SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549


-----------------------------------------




FORM
10-KSB/A
 (Amendment
No. 2 )


-----------------------------------------




ANNUAL
REPORT UNDER SECTION 13 OR 15(D) OF THE


SECURITIES
EXCHANGE ACT OF 1934




x
            ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
      ACT OF 1934




For
Fiscal Year EndedDecember
31, 2007




Commission
File #000-30327




SEGWAY IV CORP.


(Exact
name of registrant as specified in its charter)




New
Jersey


(State or
other jurisdiction of incorporation or organization)




22-3719169


(IRS
Employer Identification Number)




213
South Oak Avenue, Owatonna, Minnesota 55060


(Address
of principal executive offices )(Zip Code)




(507)
446-9166


(Registrant’s
telephone no., including area code)




Securities
      registered pursuant to Section 12(b) of the Act:
            None




Title
      of each class
            Name
      of each exchange on which registered-------------------
            -----------------------------------------




Securities
registered pursuant to Section 12(g) of the Act:




Common
Stock, $0.0001 par value


-------------------------------


(Title of
class)




(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 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  £




Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B not contained in this form, and no disclosure will be contained,
to the best of the registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. ( )




Revenues
for year ended December 31, 2007: $-0-




Aggregate
market value of the voting common stock held by non-affiliates of the registrant
as of March 28, 2008, was: $-0-




Number of
shares of the registrant’s common stock outstanding as of March 28, 2008 is:
5,250,000




We do not
have a Transfer Agent.













Explanatory
Note





This
Annual Report on Form 10-KSB/A is filed as an amendment to the Annual Report on
Form 10-KSB filed by Segway IV Corp. (the “Company”) on March 31, 2008 (the
“Original 10-KSB”). The Company is amending Item 8(a) (Controls and Procedures)
to conclude that our disclosure controls and procedures are not effective
because we failed to include our Management’s Report on Internal Control
over Financial Reporting which was a failure to comply with the required
disclosures under provisions of Item 308 in Regulation
S-K.












PART I




ITEM
1. DESCRIPTION OF BUSINESS




GENERAL




Segway IV
Corp. (the “Company”), was incorporated on March 31, 2000, under the laws of the
State of New Jersey to engage in any lawful corporate undertaking, including,
but not limited to, selected mergers and acquisitions. We have been in the
developmental stage since inception and have no operations to date. On December
18, 2002, Jaguar Communications, Inc., a Minnesota corporation acquired all of
the issued and outstanding shares of Segway IV Corp. from the Segway
shareholders in consideration for the aggregate sum of $12,500. Pursuant to
same, Richard I. Anslow resigned as our sole director and sole officer and Donny
Smith was appointed our President, Chief Executive Officer, Chief Financial
Officer, Secretary and Director.




We will
attempt to locate and negotiate with a business entity for the combination of
that target company with us. The combination will normally take the form of a
merger, stock-for-stock exchange or stock-for-assets exchange. In most
instances, the target company will wish to structure the business combination to
be within the definition of a tax-free reorganization under Section 351 or
Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can
be given that we will be successful in locating or negotiating with any target
company.




We have
been formed to provide a method for a foreign or domestic private company to
become a reporting (“public”) company whose securities are qualified for trading
in the United States secondary market.




PERCEIVED
BENEFITS




There are
certain perceived benefits to being a reporting company with a class of
publicly- traded securities. These are commonly thought to include the
following:




*
              the
      ability to use registered securities to make acquisitions of assets or
      businesses;*
              increased
      visibility in the financial community;*
              the
      facilitation of borrowing from financial institutions;*
              improved
      trading efficiency;*
              shareholder
      liquidity;*
              greater
      ease in subsequently raising capital;*
              compensation
      of key employees through stock options for which there may be a market
      valuation;*
              enhanced
      corporate image;*
              a
      presence in the United States capital
market.




