As filed with the Securities and Exchange Commission on April 25, 2013


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

Washington, D.C. 20549

 __________________________

FORM S-1

REGISTRATION STATEMENTUNDER THE SECURITIES ACT OF 1933

__________________________

BLUE FASHION CORP.
 (Exact

DRONE GUARDER, INC.

(Exact name of registrant as specified in its charter)

Nevada7363711439-2079422

(State or Other Jurisdictionother jurisdiction of

Incorporation

incorporation or Organization)

organization)

(Primary Standard Industrial

Classification Code Number)

(I.R.S. Employer

Identification No.)

 

86-90 Paul Street

London, England EC2A 4NE

415-835-9463

Spring Valley Solutions, LLC

4955 S. Durango Rd. Ste. 165.

Las Vegas, NV 89113

(702) 982-5686

(IRS Employer
Identification Number)
Address, including zip code, and telephone number, including area code, of principal executive offices)
(Name, address, including zip code, and telephone number, including area code, of agent for service)

Approximate date of commencement of proposed sale to the public:

From time to time after this registration statement becomes effective.


2780 So. Jones Blvd. #3752
Las Vegas, Nevada 89146
Telephone No.: (310) 213-1390
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)
__________________________
Business Fillings Incorporated
8040 Excelsior Drive
Suite 200.  Madison, WI 53717
Tel 800-981-7183 or 608-827-5300
(Address, including zip code, and telephone number, Including area code, of   agent for service)
___________________________

Copies To:
Thomas E. Puzzo, Esq.
Law Offices of Thomas E. Puzzo, PLLC
3823 44th Ave. NE
Seattle, Washington 98105
Telephone No.: (206) 522-2256
Facsimile No.: (206) 260-0111
Approximate date of commencement of proposed sale to the public: From time to time after this Registration Statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, please check the following box:   x


box. [X]

If this formForm is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ¨

offering. [ ]

If this formForm is a post-effective registration statementamendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ¨

offering. [ ]

If this formForm is a post-effective registration statementamendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ¨

offering. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large"large accelerated filer,” “accelerated filer”" "accelerated filer," "smaller reporting company" and “smaller reporting company”"emerging growth company" in Rule 12b-2 of the Exchange Act. (check one):

Act:

Large accelerated fileroAccelerated filero
Non-accelerated filero (Do not check if a smaller reporting company)Smaller reporting companyx
    (Do not check if a smaller reporting company)Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act.

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CALCULATION OF REGISTRATION FEE


Title of Each Class 
of Securities to be 
Registered
 
Amount of Shares to 
be  Registered
  
Proposed Maximum
Offering Price per
Share (1)
  
Proposed Maximum
Aggregate Offering
Price
  
Amount of
Registration Fee
 
Common Stock   9,000,000  $0.01  $90,000  $12.28 

(1) Pursuant to Rule 416 (b), this registration statement shall be deemed to cover the additional securities of the same class as the securities covered by this registration statement issued or issuable prior to completion of the distribution of the securities covered by this registration statement as a result of a split of, or a stock dividend on, the registered securities.

(2)   Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a) of the Securities Act.

Title of each class of

securities to be registered

 

Amount to be

Registered(1)

 

Proposed

Maximum

Offering Price

per Share(4)

 

Proposed

Maximum

Aggregate

Offering Price

 

Amount of

Registration Fee

Common Stock, par value $0.001 per share 42,500,000 (2) $0.06 $2,550,000 $317.47
Common Stock, par value $0.001 per share 42,500,000(3) $0.06 $2,550,000 $317.47
Total 85,000,000 $0.06 $5,100,000 $634.94

(1)Represents shares of our common stock being registered for resale that have been issued or will be issued to the sole selling stockholder named in this registration statement. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the shares being registered hereunder include such indeterminate number of shares of our Common Stock as may be issuable with respect to the shares being registered hereunder to prevent dilution by reason of any stock dividend, stock split, recapitalization or other similar transaction.
(2)Represents shares of common stock issuable upon conversion of 8% Convertible Promissory Notes by the selling stockholder named in this registration statement.
(3)Represents shares of common stock issuable upon conversion of 12% Convertible Promissory Notes by the selling stockholder named in this registration statement.

(4)Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) under the Securities Act based upon the closing price per share of our Common Stock as reported on the OTCQB, on March 20, 2018.

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THISTHE REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933, OR UNTIL THETHIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(A), MAY DETERMINE.

With copies to:

Scott Doney, Esq.

The Doney Law Firm

4955 S. Durango Rd. Ste 165

Las Vegas, NV 89113

Telephone: (702) 982-5686

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2

PROSPECTUS
SUBJECT TO COMPLETION, DATED ______, 2013
BLUE FASHION CORP.

9,000,000 SHARES OF COMMON STOCK

The information in this prospectus is not complete and may be changed. This prospectus is included in a registration statement that we filed with the initial offeringSecurities and Exchange Commission. The Selling Shareholders cannot sell these securities under this registration statement until this registration statement becomes effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Subject to Completion, dated March __, 2018

PROSPECTUS

DRONE GUARDER, INC.

85,000,000 Shares of Common Stock

This prospectus relates to the registration and resale of up to 85,000,000 shares of our common stock, of Blue Fashion Corp. and no public market currently exists for the securities being offered. A public market may never develop for the securities being offered, or, if a market develops, it may not be sustained.

We are offering for sale a total of 9,000,000 shares of common stock at a fixed price of $0.01par value $0.001 per share, in a direct public offering, without any involvement of underwriters or broker-dealers.by the selling stockholders EMA Financial, LLC and Auctus Fund, LLC (the “Selling Stockholders”). The shares of common stock offered under this prospectus by the Selling Stockholders are issuable, or may in the future become issuable, in connection with the conversion of convertible promissory notes sold to the Selling Stockholders pursuant to securities purchase agreements between the Selling Stockholders and us (the “Note Financings”).

We will pay all expenses of registering the shares of common stock. We will not receive any proceeds from the sale of the common stock by the Selling Stockholders.

Our common stock is currently listed on the OTC Markets OTCQB under the symbol “DRNG.” On March 14, 2018, the last reported sale price of our common stock as reported on the OTCQB was $0.06 per share.

The Selling Stockholders may sell the shares of common stock described in this prospectus in a number of different ways and at varying prices. We provide more information about how the Selling Stockholders may sell its respective shares of common stock in the section of this prospectus entitled “Plan of Distribution.”

The Selling Stockholder is an “underwriter” within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), in connection with the resale of the common stock offered pursuant to this prospectus.

This investment involves a high degree of risk. You should purchase shares of common stock only if you can afford a complete loss. See “Risk Factors” beginning on page 9 to read about factors you should consider before investing in shares of our common stock.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The date of this prospectus March __, 2018

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Table of Contents

ABOUT THIS PROSPECTUS5
ABOUT FORWARD-LOOKING STATEMENTS5
SUMMARY6
RISK FACTORS9
USE OF PROCEEDS17
DETERMINATION OF OFFERING PRICE18
SELLING STOCKHOLDER18
PLAN OF DISTRIBUTION19
LEGAL PROCEEDINGS20
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS21
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT23
DESCRIPTION OF SECURITIES24
INTERESTS OF NAMED EXPERTS AND COUNSEL25
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES25
DESCRIPTION OF BUSINESS26
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS29
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS31
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS32
EXECUTIVE COMPENSATION33
FINANCIAL STATEMENTS35
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS36
AVAILABLE INFORMATION36

Neither we nor the Selling Stockholders have authorized any person to give you any supplemental information or to make any representations for us. You should not rely upon any information about our company that is not contained in this prospectus. Information contained in this prospectus may become stale. You should not assume that the information contained in this prospectus or any prospectus supplement is accurate as of any date other than their respective dates, regardless of the time of delivery of this prospectus, any prospectus supplement or of any sale of the shares. Our business, financial condition, results of operations and prospects may have changed since those dates. The Selling Stockholders are offering to sell, and seeking offers to buy, shares of our common stock only in jurisdictions where offers and sales are permitted.


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ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement we filed with the Securities and Exchange Commission, or the SEC. Under this registration process, the Selling Stockholders may, from time to time, offer and sell up to 85,000,000 shares of our common stock, as described in this prospectus, in one or more offerings. This prospectus provides you with a general description of the securities the selling shareholders may offer. You should read this prospectus carefully before making an investment decision.

You may only rely on the information contained in this prospectus or that we have referred you to. We have not authorized anyone to provide you with additional or different information. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities other than the shares of our common stock offered by this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any common stock in any circumstances or any jurisdiction in which such offer or solicitation is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front cover of this prospectus regardless of the time of delivery of this prospectus or any sale of our common stock. The rules of the SEC may require us to update this prospectus in the future.

As used in this prospectus, unless the context requires otherwise, the terms “we”, “us”, “our”, or “the Company” refer to Drone Guarder, Inc. and its subsidiaries on a consolidated basis. References to “Selling Stockholders” refers to EMA Financial, LLC and its successors, assignees and permitted transferees.

ABOUT FORWARD-LOOKING STATEMENTS

Some of the statements in this prospectus are “forward-looking statements.” These forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be soldmaterially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the factors set forth above under “Risk Factors”. The words “believe,” “expect,” “anticipate,” “intend,” “plan,” and similar expressions identify forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We undertake no obligation to update and revise any forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements in this document to reflect any future developments.

Our businesses and operations are and will be subject to a variety of risks, uncertainties and other factors. Consequently, actual results and experience may materially differ from those contained in any forward-looking statements. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the risk factors set forth in the section entitled “Risk Factors” beginning on page 9 of this prospectus.

All written or oral forward-looking statements attributable to us or any person acting on our behalf made after the date of this prospectus are expressly qualified in their entirety by the risk factors and cautionary statements contained in and incorporated by reference into this prospectus. Unless legally required, we do not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date of this prospectus or to reflect the occurrence of unanticipated events.


5

SUMMARY

The following summary highlights selected information contained elsewhere in this prospectus and in the documents incorporated by reference in this prospectus and does not contain all the information you will need in making your investment decision. You should read carefully this entire prospectus and the documents incorporated by reference in this prospectus before making an investment decision, especially the information presented under the heading “Risk Factors.”

Business Summary

We are an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. The solution is app-based and includes a drone, infrared camera, and Android mobile app component: once an alarm has been triggered, the DroneGuarder™ will immediately take off from a wireless charging pad. The camera within the drone will record video for a few seconds, process it and then send an alert if a threat is found, which the DroneGuarder™ app sends in the form of a text, image or short recorded video if supported by the GSM network. The DroneGuarder™ can fly for up to 20 minutes, using GPS to navigate in its preprogrammed areas and return back to its charging pad after completing surveillance.

Once an alarm has been triggered the drone will instantly leave its charging pad and fly to the destination where the alarm was activated, or any other predefined destination programmed for the specific alarm. The infrared (IR) camera will recognize any human movement night or day, and stream it directly to the smartphone that is connected to the drone when the app is open and the user is on that screen, recording all activity. On this drone and all drones from DJI, simultaneous action is not possible. The video must end before the phone can do other things. This is because if the video goes into the background, the video will stop and the drone will immediately return. All homes or businesses are great candidates for the drone alarm system as it is compatible with standard surveillance cameras and movement detectors. Each sensors GPS position has been registered in the drone with a smartphone, so it knows exactly where to go.

The solution is expected to come as a packaged solution that can be tailored to fit the requirements of an individual security installation company and will be sold to U.S. based companies that provide security solutions for private homes, gated communities and construction sites. The solution is designed to be flexible enough to integrate into all existing security solutions that a gated community or private home might already have, as well incorporate add-ons with extra features if needed. The targeted markets include the USA, Canada, Europe, South Africa and the Asia-Pacific region.

Our primary revenue model is expected to consist of selling home security systems directly to the clients (e.g. homes, business, or security resellers). We plan to focus on our behalf by our President, without commission or other remuneration. The offering does not require that we sellselling to resellers, as it enables the Company to reach the widest customer base for the lowest cost. Our secondary business model is expected to be leasing home security systems for a minimum number of shares; therefore not allmonthly flat fee and pre-selling discounted first-versions of the product. We plan to develop our own software and acquire the hardware needed from a third party in an attempt to lower expenses.

We have recently decided to pursue an agreement with a Chinese company to develop our drone hardware. We expect this agreement to be completed in the coming weeks. This will delay our final prototype, but we have completed the AI portion of the system. In addition, our new App is expected to be launched in June 2018.

The App is a key component of our security solution with our proprietary functionality built into the App controlled by a customer’s iPhone or iPad. The performance includes “Patrol” where a customer clicks the Patrol button on the App and the drone autonomously patrols the entire grid of the customer’s property using pre-designated GEO Fencing GPS weigh points that stream a real-time video feed back to the phone or tablet via the App.

Our new App will have a function called “Go Home” where at any time a customer can call the drone back to its home wireless charging base, normally located on the roof of the home or business. Additionally, we have a live weather function on the App and other abilities that are all part of the Drone Guarder App platform.

6

Note Financings

EMA Financial, LLC

On January 17, 2018 we entered into a Securities Purchase Agreement (“ EMA SPA”) with EMA Financial, LLC, a Delaware limited liability company, pursuant to which we issued and sold to EMA a convertible promissory note, dated January 17, 2018 in the principal amount of $165,000 (the “EMA Note”). In connection with the foregoing, we also entered into a registration rights agreement with EMA dated January 17, 2018 (the “EMA Registration Rights Agreement”).

The EMA Note, which is due on January 17, 2019, bears interest at the rate of 12% per annum. All principal and accrued interest on the Note is convertible into shares mayof our common stock at the election of EMA at any time at a conversion price equal to the lesser of (i) the trading price for our common stock on the trading day prior to the closing date of the EMA Note, or (ii) a 50% discount to the lowest trading or lowest closing bid price for our common stock during the 25 trading day period immediately prior to conversion, whichever is lower.

We have the right to prepay the EMA Note within 90 days of the closing date at a premium of 135% of all amounts owed to EMA and at a premium of 150% if prepaid more than 90 but less than 180 days following the closing date. We have no right to prepay the Note more than 180 days after the closing date.

The EMA Note contains customary default events which, if triggered and not timely cured, will result in default interest and penalties. The EMA Note also contains a right of first refusal provision with respect to future financings by us. Pursuant to the EMA Registration Rights Agreement, we are required to register the shares into which the EMA Note is converted. We must file the registration statement within 10 days of the closing date and have it declared effective within 90 days of the closing date.

If the EMA Note is converted prior to us paying off such notes under the prepayment provisions, it would lead to substantial dilution to our shareholders as a result of the conversion discounted for the EMA Note. There can be sold. The amount raised may be minimal and there is no assurance that wethere will be ableany funds available to raise sufficient amount to cover our expenses and may not even cover the costspay of the offering. ShouldEMA Note, or if available, on terms that will be acceptable to us or our shareholders. If we be successfulfails to obtain such additional financing on a timely basis, EMA may convert the EMA Note and sell the underlying shares, which may result in selling all ofsignificant dilution to shareholders due to the shares offered, we will receive $90,000 in proceeds before expenses. Any funds receivedconversion discount, as well as a part of this offering will be immediately availablesignificant decrease in our stock price.

Auctus Fund, LLC

On January 22, 2018, we entered into a Securities Purchase Agreement (the “Auctus SPA”), under which we agreed to us for our use. We have not made any arrangements to place the proceeds from this offeringsell a 12% convertible promissory note in an escrow, trust or similar account.

aggregate principal amount of $165,000.00 (the “Auctus Note”) to Auctus Fund, LLC (“Auctus”). The shares are being offeredAuctus Note will bear interest at a fixed pricerate of $0.0112% per share for a period of one year (unless extended for up to an additional six months in the sole discretion of our board of directors) from the effective date of this prospectus.annum and will mature on October 22, 2018. The offering shall terminate on the earlier of (i) the date when the sale of all 9,000,000 shares is completed, (ii) when the Board of Directors decides that it is in the best interest of the Company to terminate the offering prior the completionnet proceeds of the sale of the Auctus Note, after deducting the expenses payable by us, were $149,000.00. In connection with the foregoing, we also entered into a registration rights agreement with Auctus dated January 22, 2018 (the “Auctus Registration Rights Agreement”).

At any time after the issue date of the Auctus Note, Auctus has the option to convert all 9,000,000or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of the Auctus Note into shares registeredof our common stock at the Conversion Price. The “Conversion Price” will be the lesser of (i) the lowest trading price of our common stock during the twenty-five-day trading period prior to the issue date of the Auctus Note and (ii) 50% of the lowest trading price or closing bid price of our common stock during the twenty-five-day trading period prior to the conversion. The Conversion Price is subject to further reduction upon certain events specified in the Auctus Note.

We have the right to prepay the Auctus Note at any time until the 180th calendar day after the issue date of the Auctus Note, in an amount equal to 150% (or 135% if we prepay the Auctus Note on or before the date that is 90 days after the issue date of the Auctus Note) of the outstanding balance of the Auctus Note (including principal and accrued and unpaid interest). We may not prepay the Auctus Note after the 180th calendar day after the issue date of the Auctus Note. We will be subject to a liquidated damages charge of 25% of the outstanding principal amount of the Auctus Note if we effect certain exchange transactions in accordance with, based upon or related or pursuant to Section 3(a)(10) of the Securities Act.

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The Auctus Note contains customary default events which, if triggered and not timely cured, will result in default interest and penalties. The Auctus Note also contains a right of first refusal provision with respect to future financings by us. Pursuant to the Auctus Registration Rights Agreement, we are required to register the shares into which the Auctus Note is convertible into. We must file the registration statement within 10 days of the closing date and have it declared effective within 90 days of the closing date.

If the Auctus Note is converted prior to us paying off such notes under the Registration Statementprepayment provisions, it would lead to substantial dilution to our shareholders as a result of the conversion discounted for the Auctus Note. There can be no assurance that there will be any funds available to pay of the Auctus Note, or if available, on terms that will be acceptable to us or our shareholders. If we fails to obtain such additional financing on a timely basis, Auctus may convert the Auctus Note and sell the underlying shares, which may result in significant dilution to shareholders due to the conversion discount, as well as a significant decrease in our stock price.

The Offering

Common Stock Offered by the Selling ShareholdersUp to 85,000,000 shares of common stock.

Selling StockholdersEMA Financial, LLC and Auctus Fund, LLC See “Selling Stockholders.”

Common stock outstanding132,900,000 common shares as of March 13, 2018.

Use of proceedsWe will not receive any proceeds from the sale or other disposition of the shares of common stock covered by this prospectus. See “Use of Proceeds”

OTCQB SymbolOur Common Stock is quoted on the OTCQB under the ticker symbol “DRNG”.

Risk FactorsYou should consider the matters set forth under “Risk Factors” beginning on page 9, as well as other cautionary statements throughout or incorporated by reference in this prospectus, before deciding to invest in shares of our common stock.

Summary Financial Information

Balance Sheet Data January 31, 2017 January 31, 2016 October 31, 2017
Cash $2,726  $5,976  $117,787
Total Assets $2,944  $6,402  $146,999
Liabilities $105,763  $61,314  $329,284
Total Stockholders’ Deficit $(102,819) $(54,912) $(182,285)

Statement of Operations Year Ended January 31, 2017 Year Ended January 31, 2016 

 

Three Months Ended October 31, 2017

 

 

Nine Months Ended October 31, 2017

Revenue $—    $—    $—    $—  
Income (Loss) for the Period $(47,907) $(92,535) $11,634  $(79,466)

8

RISK FACTORS

Readers and prospective investors in our common stock should carefully consider the following risk factors as well as the other information contained or incorporated by reference in this Prospectusprospectus.

If any of the following risks actually occurs, our financial condition, results of operations and liquidity could be materially adversely affected. If this were to happen, the value of our common stock could decline, and if you invest in our common stock, you could lose all or part of your investment.

The discussion below highlights some important risks we have identified related to our business and operations and an investment in shares of our common stock, but these should not be assumed to be the only factors that could affect our future performance and condition, financial and otherwise. We do not have a policy of updating or revising forward-looking statements except as otherwise required by law, and silence by management over time should not be construed to mean that actual events are occurring as estimated in such forward-looking statements.

Risks Relating to Our Financial Position, Our Need for Additional Capital and Our Business

We have not generated any significant third party external revenue to date, and we anticipate that we will incur losses for the foreseeable future.

We may not generate the cash that is part or (iii) one year after the effective date of this prospectus, unless extended for upnecessary to an additional six monthsfinance our operations in the soleforeseeable future. We have not generated any significant third party external revenues to date. We expect to continue to incur substantial losses for the foreseeable future as we complete development of our product prototype and website.

We will require additional capital to fund our operations, and if we are unable to obtain such capital, we will be unable to successfully develop and commercialize our drone enhanced home security system.

We anticipate that we will require additional capital in the future in order to continue the research and development of our drone security system. Our future capital requirements will depend on many factors that are currently unknown to us, including, without limitation: the timing of progress, results and costs of our product development; the costs of product manufacturing and of establishing commercial manufacturing arrangements; the costs of preparing, filing, and prosecuting patent applications and maintaining, enforcing, and defending intellectual property-related claims; our ability to establish research collaborations, strategic collaborations, licensing or other arrangements; the costs to satisfy our obligations under potential future collaborations; and the timing, receipt, and amount of revenues or royalties, if any, from any approved products.

We have based our expectations relating to liquidity and capital resources on assumptions that may prove to be wrong, and we could use our available capital resources sooner than we currently expect. Because of the numerous risks and uncertainties associated with the development and commercialization of our products, we are unable to estimate the amounts of increased capital outlays and operating expenses associated with completing the development of our current products.

In order to develop and obtain regulatory approval for our products we will need to raise substantial additional funds. We expect to raise any such additional funds through public or private equity or debt financings, collaborative agreements with corporate partners or other arrangements. Additional funds may not be available when we need them on terms that are acceptable to us, or at all. General market conditions may make it very difficult for us to seek financing from the capital markets. If we raise additional funds by issuing equity securities, substantial dilution to existing shareholders would result. If we raise additional funds by incurring debt financing, the terms of the debt may involve significant cash payment obligations as well as covenants and specific financial ratios that may restrict our ability to operate our business. We may be required to relinquish rights to our technologies or drones or grant licenses on terms that are not favorable to us in order to raise additional funds through strategic alliances, joint ventures or licensing arrangements.

9

If adequate funds are not available on a timely basis, we may be required to: terminate or delay testing or other development for our products; delay arrangements for activities that may be necessary to commercialize our products; or cease operations.

In addition, if we do not meet our payment obligations to third parties as they come due, we may be subject to litigation claims. Even if we are successful in defending against these claims, litigation could result in substantial costs and distract management, and may have unfavourable results that could further adversely impact our financial condition.

Risks Related to the Development and Regulatory Approval of Products

Our success largely depends on the success of our drone prototype development, which is at an early stage.

