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UNITEDSTATESSECURITIES AND EXCHANGECOMMISSIONWASHINGTON, D.C.20549

FORM 10-QSB

(MarkOne)

|        |                                                                                  |
|--------|----------------------------------------------------------------------------------|
|   | Quarterly report under Section 13 or15(d) of the Securities Exchange Act of 1934 |

|        |                                             |
|--------|---------------------------------------------|
|   | Forthe quarterly period ended June  30,2006 |

|        |                                                                |
|--------|----------------------------------------------------------------|
|   | Transition report under Section13 or 15(d) of the Exchange Act |

|        |                                                                                                                                                                                                                                                                                   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | For the transitionperiod from                      to                     |

Commission FileNumber000-51240

|                                                                 |  |  |                                     |
|-----------------------------------------------------------------|--|--|-------------------------------------|
| JuniperPartners AcquisitionCorp.                                |
| (Exact Name ofSmall Business Issuer as Specified in ItsCharter) |
| Delaware                                                        |  |  | 20-2278320                          |
| (Stateor other Jurisdiction of Incorporation orOrganization)    |  |  | (I.R.S. Employer IdentificationNo.) |
| 56 West45th Street, Suite 805, New York, New York10036          |
| (Address of Principal ExecutiveOffice)                          |
| (212)398-3112                                                   |
| (Issuer’s Telephone Number,Including Area Code)           |
|                                                                 |

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

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

As ofAugust  10,  2006, 548,100 shares of common stock, parvalue $.0001 per share, and 2,875,000 shares of Class B common stock,par value $.0001 per share, were issued andoutstanding.

Transitional Small Business Disclosure Format (checkone):    Yes       No   

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|                                                                              |  |  |      |  |        |  |
|------------------------------------------------------------------------------|--|--|------|--|--------|--|
|                                                                         |  |  | Page |
| PartI: FinancialInformation:                                                 |  |  |      |  |   |  |
| Item 1 –Financial Statements(Unaudited):                               |  |  |      |  |   |  |
| BalanceSheets                                                                |  |  |      |  | 3      |  |
| Statements of Operations                                                     |  |  |      |  | 4      |  |
| Statement of Stockholders’Equity                                       |  |  |      |  | 5      |  |
| Statements of CashFlows                                                      |  |  |      |  | 6      |  |
| Notes to FinancialStatements                                                 |  |  |      |  | 7      |  |
| Item 2 –Management’s Discussion and Analysis or Plan ofOperation |  |  |      |  | 12     |  |
| Item 3 – Controlsand Procedures                                        |  |  |      |  | 13     |  |
| Part II. OtherInformation                                                    |  |  |      |  |   |  |
| Item 2 –Unregistered Sales of Equity Securities and Use ofProceeds     |  |  |      |  | 15     |  |
| Item 6 –Exhibits                                                       |  |  |      |  | 15     |  |
| Signatures                                                                   |  |  |      |  | 16     |  |
|                                                                              |

2

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Table of Contents

Juniper PartnersAcquisition Corp.(a corporation in the developmentstage)

Balance Sheets

|                                                                                                                                                                                                                          |  |  |                            |   |            |                     |  |  |  |   |            |  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|----------------------------|---|------------|---------------------|--|--|--|---|------------|--|
|                                                                                                                                                                                                                     |  |  | June  30,  2006(Unaudited) |   |            | December  31,  2005 |
| ASSETS                                                                                                                                                                                                                   |  |  |                            |   |       |                     |  |  |  |   |       |  |
| CurrentAssets:                                                                                                                                                                                                           |  |  |                            |   |       |                     |  |  |  |   |       |  |
| Cash and cashequivalents                                                                                                                                                                                                 |  |  |                            | $ | 642,571    |                     |  |  |  | $ | 939,203    |  |
| U.S. Government Securities held in Trust Fund (Note1)                                                                                                                                                                    |  |  |                            |   | 15,074,597 |                     |  |  |  |   | 14,746,925 |  |
| Prepaidexpenses                                                                                                                                                                                                          |  |  |                            |   | 7,242      |                     |  |  |  |   | 54,375     |  |
| Total current assets                                                                                                                                                                                                     |  |  |                            |   | 15,724,410 |                     |  |  |  |   | 15,740,503 |  |
| Deferred acquisition costs(Note 1)                                                                                                                                                                                       |  |  |                            |   | 176,601    |                     |  |  |  |   | —    |  |
| Current and totalassets                                                                                                                                                                                                  |  |  |                            | $ | 15,901,011 |                     |  |  |  | $ | 15,740,503 |  |
| LIABILITIES ANDSTOCKHOLDERS'EQUITY                                                                                                                                                                                       |  |  |                            |   |       |                     |  |  |  |   |       |  |
| CurrentLiabilities:                                                                                                                                                                                                      |  |  |                            |   |       |                     |  |  |  |   |       |  |
| Accruedacquisition costs                                                                                                                                                                                                 |  |  |                            | $ | 75,913     |                     |  |  |  | $ | —    |  |
| Accounts payable and accruedexpenses                                                                                                                                                                                     |  |  |                            |   | 30,115     |                     |  |  |  |   | 29,346     |  |
| Income taxes payable (Note5)                                                                                                                                                                                             |  |  |                            |   | 34,900     |                     |  |  |  |   | 9,400      |  |
| Total currentliabilities                                                                                                                                                                                                 |  |  |                            |   | 140,928    |                     |  |  |  |   | 38,746     |  |
| Common stock,subject to possible conversion,574,713 shares at conversion value atJune 30, 2006 and December 31, 2005 (Note1)                                                                                             |  |  |                            |   | 3,013,412  |                     |  |  |  |   | 2,947,910  |  |
| Commitments (Note6)                                                                                                                                                                                                      |  |  |                            |   |       |                     |  |  |  |   |       |  |
| Stockholders'Equity (Notes 7 and8):                                                                                                                                                                                      |  |  |                            |   |       |                     |  |  |  |   |       |  |
| Preferred stock, par value$.0001 per share, 5,000 shares authorized, 0 shares issued andoutstanding at June 30, 2006 and December 31, 2005                                                                               |  |  |                            |   | —    |                     |  |  |  |   | —    |  |
| Common stock, par value $.0001 pershare, 20,000,000 shares authorized, 548,100 sharesissued andoutstanding at June 30, 2006 and December 31, 2005                                                                        |  |  |                            |   | 55         |                     |  |  |  |   | 55         |  |
| Common stock, Class B, par value $.0001 pershare,5,000,000 shares authorized, 2,875,000 shares issuedandoutstanding (which includes 574,713 shares subject to possibleconversion) at June 30, 2006 and December 31, 2005 |  |  |                            |   | 288        |                     |  |  |  |   | 288        |  |
| Additionalpaid-in-capital                                                                                                                                                                                                |  |  |                            |   | 12,671,918 |                     |  |  |  |   | 12,737,420 |  |
| Earnings accumulated during the developmentstage                                                                                                                                                                         |  |  |                            |   | 66,785     |                     |  |  |  |   | 15,161     |  |
| Accumulatedother comprehensive income                                                                                                                                                                                    |  |  |                            |   | 7,625      |                     |  |  |  |   | 923        |  |
| Totalstockholders'equity                                                                                                                                                                                                 |  |  |                            |   | 12,746,671 |                     |  |  |  |   | 12,753,847 |  |
| Totalliabilities and stockholders'equity                                                                                                                                                                                 |  |  |                            | $ | 15,901,011 |                     |  |  |  | $ | 15,740,503 |  |
|                                                                                                                                                                                                                          |

