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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ~~FORM 10-K~~

FORM (Mark One) : ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal period ended December 31, 2009 9 TRANSITION REPORT PURUANT TO UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 For the transition period from ________to _______ Commission File Number: 00010-~~49768~~ K

(Mark One) X ANNUAL REPORT ~~PREFERENTIAL~~UNDER ~~EQUITIES~~SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ~~CORP.~~ For the year ended December 31, 2010 TRANSITION REPORT UNDER SECTION 13 OR 15(~~Name~~d) ofOF ~~small~~THE ~~business~~SECURITIES ~~issuer~~EXCHANGE inACT ~~its~~OF ~~charter)~~1934 For the transition period from___________ to __________ Commission file number 000-49768 PREFERENTIAL EQUITIES CORP. (Exact name of registrant as specified in its charter) NEVADA ~~Nevada~~ 91-2015980 (State ofor other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ~~I.D.~~ No.) P.O. Box 741, Bellevue, WA 98009 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (425) 453-0355 Securities registered pursuant to Section 12(b) of the Act: ~~P.O.~~ ~~Box~~ Title ~~741,~~of ~~Bellevue,~~each class WA Name of each exchange on which registered ~~98009~~Not Applicable Not Applicable Securities registered pursuant to Section 12(~~Address~~g) of ~~principal~~the ~~executive~~Act: ~~offices)~~ Common Stock $0.001 par value per share ~~(Zip~~ ~~Code)~~ Indicate by check mark if the registrant is a well known seasoned issuer, as defined by Rule 405 of Securities Act Yes 9 No : Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes : No 9 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the ~~Issuer's~~registrant ~~telephone~~was ~~number~~ required to file such reports), and (~~425~~2) ~~453-0355~~has been subject to such filing requirements for the past 90 days. Yes : No 9 i

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (S 232.405 ~~Securities~~of ~~Registered~~this ~~under~~chapter) ~~Section~~during the preceding 12 months (b)or offor ~~the~~such ~~Exchange~~shorter period ~~Act:~~that the registrant was required to submit and post such files). Not Applicable. ~~None~~ Yes : No 9 ~~Securities~~Indicate ~~Registered~~ by check mark if disclosure of delinquent filers pursuant to ~~Section~~Item 12405 of Regulation S-K (g)S 229.405 of this chapter) is not contained herein, and will not be contained, to the ~~Act:~~best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Not Applicable. Yes : No 9 ~~Title~~Indicate ofby ~~each~~check ~~class~~mark whether the ~~Name~~registrant ofis ~~each~~large ~~exchange~~accelerated onfiler, ~~which~~an ~~registered~~ accelerated filer, a non accelerated ~~Common~~filer, ~~Stock~~or $0a small reporting company.~~001~~ ~~par~~See ~~value~~the ~~per~~definitions ~~share~~of "large accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one): ~~NOT~~ ~~APPLICABLE~~ Large accelerated filer 9 Accelerated filer 9 Non-accelerated filer 9 Smaller reporting company : Indicate by check mark ifwhether the registrant is a ~~well-known~~ ~~seasoned~~shell ~~issuer,~~company (as defined in Rule ~~405~~12b-2 of the ~~Securities~~ Act. ) 9 Yes : No 9 State the aggregate market value of the voting and non-voting common equity ~~Indicate~~held by ~~check~~non-affiliates ~~mark~~computed ~~whether~~by reference to the ~~issuer~~price isat ~~not~~which the common ~~required~~ equity towas ~~file~~last ~~reports~~sold, ~~pursuant~~or tothe ~~Section~~average 13bid orand ~~15(d)~~asked price of such common equity, as of the ~~Act~~last business day of the registrant's most recently completed second fiscal quarter. 9 Not ~~Yes :No~~Applicable APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Indicate by check mark whether the ~~Registrant~~registrant ~~(1)~~has filed all documents and reports required to be filed by Section 12, 13 orand 15(d) of the Securities ~~Exchange~~ Exchange Act of 1934 ~~during~~subsequent to the ~~preceding~~distribution ~~past~~of 12 ~~months~~ ~~(or~~ securities ~~for~~under ~~such~~a plan ~~shorter~~confirmed ~~period~~by a court ~~that~~Yes o No o ~~the~~ ~~Registrant~~ Not ~~was~~Applicable. ~~required~~ to ~~file~~ ~~such~~ (APPLICABLE ~~reports)~~ONLY ~~and~~TO (2CORPORATE REGISTRANTS) ~~has~~ ~~been~~ ~~subject~~Indicate tothe ~~such~~number ~~filing~~of ~~requirements~~shares ~~for~~outstanding of each of the ~~past~~Registrant's 90classes of ~~days~~common stock, as of the latest practicable date. 9 ~~Yes :~~ No 5,000,000 common shares issued and outstanding as of March 30, 2011 DOCUMENTS INCORPORATED BY REFERENCE None

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, indefinitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendments to this Form 10-K. 9 Yes : No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. 9 Yes : No Indicate by check mark whether the registrant is a a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer 9 Accelerated filer 9 Non-accelerated filer 9 (Do not check if a smaller reporting company) Smaller reporting company :

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) : Yes 9 No State Registrant's revenues for its most recent fiscal year: $0 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of last business day of the registrant's most recently completed second fiscal quarter. N/A Note - If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions under the circumstances, provided that the assumptions are set forth in this Form. APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTSY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. N/A Yes 9 No 9 (APPLICABLE ONLY TO CORPORATE REGISTRANTS) Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date. 5,000,000 common shares issued and outstanding as of March 25, 2010. DOCUMENTS INCORPORATED BY REFERENCE None.

Table ~~FORWARD LOOKING INFORMATION 1 PART I 1 Item 1. Description~~ of Business 1 Formation. 1 Our Business. 1 Competition. 1 Research and Development. 2 Environmental Compliance. 2 Government Regulation. 2 Employees. 4 Reports to Securities Holders. 4 Risk Factors. 4 Item 1A. Risk Factors. 6 Item 1B. Unresolved Staff Comments. 6 Item 2. Description of Property. 7 Item 3. Legal Proceedings. 7 Item 4. Submissions of Matters to a Vote of Security Holders. 7 PART II 7 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 7 General. 7 Dividend Policy. 7 No Equity Compensation Plan. 7 Recent Sales of Unregistered Securities. 7 Item 6. Selected Financial Data 7 Item 7. Management Discussion and Analysis or Plan of Operations. 8 2008 Business Environment. 8 Plan of Operations. 8 Item 7A. Quantitive and Qualitive Disclosure About Market Risk. 9 Item 8. Financial Statements and Supplementary Data. 9 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure. 20 Item 9A. Controls and Procedures. 20 (a) Evaluation of Disclosure Controls and Procedures. 20 (b) Internal Control Over Financial Reporting. 19 Item 9A(T) - Controls and Procedures. 21 Item 9B. Other Information. 21 PART III 21 Item 10. Directors and Executive Officers, Promoters and Corporate Governance. 21 Identification of Directors and Executive Officers 21 Background of Officers and Directors. 21 Significant Employees. 22 Involvement in Certain Legal Proceedings. 22 Family Relationships. 22 Audit Committee Financial Expert. 22 Compliance with Section 16(a) of the Securities Exchange Act of 1934. 22 Code of Ethics. 22 Item 11. Executive Compensation. 23 Summary Compensation of Executive Officers. 23 Compensation of Directors. 23 Contents

FORWARD LOOKING INFORMATION

PART I 1

Item 1. Business. 1

Formation 1

Our Business 1

Competition 1

Research and Development 2

Environmental Compliance 2

Government Regulation 2

Employees 4

Reports to Securities Holders 4

Item 1A. Risk Factors. 4

Risks Related to Our Business and Industry 4

Risks Related to Owning Our Common Stock 4

Item 1B. Unresolved Staff Comments 6

Item 2. Property 6

Item 3. Legal Proceedings 6

Item 4.( Removed and Reserved) 6

PART II 7

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of 7

Equity Securities 7

General 7

Dividend Policy 7

No Equity Compensation Plan 7

Recent Sales of Unregistered Securities 7

Item 6. Selected Financial Data 7

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

2010 Business Environment 7

Results of Operation 7

Off-Balance Sheet Arrangement 8

Capital Expenditure Commitments 8

Plan of Operations 8

Item 7A. Quantitive and Qualitive Disclosure About Market Risk. 10

Item 8. Financial Statements and Supplementary Data 10

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 21

Item 9A. Controls and Procedures 21

(a) Evaluation of Disclosure Controls and Procedures 21

(b) Internal control over financial reporting 21

Changes in Internal Controls 22

ITEM 9A(T) - Controls and Procedures above 22

Item 9B. Other Information 22

PART III 22

Item 10. Directors and Executive Officers and Corporate Governance 22

Identification of Directors and Executive Officers 22

Background of Officers and Directors 22

Significant Employees 23

Involvement in Certain Legal Proceedings 23

Family Relationships 23

Audit Committee Financial Expert 23

Compliance with Section 16(a) of the Securities Exchange Act of 1934 23

Code of Ethics 23

iii

Item 11. Executive Compensation. 24 Summary Compensation of Executive Officers 24 ~~Employment~~Compensation of Directors 24 Employment Contracts and Termination of Employment or Change of Control. 24 Compensation of Directors 2324 Board of Directors Report on Executive Compensation 25 Stock Options/SAR Grants 25 Long-Term Incentive Plans/ Equity Compensation Plan. 2325 Stock Option Plans 25 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 2425 Principle Stockholders. 25 24 ~~Equity Compensation Plan. 24~~ Changes in Control. 2426 Item 13. Certain Relationships and Related Transactions, and Director Independence. 2326 Certain Relationships and Related Transactions. 26 24 Director Independence. 2326 Item 14. Principal ~~Accountant~~Accounting Fees and Services. 2526 Fees ~~Fees~~ and Services. 26 25 Pre-Approval Policies and Procedures. 2526 PART IV 2527 Item 15. Exhibits, Financial Statement Schedules~~, and Reports on Form 8-K.~~ 2527 SIGNATURES 2627

FORWARD LOOKING ~~INFORMATION~~INFORMATIO
N

This annual report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. ~~These~~ These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

PART I

Item 1. ~~Description of~~ Business.

Formation.

Preferential Equities Corp. ("Preferential"), was incorporated on October 2, 2006 in the State of Nevada, to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. Pursuant to the Articles of Incorporation, Preferential is authorized to issue 100,000,000 shares of Common Stock at $0.001 par value. Each holder of the Common Stock shall be entitled to one vote for each share of Common Stock held. As of December 31, ~~209~~2010, there ~~are~~were 5,000,000 shares of Common Stock outstanding.

Our Business.

Preferential has been in the developmental stage since inception and has no operations to date. Other than issuing shares to its shareholders, Preferential never commenced any operational activities. As such, Preferential can be defined as a "shell" or "blank check" company, whose sole purpose at this time is to locate and consummate a merger or acquisition with a private entity. The Board of Directors of Preferential has elected to commence implementation of Preferential's principal business purpose.

Preferential is filing this registration statement on a voluntary basis because the primary attraction of Preferential as a merger partner or acquisition vehicle will be its status as a reporting public company. Any business combination or transaction may potentially result in a significant issuance of shares and substantial dilution to present stockholders of Preferential.

The proposed business activities described herein classify Preferential as a "blank check" company. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies in their respective jurisdictions. Harry Miller, the primary shareholder of Preferential, has expressed his intention that he has no plan to sell his respective shares of Preferential's common stock until such time as Preferential has successfully consummated a merger or acquisition and Preferential is no longer classified as a "blank check" company, and he has also expressed his intention not to sell his shares unless the shares are subsequently registered or if an exemption from registration is available.

Competition.

We will compete with other blank check companies that have a business objective similar to ours. Some of our competitors are the remains of failed or discontinued businesses. As failed or discontinued businesses, these blank check companies have ceased their day-to-day operations but have maintained their public corporate structure. Some of our competitors are blank check ~~companies~~ companies that publicly distributed shares under Rule 419 of the Securities Exchange Act of 1934. Some of our competitors file reports with the Securities and Exchange Commission, and some do not. Some of our competitors have securities that trade in the over-the-counter securities markets, and some do not.

We believe that the principal competitive factors in our business may be summarized as follows:

Speed in Completing         ~~Blank check companies that are able to consummate merger or~~
Blank check companies that are able to consummate merger or
Transaction                        ~~acquisition transactions quickly are more attractive to owners of privately-held companies than those blank check companies that must move more slowly to consummate a transaction.~~
acquisition transactions quickly are more attractive to owners of privately-held companies than those blank check companies that must move more slowly to consummate a transaction.
Control Status                    ~~Blank check companies that can offer a controlling interest to the owners of a privately-held company are more attractive than blank check companies that cannot implement a change in control.~~
Blank check companies that can offer a controlling interest to the owners of a privately-held company are more attractive than blank check companies that cannot implement a change in control.
Trading Status                    ~~Blank check companies that are listed for trading or eligible for immediate listing are generally more attractive than blank check companies that will be required to pursue a listing at a future date.~~
Blank check companies that are listed for trading or eligible for immediate listing are generally more attractive than blank check companies that will be required to pursue a listing at a future date.
Available Resources          ~~Blank check companies that have available resources, particularly cash resources, are generally more attractive than blank check companies that have no available resources.~~
Blank check companies that have available resources, particularly cash resources, are generally more attractive than blank check companies that have no available resources.
Prior Operations                ~~Blank check companies that have no prior operations are generally more attractive than blank check companies that have prior operations and the potential for contingent liabilities.~~
Blank check companies that have no prior operations are generally more attractive than blank check companies that have prior operations and the potential for contingent liabilities.
Stock ~~Distribution              Blank check~~ companies that have a substantial number of existing stockholders and a relatively even distribution of stock ownership are generally more desirable than blank check companies that have a small number of stockholders, or a few stockholders who control large blocks of stock. Distribution
Blank check companies that have a substantial number of existing stockholders and a relatively even distribution of stock ownership are generally more desirable than blank check companies that have a small number of stockholders, or a few stockholders who control large blocks of stock.

We believe Preferential will remain an insignificant participant among the companies which engage in the acquisition of business opportunities. There are many established venture capital and financial concerns which have significantly greater financial and personnel resources and technical expertise than Preferential. In view of Preferential's combined extremely limited financial resources and limited management availability, Preferential will continue to be at a significant competitive disadvantage compared to Preferential's competitors.

Research and Development.

Our Lack of Market Research or Marketing Organization Could Adversely ~~Affect~~ Affect Our Ability to Successfully Find and Conclude a Merger or Acquisition. Preferential has neither conducted, nor have others made available to it, results of market research indicating that market demand exists for the transactions contemplated by Preferential. Moreover, Preferential does not have, and does not plan to establish, a marketing organization. Even in the event demand is identified for a merger or acquisition contemplated by Preferential, there is no assurance Preferential will be successful in completing any such business combination.
. Preferential has neither conducted, nor have others made available to it, results of market research indicating that market demand exists for the transactions contemplated by Preferential. Moreover, Preferential does not have, and does not plan to establish, a marketing organization. Even in the event demand is identified for a merger or acquisition contemplated by Preferential, there is no assurance Preferential will be successful in completing any such business combination.

Environmental Compliance.

The nature of Preferential's business does not require special environmental or local government approval. Preferential is compliant with all environmental laws. There is no cost to Preferential for such compliance.

Government Regulation.

Securities Exchange Act of 1934, as amended, (the "1934 Act"). Sections 13 and 15(d) of the 1934 Act requires companies subject thereto to provide certain information about significant acquisitions, including certified financial statements for the company acquired, covering one, two, or three years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target entities to prepare such statements may significantly delay or essentially preclude consummation of an otherwise desirable acquisition by the Company. Acquisition prospects that do not have or are unable to obtain the required audited statements may not be appropriate for acquisition so long as the reporting requirements of the 1934 Act are applicable.
. Sections 13 and 15(d) of the 1934 Act requires companies subject thereto to provide certain information about significant acquisitions, including certified financial statements for the company acquired, covering one, two, or three years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target entities to prepare such statements may significantly delay or essentially preclude consummation of an otherwise desirable acquisition by the Company. Acquisition prospects that do not have or are unable to obtain the required audited statements may not be appropriate for acquisition so long as the reporting requirements of the 1934 Act are applicable.

