UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      D.C. 20549





**FORM
      10-QSB**





x QUARTERLY
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For
      the
      quarterly period ended September
      30, 2007





 ̈ TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





Commission
      file number 33-55254-39





**BRISAM
      CORPORATION**


(Exact
      name of small business issuer as specified in its charter)





**Nevada**
            **87-0485315**(State
                or other jurisdiction of incorporation or organization)
            (IRS
                Employer Identification No.)





**500
      N. Rainbow Blvd.**


**Suite
      300**


**Las
      Vegas, Nevada 89107**


(Address
      of principal executive offices)





**(702)
      448-8150**


(Issuer’s
      telephone number)





Copies
      of
      Communications to:


Stoecklein
      Law Group


402
      W.
      Broadway, Suite 690


San
      Diego, CA 92101


(619)
      704-1310


Fax
      (619)
      704-1325





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the last 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. Yes x No  ̈





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes x No  ̈





The
      number of shares of Common Stock, $0.001 par value, outstanding on June 30,
      2008, was 65,117,807 shares; however, 35,000,000 of these shares are on
      administrative hold and in dispute.





Transitional
      Small Business Disclosure Format (check one): Yes  ̈ No x







**PART
      I – FINANCIAL INFORMATION**


**Item
      1. Financial Statements**




**MOORE
      & ASSOCIATES, CHARTERED**




**** **ACCOUNTANTS
      AND ADVISORS**


***PCAOB
      REGISTERED***





**REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**





To
      the
      Board of Directors


Brisam
      Corporation


(Formerly
      Skynet Telematics, Inc.)





We
      have
      reviewed the accompanying condensed balance sheet of Brisam Corporation as
      of
      September 30, 2007, and the related condensed statements of operations and
      cash
      flows for the three-month and nine-month periods ended September 30, 2007 and
      2006. These interim financial statements are the responsibility of the
      Corporation’s management.





We
      conduct our reviews in accordance with the standards of the Public Company
      Accounting Oversight Board (United States). A review of interim financial
      information consists of principally applying analytical procedures and making
      inquiries of persons responsible for the financials and accounting matters.
      It
      is substantially less in scope than an audit conducted in accordance with the
      standards of the Public Company Accounting Oversight Board (United States),
      the
      objective of which is the expression of an opinion regarding the financial
      statements taken as a whole. Accordingly, we do not express such an
      opinion.





Based
      on
      our reviews, we are not aware of any material modifications that should be
      made
      to such condensed financial statements for them to be in conformity with
      accounting principles generally accepted in the United States of
      America.





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern. As discussed in Note 2 to the financial
      statements, the Company has incurred a net loss of approximately $19,566,946
      through September 30, 2007, which raises substantial doubt about its ability
      to
      continue as a going concern. Management’s plans concerning these matters are
      also described in Note 2. The financial statements do not include any
      adjustments that might result from the outcome of this uncertainty.


We
      have
      previously audited, in accordance with standards of the Public Company
      Accounting Oversight Board (United States), the balance sheet of Brisam
      Corporation (formerly Skynet Telematics, Inc.) as of December 31, 2006 and
      2005,
      and the related statements of operations, stockholders’ equity and cash flows
      for the years then ended (not presented herein); and in our report dated April
      26, 2007, we expressed an unqualified opinion with a going concern paragraph
      on
      those financial statements. In our opinion, the information set forth in the
      accompanying balance sheet as of December 31, 2006 is fairly stated, in all
      material respects, in relations to the balance sheet from which it has been
      derived.





***/s/
      Moore & Associates, Chartered***


Moore
      & Associates, Chartered


Las
      Vegas, Nevada


July
      11,
      2008





2675
      S. JONES BLVD. SUITE 109, LAS VEGAS, NEVADA 89146 (702) 253-7499 Fax:
      (702)253-7501




1


**Brisam
      Corporation**


(formerly
      Skynet Telematics, Inc.)


**Condensed
      Balance Sheets**





**September 30,**
            
            **December 31,****2007**
            
            **2006****(Unaudited)**
            
            **(Audited)****Assets**Current
                assets:Cash
            
            $
            -
            
            $
            8,669Prepaid
                expenses and other current assets
            
            
            2,500
            
            
            1,966Total
                current assets
            
            
            2,500
            
            
            10,635Total
                Assets
            
            $
            2,500
            
            $
            10,635**Liabilities
                and Stockholders' Equity**Current
                liabilitiesAccounts
                payable and accrued expenses
            
            $
            525
            
            $
            1,106Note
                payable – related party
            
            
            22,500
            
            
            -Total
                current liabilities
            
            
            23,025
            
            
            1,106Stockholders'
                equity:Preferred
                stock, $0.001 par value, 20,000,000 shares authorized, no shares
                issued
                and outstanding as of September 30, 2007 and December 31, 2006
            
            
            -
            
            
            -Common
                    stock, $0.001 par value, 500,000,000 shares authorized, 2,992,820
                    and
                    2,957,820 and outstanding as of September 30, 2007 and December
                    31, 2006,
                    respectively
            
            
            2,993
            
            
            2,958Additional
                paid-in capital
            
            
            19,543,428
            
            
            19,543,113Accumulated
                (deficit)
            
            
            (19,566,946
            )
            
            (19,536,542
            )(20,525
            )
            
            9,529$
            2,500
            
            $
            10,635





**The
      Accompanying Notes are an Integral Part of These Financial
      Statements.**




2


**Brisam
      Corporation**


(formerly
      Skynet Telematics, Inc.)