See Notes to UnauditedFinancial Statements

3

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Table of Contents

Juniper Partners Acquisition Corp.(acorporation in the development stage)

Statement ofOperations(Unaudited)

|                                                                                     |  |  |                                         |   |           |                                        |  |  |                                      |   |         |                                                  |  |  |                                                  |   |           |   |  |  |  |   |         |   |  |  |  |   |          |   |
|-------------------------------------------------------------------------------------|--|--|-----------------------------------------|---|-----------|----------------------------------------|--|--|--------------------------------------|---|---------|--------------------------------------------------|--|--|--------------------------------------------------|---|-----------|---|--|--|--|---|---------|---|--|--|--|---|----------|---|
|                                                                                |  |  | Forthe three months ended June 30, 2006 |   |           | For thethree months endedJune 30, 2005 |  |  | For the sixmonths endedJune 30, 2006 |   |         | From inception(February 3, 2005) toJune 30, 2005 |  |  | Frominception (February 3, 2005) toJune 30, 2006 |
| Revenue                                                                             |  |  |                                         | $ | —   |                                        |  |  |                                      | $ | — |                                                  |  |  |                                                  | $ | —   |   |  |  |  | $ | — |   |  |  |  | $ | —  |   |
| Operatingexpenses:                                                                  |  |  |                                         |   |      |                                        |  |  |                                      |   |    |                                                  |  |  |                                                  |   |      |   |  |  |  |   |    |   |  |  |  |   |     |   |
| Generaland administrative expenses (Note 5 and6)                                    |  |  |                                         |   | 110,894   |                                        |  |  |                                      |   | 2,250   |                                                  |  |  |                                                  |   | 256,769   |   |  |  |  |   | 8,450   |   |  |  |  |   | 468,313  |   |
| Lossfromoperations                                                                  |  |  |                                         |   | (110,894  | )                                      |  |  |                                      |   | (2,250  | )                                                |  |  |                                                  |   | (256,769  | ) |  |  |  |   | (8,450  | ) |  |  |  |   | (468,313 | ) |
| Interestincome                                                                      |  |  |                                         |   | 177,857   |                                        |  |  |                                      |   | — |                                                  |  |  |                                                  |   | 336,393   |   |  |  |  |   | — |   |  |  |  |   | 572,498  |   |
| Income (loss) before provision for incometaxes                                      |  |  |                                         |   | 66,963    |                                        |  |  |                                      |   | (2,250  | )                                                |  |  |                                                  |   | 79,624    |   |  |  |  |   | (8,450  | ) |  |  |  |   | 104,185  |   |
| Provision forincome taxes (Note 5)                                                  |  |  |                                         |   | 24,000    |                                        |  |  |                                      |   | — |                                                  |  |  |                                                  |   | 28,000    |   |  |  |  |   | — |   |  |  |  |   | 37,400   |   |
| Net income(loss)                                                                    |  |  |                                         |   | 42,963    |                                        |  |  |                                      |   | (2,250  | )                                                |  |  |                                                  |   | 51,624    |   |  |  |  |   | (8,450  | ) |  |  |  |   | 66,785   |   |
| Accretion of Trust Fund relating to Class Bommon stock subjectto possibleconversion |  |  |                                         |   | (35,033   | )                                      |  |  |                                      |   | — |                                                  |  |  |                                                  |   | (65,502   | ) |  |  |  |   | — |   |  |  |  |   | (111,114 | ) |
| Net income (loss) attributable to other Class Bstockholders and common stockholders |  |  |                                         | $ | 7,930     |                                        |  |  |                                      | $ | (2,250  | )                                                |  |  |                                                  | $ | (13,878   | ) |  |  |  | $ | (8,450  | ) |  |  |  | $ | (44,329  | ) |
| Weighted average number of sharesoutstanding, basic and diluted                     |  |  |                                         |   | 3,423,100 |                                        |  |  |                                      |   | 100     |                                                  |  |  |                                                  |   | 3,423,100 |   |  |  |  |   | 100     |   |  |  |  |   |     |   |
| Net loss per share, basicand diluted                                                |  |  |                                         | $ | —   |                                        |  |  |                                      | $ | (22.50  | )                                                |  |  |                                                  | $ | —   |   |  |  |  | $ | (84.50  | ) |  |  |  |   |     |   |
|                                                                                     |

See Notes to UnauditedFinancial Statements

4

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Table of Contents

Juniper Partners Acquisition Corp.(acorporation in the development stage)

