**SECURITIES
      AND EXCHANGE COMMISSION**





**Washington,
      D.C.  20549**


**______________________**





**FORM
      10-KSB**





**[
      X ] Annual Report under Section 13 or 15(d) of the Securities Exchange Act
      of
      1934**





For
      the
      fiscal year ended December 31, 2006





OR





**[   ]   Transition
      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934**





For
      the
      transition period from ________ to ___________





Commission
      file number: 000-52227





**SECURE
      NETWERKS, INC.**


(Name
      of
      Small Business Issuer in Its Charter)








Delaware
            
            20-4910418(State
                or Other Jurisdiction
              of
                Incorporation or Organization)
            
            (IRS
                Employer
              Identification
                No.)10757
                So. River Front Pkwy, Suite 125South
                Jordan, Utah
            
            84095(Address
                of Principal Executive Offices)
            
            (Zip
                Code)








(801)
                816-2570Issuer’s
                Telephone Number, Including Area Code








Securities
      registered under Section 12(b) of the Exchange Act: None





Securities
      registered under Section 12(g) of the Exchange
      Act:  None











Check
      whether the issuer is not
      required to file reports pursuant to Section 13 or 15(d) of the Exchange
      Act.  [     ]





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





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





Indicate
      by check mark whether the
      registrant is a shell company (as defined in Rule 12b-2 of the Exchange
      Act).  Yes [    ]  No
      [X]





The
      Company’s revenues for the fiscal
      year ending December 31, 2006 were $301,982.





The
      aggregate market value of the
      Company’s voting stock held by non-affiliates multiplied by the offering price
      is not ascertainable because the Company has not yet received a trading symbol
      from the NASD.





**APPLICABLE
      ONLY TO CORPORATE ISSUERS**





State
      the number of shares outstanding
      of each of the issuer’s classes of common equity, as of the latest practicable
      date.  As of March 21, 2007, the Company had outstanding 500,000
      shares of common stock, par value $0.001 per share.








**DOCUMENTS
      INCORPORATED BY REFERENCE**





None.








Transitional
      Small Business Disclosure
      Format (check one)  [  ] Yes [x] No
























































**TABLE
                  OF CONTENTS****PART
                  I.**
              **1****ITEM
                  1:  DESCRIPTION OF BUSINESS**
              **1****ITEM
                  2.  DESCRIPTION OF PROPERTY**
              **10****ITEM
                  3.  LEGAL PROCEEDINGS**
              **10****ITEM
                  4:  SUBMISSION ON MATTERS TO A VOTE OF SECURITY
                  HOLDERS**
              **10****PART
                  II**
              **10****ITEM
                  5:  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
                  MATTERS.**
              **10****ITEM
                  6.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
                  OPERATION**
              **11****ITEM
                  7:  FINANCIAL STATEMENTS REQUIRED BY FORM
                  10-KSB**
              **14****ITEM
                  8  CHANGES IN AND DISAGREEMENTS WITH
                  ACCOUNTANTS**
              **26****ITEM
                  8A:  CONTROLS AND PROCEDURES**
              **26****ITEM
                  8B:  OTHER INFORMATION**
              **26****PART
                  III**
              **26****ITEM
                  9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS
                  AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(A) OF THE
                  EXCHANGE
                  ACT**
              **26****ITEM
                  10.  EXECUTIVE COMPENSATION**
              **28****ITEM
                  11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                  MANAGEMENT AND RELATED STOCKHOLDER MATTERS**
              **29****ITEM
                  12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
                  DIRECTOR INDEPENDENCE**
              **30****ITEM
                  13:  EXHIBITS AND REPORTS ON FORM 8-K.**
              **30****ITEM
                  14:  PRINCIPAL ACCOUNTANT FEES AND
                  SERVICES**
              **31**





FORWARD
      LOOKING STATEMENTS





THIS
      ANNUAL REPORT ON FORM 10-KSB, IN
      PARTICULAR “ITEM 6. MANAGEMENT’S****DISCUSSION AND ANALYSIS
      OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” AND “ITEM 1. BUSINESS,”
INCLUDE “FORWARD-LOOKING STATEMENTS” WITHIN THE MEANING OF SECTION 21E OF THE
      SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.  THESE STATEMENTS
      REPRESENT THE COMPANY’S EXPECTATIONS OR BELIEFS CONCERNING, AMONG OTHER THINGS,
      FUTURE REVENUE, EARNINGS, AND OTHER FINANCIAL RESULTS, PROPOSED ACQUISITIONS
      AND
      NEW PRODUCTS, ENTRY INTO NEW MARKETS, FUTURE OPERATIONS AND OPERATING RESULTS,
      FUTURE BUSINESS AND MARKET OPPORTUNITIES.  THE COMPANY WISHES TO
      CAUTION AND ADVISE READERS THAT THESE STATEMENTS INVOLVE RISK AND UNCERTAINTIES
      THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE EXPECTATIONS
      AND
      BELIEFS CONTAINED HEREIN.  FOR A SUMMARY OF CERTAIN RISKS RELATED TO
      THE COMPANY’S BUSINESS, SEE “RISK FACTORS.” UNDER “ITEM
      1.  DESCRIPTION OF BUSINESS.”





Unless
      the context requires otherwise,
      references to the Company are to Secure Netwerks, Inc.





**PART
      I.**





**ITEM
      1:  DESCRIPTION OF
      BUSINESS**





**Cautionary
      Factors That May Affect Future Results (Cautionary Statements Under the Private
      Securities Litigation Reform Act of 1995)**





The
      disclosure and analysis set forth
      herein contains certain forward looking statements, particularly statements
      relating to future actions, performance or results of current and anticipated
      products and services, sales efforts, expenditures, and financial
      results.  From time to time, the Company also provides forward-looking
      statements in other publicly-released materials, both written and
      oral.  Forward-looking statements provide current expectations or
      forecasts of future events such as new products or services, product approvals,
      revenues, and financial performance.  These statements are identified
      as any statement that does not relate strictly to historical or current
      facts.  They use words such as “anticipates,” “intends,” “plans,”
“expects,” “will,” and other words and phrases of similar meaning.  In
      all cases, a broad variety of assumptions can affect the realization of the
      expectations or forecasts in those statements.  Consequently, no
      forward-looking statement can be guaranteed.  Actual future results
      may vary materially.





The
      Company undertakes no obligation to
      update any forward-looking statements, but investors are advised to consult
      any
      further disclosures by the Company on this subject in its subsequent filings
      pursuant to the Securities Exchange Act of 1934.  Furthermore, as
      permitted by the Private Securities Litigation Reform Act of 1995, the Company
      provides these cautionary statements identifying risk factors, listed below,
      that could cause the Company’s actual results to differ materially from expected
      and historical results.  It is not possible to foresee or identify all
      such factors.  Consequently, this list should not be considered an
      exhaustive statement of all potential risks, uncertainties and inaccurate
      assumptions.





1


**RISK
      FACTORS**





**Operating
      Risks**





**Our
      Independent Auditors Have Expressed Uncertainty About Our Ability to Continue
      as
      a Going Concern, Which May Dissuade Others From Doing Business With
      Us.**  Our independent auditors have raised substantial doubt
      about our ability to continue as a going concern.  Because other
      organizations that seek to do business with Secure Netwerks often request a
      copy
      of our audit report, their perception of our company may be negatively
      influenced.  For example, we may not be able to obtain invoice payment
      terms and price discounts from equipment manufacturers because we may be viewed
      as a credit risk, which could lead to a loss of sales opportunities if we do
      not
      have sufficient cash flow to pay for our inventory upon receipt or cannot make
      a
      profit on the sale of such equipment without such discounts.  To date,
      no manufacturers have discontinued their discount programs with us, but we
      cannot assure you that such manufacturers will continue to provide us discounts
      in the future.





**We
      Risk Losing Some of Our Key
      Personnel Because of Our Fluctuating Revenues and Cash Flows****.**Secure Netwerks’ success depends, in
      large part, upon the talents and skills of its management and key personnel,
      principally Chene Gardner, our Chief Executive Officer, and Ryan Gloshen and
      Jonathon Bish, our principal salespersons.  Our sales force is paid
      variable amounts based largely upon sales receipts, and therefore their incomes
      can fluctuate substantially from month to month..  To the extent that
      any of our key personnel are unable or refuse to continue their association
      with
      Secure Netwerks, a suitable replacement would have to be found.  We do
      not have employment agreements with any of our personnel and therefore we do
      not
      have restrictions on the ability of former employees to compete with
      us.  Further, we do not have key man life insurance on any person in
      our company and could not therefore be compensated for the loss of any
      individual due to death or disability.  We cannot assure you that we
      would be able to find suitable replacements for our existing management
      personnel or technical personnel or that we could retain such replacements
      for
      an affordable amount.





