mainbody.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
10-Q
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[X]
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Quarterly
Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
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For
the quarterly period ended September 30,
2008
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[ ]
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Transition
Report pursuant to 13 or 15(d) of the Securities Exchange Act of
1934
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For
the transition period __________ to __________
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Commission
File Number: 333-148775
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Liberto,
Inc.
(Exact
name of small business issuer as specified in its charter)
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Nevada
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N/A
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(State
or other jurisdiction of incorporation or
organization)
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(IRS
Employer Identification No.)
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Lot
7B Blk 7 Emerald St.,
Gold
Riverville Subd. Burgos, Montalban
Rizal, the
Philippines
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(Address
of principal executive offices)
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63-920-938-0830
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(Issuer’s
telephone number)
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_______________________________________________________________
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(Former
name, former address and former fiscal year, if changed since last
report)
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Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the issuer was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days [X]
Yes [ ] 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.
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[ ]
Large accelerated filer Accelerated filer
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[ ]
Non-accelerated filer
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[X]
Smaller reporting company
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Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). [X] Yes [ ] No
State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 2,150,000 common shares as of September 30,
2008.
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Page
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PART I – FINANCIAL
INFORMATION
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PART II – OTHER
INFORMATION
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PART
I - FINANCIAL INFORMATION
Item 1. Financial Statements
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Our
unaudited financial statements included in this Form 10-Q are as
follows:
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These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-Q. In the
opinion of management, all adjustments considered necessary for a fair
presentation have been included. Operating results for the interim
period ended September 30, 2008 are not necessarily indicative of the results
that can be expected for the full year.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
As
of September 30, 2008 and December 31, 2007
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ASSETS
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(unaudited)
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(audited)
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Current
Assets
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Cash
and equivalents
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$ |
-0- |
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$ |
35,000 |
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Prepaid
expenses
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-0- |
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4,000 |
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TOTAL
ASSETS
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$ |
-0- |
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$ |
39,000 |
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LIABILITIES
AND STOCKHOLDERS’ DEFICIT
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Current
Liabilities
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$ |
2,000 |
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$ |
-0- |
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Stockholders’
Deficit
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Common
Stock, $.001 par value, 90,000,000 shares authorized, 2,150,000
shares issued and outstanding
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2,150 |
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2,150 |
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Preferred
Stock, $.001 par value, 10,000,000 shares authorized, -0- shares
issued and outstanding
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-0- |
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-0- |
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Additional
paid-in capital
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40,850 |
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40,850 |
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Deficit
accumulated during the development stage
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(45,000) |
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(4,000) |
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Total
stockholders’ deficit
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(2,000) |
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39,000 |
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TOTAL
LIABILITIES AND STOCKHOLDERS’ DEFICIT
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$ |
-0- |
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$ |
39,000 |
See
accompanying notes to financial statements.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
Nine
Months and Three Months Ended September 30, 2008
Period
from November 8, 2007 (Inception) to September 30, 2008
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Period
from November
8, 2007 (Inception)
to September
30, 2008
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Revenues
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$ |
-0- |
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$ |
-0- |
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$ |
-0- |
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Expenses
:
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Professional
fees
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41,000 |
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2,000 |
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45,000 |
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Net
Loss
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$ |
(41,000) |
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$ |
(2,000) |
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$ |
(45,000) |
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Net
loss per share:
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Basic
and diluted
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$ |
(0.02) |
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$ |
(0.00) |
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$ |
(0.02) |
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Weighted
average shares outstanding:
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Basic
and diluted
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2,150,000 |
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2,150,000 |
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2,150,000 |
See
accompanying notes to financial statements.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
Period
from November 8, 2007 (Inception) to September 30, 2008
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Common
stock
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Additional
paid-in
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Deficit
accumulated
during
the
development
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Shares
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Amount
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capital
