EXHIBIT 4.8

                                 AMENDMENT NO. 1
                                       TO
                          CONSULTING SERVICES AGREEMENT

         THIS FIRST AMENDMENT TO CONSULTING SERVICES AGREEMENT, dated February
3, 2005 (the "First Amendment"), is by and between Michael Park (the
"Consultant"), and NANNACO, Inc., a Texas corporation (the "Client").

                                    RECITALS

         A. The Consultant and the Client entered into a Consulting Services
Agreement dated April 14, 2004, a copy of which is attached hereto as Exhibit A
(the "Agreement"), pursuant to which the Consultant agreed to provide certain
consulting services to the Client.

         B. Client and Consultant wish to amend Section 2 of the Agreement to
provide for additional consideration in exchange for additional consulting
services. ..

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the foregoing, and the mutual
agreements, representations, warranties and covenants contained herein, and for
other good and valuable consideration the receipt of which is hereby
acknowledged, the parties hereto agree as follows:

A.       Section 2 of the Agreement shall be deleted in its entirety and is
hereby amended to read as follows:

"2.      Consideration.

                  Client agrees to pay Consultant, as his fee and as
consideration for services provided, 1,500,000 shares of common stock of the
Client, which shares shall be registered on Form S-8 with the United States
Securities and Exchange Commission. By amendment dated February 3, 2005 Client
agrees to pay Consultant an additional 5,000,000 shares of common stock of the
Client, which shares shall be registered on Form S-8. All shares and
certificates representing such shares shall be subject to applicable SEC,
federal, state (Blue sky) and local laws and additional restrictions set forth
herein.."


         IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and have agreed to and accepted the terms herein on the date written
above.


                                            CLIENT:

                                            NANNACO, INC.




                                            By :
                                                 -------------------------------
                                            Name: Steve Careaga
                                            Its:  CEO




                                            CONSULTANT:




                                            By:
                                                --------------------------------
                                            Name: Michael Park













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