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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



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FORM 10-QSB



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(Mark One)

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

For the quarterly period ended June 30, 2006



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

For the transition period from  to

Commission file number 000-50155



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DIAGNOSTIC CORPORATION OF
AMERICA

(Name of Small Business Issuer in its Charter)



---



|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 02-0563302                          
|(State or Other Jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)

14375 Myer Lake Circle, Clearwater FL 33760

(Address of Principal Executive Offices)

(727) 533-8300

(Issuers Telephone Number)

N/A

(Former name, former address and former fiscal year, if changed since
last report)



---

Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the Exchange Act) during the preceding 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 ̈

As of August 15, 2006, there were 20,822,871 shares of our Common Stock, $.001 par value outstanding.

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



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##### Table of Contents

DIAGNOSTIC CORPORATION OF AMERICA

TABLE OF CONTENTS



|        |  |                                                                                       |  |     
|------- |  | ------------------------------------------------------------------------------------- |  | ----
|        |  |                                                                                       |  | Page
|PART I  |  | FINANCIAL INFORMATION                                                                 |  | 1   
|        |  |                                                                                      
|Item 1  |  | Financial Statements                                                                  |  | 1   
|Item 2  |  | Managements Discussion and Analysis of Financial Condition and Results of Operations |  | 10  
|Item 3  |  | Controls and Procedures                                                               |  | 15  
|        |  |                                                                                      
|PART II |  | OTHER INFORMATION                                                                     |  | 15  
|        |  |                                                                                      
|Item 1  |  | Legal Proceedings                                                                     |  | 15  
|Item 2  |  | Unregistered Sales of Equity Securities and Use of Proceeds                           |  | 15  
|Item 3  |  | Defaults Upon Senior Securities                                                       |  | 15  
|Item 4  |  | Submission of Matters to a Vote of Security Holders                                   |  | 15  
|Item 5  |  | Other Information                                                                     |  | 15  
|Item 6  |  | Exhibits and Reports on Form 8-K                                                      |  | 16  



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##### Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (unaudited)



DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida



CONSOLIDATED BALANCE SHEETS



|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|----------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------- | ---------- | - | ---------------- | - | ---------- | -
|                                                                                                                                    |  | (Unaudited) June 30, 2006 |            |   | December 31,2005 |  
|ASSETS                                                                                                                              |  |                           |            |   |                  |   |            |  
|                                                                                                                                    |  |                          
|Current Assets                                                                                                                      |  |                           |            |   |                  |   |            |  
|Cash and Cash Equivalents                                                                                                           |  | $                         | 933        |   |                  | $ | 1,930      |  
|Prepaid Expenses and Deposits                                                                                                       |  |                           | 650        |   |                  |   | 650        |  
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|Total Assets                                                                                                                        |  | $                         | 1,583      |   |                  | $ | 2,580      |  
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                                                                                               |  |                           |            |   |                  |   |            |  
|                                                                                                                                    |  |                          
|Current Liabilities                                                                                                                 |  |                           |            |   |                  |   |            |  
|Accounts Payable                                                                                                                    |  | $                         | 79,340     |   |                  | $ | 54,631     |  
|Accrued Interest Payable                                                                                                            |  |                           | 20,994     |   |                  |   | 12,000     |  
|Accrued Payroll                                                                                                                     |  |                           | 76,256     |   |                  |   | 49,342     |  
|Convertible Notes Payable                                                                                                           |  |                           |           |   |                  |   | 400,000    |  
|Loans Payable - Stockholders                                                                                                        |  |                           | 6,500      |   |                  |   |           |  
|Loan Payable                                                                                                                        |  |                           | 25,000     |   |                  |   |           |  
|Due to Stockholders                                                                                                                 |  |                           | 174,268    |   |                  |   | 124,196    |  
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|Total Liabilities                                                                                                                   |  |                           | 382,358    |   |                  |   | 640,169    |  
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|Stockholders Deficit                                                                                                               |  |                           |            |   |                  |   |            |  
|Common Stock - $.001 Par Value; 50,000,000 Shares Authorized, 20,822,871 and 16,522,871 Shares Issued and Outstanding,
Respectively |  |                           | 20,823     |   |                  |   | 16,523     |  
|Additional Paid-in Capital                                                                                                          |  |                           | 1,429,368  |   |                  |   | 1,009,668  |  
|Deficit Accumulated During Development Stage                                                                                        |  |                           | (1,830,966 | ) |                  |   | (1,663,780 | )
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|Total Stockholders Deficit                                                                                                         |  |                           | (380,775   | ) |                  |   | (637,589   | )
|                                                                                                                                    |  |                           |            |   |                  |   |            |  
|Total Liabilities and Stockholders Deficit                                                                                         |  | $                         | 1,583      |   |                  | $ | 2,580      |  
|                                                                                                                                    |  |                           |            |   |                  |   |            |  