Statement ofStockholders' EquityFrom inception (February 3, 2005) toJune 30, 2006 (Unaudited)

|                                                                                                                                                                                       |  |  |                                                                                     |  |         |                                                                                              |  |  |                           |   |         |                                               |  |  |                                     |  |           |       |  |  |  |   |         |  |  |  |  |   |            |   |  |  |  |   |         |  |  |  |  |   |         |  |  |  |  |   |            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|-------------------------------------------------------------------------------------|--|---------|----------------------------------------------------------------------------------------------|--|--|---------------------------|---|---------|-----------------------------------------------|--|--|-------------------------------------|--|-----------|-------|--|--|--|---|---------|--|--|--|--|---|------------|---|--|--|--|---|---------|--|--|--|--|---|---------|--|--|--|--|---|------------|---|
|                                                                                                                                                                                  |  |  |             CommonStock |  |         |             CommonStock, Class B |  |  | Additional Paid-InCapital |   |         | Earnings accumulatedduringthedevelopmentstage |  |  | Accumulatedothercomprehensiveincome |  |           | Total |
|                                                                                                                                                                                  |  |  | Shares                                                                              |  |         | Amount                                                                                       |  |  | Shares                    |   |         | Amount                                        |
| Balance, February 3, 2005 (inception)                                                                                                                                                 |  |  |                                                                                     |  | — |                                                                                              |  |  |                           | $ | — |                                               |  |  |                                     |  | —   |       |  |  |  | $ | — |  |  |  |  | $ | —    |   |  |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | —    |   |
| Issuance of Common Stock toinitialstockholders                                                                                                                                        |  |  |                                                                                     |  | 100     |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | 500        |   |  |  |  |   | — |  |  |  |  |   | — |  |  |  |  |   | 500        |   |
| Issuance of 1,625,000 Warrants at $0.05 perWarrant                                                                                                                                    |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | 81,250     |   |  |  |  |   | — |  |  |  |  |   | — |  |  |  |  |   | 81,250     |   |
| Sale of 274,000 Series A units and1,437,500 Series B units and underwriter's unit purchase optionthrough public offering, net of underwriter's discount andoffering expenses (Note 2) |  |  |                                                                                     |  | 548,000 |                                                                                              |  |  |                           |   | 55      |                                               |  |  |                                     |  | 2,875,000 |       |  |  |  |   | 288     |  |  |  |  |   | 12,701,282 |   |  |  |  |   | — |  |  |  |  |   | — |  |  |  |  |   | 12,701,625 |   |
| Accretion of Trust Fund relating to Class B common stocksubject to possible conversion                                                                                                |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | (45,612    | ) |  |  |  |   | — |  |  |  |  |   | — |  |  |  |  |   | (45,612    | ) |
| Net income for theperiod                                                                                                                                                              |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | —    |   |  |  |  |   | 15,161  |  |  |  |  |   | — |  |  |  |  |   | 15,161     |   |
| Unrealized gain on available-for-salesecurities                                                                                                                                       |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | —    |   |  |  |  |   | — |  |  |  |  |   | 923     |  |  |  |  |   | 923        |   |
| Comprehensiveincome                                                                                                                                                                   |  |  |                                                                                     |  |    |                                                                                              |  |  |                           |   |    |                                               |  |  |                                     |  |      |       |  |  |  |   |    |  |  |  |  |   |       |   |  |  |  |   |    |  |  |  |  |   |    |  |  |  |  |   | 16,084     |   |
| Balance, December 31,2005                                                                                                                                                             |  |  |                                                                                     |  | 548,100 |                                                                                              |  |  |                           | $ | 55      |                                               |  |  |                                     |  | 2,875,000 |       |  |  |  | $ | 288     |  |  |  |  | $ | 12,737,420 |   |  |  |  | $ | 15,161  |  |  |  |  | $ | 923     |  |  |  |  | $ | 12,753,847 |   |
| Accretion of Trust Fund relating to Class B common stocksubject to possible conversion (unaudited)                                                                                    |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | (65,502    | ) |  |  |  |   | — |  |  |  |  |   | — |  |  |  |  |   | (65,502    | ) |
| Net income for the period(unaudited)                                                                                                                                                  |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | —    |   |  |  |  |   | 51,624  |  |  |  |  |   | — |  |  |  |  |   | 51,624     |   |
| Unrealized gain on available-for-salesecurities(unaudited)                                                                                                                            |  |  |                                                                                     |  | — |                                                                                              |  |  |                           |   | — |                                               |  |  |                                     |  | —   |       |  |  |  |   | — |  |  |  |  |   | —    |   |  |  |  |   | — |  |  |  |  |   | 6,702   |  |  |  |  |   | 6,702      |   |
| Comprehensive income(unaudited)                                                                                                                                                       |  |  |                                                                                     |  |    |                                                                                              |  |  |                           |   |    |                                               |  |  |                                     |  |      |       |  |  |  |   |    |  |  |  |  |   |       |   |  |  |  |   |    |  |  |  |  |   |    |  |  |  |  |   | 58,326     |   |
| Balance, June 30, 2006(unaudited)                                                                                                                                                     |  |  |                                                                                     |  | 548,100 |                                                                                              |  |  |                           | $ | 55      |                                               |  |  |                                     |  | 2,875,000 |       |  |  |  | $ | 288     |  |  |  |  | $ | 12,671,918 |   |  |  |  | $ | 66,785  |  |  |  |  | $ | 7,625   |  |  |  |  | $ | 12,746,671 |   |
|                                                                                                                                                                                       |

See Notes to UnauditedFinancial Statements

5

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Table of Contents

Juniper Partners Acquisition Corp.(acorporation in the development stage)

Statement of CashFlows(Unaudited)