The success of our business depends substantially upon our ability to develop, obtain regulatory approval for and commercialize our drones successfully. Our research and development programs are prone to the significant and likely risks of failure inherent in product development. We intend to continue to invest most of our time and financial resources in our research and development programs.

Before obtaining regulatory approvals for the commercial sale of any drone product for a target indication, we must demonstrate with substantial evidence gathered in well-controlled product trials, and, with respect to approval in the United States, to the satisfaction of the Federal Aviation Administration, or FAA, or, with respect to approval in other countries, similar regulatory authorities in those countries, that the product is safe and effective for use for that target indication. Satisfaction of these and other regulatory requirements is costly, time consuming, uncertain, and subject to unanticipated delays. Despite our efforts, our products may not: offer improvement over existing, comparable products; be proven safe and effective in product trials; or meet applicable regulatory standards.

Furthermore, we have not marketed, distributed or sold any products. Our success will, in addition to the factors discussed above, depend on the successful commercialization of our products, which may require: obtaining and maintain commercial manufacturing arrangements with third-party manufacturers; or collaborating with security companies or contract sales organizations to market and sell any approved product.

Many of these factors are beyond our control. We do not expect any of our products to be commercially available for several months. Accordingly, we do not anticipate generating revenues from the sale of products in the near- or medium-term.

If trials of our products are prolonged, delayed, suspended or terminated, we may be unable to commercialize our products on a timely basis, which would require us to incur additional costs and delay our receipt of any revenue from potential product sales.

We cannot predict whether we will encounter problems with our product trials or any future trials that will cause us or any regulatory authority to delay or suspend those trials or delay the analysis of data derived from them. A number of events, including any of the following, could delay the completion of our planned product trials and negatively impact our ability to obtain regulatory approval for, and to market and sell, a particular product: conditions imposed us on us by the Federal Aviation Authority (FAA) or any foreign regulatory authority regarding the scope or design of our product trials; delays in obtaining, or our inability to obtain, required approvals from institutional review boards, or IRBs, or other reviewing entities at clinical sites selected for participation in our clinical trials; insufficient supply or deficient quality of our products or other materials necessary to conduct our trials; failure of our third-party contractors to meet their contractual obligations to us in a timely manner.

The regulatory approval processes of the FAA and comparable foreign authorities are lengthy, time consuming and inherently unpredictable, and if we are ultimately unable to obtain regulatory approval for our products, our business will be substantially harmed.

The time required to obtain approval by the FAA and comparable foreign authorities is inherently unpredictable and depends upon numerous factors, including the substantial discretion of the regulatory authorities. In addition, approval policies, regulations, or the type and amount of research data necessary to gain approval may change during the course of a product’s development and may vary among jurisdictions. We have not obtained regulatory approval for any products and it is possible that none of our boardexisting products or any products we may seek to develop in the future will ever obtain regulatory approval.

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Our products could fail to receive regulatory approval for many reasons, including the following: the FAA or comparable foreign regulatory authorities may disagree with the design or implementation of directors.our product trials; we may be unable to demonstrate to the satisfaction of the FAA or comparable foreign regulatory authorities that a product is safe and effective for its proposed indication; we may be unable to demonstrate that a product’s security and other benefits outweigh its safety risks; the FAA or comparable foreign regulatory authorities may disagree with our interpretation of data from studies or trials; the FAA or comparable foreign regulatory authorities may fail to approve the manufacturing processes or facilities of third-party manufacturers with which we contract for commercial supplies; or the approval policies or regulations of the FAA or comparable foreign regulatory authorities may significantly change in a manner rendering our research data insufficient for approval.

Even if our products receive regulatory approval in the United States, we may never receive approval or commercialize our products outside of the United States.

In order to market any products outside of the United States, we must establish and comply with numerous and varying regulatory requirements of other countries regarding safety and efficacy. Approval procedures vary among countries and can involve additional product testing and additional administrative review periods. The time required to obtain approval in other countries might differ from that required to obtain FAA approval. The regulatory approval process in other countries may include all of the risks detailed above regarding FAA approval in the United States as well as other risks. Regulatory approval in one country does not ensure regulatory approval in another, but a failure or delay in obtaining regulatory approval in one country may have a negative effect on the regulatory process in others. Failure to obtain regulatory approval in other countries or any delay or setback in obtaining such approval would impair our ability to develop foreign markets for our products.

Both before and after marketing approval, our drones are subject to ongoing regulatory requirements and continued regulatory review, and if we fail to comply with these continuing requirements, we could be subject to a variety of sanctions and the sale of any approved products could be suspended.

Any regulatory approvals that we receive for our drones may also be subject to limitations on the approved indicated uses for which the product may be marketed or to the conditions of approval, or contain requirements for potentially costly post-marketing testing, including product trials, and surveillance to monitor the safety and efficacy of the product. Later discovery of previously unknown problems with a product, including adverse events of unanticipated severity or frequency, or with our third-party manufacturers or manufacturing processes, or failure to comply with the regulatory requirements of the FAA and other applicable U.S. and foreign regulatory authorities could subject us to administrative or judicially imposed sanctions, including: restrictions on the marketing of our products or their manufacturing processes; warning letters; civil or criminal penalties; fines; injunctions; product seizures or detentions; import or export bans; voluntary or mandatory product recalls and related publicity requirements; suspension or withdrawal of regulatory approvals; total or partial suspension of production; and refusal to approve pending applications for marketing approval of new products or supplements to approved applications.

The FAA’s policies may change and additional government regulations may be enacted that could prevent, limit or delay regulatory approval of our drones. If we are slow or unable to adapt to changes in existing requirements or the adoption of new requirements or policies, or if we are not able to maintain regulatory compliance, we may lose any marketing approval that we may have obtained, which would adversely affect our business, prospects and ability to achieve or sustain profitability.

Risks Related to the Commercialization of Our Drones

Even if any of our drones receive regulatory approval, if such approved product does not achieve broad market acceptance, the revenues that we generate from sales of the product will be limited.

Even if any product we may develop or acquire in the future obtain regulatory approval, they may not gain broad market acceptance among security and surveillance companies and users. Consequently, even if we discover, develop and commercialize a product, the product may fail to achieve broad market acceptance and we may not be able to generate significant revenue from the product.

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If we are unable to establish sales and marketing capabilities or enter into agreements with third parties to market and sell an approved product, we may be unable to generate product revenue.

We do not currently have an organization for the sales, marketing and distribution of our products. In order to market any products that may be approved by the FAA, we must build our sales, marketing, managerial and other non-technical capabilities or make arrangements with third parties to perform these services. If we are unable to establish adequate sales, marketing and distribution capabilities, whether independently or with third parties, we may not be able to generate product revenue and may not become profitable.

The markets for our products are subject to intense competition. If we are unable to compete effectively, our products may be rendered noncompetitive or obsolete.

We will face competition with respect to all products we may develop or commercialize in the future from security and surveillance companies worldwide. The key factors affecting the success of any approved product will be its indication, label, efficacy, safety profile, method of administration, pricing, and level of promotional activity relative to those of competing drones.

Furthermore, many large security and surveillance companies, academic institutions, governmental agencies and other public and private research organizations are pursuing the development of novel drones that target the same indications we are targeting with our research and development program. We face, and expect to continue to face, intense and increasing competition as new products enter the market and advanced technologies become available.

If a successful product liability claim or series of claims is brought against us for uninsured liabilities or in excess of insured liabilities, we could incur substantial liability.

The use of our products in product trials and the sale of any products for which we obtain marketing approval will expose us to the risk of product liability claims. Product liability claims might be brought against us by consumers, security and surveillance providers or others selling or otherwise coming into contact with our products. If we cannot successfully defend ourselves against product liability claims, we could incur substantial liabilities. In addition, regardless of merit or eventual outcome, product liability claims may result in: decreased demand for any approved products; impairment of our business reputation; costs of related litigation; distraction of management’s attention; substantial monetary awards to patients or other claimants; loss of revenues; and the inability to successfully commercialize any approved products.

If our customers’ security systems are breached by cyber hackers, we could lose consumer trust and incur substantial liability.

Our drone enhanced security systems may be vulnerable to security breaches from cyber hackers, which may expose us to risk of liability claims as well as result in: decreased demand for our products; impairment of our business reputation; costs of related litigation; distraction of management’s attention; substantial monetary awards to patients or other claimants; loss of revenues; and the inability to successfully commercialize any approved products.

Our customers must obtain approval from local U.S. police in order to fly our drones; failure to do so could damage the reputation of the Company.

In order to fly drones over a certain area in the U.S., consumers must contact their local police department and obtain approval to do so. If the user fails to do this and is consequently reprimanded, it may damage the Company’s reputation and a decline in demand for our products; loss of revenues; distraction of management’s attention; and the inability to successfully commercialize our products.

Risks Related to Our Dependence on Third Parties

We have no manufacturing capacity and depend on a third-party manufacturer to produce our products.

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We do not currently operate manufacturing facilities for production of any of our drones. We have no experience in drone manufacturing, and we lack the resources and the capabilities to manufacture any of our drones on a commercial scale. As a result, we rely on a single third-party manufacturer to supply, store, and distribute supply of our products, and plan to continue to do so for the foreseeable future.

Our drones require precise, high quality manufacturing. Failure by our contract manufacturer to achieve and maintain high manufacturing standards could result in patient injury or death, product recalls or withdrawals, delays or failures in testing or delivery, cost overruns, or other problems that could seriously hurt our business. Contract manufacturers may encounter difficulties involving production yields, quality control, and quality assurance. These manufacturers are subject to ongoing periodic and unannounced inspections by the FAA and corresponding state and foreign agencies to ensure strict compliance with all applicable government regulations and corresponding foreign standards; however, we do not have control over third-party manufacturers’ compliance with these regulations and standards.

We anticipate continued reliance on third-party manufacturers if we are successful in obtaining marketing approval from the FAA and other regulatory agencies for any of our products, and our commercialization of any of our products may be halted, delayed or made less profitable if those third parties fail to obtain such approvals, fail to provide us with sufficient quantities of product or fail to do so at acceptable quality levels or prices.

If the FAA or other regulatory agencies approve any of our products for commercial sale, we expect that we would continue to rely, at least initially, on third-party manufacturers to produce commercial quantities of approved products. These manufacturers may not be able to successfully increase the manufacturing capacity for any approved products in a timely or economic manner, or at all. Significant scale-up of manufacturing may require additional validation studies, which the FAA must review and approve.

We depend on third-party suppliers for key raw materials used in our manufacturing processes, and the loss of these third-party suppliers or their inability to supply us with adequate raw materials could harm our business.

We rely on third-party suppliers for the raw materials required for the production of our drones. Our dependence on these third-party suppliers and the challenges we may face in obtaining adequate supplies of raw materials involve several risks, including limited control over pricing, availability, quality and delivery schedules. We cannot be certain that our suppliers will continue to provide us with the quantities of these raw materials that we require or satisfy our anticipated specifications and quality requirements. Any supply interruption in limited or sole sourced raw materials could materially harm our ability to manufacture our products until a new source of supply, if any, could be identified and qualified. Although we believe there are currently several other suppliers of these raw materials, we may be unable to find a sufficient alternative supply channel in a reasonable time or on commercially reasonable terms.

Risks Related to Our Intellectual Property

If we are unable to adequately protect or enforce the intellectual property relating to our products, our ability to successfully commercialize our products will be harmed.

Our success depends in part on our ability to protect our products from unauthorized or infringing use by third parties both in the United States and in other countries. Due to evolving legal standards relating to the patentability, validity and enforceability of patents, rights under any issued patents on existing technological features of our drones may not provide us with sufficient protection for our products or provide sufficient protection to afford us a commercial advantage against competitive products or processes.

In the event that a third party has also filed a U.S. patent application relating to our products or a similar invention, we may have to participate in interference or derivation proceedings declared by the USPTO to determine priority of invention in the United States. The costs of these proceedings could be substantial and it is possible that our efforts would be unsuccessful, resulting in a loss of our U.S. patent position. Furthermore, we may not have identified all U.S. and foreign patents or published applications that affect our business either by blocking our ability to commercialize our drones or by covering similar technologies.

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We may be subject to a third-party pre-issuance submission of prior art to the U.S. Patent and Trademark Office, or become involved in opposition, derivation, reexamination, inter partes review, post-grant review, or other patent office proceedings or litigation, in the United States or elsewhere, challenging our patent rights or the patent rights of others. An adverse determination in any such submission, proceeding or litigation could reduce the scope of, or invalidate, our patent rights, allow third parties to commercialize our technology or products and compete directly with us, without payment to us, or result in our inability to manufacture or commercialize products without infringing third party patent rights.

We may not be able to protect our intellectual property rights throughout the world.

The laws of some foreign jurisdictions do not protect intellectual property rights to the same extent as in the United States and many companies have encountered significant difficulties in protecting and defending such rights in foreign jurisdictions. If we encounter such difficulties in protecting or are otherwise precluded from effectively protecting our intellectual property rights in foreign jurisdictions, our business prospects could be substantially harmed.

Litigation regarding patents, patent applications and other proprietary rights may be expensive and time consuming. If we are involved in such litigation, it could cause delays in bringing products to market and harm our ability to operate.

Our success will depend in part on our ability to operate without infringing the proprietary rights of third parties. Other parties may hold or obtain patents in the future and allege that the use of our technologies infringes these patent claims or that we are employing their proprietary technology without authorization.

In addition, third parties may challenge or infringe upon our existing or future patents. Proceedings involving our patents or patent applications or those of others could result in adverse decisions regarding: the patentability of our inventions relating to our products; and/or the enforceability, validity or scope of protection offered by patents relating to our products.

Even if we are successful in these proceedings, we may incur substantial costs and divert management time and attention in pursuing these proceedings, which could have a material adverse effect on us. If we are unable to avoid infringing the patent rights of others, we may be required to seek a license, defend an infringement action or challenge the validity of the patents in court. Patent litigation is costly and time consuming. We may not have sufficient resources to bring these actions to a successful conclusion. In addition, if we do not obtain a license, develop or obtain non-infringing technology, fail to defend an infringement action successfully or have infringed patents declared invalid, we may: incur substantial monetary damages; encounter significant delays in bringing our products to market; and/or be precluded from participating in the manufacture, use or sale of our products.

If our trademarks and trade names are not adequately protected, then we may not be able to build name recognition in our markets of interest and our business may be adversely affected.

Our registered or unregistered trademarks or trade names may be challenged, infringed, circumvented or declared generic or determined to be infringing on other marks. We may not be able to protect our rights to these trademarks and trade names, which we need to build name recognition by potential partners or customers in our markets of interest. Over the long term, if we are unable to establish name recognition based on our trademarks and trade names, then we may not be able to compete effectively and our business may be adversely affected.

We may be unable to adequately prevent disclosure of trade secrets and other proprietary information.

We rely on trade secrets to protect our proprietary technologies, especially where we do not believe patent protection is appropriate or obtainable; however, trade secrets are difficult to protect. We rely in part on confidentiality agreements with our employees, consultants, outside scientific collaborators, sponsored researchers, and other advisors to protect our trade secrets and other proprietary information. These agreements may not effectively prevent disclosure of confidential information and may not provide an adequate remedy in the event of unauthorized disclosure of confidential information. In addition, others may independently discover our trade secrets and proprietary information. Costly and time consuming litigation could be necessary to enforce and determine the scope of our proprietary rights, and failure to obtain or maintain trade secret protection could adversely affect our competitive business position.

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If we are unable to maintain effective internal controls, our business, financial position and results of operations could be adversely affected.

We are subject to the reporting and other obligations under the Securities Exchange Act of 1934, as amended, or the Exchange Act, including the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, which require annual management assessments of the effectiveness of our internal control over financial reporting. However, our auditors will not be required to formally attest to the effectiveness of our internal control over financial reporting pursuant to Section 404 until we are no longer an “emerging growth company” as defined in the Jumpstart Our Business Startups Act, (“or the JOBS Act”).

There has been no marketAct, if we continue to take advantage of the exemptions available to us through the JOBS Act.

The rules governing the standards that must be met for management to assess our securitiesinternal control over financial reporting are complex and a public marketrequire significant documentation, testing and possible remediation to meet the detailed standards under the rules. During the course of its testing, our management may never develop,identify material weaknesses or if any market does develop, itdeficiencies which may not be sustained. remedied in time to meet the deadline imposed by the Sarbanes-Oxley Act of 2002. These reporting and other obligations place significant demands on our management and administrative and operational resources, including accounting resources.

Our common stockmanagement is not traded on any exchange or on the over-the-counter market. After the effective date of the registration statement relating to this prospectus, we hope to haveresponsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a market maker file an application with the Financial Industry Regulatory Authority (“FINRA”) for our common stock to be eligible for trading on the Over-the-Counter Bulletin Board. We do not yet have a market maker who has agreed to file such application. There can be no assurance that our common stock will ever be quoted on a stock exchange or a quotation service or that any market for our stock will develop.

Any funds received as a part of this offering will be immediately deposited into the company’s bank account and be available for our use. We have not made any arrangements to place funds in an escrow, trust or similar account for general business purposes as well as to continue our business and operations. If we fail to raise enough capital to commence operations investors may lose their entire investment and will not be entitled to a refund.
NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE WILL NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE U.S. SECURITIES COMMISSION HAS BEEN CLEARED OF COMMENTS AND IS DECLARED EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OF SALE IS NOT PERMITTED.

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The date of this prospectus is ____, 2013
TABLE OF CONTENTS
PROSPECTUS SUMMARY5
RISK FACTORS6
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS9
USE OF PROCEEDS14
DETERMINATION OF OFFERING PRICE14
DILUTION14
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
15
DESCRIPTION OF BUSINESS22
EMPLOYEES AND EMPLOYMENT
24
FACILITIES24
LEGAL PROCEEDINGS25
DIRECTORS, EXECUTIVE OFFICERS, PROMOTER AND CONTROL PERSONS25
EXECUTIVE COMPENSATION26
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS27
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT27
PLAN OF DISTRIBUTION28
DESCRIPTION OF SECURITIES29
DIDISCLOSURE OF COMMISSION POSITION INDEMNIFICATION  FOR SECURITIES ACT LIABILITIES29
INTERESTS OF NAMED EXPERTS AND COUNSEL29
EXPERTS30
AVAILABLE INFORMATION30
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE30
INDEX TO THE FINANCIAL STATEMENTSF-1
Please read this prospectus carefully. It describes our business, our financial condition and results of operations. We have prepared this prospectus so that you will have the information necessary to make an informed investment decision.
WE HAVE NOT AUTHORIZED ANY DEALER, SALESPERSON OR OTHER PERSON TO GIVE ANY INFORMATION OR REPRESENT ANYTHING NOT CONTAINED IN THIS PROSPECTUS. YOU SHOULD NOT RELY ON ANY UNAUTHORIZED INFORMATION. THIS PROSPECTUS IS NOT AN OFFER TO SELL OR BUY ANY SHARES IN ANY STATE OR OTHER JURISDICTION IN WHICH IT IS UNLAWFUL. THE INFORMATION IN THIS PROSPECTUS IS CURRENT AS OF THE DATE ON THE COVER. YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS PROSPECTUS.

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PROSPECTUS SUMMARY
AS USED IN THIS PROSPECTUS, UNLESS THE CONTEXT OTHERWISE REQUIRES, “WE,” “US,” “OUR,” AND “BLUE FASHION CORP.” REFERS TO BLUE FASHION CORP. THE FOLLOWING SUMMARY IS NOT COMPLETE AND DOES NOT CONTAIN ALL OF THE INFORMATION THAT MAY BE IMPORTANT TO YOU. YOU SHOULD READ THE ENTIRE PROSPECTUS BEFORE MAKING AN INVESTMENT DECISION TO PURCHASE OUR COMMON STOCK.
BLUE FASHION CORP.
Blue Fashion Corp. was incorporated in Nevada on May 14, 2012.We are a development stage corporation.
Our business intention isprocess designed to provide modelsreasonable assurance regarding the reliability of financial reporting and the preparation of Financial Statements for fashion shows, television commercials, movies and magazines.
Being a development stage company, we have no revenues and have limited operating history. Our principal address is: 2780 So. Jones Blvd. #3752 Las Vegas, Nevada 89146.
Our phone number is (310) 213-1390
We intend to use the net proceeds from this offering to develop our business operations (See “Description of Business” and “Use of Proceeds”).
Our revenue is earned by charging a fee to our clients who will want to hire our models for various photo shoots, catwalk shows, TV and film appearances and similar modeling events.
We plan to be a company that will be an exclusive agent for a select group of models worldwide, concentrating initially on a Balkan market, serving especially Serbia and Bosnia and Herzegovina, and then eventually North American region and cities of New York and Miami. We have developed our business plan, and entered into a contract agreementexternal purposes in accordance with our first model Nina Vorkapic, agreement dated January 21, 2013.
We also plan to realize value from our business by holding a fashion courses where prospective models will pay to learn modeling, also they will learn make up artistry and go through a fitness training program with a professional instructor. We do not anticipate earning revenues until we enter into commercial operations. Since we are presentlyaccounting principles generally accepted in the development stage of our business, we can provide no assurance that we will successfully prepare and produce services or products relatedUnited States. Any failure to our planned activities.
As of the date of this prospectus, there is no public trading market for our common stock and no assurance that a trading market for our securities will ever develop.
From inception until the date of this filing, we have had limited operating activities. Our financial statements from inception (May 14, 2012) through the year ended January 31, 2013, reports no revenues and a net loss of $727.