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



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##### Table of Contents

DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

CONSOLIDATED STATEMENTS OF CHANGES IN
STOCKHOLDERS DEFICIT (UNAUDITED)



|                                                                                           |  |                 |     |  |                              |        |   |                          |   |          |                                          |  |   |                           |   |  |   |            |  
|------------------------------------------------------------------------------------------ |  | --------------- | --- |  | ---------------------------- | ------ | - | ------------------------ | - | -------- | ---------------------------------------- |  | - | ------------------------- | - |  | - | ---------- | -
|                                                                                           |  | Number ofShares |     |  | CommonStock($0.001 ParValue) |        |   | AdditionalPaid-InCapital |   |          | DeficitAccumulatedDuringDevelopmentStage |  |   | TotalStockholdersDeficit |  
|Inception - October 31, 2000                                                               |  |                |     |  | $                            |       |   |                          | $ |         |                                          |  | $ |                          |   |  | $ |           |  
|Common Stock Issued in Exchange for Services and Expenses Paid by Shareholders (Galli)     |  | 11,553,100      |     |  |                              | 11,553 |   |                          |   | 202      |                                          |  |   |                          |   |  |   | 11,755     |  
|Common Stock Issued in Exchange for Services and Expenses Paid by Shareholders (City View) |  | 3,425,000       | (1) |  |                              | 3,425  |   |                          |   |         |                                          |  |   |                          |   |  |   | 3,425      |  
|Common Shares Issued for Cash - Private Placement (City View)                              |  | 928,500         | (1) |  |                              | 929    |   |                          |   | 308,571  |                                          |  |   |                          |   |  |   | 309,500    |  
|Common Shares Issued for Cash - Private Placement (Global Broadcast)                       |  | 662,500         |     |  |                              | 663    |   |                          |   | 110,588  |                                          |  |   |                          |   |  |   | 111,251    |  
|Conversion of Notes Payable in Exchange for Stock                                          |  | 1,050,000       |     |  |                              | 1,050  |   |                          |   | 322,534  |                                          |  |   |                          |   |  |   | 323,584    |  
|Shares Issued for Services Rendered                                                        |  | 765,000         |     |  |                              | 765    |   |                          |   | 32,235   |                                          |  |   |                          |   |  |   | 33,000     |  
|Shares Issued to Directors for Services Rendered                                           |  | 300,000         |     |  |                              | 300    |   |                          |   | 11,700   |                                          |  |   |                          |   |  |   | 12,000     |  
|Shares Repurchased for Cancellation                                                        |  | (5,416,229      | )   |  |                              | (5,417 | ) |                          |   | (144,583 | )                                        |  |   |                          |   |  |   | (150,000   | )
|Capital Contribution  Shareholder                                                         |  |                |     |  |                              |       |   |                          |   | 200,350  |                                          |  |   |                          |   |  |   | 200,350    |  
|Net Loss for the Period                                                                    |  |                |     |  |                              |       |   |                          |   |         |                                          |  |   | (1,264,521                | ) |  |   | (1,264,521 | )
|                                                                                           |  |                 |     |  |                              |        |   |                          |   |          |                                          |  |   |                           |   |  |   |            |  
|Balance - December 31, 2004                                                                |  | 13,267,871      |     |  | $                            | 13,268 |   |                          | $ | 841,597  |                                          |  | $ | (1,264,521                | ) |  | $ | (409,656   | )
|                                                                                           |  |                 |     |  |                              |        |   |                          |   |          |                                          |  |   |                           |   |  |   |            |  

---

|(1) | Shares issued and outstanding have been adjusted to reflect the Plan of Merger effected on March 1, 2002.
|--- | ---------------------------------------------------------------------------------------------------------

