~weakness~~stage ~~is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the~~ company~~'s annual or interim financial statements will not be prevented or detected on a timely basis. We have identified the following material weaknesses:~~)

1.Notes ~~As of December 31, 2008, we did not maintain effective controls over the control environment. Specifically we have not developed and effectively communicated~~ to ~~our employees its accounting policies and procedures. This has resulted in inconsistent practices. Further,~~ the ~~Board of Directors does not currently have any independent members and no director qualifies as an audit committee~~ financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.statements

2.Years Asended of December 31, ~~2008,~~2009 ~~we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed~~ and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.2008

3.(Expressed ~~As of December 31, 2008, we did not maintain effective controls over receivables and accrued liabilities. Specifically, controls were not designed and~~ in ~~place to ensure that accrued liabilities were properly recorded and that receivables were evaluated for collectibility~~U. ~~Accordingly, management has determined that this control deficiency constitutes a material weakness~~S. dollars)

~~Because of~~3. ~~these~~Discontinued material weaknesses, management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2008, based on the criteria established in "Internal Control-Integrated Framework" issued by the COSO.Operations

~~Changes~~ On April 20, 2009, the Company entered into an agreement to sell its travel business operations to a director of the Company. The director assumed all the assets and liabilities of the travel business in ~~Internal~~exchange ~~Control~~for ~~over~~the ~~Financial~~return ~~Reporting~~of 23,953,875 shares of common stock owned by the director to the Company. The shares were returned on July 20, 2009 and the effective date of the assumption of the travel business assets and liabilities was July 1, 2009.

~~There have~~The ~~been~~net noliabilities ~~significant~~of ~~changes~~the intravel ~~our~~business ~~internal~~assumed ~~controls~~by ~~over~~a ~~financial reporting~~director ~~that~~of ~~occurred during~~ the ~~year~~Company ~~ended~~on ~~December~~July 311, ~~2008~~2009 ~~that~~were ~~have materially~~as ~~or are reasonably likely to materially affect, our internal controls over financial reporting.~~follows:

Attestation Report of the Registered Public Accounting Firm

	$

Accounts receivable		5,301
Property and equipment		14,158
Website development costs		509
Travel agency bond		12,897
Accounts payable and accrued liabilities		(22,381)
Loan payable		(17,076)
Due to director		(4,373)

		(10,965)

~~This annual~~The ~~report~~net ~~does~~liabilities ~~not include an attestation report~~ of ~~our~~$10,965 ~~company's~~assumed ~~registered public~~were ~~accounting~~recorded ~~firm~~as ~~regarding~~additional internal control over financial reporting. Management's report was not subject to attestation by our company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit our company to provide only management's report paid-in ~~this annual report~~capital.

~~ITEM 9B. OTHER INFORMATION.~~Results of operations for the discontinued travel business for the six months ended June 30, 2009 were as follows:

None. Not applicable.

	$

Revenue, net		58,204
Automotive		(6,488)
Depreciation		(5,535)
General and administrative		(11,112)
Interest		(2,212)
Wages and benefits		(21,409)

Net income for the period		11,448

4.	Intangible Assets

On April 15, 2009, the Company entered into an asset purchase agreement with Phoinos Oxford Lifesciences Limited (“Phoinos”), a company incorporated under the laws of the Federation of St. Kitts & Nevis, for the purchase of the right, title and interest in and to medical intellectual property. As payment, the Company issued 31,250,000 shares of its restricted common stock with a fair value of $67,500 into escrow. The shares will be subsequently transferred to Phoinos in ten quarterly installments.

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33GENOVA BIOTHERAPEUTICS, INC.

(formerly Kinder Travel Inc.)

(A development stage company)

Notes to the financial statements

Years ended December 31, 2009 and 2008

(Expressed in U.S. dollars)

5.	Related Party Transactions

On July 20, 2009, a director and former officer of the Company returned 23,953,875 shares of common stock of the Company in exchange for the Company’s travel business operations effective July 1, 2009 pursuant to an agreement dated April 20, 2009. The net liabilities assumed of $10,965 were recorded as additional paid-in capital.

b)	For the year ended December 31, 2009, the Company incurred management fees of $21,509 (2008 – nil) to a director of the Company.

c)	As at December 31, 2009, the Company owes $nil (2008 - $13,269) to a director of the Company which is non-interest bearing, unsecured and due on demand.

d)	As at December 31, 2009, the Company owes $nil (2008 - $18,279) to shareholders of the Company. The amounts due are non-interest bearing, unsecured and due on demand. On December 31, 2009, these shareholders forgave $34,894 owing to them which was recorded as additional paid-in capital.