**Condensed
      Statements of Operations**


**(Unaudited)**





**For the Three Months Ended**
            
            **For the Nine Months Ended****September 30,**
            
            **September 30,****2007**
            
            **2006**
            
            **2007**
            
            **2006**Revenue
            
            $
            -
            
            $
            -
            
            $
            -
            
            $
            -Expenses:General
                and administrative expenses
            
            
            525
            
            
            -
            
            
            3,160
            
            
            -Consulting
                fees
            
            
            350
            
            
            -
            
            
            8,350Professional
                fees
            
            
            -
            
            
            -
            
            
            18,894
            
            
            -Net
                (loss)
            
            $
            (875
            )
            $
            -
            
            $
            (30,404
            )
            $
            -Weighted
                average number of common sharesoutstanding
                - basic and fully diluted
            
            
            2,981,407
            
            
            1,832,560
            
            
            2,965,740
            
            
            1,832,560Net
                (loss) per share - basic and fully diluted
            
            $
            (0.00
            )
            $
            (0.00
            )
            $
            (0.01
            )
            $
            (0.00
            )





**The
      Accompanying Notes are an Integral Part of These Financial
      Statements.**


3


**Brisam
      Corporation**


(formerly
      Skynet Telematics, Inc.)


**Condensed
      Statements of Cash Flows**


**(Unaudited)**





**For the Nine Months Ending****September 30,****2007**
            
            **2006****Cash
                flows from operating activities**Net
                (loss)
            
            $
            (30,404
            )
            $
            -Shares
                issued for services
            
            
            350Adjustments
                to reconcile net (loss) tonet
                cash (used) in operating activities:Prepaid
                expenses and other current assets
            
            
            (534
            )
            
            -Accounts
                payable and accrued expenses
            
            
            (581
            )
            
            -Net
                cash (used) by operating activities
            
            
            (31,169
            )
            
            -**Cash
                flows from investing activities**Net
                cash (used) by investing activities
            
            
            -
            
            
            -**Cash
                flows from financing activities**Proceeds
                from notes payable – related party
            
            
            22,500
            
            
            -Net
                cash provided by financing activities
            
            
            22,500
            
            
            -Net
                increase (decrease) in cash
            
            
            (8,669
            )
            
            -Cash
                - beginning
            
            
            8,669
            
            
            11,719Cash
                - ending
            
            $
            -
            
            $
            11,719Supplemental
                disclosures:Interest paid
            
            $
            -
            
            $
            -Income taxes paid
            
            $
            -
            
            $
            -Shares issued for services
            
            $
            350
            
            $
            -





**The
      Accompanying Notes are an Integral Part of These Financial
      Statements.**




4


**Brisam
      Corporation**


(formerly
      Skynet Telematics, Inc.)


**Notes
      to Condensed Financial Statements**


**(unaudited)**





**Note
      1 – Basis of presentation**





The
      consolidated interim financial statements included herein, presented in
      accordance with United States generally accepted accounting principles and
      stated in US dollars, have been prepared by the Company, without audit, pursuant
      to the rules and regulations of the Securities and Exchange Commission. Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with generally accepted accounting principles have been
      condensed or omitted pursuant to such rules and regulations, although the
      Company believes that the disclosures are adequate to make the information
      presented not misleading.





These
      statements reflect all adjustments, consisting of normal recurring adjustments,
      which, in the opinion of management, are necessary for fair presentation of
      the
      information contained therein. It is suggested that these consolidated interim
      financial statements be read in conjunction with the financial statements of
      the
      Company for the year ended December 31, 2006 and notes thereto. The Company
      follows the same accounting policies in the preparation of interim
      reports.





Results
      of operations for the interim periods are not indicative of annual
      results.





Reclassifications


Certain
      reclassifications have been made to the prior years’ financial statements to
      conform to the current year presentation. These reclassifications had no effect
      on previously reported results of operations or retained earnings.





**Note
      2 – Going concern**





The
      accompanying financial statements have been prepared on a going concern basis,
      which contemplates the realization of assets and the satisfaction of liabilities
      in the normal course of business. The Company has incurred net losses of
      approximately $19,566,946 through September 30, 2007.





These
      conditions give rise to doubt about the Company’s ability to continue as a going
      concern. These financial statements do not include adjustments relating to
      the
      recoverability and classification of reported asset amounts or the amount and
      classification of liabilities that might be necessary should the Company be
      unable to continue as a going concern. The Company’s continuation as a going
      concern is dependent upon its ability to obtain additional financing or sale
      of
      its common stock as may be required and ultimately to attain
      profitability.





**Note
      3 – Related party transactions**





As
      of
      September 30, 2007, our sole officer and director, Mr. Kitts, advanced $22,500
      directly to our auditor for professional fees in connection with the audit
      and
      review of out financial statements for the periods from December 31, 2002
      through September 30, 2007. We have recorded a note payable to Mr. Kitts in
      the
      amount of $22,500. The note is non-interest bearing and due on demand.


5





**Note** **4
      – Stockholders’ equity**





We
      are
      authorized to issue 20,000,000 shares of $0.001 par value preferred stock and
      500,000,000 shares of $0.001 par value common stock.





On
      August
      10, 2007 we authorized a 100:1 reverse split of our common stock. All share
      information has been retroactively restated.





On
      July
      31, 2007, the Company authorized the issuance of 35,000 shares of its common
      stock to an individual for services valued at $350 to be issued after the August
      10, 2007 reverse stock split.