**Our
      Chief Executive Does Not Work Exclusively for Secure Netwerks and May Face
      Time
      Conflicts Which Could Compromise His Availability to Manage Our
      Company****.**Chene Gardner, our Chief Executive
      Officer, is also the controller for SportsNuts, Inc. the Chief Financial Officer
      for Cancer Therapeutics, Inc., and the Chief Executive Officer for Global
      Network, Inc.  His role in these organizations puts substantial
      constraints on his time which may detract from his ability to manage the
      business of Secure Netwerks effectively.  Mr. Gardner spends
      approximately one third of his time working for Secure Netwerks.  We
      cannot assure you that Mr. Gardner will be able to avoid scheduling and time
      conflicts in the future, which may impair his performance as our Chief Executive
      Officer.





**Our****Business
      is
      Inherently Risky Because of Fluctuations in Cash Receipts From Our
      Customers.**  The information technology hardware business is
      inherently risky.  Gross profit margins for basic computer hardware
      are generally small and therefore we seek to sell more sophisticated and
      customized equipment which generally requires deep relationships with larger
      organizations.  These larger organizations are themselves customarily
      subject to budget constraints regarding capital equipment purchases which can
      cause our cash receipts to fluctuate depending on the budget cycle for a
      particular institutional customer.  If our sales and outsourced
      services do not generate enough cash flow to meet our operating expenses (such
      as debt service, capital expenditures, and legal and accounting fees), our
      ability to develop and expand our business and become profitable will be
      adversely affected.  We have periodically experienced cash flow
      difficulties which have resulted in an accumulated deficit of $193,227 as of
      December 31, 2006.





**We
      Risk Losing Business Due to In-House Technology
      Personnel.**We have found an increasing tendency of medium
      sized businesses to rely on internal personnel to service and
      maintain


2


computer
      networks, even if such personnel are not properly trained to perform the tasks
      required.  Because these persons may not be adequately trained, they
      may not be aware of the needs of their businesses to acquire updated
      equipment.  In addition, even though these persons remain the point of
      contact for our sales personnel, they are typically unable to make purchasing
      decisions regarding computer equipment without securing permission from
      management or another department who may be resistant to such purchases without
      having interface with a trained sales representative.  Finally,
      internal technology personnel can also themselves be resistant to bids for
      service projects because they may feel threatened by specialized outside service
      technicians who are generally more skilled and may detect errors in the manner
      in which systems and networks have been managed by in-house personnel in the
      past.  If the trend of relying on internal technology personnel
      continues, we may not be able to secure agreements with medium-sized
      organizations or may be forced to dramatically change our sales techniques
      which
      has no guarantee of success.





**Our
      Business Could be Adversely Affected From Cheaper Outsourced Services Provided
      Overseas.**  We are facing increasing competition from
      outsourced lower overhead firms in India, Russia, and other rapidly developing
      technology sectors around the world.  These firms also have access to
      low-cost personnel who are fluent in English and are proficient in software
      languages, which enable them to bid for service projects at a substantially
      reduced rate from what we are able to provide.  Although there are
      certain configuration, testing and setup services which are difficult to provide
      remotely, we cannot assure you that such firms will not be able to provide
      such
      services in the future and that our revenues will not be adversely
      affected.





**We
      will Require Additional
      Financing for Expansion and other Functions Which Might Only be Procured on
      Disadvantageous Terms.**  We will likely require substantial
      additional capital in the future for expansion, business development, marketing,
      computer software and systems, overhead, administrative, and other expenses
      such
      as additional payroll and employee training.  We cannot assure you
      that we will be able to raise additional funds or that financing will be
      available to Secure Netwerks on acceptable terms.  Lack of additional
      funds could negatively affect our business, particularly if we do not possess
      sufficient cash or are not provided credit facilities to purchase equipment
      in
      connection with a large customer order.





**You
      Could be Adversely Impacted from Any Additional Financing We Receive Due to
      Dilution or Restrictive Covenants.**  Your investment in Secure
      Netwerks could be negatively affected because of certain factors which may
      accompany any financing.  For example, we may issue our equity
      securities or securities convertible into our equity at an effective price
      which
      causes substantial dilution to your ownership in Secure Netwerks.  Any
      such financing may also contain provisions which may restrict our ability to
      consummate certain transactions such as a pledge or sale of our assets, an
      extension of credit, or borrowings, all of which may impair the operation of
      our
      business.





**We
      Compete With Substantially
      Larger Companies That May be Better Positioned to Win Larger and More Profitable
      Contracts.**  In attempting to market our services to medium
      and larger organizations, we compete with substantially larger companies which
      have greater name recognition and financial resources to price their services
      and, in particular, computer products which are purchased through
      them.  Accordingly, we may not be able to effectively compete for
      larger outsourcing and purchasing contracts unless and until we possess
      additional financial, marketing, and technical resources.





**We
      May Lose Our Status as an
      Authorized Reseller Which Could Prevent Us From Selling Certain Computer
      Equipment**.  Secure Netwerks success and its outsourced
      service contracts are substantially dependent upon our ability to deliver our
      clients high quality products which requires that we continue as an authorized
      reseller for manufacturers.  These manufacturers typically have
      various conditions which must be met in order to retain such reseller
      authorization, such as product proficiency


3


certifications,
      licenses, and volume purchases.  Because computer equipment and
      related software is constantly being modified and upgraded, we may lose our
      status as an authorized reseller because we have not provided sufficient ongoing
      training to our employees.  Furthermore, we could also lose such
      status because we lack the financial capacity to secure large volume
      orders.  Where we purchase equipment from a wholesale reseller instead
      of the manufacturer, we do not control whether or not our suppliers continue
      to
      sell us such wholesale products.  Any substantial interruption in our
      ability to supply discounted products to our clients would have a material
      adverse effect on our business, operating results, and financial
      condition.





**Investment
      Risks**





**A
      Purchase of Secure Netwerks
      Shares is a Speculative Investment Because We Have a Limited Operating History
      and a History of Losses**.  Secure Netwerks’ shares are a
      speculative investment. To date, Secure Netwerks has generated net losses and
      we
      cannot guarantee that we will ever generate a profit in the
      future.  As of December 31, 2006, Secure Netwerks has an accumulated
      deficit of $193,227.  Secure Netwerks is not guaranteed to continue to
      make sales of computer products or related outsourced services.  If
      Secure Netwerks continues to generate losses and we are unsuccessful at
      decreasing Secure Netwerks’ operating costs or raising investment capital, it is
      unlikely that Secure Netwerks would be able to meet its financial obligations
      and you could lose your entire investment.





**There
      has Never Been a Public Market For Our Shares and You May Therefore Never be
      Able to Sell Your Shares in the Public Market.**  Prior to this
      registration statement, there has been no public market for the common stock
      of
      Secure Netwerks.  If a public market for the common stock does develop
      at a future time, sales of shares by shareholders of substantial amounts of
      common stock of Secure Netwerks in the public market could adversely affect
      the
      prevailing market price and could impair our future ability to raise capital
      through the sale of our equity securities.





**Even
      if the Shares of Secure Netwerks are Quoted on a Trading Medium, You May Lack
      Liquidity in Your Shares**.  Because in the future, our stock
      may trade on the over-the-counter bulletin board, our stockholders may have
      greater difficulty in selling their shares when they want and for the price
      they
      want.  The over-the-counter bulletin board is separate and distinct
      from the Nasdaq stock market.  The bulletin board does not operate
      under the same rules and standards as the Nasdaq stock market, including, for
      example, order handling rules.  The absence of these rules and
      standards may make it more difficult for a stockholder to obtain execution
      of an
      order to trade and to obtain the price they wanted for a trade.  This
      means our shareholders may not be able to sell their shares when they want
      for a
      price they want.  In addition, because stocks traded on the bulletin
      board are usually thinly traded, highly volatile, have fewer market makers
      and
      are not followed by analysts, our stockholders may have greater difficulty
      in
      selling their shares when they want and for the price they
      want.  Investors may have greater difficulty in getting orders filled
      because it is anticipated that if our stock trades on a public market, it
      initially will trade on the over-the-counter bulletin board rather than on
      Nasdaq.  Investors’ orders may be filled at a price much different
      than expected when an order is placed.  Trading activity in general is
      not conducted as efficiently and effectively as with Nasdaq-listed
      securities.  Bulletin board transactions are conducted almost entirely
      manually.  Because there are no automated systems for negotiating
      trades on the bulletin board, they are conducted via telephone.  In
      times of heavy market volume, the limitations of this process may result in
      a
      significant increase in the time it takes to execute investor
      orders.  Therefore, when investors place market orders – an order to
      buy or sell a specific number of shares at the current market price – it is
      possible for the price of a stock to go up or down significantly during the
      lapse of time between placing a market order and getting
      execution.  Because bulletin board stocks are usually not followed by
      analysts, there may be lower trading volume than for Nasdaq-listed
      securities.  Further, a registered broker-dealer must submit an
      application to the National Association of Securities Dealers to enable our
      stock to be listed on the bulletin board.  Because the National
      Association of Securities Dealers


4


will
      conduct their own review of Secure Netwerks and its business, we cannot assure
      you that we will be successful in getting Secure Netwerks listed on the bulletin
      board or any other quotation medium.