1








POTENTIAL
TARGET COMPANIES




A
business entity, if any, which may be interested in a business combination with
us may include the following:




*
            a
      company for which a primary purpose of becoming public is the use of its
      securities for the acquisition of assets or businesses;*
            a
      company which is unable to find an underwriter of its securities or is
      unable to find an underwriter of securities on terms acceptable to it;*
            a
      company which wishes to become public with less dilution of its common
      stock than would occur upon an underwriting;*
            a
      company which believes that it will be able to obtain investment capital
      on more favorable terms after it has become public;*
            a
      foreign company which may wish an initial entry into the United States
      securities market;*
            a
      special situation company, such as a company seeking a public market to
      satisfy redemption  requirements under a qualified Employee
      Stock Option Plan;*
            a
      company seeking one or more of the other perceived benefits of becoming a
      public company.




A
business combination with a target company will normally involve the transfer to
the target company of the majority of our issued and outstanding common stock,
and the substitution by the target company of its own management and board of
directors.




No
assurances can be given that we will be able to enter into a business
combination, as to the terms of a business combination, or as to the nature of
the target company.




EMPLOYEES




We have
no full time employees. Donny Smith, our sole officer and director has agreed to
allocate a portion of his time to the activities, without compensation.
Mr. Smith anticipates that our business plan can be implemented by his
devoting no more than 10 hours per month to our business affairs and,
consequently, conflicts of interest may arise with respect to the limited time
commitment by Mr. Smith.







2








ITEM
2. DESCRIPTION OF PROPERTY




We have
no properties and at this time have no agreements to acquire any properties. We
currently use the offices of management at no cost to us. Management has agreed
to continue this arrangement until we complete an acquisition or merger.




ITEM
3. LEGAL PROCEEDINGS




There is
no litigation pending or threatened by or against us.




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




None.


PART II




ITEM
5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS




On December
31, 2007, there is one shareholder of record of our common stock. Our shares of
common stock have never been traded on any recognized stock
exchange.




DIVIDENDS




We do not
intend to retain future earnings to support our growth. Any payment of cash
dividends in the future will be dependent upon: the amount of funds legally
available therefore; our earnings; financial condition; capital requirements;
and other factors which our Board of Directors deems relevant.




ITEM
6. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS




Plan of
Operation




We are
continuing its efforts to locate a merger candidate for the purpose of a merger.
It is possible that we will be successful in locating such a merger candidate
and closing such merger. However, if we cannot effect a non-cash acquisition, we
may have to raise funds from a private offering of our securities under Rule 506
of Regulation D. There is no assurance we would obtain any such equity funding.




Results of
Operation




We did
not have any operating income from inception (March 31, 2000) through December
31, 2007. For the year ended December 31, 2007, we recognized a net loss of
$2,500. Some general and administrative expenses during the year were accrued.
Expenses for the year were comprised of costs mainly associated with legal,
accounting and office.




Liquidity and Capital
Resources




At
December 31, 2007, we had no capital resources and will rely upon the issuance
of common stock and additional capital contributions from shareholders to fund
administrative expenses pending acquisition of an operating company.




ITEM
7. FINANCIAL STATEMENTS






3




SEGWAY
IV CORP.
 (a
development stage company)
  FINANCIAL
STATEMENTS
  AS
OF DECEMBER 31, 2007
 
 
 
 SEGWAY IV
CORP.
 (a
development stage company)
 Financial
Statements Table of Contents
  FINANCIAL
      STATEMENTS
                      Page
      #Report of
      Independent Registered Auditor
                      F-1Balance
      Sheet
                      F-2Statement of
      Operations and Retained Deficit
                      F-3Statement of
      Stockholders Equity
                      F-4Cash Flow
      Statement
                      F-5Notes to the
      Financial Statements
                      F-6
 
 
  Report of Independent
Registered Public Accounting Firm
 
 We have
audited the accompanying balance sheets of Segway IV Corp. as of December 31,
2007 and December 31, 2006 and the related statements of operations,
stockholders’ equity, and cash flows for the twelve months then ended. These
financial statements are the responsibility of company’s management. Our
responsibility is to express an opinion on these financial statements based on
our audit.
 
 We
conducted our audit in accordance with standards of The Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statements presentation. We believe that our audit provides a
reasonable basis for our opinion.
 
 In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Segway IV Corp. at December 31,
2007 and December 31, 2006 and the results of its operations and its cash flows
for the twelve months then ended in conformity with U.S. Generally Accepted
Accounting Principles.
 