~~1. are now~~SEC ~~prohibited~~Shell ~~from~~Company ~~using Form S-8 (the abbreviated registration statement used to register securities issued under employee benefit plans) until 60 days after it ceases to be a shell company;;~~Rules
. On June 29, 2005, the Securities and Exchange Commission adopted final rules amending the Form S-8 and the Form 8-K for shell companies. These rules were published in the Federal Register on July 21, 2005 and were made effective as of August 22, 2005, except for an amendment to Item 5.06 of the Form 8-K that became effective on November 5, 2005. The amendments expand the definition of a shell company to be a company with no or nominal operations, assets consisting of cash and cash equivalents, or assets consisting of any amount of cash and cash equivalents and nominal other assets. Shell companies, as a result of these rule changes:

~~2. must include~~are ~~current~~now ~~Form~~prohibited 10from orusing Form 10S-SB8 ~~information,~~(the ~~including~~abbreviated ~~audited financial~~registration ~~statements~~ instatement ~~the~~used ~~Form~~to ~~8-K~~register ~~that~~securities ~~the~~issued ~~shell~~under ~~company~~employee ~~files~~benefit toplans) ~~report~~until an60 ~~event~~days ~~that causes~~after it ceases to ~~cease~~be ~~being~~ a shell company;;
3. must include current Form 10 or Form 10-SB information, including audited ~~file~~ financial statements ~~within~~in ~~four~~the ~~days~~Form ~~about~~8-K that the ~~transaction;~~shell ~~and~~ company files to report an event that causes it to cease being a shell company;
~~4. where an~~must ~~operating~~file ~~company~~financial ~~acquires~~statements awithin ~~shell~~four ~~company~~days ~~and~~about the ~~operating company survives the~~ transaction; ~~the operating company will have acquired control of the shell for purposes of the definition of "succession" under the final rules~~ and ~~the operating company, as the surviving entity, will be~~ ~~required~~ ~~to file a Form 8-K under Item 5.01.~~
~~Prior to~~where ~~the~~an ~~new~~operating ~~rules,~~company ~~financial~~acquires ~~statements~~a ofshell ~~the acquired private~~ company ~~were~~and ~~not~~the operating ~~required~~ tocompany besurvives ~~filed~~the ontransaction; ~~Form~~the ~~8-K~~operating ~~until~~company 75will ~~days~~have ~~after~~acquired ~~completion~~control of the ~~merger or~~shell ~~acquisition. Also,~~for ~~detailed information~~purposes ~~about~~of the ~~business~~definition ~~and management~~ of ~~the~~"succession" ~~acquired~~under ~~private company~~the ~~was~~ ~~not~~final ~~required~~rules ~~until~~and the ~~reporting~~operating company ~~filed its next annual report on Form 10-KSB. As a result~~, ~~securities~~as of the ~~new~~surviving entity, ~~could~~will be ~~traded for up~~ to 75required ~~days with investors having little or no access~~ to ~~vital~~file ~~information about the acquired private company. These rule changes will add additional cost onto completing~~ a ~~merger~~Form or8-K ~~acquisition transaction~~under ~~and~~Item ~~may make us less attractive as a means of going public~~5.01.

~~Sarbanes-Oxley Act~~Prior ~~of 2002. On~~to ~~July~~the ~~30,~~new ~~2002~~rules, ~~President~~financial ~~Bush~~statements ~~signed~~of the acquired private company ~~into~~were ~~law~~not ~~the~~required ~~Sarbanes~~to be filed on Form 8-~~Oxley~~K ~~Act~~until 75 days after completion of ~~2002,~~the merger or ~~the~~ ~~SOA~~acquisition. ~~SOA~~Also, ~~imposes~~detailed ainformation ~~wide~~about ~~variety~~the business and management of ~~new~~the ~~requirements~~acquired onprivate ~~both~~company ~~U.S.~~was ~~and~~not required until the reporting ~~non~~company filed its next annual report on Form 10-UKSB.S. ~~companies~~As a result, ~~that~~securities ~~file~~of the ornew ~~are~~entity ~~required~~could tobe ~~file~~traded ~~periodic~~for ~~reports~~up to 75 days with ~~the~~investors having little or ~~SEC~~no ~~(the~~access ~~"SEC")~~to ~~under~~vital ~~the~~information ~~Securities~~about ~~Exchange~~the ~~Act~~acquired ofprivate ~~1934~~company. ~~Many~~ ofThese ~~these~~rule changes ~~new~~will ~~requirements~~add ~~will~~additional ~~affect~~cost onto completing a merger or acquisition ustransaction and ~~our~~may ~~board~~make ofus ~~directors. For instance,~~less ~~under~~attractive ~~SOA~~as wea ~~are~~means ~~required~~of ~~to:~~going public.

~~· form~~Sarbanes-Oxley anAct ~~audit~~of ~~committee in compliance with SOA;~~2002
. On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002, or the SOA. SOA imposes a wide variety of new requirements on both U.S. and non-U.S. companies, that file or are required to file periodic reports with the SEC (the "SEC") under the Securities Exchange Act of 1934. Many of these new requirements will affect us and our board of directors. For instance, under SOA we are required to:

~~· our~~form ~~chief~~an ~~executive~~audit ~~office~~committee and chief financial officer are required to certify our financial statements; ensure our directors and senior officers are required to forfeit all bonuses or other incentive-based compensation and profits received from the sale of our securities in ~~the~~compliance ~~twelve~~with ~~month period following initial publication of any of our financial statements that later require restatement~~SOA;
· our chief executive office and chief financial officer are required to ~~disclose~~ ~~any~~certify ~~off-balance~~our ~~sheet~~financial ~~transactions~~statements; as ensure our directors and senior officers are required byto ~~SOA~~forfeit all bonuses or other incentive-based compensation and profits received from the sale of our securities in the twelve month period following initial publication of any of our financial statements that later require restatement;
~~· prohibit~~disclose ~~all~~any ~~personal~~off-balance ~~loans~~sheet totransactions ~~directors~~as ~~and~~required ~~officers~~by SOA;
~~· ensure~~prohibit ~~directors,~~all ~~officers~~personal ~~and~~loans ~~10%~~to ~~holders~~directors ~~file~~and ~~their Forms 4's within two days of a transaction~~officers;
~~· adopt~~ensure adirectors, ~~code~~officers ofand ~~ethics~~10% ~~and~~holders file atheir ~~Form~~Forms ~~8-K~~4's ~~whenever~~within ~~there is a change or~~two ~~waiver~~ days of ~~this~~a ~~code~~transaction; ~~and ensure our auditor is independent as defined by SOA.~~
~~SOA~~adopt ~~has~~a ~~required~~code ~~us to~~of ~~review~~ethics ~~our current procedures~~ and ~~policies~~file toa ~~determine~~Form ~~whether~~8-K ~~they~~whenever ~~comply with~~there ~~the~~is ~~SOA~~a ~~and~~change ~~the~~or ~~new~~waiver ~~regulations~~of ~~promulgated~~this ~~thereunder.~~code; ~~We will continue~~and to ~~monitor~~ensure our ~~compliance~~auditor ~~with~~is ~~all~~independent ~~future~~as ~~regulations~~defined ~~that~~by ~~are adopted under the~~ SOA ~~and will take whatever actions are necessary to ensure that we are in compliance~~.

~~Investment~~SOA ~~Company~~has ~~Act~~required ofus ~~1940. Although we are subject~~ to ~~regulation~~ ~~under~~review ~~the~~our ~~Securities~~current ~~Act~~procedures ~~of 1933~~ and ~~the~~policies ~~Securities Exchange Act of 1934, we believe Preferential will not be subject~~ to ~~regulation~~determine ~~under~~whether ~~the~~they ~~Investment~~comply ~~Company~~with ~~Act of 1940 insofar as we are not engaged in~~ the ~~business~~SOA ofand ~~investing or trading in securities. In~~ the ~~event~~new ~~that we~~regulations ~~engage~~promulgated ~~in a business combination which results in us holding passive investment interests in a number of entities, we could be subject to regulation under the Investment Company Act of 1940~~thereunder. In ~~such~~We anwill ~~event,~~continue ~~we would be required~~ to ~~register~~ asmonitor anour ~~investment company and could be expected to incur significant registration and~~ compliance ~~costs.~~with ~~We have obtained no formal determination~~all ~~from~~future ~~the~~regulations ~~SEC~~that asare toadopted ~~the status of Preferential~~ under the ~~Investment Company~~SOA ~~Act of 1940~~ and, ~~consequently,~~will ~~any~~take ~~violation~~whatever ~~of such Act~~actions ~~would~~are ~~subject~~necessary us to ~~material~~ensure ~~adverse~~that ~~consequences.~~we ~~Preferential~~are ~~presently believes~~in ~~it is exempt from the Investment Company Act of 1940 via Regulation 3a-2 thereto~~compliance.

3Investment Company Act of 1940
. Although we are subject to regulation under the Securities Act of 1933 and the Securities Exchange Act of 1934, we believe Preferential will not be subject to regulation under the Investment Company Act of 1940 insofar as we are not engaged in the business of investing or trading in securities. In the event that we engage in a business combination which results in us holding passive investment interests in a number of entities, we could be subject to regulation under the Investment Company Act of 1940. In such an event, we would be required to register as an investment company and could be expected to incur significant registration and compliance costs. We have obtained no formal determination from the SEC as to the status of Preferential under the Investment Company Act of 1940 and, consequently, any violation of such Act would subject us to material adverse consequences. Preferential presently believes it is exempt from the Investment Company Act of 1940 via Regulation 3a-2 thereto.

Investment Advisor Act of 1940. We are not an "investment adviser" under the Federal Investment Adviser Act of 1940, which classification would involve a number of negative considerations. Accordingly, we do not and will not furnish or distribute advice, counsel, publications, writings, analysis or reports to anyone relating to the purchase or sale of any securities within the language, meaning and intent of Section 2(a)(11) of the Investment Adviser Act of 1940, 15 U.S.C. 3

~~Employees.~~Investment Advisor Act of 1940
. We are not an "investment adviser" under the Federal Investment Adviser Act of 1940, which classification would involve a number of negative considerations. Accordingly, we do not and will not furnish or distribute advice, counsel, publications, writings, analysis or reports to anyone relating to the purchase or sale of any securities within the language, meaning and intent of Section 2(a)(11) of the Investment Adviser Act of 1940, 15 U.S.C.

We have no full time or part time employees. Harry Miller, our president, has agreed to allocate a portion of his time to our activities, without compensation. We anticipate that our business plan can be implemented through the efforts of Mr. Miller who devotes up to 5% of his work week to our business affairs, consequently, conflicts of interest may arise with respect to the limited time commitment by Mr. Miller. Employees

~~Reports~~We have no full time or part time employees. Harry Miller, our president, has agreed to ~~Securities~~allocate ~~Holders~~a portion of his time to our activities, without compensation. We anticipate that our business plan can be implemented through the efforts of Mr. Miller who devotes up to 5% of his work week to our business affairs, consequently, conflicts of interest may arise with respect to the limited time commitment by Mr. Miller.

WeReports ~~are required~~ to ~~file~~Securities annual reports on Form 10-Kand quarterly reports on Form 10-Q with the SEC on a regular basis, and will be required to timely disclose certain material events (e.g., changes in corporate control; acquisitions or dispositions of a significant amount of assets other than in the ordinary course of business; and bankruptcy) in a current report on Form 8-K.Holders

~~You~~We ~~may~~are ~~read~~required ~~and~~to ~~copy~~file ~~any~~annual ~~materials~~reports weon ~~file~~Form ~~with~~10-Kand ~~the SEC~~quarterly atreports ~~their~~on Form ~~Public~~10-Q ~~Reference~~with ~~Room~~the ~~Office,~~SEC ~~100~~on Fa ~~Street,~~regular NEbasis, ~~Room~~and ~~1580,~~will ~~Washington,~~be ~~D.C.~~required ~~20549-0102. You~~to ~~may obtain~~timely ~~information~~disclose oncertain ~~the~~material ~~operation~~events of(e.g., ~~the~~changes ~~Public~~in ~~Reference~~corporate ~~Room~~control; acquisitions byor ~~calling~~dispositions ~~the~~of ~~SEC~~a ~~at 1-800-SEC-0330.~~significant ~~Additionally,~~amount ~~the~~of ~~SEC~~assets ~~maintains~~other anthan ~~Internet~~in ~~site~~the ~~(http://www.sec.gov)~~ordinary ~~that~~course ~~contains~~of ~~reports,~~business; ~~proxy~~ and ~~information~~bankruptcy) ~~statements and~~in ~~other~~a ~~information~~current ~~regarding~~report ~~issuers~~on ~~that~~Form ~~file electronically with the SEC~~8-K.

~~Risk~~You ~~Factors~~may read and copy any materials we file with the SEC at their Public Reference Room Office, 100 F Street, NE, Room 1580, Washington, D.C. 20549-0102. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Additionally, the SEC maintains an Internet site (http://www.sec.gov) that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.

~~Risks~~Item ~~Related~~1A. toRisk ~~Our Business and Industry~~Factors

~~Preferential~~Risks ~~Has~~Related ~~No Operating History That Can Be Used~~ to ~~Evaluate~~Our ~~its Future~~ Business ~~Prospects. Preferential~~and was incorporated in the state of Nevada on October 2, 2006. Preferential has had no operating history nor any revenues or earnings from operations since inception. Preferential has little or no tangible assets or financial resources. Preferential will, in all likelihood, continue to sustain operating expenses without corresponding revenues, at least until the consummation of a business combination. This may result in Preferential incurring a net operating loss which will increase continuously until Preferential can consummate a business combination with a profitable business opportunity.Industry

~~There~~Preferential IsHas No ~~Assurance~~Operating History That ~~Preferential's~~ ~~Proposed~~Can ~~Operations Will~~ Be ~~Successful. The~~Used ~~success of Preferential's proposed plan of operation will depend~~ to aEvaluate ~~great extent~~its ~~on the operations, financial condition and management of the identified~~Future ~~business~~Business opportunity. While management intends to seek business combination(s) with entities having established operating histories, there can be no assurance that Preferential will be successful in locating candidates meeting such criteria. In the event Preferential completes a business combination, of which there can be no assurance, the success of Preferential's operations may be dependent upon management of the successor firm or venture partner firm and numerous other factors beyond Preferential's control. There is no assurance that Preferential can identify such a business opportunity and consummate such a business combination. Preferential's sole officer and director does not have any direct experience with black check companies or related transactions. Preferential has not made any attempts to negotiate or consummate a merger with, or acquisition of, a private company.Prospects
. Preferential was incorporated in the state of Nevada on October 2, 2006. Preferential has had no operating history nor any revenues or earnings from operations since inception. Preferential has little or no tangible assets or financial resources. Preferential will, in all likelihood, continue to sustain operating expenses without corresponding revenues, at least until the consummation of a business combination. This may result in Preferential incurring a net operating loss which will increase continuously until Preferential can consummate a business combination with a profitable business opportunity.

~~Risks~~There ~~Related~~Is toNo ~~Owning~~Assurance ~~Our~~That ~~Common~~Preferential's ~~Stock~~Proposed Operations Will Be Successful
. The success of Preferential's proposed plan of operation will depend to a great extent on the operations, financial condition and management of the identified business opportunity. While management intends to seek business combination(s) with entities having established operating histories, there can be no assurance that Preferential will be successful in locating candidates meeting such criteria. In the event Preferential completes a business combination, of which there can be no assurance, the success of Preferential's operations may be dependent upon management of the successor firm or venture partner firm and numerous other factors beyond Preferential's control. There is no assurance that Preferential can identify such a business opportunity and consummate such a business combination. Preferential's sole officer and director does not have any direct experience with black check companies or related transactions. Preferential has not made any attempts to negotiate or consummate a merger with, or acquisition of, a private company.

~~State~~Risks ~~Blue~~Related ~~Sky~~to ~~Registration~~Owning ~~Laws Will~~Our ~~Restrict the Resales of the Preferential's Stock. Transferability of the shares of~~ Common ~~Stock~~ of Preferential is very limited because a significant number of states have enacted regulations pursuant to their securities or so-called "blue sky" laws restricting or, in many instances, prohibiting, the initial sale and subsequent resale of securities of "blank check" companies such as Preferential within that state. In addition, many states, while not specifically prohibiting or restricting "blank check" companies, would not register the securities of Preferential for sale or resale in their states. Because of these regulations, Preferential currently has no plan to register any securities of Preferential with any state. To ensure that any state laws are not violated through the re-sales of the securities of Preferential, Preferential will refuse to register the transfer of any securities of Stock

4State Blue Sky Registration Laws Will Restrict the Resales of the Preferential's Stock
. Transferability of the shares of Common Stock of Preferential is very limited because a significant number of states have enacted regulations pursuant to their securities or so-called "blue sky" laws restricting or, in many instances, prohibiting, the initial sale and subsequent resale of securities of "blank check" companies such as Preferential within that state. In addition, many states, while not specifically prohibiting or restricting "blank check" companies, would not register the securities of Preferential for sale or resale in their states. Because of these regulations, Preferential currently has no plan to register any securities of Preferential with any state. To ensure that any state laws are not violated through the re-sales of the securities of Preferential, Preferential will refuse to register the transfer of any securities of Preferential, to residents of any state, which prohibit such resale or if no exemption is available for such resale. It is not anticipated that a secondary trading market for Preferential's securities will develop in any state until subsequent to consummation of a Business Combination, if at all.

