SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   FORM 10-KSB

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

                 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 Ended
                                December 31, 2004

                            Commission File #0-30327

                                 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)

                         -------------------------------
                                (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 [   ]

                                        1
<PAGE>



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, 2004: $-0-

Aggregate market value of the voting common stock held by non-affiliates of the
registrant as of March 29, 2005, was: $-0-

Number of shares of the registrant's common stock outstanding as of March 29,
2005 is: 5,250,000

We do not have a Transfer Agent.


                                        2
<PAGE>



                                     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 has 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;


                                        3
<PAGE>



*    enhanced corporate image;

*    a presence in the United States capital market.

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


                                        4
<PAGE>



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.

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.

<PAGE>

                                    PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

On March 29, 2005, 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, 2004. For the year ended December 31, 2004, we recognized a net
loss of $8,425. Some general and administrative expenses during the quarter were
accrued. Expenses for the quarter were comprised of costs mainly associated with
legal, accounting and office.

Liquidity and Capital Resources
-------------------------------

At December 31, 2004, 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

Our financial statements, together with the report of auditors, are as follows:

                                 SEGWAY IV CORP.


                              FINANCIAL STATEMENTS







                             AS OF DECEMBER 31, 2004






Segway IV Corp.
Financial Statements Table of Contents




         FINANCIAL STATEMENTS                                    Page #


            Independent Auditors Report                            1


            Balance Sheet                                          2


            Statement of Operations and Retained Deficit           3


            Statement of Stockholders Equity                       4


            Cash Flow Statement                                    5


            Notes to the Financial Statements                      6
















<PAGE>



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To The Board of Directors
Segway IV Corp..


We have audited the accompanying balance sheet of Segway IV Corp.. (a
development stage company), as of December 31, 2004 and 2003, and the related
statement of operations, equity and cash flows from inception (March 31, 2000)
through December 31, 2004. These financial statements are the responsibility of
the 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 the 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 statement 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., as of December
31, 2004 and 2003, and the results of its operations and its cash flows from
inception (March 31, 2000) through December 31, 2004 in conformity with U.S.
generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in the footnotes to the
financial statements, the Company has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about its ability
to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.




Gately & Associates, LLC
Altamonte Springs, FL
February 5, 2005

                                      F-1

<PAGE>

<TABLE>

                                 SEGWAY IV CORP.
                                  BALANCE SHEET
                             As of December 31, 2004
                              and December 31, 2003


                                     ASSETS


CURRENT ASSETS                                                 December 31, 2004      December 31, 2003

<S>                                                                 <C>                    <C>
        Cash                                                        $    (0)               $    (0)
                                                                    -------                -------




                      TOTAL ASSETS                                  $    (0)               $    (0)
                                                                    =======                =======


                 LIABILITIES AND STOCKHOLDERS' EQUITY




CURRENT LIABILITIES

    Accrued expenses                                                $ 7,475                $ 5,550
                                                                    -------                -------


                      TOTAL LIABILITIES                               7,475                  5,550
                                                                    -------                -------

STOCKHOLDERS' EQUITY

       Common Stock - par value $0.0001;
         100,000,000 shares authorized;
         5,250,000 issued and outstanding                               525                    525

       Additional paid in capital                                       425                    425

       Preferred Stock - Par value $0.0001;
         20,000,000 shares authorized;
         none issued and outstanding                                      0                      0

       Accumulated Deficit                                           (8,425)                (6,500)
                                                                    -------                -------

       Total stockholders' equity                                    (7,475)                (5,550)
                                                                    -------                -------


           TOTAL LIABILITIES AND EQUITY                             $    (0)               $    (0)
                                                                    =======                =======

</TABLE>





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

                                      F-2

<PAGE>

<TABLE>

                                 SEGWAY IV CORP.
                             STATEMENT OF OPERATIONS
                For the twelve months ended December 31, 2004 and
                2003, and from inception (March 31, 2000) through
                                December 31, 2004


<CAPTION>

                                                      Twelve Months    Twelve Months    From Inception to
                                                      Dec. 31, 2004    Dec. 31,2003     Dec. 31, 2004