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THE OFFERING

The Issuer:BLUE FASHION CORP.
Securities Being Offered:9,000,000 shares of common stock
Price Per Share:$0.01
Duration of the Offering:The offering shall terminate on the earlier of when the sale of all 9,000,000 common shares is complete  or one year from the date of this prospectus; or
Net Proceeds$90,000
Securities Issued and Outstanding:There are 5,000,000 shares of common stock issued and outstanding as of the date of this prospectus, held solely by our President Bojana Banjac
Registration CostsWe estimate our total offering registration costs to be approximately $10,000
Risk FactorsSee “Risk Factors” and the other information in this prospectus for a discussion of the factors you should consider before deciding to invest in shares of our common stock.
SUMMARY FINANCIAL INFORMATION
The tables and information below are derived from our audited financial statements for the period from  May 14, 2012(Inception) to January 31, 2013.
Financial SummaryJanuary 31, 2013 ($)
Cash and Deposits9,846
Total Assets10,896
Total Liabilities6,623
Total Stockholder’s Equity4,273

Statement of Operations
Accumulated From 
May 14, 2012
(Inception) to 
January 31, 2013
($)
Total Expenses727
Net Loss for the Period(727)
Net Loss per Share-
RISK FACTORS
In addition to the other information in this prospectus Blue Fashion Corp. has identified a number of risk factors that the Company faces. You should carefully consider the risks described below and the other information in this prospectus and our financial statements and related notes before investing in our common stock. Investors should be aware of the existence of these factors and should consider them carefully in evaluating our business before purchasing the shares offered in this prospectus.
An investment in our common stock involves a high degree of risk. The trading price of our common stock, when and if we trade at a later date, could decline due to any of these risks, and you may lose all or part of your investment.
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RISKS ASSOCIATED TO OUR BUSINESS
OUR SHORT OPERATING HISTORY MAKES OUR BUSINESS DIFFICULT TO EVALUATE

We are a development stage company, with no significant history of operations. We were incorporated on May 14, 2012, and we are a startup company with very little operating history. Our business is in the early stage of development and we have not generated any revenues to date. Significant additional development and marketing of our business is necessary prior to our achieving revenues or profitability.
Accordingly, we have a limited operating history upon which to base an evaluation of our business and prospects. We may not successfully implement all or any of our business strategies or successfully address the risks and uncertainties that we encounter. These potential uncertainties include, but are not limited to, unanticipated problems relating to the ability to generate sufficient cash flow to operate our business, and additional costs and expenses that may exceed current estimates. Prior to having an inventory of products to sell, we anticipate that we will incur increased operating expenses without realizing any revenues. We expect to incur significant losses into the foreseeable future. We recognize that if the effectiveness of our business plan is not forthcoming, we will not be able to continue business operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful, and it is doubtful that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail.

WE ARE SOLELY DEPENDENT UPON THE FUNDS TO BE RAISED IN THIS OFFERING TO START OUR BUSINESS, THE PROCEEDS OF WHICH MAY BE INSUFFICIENT TO ACHIEVE REVENUES. WE MAY NEED TO OBTAIN ADDITIONAL FINANCING WHICH MAY NOT BE AVAILABLE.

We will require additional financing in order to establish profitable operations such financing may not be forthcoming.  Even if additional financing is available, it may not be available on terms we find favorable. Failure to secure needed additional financing will have a very serious effect on our ability to develop operations or maintain our business.

IF WE DO NOT ATTRACT CUSTOMERS, WE WILL NOT MAKE A PROFIT, WHICH WILL ULTIMATELY RESULT IN A CESSATION OF OPERATIONS.

We currently have no customers to purchase any services from us.  We have not identified any customers and we cannot guarantee we ever will have any customers.  Even if we obtain customers, there is no guarantee that we will generate a profit.  If we cannot generate a profit, we will have to suspend or cease operations.  Entire investment into this company is likely to be lost if we cannot provide services goods, etc., at prices which generate profit.

FAILURE OF THIRD PARTIES, THAT ARE  RELATED TO OUR BUSINESS, TO PROVIDE RELIABLE SERVICES OR PROVIDE QUALITY PRODUCT IN A TIMELY MANNER COULD CAUSE DELAYS IN THE DELIVERY OF OUR SERVICES AND COMPLETION OF OUR PROJECTS, WHICH COULD DAMAGE OUR REPUTATION, HAVE A NEGATIVE IMPACT ON OUR RELATIONSHIPS WITH OUR CUSTOMERS AND ADVERSELY AFFECT OUR GROWTH.

Our success depends on our ability to provide services and complete projects in a timely manner, which in part could depend on the ability of third parties to provide us with timely and reliable services and products. In providing our services and completing projects, we rely on products that meet our needs and specifications.
The warranties provided by our possible third-party suppliers typically limit any direct harm we might experience as a result of us relying on their products and services. However, there can be no assurance that a supplier will be willing or able to fulfill its contractual obligations and make necessary repairs or replace equipment that we may use. In addition, these warranties generally expire within one to five years or may be of limited scope or provide limited remedies. If we are unable to avail ourselves of warranty protection, we may incur liability to our clients or additional costs related to the affected services or products, including costs and expenses to resolve the problem, whicheffective internal controls could have a materialan adverse effect on our business, financial conditionposition and operating results.
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Moreover, any delays, malfunctions, inefficiencies or interruptions in these products or services — even if covered by warranties — could adversely affect the quality and performanceresults of our work. This could cause us to experience difficulty retaining current clients and attracting new customers, and could harm our business, reputation and growth. In addition, any significant interruption or delay by our suppliers in delivery of services or products on which we depend could require us to expend considerable time, effort and expense to establish alternate sources for such products and services.
WE ARE EXPOSED TO THE CREDIT RISK OF SOME OF OUR FUTURE CUSTOMERS.
Our revenue will be dependent to a large extent on the creditworthiness of our future customers. During periods of economic downturn in the global economy, our exposure to credit risks from our customers increase, and our efforts to monitor and mitigate the associated risks may not be effective in reducing our credit risks. In the event of non-payment by one or more of our customers, our business, financial condition and operating results could be adversely affected.
THE NATURE OF OUR BUSINESS EXPOSES US TO POTENTIAL LIABILITY CLAIMS AND CONTRACT DISPUTES WHICH MAY REDUCE OUR PROFITS.
Although we have not been party to any legal claims against us, we may in future be namedoperations.

For as a defendant in legal proceedings where parties may make a claim for damages or other remedies with respect to our projects or other matters. If it is determined that we have liability, we may not be covered by insurance or, if covered, the dollar amount of these liabilities may exceed our policy limits. Any liability not covered by our insurance, in excess of our insurance limits or, if covered by insurance but subject to a high deductible, could result in a significant loss for us, which claims may reduce our profits and cash available for operations.

THE FASHION AND MODELING BUSINESS IS HIGLY COMPETITIVE AND THERE IS NO ASSURRANCE THAT WE WILL BE ABLE TO COMPETE EFFECTIVELY.
Fashion and modeling is a vibrant business market and competition is high. We are going to work in an industry which is highly competitive and serviced by what appear to be small to medium size companies. When we rate competition as high, we mean that chances of a potential customer to go to another company that provides same service as us is high. Some of the competitors may have lower overhead cost structures by having already acquired large turnover and maybe able to provide their products and services at lower rates than us. There can be no assurance that our company will not encounter increased competition from some new market entrants that may be significantly larger and have greater financial and marketing resources. Blue Fashion Corp. is entering the market in a small capacity, we will compete for market share with numerous companies where many of them already have built client base and have established and spread their advertising and marketing campaign. In addition, same existing and future competitors may seek to gain or retain market share by reducing their service prices while being able to increase their volumes of service provided. In that case our company may be needing to lower its own prices of it’s services, which may adversely affect operating results.

THE FASHION AND MODELING INDUSTRY IS SUBJECT TO GENERAL ECONOMIC CONDITIONS.

The Company believes that our industry is sensitive to economic conditions, including national economic changes, regional conditions in business, local and international low downs in modeling industry, fashion and retail, design, advertisement, commercial and marketing activity, etc. In addition, our company's operating results may be adversely affected by increases in interest rates that may lead to a decline in economic activity. There can be no assurance that adverse or other economic or competitive conditions will not have a material adverse effect on our business operating results and financial condition.
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AS AN “EMERGING GROWTH COMPANY” UNDER THE JOBS ACT, WE ARE PERMITTED TO RELY ON EXEMPTIONS FROM CERTAIN DISCLOSURE REQUIREMENTS.
We qualify as an “emerging growth company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will be exempt from certain reporting requirements, including those relating to accounting standards and disclosure about our executive compensation, that apply to other public companies.

We are classified as an emerging growth company, which is defined as a company with annual gross revenues of less than $1 billion, that has been a public reporting company for a period of less than five years, and that does not have a public float of $700 million or more in securities held by non-affiliated holders. For as long as we are an emerging growth company, unlike other public companies, we are eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies.” These include, but are not limited to, (i) reduced obligations with respect to the disclosure of selected financial data in registration statements filed with the SEC, (ii) reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, (iii) an exception from compliance with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, and (iv) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and the requirement to obtain shareholder approval of any golden parachute payments not previously approved.

As noted above, under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards that have different effective dates for public and private companies until such time as those standards apply to private companies. We intend to take advantage of such extended transition period. Since we would then not be required to:

-  have an auditor report on our internal controls over financial reportingto comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to the financial statements of companies that comply with public company effective dates. If we were to elect to comply with these public company effective dates, such election would be irrevocable pursuant to Section 404(b) of the Sarbanes-Oxley Act;
-  comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);
-  submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;” and
-  disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive’s compensation to median employee compensation.
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of theAct.

Risks Relating to Our Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We will remain an “emerging growth company” for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become

If a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.

Until such time, however, we cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.
BECAUSE OUR PRESIDENT AND SOLE DIRECTOR HAS OTHER BUSINESS INTERESTS, SHE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL.
Our President and sole director, Ms. Bojana Banjac, will devote only limited time to our operations. Ms. Banjac intends to devote approximately twenty hours per week to our business. Because our President and sole director will only be devoting limited time to our operations, our operations may be sporadic and occur at times which are convenient to her. As a result, operations may be periodically interrupted or suspended which could result in a lack of revenues and a possible cessation of operations. It is possible that the demands on Bojana Banjac from her other obligations could increase with the result that she would no longer be able to devote sufficient time to the management of company’s business. In addition, Ms. Banjac may not possess sufficient time for our business if the demands of managing our business increase substantially beyond current levels.
BECAUSE OUR PRESIDENT AND SOLE DIRECTOR OWNS 100% OF THE COMPANY’S SHARES AND WILL OWN 35.7% UPON THE SUCCESSFUL COMPLETION OF THIS OFFERING, SHE WILL MAKE AND CONTROL CORPORATE DECISIONS THAT MAY BE DISADVANTAGEOUS TO MINORITY SHAREHOLDERS.
As of the date of this prospectus, Ms. Banjac, our President and sole director, owns 100% of our shares of common stock and will own 35.7% of our common stock if all of the shares registered as part of this offering are sold. Accordingly, she will have significant influence in determining the outcome of all corporate transactions or other matters, including the election of directors, issuance of additional shares, mergers, consolidations and the sale of all or substantially all of our assets, and also the power to prevent or cause a change in control. The interests of Ms. Banjac may differ from the interests of the other stockholders and may result in corporate decisions that are disadvantageous to other shareholders. For example, the future issuance of additional shares may result in substantial dilution in the percentage of our common stock held by existing shareholders.
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BECAUSE WE DO NOT HAVE AN ESCROW OR TRUST ACCOUNT FOR YOUR SUBSCRIPTION, IF WE FILE FOR BANKRUPTCY PROTECTION OR ARE FORCED INTO BANKRUPTCY, OR A CREDITOR OBTAINS A JUDGMENT AGAINST US AND ATTACHES THE SUBSCRIPTION, YOU WILL LOSE YOUR INVESTMENT REGARDLESS OF THE NUMBER OF SECURITIES SOLD IN THE OFFERING.
Your funds will not be placed in an escrow or trust account. Accordingly, if we file for bankruptcy protection or a petition for involuntary bankruptcy is filed by creditors against us, your funds will become part of the bankruptcy estate and administered according to the bankruptcy laws. If a creditor sues us and obtains a judgment against us, the creditor could garnish the bank account and take possession of the subscriptions. As such, it is possible that a creditor could attach your subscription. If that happens, you will lose your investment and your funds will be used to pay creditors.
RISKS ASSOCIATED WITH THIS OFFERING
WE ARBITRARILY DETERMINED THE PRICE OF THE SHARES OF OUR COMMON STOCK TO BE SOLD PURSUANT TO THIS PROSPECTUS, AND SUCH PRICE DOES NOT REFLECT THE ACTUAL MARKET PRICE FOR THE SECURITIES. CONSEQUENTLY, THERE IS AN INCREASED RISK THAT YOU MAY NOT BE ABLE TO RE-SELL OUR COMMON STOCK AT THE PRICE YOU BOUGHT IT FOR.
The initial offering price of $0.01 per share of the common stock offered pursuant to this prospectus was determined by us arbitrarily. The price is not based on our financial condition or prospects, on the market prices of securities of comparable publicly traded companies, on financial and operating information of companies engaged in similar activities to ours, or on general conditions of the securities market. The price may not be indicative of the market price, if any, for our common stock in the trading market after this Offering. If the market price for our stock drops below the price which you paid, you may not be able to re-sell out common stock at the price you bought it for.
Our common stock may never be quoted on the OTC Bulletin Board. To be quoted on the OTCBB a market maker must file an application on our behalf to make a market for our common stock. As of the date of this Registration Statement, we have not engaged a market maker to file such an application, and there is no guarantee that a market marker will file an application on our behalf, and that even if an application is filed, there is no guarantee that we will be accepted for quotation. Our stock may become quoted, rather than traded, on the OTCBB. When/if our shares of common stock commence trading on the OTC Bulletin Board, the trading price will fluctuate significantly and stockholders may have difficulty reselling their shares.
As of the date of this Registration Statement, our common stock does not yet trade on the Over-the-Counter Bulletin Board. Our common stock may never be quoted on the OTC Bulletin Board. When/if our shares of common stock commence trading on the Bulletin Board, there is a volatility associated with Bulletin Board securities in general and the value of your investment could decline due to the impact of any of the following factors upon the market price of our common stock: (i) disappointing results from our development efforts; (ii) failure to meet our revenue or profit goals or operating budget; (iii) decline in demand for our common stock; (iv) downward revisions in securities analysts' estimates or changes in general market conditions; (v) technological innovations by competitors or in competing technologies; (vi) lack of funding generated for operations; (vii) investor perception of our industry or our prospects; and (viii) general economic trends.
In addition, stock markets have experienced price and volume fluctuations and the market prices of securities have been highly volatile. These fluctuations are often unrelated to operating performance and may adversely affect the market price of our common stock. As a result, investorsdevelop, shareholders may be unable to sell their shares.

Our common stock is quoted under the symbol “DRNG” on the OTCQB operated by OTC Markets Group, Inc., an electronic inter-dealer quotation medium for equity securities. We do not currently have an active trading market. There can be no assurance that an active and liquid trading market will develop or, if developed, that it will be sustained.

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Our securities are very thinly traded. Accordingly, it may be difficult to sell shares atof our common stock without significantly depressing the value of the stock. Unless we are successful in developing continued investor interest in our stock, sales of our stock could continue to result in major fluctuations in the price of the stock.

Because we are subject to the “Penny Stock” rules, the level of trading activity in our stock may be reduced.

The Securities and Exchange Commission has adopted regulations which generally define "penny stock" to be any listed, trading equity security that has a fairmarket price and you may lose allless than $5.00 per share or partan exercise price of your investment.

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THE REGULATION OF PENNY STOCKS BY SEC AND FINRA MAY DISCOURAGE THE TRADABILITY OF THE COMPANY'S SECURITIES.
less than $5.00 per share, subject to certain exemptions. The shares being offered are defined aspenny stock rules require a broker-dealer, prior to a transaction in a penny stock undernot otherwise exempt from the Securitiesrules, to deliver a standardized risk disclosure document that provides information about penny stocks and Exchange Act of 1934, as amended (the “Exchange Act”),the risks in the penny stock market. The broker-dealer must also provide the customer with current bid and rulesoffer quotations for the penny stock, the compensation of the Commission. We are subjectbroker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer’s account. In addition, the penny stock rules generally require that prior to a Securities and Exchange Commission rule that imposes special sales practice requirements upon broker-dealers who sell such securities to persons other than established customers or accredited investors. For purposes oftransaction in a penny stock, the rule, the phrase "accredited investors" means, in general terms, institutions with assets in excess of $5,000,000, or individuals having a net worth in excess of $1,000,000 or having an annual income that exceeds $200,000 (or that, when combined with a spouse's income, exceeds $300,000). For transactions covered by the rule, the broker-dealer must make a special suitabilitywritten determination ofthat the penny stock is a suitable investment for the purchaser and receive the purchaser'spurchaser’s written agreement to the transaction prior to the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently, the rule will affect the ability of purchasers in this offering to sell their securities in any market that might develop, because it imposes additional regulatory burdens on penny stock transactions.
WE ARE SELLING THIS OFFERING WITHOUT AN UNDERWRITER AND MAY BE UNABLE TO SELL ANY SHARES.
This offering is self-underwritten, that is, we are not going to engage the services of an underwriter to sell the shares; we intend to sell our shares through our President Bojana Banjac, who will receive no commissions. She will offer the shares to friends, family members, and business associates. However, there is no guarantee that she will be able to sell any of the shares. Unless she is successful in selling all of the shares and we receive the proceeds from this offering, we may have to seek alternative financing to implement our business plan.
RULE 144 SALES IN THE FUTURE MAY HAVE A DEPRESSIVE EFFECT ON THE COMPANY'S STOCKPRICE.
All of the outstanding shares of common stock held by the present officers, directors, and affiliate stockholders are "restricted securities" within the meaning of Rule 144 under the Securities Act of 1933, as amended. As restricted shares, these shares may be resold only pursuant to an effective registration statement or under thetransaction. These disclosure requirements of Rule 144 or other applicable exemptions from registration under the Act and as required under applicable state securities laws. Officers, directors and affiliates will be able to sell their shares if this Registration Statement becomes effective. Rule 144 provides in essence that a person who is an affiliate or officer or director who has held restricted securities for six months may, under certain conditions, sell every three months, in brokerage transactions, a number of shares that does not exceed the greater of 1.0% of a company's outstanding common stock. There is no limitation the amount of restricted securities that may be sold by a non-affiliate after the owner has held the restricted securities for a period of six months if the company is a current, reporting company under the 1934 Act. A sale under Rule 144 or under any other exemption from the Act, if available, or pursuant to subsequent registration of shares of common stock of present stockholders, may have a depressive effect upon the price of the common stock in any market that may develop.
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DUE TO THE LACK OF A TRADING MARKET FOR OUR SECURITIES, YOU MAY HAVE DIFFICULTY SELLING ANY SHARES YOU PURCHASE IN THIS OFFERING.
We are not registered on any market or public stock exchange. There is presently no demand for our common stock and no public market exists for the shares being offered in this prospectus. We plan to contact a market maker immediately following the completion of the offering and apply to have the shares quoted on the Over-the-Counter Bulletin Board (“OTCBB”). The OTCBB is a regulated quotation service that displays real-time quotes, last sale prices and volume information in over-the-counter securities. The OTCBB is not an issuer listing service, market or exchange. Although the OTCBB does not have any listing requirements per se, to be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC or applicable regulatory authority. Market makers are not permitted to begin quotation of a security whose issuer does not meet this filing requirement. Securities already quoted on the OTCBB that become delinquent in their required filings will be removed following a 30 to 60 day grace period if they do not make their required filing during that time. We cannot guarantee that our application will be accepted or approved and our stock listed and quoted for sale. As of the date of this filing, there have been no discussions or understandings between Blue Fashion Corp. and anyone acting on its behalf, with any market maker regarding participation in a future trading market for our securities. If no market is ever developed for our common stock, it will be difficult for you to sell any shares you purchase in this offering. In such a case, you may find that you are unable to achieve any benefit from your investment or liquidate your shares without considerable delay, if at all. In addition, if we fail to have our common stock quoted on a public trading market, your common stock will not have a quantifiable value and it may be difficult, if not impossible, to ever resell your shares, resulting in an inability to realize any value from your investment.
WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE. WITHOUT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL.
We plan to contact a market maker immediately following the close of the offering and apply to have the shares quoted on the OTC Electronic Bulletin Board. To be eligible for quotation, issuers must remain current in their filings with the SEC. In order for us to remain in compliance we will require future revenues to cover the cost of these filings, which could comprise a substantial portion of our available cash resources. We estimate the anticipated costs of being a public company to be approximately $10,000 per year. If we are unable to generate sufficient revenues to remain in compliance it may be difficult for you to resell any shares you may purchase, if at all.
OUR PRESIDENT AND SOLE DIRECTOR HAS NO EXPERIENCE MANAGING A PUBLIC COMPANY WHICH IS REQUIRED TO ESTABLISH AND MAINTAIN DISCLOSURE CONTROLS AND PROCEDURES AND INTERNAL CONTROL OVER FINANCIAL REPORTING.
We have never operated as a public company. Bojana Banjac, our President, has no experience managing a public company which is required to establish and maintain disclosure controls and procedures and internal control over financial reporting. As a result, we may not be able to operate successfully as a public company, even if our operations are successful. We plan to comply with all of the various rules and regulations, which are required for a public company. However, if we cannot operate successfully as a public company, your investment may be materially adversely affected. Our inability to operate as a public company could be the basis of your losing your entire investment in us.
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WE MAY IN THE FUTURE ISSUE ADDITIONAL SHARES OF COMMON STOCK, WHICH WILL DILUTE SHARE VALUE OF INVESTORS IN THE OFFERING.
Our Articles of Incorporation authorize the issuance of 75,000,000 shares of common stock, par value $0.001 per share, of which 5,000,000 shares are issued and outstanding. The future issuance of common stock may result in substantial dilution in the percentage of our common stock held by our then existing shareholders. We may value any common stock issued in the future on an arbitrary basis. The issuance of common stock for future services or acquisitions or other corporate actions may have the effect of dilutingreducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules which may increase the difficulty Purchasers may experience in attempting to liquidate such securities.

We do not expect to pay dividends in the foreseeable future. Any return on investment may be limited to the value of the shares held by investors in the offering, and might have an adverse effect on any trading market for our common stock.

BECAUSE WE DO NOT INTEND TO PAY ANY CASH DIVIDENDS ON OUR COMMON STOCK, OUR STOCKHOLDERS WILL NOT BE ABLE TO RECEIVE A RETURN ON THEIR SHARES UNLESS THEY SELL THEM.
We intend to retain any future earnings to finance the development and expansion of our business.

We do not anticipate paying any cash dividends on our common stock in the foreseeable future. UnlessThe payment of dividends on our common stock will depend on earnings, financial condition and other business and economic factors affecting it at such time as the board of directors may consider relevant. If we do not pay dividends, our stockholders will notcommon stock may be able to receiveless valuable because a return on their shares unless they sell them. There is no assurance that stockholdersyour investment will be able to sell shares when desired.

ANTI-TAKEOVER EFFECTS OF CERTAIN PROVISIONS OF NEVADA STATE LAW HINDER A POTENTIAL TAKEOVER OF OUR COMPANY.
Though not now,occur only if our stock price appreciates.

Provisions in the future we may become subjectNevada Revised Statutes and our Bylaws could make it very difficult for an investor to Nevada’s control share law. A corporation is subjectbring any legal actions against our directors or officers for violations of their fiduciary duties or could require us to Nevada’s control share law if it has more than 200 stockholders, at least 100pay any amounts incurred by our directors or officers in any such actions.