 Gately
& Associates, L.L.C.
 Altamonte
Springs, FL
 February
25, 2008
 F-1
  SEGWAY
      IV CORP.(a
      development stage company)BALANCE
      SHEETSAs
      of December 31, 2007 and December 31, 2006ASSETSCURRENT
      ASSETS
                  
                  12/31/07
                  
                  
                  12/31/2006Cash
                  
                  $
                  -
                  
                  
                  $
                  -Total
      Current Assets
                  
                  
                  -
                  
                  
                  
                  -TOTAL
      ASSETS
                  
                  $
                  -
                  
                  
                  $
                  -LIABILITIES AND
      STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccrued
      Expenses
                  
                  $
                  13,350
                  
                  
                  $
                  10,850Total
      Current Liabilities
                  
                  
                  13,350
                  
                  
                  
                  10,850TOTAL
      LIABILITIES
                  
                  
                  13,350
                  
                  
                  
                  10,850STOCKHOLDERS'
      EQUITYPreferred Stock
      - Par value $0.0001;Authorized:
      20,000,000None
      issues and outstanding
                  
                  
                  -
                  
                  
                  
                  -Common
      Stock - Par value $0.0001;Authorized:
      100,000,000Issued
      and Outstanding: 5,250,000
                  
                  
                  525
                  
                  
                  
                  525Additional
      Paid-In Capital
                  
                  
                  425
                  
                  
                  
                  425Accumulated
      Deficit
                  
                  
                  (14,300
                  )
                  
                  
                  (11,800
                  )Total
      Stockholders' Equity
                  
                  
                  (13,350
                  )
                  
                  
                  (10,850
                  )TOTAL
      LIABILITIES AND EQUITY
                  
                  $
                  -
                  
                  
                  $
                  -
  The
accompanying notes are an integral part of these financial
statements.
   F-2
  SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the twelve months ending December 31, 2007 and 2006From
      inception (March 31,2000) through December 31, 200712
      MONTHS
                
                
                12
      MONTHSENDING
                
                
                ENDING
                
                
                FROM12/31/2007
                
                
                12/31/2006
                
                
                INCEPTIONREVENUE
                
                $
                -
                
                
                $
                -
                
                
                $
                -COST
      OF SERVICES
                
                
                -
                
                
                
                -
                
                
                
                -GROSS PROFIT OR
      (LOSS)
                
                
                -
                
                
                
                -
                
                
                
                -GENERAL AND
      ADMINISTRATIVE EXPENSES
                
                
                2,500
                
                
                
                1,300
                
                
                
                14,300NET INCOME
      (LOSS)
                
                
                (2,500
                )
                
                
                (1,300
                )
                
                
                (14,300
                )ACCUMULATED DEFICIT,
      BEGINNING BALANCE
                
                
                (11,800
                )
                
                
                (10,500
                )
                
                
                -ACCUMULATED DEFICIT,
      ENDING BALANCE
                
                $
                (14,300
                )
                
                $
                (11,800
                )
                
                $
                (14,300
                )Earnings (loss) per
      share
                
                $
                (0.00
                )
                
                $
                (0.00
                )Weighted average
      number of common shares
                
                
                5,250,000
                
                
                
                5,250,000
  The accompanying notes are
an integral part of these financial statements.
   F-3
  SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (March 31, 2000) through December 31, 2007COMMON
                
                
                ADDITIONAL
                
                
                ACCUM.
                
                
                TOTALSHARES
                
                
                STOCK
                
                
                PAID
      IN
                
                
                DEFICIT
                
                
                EQUITYStock
      Issued for cash
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                225
                
                
                $
                -
                
                
                $
                750Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (837
                )
                
                
                (837
                )Total,
      December 31, 2000
                
                
                5,250,000
                
                
                
                525
                
                
                
                225
                
                
                
                (837
                )
                
                
                (87
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                124
                
                
                
                
                
                
                
                124Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (926
                )
                
                
                (926
                )Total,
      December 31, 2001
                
                
                5,250,000
                
                
                
                525
                
                
                
                349
                
                
                
                (1,763
                )
                
                
                (889
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                76
                
                
                
                
                
                
                
                76Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (912
                )
                
                
                (912
                )Total,
      December 31, 2002
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (2,675
                )
                
                
                (1,725
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (3,825
                )
                
                
                (3,825
                )Total,
      December 31, 2003
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (6,500
                )
                
                
                (5,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,925
                )
                