<S>                                               <C>                <C>                <C>
REVENUE                    Sales                  $         0        $         0        $         0
                           Cost of sales                    0                  0                  0

     GROSS PROFIT                                           0                  0                  0

     GENERAL AND ADMINISTRATIVE EXPENSES                1,925              3,825              8,425

     NET LOSS                                          (1,925)            (3,825)            (8,425)

     ACCUMULATED DEFICIT, BEGINNING BALANCE            (6,500)            (2,675)                (0)

     ACCUMULATED DEFICIT, ENDING BALANCE          $    (8,425)       $    (6,500)       $    (8,425)
                                                  ===========        ===========        ===========


NET EARNINGS PER SHARE

         Basic and Diluted
         Net loss per share                    (Less than .01)    (Less than .01)

Basic and Diluted Weighted Average
    Number of Common Shares Outstanding             5,250,000          5,250,000

</TABLE>

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

                                      F-3


<PAGE>

<TABLE>


                                 SEGWAY IV CORP.
                        STATEMENT OF STOCKHOLDERS' EQUITY
            From inception (March 31, 2000) through December 31, 2004


<CAPTION>
                               SHARES          COMMON STOCK     ACCUMULATED DEFICIT      TOTAL
                           -------------      -------------     -----------------     ------------
<S>                           <C>                <C>                <C>                 <C>
Stock issued for cash         5,250,000           $    750                              $      750

Net loss                                                            $       (837)             (837)
                            ------------       ------------      ----------------      ------------

Total at December 31, 2000    5,250,000                750                  (837)              (87)

Contributed capital
 by shareholders                                       124                                     124

Net loss                                                                    (926)             (926)
                            -------------      -------------      ---------------      ------------

Total at December 31, 2001    5,250,000                874                (1,763)             (889)

Contributed capital
 by shareholders                                        76                                      76

Net loss                                                                    (912)             (912)
                            -------------      -------------      ---------------      ------------

Total at December 31, 2002    5,250,000                950                (2,675)           (1,725)

Net loss                                                                  (3,825)           (3,825)


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

Total at December 31, 2003    5,250,000                950                (6,500)           (5,550)

Net Loss                                                                  (1,925)           (1,925)
                            -------------      -------------      ---------------      ------------

Total at December 31, 2004    5,250,000          $     950          $     (8,425)       $   (7,475)
                            =============      =============      ===============      ============

</TABLE>



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

                                      F-4


<PAGE>

<TABLE>

                                 SEGWAY IV CORP.
                             STATEMENT OF CASH FLOWS
                For the twelve months ended December 31, 2004 and
                2003, and from inception (March 31, 2000) through
                                December 31, 2004


<CAPTION>

CASH FLOWS FROM OPERATING ACTIVITIES                    Dec. 31, 2004   Dec. 31, 2003  From Inception

<S>                                                         <C>            <C>            <C>
        Net income (loss)                                   $(1,925)       $  (825)       $(8,425)

             Increases (Decrease) in accrued expenses         1,925            825          7,475
                                                            -------        -------        -------


NET CASH PROVIDED OR (USED) IN OPERATIONS                        (0)            (0)          (950)


CASH FLOWS FROM INVESTING ACTIVITIES

        None                                                      0              0              0


CASH FLOWS FROM financing ACTIVITIES




        Proceeds from issuance of common stock                    0              0            750
        Proceeds from capital contributions                       0              0            200
                                                            -------        -------        -------

                                                                  0              0            950

CASH RECONCILIATION

        Net increase (decrease) in cash                          (0)            (0)            (0)
        Beginning cash balance                                    0              0              0
                                                            -------        -------        -------

CASH BALANCE AT END OF PERIOD                               $    (0)       $    (0)       $    (0)
                                                            =======        =======        =======

</TABLE>


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

                                      F-5

<PAGE>



                                 SEGWAY IV CORP.

                          NOTES TO FINANCIAL STATEMENT


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.

<PAGE>



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.