6.	Common Stock

a)	On April 20, 2009, the Company issued 31,250,000 common shares with a fair value of $67,500 for the purchase of the rights, title, and interest in medical intellectual property pursuant to an asset purchase agreement. Refer to Note 4.

b)	On April 24, 2009, the authorized share capital of the company was increased from 65,000,000 shares, par value of $0.001, to 990,000,000 shares, par value $0.00001. The share capital and additional paid-in capital amounts have been retroactively adjusted for all periods to reflect this change.

c)	On July 13, 2009, the Company completed a 125-for-1 forward stock split of the issued and outstanding common stock. All share amounts have been retroactively adjusted for all periods presented.

e)	On December 31, 2009, these shareholders forgave $34,894 owing to them which was recorded as additional paid-in capital.

7.	Income Taxes

The Company is subject to United States federal and state income taxes at an approximate rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	2009 $	2008 $

Income tax recovery at statutory rate	(13,328)	(14,447)

Permanent differences	–	501
Valuation allowance change	13,328	13,946

Provision for income taxes	–	–

F-14

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GENOVA BIOTHERAPEUTICS, INC.

(formerly Kinder Travel Inc.)

(A development stage company)

Notes to the financial statements

Years ended December 31, 2009 and 2008

(Expressed in U.S. dollars)

7.	Income Taxes

The significant components of deferred income tax assets and liabilities at December 31, 2009 and 2008, are as follows:

	2009 $	2008 $

Net operating losses carried forward	58,072	44,744

Valuation allowance	(58,072)	(44,744)

Net deferred income tax asset	–	–

As at December 31, 2009, the Company has net operating losses carried forward of $170,802, which are available to offset future years’ taxable income. These losses expire as follows:

	$

2026	83,930
2027	6,652
2028	41,019
2029	39,201

	170,802

The Company is in arrears on filing its statutory income tax returns and it therefore has estimated the expected amount of loss carryforwards available once the outstanding returns are filed. The Company expects to have net operating loss carryforwards for income tax purposes available to offset future taxable income. In addition, the Company may be subject to penalties and interest for failure to file these returns and related schedules.

F-15

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Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

In September of 2009, M&K CPAs, PLLC (the “Former Accountant”) declined to continue its engagement as the Company’s accountant. The Former Accountant’s audit reports on the financial statements of the Company for the fiscal year ended December 31, 2008 contained no adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that the audit reports on the financial statements of the Company for the fiscal year ended December 31, 2008 contained an uncertainty about the Company’s ability to continue as a going concern.

During the year ended December 31, 2008, and through the interim period ended June 30, 2009, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in their reports on the financial statements for such periods.

During the year ended December 31, 2008, and through the interim period ended June 30, 2009, there were no “reportable events” (as such term is defined in Item 304 of Regulation S-K).

On April 13, 2010, the Company provided the Former Accountant with its disclosures in the Quarterly Report on Form 10-Q filed April 16, 2010 disclosing the resignation of the Former Accountant and requested in writing that the Former Accountant furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. To date, the Former Accountant has not responded to the Company’s request. If and when the Former Accountant provides a response, it will be filed with the Securities and Exchange Commission.

On March 17, 2010, the company’s board of directors appointed De Joya Griffith & Company, LLC as the company’s auditor and independent accountant.

During the registrant's two most recent fiscal years, and the subsequent interim periods prior to engaging De Joya Griffith & Company, LLC, the company did not consult De Joya Griffith & Company, LLC regarding either the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the company's financial statements, or any matter that was either the subject of a disagreement or a reportable event.

Item 9A(T). Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in company reports filed or submitted under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include without limitation, controls and procedures designed to ensure that information required to be disclosed in company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our chief executive officer and treasurer, as appropriate to allow timely decisions regarding required disclosure.

Table of Contents

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our chief executive officer and chief financial officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2009. Based on their evaluation, they concluded that our disclosure controls and procedures were not effective.

Our internal control over financial reporting is a process designed by, or under the supervision of, our chief executive officer and chief financial officer and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external purposes in accordance with generally accepted accounting principles. Internal control over financial reporting includes policies and procedures that pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets; provide reasonable assurance that transactions are recorded as necessary to permit preparation of our financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with the authorization of our board of directors and management; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

Under the supervision and with the participation of our management, including our chief executive officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). Based on this evaluation under the criteria established in Internal Control – Integrated Framework, our management concluded that our internal control over financial reporting was effective as of December 31, 2009.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to an exemption for non-accelerated filers set forth in Section 989G of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially affected or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Internal Controls

Our management, including our Chief Executive Officer and our Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal control over financial reporting are or will be capable of preventing or detecting all errors or all fraud. Any control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements, due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns may occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risk.