                
                (1,925
                )Total,
      December 31, 2004
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (8,425
                )
                
                
                (7,475
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,075
                )
                
                
                (2,075
                )Total,
      December 31, 2005
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (10,500
                )
                
                
                (9,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,300
                )
                
                
                (1,300
                )Total,
      December 31, 2006
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (11,800
                )
                
                
                (10,850
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,500
                )
                
                
                (2,500
                )Total,
      December 31, 2007
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                425
                
                
                $
                (14,300
                )
                
                $
                (13,350
                )
  The accompanying notes are
an integral part of these financial statements.
   F-4
  SEGWAY
      IV CORP.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the twelve months ending December 31, 2007 and 2006,from
      inception (March 31, 2000) through December 31, 200712
      MONTHS
                  
                  
                  12
      MONTHSENDING
                  
                  
                  ENDING
                  
                  
                  FROMCASH FLOWS FROM
      OPERATING ACTIVITIES
                  
                  12/31/07
                  
                  
                  12/31/2006
                  
                  
                  INCEPTIONNet
      income (loss)
                  
                  $
                  (2,500
                  )
                  
                  $
                  (1,300
                  )
                  
                  $
                  (14,300
                  )Increase
      (Decrease) in Accrued Expenses
                  
                  
                  2,500
                  
                  
                  
                  1,300
                  
                  
                  
                  13,350Net
      cash provided by (used in) operating activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (950
                  )CASH FLOWS FROM
      INVESTING ACTIVITIESNone
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Net
      cash flows provided by (used in) investing activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH FLOWS FROM
      FINANCING ACTIVITIESProceeds from
      capital contributions
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  200Proceeds from
      stock issuance
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  750Net
      cash flows provided by (used in) financing activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  950CASH
      RECONCILIATIONNet
      increase (decrease) in cash
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash -
      beginning balance
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH BALANCE - END OF
      PERIOD
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
  The accompanying notes are
an integral part of these financial statements.
   F-5
  SEGWAY
IV CORP.
 (a
development stage business)
 FOOTNOTES
TO THE FINANCIAL STATEMENTS
  1. Summary of significant
accounting policies:
  Industry- Segway IV Corp. (The Company), a
Company incorporated in the state of New Jersey as of March 31, 2000, plans to
locate and negotiate with a business entity for the combination of that target
company with The Company. The combination will normally take the form of a
merger, stock-for-stock exchange or stock- for-assets exchange. In most
instances the target company will wish to structure the business combination to
be within the definition of a tax-free reorganization under Section 351 or
Section 368 of the Internal Revenue Code of 1986, as amended. No
assurances can be given that The Company will be successful in locating or
negotiating with any target company.
  The
Company has been formed to provide a method for a foreign or domestic private
company to become a reporting (“public”) company whose securities are qualified
for trading in the United States secondary market.
  Results of Operations and
Ongoing Entity - The Company is considered to be an ongoing entity. The
Company’s shareholders fund any shortfalls in The Company’s cash flow on a day
to day basis during the time period that The Company is in the development
stage.
  Liquidity and Capital
Resources - In addition to the stockholder funding capital shortfalls;
The Company anticipates interested investors that intend to fund the Company’s
growth once a business is located.
  Cash and Cash
Equivalents - The Company considers cash on hand and amounts on deposit
with financial institutions which have original maturities of three months or
less to be cash and cash equivalents.
  Basis of Accounting -
The Company’s financial statements are prepared in accordance with generally
accepted accounting principles.
  Income
Taxes- The Company
utilizes the asset and liability method to measure and record deferred income
tax assets and liabilities. Deferred tax assets and liabilities reflect the
future income tax effects of temporary differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases and are measured using enacted tax rates that apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled. Deferred tax assets are reduced by a valuation
allowance when in the opinion of management; it is more likely than not that
some portion or all of the deferred tax assets will not be realized. At this
time, The Company has set up an allowance for deferred taxes as there is no
company history to indicate the usage of deferred tax assets and
liabilities.
  Fair Value of Financial
Instruments - The Company’s financial instruments may include cash and
cash equivalents, short-term investments, accounts receivable, accounts payable
and liabilities to banks and shareholders. The carrying amount of long-term debt
to banks approximates fair value based on interest rates that are currently
available to The Company for issuance of debt with similar terms and remaining
maturities. The carrying amounts of other financial instruments approximate
their fair value because of short-term maturities.
  Concentrations of Credit
Risk - Financial instruments which potentially expose The Company to
concentrations of credit risk consist principally of operating demand deposit
accounts. The Company’s policy is to place its operating demand deposit accounts
with high credit quality financial institutions. At this time The Company has no
deposits that are at risk.
 