**We
      Have Never Issued a Dividend
      and You May Never Receive a Dividend in the Future and Must Rely Solely on
      a
      Possible Increase in the Value of Your Shares to Achieve any Return on Your
      Investment in Lieu of Dividend Income.**  Secure Netwerks has
      never issued a dividend and we do not anticipate paying dividends on our common
      stock in the foreseeable future.  Consequently, you should not rely on
      an investment in Secure Netwerks if you require dividend income.  Any
      return on your investment in Secure Netwerks will come from the potential
      appreciation in the value of your shares, which is inherently uncertain and
      unpredictable.  Furthermore, we may also be restricted from paying
      dividends in the future pursuant to subsequent financing arrangements or
      pursuant to Delaware law.





**Because
      Our Liability is
      Limited, Neither You nor Secure Netwerks May be Able to Hold Management Liable
      for Certain Breaches of Duty.**  Secure Netwerks has adopted
      provisions in its Certificate of Incorporation which limit the liability of
      our
      officers and directors and provisions in our bylaws which provide for
      indemnification by Secure Netwerks of our officers and directors to the fullest
      extent permitted by Delaware corporate law.  Secure Netwerks’
Certificate of Incorporation generally provide that its directors shall have
      no
      personal liability to Secure Netwerks or its stockholders for monetary damages
      for breaches of their fiduciary duties as directors, except for breaches of
      their duties of loyalty, acts or omissions not in good faith or which involve
      intentional misconduct or knowing violation of law, acts involving unlawful
      payment of dividends or unlawful stock purchases or redemptions, or any
      transaction from which a director derives an improper personal
      benefit.  Such provisions substantially limit your ability to hold
      directors liable for breaches of fiduciary duty.





**You
      Could be Diluted from the
      Issuance of Additional Common and Preferred
      Stock.**  Presently, Secure Netwerks has 500,000 shares of
      common stock outstanding and no shares of preferred stock
      outstanding.  Secure Netwerks is authorized to issue up to 100,000,000
      shares of common stock and 10,000,000 shares of preferred stock.  To
      the extent of such authorization, the Secure Netwerks board of directors will
      have the ability, without seeking shareholder approval, to issue additional
      shares of common stock in the future for such consideration as the board may
      consider sufficient.  The issuance of additional common stock in the
      future may reduce your proportionate ownership and voting power.





**CORPORATE
      ORGANIZATION**





Secure
      Networks, Inc. was initially formed in the state of Utah on February 4, 2004,
      and was subsequently reincorporated in Delaware on February 14, 2006 as Secure
      Netwerks, Inc.  Secure Netwerks was a wholly-owned subsidiary of
      SportsNuts. Inc., a Delaware corporation traded on the OTC Electronic Bulletin
      Board that files reports with the Securities and Exchange Commission under
      Sections 13(a) and 15(d) of the Securities Exchange Act of 1934.  On
      March 1, 2007, the shares of Secure Netwerks were spun-off to the shareholders
      of SportsNuts, Inc.  As of March 21, 2007, Secure Netwerks had 266
      shareholders of record.





**THE
      BUSINESS OF SECURE NETWERKS**





**Overview**





Secure
      Netwerks is a computer and technology hardware reseller to businesses and other
      organizations.  Most of our clients are small and medium sized
      organizations, although we do attempt to market our products and services to
      larger organizations.  We also outsource technology-related services
      to provide a full solution basket of technology products and services including
      hardware, software, network development and services.  Our clients
      consist of some retail purchasers and small to medium-


5


sized
      organizations, operating mostly in North America, but do have occasional clients
      in Europe.  Our website is located at *www.securenetwerks
      .com*.





Every
      company is different, and we treat every company differently depending on their
      needs assessment.  Our assessment of client technology needs does not
      just involve building technology systems.  We focus on the business
      strategies of our clients. The highlights of Secure Netwerks's approach include
      a phase, often around eight weeks, entitled Technology Discovery Session (TDS),
      that identifies the data, technical, business and functional requirements,
      creates a conceptual design of the overall solution, develops a visual prototype
      of the application, and delivers a solution roadmap for
      implementation.





We
      first focus on collecting current hardware, software and procedures, business
      processes,


personnel
      requirements and any other additional information that is deemed necessary.
      We
      then document the collected information to the extent required to adequately
      define the desired result. Subsequently, we focus on developing the future
      hardware, software and procedures to support the technology drivers for the
      organization. As part of this approach, we identify gaps between the client’s
      technology and their desired technology.  We identify improvement /
      effectiveness measures that will assist the organization in achieving its
      current and future vision.





Many
      client organizations not only need the information technology products that
      we
      sell, but they need some of the services our partner
      provides.   Synerteck, Inc., is our partner that provides these
      services including installation, network design, website development, website
      hosting, and telephony networking.  We pay Synerteck $30 an hour per
      service person, and 50% of the profit received for the service provided to
      our
      clients.  We do not have a written agreement with Synerteck, Inc., but
      continue to work together on projects. We have maintained a relationship with
      Synerteck since we started our business in February, 2004.  We pay
      Synerteck 50% of the profit we receive from each client Synerteck refers to
      us.  Historically, Synerteck has referred approximately 25% of our
      clients to us.  Synerteck only gets paid when we get paid by our
      clients.





**Our
      Approach**





*Sales
      and Marketing*.  We focus our sales and marketing efforts
      primarily in the


intermountain
      west region including Utah, Montana, Wyoming, Idaho, Nevada, New Mexico, and
      Colorado.  Our direct sales and support personnel provide new account
      creation and management, enhanced communications and long-term
      relationship-building with our existing and potential
      customers.  Given the current need of businesses and other
      organizations in the western United States for information technology hardware
      and related services, we do not anticipate expanding our sales and marketing
      to
      other regions of the United States in the near future.





Each
      of
      our salesperson’s compensation is commission-based.  Sales leads are
      derived from


individual
      business contacts and customer referrals from strategic partners, as well as
      available industry research and reports.  We do not have any written
      or oral agreements with strategic partners to provide referrals.  Most
      of our referrals from strategic partners have come from our service partner,
      Synerteck Incorporated.  When Synerteck’s clients need computer
      hardware or software, they refer the business to Secure Netwerks.





We
      also
      secure leads via subscription to a lead referral program.  We receive
      a list of potential customers, and our sales force calls each lead to offer
      information technology products.  Our lead referral program we use is
      Amerilist located at 978 Route 45, Suite L2, Pomona, NY 10970.  We
      have received approximately 40% to 50% of our clients from this
      program.  We do not have any written agreements with
      Amerilist.  Amerilist invoices us for a list of potential customers
      and we must pay the invoice


6


amount
      before we receive the lead referral lists.  We are under no obligation
      to purchase any leads from Amerilist.





Our
      sales efforts are intended to focus
      on the business drivers of our clients’ technology initiatives and
      needs.  We utilize our experienced sales personnel as well as outside
      consultants as part of our team approach to sales.  These outside
      consultants include the staff of Synerteck Incorporated and various independent
      technology technicians.  We use outside consultants for approximately
      one-half of our clients.  We have no agreements with outside
      consultants because each project is negotiated separately and the outside
      consultants are engaged for each specific project.  Our sales
      personnel participate in training programs designed by our suppliers to provide
      new information about new and upgraded products.  These training
      programs also assist our sales personnel on the latest industry innovations
      and
      sales techniques.








**Products
      and Outsourced Services**





We
      bring
      value to our clients that purchase computer equipment by introducing them to
      our
      strategic partners, including technology service providers, equipment leasing
      providers and programmers in the information technology industry.  Our
      relationships with these strategic partners allow us to offer a comprehensive
      and cost-effective technology solution to almost any
      organization.  Through Secure Netwerks and its partners, our clients
      can access the following range of hardware sales and services:





·
            *Technology
                Hardware sales.*  We are a valued-added reseller of the
                following computer


**and
      computer-related products:





o
            Hardware:    Intel-based
                servers, personal computers and laptops supporting Windows, Macintosh,
                Unix, Linux, and Novell operating
                systems.





o
            Peripherals:
                Printers, monitors, personal digital assistants, handheld scanners,
                and
                other computer equipment related to the operation of computers, servers,
                laptops, photocopiers, scanners, projectors, audio-visual systems,
                routers, firewalls, OEM computer equipment, security and conference
                cameras and security systems





o
            Software:    Microsoft
                Windows and Apple Macintosh retail boxed products that relate to
                the
                operation of computer, servers, and laptops.  Those software
                products include the operating system sold separately as well as
                with the
                original hardware.








All
      of the products sold by Secure
      Netwerks are manufactured by others.  We have not experienced any
      difficulties in obtaining requested hardware or software from the manufacturers,
      and consequently do not anticipate any difficulties in obtaining such hardware
      or software for future sales contracts.   We are a value-added
      reseller because we bring value to each sale by analyzing the needs of each
      client and educating the client on the features and benefits of each of the
      products we sell.





·
            *Telecommunication
                Systems Services and Integration*.  We have seen an increase
                in the number of our clients needing communications devices that
                interact
                with networks and e-mail servers.  We provide a service that
                includes mobile phone and wireless device support.  In addition,
                we can also provide voice-over internet protocol access for our clients
                that want to enhance the use of their network services and minimize
                their
                long distance telephone charges.  Voice-over internet allows
                customers to take their phone numbers
                and


7


voicemail
                wherever they go, and place and transfer calls between branch offices
                with
                cost effective long distance charges. Calls can be routed through
                the
                Internet connection to each office.  We offer many types of
                telephones and telephone systems including wireless, standard desktop
                phones, and computer based software
                phones.