|                                                                                      |  |  |                                       |   |             |                                                   |  |  |                                                   |   |          |   |  |  |  |   |             |   |
|--------------------------------------------------------------------------------------|--|--|---------------------------------------|---|-------------|---------------------------------------------------|--|--|---------------------------------------------------|---|----------|---|--|--|--|---|-------------|---|
|                                                                                 |  |  | Forthe six months ended June 30, 2006 |   |             | Frominception (February 3, 2005) to June 30, 2005 |  |  | Frominception (February 3, 2005) to June 30, 2006 |
| OPERATINGACTIVITIES                                                                  |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Netincome (loss) for the period                                                      |  |  |                                       | $ | 51,624      |                                                   |  |  |                                                   | $ | (8,450   | ) |  |  |  | $ | 66,785      |   |
| Amortization of discounton U.S. Government Securities held inTrustFund               |  |  |                                       |   | (320,970    | )                                                 |  |  |                                                   |   | —  |   |  |  |  |   | (548,222    | ) |
| Changes in operating asset andliabilities:                                           |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Decrease(increase) in prepaid expenses                                               |  |  |                                       |   | 47,133      |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | (7,242      | ) |
| Increase in accounts payable andaccrued expenses                                     |  |  |                                       |   | 769         |                                                   |  |  |                                                   |   | 7,250    |   |  |  |  |   | 30,115      |   |
| Increase in income taxespayable                                                      |  |  |                                       |   | 25,500      |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | 34,900      |   |
| Net cash used in operatingactivities                                                 |  |  |                                       |   | (195,944    | )                                                 |  |  |                                                   |   | (1,200   | ) |  |  |  |   | (423,664    | ) |
| INVESTINGACTIVITIES                                                                  |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Purchasesof U.S. Government Securities held in TrustFund                             |  |  |                                       |   | (29,700,000 | )                                                 |  |  |                                                   |   | —  |   |  |  |  |   | (56,843,750 | ) |
| Maturity of U.S. GovernmentSecurities held in Trust Fund                             |  |  |                                       |   | 29,700,000  |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | 42,325,000  |   |
| Deferred acquisitioncosts                                                            |  |  |                                       |   | (100,688    | )                                                 |  |  |                                                   |   | —  |   |  |  |  |   | (100,688    | ) |
| Net cash used in investingactivities                                                 |  |  |                                       |   | (100,688    | )                                                 |  |  |                                                   |   | —  |   |  |  |  |   | (14,619,438 | ) |
| FINANCINGACTIVITIES                                                                  |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Proceedsfrom issuance of common stock to initialstockholders                         |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | 500      |   |  |  |  |   | 500         |   |
| Proceeds from issuance of warrants                                                   |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | 81,250   |   |  |  |  |   | 81,250      |   |
| Proceeds from notepayable to affiliate                                               |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | 81,250   |   |  |  |  |   | 81,250      |   |
| Repayment of note payable toaffiliate                                                |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | (81,250     | ) |
| Proceeds from issuance of underwriter's unit purchaseoption                          |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | 100         |   |
| Net proceeds from sale of units through publicoffering                               |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | 15,603,823  |   |
| Deferred registrationcosts                                                           |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | (117,955 | ) |  |  |  |   | —     |   |
| Net cashprovided by financingactivities                                              |  |  |                                       |   | —     |                                                   |  |  |                                                   |   | 45,045   |   |  |  |  |   | 15,685,673  |   |
| Net increase in cash andcash equivalents                                             |  |  |                                       |   | (296,632    | )                                                 |  |  |                                                   |   | 43,845   |   |  |  |  |   | 642,571     |   |
| Cash and CashEquivalents                                                             |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Beginning ofperiod                                                                   |  |  |                                       |   | 939,203     |                                                   |  |  |                                                   |   | —  |   |  |  |  |   | —     |   |
| End ofperiod                                                                         |  |  |                                       | $ | 642,571     |                                                   |  |  |                                                   | $ | 43,845   |   |  |  |  | $ | 642,571     |   |
| Supplementaldisclosure of cash flowinformation:                                      |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| Cash paid for incometaxes                                                            |  |  |                                       | $ | 2,500       |                                                   |  |  |                                                   | $ | —  |   |  |  |  | $ | 2,500       |   |
| Supplemental disclosureof non-cashactivity:                                          |  |  |                                       |   |        |                                                   |  |  |                                                   |   |     |   |  |  |  |   |        |   |
| AccruedRegistration Costs                                                            |  |  |                                       | $ | —     |                                                   |  |  |                                                   | $ | 123,250  |   |  |  |  | $ | —     |   |
| Accrued AcquisitionCosts                                                             |  |  |                                       | $ | 75,913      |                                                   |  |  |                                                   | $ | —  |   |  |  |  | $ | 75,913      |   |
| Accretion of Trust Fund relating toClass Bcommon stock subject to possibleconversion |  |  |                                       | $ | 65,502      |                                                   |  |  |                                                   | $ | —  |   |  |  |  | $ | 111,114     |   |
|                                                                                      |

See Notes to UnauditedFinancial Statements

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JuniperPartners Acquisition Corp.(a corporation in the developmentstage)Notes to Unaudited FinancialStatements

NOTE 1 – ORGANIZATION ANDBUSINESS OPERATIONS

Juniper Partners Acquisition Corp. (the‘‘Company’’) was incorporated in Delaware onFebruary  3, 2005 to serve as a vehicle to effect a merger,capital stock exchange, asset acquisition or other similar businesscombination with a currently unidentified operating business.

The Company is considered to be a development stage company and assuch the financial statements presented herein are presented inaccordance with Statement of Financial Accounting Standards(‘‘SFAS’’) No. 7.

The registrationstatement for the Company's initial public offering(‘‘Offering’’) was declared effective July 13,2005. On July 20, 2005, the Company consummated the Offering of 250,000Series A Units (‘‘Series A Units’’) and1,250,000 Series B Units (‘‘Series B Units’’).On July 29, 2005, the Company consummated the closing of an additional16,000 Series A Units and 187,500 Series B Units which were subject tothe over-allotment option. On August 26, 2005, the Company consummatedthe further closing of an additional 8,000 Series A Units which weresubject to the over-allotment option. The Offering generated total netproceeds of approximately $15.6 million. Of this amount, $14,518,750was placed in trust. The Company's management has broad authoritywith respect to the application of the proceeds of such Offeringalthough substantially all of the proceeds of such offering areintended to be applied generally toward consummating a merger with oracquisition of an operating business (a ‘‘BusinessCombination’’). Pending such a Business Combination,substantially all of the proceeds of the Offering are required to beheld in trust (‘‘Trust Fund’’) to be returnedto the holders of Class B common stock if a Business Combination is notconsummated by July 20, 2006, or consummated by January 20, 2007 if theCompany has entered into either a letter of intent, an agreement inprinciple or a definitive agreement to complete a Business Combinationbut has not consummated such a Business Combination by July 20, 2006(such period being referred to as the ‘‘Target BusinessAcquisition Period’’). In the event there is no BusinessCombination, the Company will dissolve and any remaining net assets,after the distribution of the Trust Fund to Class B stockholders, willbe distributed to the holders of common stock sold in the Offering. TheCompany has satisfied the extension criteria. The Company has incurredand deferred as of June 30, 2006 $176,601 of costs related to atransaction contemplated under a letter of intent entered into with atarget company.