Members of whom are stockholdersour board of recorddirectors and residentsour officers will have no liability for breaches of their fiduciary duty of care as a director or officer, except in limited circumstances, pursuant to provisions in the Nevada Revised Statutes and it does business inour Bylaws as authorized by the Nevada or through an affiliated corporation. The law focuses on the acquisition of a “controlling interest” which means the ownership of outstanding voting shares sufficient, but for the control share law, to enable the acquiring person to exercise the following proportionsRevised Statutes. Specifically, Section 78.138 of the voting powerNevada Revised Statutes provides that a director or officer is not individually liable to the company or its shareholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (1) the director’s or officer’s act or failure to act constituted a breach of his or her fiduciary duties as a director or officer and (2) his or her breach of those duties involved intentional misconduct, fraud or a knowing violation of law. This provision is intended to afford directors and officers protection against and to limit their potential liability for monetary damages resulting from suits alleging a breach of the corporation in the electionduty of directors: (i) one-fifthcare by a director or more but less than one-third, (ii) one-third or more but less than a majority, or (iii) a majority or more. The ability to exercise such voting powerofficer. Accordingly, you may be direct or indirect, as well as individual or in association with others.

The effect of the control share law is that the acquiring person, and those acting in association with it, obtains only such voting rights in the control shares as are conferred by a resolution of the stockholders of the corporation, approved at a special or annual meeting of stockholders. The control share law contemplates that voting rights will be considered only once by the other stockholders. Thus, there is no authority to strip voting rights from the control shares of an acquiring person once those rights have been approved. If the stockholders do not grant voting rights to the control shares acquired by an acquiring person, those shares do not become permanent non-voting shares. The acquiring person is free to sell its shares to others. If the buyers of those shares themselves do not acquire a controlling interest, their shares do not become governed by the control share law.
If control shares are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of the voting power, any stockholder of record, other than an acquiring person, who has not voted in favor of approval of voting rights is entitled to demand fair value for such stockholder’s shares.
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USE OF PROCEEDS
Our offering is being made on a self-underwritten basis: no minimum number of shares must be sold in order for the offering to proceed. The offering price per share is $0.01. The following table sets forth the uses of proceeds assuming the sale in the amount of $30,000, $60,000 and $90,000, respectively, worth of the securities offered for sale by the Company. There is no assurance that we will raise the full $90,000 as anticipated.
  $30,000 
$60,000
 $90,000
Legal and professional fees ( public company reporting costs)$ $10,000$10,000
Net proceeds $
30,000
$
50,000
$80,000
The net proceeds will be used :      
Marketing, advertising $9,900$
17,000
$29,000
Salaries$7,200$8,000$15,000
Photo-shoots & filming, castings$4,200$
 10,000
$12,000
Rent$4,400$
10,000
$
16,000
Other running expenses$4,300$
5,000
$8,000

In the event of raising $30,000 or less from the offering the costs for legal and professional fees and public company reporting are planned to be covered from director loans and not from the moneys raised from the offering.
Except for fixed costs, the amounts actually spent by us for any specific purpose may vary and will depend on a number of factors. Non-fixed costs, sales and marketing and general and administrative costs may vary depending on the business progress and development efforts, general business conditions and market reception to our services. Accordingly, our management has broad discretion to allocate the net proceeds to non-fixed costs.
An example of changes to this spending allocation for non-fixed costs include Management deciding to spend less of the allotment on equipment and more on marketing. Such changes to spending may occur due to seasonal variations in market demand for our services relative to when the funds are received.
Bojana Banjac made a loan in the principal amount of $6,623 to Blue Fashion Corp., has verbally agreed to loan the company more funds, if necessary, to complete the registration process but we will require funding from the sale of shares to implement our complete business plan.
DETERMINATION OF OFFERING PRICE
The offering price of the shares has been determined arbitrarily by us. It is not based upon an independent assessment of the value of our shares and should not be considered as such. The price does not bear any relationship to our assets, book value, earnings, or other established criteria for valuing a privately held company. In determining the number of shares to be offered and the offering price, we took into consideration our cash on hand and the amount of money we would need to implement our business plan. Accordingly, the offering price should not be considered an indication of the actual value of the securities.
DILUTION
The price of the current offering is fixed at $0.01 per common share. This price is significantly higher than the price paid by our sole director and officer for common equity since the Company’s inception on May 14, 2012. Bojana Banjac, our President and sole director, paid $0.001 per share for the 5,000,000 common shares
Assuming completion of the offering, there will be up to 14,000,000 common shares outstanding. The following table illustrates the per common share dilution that may be experienced by investors at various funding levels.
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Dilution table       
        
Percentage of funding  100%  66%  33% 
Amount of new funding $90,000.00 $60,000.00 $30,000.00 
Offering price $0.01 $0.01 $0.01 
Shares after offering  14,000,000.00  11,000,000.00  8,000,000.00 
Book value before offering per share $0.0009 $0.0009 $0.0009 
Increase per share  0.0059  0.0050  0.0034 
Book value after offering per share $0.0067 $0.0059 $0.0043 
Dilution to investors $0.0033 $0.0041 $0.0057 
Dilution as percentage  33%  41%  57% 
MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

You should read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes and other financial information included elsewhere in this prospectus. Some of the information contained in this discussion and analysis or set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that involve risks and uncertainties. You should review the “Risk Factors” section of this prospectus for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
We are a development stage company and only recently started our operations. We have not generated or realized any revenues from our business operations. Our cash balance is $6,321.00 as of April __ 2013. Our current cash balance will not be sufficient to fund our operations for the next 12 months and to qualify our minimum cash requirements necessary to fund 12 months of operations, if we are unable to successfully raise moneyprevail in this offering. Wea legal action against our directors or officers even if they have been utilizing and may utilize funds from Bojana Banjac,breached their fiduciary duty of care. In addition, our President, Treasurer and Director, who has informally agreed to advance funds toBylaws allow us to pay for offeringindemnify our directors and officers from and against any and all costs, filing fees, professional fees, including fees payablecharges and expenses resulting from their acting in connectionsuch capacities with the filing of this registration statement and operation expenses. There is no a maximum amount of funds that our President has agreed to advance. Ms. Banjac has no formal commitment, arrangement or legal obligation to advance or loan funds to the company. In order to achieve our business plan goals, we will need the funding from this offering.
Our auditors have issued a going concern opinion.us. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues. If we are unable to obtain additional working capital our business may fail. Accordingly, we must raise cash from sources other than operations. Our only other source for cash at this time is investments by shareholder in our company. We must raise cash to implement our projected plan of operations.
No proceeds will be used as direct or indirect payments to Ms. Banjac or her affiliates.
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We qualify as an “emerging growth company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:
have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);
submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;” and
disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation.
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.
We will remain an “emerging growth company” for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.
PLAN OF OPERATION
Weyou were incorporated in the State of Nevada on May 14, 2012. We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings. Since incorporation, we have not made any significant purchase or sale of assets. We are a development stage company that has not generated any revenue and just recently started our operations. To meet our need for cash we are attempting to raise money from this offering. Even if we are able to raise enough money through this offering to commence operations,enforce an action against our directors or officers, in all likelihood, we cannot guarantee that once operations commence we will stay in business after doing so. If we are unable to successfully attract customers we may quickly use up the proceeds from this offering.
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We are in the fashion and modeling business. The corporation is at a development stage. The company goal is to establish its market in the Balkan region, conducting business initially in Serbia then in Bosnia and Herzegovina, and then we intend to spread our business across the North American region primarily in the cities of New York and Miami. We plan to generate revenue by providing fashion models to the medeling industry, for fashion shows, photo shoots, TV and advertising works .We will be competing in the fashion and modeling market. We have never intended and do not intend to be a blank check company or a shell company. We have a specific business plan and do not intend to engage in any merger, acquisition or business reorganization with any entity.
To meet our need for cash we are attempting to raise money from this offering. We believe that we will be able to raise enough money through this offering to run our operations but we cannot guarantee this. If we are unable to successfully find customers we may quickly use up the proceeds from this offering and will need to find alternative sources. At the present time, we have not made any arrangements to raise additional cash, other than through this offering.

Upon completion of our public offering, which may take up to 180 days, our specific goal is to profitably sell our products. Our plan of operations is as follows:
12 MONTH PLAN OF OPERATIONS:
1st Month
1. Sign 6 month agreement for 6 small company office lease  $1500
2. Develop company profile page on Facebook and other social media. No cost
3. Design and print business cards $300
4. Announce casting call and utilize social media and paid advertising. $150
Month total $1,950
2nd Month
1. Sign Agreement for periodic casting space hire, construct small scale catwalk podium. $700
2. Hold model casting. $200
3. Hire a programmer to build company website. $1,500
4. Send out correspondence to major fashion agencies in the region with offers for cooperation. $100
Month total $2,500
3rd Month
1. Announce casting call, utilize social media, company website and paid advertisement. $150
2. Hold casting. $200
3. Further develop the company website, add new models to database $400
Month total $750
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4th Month
1. Promote company to leading  fashion agencies in the region, offer business partnership. No cost
2. Review company operations. No cost
3. Hire employee (manager). $600
4. Design, develop and produce marketing material. $ 2,000
5. Hire personnel on short term to hand out promotional flyers at key locations in the city. $300
Month total $3,100
5th Month
1. Continue reviewing operations, analyze works accomplished to date. No cost
2. Update company website,  refresh online profiles and pages $1,000
3. Search for companies that offer good value marketing and advertising online. No cost
4. Expand company marketing  $1,500
5. Pay salary $600
Month total $3,100
6th Month
1. Extend agreement for 6 moth small company office hire  $1500
2. Organize model training week. $400
3. Hire make up artist and stylist. $400
4. Organize new model casting and promote the event $300
5. Pay salary  $600
Month total $3,200
7th Month
1. Hold a casting  $200
2. Update the website and corporate profiles online, add new models to the company website and database.  $500
3. Create internal company IT data system which includes full list of models, employee details, company affiliates and documented company data. $2,000
4. Pay salary $600
Month total $3,300
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8th Month
1. Hold model photo shoots and filming $1,500
2. Arrange meetings with management of leading  modeling agencies in the region, offer cooperation. No cost
3. Announce and advertise next month's casting.  $100
4. Pay salary $600
Month total $2,200
9th Month
1. Hold casting. $200
2. Hold model training week. $600
3. Hire makeup artist and a stylist short term. $500
4. Hire a photographer. $600
5. Pay salary $600
Month total $2,500
10th Month
1. Contact local fashion television stations, offer business cooperation. No cost
2. Make model catalog. $1,000
3. Pay salary $600
Month total $1600
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11th Month
1. Expand advertising and marketing. $1700
2. Announce new casting. $100
3. Hold model training and makeup artistry course. $1,000
4. Make business collaboration offers to prominent companies in the region and abroad. No cost
5. Pay salary $600
Month total $3,400
12th Month
1. Hold casting $200
2. Hold model training course and a makeup artistry week. $800 (company may expect some income here)
3. Liaise with the media, television and magazines. $300
4. Pay rent $700
5. Pay salary $600
Month total $2,600
Total projected expenditure for the first 12-month: $30,000
COMPLETE OUR PUBLIC OFFERING
We expect to complete our public offering within 180 days after the effectiveness of our registration statement by the Securities and Exchange Commissions. We intend to concentrate our efforts on raising capital during this period. Our operations will be limited due to the limited amount of funds on hand.
OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
LIMITED OPERATING HISTORY
There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.
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RESULTS OF OPERATIONS

Since inception on May 14, 2012 to January 31, 2013, during this period we incorporated the company, we have prepared our business plan and entered into an Agreement with Nina Vorkapic. Agreement is filed as exhibit to this registration statement, the main terms are:
1) Nina Vorkapic agreed to engage in working relationship with Blue Fashion Corp.
2) Nina Vorkapic shall pay to Blue Fashion Corp. a sum equal to thirty percent of all monies received by her under all contracts of employment entered during the term specified in the contract.
Our loss since inception is $727 for filing costs related to the incorporation of the Company.  We have not meaningfully commenced our proposed business operations and will not do so until we have completed this offering.
We have generated no revenue since inception due to the fact that we are a development stage company and have not yet provided any services to any client.
Since inception, we have sold 5,000,000 shares of common stock to our President and sole director for net proceeds of $5,000.
 LIQUIDITY AND CAPITAL RESOURCES
As of January 31, 2013, the Company had $9,846 cash and our liabilities were $6,623, comprising $6,623 owed to Bojana Banjac, our director.  

Since inception, we have sold 5,000,000 shares of common stock in one offer and sale, which was to our President and sole director, at a price of $0.001 per share, for aggregate proceeds of $5,000.
To meet a small part our need for cash we are attempting to raise money from this offering. We cannot guarantee that we will be able to sell all the shares required. If we are successful, any money raised will be applied to the items set forth in the Use of Proceeds section of this prospectus. We will attempt to raise the necessary funds to proceed with all phases of our plan of operation. The sources of funding we may consider to fund this work include a public offering, a private placement of our securities or loans from our director or others.
We are highly dependent upon the success of the private offerings of equity or debt securities, as described herein. Therefore, the failure thereof would result in the need to seek capital from other resources such as taking loans, which would likely not even be possible for the Company. However, if such financing were available, because we are a development stage company with no operations to date, we would likely have to pay additional costs associated with high risk loans and be subject to an above market interest rate. At such time these funds are required, management would evaluate the terms of such debt financing. If the Company cannot raise additional proceeds via a private placement of its equity or debt securities, or secure a loan, the Company would be required to cease business operations. As a result, investorspay any expenses they incurred in defending the lawsuit and any judgment or settlement they otherwise would lose all of their investment.
Our auditors have issued a “going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have completed the financing from this offering and implemented our plan of operations. Our only source for cash at this time is investments by others in this offering. We must raise cash to implement our strategy and stay in business. The amount of the offering will likely allow us to operate for at least one year and have the capital resourcesbe required to cover the material costs with becoming a publicly reporting. The company anticipates over the next 12 months the costpay. Accordingly, our indemnification obligations could divert needed financial resources and may adversely affect our business, financial condition, results of being a reporting public company will be approximately $10,000.
Should the Company fail to sell less than all its shares under this offering the Company would be forced to scale back or abort completely the implementation of its 12-month plan of operation.
SIGNIFICANT ACCOUNTING POLICIES

Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States. Because a precise determination of many assetsoperations and liabilities is dependent upon future events, the preparation of financial statementscash flows, and adversely affect prevailing market prices for a period necessarily involves the use of estimates which have been made using careful judgment. The financial statements have, in our opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:
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BASIS OF PRESENTATION
The Company reports revenues and expenses use the accrual method of accounting for financial and tax reporting purposes. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (US GAAP) applicable to development stage companies.
USE OF ESTIMATES
Management uses estimates and assumption in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.
DEPRECIATION, AMORTIZATION AND CAPITALIZATION
The Company records depreciation and amortization when appropriate using both straight-line and declining balance methods over the estimated useful life of the assets (five to seven years). Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property’s useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.
INCOME TAXES
The Company accounts for income taxes under ASC 740 "INCOME TAXES" which codified SFAS 109, "ACCOUNTING FOR INCOME TAXES" and FIN 48 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109."Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.
FAIR VALUE OF FINANCIAL INSTRUMENTS
Financial Accounting Standards statements No. 107, “Disclosures About Fair Value of Financial Instruments”, requires the Company to disclose, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments. The Company’s financial instruments consist primarily of cash.
PER SHARE INFORMATION
The Company computes per share information by dividing the net loss for the period presented by the weighted average number of shares outstanding during such period.
DESCRIPTION OF BUSINESS
BUSINESS IN GENERAL
Blue Fashion Corp. is a newly formed company, based in Belgrade, Serbia and registered in the State of Nevada on the 14th May 2012. It is a developing stage corporation. Our business intention is to provide top models for fashion shows, television commercials, movies and magazines. Our revenue is earned by charging a fee to our clients who will want to hire our models for various photo shoots, catwalk shows, TV and film appearances and other modeling events.
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We plan to be a company that will be an exclusive agent for a select group of models worldwide, concentrating initially on a Balkan market, serving especially Serbia and Bosnia and Herzegovina, and then eventually North American region and cities of New York and Miami.
GENERAL STRATEGY
Building an organization of a strong and stable business structure while gaining confidence from our clients and our models by providing a good, concrete service and process of work. Our principal aim is to offer new modelscommon stock.

Risks Related to the fashion industry.

MARKETING AND ADVERTISING/POTENTIAL CLIENTS
Blue Fashion Corp. intends to rely onNote Financings

Common Shares that we issue upon conversion of promissory notes will dilute our Presidentexisting stockholders and sole director, Bojana Banjac todepress the market and publicize our business. A personnel might be hired to develop marketing side of the company. Besides other means, great part of the marketing and advertising is planned to be done online. We intend to hire a web designer to assist us in building our website.

While our website is being completed, we will generate profile pages on several major social networks. Presence on the Internet should sustain our business contour and bring our philosophy to the fashion community and perhaps spread the customer base in the fashion market. Promotionprice of our business is planned to also include advertising in the media, newspapers and magazines.common stock.

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We also plan to update and distribute printed marketing material. For our future clients we will prepare business cards that we will hand out to every potential customer or collaborator as well as a potential models. We intend to print flyers with intention to hand them out before our auditions and castings for new models.
Target are fashion designers, Television and film production companies, Fashion Houses, magazine and newspaper establishments in the region of Serbia, Bosnia and surrounding areas. Company has plans to cover regions of North America, to be followed with other fashion cities of the world.
ASSETS
Company has purchased a used Nikon D7000 digital SLR camera together with 18-55mm AF-S DX VR Nikon Zoom Lens. The camera is a 16.2 Megapixel camera and it’s an effective tool and camera model to be utilized in fashion photography, and its cost was $1,050.
Agreement with Ms. Nina Vorkapic
Blue fashion Corp. has entered in to working contract with Nina Vorkapic a professional fashion model.
The main terms are:
1) Nina Vorkapic agreed to engage in working relationship with Blue Fashion Corp.
2) Nina Vorkapic shall pay to Blue Fashion Corp. a sum equal to 30% (thirty percent) of all monies received by her as a model under all contracts of employment entered during the term specified in the contract.
INSURANCE
We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party of an action, we may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause us to cease operations.
COMPETITION
There are few barriers of entry in the modeling business and level of competition is high. There are many domestic, international small and large businesses in this market. We will be in direct competition with them. Many established companies have greater financial capabilities than us and will be able to provide more favorable terms to the customers. Many of these companies may have a greater, more established customer base than us. We may lose business to such companies. Also, many of these companies will be able to afford to offer greater price discounts than us which may also cause us to lose business. In addition, we may be competing with unregistered agencies, who may sell their services at a relatively cheap prices.
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BOJANA BANJIC
For the last 5 years our director Ms. Bojana Banjac has been working as an accountant and administrator at the institute of Microbiology. In 1992 Ms. Banjac has graduated in Computer science and acquired a title of an engineer in Information Technology.
At a young age she finished an elementary level ballet school. She then went to complete a course for fashion modeling and catwalk, after which she was hired to working as a model. At the age of thirty Ms. Banjac started working as a model scout for a Greek modeling agency based in Belgrade, Serbia. She later took up a position of a consultant for the same agency holding a role as an organizer of fashion and trade shows and being a coordinator and a casting agent for the models. Within the same organization Ms. Banjac has built a school of modeling and makeup. She no longer works or associates with that firm. Ms. Banjac’s experiences with modeling agencies have led to our conclusion that Ms. Banjac should be serving as a member of our board of director in light of our business and structure.
NIKOLA MANOJLOVIC
From 2008 to 2010 as well as being an art student our secretary has been employed as a calligrapher, administrator and secretary at a printing firm connected to a church. From 2010 to 2013 Nikola Manojlovic was a manager and event organizer for a Serbian pop singer.
EMPLOYEES; IDENTIFICATION OF CERTAIN SIGNIFICANT EMPLOYEES
Our company secretary is Nikola Manojlovic. We are a development stage company and currently have no employees. Bojana Banjac and Nikola Manojlovic, director and company officer, are not employees of the Company. We intend to take employees on as needed basis.
COMPANY OFFICE
Our principal address is: 2780 So. Jones Blvd. #3752 Las Vegas, Nevada 89146. Our contact telephone number is (310) 213-1390
Upon the completion of our offering, we intend to rent an office space but, as

As of the date of this prospectus, we are obligated to issue approximately 85,000,000 common shares upon conversion of the currently outstanding EMA Note and Auctus Note. For EMA, the share total is based on $165,000 of currently outstanding principal and unpaid interest and based upon a conversion price equal to the lesser of (i) the trading price for our common stock on the trading day prior to the closing date of the Note, or (ii) a 50% discount to the lowest trading or lowest closing bid price for our common stock during the 25 trading day period immediately prior to conversion, whichever is lower. For Auctus, the shares total is based on $165,000 of currently outstanding principal and unpaid interest and based upon a conversion price equal to the lesser of (i) the lowest trading price of our common stock during the twenty-five-day trading period prior to the issue date of the Auctus Note and (ii) 50% of the lowest trading price of our common stock during the twenty-five-day trading period prior to the conversion.

The total potential issuable shares increases with the inclusion of additional interest and any decrease in our stock price. As of the date of this prospectus, no shares have not sought or selectedbeen issued pursuant to conversion of the notes and neither lender has elected to convert any part of the notes to date.

The issuance of shares upon conversion of the notes will dilute our existing shareholders. The number of common shares issuable by us upon conversion of the notes is dependent on the trading price of our common shares during the twenty days prior to conversion. If the price of our stock declines in value, we will be obligated to issue more shares to the note holders which would have a new office sight.

GOVERNMENT REGULATION
further dilutive effect on our stock which could depress the market price of our common stock.

We may be required to issue significant amount of common shares upon conversion of notes that could result in a change of control.

The conversion price of the notes is based upon the trading price of our common shares. There is no way to determine with certainty the number of common shares we will be required to comply withissue should note holders convert their notes into our common shares. As the notes are converted our stock price will decline requiring us to issue an increased number of common shares. We are currently authorized to issue 250,000,000 common shares. We presently have 132,900,000 shares outstanding. We could be required to increase our authorized shares to provide sufficient authorized common stock for conversion of the notes.

The holders of the notes convertible into our common stock will pay less than the then- prevailing market price for our common stock.

The notes are convertible at the lesser of (i) the trading price for our common stock on the trading day prior to the closing date of the Note, or (ii) a 50% discount to the lowest trading or lowest closing bid price for our common stock during the 25 trading day period immediately prior to conversion, whichever is lower. As such, the note holders have a financial incentive to sell our common stock immediately upon receiving the shares to realize the profit equal to the difference between the discounted price and the market price. If the noteholders sell shares, the price of our common stock will likely decrease. If our stock price decreases, the noteholders may have a further incentive to sell the shares of our common stock that they hold. These sales may put further downward pressure on our stock price and reduce the value of your common shares.

If our stock price materially declines, the convertible note holders will have the right to a large number of shares of common stock upon exchange of amounts due under the notes, which may result in significant dilution.