·
            *Outsourced
                Equipment Leasing.*  Power4Financial LLC, our strategic
                partner, provides outsourced leasing services for our clients that
                want to
                purchase hardware from us using lease financing.  We typically
                charge our clients between 1% and 2% of the total lease value for
                this
                service as an arrangement fee.  We do not have an agreement with
                Power4Financial, but plan to continue to use their equipment leasing
                services for our clients.  When we refer clients to
                Power4Financial, our primary income comes from the sale of the equipment
                that will be financed under the lease.  We are only paid for the
                equipment and the 1% to 2% arrangement fee after the lease is approved
                and
                the lease funds the purchase of the
                equipment.





·
            *Application
                Programming*.  Depending upon the budget, timetable, and
                business rules that govern a project, we partner with local and offshore
                programmers to build customized enterprise
                applications.  Customized enterprise applications are necessary
                because our clients have different business needs.  For example,
                a university has different needs from a newspaper
                company.  These programmers customize products for the specific
                needs of each business.  Our programming partners are proficient
                in MySQLTM,
                OracleTM,
                and
                SequelTM
                database applications, as well as PHPTM,
                JAVATM,
                and
                MicrosoftTM.NET web application programming
                languages.





·
            *Outsourced
                Technology Service.*  Synerteck Incorporated, a Utah based
                service provider, provides service solutions to our clients.  We
                have a close working relationship with Synerteck.  Synerteck has
                experience providing desktop support, network and hardware maintenance,
                as
                well as building complex local area and wide area network configurations
                for small and large businesses.





**Principal
      Suppliers**





We
      do not have any written agreements
      with our principal suppliers.  Purchases are made by credit card, cash
      or check on delivery, or on account with suppliers where credit has been
      established.  Below is a summary of our principal product suppliers
      and the terms for the purchase of goods:





Supplier                                                               Terms





Ingram
      Micro,
      Inc.                                                                  
Credit account, Balance due 30 days from order date


Wintec
      Industries,
      Inc.                                                           Credit
      account, Balance due 30 days from order date


Tech
      Data
      Corporation                                                           Credit
      card, Cash or check on delivery


Synnex
      Corporation                                                                Credit
      account, Balance due 30 days from order date


Tessco
      Technologies
      Incorporated                                     Credit
      account, Balance due 30 days from order date





We
      work
      hard to foster close relationships with these vendors and maintain a high level
      of accreditation for the benefit of our customers.  These Principal
      Suppliers sell their products to us at a wholesale price, and we sell to our
      clients at a retail price.  We are quoted specific prices either by
      telephone or by the use of the websites of these principal
      suppliers.  Prices vary as they are quoted to us, and are not
      set.  There are no price discount indicators.  We search
      each supplier for the best price. Our agreements with these principal suppliers
      give us terms and conditions for our payment obligations for the computer
      hardware and software we resell to our customers.  We must pay the
      principal amount we owe


8


each
      supplier within 30 days of the invoice from the supplier.  In the even
      that we do not pay the invoice within the 30 day time period, our suppliers
      charge between 8% and 12% per annum for late payments.








**Research
      and Development**





We
      attempt to stay abreast of changes in the information technology industry and
      also attempt to increase the level of product knowledge of our current
      staff.  During the calendar year 2005, our three full-time employees,
      two part-time employees, and other project-based contract personnel received
      approximately 100 hours of training.  Other research and development
      activities include the use of instructional collateral materials.  We
      estimate that we have spent approximately 200 hours in each of our two prior
      fiscal years on research and development activities.  None of the
      expenses associated with these activities has been borne directly by our
      customers.





**GOVERNMENT
      REGULATION**





The
      business of Secure Netwerks is not currently subject to substantial federal,
      state, or local government regulation.  We are not subject to any
      significant environmental laws or regulations, and do not anticipate excessive
      levels of U.S. federal or state government regulation of our
      business.  Secure Netwerks is subject to standard taxation rates for
      sales, income, and other activities in the United States and does not pay taxes
      overseas.





**COMPETITION**





There
      are thousands of resellers of
      technology hardware and software with similar products and service offerings
      as
      Secure Netwerks.   Because our business is small and our
      resources are relatively limited, we do not focus our business development
      activities on larger organizations due to the longer sales cycle
      involved.   Although we do not focus on larger organizations, we
      sell to any size of organization.   We believe that many larger
      organizations already have deeply discounted hardware suppliers.





There
      are
      several different kinds of computer retailers within the industry
      including:





·
            **Computer
                dealers**: We believe computer dealers often focus on a few main
                brands of hardware, usually offering only a minimum supply of software,
                and variable amounts of service and support.  We have found that
                their prices are usually higher than the larger stores and we are
                unable
                to substantiate whether or not their service and support is effective,
                although we believe that we are very competitive with our service
                and
                support;





·
            **Online
                retailers**:  Online retailers market computer-related
                products for very low prices.  Some of our competitors in this
                category include Ebay, Buy.com and Amazon.com.  We believe that
                although the prices are low for products purchased from online retailers,
                service and support is limited.





·
            **Larger
                hardware resellers**:  Larger hardware resellers that
                market to organizational customers are able to offer very low prices
                in
                bulk.  We believe that larger hardware resellers focus their
                sales efforts on large companies and not on our market focus of small
                and
                medium-sized businesses.


9





·
            **Retail
                stores and computer superstores**: Retail stores and computer
                superstores typically offer good walk-in service, with aggressive
                pricing,
                and minimal support; and





·
            **Mail
                order**: Mail order companies offer aggressive pricing. It is our
                opinion that, for the purely price-driven buyer, who buys products
                and
                expects no service, mail order and retail providers of basic computer
                hardware provide good options for the
                customer.





We
      believe that we are different from our competitors because we are focused on
      providing


solutions
      for small and medium-sized businesses that need diverse products, service and
      support.  We advise our clients on what products they need to attain
      their goals for their businesses.  Many of our competitors also focus
      on small and medium-sized businesses.  We believe that we are
      competitive with other computer resellers because of our service and support
      we
      provide.





Many
      of
      our current and potential competitors have longer operating histories and other
      resources substantially more valuable than ours.  As a result, our
      competitors may be able to adapt more quickly to changing customer
      needs.  Our competitors may attempt to increase their presence in the
      market by forming strategic alliances with other competitors, offering better
      service to our customers or by giving better prices then we are able to
      provide.  In order to compete with increasing competition, we may
      experience a decrease in our profit margin from sales.  We believe
      that new competitors will be able to enter without much difficulty due to the
      low barriers to entry into this type of business.  There can be no
      assurance that we will be able to compete with our competitors in the
      future.





**ITEM
      2.  DESCRIPTION OF
      PROPERTY**





Secure
      Netwerks’ headquarters are located within a 5,600 square foot facility in South
      Jordan, Utah.  Acadia Properties, LLC, a Utah limited liability
      company controlled by Kenneth Denos, a member of the board of directors of
      Secure Netwerks, holds a leasehold interest in the premises, with a written
      lease agreement commencing March, 2006 at a rate of $10,500 per
      month.  We utilize approximately one-eighth of these premises for our
      operations.  We have recently executed a month-to-month sublease with
      Acadia Properties, LLC for use of this facility and its common areas for Secure
      Netwerks’ operations in exchange for $1,200 per month.





**ITEM
      3.  LEGAL
      PROCEEDINGS**





None.





**ITEM
      4:  SUBMISSION ON MATTERS TO A
      VOTE OF SECURITY HOLDERS**





None.





**PART
                II**





**ITEM
        5:  MARKET FOR COMMON EQUITY AND
        RELATED STOCKHOLDER MATTERS**.





(a)
            Market
                for Common Equity and Related Stockholder
                Matters.





(1)
            Market
                Information.


10








Our
      shares are not presently traded on
      any exchange or quotation medium and have never been traded
      publicly.  We are in the process of applying for our shares to be
      traded on the OTC Electronic Bulletin Board.





We
      do not have any warrants or options
      issued or outstanding.





(2)
            Holders.





As
      of March 21, 2007, the Company had
      approximately 266 holders of record of its Common Stock.





(3)
            Dividends.





The
      Company has not paid any cash
      dividends on its Common Stock since inception and does not anticipate paying
      cash dividends in the foreseeable future.  The Company anticipates
      that any future earnings will be retained for use in developing and/or expanding
      the business.





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





You
      should read the following
      discussion of the company’s financial condition and results of operations in
      conjunction with the audited financial statements and related notes included
      in
      this registration statement.   This discussion may contain
      forward-looking statements, including, without limitation, statements regarding
      our expectations, beliefs, intentions, or future strategies that are signified
      by the words “expects,” “anticipates,” “intends,” “believes,” or similar
      language.  Actual results could differ materially from those projected
      in the forward looking statements.  You should carefully consider the
      information set forth above under Item 1 of this Part I under the caption “Risk
      Factors” in addition to the other information set forth in this registration
      statement.  We caution you that Secure Netwerks’ business and
      financial performance is subject to substantial risks and
      uncertainties.