  F-6
   2.
Related Party Transactions and Going Concern:
  The
Company’s financial statements have been presented on the basis that it is a
going concern in the development stage, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. At
this time The Company has not identified the business that it wishes to engage
in.
  The
Company’s shareholders fund The Company’s activities while The Company takes
steps to locate and negotiate with a business entity for combination; however,
there can be no assurance these activities will be successful.
  3.
Accounts Receivable and Customer Deposits:
  Accounts
receivable and Customer deposits do not exist at this time and therefore have no
allowances accounted for or disclosures made.
  4.
Use of Estimates:
  Management
uses estimates and assumptions in preparing these financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenue and
expenses. Management has no reason to make estimates at this time.
  5.
Revenue and Cost Recognition:
  The
Company uses the accrual basis of accounting in accordance with generally
accepted accounting principles for financial statement reporting.
  6.
Accrued Expenses:
  Accrued
expenses consist of accrued legal, accounting and office costs during this stage
of the business.
  7.
Income Taxes:
  The income tax payable
that was accrued for the year ended December 31, 2007 was offset by the
Company’s net operating loss carry-forward therefore the provisions for income
tax in the income statement is $0.  For the twelve months ended
December 31, 2007 the Company had an operating loss of $2,500, which is a loss
that can be carried forward to offset future income for a period of 20 years.
The Company has net operating loss carry-forwards that were derived solely from
operating losses. These amounts can be carried forward to be used to offset
future income for tax purposes for a period of 20 years for each year’s loss.
The accounting for these losses derives a deferred tax asset for the twelve
months ended December 31, 2007 of 2,860.
  No provision was made for
federal income tax since the Company has significant net operating losses. From
inception through December 31, 2007, the Company incurred net operating losses
for tax purposes of approximately $14,300. The net operating loss carry forwards
may be used to reduce taxable income through the years 2020 to 2027. The
availability of the Company’s net operating loss carry-forwards are subject to
limitation if there is a 50% or more positive change in the ownership of the
Company’s stock. The provision for income taxes consists of the federal and
state minimum tax imposed on corporations.
  Deferred income taxes
reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial statement purposes and the
amounts used for income tax purposes. Significant components of the Company's
deferred tax liabilities and assets as of December 31, 2007 are as
follows:
   F-7
   Deferred
      tax assets:Federal
      net operating loss
                
                $
                2,145State
      net operating loss
                
                
                715Total
      deferred tax assets
                
                
                2,860Less
      valuation allowance
                
                
                (2,860
                )$
                --
   The Company has provided a
100% valuation allowance on the deferred tax assets at December 31, 2007 to
reduce such asset to zero, since there is no assurance that the Company will
generate future taxable income to utilize such asset. Management will review
this valuation allowance requirement periodically and make adjustments as
warranted.
  The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended December 31, 2007 and December 31, 2006 is as
follows:
   2007
                
                2006Federal
      income tax rate
                
                
                (15.0
                %)
                
                (15.0
                %)State
      tax, net of federal benefit
                
                
                (5.0
                %)
                
                (5.0
                %)Increase
      in valuation allowance
                
                
                20.0
                %
                
                20.0
                %Effective
      income tax rate
                
                
                0.0
                %
                
                0.0
                %
   8.
Operating Lease Agreements:
  The
Company has no agreements at this time.
  9.
Stockholder’s Equity:
  Common
Stock includes 100,000,000 shares authorized at a par value of $0.0001, of which
5,250,000 have been issued for the amount of $750. The shareholders contributed
an additional $200 to capital during the years 2001 and 2002. The Company has
also authorized 20,000,000 shares of preferred stock at a par value of $0.0001,
none of which have been issued.
  10.
Required Cash Flow Disclosure for Interest and Taxes
Paid:
  The
company has paid no amounts for federal income taxes and interest.
  11.
Earnings Per Share:
  Basic
earnings per share (“EPS”) is computed by dividing earnings available to common
shareholders by the weighted-average number of common shares outstanding for the
period as required by the Financial Accounting Standards Board (FASB)under
Statement of Financial Accounting Standards (SFAS) No. 128, “Earnings per
Shares”. Diluted EPS reflects the potential dilution of securities that could
share in the earnings.