**Note
      5 – Subsequent events**





On
      October 2, 2007, the Company entered into a Business Development and Consulting
      Agreement with Reber America, Inc. a Canadian corporation whereby the Company
      has agreed to provide marketing and development services in exchange for a
      monthly fee of $20,000. Further the Company agreed to accrue all payments until
      such time Reber has obtained sufficient working capital resources.





On
      November 11, 2007, the Company issued 25,471,450 shares of its restricted common
      stock to its then sole officer and director for services valued at
      $25,472.





On
      January 21, 2008, the Company issued 1,550,000 shares of its restricted common
      stock for legal, accounting and consulting services valued at $1,550.





On
      February 14, 2008, the Company formed Brisam Energy, Inc., a wholly owned
      subsidiary and entered into an agreement with Trillium Management Ltd. a
      Canadian Corporation specializing in providing capital globally to companies
      focused in the natural resource sector.





On
      May 6,
      2008, the former officer and director of the Company had 35,000,000 shares
      of
      the Company’s common stock issued to himself for purported services valued at
      $35,000. These shares have been placed on administrative hold with the Company’s
      transfer agent and are in dispute. However, as of the date hereof neither party
      has initiated a legal action regarding this issue.





On
      May
      15, 2008, the Company issued 1,000,000 shares of its class A preferred stock
      to
      its sole officer and director for services.




6


**FORWARD-LOOKING
      STATEMENTS**





This
      document contains “forward-looking statements” within the meaning of the Private
      Securities Litigation Reform Act of 1995. All statements other than statements
      of historical fact are “forward-looking statements” for purposes of federal and
      state securities laws, including, but not limited to, any projections of
      earnings, revenue or other financial items; any statements of the plans,
      strategies and objections of management for future operations; any statements
      concerning proposed new services or developments; any statements regarding
      future economic conditions or performance; any statements or belief; and any
      statements of assumptions underlying any of the foregoing.





Forward-looking
      statements may include the words “may,” “could,” “estimate,” “intend,”
“continue,” “believe,” “expect” or “anticipate” or other similar words. These
      forward-looking statements present our estimates and assumptions only as of
      the
      date of this report. Accordingly, readers are cautioned not to place undue
      reliance on forward-looking statements, which speak only as of the dates on
      which they are made. We do not undertake to update forward-looking statements
      to
      reflect the impact of circumstances or events that arise after the dates they
      are made. You should, however, consult further disclosures we make in future
      filings of our Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB
      and Current Reports on Form 8-K.





Although
      we believe that the expectations reflected in any of our forward-looking
      statements are reasonable, actual results could differ materially from those
      projected or assumed in any of our forward-looking statements. Our future
      financial condition and results of operations, as well as any forward-looking
      statements, are subject to change and inherent risks and uncertainties. The
      factors impacting these risks and uncertainties include, but are not limited
      to:





·
            inability
                to raise additional financing for working
                capital;




·
            inability
                to locate potential mergers and acquisitions and integrate acquired
                companies into our organization;




·
            deterioration
                in general or regional economic, market and political
                conditions;




·
            the
                fact that our accounting policies and methods are fundamental to
                how we
                report our financial condition and results of operations, and they
                may
                require management to make estimates about matters that are inherently
                uncertain;




·
            adverse
                state or federal legislation or regulation that increases the costs
                of
                compliance, or adverse findings by a regulator with respect to existing
                operations;




·
            changes
                in U.S. GAAP or in the legal, regulatory and legislative environments
                in
                the markets in which we operate;




·
            inability
                to efficiently manage our
                operations;




·
            inability
                to achieve future operating
                results;




·
            the
                unavailability of funds for working capital;




·
            our
                ability to recruit and hire key employees;




7


·
            the
                inability of management to effectively implement our strategies and
                business plans; and




·
            the
                other risks and uncertainties detailed in this
                report.





For
      a
      detailed description of these and other factors that could cause actual results
      to differ materially from those expressed in any forward-looking statement,
      please see “Factors That May Affect Our Results of Operation” in this
      document.





**Item
      2. Management’s Discussion and Analysis**





**Overview
      of Current Operations**





Brisam
      Corporation (“Brisam” or the “Company”) was incorporated under the laws of
      Nevada on March 14, 1990 under the name Peripheral Connections, Inc. In 1998,
      the name was changed to Skynet Telematics, Inc., then to Skynet Telematics.com,
      Inc. in 2000 and again back to Skynet Telematics, Inc. in 2002. Finally, in
      July
      2007 the name was changed to Brisam Corporation.





The
      original business plan of the Company, during the period it was known as Skynet,
      was the development, marketing, and distribution of integrated modular
      automotive telematic systems and providing monitoring services to users of
      those
      products. Automotive telematic systems combine the technologies for mobile
      phones (GSM), global positioning satellite systems (GPS) and the Internet to
      enable customers to identify the exact location and status information about
      vehicles, to receive certain theft protection, personal security measures,
      e-mail, Internet access and concierge services through a monitoring station,
      and
      to receive a variety of information through communication with the monitoring
      station.





Skynet's
      original business plan was not financially successful through the period ended
      September 30, 2007 and the Company was assessing various options and new
      business strategies. The analysis of new businesses opportunities and evaluating
      new business strategies will be undertaken by or under the supervision of the
      Company's President. In analyzing prospective business opportunities, management
      will consider, to the extent applicable, the available technical, financial
      and
      managerial resources of any given business venture. Management will also
      consider the nature of present and expected competition; potential advances
      in
      research and development or exploration; the potential for growth and expansion;
      the likelihood of sustaining a profit within given time frames; the perceived
      public recognition or acceptance of products, services, trade or service marks;
      name identification; and other relevant factors. The Company anticipates that
      the results of operations of a specific business venture may not necessarily
      be
      indicative of the potential for future earnings, which may be impacted by a
      change in marketing strategies, business expansion, modifying product emphasis,
      changing or substantially augmenting management, and other factors.





