China Yida Holding (CNYD) 8-K Entry into a Material Definitive Agreement

INTELISYS AVIATION SYSTEMS OF AMERICA, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
December 31, 2006
Assets	INTELISYS AVIATION SYSTEMS OF AMERICA, INC.			HongKong Yi Tat			Pro Forma Adjustments			Pro Forma
Current Assets
Cash and cash equivalents	$	-		$	2,215,910					$	2,215,910
Accounts receivable		-			164,008						164,008
Other receivable		-			49,644						49,644
Prepayment		-			268,817						268,817
Total Current Assets		-			2,698,379						2,698,379
Fixed assets, net		-			3,223,558						3,223,558
Construction in Progress		-			2,684,572						2,684,572
Other Assets		-			3,675,063						3,675,063
Investment in subsidiaries		-			-						-
Total Assets	$	-		$	12,281,572					$	12,281,572
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	16,053		$	229,932					$	245,985
Accrued expenses and other payable		92,916			80,299						173,215
Amount due to related parties		-			817,813						817,813
Unearned revenue		-			27,726						27,726
Accrued payroll		-			38,305						38,305
Tax payable		-			515,002						515,002
Loan payable, short term		-			3,075,308						3,075,308
Total Current Liabilities		108,969			4,784,385						4,893,354
Loan payable, long term					768,825						768,825
Commitments					-						-
Total Liabilities		108,969			5,553,210						5,662,179
Minority Interest								6,681			6,681
Stockholders' Equity
Capital stock		90,917			8,601,847			8,592,717			100,048
Additional paid in capital		8,336,789			-			(43,322	)		8,380,111
Preferred stock issuable		12,500			-			-			12,500
Accumulated other comprehensive income		(6,124	)		42,584			(337	)		36,124
Accumulated deficit		(8,543,051	)		(1,916,070	)		8,543,051			(1,916,070	)
								-
Total Stockholders' Equity		(108,969	)		6,728,362						6,612,712
Total Liabilities and Stockholders' Equity	$	-		$	12,281,572					$	12,281,572
											(0	)

INTELISYS AVIATION SYSTEMS OF AMERICA, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2006
	INTELISYS AVIATION SYSTEMS OF AMERICA, INC.			HongKong Yi Tat			Pro Forma Adjustments	Pro Forma
								$
Net revenue	$	-		$	10,211,833			$	10,211,833
Cost of goods sold		-			(2,284,428	)			(2,284,428	)
Gross Profit		-			7,927,405				7,927,405
General, selling and administrative expenses		130,436			1,840,312				1,970,748
Operating income ( loss )		(130,436	)		6,087,093				5,956,657
Non operating income ( expense )
Income from discontinued operations		3,331,597			-				3,331,597
Interest income		-			2,347				2,347
Other expense		-			(19,801	)			(19,801	)
Interest expense		-			(253,003	)			(253,003	)
Total non operating income ( expenses )		3,331,597			(270,457	)			3,061,140
Net income ( loss )	$	3,201,161		$	5,816,636			$	9,017,797
Net income per share:
Basic & diluted								$	0.090
Weighted average number of shares outstanding:
Basic & diluted									100,047,619
Weighted average shares include shares issued in the acquistion of HongKong YiTat