**Overview**





Secure
      Netwerks is a reseller of
      technology-related hardware and software, including laptops, desktops,
      networking devices, telecommunication systems and networks, servers and
      software.  We also provide our clients with some outsourced services
      necessary to install, educate, run and operate the hardware that we sell our
      clients.   Our clients consist of small to large
      organizations.  Currently, we sell hardware and outsourced services to
      an average of 7 clients each month and 39% of our clients have purchased product
      more than one time over the course of the past calendar year.  You can
      learn more about our business at our website located at
      www.securenetwerks.com.





**Results
      of Operations**





Following
      is our discussion of the relevant items affecting results of operations for
      the
      years ended December 31, 2006 and 2005.





**Revenues.**  Our
      products and services are broken down into two categories for revenue
      recognition purposes – (i) off-the-shelf hardware/software product sales, and
      (ii) outsourced information technology services.  Our revenue
      recognition policy for these categories is as follows:


11





Revenue
      is recognized upon completion of services or delivery of goods where the sales
      price is fixed or determinable and collectibility is reasonably
      assured.    Advance customer payments are recorded as
      deferred revenue until such time as they are recognized.





Product
      sales are derived from the resale of off-the-shelf hardware and software
      packages.  Product sales are not warranted by Secure Netwerks and may
      be subject only to warranties that may be provided by the product
      manufacturer.  Therefore, product warranties have no effect on the
      financial statements.  We have no sales arrangements encompassing
      multiple deliverables.





Secure
      Netwerks generated net revenues of $301,982 for the year ended December 31,
      2006, representing a 36% decrease compared to $475,444 in net revenues during
      the year ended December 31, 2005.  During 2006 and 2005, we received
      $266,229 and $427,827, respectively, in gross revenues from software and
      hardware product resales and equipment leasing, and $35,753 and $47,617,
      respectively, in gross revenues from information technology and other
      miscellaneous services.  The
      decrease in revenues for the year ended December 31, 2006 is mainly the result
      of four large sales of computer hardware which were associated with equipment
      leases during the first nine months of 2005.  These transactions
      contributed approximately $219,000 in revenues during 2005.  During
      2006, the company recorded $76,145 in similar transactions associated with
      equipment leases. Although Secure Netwerks continues to pursue equipment leases,
      these transactions are sporadic and nothing as large as those in 2005
      materialized during 2006.  We do not anticipate that gross revenues
      from our base product and services will decrease.Our business
      model and objective is to receive recurring revenue from established
      clients.  In addition, we procure and resell hardware and software
      packages to our clients as well as single transaction
      customers.  Sales of software and hardware products are inherently
      unpredictable, but we anticipate that revenues from this activity will become
      more consistent as we grow our client base.  Over the past twelve
      months, we have provided hardware sales, outsourced networking, programming,
      website design and hosting services for 33 clients on a continuous basis and
      approximately 51 clients for one-time projects.





**Cost
      of
      Sales**.  Expenses which comprise cost of sales are the
      wholesale cost of hardware, software, any accompanying licenses, product sales
      commissions, and commissions paid in connection with information technology
      consulting contracts.  Also included in cost of sales are personnel
      and materials costs to administer these information technology
      services.  As more organizations utilize our technology services,
      future expenses included in cost of goods sold will increase as well as
      potential fee sharing expenses to organizations that assist us in providing
      these services.





Cost
      of
      sales for the year ended December 31, 2006 was $270,391, a 28% decrease from
      $375,585 during the year ended December 31, 2005.  The decrease is
      mainly the result of declining sales and the related decreased need to purchase
      products.  The cost of sales will fluctuate in the future depending on
      the sales mix.  During the year ended December 31, 2006, the Company
      sold more hardware and software and provided less in service.  The
      result was a higher cost of sales percentage due to the sales mix.  As
      the company provides more services, cost of sales will decrease as the margins
      on services is much better than margins on hardware sales.





**Salaries
      and Consulting Expenses.**Salaries and consulting expenses
      consist of salaries and benefits, company paid payroll taxes and outside
      consulting expenses.  Salaries and consulting expenses for the year
      ended December 31, 2006 were $29,500, a 16% decrease from $35,156 during the
      year ended December 31, 2005.  The decrease is mainly the result of
      the change in the way sales personnel are paid.  During 2006, the
      Company has pushed sales commission incentives rather than base
      salaries.  This has contributed to the increase in cost of sales as
      well as the decrease in salaries expenses.  Salaries and consulting
      expenses could increase if the Company hires additional
      personnel.


12





**Professional
      Fees.**Professional fees for the year ended December 31, 2006
      were $19,276, representing a 220% increase compared to $6,027 during the year
      ended December 31, 2005.  The increase was the result of legal and
      accounting fees associated with the spin-off of from the parent company,
      SportsNuts, Inc.  Additional legal and accounting fees will be
      incurred during this transaction period.





**Selling,
      General and
      Administrative Expenses**.  Selling, general and administrative
      expenses have been comprised of advertising; bad debts; occupancy and office
      expenses; equipment leases; travel and other miscellaneous administrative
      expenses.  Selling, general and administrative expenses for the year
      ended December 31, 2006 were $44,600, a 24% decrease from $58,774 during the
      year ended December 31, 2005.  We did not anticipate a major change in
      these expenses, however, we endeavor to decrease certain costs associated with
      rent and occupancy-related expense.  For the years ended December 31,
      2006 and 2005, bad debts expense was $2,232 and $17,555,
      respectively.  The Company is now reviewing new customers more closely
      for credit worthiness in order to decrease the write off of bad accounts in
      the
      future.  During the year ended December 31, 2006, the Company
      increased its advertising and marketing efforts through the purchase of customer
      lists as well as attending local trade shows.





**Other
      Income
      (Expense).**  We incurred net other expense of $18,193 for the
      year ended December 31, 2006 compared to net other expense of $13,044 during
      the
      year ended December 31, 2005.  Other expenses incurred were comprised
      primarily of interest expenses related to the promissory notes issued by the
      Company.  Other income in this category is comprised of finance charge
      income billed to late paying customers.  We do not anticipate any
      major changes in other income and expenses.





**Off-Balance
      Sheet Arrangements**





The
      Company has no off-balance sheet
      arrangements.





**Personnel**





Secure
      Netwerks has two full-time
      employees, two part-time employees, and other project-based contract personnel
      that we utilize to carry out our business.  We utilize contract
      personnel on a continuous basis, primarily in connection with service contracts
      which require a high level of specialization for one or more of the service
      components offered.  We expect to hire more full-time employees in the
      future.  Although competition for technology sales personnel in the
      metropolitan Salt Lake City area is intense, because we offer competitive
      compensation and maintain a productive and collegial work environmental, we
      don’t believe we will have significant difficulty retaining additional employees
      or contract personnel in the future.





**Liquidity
      and Capital Resources**





Since
      inception, the Company has
      financed its operations through a series of loans, credit accounts with hardware
      vendors, and the use of Company credit to procure goods and
      services.  As of December 31, 2006, Secure Netwerks’ primary source of
      liquidity consisted of $9,640 in cash and cash equivalents.  We may
      seek to secure additional debt or equity capital to finance substantial business
      development initiatives or acquire another hardware reseller.  At
      present, however, we have no plans to seek any such additional capital or to
      engage in any business development or acquisition activity.


13


**ITEM
      7:  FINANCIAL STATEMENTS REQUIRED
      BY FORM 10-KSB**











**CONTENTS**




Report
      of
      Independent Registered Public Accounting Firm 15





Balance
      Sheet 16





Statements
      of Operations  17





Statements
      of Stockholders’ Deficit  18





Statements
      of Cash Flows  19





Notes
      to
      the Financial Statements  20








14


REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM











Board
      of
      Directors


Secure
      Netwerks, Inc.


South
      Jordan, Utah





We
      have
      audited the accompanying balance sheet of Secure Netwerks, Inc. as of December
      31, 2006 and the related statements of operations, stockholders' deficit and
      cash flows for the years ended December 31, 2006 and 2005.  These
      financial statements are the responsibility of the Company's
      management.  Our responsibility is to express an opinion on these
      financial statements based on our audits.





We
      conducted our audits in accordance with the standards of the Public Company
      Accounting Oversight Board (United States).  Those standards require
      that we plan and perform the audits to obtain reasonable assurance about whether
      the financial statements are free of material misstatement.  The
      Company has determined that it is not required to have, nor were we engaged
      to
      perform, an audit of its internal control over financial
      reporting.  Our audit included consideration of internal control over
      financial reporting as a basis for designing audit procedures that are
      appropriate in the circumstances, but not for the purpose of expressing an
      opinion on the effectiveness of the Company’s internal control over financial
      reporting.  Accordingly, we express no such opinion.  An
      audit also includes examining, on a test basis, evidence supporting the amounts
      and disclosures in the financial statements, assessing the accounting principles
      used and significant estimates made by management, as well as evaluating the
      overall financial statement presentation.  We believe that our audits
      provide a reasonable basis for our opinion.





