**FORM        10-KSB**

|   | Commission                  File No. 000-28789                             |   |
|--------|----------------------------------------------------------------------------|--------|
|   |                                                                       |   |
|   |                         WOM, Inc   |   |
|   | (Name                  of small business issuer in its charter)            |   |

|                                   New York          (State                  or other jurisdictionof                  incorporation or organization |   |   |                                          14-1818862  (I.R.S.                  EmployerIdentification                  Number) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                 |   |   |                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                 |   |   |                                                                                                                                                                                                                                                       |
| 1151                  Flatbush Road                                                                                                                                                                                                                                                  |   |   |                                                                                                                                                                                                                                                       |
| Kingston,                  New York                                                                                                                                                                  |   |   | 12401                                                                                                                                                                                                                                                      |
| (Address                  of principal executive offices)                                                                                                                                                                                                                            |   |   | Zip                  Code                                                                                                                                                                                                                                  |

**PART            I**

**Item            1.**
**Business**

*Summary            - Non Operating Company*

*Background            of WOM and the Bansbach Litigation*

** **

| ·   | all                    sums advanced to or on behalf of Michael F. Zinn in connection                    with his                    defense of the Proceeding; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | all                    sums advanced to or on behalf of Michael Daley, who at the time                    of the                    Proceeding was the Vice-President, Chief Financial Officer and                    Corporate                    Secretary of Old Besicorp and was subpoenaed for informationin                    connection with the Proceeding; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | all                    legal expenses, costs and fines incurred by Old Besicorp itself                    in                    connection with the Proceeding; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | all                    harm to Old Besicorp's reputation and goodwill resulting from                    the                    Proceeding; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | punitive                    damages; and |
|--------------------|------------------------------------------|
| ·   | plaintiff's                    attorneys' fees, costs and expenses. |
|--------------------|---------------------------------------------------------------------|
| ·   | the                    proxy statement sent to Old Besicorp's shareholders in connection                    with the                    meeting of Old Besicorp's shareholders to adopt the Prior Plan                    of Merger                    was materially misleading because it failed to adequately disclose                    all                    available material information regarding the effect of the Prior                    Merger on                    the Derivative Litigation, i.e., the Bansbach Litigation and                    the                    Lichtenberg Litigation; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                    Prior Merger was intentionally structured to accomplish the termination                    of                    the Derivative Litigation; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Old                    Besicorp and its directors breached their fiduciary duty by (a)                    intentionally structuring the Prior Merger so as to cause the                    termination                    of the Derivative Litigation, (b) failing to retain independent                    counsel to                    act on behalf of Old Besicorp's minority shareholders, (c) failing                    to                    retain an independent investment banker to opine on the fairness                    of the                    Prior Merger to Old Besicorp's minority shareholders, (d) failing                    to form                    an independent committee to ensure that the Prior Merger was                    fair to and                    in the best interests of Old Besicorp's minority shareholders,                    and (e)                    providing for a $1 million bonus to Mr. Zinn and a $500,000 bonus                    to Mr.                    Daley, which the March Complaint deemed to be excessive and/or                    unwarranted                    compensation. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | injunctive                    relief directing full disclosure of the financial impact on Old                    Besicorp's                    shareholders of the termination of the Derivative                    Litigation; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | full                    disclosure of the alleged intentional structuring of the Prior                    Merger to                    cause the termination of the Derivative                    Litigation; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | an                    order directing that: |
|--------------------|---------------------------------------------|
| (ii)   | the                    Prior Merger Consideration payable to Mr. Zinn and two formerdirectors                    and executive officers of Old Besicorp, Mr. Enowitz and Steven                    I.                    Eisenberg, for their shares of Old Besicorp's common stock (which                    were                    subject to the Lichtenberg Litigation) be held in escrow,                    and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | certain                    amounts at issue in the Bansbach Litigation be held in escrow                    pending                    final adjudication of the respective                    actions. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Certain            Effects of the Transfer of Bansbach Litigation to WOM*

