United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: ~~For the fiscal year ended December 31, 2009~~

For the fiscal year ended December 31, 2010

o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:

Commission File number: 333-148425

~~EXTREME MOBILE~~Structural ~~COATINGS~~Enhancement ~~WORLDWIDE~~Technologies ~~CORP~~Corp.

(Exact name of Registrant as specified in its charter)

Delaware

(State or other jurisdiction of Incorporation or organization)

1132-~~3460949~~0329069

(IRS Employer Identification No.)

~~126 Dewey~~3771 ~~Dr.~~Nesconset Highway Suite 104

~~Nicholasville~~S. Setauket, ~~Kentucky~~ ~~40356~~NY 11720

(Address of Principal executive offices) (Zip Code)

Registrant’s telephone number: (~~859~~631) ~~887~~ 675-~~1199~~2878

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

Common Share, Par Value, $.0001

(Title of each Class)

Securities registered pursuant to Section 12(g) of the Act: None

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

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. o Yes x No

Indicate by check mark if the ~~Registrant~~registrant is(1) ~~not~~filed all reports required to ~~file~~be ~~reports~~filed ~~pursuant~~by to Section 13 or 15(d) of the Securities Exchange Act of 1934 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. x Yes o No

oIndicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants’ 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. ~~Yes~~ x Yes o No

Indicate by check mark whether the ~~Registrant~~registrant ~~(1)~~is ~~filed~~a ~~all~~large ~~reports~~accelerated ~~required~~filer, toan beaccelerated ~~filed by~~filer, ~~Section~~a 13non-accelerated orfiler, ~~15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (~~or ~~for~~a ~~such~~smaller ~~shorter~~reporting ~~period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days~~company.

~~x Yes~~ Large accelerated filer o No Accelerated Filer o Non-accelerated filer o Smaller reporting company x (Do not check if a smaller reporting company)

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~is ~~filers~~a ~~pursuant~~shell tocompany ~~Item 405 of Regulation S-K~~ (~~§229.405~~as ofdefined ~~this chapter) is not contained herein, and will not be contained, to the best of Registrants’ knowledge,~~ in ~~definitive~~Rule ~~proxy~~12b-2 ~~or information statements incorporated by reference in Part III~~ of ~~this~~the ~~Form~~Exchange ~~10-K or~~Act). ~~any~~o Yes x ~~amendment to this Form 10-K.~~No

xThe aggregate market value of the voting stock held by non-affiliates of the Registrant was approximately $1,638,900 as of May 13, 2011, based on a market price of $.10 per share. ~~Yes~~For purposes of the foregoing computation, all executive officers, Directors and 5% beneficial owners of the registrant are deemed to be affiliates. ~~o No~~

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. (Check one):

Large accelerated filer o Accelerated Filer o Non-accelerated filer o Smaller reporting company x

(Do not check if a smaller reporting company)

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

o Yes x No

The aggregate market value of the voting stock held by non-affiliates of the Registrant was approximately $2,035,876.48 as of April 15, 2010, based on a market price of $.016 per share. For purposes of the foregoing computation, all executive officers, Directors and 5% beneficial owners of the registrant are deemed to be affiliates. Such determination should not be deemed to be an admission that such executive officers, Directors or 5% beneficial owners are, in fact, affiliates of the Registrant.

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date.

The number of shares of Common Stock outstanding, as of ~~April~~May 1513, ~~2010~~ 2011 was: ~~271~~27,~~581~~359,~~572~~472

DOCUMENTS INCORPORATED BY REFERENCE

None

~~EXTREME MOBILE~~TABLE ~~COATINGS~~OF ~~WORLDWIDE CORP.~~CONTENTS

ANNUAL REPORT ON FORM 10-K

		Page No
PART I

ITEM 1.	Business.		3
ITEM 1A.	Risk Factors.		8
ITEM 1B.	Unresolved Staff Comments.		8
ITEM 2.	Properties.		8
ITEM 3.	Legal Proceedings.		8
ITEM 4.	Removed and Reserved.		8

PART II

ITEM 5.	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities.		9
ITEM 6.	Selected Financial Data.		10
ITEM 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		10
ITEM 7A.	Quantitative and Qualitative Disclosures About Market Risk.		12
ITEM 8.	Financial Statementsand Supplementary Data.		F-1
ITEM 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.		14
ITEM 9A.	Controls and Procedures.		14
ITEM 9B.	Other Information.		15

PART III

ITEM 10.	Directors, Executive Officers and Corporate Governance.		14
ITEM 11.	Executive Compensation.		16
ITEM 12.	Security Ownership of Certain Beneficial Owners and Management.		17
ITEM 13.	Certain Relationships and Related Transactions, and Director Independence.		17
ITEM 14.	Principal Accounting Fees and Services.		18
ITEM 15.	Exhibits, Financial Statements.		19
	Signatures		20

~~For Fiscal Year Ended December 31, 2009~~2

~~INDEX~~PART I

		Page No
PART I		1
ITEM 1.	Description of Business	1
ITEM 2.	Description of Property	8
ITEM 3.	Legal Proceedings	8
ITEM 4.	(Removed and reserves)	8
PART II		9
ITEM 5.	Market for Common Equity and Related Stockholder Matters and Issuer Purchase of Equity Securities	11
ITEM 6.	Selected Financial Data	11
ITEM 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
ITEM 7A.	Quantitative and Qualitative Disclosures About Market Risk.	14
ITEM 8.	Financial Statement and Supplementary Data	15
ITEM 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	16
ITEM 9A.	Controls and Procedures	16
ITEM 9B.	Other Information	17
PART III		17
ITEM 10.	Directors, Executive Officers and Corporate Governance	17
ITEM 11.	Executive Compensation	19
ITEM 12.	Security Ownership of Certain Beneficial Owners and Management	20
ITEM 13.	Certain Relationships and Related Transactions	20
ITEM 14.	Principal Accounting Fees and Services	21
ITEM 15.	Exhibits, Financial Statement Schedules	22
Signatures		23

ITEM 1. BUSINESS

EXTREME MOBILE COATINGS WORLDWIDE CORP.

Part I

Item 1. Business

FORWARD-LOOKING STATEMENTS

Because we want to provide investors with more meaningful and useful information, this Annual Report on Form 10-K (“Form 10-K”) contains certain forward-looking statements that reflect our current expectations regarding our future results of operations, performance and achievements. We have tried, wherever possible, to identify these forward-looking statements by using words such as “anticipates,” “believes,” “estimates,” “expects,” “designs,” “plans,” “intends,” “looks,” “may,” and similar expressions. These statements reflect our current beliefs and are based on information currently available to us. Accordingly, these statements are subject to certain risks, uncertainties and contingencies, including the factors set forth herein, which could cause our actual results, performance or achievements in future periods to differ materially from those expressed in, or implied by, any of these statements. You should not place undue reliance on any forward-looking statements. Except as otherwise required by federal securities laws, we undertake no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this Report or to reflect the occurrence of unanticipated events.

About our Company

How our Company is organized.

Structural Enhancement Technologies Corp. (formerly Extreme Mobile Coatings Worldwide Corp.) (the “Company”) ~~was~~is a Delaware corporation incorporated on July 28, 2004, in the United Kingdom under the name T&T Homes Limited. On November 29, 2004, the name of the corporation was amended to Falcon Media Services, Ltd. On December 3, 2007, the Company amended its Certificate of Incorporation to increase the authorized capital to 500,000,000 shares of common stock, par value of $0.001 per share. On September 16, 2008, the Company and the stockholders of Extreme Mobile Coatings, Inc., a Delaware corporation (“Extreme”), entered into a Share Exchange Agreement (the “Agreement”) pursuant to which the stockholders of Extreme exchanged all of the outstanding shares of Extreme common stock for an aggregate of 13,505,085 ordinary shares of the Company (the “Share Exchange”). As a result of the Share Exchange, Extreme became a wholly -owned subsidiary of the Company. On November 12, 2008, the Company amended its Certificate of Incorporation to change the name of the Company to “EXTREME MOBILE COATINGS ~~COMPANY~~CORP., LTD.”

On April 8, 2009, Extreme Mobile Coatings Company, Ltd. completed corporate actions to re-domicile the Company to Delaware from London, United Kingdom. As a result of this re-domicile, the name of the Company has been changed to Extreme Mobile Coatings Worldwide Corp. In addition, the Company’s Board of Directors approved a five (5) for one (1) forward split of its common stock. The Company trades under the new symbol “EMWW” on the Over the Counter Bulletin Board on a split-adjusted basis.

On June 18, 2010, the Company completed the corporate actions of amending its name to Structural Enhancement Technologies Corp. and effected a reverse split of its common stock of one hundred (100) old shares to one (1) new share of common stock.

Our Business

The Company was formed to provide quality sports and event related content and services to the Middle Eastern markets across the mobile phone network, and receive revenues through joint ventures and other licensing arrangements. Upon completion of the Share Exchange, the Company abandoned its original business plan. The Company is continuing the business of Extreme as its sole line of business.

Where You Can Find Us

The Company’s corporate offices are located at ~~126~~3771 ~~Dewy~~Nesconset DrHighway Suite 104 S., ~~Nicholasville~~Setauket, ~~Kentucky 40356~~NY 11720, and its phone number is ~~859~~631-~~887~~675-~~1199~~2878. Its web site is www.extrememobilecoating.com.

Description of Extreme Mobile Coatings, Inc.

BUSINESS

General

The Company conducts its operations through its wholly -owned subsidiary, Extreme Mobile Coatings, Inc., a successor of A&C Coatings, LLC, which was formed in February 2007 to offer franchise opportunities to operate a mobile business which provides painting or coating on various surfaces utilizing a special patented mobile system developed by Environmental Infrastructure Holdings Corp. f/k/a Xiom Corp. and licensed to Extreme. Xiom Corp. is now a wholly -owned subsidiary of Environmental Infrastructure Holdings Corp. (“EIHC”)

In addition, Extreme operates a mobile coating business in and around Nicholasville, Kentucky.

The Xiom coatings include coatings that:

o● reduce or mitigate microbe levels on various surfaces; o● contain anti-foul polymers that reduce the accumulation of barnacles and other materials on marine vessels;

o● glow in the dark; o● prevent or reduce slipping;

o● prevent graffiti from adhering to a surface; and o● coat any surface with a chosen color.

Potential customers include hospitals, physician offices, schools, day care centers, marinas and other businesses and individuals.

The EIHC Technology

Materials used with the ~~Environmenatal Infrastructure Holdings, Corp. (“~~EIHC”) technology ~~(formerly~~system ~~XIOM Corp. “XIOM”) System~~ are produced from various formulas of plastic powders. The powder mixture is melted and projected onto a substrate via a mixture of air and flammable gases that produce the actual coating. The air, flammable gases and powder mixture are brought together through a specialized and patented gun with a flame nozzle where the powder material is melted and sprayed forward onto the surface to be coated. The gases and heated coating are cooled by the surface that it adheres to.

Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. The EIHC process operates differently. Although the EIHC system uses plastic powder, the powder is not electrostatically charged in order for it to adhere to a substrate. The XIOM system uses a different mechanism that simultaneously applies and fuses the powder to a substrate. The advantages of this process are that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, can be applied without the use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied to in a factory, using an oven.4

Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. The EIHC process operates differently. Although the EIHC system uses plastic powder, the powder is not electrostatically charged in order for it to adhere to a substrate. The EIHC system uses a different mechanism that simultaneously applies and fuses the powder to a substrate. The advantages of this process are that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, can be applied without the use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied to in a factory, using an oven.

The EIHC plastic spray technology is unique and has patents pending. The patents cover technology and processes to apply and deliver powder coatings through a specialized spray system that allows those coatings to be applied both on site and in a factory. The patents will last, upon issuance, for a period of 20 years, unless other patents are applied for. With the EIHC process, the on-site plastic powder coating process, coatings can be deposited on wood, steel, fiberglass, concrete and plastic – a variety of substrates not all available to traditional powder coating. The EIHC process is quick, does not use an expensive oven for curing and can be used both outside and inside a building.

The technology associated with the EIHC system was developed personally by two officers of EIHC. This technology was developed and enhanced over time with funding from contacts with the New York State Energy Research & Development Authority (“NYSERDA”). The refinements made to the technology pursuant to these contracts have resulted in the EIHC 1000 Thermal Spray system that is currently marketed for commercial sale.

History of the Technology

The history of applying polymer coatings dates back to the early 1950’s starting with the fluidized bed process and then in the 1960’s to the Electrostatic Powder Sprayer (“EPS”). Today EPS is the standard for applying organized polymer coatings. It is commonly referred to as “Powder Coating” which to those familiar with this process means EPS applied plastic powder coatings followed by oven curing at approximately 400 F, where melting and film formation takes place.

EPS is a large business today as polymer coatings, thermoplastic and thermoses are applied to a variety of substrates. They can be applied to cold surfaces before being cured to film thickness typically between 1 to 4 mils (50-200 microns). There are little Volatile Organic Compounds (“VOC”) and reduced Hazardous Air Pollutants (“HAP”). For these reasons, EPS has captured substantial business from the established liquid coating processes known as traditional painting.

The EIHC products contain no VOCs. There is a current trend by the EPA to ban VOCs from products sold to the public for safety and health purposes, but there is no guarantee that EIHC’s VOC-less products, although safer, will prove to be any more functionally effective than those alternative coating products such as paints that do have VOCs.

The traditional powder coating industry, directly competitive to the EIHC products, usually requires a large investment in ovens and production lines, sophisticated preparation and cleaning equipment, and in many cases operates with sophisticated in-line computerized production control systems to manage the powder coating process. The EIHC system is designed to do powder coating outside a traditional factory setting. The system enables a plastic coating to be directly sprayed onto a surface, contains no preparation equipment and requires no oven with which to cure powder coatings. The EIHC system has no computerized control whatsoever and, in fact, does not even use electricity but relies on air, propane and oxygen to achieve a coating result.

Traditional powder coaters who do coating inside a factory environment could possibly try to re-engineer their systems to compete directly with the EIHC systems. It would require them to manufacture smaller, more portable ovens as well as develop more portable production and control systems in order to compete with the EIHC systems on-site coating capability. In the event that enough traditional powder coaters alter their existing operations and create portable systems and ovens that could be mounted on mobile units equipped with power systems for operation, Extreme’s ability to sell mobile coating franchises could be compromised.

Unlike most painting systems, EIHC’s coatings have no dripping and overspray problems and absolutely no VOCs. EIHC materials cure instantly after being applied and no curing ovens are needed.

Due to the fact that the entire EIHC system weighs just 70 pounds, the system can be easily used onsite.

EIHC coatings can be applied at thicknesses from 3 mils up to 1 inch as compared to traditional powder coatings which usually vary from 1 to 4 mils thick. EIHC has asserted that thicker coatings generally give greater protection against corrosion than thin coatings, although it does not have definitive data to conclusively prove this assertion.

EPS applied plastic coatings are further characterized by their wide use in OEM and production applications for decorative purposes where appearance and durability are required. While there is some use of functional EPS coatings, by and large the vast majority of use is for decorative applications. Large numbers of relatively small components can best take advantage of the economic benefits from EPS powder processing thus conforming to the limits of batch processing and over size restrictions.

The ~~XIOM~~ EIHC Thermal Spray Technology

The ~~XIOM~~ EIHC powder spray process uses the rich history of EPS Powder Coatings but takes the technology a step further to meet the field requirements of on-site liquid painting, thus bridging the gap between “in house” EPS and “on-site” liquid painting developing a true portable on-site polymer coating system.

Two major advances account for EIHC’s coating technology:

First, the EIHC 1000 Therman Spray system is currently EIHC’s only equipment product for on-site portability. It permits spraying of relatively low melting point polymer powder without over heating and generation of combustion with no VOCs. High deposit rate and efficiency further characterize the EIHC 1000 system.

Second, EIHC plastic powders are designed specifically for Thermal Spraying. New materials technology utilizing multiplex combinations, blends, additives and composites, thus taking advantage of synergy and covalent bonding to produce exceptionally high adhesion to most substrates and functional properties heretofore not possible with polymers (plastic coatings). For instance, EIHC claims that it is the first to produce thermal sprayed polymer/zinc primer coats, which deliver very high quantities of zinc to the substrate for corrosion control. These polymer/zinc primer coatings not only bond securely to steel substrate, but they facilitate bonding of sprayed top coatings as well.

EIHC maintains that many EIHC powders are unique and therefore patentable, with patents pending. Substrates such as wood, plastic, masonry and fiberglass – not processable via EPS – are now readily sprayable with the EIHC 1000 system, along with steel, aluminum and non-ferrous substrates.

The new powder coatings properties produced with the EIHC 1000 system are manifested in the wide variety of applications both functional and decorative now solvable.

EIHC currently has approximately 20 varied material formulations to create spray coatings. The coating functionality includes any-corrosions: wear resistance, architectural, anti-foul, anti-microbial, anti-graffiti, glow-in-the-dark and grip and release. EIHC’s materials come in over 100 different colors. EIHC can mix ceramics and metals, if desired, for added wear, into its plastic coatings and can add anti-microbial formulations into the coatings. The system sprays eight pounds of plastic material an hour using different spray nozzles, allowing for both round patterns and up to a 9-inch fan spray pattern. The system is electrically controlled. The fuel system uses oxygen and propane with air as a cooling gas. Preparation of surfaces is the same as for painting. Since these are plastic coatings, all solids with no hollows and voids, they will last longer than paint-based coating systems and can be applied thick or thin.

The EIHC License

Extreme has entered into a Master License Agreement with EIHC pursuant to which Extreme has been granted an exclusive license in the contiguous states of the United States to establish franchises to market, use and sell EIHC’s coating products and equipment. The license expires in October 2026, subject to Extreme’s right to extend the license for ten successive three (3) year periods by providing EIHC written notice of the election to extend at least six months prior to the expiration of the then current term. Each party has the right to terminate the license agreement in the event of a breach by the other party which is not cured within 30 days of the receipt of written notice of the ~~breach,~~ ~~including in the case of a termination by EIHC, Extreme’s failure to establish ten franchises by December 31, 2009, and at least 10 franchises each year thereafter~~breach.

Extreme issued to EIHC an equity interest in Extreme in consideration of entering the license agreement. EIHC has agreed to sell EIHC products to Extreme’s franchisees; provided however, that neither Extreme nor its franchisees will be permitted to apply EIHC anti-microbial and/or anti-fouling coatings original equipment manufacturers, the U.S. government and its branches and agencies or certain “captive ships” for which applications are performed by ~~EIHCM~~ EIHC employees.

Limited Operating History

The Company cannot guarantee Extreme will be successful in its business operations. ~~Extreme’s~~The Company is in the development stage and its business is subject to the risks inherent in the establishment of a new business enterprise, including limited capital resources and the ability to find and finance suitable acquisition candidates. The Company is seeking equity and debt financing to provide the capital required to fund additional proposed acquisitions and its ongoing operations.

The Company can give no assurance that future financing will be available to the Company on acceptable terms. If financing is not available on satisfactory terms, the Company may be unable to continue, develop or expand the Extreme operations and may possibly cease operations totally. Equity financing could result in additional dilution to the Company’s shareholders.

Employees

As of ~~April~~ 15May 13, ~~2010~~2011, the Company had no employees except for ~~one~~two ~~individual~~individuals employed by Extreme. The Company believes that its relationship with the ~~employee~~ employees of Extreme is satisfactory. Neither the Company nor Extreme has suffered any labor problems since inception.

~~Subsequent Events~~ITEM 1A. RISK FACTORS.

~~Expiration of~~Disclosure ~~Letter~~under Item 1A is not required of ~~Intent~~smaller ~~with~~reporting ~~Cloudtech~~companies.

OnITEM ~~May 27, 2009, we entered into a Letter of Intent to acquire 100% of the issued and outstanding shares of Cloudtech Sensors, Inc~~1B. ~~(“Cloudtech”),~~UNRESOLVED anSTAFF early-stage developer of handheld detectors that can discover and identify hundreds of biological, chemical, environmental and radioactive agents, then wirelessly relay crucial data to command-and-control centers for instant analysis and responseCOMMENTS. ~~This Letter of Intent has expired and was not renewed by Extreme.~~

~~Acquisition of~~Disclosure ~~Assets~~under Item 1B is not required of ~~Relfectkote,~~smaller ~~Inc~~reporting companies.

OnITEM ~~March 11, 2010, Extreme Mobile Coatings Worldwide Corp~~2. ~~(the “Company”), entered into a Asset Purchase Agreement with Reflectkote, Inc~~ PROPERTIES., dated March 10, 2010, wherein Reflectkote, Inc, sold certain assets and liabilities to the Company, as set forth on the schedules to the Agreement, and whereby the Company assumed the Liabilities as set forth, as well as the obligation to issue 50,000,000 shares of common stock of the Company to the shareholders of Reflectkote, Inc. as a stock dividend, after the effectiveness of a Registration Statement on Form S-4. Reflectkote, Inc., has set a record date of April 15, 2010 for the stock dividend.

~~The Vice-President~~Extreme currently leases office and ~~Director~~warehouse ofspace ~~the~~in ~~Company~~Nicholasville, ~~James~~Kentucky, W.which ~~Zimbler~~it isutilizes ~~also~~as its corporate headquarters under a ~~Director of~~lease ~~Reflectkote,~~which ~~Inc~~expires in September 2011. The Company believes that these facilities are adequate and suitable for its current operations.