In
      our
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of Secure Netwerks, Inc. as of
      December 31, 2006 and the results of its operations and its cash flows
      for the years ended December 31, 2006 and 2005 in conformity with accounting
      principles generally accepted in the United States of America.





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern.  As discussed in Note 8 to the
      financial statements, the Company has negative working capital, negative cash
      flows from operations and recurring operating losses which raises substantial
      doubt about its ability to continue as a going concern.  Management's
      plans in regard to these matters are also described in Note 8.  The
      financial statements do not include any adjustments that might result from
      the
      outcome of this uncertainty.














Bouwhuis,
      Morrill & Company, LLC


Layton,
      Utah


March
      23,
      2007





15


**SECURE
                                NETWERKS, INC.**Balance
                                SheetASSETSDecember
                                31,2006CURRENT
                                ASSETSCash
                                and cash equivalents
                            
                            $
                            9,640Accounts
                                receivable, net
                            
                            
                            37,187Inventory
                            
                            
                            2,740Loans
                                receivable
                            
                            
                            2,049Total
                                Current Assets
                            
                            
                            51,616PROPERTY
                                AND EQUIPMENT - NET
                            
                            
                            156TOTAL
                                ASSETS
                            
                            $
                            51,772LIABILITIES
                                AND STOCKHOLDERS' DEFICITCURRENT
                                LIABILITIESAccounts
                                payable
                            
                            $
                            22,613Accrued
                                expenses
                            
                            
                            101,985Due
                                to related parties
                            
                            
                            2,035Notes
                                payable, current portion
                            
                            
                            55,850Notes
                                payable - related parties, current portion
                            
                            
                            62,516Total
                                Current Liabilities
                            
                            
                            244,998STOCKHOLDERS'
                                DEFICITCommon
                                stock, $0.001 par value; 100,000,000 shares authorized,500,000
                                shares issued and outstanding
                            
                            
                            500Additional
                                paid-in capital (deficit)
                            
                            
                            (500
                            )Accumulated
                                deficit
                            
                            
                            (193,227
                            )Total
                                Stockholders' Deficit
                            
                            
                            (193,227
                            )TOTAL
                                LIABILITIES AND STOCKHOLDERS' DEFICIT
                            
                            $
                            51,772
  The
      accompanying notes are an integral part of these financial
      statements


16





**SECURE
                                  NETWERKS, INC.**Statements
                                  of OperationsFor
                                  the Years EndedDecember
                                  31,2006
                              
                              
                              2005NET
                                  REVENUESProduct
                                  revenue
                              
                              $
                              266,229
                              
                              
                              $
                              427,827Service
                                  revenue
                              
                              
                              35,753
                              
                              
                              
                              47,617Total
                                  Net Revenues
                              
                              
                              301,982
                              
                              
                              
                              475,444OPERATING
                                  EXPENSESCost
                                  of sales - product
                              
                              
                              247,083
                              
                              
                              
                              351,875Cost
                                  of sales - service
                              
                              
                              23,308
                              
                              
                              
                              23,710Salaries
                                  and consulting
                              
                              
                              29,500
                              
                              
                              
                              35,156Professional
                                  fees
                              
                              
                              19,276
                              
                              
                              
                              6,027Selling,
                                  general and administrative
                              
                              
                              44,600
                              
                              
                              
                              58,774Total
                                  Operating Income (Expenses)
                              
                              
                              363,767
                              
                              
                              
                              475,542LOSS
                                  FROM OPERATIONS
                              
                              
                              (61,784
                              )
                              
                              
                              (98
                              )OTHER
                                  INCOME (EXPENSES)Interest
                                  expense
                              
                              
                              (23,283
                              )
                              
                              
                              (18,228
                              )Interest
                                  income
                              
                              
                              5,090
                              
                              
                              
                              5,184Total
                                  Other Income (Expenses)
                              
                              
                              (18,193
                              )
                              
                              
                              (13,044
                              )LOSS
                                  BEFORE INCOME TAXES
                              
                              
                              (79,977
                              )
                              
                              
                              (13,142
                              )INCOME
                                  TAX EXPENSE
                              
                              
                              -
                              
                              
                              
                              -NET
                                  LOSS
                              
                              $
                              (79,977
                              )
                              
                              $
                              (13,142
                              )BASIC
                                  AND DILUTED:Net
                                  loss per common share
                              
                              $
                              (0.16
                              )
                              
                              $
                              (0.03
                              )Weighted
                                  average shares outstanding
                              
                              
                              500,000
                              
                              
                              
                              500,000
  The
      accompanying notes are an integral part of these financial
      statements


17


**SECURE
                                NETWERKS, INC.**Statements
                                of Stockholders' DeficitAdditional
                            
                            
                            
                            
                            
                            TotalCommon
                                Stock
                            
                            
                            Paid-in
                            
                            
                            Accumulated
                            
                            
                            Stockholders'Shares
                            
                            
                            Amount
                            
                            
                            Capital
                                (Deficit)
                            
                            
                            Deficit
                            
                            
                            DeficitBalance,
                                December 31, 2004
                            
                            
                            500,000
                            
                            
                            $
                            500
                            
                            
                            $
                            (500
                            )
                            
                            $
                            (100,108
                            )
                            
                            $
                            (100,108
                            )Net
                                loss for the year endedDecember
                                31, 2005
                            
                            
                            -
                            
                            
                            
                            -
                            
                            
                            
                            -
                            
                            
                            
                            (13,142
                            )
                            
                            
                            (13,142
                            )Balance,
                                December 31, 2005
                            
                            
                            500,000
                            
                            
                            
                            500
                            
                            
                            
                            (500
                            )
                            
                            
                            (113,250
                            )
                            
                            
                            (113,250
                            )Net
                                loss for the year endedDecember
                                31, 2006
                            
                            
                            -
                            
                            
                            
                            -
                            
                            
                            
                            -
                            
                            
                            
                            (79,977
                            )
                            
                            
                            (79,977
                            )Balance,
                                December 31, 2006
                            
                            
                            500,000
                            
                            
                            $
                            500
                            
                            
                            $
                            (500
                            )
                            
                            $
                            (193,227
                            )
                            
                            
                            (193,227
                            )

























































































The
      accompanying notes are an integral part of these financial
      statements


18


**SECURE
                          NETWERKS, INC.**Statements
                          of Cash FlowsFor
                          the Years EndedDecember
                          31,2006
                      
                      
                      2005CASH
                          FLOWS FROM OPERATING ACTIVITIES:Net
                          loss
                      
                      $
                      (79,977
                      )
                      
                      $
                      (13,142
                      )Adjustments
                          to reconcile net loss to netcash
                          provided (used) by operating activities:Bad
                          debt expense
                      
                      
                      2,232
                      
                      
                      
                      17,555Depreciation
                      
                      
                      936
                      
                      
                      
                      935Changes
                          in operating assets and liabilities:Accounts
                          receivable
                      
                      
                      9,784
                      
                      
                      
                      74,385Inventory
                      
                      
                      1,660
                      
                      
                      
                      (3,750
                      )Other
                          current assets
                      
                      
                      (1,831
                      )
                      
                      
                      554Accounts
                          payable and accrued expenses
                      
                      
                      18,277
                      
                      
                      
                      (24,948
                      )Due
                          to related parties
                      
                      
                      (7,400
                      )
                      
                      
                      1,832Net
                          Cash Provided (Used) by Operating Activities
                      
                      
                      (56,320
                      )
                      
                      
                      53,421CASH
                          FLOWS FROM INVESTING ACTIVITIES:
                      
                      
                      -
                      
                      
                      
                      -CASH
                          FLOWS FROM FINANCING ACTIVITIES:Proceeds
                          from notes payable - related parties
                      
                      
                      4,492
                      
                      
                      
                      7,800Payment
                          on notes payable - related parties
                      
                      
                      (2,000
                      )
                      
                      
                      (1,000
                      )Net
                          Cash Provided by Financing Activities
                      
                      
                      2,492
                      
                      
                      
                      6,800NET
                          INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
                      
                      $
                      (53,828
                      )
                      
                      $
                      60,221CASH
                          AND CASH EQUIVALENTS, BEGINNING OF PERIOD
                      
                      
                      63,468
                      
                      
                      
                      3,247CASH
                          AND CASH EQUIVALENTS, END OF PERIOD
                      
                      $
                      9,640
                      
                      
                      $
                      63,468SUPPLEMENTAL
                          CASH FLOW INFORMATIONCash
                          Payments For:Interest
                      
                      $
                      2,812
                      
                      
                      $
                      1,191Income
                          taxes
                      
                      $
                      -
                      
                      
                      $
                      -Non-Cash
                          Investing and Financing ActivitiesAccrued
                          expenses converted to notes payable
                      
                      $
                      -
                      
                      
                      $
                      80,000














The
      accompanying notes are an integral part of these financial
      statements


19
 **SECURE
            NETWERKS,
            INC.**
 **Notes
          to the Financial
          Statements** **December
            31, 2006 and
            2005**


NOTE
      1
      -   ORGANIZATION AND DESCRIPTION OF BUSINESS





Secure
      Netwerks, Inc. (the Company) was formed in the state of Utah on February 4,
      2004, with authorized common stock of 10,000,000 shares.  The Company
      was subsequently reincorporated in the State of Delaware on February 14, 2006
      with authorized common stock of 100,000,000 shares and authorized preferred
      stock of 10,000,000 shares.  Both classes of stock have a par value of
      $0.001 per share.