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This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.

During the most recently completed fiscal year, there has been no change in our internal control over financial reporting that has materially affected or is reasonably likely to materially affect, our internal control over financial reporting.

Item 9B. Other Information

None.

PART III

~~ITEM~~ Item 10. ~~DIRECTORS~~ Directors, ~~AND EXECUTIVE~~Executive ~~OFFICERS.~~Officers and Corporate Governance

~~Identify~~Our ofexecutive officers and directors and ~~executive~~ ~~officers~~their respective ages as of September 21, 2010, are as follows:

Our current directors and executive officers are as follows:

Name	Age	Positions Held with the Company
Aaron Whiteman	35	President, Treasurer, CEO, CFO, Director
Dirk Holzhauer	42	Secretary, Director

~~Name~~Set ~~Position~~forth ~~Dirk~~below ~~Holzhauer~~is ~~Director~~a ~~Chief~~brief ~~Executive~~description ~~Officer,~~of ~~President,~~the ~~Treasurer,~~background ~~Secretary~~and business experience of our current executive officers and directors.

Aaron Whiteman – Mr. Aaron Whiteman holds a Bachelors of Law Degree from Oxford University. Since August 2006, he has served on a part-time basis as a vice president of Reliance Biotech, an Indian medical research company, responsible for business development and expansion into the European, Middle Eastern, and African regions. From May 2002 through May 2007, Aaron Whiteman was a vice president of Viranative AB, where he was responsible for promotion of the company’s products to strategic partners in the Sub-Saharan region. During his tenure, he successfully secured licensing agreements and commercial alliances with pharmaceutical giants Pharmacia (Upjohn), Astra Zeneca, and Glaxo Smith Kline. He has also held various executive, board, and advisory positions in the telecommunications industry. He became on officer and director of the company in April 2009.

Dirk Holzhauer – Mr. Holzhauer is a citizen of Germany and a resident of Canada. After completing two years of service in the German army, Mr. Holzhauer attended Werner-von-Siemenns-Berufskolleg in Cologne where he received a Bachelors Degree in Business Economics. This was followed by several business ventures in Germany before he emigrated to Canada in 1996. Since then he has served as an officer and director of both public and private companies in the United States and Canada. In July 2001, he began working for Yaletown Travel in Vancouver, BC and remained there until December 2005 when he became one of the founding officers, directors, and shareholders of the company.

Term of Office

~~All~~Our ~~of our~~articles authorize no less than one (1) Director. We currently have two Directors. Our directors are appointed for a one-year term to hold office until the next annual general meeting of ~~the~~ our shareholders or until ~~their~~removed ~~successors~~from ~~are~~office ~~elected~~in ~~and~~accordance ~~qualified~~with our bylaws. Our officers are appointed by our board of directors and hold office until ~~their~~removed ~~earlier death,~~by ~~retirement,~~the ~~resignation or removal~~board.

Background and Business Experience

The business experience during the past five years of each of the persons presently listed above as an Officer or Director of the Company is as follows:

Mr. Holzhauer, age 41, was the original founder of Kinder Travel, Inc. Since 1989 he has worked in the travel services sector of various German travel agencies and tour operators, leading branches of DER in Cologne and Frankfurt. From 1999 to 2001, Mr. Holzhauer worked as a travel agent for Uniglobe Advance Travel in Vancouver, BC. Between 2001 and 2004, Mr. Holzhauer was employed as a travel agent at Yaletown Travel Inc., also located in Vancouver, BC. Mr. Holzhauer immigrated to Canada in 1996 and established himself as travel agent in the local retail sector.

Kinder Travel, Inc. was founded by Mr. Holzhauer in January 2005 as a small boutique style niche travel service provider. The focus is primarily family travel as well as ministry and missions travel, and corporate travel. The approach is to offer online self serve capabilities but to provide full flexibility and assist personally in planning travel arrangements.

Identify Significant Employees

We have no significant employees other than Mr. Holzhauer, our President and Chief Executive Officer.

Family Relationships

~~We currently~~There doare ~~not~~no ~~have~~family ~~any~~relationships ~~officers~~between or among the directors, ofexecutive ~~our~~officers ~~company~~or ~~who~~persons ~~are~~nominated ~~related~~ or chosen by the Company to ~~each~~become ~~other~~directors or executive officers.