The
      Company will analyze all relevant factors and make a determination based on
      a
      composite of available information, without reliance on any single factor.
      The
      period within which the Company will decide to participate in a given business
      venture cannot be predicted and will depend on certain factors, including the
      time involved in identifying businesses, the time required for the Company
      to
      complete its analysis of such businesses, the time required to prepare
      appropriate documentation and other circumstances.


8





The
      Company has not achieved profitability to date, and the Company anticipates
      that
      it will continue to incur net losses for the foreseeable future. As of September
      30, 2007, the Company had an accumulated deficit of $19,566,946 dollars. There
      can be no assurances that the Company can achieve or sustain profitability
      or
      that the Company's operating losses will not increase in the
      future.





Subsequent
      to the quarter ended September 30, 2007, the Company’s prior management located
      an individual, Mr. Brian Kitts, which it thought had the necessary skills and
      business acumen necessary to develop a new business plan and enhance stockholder
      value. On October 1, 2007, Mr. Kitts was appointed as the Company’s sole officer
      and director. As his first endeavor, Mr. Kitts located a private company in
      need
      of business development consulting to enhance its products and services. On
      October 2, 2007, the Company entered into a business development agreement
      with
      Reber America, Inc., whereby the Company, primarily through Mr. Kitts, provides
      business development consulting services for Reber in exchange for compensation
      of $20,000 per month. A copy of the Reber agreement was attached as Exhibit
      10.1
      to our Form 10-QSB for the quarter ended June 30, 2007 filed on July 10,
      2008.





In
      addition to the agreement described above, subsequent to the quarter ended
      June
      30, 2007, the Company located a potential strategic partner for locating and
      participating in natural resource opportunities in Canada. To pursue this
      opportunity the Company formed Brisam Energy, Inc. as a wholly owned subsidiary
      and on February 14, 2008 Brisam Energy entered into a letter agreement with
      Trillium Management Ltd., whereby Trillium will locate certain opportunities
      for
      review by Brisam Energy and Brisam Energy will use its best efforts to fund
      Trillium with up to $5 million to be used for funding and development
      opportunities. To date, Trillium has not located or proposed any definitive
      opportunities; however, the parties are in continual discussions regarding
      locating and funding an opportunity during fiscal 2008. A copy of the Trillium
      letter agreement was attached as Exhibit 10.7 to the Form 8-K filed on March
      6,
      2008.





**Results
      of Operations**





During
      the periods ended September 30, 2007 and September 30, 2006, the Company did
      not
      generate any revenues while it was in search of opportunities to expand or
      enhance its business operations. However, on October 2, 2007, the Company
      entered into an agreement with Reber America, Inc. to provide business
      development consulting services for $20,000 per month. The Company intends
      on
      pursuing similar types of consulting agreements along with entering the natural
      resource and energy industry through its wholly owned subsidiary, Brisam Energy,
      Inc.





During
      the quarter ended September 30, 2007, the Company had a net loss $9,879 as
      compared to no loss or expenses for the same period in 2006. The expenses for
      the quarter ended September 30, 2007 represented general and administrative
      expenses and the payment of professional fees.




9







***Satisfaction
      of our cash obligations for the next 12 months.***





Management
      believes the Company can sustain itself for the next twelve months. Management
      has agreed to keep the Company funded at its own expense, without seeking
      reimbursement for expenses paid. The Company's need for capital may change
      dramatically if it moves forward in developing a new business strategy or it
      acquires an interest in a business opportunity. In the event the Company
      requires additional funds, the Company will have to seek loans or equity
      placements to cover such cash needs. There is no assurance additional capital
      will be available to the Company on acceptable terms.





**Going
      Concern**





The
      condensed financial statements included in this filing have been prepared in
      conformity with generally accepted accounting principles that contemplate the
      continuance of the Company as a going concern. The Company’s cash position may
      be inadequate to pay all of the costs associated with its intended business
      plan. Management intends to use borrowings and security sales to mitigate the
      effects of its cash position, however no assurance can be given that debt or
      equity financing, if and when required, will be available. The financial
      statements do not include any adjustments relating to the recoverability and
      classification of recorded assets and classification of liabilities that might
      be necessary should the Company be unable to continue existence.





***Summary
      of any product research and development that we will perform for the term of
      our
      plan of operation.***





We
      do not
      anticipate performing any additional significant product research and
      development under our current plan of operation.





***Expected
      purchase or sale of plant and significant equipment.***





We
      do not
      anticipate the purchase or sale of any plant or significant equipment; as such
      items are not required by us at this time.





***Significant
      changes in the number of employees.***





As
      of
      September 30, 2007, we did not have any employees. We are dependent upon Brian
      Kitts, our sole officer and a director for our future business development.
      As
      our operations expand we anticipate the need to hire additional employees,
      consultants and professionals; however, the exact number is not quantifiable
      at
      this time.




**LIQUIDITY
      AND CAPITAL RESOURCES**





A
      critical component of our operating plan impacting our continued existence
      is
      the ability to obtain additional capital through additional equity and/or debt
      financing. We do not anticipate generating sufficient positive internal
      operating cash flow until such time as we can deliver our product to market,
      complete additional financial service company acquisitions and generate
      substantial revenues, which may take the next few years to fully realize. In
      the
      event we cannot obtain the necessary capital to pursue our strategic plan,
      we
      may have to cease or significantly curtail our operations. This would materially
      impact our ability to continue operations.