Preferential, to residents of any state, which prohibit such resale or if no exemption is available for such resale. It is not anticipated that a secondary trading market for Preferential's securities will develop in any state until subsequent to consummation of a Business Combination, if at all.4

Preferential Will Face Scarcity of and Competition for Business Opportunities and Combinations and as a Result May Never Complete a Merger or Acquisition. Preferential is and will continue to be an insignificant participant in the business of seeking mergers with, joint ventures with and acquisitions of small private and public entities. A large number of established and well-financed entities, including venture capital companies, are active in mergers and acquisitions of companies which may be desirable target candidates for Preferential. Nearly all such entities have significantly greater financial resources, technical expertise and managerial capabilities than Preferential and, consequently, Preferential will be at a competitive disadvantage in identifying possible business opportunities and successfully completing a business combination. Moreover, Preferential will also compete in seeking merger or acquisition candidates with numerous other small public companies.
. Preferential is and will continue to be an insignificant participant in the business of seeking mergers with, joint ventures with and acquisitions of small private and public entities. A large number of established and well-financed entities, including venture capital companies, are active in mergers and acquisitions of companies which may be desirable target candidates for Preferential. Nearly all such entities have significantly greater financial resources, technical expertise and managerial capabilities than Preferential and, consequently, Preferential will be at a competitive disadvantage in identifying possible business opportunities and successfully completing a business combination. Moreover, Preferential will also compete in seeking merger or acquisition candidates with numerous other small public companies.

Preferential Has Not Entered into an Agreement for a Specific Business Combination or Other Transaction and May Never be Successful in Finding or Concluding Such an Agreement. Preferential has no arrangement, agreement or understanding with respect to engaging in a merger with, joint venture with or acquisition of, a private or public entity. There can be no assurance Preferential will be successful in identifying and evaluating suitable business opportunities or in concluding a business combination. Management has not identified any particular industry or specific business within an industry for evaluation by Preferential. There is no assurance Preferential will be able to negotiate a business combination on terms favorable to Preferential. Preferential has not established a specific length of operating history or a specified level of earnings, assets, net worth or other criteria which it will require a target business opportunity to have achieved, and without which Preferential would not consider a business combination in any form with such business opportunity. Accordingly, Preferential may enter into a business combination with a business opportunity having no significant operating history, losses, limited or no potential for earnings, limited assets, negative net worth or other negative characteristics.
. Preferential has no arrangement, agreement or understanding with respect to engaging in a merger with, joint venture with or acquisition of, a private or public entity. There can be no assurance Preferential will be successful in identifying and evaluating suitable business opportunities or in concluding a business combination. Management has not identified any particular industry or specific business within an industry for evaluation by Preferential. There is no assurance Preferential will be able to negotiate a business combination on terms favorable to Preferential. Preferential has not established a specific length of operating history or a specified level of earnings, assets, net worth or other criteria which it will require a target business opportunity to have achieved, and without which Preferential would not consider a business combination in any form with such business opportunity. Accordingly, Preferential may enter into a business combination with a business opportunity having no significant operating history, losses, limited or no potential for earnings, limited assets, negative net worth or other negative characteristics.

Mr. Miller, Our Sole Director and Officer, Will Only Devote Part Time Efforts to Preferential Due to His Involvement in Other Business Interests Which May Further Limit Our Likelihood of Success. While seeking a business combination, Harry Miller, President of Preferential anticipates devoting up to ten hours per month to the business of Preferential. Harry Miller will be the only person responsible in conducting the day to day operations of Preferential including searches, evaluations, and negotiations with potential merger or acquisition candidates. Preferential has not entered into any written employment agreement with Harry Miller and is not expected to do so in the foreseeable future. Preferential has not obtained key man life insurance on Harry Miller. The loss of the services of Harry Miller would adversely affect development of Preferential's business and its likelihood of continuing operations.
. While seeking a business combination, Harry Miller, President of Preferential anticipates devoting up to ten hours per month to the business of Preferential. Harry Miller will be the only person responsible in conducting the day to day operations of Preferential including searches, evaluations, and negotiations with potential merger or acquisition candidates. Preferential has not entered into any written employment agreement with Harry Miller and is not expected to do so in the foreseeable future. Preferential has not obtained key man life insurance on Harry Miller. The loss of the services of Harry Miller would adversely affect development of Preferential's business and its likelihood of continuing operations.

Preferential May Have Potential Business Conflict of Interests with Other Companies Formed by Mr. Miller, the Resolution of Which May Not Necessarily Be Favorable to Us . Harry Miller may in the future participate in business ventures which could be deemed to compete directly with Preferential. Additional conflicts of interest and non-arms length transactions may also arise in the future in the event Preferential's current and future officers or directors are involved in the management of any firm with which Preferential transacts business. Management has adopted a policy that Preferential will not seek a merger with, or acquisition of, any entity in which management serve as officers, directors or partners, or in which they or their family members own or hold any ownership interest.
. Harry Miller may in the future participate in business ventures which could be deemed to compete directly with Preferential. Additional conflicts of interest and non-arms length transactions may also arise in the future in the event Preferential's current and future officers or directors are involved in the management of any firm with which Preferential transacts business. Management has adopted a policy that Preferential will not seek a merger with, or acquisition of, any entity in which management serve as officers, directors or partners, or in which they or their family members own or hold any ownership interest.

Our Lack of Market Research or Marketing Organization Could Adversely Affect Our Ability to Successfully Find and Conclude a Merger or Acquisition. Preferential has neither conducted, nor have others made available to it, results of market research indicating that market demand exists for the transactions contemplated by Preferential. Moreover, Preferential does not have, and does not plan to establish, a marketing organization. Even in the event demand is identified for a merger or ~~acquisition~~ ~~contemplated by Preferential, there is no assurance Preferential will be successful in completing any such business combination.~~Acquisition
. Preferential has neither conducted, nor have others made available to it, results of market research indicating that market demand exists for the transactions contemplated by Preferential. Moreover, Preferential does not have, and does not plan to establish, a marketing organization. Even in the event demand is identified for a merger or acquisition contemplated by Preferential, there is no assurance Preferential will be successful in completing any such business combination.

Preferential Will Face Significant Legal Requirements That Have the Potential to Subject Us to Substantial Liability and Increase Our Costs of Doing Business if It is Characterized as an Investment Company. Although Preferential will be subject to regulation under the Securities Exchange Act of 1934, management believes Preferential will not be subject to regulation under the Investment Company Act of 1940, insofar as Preferential will not be engaged in the business of investing or trading in securities. In the event Preferential engages in business combinations which result in Preferential holding passive investment interests in a number of entities, Preferential could be subject to regulation under the Investment Company Act of 1940. In such event, Preferential would be required to register as an investment company and could be expected to incur significant registration and compliance
. Although Preferential will be subject to regulation under the Securities Exchange Act of 1934, management believes Preferential will not be subject to regulation under the Investment Company Act of 1940, insofar as Preferential will not be engaged in the business of investing or trading in securities. In the event Preferential engages in business combinations which result in Preferential holding passive investment interests in a number of entities, Preferential could be subject to regulation under the Investment Company Act of 1940. In such event, Preferential would be required to register as an investment company and could be expected to incur significant registration and compliance costs. Preferential has obtained no formal determination from the Securities and Exchange Commission as to the status of Preferential under the Investment Company Act of 1940 and, consequently, any violation of such Act would subject Preferential to material adverse consequences.

~~costs. Preferential~~The ~~has~~Successful ~~obtained~~Completion noof ~~formal~~a ~~determination~~Merger ~~from~~or ~~the~~Acquisition ~~Securities~~Transaction ~~and~~Will Likely ~~Exchange~~Result ~~Commission~~in asa toChange ~~the~~in ~~status~~Control ofAnd ~~Preferential~~Our ~~under~~Current ~~the~~Management ~~Investment~~Will ~~Company~~Not ~~Act~~Have ofAny ~~1940 and,~~Power ~~consequently,~~to ~~any~~Influence ~~violation~~Preferential ofafter ~~such~~a ~~Act~~Consummated ~~would~~Merger ~~subject~~or ~~Preferential~~Acquisition ~~to material adverse consequences.~~Transaction
. A business combination involving the issuance of Preferential's Common Shares will, in all likelihood, result in shareholders of a private company obtaining a controlling interest in Preferential. Any such business combination may require management of Preferential to sell or transfer all or a portion of Preferential's Common Shares held by them, or resign as members of the Board of Directors of Preferential. The resulting change in control of Preferential could result in the removal of Harry Miller and a corresponding reduction in or elimination of his participation in the future affairs of Preferential.

~~The Successful Completion of a Merger or Acquisition Transaction Will Likely Result in a Change in Control And Our Current Management Will Not Have Any Power to Influence~~ Preferential ~~after~~May ~~a Consummated~~Face ~~Merger~~Significant orDelays ~~Acquisition~~and ~~Transaction.~~Disadvantages Aif ~~business combination~~it ~~involving~~Embarks ~~the issuance of Preferential's Common Shares will, in all~~Upon ~~likelihood, result in shareholders of~~ a ~~private~~Blank ~~company~~Check ~~obtaining~~Offering aPrior ~~controlling interest in Preferential. Any such business combination may require management of Preferential~~ to ~~sell~~Completion ~~or transfer all or a portion~~ of ~~Preferential's~~A ~~Common Shares~~Merger ~~held by them,~~ or resign as members of the Board of Directors of Preferential. The resulting change in control of Preferential could result in the removal of Harry Miller and a corresponding reduction in or elimination of his participation in the future affairs of Preferential.Acquisition
. Preferential may enter into a business combination with an entity that desires to establish a public trading market for its shares. A business opportunity may attempt to avoid what it deems to be adverse consequences of undertaking its own public offering by seeking a business combination with Preferential. Such consequences may include, but are not limited to, time delays of the registration process, significant expenses to be incurred in such an offering, loss of voting control to public shareholders and the inability or unwillingness to comply with various federal and state laws enacted for the protection of investors.

~~Preferential~~Taxation Concerns May ~~Face~~Influence ~~Significant~~Whether ~~Delays and Disadvantages if it Embarks Upon~~ a ~~Blank~~Future ~~Check~~Identified ~~Offering Prior to Completion of A Merger or~~Business ~~Acquisition.~~Opportunity Preferential may enter into a business combination with an entity that desires to establish a public trading market for its shares. A business opportunity may attempt to avoid what it deems to be adverse consequences of undertaking its own public offering by seeking a business combination with Preferential. Such consequences may include, but are not limited to, time delays of the registration process, significant expenses to be incurred in such an offering, loss of voting control to public shareholders and the inability or unwillingness to comply with various federal and state laws enacted for the protection of investors.Proceeds
. Federal and state tax consequences will, in all likelihood, be major considerations in any business combination Preferential may undertake. Currently, such transactions may be structured so as to result in tax-free treatment to both companies, pursuant to various federal and state tax provisions. Preferential intends to structure any business combination so as to minimize the federal and state tax consequences to both Preferential and the target entity; however, there can be no assurance that such business combination will meet the statutory requirements of a tax- free reorganization or that the parties will obtain the intended tax-free treatment upon a transfer of stock or assets. A non-qualifying reorganization could result in the imposition of both federal and state taxes which may have an adverse effect on both parties to the transaction.

~~Taxation~~Requirement ~~Concerns~~of ~~May~~Audited ~~Influence~~Financial ~~Whether~~Statements aMay ~~Future Identified~~Disqualify Business ~~Opportunity Proceeds. Federal and state~~ tax consequences will, in all likelihood, be major considerations in any business combination Preferential may undertake. Currently, such transactions may be structured so as to result in tax-free treatment to both companies, pursuant to various federal and state tax provisions. Preferential intends to structure any business combination so as to minimize the federal and state tax consequences to both Preferential and the target entity; however, there can be no assurance that such business combination will meet the statutory requirements of a tax- free reorganization or that the parties will obtain the intended tax-free treatment upon a transfer of stock or assets. A non-qualifying reorganization could result in the imposition of both federal and state taxes which may have an adverse effect on both parties to the transaction.Opportunities
. Section 13 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), require companies subject thereto to provide certain information about significant acquisitions, including certified financial statements for Preferential acquired, covering one, two or three years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target entities to prepare such statements may preclude consummation of an otherwise desirable acquisition by Preferential. Acquisition prospects that do not have or are unable to obtain the required audited financial statements may not be appropriate for acquisition so long as the reporting requirements of the Securities Exchange Act of 1934 are applicable.

~~Requirement~~Item ~~of Audited Financial Statements May Disqualify Business Opportunities~~1B. ~~Section~~Unresolved 13Staff and 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), require companies subject thereto to provide certain information about significant acquisitions, including certified financial statements for companies acquired, covering one, two or three years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target entities to prepare such statements may preclude consummation of an otherwise desirable acquisition by Preferential. prospects that do not have or are unable to obtain the required audited financial statements may not be appropriate for acquisition so long as the reporting requirements of the Securities Exchange Act of 1934 are applicable. Comments

~~Item~~Not 1AApplicable. ~~Risk Factors.~~

~~No disclosure is required hereunder as the Company is a "smaller reporting company," as defined in~~ Item ~~10(f) of Regulation S-K~~2. Property

~~Item~~Preferential 1Bcurrently maintains a mailing address at P.O. ~~Unresolved~~Box ~~Staff~~741, ~~Comments~~Bellevue, Washington 98009, which is the address of its President. Preferential pays no rent for the use of this mailing address. Preferential does not believe that it will need to maintain an office at any time in the foreseeable future in order to carry out its plan of operations described herein.

~~Not~~Item ~~Applicable~~3. Legal Proceedings

6Preferential is not a party to any legal proceedings.

~~Preferential~~Item ~~currently maintains a mailing address at P~~4.O.( ~~Box~~Removed ~~741,~~and Bellevue, Washington 98009, which is the address of its President. Preferential pays no rent for the use of this mailing address. Preferential does not believe that it will need to maintain an office at any time in the foreseeable future in order to carry out its plan of operations described herein.Reserved)

~~Item 3. Legal Proceedings.~~6

~~Preferential~~PART ~~is not a party to any legal proceedings. Item 4. Submissions of Matters to a Vote of Security Holders.~~II

NoItem ~~matters~~5. ~~weres~~Market ~~submitted~~for ~~during~~Registrant's ~~the~~Common ~~fourth~~Equity, ~~quarter~~Related ofStockholder ~~our fiscal year to a vote of our security holders through the solicitation of proxies or otherwise.~~Matters
and Issuer Purchases of Equity Securities

~~PART II~~General

~~Item~~Preferential's 5Common Stock has never been traded. ~~Market~~It ~~for~~is ~~Registrant~~unlikely that Preferential's ~~Common~~stock ~~Equity,~~will ~~Related~~be ~~Stockholder~~accepted ~~Matters~~for ~~and~~trading ~~Issuer~~on ~~Purchases~~any exchange or quotation system until completion of ~~Equity~~a ~~Securities~~merger or acquisition. It is likely if any such trading market developed it would be on one the over the counter markets and be considered a "penny stock". There is no assurance that a trading market will ever develop or, if such a market does develop, that it will continue.

~~General~~As of March 30, 2011, we had one stockholder of record holding 5,000,000 common shares.

~~Preferential's~~Dividend Common Stock has never been traded. It is unlikely that Preferential's stock will be accepted for trading on any exchange or quotation system until completion of a merger or acquisition. It is likely if any such trading market developed it would be on one the over the counter markets and be considered a "penny stock". There is no assurance that a trading market will ever develop or, if such a market does develop, that it will continue. Policy

AsPreferential ofhas ~~March~~not ~~25,~~paid ~~2009,~~any wecash ~~had~~dividends ~~one~~on ~~stockholder~~its ofCommon ~~record~~Stock and presently ~~holding~~intends 5to continue a policy of retaining earnings,~~000~~ if any,~~000~~ ~~common~~for ~~shares.~~reinvestment in its business.

~~Dividend~~No ~~Policy.~~Equity Compensation Plan

Preferential ~~has~~does not ~~paid~~have ~~any~~an ~~cash~~equity ~~dividends~~compensation onplan ~~its~~and ~~Common~~does ~~Stock~~not ~~and presently~~plan ~~intends~~ to implement ~~continue~~such a ~~policy of retaining earnings, if any, for reinvestment in its business~~plan.

NoRecent ~~Equity~~Sales ~~Compensation~~of ~~Plan.~~Unregistered Securities

Preferential ~~does~~has not ~~have~~ anhad ~~equity~~any ~~compensation~~recent ~~plan~~sales ~~and~~of ~~does~~any ~~not~~of ~~plan~~its ~~to implement such a plan~~securities.

~~Recent~~Item ~~Sales~~6. ofSelected ~~Unregistered~~Financial ~~Securities.~~Data

~~Preferential~~No ~~has~~disclosure ~~not~~is ~~had~~required ~~any~~hereunder ~~recent~~as ~~sales~~the ofCompany ~~any~~is a "smaller reporting company," as defined in Item 10(f) of ~~its~~Regulation ~~securities~~S-K.

Item 67. ~~Selected~~Management Discussion and Analysis of Financial ~~Data.~~Condition and Results of Operations

No2010 ~~disclosure~~Business ~~is required hereunder as the Company is a "smaller reporting company," as defined in Item 10(f) of Regulation S-K.~~Environment

7Interest in becoming public, either through an initial public offering or through a merger with a reporting company remained flat in 2010. This was a result of a number of factors not the least of which was the continued instability of the economy as a result of the subprime mortgage crisis, deepening global recession and weakoning US dollar. Although our President, Mr. Miller, has reviewed a number of proposals he did not find one which he believed to be suitable for Preferential. Management believes the securities market in 2011 will remain unstable. If the markets do remain unstable through-out 2011 it may be that we will be unable to complete a merger or acquisition with a suitable business candidate this year despite our continued investigation of interested parties.