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stage
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Total
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Issuance
of common stock for
cash @$.001
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2,150,000 |
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$ |
2,150 |
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$ |
40,850 |
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$ |
- |
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$ |
43,000 |
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Loss
for the period ended December 31, 2007
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- |
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- |
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- |
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(4,000) |
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(4,000) |
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Balance,
December 31, 2007
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2,150,000 |
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2,150 |
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40,850 |
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(4,000) |
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39,000 |
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Net
loss for the nine months ended
September 30, 2008
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- |
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(41,000) |
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(41,000) |
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Balance,
September 30, 2008
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2,150,000 |
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$ |
2,150 |
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$ |
40,850 |
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$ |
(45,000) |
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$ |
(2,000) |
See
accompanying notes to financial statements.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
Nine
Months and Three Months Ended September 30, 2008
Period
from November 8, 2007 (Inception) to September 30, 2008
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Period
From November
8, 2007 (Inception)
to September
30, 2008
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CASH
FLOWS FROM OPERATING ACTIVITIES
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Net
loss
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$ |
(41,000) |
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$ |
(2,000) |
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$ |
(45,000) |
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Change
in non-cash working capital items
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0 |
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0 |
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Prepaid
expenses
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4,000 |
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Accrued
expenses
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2,000 |
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2,000 |
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2,000 |
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CASH
FLOWS USED BY OPERATING ACTIVITIES
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(35,000) |
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0 |
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(43,000) |
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CASH
FLOWS FROM FINANCING ACTIVITIES
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Proceeds
from sales of common stock
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0 |
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0 |
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43,000 |
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NET
INCREASE IN CASH
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0 |
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0 |
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0 |
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Cash,
beginning of period
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35,000 |
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0 |
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0 |
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Cash,
end of period
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$ |
0 |
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$ |
0 |
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$ |
0 |
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SUPPLEMENTAL
CASH FLOW INFORMATION
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Interest
paid
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Income
taxes paid
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$ |
0 |
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$ |
0 |
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$ |
0 |
See
accompanying notes to financial statements.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
September
30, 2008
NOTE
1 – SUMMARY OF ACCOUNTING POLICIES
Nature of
Business
LIBERTO,
Inc. (“Liberto”) is a development stage company and was incorporated in Nevada
on November 8, 2007. Liberto is in the business of developing,
manufacturing, and selling imitation lobster meat, and presently operates out of
office space owned by a director and stockholder of the Company. The
facilities are provided at no charge. There can be no assurances that
the facilities will continue to be provided at no charge in the
future.
Development
Stage Company
The
accompanying financial statements have been prepared in accordance with the
Statement of Financial Accounting Standards No. 7 ”Accounting and Reporting by
Development-Stage Enterprises”. A development-stage enterprise is one
in which planned principal operations have not commenced or if its operations
have commenced, there has been no significant revenues there from.
Basis
of Presentation
The
accompanying unaudited interim financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the rules of the Securities and Exchange Commission (“SEC”), and
should be read in conjunction with the audited financial statements and notes
thereto contained in the Company’s registration statement filed with the SEC on
Form SB-2. In the opinion of management, all adjustments, consisting
of normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the interim periods presented have
been reflected herein. The results of operations for interim periods
are not necessarily indicative of the results to be expected for the full
year. Notes to the financial statements which would substantially
duplicate the disclosure contained in the audited financial statements as of and
for the period ended December 31, 2007 as reported in Form SB-2, have been
omitted.
Cash
and Cash Equivalents
Liberto
considers all highly liquid investments with maturities of three months or less
to be cash equivalents. At September 30, 2008 the Company had $-0- of
cash.
Fair
Value of Financial Instruments
Liberto’s
financial instruments consist of cash and cash equivalents. The carrying amount
of these financial instruments approximates fair value due either to length of
maturity or interest rates that approximate prevailing market rates unless
otherwise disclosed in these financial statements.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
September
30, 2008
NOTE
1 – SUMMARY OF ACCOUNTING POLICIES (continued)
Income
Taxes
Income
taxes are computed using the asset and liability method. Under the
asset and liability method, deferred income tax assets and liabilities are
determined based on the differences between the financial reporting and tax
bases of assets and liabilities and are measured using the currently enacted tax
rates and laws. A valuation allowance is provided for the amount of
deferred tax assets that, based on available evidence, are not expected to be
realized.
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 disclosure of
contingent assets and liabilities at the date the financial statements and the
reported amount of revenues and expenses during the reporting
period. Actual results could differ from those
estimates.
Basic
loss per share
Basic
loss per share has been calculated based on the weighted average number of
shares of common stock outstanding during the period.