- continued -



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



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida



CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT (UNAUDITED) - continued



|                                                                                            |  |                 |  |                              |        |                          |   |                                          |  |   |                           |   |  |   |          |  
|------------------------------------------------------------------------------------------- |  | --------------- |  | ---------------------------- | ------ | ------------------------ | - | ---------------------------------------- |  | - | ------------------------- | - |  | - | -------- | -
|                                                                                            |  | Number ofShares |  | CommonStock($0.001 ParValue) |        | AdditionalPaid-InCapital |   | DeficitAccumulatedDuringDevelopmentStage |  |   | TotalStockholdersDeficit |  
|Balance - December 31, 2004                                                                 |  | 13,267,871      |  | $                            | 13,268 |                          | $ | 841,597                                  |  | $ | (1,264,521                | ) |  | $ | (409,656 | )
|                                                                                            |  |                 |  |                              |       
|Conversion of Notes Payable in Exchange of Stock                                            |  | 145,000         |  |                              | 145    |                          |   | 15,681                                   |  |   |                          |   |  |   | 15,826   |  
|Shares Issued for Services Rendered                                                         |  | 200,000         |  |                              | 200    |                          |   | 9,800                                    |  |   |                          |   |  |   | 10,000   |  
|Common Shares Issued for Cash  Private Placement Diagnostic)                               |  |                |  |                              |       |                          |   | 50,000                                   |  |   |                          |   |  |   | 50,000   |  
|Net Loss for the Period (Unaudited)                                                         |  |                |  |                              |       |                          |   |                                         |  |   | (191,884                  | ) |  |   | (191,884 | )
|                                                                                            |  |                 |  |                              |        |                          |   |                                          |  |   |                           |   |  |   |          |  
|Balance - June 30, 2005 (Unaudited)                                                         |  | 13,612,871      |  |                              | 13,613 |                          |   | 917,078                                  |  |   | (1,456,405                | ) |  |   | (525,714 | )
|                                                                                            |  |                 |  |                              |       
|Common Shares Issued for Cash and Accrued Interest Payable - Private Placement (Diagnostic) |  | 1,725,000       |  |                              | 1,725  |                          |   | 34,525                                   |  |   |                          |   |  |   | 36,250   |  
|Shares Issued for Services Rendered                                                         |  | 1,185,000       |  |                              | 1,185  |                          |   | 58,065                                   |  |   |                          |   |  |   | 59,250   |  
|Net Loss for the Period (Unaudited)                                                         |  |                |  |                              |       |                          |   |                                         |  |   | (207,375                  | ) |  |   | (207,375 | )
|                                                                                            |  |                 |  |                              |        |                          |   |                                          |  |   |                           |   |  |   |          |  
|Balance - December 31, 2005                                                                 |  | 16,522,871      |  |                              | 16,523 |                          |   | 1,009,668                                |  |   | (1,663,780                | ) |  |   | (637,589 | )
|                                                                                            |  |                 |  |                              |       
|Conversion of Notes Payable in Exchange for Stock                                           |  | 4,000,000       |  |                              | 4,000  |                          |   | 396,000                                  |  |   |                          |   |  |   | 400,000  |  
|Shares Issued for Services Rendered                                                         |  | 300,000         |  |                              | 300    |                          |   | 23,700                                   |  |   |                          |   |  |   | 24,000   |  
|Net Loss for the Period (Unaudited)                                                         |  |                |  |                              |       |                          |   |                                         |  |   | (167,186                  | ) |  |   | (167,186 | )
|                                                                                            |  |                 |  |                              |        |                          |   |                                          |  |   |                           |   |  |   |          |  
|Balance - June 30, 2006 (Unaudited)                                                         |  | 20,822,871      |  | $                            | 20,823 |                          | $ | 1,429,368                                |  | $ | (1,830,966                | ) |  | $ | (380,775 | )
|                                                                                            |  |                 |  |                              |        |                          |   |                                          |  |   |                           |   |  |   |          |  

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



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)



|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|------------------------------------------------------------------------ |  | --------------------------------------------------------------------- | ---------- | - | --------------------------- | ---- | ---------- | - |  | - | ---------- | -
|                                                                         |  | Period
FromDate of Inception (October 31, 2000) Through June 30, 2006 |            |   | Three Months Ended June 30, |     
|                                                                         |  |                                                                       | 2006       |   |                             | 2005 |           
|Revenues                                                                 |  | $                                                                     | 500        |   |                             | $    |           |   |  | $ |           |  
|                                                                         |  |                                                                       |           
|Expenses                                                                 |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Commissions                                                              |  |                                                                       | 11,250     |   |                             |      |           |   |  |   |           |  
|General and Administrative                                               |  |                                                                       | 52,847     |   |                             |      | 1,063      |   |  |   | 4,199      |  
|Insurance                                                                |  |                                                                       | 101,876    |   |                             |      | 6,252      |   |  |   | 4,267      |  
|Interest                                                                 |  |                                                                       | 98,771     |   |                             |      | 135        |   |  |   | 12,000     |  
|Investment Banker                                                        |  |                                                                       | 39,970     |   |                             |      |           |   |  |   |           |  
|Management Fees                                                          |  |                                                                       | 523,392    |   |                             |      | 30,000     |   |  |   | 30,000     |  
|Marketing                                                                |  |                                                                       | 137,014    |   |                             |      |           |   |  |   | 9,540      |  
|Organizational Costs                                                     |  |                                                                       | 164,853    |   |                             |      |           |   |  |   |           |  
|Payroll Taxes                                                            |  |                                                                       | 19,413     |   |                             |      | 956        |   |  |   | 1,042      |  
|Production Equipment                                                     |  |                                                                       | 24,257     |   |                             |      |           |   |  |   |           |  
|Professional Fees                                                        |  |                                                                       | 262,106    |   |                             |      | 17,441     |   |  |   | 15,046     |  
|Rent                                                                     |  |                                                                       | 28,687     |   |                             |      | 1,960      |   |  |   | 1,567      |  
|Salaries                                                                 |  |                                                                       | 288,104    |   |                             |      | 12,501     |   |  |   | 12,501     |  
|Telephone                                                                |  |                                                                       | 28,482     |   |                             |      | 1,587      |   |  |   | 1,472      |  
|Transfer Agent Fees                                                      |  |                                                                       | 16,102     |   |                             |      | 486        |   |  |   | 5,317      |  
|Travel                                                                   |  |                                                                       | 34,664     |   |                             |      |           |   |  |   | 272        |  
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Total Expenses                                                           |  |                                                                       | 1,831,788  |   |                             |      | 72,381     |   |  |   | 97,223     |  
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Loss Before Other Income and Provision for Taxes                         |  | $                                                                     | (1,831,288 | ) |                             |      | (72,381    | ) |  |   | (97,223    | )
|                                                                         |  |                                                                       |           
|Other Income                                                             |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Interest Income                                                          |  |                                                                       | 322        |   |                             |      |           |   |  |   | 59         |  
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Loss Before Provision for Taxes                                          |  | $                                                                     | (1,830,966 | ) |                             |      | (72,381    | ) |  |   | (97,164    | )
|                                                                         |  |                                                                       |           
|Provision for Taxes                                                      |  |                                                                       |           |   |                             |      |           |   |  |   |           |  
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Net Loss for the Period                                                  |  | $                                                                     | (1,830,966 | ) |                             | $    | (72,381    | ) |  | $ | (97,164    | )
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  
|Weighted Average Number of Common Shares Outstanding - Basic and Diluted |  |                                                                       | 13,663,906 |   |                             |      | 20,822,871 |   |  |   | 13,522,761 |  
|                                                                         |  |                                                                       |           
|Net Loss per Common Share - Basic and Diluted                            |  | $                                                                     | (0.13      | ) |                             | $    | (0.00      | ) |  | $ | (0.01      | )
|                                                                         |  |                                                                       |            |   |                             |      |            |   |  |   |            |  