~~The assets~~ITEM ~~purchased include a permanently applied reflective coating that does not come off in the manner that reflective tape can and does~~3. ~~Reflectkote coatings~~ LEGAL ~~do not corrode and protect the surface applied to as well~~PROCEEDINGS. ~~Reflectkote is a plastic and glass combination prepared in a proprietary manner. The application can be done on site with various equipment manufactured by various vendors.~~

~~Clean Marine~~The ~~Letter~~liabilities that we acquired as part of ~~Intent~~the Asset Purchase Agreement with Reflectkote dated March 10, 2010 included a judgment from the SEC. Through communications with the SEC, we have determined that it is probable that we will be required to pay a judgment of approximately $50,000. This amount is an estimate made by us as of December 31, 2010. The exact amount of payment is contingent upon the approval of the SEC. This estimated amount has been recorded in the financial statements and related notes as of December 31, 2010, appearing elsewhere in this Annual Report.

OnITEM ~~March 12, 2010, the Registrant entered into a Letter of Intent, dated March 3, 2010, with Clean Marine, Inc~~4. REMOVED ~~whereby~~AND ~~the Registrant shall purchase 100% of the issued and outstanding common stock of Clean Marine, Inc~~RESERVED.~~, and its operating business known as Clean Air Today. The closing of the transaction will occur as promptly as practicable.~~

Clean Marine, Inc., DBA Clean Air Today is a contracting company, servicing commercial and residential, Hotel / Motel / Restaurants, the marine industry, the yacht industry, and also handles coatings, green cleaning solutions, HVAC systems and other services related to extreme mobile coating for restoration and the preservation of product and infrastructure. Clean Marine, as part of the Company will be working with an approved Florida State contractor for various coating applications, and expects to finalize an agreement for the coating of light poles throughout the state of Florida. Once this aspect is completed, Clean Marine, and the Company would seek to approach the State of Florida with many other coating applications, including the Department of Transportation.

Item 1A. Risk Factors

As a smaller reporting company we are not required to provide the information required by this item.

Item 1B. Unresolved Staff Comments.

As a smaller reporting company we are not required to provide the information required by this item.

Item 2. Properties

Extreme currently leases approximately 1,500 square feet of office space in Nicholasville, Kentucky, which it utilizes as its corporate headquarters under a lease, which expired in January 2009, and went to a month -to-month arrangement. The Company believes that these facilities are adequate and suitable for its current operations.

Item 3. Legal Proceedings

There is no past, pending or, to our knowledge, threatened litigation or administrative action which has or is expected by our management to have a material effect upon our business, financial condition or operations, including any litigation or action involving our officer, director or other key personnel.

Item 4. (Removed and Reserved)

PART II

~~Item~~ITEM 5. MARKET ~~Market~~FOR ~~for~~REGISTRANT’S ~~Common~~COMMON ~~Equity~~EQUITY, ~~Related~~RELATED ~~Stockholder~~STOCKHOLDER ~~Matters~~MATTERS ~~and Issuer~~AND ~~Purchases~~ISSUER ofPURCHASES ~~Equity~~OF ~~Securities~~EQUITY SECURITIES.Market

The Company’s common stock is quoted on the OTC Bulletin Board under the symbol “EMWW” since April 7, 2009. It traded under the symbol “EMOBF” from November 26, 2008 until April 6, 2009. From August 6, 2008 until November 25, 2008 it traded under the symbol “FMSLF.” There is currently a limited trading market for the ~~company~~Company’s ~~Common~~common ~~Stock~~stock with the price being very volatile, and few trades having been completed.

The following chart lists the range of high and low closing bid prices for shares of the Company’s ~~Common~~common ~~Stock~~stock for each quarterly period within the last two fiscal years. These prices are between dealers and do not include retail markups, markdowns or other fee and commissions, and may not represent actual transactions.

Fiscal Year 2008:

High Bid

Low Bid

High Ask

Low Ask

Fiscal Year 2009 (1):

High Bid

Low Bid

First Quarter

~~- 0 -~~51.00

- 0 -

~~- 0 -~~

Second Quarter

~~- 0 -~~12.00

~~- 0 -~~9.50

~~- 0 -~~

Third Quarter

~~- 0 -~~6.50

- 0 -.50

~~- 0 -~~

Fourth Quarter

14.0190

- 0 -.50

~~4.00~~

~~- 0 -~~

Fiscal Year 2010:

High Bid

Low Bid

First Quarter (1)

2.17

0.50

Second Quarter

0.93

0.12

Third Quarter

0.50

0.053

Fourth Quarter

0.50

0.015

Fiscal Year 2009:	High Bid		Low Bid		High Ask		Low Ask
First Quarter		0.51		- 0 -		3.00		- 0 -
Second Quarter (1)		0.12		0.095		0.7		0.005
Third Quarter		0.065		0.005		0.075		0.023
Fourth Quarter		0.049		0.005		0.03		0.008

(1) Taking into effect the reverse stock split effective May 19, 2010

1 Taking into effect a forward stock split effective April 7, 2009

Fiscal Year 2010:		High Bid				Low Bid				High Ask				Low Ask
First Quarter (2)			0.17				0.005				0.018				0.00098

2 Through February 28, 2010

Dividend Policy:

The Company has never declared or paid cash dividends on its common stock and anticipates that all future earnings will be retained for development of its business. The payment of any future dividends will be at the discretion of the Board of Directors and will depend upon, among other things, future earnings, capital requirements, the financial condition of the Company and general business conditions.

Securities authorized for issuance under equity compensation plans

On January 1027, 2010, the Company filed aan ~~Registration Statement on Form~~ S-8 ~~to cover~~registration astatement ~~total~~to ofregister 25250,000~~,000~~ shares of the Company’s common stock (post reverse stock split). The shares are to be issued pursuant to the ~~Extreme~~Company’s ~~Mobile Coatings Worldwide Corp.~~ 2010 Employee and Consultant Stock Plan.

General

We are authorized to issue 1,000,000,000 shares of ~~Common~~common ~~Stock~~stock, at a par value $0.0001 per share. As of ~~April~~May 1513, ~~2010~~2011, the latest practicable date, there are ~~271~~ 27,~~581~~359,~~572~~472 shares of common stock outstanding. The number of record holders of ~~Common~~common ~~Stock~~stock as of ~~April~~May 1513, ~~2010~~2011 is approximately ~~100~~140.

Common Stock

The holders of ~~Common~~common ~~Stock~~stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voting for the election of directors can elect all of the directors then up for election. The holders of ~~Common~~ ~~Stock~~common stock are entitled to receive ratably such dividends when, as and if declared by the Board of Directors out of funds legally available therefore. In the event we have a liquidation, dissolution or winding up, the holders of common ~~Stock~~stock are entitled to share ratably in all assets remaining which are available for distribution to them after payment of liabilities and after provision has been made for each class of stock, if any, having preference over the common ~~Stock~~stock. Holders of shares of ~~Common Stock~~common stock, as such, have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to the ~~Common~~common ~~Stock~~stock.

Dividend Policy

We have never paid any cash dividends and have no plans to do so in the foreseeable future. Our future dividend policy will be determined by our Board of Directors and will depend upon a number of factors, including our financial condition and performance, our cash needs and expansion plans, income tax consequences and the restrictions that applicable laws and other arrangements then impose.

Liquidation

In the event of a liquidation of the Company, all stockholders are entitled to a pro rata distribution after payment of any claims.

Stock Transfer Agent

We have engaged Manhattan Transfer Registrar Co. as our stock transfer agent. ~~Manhattan Transfer~~They ~~Registrar is~~ are located at 57 Eastwood Road, Miller Place, NY 11764.

Recent Sales of Unregistered Securities

~~On October 10, 2009, the Company issued 3,500,000 shares, bearing a restrictive legend, to Imperial Consulting Network in exchange for services provided to the Company~~None.

~~On February~~ITEM ~~4, 2010 and March 8, 2010, the Company issued shares of common stock in exchange for debt~~6. ~~The~~ SELECTED ~~Company~~FINANCIAL issued a promissory note to XIOM Corp. now known as Environmental Infrastructure Holdings Corp., in April 2008, pursuant to which the Company borrowed up to $150,000 from Environmental Infrastructure Holdings Corp. A payment of $35,000 was due to Environmental Infrastructure Holdings Corp. under the note in June 2008 but was not paid, and as of December 31, 2009, $158,500 was due under the note, which is due in full on April 28, 2010, and bears interest at a rate of 5% per annum. On November 14, 2009, EIHC issued a temporary amendment to the not allowing the the limit of the not to temporarily increasse from $150,000 to $158,000. Environmental Infrastructure Holdings Corp. thereupon transferred and assigned the total amount due to various entities for payment in 60 days. Thereupon the Company converted and issued a total of 21,700,000 shares of common stock to four entities, Downshire Capital Inc., Merlando International, Inc. Ouimet Consulting Inc. and Red Rock Marketing Media IncDATA

Disclosure under Item 6. ~~Selected~~is ~~Financial~~not ~~Data~~required of smaller reporting companies.

AsITEM ~~a smaller~~7. MANAGEMENT’S ~~reporting~~DISCUSSION ~~company~~AND weANALYSIS ~~are~~OF ~~not~~FINANCIAL ~~required~~CONDITION toAND ~~provide~~RESULTS ~~the~~OF ~~information required by this item.~~OPERATIONS

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

Forward-Looking Information

You should read the following discussion and analysis together with the Company’s audited financial statements and related notes appearing elsewhere in this Report. This discussion and analysis contains forward-looking statements that involve risks, uncertainties, and assumptions. The actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those presented under “ "Risk Factors”" or elsewhere in this Report.

1110

Overview

The Company was incorporated on July 28, 2004 to provide quality sports and event related content and services to the Middle Eastern Markets across the mobile phone network, and receive revenues through joint ventures and other licensing arrangements. The Company did not generate any revenues from these activities.

On September 16, 2008, the Company acquired all of the outstanding shares of Extreme Mobile Coatings, Inc. pursuant to the Share Exchange in which it issued an aggregate 13,505,085 ordinary shares in exchange for all of the outstanding shares of common stock of Extreme. Upon completion of the Share Exchange, the Company’s Board of Directors was reconstituted with designees of Extreme replacing the then current Board of Directors. Further, upon the completion of the Share Exchange, the Company abandoned its prior business plan, and the operations of Extreme acquired as a result of the Share Exchange became its sole line of business. The ordinary shares issued to the former shareholders of Extreme represented approximately 99% of the Company’s outstanding ordinary shares after giving effect to the Share Exchange, and, as a result, the Share Exchange transaction was accounted for as a reverse acquisition with Extreme as the acquiring party and Extreme Mobile Coatings Worldwide Corp. (then known as Falcon Media Services, Ltd.) as the acquired party. Accordingly, the historical financial information set forth in this report is that of Extreme unless the context otherwise requires.

Extreme is a successor to A&C Coatings, LLC, a Delaware limited liability company formed in February 2007 and converted under Delaware law to a Delaware corporation in January 2008. Extreme is a development stage company and has achieved only limited revenues to date. Extreme plans to offer franchise opportunities to operate mobile businesses that provide painting or coatings on various surfaces using a patented mobile system, which is licensed to Extreme by XIOM Corporation. These coatings can be applied to various industrial surfaces to help reduce microbe levels, reduce the accumulation of barnacles on marine vessels, and prevent slipping or prevent the adherence of graffiti, among other things. The potential customer base that Extreme has identified to which such coatings may be marketed includes hospitals and other health care facilities, schools, day care centers, marinas and the food service industry. Extreme also operates a mobile coating business in and around Nicholasville, Kentucky through which Extreme markets its products and services to potential customers directly.

Extreme plans to sell franchises in the states of Kentucky, Illinois, New York and California beginning in June ~~2009~~2010, or thereabout. Financial information pertaining to Extreme was included in the Form 8-K filed by the Company with the Securities and Exchange Commission on September 17, 2008. The Company has abandoned its original business plan and intends to operate Extreme as its sole line of business.

Limited Operating History

For the period from inception (~~February~~July 228, ~~2007~~2004) through December 31, ~~2009~~2010, Extreme had limited revenues of $1457,~~708~~363. ~~Expenses~~ Operating expenses for ~~the~~this period totaled $~~948~~4,~~496~~ 308,317 resulting in a loss from operations of $~~969~~4,~~788~~250,954. The franchise opportunities and services that Extreme plans to offer incorporate new concepts and technologies, and therefore, Extreme’s business plan is subject to the risks that are inherent in the development of any innovative product or service, such as the risk that the product will be found to be ineffective or uneconomical. Extreme is also subject to risks that are inherent in the establishment of any new business; including the risk that Extreme will be unable to raise sufficient capital to support its operations. Extreme may experience delays in marketing its franchise opportunities and services, or may not be capable of marketing its franchise opportunities and services at all. Extreme cannot guarantee that its business plan will be successful or that Extreme will be able to implement its business plan successfully.

1211

Results of Operations for the 12 Months Ended December 31, ~~2009~~2010 and December 31, ~~2008~~ 2009

The Company achieved limited revenues ~~during~~for ~~fiscal~~the year ended December 31, 2010 of $36,968 as compared to $14,708 for the year ended December 31, 2009. General and administrative expenses were $~~936~~315,~~824~~759 ~~during~~for the 12year ~~months~~ ended December 31, ~~2009~~ 2010 as compared to $~~394~~584,~~124~~203 ~~during~~for the 12year ~~months~~ ended December 31, ~~2008~~ 2009. The ~~increase~~decrease was primarily due to ana ~~increase~~decrease in professional and consulting fees paid or accrued by the Company. The Company incurred a net loss of $~~969~~7,~~788~~513,915 ~~during~~for the 12year ~~months~~ ended December 31, ~~2009~~ 2010 as compared to a net loss of $~~421~~969,~~617~~788 ~~during~~for the 12year ~~months~~ ended December 31, ~~2008~~ 2009. The increase in the net loss was directly related to the ~~increase~~ compensation recorded for issued stock options, the fair market value of common stock shares issued in ~~general~~excess of debt satisfied, the goodwill impairment write off, and ~~administrative~~consulting ~~expenses~~and ~~described~~professional ~~above~~fees paid by common stock issued.

Liquidity and Capital Resources

The Company had ~~only~~ $1,~~780~~290 of a cash balance as of December 31, ~~2009,~~2010 ~~and~~as ~~will~~compared ~~rely~~to on$1,780 ~~the business~~at ~~acquired~~December in31, ~~connection with the acquisition of Extreme to support future operations~~2009.

~~The Company~~Cash ~~has~~used ~~funded~~in ~~its~~operating ~~operations~~activities tofor ~~date~~the ~~through~~year ~~loans~~ended ~~and~~December ~~equity~~31, ~~contributions made~~2010 bywas ~~its~~$409,945. Cash ~~founders~~provided ~~and~~by ~~will~~financing ~~require~~activities ~~additional~~was ~~funds~~$409,455 tofor ~~begin~~the toyear ~~implement~~ended ~~its business~~December ~~plan~~31, 2010. The Company’s ~~need~~received ~~for~~additional ~~funds~~loans ~~will~~from ~~increase~~related asparties ~~the Company~~during ~~increases~~2010 ~~the~~to ~~scope~~fund ofthe ~~its~~loss ~~development~~for ~~and~~the ~~marketing~~year ~~activities~~ended ~~in Kentucky,~~December ~~Illinois~~31, ~~New York and California, and potentially in other markets~~2010.

InThe ~~March 2007, the~~ Company ~~obtained~~has aand ~~term~~continues ~~loan~~to ~~from~~fund ~~Central~~its ~~Bank~~operations ~~FSB~~ to ~~finance~~date ~~the purchase~~through ofloans ~~certain~~and ~~construction~~equity ~~equipment~~contributions ~~which~~made itby ~~intended to use in a business unrelated to~~ its ~~mobile~~founders ~~coating~~and ~~business. Extreme~~others isand ~~seeking to~~will ~~obtain~~require ~~clear~~additional ~~title~~funds to ~~the~~begin ~~equipment for the purpose of selling the equipment~~ to ~~recover~~implement ~~sufficient~~its ~~funds~~business ~~to repay the bank loan~~plan. AsThe ofCompany’s ~~December 31,~~need ~~2009,~~for ~~$222,012~~funds ~~was~~will ~~outstanding~~increase ~~under~~as the ~~loan,~~Company ~~which~~increases ~~is secured by all of~~ the ~~assets~~scope of ~~Extreme,~~its ~~including~~development ~~the~~and ~~equipment~~marketing ~~that~~activities ~~was~~in ~~the~~Kentucky, ~~subject of the transaction~~Illinois, asNew ~~well~~York asand ~~146~~California,~~705~~ ~~shares~~and ofpotentially ~~EIHC common stock. Certain Directors have also personally guaranteed the obligation. No assurance can be given that Extreme will be successful~~ in ~~obtaining~~other ~~clear title to the equipment or selling the equipment for a sufficient amount to fully repay the bank loan~~markets.

13In April 2008, Extreme issued a promissory note to EIHC pursuant to which Extreme may borrow up to $150,000 from EIHC. A payment of $35,000 was due to EIHC under the note in June 2008 but was not paid. As of December 31, 2009, $108,500 was due under the note, which was due in full on April 30, 2010, bears interest at a rate of 5% per annum. On February 12, 2010, the Company issued 110,000 shares of common stock (post reverse stock split) as a principal payment of $55,000 on the note. On March 4, 2010, the Company issued 107,000 shares of common stock (post reverse stock split) as a principal payment of $53,500 on the note and this note is now paid in full.

The Company plans to finance its capital needs primarily through the proceeds from the sale of debt and/or equity securities. In addition, in April 2008, Extreme issued a promissory note to EIHC Corp. pursuant to which Extreme may borrow up to $150,000 from EIHC. On November 14, 2009, EIHC issued a temporary amendment to the note allowing the limit of the not eto temporarily increase from $150,000 to $158,500. A payment of $35,000 was due to EIHC under the note in June 2008 but was not paid. As of December 31, 2009, $158,500 was due under the note, which was due in full on April 28, 2010, bears interest at a rate of 5% per annum and remains unpaid.

The Company’s working capital and capital requirements will depend on several factors, including the level of resources that Extreme devotes to the development and marketing of its franchise opportunities and services.

The financial statements of the Company are prepared on a going concern basis, which assumes that the entity will realize its assets and discharge its liabilities in the normal course of business. At December 31, ~~2009~~2010, the Company had a cash balance of $1,~~780~~290, a working capital deficit of $1592,~~264~~648,~~651,~~ a stockholders’ deficit of $1572,~~326,930~~045 and an outstanding balance of long-term debt of $~~138~~139,~~495~~804. The Company’s financial condition as of December 31, ~~2009~~ 2010 raises substantial doubt as to its ability to continue its normal business operations as a going concern. Our auditors included a “going concern” qualification in their auditors’ report for the year ended December 31, 2010. Such “going concern” qualification may make it more difficult for the Company to raise funds when needed. A failure to raise additional capital will have a material adverse effect on the Company’s business and profits.

During the quarterly period ended March 31, 2009, the Company entered into a verbal agreement with Aires Capital, Inc. whereby Aires Capital, Inc. agreed to perform introductory services related to capital formation activities. On February 5, 2009, the Company issued 300,000 shares of common stock, equivalent to a post forward stock split amount of 1,500,000 shares of common stock to Aires Capital, Inc. for such services. The services were valued at $50,000.

Off-Balance Sheet Arrangements

The Company is not a party to any off-balance sheet arrangements, and the Company does not engage in trading activities involving non-exchange traded contracts. In addition, the Company does not have any financial guarantees, debt or lease agreements or other arrangements that could trigger a requirement for an early payment or that could change the value of its assets.

~~Item~~ITEM 7A. ~~Quantitative~~QUANTITATIVE ~~and~~AND ~~Qualitative Disclosures~~QUALITATIVE ~~About~~DISCLOSURES ~~Market~~ABOUT ~~Risk~~MARKET RISK.

AsDisclosure ~~a smaller~~under ~~reporting~~Item ~~company~~7A weis ~~are~~ not required toof ~~provide~~smaller ~~the~~reporting ~~information required by this item~~companies.

1412

~~Item~~ITEM 8. FINANCIAL ~~Financial~~STATEMENTS ~~Statements~~AND ~~and~~SUPPLEMENTARY ~~Supplementary Data~~DATA.

~~Index to~~We ~~Financial~~set ~~Statements~~forth below a list of our financial statements included in this Annual Report on Form 10-K and their location.

CONTENTS

ITEM	PAGE *
Report of Independent Registered Public Accounting Firm		F-2
Consolidated Balance Sheets at December 31, 2010 and 2009		F-3
Consolidated Statements of Operations for the Years Ended December 31, 2010 and 2009, and Cumulative from Inception		F-4
Consolidated Statements of Changes in Stockholders’ Deficiency for the Periods from Inception through December 31, 2010		F-5
Consolidated Statements of Cash Flows for the Years Ended December 31, 2010 and 2009, and Cumulative from Inception		F-6
Notes to Consolidated Financial Statements		F-8

*Page F-1 follows page 24 to this Annual Report on Form 10-K.