~~Item~~Results ~~7. Management Discussion and Analysis or Plan~~ of ~~Operations.~~Operation

For the years ended December 31, 2010 and December 31, 2009 and ~~Business~~for ~~Environment~~the period from October 2, 2006 (inception) through to December 31, 2010.

Interest in becoming public, either through an initial public offering or through a merger with a reporting company decreased in 2008 and 2009. This was a result of a number of factors not the least of which was the instability of the economy as a result of the subprime mortgage crisis, deepening global recession and weakoning US dollar. Although our President, Mr. Miller, has reviewed a number of proposals he did not find one which he believed to be suitable for Preferential. Management believes the securities market in 2010 will remain unstable. If the markets do remain unstable through-out 2010 it may be that we will be unable to complete a merger or acquisition with a suitable business candidate this year despite our continued investigation of interested parties.Revenues

~~Plan of Operations.~~Revenue
. Preferential has a net loss of $5,650 for the year ended December 31, 2010 (year ended December 31, 2009 - loss of $5,250) and $23,400 for the period from inception to December 31, 2010. To date, we have generated no revenue and have no business operations.

Our business purpose is to seek, investigate and, if such investigation warrants, merge or acquire an interest in business opportunities presented to us by persons or companies who or which desire to seek the perceived advantages of a Securities Exchange Act of 1934 registered corporation. We have not restricted our search to any specific business, industry, or geographical location and we may participate in a business venture of virtually any kind or nature. This discussion of the proposed business is purposefully general and is not meant to be restrictive of our virtually unlimited discretion to search for and enter into potential business opportunities. We may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly-owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.Loans
. As of December 31, 2010, Mr. Miller has loaned Preferential a total of $18,400 for working capital (year ended December 31, 2009 - $11,750). The advance does not carry an interest rate, is unsecured and has no fixed terms of repayment.

Mr. Miller has limited experience in managing companies similar to Preferential and we shall now be relying upon his efforts in accomplishing the business purposes of Preferential. It is not anticipated that any outside consultants or advisors will be utilized by Preferential to effectuate its business purposes described herein. However, if Preferential does retain such an outside consultant or advisor, any cash fee earned by such party will need to be paid by the prospective merger/acquisition candidate, as Preferential has no cash assets with which to pay such obligation. There have been no contracts or agreements with any outside consultants and none are anticipated in the future.7

~~Marketing. Mr.~~Common Miller, our President, has contacted a couple of broker-dealer, venture capitalist and other members of the financial community who he had a pre-existing relationship and who were likely to have clients, associates and contacts interested in a blank check company such as Preferential. To date, Mr. Miller has reviewed the business plans and met the principals of at least two potential reverse merger/acquisition candidates. Mr. Miller did not, however, find a suitable privately held company seeking to consummate a reverse merger/acquisition transaction. Mr. Harry Miller plans on continuing to tap into his extensive network of business contacts in North America in seeking a suitable business entity to consummate a reverse merger/acquisition transaction for Preferential. Mr. Miller has not identified a specific potential merger or acquisition candidate at this time.Stock
. Net cash provided by financing activities during the year ended December 31, 2010 was $Nil (year ended December 31, 2009 - $Nil).

Evaluation of Acquisition Opportunities. Mr. Miller will obtain from potential private company candidates written materials regarding these privately held companies prior to considering a reverse merger/acquisition transaction with said companies. Mr. Miller plans on requesting or will request such items as:Expenses

~~a description of products, services and company history;~~Summay
. Total expenses were $5,650 for the year ended December 31, 2010. Expenses have increased slightly in the year ended December 31, 2010, by $400 from $5,250 in the previous year ended. A total of $23,400 in expenses has been incurred by Preferencial since inception on October 2, 2006, through to December 31, 2010. All expenses relate to professional accounting and audit fees.

~~management~~Income ~~resumes;~~Tax Provision
. We have losses carried forward for income tax purpose to December 31, 2010. There are no current or deferred tax expenses for the period ended December 31, 2010, due to our loss position. We have fully reserved for any benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statement and income tax purposes are recognized as appropriate.

~~available~~Off-Balance ~~projections~~Sheet ~~with related assumptions upon which they are based;~~Arrangement

anAs ~~explanation~~ of ~~proprietary products~~December ~~and~~31, ~~services;~~2010, we have had no off-balance sheet arrangements.

~~evidence~~Capital ofExpenditure ~~existing patents, trademarks or service marks or rights thereto;~~Commitments

~~present~~Capital ~~and~~expenditures ~~proposed~~during ~~forms~~the ofyear ended December 31, 2010, ~~compensation~~amounted to ~~management;~~$Nil ($Nil for the year ended December 31, 2009) Preferential does not anticipate any significant purchase or sale of equipment over the next 12 months.

aPlan ~~description~~ of ~~transactions between the privately-held company and its affiliates during relevant prior periods;~~Operations

Our business purpose is to seek, investigate and, if such investigation warrants, merge or acquire an interest in business opportunities presented to us by persons or companies who or which desire to seek the perceived advantages of a ~~description~~Securities Exchange Act of ~~present~~1934 registered corporation. We have not restricted our search to any specific business, industry, or geographical location and we may participate in a business venture ~~required~~of ~~facilities;~~virtually any kind or nature. This discussion of the proposed business is purposefully general and is not meant to be restrictive of our virtually unlimited discretion to search for and enter into potential business opportunities. We may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly-owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.

Mr. Miller has limited experience in managing companies ansimilar ~~analysis~~to Preferential and we shall now be relying upon his efforts in accomplishing the business purposes of ~~risks~~Preferential. It is not anticipated that any outside consultants or advisors will be utilized by Preferential to effectuate its business purposes described herein. However, if Preferential does retain such an outside consultant or advisor, any cash fee earned by such party will need to be paid by the prospective merger/acquisition candidate, as Preferential has no cash assets with which to pay such obligation. There have been no contracts or agreements with any outside consultants and none are ~~competitive~~anticipated ~~conditions;~~in the future.

~~a financial plan of operation and estimated capital requirements;~~Marketing
. Mr. Miller, our President, has contacted a couple of broker-dealer, venture capitalist and other members of the financial community who he had a pre-existing relationship and who were likely to have clients, associates and contacts interested in a blank check company such as Preferential. To date, Mr. Miller has reviewed the business plans and met the principals of at least two potential reverse merger/acquisition candidates. Mr. Miller did not, however, find a suitable privately held company seeking to consummate a reverse merger/acquisition transaction. Mr. Harry Miller plans on continuing to tap into his extensive network of business contacts in North America in seeking a suitable business entity to consummate a reverse merger/acquisition transaction for Preferential. Mr. Miller has not identified a specific potential merger or acquisition candidate at this time.

~~audited financial~~Evaluation ~~statements;~~of ~~and~~Acquisition Opportunities
. Mr. Miller will obtain from potential private company candidates written materials regarding these privately held companies prior to considering a reverse merger/acquisition transaction with said companies. Mr. Miller plans on requesting or will request such items as:

~~other~~a ~~information~~description ~~deemed~~of ~~relevant.~~products, services and company history;
8management resumes;
~~Mr.~~available ~~Miller~~projections ~~will endeavor to personally meet~~ with ~~management~~related ~~and~~assumptions ~~key~~upon ~~personal of companies~~ which he ~~considers~~they are serious candidates for concluding a reverse merger or acquisition. Preferential will also attempt to obtain independent analysis or verification of certain information provided, check references of management and key personnel and take other reasonable investigative measures, to the extent of Preferential's limited financial resources. Preferential will not acquire or merge with any company for which current audited financial statements cannot be obtained prior to or within a reasonable period of time after closing of the proposed transaction. based;

~~Mr. Miller intends to take into consideration the following factors when analyzing a company for its potential as a reverse merger/acquisition candidate:~~8

~~potential~~an ~~for~~explanation ~~growth,~~of ~~indicated~~proprietary ~~by new~~products ~~technology,~~and ~~anticipated market expansion or new products~~services;
~~competitive~~evidence ~~position compared to other companies~~ of ~~similar~~existing ~~size~~patents, ~~and~~trademarks ~~experience~~or ~~within~~service ~~the~~marks ~~privately-held~~or rights ~~company's~~ ~~industry segment as well as within the industry as a whole~~thereto;
~~strength~~present and ~~diversity~~proposed forms of ~~management;~~ ~~either~~compensation into ~~place or scheduled for recruitment~~management;
~~capital~~a ~~requirements~~description ~~and anticipated availability~~ of ~~required~~transactions ~~funds~~between ~~to be provided by us or from operations, through~~ the ~~sale~~privately-held ofcompany ~~additional~~and ~~securities, through joint ventures or similar~~its ~~arrangements~~ oraffiliates ~~from~~during ~~other~~relevant ~~sources~~prior periods;
~~the~~a ~~extent~~description ~~to which the business~~ of ~~the~~present ~~privately-held~~and ~~company~~required ~~can be advanced~~facilities;
~~the~~an ~~regulatory~~analysis ~~environment~~of ~~within~~risks ~~the~~and ~~privately-held~~competitive ~~company's industry~~conditions;
~~the~~a ~~market~~financial ~~performance~~plan of ~~equity securities~~operation ofand ~~similarly~~estimated ~~situated~~capital ~~companies~~requirements; ~~in the privately-held company's~~ ~~industry;~~ ~~and~~
~~reputation~~audited offinancial ~~owners,~~statements; ~~principals~~ and~~/or managers for complying with and not violating federal and/or state securities laws.~~
~~The~~other ~~time,~~information ~~effort~~deemed and expense required to evaluate a privately-held company for a reverse merger/acquisition transaction with Preferential and to effectuate such a transaction cannot be predicted with any degree of accuracyrelevant. ~~Preferential does not have any full-time employees and Mr. Miller, the sole unpaid employee of Preferential, is not required to devote any specific amount of time to the business of Preferential.~~

~~Preferential~~Mr. ~~does~~Miller ~~not~~will ~~intend~~endeavor to ~~merge~~personally meet with ormanagement and ~~acquire~~key personal of companies which he considers are serious candidates for concluding a ~~business~~reverse merger or acquisition. Preferential will also attempt to obtain independent analysis or verification of certain information provided, check references of management and key personnel and take other reasonable investigative measures, to the extent of Preferential's limited financial resources. Preferential will not acquire or merge with any company infor which current ~~Mr.~~audited ~~Miller~~financial ~~has,~~statements ~~directly~~cannot be obtained prior to or ~~indirectly,~~within ana ~~ownership~~reasonable ~~interest~~period inof time after closing of the proposed transaction.

~~Treatment of Reverse Merger/Acquisition Transaction~~Mr. ~~The~~ ~~SEC~~Miller ~~considers~~intends ~~a reverse merger/acquisition transaction~~ to betake ainto ~~capital~~consideration ~~transaction~~the infollowing factors ~~substance,~~when ~~rather than~~analyzing a ~~business combination. That is, the transaction will be equivalent to the issuance of stock by the privately-held~~ company for ~~the~~its ~~net~~potential ~~monetary~~as ~~assets of Preferential, accompanied by~~ a ~~recapitalization. As a result, the post-~~reverse ~~merger/acquisition comparative historical financial statements~~ for Preferential will be those of the privately-held company, with appropriate footnote disclosure concerning the changes in the capital structure of the privately-held company, effected at the reverse merger/acquisition ~~transaction date.~~candidate:

~~Cost~~potential ~~Projections. It~~for is anticipated that Preferential will incur nominal expenses in the implementation of its business plan. Our main cost is related to compliance with our ongoing reporting issuer obligations with the SEC. Because Preferential has no capital with which to pay these anticipated expensesgrowth, ~~Mr.~~indicated ~~Harry Miller has verbally agreed to pay these charges with his personal funds. Any monies loaned to Preferential~~ by ~~Mr. Miller~~new ~~will~~technology, beanticipated ~~unsecured and non- interest bearing. We expect that any loans~~market ~~made~~ toexpansion ~~us by Mr. Miller will be repaid from cash generated from our operations after we have merged~~ or ~~acquired~~new a privately held company. Mr. Miller has agreed that the repayment of any loans made by it to Preferential will not impede, or be made conditional in any manner, to consummation of a proposed transaction. products;
~~Item~~competitive ~~7A.~~position ~~Quantitive~~compared to other companies of similar size and ~~Qualitive~~experience ~~Disclosure~~within ~~About~~the ~~Market~~privately-held ~~Risk.~~company's industry segment as well as within the industry as a whole;
Nostrength ~~disclosure~~and ~~is required~~diversity ~~hereunder~~of asmanagement; ~~the~~either ~~Company~~in isplace aor ~~"smaller~~scheduled ~~reporting company,"~~for as ~~defined in Item 10(f) of Regulation S-K.~~recruitment;
~~Item~~capital 8.requirements ~~Financial~~and ~~Statements~~anticipated ~~and~~availability ~~Supplementary~~of ~~Data.~~required funds to be provided by us or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;
~~The~~the ~~financial~~extent ~~statements~~to ~~and~~which ~~schedules~~the ~~that~~business ~~constitute Item 8~~ of ~~Form~~the 10privately-Kheld ~~immediately~~company ~~follow~~can onbe ~~the~~advanced; ~~next page.~~
9The regulatory environment within the privately-held company's industry;
~~PREFERENTIAL~~the ~~EQUITIES~~market ~~CORP.~~performance of equity securities of similarly situated companies in the privately-held company's industry; and
~~Index~~reputation of owners, principals and/or managers for complying with and not violating federal and/or state securities laws.

The time, ~~Report~~effort ofand ~~Independent~~expense ~~Registered~~required ~~Public~~to ~~Accounting~~evaluate ~~Firm~~ a Fprivately-2held company for a reverse merger/acquisition transaction with ~~Financial Statements: Balance~~Preferential ~~Sheet~~ and to effectuate such a transaction cannot be predicted with any ~~F-3 Statement~~degree of ~~Operations~~accuracy. FPreferential does not have any full-~~4 Statement~~time ofemployees ~~Stockholders'~~and ~~Equity~~ Mr. ~~F-5 Statement~~Miller, the sole unpaid employee of ~~Cash~~Preferential, ~~Flows F-6 Notes~~is tonot ~~Financial~~required ~~Statements~~to ~~F-7-10~~ devote any specific amount of time to the business of Preferential.

10Preferential does not intend to merge with or acquire a business or company in which Mr. Miller has, directly or indirectly, an ownership interest in.

~~GEORGE~~Treatment ~~STEWART,~~of ~~CPA 316~~Reverse ~~17TH~~Merger/Acquisition ~~AENUE SOUTH SEATTLE, WASHINGTON 98144 (206) 328-8554 FAX(206) 328-0383~~Transaction
. The SEC considers a reverse merger/acquisition transaction to be a capital transaction in substance, rather than a business combination. That is, the transaction will be equivalent to the issuance of stock by the privately-held company for the net monetary assets of Preferential, accompanied by a recapitalization. As a result, the post-reverse merger/acquisition comparative historical financial statements for Preferential will be those of the privately-held company, with appropriate footnote disclosure concerning the changes in the capital structure of the privately-held company, effected at the reverse merger/acquisition transaction date.

~~REPORT~~Cost ~~OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~ Projections
. It is anticipated that Preferential will incur nominal expenses in the implementation of its business plan. Our main cost is related to compliance with our ongoing reporting issuer obligations with the SEC. Because Preferential has no capital with which to pay these anticipated expenses, Mr. Harry Miller has verbally agreed to pay these charges with his personal funds. Any monies loaned to Preferential by Mr. Miller will be unsecured and non- interest bearing. We expect that any loans made to us by Mr. Miller will be repaid from cash generated from our operations after we have merged or acquired a privately held company. Mr. Miller has agreed that the repayment of any loans made by it to Preferential will not impede, or be made conditional in any manner, to consummation of a proposed transaction.

~~To the Board of Directors Preferential Equities Corp.~~9

~~I have~~Item ~~audited the accompanying balance sheet of Preferential Equities Corp~~7A. ~~(A Development~~Quantitive ~~Stage Company) as of December 31, 2009~~ and ~~2008,~~Qualitive ~~and~~Disclosure ~~the related~~About ~~statement~~Market of operations, stockholders' equity and cash flows the years then ended and for the period from October 2, 2006 (inception) to December 31, 2009. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on these financial statements based on my audit.Risk

~~I conducted~~No mydisclosure ~~audit~~is inrequired ~~accordance~~hereunder ~~with~~as the ~~standards of the Public~~ Company ~~Accounting~~ ~~Oversight~~is Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a ~~test basis,~~"smaller ~~evidence supporting the amounts and disclosures in the financial~~reporting ~~statements. An audit also includes assessing the accounting principles used and significant estimates made by management~~company," as ~~well~~defined asin ~~evaluating~~Item ~~the~~10(f) ~~overall~~of ~~financial~~Regulation ~~statement presentation~~S-K. ~~I believe that my audit provides a reasonable basis for my opinion.~~

~~In my~~Item ~~opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Preferential Equities Corp~~8., ~~(A Development~~Financial ~~Stage~~Statements ~~Company) as of December 31, 2009~~ and ~~2008, and the results of~~Supplementary its operations and cash flows for the years then ended and from October 2, 2006 (inception) to December 31, 2009 in conformity with generally accepted accounting principles in the United States of America.Data

The ~~accompanying~~ financial statements ~~have been prepared assuming the Company will continue as a going concern. As discussed in Note #3 to the financial statements, the Company has had no operations~~ and ~~has~~schedules nothat ~~established~~constitute ~~source~~Item 8 of ~~revenue. This~~Form ~~raises substantial doubt about its~~10-K ~~ability~~immediately tofollow ~~continue~~on ~~as a going concern. Management's plan in regard to these matters is also described in Note # 3. The financial statements do not include any adjustments that might result from~~ the ~~outcome~~next ~~of this uncertainty~~page.