The Company, after signing a definitiveagreement for a Business Combination, is obliged to submit suchtransaction for approval by a majority of the Class B commonstockholders of the Company. Class B stockholders that vote againstsuch proposed Business Combination are, under certain conditions,entitled to convert their shares into a pro-rata distribution from theTrust Fund (the ‘‘Conversion Right’’). In thisrespect, $3,013,412 (including accretion aggregating $111,114 throughJune 30, 2006) has been classified as common stock subject to possibleconversion at June 30, 2006. In the event that holders of a majority ofthe outstanding shares of Class B common stock vote for the approval ofthe Business Combination and holders owning 20% or more of theoutstanding Class  B common stock do not exercise theirConversion Rights, the Business Combination may then be consummated.Upon completion of such Business Combination and the payment of anyConversion Rights (and related cancellation of Class B common stock),the remaining shares of Class  B common stock would be convertedto common stock.

NOTE 2 – OFFERING

In its initialpublic offering, effective July 13, 2005, the Company sold to thepublic an aggregate of 274,000 Series A Units and 1,437,500 Series BUnits at a price of $10.50 and $10.10 per unit, respectively. Proceedsfrom the initial public offering, totaled approximately $15.6 million,which was net of $1,791,927 in underwriting and other expenses. EachSeries A Unit consists of two shares of the Company's commonstock, five Class W Redeemable Warrants (a ‘‘Class WWarrant’’), and five 

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JuniperPartners Acquisition Corp.(a corporation in the developmentstage)Notes to Unaudited FinancialStatements

Class  Z Redeemable Warrants (a‘‘Class Z Warrant’’). Each Series B unitconsists of two shares of the Company's Class B common stock, oneClass W Warrant, and one Class Z Warrant.

Both theCompany's common stock and Class B common stock have one vote pershare. However, the Class B stockholders may, and the commonstockholders may not, vote in connection with a Business Combination.Further, should a Business Combination not be consummated during theTarget Business Acquisition Period, the Trust Fund would be distributedpro-rata to all of the Class B common stockholders and their Class Bcommon shares would be cancelled and returned to the status ofauthorized but unissued shares.

Each Class W Warrant entitlesthe holder to purchase from the Company one share of common stock at anexercise price of $5.00, commencing on the completion of a BusinessCombination. The Class W Warrants will expire on July 13, 2010 orearlier upon redemption. Each Class Z Warrant entitles the holder topurchase from the Company one share of common stock at an exerciseprice of $5.00, commencing on the completion of a Business Combinationwith a target business. The Class Z Warrants will expire on July 13,2012 or earlier upon redemption. The Company may redeem the outstandingClass W Warrants and/or Class Z Warrants with the prior consent ofHCFP/Brenner Securities LLC (‘‘HCFP’’), therepresentative of the underwriters of the Offering, in whole and not inpart, at a price of $0.05 per warrant at any time after the warrantsbecome exercisable, upon a minimum of 30 days' prior writtennotice of redemption, and if, and only if, the last sale price of theCompany's common stock equals or exceeds $7.50 per share and$8.75 per share, for a Class W Warrant and Class Z Warrant,respectively, for any 20 trading days within a 30 trading day periodending three business days before the Company sent the notice ofredemption.

The Company has also sold to HCFP, as representativefor the underwriters, for $100, an option (the‘‘Underwriter's Purchase Option’’ or‘‘UPO’’) to purchase up to a total of 12,500additional Series A Units and/or 62,500 additional Series B Units (seeNote 8). The Series A Units and Series B Units issuable upon exerciseof this option are identical to those in the Offering, except that theexercise price of the warrants included in the units are $5.50 pershare (110% of the exercise price of the warrants included inthe units sold to the public) and the Class Z Warrants shall beexercisable by HCFP for a period of only five years from the date ofthe Offering. The UPO is exercisable at $17.325 per Series A Unit and$16.665 per Series B Unit commencing on completion of a BusinessCombination, and expires on July 12, 2010.

NOTE 3 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim FinancialStatements – The accompanying unaudited condensed financialstatements have been prepared pursuant to the rules and regulations ofthe Securities and Exchange Commission(‘‘SEC’’) and should be read in conjunctionwith the Company's audited financial statements and footnotesthereto for the period from inception (February 3, 2005) to December31, 2005 included in the Company's Form 10-KSB filed on March 30,2006. Certain information and footnote disclosures normally included infinancial statements prepared in accordance with accounting principlesgenerally accepted in the United States of America have been omittedpursuant to such rules and regulations. However, the Company believesthat the disclosures are adequate to make the information presented notmisleading. The financial statements reflect all adjustments (primarilyonly of normal recurring adjustments) that are, in the opinion ofmanagement necessary for a fair presentation of the Company'sfinancial position and results of operations. The operating results forthe three and six months ended June 30, 2006 are not necessarilyindicative of the results to be expected for any other interim periodof any future year.

Cash and Cash Equivalents –Included in cash and cash equivalents are deposits with financialinstitutions as well as short-term money market instruments withmaturities of three months or less when purchased.

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JuniperPartners Acquisition Corp.(a corporation in the developmentstage)Notes to Unaudited FinancialStatements

Investments  – U.S.Government Securities held in Trust Fund, with maturities exceedingthree months have been accounted for in accordance with Statement ofFinancial Accounting Standards (SFAS)  No.  115,‘‘Accounting for Certain Investments in Debt and EquitySecurities’’. The Company classifies all debt securitiesand all investments in equity securities that have readily determinablefair values as available-for-sale, as the sale of such securities maybe required prior to maturity to implement management strategies. Suchsecurities are reported at fair value, with unrealized gains or lossesexcluded from earnings and included in other comprehensive income, netof applicable taxes.

The Company's investment held intrust at June 30, 2006 consists of an investment in United States ofAmerica government treasury securities, with a maturity date of July20, 2006. The fair market value of the investment was $15,074,597 as ofJune 30, 2006, including $7,625 of unrealized income, which is reportedas a component of other comprehensive income as of June 30, 2006. TheCompany recognized interest income of $170,660 and $320,970 fromamortization of the discount on the investment during the three and sixmonths ended June 30, 2006, respectively, which is included in interestincome on the accompanying statements of operations.