~~Involvement~~Significant ~~in Certain Legal Proceedings~~Employees

~~During the~~Our ~~last five years no director,~~ executive officer, ~~promoter~~and ordirectors ~~control~~are ~~person of~~our ~~the~~only ~~Company~~key ~~has had or has been subject to:~~employees.

(1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;12

(2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding;

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34Involvement in Certain Legal Proceedings

To the best of our knowledge, during the past five years, none of the following occurred with respect to our present or former director, executive officer, or employee: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

~~(4) being found~~Audit by a court of competent jurisdiction, the Commission or the Commodity Futures Trading Commission to have violated any federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.Committee

We do not have a separately-designated standing audit committee. The entire Board of Directors performs the functions of an audit committee, but no written charter governs the actions of the Board when performing the functions of what would generally be performed by an audit committee. The Board approves the selection of our independent accountants and meets and interacts with the independent accountants to discuss issues related to financial reporting. In addition, the Board reviews the scope and results of the audit with the independent accountants, reviews with management and the independent accountants our annual operating results, considers the adequacy of our internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the independent auditor and the performance of the independent auditor.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the ~~Securities~~ Exchange Act ~~of 1934~~ requires ~~the~~our ~~Company's~~directors and executive officers, ~~directors~~ and persons who beneficially own more than ten percent of a registered class of the Company'’s ~~Common~~ ~~Stock,~~equity securities to file with the SEC initial reports of ~~beneficial~~ ownership onand ~~Form~~reports 3,of changes in ~~beneficial~~ ownership onof ~~Form~~common 4stock and another ~~annual~~equity ~~statement~~securities of ~~beneficial ownership on Form 5, with~~ the ~~SEC~~Company. ~~Such executive officers~~Officers, directors and greater than ten percent beneficial shareholders are required by SEC ~~rules~~regulations to furnish ~~the~~ ~~Company~~us with copies of all ~~such~~Section 16(a) forms ~~that~~ they file. To the best of our knowledge based solely on a review of Forms 3, 4, and 5 (and any amendments thereof) received by us during or with respect to the year ended December 31, 2009, the following persons have ~~filed.~~failed to file, on a timely basis, the identified reports required by Section 16(a) of the Exchange Act during fiscal year ended December 31, 2009:

Based solely on its review of the copies of such forms filed with the SEC electronically, received by the Company and representations from certain reporting persons, the Company believes that for the fiscal year ended December 31, 2008, all the officers, directors and more than 10% beneficial owners complied with the above described filing requirements.

Name and principal position	Number of late reports	Transactions not timely reported	Known failures to file a required form
Aaron Whiteman, President, Treasurer, CEO, CFO, Director	0	0	0
Dirk Holzhauer, Secretary, Director	0	0	0
John Savin, former Vice President	0	0	0
Hyunho Jin, former Secretary	0	0	0

Code of Ethics

~~Our~~As ~~board~~ of ~~directors~~December ~~has~~31, 2009, we had not adopted a ~~code~~Code of ~~ethics~~Ethics ~~due~~for toFinancial ~~the~~Executives, ~~fact~~which ~~that~~would weinclude ~~presently only~~our ~~have~~principal ~~one~~executive ~~director and~~ officer, ~~namely~~principal ~~Mr.~~financial ~~Holzhauer~~officer, ~~and~~principal weaccounting ~~are~~officer inor ~~the development~~controller, ~~stage of our operations. We anticipate that we will adopt a code of ethics when we increase either the number of our directors and officers~~ or ~~the number~~persons ofperforming ~~our~~similar ~~employees~~functions.

~~Board Committees~~13

Audit Committee. The Company intends to establish an audit committee of the board of directors, which will consist of soon-to-be-nominated independent directors. The audit committee’s duties would be to recommend to the Company’s board of directors the engagement of an independent registered public accounting firm to audit the Company’s financial statements and to review the Company’s accounting and auditing principles. The audit committee would review the scope, timing and fees for the annual audit and the results of audit examinations performed by the internal auditors and independent registered public accounting firm, including their recommendations to improve the system of accounting and internal controls. The audit committee would at all times be composed exclusively of directors who are, in the opinion of the Company’s board of directors, free from any relationship which would interfere with the exercise of independent judgment as a committee member and who possess an understanding of financial statements and generally accepted accounting principles.

Mr. Holzhauer is the board of director’s financial expert to be considered upon the formation of the audit committee.

Compensation Committee. The Company intends to establish a compensation committee of the Board of Directors. The compensation committee would review and approve the Company’s salary and benefits policies, including compensation of executive officers.

