OTC Bulletin Board

S & P Company Insight for BLUE SPHERE CORP

Business Summary: Blue Sphere Corp., a development stage company, engages in the business of greenhouse gas emission reduction, and plans to generate revenue from emission reduction through sales of carbon credits, energy generation, project development and sale of byproducts.
  35 Asuta St., P.O.B. 857
  Even Yehuda 40500
  Phone: 972-9-8917438
  Website: http://www.bluespherecorporate.com
  Maddox Ungar Silberstein, PLLC
Transfer Agent
  Nevada Agency and Transfer Company
ShareHolders:  38
Founded:  2007
Domicile:  Nevada

Blue Sphere Corp., in the development stage as of Mar. 31, 2010, engages in the business of greenhouse gas (GHG) emission reduction, and plans to generate revenue from emission reduction through sales of carbon credits, energy generation, project development and sale of byproducts. The company seeks to capitalize on the growing and expanding carbon credit market. Blue Sphere offers potential partners (including owners of landfills, coal mines, fertilizer factories, etc.) what it calls a kind of turnkey operation in dealing with emission reduction. The company plans to operate primarily in countries from the former Soviet Union, China and the U.S. where Blue Sphere has identified specific opportunities. The company's focus has been initially on four projects and raising the funds necessary for the development of the four projects up to the stage where valuable and tradable assets are in possession. Development of other projects and marketing activities for the obtainment of new projects are intended to be carried out in parallel. The four projects include two landfills in Ukraine; a fertilizer manufacturing plant in Uzbekistan; and a fertilizer manufacturing plant in Kazakhstan. The company's aim is to manage the entire process of obtaining carbon credits, constructing the projects and managing them for its partners, while involving them in all key decisions. In becoming a fully integrated company in the carbon credit market, Blue Sphere will be responsible for the following activities: obtaining projects, including locating, evaluating, negotiating and executing contracts; executing the process of project registration in the country where the project is located and with the U.N., using outsourcing services from recognized companies in the field; implementing projects by outsourcing the most applicable technology of the current technologies available; and monitoring and supervising projects. On Apr. 28, 2010, the company commenced implementing its plan to enter the agricultural methane reduction business in the U.S. through its new subsidiary, Blue Sphere U.S.A. Inc.
History:  INCORPORATED in Nevada July 17, 2007, as Jin Jie Corp.; name changed to Blue Sphere Corp. Feb. 17, 2010.
Blue Sphere U.S.A. Inc.
Eastern Sphere, Ltd.


 Eliezer  WeinbergChairman
 Shlomo  PalasPresident, Secretary & Chief Executive Officer
 Alex  WerberTreasurer & Chief Financial Officer
 Shmuel  KeshetChief Operating Officer

 Shlomo  Palas
 Eliezer  Weinberg
 Annual Report

Annual Report
Income Statement
Accounting and legal1119
General & Administrative11
Fees & other oper. exps.612
Net income(18)(32)
Share earns. basic($0.01)($0.02)
Share earns. diluted($0.01)($0.02)
Avge. com. shs. (Thou.)1,8401,840
Balance Sheet
Cash & equiv.1223
Prepaid expenses14
Tot. curr. assets1327
Total assets1327
Accts. pay. & accruals73
Due to stockholder11
Tot. curr. liabs.84
Stockholders' Equity
Com. stk. p.$0.00122
Paid-in cap.6767
Retained earns.(64)(46)
Total liabs.1327
Common Shares (Thou.)1,9001,900
 Interim Report

Interim Report    10/01/2009  -  03/31/2009
Income Statement
General and administrative expenses925
Financial expenses (income), net1
Net income(926)
Share earns. basic($0.01)
Share earns. diluted($0.01)
Avge. com. shs.66,654
Balance Sheet
Cash & equiv.438
Other curr. assets4
Tot. curr. assets442
Total assets442
Accts. pay.39
Other payables47
Tot. curr. liabs.86
Stockholders Deficit
Com. stk. p.$0.00168
Paid-in cap.1,278
Retained earns.(990)
Total liabs.442
Common Shares (Thou.)67,500
 Pro Forma Report

Pro Forma Report   
Data Not Available
 Quarterly Report

Quarterly Report Information   
Quarterly Revenue
Data Not Available
Quarterly Net Income, US$
  2010   2Nil
  2009   Full Year (20,000)
  2008   Full Year (30,000)
  2007   Full Year (80,000)
Quarterly EPS, US$
  2010   1Nil
  2010   2(.01)
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   Full Year Nil
 Stock Data

Capitalization as of 03/31/2010:
 Authorized SharesOutstanding Shares
Common $0.001 par1,750,000,00067,500,000
Common $0.001 par
Stockholders:  12/29/2009, 38.
PRINCIPAL STOCKHOLDERS: March 3, 2010, Amir Rachmani owned or controlled 46.6% of the Common.
Transfer Agent:  Nevada Agency and Transfer Company   Reno , NV
OTC Bulletin Board( Primary): BLSP
DIVIDENDS: Common $0.001 par: No cash. Common split 35-for-1, ex-Feb. 18, 2010.