~~Seattle, Washington March~~ 10~~, 2010~~

~~F-2~~PREFERENTIAL EQUITIES CORP.

11Index

~~Preferential Equities Corp.~~ Report ~~(A Development Stage Company) Balance Sheets ASSETS As~~ of As of Independent Registered ~~Dec.~~Public ~~31, Dec.~~Accounting ~~31,~~ Firm 2009 2008 Current Assets Cash $ - $ - Total Current Assets - - Other Assets Prepaid Expenses - - Total Other Assets - - $ - $ - LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts Payable $ 1,000 $ Advances from Officer 11,750 7,500 Total Current Liabilities 12~~,750~~ ~~7,500~~ Financial Statements: Balance Sheet 13 ~~Total Liabilities~~ ~~12,750~~ ~~7,500~~ Statement of Operations 14 Statement of Stockholders' Equity ~~(Deficit)~~ 15 Statement ~~Common stock, ($0.001 par value, 100,000,000 shares authorized; 5,000,000 shares issued and outstanding as~~ of Cash Flows 16 ~~December 31, 2008 and December 31, 2007 respectively)~~ ~~5,000~~ ~~5,000~~ Notes to Financial ~~Additional~~Statements ~~paid-in capital~~ ~~Deficit accumulated during development stage (~~ 17,750) (12,500) Total Stockholders' Equity (Deficit) (12,750) (7,500) TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) $ - 20 ~~$ -~~ ~~See Accompanying Notes and Accountant's Report~~

~~F-3~~11

12GEORGE STEWART, CPA 316 17TH AVENUE SOUTH SEATTLE, WASHINGTON 98144 (206) 328-8554 FAX(206) 328-0383

REPORT OF ~~Preferential Equities~~INDEPENDENT ~~Corp.~~ REGISTERED PUBLIC (AACCOUNTING ~~Development Stage~~FIRM Company) Statements of Operations October 2, 2006 Year Year (inception) Ended Ended through Dec. 31, Dec. 31, Dec. 31, 2009 2008 2009 Revenues Revenues $ - $ - $ - Total Revenues - - - Operating Costs Administrative Expenses 5,250 5,250 17,750 Total Operating Costs 5,250 5,250 17,750 Net Income (Loss) $ (5,250) $ (5,250) $ (17,750) Basic earnings (loss) per share $ (0.00) $ (0.00) Weighted average number of common shares outstanding 5,000,000 5,000,000 See Accompanying Notes and Accountant's Report

~~F-4~~To the Board of Directors

13Preferential Equities Corp.

I have audited the accompanying balance sheet of Preferential Equities Corp. (A Development Stage Company) ~~Statement~~ as of ~~Changes~~ ~~in Stockholders' Equity From October 2, 2006 (Inception) through~~ December 31, ~~2009~~ 2010 and ~~Deficit~~ 2009, and ~~Common Common Additional~~the related ~~Accumulated~~ statement of Stock Stock Paid-in During Total Amount Capital Development Stage Balanceoperations, ~~October~~stockholders' 2,equity ~~2006 -~~and $ - $ - $ - $ - cash flows the years then ~~Stock~~ended ~~issued~~and for ~~cash~~the ~~on October~~period 2,from ~~2006~~October @$ 0.001 per share 5,000,000 5,000 - - 5,000 Net loss, December 31, 2006 (2,~~000) (2,000)~~ ~~Balance, December 31,~~ 2006 ~~5,000,000~~ ~~$ 5,000 $ - $~~ (~~2,000~~inception) ~~$ 3,000~~ to ~~Net loss,~~ December 31, ~~2007~~2010. ~~(5,250) (5,250)~~ These financial statements are ~~Balance,~~the ~~December~~responsibility ~~31,~~of ~~2007 5,000,000~~the ~~$ 5,000~~Company's management. ~~$ -~~My ~~$ (7,250) $ (2,250)~~ responsibility is to express an opinion ~~Net loss, December~~on ~~31,~~these ~~2008 (5,250) (5,250)~~ financial statements based on my Balance, December 31, 2008 5,000,000 $ 5,000 $ - $ (12,500) $ (7,500) Net loss, December 31, 2009 (5,250) (5,250) Balance, December 31, 2009 5,000,000 $ 5,000 $ - $ (17,750) $12,750) audit.

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

~~F-5~~In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Preferential Equities Corp., (A Development Stage Company) as of December 31, 2010 and 2009, and the results of its operations and cash flows for the years then ended and from October 2, 2006 (inception) to December 31, 2010 in conformity with generally accepted accounting principles in the United States of America.

14The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note #3 to the financial statements, the Company has had no operations and has no established source of revenue. This raises substantial doubt about its ability to continue as a going concern. Management's plan in regard to these matters is also described in Note # 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/S/ George Preferential Equities Corp. (A Development Stage Company) Statements of Cash Flows October 2, 2006 Year Year (inception) Ended Ended through Dec. 31, Dec. 31, Dec. 31, 2009 2008 2009 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (5,250) $ (5,250) $ (12,500) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Changes in operating assets and liabilities: Increase (Decrease) in Advances from Officers 4,250 6,250 11,750 Increase (Decrease) in Accounts Payable (1,000) 1,000 1,000 Net cash provided by (used in) operating activities - - (5,000) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of equipment - - - Net cash provided by (used in) investing activities - - - CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common stock 5,000 Additional paid-in capital (Increase) Decrease in Subscription Receivable - Net cash provided by (used in) financing activities - - 5,000 Net increase (decrease) in cash - - - Cash at beginning of period - Cash at end of period $ - $ - $ - SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during year for : Interest $ - $ - $ - Income Taxes $ - $ - $ - See Accompanying Notes and Accountant's Report Stewart

Seattle, Washington ~~F-6~~March 13, 2011

1512

PREFERENTIAL EQUITIES CORP. (A Development Stage Company) Notes to Financial Statements December 31, 2009

Preferential Equities Corp.
(A Development Stage Company)
Balance Sheets

ASSETS
				As of		As of
				Dec. 31,		Dec. 31,
				2010		2009

	Current Assets
	Cash	$		-	$	-
	Total Current Assets			-		-

	Other Assets
	Prepaid Expenses			-		-

	Total Other Assets			-		-

		$		-	$	-

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

	Current Liabilities
	Accounts Payable		$		$	1,000
	Advances from Officer			18,400		11,750

	Total Current Liabilities			18,400		12,750

	Total Liabilities			18,400		12,750

	Stockholders' Equity (Deficit)
	Common stock, ($0.001 par value, 100,000,000 shares
	authorized; 5,000,000 shares issued and outstanding as of
	December 31, 2010 and December 31, 2009 respectively)			5,000		5,000
	Additional paid-in capital
	Deficit accumulated during development stage			(23,400)		(17,750)

	Total Stockholders' Equity (Deficit)			(18,400)		(12,750)

	TOTAL LIABILITIES &
	STOCKHOLDERS' EQUITY (DEFICIT)		$	-	$	-

See Accompanying Notes and Accountant's Report

~~NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS~~13

Preferential Equities, Corp. (~~the~~A Development Stage Company) ~~was~~ ~~incorporated~~ ~~under~~ Statements ~~the laws~~ of ~~the~~Operations ~~State~~ of ~~Nevada~~ on October 2, 2006 Year Year (inception) Ended Ended through Dec. ~~The~~ ~~Company~~31, Dec. is31, Dec. ~~pursuing~~31, ~~their~~ ~~business~~ as 2010 2009 2010 ~~may~~ be ~~necessary~~ Revenues Revenues $ - $ - $ - Total Revenues - - - Operating Costs Administrative Expenses 5,650 ~~convenient~~ 5,250 or 23,400 ~~desirable~~ to ~~accomplish~~ Total Operating Costs 5,650 5,250 23,400 Net Income (Loss) $ (5,650) $ (5,250) $ (23,400) Basic earnings (loss) per share $ (0.00) $ (0.00) Weighted average number of common shares outstanding 5,000,000 5,000,000 See Accompanying Notes and Accountant's Report

~~The Company is in the development stage. Its activities to date have been limited to capital formation, organization and development of its business plan. The Company has not commenced operations.~~14

~~NOTE~~ Preferential Equities Corp. (A Development Stage Company) Statement of Changes in Stockholders' Equity From October 2, 2006 (Inception) through December 31, 2010 Deficit Common Common Additional Accumulated Stock Stock Paid-in During Total Amount Capital Development Stage Balance, October 2, 2006 - $ - $ - $ - $ - Stock issued for cash on October 2, 2006 @$0. ~~SUMMARY~~001 OFper ~~SIGNIFICANT~~share ~~ACCOUNTING~~ ~~POLICIES~~ 5,000,000 5,000 - - 5,000 Net loss, December 31, 2006 (2,000) (2,000) Balance, December 31, 2006 5,000,000 $ 5,000 $ - $ (2,000) $ 3,000 Net loss, December 31, 2007 (5,250) (5,250) Balance, December 31, 2007 5,000,000 $ 5,000 $ - $ (7,250) $ (2,250) Net loss, December 31, 2008 (5,250) (5,250) Balance, December 31, 2008 5,000,000 $ 5,000 $ - $ (12,500) $ (7,500) Net loss, December 31, 2009 (5,250) (5,250) Balance, December 31, 2009 5,000,000 $ 5,000 $ - $ (17,750) $12,750) Net loss, December 31, 2010 (5,650) (5,650) Balance, December 31, 2010 5,000,000 $ 5,000 $ - $ (23,400) $18,400)

~~a. Basis~~See ofAccompanying ~~Accounting~~Notes and Accountant's Report

~~The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a December 31, year-end.~~ 15

b Preferential Equities Corp. ~~Basic~~ ~~Earnings~~ ~~per~~ (A ~~Share~~Development Stage Company) Statements of Cash Flows October 2, 2006 Year Year (inception) Ended Ended through Dec. 31, Dec. 31, Dec. 31, 2010 2009 2010 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (5,650) $ (5,250) $ (23,400) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Changes in operating assets and liabilities: Increase (Decrease) in Advances from Officers 6,650 4,250 18,400 Increase (Decrease) in Accounts Payable (1,000) 1,000 Net cash provided by (used in) operating activities - - (5,000) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of equipment - - - Net cash provided by (used in) investing activities - - - CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common stock 5,000 Additional paid-in capital (Increase) Decrease in Subscription Receivable - Net cash provided by (used in) financing activities - - 5,000 Net increase (decrease) in cash - - - Cash at beginning of period - Cash at end of period $ - $ - $ - SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during year for : Interest $ - $ - $ - Income Taxes $ - $ - $ - See Accompanying Notes and Accountant's Report

In February 1997, the FASB issued Statement of Financial Accounting Standards ("SFAS") No. 128, "Earnings Per Share", which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share. The Company has adopted the provisions of SFAS No. 128 effective October 2, 2006 (date of inception). 16

~~Basic~~PREFERENTIAL ~~net~~EQUITIES ~~loss per share amounts is computed by dividing the~~CORP. ~~net~~(A ~~loss~~Development byStage ~~the weighted average number of common shares outstanding. Diluted earnings per share are the same~~Company) asNotes ~~basic earnings per share due~~ to ~~the~~Financial ~~lack~~Statements December of31, ~~dilutive items in the Company.~~ 2010

c. ~~Cash~~NOTE ~~Equivalents~~1. ORGANIZATION AND DESCRIPTION OF BUSINESS

~~The~~Preferential ~~Company~~Equities, ~~considers~~Corp. ~~all~~(the ~~highly~~Company) ~~liquid~~was ~~investments purchased~~incorporated ~~with~~under anthe ~~original~~laws ~~maturity~~of the State of ~~three~~Nevada ~~months~~on orOctober ~~less~~2, to2006. The Company is pursuing their business as may be ~~cash~~necessary, ~~equivalents~~convenient or desirable to accomplish.

dThe Company is in the development stage. Its activities to ~~Use~~date ofhave ~~Estimates~~been limited to capital formation, organization and ~~Assumptions~~development of its business plan. The Company has not commenced operations.

~~The preparation of financial statements in conformity with~~ ~~generally~~NOTE ~~accepted~~2. ~~accounting~~SUMMARY ~~principles~~OF ~~requires~~SIGNIFICANT ~~management~~ACCOUNTING to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during POLICIES

16a. Basis of Accounting

~~PREFERENTIAL~~The ~~EQUITIES,~~Company's ~~CORP.~~financial statements are prepared using the (Aaccrual ~~Development~~method ~~Stage~~of accounting. The Company~~) Notes~~ tohas ~~Financial~~elected ~~Statements~~ a December 31, ~~2009~~year-end.

~~NOTE 2~~b. ~~SUMMARY~~Basic OFEarnings ~~SIGNIFICANT~~per ~~ACCOUNTING POLICIES~~Share ~~(Continued)~~

ASC No.260 "Earnings Per Share", which specifies the computation, ~~reporting~~presentation ~~period.~~and ~~Actual~~disclosure ~~results~~requirements ~~could~~for ~~differ~~earnings ~~from~~(loss) ~~those~~per ~~estimates.~~share Infor ~~accordance~~entities with ~~FASB~~publicly 16held ~~all~~common ~~adjustments~~stock. ~~are~~The ~~normal~~Company ~~and~~has adopted the ~~recurring~~provisions of ASC No. 260.

eBasic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted ~~Income~~earnings ~~Taxes~~per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

~~Income taxes are provided in accordance with SFAS 109, "Accounting for Income Taxes"~~c. A ~~deferred~~Cash ~~tax~~Equivalents asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

~~Deferred~~The ~~tax~~Company ~~assets~~considers ~~are~~all ~~reduced~~highly byliquid ainvestments ~~valuation allowance when,~~purchased inwith ~~the~~an ~~opinion~~original ofmaturity ~~management, it is more likely than not that some portion~~ of ~~all~~ ofthree ~~the~~months ~~deferred~~or ~~tax~~less ~~assets~~to ~~will~~ be ~~realized. Deferred~~cash ~~tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment~~equivalents.

~~NOTE 3~~d. ~~GOING~~ ~~CONCERN~~Use of Estimates and Assumptions

The ~~accompanying~~preparation of financial statements ~~are~~in ~~presented~~conformity ~~on a going~~with ~~concern~~generally ~~basis. The~~accepted ~~Company~~accounting ~~had~~principles ~~no operations~~requires ~~during~~management ~~the~~to ~~period~~make ~~from October 2, 2006 (date of inception) to~~estimates ~~December~~and ~~31,~~assumptions ~~2009,~~that ~~generated~~affect nothe ~~revenues,~~reported ~~and~~amounts ~~incurred losses~~ of $assets ~~17,750. This~~and ~~condition~~liabilities ~~raises substantial doubt~~and ~~about~~disclosure ~~the~~of ~~Company's~~contingent ~~ability~~assets toand ~~continue~~liabilities asat ~~a going concern. Because~~ the ~~Company~~date isof ~~currently in~~ the financial ~~development~~statements ~~stage~~ and ~~has minimal expenses, management believes that~~ the ~~company's~~ ~~current~~reported ~~cash~~amounts of $revenues ~~-0-~~and ~~is sufficient to cover the~~ expenses ~~they will incur~~ during ~~the next twelve months in a limited operations scenario or until they raise additional funding.~~

~~NOTE~~the 4reporting period. ~~WARRANTS~~ ~~AND~~Actual ~~OPTIONS~~results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.

~~There are no warrants or options outstanding to acquire any additional shares of common stock.~~17

~~NOTE~~PREFERENTIAL 5EQUITIES CORP. ~~RELATED~~ (A ~~PARTY~~Development ~~TRANSACTIONS~~Stage Company) Notes to Financial Statements December 31, 2010

~~The~~NOTE sole officer and director of the Company may, in the future, become involved in other business opportunities as they become available, he may face a conflict in selecting between the Company and his other business opportunities2. ~~The Company has not~~ ~~formulated~~SUMMARY aOF ~~policy~~SIGNIFICANT ~~for~~ACCOUNTING ~~the~~POLICIES ~~resolution of such conflicts.~~(Continued)

17e. Income Taxes

~~PREFERENTIAL~~Income ~~EQUITIES,~~taxes ~~CORP~~are provided in accordance with ASC No. 740, ("Accounting for Income Taxes". A ~~Development~~deferred ~~Stage~~tax ~~Company)~~asset or liability is recorded for ~~Notes~~all totemporary ~~Financial~~differences ~~Statements~~between financial and tax reporting and net operating ~~December~~loss ~~31,~~carryforwards. ~~2009~~Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

~~Harry~~Deferred ~~Miller,~~tax ~~sole~~assets ~~officer~~are ~~and~~reduced ~~director~~by ofa ~~the~~valuation ~~Company~~allowance when, ~~will~~in ~~not~~the beopinion ~~paid~~of ~~for~~management, ~~any underwriting~~it ~~services~~is ~~that~~more helikely ~~performs~~than onnot ~~behalf~~that some portion of ~~the~~all ~~Company~~of ~~with respect to~~ the ~~Company's~~deferred ~~upcoming~~tax ~~SB-2~~assets ~~offering. He~~ will ~~also~~be ~~not~~realized. ~~receive~~Deferred ~~any~~tax ~~interest~~assets onand ~~any~~liabilities ~~funds~~are ~~that~~adjusted hefor ~~advances to~~ the ~~Company~~effects ~~for~~of ~~offering~~changes ~~expenses~~in ~~prior~~tax tolaws ~~the offering~~and ~~being~~rates ~~closed~~on ~~which will be repaid from~~ the date ~~proceeds~~ of ~~the offering~~enactment.