10





The
      Company has limited financial resources available, which has had an adverse
      impact on the Company's liquidity, activities and operations. These limitations
      have adversely affected the Company's ability to obtain certain projects and
      pursue additional business. Without realization of additional capital, it would
      be unlikely for the Company to continue as a going concern. In order for the
      Company to remain a Going Concern it will need to find additional capital.
      Additional working capital may be sought through additional debt or equity
      private placements, additional notes payable to banks or related parties
      (officers, directors or stockholders), or from other available funding sources
      at market rates of interest, or a combination of these. The ability to raise
      necessary financing will depend on many factors, including the nature and
      prospects of any business to be acquired and the economic and market conditions
      prevailing at the time financing is sought. No assurances can be given that
      any
      necessary financing can be obtained on terms favorable to the Company, or at
      all.





As
      a
      result of the Company's current limited available cash, no officer or director
      received compensation through the quarter ended September 30, 2007. The Company
      has no employment agreements in place with its officers.





**Off-Balance
      Sheet Arrangements**





We
      do not
      have any 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 or operations, liquidity, capital
      expenditures or capital resources that is material to investors.





**Critical
      Accounting Policies and Estimates**





*Revenue
      Recognition* : We
      recognize revenue from product sales once all of the following criteria for
      revenue recognition have been met: pervasive evidence that an agreement exists;
      the services have been rendered; the fee is fixed and determinable and not
      subject to refund or adjustment; and collection of the amount due is reasonable
      assured.





**New
      Accounting Standards**





In
      September 2006, the FASB issued Statement of Financial Accounting Standards
      No. 157, *Fair
      Value Measurements,* (“SFAS
      157”). SFAS 157 provides a framework for measuring fair value when such
      measurements are used for accounting purposes. The framework focuses on an
      exit
      price in the principal (or, alternatively, the most advantageous) market
      accessible in an orderly transaction between willing market participants. SFAS
      157 establishes a three-tiered fair value hierarchy with Level 1 representing
      quoted prices for identical assets or liabilities in an active market and Level
      3 representing estimated values based on unobservable inputs. Under SFAS 157,
      related disclosures are segregated for assets and liabilities measured at fair
      value based on the level used within the hierarchy to determine their fair
      values. We anticipate adopting SFAS 157 on its effective date of January 1,
      2008 and the financial impact, if any, upon adoption has not yet been
      determined.


11





In
      February 2007, the FASB issued Statement of Financial Accounting Standards
      No. 159, *The
      Fair Value Option for Financial Assets and Financial Liabilities, including
      an
      amendment of FASB Statement No. 115,* (“SFAS
      159”). SFAS 159 permits fair value accounting to be irrevocably elected for
      certain financial assets and liabilities on an individual contract basis at
      the
      time of acquisition or at a remeasurement event date. Upon adoption of SFAS
      159,
      fair value accounting may also be elected for existing financial assets and
      liabilities. For those instruments for which fair value accounting is elected,
      changes in fair value will be recognized in earnings and fees and costs
      associated with origination or acquisition will be recognized as incurred rather
      than deferred. SFAS 159 is effective January 1, 2008, with early adoption
      permitted as of January 1, 2007. We anticipate adopting SFAS 159 concurrent
      with the adoption of SFAS 157 on January 1, 2008, but have not yet
      determined the financial impact, if any, upon adoption.





**FACTORS
      THAT MAY AFFECT OUR RESULTS OF OPERATION**





Risks
      Relating To Our Business and Marketplace





***An
      evaluation of us extremely difficult. At this stage of our business operations,
      even with our good faith efforts, potential investors have a high probability
      of
      losing their investment.***





There
      is
      nothing at this time on which to base an assumption that our business operations
      will prove to be successful or that we will ever be able to operate profitably.
      Our future operating results will depend on many factors, including our ability
      to raise adequate working capital, demand and acceptance of our business plan,
      the level of our competition and our ability to attract and maintain key
      management and employees.





While
      Management believes its estimates of projected occurrences and events are within
      the timetable of its business plan, there can be no guarantees or assurances
      that the results anticipated will occur.





***Our
      auditor’s report reflects the fact that without realization of additional
      capital, it would be unlikely for us to continue as a going concern. If we
      are
      unable to continue as a going concern, it is likely that we will not be able
      to
      continue in business.***





As
      a
      result of our deficiency in working capital and other factors, our auditors
      have
      included a paragraph in their report regarding substantial doubt about our
      ability to continue as a going concern. Our plans in this regard are to seek
      additional funding through future equity private placements or debt
      facilities.




12





***We
      may not be able to retain our key personnel or hire the personnel we need to
      sustain and grow our business.***





Our
      performance is highly dependent upon our ability to attract, retain, and
      motivate highly skilled, talented employees. These professionals are regularly
      recruited by other firms and may choose to change firms. Given our relatively
      small size compared to some of our anticipated competitors, the performance
      of
      our business may be more adversely affected than our competitors would be if
      we
      lose well-performing employees and are unable to attract new ones.