Director Compensation

The Company has not paid its directors any separate compensation in respect of their services on the board. However, in the future, the Company intends to implement a market-based director compensation program.

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35Item 11. Executive Compensation

~~ITEM 11. EXECUTIVE COMPENSATION~~Compensation Discussion and Analysis

The ~~table below~~Company ~~summarizes~~presently ~~all~~does not have employment agreements with any of its named executive officers and it has not established a system of executive compensation ~~awarded~~or any fixed policies regarding compensation of executive officers. Due to, ~~earned~~financial constraints typical of those faced by a development stage business, orthe company has not paid significant cash and/or stock compensation to ~~our~~its ~~Officers for~~named ~~all~~executive ~~services~~officers, ~~rendered~~other inthan ~~all~~minor ~~capacities~~cash tocompensation uspaid ~~for~~on ~~the~~an ~~fiscal~~ad-hoc ~~periods indicated~~basis.

Name and Principal Position (a)	Year (b)	Salary ($)* (c)	Bonus ($) (d)	Stock Awards ($) (e)	Option Awards ($) (f)	Non-Equity Incentive Plan Compensation ($) (g)	Nonqualified Deferred Compensation Earnings ($) (h)	All Other Compensation ($) (i)	Total(1) ($) (j)
Dirk Holzhauer, CEO, CFO & Director	2008 2007	49,443 36,451	0 0	0 0	0 0	0 0	0 0	0 0	0 0
Martha Jimenez, CEO, CFO and Director	2008	0	0	0	0	0	0	0	0
Daniel L. Baxter, CEO, CFO and Director	2008 2007	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0

As our business and operations expand and mature, we expect to develop a formal system of compensation designed to attract, retain and motivate talented executives.

*This representsSummary ~~management~~Compensation ~~fees and/or salary paid during 2007 & 2008 to Dirk Holzhauer.~~Table

~~Narrative Disclosure~~The table below summarizes all compensation awarded to, ~~Summary~~earned ~~Compensation~~by, ~~Table~~or paid to both to our officers and to our directors for all services rendered in all capacities to us for our fiscal years ended December 31, 2009 and 2008.

On September 2, 2008, Mssrs. Baxter and Holzhauer resigned from all positions with the Company.

SUMMARY COMPENSATION TABLE
Name and principal position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Nonqualified Deferred Compensation Earnings ($)	All Other Compensation ($)	Total ($)
Aaron Whiteman, President, Treasurer, CEO, CFO, Director	2009 2008	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a
Dirk Holzhauer, Secretary, Director	2009 2008	0 $49,443	0 0	0 0	0 0	0 0	0 0	$21,509 0	$21,509 $49,443
John Savin, former Vice President	2009 2008	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	n/a
Hyunho Jin, former Secretary	2009 2008	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	0 n/a	n/a
Martha Jimenez, former CEO, CFO and Director	2009 2008	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0
Daniel L. Baxter, former CEO, CFO and Director	2009 2008	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0	n/a 0

~~On September~~Narrative 2,Disclosure ~~2008,~~to ~~Ms. Martha Jimenez was appointed as~~ the ~~sole~~Summary ~~officer~~Compensation ~~and director of the Company.~~Table

~~On September~~We ~~16,~~have ~~2008,~~not ~~Ms.~~entered ~~Jimenez~~into ~~resigned~~any ~~from~~employment ~~all~~agreement ~~positions~~or consulting agreement with ~~the Company~~our executive officers. There are no arrangements or plans in which we provide pension, retirement or similar benefits for executive officers.

~~On September 16, 2008, Mr. Holzhauer was appointed as the sole officer and director of the Company.~~14

There are no other employment contracts, compensatory plans or arrangements, including payments to be received from the Company with respect to any executive officer, that would result in payments to such person because of his or her resignation, retirement or other termination of employment with the Company, or its subsidiaries, any change in control, or a change in the person’s responsibilities following a change in control of the Company.

There are no agreements or understandings for any executive officer to resign at the request of another person. None of our executive officers acts or will act on behalf of or at the direction of any other person.

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36Outstanding Equity Awards at Fiscal Year-End

~~Compensation~~ The table below summarizes all unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer as of ~~Directors~~December 31, 2009.