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

INDEX TO FINANCIAL STATEMENTS

DECEMBER 31, 2009, AND 2008

Report of Registered Independent Auditors			F-2
Financial Statements-
Balance Sheets as of December 31, 2009, and 2008			F-3
Statements of Operations for the Years Ended
December 31, 2009, and 2008, and Cumulative from Inception			F-4
Statements of Stockholders’ Equity (Deficit) for the Periods
from Inception through December 31, 2009			F-5
Statements of Cash Flows for the Years Ended December 31, 2009,
and 2008, and Cumulative from Inception			F-6
Notes to Financial Statements December 31, 2009, and 2008			F-7

F-1

REPORT OF INDEPENDENT REGISTERED ~~INDEPENDENT~~PUBLIC ~~AUDITORS~~ACCOUNTING FIRM

To the Board of Directors and Stockholders

of Extreme Mobile Coatings Worldwide Corp.:

We have audited the accompanying balance sheets of Extreme Mobile Coatings Worldwide Corp. as of December 31, 2009, and 2008, and the related statements of operations, stockholders’ equity (deficit), and cash flows for each of the two years in the period ended 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 audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States of America). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the 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 control over financial reporting. Our audits included consideration of internal control 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 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 Extreme Mobile Coatings Worldwide Corp. as of December 31, 2009, and 2008, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2009, 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 2 to the financial statements, the Company has not established a significant source of revenues to cover its operating costs. As such, it has incurred an operating loss since inception. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plan regarding these matters is also described in Note 2 to the financial statements. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Respectfully submitted,

/s/ Davis Accounting Group P.C.

Cedar City, Utah,

April 14, 2010

F-2

~~EXTREME~~STRUCTURAL ~~MOBILE~~ENHANCEMENT ~~COATINGS~~TECHNOLOGIES ~~WORLDWIDE~~ CORP. ~~(A DEVELOPMENT STAGE COMPANY) BALANCE SHEETS (NOTE 2) AS OF DECEMBER 31, 2009, AND 2008~~

	2009			2008
ASSETS
Current Assets:
Cash in bank	$	1,780		$	1,749
Accounts receivable - Trade		1,675			3,026
Prepaid expenses - Consulting and rent		5,667			11,879
Total current assets		9,122			16,654
Property and Equipment:
Office and computer equipment		13,682			13,182
Trailer		34,200			34,200
		47,882			47,382
Less - Accumulated depreciation		(16,936	)		(6,574	)
Net property and equipment		30,946			40,808
Other Assets:
License agreement (net of accumulated amortization of $7,703 and $5,062,
in 2009 and 2008, respectively)		44,220			46,861
Trademark (net of accumulated amortization of $509 and $215 in 2009
and 2008, respectively)		1,050			776
Security deposit		-			3,330
Total other assets		45,270			50,967
Total Assets	$	85,338		$	108,429
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
Current Liabilities:
Current portion of bank loan	$	83,517		$	77,581
Accounts payable - Trade		134,146			144,466
Accrued liabilities		352,608			120,677
Due to related parties - Directors and stockholders		495,002			149,353
Promissory note - Environmental Infrastructure Holdings Corp. (formerly XIOM Corp.) - Related party		158,500			108,500
Short-term loan		50,000			-
Total current liabilities		1,273,773			600,577
Long-term Debt, less current portion:
Bank loan		138,495			217,615
Total long-term debt		138,495			217,615
Total liabilities		1,412,268			818,192
Commitments and Contingencies
Stockholders' (Deficit):
Common stock, $0.0001 par value, 1,000,000,000 shares
authorized; 214,509,350 and 179,146,850 shares issued
and outstanding in 2009, and 2008, respectively		21,451			17,915
Additional paid-in capital		468,972			119,887
(Deficit) accumulated during the development stage		(1,817,353	)		(847,565	)
Total stockholders' (deficit)		(1,326,930	)		(709,763	)
Total Liabilities and Stockholders' (Deficit)	$	85,338		$	108,429

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED BALANCE SHEETS (NOTE 3)

~~The accompanying~~DECEMBER ~~notes~~31, to2010 ~~financial~~AND ~~statements~~2009 ~~are~~(UNAUDITED)

an integral part of these balance sheets.

ASSETS
	2010			2009
Current Assets:
Cash	$	1,290		$	1,780
Accounts receivable		2,805			1,675
Prepaid expenses		80,000			5,667

Total current assets		84,095			9,122

Property and Equipment:
Office and computer equipment		13,682			13,682
Trailer		34,200			34,200

		47,882			47,882
Less: Accumulated depreciation		(26,312	)		(16,936	)

Net property and equipment		21,570			30,946

Other Assets:
License agreement, net of accumulated amortization of $10,344
and $7,703, respectively		41,579			44,220
Trademark, net of accumulated amortization of $869
and $509, respectively		690			1,050
Patents pending		5,000			-

Total other assets		47,269			45,270

Total Assets	$	152,934		$	85,338

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities:
Current portion of long-term debt	$	91,568		$	83,517
Accounts payable		162,314			134,146
Accrued liabilities		191,563			345,141
Due to related parties - directors, officers and stockholders		39,162			495,002
Promissory note - related party		-			108,500
Notes payable		150,000			100,000
Payroll and sales taxes payable		42,136			7,467

Total current liabilities		676,743			1,273,773

Long-Term Liabilities:
Long-term debt, net of current portion		48,236			138,495

Total long-term liabilities		48,236			138,495

Total liabilities		724,979			1,412,268

Commitments and Contingencies

Stockholders' Deficiency:
Common stock, $0.0001 par value; 1,000,000,000 shares authorized,
25,689,433 and 2,145,094 shares issued and outstanding, respectively		2,568			214
Additional paid-in capital		8,756,655			490,209
Deficit accumulated during the development stage		(9,331,268	)		(1,817,353	)

Total stockholders' deficiency		(572,045	)		(1,326,930	)

Total Liabilities and Stockholders' Deficiency	$	152,934		$	85,338

See accompanying notes to consolidated financial statements.

F-3

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP.

~~EXTREME MOBILE COATINGS WORLDWIDE CORP.~~ (A DEVELOPMENT STAGE COMPANY) ~~STATEMENTS OF OPERATIONS (NOTE 2) FOR THE YEARS ENDED DECEMBER 31, 2009, AND 2008, AND CUMULATIVE FROM INCEPTION (JULY 28, 2004) THROUGH DECEMBER 31, 2009~~

CONSOLIDATED STATEMENTS OF OPERATIONS (NOTE 3)

FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 (UNAUDITED), AND

	For the Years Ended						Cumulative
	December 31,						From
	2009			2008			Inception
Revenues	$	14,708		$	5,687		$	20,395
Expenses:
General and administrative		584,203			339,124			963,525
Professional fees paid by common stock		352,621			55,000			407,621
Depreciation and amortization		13,296			8,874			25,147
Total expenses		950,120			402,998			1,396,293
(Loss) from Operations		(935,412	)		(397,311	)		(1,375,898	)
Other Income (Expense):
Interest expense		(34,376	)		(28,637	)		(84,654	)
Loss on asset purchase agreement					-			(356,801	)
Total Other Income (Expense)		(34,376	)		(28,637	)		(441,455	)
Provision for Income Taxes		-			-			-
Net (Loss)	$	(969,788	)	$	(425,948	)	$	(1,817,353	)
(Loss) Per Common Share:
(Loss) per common share - Basic and Diluted	$	(0.01	)	$	(0.00	)
Weighted Average Number of Common Shares
Outstanding - Basic and Diluted		188,991,165			179,146,850

CUMULATIVE FROM INCEPTION (JULY 28, 2004) TO DECEMBER 31, 2010

The accompanying notes to financial statements are

	Years Ended						Cumulative
	December 31,						From
	2010			2009			Inception

Revenues	$	36,968		$	14,708		$	57,363

Expenses:
General and administrative		315,759			584,203			1,279,284
Compensation for issued stock options		1,226,625			-			1,226,625
Consulting and professional fees paid by common stock		1,357,263			352,621			1,764,884
Depreciation and amortization		12,377			13,296			37,524

Total expenses		2,912,024			950,120			4,308,317

Loss from Operations		(2,875,056	)		(935,412	)		(4,250,954	)

Other Income (Expense):
Interest expense		(68,950	)		(34,376	)		(153,604	)
Impairment of goodwill		(1,277,694	)		-			(1,277,694	)
Fair market value of shares issued in excess of debt satisfied		(3,292,215	)		-			(3,292,215	)
Loss on asset purchase agreement		-			-			(356,801	)

Total Other Income (Expense)		(4,638,859	)		(34,376	)		(5,080,314	)

Provision for Income Taxes		-			-			-

Net Loss	$	(7,513,915	)	$	(969,788	)	$	(9,331,268	)

Loss Per Common Share - Basic and Diluted:	$	(1.08	)	$	(0.51	)

Weighted Average Number of Common Shares
Outstanding - Basic and Diluted		6,936,428			1,889,912

~~an integral~~See ~~part~~accompanying ofnotes ~~these~~to consolidated financial statements.

F-4

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (NOTE 3)

~~EXTREME MOBILE COATINGS WORLDWIDE CORP. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIT) (NOTE 2)~~ FOR THE PERIODS FROM INCEPTION (JULY 28, 2004) ~~THROUGH~~TO DECEMBER 31, ~~2009~~2010

												Accumulated			(Deficit)
												Other			Accumulated
						Additional			Common			Comprehensive			During the
	Common Stock					Paid-in			Stock			Income			Development
Description	Shares		Amount			Capital			Subscribed			(Loss)			Stage			Totals
Balance - July 28, 2004		135,050,850	$	13,505		$	121,546		$	-		$	-		$	-		$	135,051
Common stock issued for cash		10		20			(18	)		-			-			-			2
Net (loss) for the period		-		-			-			-			-			(14,999	)		(14,999	)
Balance - July 31, 2004		135,050,860		13,525			121,528			-			-			(14,999	)		120,054
United Kingdom currency translation		-		-			-			-			1,104			-			1,104
Net (loss) for the period		-		-			-			-			-			(37,059	)		(37,059	)
Balance - July 31, 2005		135,050,860		13,525			121,528			-			1,104			(52,058	)		84,099
Common stock subscribed - 216,000 shares		-		-			-			1,080			-			-			1,080
United Kingdom currency translation		-		-			-			-			(1,256	)		-			(1,256	)
Net (loss) for the period		-		-			-			-			-			(15,054	)		(15,054	)
Balance July 31, 2006		135,050,860		13,525			121,528			1,080			(152	)		(67,112	)		68,869
United Kingdom currency translation		-		-			-			-			(1,922	)		-			(1,922	)
Net (loss) for the period		-		-			-			-			-			(16,548	)		(16,548	)
Balance - July 31, 2007		135,050,860		13,525			121,528			1,080			(2,074	)		(83,660	)		50,399
Change in par value of common stock		-		(20	)		20			-			-			-			-
Common stock issued for officer's compensation		12,629,990		1,263			-			-			-			-			1,263
Common stock issued for consulting services		31,250,000		3,125			136,875			-			-			-			140,000
Common stock subscribed - 216,000 Shares issued		216,000		22			1,058			(1,080	)		-			-			-
United Kingdom currency translation		-		-			-			-			2,484			-			2,484
Impact of recapitalization from reverse merger		-		-			(158,029	)		-			(410	)		83,660			(74,779	)
Net (loss) for the period		-		-			-			-			-			(421,617	)		(421,617	)
Balance - December 31, 2007		179,146,850		17,915			101,452			-			-			(421,617	)		(302,250	)
Foregiveness of related party loans		-		-			18,435			-			-			-			18,435
Net (loss) for the period		-		-			-			-			-			(425,948	)		(425,948	)
Balance - December 31, 2008		179,146,850		17,915			119,887			-			-			(847,565	)		(709,763	)
Common stock issued for professional services		35,362,500		3,536			349,085			-			-			-			352,621
Net (loss) for the period		-		-			-			-			-			(969,788	)		(969,788	)
Balance - December 31, 2009		214,509,350	$	21,451		$	468,972		$	-		$	-		$	(1,817,353	)	$	(1,326,930	)

(UNAUDITED)

The accompanying notes to financial statements are

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

Balance - July 28, 2004		1,350,508	$	135	$	134,916		$	-		$	-		$	-		$	135,051

Common stock issued for cash		1		-		2			-						-			2

Net loss for the period		-		-		-			-			-			(14,999	)		(14,999	)

Balance - July 31, 2004		1,350,509		135		134,918			-			-			(14,999	)		120,054

United Kingdom currency translation		-		-		-			-			1,104			-			1,104

Net loss for the period		-		-		-			-			-			(37,059	)		(37,059	)

Balance - July 31, 2005		1,350,509		135		134,918			-			1,104			(52,058	)		84,099

Common stock subscribed - 2,160 shares		-		-		-			1,080			-			-			1,080

United Kingdom currency translation		-		-		-			-			(1,256	)		-			(1,256	)

Net loss for the period		-		-		-			-			-			(15,054	)		(15,054	)

Balance July 31, 2006		1,350,509		135		134,918			1,080			(152	)		(67,112	)		68,869

United Kingdom currency translation		-		-		-			-			(1,922	)		-			(1,922	)

Net loss for the period		-		-		-			-			-			(16,548	)		(16,548	)

Balance - July 31, 2007		1,350,509		135		134,918			1,080			(2,074	)		(83,660	)		50,399

Common stock issued for officer's compensation		126,300		13		1,250			-			-			-			1,263

Common stock issued for consulting services		312,500		31		139,969			-			-			-			140,000

Common stock subscribed - 2,160 Shares issued		2,160		-		1,080			(1,080	)		-			-			-

United Kingdom currency translation		-		-		-			-			2,484			-			2,484

Impact of recapitalization from reverse merger		-		-		(158,029	)		-			(410	)		83,660			(74,779	)

Net loss for the period		-		-		-			-			-			(421,617	)		(421,617	)

Balance - December 31, 2007		1,791,469		179		119,188			-			-			(421,617	)		(302,250	)

Foregiveness of related party loans		-		-		18,435			-			-			-			18,435

Net loss for the period		-		-		-			-			-			(425,948	)		(425,948	)

Balance - December 31, 2008		1,791,469		179		137,623			-			-			(847,565	)		(709,763	)

Common stock issued for professional services		353,625		35		352,586			-			-			-			352,621
																		-
Net loss for the period		-		-		-			-			-			(969,788	)		(969,788	)

Balance - December 31, 2009		2,145,094		214		490,209			-			-			(1,817,353	)		(1,326,930	)

Common stock issued for consulting services		984,000		98		291,902			-			-			-			292,000

Common stock issued for employee, director, and officer compensation		47,500		5		94,995			-			-			-			95,000

Common stock issued for debt payments to stockholders		50,000		5		24,995			-			-			-			25,000

Common stock issued for debt payments		217,000		22		108,478			-			-			-			108,500

Common stock issued for cashless options exercised by director		72,223		7		(7	)		-			-			-			-

Common stock issued for asset purchase agreement with Reflectkote		500,000		50		455,950			-			-			-			456,000

Common stock issued for accounts payable payments		20,000		2		23,998			-			-			-			24,000

Common stock issued for debt payments to director and officer		800,000		80		399,920			-			-			-			400,000

Common stock issued for debt settlement agreements		53,616		5		18,670			-			-			-			18,675

Common stock issued for employment agreements		1,750,000		175		174,825			-			-			-			175,000

Common stock issued for debt conversion		10,000,000		1,000		3,999,000			-			-			-			4,000,000

Common stock issued for debt settlement, consulting services and
compensation for officers and directors		6,000,000		600		959,400			-			-			-			960,000

Common stock issued for debt settlement and consulting services		3,050,000		305		487,695			-			-			-			488,000

Stock based compensation for issued options		-		-		1,226,625			-			-			-			1,226,625

Net loss for the period		-		-		-			-			-			(7,513,915	)		(7,513,915	)

Balance - December 31, 2010		25,689,433	$	2,568	$	8,756,655		$	-		$	-		$	(9,331,268	)	$	(572,045	)

anSee ~~integral~~accompanying ~~part~~notes ofto ~~this statement~~consolidated financial statements.

F-5

~~EXTREME~~STRUCTURAL ~~MOBILE~~ENHANCEMENT ~~COATINGS~~TECHNOLOGIES ~~WORLDWIDE~~ CORP. (A DEVELOPMENT STAGE COMPANY) CONSOLIDATED STATEMENTS OF CASH FLOWS (NOTE 23) ~~FOR THE~~ YEARS ENDED DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED), AND CUMULATIVE FROM INCEPTION (JULY 28, 2004) ~~THROUGH~~TO DECEMBER 31, ~~2009~~2010

	For the Years Ended						Cumulative
	Years Ended						Cumulative
	December 31,						From
	2009			2008			Inception
	2010			2009			Inception
Operating Activities:
Cash Flows from Operating Activities:
Net (loss)	$	(969,788	)	$	(425,948	)	$	(1,817,353	)
Net loss	$	(7,513,915	)	$	(969,788	)	$	(9,331,268	)
Adjustments to reconcile net (loss) to net cash
Adjustments to reconcile net loss to net cash used in operating activities:
(used in) operating activities:
Depreciation and amortization		12,377			13,297			37,525
Depreciation and amortization		13,297			8,874			25,148
Loss on asset purchase agreement		-			-			356,801
Impact of recapitalization from reverse merger		-			-			54,797
Common stock issued for services and compensation		352,621			55,000			407,621
Stock-based compensation		1,226,625			-			1,226,625
Changes in net assets and liabilities-
Common stock issued for services and compensation		1,357,263			352,621			1,764,884
Accounts receivable - Trade		1,351			(3,026	)		(1,675	)
Impairment of goodwill		1,277,694			-			1,277,694
Prepaid expenses		6,212			61,454			(5,667	)
Fair market value of shares issued in excess of debt satisfied		3,292,215			-			3,292,215
Security deposit and other		3,330			(3,330	)		-
Changes in assets and liabilities:
Accounts payable - Trade		(10,320	)		76,966			134,146
Accounts receivable		(1,130	)		1,351			(2,805	)
Accrued liabilities		231,931			99,041			352,608
Prepaid expenses		5,667			6,212			-
Net Cash (Used in) Provided by Operating Activities		(371,366	)		(130,969	)		(493,574	)
Security deposit and other		-			3,330			-
Investing Activities:
Accounts payable		52,168			(10,320	)		186,314
Purchases of equipment		(500	)		(41,868	)		(47,882	)
Accrued liabilities		(153,578	)		231,931			199,030
Other current liabilities		34,669			-			34,669
Net Cash Used in Provided by Operating Activities		(409,945	)		(371,366	)		(903,519	)
Cash Flows from Investing Activities:
Purchases of equipment		-			(500	)		(47,882	)
Asset purchase agreement		-			-			(360,000	)
Partial repayment of purchase price - Asset purchase agreement		-			-			3,199
License agreement		-			-			(25,000	)
Trademark		~~(568~~-	)		-(568	)		(1,559	)
Net Cash (Used in) Investing Activities		(1,068	)		(41,868	)		(431,242	)
Net Cash Used in Investing Activities		-			(1,068	)		(431,242	)
Financing Activities:
Cash Flows from Financing Activities:
Proceeds from bank loan		-			-			400,000
Payments of principal on bank loan		(7382,~~184~~208	)		(6073,~~590~~184	)		(~~177~~260,~~988~~196	)
Issuance of common stock for cash		-			-			1,082
Proceeds from promissory note - Environmental Infrastructure
Proceeds from promissory note - related party		-			-			108,500
Holdings Corp. (formerly XIOM Corp.)		50,000			108,500			158,500
Proceeds from loans from unrelated party		-			-			7,675
Payments on loans from unrelated party		-			~~(7,675~~-	)		(7,675	)
Proceeds from loans from related parties - Directors and stockholders		359,149			124,214			508,502
Proceeds from loans from related parties - directors, officers and stockholders		441,838			359,149			950,340
Payments on loans from related parties - Directors and stockholders		(13,500	)		-			(13,500	)
Payments on loans from related parties - directors, officers and stockholders		(175	)		(13,500	)		(13,675	)
Proceeds from short-term loan		50,000			-100,000			50150,000
Net Cash Provided by Financing Activities		~~372~~409,~~465~~455			~~164~~372,~~449~~465			~~926~~1,~~596~~336,051
Net Increase (Decrease) in Cash		31(490	)		~~(8,388~~31	)		1,~~780~~290
Cash - Beginning of Period		1,~~749~~780			101,~~137~~749			-
Cash - End of Period	$	1,~~780~~290		$	1,~~749~~780		$	1,~~780~~290
		-
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for:
Interest	$	2847,~~526~~596		$	2728,~~269~~526		$	77125,~~436~~032
Income taxes	$	-		$	-		$	-

~~Supplemental Information~~See ofaccompanying ~~Noncash~~notes ~~Investing~~to ~~and~~consolidated ~~Financing~~financial ~~Activities:~~statements.

Effective February 2, 2007, the Company issued 45,119,260 shares of its common stock (post forward stock split) in connection with a master licensing agreement with Environmental Infrastructure Holdings Corp. (fka XIOM Corp.) valued at $26,923.

On September 16, 2008, the Company issued 6,138,670 shares of common stock (post forward stock split) for professional services valued at $55,000.

As part of the reverse merger transaction effected on September 16, 2008, former Directors and officers of the Company forgave the amount of $18,435 owed to them. The amount forgiven of $18,435 has been classified as additional paid-in capital in the accompanying statements of stockholders' equity (deficit).

On February 9, 2009, the Company issued 1,500,000 shares of common stock (post forward stock split) for professional services valued at $50,000.

On June 19, 2009, the Company issued 550,000 shares of common stock (post forward stock split) for professional services valued at $84,121.