Recent
Accounting Pronouncements
Liberto
does not expect the adoption of recently issued accounting pronouncements to
have a significant impact on the Company’s results of operations, financial
position or cash flow.
NOTE
2 – PREPAID EXPENSES
Prepaid
expenses at December 31, 2007 consisted of an advance retainer paid to the
Company’s outside independent auditors for services to be rendered for periods
after the Company’s year-end.
NOTE
3 – ACCRUED EXPENSES
Accrued
expenses at September 30, 2008 consisted of amounts owed to the Company’s
outside independent auditors for services to be rendered for the period ended
September 30, 2008.
LIBERTO,
INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
September
30, 2008
NOTE
4 – INCOME TAXES
For
the period ended September 30, 2008, Liberto has incurred net losses and,
therefore, has no tax liability. The net deferred tax asset generated
by the loss carry-forward has been fully reserved. The cumulative net
operating loss carry-forward is approximately $45,000 at September 30, 2008, and
will expire beginning in the year 2027.
The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:
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2008
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Deferred
tax asset attributable to:
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Net
operating loss carryover
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$ |
15,300 |
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Valuation
allowance
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(15,300) |
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Net
deferred tax asset
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$ |
- |
NOTE
5 – LIQUIDITY AND GOING CONCERN
Liberto
has negative working capital, has incurred operating losses since inception, and
has not yet received revenues from sales of products or
services. These factors create substantial doubt about the Company’s
ability to continue as a going concern. The financial statements do
not include any adjustment that might be necessary if the Company is unable to
continue as a going concern.
The
ability of Liberto to continue as a going concern is dependent on the Company
generating cash from the sale of its common stock and/or obtaining debt
financing and attaining future profitable operations. Management’s
plans include selling its equity securities and obtaining debt financing to fund
its capital requirement and ongoing operations; however, there can be no
assurance the Company will be successful in these efforts.
Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations
Forward-Looking
Statements
Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934. These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions. We intend
such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of complying with
those safe-harbor provisions. Forward-looking statements are based on
current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain. Factors which could have a
material adverse affect on our operations and future prospects on a consolidated
basis include, but are not limited to: changes in economic conditions,
legislative/regulatory changes, availability of capital, interest rates,
competition, and generally accepted accounting principles. These risks and
uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise. Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.
Overview
We are
engaged in the business of developing, manufacturing, and selling imitation
lobster meat made from ground fish fillet, shrimp meat, crab meat, potato
starch, sodium alginate, egg, lobster flavor, S.M.G., sugar, and salt, which we
will produce specifically for major food retailers in Southeast Asia (our
"Product"). We intend that our Product will allow food retailers to offer a more
economical alternative to costly real lobster meat presently sold in the
Southeast Asian market. We are currently in the process of designing and
developing our Product formula. We are continually refining this formula through
experiments, testing different ingredients and percentage ratios.
When we
are satisfied that our Product will compete effectively in the Surimi Industry
by being the best tasting and most economical imitation lobster meat, we will
begin the manufacture and distribution of the Product to food
retailers.
Our
principal executive offices are located at 50 West Liberty Street, Suite 880,
Reno, NV 89501. Our telephone number is 63-920-938-0830. Our operations office
is located at Lot 7B Blk 7 Emerald St., Gold Riverville Subd. Burgos, Montalban,
Rizal, the Philippines.
Plan
of Operation
Product
Development
We intend
to continue the development and refinement of our Product over the coming
months. We will first focus on our experiments to improve the quality of our
Product to increase its appeal to consumers. We feel our final Product will
compete effectively in the marketplace due to its highly palatable flavor and
affordability relative to similar products in the marketplace.
Locate
Suitable Manufacturing
We do not
currently have any manufacturing facilities. Our management has contacted
several food processing companies in the Philippines, and has begun negotiations
for the manufacture of our Product on a contract basis. We are currently
negotiating price, payment, customer guarantee, shipping, inventory, delivery
schedule and returns. We plan to pursue this further upon the final development
and commercialization of our Product. Production of our imitation lobster meat
doesn't require any facilities or equipment beyond what is available to any food
processor. We could contract with any food processor to manufacture our Product
by following our instructions. We do not anticipate renting a warehouse at this
stage of our business. The food processor that will work with us will provide
packaging, storage, and shipping service for us as part of our agreement. All of
the raw materials necessary to produce our Product are available in the public
marketplace. We will only accept wholesale orders from wholesale distributors.