- continued -

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



4



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##### Table of Contents

DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED) - continued



|                                                                         |  |                           |            |   |      |   |            |  
|------------------------------------------------------------------------ |  | ------------------------- | ---------- | - | ---- | - | ---------- | -
|                                                                         |  | Six Months Ended June 30, |           
|                                                                         |  | 2006                      |            |   | 2005 |  
|Revenues                                                                 |  | $                         |           |   |      | $ |           |  
|                                                                         |  |                           |            |   |      |   |            |  
|Expenses                                                                 |  |                           |            |   |      |   |            |  
|General and Administrative                                               |  |                           | 4,144      |   |      |   | 5,792      |  
|Insurance                                                                |  |                           | 10,368     |   |      |   | 8,664      |  
|Interest                                                                 |  |                           | 8,994      |   |      |   | 24,000     |  
|Management Fees                                                          |  |                           | 60,000     |   |      |   | 60,000     |  
|Marketing                                                                |  |                           | 849        |   |      |   | 25,915     |  
|Payroll Taxes                                                            |  |                           | 1,912      |   |      |   | 1,998      |  
|Professional Fees                                                        |  |                           | 46,906     |   |      |   | 29,066     |  
|Rent                                                                     |  |                           | 3,920      |   |      |   | 2,938      |  
|Salaries                                                                 |  |                           | 25,002     |   |      |   | 25,002     |  
|Telephone                                                                |  |                           | 2,594      |   |      |   | 2,518      |  
|Transfer Agent Fees                                                      |  |                           | 1,472      |   |      |   | 5,529      |  
|Travel                                                                   |  |                           | 1,025      |   |      |   | 603        |  
|                                                                         |  |                           |            |   |      |   |            |  
|Total Expenses                                                           |  |                           | 167,186    |   |      |   | 192,025    |  
|                                                                         |  |                           |            |   |      |   |            |  
|Loss Before Other Income and Provisions for Taxes                        |  |                           | (167,186   | ) |      |   | (192,025   | )
|                                                                         |  |                          
|Other Income                                                             |  |                           |            |   |      |   |            |  
|                                                                         |  |                          
|Interest Income                                                          |  |                           |           |   |      |   | 141        |  
|                                                                         |  |                           |            |   |      |   |            |  
|Loss Before Provision for Taxes                                          |  |                           | (167,186   | ) |      |   | (191,884   | )
|                                                                         |  |                          
|Provision for Taxes                                                      |  |                           |           |   |      |   |           |  
|                                                                         |  |                           |            |   |      |   |            |  
|Net Loss for the Period                                                  |  | $                         | (167,186   | ) |      | $ | (191,884   | )
|                                                                         |  |                           |            |   |      |   |            |  
|Weighted Average Number of Common Shares Outstanding - Basic and Diluted |  |                           | 19,268,174 |   |      |   | 13,468,120 |  
|                                                                         |  |                          
|Net Loss per Common Share - Basic and Diluted                            |  | $                         | (0.01      | ) |      | $ | (0.01      | )
|                                                                         |  |                           |            |   |      |   |            |  

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



5



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)