On August 20, 2009, the Company issued 10,062,500 shares of common stock (post forward stock split) for professional services valued at $78,000.

On October 9, 2009, the Company issued 13,750,000 shares of common stock (post forward stock split) for professional services valued at $75,000.

On November 9, 2009, the Company issued 6,000,000 shares of common stock (post forward stock split) for professional services valued at $48,000.

On November 12, 2009, the Company issued 3,500,000 shares of common stock (post forward stock split) for professional services valued at $17,500.

The accompanying notes to financial statements are

an integral part of these statements.

F-6

EXTREME MOBILE COATINGS WORLDWIDE CORP.

Supplemental Information of Noncash Investing and Financing Activities:

	Effective February 2, 2007, the Company issued 45,119,260 shares of its common stock (post reverse stock split) in connection with a master licensing agreement with Environmental Infrastructure Holdings Corp. (fka XIOM Corp.) valued at $26,923.

	On September 16, 2008, the Company issued 6,139 shares of common stock (post reverse stock split) for professional services valued at $55,000.

	As part of the reverse merger transaction effected on September 16, 2008, former Directors and officers of the Company forgave the amount of $18,435 owed to them. The amount forgiven of $18,435 has been classified as additional paid-in capital in the accompanying statements of stockholders' equity (deficit).

	On February 9, 2009, the Company issued 15,000 shares of common stock (post reverse stock split) for professional services valued at $50,000.

	On June 19, 2009, the Company issued 5,500 shares of common stock (post reverse stock split) for professional services valued at $84,121.

	On August 20, 2009, the Company issued 100,625 shares of common stock (post reverse stock split) for professional services valued at $78,000.

	On October 9, 2009, the Company issued 137,500 shares of common stock (post reverse stock split) for professional services valued at $75,000.

	On November 9, 2009, the Company issued 60,000 shares of common stock (post reverse stock split) for professional services valued at $48,000.

	On November 12, 2009, the Company issued 35,000 shares of common stock (post reverse stock split) for professional services valued at $17,500.

	On January 22, 2010, the Company issued 80,000 shares of common stock (post reverse stock split) for consulting services valued at $40,000.

	On January 27, 2010, the Company issued 7,500 shares of common stock (post reverse stock split) as compensation for services valued at $75,000.

	On February 1, 2010, the Company issued 89,000 shares of common stock (post reverse stock split) for consulting services valued at $44,500.

	On February 1, 2010, the Company issued 50,000 shares of common stock (post reverse stock split) as payment on debt valued at $25,000.

	On February 1, 2010, the Company issued 40,000 shares of common stock (post reverse stock split) as compensation for services valued at $20,000.

	On February 12, 2010, the Company issued 110,000 shares of common stock (post reverse stock split) as payment on debt valued at $55,000.

	On February 25, 2010, the Company issued 15,000 shares of common stock (post reverse stock split) for consulting services valued at $7,500.

	On March 4, 2010, the Company issued 107,000 shares of common stock (post reverse stock split) as payment on debt valued at $53,500.

	On March 11, 2010, the Company issued 77,223 shares of common stock (post reverse stock split) on the exercision of 100,000 options valued at $82,000.

	On May 13, 2010, the Company issued 500,000 shares of common stock (post reverse stock split) under the Reflectkote asset purchase agreement valued at $456,000.

	On May 14, 2010, the Company issued 20,000 shares of common stock (post reverse stock split) as payment on a acounts payable debt valued at $24,000.

	On May 19, 2010, the Company issued 200,000 shares of common stock (post reverse stock split) for consulting services valued at $100,000.

	On May 19, 2010, the Company issued 800,000 shares of common stock (post reverse stock split) as payment on debt valued at $400,000.

	On May 10, 2010, the Company declared 1-for-100 reverse stock split of its common stock to the holders of record on that date, with an effective date of May 19, 2010.

	On July 23, 2010, the Company issued 100,000 shares of common stock (post reverse stock split) for consulting services valued at $50,000.

	On July 27, 2010, the Company issued 53,616 shares of common stock (post reverse stock split) as payment on debt valued at $18,675.

	On July 27, 2010, the Company issued 1,750,000 shares of common stock (post reverse stock split) for employment agreements valued at $175,000.

	On July 27, 2010, the Company issued 250,000 shares of common stock (post reverse stock split) for consulting services valued at $25,000.

	On July 27, 2010, the Company issued 250,000 shares of common stock (post reverse stock split) for consulting services valued at $25,000.

	On November 2, 2010, the Company issued 10,000,000 shares of common stock (post reverse stock split) as payment on debt valued at $4,000,000.

	On November 2, 2010, the Company issued 6,000,000 shares of common stock (post reverse stock split) for partial payment on debt, consulting, and professional services valued at $4,000,000.

	On November 2, 2010, the Company issued 3,050,000 shares of common stock (post reverse stock split) for consulting and professional services valued at $488,000.

~~(A DEVELOPMENT~~See ~~STAGE~~accompanying ~~COMPANY)~~notes to consolidated financial statements.

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2009, AND 2008

(1) Summary of Significant Accounting Policies

Basis of Presentation and Organization

Extreme Mobile Coatings Worldwide Corp. (“Extreme” or the “Company”) is a Delaware corporation in the development stage. The Company was incorporated under the laws of the United Kingdom as T&T Homes Limited on July 28, 2004. On November 25, 2004, the Company changed its name to Falcon Media Services, Ltd. On November 12, 2008, the Company changed its name to Extreme Mobile Coatings Corp., Ltd. Lastly, on March 2, 2009, the Company changed its name to Extreme Mobile Coatings Worldwide Corp. to better reflect the current business plan of the Company.

On September 16, 2008, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement #1”) with Extreme Mobile Coatings, Inc. (“EMC”), a Delaware corporation, and its stockholders pursuant to which the Company agreed to acquire 100 percent of outstanding shares of EMC in exchange for 135,050,850 shares of common stock (post forward stock split) of the Company. Originally, the business plan of the Company was to sell cellular phone content to joint venture partners within the Middle East. The cellular phone content that was to be offered throughout the Middle East included highlights of the Premier League’s football (American soccer) matches and other media. However, as of September 16, 2008, the Company discontinued this business plan to focus on establishing franchises to market, use, and sell coating products and equipment licensed from Environmental Infrastructure Holdings Corp. (“EIHC” and formerly XIOM Corp.) The accompanying financial statements of the Company were prepared from the accounts of the Company under the accrual basis of accounting.

Given that EMC is considered to have acquired Extreme by a reverse merger through the Share Exchange Agreement #1, and its former stockholders currently have voting control of Extreme, the accompanying financial statements and related disclosures in the notes to financial statements present the financial position as of December 31, 2009, and 2008, and the operations for the years ended December 31, 2009, and 2008, and cumulative from inception of EMC under the name of Extreme. The reverse merger has been recorded as a recapitalization of the Company, with the net assets of EMC and Extreme brought forward at their historical bases. The costs associated with the reverse merger have been expensed as incurred.

On March 2, 2009, the Company completed a second Share Exchange Agreement (the “Share Exchange Agreement #2”) between the Company, as Extreme Mobile Coatings Corp, Ltd. and Extreme Mobile Coatings Worldwide Corp., a newly formed Delaware corporation. The Share Exchange Agreement #2 was completed in order to change the domicile of the Company from the United Kingdom to the State of Delaware, the authorized common stock to 500,000,000 shares, par value $0.0001 per share, and the name of the Company from Extreme Mobile Coatings Corp. Ltd. to Extreme Mobile Coatings Worldwide Corp. The Company exchanged 179,146,850 shares of its common stock (post forward stock split) for a like number of shares of common stock of the newly formed Delaware Corporation. In addition, the Certificate of Incorporation of Extreme Mobile Coatings Worldwide Corp. became the Certificate of Incorporation of the Company.

F-7

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

(1) Organization and Business Description

Structural Enhancement Technologies Corp. (formerly Extreme Mobile Coatings Worldwide Corp.) (“Structural” or the “Company”) is a Delaware corporation in the development stage. The Company was incorporated under the laws of the United Kingdom as T&T Homes Limited on July 28, 2004. On November 25, 2004, the Company changed its name to Falcon Media Services, Ltd. On November 12, 2008, the Company changed its name to Extreme Mobile Coatings Corp., Ltd. On March 2, 2009, the Company changed its name to Extreme Mobile Coatings Worldwide Corp. Lastly, on May 19, 2010, the Company amended its name to Structural Enhancement Technologies Corp. to indicate the growing business plan of increasing in other areas of operations and coatings.

Given that EMC is considered to have acquired the Company by a reverse merger through the Share Exchange Agreement #1, and its former stockholders currently have voting control of the Company, the accompanying consolidated financial statements and related disclosures in the notes to consolidated financial statements present the financial position as of December 31, 2010 and 2009, and the operations for the years ended December 31, 2010 and 2009, and cumulative from inception of EMC under the name of Structural. The reverse merger has been recorded as a recapitalization of the Company, with the net assets of EMC and Structural brought forward at their historical bases. The costs associated with the reverse merger have been expensed as incurred.

On March 2, 2009, the Company completed a second Share Exchange Agreement (the “Share Exchange Agreement #2”) between the Company, as Extreme Mobile Coatings Corp, Ltd. and Extreme Mobile Coatings Worldwide Corp., a newly formed Delaware corporation. The Share Exchange Agreement #2 was completed in order to change the domicile of the Company from the United Kingdom to the State of Delaware, the authorized common stock to 500,000,000 shares, par value $0.0001 per share, and the name of the Company from Extreme Mobile Coatings Corp. Ltd. to Extreme Mobile Coatings Worldwide Corp. The Company exchanged 1,791,469 shares of its common stock (post reverse stock split) for a like number of shares of common stock of the newly formed Delaware Corporation. In addition, the Certificate of Incorporation of Extreme Mobile Coatings Worldwide Corp. became the Certificate of Incorporation of the Company.

Effective November 25, 2008, the Company effected a 2 for 1 forward split on its common stock. Effective March 12, 2009, the Company effected a 5 for 1 forward split on its common stock. Effective May 19, 2010, the Company effected a 1for 100 reverse split on its common stock. The accompanying consolidated financial statements have been retroactively adjusted to reflect these stock splits.

F-8

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009 (UNAUDITED)

(2) Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany balances and transactions have been properly eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the years ended December 31, 2010 and 2009, and cumulative from inception. Actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.

Concentration of Credit Risk

The Company maintained its cash account at one commercial bank. At certain times, bank balance may exceed coverage provided by the Federal Deposit Insurance Corporation. However due to the size and strength of the bank where the balance is held, such exposure to loss is considered minimal.

Property and Equipment

Property and equipment are recorded at historical cost. Minor additions and renewals are expensed in the year incurred. Major additions and renewals are capitalized and depreciated over their estimated useful lives. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is included in the results of operations for the respective period. The Company uses the straight-line method of depreciation. The estimated useful lives ~~for significant property and equipment categories~~ are as follows:

Computers and office equipment		5-10 years
	Office and computer equipment	5-10 years
Equipment and tools		5-7 years
	Trailer	5 years
Vehicles		5 years

Depreciation expense for the years ended December 31, 2010 and 2009 totaled $9,376 and $10,362, respectively.

F-9

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009 (UNAUDITED)

License Agreement

The Company capitalizes the costs incurred to acquire franchise rights. Such costs are amortized over the remaining useful life of the related rights of 19.6 years (see Note 34). Amortization expense for the years ended December 31, 2010 and 2009 totaled $2,641 and $2,641, respectively.

Trademark

The Company obtained a servicemark from the State of Kentucky effective December 26, 2007, and registered it with the U.S. Patent and Trademark Office. The servicemark covers the name “Extreme Mobile Coating.” The cost of obtaining the servicemark has been capitalized by the Company, and is being amortized over a period of five years. Amortization expense for the years ended December 31, 2010 and 2009 totaled $360 and $294, respectively.

Patents

The Company acquired two pending patents in the Asset Purchase Agreement with Reflectkote, Inc. (“Reflectkote”), dated March 10, 2010 (see Note 5). The cost of obtaining the patents has been capitalized by the Company, and will be amortized once the related patents are issued, and a useful life is determined.

Revenue Recognition

The Company recognizes revenues from the development and sale of franchises and licensed products and equipment. Revenues are recognized for financial reporting purposes when delivery has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by the customer, the fee is fixed or determinable, and collection of the related receivable is probable.

Impairment of Long-Lived Assets

The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. For the ~~nine~~years ~~months~~ ended December 31, ~~2009,~~ 2010 and ~~2008~~2009, no events or circumstances occurred for which an evaluation of the recoverability of long-lived assets was required.

F-8

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2009, AND 2008

Loss Per Common Share

Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted -average number of shares of common stock outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no dilutive financial instruments issued or outstanding for the ~~three~~years ~~months and nine months~~ ended December 31, ~~2009,~~ 2010 and ~~2008~~2009.

F-10

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009 (UNAUDITED)

Income Taxes

~~For~~The Company accounts for income taxes under the ~~period~~provisions ~~ended~~of ~~December~~Financial ~~31,~~Accounting ~~2007, and~~Standards ~~through~~Board’s ~~January~~(“FASB”) ~~25,~~Accounting ~~2008,~~Standards ~~EMC~~Codification ~~was~~(“ASC”) a740 ~~partnership~~“Income Tax”. ASC 740 requires the recognition of deferred tax assets and liabilities for ~~income~~the expected future tax ~~purposes~~ consequences of events that have been included in the financial statements or tax returns. ~~Income~~Under orthis ~~losses~~method, ~~from~~deferred ~~EMC~~tax ~~were~~assets ~~combined~~and ~~with~~liabilities are determined based on the ~~income~~differences between the financial statement carrying amounts and ~~expenses~~ tax bases of certain assets and liabilities using enacted tax rates in effect in the ~~members~~years ~~from~~in ~~other~~which ~~sources~~e differences are expected to reverse. The deferred tax assets and ~~reported~~liabilities inare classified according to the ~~members’ individual~~financial ~~federal~~statement classification of the assets and ~~state~~liabilities ~~income~~generating the differences. Valuation allowances are established when necessary to reduce deferred tax ~~returns~~assets to the amount expected to be realized. The Company has adopted the provisions of FASB ASC 740-10-05 “Accounting for Uncertainty in Income Taxes”. ~~EMC~~The ~~was~~ASC ~~not~~clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The ASC prescribes a ~~taxpaying~~ ~~entity~~recognition threshold and measurement attribute for ~~federal~~the financial statement recognition and ~~state~~measurement ~~income~~of a tax ~~purposes;~~position ~~therefore,~~taken noor ~~income~~ expected to be taken in a tax ~~expense~~return. The ~~was~~ASC ~~recorded~~provides guidance on de-recognition, classification, interest and penalties, accounting in ~~the~~interim ~~financial~~periods, ~~statements~~disclosure and transition. ~~Income~~At ofDecember ~~EMC was~~31, ~~taxed~~2010 toand 2009, the ~~members~~Company onhad ~~their~~no ~~respective~~material ~~income~~unrecognized tax ~~returns~~benefits.

~~Subsequent to~~Advertising January 25, 2008, EMC became a corporation for income tax purposes. As such, the Company and EMC account for income taxes pursuant to FASB Statement No. 109 (FASB ASC 704), “Accounting for Income Taxes” Under SFAS No. 109 (FASB ASC 704), deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.Costs

The Company expenses advertising costs as incurred and amounted to $4,643 and $6,882 for the years ended December 31, 2010 and 2009, respectively.

Fair Value of Financial Instruments

The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange. As of December 31, ~~2009,~~2010 and ~~December 31~~2009, ~~2008,~~ the carrying value of financial instruments approximated fair value due to the short-term maturity of these instruments.

~~Deferred Offering Costs~~Reclassifications

~~The Company~~Certain ~~defers~~items ashave ~~other~~been ~~assets~~reclassified ~~the~~in ~~direct~~2009 ~~incremental~~in ~~costs~~order ofto ~~raising~~be ~~capital until~~compatible ~~such~~with ~~time~~corresponding asamounts ~~the~~in ~~offering is completed. At~~ the ~~time~~consolidated offinancial ~~the completion~~statement ofpresentation ~~the offering, the costs are charged against the capital raised. Should the offering be terminated, deferred offering costs are charged to operations during the period~~ in ~~which the offering is terminated~~2010.

Concentration of Risk

As of December 31, 2009, and 2008, the Company maintained its cash account at one commercial bank. The balance in the account was subject to FDIC coverage.

F-9

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2009, AND 2008

Common Stock Registration Expenses

The Company considers incremental costs and expenses related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand, to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses are reflected in the accompanying consolidated financial statements as general and administrative expenses and are expensed as incurred.

Lease Obligations

All noncancellable leases with an initial term greater than one year are categorized as either capital leases or operating leases. Assets recorded under capital leases are amortized according to the methods employed for property and equipment or over the term of the related lease, if shorter.

Estimates

The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of December 31, 2009, and December 31, 2008, and revenues and expenses for the three months and nine months ended December 31, 2009, and 2008, and cumulative from inception. Actual results could differ from those estimates made by management.

(2) Development Stage Activities and Going Concern

Extreme is currently in the development stage, and the business plan of the Company is to establish franchises to market, use, and sell coating products and equipment licensed from EIHC. Initial activities of the Company through December 31, 2009, include organization and incorporation, target market identification, marketing plans, entering into a licensing agreement, a reverse merger with EMC, and other capital formation activities.

While the management of the Company believes that the Company will be successful in its capital formation and operating activities, there can be no assurance that it will be able to raise additional equity capital, or be able to generate sufficient revenues to sustain its operations. The Company also intends to conduct additional capital formation activities through the issuance of its common stock to establish sufficient working capital and to commence operations.

The accompanying financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred an operating loss since inception and the cash resources of the Company are insufficient to meet its planned business objectives. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

F-10

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2009, AND 2008

(3) Master License Agreement

On October 25, 2006, the Company entered into a Master License Agreement (the “License Agreement”) with EIHC, a related party Delaware corporation. EIHC develops, manufacturers, markets, and sells certain products, including spray-on coating materials and equipment. Through the License Agreement, the Company is granted the exclusive right to establish franchises, sell franchise rights, and assign certain rights to franchisees in the contiguous states of the United States of America. The License Agreement expires in the year 2026. EMC has the option to extend the License Agreement for 10 successive three-year periods. The cost of obtaining the License Agreement amounted to $51,923, and is being amortized over a period of 19.6 years. The Company issued 45,119,260 shares of its common stock (post forward stock split), valued at $26,923 in exchange for the License Agreement, and incurred $25,000 in legal fees.

(4) Asset Purchase Agreement

On March 5, 2007, EMC entered into a non-binding Letter of Intent with SABA Contracting, Inc. (“SABA”), an unrelated New York corporation, to purchase certain construction equipment and vehicles (the “SABA Equipment”) for $360,000. Under the terms of the Letter of Intent, the parties agreed that the transaction was to be evidenced by a written Purchase and Sale of Equipment Agreement (the “Asset Purchase Agreement”) which was to be signed at the closing of the transaction. In order to complete the acquisition of the SABA Equipment, EMC obtained a term loan from Central Bank FSB, of Nicholasville, KY in the amount of $400,000 (see Note 6). EMC, in good faith, provided proceeds of $360,000 from the bank loan to SABA before the closing of the transaction which was used to pay off SABA’s equipment-related debt of $60,000 and purchase the SABA Equipment. EMC also advanced an additional $18,200 to SABA in connection with the transaction, and SABA agreed to provide the funds to pay three payments on the Bank Loan totaling $25,519. The parties were not able to evidence the transaction under the terms of the Letter of Intent with an Asset Purchase Agreement, and the transaction was never closed. EMC is seeking to obtain clear title to the SABA Equipment for the purpose of selling the equipment to recover sufficient funds to repay the bank loan. There can be no assurance that EMC will be successful in either obtaining clear title to the SABA Equipment, or selling the SABA Equipment for a sufficient amount to fully repay the bank loan. During the year ended December 31, 2007, EMC wrote off $356,801 related to the transaction. As of December 31, 2009, and 2008, the Company owed $222,012, and $295,196, respectively, on the loan from Central Bank FSG related to the Asset Purchase Agreement.

F-11

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

AsRecent ~~part of~~Accounting the reverse merger transaction effected on September 16, 2008, former Directors and officers of the Company forgave the amount of $18,435 owed to them. The amount forgiven of $18,435 has been classified as additional paid-in capital in the accompanying financial statements.Pronouncements

AsManagement ~~of December~~does ~~31,~~not ~~2009,~~believe ~~and~~that ~~2008,~~any ~~the~~recently ~~Company~~issued, ~~owed~~but tonot ~~Directors~~yet ~~and~~effective, ~~stockholders~~accounting ~~of the~~standard ~~Company~~if ~~$495,002~~currently ~~and~~adopted ~~$149,353,~~would ~~respectively,~~have ~~for~~a ~~various~~material ~~working~~effect ~~capital loans~~on ~~received during~~ the ~~period. The~~accompanying ~~loans~~consolidated ~~are~~financial ~~unsecured, non-interest bearing, and have no terms for repayment~~statements.