A
      wholly
      owned subsidiary of SportsNuts, Inc., the Company was created to be a computer
      and technology hardware and software reseller.  In addition to
      supplying the computer hardware needs of SportsNuts, Secure Networks has since
      provided its hardware sales and services to organizations in a variety of
      industries.





NOTE
                2 -
            SIGNIFICANT
                ACCOUNTING POLICIES





This
      summary of significant accounting policies of the Company is presented to assist
      in understanding the Company’s financial statements.  The financial
      statements and notes are representations of the Company’s management who are
      responsible for their integrity and objectivity.  These accounting
      policies conform to accounting principles generally accepted in the United
      States of America and have been consistently applied in the preparation of
      the
      financial statements.  The following policies are considered to be
      significant:





a.      Accounting
      Method





The
      Company recognizes income and expenses based on the accrual method of
      accounting. The Company has elected a calendar year-end.





b.      Cash
      and Cash Equivalents





Cash
      equivalents are generally comprised of certain highly liquid investments with
      original maturities of less than three months.





c.      Use
      of Estimates in the Preparation of Financial Statements





The
      preparation of financial statements in conformity with U.S. generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements and
      the reported amounts of revenues and expenses during the reporting
      period.  Actual results could differ from those
      estimates.





d.      Basic
      Net
      Loss per Share of Common Stock





In
      accordance with Financial Accounting Standards No. 128, “Earnings per Share,”
basic net loss per common share is based on the weighted average number of
      shares outstanding during the periods presented.  Diluted earnings per
      share is computed using the weighted average number of common shares plus
      dilutive common share equivalents outstanding during the
      period.  There are no common stock equivalents as of December 31, 2006
      and 2005.





20
 **SECURE
            NETWERKS,
            INC.**
 **Notes
          to the Financial
          Statements** **December
            31, 2006 and
            2005**


NOTE
      2
      -    SIGNIFICANT ACCOUNTING POLICIES
      (Continued)





d.      Basic
      Net
      Loss per Share of Common Stock (Continued)


December
      31,


2006
            
            2005





Net
                loss (numerator)
            $ (79,977)
            
            $ (13,142)


Weighted
                average shares outstanding (denominator)
            500,000
            
            500,000


Basic
                      net loss per share amount
                  $   
                      (0.16)
                  
                  $   
                      (0.03)





e.
            Allowance
                for Doubtful Accounts





Accounts
      receivable are recorded net of the allowance for doubtful
      accounts.  The Company generally offers 15-day credit terms on sales
      to its customers and requires no collateral.  The Company maintains an
      allowance for doubtful accounts which is determined based on a number of
      factors, including each customer’s financial condition, general economic trends
      and management judgement.  As of December 31, 2006, the allowance for
      doubtful accounts was $3,938.  Bad debt expense was $2,232 and
      $17,555, for the years ended December 31, 2006 and 2005,
      respectively.




f.
            Inventories









g.
            Property
                and Equipment





Property
      and equipment are stated at cost less accumulated
      depreciation.  Depreciation is calculated using the straight-line
      method over the estimated useful lives of the assets.  When assets are
      disposed of, the cost and accumulated depreciation (net book value of the
      assets) are eliminated and any resultant gain or loss reflected
      accordingly.  Betterments and improvements are capitalized over their
      estimated useful lives whereas repairs and maintenance expenditures on the
      assets are charged to expense as incurred.


Life                                        2006





Computer
      Equipment                                                   3
      Years                                    $  
2,807


Less
      - Accumulated
      Depreciation                                                                        
            (2,651)





Net
      Property and
      Equipment                                                                                   $       
156





Depreciation
      expense for the years ended December 31, 2006 and 2005 was $936 and $935,
      respectively.





h.
            Revenue
                Recognition





Products
      and services provided by the Company are broken down into two main categories
      for revenue recognition purposes, they are: off-the-shelf hardware/software
      sales and technology related services.  The revenue recognition policy
      for these categories is as follows:







21






**SECURE
        NETWERKS, INC.**
 **Notes
        to the Financial Statements**
 **December
        31, 2006 and 2005**
   NOTE
      2
      -      SIGNIFICANT ACCOUNTING POLICIES
      (Continued)




h.      Revenue
        Recognition (Continued)


Revenue
      is recognized upon completion of services or delivery of goods where the sales
      price is fixed or determinable and collectibility is reasonably
      assured.  Advance customer payments are recorded as deferred revenue
      until such time as they are recognized.  The Company does not offer
      any cash rebates.  Returns or discounts, if any, are netted against
      gross revenues.  For the years ended December 31, 2006 and 2005, sales
      are recorded net of the allowance for returns and discounts of
      $-0-.  Product sales were solely derived from the resale of
      off-the-shelf hardware and software packages.  Product sales are not
      warranted by the Company and may be subject only to warranties that may be
      provided by the product manufacturer.





i.
            Recent
                Accounting Pronouncements





In
      February, 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS
      No. 155, *Accounting for Certain Hybrid Financial
      Instruments*.  SFAS No. 155 eliminates the temporary exemption of
      bifurcation requirements to securitized financial assets, contained in SFAS
      No.
      133, *Accounting for Derivative Instruments and Hedging
      Activities*.  As a result, similar financial instruments are
      accounted for similarly regardless of the form of the instruments.  In
      addition, in instances where a derivative would otherwise have to bifurcated,
      SFAS No. 155 allows a preparer on an instrument-by-instrument basis to elect
      fair value measurement at acquisition, at issuance, or when a previously
      recognized financial instrument is subject to remeasurement.  The
      adoption of SFAS No. 155 has not materially affected the Company’s reported
      loss, financial condition or cash flows.





In
      March,
      2006, the FASB issued SFAS No. 156, *Accounting for Servicing of Financial
      Assets*, an amendment of FASB Statement No. 140, *Accounting for
      Transfers and Servicing of Financial Assets and Extinguishments of
      Liabilities*.  The pronouncement establishes standards whereby
      servicing assets and servicing liabilities are initially measured at fair value,
      where applicable.  In addition, SFAS No. 156 allows subsequent
      measurement of servicing assets and liabilities at fair value, and where
      applicable, derivative instruments used to mitigate risks inherent with
      servicing assets and liabilities are likewise measured at fair
      value.  The adoption of SFAS No. 156 has not materially affected the
      Company’s reported loss, financial condition, or cash flows.





In
      March,
      2006, the FASB issued Interpretation No. 48, (“FIN 48”) *Accounting for
      Uncertainty in Income Taxes*, an interpretation of SFAS No. 109,
*Accounting for Income Taxes*.  FIN 48 prescribes criteria for
      the recognition and measurement of a tax position taken or expected to be taken
      in a tax return.  Accordingly, tax positions are analyzed to determine
      whether it is more likely than not they will be sustained when examined by
      the
      appropriate tax authority.  Positions that meet the
      more-likely-than-not criteria are measured to determine the amount of benefit
      to
      be recognized, whereas those positions that do not meet the more-likely-than-not
      criteria are derecognized in the financial statements.  The adoption
      of FIN 48 has not materially affected the Company’s reported loss, financial
      condition, or cash flows.







22






**SECURE
      NETWERKS, INC.**


**Notes
      to the Financial Statements**


**December
      31, 2006 and 2005**




NOTE
      2
      -      SIGNIFICANT ACCOUNTING POLICIES
      (Continued)




In
      September, 2006, the FASB issued SFAS No. 157, *Fair Value
      Measurements*.  The statement defines fair value, determines
      appropriate measurement methods, and expands disclosure requirements about
      those
      measurements.  The adoption of SFAS No. 157 has not materially
      affected the Company’s reported loss, financial condition, or cash
      flows.




In
        September, 2006, the FASB issued SFAS No. 158, *Employers’ Accounting for
        Defined Bennefit Pension and Other Postretirement Plans.*  This
        statement requires an employer to recognize the overfunded or underfunded
        status
        of a defined benefit postretirement plan as an asset or liability in its
        statement of financial position and to recognize changes in that funded status
        in the year of change through comprehensive income.  In addition, SFAS
        No. 158 requires an employer to measure the funded status of a plan as of
        the
        date of its year-end statement of financial position.  The adoption of
        SFAS No. 158 has not materially affected the Company’s reported loss, financial
        condition, or cash flows.
  j.      Income
      Taxes





The
      Company accounts for income taxes in accordance with Statement of Financial
      Accounting Standards Board (SFAS) No. 109, “Accounting for Income
      Taxes.”  Under this method, deferred income taxes are determined based
      on the difference between the financial statement and tax bases of assets and
      liabilities using enacted tax rates in effect for the year in which differences
      are expected to reverse.  In accordance with the provisions of SFAS
      No. 109, a valuation allowance would be established to reduce deferred tax
      assets if it were more likely than not that all or some portion, of such
      deferred tax assets would not be realized.  A full allowance against
      deferred tax assets was provided as of December 31, 2006.