Risks
      Relating To Our Common Stock





***Because
      our common stock is deemed a low-priced “Penny” stock, an investment in our
      common stock should be considered high risk and subject to marketability
      restrictions.***





Since
      our
      common stock is a penny stock, as defined in Rule 3a51-1 under the Securities
      Exchange Act, it will be more difficult for investors to liquidate their
      investment even if and when a market develops for the common stock. Until the
      trading price of the common stock rises above $5.00 per share, if ever, trading
      in the common stock is subject to the penny stock rules of the Securities
      Exchange Act specified in rules 15g-1 through 15g-10. Those rules require
      broker-dealers, before effecting transactions in any penny stock,
      to:





·
            Deliver
                to the customer, and obtain a written receipt for, a disclosure
                document;


·
            Disclose
                certain price information about the
                stock;


·
            Disclose
                the amount of compensation received by the broker-dealer or any associated
                person of the broker-dealer;


·
            Send
                monthly statements to customers with market and price information
                about
                the penny stock; and


·
            In
                some circumstances, approve the purchaser’s account under certain
                standards and deliver written statements to the customer with information
                specified in the rules.





Consequently,
      the penny stock rules may restrict the ability or willingness of broker-dealers
      to sell the common stock and may affect the ability of holders to sell their
      common stock in the secondary market and the price at which such holders can
      sell any such securities. These
      additional procedures could also limit our ability to raise additional capital
      in the future.





***We
      have the ability to issue additional shares of our common stock and shares
      of
      preferred stock without asking for stockholder approval, which could cause
      your
      investment to be diluted.***





Our
      Articles of Incorporation authorizes the Board of Directors to issue up to
      500,000,000 shares of common stock and 20,000,000 shares of preferred stock.
      The
      power of the Board of Directors to issue shares of common stock, preferred
      stock
      or warrants or options to purchase shares of common stock or preferred stock
      is
      generally not subject to stockholder approval. Accordingly, any additional
      issuance of our common stock, or preferred stock that may be convertible into
      common stock, may have the effect of diluting one’s investment.


13





***By
      issuing preferred stock, we may be able to delay, defer or prevent a change
      of
      control.***





Our
      board
      of directors is authorized to issue, without approval from our stockholders,
      a
      total of 20,000,000 shares of preferred stock. In September 2008, our board
      of
      directors issued 1,000,000 shares of Class A preferred stock that have super
      voting and conversion rights. Our Board of Directors can determine the rights,
      preferences, privileges and restrictions granted to, or imposed upon, the shares
      of preferred stock and to fix the number of shares constituting any series
      and
      the designation of such series.  It
      is
      possible that our Board of Directors, in determining the rights, preferences
      and
      privileges to be granted when the preferred stock is issued, may include
      provisions that have the effect of delaying, deferring or preventing a change
      in
      control, discouraging bids for our common stock at a premium over the market
      price, or that adversely affect the market price of and the voting and other
      rights of the holders of our common stock.





***FINRA
      sales practice requirements may also limit a stockholder's ability to buy and
      sell our stock.***





In
      addition to the “penny stock” rules described above, FINRA has adopted rules
      that require that in recommending an investment to a customer, a broker-dealer
      must have reasonable grounds for believing that the investment is suitable
      for
      that customer. Prior to recommending speculative low priced securities to their
      non-institutional customers, broker-dealers must make reasonable efforts to
      obtain information about the customer's financial status, tax status, investment
      objectives and other information. Under interpretations of these rules, the
      FINRA believes that there is a high probability that speculative low priced
      securities will not be suitable for at least some customers. The FINRA
      requirements make it more difficult for broker-dealers to recommend that their
      customers buy our common stock, which may limit your ability to buy and sell
      our
      stock and have an adverse effect on the market for our shares.





**Item
      3. Controls and Procedures**





We
      maintain disclosure controls and procedures designed to ensure that information
      required to be disclosed in reports filed under the Securities Exchange Act
      of
      1934, as amended, is recorded, processed, summarized and reported within the
      specified time periods.





As
      of the
      end of the period covered by this report, Brian Kitts, our President and
      Principal Financial Officer, evaluated the effectiveness of the design and
      operation of our disclosure controls and procedures pursuant to Exchange Act
      Rule 13a-15. Based upon his evaluation, Mr. Kitts concluded that our
      disclosure  controls  and
      procedures were not effective in timely alerting him to  material
      information required to be included in our  periodic
      SEC reports. We were unable to meet our requirements to timely file our Exchange
      Act reports for the quarter ended September 30, 2007 through March 31, 2008.
      Management evaluated the impact of our inability to timely file periodic reports
      with the Securities and Exchange Commission on our assessment of our disclosure
      controls and procedures and has concluded that the control deficiency that
      resulted in the inability to timely make these filings represented a material
      weakness.


14





Other
      than the deficiency and weakness described above, Mr. Kitts concluded that
      our
      disclosure controls and procedures are otherwise effective.





**PART
      II—OTHER INFORMATION**





**Item
      1. Legal Proceedings**





From
      time
      to time, we may become involved in various lawsuits and legal proceedings,
      which
      arise in the ordinary course of business. However, litigation is subject to
      inherent uncertainties, and an adverse result in these or other matters may
      arise from time to time that may harm our business.





On
      May 6,
      2008, Ira Lyons, our previous sole officer and director, issued 35,000,000
      shares of common stock to himself. Prior to the issuance, Mr. Lyons had been
      removed as a director of the Company by a super majority vote of our
      stockholders. Therefore, Mr. Lyons did not have the authority to issue the
      35,000,000 shares of common stock. We have placed an administrative hold on
      the
      shares of common stock and have instructed our transfer agent to place a stop
      transfer order on the shares of common stock. Our new sole officer and director,
      Brian Kitts, is currently in discussions with Mr. Lyons for the return of the
      shares of common stock for cancellation. However, if Mr. Lyons does not return
      the shares, we may be forced to initiate legal action against Mr. Lyons for
      the
      return of the shares, along with any other remedies allowable by
      law.