~~On April 28, 2008, EMC entered into a promissory note~~ (~~the “Note”~~3) Development ~~with~~Stage ~~EIHC,~~Activities a stockholder of the Company. Per the terms of the Note, EMC may borrow up to $150,000 from EIHC, at an annual interest rate of 5 percent. An initial repayment of $35,000 under the Note was due on June 28, 2008, but was not paid by EMC. The remaining amount of the Note was to be paid by the Company by April 28, 2009. On April 20, 2009, Extreme extended the promissory note with EIHC to April 30, 2010. On November 14, 2009, EIHC issued a temporary amendment to the note allowing the limit of the note to temporarily increase from $150,000 to $158,500. As of December 31, 2009, and ~~2008,~~Going ~~$158,500, and $108,500, respectively, had been borrowed from EIHC under the terms of the Note.~~Concern

~~(6) Income Taxes~~The Company is currently in the development stage, and the business plan of the Company is to establish franchises to market, use, and sell coating products and equipment licensed from EIHC. Initial activities of the Company through December 31, 2010, include organization and incorporation, target market identification, marketing plans, entering into a licensing agreement, a reverse merger with EMC, and other capital formation activities.

~~The provision~~While ~~(benefit)~~the ~~for~~management ~~income~~of ~~taxes~~the ~~for~~Company believes that the ~~nine~~Company ~~months~~will ~~ended~~be ~~December~~successful 31in its capital formation and operating activities, ~~2009~~ there can be no assurance that it will be able to raise additional equity capital, ~~and~~or ~~2008~~be ~~were~~able asto ~~follows~~generate ~~(assuming~~sufficient arevenues 23to sustain its operations.7 The ~~percent~~Company ~~effective~~also ~~tax rate):~~intends to conduct additional capital formation activities through the issuance of its common stock to establish sufficient working capital and to commence operations.

	Years Ended
	December 31,
	2009			2008
Federal and state-
Taxable income	$	-		$	-
Total current tax provision	$	-		$	-
Federal and state-
Loss carryforwards	$	229,840		$	100,950
Change in valuation allowance		(229,840	)		(100,950	)
Total deferred tax provision	$	-		$	-

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. However, the Company has incurred operating losses since inception and the cash resources of the Company are insufficient to meet its planned business objectives. At December 31, 2010, the Company had stockholders’ and working capital deficiencies of $572,045 and $592,648, respectively. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~The Company~~(4) Master ~~had~~License ~~deferred income tax assets as of December 31, 2009, and 2008, as follows:~~Agreement

	2009			2008
Loss carryforwards	$	330,790		$	100,950
Less - Valuation allowance		(330,790	)		(100,950	)
Total net deferred tax assets	$	-		$	-

On October 25, 2006, the Company entered into a Master License Agreement (the “License Agreement”) with XIOM Corp. (XIOM”), a then related party Delaware corporation. XIOM develops, manufacturers, markets, and sells certain products, including spray-on coating materials and equipment. Through the License Agreement, the Company is granted the exclusive right to establish franchises, sell franchise rights, and assign certain rights to franchisees in the contiguous states of the United States of America. The License Agreement expires in the year 2026. EMC has the option to extend the License Agreement for 10 successive three-year periods. The cost of obtaining the License Agreement amounted to $51,923, and is being amortized over a period of 19.6 years. The Company issued 451,193 shares of its common stock (post reverse stock split), valued at $26,923 in exchange for the License Agreement, and incurred $25,000 in legal fees.

On March 25, 2011, XIOM filed a voluntary petition in the United States Bankruptcy Court (District of Delaware) under Chapter 7 of the United States Bankruptcy Code requesting liquidation of the assets and liabilities of XIOM.

F-12

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

As(5) Asset ~~of December~~Purchase 31, 2009, and December 31, 2008, the Company had approximately $1,395,736 and $425,948 in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and expire in the year 2028.Agreements

On March 5, 2007, EMC entered into a non-binding Letter of Intent with SABA Contracting, Inc. (7“SABA”) ~~Long-~~, an unrelated New York corporation, to purchase certain construction equipment and vehicles (the “SABA Equipment”) for $360,000. Under the terms of the Letter of Intent, the parties agreed that the transaction was to be evidenced by a written Purchase and Sale of Equipment Agreement (the “Asset Purchase Agreement”) which was to be signed at the closing of the transaction. In order to complete the acquisition of the SABA Equipment, EMC obtained a term ~~Debt~~ loan from Central Bank FSB, of Nicholasville, KY in the amount of $400,000 (see Note 8). The Company, in good faith, provided proceeds of $360,000 from the bank loan to SABA before the closing of the transaction which was used to pay off SABA’s equipment-related debt of $60,000 and ~~Lease~~purchase the SABA Equipment. The Company also advanced an additional $18,200 to SABA in connection with the transaction, and SABA agreed to provide the funds to pay three payments on the Bank Loan totaling $25,519. The parties were not able to evidence the transaction under the terms of the Letter of Intent with an Asset Purchase Agreement, and the transaction was never closed. The Company is seeking to obtain clear title to the SABA Equipment for the purpose of selling the equipment to recover sufficient funds to repay the bank loan. There can be no assurance that the Company will be successful in either obtaining clear title to the SABA Equipment, or selling the SABA Equipment for a sufficient amount to fully repay the bank loan. As of December 31, 2010 and 2009, the Company owed $139,804 and $222,012, respectively, on the loan from Central Bank FSG related to the Asset Purchase Agreement.

~~Operating Leases~~On March 11, 2010, the Company entered into an Asset Purchase Agreement with Reflectkote, Inc. (“Reflectkote”), dated March 10, 2010, wherein Reflectkote sold certain assets to the Company, and the Company assumed certain liabilities, as well as the obligation to issue 500,000 shares of restricted common stock of the Company (post reverse stock split) to the stockholders of Reflectkote. The former Vice-President and Director of the Company, James W. Zimbler, is also a director of Reflectkote, Inc. The assets purchased include pending patents for a permanently applied reflective coating that does not come off in the manner that reflective tape can. Reflectkote coatings do not corrode and protects the surface it’s applied to. The agreement was closed on May 13, 2010 when the 500,000 shares of restricted common stock of the Company (post reverse stock split) were issued to the stockholders of Reflectkote. The total value of the transaction was $1,282,694, with $5,000 allocated for a patent and the balance allocated to goodwill in the amount of $1,277,694. As consideration for this transaction, the Company assumed liabilities of $826,693 (see Note 8) and the restricted common stock with a value of $456,000.

~~The~~ As of December 31, 2010, the Company ~~currently~~determined ~~has~~that anthe ~~operating~~goodwill ~~lease~~recorded ~~commitment~~as ~~for~~part ~~office~~of ~~space~~Reflectkote ~~with~~transaction ~~an unrelated~~was ~~party~~substantially ~~for~~impaired ~~the~~as ~~period~~a result of 12the ~~months~~XIOM bankruptcy. ~~The~~ ~~operating~~This ~~lease period~~bankruptcy ~~was~~severely ~~from~~limited ~~February~~the 1,Company’s ~~2007,~~ability ~~through~~to ~~January~~obtain ~~31,~~the ~~2008~~equipment and blended powder required to be used in the patented coating process. As such, atthe anentire ~~annual~~goodwill ~~lease obligation~~balance of $91,~~000. In 2008~~277,694 ~~the~~has ~~Company~~been ~~extended~~reserved ~~the~~with ~~lease agreement~~a ~~for~~corresponding anamount ~~additional~~expensed 12and ~~months,~~separately ~~which~~disclosed ~~then~~in ~~went~~Other toIncome a(Expense) ~~month-to-month~~on ~~lease arrangement~~the Consolidated Statements of Operations.

In January of 2008, the Company entered into an operating lease agreement with an unrelated party for office space in the state of New York. The lease period is from January 15, 2008, through January 14, 2010, at an annual lease obligation of $19,980. The lease agreement also required that the Company place a security deposit of $3,330 with the lessor. The Company terminated the lease agreement at the beginning of January 2009.

Long-term Debt

The Company obtained a bank loan for $400,000 on April 17, 2007, and used $360,000 of the proceeds from the loan to fund the acquisition of the SABA Equipment. The bank loan has the following terms:

Collateral for the loan consists of all assets of the Company (including the SABA Equipment), 146,785 shares of common stock of EIHC (a related party) and personal guarantees from Messrs. Charles Woodward, Andrew Mazzone, and James Zimbler, Directors of the Company, (who also represent entities that are stockholders of the Company).

	As of December 31,
	2009			2008
Bank loan, monthly payments through April 17, 2012;
interest at 8.50% per annum; secured	$	222,012		$	295,196
Promissory note, due on April 28, 2010, interest at
5.0% per annum; unsecured		158,500			108,500
		380,512			403,696
Less - Current portion		(242,017	)		(186,081	)
Long-term portion	$	138,495		$	217,615

F-13

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

For Year Ending December 31,	Amount
2010	$	242,017
2011		83,736
2012		54,759
Total	$	380,512

(6) Related Party Transactions

As of December 31, 2010 and 2009, the Company owed to directors, officers and stockholders of the Company $4,162 and $495,002, respectively. The amounts are unsecured, non-interest bearing, and have no terms for repayment. In November 2010, the amount owed to the directors, officers and stockholders was repaid as part of the 6,000,000 shares of restricted common stock issued at that time (~~8) Common~~see ~~Stock~~Note 9).

On ~~June 27~~May 20, ~~2004~~2010, the President of the Company’s ~~issued~~wholly-owned ~~ten~~subsidiary loaned $35,000 and received a promissory note from the Company with an annual interest rate of 8%. The note has a term of six months, at which then principal and accrued interest is due and payable. The note can be prepaid at any time and from time to time at par and accrued interest. The principal and interest of the note is also convertible to 100,000 shares of the Company’s common stock (post ~~forward~~reverse stock split) toat athe ~~Director~~end of the ~~Company~~six-month ~~valued~~term at athe ~~price~~designation of the holder. As of December 31, 2010, $035,000 of principal and $1,730 of accrued interest is due and payable to the note holder.20 ~~per~~Interest ~~share~~expense related to this loan was $1,730 for ~~cash~~ the year ended December 31, 2010.

On ~~December~~ 13April 28, ~~2005~~2008, the Company ~~commenced~~entered into a ~~capital~~promissory ~~formation~~note ~~activity~~with ~~through~~XIOM, a ~~Private~~ ~~Placement~~stockholder ~~Offering~~of ~~(“PPO”),~~the ~~exempt~~Company. ~~from~~Per ~~registration under~~ the ~~Securities~~ ~~Act~~terms of ~~1933,~~the toNote ~~issue~~(as upamended toNovember ~~216~~14,~~000~~ ~~shares~~2009), ofthe ~~its~~Company ~~common~~was ~~stock~~able ~~(post forward~~borrow ~~stock~~up ~~split)~~to $158,500 from XIOM, at an ~~offering~~annual ~~price~~interest rate of $05%.~~005~~ ~~per~~On ~~share~~February ~~for~~12, ~~total~~2010, ~~proceeds of~~the $1Company issued 110,~~080. The~~000 ~~PPO~~shares ~~was~~of ~~closed~~restricted oncommon ~~May~~stock 6,(post ~~2006,~~reverse ~~and~~stock ~~proceeds~~split) ~~amounted~~ to XIOM as a principal repayment of $155,~~080. Because~~000 on the ~~authorized~~note. ~~common~~On ~~stock~~March of4, 2010, the Company ~~was insufficient~~issued atan ~~the~~additional ~~time~~107,000 shares of ~~the~~restricted ~~completion~~common ofstock ~~the~~(post ~~PPO,~~reverse ~~the~~ stock ~~certificates related~~split) ~~thereto~~to ~~were~~XIOM ~~not~~as ~~issued~~a ~~until~~principal ~~December~~payment 26of $53,500 ~~2007~~on the note.

~~On December 26, 2007, the Company issued 12,629,990 shares of common stock~~ (~~post forward stock split~~7), Income ~~par value $0.0001, to its sole Director and officer for services rendered, at an offering price of $0.0001 per share for total value of $1,263.~~Taxes

The ~~Company~~ ~~entered~~provision ~~into a one-year Consulting Agreement on December 1, 2007, with Kingsgate Development, Ltd.~~ (~~a British Virgin Islands Corporation and “Kingsgate”~~benefit) ~~whereby~~for ~~Kingsgate~~income ~~agreed~~taxes tofor ~~assist~~ the ~~Company~~years inended ~~becoming~~December ~~publicly traded~~31, by2010 ~~utilizing its skills~~ and by2009 ~~bearing~~are upas ~~to $90~~follows,~~000~~ ofassuming ~~registration costs~~a oncombined ~~behalf~~effective oftax ~~the~~rate ~~Company. In exchange for its services, Kingsgate was issued 20,000,000 shares~~ of ~~common~~approximately ~~stock (post forward stock split) for a value of $90,000 or $0.0045 per share to satisfy this obligation. The Company issued the shares to Kingsgate on December 26, 2007.~~40%:

~~On December~~Balance 1,Sheet: ~~2007,~~December ~~the Company entered into a one-year Consulting Agreement with Eastern Glow Investments~~31, ~~Ltd,~~2010 (aTax ~~British~~Rate Virgin Islands Corporation and “Eastern Glow”) whereby Eastern Glow agreed to assist the Company in becoming publicly traded, by utilizing its skills on behalf of the Company as well as a commitment to loan to the Company up to a maximum of $50,000, at the Libor interest rate plus 2.5 percent for the marketing plan of the Company. In exchange for its services, Eastern Glow was issued 11,250,000 shares of common stock of the Company (post forward stock split) at $0.0044 per share to satisfy this obligation. The Company issued the shares to Eastern Glow on December 26, 2007.23%

Effective September 16, 2008, the Company entered into a Share Exchange with the shareholders of EMC, whereby the Company acquired all of the issued and outstanding capital stock of EMC (135,050,850 shares) in exchange for 135,050,850 shares of common stock (post forward stock split) of the Company. The common stock of the Company has a par value of $0.0001 per share. As a result of the Share Exchange, the stockholders of EMC control the Company, and EMC has been determined to have effected a reverse merger for financial reporting purposes as of the date of the Share Exchange. The reverse merger has been recorded as a recapitalization of the Company, with the net assets of the Company and EMC brought forward at their historical bases. In connection with the issuance of 135,050,850 shares of common stock, 613,867 of such shares were issued for professional services valued at $55,000.

	Years Ended
	December 31,
	2010			2009
Federal and state-
Taxable income	$	-		$	-

Total current tax provision	$	-		$	-

Federal and state-
Loss carryforwards	$	3,005,566		$	387,915
Change in valuation allowance		(3,005,566	)		(387,915	)

F-14

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

~~In February~~The ~~2009, the~~ Company ~~entered~~had ~~into~~deferred aincome ~~verbal~~tax ~~agreement~~assets ~~with~~as ~~Aires~~of ~~Capital, Inc.~~December ~~whereby Aires Capital~~31, ~~Inc.~~2010 ~~agreed~~and ~~to perform introductory services related to capital formation activities. On February 9,~~ 2009, ~~the~~as ~~Company issued 1,500,000 shares of common stock (post forward stock split) to Aires Capital, Inc. for such services. The services were valued at $50,000.~~follows:

On March 2, 2009, the Company completed a second Share Exchange Agreement (the “Share Exchange Agreement #2”) between the Company, as Extreme Mobile Coatings Corp, Ltd. and Extreme Mobile Coatings Worldwide Corp., a newly formed Delaware corporation. The Share Exchange Agreement #2 was completed in order to change the domicile the Company from the United Kingdom to the State of Delaware, the authorized common stock to 500,000,000 shares, par value $0.0001 per share, and the name of the Company from Extreme Mobile Coatings Corp. Ltd. to Extreme Mobile Coatings Worldwide Corp. The Company exchanged 179,146,850 shares of its common stock (post forward stock split) for a like number of shares of the newly formed Delaware corporation. In addition, the Certificate of Incorporation of Extreme Mobile Coatings Worldwide Corp. became the Certificate of Incorporation of the Company.

	2010			2009
Loss carryforwards	$	3,563,860		$	558,294
Less - Valuation allowance		(3,563,860	)		(558,294	)

Total net deferred tax assets	$	-		$	-

The ~~Share Exchange~~Company ~~Agreement #2~~ has ~~been~~provided ~~treated as~~ a ~~reverse~~full ~~merger. The reverse~~valuation ~~merger~~allowance ~~has~~against ~~been~~the ~~recorded~~total ~~as a recapitalization~~ of the ~~Company,~~net ~~with~~deferred ~~the net~~tax assets offor ~~Extreme~~the ~~Mobile~~years ~~Coatings~~ended ~~Corp.~~December ~~Ltd.~~31, 2010 and ~~Extreme~~2009 ~~Mobile~~due ~~Coatings Worldwide~~to ~~Corp. brought forward at their historical bases. The costs associated with~~ the ~~reverse~~uncertainty ~~merger~~of ~~have~~future ~~been expensed as incurred~~realization.

OnAs ~~March 2, 2009, the Company declared a 5-for-1 forward stock split~~ of ~~its~~December ~~issued~~31, 2010 and ~~outstanding~~ ~~common~~2009, ~~stock to~~ the ~~holders~~Company ofhas ~~record~~net onoperating ~~that~~loss ~~date. Such forward~~carry ~~stock~~forwards ~~split was effective as~~ of ~~March~~approximately 12$8,909,651 ~~2009. The accompanying financial statements~~ and ~~related~~$1,395,736, ~~notes~~respectively, ~~thereto~~which ~~have~~expire ~~been~~in ~~adjusted accordingly~~2028 tothrough ~~reflect this forward stock split~~2030.

~~On June 19, 2009, the Company issued 550,000 shares of common stock~~ (~~post forward stock split~~8) Notes ~~for~~Payable ~~professional~~and ~~services~~Long-term ~~valued at $84,121.~~Debt

OnNotes ~~August 20,~~Payable ~~2009,~~and ~~the~~Long-term ~~Company~~debt ~~issued~~at 10December 31,~~062,500~~ ~~shares~~2010 ofand ~~common~~2009 ~~stock~~consists ~~(post~~of ~~forward stock~~the ~~split) for professional services valued at $78,000.~~following:

~~On October~~Notes 9Payable at December 31, 2010 is comprised of two separate notes given to the same holder; one for $100,000, dated November 3, 2009, and the ~~Company~~other ~~issued~~for 13$50,~~750,~~000, dated January 11, 2010. Both notes had six month terms and accrued interest at 8% per annum. As of December 31, 2010, both notes were in default and, as such, the holder has the right to convert the amounts due to shares of restricted common stock ~~(post forward~~at ~~stock~~a ~~split)~~25% ~~for~~discount ~~professional~~to ~~services~~the ~~valued~~thirty-day ataverage closing price prior to the date of conversion. However, subsequent to December 31, 2010, the holder agreed not to convert the debt to shares and to settle these obligations for $75150,000, plus accrued interest (see Note 11).

The Company obtained a bank loan for $400,000 on April 17, 2007 with interest payable at 8.5% per annum, and used $360,000 of the proceeds from the loan to fund the acquisition of the SABA Equipment. Monthly principal and interest payments totaling $8,231 are due through April 2012. Collateral for the loan consists of all assets of the Company (including the SABA Equipment), 146,785 shares of common stock of XIOM Corp. (a then related party), and has the personal guarantees of Charles Woodward, Andrew Mazzone, and James Zimbler, Directors of the Company (who also represent entities that are stockholders of the Company).

As part of the Asset Purchase agreement with Reflectkote dated March 10, 2010 (see Note 5), the Company acquired a settlement agreement to pay an unrelated party $400,000 in monthly payments for a period of three years with an annual interest rate of 6%. The monthly payments were to have started February 28, 2010. Also as part of the Asset Purchase Agreement with Reflectkote dated March 10, 2010 (see Note 5), the Company acquired a settlement agreement to pay an unrelated party $270,000 in monthly payments for a period of eighteen months with no interest accrued. The monthly payments were to have started November 15, 2009.

F-15

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

~~On November~~In ~~12,~~October ~~2009~~2010, the Company ~~issued~~entered 3into a Debt Conversion Agreement with the two unrelated parties related to the Reflectkote transaction to convert the $670,~~500~~000 owed, plus accrued interest and penalties in the amount of $37,785, by issuing 10,000,000 free trading shares of common stock (~~post forward~~see ~~stock~~Note ~~split~~9). ~~for~~The ~~consulting~~fair ~~services~~market ~~valued~~value atof the shares issued ($174,~~500~~000,000) in excess of the debt converted ($707,785) was $3,292,215, and has been separately disclosed as Other Income (Expense) on the Consolidated Statements of Operations. The value of the shares issued in satisfaction of the debt converted has been guaranteed, jointly and severally, by Keystone Capital Resources LLC and James W. Zimbler in favor of the two unrelated parties.

On January 28, 2010, the Company increased the amount of authorized shares of common stock from 500,000,000 shares (post forward stock split) with a par value of $.0001 per share to 1,000,000,000 shares (post forward stock split) with a par value of $.0001 per share.