Once we receive wholesale orders, we will hold the order until certain
quantities, which will be pre-negotiated with food processors, are attained.
Then we will contract with the food processor to produce our Product for us at
pre-negotiated prices. Typically the order will be shipped within five business
days after we place the order.
Sales
and Distribution Strategy
Our goal
is for our imitation lobster meat to become a leading product in the surimi
marketplace in Southeast Asia. In order to achieve our goal, we intend to
increase awareness of our Product with potential customers, who we anticipate
will be major food retailers as wholesale customers and restaurants as end
users. We intend to do this by engaging in the following:
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Attending
national and regional food promotional events and conferences. There are
events and conferences managed by regional and central institutions and
organizations to promote food related products. We plan to attend a number
of events attended by food products merchants and restaurant
representatives in order to further expose our product. These events will
include trade meetings, promotional events, seminars, and conferences,
which are heavily attended by food products wholesalers, grocery store
owners and restaurant representatives, in order to further expose our
Product.
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Developing
direct marketing programs to attract retailers. In addition to attending
the foregoing conferences and seminars, we intend to market directly to
wholesalers, grocery stores, and restaurants. Our marketing will include
conducting seminars and the use of online and traditional advertising
media such as newspapers and trade
publications.
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Promoting
to the public through internet-based and traditional media advertising. We
intend to use Internet-based and traditional media to promote our product
directly to the public to raise public awareness of our product. A cost
conscious public could pull our Product through the supply chain if they
are properly educated regarding our
Product.
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We
will also mail our brochure to wholesale distributors, and, initially, we
will do special promotions providing small amounts of our Product to a few
major stores, while allowing them to pay us after three months. If the
market shows an interest in our Product, they will then begin to order
from us regularly. We will begin marketing from the Philippines, where our
directors have many contacts, and we will then move forward in marketing
our Product in China and other
countries.
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Sales
Personnel
We do not
currently employ any sales personnel. In the short term, we intend to use the
services of our management to sell our Product. As our Product approaches the
production stage, however, we plan to employ sales representatives in the
Philippines to promote and sell our product to wholesalers, retailers, and
end-user restaurants. These sales representatives will be responsible for
soliciting, selecting and securing accounts within a particular regional
territory. We expect to pay such sales representatives on a commission basis. In
addition, we may decide to pay each sales representative a base salary. We
expect to provide service and support to our sales representatives, including
advertising and sales materials. When we determine to expand our sales
internationally, we will employ sales personnel in various provinces of China
and other Southeast Asian nations.
In the
event we hire sales personnel, we do not intend to do so in the next twelve
months unless our revenues are enough to absorb the cost of these
personnel.
Expenses
We
estimate the costs to implement our business strategy over the following twelve
months to be:
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Travel
and Related expenses, which will consist primarily of our executive
officers and directors visiting food merchants and resellers in their
sales efforts. We estimate travel and related expenses for the next twelve
months will be approximately
$4,000;
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Initial
Marketing, which will consist of the marketing efforts discussed above,
including direct marketing and attendance at trade shows. We estimate
initial marketing expenses for the next twelve months will be
approximately $6,000;
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Research
and Development costs consist of developing and testing our Product and
determining the best combination of materials and suppliers for
production. We estimate that research and development costs for the next
twelve months will be approximately
$10,000.
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We intend
to obtain business capital through the use of private equity fundraising or
shareholders loans. We anticipate that, in time, the primary source of revenues
for our business model will be the sale of our Product.
Significant
Equipment
We do not
intend to purchase any significant equipment for the next twelve
months.
Results
of Operations for the Three and Nine Months Ended September 30, 2008 and Period
from November 8, 2007 (Date of Inception) until September 30, 2008
We
generated no revenue for the period from November 8, 2007 (Date of Inception)
until September 30, 2008. We do not anticipate revenues until we have completed
our Product and have successfully sold it in the market.
