ARBOR
ENTECH CORPORATION
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(Exact
name of registrant as specified in its
charter)
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Delaware
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22-2335094
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(State
of jurisdiction of Incorporation)
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(I.R.S.
Employer Identification No.)
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Large
accelerated filer ¨
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Accelerated
filer ¨
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Non-accelerated
filer ¨
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(Do
not check if a smaller reporting company)
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Smaller
reporting company x
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Page
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PART
I. FINANCIAL INFORMATION
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Item
1.
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Financial
Statements (Unaudited)
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Condensed
Balance Sheet as of July 31, 2008 and April 30, 2008
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3
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Condensed
Statements of Operations for the three Months Ended July 31, 2008
and July
31, 2007
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4
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Condensed
Statements of Cash Flows for the three Months Ended July 31, 2008
and July
31, 2007
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5
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Notes
to Condensed Financial Statements
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6
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Item
2.
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Management's
Discussion and Analysis of Financial Condition and Results of
Operations
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7
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Item
3.
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Quantitative
and Qualitative Disclosures about Market Risk
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9
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Item
4.
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Controls
and Procedures
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9
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PART
II. OTHER INFORMATION
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Item
1.
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Legal
Proceedings
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10
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Item
2.
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Changes
in Securities
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10
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Item
3.
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Defaults
Upon Senior Securities
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10
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Item
4.
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Submissions
of Matters to a Vote of Security Holders
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10
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Item
5.
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Other
Information
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10
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Item
6.
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Exhibits
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11
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July 31, 2008
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April 30, 2008
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(Unaudited)
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ASSETS
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|||||||
Current
Assets:
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|||||||
Cash
and Cash Equivalents
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$
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442,378
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$
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440,420
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Total
Current Assets
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442,378
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440,420
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Total
Assets
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$
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442,378
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$
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440,420
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LIABILITIES
AND STOCKHOLDERS’ EQUITY
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Current
Liabilities:
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Accounts
Payable and Accrued Liabilities
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$
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10,214
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$
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1,000
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Total
Current Liabilities
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10,214
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1,000
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Commitments
and Contingencies
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Stockholders’
Equity:
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Common
Stock, $.001 Par Value; Authorized 10,000,000 Shares; Issued and
Outstanding 7,050,540 Shares
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7,050
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7,050
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Additional
Paid-In Capital
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2,365,441
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2,365,441
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Retained
Earnings (Deficit)
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(1,940,327
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)
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(1,933,071
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)
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Total
Stockholders’ Equity
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432,164
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439,420
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Total
Liabilities and Stockholders’ Equity
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$
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442,378
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$
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440,420
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Quarter Ended
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|||||||
July
31,
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|||||||
2008
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2007
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Net
Sales
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$
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-
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$
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-
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Costs
and Expenses:
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Selling,
General and Administrative Expenses
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10,586
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1,728
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10,586
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1,728
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Loss
from Operations
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(10,586
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)
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(1,728
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)
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Other
Income:
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Interest
Income
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3,330
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7,996
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3,330
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7,996
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Net
Income (Loss)
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$
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(7,256
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)
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$
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6,268
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Loss
Per Common Share – Basic
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$
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.00
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$
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.00
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Weighted
Average Shares Outstanding
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7,050,540
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7,050,540
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Quarter
Ended
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July
31,
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2008
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2007
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Cash
Flows from Operating Activities:
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Net
Income (Loss)
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$
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(7,256
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)
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$
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6,268
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Adjustments
to Reconcile Net Income (Loss) to Net Cash
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Provided
by (Used) in Operating Activities:
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Changes
in Operating Assets and Liabilities:
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Decrease
in Other Current Assets
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-
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1,190
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Increase
(Decrease) in Accounts Payable and
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Accrued
Liabilities
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9,214
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(
9,045
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)
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Total
Adjustments
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9,214
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(
7,855
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)
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Net
Cash Provided by (Used) in Operating Activities
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1,958
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(
1,587
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)
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Cash
Flows from Investing Activities:
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-
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-
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Cash
Flows from Financing Activities:
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-
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-
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Increase
(Decrease) in Cash and Cash Equivalents
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1,958
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(
1,587
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)
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Cash
and Cash Equivalents – Beginning of Period
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440,420
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440,272
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Cash
and Cash Equivalents – End of Period
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$
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442,378
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$
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438,685
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Supplemental
Cash Flow Information:
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Cash
Paid for Interest
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$
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-
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$
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-
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Cash
Paid for Income Taxes
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$
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-
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$
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-
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ITEM 2. |
MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
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3.a.
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Articles
of Incorporation (1)
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3.b.
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By-Laws
(2)
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31
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Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 from the
Company’s Chief Financial Officer and Acting Chief Executive Officer
(3)
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32
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Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 from the
Company’s Chief Financial Officer and Acting Chief Executive Officer
(3)
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(1) |
Previously
filed as an exhibit to the Company’s Registration Statement on Form 10-SB
(SEC File No. 0-30432) filed on or about July 30, 1999, and incorporated
herein by this reference.
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(2) |
Previously
filed as an exhibit to Amendment No. 1 to the Company’s Registration
Statement on Form 10-SB (SEC File No. 01-15207) filed on or about
August
2, 1999, and incorporated herein by this
reference.
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(3) |
Filed
herewith.
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ARBOR
ENTECH CORPORATION
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Date:
September 12, 2008
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By:
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/s/
Mark Shefts
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Mark
Shefts,
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Chief
Financial Officer and
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Acting
Chief Executive Officer
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