|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|--------------------------------------------------- |  | ------------------------------------------------------------------- | ---------- | - | ------------------------ | ---- | -------- | - |  | - | -------- | -
|                                                    |  | Period
FromDate of Inception(October 31, 2000)Through June 30, 2006 |            |   | Six Months EndedJune 30, |     
|                                                    |  |                                                                     | 2006       |   |                          | 2005 |         
|Cash Flows from Operating Activities                |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|                                                    |  |                                                                     |           
|Net Loss for the Period                             |  | $                                                                   | (1,830,966 | ) |                          | $    | (167,186 | ) |  | $ | (191,884 | )
|                                                    |  |                                                                     |           
|Non-Cash Adjustments:                               |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Services and Expenses Paid by Shareholders          |  |                                                                     | 15,180     |   |                          |      |         |   |  |   |         |  
|Common Stock Issued for Services Rendered           |  |                                                                     | 138,250    |   |                          |      | 24,000   |   |  |   | 10,000   |  
|                                                    |  |                                                                     |           
|Changes in Assets and Liabilities:                  |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Prepaid Expenses and Deposits                       |  |                                                                     | (650       | ) |                          |      |         |   |  |   | 25,100   |  
|Accounts Payable                                    |  |                                                                     | 79,340     |   |                          |      | 24,709   |   |  |   | 2,528    |  
|Accrued Interest Payable                            |  |                                                                     | 60,469     |   |                          |      | 8,994    |   |  |   |         |  
|Accrued Payroll                                     |  |                                                                     | 76,256     |   |                          |      | 26,914   |   |  |   | (56      | )
|Due to Stockholders                                 |  |                                                                     | 174,270    |   |                          |      | 50,072   |   |  |   | 30,000   |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Net Cash Flows from Operating Activities            |  |                                                                     | (1,287,851 | ) |                          |      | (32,497  | ) |  |   | (124,312 | )
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Cash Flows from Investing Activities                |  |                                                                     |           |   |                          |      |         |   |  |   |         |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Cash Flows from Financing Activities                |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Contribution by Shareholder                         |  |                                                                     | 200,350    |   |                          |      |         |   |  |   |         |  
|Proceeds from Issuance of Convertible Notes Payable |  |                                                                     | 564,500    |   |                          |      |         |   |  |   |         |  
|Proceeds from Issuance of Notes Payable             |  |                                                                     | 150,000    |   |                          |      |         |   |  |   |         |  
|Proceeds from Stockholders Loan                     |  |                                                                     | 6,500      |   |                          |      | 6,500    |   |  |   |         |  
|Proceeds from Loan Payable                          |  |                                                                     | 25,000     |   |                          |      | 25,000   |   |  |   |         |  
|Proceeds from Issuance of Common Stock              |  |                                                                     | 492,434    |   |                          |      |         |   |  |   |         |  
|Proceeds from Granted Common Stock                  |  |                                                                     |           |   |                          |      |         |   |  |   | 50,000   |  
|Common Stock Repurchased                            |  |                                                                     | (150,000   | ) |                          |      |         |   |  |   |         |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Net Cash Flows from Financing Activities            |  |                                                                     | 1,288,784  |   |                          |      | 31,500   |   |  |   | 50,000   |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Net Change in Cash and Cash Equivalents             |  |                                                                     | 933        |   |                          |      | (997     | ) |  |   | (74,312  | )
|Cash and Cash Equivalents - Beginning of Period     |  |                                                                     |           |   |                          |      | 1,930    |   |  |   | 106,924  |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  
|Cash and Cash Equivalents - End of Period           |  | $                                                                   | 933        |   |                          | $    | 933      |   |  | $ | 32,612   |  
|                                                    |  |                                                                     |            |   |                          |      |          |   |  |   |          |  

- continued -

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



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED) - continued



|                                                                                           |  |                                                                     |         |                          |      |         |  |   |       
|------------------------------------------------------------------------------------------ |  | ------------------------------------------------------------------- | ------- | ------------------------ | ---- | ------- |  | - | ------
|                                                                                           |  | Period FromDate of Inception(October 31, 2000)Through June 30,
2006 |         | Six Months EndedJune 30,
|                                                                                           |  |                                                                     | 2006    |                          | 2005
|SUPPLEMENTAL DISCLOSURE                                                                    |  |                                                                     |         |                          |      |         |  |   |       
|                                                                                           |  |                                                                     |        
|Interest Paid                                                                              |  | $                                                                   | 38,300  |                          | $    |        |  | $ | 24,000
|Income Taxes Paid                                                                          |  | $                                                                   |        |                          | $    |        |  | $ |      
|                                                                                           |  |                                                                     |         |                          |      |         |  |   |       
|NON-CASH INVESTING AND FINANCING ACTIVITIES                                                |  |                                                                     |         |                          |      |         |  |   |       
|                                                                                           |  |                                                                     |        
|Conversion of Accrued Interest Payable in Lieu of Cash Payment for Common Stock Issued     |  | $                                                                   | 14,567  |                          | $    |        |  | $ |      
|                                                                                           |  |                                                                     |        
|Issuance of Stock via Conversion of Convertible Notes Payable and Accrued Interest Payable |  | $                                                                   | 585,410 |                          | $    | 400,000 |  | $ | 15,826
|                                                                                           |  |                                                                     |        
|Issuance of Stock via Conversion of Notes Payable and Accrued Interest Payable             |  | $                                                                   | 154,000 |                          | $    |        |  | $ |      
|                                                                                           |  |                                                                     |         |                          |      |         |  |   |       

