Note 2 - Going Concern

3 Months Ended

Jun. 30, 2011

NOTE 2

GOING CONCERN

As reflected in the accompanying condensed unaudited financial statements, the Company is in the development stage with limited operations. The Company has a net loss since inception of $515,226 and used cash in operations of $41,184 for the period from October 29, 2007 (inception) to June 30, 2011 and a working capital deficiency of $178,015 and stockholders’ deficiency of $203,615 at June 30, 2011.

This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

Alpine Alpha 1, Ltd. 10-Q