*The            Contribution Agreement*

*The            Indemnification Agreement*

| ·   | any                    inaccuracy in or breach of any representation and warranty made                    by Old                    Besicorp in the Prior Plan of Merger or in any closing                    document delivered in connection with the Prior Plan of                    Merger; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | any                    breach by Old Besicorp of, or failure by Old Besicorp to comply                    with, any of its covenants or obligations under the Prior                    Plan of Merger or under the Indemnification                    Agreement; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                    existence of any liability or other obligation of Old Besicorp                    as of March 22, 1999                    or** **arising                    out of or relating to                    the Prior Merger or any claim against a Purchaser Indemnitee                    with respect                    to any such liability or obligation other than certain permitted                    liabilities, including, without limitation, liability on account                    of taxes                    payable by Old Besicorp or for which Old Besicorp is                    liable; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                    failure of Besicorp to pay and discharge in full when due any                    of its liabilities, including liability on account of taxes                    other than such permitted liabilities; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | any                    claims for indemnification by current or former officers,                    directors, employees, agents or consultants of Old                    Besicorp; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | any                    third party claim (which includes the Existing Litigation)                    to                    the extent it arises out of or relates to any action or inaction                    of, or the conduct of the business of Old Besicorp on                    or                    prior to March 22, 1999** **other                    than such permitted liabilities; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | any                    violation of, or delinquency with respect to, any order or arbitration                    award or statute, or regulation in effect on or prior to March                    22,                    1999** **or                    of any agreement of Old Besicorp with, or any license, permit                    or                    environmental permit granted to Old Besicorp by any federal,                    state or                    local governmental authority                    to which the properties, assets, personnel or business activities                    of Old Besicorp are subject (or to which Old Besicorp                    is                    subject) as it relates to the properties, assets, personnel or                    business                    activities of Old Besicorp; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | certain                    environmental matters; |
|--------------------|---------------------------------------------------|
| ·   | certain                    matters relating to employee pension benefit plans of                    Old Besicorp; |
|--------------------|-------------------------------------------------------------------------------------------------------------------|
| ·   | any                    federal or state taxes imposed upon Old Besicorp, or for which                    Old                    Besicorp is liable, with respect to any taxable period or portion                    of a                    taxable period ending on or prior to March 22, 1999** **other                    than a permitted liability; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | litigation                    against Old Besicorp pending or threatened as of                    March 22, 1999; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|
| ·   | any                    claims, investigations, proceedings, actions or lawsuits asserted                    or initiated before or after March 22, 1999** **arising                    out                    of                    or in connection with pre-closing occurrences involving Old                    Besicorp. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Escrow            Agreement*

| ·   | BGI                    Monitoring Costs which are BGI Parent's out-of-pocket expenses                    (not to exceed $40,000 per year) incurred if it is                    represented by counsel with respect to: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                    Besicorp Assumed Matters (which are certain litigations specified                    in the                    Indemnification                    Agreement and other matters                    to                    be prosecuted or defended by Besicorp pursuant to the Indemnification                    Agreement) and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                    Bansbach Litigation; |
|------------------|---------------------------------------------|
| ·   | BGI                    Indemnity Claims which are all claims for indemnity made by BGI                    Parent pursuant to the Indemnification Agreement, including                    any claims of BGI Parent with respect to the Besicorp Assumed                    Matters                    arising from the failure of Besicorp to diligently prosecute                    or defend                    such Besicorp Assumed Matters, BGI Monitoring Costs and any |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | payment                    of fees and expenses of the payment agent pursuant to the Prior                    Plan of                    Merger; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Litigation                    Costs which are costs and expenses relating to:  |
|--------------------|-------------------------------------------------------------------------------------|
| (i)   | Besicorp                    Assumed Matters; |
|-----------------|----------------------------------------------|
| (ii)   | litigation                    arising out of or relating to any such Besicorp Assumed                    Matters; |
|------------------|-------------------------------------------------------------------------------------------------------------------|
| (iii)   | indemnification                    of claims against Old Besicorp's                    directors and officers (prior                    to                    the Prior Merger) for actions in their official capacity preceding                    the                    date of the Prior Merger; and |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | matters                    arising out of or relating to the Prior Merger;                    and |
|------------------|---------------------------------------------------------------------------------------------------|
| ·   | WOM                    Costs which are: |
|--------------------|-----------------------------------------|
| (i)   | reasonable                    expenses incurred by Besicorp or WOM in connection with (a) the                    formation                    of WOM, (b) the Spin-Off (including the cost of distributing                    the shares of                    WOM's Common Stock (including the fees and expenses of Continental)                    and                    (c) the preparation and filing of the Registration                    Statement, |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | WOM's                    reasonable expenses (up to $35,000 per annum) (a) to maintain                    its                    existence, (b) to comply with the Exchange Act and the rules                    and                    regulations promulgated thereunder, and (c) for such other matters                    as may                    be reasonably necessary to permit the Bansbach Litigation to                    continue,                    and |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | WOM's                    costs and expenses relating to (a) the Bansbach Litigation, and                    (b)                    litigation arising out of or relating to                    the Bansbach Litigation, the Spin-Off and WOM's                    existence. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item            2.**
**Description            of Property**