The notes have a conversion feature which is based upon 50% of our lowest trading price over a twenty trading day period. If our common stock price materially declines, we will be obligated to issue a large number of shares to the holders of these notes upon conversion. This will likely materially dilute existing shareholders. The potential for such dilutive issuances upon conversion of outstanding notes may depress the price of common stock regardless of our business performance, and could encourage short selling by market participants, especially if the trading price of our common stock begins to decrease.

USE OF PROCEEDS

The Selling Stockholders will receive all regulations, rulesof the proceeds from the sale of shares of common stock under this prospectus. We will not receive any proceeds from these sales.

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The Selling Stockholders will pay any agent’s commissions and directives of governmental authorities and agencies in any jurisdiction which we would conduct activities in the future. As of now there are no required government approvals present that we need approval fromexpenses it incurs for brokerage, accounting, tax or legal services or any existing government regulation onother expenses it incurs in disposing of the shares of common stock. We will bear all other costs, fees and expenses incurred in effecting the registration of the shares of common stock covered by this prospectus. These may include, without limitation, all registration and filing fees, SEC filing fees and expenses of compliance with state securities or “blue sky” laws.

DETERMINATION OF OFFERING PRICE

The Selling Shareholders will determine at what price they may sell the offered shares, and such sales may be made at prevailing market prices, or at privately negotiated prices.

SELLING STOCKHOLDER

The following table details the name of the sole Selling Stockholders, EMA Financial, LLC (“EMA”) and Auctus Fund, LLC (“Auctus”), the number of shares beneficially owned by such Selling Stockholders and the number of shares that may be offered by such Selling Stockholders for resale under this prospectus.

In accordance with Rule 13d-3 of the Exchange Act, “beneficial ownership” includes any shares of common stock as to which the Selling Stockholders has sole or shared voting power or investment power and any shares of common stock the Selling Stockholders have the right to acquire within sixty (60) days (including shares of common stock issuable pursuant to securities currently convertible or exercisable, or convertible or exercisable within sixty (60) days).

Each of EMA and Auctus may sell any number of shares of our business.

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LEGAL PROCEEDINGS
Duringcommon stock which are issuable upon conversion of amounts due under the past ten years,EMA Note and Auctus Note, respectively. Because the Selling Stockholders may offer all, some or none of the following occurredshares they hold, and because, based upon information provided to us, there are currently no agreements, arrangements or understandings with respect to a Presidentthe resale of any of the Company: shares, no definitive estimate as to the number of shares that will be held by the Selling Stockholders after the offering can be provided. Therefore, the following table has been prepared on the assumption that the entire 85,000,000 common shares being registered under this prospectus will be sold by the Selling Stockholders to parties unaffiliated with them. Because the conversion price of the notes is variable based on 50% of the lowest traded price of our common stock in the twenty five (25) trading days prior to the conversion date, the number of shares of common stock that will actually be issued upon conversion of the notes may be more or less than the number of shares of common stock being offered by this prospectus.

The following table is based on 132,900,000 shares outstanding as of the date of this registration statement. 

  Shares of Common Stock
Name of Selling Shareholder Beneficially
Owned Prior to
the Sale of all
Shares covered by
this Prospectus
 Covered by
this Prospectus
 Beneficially
Owned After
the Sale of all
Shares covered by
this Prospectus(3)
 As a Percent of
Total Outstanding
After the Sale of
Shares covered by
this Prospectus(4)(5)
EMA Financial, LLC(1)  42,500,000(6)  42,500,000   0   0 
Auctus Fund, LLC(2)  42,500,000(6)  42,500,000   0   0 

(1)EMA Group, LLC (“EMA Group”) is the investment manager of EMA Financial, LLC (“EMA”), and Felicia Preston (“Preston”) is the managing member of EMA Group. Therefore each of EMA Group and Preston may be deemed to have voting and investment power over the securities. Each of EMA Group and Preston expressly disclaims any equitable or beneficial ownership of such securities.
(2)Alfred Sollami and Louis Posner of Auctus Fund LLC, have voting and investment power over the shares owned by Auctus Fund LLC.
(3)We have assumed that all shares registered for sale under this prospectus will be sold, but there is no obligation on the part of the Selling Stockholders to sell all of our shares offered by this prospectus as detailed below in the section entitled “Plan of Distribution.”
(4)After the offering is complete, assuming all of the notes are converted into the 85,000,000 shares being registered we would have 217,900,000 common shares outstanding. The 85,000,000 shares being registered upon issuance will represent approximately 39% of our common shares.
(5)Under the terms of the notes, conversions shall not be permitted if such conversion will result in either Selling Stockholder owning more than 4.99% of our common shares outstanding after giving effect to such conversion.
(6)Assumes shares owned directly after conversion of the EMA Note and/or Auctus Note, as applicable, or reflects shares underlying unconverted portions of the EMA Note and/or Auctus Note, or both.

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To our knowledge, neither the Selling Stockholders nor their beneficial owners:

§has ever been one of our officers or directors or an officer or director of our predecessors or affiliates; or
§are broker-dealers or affiliated with broker-dealers.

PLAN OF DISTRIBUTION

We are registering the shares of Common Stock to permit the resale of these shares of Common Stock by the Selling Stockholders and any bankruptcy petition filedof its transferees, pledgees, assignees, donees, and successors-in-interest from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the Selling Stockholders of the shares of Common Stock.

The Selling Stockholders and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their securities covered hereby on the OTCQB or any other stock exchange, market or trading facility on which the securities are traded or in private transactions. These sales may be at fixed or negotiated prices. The Selling Stockholders may use any one or more of the following methods when selling securities:

§ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

§block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;

§purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

§an exchange distribution in accordance with the rules of the applicable exchange;

§privately negotiated transactions;

§settlement of short sales entered into after the effective date of the registration statement of which this prospectus is a part;

§in transactions through broker-dealers that agree with the Selling Shareholders to sell a specified number of such securities at a stipulated price per security;

§through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

§a combination of any such methods of sale; or

§any other method permitted pursuant to applicable law.

The Selling Stockholders may also sell securities under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), if available, rather than under this prospectus.

Broker-dealers engaged by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the Selling Shareholders (or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in compliance with FINRA IM-2440.

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In connection with the sale of the securities or interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the securities in the course of hedging the positions they assume. The Selling Stockholders may also sell securities short and deliver these securities to close out its short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities. The Selling Stockholder may also enter into option or other transactions with broker-dealers or other financial institutions or create one or more derivative securities which require the delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).

The Selling Stockholders and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters” within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. The Selling Stockholders have informed the Company that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the securities. In no event shall any broker-dealer receive fees, commissions and markups which, in the aggregate, would exceed eight percent (8%).

The Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities. The Company has agreed to indemnify the Selling Shareholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.

Because Selling Stockholders may be deemed to be “underwriters” within the meaning of the Securities Act, they will be subject to the prospectus delivery requirements of the Securities Act including Rule 172 thereunder. In addition, any businesssecurities covered by this prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus. The Selling Stockholders have advised us that there is no underwriter or coordinating broker acting in connection with the proposed sale of the resale securities by the Selling Stockholders.

We agreed to keep this prospectus effective until the earlier of (i) the date on which suchthe securities may be resold by the Selling Stockholders without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar effect. The resale securities will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.

Under applicable rules and regulations under the Exchange Act, any person wasengaged in the distribution of the resale securities may not simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the Selling Shareholders will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of securities of the common stock by the Selling Shareholders or any other person. We will make copies of this prospectus available to the Selling Shareholders and have informed them of the need to deliver a general partnercopy of this prospectus to each purchaser at or executive officer either atprior to the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (3) beingsale (including by compliance with Rule 172 under the Securities Act).

LEGAL PROCEEDINGS

We are not subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.legal proceedings.

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We are not a party to any pending material legal proceedings and are not aware of any threatened or contemplated Proceeding by any governmental authority against the Company.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERPROMOTERS AND CONTROL PERSONS

The following tableinformation sets forth as of January 31, 2013, the names, ages, and positions of our current directors and agesexecutive officers.

NameAgePositions and Offices Held
Adam Taylor53Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director
Johanne Margot Elizabeth Ellis56Chief Operating Office

Set forth below is a brief description of the background and business experience of each of our current executive officers and directors.


Name and Address of Executive
   Officer and/or Director
AgePosition
Bojana Banjac
2780 So. Jones Blvd. #3752
Las Vegas, Nevada 89146
45President, Treasurer and Director
Nikola Manojlovic
2780 So. Jones Blvd. #3752
Las Vegas, Nevada 89146
27Secretary
TERM OF OFFICE

Adam Taylor

From 2003 to 2014, Taylor was Options Strategist and Sales Director and serviced clients in a hedge fund trading through MF Global with £20m under management. In 2014, he worked for Impregnable Security as its Sales and Marketing Director where he secured partnerships with some of the largest security companies in the UK. In 2016, he worked for LP Investment Management as a Sales and Marketing Director where he engaged in trading private client accounts through its trading desk at Central Markets. Taylor is an FSA Certified Trader and Broker authorized to trade on the IPE.

Aside from that provided above, Mr. Taylor does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15(d) of the Exchange Act or any company registered as an investment company under the Investment Company Act of 1940.

Mr. Taylor is qualified to serve on our Board of Directors because of his sales, marketing and business development experience.

Johanne Margot Elizabeth Ellis

From 2013 to the present, Ms. Ellis has been working in a consultant capacity in Internet e-commerce. This involves researching trends and market fluctuations, building websites and creating an online presence for businesses and retailers influencing buyers with online content using social media platforms such as Instagram, Facebook and Twitter alongside giving advice and support as a consultant to clients in order to build brands. Ms. Ellis has a BA in English Literature.

Aside from that provided above, Ms. Ellis does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15(d) of the Exchange Act or any company registered as an investment company under the Investment Company Act of 1940.

Term of Office

Our director isDirectors are appointed for a one-year term to hold office until the next annual general meeting of our stockholdersshareholders or until her respective successor is elected and qualified, or until she resigns or is removed from office in accordance with the provisions of the Nevada Revised Statues.our bylaws. Our officers are appointed by our Boardboard of Directorsdirectors and hold office until removed by the Boardboard, subject to their respective employment agreements.

Significant Employees

We have no significant employees other than our officers and directors.

Family Relationships

There are no family relationships between or until their resignation.among the directors, executive officers or persons nominated or chosen by us to become directors or executive officers.

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DIRECTOR INDEPENDENCE
Our board of directors is currently composed of one member, Bojana Banjac who does not qualify as an independent director

Involvement in accordance withCertain Legal Proceedings

During the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least threepast 10 years, onenone of our employees and that neither the director, norcurrent directors, nominees for directors or current executive officers has been involved in any legal proceeding identified in Item 401(f) of her family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exists which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director’s business and personal activities and relationships as they may relate to our management and us.

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COMMITTEES OF THE BOARD OF DIRECTORS

Our Board of Directors has no committees. Regulation S-K, including:

1.Any petition under the Federal bankruptcy laws or any state insolvency law filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he or she was a general partner at or within two years before the time of such filing, or any corporation or business association of which he or she was an executive officer at or within two years before the time of such filing;
2.Any conviction in a criminal proceeding or being named a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);
3.Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him or her from, or otherwise limiting, the following activities: i. Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity; ii. Engaging in any type of business practice; or iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;
4.Being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any type of business regulated by the Commodity Futures Trading Commission, securities, investment, insurance or banking activities, or to be associated with persons engaged in any such activity;
5.Being found by a court of competent jurisdiction in a civil action or by the SEC to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;
6.Being found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;
7.Being subject to, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: i. Any Federal or State securities or commodities law or regulation; or ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or
8.Being subject to, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Audit Committee

We do not have a separately-designated standing nominating, compensation or audit committee.


SIGNIFICANT EMPLOYEES
We have The entire board of directors performs the functions of an audit committee, but no employees. Our President and sole director, Ms. Bojana Banjac, currently devotes approximately twenty hours per week to company matters. After receiving funding pursuant to our business plan Ms. Banjac intends to devote as much time as she deems necessary to managewritten charter governs the affairsactions of the company.board of directors when performing the functions of that would generally be performed by an audit committee. The board of directors approves the selection of our independent accountants and meets and interacts with the independent accountants to discuss issues related to financial reporting. In addition, the board of directors reviews the scope and results of the audit with the independent accountants, reviews with management and the independent accountants our annual operating results, considers the adequacy of our internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the independent auditor and the performance of the independent auditor.

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EXECUTIVE COMPENSATION
MANAGEMENT COMPENSATION

The following tables set forth certain information about compensation paid, earned or accrued

For the fiscal year ending January 31, 2017, the board of directors:

  1. Reviewed and discussed the audited financial statements with management, and
  2. Reviewed and discussed the written disclosures and the letter from our independent auditors on the matters relating to the auditor's independence.

Based upon the board of directors’ review and discussion of the matters above, the board of directors authorized inclusion of the audited financial statements for services bythe year ended January 31, 2017 to be included in this Prospectus filed with the Securities and Exchange Commission.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Exchange Act requires our President,directors and Secretary and all other executive officers (collectively,and persons who beneficially own more than ten percent of a registered class of the “Named Executive Officers”) from inception on May 14, 2012 until January 31, 2013:


Summary Compensation Table

Name and 
Principal
Position
 Year 
Salary
($)
  
Bonus
($)
  
Stock
Awards
($)
  
Option
Awards
($)
  
Non-Equity
Incentive Plan
Compensation
($)
  
Nonqualified
Deferred
Compensation
($)
  
All Other
Compensation
($)
  
Total
($)
 
                           
Bojana Banjac,
President,
Treasurer, Director
 May 14, 2012 to January 31, 2013  -0-   -0-   -0-   -0-   -0-   -0-   -0-   -0- 
                                   
Nikola Manojlovic, Secretary May 14, 2012 to January 31, 2013  -0-   -0-   -0-   -0-   -0-   -0-   -0-   -0- 
There are no current employment agreements betweenCompany’s equity securities to file with the companySEC initial reports of ownership and its officers.
Ms. Bojana Banjac currently devotes approximately twenty hours per week to manage the affairsreports of changes in ownership of common stock and other equity securities of the Company. She has agreedOfficers, directors and greater than ten percent beneficial shareholders are required by SEC regulations to workfurnish us with copies of all Section 16(a) forms they file. To the best of our knowledge based solely on a review of Forms 3, 4, and 5 (and any amendments thereof) received by us, no remuneration until such time aspersons have failed to file, on a timely basis, the company receives sufficient revenues necessary to provide management salaries. At this time, we cannot accurately estimate when sufficient revenues will occur to implement this compensation, or what the amountidentified reports required by Section 16(a) of the compensation will be.
No retirement, pension, profit sharing, stock option or insurance programs orExchange Act during fiscal year ended December 31, 2015, other similar programs havethan the Form 3 for Mr. Taylor, which has not yet been adopted by usfiled and a Form 3 for the benefitMr. Ellis, which has not yet been filed.

Code of our officer or director or employees.

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DIRECTOR COMPENSATION

The following table sets forth director compensation as of January 31, 2013:

Name 
Fees
Earned
or Paid
in Cash
($)
  
Stock
Awards
($)
  
Option
Awards
($)
  
Non-Equity
Incentive Plan
Compensation
($)
  
Nonqualified
Deferred
Compensation
Earnings
($)
  
All Other
Compensation
($)
  
Total
($)
 
                      
BojanaBanjac  -0-   -0-   -0-   -0-   -0-   -0-   -0- 
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Bojana Banjac will not be paid for any underwriting services that he performs on our behalf with respect to this offering.
On November 05, 2012, we issued a total of 5,000,000 shares of restricted common stock to Bojana Banjac, our President and sole director in consideration of $5,000.
Further, Ms. Banjac has advanced funds to the company. Ethics

As of January 31,2013, Ms. Banjacc advanced us $6,050. Ms. Banjac will not be repaid from the proceedsdate of this offering. There is no due date for the repaymentProspectus, we had not adopted a Code of the funds advanced by Ms. Banjac. And Ms. Banjac will be repaid from revenues of operations whenEthics. We are a small company with few individuals comprising our board and if we generate revenues to pay the obligation. There is no assurance that we will ever generate revenues from our operations. The obligation to Ms. Banjacmanagement, which does not bear interest. There is no written agreement evidencingwarrant the advancementadoption of funds by Bojana Banjac or the repaymenta Code of the funds to her. The entire transaction was verbal.


Ethics.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of March 13, 2018, certain information concerning the number ofas to shares of our commonvoting stock owned beneficially as of January 31, 2013 by:by (i) each person (including any group)known toby us to beneficially own more than five percent (5%) of any class5% of our outstanding voting securities,stock, (ii) each of our director,directors, and or (iii) all of our officer. executive officers and directors as a group.

Unless otherwise indicated the stockholderbelow, to our knowledge, all persons listed possessesbelow have sole voting and investment power with respect to their shares of voting stock, except to the shares shown.


Title of Class
Name and Address of
Beneficial Owner
Amount and Nature of 
Beneficial Ownership
Percentage
Common Stock
Bojana Banjac
2780 So. Jones Blvd. #3752
Las Vegas, Nevada 89146
5,000,000 shares of common stock (direct)100%
(1) A beneficial ownerextent authority is shared by spouses under applicable law. Unless otherwise indicated below, each entity or person listed below maintains an address of86-90 Paul Street London, England EC2A 4NE.

The number of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if,each stockholder is determined under rules promulgated by the SEC. The information is not necessarily indicative of beneficial ownership for example, persons shareany other purpose. Under these rules, beneficial ownership includes any shares as to which the individual or entity has sole or shared voting or investment power and any shares as to votewhich the individual or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the personentity has the right to acquire the shares (for example, upon exercise of an option)beneficial ownership within 60 days ofthrough the date as of which the information is provided. In computing the percentage ownershipexercise of any person,stock option, warrant or other right. The inclusion in the amountfollowing table of those shares, outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this tablehowever, does not necessarily reflectconstitute an admission that the person’s actual ownershipnamed stockholder is a direct or indirect beneficial owner.

  Common Stock
Name and Address of Beneficial Owner Number of Shares
Owned (1)
  Percent of Class (2)
Adam Taylor  0   0%
Johanne Ellis  0   0%
All Directors and Executive Officers as a Group (1 person)  0   0%
5% Holders       

Jose Del La Cruz

64 Rue Vieille Du Temple

Paris, France 75004

  10,000,000   8%

Gimwork Project LP(3)

SL014174 78 Montgomery St. Suite 6

Scoltand

Edinburg EH7 5JA

  78,700,000   59%

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1)     Unless otherwise indicated, each person or entity named in the table has sole voting power and investment power (or shares that power with that person’s spouse) with respect to the number ofall shares of commonvoting stock actually outstanding on the date of this prospectus . As of the date of this prospectus , there were 5,000,000 shares of our common stock issuedlisted as owned by that person or entity.

(2)     Pursuant to Rules 13d-3 and outstanding.

A total of 5,000,000 shares of common stock were issued to our sole officer and director, all of which are restricted securities, as defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Securities Act. Under Rule 144, the shares can be publicly sold, subject to volume restrictions and restrictions on the manner of sale, commencing one year after their acquisition. Shares purchased in this offering, which will be immediately resalable, and sales of all of our other shares after applicable restrictions expire, could have a depressive effect on the market price, if any, of our common stock and the shares we are offering.
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There is no public trading market for our common stock. To be quoted on the OTCBB a market maker must file an application on our behalf to make a market for our common stock. As of the date of this Registration Statement, we have not engaged a market maker to file such an application, that there is no guarantee that a market marker will file an application on our behalf, and that even if an application is filed, there is no guarantee that we will be accepted for quotation. Our stock may become quoted, rather than traded, on the OTCBB.
There are no outstanding options or warrants to purchase, or securities convertible into, our common stock. There is one holder of record for our common stock. The record holder is our President and sole director who owns 5,000,000 restricted shares of our common stock.
PLAN OF DISTRIBUTION
Blue Fashion Corp. has 5,000,000 shares of common stock issued and outstanding as of the date of this prospectus. The Company is registering an additional of 9,000,000 shares of its common stock for sale at the price of $0.01 per share. There is no arrangement to address the possible effect of the offering on the price of the stock.
Company Director Ms. bojana Banjac will deliver prospectuses to these individuals and to others who she believes might have interest in purchasing part of this offering. In order to buy shares you must complete and execute the subscription agreement and return it to the Company Address: 2780 So. Jones Blvd. #3752 Las Vegas, Nevada 89146. We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours after we receive them.
In connection with the Company’s selling efforts in the offering, Bojana Banjac will not register as a broker-dealer pursuant to Section 1513d-5 of the Exchange Act, but rather will relybeneficial ownership includes any shares as to which a shareholder has sole or shared voting power or investment power, and also any shares which the shareholder has the right to acquire within 60 days, including upon exercise of common shares purchase options or warrants. The percent of class is based on 132,900,000 voting shares as of March 13, 2018.

(3)      Gimwork Project LP is beneficially owned by Michael Heiberg and Rasmus Refer.

DESCRIPTION OF SECURITIES

The following descriptions are summaries of the “safe harbor”material terms that are included in our amended and restated articles of incorporation (as amended) and our bylaws (as amended) as well as the specific agreements such descriptions relate to. This summary is qualified in its entirety by the specific terms and provisions contained in our restated articles of incorporation, bylaws and the specific agreements described herein, copies of which we have filed as exhibits to the registration statement of which this prospectus is a part, and by the provisions of SEC Rule 3a4-1, promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Generally speaking, Rule 3a4-1 provides an exemption from the broker-dealer registration requirements of the Exchange Act for persons associated with an issuer that participate in an offering of the issuer’s securities. Ms. Banjac is not subject to any statutory disqualification, as that term is defined in Section 3(a)(39) of the Exchange Act. Ms. Banjac will not be compensated in connection with his participation in the offering by the payment of commissions or other remuneration based either directly or indirectly on transactions in our securities.

Ms. Banjac is not, nor has she been within the past 12 months, a broker or dealer, and she is not, nor has she been within the past 12 months, an associated person of a broker or dealer. At the end of the offering, Ms. Banjac will continue to primarily perform substantial duties for the Company or on its behalf otherwise than in connection with transactions in securities. Ms. Banjac will not participate in selling an offering of securities for any issuer more than once every 12 months other than in reliance on Exchange Act Rule 3a4-1(a)(4)(i) or (iii).
BLUE FASHION CORP. will receive all proceeds from the sale of the 5,000,000 shares being offered. The price per share is fixed at $0.01 for the duration of this offering. Although our common stock is not listed on a public exchange or quoted over-the-counter, we intend to seek to have our shares of common stock quoted on the Over-the Counter Bulletin Board. In order to be quoted on the OTC Bulletin Board, a market maker must file an application on our behalf in order to make a market for our common stock. There can be no assurance that a market maker will agree to file the necessary documents with FINRA, nor can there be any assurance that such an application for quotation will be approved. However, sales by the Company must be made at the fixed price of $0.01 until a market develops for the stock.
The Company will not offer its shares for sale through underwriters, dealers, agents or anyone who may receive compensation in the form of underwriting discounts, concessions or commissions from the Company and/or the purchasers of the shares for whom they may act as agents. The shares of common stock sold by the Company may be occasionally sold in one or more transactions; all shares sold under this prospectus will be sold at a fixed price of $0.01 per share.