F-8




ITEM
8.CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE





Our
accountant is Gately & Associates, LLC, CPAs, independent certified public
accountants. We do not presently intend to change accountants. At no time have
there been any disagreements with such accountants regarding any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure.




ITEM
8A. CONTROLS AND PROCEDURES






Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as
amended (Exchange Act), as of December 31, 2007.  Based on this
evaluation, our principal executive officer and principal financial officer
concluded that our disclosure controls and procedures are not effective to
ensure that information required to be disclosed by us in the reports we file or
submit under the Exchange Act is recorded, processed, summarized, and reported
within the time periods specified in the Securities and Exchange Commission’s
rules based on the material weakness described below:
 
 -
                We
      failed to include the Management’s Report on Internal Control Over
      Financial Reporting in our Form 10-KSB filed on March 31,
      2008.
 
 We are
developing a plan to ensure that all information will be recorded, processed,
summarized and reported accurately, and as of the date of this report, we have
taken the following steps to address the above-referenced material weaknesses in
our internal control over financial reporting:
 
 1.
                We
      have amended the Form 10-KSB to include the Management’s Report on
      Internal Controls Over Financial
Reporting;
 
 2.
                We
      will continue to educate our management personnel to comply with the
      disclosure requirements of Securities Exchange Act of 1934 and Regulation
      S-K; and
 
 3.
                increase
      management oversight of accounting and reporting functions in the
      future.
  MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
 
 Management
of the Company is responsible for establishing and maintaining effective
internal control over financial reporting as defined in Rule 13a-15(f) under the
Exchange Act.  The Company’s internal control over financial reporting
is designed to provide reasonable assurance to the Company’s management and
Board of Directors regarding the preparation and fair presentation of published
financial statements in accordance with United State’s generally accepted
accounting principles (US GAAP), including those policies and procedures that:
(i) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of
the company, (ii) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with US GAAP and that receipts and expenditures are being made only
in accordance with authorizations of management and directors of the company,
and (iii) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of the company’s
assets that could have a material effect on the financial statements.
  Management
conducted an evaluation of the effectiveness of internal control over financial
reporting based on the framework in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission.  Management’s assessment included an evaluation of the
design of our internal control over financial reporting and testing of the
operational effectiveness of our internal control over financial
reporting.  Based on this assessment, Management concluded the Company
maintained effective internal control over financial reporting as of December
31, 2007.
  Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements.  Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to
financial statement preparation and presentation.
  This
annual report does not include an attestation report of the Company’s registered
public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to attestation by our
registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit the Company to provide only management’s
report in this Annual Report.




ITEM 8B. OTHER INFORMATION




None.






4






PART III




ITEM
9.DIRECTORS,
EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16(A)
OF THE EXCHANGE ACT




Our sole
director and officer, as of December 31, 2007 and March 28, 2008, are set forth
below. The directors hold office for their respective term and until their
successors are duly elected and qualified. Vacancies in the existing Board are
filled by a majority vote of the remaining directors. The officers serve at the
will of the Board of Directors.




Name
            Age
            Positions
      and Offices HeldDonny
      Smith
            50
            President/Secretary/Director




BUSINESS
EXPERIENCE




Set forth
below is the name of our director and officer, all positions and offices with us
held, the period during which he has served as such, and the business experience
during at least the last five years:




Donny
Smith, is a co-founder and the Chairman and CEO of Jaguar Communications, Inc.
Prior to this position, Donny was the founder and CEO of Local Link, a regional
internet company, from 1995 to 1999. In the 1980’s, he was the Chairman and CEO
of the Minnesota Cattle Company, a dairy cattle export operation.




Mr. Smith
received a BS degree in International Business and Computer Science from Mankato
State University in 1991 and his MBA from The William E. Simon School of
Management in Rochester, NY in 1995.