~~While the Company is seeking additional capital, Mr. Miller has advanced~~ ~~funds~~NOTE ~~to the Company to pay any costs incurred by it~~3. ~~These~~ ~~funds~~GOING ~~are interest free. The balance due Mr. Miller was $ 11,750 on December 31, 2009.~~CONCERN

~~NOTE~~The accompanying financial statements are presented on a 6going concern basis. ~~INCOME~~ ~~TAXES~~The Company had no operations during the period from October 2, 2006 (date of inception) to December 31, 2010, generated no revenues, and incurred losses of $ 23,400. This condition raises substantial doubt about the Company's ability to continue as a going concern. Because the Company is currently in the development stage and has minimal expenses, management believes that the company's current cash of $ -0- is sufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario or until they raise additional funding.

As of December 31, 2009
Deferred tax assets: 2,663
Net operating tax carryforwards $ -0-
Other -0-
Gross deferred tax assets -0-
Valuation allowance (2,663)
Net deferred tax assets $ -0-

NOTE 4. WARRANTS AND OPTIONS

~~Realization~~There ofare ~~deferred~~no ~~tax~~warrants ~~assets~~or isoptions ~~dependent~~outstanding ~~upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected~~ to beacquire ~~available to reduce taxable~~any ~~income. As~~additional ~~the~~shares ~~achievement~~ of ~~required~~ ~~future~~common ~~taxable income is uncertain, the Company recorded a valuation allowance~~stock.

~~NOTE 7. NET OPERATING LOSSES~~18

AsPREFERENTIAL ofEQUITIES ~~December~~CORP. (A ~~31,~~Development ~~2009,~~Stage ~~the~~ Company) Notes ~~has~~to ~~net~~Financial ~~operating loss~~Statements ~~carryforwards~~December ~~of $ 17~~31,~~750. Net operating~~ ~~loss carryforward expires twenty years from the date the loss was incurred.~~2010

NOTE 85. ~~STOCK~~ RELATED PARTY TRANSACTIONS

~~Transactions,~~The ~~other~~sole ~~than~~officer ~~employees'~~and ~~stock~~director ~~issuance, are in accordance with paragraph 8~~ of ~~SFAS 123 "Share-Based Payment". Thus issuances shall be accounted for based on~~ the ~~fair~~Company ~~value~~may, ofin the ~~consideration~~future, ~~received. Transactions~~become ~~with~~involved ~~employees'~~in ~~stock~~other ~~issuance~~business ~~are~~opportunities inas ~~accordance~~they ~~with~~become ~~paragraphs~~available, ~~(16-44)~~he ofmay ~~SFAS~~face ~~123.~~a ~~These~~conflict ~~issuances~~in ~~shall~~selecting bebetween ~~accounted~~the ~~for~~Company ~~based~~and onhis other ~~the~~business ~~fair~~opportunities. ~~value~~The ofCompany ~~the~~has ~~consideration~~not ~~received~~formulated ora ~~the~~policy ~~fair~~for ~~value of~~ the ~~equity~~ ~~instruments~~resolution ~~issued,~~of orsuch ~~whichever is more readily determinable~~conflicts.

18Harry Miller, sole officer and director of the Company, will not be paid for any underwriting services that he performs on behalf of the Company with respect to the Company's upcoming SB-2 offering. He will also not receive any interest on any funds that he advances to the Company for offering expenses prior to the offering being closed which will be repaid from the proceeds of the offering.

~~PREFERENTIAL~~While ~~EQUITIES~~the ~~CORP~~Company is seeking additional capital, Mr. Miller has advanced (Afunds ~~Development~~to ~~Stage~~the Company~~) Notes~~ to ~~Financial~~pay ~~Statements~~any costs incurred by it. These funds are interest free. The balance due Mr. Miller was $ 18,400 on December 31, ~~2009~~2010.

NOTE 86. ~~STOCK~~ ~~TRANSACTIONS~~INCOME ~~(Continued)~~TAXES

On ~~October~~ 2, As ~~2006~~of ~~the~~December ~~Company~~31, ~~issued~~ 2010 a ~~total~~ of 5 Deferred tax assets: 6,~~000,000~~256 ~~shares~~ of ~~common~~ Net ~~stock~~operating totax acarryforwards $ ~~director~~-0- ~~for~~ ~~cash~~ Other -0- in ~~the~~ Gross ~~amount~~deferred oftax $assets -0~~.001~~- ~~per~~ ~~share~~ ~~for~~ a Valuation ~~total~~allowance (6,256) of Net deferred tax assets $~~5,000.~~ -0-

AsRealization of ~~December~~deferred ~~31,~~tax ~~2009~~assets is dependent upon sufficient future taxable income during the ~~Company~~period ~~had~~that ~~5,000,000~~deductible ~~shares~~temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the ~~common~~Company ~~stock~~recorded ~~issued~~a ~~and~~valuation ~~outstanding~~allowance.

NOTE 97. ~~STOCKHOLDERS'~~ ~~EQUITY~~NET OPERATING LOSSES

~~The~~As ~~stockholders'~~of ~~equity~~December ~~section~~31, of2010, the Company ~~contains the~~has ~~following~~net ~~classes~~operating loss carryforwards of ~~capital~~$ ~~stock~~23,400. asNet ofoperating ~~December~~loss ~~31,~~carryforward ~~2009:~~expires twenty years from the date the loss was incurred.

~~Common stock, $ 0.001 par value: 100,000,000 shares authorized; 5,000,000 shares issued and outstanding.~~19

19PREFERENTIAL EQUITIES CORP. (A Development Stage Company) Notes to Financial Statements December 31, 2010

~~Item~~NOTE 98. ~~Changes~~STOCK ~~In and Disagreements with Accountants on Accounting and Financial Disclosure.~~TRANSACTIONS

~~Preferential~~Transactions, ~~has~~other ~~not~~than employees' stock issuance, are in ~~changed~~accordance ~~accountants~~with ~~since~~ASC ~~its~~No. ~~formation~~505. ~~and~~Thus ~~there~~issuances shall be accounted for based on the fair value of the consideration received. Transactions with employees' stock issuance are noin ~~disagreements~~accordance with ASC No. 718. These issuances shall be accounted for based on the fair value of the ~~findings~~consideration received or the fair value of ~~said~~the ~~accountants~~equity instruments issued, or whichever is more readily determinable.

~~Item~~On 9AOctober 2, 2006 the Company issued a total of 5,000,000 shares of common stock to a director for cash in the amount of $0.001 ~~Controls~~per ~~and~~share for ~~Procedures~~a total of $5,000.

~~(a)~~As ~~Evaluation~~of December 31, 2010 the Company had 5,000,000 shares of common ~~Disclosure~~stock ~~Controls~~issued and ~~Procedures~~ outstanding.

~~Disclosure controls are controls and procedures that~~ ~~are~~NOTE designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms9. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the companySTOCKHOLDERS's ~~management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.~~ EQUITY

~~Our~~The ~~management~~stockholders' ~~carried~~equity ~~out~~section ~~an evaluation (with the participation~~ of ~~our CEO and CFO), of~~ the ~~effectiveness~~Company ofcontains the ~~design and~~ ~~operation~~following ofclasses ~~our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act~~ of ~~1934~~capital ~~("Exchange Act").~~stock ~~Based upon that evaluation, the Company's CEO and CFO have concluded that the Company's disclosure controls and procedures were effective~~ as of December 31, ~~2009.~~2010:

~~(b)~~Common ~~Internal~~stock, ~~Control~~$ ~~Over~~0.001 par value: 100,000,000 shares ~~Financial~~authorized; ~~Reporting~~5,000,000 shares issued and outstanding.

~~Management's annual report on internal control over financial reporting~~20

~~Management~~Item ~~is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act~~9. ~~Our~~Changes ~~internal~~In ~~control over financial reporting is intended to provide reasonable assurance regarding the reliability of financial reporting~~ and ~~the~~Disagreements ~~preparation of financial statements for external purposes in accordance~~ with ~~U.S.~~Accountants ~~GAAP.~~on ~~Our~~Accounting ~~internal control over~~and ~~financial~~Financial ~~reporting should include those policies and procedures that:~~Disclosure

~~pertain~~Preferential tohas ~~the~~not ~~maintenance~~changed ~~of records~~accountants ~~that,~~since inits ~~reasonable~~formation ~~detail, accurately~~ and ~~fairly~~there ~~reflect~~are ~~the~~no ~~transactions~~disagreements ~~and~~with ~~dispositions~~the findings of ~~our~~said ~~assets;~~accountants.

~~provide~~Item ~~reasonable~~9A. ~~assurance that~~Controls ~~transactions are recorded as necessary to permit preparation of financial statements in accordance with applicable GAAP,~~ and ~~that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and~~Procedures

~~provide~~(a) ~~reasonable~~Evaluation ~~assurance regarding prevention or timely detection~~ of ~~unauthorized~~Disclosure ~~acquisition,~~Controls ~~use or~~and ~~disposition of our assets that could have a material effect on the~~Procedures ~~financial statements.~~

~~Because~~Disclosure ofcontrols ~~its~~are ~~inherent~~controls and procedures that are designed to ensure ~~limitations,~~that ~~internal~~information ~~control~~required ~~over~~to ~~financial~~be ~~reporting~~disclosed ~~may~~in ~~not~~our ~~prevent~~reports orfiled under the ~~detect~~Exchange ~~misstatements.~~Act ~~Also~~is recorded, ~~projections~~processed, ofsummarized ~~any~~and ~~evaluation~~reported, ofwithin ~~effectiveness~~the totime ~~future~~ periods ~~are~~specified ~~subject~~in to the ~~risk~~SEC's ~~that~~rules and forms. Disclosure controls ~~may~~and procedures ~~become~~include, ~~inadequate~~without limitation, controls and procedures designed to ~~because~~ensure ofthat ~~changes~~information required to be disclosed by a Company in ~~conditions,~~the reports that it files or ~~that~~submits under the ~~degree~~Exchange ofAct ~~compliance~~is ~~with~~accumulated and communicated to the company's management, including its principal executive and principal ~~policies~~financial officers, or ~~procedures~~persons ~~may~~performing ~~deteriorate~~similar functions, as appropriate to allow timely decisions regarding required disclosure.

AsOur ~~required~~management bycarried ~~Rule~~out ~~13a-15(c)~~an ~~promulgated~~evaluation ~~under the Exchange Act, our management,~~ (with the participation of our ~~Chief Executive Officer ("~~CEO") and ~~Chief Financial Officer ("~~CFO"), ~~evaluated~~ of the effectiveness of ~~our~~the ~~internal~~design ~~control~~and ~~over~~operation ~~financial reporting as~~ of ~~December~~our ~~31, 2009. Management's assessment took into consideration the size~~disclosure ~~and~~controls ~~complexity of the company~~ and ~~was~~procedures ~~based~~pursuant onto ~~criteria~~Rules ~~set~~13a-15(e) ~~forth~~and by15d-15(e) ~~the~~under ~~Committee~~the ofSecurities ~~Sponsoring~~Exchange ~~Organizations~~Act of ~~the~~1934 ~~Treadway~~("Exchange ~~Commission~~Act"). inBased ~~Internal~~upon ~~Control~~that ~~over~~evaluation, ~~Financial~~the ~~Reporting~~Company's ~~-Guidance~~CEO ~~for~~and ~~Smaller~~CFO ~~Public~~have ~~Companies. In performing the assessment, management has~~ concluded that ~~our~~the ~~internal~~Company's ~~control~~disclosure ~~over financial~~controls ~~reporting~~and ~~was~~procedures were effective as of December 31, ~~2009~~2010.

~~Attestation~~(b) ~~report~~Internal ofcontrol ~~the~~over ~~registered~~financial ~~public~~reporting ~~accounting firm~~

~~This~~Management's annual report ~~does~~on ~~not include an attestation report of the company's 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.

Management is responsible for establishing and maintaining adequate internal 20control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is intended to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP. Our internal control over financial reporting should include those policies and procedures that:

~~Changes~~pertain to the maintenance of records that, in ~~internal~~reasonable ~~control~~detail, ~~over~~accurately and ~~financial~~fairly ~~reporting~~reflect the transactions and dispositions of our assets;
~~There~~provide ~~were~~reasonable noassurance ~~changes~~that intransactions ~~our~~are ~~internal~~recorded ~~controls~~as ~~that~~necessary to ~~occurred~~permit ~~during~~preparation ~~the~~of ~~year~~financial ~~covered~~statements byin ~~this~~accordance ~~report~~with applicable GAAP, and that ~~have~~receipts ~~materially~~and ~~affected, or~~expenditures are ~~reasonably~~being ~~likely~~made toonly ~~materially~~in ~~affect~~accordance ~~our~~with authorizations ~~internal~~of ~~controls.~~management and the Board of Directors; and
~~Changes~~provide inreasonable ~~Internal~~assurance ~~Controls~~regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

~~Based~~Because ~~on the evaluation as~~ of ~~December~~its ~~31,~~inherent ~~2009~~limitations, ~~Harry Miller,~~internal ~~our~~control ~~President,~~over ~~Chief Executive Officer, and Chief Financial Officer has~~financial ~~concluded~~reporting ~~that~~may ~~there~~not ~~were~~prevent noor ~~significant~~detect ~~changes~~misstatements. inAlso, ~~our~~projections ~~internal~~of ~~controls over~~any ~~financial~~evaluation ~~reporting~~of oreffectiveness into ~~any~~future ~~other~~periods ~~areas~~are ~~that~~subject ~~could~~to ~~significantly~~the ~~affect~~risk ~~our~~that ~~internal~~ controls ~~subsequent~~may tobecome ~~the~~inadequate ~~date~~because of ~~his~~changes ~~most~~in ~~recent evaluation~~conditions, or that the ~~including~~degree ~~corrective~~of ~~actions~~compliance with ~~regard~~the topolicies ~~significant~~or ~~deficiencies~~procedures ~~and material~~may ~~weaknesses~~deteriorate.

~~Item~~As 9Arequired by Rule 13a-15(Tc) -promulgated ~~Controls~~under the Exchange Act, our management, with the participation of our Chief Executive Officer ("CEO") and Chief ~~Procedures~~Financial Officer ("CFO"), evaluated the effectiveness of our internal control over financial reporting as of December 31, 2010. Management's assessment took into consideration the size and complexity of the company and was based on criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control over Financial Reporting -Guidance for Smaller Public Companies. In performing the assessment, management has concluded that our internal control over financial reporting was effective as of December 31, 2010.

~~See~~Attestation ~~Item~~report ~~9A -~~of ~~Controls~~the ~~and Procedures~~registered ~~above.~~public accounting firm

~~Item~~This 9Bannual report does not include an attestation report of the company's registered public accounting firm regarding internal control over financial reporting. ~~Other~~Management's ~~Information~~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.

~~None~~21

~~PART~~Changes ~~III~~in internal control over financial reporting

~~Item~~There ~~10.~~were ~~Directors~~no ~~and~~changes ~~Executive~~in ~~Officers~~our internal controls that occurred during the year covered by this report that have materially affected, ~~Promoters~~or ~~and~~are ~~Corporate~~reasonably ~~Governance~~likely to materially affect our internal controls.

~~Identification~~Changes ofin ~~Directors and Executive Officers.~~Internal Controls

~~The following~~Based ~~table~~on ~~sets~~the ~~forth~~evaluation ~~the~~as ~~names~~of December 31, ~~positions~~2010, Harry Miller, our President, Chief Executive Officer, and ~~ages~~Chief ofFinancial Officer has concluded that there were no significant changes in our ~~executive~~internal ~~officer~~controls over financial reporting or in any other areas that could significantly affect our internal controls subsequent to the date of his most recent evaluation, including corrective actions with regard to significant deficiencies and ~~directors.~~material weaknesses.

Name Age Position Since
Harry Miller 76 President, CEO, CFO, Treasurer, Principal Accounting Officer, Secretary and Director October 2, 2006
ITEM 9A(T) - Controls and Procedures above

~~Mr. Miller~~See ~~has~~Item ~~held~~9A ~~the~~- ~~above~~Controls ~~offices/positions since inception~~ and isProcedures ~~expected to hold said offices/positions until the next meeting of stockholders~~above.