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DESCRIPTION OF SECURITIES
GENERAL
applicable law.

Overview

Our authorized capital stock consists of 75,000,000250,000,000 shares of common stock, par value $0.001 per share. Our Articles of Incorporation do not authorized us to issue and preferred stock. As of January 31, 2013,the date of this Prospectus, there were 5,000,000132,900,000 shares of our common stock issued and outstanding that was held by one registered stockholder of record, and no shares of preferred stock issued and outstanding.

COMMON STOCK
The following is a summary of the material rights and restrictions associated with our common stock.

Common Stock

The holders of our common stock currently have (i) equal ratable rights to dividends from funds legally available therefore, when, as and if declared by the Board of Directors of the Company; (ii) are entitled to share ratably in all of the assets of the Company available for distribution to holders of common stock upon liquidation, dissolution or winding up of the affairs of the Company (iii) do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights applicable thereto; and (iv) are entitled to one non-cumulative vote per share on all matters on which stock holders may vote. All shares of common stock now outstanding are fully paid for and non-assessable and all shares of common stock which are the subject of this offering, when issued, will be fully paid for and non-assessable. Please refer to the Company’s Articles of Incorporation, Bylaws and the applicable statutes of the State of Nevada for a more complete description of the rights and liabilities of holders of the Company’s securities.

Registration Rights

In connection with the Note Financings, we entered into registration rights agreements with EMA and Auctus. The agreements required us to file a registration statement with the Securities and Exchange Commission in connection with shares underlying the EMA Note and Auctus Note. We are filing this registration statement to maintain the registered status of those shares underlying the EMA Note and Auctus Note.

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ANTI-TAKEOVER LAW
Currently, we have no Nevada shareholders and since this offering will not be made in the State of Nevada, no shares will be sold to its residents. Further, we do not do business in Nevada directly or through an affiliate corporation and we do not intend to do so. Accordingly, there are no anti-takeover provisions that have the affect of delaying or preventing a change in our control.
DIVIDEND POLICY

Dividend Policy

We have never declared or paid any cash dividends on our common stock.  We currently intend to retain future earnings, if any, to finance the expansion of our business. As a result, we do not anticipate paying any cash dividends in the foreseeable future.

Options

We do not have any outstanding options or warrants to purchase shares of our common stock.

Certain Anti-Takeover Provisions

Nevada Revised Statutes sections 78.378 to 78.379 provide state regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation or bylaws of the corporation provide that the provisions of these sections do not apply. Our articles of incorporation and bylaws do not state that these provisions do not apply. The statute creates a number of restrictions on the ability of a person or entity to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt, among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more stockholders, at least 100 of whom are stockholders of record and residents of the State of Nevada; and does business in the State of Nevada directly or through an affiliated corporation. Because of these conditions, the statute currently does not apply to our company.

Listing of Common Stock

Our common stock is currently traded on the OTCQB under the trading symbol “DRNG.”

Transfer Agent and Registrar

The transfer agent and registrar of our common stock is Island Stock Transfer.

INTERESTS OF NAMED EXPERTS

No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, a substantial interest, direct or indirect, in the registrant or any of its parents or subsidiaries. Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.

The Doney Law Firm, our independent legal counsel, has provided an opinion on the validity of our common stock.

KLJ & Associates, LLP has audited our financial statements included in this prospectus and registration statement to the extent and for the periods set forth in their audit report. KLJ & Associates, LLP has presented their report with respect to our audited financial statements. The report of KLJ & Associates, LLP is included in reliance upon their authority as experts in accounting and auditing. 

Our current auditor is L&L CPAs, PA.

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION

FOR SECURITIES ACT LIABILITIES

Our Articles.

Insofar as indemnification for liabilities arising under the Securities Act of Incorporation provide that we will indemnify an officer, director, or former officer or director,1933 may be permitted to our directors, officers and controlling persons pursuant to the full extent permitted by law. Wefollowing provisions, or otherwise, we have been advised that in the opinion of the SEC,Securities and Exchange Commission such indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by one of oursuch director, officers,officer or controlling personsperson in connection with the securitiesshares being registered, we will, unless in the opinion of our legalits counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction. Wejurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will then be governed by the court’s decision.final adjudication of such issue.

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INTERESTSDESCRIPTION OF NAMED EXPERTS AND COUNSEL
No "expert"BUSINESS

Overview

We are an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. The solution is app-based and includes a drone, infrared camera, and Android mobile app component: once an alarm has been triggered, the DroneGuarder™ will immediately take off from a wireless charging pad. The camera within the drone will record video for a few seconds, process it and then send an alert if a threat is found, which the DroneGuarder™ app sends in the form of a text, image or "counsel" as definedshort recorded video if supported by Item 509 of Regulation S-K promulgated pursuantthe GSM network. The DroneGuarder™ can fly for up to 20 minutes, using GPS to navigate in its preprogrammed areas and return back to its charging pad after completing surveillance.

Once an alarm has been triggered the drone will instantly leave its charging pad and fly to the Securities Act, whose services were useddestination where the alarm was activated, or any other predefined destination programmed for the specific alarm. The infrared (IR) camera will recognize any human movement night or day, and stream it directly to the smartphone that is connected to the drone when the app is open and the user is on that screen, recording all activity. On this drone and all drones from DJI, simultaneous action is not possible. The video must end before the phone can do other things. This is because if the video goes into the background, the video will stop and the drone will immediately return. All homes or businesses are great candidates for the drone alarm system as it is compatible with standard surveillance cameras and movement detectors. Each sensors GPS position has been registered in the preparationdrone with a smartphone, so it knows exactly where to go.

The solution is expected to come as a packaged solution that can be tailored to fit the requirements of an individual security installation company and will be sold to U.S. based companies that provide security solutions for private homes, gated communities and construction sites. The solution is designed to be flexible enough to integrate into all existing security solutions that a gated community or private home might already have, as well incorporate add-ons with extra features if needed. The targeted markets include the USA, Canada, Europe, South Africa and the Asia-Pacific region.

Our primary revenue model is expected to consist of selling home security systems directly to the clients (e.g. homes, business, or security resellers). We plan to focus on selling to resellers, as it enables the Company to reach the widest customer base for the lowest cost. Our secondary business model is expected to be leasing home security systems for a monthly flat fee and pre-selling discounted first-versions of the product. We plan to develop our own software and acquire the hardware needed from a third party in an attempt to lower expenses.

We have recently decided to pursue an agreement with a Chinese company to develop our drone hardware. We expect this agreement to be completed in the coming weeks. This will delay our final prototype, but we have completed the AI portion of the system. In addition, our new App is expected to be launched in June 2018.

The App is a key component of our security solution with our proprietary functionality built into the App controlled by a customer’s iPhone or iPad. The performance includes “Patrol” where a customer clicks the Patrol button on the App and the drone autonomously patrols the entire grid of the customer’s property using pre-designated GEO Fencing GPS weigh points that stream a real-time video feed back to the phone or tablet via the App.

Our new App will have a function called “Go Home” where at any time a customer can call the drone back to its home wireless charging base, normally located on the roof of the home or business. Additionally, we have a live weather function on the App and other abilities that are all part of the Drone Guarder App platform.

Security System Setup

The drone security system customer (hereafter known as the “Customer”) buys a security system either in parts or as a package. There are two apps within the system: a controller app for the Android used as a home base for IoT that can only receive alarms from IoT, send messages and control the drone, and a presenter app for Android and iOS that can receive messages from the controller app, see video from the drone (via the sky) and send controls to the drone via the controller app. The Customer then downloads the security system Android app (hereafter known as the Controller App) from the Google Play Store on to an Android phone that is part of the security system, i.e., it must not leave the WiFi network it is connected to. If this happens, the Controller App must present a message saying that it has lost access to the home security WiFi network. Then, the customer downloads the presenter app from either the Google Play Store (for Androids) or the Apple Store.

26

The Customer is then able to perform the following actions:

1. The Customer is able to connect to the cloud service which is the backend of the Apps (we will need to confirm this with our web developer). Prior to the app download the Customer must have purchased a subscription from the website. In-App purchases are not available and must be done beforehand. The Apps must immediately offer a login window to the web service so that the Customer can be authorized.

2. The Customer is then able to connect to the home WiFi system. This is compulsory for the steps that follow.

3. The IoT device system is discoverable over WiFi (it usually broadcasts a second WiFi signal) and the user must connect the Controller App to the IoT system (similar to Chromecast) and then authorize themselves. This is part of the web service setup done separately and will use the same username and password used when purchasing the subscription. This connection window has options including error messages and contact options in case of errors.

4. Then the Apps must connect to the drone via its controller (only DJI Maveric Pro is supported). A connection window is then shown showing success or failure.

5. The Apps are finally ready for service.

6. The Apps will push notifications of ALIVE configurable as to the number of minutes to show that it is still connected to the drone and security system. Will push error notifications also.

7. The Customer will then select up to 5 phone numbers and 5 email addresses that they will receive alerts at (does not include livestream). The Apps may be programmed to choose the most common email addresses or phone numbers to send messages to them first. However, they do not have the capability to reply to messages or emails.

Sensor System Setup

The Customer starts up the Apps in Sensor Setup mode. This must be done at least once in order for the system to operate correctly. This can be removed from the other setup steps; however, if not done, the drone will not operate and all alerts from the sensors will be directly alerted to the Customer on the phone numbers and email addresses they have set up in their contact list.

The Customer shall then set up their Location settings to authorize the Apps to access the Location while active. Then they shall use this phone and take it to each sensor location and press a button to add that sensor location with a unique ID (indoors might be an issue so if there are no GPS coordinates, an error will be displayed when trying to add that location. Also if the GPS coordinate is identical to a previous sensor location, another error will be thrown).

Once all are added, the Customer shall be able to close the sensor setup and restart the Apps. Such a message must be displayed. The Customer shall then be able to see all sensors on a map and manually draw a path between them that is clear of obstacles. A third party Maps API will be used.

Patrol Mode

The Customer is able to set a patrol mode where the drone will patrol the home. This cannot be more frequent that once an hour since the battery takes time to charge for the drone. The Customer is able to see time remaining for drone charge and to cancel a patrol if needed. On patrol, the Customer is able to see images if he or she wants. By default this is turned OFF so that all the Customer gets is an “All is Well!” message or similar. The drone will patrol the home area and return if battery is low or it is called back or if the patrol is complete.

27

Alert Mode

The Customer receives an alert notification that a sensor has been breached on the Android device connected to the home network. The Apps then will display a message on screen and in addition, it must send a message to all other devices registered with the Apps. It must receive messages from the drone and process the images and must format the images and send them to registered devices if configured to do so.

Research and Development Pipeline

Our research and development pipeline currently includes the development and testing of our drone product, website and software. We are approximately four weeks away from completing the first prototype of the drone.

Our Strategy

Our aim is to be the leading security and surveillance company focused on commercializing an innovative drone-enhanced home security system as a turnkey solution, generated from our research and development activities for developing a prototype of the drone and the software.

• Strategically collaborate.

We intend to seek to collaborate with security and surveillance providers/resellers for commercialization of our drone enhanced security systems to security and surveillance providers/resellers.

• Highly leverage external talent and resources.

We plan to maintain strong talent internally having expertise in our core areas of focus and as needed to execute efficiently on our development and business objectives. We operate by conducting in house development on critical elements in our drone software, while forming strategic alliances around novel technologies and outsourcing generic development activities to established contract organizations. We plan to continue to rely on the very extensive experience of our management team to execute on our objectives.

• Evaluate commercialization strategies in order to maximize the value of our products or future potential products.

As we progress our product through development toward commercialization, we plan to evaluate several options for the product’s commercialization strategy. These options include building our own internal sales force; entering into a joint marketing partnership with another security and surveillance company, whereby we jointly sell and market the product; and out-licensing our product, whereby another security and surveillance company sells and markets our product and pays us a royalty on sales. Our decision will be based on a number of factors including capital necessary to execute on each option, size of the market to be addressed and terms of potential offers from other security and surveillance companies. It is too early for us to know which of these options we will pursue for our products, assuming their successful development.

Patents and Intellectual Property Rights

We do not currently possess any patents of our own; however, we rely on the intellectual property rights of the existing technologies as well as our trade secrets in order to protect our proprietary drone enhanced security product assets and associated technologies.

Employees

As of the date of this Form S-1,Prospectus, we have 2 employees, our Chief Executive Officer and Chief Operating Officer. The programming team is currently being outsourced as it keeps operational cost to the bare minimum until the Company has raised the necessary funds to hire the remainder of our personnel.

28

Description of Property

Currently, we do not own any real estate. Our principal executive offices are located at86-90 Paul Street London, England EC2A 4NE. Our lease on this property is $12,000 per month. We believe that our properties are adequate for our current needs, but growth potential may require larger facilities due to anticipated addition of personnel. We do not have any policies regarding investments in real estate, securities or other forms of property.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of operations for the three and nine months ended October 31, 2017 and 2016

We have not earned any revenues since our inception on May 14, 2012. We do not expect to generate any revenue until we have successfully marketed and sold our drone security system.

We incurred operating expenses in the amount of $91,117 for the three months ended October 31, 2017, as compared with $4,258 for the same period ended 2016. Our operating expenses for the three months ended October 31, 2017 were mainly attributable to management compensation of $75,000 professional fees of $9,559 and general and administrative expenses of $5,476, whereas our operating expenses for the three months ended October 31, 2016 were mainly attributable to professional fees of $3,556 and general and administrative expenses of $650.  

We incurred operating expenses in the amount of $175,391 for the nine months ended October 31, 2017, as compared with $21,887 for the same period ended 2016. Our operating expenses for the nine months ended October 31, 2017 were mainly attributable to management compensation of $101,900, professional fees of $52,420, and general and administrative expenses of $15,965, whereas our operating expenses for the nine months ended October 31, 2016 were mainly attributable to professional fees of $18,588 and general and administrative expenses of $3,143.  

We expect our operating expenses to increase in future quarters, as we take more steps to advance our business plan.

We incurred other income of $102,751 and other expenses of $937 for the three months ended October 31, 2017 and 2016, respectively. We incurred other income of $95,925 and other expenses of $2,812 for the nine months ended October 31, 2017 and 2016, respectively.

Our positive other income for the three and nine months ended October 31, 2017 is the result of a change in derivative liabilities.

We incurred net income in the amount of $11,634 for the three months ended October 31, 2017, as compared with a net loss of $5,195 for the same period ended 2016. We incurred a net loss in the amount of $79,466 for the nine months ended October 31, 2017, as compared with a net loss of $24,699 for the same period ended 2016.

Results of Operations for the Years Ended January 31, 2017 and 2016

Revenues

We have not earned any revenues since our inception on May 14, 2012. We have been unable to raise capital to develop our technological solutions and we are currently looking for other business opportunities to generate revenues. We we can provide no assurance that we will generate revenues from our new drone surveillance business to sustain a viable business operation.

Expenses

We incurred operating expenses in the amount of $43,890 for the year ended January 31, 2017, as compared with $80,570 for the same period ended 2016. Our operating expenses for the year ended January 31, 2017 mainly consisted of professional fees of $32,594, consulting fees of $5,400 and general and administrative expenses of $5,668, as compared with rent of $58,500 and professional fees of $17,844 for the year ended January 31, 2016.

29

We incurred interest expenses of $4,017 for the year ended January 31, 2017, as compared with interest expenses of $1,965 for the year ended January 31, 2016. Our interest expenses increased in 2017 was hireda result of taking on more debt.

We had an impairment of $10,000 related to intellectual property acquired from our majority shareholder for the year ended January 31, 2016. Aside from above, we had no other significant expenses in 2017.

Net Loss

We incurred a net loss in the amount of $47,907 for the year ended January 31, 2017, as compared with a net loss of $92,535 for the same period ended 2016. Our losses for each period are attributable to operating expenses together with a lack of any revenues. 

Liquidity and Capital Resources

As of October 31, 2017, we had current assets of $117,787 and total assets of $146,999. Our total current liabilities as of October 31, 2017 were $329,284. As a result, we had a working capital deficit of $211,497 as of October 31, 2017.

Operating activities used $185,789 in cash for the nine months ended October 31, 2017, as compared with $5,976 for the nine months ended October 31, 2016. Our negative operating cash in 2017 flow was mainly the result of our net loss for the period a change in derivative liabilities. We primarily relied on cash from loans to fund our operations during the period ended October 31, 2017. 

Investing activities used $29,150 in cash for the nine months ended October 31, 2017, as compared with $0 for the three months ended October 31, 2016. Our negative investing cash flow was related to software development of our drone technology.

Financing activities provided $330,000 in cash for the nine months ended October 31, 2017, as compared with $0 for the nine months ended October 31, 2016.

On September 18, 2017, we issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand.

On October 17, 2017, we executed the following agreements with Chicago Venture Partners, L.P. (“Chicago Ventures”): (i) Securities Purchase Agreement; (ii) Convertible Promissory Note; (iii) Membership Interest Pledge Agreement; and Warrant to Purchase Shares of Common Stock (collectively the “Chicago Venture Agreements”). We entered into the Chicago Venture Agreements with the intent to acquire working capital to grow our business.

The total face amount under the Chicago Venture Agreements is $445,000. The Convertible Promissory Note carries an original issue discount of $40,000 and a transaction expense amount of $5,000, for total debt of $445,000 (the “Debt”). On October 18, 2017, we received the initial funding of $200,000. We agreed to reserve 18,000,000 of our shares of common stock for issuance upon conversion of the Debt, if that occurs in the future. If not converted sooner, the Debt is due in nine months of issuance. The Debt carries an interest rate of ten percent (10%). The Debt is convertible, at Chicago Venture’s option, into our common stock at $0.25 per share subject to adjustment as provided for in the Convertible Promissory Note.

Chicago Venture has agreed to pledge a 60% membership interest in Typenex Medical, LLC, an Illinois limited liability company, to secure the performance of its payment obligations under the Convertible Promissory Note.

We issued to Chicago Venture a five-year warrant (the “Warrant”) to purchase shares of our common stock equal to $222,500 divided by the Market Price (as defined in the Warrant).

Despite the short term loan, we have insufficient cash to operate our business at the current level for the next twelve months and insufficient cash to achieve our business goals. The success of our business plan beyond the next 12 months is contingent basisupon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.

30

Going Concern

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate our continuation as a going concern. However, we have no revenues as of January 31, 2017. We currently have limited working capital, and have not completed our efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that we will be dependent, for the near future, on additional investment capital to fund operating expenses. We intend to position the company so that we may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that we will be successful in this or any of our endeavors or become financially viable and continue as a going concern.

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain.

Our critical accounting policies are set forth in Note 2 to the financial statements.

Recently Issued Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

Off Balance Sheet Arrangements

As of January 31, 2017, there were no off balance sheet arrangements.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other than described below or the transactions described under the heading “Executive Compensation” (or with respect to which such information is omitted in accordance with SEC regulations), there have not been, and there is not currently proposed, any transaction or series of similar transactions to which we were or will receivebe a participant in which the amount involved exceeded or will exceed the lesser of $120,000 or one percent of the average of our total assets at year-end for the last three completed fiscal years, and in which any director, executive officer, holder of 5% or more of any class of our capital stock or any member of the immediate family of any of the foregoing persons had or will have a direct or indirect interestmaterial interest.

On December 6, 2016, Gimwork Project LP paid expenses of $1,963 on our behalf. The balance due to the shareholder was $2,208 and $245 as of January 31, 2017 and January 31, 2016, respectively.

31

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our common stock is quoted under the symbol “DRNG” on the OTCQB operated by OTC Markets Group, Inc.  Only a limited market exists for our securities. There is no assurance that a regular trading market will develop, or if developed, that it will be sustained. Therefore, a shareholder may be unable to resell his securities in our company.

The following tables set forth the Company, nor was anyrange of them a promoter, underwriter, voting trustee, director, officer or employeehigh and low bid prices for our common stock for the each of the Company.

Both Legal Counselperiods indicated as reported by the OTCQB. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and Experts have no interestmay not necessarily represent actual transactions.

Fiscal Year Ending January 31, 2016
Quarter Ended High $ Low $
 January 31, 2016   0.34   0.06 
 October 31, 2015   0.29   0.18 
 July 31, 2015   0.50   0.20 
 April 30, 2015   2.00   0.25 

Fiscal Year Ending January 31, 2017
Quarter Ended High $ Low $
 January 31, 2017   0.055   0.031 
 October 31, 2016   0.0465   0.031 
 July 31, 2016   0.06   0.0465 
 April 30, 2016   0.0767   0.04 

On March 14, 2018, the last reported sale price of our common stock as reported on the OTCQB was $0.06 per share.

Penny Stock

The SEC has adopted rules that regulate broker-dealer practices in this registration statementconnection with transactions in penny stocks. Penny stocks are generally equity securities with a market price of less than $5.00, other than normal legalsecurities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and accounting fees.

29

EXPERTS

Thomas E. Puzzo, Esq.has rendered an opinionvolume information with respect to transactions in such securities is provided by the validityexchange or system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; (b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the securities laws; (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; (d) contains a toll-free telephone number for inquiries on disciplinary actions; (e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and (f) contains such other information and is in such form, including language, type size and format, as the SEC shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) a monthly account statement showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement as to transactions involving penny stocks, and a signed and dated copy of a written suitability statement.

These disclosure requirements may have the effect of reducing the trading activity for our common stock. Therefore, stockholders may have difficulty selling our securities.

32

Holders of Our Common Stock

As of the date of this Prospectus, we had 132,900,000 shares of our common stock issued and outstanding, held by thirty-five (35) shareholders of record, with others holding shares in street name.

Dividends

There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where after giving effect to the distribution of the dividend:

1.       we would not be able to pay our debts as they become due in the usual course of business, or;

2.       our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

We have not declared any dividends and we do not plan to declare any dividends in the foreseeable future.

Recent Sales of Unregistered Securities

None.

Securities Authorized for Issuance under Equity Compensation Plans

We do not have any equity compensation plans.

EXECUTIVE COMPENSATION

The table below summarizes all compensation awarded to, earned by, or paid to our former or current executive officers for the fiscal years ended January 31, 2018 and 2017.