Other
      than the potential legal action with Mr. Lyons, we are not presently a party
      to
      any material litigation, nor to the knowledge of management is any litigation
      threatened against us, which may materially affect us.





**Item
      2. Unregistered Sales of Equity Securities and Use of
      Proceeds**





On
      August
      10, 2007, we effectuated a hundred-for-one (100:1) reverse Stock Split of our
      outstanding shares of common stock, where any stockholder who owned 100 or
      fewer
      common shares received ten (10) shares. (See Schedule 14c filed with the
      Commission on July 13, 2007 regarding this corporate action.)





On
      July
      31, 2007, we authorized the issuance of 35,000 shares of common stock for
      consulting services valued at $350, which were issued following completion of
      the August 10, 2007 reverse stock split. We believed the issuance of the shares
      was exempt from the registration and prospectus delivery requirement of the
      Securities Act of 1933 by virtue of Section 4(2). The shares were issued
      directly by us and did not involve a public offering or general solicitation.
      The recipient of the shares was afforded an opportunity for effective access
      to
      our files and records that contained the relevant information needed to make
      her
      investment decision, including our financial statements and 34 Act reports.
      We
      reasonably believed that the recipient had such knowledge and experience in
      her
      financial and business matters that she was capable of evaluating the merits
      and
      risks of her investment.


15


Subsequent
      Issuances





On
      November 16, 2007, we issued 25,471,450 shares of common stock to Brian Kitts
      for his services as our sole officer and director valued at $25,471. We believed
      the issuance of the shares was exempt from the registration and prospectus
      delivery requirement of the Securities Act of 1933 by virtue of Section 4(2).
      The shares were issued directly by us and did not involve a public offering
      or
      general solicitation. The recipient of the shares was afforded an opportunity
      for effective access to our files and records that contained the relevant
      information needed to make his investment decision, including our financial
      statements and 34 Act reports. We reasonably believed that the recipient had
      such knowledge and experience in his financial and business matters that he
      was
      capable of evaluating the merits and risks of his investment. The recipient
      was
      our sole officer and director at the time of the issuance and his investment
      decision.





On
      January 21, 2008, we issued 1,550,000 shares of common stock for legal,
      accounting and consulting services valued at $1,550. We believed the issuance
      of
      the shares was exempt from the registration and prospectus delivery requirement
      of the Securities Act of 1933 by virtue of Section 4(2). The shares were issued
      directly by us and did not involve a public offering or general solicitation.
      The recipients of the shares were afforded an opportunity for effective access
      to our files and records that contained the relevant information needed to
      make
      their investment decision, including our financial statements and 34 Act
      reports. We reasonably believed that the recipients had such knowledge and
      experience in their financial and business matters that they were capable of
      evaluating the merits and risks of their investment.





On
      May 6,
      2008, Ira Lyons, our previous sole officer and director, issued 35,000,000
      shares of common stock to himself. Prior to the issuance, Mr. Lyons had been
      removed as a director of the Company by a super majority vote of our
      stockholders. Therefore, Mr. Lyons did not have the authority to issue the
      35,000,000 shares of common stock. We have placed an administrative hold on
      the
      shares of common stock and have instructed our transfer agent to place a stop
      transfer order on the shares of common stock. Our new sole officer and director,
      Brian Kitts, is currently in discussions with Mr. Lyons for the return of the
      shares of common stock for cancellation.





On
      May
      15, 2008, we issued 1,000,000 shares of Super Voting Class A Preferred Stock
      (“Class A Preferred Stock”) to Brian Kitts for resuming his services as our sole
      officer and director. We believe the issuance of the shares was exempt from
      the
      registration and prospectus delivery requirement of the Securities Act of 1933
      by virtue of Section 4(2). The shares were issued directly by us and did not
      involve a public offering or general solicitation. The recipient of the shares
      was afforded an opportunity for effective access to our files and records that
      contained the relevant information needed to make his investment decision,
      including our financial statements and 34 Act reports. We reasonably believed
      that the recipient had such knowledge and experience in his financial and
      business matters that he was capable of evaluating the merits and risks of
      his
      investment. The recipient was the sole officer and director of the Registrant
      at
      the time of the issuance and his investment decision.





The
      rights, preferences, restrictions and other matters relating to the Class A
      Preferred Stock are as follows:


16





**Section
      I.**  Designation
      and Amount .
      There
      is hereby authorized to be issued out of the authorized and unissued shares
      of
      preferred stock of the Corporation a class of preferred stock designated as
      the
“Class A – Super Voting Preferred Stock” (“Class A Preferred Stock”) and
      the number of shares constituting such class shall be 1,000,000.





**Section
      II.**  Voting
      Rights .
      Holders
      of the Class A Preferred Stock shall be entitled to cast five hundred (500)
      votes for each share held of the Class A Preferred Stock on all matters
      presented to the stockholders of the Corporation for stockholder vote which
      shall vote along with holders of the Corporation’s Common Stock on such matters.





**Section
      III.**  Redemption
      Rights .
      The
      Class A Preferred Stock may be redeemed only by separate written agreement
      by
      and between the Holder and the Corporation.





**Section
      IV.**  Conversion
      Rights .
      The
      Class A Preferred Stock is convertible, at any time or from time to time, at
      the
      sole option of the Holder, into shares of Common Stock on a one-for-one hundred
      basis (i.e.- for every share of Class A Preferred Stock converted, the Holder
      would receive one hundred (100) shares of Common Stock).