**Item            3.**
**Legal            Proceedings**

| ·   | satisfy                    its obligations pursuant to the Indemnification Agreement whereby                    it                    agreed to indemnify the Prior Merger Parties for damages relating                    to                    various matters including, breaches of the Prior Merger Agreement                    and                    substantially all of Old Besicorp's litigation that was pending                    at the                    time of the Prior Merger, and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | satisfy                    certain other obligations relating principally to certain lawsuits                    that                    Besicorp assumed from Old Besicorp pursuant to the Prior Contribution                    Agreement. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

**PART            II**

**Item            5.**
**Market            for Common Equity, Related Stockholder Matters and Small Business Issuer            of            Purchases of Equity Securities.**

**Item            6.**
**Management's            Discussion and Analysis or Plan of Operations**
** **

*Forward*
***-***
*Looking            Information*

| ·   | costs                    or difficulties related to our ability to fund our operations                    from the                    Escrow Fund; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                    time it takes to resolve the Bansbach Litigation;                    and |
|--------------------|-------------------------------------------------------------------------------------------------|
| ·   | the                    outcome of the Bansbach Litigation. |
|--------------------|------------------------------------------------------------|

*Results            of Operations*

*Liquidity            and Capital Resources and Off Balance Sheet Arrangements*

*i.e.,            *

| **Item                      7.** | **Financial****Statements** |
|----------------------------------|-----------------------------|

| **Item                      8.** | **Changes                      in and Disagreements with Accountants on Accounting****and Financial Disclosure** |
|----------------------------------|------------------------------------------------------------------------------------------------------------------|

|   | Not                      applicable. |
|--------|--------------------------------------|

**Item            8A. Controls and Procedures**

**Item            8B. Other Information **

** **

**PART            III**

**Item            9.**
**Directors,            Executive Officers, Promoters and Control Persons;**
**            Compliance with Section 16(a) of the Exchange Act**

*Frederic            M. Zinn*

*Michael            L. Vizzie *

*Code            of Ethics*

**Item            10.**
**Executive            Compensation**

**Item            11.**
**Security            Ownership of Certain Beneficial Owners and Management**

|   Name                      of Beneficial Owner                                                                                                                                                                                      |  Number                      of Shares of Common Stock Beneficially Owned                      (1) |  Percent                      of Common Stock Beneficially                      Owned (1) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                           |                                                                                                    |                                                                                           |
| Estate                      of Michael F. Zinn5310                      Boca Marina CircleBoca                      Raton, Fl 33487                                                                                                            | 57,967                      (2)                                                                         | 48.9%                                                                                          |
| Randi                      Zinnc/o                      1151 Flatbush RoadKingston,                      New York 12401                                                                                                                        | 57,967                      (2)(3)                                                                      | 48.9%                                                                                          |
| Frederic                      M. Zinn1151                      Flatbush RoadKingston,                      New York 12401                                                                                                                      | 57,967                      (4)                                                                         | 48.9%                                                                                          |
| Michael                      L. Vizzie 1151                      Flatbush RoadKingston,                      New York 12401                                                                                                                    | ___                                                                                                     | *                                                                                              |
| Harold                      M. Zinn2295                      S. Ocean Blvd.Palm                      Beach, FL 33480                                                                                                                           | 10,000                                                                                             | 8.4%                                                                                           |
| Current                      director and executive officer as a group (2 persons)                           | 57,967                                                                                                  | 48.9%                                                                                          |