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



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



|         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|-------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note A - |  | Basis of Presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|         | 
|         |  | The consolidated financial statements of Diagnostic Corporation of America and Subsidiary (the Company) included herein have been prepared by the Company, without audit, pursuant to
the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in consolidated financial statements prepared in conjunction 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 consolidated financial statements should be
read in conjunction with the annual audited consolidated financial statements and the notes thereto included in the Companys annual report on Form 10-KSB, and other reports filed with the SEC.
|         | 
|         |  | The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal and recurring nature which are, in the opinion of management, necessary to present fairly
the financial position, results of operations and cash flows of the Company for the interim periods presented. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or
for the fiscal year taken as a whole. Factors that affect the comparability of financial data from year to year and for comparable interim periods include costs incurred to raise capital and stock awards.                                                                                                                                                                                                                         
|         | 
|Note B - |  | Loans Payable - Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|         | 
|         |  | During February 2006, the Company entered into a loan agreement with a stockholder of the Company in the amount of $5,000. The note bears interest at 10% per annum and is due on
demand.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|         | 
|         |  | During March 2006, the Company entered into a loan agreement with a stockholder of the Company in the amount of $1,500. The note bears interest at 10% per annum and is due on
demand.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|         | 
|Note C - |  | Loan Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|         | 
|         |  | During June 2006, the Company obtained a non-interest bearing loan with no specified repayment terms from WiFiMed, Inc. in the amount of $25,000, secured by 3,000,000 shares of Company
stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|         | 
|Note D - |  | Convertible Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|         | 
|         |  | On March 8, 2006, convertible notes payable of $400,000 were converted into 4,000,000 restricted shares of common stock. In addition, the Consulting Agreement disclosed in the Companys
annual report on Form 10-KSB, that would have become effective was mutually cancelled by the notes holder and the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|         | 
|Note E - |  | Common Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|         | 
|         |  | In February 2006, the Company issued 200,000 shares of its common stock to a consultant/stockholder for services rendered. The Company charged operations in 2006 for $18,000 for the fair value
of services rendered and credited common stock and additional paid-in-capital for $200 and $17,800, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         | 
|         |  | In March 2006, the Company issued 100,000 shares of its common stock to a consultant for services rendered. The Company charged operations in 2006 for $6,000 for the fair value of services
rendered and credited common stock and additional paid-in-capital for $100 and $5,900, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              



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DIAGNOSTIC CORPORATION OF AMERICA AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Clearwater, Florida

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



|         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|-------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note F - |  | Recently Issued Accounting Standards                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|         | 
|         |  | In March 2006, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) No. 156, Accounting for Servicing of
Financial Assets  an amendment of FASB Statement No. 140 (SFAS 156). SFAS 156 amends FASB Statement No. 140 with respect to the accounting for separately recognized servicing assets and servicing liabilities. SFAS 156
requires all separately recognized servicing assets and servicing liabilities to be initially measured at fair value, if practical. SFAS 156 is effective as of the beginning of the first fiscal year that begins after September 15, 2006. As such, the
Company is required to adopt these provisions at the beginning of the fiscal year ended December 31, 2007. The Company is currently evaluating the impact of SFAS 156 on its consolidated financial statements.
|         | 
|Note G - |  | Going Concern                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|         | 
|         |  | The Companys financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the
normal course of business. The Company has reported net losses of $1,830,966 through June 30, 2006. As a result, there is an accumulated deficit of $1,830,966 at June 30, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | 
|         |  | The Companys continued existence is dependent upon its ability to raise capital or to successfully market and sell its products. The consolidated financial statements do not include any
adjustments that might be necessary should the Company be unable to continue as a going concern.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              



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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

We are
a development stage company, incorporated under the laws of the State of Delaware on October 31, 2000 as Galli Process, Inc. On December 31, 2001, Galli Process, Inc. became a majority owned subsidiary of City View TV, Inc., a Florida
corporation (City View). On February 7, 2002, Galli Process, Inc. changed its name to Global Broadcast Group, Inc. On March 1, 2002, City View merged into Global Broadcast Group, Inc., which was the surviving entity. On
November 12, 2004, we changed the name of the Company to Diagnostic Corporation of America (DCA). Our executive offices are located at 14375 Myer Lake Circle, Clearwater FL 33760 and our telephone number is (727) 533-8300. Our
website is dgcponline.com.

We initially began developing technology and programming for the delivery of advertising based content through
satellite transmission and the Internet. In 2004, we redirected our marketing efforts to focus sales of our products and services to the medical diagnostic industry. To accomplish this, we activated a wholly owned subsidiary, Diagnostic Medical
Partners, LLC, a Florida limited liability company (DMP) for the purpose of marketing and leasing diagnostic medical equipment. In 2005, we began the process of identifying outpatient diagnostic healthcare facilities with the goal of
consolidating several facilities into a larger network to provide management expertise and operating efficiencies.

In our search for
acquisition candidates, we met the principals of WiFiMed, Inc., a Delaware Corporation (WiFiMed), and a private, development stage company, that provides wireless patient information through its proprietary product Tablet MD to
physicians and health care providers. After preliminary inquiry, in March 2006, we entered into an agreement in principle with WiFiMed to effect a reverse merger, subject to customary due diligence, board approval and the negotiation and execution
of a definitive agreement of merger. As of the date of this Report, we have not finalized the terms of a merger agreement.

Factors Relating to
Forward-Looking Statements

In connection with forward-looking statements contained in this Form 10-QSB and those that may be made in
the future by or on behalf of the Company which are identified as forward-looking by such words as believes, intends or words of a similar nature, the Company notes that there are various factors that could cause actual
results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this Form 10-QSB were prepared by management and are qualified by, and subject to, significant business, economic,
competitive, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the Company. Accordingly, there can be no assurance that the forward-looking
statements contained in this Form 10-QSB will be realized or the actual results will not be significantly higher or lower.