SUMMARY COMPENSATION TABLE 
Name and principal positionYearSalary ($)

Bonus

($)

Stock

Awards

($)

Option

Awards

($)

Non-Equity

Incentive Plan

Compensation

($)

Nonqualified

Deferred

Compensation

Earnings ($)

All Other

Compensation

($)

Total

($)

Jorgen Frederiksen

Former Chief Executive Officer, Chief Financial Officer and Director

2018

2017

n/a

n/a

n/a

0

n/a

0

n/a

0

 n/a

0

n/a

0

n/a

0

n/a

0

Adam TaylorChief Executive Officer, Chief Financial Officer and Director

2018

2017

$50,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Johanne Ellis

Chief Operating Officer

2018

2017

     $36,000

n/a 

n/a

n/a

n/a

n/a

n/a

n/a

 n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

33

Narrative Disclosure to the Summary Compensation Table

Effective February 12, 2018, the Company entered into an employment agreement with Johanne Ellis. Under the agreement, the Company agreed to compensate Ms. Ellis $36,000 annually.

Effective May 3, 2017, the Company entered into an employment agreement with Adam Taylor. Under the agreement, the Company agreed to compensate Mr. Taylor $36,000 annually and provide him with 10 million shares of common stock, covered by this prospectus.

KLJ & Associates, LLP Certified Public Accountant has audited our financial statements included in this prospectus and registration statement toif the extent and for the periods set forth in their audit report. KLJ & Associates, LLP, has presented its report with respect to our audited financial statements.
AVAILABLE INFORMATION
We have not previously been required to comply with the reporting requirements of the Securities Exchange Act. We have filed with the SEC a registration statement on Form S-1 to register the securities offered by this prospectus. For future information about us and the securities offered under this prospectus, you may refer to the registration statement and to the exhibits filed as a part of the registration statement. In addition,Company’s renews after the effective datefirst year.

The table below summarizes all unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer as of this prospectus, we will be required to file annual, quarterly and current reports, or other information with the SEC as provided by the Securities Exchange Act. You may read and copy any reports, statements or other information we file at the SEC’s public reference facility maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. You can request copies of this documents, upon payment of a duplicating fee, by writing to the SEC. Please call the SEC at 1-800-SEC-0330 for further information on the operation of the public reference room. Our SEC filings are also available to the public through the SEC Internet site at www.sec.gov.

FINANCIAL STATEMENTS
The financial statements of  BLUE FASHION CORP. for the period ended January 31, 2013, and related notes, included in this prospectus have been audited by, and have been so included in reliance upon the opinion of such accountants given upon their authority as an expert in auditing and accounting.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
We have had no changes in or disagreements with our independent registered public accountant.
30

BLUE FASHION CORP.

INDEX TO FINANCIAL STATEMENTS

2018.

ReportOUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
OPTION AWARDSSTOCK AWARDS

Name

Number of Independent Registered Public Accounting Firm

Securities

Underlying

Unexercised

Options

(#)

Exercisable

Number of

Securities

Underlying

Unexercised

Options

(#)

Unexercisable

Equity

Incentive

Plan

Awards:

Number of

Securities

Underlying

Unexercised

Unearned

Options

(#)

F-2

Option

Exercise

Price

($)

Option

Expiration

Date

Number

of

Shares

or Units

of

Stock That

Have

Not

Vested

(#)

Market

Value

of

Shares

or

Units

of

Stock

That

Have

Not

Vested

($)

Equity

Incentive

Plan

Awards:

Number

of

Unearned

Shares,

Units or

Other

Rights

That Have

Not

Vested

(#)

Equity

Incentive

Plan

Awards:

Market or

Payout

Value of

Unearned

Shares,

Units or

Other

Rights

That

Have Not

Vested

(#)

Adam Taylor---------
Johanne Ellis---------
     
Financial StatementsF-3
     

Director Compensation

We do not pay any compensation to our directors at this time. However, we reserve the right to compensate our directors in the future with cash, stock, options, or some combination of the above.

34

FINANCIAL STATEMENTS

Index to Financial Statements Required by Article 8 of Regulation S-X:

Unaudited Financial Statements: 
F-1Balance Sheet –Sheets as of October 31, 2017 and January 31, 20132017;
F-2Statements of Operations for three and nine months ended October 31, 2017;
F-3Statements of Cash Flows for nine months ended October 31, 2017 and 2016; and
F-5Notes to Financial Statements.

Audited Financial Statements: 
F-9Report of Independent Registered Public Accounting Firm;
F-10Balance Sheets as of January 31, 2017 and 2016;
F-11Statements of Operations for the years ended January 31, 2017 and 2016;
F-12Statement of Stockholders’ Equity as of January 31, 2017;
F-13Statements of Cash Flows for the years ended January 31, 2017 and 2016; and
F-14Notes to Financial Statements.

35 

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

BALANCE SHEETS

  

 

October 31, 2017 (unaudited)

 

 

January 31, 2017 (audited)

ASSETS       
Current Assets       
Cash and cash equivalents $117,787  $2,726
        
Total Current Assets  117,787   2,726
        
Fixed Assets       
    Furniture and Equipment  1,050   1,050
    Accumulated Depreciation  (988)  (832)
Total Fixed Assets  62   218
        
Investment in intellectual property  29,150   —  
        
Total Assets $146,999  $2,944
        
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)       
Liabilities       
Current Liabilities       
Accrued expenses $6,321  $16,875
Accrued interest  18,318   6,180
Convertible note payable, net of debt discount of $182,819   42,181   —  
Promissory notes payable  192,500   62,500
Advances from related party  18,000   18,000
Due to shareholder  2,208   2,208
Derivative Liability  49,756    
        
Total Liabilities  329,284  $105,763
        
Stockholders’ Equity (Deficiency)       
Common stock, par value $0.001; 250,000,000 shares authorized, 132,900,000 (January 31, 2017 – 132,900,000) shares issued and outstanding  132,900   132,900
Additional paid in capital  73,123   73,123
Deficit accumulated  (388,308)  (308,842)
Total Stockholders’ Equity (Deficiency)  (182,285)  (102,819)
        
Total Liabilities and Stockholders’ Equity $146,999  $2,944

The accompanying notes are an integral part of these condensed financial statements.

F-1

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

STATEMENTS OF OPERATIONS (Unaudited)

  

Three Months

Ended

October 31, 2017

 

Three Months

Ended

October 31, 2016

 

Nine Months

Ended

October 31, 2017

 

Nine Months

Ended

October 31, 2016

         
REVENUES $  $  $  $
               
OPERATING EXPENSES               
Depreciation Expense  52   52   156   156
General and administrative  5,476   650   15,965   3,143
Bank fees  330   —     1,050   —  
Consulting fees  700   —     3,900   —  
Management compensation  75,000   —     101,900   —  
Professional fees  9,559   3,556   52,420   18,588
                
TOTAL OPERATING EXPENSES  91,117   4,258   175,391   21,887
                
LOSS FROM OPERATIONS  (91,117)  (4,258)  (175,391)  (21,887)
                
OTHER INCOME (EXPENSE)               
Interest Expense  (5,312)  (937)  (12,138)  (2,812)
Amortization of debt discount  (10,754)  —     (10,754)  —  
Change in derivative liability  118,757   —     118,817   —  
TOTAL OTHER INCOME (EXPENSE)  102,751   (937)  95,925   (2,812)
                
PROVISION FOR INCOME TAXES  —     —     —     —  
                
NET INCOME (LOSS) $11,634  $(5,195) $(79,466) $(24,699)
                
NET LOSS PER SHARE: BASIC AND DILUTED  *   *   *   *
                
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (as adjusted for 20-1 forward stocks split)  132,900,000   132,900,000   132,900,000   132,900,000

* Less than $0.00 per share 

The accompanying notes are an integral part of these condensed financial statements.

F-2

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

STATEMENTS OF CASH FLOWS (Unaudited)

  

Nine Months Ended

October 31, 2017

 

Nine Months Ended

October 31, 2016

CASH FLOWS FROM OPERATING ACTIVITIES       
Net loss for the period $(79,466) $(24,699)
Adjustments to reconcile net loss to net cash (used in) operating activities:       
Depreciation Expense  156   156
Amortization of debt discount  10,754   —  
Change in derivative liability  (118,817)  —  
Changes in assets and liabilities:       
Increase (decrease) in accrued expenses  (10,554)  15,755
      Increase in accrued interest  12,138   2,812
      Increase in accrued rent  —     —  
        
CASH FLOWS USED IN OPERATING ACTIVITIES  (185,789)  (5,976)
         
CASH FLOWS FROM INVESTING ACTIVITIES        
Investment in intellectual property  (29,150)  —  
CASH FLOWS USED BY INVESTING ACTIVITIES  (29,150)  — 
         
CASH FLOWS FROM FINANCING ACTIVITIES       
Proceeds from convertible note payable  200,000   —  
Proceeds from promissory note payable  130,000   —  
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES  330,000   —  
        
NET INCREASE (DECREASE) IN CASH  115,061   (5,976)
Cash, beginning of period  2,726   5,976
Cash, end of period $117,787  $—  
        
SUPPLEMENTAL CASH FLOW INFORMATION:       
Interest paid $—    $—  
Income taxes paid $—    $—  
NON-CASH TRANSACTIONS:       
Forgiveness of loans from director $—    $—  
Issuance of shares for intellectual property $—    $—  

 The accompanying notes are an integral part of these condensed financial statements.

 F-3 
StatementTable of Operations – May 14, 2012 through January 31, 2013F-4
Statement of Stockholders’ Equity (Deficit) – May 14, 2012 through January 31, 2013F-5
Statement of Cash Flows – May 14, 2012 through January 31, 2013F-6
Notes to Financial StatementsF-7Contents 

F-1

REPORT

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

OCTOBER 31, 2017

NOTE 1 – ORGANIZATION AND NATURE OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and
Stockholders of Blue Fashion Corp.
We have audited the accompanying balance sheet ofBUSINESS

Drone Guarder, Inc. (Formerly Vopia, Inc.) was incorporated as Blue Fashion Corp. under the laws of the State of Nevada on May 14, 2012.  The Company is an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. On August 5, 2014, the Company changed its name to Vopia, Inc. On March 24, 2017, the Company changed its name to Drone Guarder, Inc.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of January 31, 2013, and the relatedPresentation

The accompanying unaudited interim financial statements of operations, stockholders’ equity, and cash flows for the period May 14, 2012 (inception) through January 31, 2013. Blue Fashion Corp’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our auditDrone Guarder, Inc. have been prepared in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Blue Fashion Corp. as of January 31, 2013 and the results of its operations and its cash flows for the period from May 14, 2012 (inception) through January 31, 2013 in conformity with accounting principles generally accepted in the United States of America.
The accompanyingAmerica and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements have been prepared assuming thatand notes thereto contained in the Company will continue as a going concern. As discussed in Note 7 toCompany’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements the Company had accumulated deficit of $727 as of January 31, 2013, which raises substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 7. The financial statements dobe not include any adjustments that might result from the outcome of this uncertainty.
/s/ KLJ & Associates, LLP
KLJ & Associates, LLP
Schaumburg, Illinois
April 19, 2013
F-2


Blue Fashion Corp.
(A Development Stage Company)
Balance Sheet
ASSETS January 31, 2013 
    
Current Assets   
Cash and cash equivalents $9,846 
     
Total Current Assets  9,846 
     
Fixed Assets    
Furniture and equipment  1,050 
     
Total Fixed Assets  1,050 
     
Total Assets $10,896 
     
LIABILITIES AND SHAREHOLDERS’ EQUITY    
     
Current Liabilities    
Accrued expenses $- 
Loan from director  6,623 
     
Total Liabilities  6,623 
     
Stockholders’ Equity    
Common Stock, par value $.001; 75,000,000 shares authorized, 5,000,000 shares issued and outstanding  5,000 
Additional paid-in capital  - 
Deficit accumulated during the development stage  (727)
     
Total Stockholders’ Equity  4,273 
     
Total Liabilities and Stockholders’ Equity $10,896 
The accompanying notes are an integral part of these financial statements.
F-3


Blue Fashion Corp.
(A Development Stage Company)
Statement of Operations
For the Period from May 14, 2012 (Inception) to January 31, 2013

  For the period from May 14, 2012 (Inception) to January 31, 2013 
Revenues $- 
     
Operating Expenses    
Business license and permits  715 
Bank fees  12 
General and administrative expenses  - 
     
Total Operating Expenses  727 
     
Net Loss From Operations  727 
     
Provision for Income Taxes  - 
     
Net Loss $727 
     
Net Loss Per Share: Basic and diluted $(0.00)
     
Weighted-average number of common shares outstanding: Basic and diluted  5,000,000 
The accompanying notes are an integral part of these financial statements.
F-4

Blue Fashion Corp.
(A Development Stage Company)
Statements of Stockholders’ Equity
For the Period from May 14, 2012 (Inception) to January 31, 2013
  Common Stock  
Additional
Paid-In
  
Deficit
Accumulated
During the
Development
  
Total
Stockholders’
 
  Shares  Amount  Capital  Stage  Equity 
                     
Inception, May 14, 2012  -  $-  $-  $-  $- 
                     
Shares issued for cash at $0.001 per share  5,000,000   5,000   -   -   5,000 
                     
Net loss for the period ended January 31, 2013  -   -   -   (727)  (727)
                     
Balance as of January 31, 2013  5,000,000  $5,000  $-  $(727) $4,273 
The accompanying notes are an integral part of these financial statements.
F-5

Blue Fashion Corp.
(A Development Stage Company)
Statements of Cash Flows
For the Period from May 14, 2012 (Inception) to January 31, 2013
  
For the Period from
May 14, 2012 (Inception) to January 31, 2013
 
Cash flows from operating activities:   
Net loss for the period $(727)
     
Adjustments to reconcile net loss to net cash (used in) operating activities:    
    Changes in operating assets and liabilities:    
Increase (decrease) in accrued expenses  - 
     
Net cash used in operating activities  (727)
     
Cash flows from investing activities:    
Furniture and equipment  (1,050)
     
Net cash provided by investing activities  (1,050)
     
Cash flows from financing activities:    
Proceeds from sale of common stock  5,000 
Loans from director  6,623 
     
Net cash provided by financing activities  11,623 
     
Net increase (decrease) in cash  9,846 
     
Cash, beginning of the period  - 
Cash, end of the period $9,846 
     
Supplemental Cash Flow Information:    
Interest paid $- 
Income taxes paid  - 
The accompanying notes are an integral part of these financial statements.
F-6

Blue Fashion Corp.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2013
NOTE 1—ORGANIZATION AND NATURE OF BUSINESS
Blue Fashion Corp. was incorporated under the laws of the State of Nevada on July 14, 2011. We are a development stage company in a business of providing exclusive agent services finding top models for fashion shows, television commercials, movies and magazines.
NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Development Stage Company
The accompanying financial statementsmisleading have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from.
Basis of Presentation
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
reflected herein.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted a January 31 fiscal year end.

Cashand Cash Equivalents

The Company considersEquivalents

The Companyconsiders all highly liquid investments with the original maturities of three months highly liquidinvestments withthe originalmaturitiesofthreemonths or less lesstobe cash equivalents.cashequivalents. The Company had $9,846$117,787 and $2,726 of cash as of October 31, 2017 and January 31, 2013.

2017, respectively.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

F-4
F-7

Blue Fashion Corp.

DRONE GUARDER, INC.

(A Development Stage Company)

Notes to Financial Statements
JanuaryFORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

OCTOBER 31, 2013

2017

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of October 31, 2017.

Comprehensive Income

The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.

Recent Accounting Pronouncements

Drone Guarder, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

NOTE 3 – INVESTMENT IN INTELLECTUAL PROPERTY

On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $10,000.

On February 24, 2017, the Company paid $20,000 as an initial payment toward software development related to the Drone Guarder technology . In addition, the Company has paid $ 9,150 in additional software development costs to October 31, 2017.

NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER

On May 11, 2012, a director loaned $381 to incorporate the Company.

On November 1, 2012, a director loaned the Company $192 to purchase a business license and file an initial list with Nevada Secretary of State.

On November 6, 2012, a director loaned $5,000 to the Company for business expenses.

On January 23, 2014, a director loaned $1,050 to purchase a Nikon D7000 digital SLR camera, and an 18-55mm AF-S DX VR Nikon Zoom Lens.

The above loans are unsecured, non-interest bearing and due on demand.

On July 4, 2014, the former officer and director agreed to forgive $6,623  in loans, which was recorded as an increase in additional paid in capital.

F-5

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

OCTOBER 31, 2017

NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER (CONTINUED)

The balance due to the director was $0 and $0 as of October 31, 2017 and January 31, 2016, respectively.

On October 29, 2014, a shareholder paid expenses of $245 on behalf of the Company.

On December 6, 2016, a shareholder paid expenses of $1,963 on behalf of the Company.

The balance due to the shareholder was $2,208 and $2,208 as of October 31, 2017 and January 31, 2017, respectively.

NOTE 5 – ADVANCES FROM RELATED PARTY

On May 14, 2014 the Company received advances from a related party in the amount of $18,000. The advances areunsecured, non-interest bearing, with no specified terms of repayment.

On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of October 31, 2017 and January 31, 2017.

The balance as of October 31, 2017 and January 31, 2017 of advances from related party was $18,000 and $18,000, respectively.

NOTE 6 – NOTES PAYABLE

On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2017.

On June 24, 2015 the Company issued a promissory note payable in the amount of $12,500. The note bears interest at 10% per annum and is due on demand.

On December 10, 2015 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand.

On December 23, 2016 the Company issued a promissory note payable in the amount of $25,000. The note bears interest at 10% per annum and is due on demand.

On February 6, 2017 the Company issued a promissory note payable in the amount of $55,000. The note bears interest at 10% per annum and is due on demand.

On April 19, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand.

On May 24, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand.

On July 5, 2017 the Company issued a promissory note payable in the amount of $20,000. The note bears interest at 10% per annum and is due on demand.


F-6

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

OCTOBER 31, 2017

NOTE 6 – NOTES PAYABLE (CONTINUED)

On September 18, 2017 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand.

The balance as of October 31, 2017 and January 31, 2017 of notes payable $192,500 and $62,500, respectively.

NOTE 7 – CONVERTIBLE NOTES PAYABLE

On October 17, 2017, the Company entered into a financing arrangement in the principal amount of $445,000 consisting of a convertible promissory note and warrants to purchase common shares of the company. As of October 31, 2017, the company has borrowed $225,000 of the available balance of $ 445,000. The outstanding principal of the Note bears interest at the rate of 10% per annum and is due July 17, 2018. An original debt discount in the amount of $ 25,000 on the issuance of the note and will be amortized over the life of the note .

The Note is convertible at the option of the holder into common stock of the Company at a conversion price of $0.25 per share.  In addition, the holder of the note received warrants to purchase shares of the Company’s common stock equal to $225,000 divided by the market value of the shares on the date the financing arrangement was entered into. Upon issue, the Company recorded derivative liabilities for the conversion feature of the convertible notes and warrants, based up on the Binomial Fair Value Model and using the following assumptions:an exercise price of $0.25, our stock price on the date of grant $.12 expected dividend yield of 0%, expected volatility of 251.50, risk free interest rate of 1.25% for notes payable and 1.97% for warrants and an expected term of 0.75 years for notes payable and 5 years for warrants. .. Upon initial valuation, the derivative liability of $168,573 was recorded as a debt discount which is being amortized over the life of the note payable.

During the period ended October 31, 2017, $10,754 of the debt discount was amortized

The derivative liabilities are valued on the date of issuance of the convertible note payable and revalued at each reporting period On October 31, 2017, the Company recorded derivative liabilities for the conversion feature of the convertible notes and warrants, based up on the Binomial Fair Value Model and using the following assumptions:an exercise price of $0.25, our stock price on the date of grant $.043 expected dividend yield of 0%, expected volatility of 251.50, risk free interest rate of 1.28% for notes payable and 2.01% for warrants and an expected term of 0.75 years for notes payable and 5 years for warrants. Upon this revaluation, a derivative liability of $49,756 was recorded resulting in a change in derivative liability of $118,817 which has been recorded on the income statement of the Company for the nine months ended October 31, 2017.

NOTE8 – COMMON STOCK

The Company has 250,000,000, $0.001 par value shares of common stock authorized.

Effective September 9, 2014 the Company’s board of directors and majority of its shareholders approved a 20 for 1 forward split of the Company’s common stock.

On January 2, 2013, the Company issued 100,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share.

On October 25, 2013, the Company issued 30,900,000 shares of common stock for cash proceeds of $15,450 at $0.01 per share.

On July 4, 2014, the Company issued 2,000,000 shares of common stock with a deemed value of $10,000 for intellectual property.

On August 5, 2014, the Company amended its Articles of Incorporation to increase its authorized share capital to 250,000,000, $0.001 par value shares of common stock.

There were 132,900,000 shares of common stock issued and outstanding as of October 31, 2017.

F-7

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

OCTOBER 31, 2017

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Gimwork Project LP agreed to provide office space without charge until 2015. The Company was required to pay the monthly rent of $4,500 starting in 2015. Rent expense of $58,500 was recorded as of January 31, 2016. The related party has agreed to waive accrued rent of $ 58,500 as of January 31, 2016. The forgiveness of rent was recorded as an increase in additional paid in capital. As of February 1, 2016, no additional rent expense has been charged to the company.

Effective May 3, 2017, the Company entered into an employment agreement with its new chief executive officer. Under the agreement, the Company agreed to compensate the officer $36,000 annually and to provide him with 10 million shares of common stock, if the agreement is renewed after the first year.

NOTE 10 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had no revenues as of October 31, 2017. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 11 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to October 31, 2017 through the date these financial statements were issued and has determined that, aside from that set forth below, it does not have any material subsequent events to disclose in these financial statements.

F-8

NC Office

19720 Jetton Road, 3rd Floor

Cornelius, NC 28031

Tel: 704-897-8336

Fax: 704-919-5089

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and

Drone Guarder, Inc. (Formerly Vopia, Inc.)