	December 31,
	2010		2009
Bank loan, monthly payments of $8,231 through
April 2012, interest at 8.50% per annum; secured	$	139,804	$	222,012

Less: current portion of long-term debt		91,568		83,517

Long-term portion	$	48,236	$	138,495


Future minimum annual principal payments on long-term debt are as follows:

Year Ending December 31,
2011	$	91,568
2012		48,236
	$	139,804

(9) ~~Commitments and~~ Common ~~Contingencies~~Stock

On ~~March 1~~June 27, ~~2008~~2004, the Company ~~entered~~issued ~~into~~one ashare ~~Consulting~~of ~~Agreement~~common stock (~~the~~post ~~“Consulting Agreement”)~~reverse ~~with~~stock ~~Mr. Scott R. Hamann, MD, PhD (“Mr. Hamann”~~split)~~. Mr. Hamann~~ ~~agreed~~ to provide services to the Company in connection with introducing the Company to public and healthcare facilities as well as other healthcare providers. In addition, Mr. Hamann will establish and recruit members for a ~~“Scientific~~Director ~~Advisory Board” for the Company. The term~~ of the ~~agreement~~ ~~is three years. For the first 12-month period commencing on the effective date, the~~ Company ~~will~~valued ~~pay~~at ~~Mr.~~a ~~Hamann~~price 2% of ~~the net revenues received by the Company. In addition, for the second 12-month period from the effective date, the Company will continue to pay~~ $2~~% of net revenues, and an additional 1% of net revenues from customers introduced to the Company by Mr~~.00 ~~Hamann. Regardless of the net revenues generated, the Company will pay Mr. Hamann $250~~ per ~~hour~~share for ~~consulting services rendered, with a minimum guarantee of four hours per month~~cash. According to the Consulting Agreement, the Company could terminate the hourly consulting services at any time. The Company terminated the hourly consulting services of Mr. Hamann after two months of services.

On ~~April 28~~December 13, ~~2008~~2005, ~~EMC~~the ~~entered~~Company ~~into~~commenced a ~~promissory~~capital ~~note~~formation ~~(the~~activity through a Private Placement Offering (“~~Note~~PPO”) ~~with EIHC~~, ~~a stockholder~~exempt offrom ~~the~~registration ~~Company. Per~~under the ~~terms~~Securities Act of ~~the Note~~1933, ~~EMC~~to ~~may~~issue ~~borrow~~ up to ~~$150~~2,~~000~~160 ~~from~~shares ~~EIHC,~~of atits ancommon ~~annual~~stock ~~interest~~(post ~~rate~~reverse ofstock 5split) ~~percent. An initial~~at ~~repayment~~an offering price of $~~35,000~~0.50 ~~under~~per ~~the~~share ~~Note~~for ~~was~~total ~~due~~proceeds onof ~~June 28~~$1, ~~2008, but was not paid by EMC~~080. The ~~remaining~~PPO ~~amount of the Note~~ was toclosed beon ~~paid~~May ~~by the Company by April 28~~6, ~~2009. On April 20~~2006, ~~2009,~~and ~~Extreme~~proceeds ~~extended the~~amounted ~~promissory note with EIHC~~ to ~~April 30~~$1, ~~2010~~080. OnBecause ~~November~~the ~~14, 2009,~~authorized ~~EIHC~~common ~~issued~~stock aof ~~temporary~~the ~~amendment~~Company towas ~~the~~insufficient ~~note~~at ~~allowing~~ the ~~limit~~time of the ~~note~~ tocompletion ~~temporarily~~of ~~increase~~the ~~from $150~~PPO,~~000~~ tothe ~~$158,500.~~stock Ascertificates ofrelated ~~December~~thereto ~~31,~~were ~~2009, and~~not ~~2008,~~issued ~~$158,500,~~until ~~and~~December ~~$108~~26,~~500,~~ ~~respectively, had been borrowed from EIHC under the terms of the Note~~2007.

On December 26, 2007, the Company issued 126,300 shares of common stock (post reverse stock split) to its sole Director and officer for services rendered, at an offering price of $0.01 per share for total value of $1,263.

The Company entered into a one-year Consulting Agreement on December 1, 2007, with Kingsgate Development, Ltd. (a British Virgin Islands Corporation and “Kingsgate”) whereby Kingsgate agreed to assist the Company in becoming publicly traded, by utilizing its skills and by bearing up to $90,000 of registration costs on behalf of the Company. In exchange for its services, Kingsgate was issued 200,000 shares of common stock (post reverse stock split) for a value of $90,000 or $0.45 per share to satisfy this obligation. The Company issued the shares to Kingsgate on December 26, 2007.

F-16

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

InOn ~~March 2008~~December 1, 2007, the ~~FASB~~Company ~~issued~~entered ~~FASB~~into ~~Statement~~a ~~No.~~one-year ~~161~~Consulting ~~(FASB~~Agreement ~~ASC~~with ~~815)~~Eastern Glow Investments, ~~“Disclosures~~Ltd, ~~about~~(a ~~Derivative Instruments~~British Virgin Islands Corporation and ~~Hedging~~“Eastern ~~Activities~~Glow”) –whereby anEastern ~~amendment~~Glow ofagreed ~~FASB~~to ~~Statement 133.” SFAS~~assist ~~No.~~the ~~161~~Company ~~(FASB~~in ~~ASC~~becoming ~~815)~~publicly ~~enhances~~traded, ~~required disclosures~~by ~~regarding~~utilizing ~~derivatives~~its ~~and~~skills ~~hedging~~on ~~activities,~~behalf ~~including~~of ~~enhanced disclosures~~the ~~regarding~~Company ~~how: (~~as well as a) ancommitment ~~entity~~to ~~uses~~loan ~~derivative~~to ~~instruments; (b)~~the ~~derivative~~Company ~~instruments~~up ~~and~~to ~~related~~a ~~hedged~~maximum ~~items~~of ~~are~~$50,000, ~~accounted~~at the Libor interest rate plus 2.5 % for ~~under~~the ~~FASB No~~marketing plan of the Company. In ~~133~~exchange for its services, ~~“Accounting~~Eastern ~~for Derivative~~Glow ~~Instruments~~was ~~and~~issued ~~Hedging~~112,500 ~~Activities”;~~shares ~~and~~of ~~(c)~~common ~~derivative instruments~~stock ~~and~~of ~~related~~the ~~hedged~~Company ~~items~~(post ~~affect~~reverse anstock ~~entity’s~~split) ~~financial~~at ~~position, financial~~$0.44 ~~performance,~~per ~~and~~share ~~cash~~to ~~flows~~satisfy this obligation. ~~Specifically,~~The ~~SFAS~~Company ~~No.~~issued ~~161 (FASB~~the ~~ASC~~shares ~~815)~~to ~~requires:~~Eastern Glow on December 26, 2007.

-Effective ~~disclosure~~September 16, 2008, the Company entered into a Share Exchange with the shareholders of EMC, whereby the ~~objectives~~Company ~~for~~acquired ~~using~~all ~~derivative~~of ~~instruments~~the beissued ~~disclosed~~and outstanding capital stock of EMC (135,050,850 shares) in ~~terms~~exchange for 1,350,509 shares of ~~underlying~~common ~~risk~~stock ~~and~~(post ~~accounting~~reverse ~~designation;~~stock -split) ~~disclosure~~of the Company. As a result of the ~~fair~~Share ~~values~~Exchange, the stockholders of ~~derivative~~EMC ~~instruments~~controlled the Company, and ~~their~~EMC ~~gains~~has ~~and~~been ~~losses~~determined into have effected a ~~tabular~~reverse ~~format;~~merger -for ~~disclosure~~financial reporting purposes as of ~~information~~the ~~about~~date ~~credit-risk-related~~of ~~contingent~~the ~~features;~~Share Exchange. The reverse merger has been recorded as a recapitalization of the Company, with the net assets of the Company and -EMC ~~cross-reference~~brought ~~from~~forward at their historical bases. In connection with the ~~derivative~~issuance ~~footnote~~of to1,350,509 ~~other~~shares ~~footnotes~~of incommon ~~which~~stock ~~derivative-related~~(post ~~information~~reverse isstock ~~disclosed~~split), 6,139 of such shares (post reverse stock split) were issued for professional services valued at $55,000.

~~SFAS~~On ~~No. 161~~November ~~(FASB~~25, ~~ASC~~2008, ~~815)~~the isCompany ~~effective~~declared a 2-for-1 ~~fiscal~~forward ~~years~~stock split of its issued and ~~interim~~outstanding ~~periods~~common ~~beginning after~~stock ~~November~~to ~~15,~~the ~~2008. Earlier~~holders ~~application~~of ~~is encouraged~~record on that date. ~~The~~Such ~~management~~forward stock split was effective as of ~~the~~November ~~Company~~25, ~~does~~2008. The ~~not~~accompanying ~~expect~~financial ~~the adoption~~statements ofand ~~this~~related ~~pronouncement~~notes tothereto have abeen ~~material~~adjusted ~~impact~~accordingly onto ~~its~~reflect ~~financial statements~~this forward stock split.

OnIn ~~May~~February 92009, ~~2008,~~ the ~~FASB~~Company ~~issued~~entered ~~FASB~~into ~~Statement~~a ~~No.~~verbal ~~162~~agreement ~~(FASB~~with ~~ASC~~Aires ~~105)~~Capital, ~~“The~~Inc. ~~Hierarchy~~whereby ofAires ~~Generally~~Capital, ~~Accepted Accounting Principles~~Inc.~~” SFAS~~ ~~No.~~agreed ~~162~~to ~~(FASB~~perform ~~ASC~~introductory ~~105)~~services ~~is intended~~related to ~~improve~~capital ~~financial~~formation ~~reporting~~activities. On byFebruary ~~identifying a consistent framework~~9, or ~~hierarchy~~2009, ~~for~~the ~~selecting~~Company ~~accounting~~issued ~~principles~~15,000 toshares beof ~~used~~common instock ~~preparing financial~~(post ~~statements~~reverse ~~that~~stock ~~are~~split) ~~presented~~to inAires ~~conformity~~Capital, ~~with U~~Inc.S. ~~generally accepted~~for ~~accounting~~such ~~principles~~services. The ~~(“GAAP”)~~services ~~for~~were ~~nongovernmental entities~~valued at $50,000.

~~Prior~~On to March 2, 2009, the ~~issuance~~Company ofcompleted ~~SFAS~~a ~~No.~~second ~~162~~Share Exchange Agreement (~~FASB~~the ~~ASC~~“Share ~~105~~Exchange Agreement #2”) between the Company, ~~GAAP~~as ~~hierarchy~~Extreme Mobile Coatings Corp, Ltd. and Structural Enhancement Technologies Corp., a newly formed Delaware corporation. The Share Exchange Agreement #2 was ~~defined~~completed in order to change the ~~American~~ ~~Institute~~domicile of ~~Certified~~the ~~Public~~Company ~~Accountants~~from ~~(“AICPA”)~~the ~~Statement~~United ~~on Auditing~~Kingdom ~~Standards~~to ~~(“SAS”)~~the NoState of Delaware, the authorized common stock to 500,000,000 shares, par value $0.0001 69per share, ~~“The~~and ~~Meaning~~the name of ~~Present~~the ~~Fairly~~Company ~~in Conformity~~from ~~with~~Extreme ~~Generally~~Mobile ~~Accept~~Coatings ~~Accounting~~Corp. ~~Principles~~Ltd.” to Extreme Mobile Coatings Worldwide Corp. ~~SAS No~~The Company exchanged 1,791,469 shares of its common stock (post reverse stock split) for a like number of shares of the newly formed Delaware corporation. In 69addition, ~~has~~the ~~been~~Certificate ~~criticized~~of ~~because~~Incorporation itof isExtreme ~~directed~~Mobile toCoatings Worldwide Corp. became the ~~auditor~~Certificate ~~rather~~of ~~than~~Incorporation of the ~~entity~~ Company. ~~SFAS~~The ~~No.~~Share ~~162~~Exchange ~~(FASB~~Agreement ~~ASC~~#2 ~~105)~~has ~~addresses~~been ~~these~~treated ~~issues~~as ~~by establishing~~a ~~that~~reverse ~~the~~merger. The ~~GAAP~~reverse ~~hierarchy~~merger ~~should~~has bebeen ~~directed~~recorded toas ~~entities~~a ~~because~~recapitalization ~~it is~~of the ~~entity~~Company, ~~(not~~with the ~~auditor)~~net ~~that~~assets isof ~~responsible~~Extreme ~~for~~Mobile ~~selecting~~Coatings ~~accounting principles~~Corp. ~~for~~Ltd. ~~financial~~and ~~statements~~the ~~that~~Company ~~are~~brought ~~presented~~forward inat ~~conformity~~their historical bases. The costs associated with ~~GAAP~~ the reverse merger have been expensed as incurred.

The sources of accounting principles that are generally accepted are categorized in descending order as follows:

a) FASB Statements of Financial Accounting Standards and Interpretations, FASB Statement 133 Implementation Issues, FASB Staff Positions, and American Institute of Certified Public Accountants (AICPA) Accounting Research Bulletins and Accounting Principles Board Opinions that are not superseded by actions of the FASB

b) FASB Technical Bulletins and, if cleared by the FASB, AICPA Industry Audit and Accounting Guides and Statements of Position

c) AICPA Accounting Standards Executive Committee Practice Bulletins that have been cleared by the FASB, consensus positions of the FASB Emerging Issues Task Force (EITF), and the Topics discussed in Appendix D of EITF Abstracts (EITF D-Topics)

d) Implementation guides (Q&As) published by the FASB staff, AICPA Accounting Interpretations, AICPA Industry Audit and Accounting Guides and Statements of Position not cleared by the FASB, and practices that are widely recognized and prevalent either generally or in the industry

F-17

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

On ~~May 26~~March 2, ~~2008~~2009, the ~~FASB~~Company ~~issued~~declared ~~FASB~~a ~~Statement~~5-for-1 ~~No.~~forward ~~163~~stock ~~(FASB~~split ~~ASC~~of ~~944),~~its ~~“Accounting~~issued ~~for~~and ~~Financial~~outstanding ~~Guarantee Insurance~~common ~~Contracts—an~~stock ~~interpretation~~to the holders of ~~FASB~~record ~~Statement~~on Nothat date. ~~60.”~~ ~~SFAS~~Such ~~No.~~forward ~~163~~stock ~~(FASB~~split ~~ASC~~was ~~944)~~effective ~~clarifies~~as ~~how~~of ~~FASB~~March ~~Statement No. 60~~12, ~~“Accounting and Reporting by Insurance Enterprises” (“SFAS No~~2009. The ~~60”),~~accompanying ~~applies to~~ financial ~~guarantee~~ ~~insurance~~statements ~~contracts issued by insurance enterprises including the recognition~~ and ~~measurement~~related ofnotes ~~premium~~thereto ~~revenue~~have ~~and~~been ~~claim liabilities. It~~adjusted ~~also~~accordingly ~~requires~~to ~~expanded~~reflect ~~disclosures~~this ~~about~~forward ~~financial guarantee~~stock ~~insurance contracts~~split.

~~The accounting~~On ~~and~~May ~~disclosure~~27, ~~requirements~~2009, ~~of SFAS No. 163 (FASB ASC 944) are intended to improve~~ the ~~comparability~~Company ~~and~~issued quality of information provided to users of financial statements by creating consistency. Diversity exists in practice in accounting for financial guarantee insurance contracts by insurance enterprises under SFAS No. 60. That diversity results in inconsistencies in the recognition and measurement of claim liabilities because of differing views about when a loss has been incurred under FASB Statement No. 5,500 ~~“Accounting~~shares ~~for Contingencies” (“SFAS No. 5”). SFAS No. 163 (FASB ASC 944) requires that an insurance enterprise recognize a claim liability prior to an event~~ of ~~default~~common ~~when~~stock ~~there is evidence that credit deterioration has occurred in an insured financial obligation. It also requires disclosure about~~ (a)post ~~the~~reverse ~~risk-management~~stock ~~activities used by an insurance enterprise to evaluate credit deterioration in its insured financial obligations and (b~~split) ~~the~~for ~~insurance enterprise’s~~consulting ~~surveillance~~services orvalued ~~watch~~at ~~list~~$84,121.

~~SFAS~~On ~~No. 163~~August ~~(FASB ASC 944) is effective for financial statements issued for fiscal years beginning after December 15~~20, ~~2008~~2009, ~~and~~the ~~all~~Company ~~interim~~issued ~~periods within those fiscal years~~100,625 ~~except~~shares for disclosures about the insurance enterprise’s risk-management activities. Disclosures about the insurance enterprise’s risk-management activities are effective the first period beginning after issuance of ~~SFAS~~common ~~No.~~stock ~~163~~ (~~FASB~~post ~~ASC~~reverse ~~944~~stock split)~~. Except~~ for ~~those disclosures,~~professional ~~earlier~~services ~~application~~valued isat ~~not permitted~~$78,000. ~~The management of the Company does not expect the adoption of this pronouncement to have material impact on its financial statements.~~

On ~~May 22~~October 9, 2009, the ~~FASB~~Company issued ~~FASB Statement No. 164 (FASB ASC 958)~~137,500 ~~“Not-for-Profit~~shares ~~Entities:~~of ~~Mergers~~common ~~and Acquisitions”. SFAS~~stock ~~No. 164~~ (~~FASB~~post ~~ASC~~reverse ~~958~~stock split) ~~is intended to improve the relevance, representational faithfulness, and comparability of the information that a not-~~for~~-profit~~ ~~entity~~professional ~~provides~~services invalued ~~its~~at ~~financial reports about a combination with one or more other not-for-profit entities~~$75, ~~businesses, or nonprofit activities~~000. ~~To accomplish that, this Statement establishes principles and requirements for how a not-for-profit entity:~~

a.On ~~Determines~~November ~~whether~~9, a2009, ~~combination is a merger or an acquisition. b. Applies~~ the ~~carryover~~Company ~~method~~issued ~~in accounting for a merger. c. Applies the acquisition method in accounting for an acquisition~~60,000 ~~including~~shares ~~determining which~~ of ~~the~~common ~~combining~~stock ~~entities~~(post ~~the~~reverse ~~acquirer~~stock ~~is.~~split) d.for ~~Determines~~professional ~~what~~services ~~information~~valued toat ~~disclose to enable users of financial statements to evaluate the nature and financial effects of a merger or an acquisition~~$48,000.

On November 12, 2009, the Company issued 35,000 shares of common stock (post reverse stock split) for consulting services valued at $17,500.

On January 28, 2010, the Company increased the amount of authorized shares of common stock from 500,000,000 shares with a par value of $.0001 per share to 1,000,000,000 shares with a par value of $.0001 per share.

On January 22, 2010, the Company issued 80,000 shares of common stock (post reverse stock split) for consulting services related to the reverse merger. The services were valued at $40,000.

On January 27, 2010, the Company issued 7,500 shares of common stock (post reverse stock split) to an employee and to an officer of the Company as compensation for services rendered valued at $75,000.

On January 27, 2010, the Company filed an S-8 registration statement in order to register 250,000 shares of the Company’s common stock (post reverse stock split) issuable under the 2010 Employee and Consultant Stock Plan.

On February 1, 2010, the Company issued 89,000 shares of common stock (post reverse stock split) for consulting services valued at $44,500.

On February 1, 2010, the Company issued 50,000 shares of common stock (post reverse stock split) valued at $25,000 to stockholders as payment on debt owed to the stockholders.

On February 1, 2010, the Company issued 40,000 shares of common stock (post reverse stock split) to a director and officer of the Company as compensation for services rendered valued at $20,000.

On February 12, 2010, the Company issued 110,000 shares of common stock (post reverse stock split) to XIOM as a principal payment of $55,000 on the promissory note owed to XIOM.

F-18

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

~~SFAS~~On ~~No. 164~~February ~~(FASB~~25, ~~ASC 958) is effective for mergers occurring on or after December 15~~2010, ~~2009,~~ ~~and acquisitions for which~~ the ~~acquisition~~Company ~~date~~issued ~~is on or after the beginning of the first annual reporting period beginning on or after December~~ 15,000 ~~2009. Early~~shares ~~application is prohibited. The management~~ of ~~the~~common ~~Company~~stock ~~does~~(post ~~not~~reverse ~~expect~~stock ~~the~~split) ~~adoption~~for ofconsulting ~~this~~services ~~pronouncement~~valued toat ~~have material impact on its financial statements~~$7,500.

On ~~May 28~~March 4, ~~2009~~2010, the ~~FASB~~Company issued ~~FASB Statement No. 165 (FASB ASC 855)~~107,000 ~~“Subsequent Events.” SFAS~~shares ~~No.~~of ~~165~~common stock (~~FASB~~post ~~ASC~~reverse ~~855~~stock split) ~~establishes~~to ~~general standards~~XIOM ofas ~~accounting~~a ~~for~~principal ~~and~~payment ~~disclosure~~ of ~~events~~$53,500 ~~that~~on ~~occur after~~ the ~~balance~~ ~~sheet~~promissory ~~date~~note ~~but~~owed ~~before financial statements are issued or are available~~ to ~~be issued~~XIOM. ~~Specifically, SFAS No. 165 (FASB ASC 855) provides:~~

1.On ~~The~~May ~~period~~13, ~~after~~2010, the ~~balance~~Company ~~sheet~~issued ~~date~~500,000 ~~during~~shares ~~which management~~ of acommon ~~reporting~~stock ~~entity~~(post ~~should~~reverse ~~evaluate~~stock ~~events~~split) orvalued ~~transactions~~at ~~that~~$456,000 ~~may~~to ~~occur for potential recognition or disclosure in~~ the ~~financial~~stockholders ~~statements.~~of 2.Reflectkote ~~The~~as ~~circumstances~~required under ~~which an entity should recognize events or transactions occurring after~~ the ~~balance~~Asset ~~sheet~~Purchase ~~date~~Agreement inwith ~~its~~Reflectkote ~~financial~~(see ~~statements.~~Note 35). ~~The disclosures that an entity should make about events or transactions that occurred after the balance sheet date.~~

~~In accordance~~On ~~with~~May ~~this~~14, ~~Statement~~2010, anthe ~~entity~~Company ~~should~~issued ~~apply~~20,000 ~~the~~shares ~~requirements~~of ~~to interim~~common orstock ~~annual~~(post ~~financial~~reverse ~~periods~~stock ~~ending~~split) ~~after~~for ~~June~~the ~~15,~~partial ~~2009. The adoption~~payment of ~~this~~$24,000 ~~pronouncement~~on ~~did not have~~ a ~~material~~accounts ~~impact~~payable ~~on the financial statements of the Company~~debt.