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##### Table of Contents

These forward-looking statements have not been audited by, examined by, compiled by or subjected to
agreed-upon procedures by independent accountants, and no third party has independently verified or reviewed such statements. Readers of this Form 10-QSB should consider these facts in evaluating the information contained herein. In addition, the
business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in the forward-looking statements contained in this Form 10-QSB. The inclusion of the forward-looking statements contained in this Form
10-QSB should not be regarded as a representation by the Company or any other person that the forward-looking statements contained in this Form 10-QSB will be achieved. In light of the foregoing, readers of this Form 10-QSB are cautioned not to
place undue reliance on the forward-looking statements contained herein.

Results of Operations for the Quarter ended June 30, 2006 as Compared to
Quarter ended June 30, 2005

The following discussion is based upon, and should be read in conjunction with our consolidated
financial statements for the periods ended June 30, 2006 (unaudited) and December 31, 2005 (audited) and the related statements of operations and statements of cash flows, for the six months ended June 30, 2006 and 2005 and the period
from inception (October 31, 2000) through June 30, 2006, together with the notes to the consolidated financial statements. The accompanying consolidated financial statements include the accounts of Diagnostic Corporation of America
(DCA) and our wholly owned subsidiary, Diagnostic Medical Partners, LLC, a Florida limited liability company (DMP).

Revenues

Revenues for the quarter ended June 30, 2006 were $0, no change from the $0 reported for the quarter
ended June 30, 2005.

Selling Expenses

Selling expenses (marketing, commissions and travel) for the quarter ended June 30, 2006 were $0 as compared to $9,812 for the quarter ended June 30, 2005. Selling expenses substantially decreased in light
of our pending reverse merger with WiFiMed described under Plan of Operation.

General and administrative expenses

General and administrative expenses for quarter ended June 30, 2006 were $72,246, a decrease of $3,165 or 4% as compared to
$75,411 for the quarter ended June 30, 2005. General and administrative expenses primarily include salaries, investment banker fees, management fees, professional fees and general operating expenses. We also realized a 47% increase in insurance
expenses for the quarter ending June 30, 2006, up from $4,267 for the quarter ending June 30, 2005 due to a



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monthly rate increase from United Healthcare. Increases were offset by a significant decrease in our general
administrative expenses from $4,199 for the quarter ended June 30, 2005 to $1,063 for the quarter ended June 30, 2006 and transfer agent fees which were $5,317 for the quarter ending June 30, 2005, as compared to $486 for the quarter
ending June 30, 2006.

Interest expense

Interest expense for the quarter ended June 30, 2006 was $135 as compared to $12,000 for the quarter ended June 30, 2005 due to certain Convertible Notes Payable entered into during the first quarter of
2006.

Six months ended June 30, 2006 as compared to six months ended June 30, 2005

Revenues

Revenues for the six months
ended June 30, 2006 were $0, no change from the $0 reported for the six months ended June 30, 2005.

Selling Expenses

Selling expenses (marketing, commissions and travel) for the six months ended June 30, 2006 were $1,874 as compared to $26,518 for
the six months ended June 30, 2005. As indicated in our quarterly comparison, the decrease was due to suspended activity pending due diligence of the proposed reverse merger with WiFiMed.

General and administrative expenses

Total general and administrative expenses for six months ended June 30, 2006 were $156,318 an increase of 17% as compared to $141,507 for the six months ended June 30, 2005. Transfer agent fees were $1,472 for the six months
ending June 30, 2006, as compared to $5,529 for the six months ending June 30, 2005. Our overall general and administrative expenses also decreased 28% from $5,792 for the six months ended June 30, 2005 to $4,144 for the six months
ended June 30, 2006. Decreases were offset by an increase in insurance expenses, $10,368 for the six months ending June 30, 2006, an increase of $1,704 or 20% up from $8,664 for the six months ending June 30, 2005 due an increase in
monthly premiums from United Healthcare. Professional fees increased 61% for the period ended June 30, 2006 due to costs associated with the proposed reverse merger.

Interest expense

Interest expense for the six months ended June 30, 2006 was $8,994, a decrease
of $15,006 or 63% compared to $24,000 for the six months ended June 30, 2005. This was due to the conversion of certain notes into shares of our common stock during the first quarter of 2006.



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##### Table of Contents

Liquidity and Capital Resources

As reflected in the Statement of Cash Flows for the six months ended June 30, 2006 and 2005, net cash flow from operating activities for the six
months ended June 30, 2006 was ($32,497) a decrease of ($91,815) or 74% as compared to ($124,312), for the six months ended June 30, 2005. We realized a significant increase in accounts payable from $2,528 for the period ended
June 30, 2005, to $24,709 for the period ended June 30, 2006. Our accrued interest payable was $8,994 for the period June 30, 2006, as compared to $0 for the period ended June 30, 2005. Accrued payroll was $26,914 for the period
ended June 30, 2006 compared to ($56) as of June 30, 2005.