The table below summarizes all compensation awarded to, earned by, or paid to our Directors for all services rendered in all capacities to us for the fiscal periods indicated.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
OPTION AWARDS						STOCK AWARDS
Name	Number of Securities Underlying Unexercised Options (#) Exercisable	Number of Securities Underlying Unexercised Options (#) Unexercisable	Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)	Option Exercise Price ($)	Option Expiration Date	Number of Shares or Shares of Stock That Have Not Vested (#)	Market Value of Shares or Shares of Stock That Have Not Vested ($)	Equity Incentive Plan Awards: Number of Unearned Shares, Shares or Other Rights That Have Not Vested (#)	Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Shares or Other Rights That Have Not Vested (#)
Aaron Whiteman	0	0	0	0	0	0	0	0	0
Dirk Holzhauer	0	0	0	0	0	0	0	0	0
John Savin, former officer	0	0	0	0	0	0	0	0	0
Hyunho Jin, former officer	0	0	0	0	0	0	0	0	0
Martha Jimenez, former officer	0	0	0	0	0	0	0	0	0
Daniel L. Baxter, former officer	0	0	0	0	0	0	0	0	0

Name (a)	Fees Earned or Paid in Cash (b)	Stock Awards ($) (c)	Option Awards ($) (d)	Non-Equity Incentive Plan Compensation ($) (e)	Nonqualified Deferred Compensation Earnings ($) (f)	All Other Compensation ($) (g)	Total ($) (j)
Dirk Holzhauer	0	0	0	0	0	0	0
Martha Jimenez	0	0	0	0	0	0	0
Daniel Baxter	0	0	0	0	0	0	0

Compensation of Directors Table

~~(1) Reflects~~The ~~dollar~~table ~~amount~~below ~~expensed~~summarizes byall ~~the~~compensation ~~company~~paid ~~during applicable fiscal year for financial statement reporting purposes pursuant~~ to ~~FAS~~our ~~123R. FAS 123R~~directors requires the Company to determine the overall value of the options as of the date of grant based upon the Black-Scholes method of valuation, and to then expense that value over the service period over which the options become exercisable (vest). As a general rule, for ~~time-in-service-based~~our ~~options, the~~last ~~Company~~completed ~~will~~fiscal ~~immediately expense any option or portion thereof which is vested upon grant, while expensing the balance on a pro rata basis over the remaining vesting term of the option~~year. For a description FAS 123 R and the assumptions used in determining the value of the options under the Black-Scholes model of valuation, see the notes to the consolidated financial statements included with this Report.

(2) Excludes awards or earnings reported in preceding columns.

DIRECTOR COMPENSATION
Name	Fees Earned or Paid in Cash ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Non-Qualified Deferred Compensation Earnings ($)	All Other Compensation ($)	Total ($)
Aaron Whiteman	0	0	0	0	0	0	0
Dirk Holzhauer	0	0	0	0	0	0	0
Martha Jimenez, former director	0	0	0	0	0	0	0
Daniel L. Baxter, former director	0	0	0	0	0	0	0

~~(3) Includes~~Narrative ~~all~~Disclosure other compensation not reported in the preceding columns, including (i) perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is less than $10,000; (ii) any “gross-ups” or other amounts reimbursed during the fiscal year for the payment of taxes; (iii) discounts from market price with respect to ~~securities~~Compensation purchased from the company except to the extent available generally to all security holders or to all salaried employees; (iv) any amounts paid or accrued in connection with any termination (including without limitation through retirement, resignation, severance or constructive termination, including change of ~~responsibilities)~~Directors or change in control; (v) contributions to vested and unvested defined contribution plans; (vi) any insurance premiums paid by, or on behalf of, the company relating to life insurance for the benefit of the director; (vii) any consulting fees earned, or paid or payable; (viii) any annual costs of payments and promises of payments pursuant to a director legacy program and similar charitable awards program; and (ix) any dividends or other earnings paid on stock or option awards that are not factored into the grant date fair value required to be reported in a preceding column.Table

~~Narrative~~ We do not pay any compensation to ~~Director~~our ~~Compensation~~directors ~~Table~~at this time. However, we reserve the right to compensate our directors in the future with cash, stock, options, or some combination of the above.

~~Directors~~We ~~serve~~have ~~without~~not ~~compensation and~~reimbursed ~~there~~our ~~are~~directors ~~no standard or other arrangements~~ for ~~their compensation. There~~expenses ~~are~~incurred ~~no employment contracts, compensatory plans or arrangements, including payments to be received from the Company with respect to any Director that would result~~ in ~~payments~~connection ~~to such person because of his or her resignation~~ with ~~the~~attending ~~Company,~~board ormeetings ~~its~~nor ~~subsidiaries,~~have inwe ~~the~~paid ~~event of~~ any ~~change~~ indirectors ~~control~~fees ofor ~~the~~other ~~Company. There~~cash ~~are~~compensation ~~no agreements or understandings~~ for ~~any~~services ~~Director~~rendered toas ~~resign~~a atdirector ~~the~~in ~~request of another person. None of our Directors or executive officers acts or will act on behalf of or at~~ the ~~direction~~year ofended ~~any~~December ~~other~~31, ~~person~~2009.