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.   Operating Lease Agreements:
     --------------------------

The Company has no agreements at this time.

<PAGE>

8.   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.

9.   Required Cash Flow Disclosure for Interest and Taxes Paid:
     ----------------------------------------------------------

The company has paid no amounts for federal income taxes and interest.

10.  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.

11.  Income Taxes:
     -------------

The Company has a net operating loss of $8,425 which may be used to offset
future taxable income. The losses are an asset to the Company, however an
allowance for the doubtful use of the losses has been established by management
for the full value of this asset. These net operating losses expire as follows:

Year                       Amount
2020                       $   837
2021                           926
2022                           912
2023                         3,825
2024                         1,925
                           -------
Total                      $ 8,425



<PAGE>

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 has
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

Evaluation of disclosure controls and procedures
------------------------------------------------

Our principal executive officer and principal financial officer evaluated our
disclosure controls and procedures (as defined in rule 13a-14(c) and 15d-14(c)
under the Securities Exchange Act of 1934, as amended) for the period ending
December 31, 2004 (the "Evaluation Date"). Based on that evaluation, our
principal executive officer and principal financial officer concluded that, as
of the Evaluation Date, the disclosure controls and procedures in place were
adequate to ensure that information required to be disclosed by us, including
our consolidated subsidiaries, in reports that we file or submit under the
Exchange Act, is recorded, processed, summarized and reported on a timely basis
in accordance with applicable rules and regulations. Although our principal
executive officer and principal financial officer believes our existing
disclosure controls and procedures are adequate to enable us to comply with our
disclosure obligations, we intend to formalize and document the procedures
already in place and establish a disclosure committee.

Changes in internal controls
----------------------------

We have not made any significant changes to our internal controls subsequent to
the Evaluation Date. We have not identified any significant deficiencies or
material weaknesses or other factors that could significantly affect these
controls, and therefore, no corrective action was taken.


                                    PART III

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

Our directors and officers, as of December 31, 2004 and March 29, 2005, 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.

<TABLE>
<CAPTION>
<S>                                 <C>           <C>
Name                                Age           Positions and Offices Held

Donny Smith                         47            President/Secretary/Director
</TABLE>


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

We have not filed a Form 5 for the year ending December 31, 2004.

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


<TABLE>
<CAPTION>

Name                              Number of Total Shares            % of Shareholdings
----                              ----------------------            ------------------

<S>                                     <C>                                      <C>
Jaguar Communications, Inc.             5,250,000(1)                             100%
213 South Oak Avenue
Owatonna, Minnesota  55060
</TABLE>

(1) Jaguar Communications, Inc.'s 5% or greater voting and ownership
shareholders are as follows: Donny Smith - 15.47% voting, 15.11% ownership;
Andrew T. Tanabe - 15.15% voting, 14.75% ownership ; Carl F. Schick - 14.31%
voting, 14% ownership; John C. Pegg - 11.55% voting, 11.26% ownership; Jay K.
Clark - 10.25% voting, 9.76% ownership; Klee Smith - 8.65% voting, 8.13%
ownership; and New Media Ventures - 7.69% voting, 7.23% ownership. Amit Shah is
the sole shareholder of New Media Ventures.

                                       15
<PAGE>



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.

<PAGE>

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 Ehtics

31.1     302 Certification of Certifying Officer

32.1     906 Certification of Certifying Officer


(1) Incorporated by reference to our Form 10-SB (SEC File No. 0-30327).


                                       16
<PAGE>


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees

For our fiscal year ended December 31, 2004, we were billed approximately
$1000.00 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, 2004,
respectively.

Tax Fees

For the Company's fiscal year ended December 31, 2004, we were billed
approximately $2,500.00 for professional services rendered for tax compliance,
tax advice, and tax planning.

All Other Fees

The Company did not incur any other fees related to services rendered by our
principal accountant for the fiscal year ended December 31, 2004.



                                   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 Smith
                              --------------------------
                                      Donny Smith
                                      President, Secretary and Director

Dated: March 29, 2005

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         March 29, 2005
---------------------               and Director
    Donny Smith

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