Concentration of Credit Risk – Financial instrumentsthat potentially subject the Company to a significant concentration ofcredit risk consist primarily of cash and cash equivalents. The Companymaintains deposits in federally insured financial institutions inexcess of federally insured limits. However, management believes theCompany is not exposed to significant credit risk due to the financialposition of the depository institutions in which those deposits areheld.

Net Income (Loss) Per Share – Net income(loss) per share is computed based on the weighted average number ofshares of common stock and Class B common stock outstanding.

Basic earnings (loss) per share excludes dilution and is computed bydividing income (loss) available to common stockholders by the weightedaverage common shares outstanding for the period. Diluted earnings pershare reflects the potential dilution that could occur if securities orother contracts to issue common stock were exercised or converted intocommon stock or resulted in the issuance of common stock that thenshared in the earnings of the entity. Since the effect of outstandingwarrants to purchase common stock is antidilutive, they have beenexcluded from the Company's computation of net loss per share.Therefore, basic and diluted income (loss) per share were the same forthe three and six months ended June 30, 2006 and for the three and sixmonths ended June 30, 2005 .

Fair Value of FinancialInstruments – The fair values of the Company's assetsand liabilities that qualify as financial instruments under SFAS No.107 approximate their carrying amounts presented in the balance sheetat June 30, 2006.

Use of Estimates – Thepreparation of financial statements in accordance with accountingprinciples generally accepted in the United States of America requiresmanagement to make estimates and assumptions that affect certainreported amounts of assets and liabilities and disclosure of contingentassets and liabilities at the date of the financial statements and thereported amounts of revenue and expenses during the reporting period.Actual results could differ from those estimates.

IncomeTaxes – Deferred income tax assets and liabilities arecomputed for differences between the financial statement and tax basesof assets and liabilities that will result in future taxable ordeductible amounts and are based on enacted tax laws and ratesapplicable to the periods in which the differences are expected toaffect taxable income. Valuation allowances are established whennecessary to reduce deferred income tax assets to the amount expectedto be realized.

Accumulated Other Comprehensive Income– Accumulated Other Comprehensive Income includes unrealizedgains on U.S. Government Securities held in Trust Fund.

NewAccounting Pronouncements – The Company does not believe thatany recently issued, but not yet effective, accounting standards ifcurrently adopted would have a material effect on the accompanyingfinancial statements.

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JuniperPartners Acquisition Corp.(a corporation in the developmentstage)Notes to Unaudited FinancialStatements

NOTE 4 – NOTE PAYABLE TOAFFILIATE

In February 2005, the Company issued an $81,250non-interest bearing, unsecured note payable to an affiliate of itsstockholder. This note was repaid in full on July 21, 2005 from theproceeds of the Offering.

NOTE 5 – INCOME TAXES

Provision for income taxes consists of:

|          |  |  |                                        |   |        |                                        |  |  |                                      |   |         |                                                 |  |  |                                                |   |        |  |  |  |  |   |                                                                                 |  |  |  |  |   |        |  |
|----------|--|--|----------------------------------------|---|--------|----------------------------------------|--|--|--------------------------------------|---|---------|-------------------------------------------------|--|--|------------------------------------------------|---|--------|--|--|--|--|---|---------------------------------------------------------------------------------|--|--|--|--|---|--------|--|
|     |  |  | Forthe three monthsended June 30, 2006 |   |        | For thethree monthsended June 30, 2005 |  |  | For the sixmonthsended June 30, 2006 |   |         | From inception(February3, 2005) toJune 30, 2005 |  |  | From inception(February 3,2005) toJune 30,2006 |
| Current: |  |  |                                        |   |   |                                        |  |  |                                      |   |    |                                                 |  |  |                                                |   |   |  |  |  |  |   |                                                                            |  |  |  |  |   |   |  |
| Federal  |  |  |                                        | $ | 24,000 |                                        |  |  |                                      | $ | — |                                                 |  |  |                                                | $ | 28,000 |  |  |  |  | $ |             — |  |  |  |  | $ | 37,400 |  |
|     |  |  |                                        | $ | 24,000 |                                        |  |  |                                      | $ | — |                                                 |  |  |                                                | $ | 28,000 |  |  |  |  | $ | —                                                                         |  |  |  |  | $ | 37,400 |  |
|          |

Noprovision for state and local income taxes has been made since theCompany was formed as a vehicle to effect a Business Combination and,as a result does not conduct operations and is not engaged in a tradeor business in any state. The Company is incorporated in Delaware andaccordingly is subject to franchise taxes. Delaware franchise taxexpense of $8,000 and $15,000 for the three and six months ended June30, 2006, respectively, and $41,151 for the period from inception(February 3, 2005) to June 30, 2006 are included as part of general andadministrative expenses in the accompanying statements ofoperations.

NOTE 6 – COMMITMENTS

The Company paysan affiliate of a stockholder, $7,500 per month, commencing on theeffective date of the Offering, for office, secretarial andadministrative services. Amounts of $22,500 and $45,000 for the threeand six months ended June 30, 2006, and $90,000 for the period frominception (February 3, 2005) to June 30, 2006 were paid by the Companyfor such services.

HCFP has been engaged by the Company to actas the Company's non-exclusive investment banker in connectionwith a proposed Business Combination (Note 1). For assisting theCompany in structuring and negotiating the terms of a BusinessCombination, the Company is obligated to pay HCFP a cash transactionfee equal to 5% of the first $5 million of total consideration,as defined in the Underwriting Agreement, and 4% of totalconsideration paid over $5 million, with a maximum fee to be paid of$400,000.

NOTE 7 – PREFERRED STOCK

The Company isauthorized to issue up to 5,000 shares of Preferred Stock with suchdesignations, voting, and other rights and preferences as may bedetermined from time to time by the Board of Directors.

NOTE 8– WARRANTS AND OPTION TO PURCHASE COMMON STOCK

InFebruary 2005, the Company issued Class W Warrants to purchase 812,500shares of the Company's common stock, and Class Z Warrants topurchase 812,500 shares of the Company's common stock, for anaggregate purchase price of $81,250, or $0.05 per warrant.