~~Option Exercises and Stock Vested in Fiscal 2008~~15

There were no option exercises or stock vested in 2008.

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37Stock Option Plans

~~ITEM 12. SECURITY~~We ~~OWNERSHIP~~have OFnot ~~CERTAIN BENEFICIAL~~adopted ~~OWNERS~~any ~~AND~~stock ~~MANAGEMENT~~option ~~AND RELATED~~or ~~STOCKHOLDER~~incentive ~~MATTERS~~plans.

~~The following~~Item ~~table~~12. Security ~~sets~~Ownership ~~forth information regarding the number~~ of ~~shares~~Certain ofBeneficial ~~common stock~~Owners ~~beneficially~~and ~~owned~~Management onand ~~March~~Related Stockholder ~~27, 2009, following consummation of the Transaction, by:~~Matters

·The ~~Each~~following ~~person~~table ~~who~~sets isforth certain information as to shares of our common stock owned by (i) each person known by us to beneficially own more than 5% orof ~~more~~our outstanding common stock, (ii) each of our directors, and (iii) all of our executive officers and directors as a group. Except as otherwise indicated, all shares are owned directly and the ~~Registrant’s~~percentage shown is based on 307,296,125 shares of common stock; issued and outstanding as of September 21, 2010.

· Each of the Registrant’s directors and named executive officers; and,

Name and Address of Beneficial Owners of Common Stock	Title of Class	Amount and Nature of Beneficial Ownership	% of Common Stock
Dirk Holzhauer 1461 A. First Avenue, Suite 360 New York, NY 10021	Common	22,973,164	7.48%
Aaron Whiteman 1461 A. First Avenue, Suite 360 New York, NY 10021	Common	0
DIRECTORS AND OFFICERS – TOTAL		22,973,164	7.48%

5% SHAREHOLDERS
Global Developments, Inc. 1960-143 Street Surrey, B.C., Canada	Common	109,500,000	35.63%
Mardan Consulting, Inc. 1960-143 Street Surrey, B.C., Canada	Common	34,973,000	11.38%

~~· All of the Registrant’s directors and executive officers as a group.~~16

Except as otherwise set forth below, the address of each of the persons listed below is:

Title of Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Owner (1)	Percentage of Shares Beneficially Owned (1)
	Directors and Named Executive Officers:
Common	Dirk Holzhauer	400,000	17%
Common	Mardan Consulting, Inc.	279,784	14%
Common	Global Developments, Inc.	626,000	26%
	All officers and directors as a group (5 persons)

(1)

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and includes voting and investment power with respect to shares. Unless otherwise indicated, the persons named in the table have sole voting and sole investment control with respect to all shares beneficially owned, subject to community property laws where applicable. The number and percentage of shares beneficially owned are based on 2,400,000 shares of common stock outstanding as of March 27, 2009.

Changes in Control.

There are no present arrangements or pledges of the Company’s securities which may result in a change in control of the Company.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,

AND DIRECTOR INDEPENDENCE.

None of the directors or executive officers of the Company, nor any person who owned of record or was known to own beneficially more than 5% of the Company’s outstanding shares of its Common Stock, nor any associate or affiliate of such persons or companies, has any material interest, direct or indirect or in any proposed transaction, which has materially affected or will affect the Company.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees

During the fiscal year ended December 31, 2008, we incurred approximately $7,932 in fees to our principal independent accountants for professional services rendered in connection with the audit and reviews of our financial statements for fiscal year ended December 31, 2008.

During the fiscal year ended December 31, 2007, we incurred approximately $12,081 in fees to our principal independent accountants for professional services rendered in connection with the audit and reviews of our financial statements for fiscal year ended December 31, 2007.

Audit-Related Fees

The aggregate fees billed during the fiscal years ended December 31, 2008 and 2007 for assurance and related services by our principal independent accountants that are reasonably related to the performance of the audit or review of our financial statements (and are not reported under Item 9(e)(1) of Schedule 14A was $0 and $0, respectively.

Tax Fees

The aggregate fees billed during the fiscal years ended December 31, 2008 and 2007 for professional services rendered by our principal accountant tax compliance, tax advice and tax planning was $0 and $0, respectively.