**Section
      V.**  Protective
      Provisions .
      So long
      as any shares of Class A Preferred Stock are outstanding, this Corporation
      shall
      not without first obtaining the approval (by vote or written consent, as
      provided by law) of the Holders of the Class A Preferred Stock which is
      entitled, other than solely by law, to vote with respect to the matter, and
      which Preferred Stock represents at least a majority of the voting power of
      the
      then outstanding shares of such Class A Preferred Stock:





(a)  sell,
      convey, or otherwise dispose of or encumber all or substantially all of its
      property or business or merge into or consolidate with any other corporation
      (other than a wholly-owned subsidiary corporation) or effect any transaction
      or
      series of related transactions in which more than fifty percent (50%) of the
      voting power of the Corporation is disposed of;





(b)  alter
      or
      change the rights, preferences or privileges of the shares of Class A Preferred
      Stock so as to affect adversely the shares;





(c)  increase
      or decrease (other than by redemption or conversion) the total number of
      authorized shares of preferred stock;





(d)  authorize
      or issue, or obligate itself to issue, any other equity security, including
      any
      other security convertible into or exercisable for any equity security (i)
      having a preference over, or being on a parity with, the Class A Preferred
      Stock
      with respect to dividends or upon liquidation, or (ii) having rights similar
      to
      any of the rights of the Class A Preferred Stock; or





(e)  amend
      the
      Corporation’s Articles of Incorporation or bylaws


17





**Section
      VI.**  Other
      Rights .
      Except
      as otherwise stated herein, there are no other rights, privileges, or
      preferences attendant or relating to in any way the Class A Preferred Stock,
      including by way of illustration but not limitation, those concerning dividend,
      ranking, other conversion, other redemption, participation, or anti-dilution
      rights or preferences.





**Section
      VII.**   Definitions .
      As used
      in herein, the following terms shall have the following meanings (with terms
      defined in the singular having comparable meanings when used in the plural
      and
      vice versa), unless the context otherwise requires:





“Common
      Stock” means any and all shares of the Corporation’s $0.001 par value common
      stock.





“Corporation”
      means Brisam Corporation, a Nevada corporation, and its successors.





“Class
      A
      Preferred Stock” has the meaning ascribed to it in Section I
      hereof.





“Holder”
      means a holder of a share or shares of Class A Preferred Stock as reflected
      in
      the stock books of the Corporation.





Issuer
      Repurchases during the Quarter .





We
      did
      not repurchase any of our securities during the quarter ended September 30,
      2007.





**Item
      3.**  **Defaults Upon Senior Securities**





None.





**Item
      4.**  **Submission of Matters to a Vote of Security Holders**





We
      did
      not submit any matters to a vote of our security holders during the quarter
      ended September 30, 2007.





**Item
      5.**  **Other Information**





On
      July
      18, 2007, we filed a Certificate of Amendment to Articles of Incorporation
      with
      the Nevada Secretary of State to change our corporate name from Skynet
      Telematics, Inc. to Brisam Corporation. (See Schedule 14c filed with the
      Commission on July 13, 2007 regarding this corporate action).





**Item
      6. Exhibits**


**Incorporated
                by reference****Exhibit**
            
            **Exhibit
                Description**
            
            **Filed**
              **herewith**
            
            **Form**
            
            **Period**
              **ending**
            
            **Exhibit**
            
            **Filing**
              **date**3.1(i)(a)
            
            Articles
                of Incorporation of Peripheral Connections, Inc.
            
            
            
            10-KSB
            
            12/31/96
            
            3(i)
            
            03/17/973.1(i)(b)
            
            Amended
                Articles of Incorporation changing name to Skynet Telematics,
                Inc.
            
            
            
            10-KSB/A
            
            12/31/99
            
            3.1
            
            07/28/003.1(i)I
            
            Amended
                Articles of Incorporation changing name to Brisam
                Corporation
            
            
            
            8-K
            
            
            
            3.3
            
            08/17/073.1(i)(d)
            
            Brisam
                Energy, Inc. Articles of Incorporation
            
            
            
            8-K
            
            
            
            3.1(i)
            
            03/06/083(ii)
            
            Bylaws
                as currently in effect
            
            
            
            10-KSB
            
            12/31/96
            
            3(ii)
            
            03/17/974.1
            
            Certification
                of Designation of Preferences, Rights and Limitations of Class A
                Preferred
                Stock
            
            
            
            8-K
            
            
            
            4.1
            
            05/22/0810.1
            
            Reber
                America Business Development and Consulting Agreement dated October
                2,
                2007
            
            
            
            10-QSB
            
            06/30/07
            
            10.1
            
            07/14/0810.2
            
            Trillium
                Letter Agreement dated February 14, 2008
            
            
            
            8-K
            
            
            
            10.7
            
            03/06/0831.1
            
            Certification
                of Brian Kitts, President and Principal Financial Officer, pursuant
                to
                Section 302 of the Sarbanes-Oxley Act
            
            X31.2
            
            Certification
                of Brian Kitts, President and Principal Financial Officer, pursuant
                to
                Section 302 of the Sarbanes-Oxley Act
            
            X99.1
            
            Majority
                Stockholder Consent dated May 5, 2008
            
            
            
            8-K
            
            
            
            99.1
            
            06/16/08




18


**SIGNATURES**




In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.





BRISAM
      CORPORATION


(Registrant)





By:
            /s/
                Brian KittsBrian
                Kitts, President(On
                behalf of the Registrant and as Principal FinancialOfficer)





Date:
      July 14, 2008


19