TheClass W Warrants and Class Z Warrants outstanding prior to theOffering, all of which are held by the Company's initialsecurityholders or their affiliates, shall not be redeemable by theCompany as long as such warrants continue to be held by such initialsecurityholders or their affiliates.

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JuniperPartners Acquisition Corp.(a corporation in the developmentstage)Notes to Unaudited FinancialStatements

The Class W Warrants entitle the holder topurchase shares at $5.00, subject to adjustment in certaincircumstances, for a period commencing on the completion of a BusinessCombination and ending July 12, 2012.

The Class Z Warrantsentitle the holder to purchase shares at $5.00, subject to adjustmentin certain circumstances, for a period commencing on the completion ofa Business Combination and ending July 12, 2012.

The Company hasissued an option, for $100, to HCFP/Brenner Securities LLC, therepresentative of the underwriters in the Offering, to purchase up to12,500 Series A Units at an exercise price of $17.325 per unit and/orup to 62,500 Series B Units at an exercise price of $16.665 per unit.The Series A Units and Series B Units underlying the UPO will beexercisable in whole or in part solely at HCFP's discretion,commencing on the consummation of a Business Combination and willexpire on July 12, 2010. The fair value of the option, inclusive of thereceipt of the $100 cash payment, was accounted as an expense of theOffering resulting in a charge directly to stockholders' equity.The option may be exercised for cash or on a‘‘cashless’’ basis, at the holder'soption, such that the holder may use the appreciated value of theoption (the difference between the exercise prices of the option andthe underlying warrants and the market price of the units andunderlying securities) to exercise the option without the payment ofany cash. Each of the Series A Units and Series B Units are identicalto the Series A Units and Series B Units sold in the Offering, exceptthat the exercise price of the Class W Warrants and Class Z Warrantsunderlying the Series A Units and Series B Units shall only beexercisable until July 12, 2010.

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ITEM 2    MANAGEMENT'S DISCUSSIONAND ANALYSIS OR PLAN OF OPERATION

The following discussionshould be read in conjunction with the Company's UnauditedFinancial Statements and footnotes thereto contained in thisreport.

FORWARD LOOKING STATEMENTS

The statementsdiscussed in this Report include forward looking statements thatinvolve risks and uncertainties detailed from time to time in theCompany's reports filed with the Securities and ExchangeCommission.

PLAN OF OPERATION

We were formed onFebruary 3, 2005, to serve as a vehicle to effect a merger, capitalstock exchange, asset acquisition or other similar business combinationwith an operating business. We intend to utilize cash derived from theproceeds of our recently completed public offering, our capital stock,debt or a combination of cash, capital stock and debt, in effecting abusiness combination.

Net income for the three months ended June30, 2006 of $42,963 consisted of interest income on the Trust Fundinvestment of $170,660 and interest on cash and cash equivalents of$7,197, offset by general and administrative expenses of $110,894 whichincludes $8,000 related to Delaware Franchise tax, $22,500 related toan administrative services agreement with an affiliate of astockholder, $33,739 of professional fees and other expenses of$46,655, and $24,000 for income taxes.

Net loss for the threemonths ended June 30, 2005 of $2,250 consisted of general andadministrative expenses comprising of professional fees.

Netincome for the six months ended June 30, 2006 of $51,624 consisted ofinterest income on the Trust Fund investment of $320,970 and intereston cash and cash equivalents of $15,423, offset by general andadministrative expenses of $256,769 which includes $15,000 related toDelaware Franchise tax, $45,000 related to an administrative servicesagreement with an affiliate of a stockholder, $102,249 of professionalfees and other expenses of $94,520, and $28,000 for income taxes.

For the period from inception (February 3, 2005) through June 30,2005, we had a net loss of $8,450, attributable to general andadministrative expenses comprising of professional fees.

Netincome for the period from February 3, 2005 (inception) through June30, 2006 of $66,785 consisted of interest income on the Trust Fundinvestment of $548,222 and interest on cash and cash equivalents of$24,276, offset by general and administrative expenses of $468,313,which includes $41,151 related to Delaware Franchise tax , $90,000related to an administrative services agreement with an affiliate of astockholder, $158,164 of professional fees and other expenses of$178,998, and $37,400 for income taxes.

We consummated ourinitial public offering of 250,000 Series A units and 1,250,000 SeriesB units on July 20, 2005. On July 29, 2005, we consummated the closingof an additional 16,000 Series A Units and 187,500 Series B Units thatwere subject to the over-allotment option. On August 26, 2005, weconsummated the closing of an additional 8,000 Series A Units that weresubject to the over-allotment option. Proceeds from our initial publicoffering were $15,603,823, net of underwriting and other expenses of$1,761,927, of which $14,518,750 was deposited into the Trust Fund. Theremaining proceeds are available to be used by us to provide forbusiness, legal and accounting due diligence on prospectiveacquisitions and continuing general and administrative expenses. Wewill use substantially all of the net proceeds of this offering toacquire a target business, including identifying and evaluatingprospective acquisition candidates, selecting the target business, andstructuring, negotiating and consummating the business combination. Tothe extent that our capital stock is used in whole or in part asconsideration to effect a business combination, the proceeds held inthe Trust Fund as well as any other net proceeds not expended will beused to finance the operations of the target business. We believe wewill have sufficient available funds outside of the Trust Fund tooperate through January 13, 2007, assuming that a business combinationis not consummated during that time. From July 13, 2005 through January13, 2007, we anticipate approximately $135,000 for the 

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administrative fee payable to an affiliate ofa stockholder ($7,500 per month), $500,000 for expenses for the duediligence and investigation of a target business, $50,000 of expensesin legal and accounting fees relating to our SEC reporting obligationsand $350,000 for general working capital that will be used formiscellaneous expenses and reserves, including approximately $85,000for director and officer liability insurance premiums. We do notbelieve we will need to raise additional funds following the offeringin order to meet the expenditures required for operating our business.However, we may need to raise additional funds through a privateoffering of debt or equity securities if such funds are required toconsummate a business combination that is presented to us. We wouldonly consummate such a financing simultaneously with the consummationof a business combination.