All Other Fees

The aggregate fees billed during the fiscal years ended December 31, 2008 and 2007 for products and services provided by our principal independent accountants (other than the services reported in Items 9(e)(1) through 9(e)(3) of Schedule 14A was $0 and $0, respectively.

Table of Contents

38Item 13. Certain Relationships and Related Transactions, and Director Independence

~~ITEM~~Except ~~15.~~as ~~EXHIBITS.~~set forth below, none of our directors or executive officers, nor any proposed nominee for election as a director, nor any person who beneficially owns, directly or indirectly, Shares carrying more than 5% of the voting rights attached to all of our outstanding Shares, nor any members of the immediate family (including spouse, parents, children, siblings, and in-laws) of any of the foregoing persons has any material interest, direct or indirect, in any transaction since our incorporation or in any presently proposed transaction which, in either case, has or will materially affect us:

EXHIBIT NO.	DESCRIPTION	LOCATION
3.1 – 3.2	Articles of Incorporation and Bylaws	Incorporated by reference as Exhibits to the Form SB-1 filed on July 11, 2006 as amended on February 2, 2007.
31.1	Rule 13a-14(a)/15d-14(a) Certification (CEO)	Filed herewith
31.2	Rule 13a-14(a)/15d-14(a) Certification (CFO)	Filed herewith
32.1	Section 1350 Certification (CEO)	Filed herewith
32.2	Section 1350 Certification (CFO)	Filed herewith

1. On April 20, 2009, the Company executed an asset purchase agreement (the “Holzhauer Asset Purchase Agreement”) between the Corporation and Dirk Holzhauer, a Shareholder, Director and Officer of the Corporation (“Holzhauer”). Because the Corporation was incurring continued losses in the travel industry, the Board of Directors decided it was in the best interests of the Corporation to pursue other business opportunities. Mr. Holzhauer expressed an interest in acquiring the travel business assets (the Assets) from the Corporation and operating the travel business as a private enterprise.

*With ~~All~~regard ~~exhibits~~to ~~are numbered with~~ the ~~number~~Holzhauer ~~preceding~~Asset ~~the~~Purchase ~~decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document.~~Agreement:

·	the Corporation sought and received shareholder approval for authorization to divest the Corporation of its travel business and related assets.

·	Mr. Holzhauer refrained from voting his shares in regards to the transaction.

·	a valuation of the travel business was determined based upon the mid-point of two valuation methods, namely the “tangible asset valuation method” and the “industry multiplier valuation method”; and

·	the valuation date was December 31, 2008, the date of the last audited financial statements at that time.

Based on the valuation methods, the Board of Directors determined that a fair price for the Assets was USD $57,489. It was further agreed that the purchase price would be paid by Mr. Holzhauer by retiring 191,631 shares of common stock of which he is the beneficial owner. The parties agreed that $0.30 per share was a fair value for the stock as it was the same value used in determining the purchase price for an unrelated acquisition of three medical patent applications 5 days prior to the Asset Purchase Agreement.

Item 14. Principal Accounting Fees and Services

Below is the table of Audit Fees (amounts in US$) billed by our auditor in connection with the audit of the Company’s annual financial statements for the years ended:

Financial Statements for the Year Ended December 31	Audit Services	Audit Related Fees	Tax Fees	Other Fees
2009	$16,000	-	-	-
2008	$7,932	-	-	-

Table of Contents

39PART IV

~~SIGNATURES~~Item 15. Exhibits, Financial Statement Schedules

~~In accordance with Section 13 or 15~~(da) ofFinancial ~~the~~Statements ~~Exchange~~and ~~Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 10th day of April, 2009.~~Schedules

	KINDER TRAVEL, INC.
Date: April 10, 2009	By:	/s/ Dirk Holzhauer
		Name: Dirk Holzhauer
		Title: Chief Executive Officer

The following financial statements and schedules listed below are included in this Form 10-K.

Signature	Position	Date
/s/ Dirk Holzhauer	Director	April 10, 2009
Dirk Holzhauer

Financial Statements (See Item 8)

(b)

Exhibits

Exhibit Number	Description
31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Table of Contents

40SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

By:	/s/ Aaron Whiteman
	Aaron Whiteman President, Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Director
	October 5, 2010

In accordance with Section 13 or 15(d) of the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:

By:	/s/ Dirk Holzhauer
	Dirk Holzhauer Secretary and Director
	October 5, 2010

By:	/s/ Aaron Whiteman
	Aaron Whiteman President, Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Director
	October 5, 2010

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