~~Background~~ Item of9B. ~~Officers~~Other ~~and Directors~~Information

~~The principal occupation and business experience during the last five years for each of our present director and executive officer is as follows:~~ None

~~Harry Miller, has been President, Chief Executive Officer, Secretary,~~ ~~Treasurer,~~PART Acting Chief Financial Officer and sole director of Preferential since October 2, 2006. Mr. Miller has years of experience in starting new enterprises; having spent the last thirty years in forming many companies and providing consulting services to a variety of businesses. Many of these companies were in the medical products and health care industries. Currently he is associated with Eastside Mortgage, LLC. of Bellevue, Washington where he maintains a real estate license and analyzes funding proposals, primarily construction loans for his investment portfolio and that of the principal of the firm. In 1991, Mr. Miller established Solar Health Care of Florida, investing in the Medicaid HMO industry. As CEO of Solar Health Care, he developed its business plan that included leasing office space, preparing and filing the complex application to the state, hiring staff and negotiating the purchase of an existing HMO. During the subsequent five year period, Mr. Miller entered into a contractual arrangement to provide medical care to over 8,000 patients. At the end of his tenure intense competitive pressures caused the company to be wound up. Mr. Miller is the former director and officer of the following reporting issuers: (1) Coronation Acquisition Corp., a former blank check company, now known as Supreme Realty Investments, Inc. ("SRLT.OB"); (2) Black Gardenia Corp., a former blank check company, now known as Asia Interactive Media Inc.; (3) Medina Coffee, Inc., an espresso cart and café company, now known as China Bak Battery Inc. ("CBBT.OB"); and Dentalserv.com, a dental software company which changed control in December 2006 ("DSRV.OB"). Mr. Miller is also the President and Chief Executive Officer of Clifton Star Resources Inc. (CFO.V), a TSX Venture listed mining exploration company. III

21 Item 10. Directors and Executive Officers and Corporate Governance

~~Significant~~ Identification ~~Employees.~~of Directors and Executive Officers

~~Preferential~~The ~~has~~following notable ~~employees~~sets ~~who~~forth ~~are~~the ~~not executive officers~~names, ~~but~~positions ~~who are~~and ~~expected~~ages toof ~~make a significant contribution to~~ our ~~business.~~ executive ~~Involvement~~officer inand ~~Certain Legal Proceedings~~directors.

During the past five years, none of our directors or officers have been:

Name Age Position Since

Harry Miller 77 President, CEO, CFO, Treasurer, Principal Accounting Officer, Secretary and Director October 2, 2006

aMr. ~~general~~Miller ~~partner~~has orheld ~~executive~~the ~~officer~~above ofoffices/positions ~~any~~since ~~business~~inception ~~against~~and ~~which any~~is ~~bankruptcy~~expected ~~petition~~to ~~was~~hold ~~filed,~~said ~~either~~offices/positions atuntil the ~~time~~next meeting of ~~the bankruptcy or two years prior to that time;~~ stockholders.

~~convicted~~Background inof aOfficers ~~criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations~~ and ~~other minor offenses);~~ Directors

~~subject~~The toprincipal ~~any~~occupation ~~order,~~and ~~judgment~~business orexperience ~~decree,~~during ~~not~~the ~~subsequently~~last ~~reversed,~~five years ~~suspended~~for oreach ~~vacated,~~ of ~~any court of~~our ~~competent~~present ~~jurisdiction,~~director ~~permanently~~and orexecutive ~~temporarily~~officer ~~enjoining,~~is ~~barring, suspending~~as ~~or otherwise limiting his involvement in any type of business, securities or banking activities; or~~ follows:

Harry Miller, has been President, Chief Executive Officer, Secretary, ~~found~~Treasurer, byActing Chief Financial Officer and sole director of Preferential since October 2, 2006. Mr. Miller has years of experience in starting new enterprises; having spent the last thirty years in forming many companies and providing consulting services to a ~~court~~variety of ~~competent~~businesses. ~~jurisdiction~~Many (of these companies were in the medical products and health care industries. Currently he is associated with Eastside Mortgage, LLC. of Bellevue, Washington where he maintains a ~~civil~~real ~~action)~~estate license and analyzes funding proposals, primarily construction loans for his investment portfolio and that of the principal of the ~~Securities~~firm. In 1991, Mr. Miller established Solar Health Care of Florida, investing in the Medicaid HMO industry. As CEO of Solar Health Care, he developed its business plan that included leasing office space, preparing and ~~Exchange~~filing ~~Commission~~the complex orapplication to the ~~Commodity~~state, ~~Futures~~hiring ~~Trading~~staff ~~Commission~~and negotiating the purchase of an existing HMO. During the subsequent five year period, Mr. Miller entered into a contractual arrangement to ~~have~~provide ~~violated~~medical care to over 8,000 patients. At the end of his tenure intense competitive pressures caused the company to be wound up. Mr. Miller is the former director and officer of the following reporting issuers: (1) Coronation Acquisition Corp., a ~~federal~~former orblank ~~state~~check ~~securities~~company, ornow ~~commodities~~known ~~law~~as Supreme Realty Investments, Inc. ("SRLT.OB"); (2) Black Gardenia Corp., a former blank check company, now known as Asia Interactive Media Inc.; (3) Medina Coffee, Inc., an espresso cart and cafe company, now known as China Bak Battery Inc. ("CBBT.OB"); and Dentalserv.com, a dental software company which changed control in December 2006 ("DSRV.OB"). Mr. Miller is also the President and Chief Executive Officer ~~judgment~~of ~~has~~Clifton ~~not~~Star ~~been~~Resources ~~reversed~~Inc. (CFO.V), ~~suspended~~a orTSX ~~vacated~~Venture listed mining exploration company.

~~Family Relationships.~~22

~~Not~~ ~~Applicable. We currently have only~~ ~~one~~Significant ~~director and officer, Mr. Harry Miller.~~Employees

~~Audit~~Preferential ~~Committee~~has ~~Financial~~no ~~Expert~~employees who are not executive officers, but who are expected to make a significant contribution to our business.

~~Preferential~~Involvement ~~does~~in ~~not~~Certain ~~have a standing Audit Committee. The functions of~~Legal the Audit Committee are currently assumed by our Board of Directors. Additionally, Preferential does not have a member on its board of directors that has been designated as an audit committee "financial expert." Preferential does not believe that the addition of such an expert would add anything meaningful to Preferential at this time. It is also unlikely Preferential would be able to attract an independent financial expert to serve on its Board of Directors at this stage of its development. In order to entice such a director to join its Board of Directors Preferential would probably need to acquire directors' errors and omission liability insurance and provide some form of meaningful compensation to such a director; two things Preferential is unable to afford at this time.Proceedings

~~Compliance~~During ~~with~~the ~~Section~~past ~~16(a)~~five years, none of ~~the~~our ~~Securities~~directors ~~Exchange~~or ~~Act~~officers ofhave ~~1934.~~been:

~~Under~~a ~~the securities~~general ~~laws~~partner ofor ~~the United States, our directors,~~ executive ~~officers~~officer ~~(and certain other officers) and any persons holding more than 10%~~ of ~~our outstanding voting securities are required to report their ownership in our securities and~~ any ~~changes~~business inagainst ~~that~~which ~~ownership to the SEC. Based solely upon reliance~~any on ~~the~~bankruptcy ~~verbal~~petition ~~and~~was ~~written representations of our director and officer~~filed, ~~we believe~~either weat ~~are in compliance with Section 16(a) of~~ the ~~Securities Exchange~~time ~~Act~~ of ~~1934. Under this section Mr. Harry Miller is now required to file a Form 3 initial report with~~ the ~~Securities~~bankruptcy ~~and~~or ~~Exchange Commission and file a Form 4 on~~two ~~any~~ ~~subsequent~~years ~~changes. Mr.~~prior ~~Miller has not bought or sold any securities since October 2, 2006 when we issued 5,000,000 shares of our common stock~~ to ~~Mr.~~that ~~Harry~~time; ~~Miller, for an aggregate purchase price of $5,000.00.~~
~~Code~~convicted ofin ~~Ethics.~~a criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);
~~Preferential~~subject ~~has~~to ~~not~~any ~~adopted~~order, ajudgment ~~Code~~or ofdecree, ~~Ethics~~not atsubsequently ~~this~~reversed, ~~time~~suspended ~~and~~or ~~the~~vacated, ~~Board~~ of ~~Directors~~any ofcourt ~~Preferential is reviewing the necessity~~ of ~~adopting~~competent ~~such~~jurisdiction, apermanently or ~~document~~ attemporarily ~~this~~enjoining, ~~time~~barring, bysuspending ~~Preferential~~or ~~given~~otherwise ~~the~~limiting ~~composition of its Board of~~his ~~Directors~~ ~~and~~involvement ~~Officer~~in ~~and~~any ~~its~~type ~~scale~~ of ~~its~~business, ~~operations~~securities ator ~~this~~banking ~~time.~~activities; or
22found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

~~Item~~ Family ~~11. Executive Compensation.~~Relationships

~~Summary~~Not ~~Compensation~~Applicable. ofWe ~~Executive~~currently ~~Officers~~have only one director and officer, Mr. Harry Miller.

~~The~~Audit ~~following~~Committee ~~table contains information concerning the compensation paid during~~Financial our fiscal years ended December 31, 2009, 2008 and 2007 to the persons who served as our Chief Executive Officers, and each of the two other most highly compensated executive officers during 2009 (collectively, the "Named Executive Officers").Expert

Preferential does ~~SUMMARY~~not ~~COMPENSATION~~have ~~TABLE~~ a standing ~~Name~~Audit ~~and~~Committee. ~~Principal~~The ~~Position~~functions ~~Year~~of the ~~Salary~~Audit ~~($) Bonus~~Committee ~~($) Stock~~are ~~Awards ($) Option~~currently ~~Awards ($)~~assumed ~~Non-Equity~~by ~~Incentive~~our ~~Plan Compen- sation~~Board ~~($) Nonquali-fied~~of ~~Deferred Compen-sation~~Directors. ~~($)~~Additionally, ~~All~~Preferential ~~Other Compen-sation ($)~~does ~~Total ($)~~ not have a member on its board of directors that has been ~~Harry~~designated ~~Miller~~as an audit committee "financial expert." Preferential does not ~~President~~believe ~~CEO,~~that ~~Treasurer,~~the ~~Secretary,~~addition ~~Acting~~of ~~CFO~~such ~~and~~an ~~Director(1)~~expert would add anything meaningful to ~~2009 Nil Nil Nil Nil Nil Nil Nil Nil~~ Preferential at this time. It is also unlikely Preferential would be able to attract an independent financial expert to serve on its Board of Directors at ~~2008 Nil Nil Nil Nil Nil Nil Nil Nil~~ this stage of its development. In order to entice such a director to join its Board of Directors Preferential would probably need to acquire directors' errors ~~2007 Nil Nil Nil Nil Nil Nil Nil Nil~~ and omission liability insurance and provide some form of meaningful compensation to such a director; two things Preferential is unable to afford at this time.

Compliance with ~~Notes:~~ Section 16(a) of the Securities Exchange Act of 1934

Under the securities laws of the United States, our directors, executive officers (and certain other officers) and any persons holding more than 10% of our outstanding voting securities are required to report their ownership in our securities and any changes in that ownership to the SEC. Based solely upon reliance on the verbal and written representations of our director and officer, we believe we are in compliance with Section 16(1a) of the Securities Exchange Act of 1934. Under this section Mr. Harry Miller ~~was~~is ~~appointed~~now ~~President,~~required ~~CEO,~~to file a ~~Treasurer,~~Form ~~Secretary~~3 initial report with the Securities and aExchange ~~Director~~Commission ofand ~~the~~file ~~Company~~a Form 4 on any subsequent changes. Mr. Miller has not bought or sold any securities since October 2, 2006 when we issued 5,000,000 ~~the date~~shares of our ~~formation.~~common stock to Mr. Harry Miller, for an aggregate purchase price of $5,000.00.

~~Compensation~~Code of ~~Directors~~Ethics

Preferential's ~~sole officer and director~~ has not ~~received~~adopted ~~any~~a ~~compensation~~Code ~~for~~of ~~his~~Ethics ~~services rendered~~at tothis ~~Preferential~~time ~~since~~and ~~inception.~~the ~~Harry~~Board ~~Miller has agreed to act~~of ~~without~~Directors ~~compensation~~of ~~until~~Preferential ~~authorized~~is byreviewing the ~~Board~~necessity of ~~Directors,~~adopting ~~which~~such isa ~~not~~document ~~expected~~at tothis ~~occur~~time ~~until~~by Preferential ~~has~~given ~~generated~~the ~~revenues~~composition ~~from~~of ~~operations after~~its ~~consummation~~Board of aDirectors ~~merger~~and Officer orand ~~acquisition.~~its Asscale of ~~the~~its ~~date~~operations ofat this ~~registration~~ ~~statement, Preferential has no funds available to pay Harry Miller~~time. ~~Further, Harry Miller is not accruing any compensation pursuant to any agreement with Preferential.~~

It is possible that, after Preferential successfully consummates a merger or acquisition with an unaffiliated entity, that entity may desire to employ or retain Mr. Miller for the purposes of providing services to the surviving entity, or otherwise provide other compensation to Mr. Miller. However, Preferential has adopted a policy whereby the offer of any post-transaction remuneration to members of management will not be a consideration in Preferential's decision to undertake any proposed transaction.23

~~Preferential~~Item ~~may also compensate Harry Miller, President of Preferential shares of Common Stock of Preferential for his services in connection with completion of an acquisition or merger~~11. ~~Preferential~~Executive ~~does not intend to compensate any other individual or consultants in connection with completion of an acquisition or merger.~~Compensation

~~Employment~~Summary ~~Contracts~~Compensation ~~and Termination~~ of ~~Employment~~Executive or Change of Control. We have no plans or arrangements in respect of remuneration received or that may be received by our executive officers to compensate such officers in the event of termination of employment (as a result of resignation or retirement).Officers

~~No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by Preferential for the benefit of its employees.~~ T
he following table contains information concerning the compensation paid during our fiscal years ended December 31, 2010, 2009 and 2008 to the persons who served as our Chief Executive Officers, and each of the two other most highly compensated executive officers during 2010 (collectively, the "Named Executive Officers").

Equity Compensation Plan.

SUMMARY COMPENSATION TABLE

Name and Principal Position Year
Salary ($)

Bonus ($)

Stock Awards
($)

Option Awards
($)

Non-Equity
Incentive Plan
Compen-
sation
($)

Nonqualified Deferred Compen-sation ($)

All Other
Compen-
sation
($)

Total
($)

Harry Miller
President CEO, Treasurer, Secretary, Acting CFO and Director⁽¹⁾ 2010
Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

2009
Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

2008
Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

~~Preferential~~Notes: ~~does~~(1) ~~not~~Mr. ~~have~~Miller anwas ~~equity~~appointed ~~compensation~~President, ~~plan~~CEO, Treasurer, Secretary and ~~does~~a ~~not~~Director ~~plan to~~of ~~implement~~the ~~such~~Company aon ~~plan~~October 2, 2006, the date of our formation.

23Compensation of Directors

~~Item~~Preferential's 12sole officer and director has not received any compensation for his services rendered to Preferential since inception. ~~Security~~Harry ~~Ownership~~Miller has agreed to act without compensation until authorized by the Board of ~~Certain~~Directors, which ~~Beneficial~~is ~~Owners~~not ~~and~~expected ~~Management~~to ~~and~~occur ~~Related~~until ~~Stockholder~~Preferential ~~Matters~~has generated revenues from operations after consummation of a merger or acquisition. As of the date of this registration statement, Preferential has no funds available to pay Harry Miller. Further, Harry Miller is not accruing any compensation pursuant to any agreement with Preferential.

~~Principle~~It ~~Stockholders~~is possible that, after Preferential successfully consummates a merger or acquisition with an unaffiliated entity, that entity may desire to employ or retain Mr. Miller for the purposes of providing services to the surviving entity, or otherwise provide other compensation to Mr. Miller. However, Preferential has adopted a policy whereby the offer of any post-transaction remuneration to members of management will not be a consideration in Preferential's decision to undertake any proposed transaction.

~~The~~Preferential ~~following~~may ~~table~~also ~~sets forth~~compensate ~~certain~~Harry ~~information~~Miller, asPresident of ~~December 31, 2009, regarding the beneficial~~Preferential ~~ownership~~shares of ~~Preferential's~~ Common Stock byof ~~(i)~~Preferential ~~each~~for ~~stockholder~~his ~~known~~services ~~by Preferential~~in toconnection bewith completion ~~the~~of ~~beneficial~~an ~~owner~~acquisition ofor ~~more~~merger. ~~than~~Preferential 5%does ofnot ~~Preferential's~~intend to ~~Common~~compensate ~~Stock,~~any ~~(ii)~~other byindividual ~~each~~or ~~Director~~consultants ~~and~~in ~~executive~~connection ~~officer~~with ofcompletion ~~Preferential and~~of ~~(iii)~~an byacquisition ~~all~~or merger.