InOn ~~June 2009~~May 19, 2010, the ~~FASB~~Company issued ~~FASB Statement No. 166 (FASB ASC 860)~~200,000 ~~“Accounting~~shares ~~for Transfers~~ of ~~Financial~~ ~~Assets~~common –stock ~~an amendment of FASB Statement No. 140.” SFAS No. 166~~ (~~FASB~~post ~~ASC~~reverse ~~860~~stock split) ~~is a revision to FASB Statement No. 140 “Accounting~~ for ~~Transfers~~consulting ~~and Servicing~~services ofvalued ~~Financial~~at ~~Assets and Extinguishment of Liabilities” and will require more information about transfers of financial assets~~$100, ~~including securitization transactions, and where companies have continuing exposure to the risks related to transferred financial assets~~000. ~~It eliminates the concept of a “qualifying special-purpose entity,” changes the requirements for derecognizing financial assets, and requires additional disclosures.~~

~~This statement~~On isMay ~~effective~~19, ~~for~~2010, ~~financial~~the ~~asset~~Company ~~transfers~~issued ~~occurring~~800,000 ~~after~~shares ~~the beginning~~ of ancommon ~~entity's~~stock ~~first~~(post ~~fiscal~~reverse ~~year~~stock ~~that~~split) ~~begins~~to ~~after~~a ~~November~~director ~~15, 2009. The~~and ~~management~~to an officer of the Company ~~does~~for ~~not expect~~ the ~~adoption~~partial payment of ~~this~~ ~~pronouncement~~$400,000 toon ~~have~~loans afrom ~~material~~these ~~impact~~related ~~on its financial statements~~parties.

InOn ~~June 2009~~May 10, ~~the FASB issued FASB Statement No. 167 (FASB ASC 810)~~2010, ~~"Amendments~~the toCompany ~~FASB~~declared ~~Interpretation No.~~a ~~46(R).” SFAS~~1-for-100 ~~No.~~reverse ~~167~~stock ~~(FASB~~split ~~ASC~~of ~~810)~~its ~~amends~~outstanding ~~certain requirements~~common ofstock ~~FASB~~to ~~Interpretation~~the ~~No. 46(R),~~holders ~~“Consolidation~~ of ~~Variable~~record ~~Interest Entities”~~on ~~and changes how a company determines when an entity~~ that ~~is insufficiently~~date. Such ~~capitalized~~reverse orstock issplit ~~not~~was ~~controlled~~effective ~~through~~as ~~voting~~of ~~(or~~May ~~similar rights)~~19, ~~should be consolidated~~2010. The ~~determination~~accompanying offinancial ~~whether~~statements ~~a company~~and isrelated ~~required~~notes tothereto ~~consolidate~~have anbeen ~~entity~~adjusted isaccordingly ~~based on, among other things, an entity’s purpose and design and a company’s ability~~ to ~~direct~~reflect ~~the~~this ~~activities~~reverse ~~of the~~stock ~~entity that most significantly impact the entity’s economic performance~~split.

On July 23, 2010, the Company issued 100,000 shares of common stock (post reverse stock split) to a consultant for services to be rendered. The transaction was valued at $50,000.

On July 27, 2010, the Company issued 53,616 shares of common stock (post reverse stock split) valued at $18,675 for a debt related settlement agreement.

On July 27, 2010, the Company issued 750,000 shares of common stock (post reverse stock split) to a director and to an officer of the Company regarding and employment agreement entered into. The transaction was valued at $75,000.

On July 27, 2010, the Company issued 500,000 shares of common stock (post reverse stock split) to a director and to an officer of the Company regarding and employment agreement entered into. The transaction was valued at $50,000.

On July 27, 2010, the Company issued 250,000 shares of common stock (post reverse stock split) to a consultant for services to be rendered. The transaction was valued at $25,000.

F-19

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

InOn ~~June 2009~~July 27, 2010, the ~~FASB~~Company issued ~~FASB Statement No. 168 (FASB ASC 105)~~250,000 ~~"The~~shares ~~FASB Accounting Standards Codification and the Hierarchy~~ of ~~Generally~~common ~~Accepted~~stock ~~Accounting Principles - a replacement of FASB Statement No. 162.” SFAS No. 168~~ (~~FASB~~post ~~ASC 105)~~reverse ~~establishes~~stock ~~the FASB Accounting Standards Codification (the "Codification"~~split) to ~~become~~a ~~the~~consultant ~~single~~for ~~official~~services ~~source of authoritative, nongovernmental U~~rendered.~~S. generally accepted accounting principles (“GAAP”).~~ The ~~Codification did~~transaction ~~not~~was ~~change~~valued ~~GAAP~~at ~~but reorganizes the literature~~$25,000.

~~SFAS~~On ~~No. 168~~November ~~(FASB~~2, ~~ASC~~2010, ~~105)~~the isCompany ~~effective~~issued ~~for~~10,000,000 ~~interim~~shares ~~and~~of ~~annual~~common ~~periods~~stock ~~ending~~(post ~~after September~~reverse ~~15,~~stock ~~2009. The~~split) ~~adoption~~for ofa ~~this~~debt ~~accounting~~related ~~pronouncement~~settlement ~~did not~~agreement. ~~have~~The atransaction ~~material~~was ~~impact~~valued onat ~~the~~$4,000,000 ~~financial~~(see ~~statements~~Note ~~of the Company.~~8)

On November 2, 2010, the Company issued 6,000,000 restricted shares of common stock (11post reverse stock split) ~~Subsequent Events~~ for the payment of debt, consulting and professional services at $0.16 per share (a 60% discount on date of issuance closing bid price of $0.40 per share). The transaction was valued at $960,000.

~~Common~~On ~~Stock~~November 2, 2010, the Company issued 3,050,000 restricted shares of common stock (post reverse stock split) for consulting and professional services at $0.16 per share (a 60% discount on date of issuance closing bid price of $0.40 per share). The transaction was valued at $488,000, including $80,000 recorded as a Prepaid Expense related to a consulting agreement that commenced January 1, 2011 (see Note 10).

~~On January 27, 2010, the Company filed am S-8 registration statement in order to register 25,000,000 shares of the Company’s common stock issuable under the 2010 Employee and Consultant~~ Stock ~~Plan.~~Options

On ~~January~~ 27February 8, 2010, the Company ~~issued~~granted 2two members of the Company’s Board of Directors nonqualified stock options to purchase up to 200,000 shares each (400,000 combined shares) of ~~common~~the ~~stock~~Company’s ~~(post forward~~common stock, ~~split)~~exercisable toat a ~~shareholder~~price of ~~the~~$0.50 ~~Company~~per share for ~~consulting~~five ~~services valued~~years. atThese options were 100% vested upon issuance and included a provision for a cashless exercise. The Company estimated the fair value of these options to be $10424,000 and, as these awards were in recognition of past performance, recorded a non-cash expense of that amount on the date of grant.

On ~~January~~ 27March 11, 2010, a Director of the Company ~~issued~~exercised 3100,000~~,000~~ ~~shares~~options ofin ~~common~~a ~~stock~~cashless ~~(post forward~~transaction, ~~stock~~and ~~split)~~was toissued a72,223 ~~shareholder~~shares of ~~the~~common ~~Company~~stock ~~for~~(post ~~consulting~~reverse ~~services valued~~stock ~~at $15,000~~split).

On ~~January~~ 27May 10, 2010, the Company ~~issued~~granted 1nonqualified stock options to a director to purchase up to 300,~~500,~~000 shares of the Company’s common stock, ~~(post forward~~exercisable ~~stock~~at ~~split)~~a price of $0.50 per share for ~~consulting~~five ~~services~~years. On ~~valued~~the same date, the Company granted nonqualified stock options to the Company’s general counsel to purchase up to 250,000 shares of the Company’s common stock, exercisable at a price of $70.50 per share for five years. These options were 100% vested upon issuance and included a provision for a cashless exercise. The Company estimated the fair value of these options to be $533,500 and, as these awards were in recognition of past performance, recorded a non-cash expense of that amount on the date of grant.

On ~~January~~ July 27, 2010, the Company ~~issued~~granted 1three members of the Company’s Board of Directors nonqualified stock options to purchase up to 250,~~500~~000 shares each (750,000 combined shares) of the Company’s common stock, ~~(post forward~~exercisable at a price of $0.20 per share for five years. The Company also granted a consultant as well as the Company’s general counsel nonqualified stock ~~split~~options to purchase up to 250,000 shares each (500,000 combined shares) ~~for~~of ~~consulting~~the ~~services~~Company’s ~~valued~~common stock, exercisable at a price of $0.20 per share for five years. These options were 100% vested upon issuance and included a provision for a cashless exercise. The Company estimated the fair value of these options to be $7269,~~500~~125 and, as these awards were in recognition of past performance, recorded a non-cash expense of that amount on the date of grant.

F-20

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

EXTREME MOBILE COATINGS WORLDWIDE CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

~~On January~~The ~~27,~~fair ~~2010,~~value ~~the Company issued 500,000 shares~~ of ~~common~~each stock ~~(post forward~~option ~~stock~~granted ~~split)~~has tobeen anestimated ~~officer~~on of the ~~Company~~date asof ~~compensation~~grant ~~for~~using ~~services rendered~~the ~~valued~~Black-Scholes atpricing ~~$50,000~~model.

~~On January~~The ~~27,~~following ~~2010,~~is ~~the~~a ~~Company~~summary ~~issued 8,000,000 shares~~ of ~~common~~the stock ~~(post forward~~option ~~stock~~activity ~~split)~~ for ~~consulting services related to~~ the ~~reverse merger. The~~year ~~services~~ended ~~were~~December ~~valued at $40~~31,~~000.~~ 2010;

On January 27, 2010, the Company issued 4,000,000 shares of common stock (post forward stock split) to a Director and officer of the company for consulting services valued at $20,000.

	2010
Outstanding, beginning of year		-
Granted during the year		2,200,000
Exercised during the year		(100,000	)
Forfeited / expired / cancelled		-
Outstanding, end of year		2,100,000
Risk free rate of return		.75%-1.10	%
Dividend yield		0	%
Volatility		142%-149	%
Average expected term (years to exercise)		2.5
Aggregate intrinsic value of vested exercisable options, end of year	$	0
Total intrinsic value of options exercised during the year	$	0

~~On January~~Stock ~~27,~~options ~~2010,~~outstanding ~~the~~at ~~Company~~December ~~issued 4~~31,~~000,000~~ ~~shares~~2010 ~~of common stock~~ (~~post forward~~all ~~stock split~~non-qualified) toconsisted ~~a Director and officer~~ of ~~the Company as compensation for services rendered valued at $20,000.~~;

On January 27, 2010, the Company issued 1,400,000 shares of common stock (post forward stock split) to a Director of the Company for consulting services valued at $7,000.

Granted in Year Ended December 31,	Number Outstanding and Exercisable		Exercise Price ($)		Expiration Date
2010		300,000		.50	February 7, 2015
2010		550,000		.50	May 9, 2015
2010		1,250.000		.20	July 27, 2015
Total		2,100,000

~~On January 27, 2010, the Company issued 500,000 shares of common stock~~ (~~post forward stock split~~10) ~~for consulting services valued at $2,500.~~ Commitments

~~On January~~Operating 28, 2010, the Company increased the amount of authorized shares of common stock from 500,000,000 shares (post forward stock split) with a par value of $.0001 per share to 1,000,000,000 shares (post forward stock split) with a par value of $.0001 per share.Leases

~~On February~~The ~~12,~~Company ~~2010,~~leases ~~the~~office ~~Company~~and ~~issued~~warehouse 11space in Nicholasville,~~000,000~~ ~~shares~~Kentucky ofunder ~~common~~a ~~stock~~two- ~~(post forward~~year ~~stock~~operating ~~split)~~non-cancelable tolease ~~EIHC~~expiring asin aSeptember ~~principal~~2011 ~~payment~~at an annual rental of $5518,000. onThe ~~the~~lease ~~promissory note~~contains ~~owed~~options to ~~EIHC~~renew for two additional periods of two years each.

On The Company had an operating lease commitment for office space with an unrelated party for the period of 12 months form February 231, ~~2010~~2007, ~~the~~through ~~Company~~January ~~issued~~31, 12008,~~500~~ at an annual rent of $9,000. ~~shares~~In of2008, ~~common~~the ~~stock~~Company ~~(post forward~~extended ~~stock~~the ~~split)~~lease agreement for ~~consulting~~an ~~services~~additional ~~valued~~12 atmonths $7and in 2009,~~500~~ after the extended period, it was on a month to month basis through October 2009.

OnRent ~~March 3,~~expense ~~2010,~~amounted ato ~~Director~~$19,500 ~~of the Company exercised stock options~~ and ~~was issued 7~~$15,~~222,222~~595 ~~shares~~for ofthe ~~common~~years ~~stock~~ended ~~(post~~December ~~forward~~31, ~~stock~~2010 ~~split)~~and ~~valued at $36~~2009,~~111~~ respectively.

On March 4, 2010, the Company issued 10,700,000 shares of common stock (post forward stock split) to EIHC as a principal payment of $53,500 on the promissory note owed to EIHC.

Asset Purchase Agreement

On March 11, 2010, the Company entered into a Asset Purchase Agreement with Reflectkote, Inc. (“Reflectkote”), dated March 10, 2010, wherein Reflectkote sold certain assets and liabilities to the Company, whereby the Company assumed the Liabilities, as well as the obligation to issue 50,000,000 shares of common stock of the Company to the shareholders of Reflectkote as a stock dividend, after the effectiveness of a Registration Statement on Form S-4.

The Vice-President and Director of the Company, James W. Zimbler is also a Director of Reflectkote, Inc. The assets purchased include a permanently applied reflective coating that does not come off in the manner that reflective tape can and does. Reflectkote coatings do not corrode and protect the surface applied to as well. Reflectkote is a plastic and glass combination prepared in a proprietary manner.

F-21

~~EXTREME MOBILE~~STRUCTURAL ~~COATINGS~~ENHANCEMENT ~~WORLDWIDE~~TECHNOLOGIES CORP. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, ~~2009,~~2010 AND ~~2008~~2009 (UNAUDITED)

~~Letter~~Future ofminimum ~~Intent~~annual lease commitments for the year ending December 31, 2011 is $13,500 related to ~~Purchase Shares~~the office and warehouse space in Nicholasville, Kentucky.

OnEmployment March 12, 2010, the Company entered into a Letter of Intent, dated March 3, 2010, with Clean Marine, Inc. whereby the Company shall purchase 100% of the issued and outstanding common stock of Clean Marine, Inc., and its operating business known as Clean Air Today. The closing of the transaction will occur as promptly as practicable.Agreements

~~Clean Marine,~~The ~~Inc.~~Company entered into an employment agreement dated July 27, ~~DBA~~2010 ~~Clean~~with ~~Air~~the ~~Today~~Interim President. The agreement is for a ~~contracting~~term ~~company,~~of ~~servicing~~two ~~commercial and~~years ~~residential~~unless, ~~Hotel~~at /the ~~Motel~~discretion /of ~~Restaurants~~the Board of Directors, a qualified successor is located and employed prior to the ~~marine~~end ~~industry~~of the two year term. Compensation includes an annual base salary of $50,000, the ~~yacht industry~~issuance of 750,000 ~~and~~shares ~~also~~of ~~handles~~restricted ~~coatings~~common stock, ~~green~~the ~~cleaning~~issuance ~~solutions~~of an option to purchase 250,000 ~~HVAC~~shares ~~systems~~of common stock for $.20 per share and any other ~~services~~benefits ~~related~~as tomay ~~restoration~~be ~~and~~approved by the ~~preservation~~Board of ~~product and infrastructure~~Directors.

The Company also entered into an employment agreement dated July 27, 2010 with the President of its wholly-owned subsidiary. The agreement is for a term of one year and will automatically renew for successive one year terms, unless 60 days written notice is given prior to the end of any one year term. Compensation includes an annual base salary of $90,000, the issuance of 500,000 shares of restricted common stock, the issuance of an option to purchase 250,000 shares of common stock for $.20 per share and any other benefits as may be approved by the Board of Directors.

Consulting Agreement

The Company has an agreement with a consultant that commenced on January 1, 2011 for a period of twelve months, terminating on December 31, 2011. Additional compensation includes the issuance of 500,000 shares of restricted common stock. The consultant also receives a monthly retainer of $5,000, which is not part of the formal written agreement.

(11) Subsequent Events

On January 28, 2011, the Company issued 470,000 shares of restricted common stock to several consultants as compensation for services rendered. The services were valued at $0.125 per share (a 50% discount off the fair market value on date of issuance of $0.25 per share), or $58,750.

On March 11, 2011, the Company signed a Letter of Intent to acquire all of the issued and outstanding shares of common stock of Landmark Consulting Inc. (“Landmark”) from its shareholders in exchange for the total consideration of shares of common stock of the Company to be delivered in the name of the shareholders of Landmark, as designated by them, at the closing date. The total consideration to be paid to the shareholders of Landmark shall be equal to seventy five (75%) percent of the total issued and outstanding shares of common stock of the Company at the conclusion of the transaction, prior to the raise of capital in the amount of up to one million ($1,000,000) dollars and the balance of twenty five (25%) percent to the Company. Landmark is a contracting company, servicing commercial and residential customers, municipalities, and also handles coatings, green cleaning solutions, and other services related to Company’s mobile coatings for restoration and preservation of product and infrastructure.

F-22

STRUCTURAL ENHANCEMENT TECHNOLOGIES CORP. AND SUBSIDIARY

~~Item~~(A 9.DEVELOPMENT ~~Changes~~STAGE ~~In and Disagreements With Accountants on Accounting and Financial Disclosure~~COMPANY)

~~The Company~~NOTES ~~had~~TO noCONSOLIDATED ~~changes~~FINANCIAL ~~in or disagreements with accountants on accounting and financial disclosure for the fiscal year ended December 31, 2009.~~STATEMENTS

~~Item~~DECEMBER ~~9a.~~31, ~~Controls~~2010 ~~and~~AND ~~Procedures~~2009 (UNAUDITED)

~~Disclosure Controls~~On March 29, 2011, The Company issued 400,000 shares of restricted common stock to corporate counsel for legal fees and ~~Procedures~~650,000 shares of restricted common stock to several shareholders assisting the Company in raising capital. The legal fees and services were valued at $0.10 per share (a 50% discount off the fair market value on date of issuance of $0.20 per share), or $105,000.

~~Management of~~On ~~the~~March ~~Company~~25, is2011, ~~responsible~~XIOM ~~for~~filed ~~the~~a ~~preparation~~voluntary ~~and~~petition ~~integrity~~in of the ~~consolidated~~ ~~financial~~United ~~statements~~States ~~appearing~~Bankruptcy inCourt ~~our~~(District ~~Annual~~of ~~Report~~Delaware) ~~on Form 10-K. The~~under ~~financial~~Chapter ~~statements~~7 ~~were~~of ~~prepared~~the inUnited ~~conformity with~~States ~~generally~~Bankruptcy ~~accepted~~Code ~~accounting~~requesting ~~principles~~liquidation ~~appropriate~~of in the ~~circumstances~~ assets and, ~~accordingly,~~liabilities ~~include~~of ~~certain~~XIOM. ~~amounts~~See ~~based~~Notes on4,5,6 ~~our best judgments~~ and ~~estimates. Financial~~ ~~information in this Annual Report on Form 10-K is consistent with that in the financial statements.~~9

~~Management of~~In May 2011, the Company isentered ~~responsible~~into ~~for~~a ~~establishing~~settlement ~~and~~agreement ~~maintaining~~with ~~adequate~~the ~~internal control~~holder ~~over~~of ~~financial~~the ~~reporting~~Notes asPayable ~~such~~and ~~term~~agreed isto ~~defined~~settle inthese ~~Rules 13a-15(f) under~~obligations ~~the~~for ~~Securities~~$150,000, ~~Exchange~~plus ~~Act~~accrued ofinterest ~~1934~~ (~~“Exchange~~see ~~Act”~~Note 8). ~~The Company’s~~ ~~internal~~Pursuant ~~control over financial reporting is designed~~ to ~~provide reasonable~~terms ~~assurance regarding the reliability~~ of ~~financial reporting and~~ the ~~preparation~~ ofagreement, the ~~consolidated~~settlement ~~financial~~payment ~~statements. Our~~is ~~internal control~~to ~~over~~be ~~financial~~made ~~reporting~~from ismonies ~~supported~~to bybe araised ~~program~~related ~~of reviews by management~~to, ~~written~~and ~~policies~~upon ~~and~~the ~~guidelines~~closing of, ~~careful~~the ~~selection~~Landmark ~~and~~acquisition ~~training~~referred ~~of qualified~~to ~~personnel~~above.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements and even when determined to be effective, can only provide reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.F-23

16ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

~~Item 9b. Other~~The ~~Information~~Company had no changes in or disagreements with accountants on accounting and financial disclosure for the year ended December 31, 2010.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Principal Financial Officer, after evaluating the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of the end of the period covered by this Annual Report on Form 10-K, has concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

Management’s Report on Internal Control Over Financial Reporting

Management is responsible for the preparation of our financial statements and related information. Management uses its best judgment to ensure that the financial statements present fairly, in all material respects, our financial position and results of operations in conformity with generally accepted accounting principles.