Our
Operating Expenses for the three months ended September 30, 2008 were
$2,000. Our Operating Expenses for the nine months ended September
30, 2008 were $41,000. Our Operating Expenses from November 8, 2007
(Date of Inception) to September 30, 2008 were $45,000. For each period our
Operating Expenses consisting entirely of Professional Fees. We, therefore,
recorded a net loss of $2,000 for the three months ended September 30, 2008,
$41,000 for the nine months ended September 30, 2008, and $45,000 for the period
from November 8, 2007 (Date of Inception) until September 30, 2008. Our
operating expenses are wholly attributable to professional fees associated with
the initial development of our business, legal expenses, and consulting
fees.
We
anticipate our operating expenses will increase as we undertake our plan of
operations. The increase will be attributable to the continued development of
our Product and the professional fees associated with being a reporting company
under the Securities Exchange Act of 1934.
Liquidity
and Capital Resources
As of
September 30, 2008, we had no current assets and $2,000 in current
liabilities. Thus, we have a negative working capital of September 30,
2008.
Operating
activities used $43,000 in cash for the period from November 8, 2007 (Date of
Inception) until September 30, 2008. Our net loss of $45,000 represented a
significant portion of all of our negative operating cash flow. Financing
Activities during the period from November 8, 2007 (Date of Inception) until
September 30, 2008 generated $43,000 in cash during the period.
As
demonstrated above, we expect to spend approximately $20,000 to implement our
business plan over the coming year. Our accounting, legal and administrative
expenses for the next twelve months are anticipated to be $30,000. As of
September 30, 2008, we had $0 in cash.
As of
September 30, 2008, we have insufficient cash to operate our business at the
current level for the next twelve months and insufficient cash to achieve our
business goals. The success of our business plan beyond the next 12 months is
contingent upon us obtaining additional financing. We intend to fund operations
through debt and/or equity financing arrangements, which may be insufficient to
fund our capital expenditures, working capital, or other cash requirements. We
do not have any formal commitments or arrangements for the sales of stock or the
advancement or loan of funds at this time. There can be no assurance that such
additional financing will be available to us on acceptable terms, or at
all.
Going
Concern
We have a
negative working capital and have not yet received revenues from sales of
products. These factors have caused our accountants to express substantial doubt
about our ability to continue as a going concern. The financial statements do
not include any adjustment that might be necessary if we are unable to continue
as a going concern.
Our
ability to continue as a going concern is dependent on our generating cash from
the sale of our common stock and/or obtaining debt financing and attaining
future profitable operations. Management’s plans include selling our equity
securities and obtaining debt financing to fund our capital requirement and
ongoing operations; however, there can be no assurance we will be successful in
these efforts.
Off
Balance Sheet Arrangements
As of
September 30, 2008, there were no off balance sheet arrangements.
Item 3. Quantitative and Qualitative
Disclosures about Market Risk
A smaller
reporting company is not required to provide the information required by this
Item.
Item 4T. Controls and
Procedures
We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of September 30, 2008. This evaluation
was carried out under the supervision and with the participation of our Chief
Executive Officer and our Chief Financial Officer, Rosielyn S.
Baclig. Based upon that evaluation, our Chief Executive Officer and
Chief Financial Officer concluded that, as of September 30, 2008, our disclosure
controls and procedures are effective. There have been no changes in
our internal controls over financial reporting during the quarter ended
September 30, 2008.
Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.
Limitations on the
Effectiveness of Internal Controls
Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are effective at that reasonable assurance level. Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.
PART
II – OTHER INFORMATION
Item 1. Legal Proceedings
We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.
A smaller
reporting company is not required to provide the information required by this
Item.
Item 2. Unregistered Sales of Equity
Securities and Use of Proceeds
None
Item 3. Defaults upon Senior
Securities
None
Item 4. Submission of Matters to a Vote
of Security Holders
No
matters have been submitted to our security holders for a vote, through the
solicitation of proxies or otherwise, during the quarterly period ended
September 30, 2008.
Item 5. Other Information
None
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Exhibit
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Description
of Exhibit
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SIGNATURES
In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Liberto,
Inc.
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Date:
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November 3,
2008
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By: /s/ Rosielyn S.
Baclig
Rosielyn
S. Baclig
Title: Chief
Executive Officer and
Director
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