~~executive~~ Employment ~~officer~~Contracts and ~~Directors~~ ofTermination ~~Preferential as a group. Each~~ of ~~the persons named in the table~~Employment ~~has~~or ~~sole~~Change ~~voting~~of ~~and investment power with respect to Common Stock beneficially~~Control ~~owned.~~

We have ~~Name~~no ~~and~~plans ~~Address of~~or ~~Beneficial~~arrangements ~~Owner Amount~~in ~~and~~respect ~~Nature~~ of ~~Beneficial~~ ~~Ownership~~remuneration ~~(1) Percent~~received ofor ~~Class~~that may be ~~Harry~~received ~~Miller Bellevue,~~by ~~WA 5,000,000 (Restricted~~our ~~securities~~executive asofficers ~~defined~~to incompensate ~~the~~such ~~Securities~~officers ~~Act~~in ~~of 1933)~~the ~~100%~~ event of ~~All~~termination ~~officers~~of ~~and~~employment ~~directors~~ (as a ~~group~~result (1of ~~person). 5~~resignation,~~000~~ retirement,~~000~~ ~~(Restricted~~change ~~securities~~of ascontrol) ~~defined~~or ina ~~the~~change ~~Securities~~of ~~Act~~responsibilities offollowing ~~1933) 100%~~ a change of control.

Further, no ~~(1) Unless~~retirement, ~~otherwise indicated~~pension, ~~the~~profit ~~named~~sharing, ~~party~~stock isoption ~~believed~~or insurance toprograms ~~have~~or ~~sole~~other ~~investment~~similar ~~and~~programs ~~voting~~have ~~control~~been ofadopted ~~the~~by ~~shares~~Preferential ~~set~~for ~~forth in~~ the ~~above~~benefit ~~table.~~ of its employees.

~~There are~~Compensation ~~currently~~of ~~no options, warrants, rights or other securities conversion privileges granted to our officer, director or beneficial owner.~~Directors

~~Equity~~No ~~Compensation~~cash ~~Plan~~compensation was paid to any of our directors for the director's services as a director during the year ended December 31, 2010 or since our inception. We have no standard arrangement pursuant to which our directors are compensated for their services in their capacity as directors except for the granting from time to time of incentive stock options. The board of directors may award special remuneration to any director undertaking any special services on behalf of Preferential other than services ordinarily required of a director. Other than indicated below, no director received and/or accrued any compensation for his services as a director, including committee participation and/or special assignments.

~~We did not have an equity compensation plan in place during the fiscal year ended December 31, 2009.~~ 24

~~Changes~~Board inof ~~Control.~~Directors Report on Executive Compensation

~~There~~The Board of Directors of Preferential is responsible for reviewing and determining the annual salary and other compensation of the executive officers and key employees of Preferential. The goals of Preferential are noto ~~present~~align ~~arrangements~~compensation orwith ~~pledges~~business objectives and performance and to enable Preferential to attract, retain and reward executive officers and other key employees who contribute to the long-term success of Preferential's. ~~securities~~Preferential will ~~which~~provide base salaries to its executive officers and key employees sufficient to provide motivation to achieve certain operating goals. Although salaries are not specifically tied to performance, incentive bonuses are available to certain executive officers and key employees. In the future, executive compensation may ~~result~~include inwithout alimitation ~~change~~cash inbonuses, ~~control~~stock ofoption grants and stock reward grants. In addition, Preferential may set up a pension plan or similar retirement plans.

~~Item~~Preferential ~~13.~~has ~~Certain~~no ~~Relationships~~pension, ~~and~~health, ~~Related~~annuity, ~~Transactions~~insurance, profit ~~and~~sharing ~~Director~~or ~~Independence~~similar benefit plans.

~~Certain~~Stock ~~Relationships~~Options/SAR ~~and Related Transactions.~~Grants

WeDuring ~~were~~the ~~formed~~fiscal onyears ~~October 2~~ended December 31, ~~2006. On~~2010 ~~October~~and 2December 31, ~~2006~~2009, we ~~issued~~ ~~5,000,000~~did ~~shares~~not ofgrant ~~our~~any ~~common~~stock options or stock appreciation rights to Mrany of our directors or officers. ~~Harry~~There ~~Miller,~~were ~~for~~no ~~an aggregate~~stock ~~purchase~~options ~~price~~exercised ofduring ~~$5,000.~~ the ~~Mr.~~fiscal ~~Harry~~year ~~Miller~~ended December 31, is2010 ~~our~~or ~~President~~December 31, ~~Chief~~2009, ~~Financial~~and ~~Officer,~~there ~~Secretary~~were no stock options or stock appreciation rights outstanding on December 31, 2010 or ~~and~~December a31, ~~director~~2009.

~~There~~Long-Term ~~have~~Incentive ~~been~~Plans/ noEquity ~~other~~Compensation ~~related~~Plan ~~party transactions, or any other transactions or relationships required to be disclosed pursuant to Item 404 of Regulation S-B.~~

~~Director~~There ~~Independence~~are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers, except that our directors and executive officers may receive stock options at the discretion of our board of directors. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of our board of directors.

~~We currently do not have any independent directors, as the term "independent" is defined by the rules of the Nasdaq~~ Stock ~~Market~~Option (Note: Our shares of common stock are not listed on NASDAQ or any other national securities exchange and this reference is used for definition purposes only). We currently only have one director on our Board of Directors.Plans

24Preferential has not adopted a stock option plan or long-term incentive plans at this time.

Item 1412. ~~Principal~~Security ~~Accountant~~Ownership ~~Fees~~of Certain Beneficial Owners and ~~Services.~~Management and Related Stockholder Matters

~~Fees~~Principle ~~and~~Stockholders ~~Services~~

WeThe ~~were~~following ~~formed~~table ~~October~~sets 2,forth ~~2006. George~~certain ~~Stewart~~information as of December 31, ~~CPA~~2010, regarding ~~audited~~the ~~our~~beneficial ~~financial~~ownership ~~statements~~of ~~for~~Preferential's ~~fiscal~~Common ~~2008. The~~Stock ~~following~~by is(i) aneach stockholder ~~aggregate~~known by Preferential to be the beneficial owner of more than 5% of ~~fees~~Preferential's ~~billed~~Common ~~for~~Stock, (ii) by each Director and executive officer of Preferential and (iii) by all executive officer and Directors of Preferential as a group. Each of the persons ~~last~~named ~~year~~in ~~for~~the ~~professional~~table ~~services~~has ~~rendered~~sole byvoting ~~our~~and investment power with respect to ~~principal~~Common ~~accountants:~~Stock beneficially owned.

2009 2008
Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership (1) Percent of Class
Audit fees - auditing of our annual financial statements and preparation of auditors' report. 2,000 2,000
Harry Miller Bellevue, WA 5,000,000 (Restricted securities as defined in the Securities Act of 1933) 100%
Audit-related fees - review of each of the quarterly financial statements. 3,000 3,000
All officers and directors as a group (1 person). 5,000,000 (Restricted securities as defined in the Securities Act of 1933) 100%
Tax fees - preparation and filing of three major tax-related forms and tax planning. 250 250
(1) Unless otherwise indicated, the named party is believed to have sole investment and voting control of the shares set forth in the above table.
All other fees - other services provided by our principal accountants. - -
Total fees paid or accrued to our principal accountants 5,250 5,250
Notes: (1) This number is an estimate only.

~~Pre-Approval Policies and Procedures~~25

WeThere ~~understand~~are ~~the~~currently ~~need~~no ~~for~~options, ~~our~~warrants, ~~principal~~rights ~~accountants~~or toother ~~maintain~~securities ~~objectivity~~conversion ~~and~~privileges ~~independence~~granted ~~in their audit of our financial statements. To minimize relationships that could appear~~ to ~~impair the objectivity of~~ our ~~principal~~ ~~accountants~~officer, ~~our~~director ~~audit~~or ~~committee~~beneficial ~~has restricted the non-audit services that our principal accountants may provide to us primarily to tax services and review assurance services~~owner.

WeChanges ~~are~~in only to obtain non-audit services from our principal accountants when the services offered by our principal accountants are more effective or economical than services available from other service providers, and, to the extent possible, only after competitive bidding. These determinations are among the key practices adopted by the audit committee effective during fiscal 2009. The board has adopted policies and procedures for pre-approving work performed by our principal accountants.Control

~~After~~There ~~careful~~are ~~consideration,~~no ~~the~~present ~~audit~~arrangements ~~committee~~or ofpledges ~~the board~~ of ~~directors~~ ~~has determined that payment of the above audit fees is in conformance with the independent status of our company~~Preferential's ~~principal~~securities ~~independent~~which ~~accountants.~~may ~~Before~~result ~~engaging~~in ~~the~~a ~~auditors~~change in ~~additional~~control ~~services,~~of ~~the audit committee considers how these services will impact the entire engagement and independence factors~~Preferential.

~~PART~~Item IV13. Certain Relationships and Related Transactions, and Director Independence

~~Item~~Certain ~~15. Exhibits,~~Relationships ~~Financial Statement Schedules,~~ and ~~Reports~~Related ~~on Form 8-K.~~Transactions

Exhibit Number		Exhibit Title
31.a		Section 906 Certificate of CEO
31.b		Section 906 Certificate of CFO
32		Section 302 Certificate of CEO & CFO

We were formed on October 2, 2006. On October 2, 2006, we issued 5,000,000 shares of our common stock to Mr. Harry Miller, for an aggregate purchase price of $5,000. Mr. Harry Miller, is our President, Chief Financial Officer, Secretary, and a director.

~~The~~As ~~Board~~ of ~~Directors~~December 31, 2010, Mr. Miller has ~~pre-approved~~loaned ~~specifically~~Preferential ~~identified non-audit~~a ~~related~~total ~~services~~of $18,400 ~~including~~for ~~tax~~working ~~compliance,~~capital ~~review~~(year ofended ~~tax~~December ~~returns~~31, 2009 - $11,750). The ~~documentation~~advance ofdoes ~~processes~~not ~~and~~carry ~~controls~~an asinterest ~~submitted~~rate, tois ~~the~~unsecured ~~Board~~and ofhas ~~Directors from~~no ~~time~~fixed toterms ~~time~~of repayment.

25There have been no other related party transactions, or any other transactions or relationships required to be disclosed pursuant to Item 404 of Regulation S-B.

~~SIGNATURES~~Director Independence.

InWe ~~accordance~~currently ~~with~~do ~~Section~~not 13have orany ~~15(d)~~independent ofdirectors, as the ~~Exchange~~term ~~Act,~~"independent" is defined by the ~~registrant~~ ~~caused~~rules ~~this~~of ~~report~~the toNasdaq beStock ~~signed~~Market (Note: Our shares of common stock are not listed on ~~its~~NASDAQ ~~behalf~~or byany ~~the~~other ~~undersigned,~~national securities exchange and ~~thereunto~~this ~~duly~~reference ~~authorized~~is used for definition purposes only). We currently only have one director on our Board of Directors.

PREFERENTIAL EQUITIES CORP. /s/ Harry Miller
By: Harry Miller, President, CEO, Secretary, Treasurer, CFO, Principal Accounting Officer and sole Director
Date: March 25, 2010
Item 14. Principal Accounting Fees and Services

InFees ~~accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant~~ and ~~in the capacities indicated, on March 25, 2010.~~Services

	/s/ Harry Miller
By:	Harry Miller, President, CEO, Secretary, Treasurer, CFO, Principal Accounting Officer and sole Director
Date:	March 25, 2010.

We were formed October 2, 2006. George Stewart, CPA, audited our financial statements for fiscal 2010. The following is an aggregate of fees billed for each of the last year for professional services rendered by our principal accountants:

26

2010

2009

Audit fees - auditing of our annual financial statements and preparation of auditors' report.
2,000

2,000

Audit-related fees - review of each of the quarterly financial statements.
3,400

3,000

Tax fees - preparation and filing of three major tax-related forms and tax planning.
250

250

All other fees - other services provided by our principal accountants.
-

-

Total fees paid or accrued to our principal accountants
5,650

5,250

Notes:
(1)
This number is an estimate only.

Pre-Approval Policies and Procedures

We understand the need for our principal accountants to maintain objectivity and independence in their audit of our financial statements. To minimize relationships that could appear to impair the objectivity of our principal accountants, our audit committee has restricted the non-audit services that our principal accountants may provide to us primarily to tax services and review assurance services.

We are only to obtain non-audit services from our principal accountants when the services offered by our principal accountants are more effective or economical than services available from other service providers, and, to the extent possible, only after competitive bidding. These determinations are among the key practices adopted by the audit committee effective during fiscal 2010. The board has adopted policies and procedures for pre-approving work performed by our principal accountants.

After careful consideration, the audit committee of the board of directors has determined that payment of the above audit fees is in conformance with the independent status of our company's principal independent accountants. Before engaging the auditors in additional services, the audit committee considers how these services will impact the entire engagement and independence factors.

PART IV

Item 15. Exhibits, Financial Statement Schedules

Exhibit Number Exhibit Title

31.a Section 906 Certificate of CEO

31.b Section 906 Certificate of CFO

32 Section 302 Certificate of CEO & CFO

The Board of Directors has pre-approved specifically identified non-audit related services, including tax compliance, review of tax returns, documentation of processes and controls as submitted to the Board of Directors from time to time.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PREFERENTIAL EQUITIES CORP.

/s/ Harry Miller

By: Harry Miller, President, CEO, Secretary, Treasurer, CFO,
Principal Accounting Officer and sole Director

Date: March 31, 2011

Pursuant to the requirements of the Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities an don the dates indicated.

/s/ Harry Miller

By: Harry Miller, President, CEO, Secretary, Treasurer, CFO,
Principal Accounting Officer and sole Director

Date: March 31, 2011

FORWARD LOOKING INFORMATION
PART I			1
	Item 1. Business.		1
		Formation	1
		Our Business	1
		Competition	1
		Research and Development	2
		Environmental Compliance	2
		Government Regulation	2
		Employees	4
		Reports to Securities Holders	4
	Item 1A. Risk Factors.		4
		Risks Related to Our Business and Industry	4
		Risks Related to Owning Our Common Stock	4
	Item 1B. Unresolved Staff Comments		6
	Item 2. Property		6
	Item 3. Legal Proceedings		6
	Item 4.( Removed and Reserved)		6

PART II			7
	Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of		7
		Equity Securities	7
		General	7
		Dividend Policy	7
		No Equity Compensation Plan	7
		Recent Sales of Unregistered Securities	7
	Item 6. Selected Financial Data		7
	Item 7. Management Discussion and Analysis of Financial Condition and Results of Operations		7
		2010 Business Environment	7
		Results of Operation	7
		Off-Balance Sheet Arrangement	8
		Capital Expenditure Commitments	8
		Plan of Operations	8
	Item 7A. Quantitive and Qualitive Disclosure About Market Risk.		10
	Item 8. Financial Statements and Supplementary Data		10
	Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure		21
	Item 9A. Controls and Procedures		21
		(a) Evaluation of Disclosure Controls and Procedures	21
		(b) Internal control over financial reporting	21
		Changes in Internal Controls	22
	ITEM 9A(T) - Controls and Procedures above		22
	Item 9B. Other Information		22

PART III			22
	Item 10. Directors and Executive Officers and Corporate Governance		22
		Identification of Directors and Executive Officers	22
		Background of Officers and Directors	22
		Significant Employees	23
		Involvement in Certain Legal Proceedings	23
		Family Relationships	23
		Audit Committee Financial Expert	23
		Compliance with Section 16(a) of the Securities Exchange Act of 1934	23
		Code of Ethics	23

	As of December 31, 2009
Deferred tax assets:	2,663
Net operating tax carryforwards	$ -0-
Other	-0-
Gross deferred tax assets	-0-
Valuation allowance	(2,663)
Net deferred tax assets	$ -0-

Name	Age	Position	Since
Harry Miller	76	President, CEO, CFO, Treasurer, Principal Accounting Officer, Secretary and Director	October 2, 2006

Name	Age	Position	Since

Harry Miller	77	President, CEO, CFO, Treasurer, Principal Accounting Officer, Secretary and Director	October 2, 2006

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compen- sation ($)	Nonqualified Deferred Compen-sation ($)	All Other Compen- sation ($)	Total ($)
Harry Miller President CEO, Treasurer, Secretary, Acting CFO and Director⁽¹⁾	2010	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
	2009	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
	2008	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil

			2009		2008
Name and Address of Beneficial Owner			Amount and Nature of Beneficial Ownership (1)	Percent of Class
Audit fees - auditing of our annual financial statements and preparation of auditors' report.			2,000		2,000
Harry Miller Bellevue, WA			5,000,000 (Restricted securities as defined in the Securities Act of 1933)	100%
Audit-related fees - review of each of the quarterly financial statements.			3,000		3,000
All officers and directors as a group (1 person).			5,000,000 (Restricted securities as defined in the Securities Act of 1933)	100%
Tax fees - preparation and filing of three major tax-related forms and tax planning.			250		250
	(1)	Unless otherwise indicated, the named party is believed to have sole investment and voting control of the shares set forth in the above table.
All other fees - other services provided by our principal accountants.			-		-
Total fees paid or accrued to our principal accountants			5,250		5,250
Notes:	(1)	This number is an estimate only.

Exhibit Number		Exhibit Title

31.a		Section 906 Certificate of CEO
31.b		Section 906 Certificate of CFO
32		Section 302 Certificate of CEO & CFO

Filing Compare · Preferential Equities Corp.