*Compliance            With Section 16(a) of The Exchange Act.*

**Item            12.**
**Certain            Relationships And Related Transactions**

**Item            13. Exhibits **

| Exhibit                      No. | Description                                                                                                                                                                                            |
|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1                              | Contribution                      and Distribution Agreement by and between                      Besicorp and WOM.1                                                                                    |
| 3(i)                             | Certificate                      of Incorporation of WOM, Inc.2                                                                                                                                        |
| 3(ii)                            | By-Laws                      of WOM, Inc.                                                                                                                                                              |
|                             |                                                                                                                                                                                                   |
| 10.1                             | Indemnification                      Agreement dated as of March 22, 1999** **by                      and among Old Besicorp, Besicorp, BGI Parent and BGI                      Acquisition3 |
| 10.2                             | Escrow                      Agreement dated as of March 22, 1999** **by                      and among                      Besicorp, Old Besicorp, BGI Parent and BGI Acquisition.4         |
| 10.3                             | Amendment                      No.1 to the Escrow Agreement dated as of February                      23, 2000 by and among Besicorp, Old Besicorp,                      BGI Parent and WOM.5          |
|                             |                                                                                                                                                                                                   |
| 31.1                             | Rule                      13a-14(a)/15(d)-14(a) certification                                                                                                                                          |
|                             |                                                                                                                                                                                                   |
| 31.2                             | Rule                      13a-14(a)/15(d)-14(a) certification                                                                                                                                          |
|                             |                                                                                                                                                                                                   |
| 32.1                             | Section                      1350 certifications                                                                                                                                                       |

**Item            14. Principal Accountant Fees and Services.**

*Audit            Fees*

*Audit-Related            Fees*

*Tax            Fees*

*All            Other Fees*

**Report              of **
**Independent**
** Registered Public Accounting              Firm**

**WOM,            INC.**

**BALANCE            SHEET**

|                                                                                                                                                                                                           |   |   | March                      31, 2006  |   |   | March                      31, 2005 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| ASSETS                                                                                                                                                                                                    |   |   |                                      |   |   |                                |   |
| Cash                                                                                                                                                                                                      |   | $      | 54                                        |   | $      | 54                                  |   |
| LIABILITIES                      AND                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| STOCKHOLDERS'                      EQUITY (DEFICIT)                                                                                                                                                       |   |   |                                      |   |   |                                |   |
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| Accrued                      expenses                                                                                                                                                                     |   | $      | 5,665                                     |   | $      | 5,665                               |   |
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| Total                      Liabilities                                                                                                                                                                    |   | $      | 5,665                                     |   | $      | 5,665                               |   |
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| Shareholders’                      Equity:Common                      stock, $.01 par value, 250,000 shares authorized;                      118,436 shares issued at March 31, 2006 and 2005  |   |   | 1,184                                     |   |   | 1,184                               |   |
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| Accumulated                      deficit                                                                                                                                                                  |   |   | (6,795                                    | )      |   | (6,795                              | )      |
| Total                      Stockholders' Equity (Deficit)                                                                                                                                                 |   |   | (5,611                                    | )      |   | (5,611                              | )      |
|                                                                                                                                                                                                      |   |   |                                      |   |   |                                |   |
| Total                      Liabilities and Shareholders' Equity                      (Deficit)                                                                                                            |   | $      | 54                                        |   | $      | 54                                  |   |

**WOM,            INC.**

**STATEMENT            OF OPERATIONS**

|                                                                                         |   |   |   For the Year Ended March                      31, 2006  |   |   | For                      the Year EndedMarch                      31, 2005 |   |
|----------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|
| Revenues                                                                                     |   | $      | 0                                                                        |   | $      | 0                                                                          |   |
| Costs                      and Expenses:                                                     |   |   | 0                                                                        |   |   | 0                                                                          |   |
| Income                      Before Income Taxes                                              |   |   | 0                                                                        |   |   | 0                                                                          |   |
| Provisions                      for Income Taxes                                             |   | $      | 0                                                                        |   | $      | 0                                                                          |   |
|                                                                                         |   |   |                                                                     |   |   |                                                                       |   |
| Net                      Income                                                              |   | $      | 0                                                                        |   | $      | 0                                                                          |   |
|                                                                                         |   |   |                                                                     |   |   |                                                                       |   |
| Basic                      Income per Share                                                  |   | $      | 0                                                                        |   | $      | 0                                                                          |   |
|                                                                                         |   |   |                                                                     |   |   |                                                                       |   |
| Basic                      Weighted AverageNumber                      of Shares Outstanding |   |   | 118,436                                                                  |   |   | 118,436                                                                    |   |