Mr. Smith
has 5 years of experience in the field of telecommunications. Prior to working
in this area, he worked in the internet and software development areas. He has
worked or contracted for companies that include IBM, Local-Link, Xerox, Sunrise
Software, E.F. Johnson Companies, Jostens, Ford, and many others. He has
experience in Electronics, Software Engineering, Systems Development and System
Testing as well as Executive Management.




CERTAIN
LEGAL PROCEEDINGS




No
director, nominee for director, or executive officer has appeared as a party in
any legal proceeding material to an evaluation of his ability or integrity
during the past five years.




COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT




Section
16(a) of the Securities Exchange Act of 1934 requires the Company's officers and
directors, and persons who own more than 10 percent of a registered class of the
Company's equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission (SEC). Officers,
directors, and greater than 10 percent stockholders are required by SEC
regulation to furnish the Company with copies of all Section 16(a) forms they
file.




To the
Company's knowledge, based solely on a review of the copies of such reports
furnished to the Company, all reports under Section 16(a) required to be filed
by its officers and directors and greater than ten percent beneficial owners
were timely filed as of the date of this filing.






5





ITEM
10. EXECUTIVE COMPENSATION




Our
officer and director does not receive any compensation for his services rendered
to us, has not received such compensation in the past, and is not accruing any
compensation pursuant to any agreement with us. However, our officer and
director anticipates receiving benefits as a beneficial shareholder of us and,
possibly, in other ways.




No
retirement, pension, profit sharing, stock option or insurance programs or other
similar programs have been adopted by us for the benefit of our
employees.




ITEM
11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT




Name
            Number
      of Total Shares
            %
      of ShareholdingsJaguar
      Communications, Inc.
            5,250,000(1)
            100%213
      South Oak AvenueOwatonna,
      Minnesota  55060




(1)
Jaguar Communications, Inc.’s 5% or greater voting and ownership shareholders
are as follows: Donny Smith - 13.05% voting, 13.27% ownership; Andrew T. Tanabe
- 12.73% voting, 12.86% ownership ; Carl F. Schick - 12.04% voting, 12.17%
ownership; John C. Pegg - 11.02% voting, 8.46% ownership; Jay K. Clark - 8.62%
voting, 8.75% ownership; Klee Smith - 8.78% voting, 7.44% ownership and Greater
Minnesota Synergy, Inc. - 15% voting; 15% ownership.




ITEM 12. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS.




We
currently use the offices of management at no cost to us. Management has agreed
to continue this arrangement until we complete an acquisition or
merger.




ITEM
13. EXHIBITS AND REPORTS ON FORM 8-K




(a)
            The
      following documents are filed as part of this report:1.
            Financial
      statements; see index to financial statements and schedules in Item 7
      herein.2.
            Financial
      statement schedules; see index to financial statements and schedules in
      Item 7 herein.




3.
Exhibits:




The
following exhibits are filed with this Form 10-KSB and are identified by the
numbers indicated; see index to exhibits immediately following financial
statements and schedules of this report.




EXHIBIT
INDEX




3.1
            Articles
      of Incorporation (1)3.2
            By-laws
      (1)14
            Code
      of Ethics31.1
            302
      Certification of Certifying Officer32.1
            906
      Certification of Certifying Officer




(1)
Incorporated by reference to our Form 10-SB (SEC File No.
000-30327).






6








ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES




Audit
Fees




For our
fiscal year ended December 31, 2007, we were billed approximately $1,500 for
professional services rendered for the audit of our financial statements. We
also were billed approximately $0.00 and $0.00 for the review of financial
statements included in our periodic and other reports filed with the Securities
and Exchange Commission for our year ended December 31, 2007,
respectively.




Tax
Fees




For our
fiscal year ended December 31, 2007, we were billed approximately $500 for
professional services rendered for tax compliance, tax advice, and tax
planning.




All Other
Fees




We did
not incur any other fees related to services rendered by our principal
accountant for the fiscal year ended December 31, 2007.




7


SIGNATURES




Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, there unto duly authorized.






Segway IV
      Corp.By:
            /s/ Donny
      SmithDonny
      SmithPresident,
      Secretary and Director




Dated:
August 22 , 2008




Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.




NAME
            TITLE
            DATE/s/ Donny
      Smith
            President,
      Secretary and Director
            August
      22 , 2008Donny
      Smith