We have audited the accompanying balance sheets of Drone Guarder, Inc. (“the Company”) as of January 31, 2017 and 2016 the related statement of operations, stockholders’ deficit, and cash flow for the years ended January 31, 2017 and 2016. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of January 31, 2017 and 2016, and the results of its operations, changes in stockholders’ deficit and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has suffered recurring operating losses, has an accumulated stockholders’ deficit, has negative working capital, has had no revenues from operations, and has yet to generate an internal cash flow that raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are described in Note 10. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ L&L CPAS, PA

L&L CPAS, PA

Certified Public Accountants

Cornelius, NC

The United States of America

April 21, 2017

www.llcpas.net 

F-9

 DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

BALANCE SHEETS

 (Audited)

  January 31, 2017 January 31, 2016
ASSETS    
Current Assets    
Cash and cash equivalents  2,726   5,976 
       
Total Current Assets  2,726   5,976 
         
Fixed Assets        
    Furniture and Equipment  1,050   1,050 
    Accumulated Depreciation  (832)  (624)
Total Fixed Assets  218   426 
         
Total Assets  2,944  $6,402 
         
         
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)        
Liabilities        
Current Liabilities        
Accrued expenses $16,875  $3,406 
Accrued interest  6,180   2,163 
Promissory notes payable  62,500   37,500 
Advances from related party  18,000   18,000 
Due to shareholder  2,208   245 
         
Total Liabilities $105,763   61,314 
         
Stockholders’ (Deficiency)        
Common stock, par value $0.001; 250,000,000 shares authorized, 132,900,000- January 31, 2017  and 132,900,000- January 31, 2016 shares issued and outstanding  132,900   132,900 
Additional paid in capital  73,123   73,123 
Deficit accumulated  (308,842)  (260,935)
Total Stockholders’ (Deficiency)  (102,819)  (54,912)
         
Total Liabilities and Stockholders’(Deficiency) $2,944  $6,402 

See accompanying notes to financial statements.

F-10

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

STATEMENTS OF OPERATIONS

 (Audited)

  Year Ended  January 31, 2017 Year Ended January 31, 2016
REVENUES $-  $- 
         
OPERATING EXPENSES        
Depreciation Expense  208   208 
General and administrative  5,668   3,948 
Bank fees  20   70 
Rent  —     58,500 
Consulting fees  5,400   —   
Professional fees  32,594   17,844 
         
TOTAL OPERATING EXPENSES  43,890   80,570 
         
LOSS FROM OPERATIONS  (43,890)  (80,570)
         
OTHER INCOME (EXPENSE)        
Interest Expense  (4,017)  (1,965)
Impairment  —     (10,000)
TOTAL OTHER INCOME (EXPENSE)  (4,017)  (11,965)
         
PROVISION FOR INCOME TAXES  —     —   
         
NET LOSS  $(47,907)  $(92,535)
         
NET LOSS PER SHARE: BASIC AND DILUTED  *   * 
         
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (as adjusted for 20-1 forward stocks split)  132,900,000   132,900,000 

* Less than $0.00 per share

See Accompanying Notes to Financial Statements. 

F-11

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THE YEARS ENDED 

 (Audited)

   Common Stock             
    Shares     Amount    Additional Paid-In Capital   Deficit Accumulated During the Development Stage   Total Stockholders’ (Deficiency) 
Balance as of  January 31, 2015  132,900,000   $132,900   $14,623   $(168,400)  $(20,877)
                     
Office space rent provided by related party          58,500       58,500 
                     
Net loss for the period ended January 31, 2016              (92,535)  (92,535)
                     
Balance as of  January 31, 2016  132,900,000   132,900   73,123   (260,935)  (54,912)
                     
Net loss for the period ended January 31, 2017  —     —     —     (47,907)  (47,907)
                     
Balance as of  January 31, 2017  132,900,000   132,900   73,123   (308,842)  (102,819)

See Accompanying Notes to Financial Statements.

F-12

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

STATEMENTS OF CASH FLOWS

(Audited) 

  Year Ended January 31, 2017 Year Ended January 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss for the period $(47,907) $(92,535)
Adjustments to reconcile net loss to net cash (used in) operating activities:        
Depreciation Expense  208   208 
Impairment  —     10,000 
Changes in assets and liabilities:        
 Increase (decrease) in accrued expenses  13,469   (3,325)
      Increase in accrued interest  4,017   1,966 
      Increase in accrued rent  —     58,500 
CASH FLOWS USED IN OPERATING ACTIVITIES  (30,213)  (25,186)
         
CASH FLOWS FROM INVESTING ACTIVITIES        
      Furniture and Equipment  —     —   
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES  —     —   
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Advances from related party  —     —   
Due to shareholder  1,963   —   
Proceeds from promissory note payable  25,000   27,500 
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES  26,963   27,500 
         
NET INCREASE (DECREASE) IN CASH  (3,250)  2,314 
Cash, beginning of period  5,976   3,662 
Cash, end of period $2,726  $5,976 
         
SUPPLEMENTAL CASH FLOW INFORMATION:        
Interest paid $—    $—   
Income taxes paid $—    $—   
NON-CASH TRANSACTIONS:        
Forgiveness of loans from director $—    $0 
Issuance of shares for intellectual property $—    $0 

See Accompanying Notes to Financial Statements.

F-13

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

JANUARY 31, 2017

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Drone Guarder, Inc. (Formerly Vopia, Inc.) was incorporated as Blue Fashion Corp. under the laws of the State of Nevada on May 14, 2012.  The Company is an early stage security and surveillance company focusing on commercializing a drone enhanced home security system as a turnkey solution. On August 5, 2014 the Company changed its name to Vopia, Inc. On March 24, 2017 the Company changed its name to Drone Guarder, Inc.

NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted a January 31 fiscal year end.

Cashand CashEquivalents

The Companyconsiders all highly liquidinvestments withthe originalmaturitiesofthreemonths orlesstobe cashequivalents. The Company had $2,726 and $5,976 of cash as of January 31, 2017 and January 31, 2016, respectively.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. 

F-14

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

JANUARY 31, 2017

NOTE 2 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (CONTINUED)

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of January 31, 2013.

2017.

Comprehensive Income

The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.

Recent Accounting Pronouncements

Blue Fashion Corp.

Drone Guarder, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

NOTE 3—3 – INVESTMENT IN INTELLECTUAL PROPERTY

On July 4, 2014, the Company entered into a contribution agreement with Gimwork Project LP for the acquisition of assets and the assumption of liabilities associated with search technology software and online platforms. In consideration, the Company issued to Gimwork Project LP 100,000 shares of common stock with a deemed value of $10,000. During the year ended January 31, 2016, the Company has recorded an impairment of the investment in intellectual property in the amount of $10,000.

NOTE 4 – LOANS FROM DIRECTOR

AND SHAREHOLDER

On May 11, 2012, a director loaned $381 to incorporate the Company.

On November 1, 2012, a director loaned the Company $167 to purchase a business license and file an initial list with Nevada Secretary of State.

On November 6, 2012, a director loaned $5,000 to the Company for business expenses.

On January 23, 2013,2014, a director loaned $1,050 to purchase a Nikon D7000 digital SLR camera, and an 18-55mm AF-S DX VR Nikon Zoom Lens.

The above loans are unsecured, non-interest bearing and due on demand.

On July 4, 2014, the former officer and director agreed to forgive $6,623 in loans, which was recorded as an increase in additional paid in capital.

F-15

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

JANUARY 31, 2017

NOTE 4 – LOANS FROM DIRECTOR AND SHAREHOLDER (CONTINUED)

The balance due to the director was $6,623$0 and $0 as of January 31, 2013.2017 and January 31, 2016, respectively.

On October 29, 2014, a shareholder paid expenses of $245 on behalf of the Company.

On December 6, 2016, a shareholder paid expenses of $1,963 on behalf of the Company.

The balance due to the shareholder was $2,208 and $245 as of January 31, 2017 and January 31, 2016, respectively.

NOTE 5 – ADVANCES FROM RELATED PARTY

On May 14, 2014 the Company received advances from a related party in the amount of $18,000. The advances areunsecured, non-interest bearing, with no specified terms of repayment.

On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2017 and January 31, 2016.

The balance as of January 31, 2017 and January 31, 2016 of advances from related party was $18,000 and $18,000, respectively.

NOTE 6 – NOTES PAYABLE

On November 20, 2014 the Company issued a promissory note payable in the amount of $10,000. The note bears interest at 10% per annum and is due on demand. For the year ended January 31, 2015, this note was recorded in error as an advance from related party, when it should have been recorded as a note payable. This has been reclassified on the balance sheet as of January 31, 2016.

On June 24, 2015 the Company issued a promissory note payable in the amount of $12,500. The note bears interest at 10% per annum and is due on demand.

On December 10, 2015 the Company issued a promissory note payable in the amount of $15,000. The note bears interest at 10% per annum and is due on demand.

On December 23, 2016 the Company issued a promissory note payable in the amount of $25,000. The note bears interest at 10% per annum and is due on demand.

The balance as of January 31, 2017 and January 31, 2016 of notes payable $62,500 and $37,500, respectively. The total accrued interest as of January 31, 2017 and 2016 was $6,180 and $2,163 respectively.

F-16

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

JANUARY 31, 2017

NOTE 4—7 – COMMON STOCK

The Company has 75,000,000,250,000,000, $0.001 par value shares of common stock authorized.

Effective September 9, 2014 the Company’s board of directors and majority of its shareholders approved a 20 for 1 forward split of the Company’s common stock.

On January 2, 2013, the Company issued 5,000,000100,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share.

On October 25, 2013, the Company issued 30,900,000 shares of common stock for cash proceeds of $15,450 at $0.01 per share.

On July 4, 2014, the Company issued 2,000,000 shares of common stock with a deemed value of $10,000 for intellectual property.

On August 5, 2014, the Company amended its Articles of Incorporation to increase its authorized share capital to 250,000,000, $0.001 par value shares of common stock.

There were 5,000,000132,900,000 shares of common stock issued and outstanding as of January 31, 2013.

2017.

NOTE 5—8 – COMMITMENTS AND CONTINGENCIES

Gimwork Project LP has agreed to provide office space without charge until 2015. The Company neither owns nor leases any real or personal property. An officeris required to pay the monthly rent of $4,500 starting in 2015. Rent expense of $58,500 has provided office services without charge. There isbeen recorded as of January 31, 2016. The related party has agreed to waive accrued rent of $ 58,500 as of January 31, 2016. The forgiveness of rent has been recorded has an increase in additional paid in capital. As of February 1, 2016, no obligation for the officer to continue this arrangement. Such costs are immaterialadditional rent expense has been charged to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.


F-8

Blue Fashion Corp.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2013
company.

NOTE 6—9 – INCOME TAXES


As of January 31, 2013,2017, the Company had net operating loss carry forwards of approximately $560$197,792 that may be available to reduce future years’ taxable income in varying amounts through 2031. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following:


  January 31, 2013 
Federal income tax benefit attributable to:   
Current operations $247 
Less: valuation allowance  (247)
Net provision for Federal income taxes $- 

  January 31, 2017 January 31, 2016
Federal income tax benefit attributable to:        
Current Operations $16,290  $31,462 
Less: valuation allowance  (16,290)  (31,462)
Net provision for Federal income taxes $—    $—   

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

  January 31, 2017 January 31, 2016
Deferred tax asset attributable to:        
Net operating loss carryover $67,250  $50,962 
Less: valuation allowance  (67,250)  (50,962)
Net deferred tax asset $—    $—   

F-17
  January 31, 2013 
Deferred tax asset attributable to:   
Net operating loss carry over $247 
Less: valuation allowance  (247)
Net deferred tax asset $- 

DRONE GUARDER, INC.

(FORMERLY VOPIA, INC.)

NOTES TO THE FINANCIAL STATEMENTS

JANUARY 31, 2017

NOTE 9 – INCOME TAXES (CONTINUED)

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $560$194,323 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

NOTE 7—10 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, the Company had no revenues as of January 31, 2013.2017. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 8—11 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) ASC 855-10, the Company has analyzed its operations subsequent to January 31, 2013 to2017 through the date these financial statements were issued and has determined that, aside from that set forth below, it does not have any material subsequent events to disclose in these financial statements.statements/

On February 5, 2017, the Company borrowed $55,000 under a promissory note. The note is due on demand has annual interest at 10%. This money is earmarked for the Company’s working capital needs.

On March 24, 2017, the Company received a market effective date from FINRA for its name change from Vopia, Inc. to Drone Guarder, Inc.In connection with the name change, the Company has the following new CUSIP number: 26211L 103 and the Company received a new symbol that better reflects its new name: DRNG.

On April 7, 2017, the Company decided on a new business plan in security surveillance.

F-18
F-9

[Back Page

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

None.

AVAILABLE INFORMATION

We file annual, quarterly and current reports, proxy statements and other documents with the SEC. These filings contain important information which does not appear in this prospectus. You may read and copy, at prescribed rates, any documents we have filed with the SEC at its Public Reference Room located at 100 F Street, N.E., Washington, DC 20549. You may obtain information on the operation of Prospectus]

PROSPECTUS
9,000,000 SHARES OF COMMON STOCK

BLUE FASHION CORP.
_______________
Dealer Prospectus Delivery Obligation

the Public Reference Room by calling the SEC at 1-800-SEC-0330. We also file these documents with the SEC electronically. You can access the electronic versions of these filings on the SEC’s website found at http://www.sec.gov.

We have filed with the Securities and Exchange Commission (“SEC”) a registration statement for the securities on Form S-1 under the Securities Act. This prospectus, which forms part of the registration statement, does not contain all the information contained in the registration statement. Whenever a reference is made in this prospectus to any of our contracts or other documents, the reference may not be complete and, for a copy of the contract or document, you should refer to the exhibits that are part of the registration statement.

You may inspect and copy the registration statement at the public reference facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549 upon payment of certain prescribed fees. You may obtain information on the operation of the SEC’s public reference facilities by calling the SEC at 1-800-SEC-0330. You may also access the registration statement electronically through the SEC’s Electronic Data Gathering, Analysis and Retrieval, or EDGAR, system at the SEC’s website located at http://www.sec.gov.

Until _____________ ___, 2013,_______________, all dealers that effect transactions in these securities whether or not participating in this offering may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

36
31

PART II

INFORMATION NOT REQUIRED IN THE PROSPECTUS

ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
Item 13.Other Expenses of Issuance and Distribution

SEC Registration Fees$661.40
Accounting Fees and Expenses* 5,000
Legal Fees and Expenses* 5,000
Miscellaneous* 5,000
   
Total$15, 661.40

* Estimates

We will bear our fees and expenses incurred in connection with the registration of shares of common stock in connection with this offering. The estimated costs (assumingSelling Shareholders will bear all selling and other expenses that they incur in connection with their sale of shares are sold)of common stock pursuant to the prospectus which is part of this offering are as follows:


SEC Registration Fee  $12.28 
Printing Expenses  $240.00 
Accounting Fees and Expenses  $2,000.00 
Auditor Fees and Expenses $2500.00 
Legal Fees and Expenses  $3,500.00 
Transfer Agent Fees  $1,000.00 
TOTAL $9,252.28 

(1) All amounts are estimates, other than the SEC’s registration fee.
statement.

ITEM 14. INDEMNIFICATION OF DIRECTOR AND OFFICERS
According
Item 14.Indemnification of Directors and Officers.

Our officers and directors are indemnified as provided by the Nevada Revised Statutes and our bylaws.

Under the governing Nevada statutes, director immunity from liability to your bylaws:

a)    The Directorsa company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation.  Our articles of incorporation do not contain any limiting language regarding director immunity from liability.  Excepted from this immunity are:

1.a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;

2.a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);

3.a transaction from which the director derived an improper personal profit; and

4.willful misconduct.

Our bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided, further, that we shall cause the Corporationnot be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless:

1.such indemnification is expressly required to be made by law;

2.the proceeding was authorized by our Board of Directors;

3.such indemnification is provided by us, in our sole discretion, pursuant to the powers  vested us under Nevada law; or;

4.such indemnification is required to be made pursuant to the bylaws.

37

Our bylaws provide that we will advance to any person who was or is a Directorparty or former Directoris threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the Corporation and the Directors may cause the Corporation to indemnify a director or former director of a corporation of which the Corporationfact that he is or was a shareholder anddirector or officer, of the heirs and personal representativescompany, or is or was serving at the request of the company as a director or executive officer of another company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request therefore, all expenses incurred by any director or officer in connection with such proceeding upon receipt of an undertaking by or on behalf of such person against all costs, charges and expenses, includingto repay said amounts if it should be determined ultimately that such person is not entitled to be indemnified under our bylaws or otherwise.

Our bylaws provide that no advance shall be made by us to an amount paid to settle an action or satisfy a judgment, actually and reasonably incurred by him or them including an amount paid to settle an action or satisfy a judgment inactive criminal or administrative action or proceeding to which she is or they are made a partyofficer of the company, except by reason of his or her being or having been a Director of the Corporation or a director offact that such corporation, including an action brought by the Corporation or corporation. Each Director of the Corporation on being elected or appointed is deemed to have contracted with the Corporation on the terms of the foregoing indemnity.

b)    The Directors may cause the Corporation to indemnify an officer employee or agent of the Corporation or of a corporation of which the Corporation is or was a shareholder (notwithstanding that she is also a Director), and her or his heirs and personal representatives against all costs, charges and expenses incurred by her or them and resulting from him or her acting as an officer, employee or agentdirector of the Corporationcompany in which event this paragraph shall not apply, in any action, suit or corporation. In additionproceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made: (a) by the Corporation shall indemnifyboard of directors by a majority vote of a quorum consisting of directors who were not parties to the Secretaryproceeding, or an Assistance Secretary(b) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the Corporation (if she or he is not a full time employee of the Corporation and notwithstanding that she is also a Director), and his or her respective heirs and legal representatives against all costs, charges and expenses incurred by her or them and arising out of the functions assigned to the Secretary by the Corporation Act or these Articles and each such Secretary and Assistant Secretary, on being appointed is deemed to have contracted with the Corporation on the terms of the foregoing indemnity.
32

c)    The Directors may cause the Corporation to purchase and maintain insurance for the benefit of a person who is or was serving as a Director, officer, employee or agent of the Corporation or as a director, officer, employee or agent of a corporation of which the Corporation is or was a shareholder and her or his heirs or personal representatives against a liability incurred by her as a Director, officer, employee or agent.
company.

ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES
Set forth below is information regarding the issuance and sales of securities without registration since inception.
On November 6, 2012, Blue Fashion Corp. offered and sold 5,000,000 share of common stock to our President and sole director, Bojana Banjac, for a purchase price of $0.001 per share, for aggregate offering proceeds of $5,000.
Blue Fashion Corp. made the offer and sale in reliance on the exemption from registration afforded by Rule 903(b)(3) of Regulation S, promulgated pursuant to the Securities Act of 1933, as amended (the “Securities Act”),. The offering was made to a non-U.S. person, offshore of the U.S., with no directed selling efforts in the U.S., where offering restrictions were implemented in a transaction pursuant to the exclusion from registration provided by Rule 903(b)(3) of Regulation S of the Securities Act.

Item 15.Recent Sales of Unregistered Securities.

None.

ITEM 16. EXHIBITS

Exhibit
Number

Item 16.

Exhibits

Exhibit NumberDescription of Exhibit
3.1Articles of Incorporation of the RegistrantIncorporation(1)
3.2Bylaws of the Registrant
5.13.3Certificate of Change(3)
3.4Opinion re:  Legality and ConsentCertificate of CounselAmendment (4)
4.18% Convertible Promissory Note(7)
4.2Convertible Promissory Note(8)
10.1Contribution Agreement(2)
10.2Agreement dated January 21, 2013 byLoan Forgiveness and between the Blue Fashion Corp. and Nina VorkapicGeneral Release Agreement(2)
10.3Executive Employment Agreement(5)
10.4Securities Purchase Agreement(6)
10.5Securities Purchase Agreement(7)
10.6Registration Rights Agreement(7)
10.7Securities Purchase Agreement(8)
10.8Executive Employment Agreement(9)
23.1Consent of Legal Counsel (contained in exhibit 5.1) (2)Auditor consent**

**provided herewith

(1) Incorporated by reference to the Registration Statement on Form S-1 filed on April 25, 2013

(2) Incorporated by reference to the Form 8-K filed on July 11, 2014

(3) Incorporated by reference to the Form 8-K filed on September 9, 2014

(4) Incorporated by reference to the Form 8-K filed on August 29, 2014

(5) Incorporated by reference to the Form 8-K filed on May 3, 2017

(6) Incorporated by reference to the Form 8-K filed on October 30, 2017

(7) Incorporated by reference to the Form 8-K filed on February 12, 2018

(8) Incorporated by reference to the Form 8-K filed on February 14, 2018

(9) Incorporated by reference to the Form 8-K filed on February 14, 2018

23.2 Consent of KLJ & Associates, LLP38
33

ITEM 17. UNDERTAKINGS

Item 17.Undertakings.

The undersigned Registrantregistrant hereby undertakes:

1.

(a) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to:

(a) Include any prospectus required by Section 10(a)(3) of the Securities Act;
statement:

(i)to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
(iii)to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

(b) Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in the volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

(c) Include any additional or changed material information on the plan of distribution.
2. To,That, for the purpose of determining any liability under the Securities Act, treat each such post-effective amendment asshall be deemed to be a new registration statement relating to the securities offered herein,therein and to treat the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
3.

(c) To remove from registration by means of a post-effective amendment any of the securities being registered hereby that remainswhich remain unsold at the termination of the offering.

4. For determining liability of

(d) That, for the undersigned Registrant under the Securities Act to any purchaser in the initial distribution of the securities, that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(a) Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424;
(b) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;
(c) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and
(d) Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to our director, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our director, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our director, officers, or controlling person sin connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.
For the purposespurpose of determining liability under the Securities Act forto any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however , that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

(e) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other that the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit of proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.

39
34

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements of filing on Form S-1 and authorizedduly caused this registration statementRegistration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in Belgrade, Republicthe City of SerbiaLondon, United Kingdom on April 25, 2013.

March 23, 2018.

 BLUE FASHION CORP.Drone Guarder, Inc.
  
By:/s/ Adam Taylor

Adam Taylor

Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

Drone Guarder, Inc.
  
By:/s/ Bojana BanjacJohanne Ellis
 Name:Bojana Banjac
Title:Director
(Principal Executive, Financial and Accounting Officer)

Johanne Ellis

Chief Operating Officer


35

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Bojana Banjac, as her true and lawful attorney-in-fact and agent with full power of substitution and re-substitution, for her and in her name, place and stead, in any and all capacities,

Pursuant to sign any or all amendments (including post-effective amendments) to this Registration Statement on Form S-1 of BLUE FASHION CORP., and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, grant unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the foregoing, as fully to all intents and purposes as she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or her substitutes, may lawfully do or cause to be done by virtue hereof.

In accordance with the requirements of the Securities Exchange Act of 1933,1934, this registration statement wasreport has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates stated.
indicated.

SignatureBy:TitleDate/s/ Adam Taylor
 
/s/ Bojana Banjac
Director, President

Adam Taylor

Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Treasurer

April 25, 2013Director

 March 23, 2018

 40 
EXHIBIT INDEX
Exhibit
Number
Description of Exhibit
3.1Articles of Incorporation of the Registrant
3.2Bylaws of the Registrant
5.1Opinion re:  Legality and Consent of Counsel
10.1Agreement dated January 21, 2013, by and between the Blue Fashion Corp. and Nina Vorkapic
23.1Consent of Legal Counsel (contained in exhibit 5.1)
23.2
Consent of KLJ & Associates, LLP

36