We continue to rely upon proceeds realized from the issuance of notes
payable and stock sold to an existing shareholder to meet our funding requirements. Due to the lack of any significant revenues, we have relied upon proceeds from the sales of our common stock through private placements and the issuance of notes
payable to meet our funding requirements. Funds raised by us in the second quarter of 2006, were spent primarily in connection with due diligence of the proposed reverse merger.

In the immediate future, we expect to spend an additional $5,000 to $10,000 on due diligence costs. The significant expenses will be professional fees
which will include additional legal, audit and accounting fees associated with the proposed reverse merger.

Financing/Capital Commitments

In connection with the proposed reverse merger, WiFiMed loaned $25,000 to DCA. The loan was secured by 3,000,000 shares of DCA common
stock subject to the terms and conditions of a Stock Pledge Agreement and Promissory Note.

Although our stockholders have committed to
providing additional funds if funding is not available from any other sources, we cannot give assurance that our stockholders will continue to fund us or that we will enter into any new commitment, or that the terms of any such commitments will be
on terms favorable to us. We may, if necessary, conduct a private placement or public offering of our stock.

Off-Balance Sheet Items

We have no material off-balance sheet arrangements.



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##### Table of Contents

Application of Critical Accounting Policies

Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing
financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates and assumptions are affected by managements application of accounting
policies. Our critical accounting policies include revenue recognition, accounting for income taxes and earnings per share, and accounting and reporting for development stage companies. A summary of our significant accounting policies is set forth
in Note C to our consolidated financial statements attached to our Form 10-KSB filed March 23, 2006.

Recently Issued Accounting Standards

Several Statements of Financial Accounting Standards were recently issued that apply to the Company and will likely be adopted by the
Company in 2006. These statements are more fully described in Note C to our consolidated financial statements attached to our Form 10-KSB filed March 23, 2006, and apply to accounting changes and error corrections and accounting for certain
hybrid financial instruments. We are currently evaluating the impact of these statements on our future consolidated financial statements and operations.

Plan of Operation

In March 2006, we entered into an agreement in principle with WiFiMed to effect a reverse merger. If
consummated, the transaction will involve, among other things, a change in control and will likely involve significant dilution to our current stockholders. Under the proposed terms, we will form a wholly owned subsidiary (Newco);
implement a reverse split of approximately 1:8; and increase our authorized capital to 75,000,000 shares. Upon completion of these events, Newco will merge with and into WiFiMed with WiFiMed remaining as the surviving corporation and become a
wholly-owned subsidiary of DCA (the Merger). In exchange for shares of WiFiMed stock, WiFiMed stockholders will be entitled to receive such number of shares of our stock representing approximately 90% of the outstanding common shares of
DCA after giving effect to the Merger. Upon completion of the Merger, we will cease all of our current remaining operations and will adopt and implement the business plan of WiFiMed.

As of the date of this Report, we have not executed a definitive merger agreement and continue to finalize the terms of the transaction.

Employees

We have two full-time employees.



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##### Table of Contents

ITEM 3. CONTROLS AND PROCEDURES

There have been no changes in our internal control over financial
reporting as defined in Rule 13a-15(f) of the Act that occurred during the quarter ended June 30, 2006, that has materially affected, or is reasonably likely to affect, our internal control over the financial reporting. We intend to continually
review and evaluate the design and effectiveness of our disclosure controls and procedures and to improve our controls and procedures over time and to correct any deficiencies that we may discover in the future.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As of the date of this report, we are not a party to any pending legal
proceeding and are not aware of any threatened legal proceeding.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

In June 2006, we agreed to reserve
3,000,000 shares of restricted common stock to secure a $25,000 promissory note from WiFiMed pursuant to the terms of our agreement in principle with WiFiMed and subject to completion of a definitive merger agreement. This transaction was exempt
from registration under Section 4(2) of the Securities Act.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

There have been no material defaults in the payments of
principal, interest, a sinking or purchase fund installment, or any other material default not cured within thirty days during the quarter covered by this report.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter has been submitted to a vote of
security holders through solicitation or proxies during the quarter covered by this report.

ITEM 5. OTHER INFORMATION

We entered into an agreement in principle with WiFiMed, Inc., a Delaware
Corporation (WiFiMed), to effect a reverse merger transaction as more fully described in Item 2 of this Report and on Form 8-K filed March 24, 2006.



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##### Table of Contents

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) The exhibits required by Item 601 of Regulation S-B,
as described in the following index of exhibits, are incorporated by reference or filed with this report as follows:



|            |  |                                                                                                                                
|----------- |  | -------------------------------------------------------------------------------------------------------------------------------
|EXHIBIT NO. |  | DESCRIPTION OF EXHIBIT                                                                                                         
|31          |  | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|            | 
|32          |  | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(b) N/A



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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned authorized officers.



|                      |  |                                                                                                   
|--------------------- |  | --------------------------------------------------------------------------------------------------
|Date: August 18, 2006 |  | /s/ Sam Winer                                                                                     
|                      |  | Sam Winer                                                                                         
|                      |  | Chief Executive Officer, Chief Financial Officer, Secretary and Chairman of the Board of Directors



17