INTELISYS AVIATION SYSTEMS OF AMERICA, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
September 30, 2007
Assets	INTELISYS AVIATION SYSTEMS OF AMERICA, INC.			HongKong YiTat		Pro Forma Adjustments			Pro Forma
Current Assets
Cash and cash equivalents	$	-		$	348,912				$	348,912
Accounts receivable		-			72,930					72,930
Other receivable		-			69,176					69,176
Prepayment		-			59,523					59,523
Inventory					3,816					3,816
Amount due from related parties					7,526,959					7,526,959
Total Current Assets		-			8,081,316					8,081,316
Fixed assets, net		-			7,880,175					7,880,175
Construction in Progress		-			427,124					427,124
Intangible assets, net		-			3,710,970					3,710,970
Investment in subsidiaries		-			-					-
Total Assets	$	-		$	20,099,585				$	20,099,585
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	128,552		$	127,980				$	256,532
Accrued expenses and other payable		32,279			413,222					445,501
Amount due to related parties		-			505,382					505,382
Unearned revenue		-			144,607					144,607
Accrued payroll		-			59,944					59,944
Tax payable		-			1,274,952					1,274,952
Loan payable, short term		160,000			2,402,307					2,562,307
Total Current Liabilities		320,831			4,928,394					5,249,225
Loan payable, long term										-
Commitments					-					-
Total Liabilities		320,831			4,928,394					5,249,225
Minority interest		-			-		18,333			(8,974,767	)
Stockholders' Equity
Capital stock		90,917			9,002,231		(8,993,100	)		100,048
Additional paid in capital		8,336,789			-		273,704			8,610,493
Preferred stock issuable		12,500			-					12,500
Accumulated other comprehensive income		(43,602	)		351,230		1,962			309,590
Accumulated deficit		(8,717,435	)		4,657,660		8,717,435			4,657,660
Statutory reserve		-			1,160,070		-			1,160,070
Total Stockholders' Equity		(320,831	)		15,171,191					14,850,360
Total Liabilities and Stockholders' Equity	$	-		$	20,099,585				$	20,099,585

INTELISYS AVIATION SYSTEMS OF AMERICA, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007
		INTELISYS AVIATION SYSTEMS OF AMERICA, INC.		HongKong YiTat	Pro Forma Adjustments		Pro Forma
Net revenue	$	-	$	11,609,017		$	$11,609,017
Cost of goods sold		-		(1,690,061)			(1,690,061)
Gross Profit		-		9,918,956			9,918,956
General, selling and administrative expenses				1,915,821			1,915,821
Operating income ( loss )		(166,856)		8,003,135			8,003,135
Non operating income ( expense )
Income from discontinued operations		(7,528)		-
Interest income		-		(839)			(839)
Other expense		-		6,344			6,344
Finance expense				5,105			5,105
Interest expense		-		179,637			179,637
Total non operating income ( expenses )		(7,528)		190,247			190,247
Income ( loss ) before provision for income tax		(174,384)		8,193,382			8,193,382
Provision for income taxes		-		79,089			79,089
Net income ( loss )	$	(174,384)	$	8,193,382		$	$8,114,293
Net income per share:
Basic & diluted	$					$	0.081
Weighted average number of shares outstanding:
Basic & diluted							100,047,619
Weighted average shares include shares issued in the acquistion of HongKong YiTat

The accompanying condensed consolidated pro forma financial statements illustrate the effect of the stock purchase agreement between Intelisys Aviation Systems of America, Inc. and HongKong Yi Tat and Subsidiaries, on the Company's financial position and results of operations. The pro forma condensed consolidated balance sheets as of December 31, 2006 are based on the historical audited balance sheets of Intelisys Aviation Systems of Amrica Inc. as of December 31, 2006 and audited balance sheet of HongKong Yi Tat and Subsidiaries as of December 31, 2006. The pro forma condensed consolidated balance sheet assumes the acquisition took place on January 1, 2006.

The pro forma condensed consolidated income statements for the year ended December 31, 2007 are based on the historical audited income statement for the year ended December 31, 2007 of Intelisys Aviation Systems of America, Inc. and the historic audited income statement for the year ended December 31, 2006 of HongKong Yi Tat and Subsidiaries. It assumes the acquisition took place on January 1, 2006.

The pro forma condensed consolidated income statements for the 9 months ended September 30, 2007 are based on the historical audited income statement of Intelisys Aviation Systems of America, Inc. for the 9 months ended September 30, 2007, and the historical audited income statement of HongKong Yi Tat and subsidiaries for the 9 months ended September 30, 2007. The pro forma condensed consolidated income statements assume the acquisition took place on January 1, 2007. The pro forma condensed consolidated financial statements may not be indicative of the actual results of the acquisition and there can be no assurance that the foregoing results will be obtained. In particular, the pro form condensed consolidated financial statements are based on management's current estimates of the merge agreement. The actual may differ.

The accompanying pro forma condensed consolidated financial statements should be read in conjunction with the historical financial statements of Intelisys Aviation Systems of America, Inc. and HongKong Yi Tat and Subsidiaries.

Keenway is a holding company of HongKong Yi Tat and has no operations, assets, or liabilities as of December 31, 2006 and September 30, 2007.