Commencing on July 13, 2005 andending upon the acquisition of a target business, we began incurring afee from Hidden Treasures, Inc., an affiliate of Stuart Rekant, ourchairman of the board and chief executive officer, and Paul Kramer, amember of our Board of Directors, of $7,500 per month for providing uswith office space and certain general and administrative services. Inaddition, in February 2005, the Company issued a $81,250 non-interestbearing, unsecured note payable to Hidden Treasures, Inc. The note wasrepaid in full on July 21, 2005 from the proceeds of the offering.

In connection with our initial public offering, we issued an option,for $100, to HCFP/Brenner Securities LLC to purchase up to 12,500Series A units at an exercise price of $17.325 per unit and/or up to62,500 Series B units at an exercise price of $16.665 per unit. TheSeries A units and Series B units included in this option wereidentical to the units issued in our initial public offering exceptthat the exercise price of the warrants included in the units is $5.50per share and the Class Z warrants shall be exercisable by the holderuntil July 12, 2010. We accounted for the fair value of the option,inclusive of the receipt of the $100 cash payment, as an expense of theoffering resulting in a charge directly to stockholders' equity.We estimated that the fair value of this option was approximately$220,000 using a Black-Scholes option-pricing model. The fair value ofthe option granted was estimated as of the date of grant using thefollowing assumptions: (1) expected volatility of 44.5%, (2)risk-free interest rate of 3.89% and (3) contractual life of 5years. The option may be exercised for cash or on acashless’’basis, at the holder's option, such that the holder may use theappreciated value of the option (the difference between the exerciseprices of the option and the underlying warrants and the market priceof the units and underlying securities) to exercise the option withoutthe payment of any cash.

ITEM 3.    CONTROLS ANDPROCEDURES.

Disclosure controls and procedures are controls andother procedures that are designed to ensure that information requiredto be disclosed in company reports filed or submitted under theSecurities Exchange Act of 1934 (theExchangeAct’’) is recorded, processed, summarized and reported,within the time periods specified in the Securities and ExchangeCommission's rules and forms. Disclosure controls and proceduresinclude, without limitation, controls and procedures designed to ensurethat information required to be disclosed in company reports filed orsubmitted under the Exchange Act is accumulated and communicated tomanagement, including our chief executive officer and treasurer, asappropriate to allow timely decisions regarding requireddisclosure.

As required by Rules 13a-15 and 15d-15 under theExchange Act, our chief executive officer and chief financial officercarried out an evaluation of the effectiveness of the design andoperation of our disclosure controls and procedures as of June 30,2006. Based upon their evaluation, they concluded that our disclosurecontrols and procedures were effective.

Our internal controlover financial reporting is a process designed by, or under thesupervision of, our chief executive officer and chief financial officerand effected by our board of directors, management and other personnel,to provide reasonable assurance regarding the reliability of ourfinancial reporting and the preparation of our financial statements forexternal purposes in accordance with generally accepted accountingprinciples. Internal control over financial reporting includes policiesand procedures that pertain to the maintenance of records that inreasonable detail accurately and fairly reflect the transactions anddispositions of our assets; provide reasonable assurance thattransactions are recorded as necessary to permit preparation of ourfinancial statements in accordance 

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with generally accepted accountingprinciples, and that our receipts and expenditures are being made onlyin accordance with the authorization of our board of directors andmanagement; and provide reasonable assurance regarding prevention ortimely detection of unauthorized acquisition, use or disposition of ourassets that could have a material effect on our financialstatements.

During the most recently completed fiscal quarter,there has been no change in our internal control over financialreporting that has materially affected, or is reasonably likely tomaterially affect, our internal control over financialreporting.

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PART II.

OTHER INFORMATION

ITEM 2:    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OFPROCEEDS

On July 20, 2005, we consummated our initial publicoffering of 250,000 Series A units, with each Series A unit consistingof two shares of our common stock, five Class W warrants and five ClassZ warrants, each to purchase one share of our common stock at anexercise price of $5.00 per share, and 1,250,000 Series B units, witheach Series B unit consisting of two shares of our Class B commonstock, one Class W warrant and one Class Z warrant. On July 29, 2005,we closed on an additional 16,000 Series A units and 187,500 Series Bunits that were subject to the over-allotment option. On August 26,2005, we consummated the closing of an additional 8,000 Series A Unitsthat were subject to the over-allotment option. The Series A Units weresold at an offering price of $10.50 per Series A Unit and the Series BUnits were sold at an offering price of $10.10 per Series B Unit,generating total gross proceeds of $17,395,750. HCFP/Brenner SecuritiesLLC acted as representative of the underwriters for the initial publicoffering. The securities sold in the offering were registered under theSecurities Act of 1933 on a registration statement on Form S-1 (No.333-123050). The Securities and Exchange Commission declared theregistration statement effective on July 13, 2005.

We paid atotal of $1,726,755 in underwriting discounts and commissions, andapproximately $65,172 has been or will be paid for costs and expensesrelated to the offering.

After deducting the underwritingdiscounts and commissions and the offering expenses, the total netproceeds to us from the offering were approximately $15,603,823, ofwhich $14,518,750 was deposited into the trust account and theremaining proceeds are available to be used to provide for business,legal and accounting due diligence on prospective business combinationsand continuing general and administrative expenses.

For adescription of the use of the proceeds generated in our initial publicoffering, see Part I, Item 2 of this Form 10-QSB.

ITEM6:    EXHIBITS

(a)    Exhibits:

31.1– Section 302 Certification by CEO

31.2 –Section 302 Certification by CFO

32.1 – Section906 Certification by CEO

32.2 – Section 906Certification by CFO

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SIGNATURES

Inaccordance with the requirements of the Exchange Act, the registrantcaused this report to be signed on its behalf by the undersigned,thereunto dulyauthorized.

|                        |  |  |                                                                   |
|------------------------|--|--|-------------------------------------------------------------------|
|                   |  |  | JUNIPERPARTNERSACQUISITION CORP.                                  |
| Dated: August  11,2006 |  |  |                                                              |
|                   |  |  | /s/Stuart B. Rekant                                               |
|                   |  |  | Stuart B. RekantChairman of the Board and Chief Executive Officer |
|                   |  |  | /s/Robert B. Becker                                               |
|                   |  |  | Robert B. BeckerChief Financial Officer, Treasurer andSecretary   |
|                        |

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