Management is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s management, including the Company’s Chief Executive Officer and Principal Financial Officer, evaluated the effectiveness of the Company’s internal control over financial reporting based on the framework in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission, commonly referred to as the “COSO” criteria. Based on that evaluation, the Company’s management concluded that the Company’s internal control over financial reporting was effective as of December 31, 2010.

Our internal control over financial reporting includes policies and procedures that pertain to the maintenance of records, that accurately and fairly reflect, in reasonable detail, transactions and dispositions of assets; and provide reasonable assurances that: (1) transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States; (2) receipts and expenditures are being made only in accordance with authorizations of management and directors of our Company; and (3) unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements are prevented or timely detected.

All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

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

Changes in Internal Controls Over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during our last fiscal quarter to which this Annual Report on Form 10-K relates that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

ITEM 9B. OTHER INFORMATION

None

~~Part~~ PART III

~~Item~~ITEM 10. ~~Directors~~DIRECTORS, ~~Executive~~EXECUTIVE ~~Officers~~OFFICERS, ~~Promoters~~PROMOTERS ~~and~~AND ~~Control~~CONTROL ~~Persons~~PERSONS; ~~Compliance~~COMPLIANCE ~~with~~WITH ~~Section~~SECTION 16(aA) ofOF ~~the~~THE ~~Exchange~~EXCHANGE ~~Act~~ACT.

Management

The following table sets forth certain information regarding the members the Company’s Board of Directors and executive officers as of for the fiscal year ended December 31, ~~2009~~2010 and as of ~~April~~May 1513, ~~2010~~2011.

The following table sets forth information regarding the members of the Company’s Board of Directors and its executive officers following the Share Exchange. The Directors listed below will serve until the next annual meeting of the Company’s stockholders.

Name	Age	Position
Andrew Mazzone	65	Chairman
Andrew B. Mazzone	71	Chairman and Interim President
Charles Woodward	53	President, ~~Chief~~of ~~Executive~~Subsidiary ~~Officer~~ and Director
James Zimbler	44	Executive Vice President, Treasurer, Secretary and Director
Michael Wade	68	Chief Financial Officer

Andrew B. Mazzone became Chairman of the Company upon completion of the Share Exchange in September 2008. He joined Extreme as Chairman in February 2007 and has been the Chairman and President of XIOM Corp. since its inception in 1998. Mr. Mazzone was the President of TTI at the time of the spin-out. He resigned as Sole Officer and Director of TTI on November 1, 2001. Thereafter, TTI acquired and changed its name to Steam Clean USA, Inc. on or about August 15, 2002. On July 1, 2003, Steam Clean USA, Inc. acquired Humana Trans Services Group, Ltd. At this point, Mr. Mazzone was invited to become Chairman of the Board of Directors. He served in that position until January 2004, when he resigned as Chairman but remained as a Director and until May 5, 2004, when he resigned from the Board entirely. From 1970 until February 15, 1995, Mr. Mazzone was employed by Metco, Westbury, NY, a subsidiary of the Perkin Elmer Corp., a holding company, which subsidiary, Metco, was engaged in the business of development of metal spraying and metal powders. Mr. Mazzone, as President, resigned from Sulzer Metco after the acquisition of the Company in 1995. From 1995 to October 2001, Mr. Mazzone was President of Thermaltec International. At Metco, Mr. Mazzone held various positions, including as Director of Logistics, Director of Sales and Marketing, Director of Manufacturing, Executive Vice President and President. Mr. Mazzone has degrees from Babson College, Babson Park, Massachusetts, in finance and an advanced degree in economics, with a specialty in economic history.

1714

Charles Woodward joined the Company upon completion of the Share Exchange in September 2008. Mr. Woodward, a founder of Extreme, co-founded Contours Express, a franchisor of fitness centers in 1998, and served as its President from its inception until June 2005 when Contours Express was sold to a private equity group.

James W. Zimbler joined the Company upon the completion of the Share Exchange in September 2008. Mr. Zimbler, a founder of Extreme, has been a principal of Alpha Corporate Advisors, LLC, since its inception in May 2002. Alpha is involved as a consultant in the mergers and acquisitions of public companies and consulting for private companies that wish to access the public markets. Prior to becoming a founding member of Alpha, he was involved in consulting for capital raising, recapitalization and mergers and acquisitions for various clients. He has served on the Board of Directors and/or as officer of several companies since 2000, including Accountabilities, Inc., Triton Petroleum Group, Inc., Universal Media, Inc., and Genio Holdings, Inc.

Michael Wade joined the Company upon completion of the Share Exchange in September 2008 and has served as Chief Financial Officer of Extreme since its inception in February 2007. From 2005 until joining Extreme, he operated his own accounting practice, specializing in tax accounting and planning for new ventures. From 1992 until 2005, Mr. Wade served as an accountant for Contours Express.

Audit Committee and Financial Expert

On February 5, 2010 we appointed Greg ~~Moor~~Moore as Chairman of the Audit Committee and a member of the Board of Directors. However, Mr. Moore has not assumed his duties as of ~~April~~May 1513, ~~2010~~2011. Upon the assumption of his duties, the ~~company~~Company will file a ~~current~~ ~~report~~Current Report on ~~Form~~form 8-K.

Employment Agreements

The Company entered into an employment agreement dated July 27, 2010 with the Interim President. The agreement is for a term of two years unless, at the discretion of the Board of Directors, a qualified successor is located and employed prior to the end of the two year term. Compensation includes an annual base salary of $50,000, the issuance of 750,000 shares of restricted common stock, the issuance of an option to purchase 250,000 shares of common stock for $.20 per share and any other benefits as may be approved by the Board of Directors.

Code of Ethics

The Company does not currently have a Code of Ethics applicable to its principal executive, financial and accounting officers; however, the Company plans to implement such a code in the upcoming fiscal year.

1815

~~Item~~ITEM 11. ~~Executive~~EXECUTIVE ~~Compensation~~COMPENSATION

The following table sets forth information concerning the annual and long-term compensation for services in all capacities to the Company for the years ended December 31, ~~2009~~2010 and ~~2008~~2009 of its ~~chief executive officer. As indicated, no compensation was paid to the Company’s Chief~~ Executive Officer during either the year ended December 31, 2009 or 2008, and no executive officer of the Company received total annual compensation for either the year ended December 31, 2009 or the year ended December 31, 2008 in excess of $100,000Officers.

SUMMARY COMPENSATION TABLE

									Non-Equity Non-Qualified		All
Name and					Stock		Option		Incentive	Deferred	Other	Total
Principal	Year	Salary		Bonus	Awards		Awards		Compensation	Compensation	Compensation Compensation
Position	Ended	($)		($)	($)		($)		($)	($)	($)	($)
Andrew
Mazzone,	12/31/10		20,833			380,867		592,709					994,409
President
Charles
Woodward,	12/31/10		107,500			70,000		89,708					267,208
President of	12/31/09		-			-		-					-
Subsidiary
James
Zimbler,	12/31/10		70,000			108,396		89,708					268,104
VP (1)	12/31/09		-			-		-					-

Name and Principal Position

Year Ended

Salary ($)

Bonus ($)

Stock Awards ($)

Option Awards ($)

Non-Equity Incentive Plan Compensation ($)

Nonqualified Deferred Compensation Earnings ($)

All Other Compensation ($)

Total ($)

John May, President(1)

12/31/08

—

Charles Woodward, President

12/31/09 12/31/08

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

James W. Zimbler, Secretary

12/31/09 12/31/08

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

$ $

— —

(1) Resigned effective November 10, 2010

(1) Resigned September 16, 2008

Director Compensation

Our directors receive no compensation for their services as director, at this time, other than what has already been paid by the issuance of shares of common stock.

Director and Officer Insurance

The Company does not have directors and officers (“D & O”) liability insurance at this time.

1916

~~Item~~ITEM 12. ~~Security~~SECURITY ~~Ownership~~OWNERSHIP ofOF ~~Certain~~CERTAIN ~~Beneficial~~BENEFICIAL ~~Owners~~OWNERS ~~and Management~~AND MANAGEMENT

The following table sets forth certain information, as of May 13, 2011, concerning shares of common stock of the Registrant, the only class of its securities that are issued and outstanding, held by (1) each shareholder known by the Registrant to own beneficially more than five percent of the common stock, (2) each director of the Registrant, (3) each executive officer of the Registrant, and (4) all directors and executive officers of the Registrant as a group:

The following table sets forth certain information, as of April 15, 2010, concerning shares of common stock of the Registrant, the only class of its securities that are issued and outstanding, held by (1) each shareholder known by the Registrant to own beneficially more than five percent of the common stock, (2) each director of the Registrant, (3) each executive officer of the Registrant, and (4) all directors and executive officers of the Registrant as a group:

Name of Beneficial Owner	Amount and Nature of Beneficial Ownership			Percentage of Shares Outstanding
Andrew B. Mazzone c/o the Company		2,750,000			10.05%

Charles Woodward c/o the Company		3,358,965	(1)		12.30%

James W. Zimbler c/o the Company		3,061,594	(2)		11.19%

Michael Margolies 14 Dancing Rock Rd.

Garrison, NY 10524		1,800,000			6.60%

Directors and officers as a group (2 persons)		6,108,965			22.35%

Name of Beneficial Owner		Amount and Nature of Beneficial Ownership			Percentage of Shares Outstanding
(1)	Including 418,965 shares owned by Bluegrass Mobile Power Coatings, LLC, a company wholly owned by Mr. Woodward.
Environmental Infrastructure Holdings, Corp. (formerly XIOMCorp.) 78 Lamar Street, W. Babylon, NY 11794			45,119,260			16.61	%
(2)	Including 116,100 shares owned by Keystone Capital Resources, LLC, a company wholly owned by Mr. Zimbler.
Andrew Mazzone C/o the Company			—			—
Charles Woodward C/o the Company			41,896,460	(1)		15.43	%
James Zimbler C/o the Company			41,896,460	(2)		13.90	%
Michael Wade C/o the Company			500,000			.18%
Directors and officers as a group (4 persons)			127,242,280			46.1	%

(1)	These shares are owned by Bluegrass Mobile Power Coatings, LLC, a company wholly owned by Mr. Woodward.
(2)	These shares are owned by Keystone Capital Resources, LLC, a company wholly owned by Mr. Zimbler.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

~~Item~~(a) During ~~13.~~the ~~Certain~~fiscal ~~Relationships~~year ~~and~~ended ~~Related~~December ~~Transactions~~31, ~~and~~2010, ~~Director~~none ~~Independence~~of our members of the board of directors qualified as an independent director.

~~Transactions with~~(b) The ~~Related~~Registrant ~~persons~~currently has no formal policy regarding attendance at the annual meeting of security holders. Currently we have no standing audit or nominating or compensation committees of the board of directors.

~~None~~(c) In October 2006, Extreme entered into a Master License Agreement with XIOM pursuant to which Extreme has been granted an exclusive license in the contiguous states of the United States to establish franchises to market, use and sell XIOM’s coating products and equipment. XIOM was issued an equity interest in Extreme in consideration of entering into the Master License Agreement. See the section of this report captioned “The XIOM License” in Item 2.01 for a more detailed description of the Master License Agreement.

~~Directors Independence~~Since Extreme’s inception, Charles Woodward, the President and Chief Executive Officer of Extreme, has loaned Extreme an aggregate of $286,00. The loans are non-interest bearing and have no terms for repayment. As of December 31, 2010, the entire principal amounts of the loans were repaid.

~~(a) During the fiscal year ended December 31, 2009, none of our members of the board of directors qualified as an independent director.~~17

~~(b) The total~~Since ~~number~~Extreme’s ofinception ~~meetings~~James ofZimbler, ~~the~~Executive ~~board~~Vice ofPresident, ~~directors~~Treasurer ofand ~~the~~Secretary ~~Registrant~~of ~~for the fiscal year was nine~~Extreme, ~~this~~has ~~amount~~loaned ~~included~~Extreme ~~telephonic~~an ~~meetings~~aggregate ~~and/or Written Consents~~ of ~~the board of directors~~$184,000. The ~~Registrant~~loans ~~currently~~are ~~has~~non-interest ~~no formal~~bearing ~~policy~~and ~~regarding~~have ~~attendance~~no atterms ~~the~~for ~~annual meeting of security holders~~repayment. ~~Currently~~As weof ~~have~~December no31, ~~standing~~2010, ~~audit~~the orentire ~~nominating~~principal ~~or compensation~~amounts ~~committees~~ of the ~~board~~loans ofwere ~~directors~~repaid.

~~(c) During the~~In ~~fiscal~~April ~~year~~2008, ~~ended~~Extreme ~~December~~issued 31a promissory note to a principal stockholder, ~~2009~~EIHC Corp., ~~the~~pursuant ~~Company~~to ~~did~~which ~~not~~Extreme ~~engage~~may inborrow ~~any transactions~~up ~~with~~to ~~its~~$150,000 ~~officers~~from EIHC. On November 14, ~~Directors~~2009, orEIHC 5%issued ~~shareholders~~a ~~that~~temporary ~~require disclosure~~amendment ~~under~~to the ~~rules~~note ~~and~~allowing ~~regulations~~the limit of the ~~Securities~~note ~~and~~to ~~Exchange Commission~~temporarily increase from $150,000 to $158,500. ~~The~~A ~~information~~payment ~~provided~~of ~~below~~$35,000 ~~pertains~~was due to ~~transactions that~~EIHC ~~have~~under ~~occurred~~the ~~between~~note ~~Extreme~~in ~~and~~June ~~its~~2008 ~~officers~~but was not paid. As of December 31, ~~Directors~~2010, ~~and~~the ~~5% shareholders~~entire principal amounts of the loans were repaid.

20Since the Company does not have an audit or compensation committee comprised of independent Directors, the functions that would have been performed by such committees are performed by its Board of Directors. Thus, there is a potential conflict of interest in that the Company’s Directors have the authority to determine issues concerning management compensation, in essence their own, and audit issues that may affect management decisions. It is anticipated that policies for reviewing related party transactions will be developed in conjunction with the appointment of the Company’s audit committee in the upcoming fiscal year.

In October 2006, Extreme entered into a Master License Agreement with EIHC pursuant to which Extreme has been granted an exclusive license in the contiguous states of the United States to establish franchises to market, use and sell EIHC’s coating products and equipment. EIHC was issued an equity interest in Extreme in consideration of entering into the Master License Agreement. See the section of this report captioned “The EIHC License” in Item 2.01 for a more detailed description of the Master License Agreement.

Since Extreme’s inception, Charles Woodward, the President and Chief Executive Officer of Extreme, has loaned Extreme an aggregate of $236,002. The loans are non-interest bearing and have no terms for repayment. As of December 31, 2009, the entire principal amounts of the loans remained outstanding.

Since Extreme’s inception James Zimbler, Executive Vice President, Treasurer and Secretary of Extreme, has loaned Extreme an aggregate of $184,000. The loans are non-interest bearing and have no terms for repayment. As of December 31, 2009, the entire principal amounts of the loans remained outstanding.

In April 2008, Extreme issued a promissory note to a principal stockholder, EIHC Corp., pursuant to which Extreme may borrow up to $150,000 from EIHC. On November 14, 2009, EIHC issued a temporary amendment to the note allowing the limit of the note to temporarily increase from $150,000 to $158,500. A payment of $35,000 was due to XIOM under the note in June 2008 but was not paid. As of December 31, 2009, $158,500 was due under the note, which is due in full on April 28, 2009, and bears interest at a rate of 5% per annum.

Since the Company does not have compensation committee comprised of independent Directors, the functions that would have been performed by such committee are performed by its Board of Directors. Thus, there is a potential conflict of interest in that the Company’s Directors have the authority to determine issues concerning management compensation, in essence their own, that may affect management decisions. It is anticipated that policies for reviewing related party transactions will be developed by the Company’s audit committee in the upcoming fiscal year.

None of the Company’s Directors qualify as an “independent director” under the rules of the American Stock exchange.

~~Item~~ ITEM 14. ~~Principal~~PRINCIPAL ~~Accounting~~ACCOUNTING ~~Fees~~FEES ~~and~~AND ~~Services~~SERVICES.

The following table sets forth the aggregate fees billed to the Company by Davis Accounting Group P.C., the Company’s independent auditors for the fiscal ~~years~~ year ended December 31, 2009 and ~~2008~~for Michael T. Studer CPA P.C. for the fiscal year ended December 31,2010.

Audit Fees	~~2009~~2010		~~2008~~2009
Audit-Related Fees	$	20,000	$	3220,~~876~~000
Financial Information Systems		—---		—---
Design and Implementation Fees		—---		—---
Tax Fees		—---		—---
All Other Fees		N/A		N.A

21Audit fees represent amounts billed for professional services rendered for the audit of the Company’s annual financial statements and the reviews of its financial statements included in its Forms 10-Q and Forms 8-K.

~~Audit fees~~The ~~represent amounts billed for professional services rendered for the audit of the~~ Company’s ~~annual~~did ~~financial~~not ~~statements~~incur ~~and~~any ~~the~~fees ~~reviews~~associated ofwith ~~its financial statements included in its Forms 10~~non-Qaudit ~~and~~services ~~Forms~~to ~~8-K~~Michael ~~filed during the fiscal year ended December 31, 2009, and the registration statement that the Company filed with the Securities and Exchange Commission in January 2008~~T. ~~Before the~~ ~~Davis~~Studer ~~Accounting~~CPA ~~Group~~ P.C. ~~was~~relating ~~engaged~~to by the ~~Company~~year toended ~~render~~December ~~its audit services~~31, ~~the engagement was approved by the Company’s Board of Directors~~2010.

~~The Company did not incur any fees associated with non-audit services to Davis Accounting Group P.C. relating to the years ended December 31, 2009 or 2008.~~18

~~Part~~ PART IV

~~Item~~ ITEM 15. ~~Exhibits~~EXHIBITS, ~~Financial~~FINANCIAL ~~Statement~~STATEMENT ~~Schedules~~SCHEDULES.

~~Index to~~INDEX ~~Exhibits~~TO EXHIBITS

(a)

(1)	Financial Statements

(2)	Financial statement schedules

(b)

Exhibit		Description of Exhibit
2.1		Share Exchange Agreement among the Registrant, Extreme Mobile Coatings, Inc. and the stockholders of Extreme Mobile Coatings, Inc. (1)
3.1		Certificate of Incorporation of the Registrant (3)
3.11		Certificate of Amendment to Certificate of Incorporation, dated January 15, 2010 (4)
3.2		Bylaws of the Registrant (3)
10.1		Master License Agreement between Xiom Corp. and Extreme Mobile Coatings, Inc. (1)
10.2		First Amendment to Master License Agreement between Xiom Corp. and Extreme Mobile Coatings, Inc. (1)
10.3		Consulting Agreement dated as of March 1, 2008 between Extreme Mobile Coatings, Inc. and Scott R. Hamann, M.D. (1)
31.1		Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13A-14(A)/15D-14(A) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (4)
31.2		Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13A-14(A)/15D-14(A) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (4)
32.1		Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (4)
32.2		Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (4)

(1)	Incorporated by reference to similarly numbered exhibit to the Form 8-K filed by the Registrant with the Securities and Exchange Commission on September 17, 2008.
(2)	Incorporated by reference to similarly numbered exhibit to the Form SB-2 filed by the Registrant with the Securities and Exchange Commission on January 2, 2008.

(3)	Incorporated by reference to similarly numbered exhibit to the Form 8-K filed by the Registrant with the Securities and Exchange Commission on September 18, 2008.
(4)	Attached hereto

2219

~~Signatures~~SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the ~~Registrant~~registrant has duly caused this ~~Report~~report to be signed on its behalf of the undersigned, thereunto duly authorized on ~~April~~May 1518, ~~2010~~2011.

~~Extreme~~Structural ~~Mobile~~Enhancement ~~Coatings~~Technologies Corp. By: /s/ ~~Charles~~Andrew ~~Woodward~~B. ~~Charles~~Mazzone ~~Woodward,~~Andrew ~~President~~B. ~~and~~Mazzone, ~~CEO~~President

KNOW ALL PERSONS BY THESE PRESENTS that each individual whose signature appears below constitutes and appoints Charles Woodward as his true lawful attorney-in-fact and agent, with full power of substitution for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Form 10-K, and to file the same, together with all the exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and being requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed by the following persons in the capacities indicated and on ~~April~~May 1518, ~~2010~~ 2011.

Signature	Title	Date
/s/ Andrew Mazzone	Chairman of the Board	April 15, 2010
/s/ Andrew B. Mazzone	Chairman of the Board and President	May 18, 2011
Andrew Mazzone
Andrew B. Mazzone
/s/ Charles Woodward	~~President and CEO and~~ Director	~~April~~May 1518, ~~2010~~2011
Charles Woodward
/s/ James W. Zimbler	Executive Vice President, Treasurer,	April 15, 2010
James W. Zimbler	Secretary and Director
/s/ Michael Wade	Chief Financial Officer,	April 15, 2010
Michael Wade

2320

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