**WOM,            INC.**

**STATEMENT            OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) For The Years Ended March            31, 2006            and 2005**

|                                           |   |  Common                      Stock |   | AdditionalPaid-In                      Capital |   | Accumulated(Deficit)           |   |  Total                    |   |
|------------------------------------------------|--------|-----------------------------------------|--------|------------------------------------------------|--------|--------------------------------|--------|--------------------------------|--------|
|                                           |   |                                    |   |                                           |   |                           |   |                           |   |
| Balance                      at March 31, 2004 |   | $                      1,184            |   | 0                                              |   | $                      (6,795) |   | $                      (5,611) |   |
|                                           |   |                                    |   |                                           |   |                           |   |                           |   |   |   |   |   |
| Net                      Income for the Year   |   |                                    | --     |                                           |   | --                             |   |                           | --     |   |   | -- |   |
|                                           |   |                                    |   |                                           |   |                           |   |                           |   |   |   |   |   |
| Balance                      at March 31, 2005 |   | $                                       | 1,184  |                                           |   | 0                              |   | $                              | (6,795 | ) | $ | (5,611 | ) |
|                                           |   |                                    |   |                                           |   |                           |   |                           |   |   |   |   |   |
| Net                      Loss for the Year     |   |                                    | --     |                                           |   | --                             |   |                           | --     |   |   | -- |   |
|                                           |   |                                    |   |                                           |   |                           |   |                           |   |   |   |   |   |
| Balance                      at March 31, 2006 |   | $                                       | 1,184  |                                           |   | 0                              |   | $                              | (6,795 | ) | $ | (5,611 | ) |

**WOM,            INC.**

**STATEMENT            OF CASH FLOWS**

|                                                     |   | For                      the Year EndedMarch                      31, 2006 |   | For                      the Year EndedMarch                      31, 2005 |   |
|----------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Operating                      Activities:               |   |                                                                       |   |                                                                       |   |   |   |
| Net                      Income                          |   | $                                                                          | 0      |                                                                       | $      | 0 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Adjustments:                                             |   |                                                                       | 0      |                                                                       |   | 0 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Net                      Cash Provided                   |   |                                                                       |   |                                                                       |   |   |   |
| By                      Operating Activities             |   |                                                                       | 0      |                                                                       |   | 0 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Increase                      in Cash                    |   |                                                                       | 0      |                                                                       |   | 0 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Cash                      Beginning                      |   |                                                                       | 54     |                                                                       |   | 54 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Cash                      Ending                         |   |                                                                       | 54     |                                                                       |   | 54 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Supplemental                      Cash Flow Information: |   |                                                                       |   |                                                                       |   |   |   |
| Interest                      paid                       |   | $                                                                          | 0      |                                                                       | $      | 0 |   |
|                                                     |   |                                                                       |   |                                                                       |   |   |   |
| Income                      taxes paid                   |   |                                                                       | 0      |                                                                       |   | 0 |   |

**WOM,            INC.**

**NOTES            TO FINANCIAL STATEMENTS**

** **

            The            decision denying Zinn's motion for renewal was affirmed by the Appellate            Division, Third Department, in a memorandum and order, dated July 7,            2005. The            Estate of Michael Zinn has been substituted into this action as a party            defendant and discovery is proceeding. It is not yet known what effect,            if any,            the death of Michael Zinn will have on the prosecution and defense of            this            action. The Company intends to vigorously defend this action. 

**GLOSSARY**

| Signature                                                                                                                                                       | Title                                                                                                                                        | Date                                                 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|
|                                                                                                                                                            |                                                                                                                                         |                                                 |
|    /s/                      Frederic M. Zinn                               Frederic M. Zinn         |    President                      and Director (principal executive officer)                                                  |    July                      14, 2006 |
|                                                                                                                                                            |                                                                                                                                         |                                                 |
|                                                                                                                                                            |                                                                                                                                         |                                                 |
|    /s/                      Michael L. Vizzie                                Michael L. Vizzie |    Chief                      Financial Officer and Director(principal                      financial and accounting officer) |    July                      14, 2006 |
|                                                                                                                                                            |                                                                                                                                         |                                                 |
|                                                                                                                                                            |                                                                                                                                         |                                                 |