At
      December 31, 2006, the Company had net operating loss carryforwards of
      approximately $193,227 which may be offset against future taxable income through
      2026.  No tax benefit has been reported in the financial statements
      because the potential tax benefits of the net operating loss carryforwards
      are
      offset by a valuation allowance of the same amount.





Due
      to
      the change in ownership provisions of the Tax Reform Act of 1986, net operating
      loss carryforwards for Federal income tax reporting purposes are subject to
      annual limitations.  Should a change in ownership occur, net operating
      loss carryforwards may be limited as to future use.





NOTE
                3 -
            RELATED
                PARTY TRANSACTIONS





The
                Company is a wholly owned subsidiary of SportsNuts, Inc.  During
                the ordinary course of business there may have been amounts due to
                or from
                any of the companies in the consolidated entity.  These amounts
                are classified as either net receivables or net payables – related
                parties.  As of December 31, 2006, the Company had a net payable
                of $2,035.  The Company records all expenses related to their
                operations in their financial statements, therefore, there are no
                adjustments which would be required to present the Company’s financial
                statements as if it had operated as an unaffiliated entity for the
                entire
                year.




23


**SECURE
          NETWERKS, INC.**
 **Notes
          to the Financial Statements**
 **December
          31, 2006 and 2005**


NOTE
      4
      -  NOTES
      PAYABLE




Notes
      payable consisted of the
      following:                                                                           December
      31,


2006


Note
      payable to a company, interest at 24% per


annum,
      due on demand,
      unsecured                                                                                            $ 7,100





Notes
      payable to individuals, interest at 10% per


annum,
      due on demand,
      unsecured                                                                                              48,750





Total
      Notes Payable 55,850


Less:
      Current
      Portion                                                                                                                     
(55,850 )





Long-Term
      Notes
      Payable                                                                                                    $                 -





NOTE
      5
      -       NOTES PAYABLE – RELATED
      PARTIES





Notes
      payable – related parties consisted of the following: December 31,


2006





Note
      payable to a related individual, interest at 24%


per
      annum, due on demand, unsecured        $31,266





Note
      payable to a related individual, interest at 10%


per
      annum, due on demand, unsecured        6,250





Note
      payable to a related individual, interest at 10%


per
      annum, due on demand, unsecured          
      25,000





Total
      Notes Payable – Related Parties        62,516


Less:
      Current
      Portion                                                                                                    (62,516)





Long-Term
      Notes Payable – Related
      Parties                                                                      $                  -





NOTE
      6
      -       EQUITY TRANSACTIONS





500,000
      common shares of Secure Networks, Inc. (Utah) were issued to the incorporator
      upon incorporation which included the assumption of $25,196 in liabilities
      resulting in an additional paid-in capital deficit of $25,696 upon
      issuance.





500,000
      common shares of Secure Netwerks, Inc. (Delaware) were issued on the basis
      of
      1-for-1 for all of the outstanding shares of Secure Networks, Inc. (Utah) as
      part of the Company’s reincorporation into the State of Delaware.  All
      references to shares issued and outstanding in the financial statements have
      been retroactively restated to reflect the effects of this change in capital
      structure.





On
      February 14, 2006, the Board of Directors approved the Company’s amended and
      restated Articles of Incorporation (Amendment).  The Amendment
      increases the authorized shares of common stock from 10,000,000 to 100,000,000
      shares.  The Amendment also provides for a new class of preferred
      stock with 10,000,000 shares authorized.  The rights and preferences
      of the preferred stock have yet to be determined.  Both common and
      preferred stock have a par value of $0.001.






24
  **SECURE
        NETWERKS, INC.**
 **Notes
        to the Financial Statements**
 **December
        31, 2006 and 2005**


NOTE
      7
      -       FINANCIAL INSTRUMENTS





Statement
      of Financial Accounting Standards No. 107 (SFAS 107), “Disclosures about Fair
      Value of Financial Instruments” requires disclosure of the fair value of
      financial instruments held by the Company.  SFAS 107 defines the fair
      value of a financial instrument as the amount at which the instrument could
      be
      exchanged in a current transaction between willing parties.  The
      following methods and assumptions were used to estimate fair value:





The
      carrying amount of cash equivalents, accounts receivable, accounts payable
      and
      notes payable approximate fair value due to their short-term
      nature.





NOTE
                8 -
            GOING
                CONCERN





The
                accompanying financial statements have been prepared assuming that
                the
                Company will continue as a going concern, which contemplates the
                realization of assets and satisfaction of liabilities in the normal
                course
                of business. The Company has a working capital deficit, negative
                cash
                flows from operations and has sustained net losses from inception
                which
                have resulted in an accumulated deficit at December 31, 2006 of
                approximately $193,000 and has experienced periodic cash flow
                difficulties, all of which raise substantial doubt regarding the
                Company’s
                ability to continue as a going
                concern.





To
      date
      the Company has funded its operations through a combination of loans. The
      Company anticipates another net loss for the year ended December 31, 2007 and
      with the expected cash requirements for the coming year, there is substantial
      doubt as to the Company’s ability to continue operations.





The
                Company believes these conditions have resulted from the inherent
                risks
                associated with small startup technology-oriented companies. Such
                risks
                include, but are not limited to, the ability to (i) generate revenues
                and
                sales of its products and services at levels sufficient to cover
                its costs
                and provide a return for investors, (ii) attract additional capital
                in
                order to finance growth, (iii) further develop and successfully market
                commercial products and services, and (iv) successfully compete with
                other
                comparable companies having financial, production and marketing resources
                significantly greater than those of the
                Company.





The
                Company is attempting to improve these conditions by way of financial
                assistance through issuances of additional equity and by generating
                revenues through sales of products and
                services.


25


**ITEM
      8:  CHANGES IN AND DISAGREEMENTS
      WITH ACCOUNTANTS**





None.





**ITEM
      8A:  CONTROLS AND
      PROCEDURES**





The
      Company's principal executive officer and principal financial officer, based
      on
      his evaluation of the Company's disclosure controls and procedures (as defined
      in Rules 13a-14 (c) and 15d-14(c) of the Securities Exchange Act of 1934) as
      of
      December 31, 2006 have concluded that the Company's disclosure controls and
      procedures are adequate and effective to ensure that material information
      relating to the Company and its consolidated subsidiaries are recorded,
      processed, summarized and reported within the time periods specified by the
      SEC's rules and forms, particularly during the period in which this annual
      report has been prepared.





The
      Company's principal executive officer and principal financial officer have
      concluded that there were no significant changes in the Company's internal
      controls or in other factors that could significantly affect these controls
      for
      the year ended December 31, 2006, the date of their most recent evaluation
      of
      such controls, and that there were no significant deficiencies or material
      weaknesses in the Company's internal controls.





**ITEM
      8B:  OTHER
      INFORMATION**





None.





**PART
      III**





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





Directors
      and Executive
      Officers





Name
            Age
            Position(1)Walter
                Pera
            62
            Chairman
                of the BoardChene
                Gardner
            42
            Chief
                Executive Officer, Chief Financial Officer and DirectorKenneth
                I. Denos
            38
            Director





(1)           Officers
      hold their position at the pleasure of the board of directors, absent any
      employment agreement.





**Walter
      Pera**, age 62,
      is the Chairman of the board of directors of Secure Netwerks.  Mr.
      Pera was appinted as Chairman of the board of directors of Secure Netwerks
      in
      March, 2004.  Mr. Pera has been the Chairman of the board of directors
      of Secure Netwerks since its inception.  Mr. Pera also serves as the
      President of RTW Management, Inc., a transportation provider and management
      company, and has served in this capacity since September 2003.  Mr.
      Pera is also the President and principal of 32 Enterprises LLC which owns
      Exchange night club, operating in Salt Lake City, Utah, and has served in this
      capacity since February 2006.  Mr. Pera was President of EcourseMaster
      Inc., an internet-based education company specializing in developing and
      deploying specialized training over the internet for corporate clients from
      March 2001 until April 2003.  Mr. Pera holds a Bachelor of Science
      degree in electrical engineering from Colorado State University, and a Masters
      in Business Administration from


26


Brigham
      Young University.  Mr. Pera served in the United States Navy from 1962
      to 1966.  Mr. Pera is not a director of any other company filing
      reports pursuant to the Securities Exchange Act of 1934.





**Chene
      Gardner**, age 42,
      is the Chief Executive Officer and Chief Financial Officer of Secure Netwerks
      and a member of the Secure Netwerks  board of
      directors.  Mr. Gardner was appointed Chief Executive Officer, Chief
      Financial Officer and  member of the board of directors of Secure
      Netwerks  in March, 2004.  Mr. Gardner has been the Chief
      Financial Officer of Secure Netwerks since its inception.  Mr. Gardner
      also serves as the financial controller for SportsNuts, Inc., the parent
      corporation of Secure Netwerks , and has served in this capacity since
      September, 1999.   Mr. Gardner has been the Chief Financial
      Officer and member of the board of directors of Cancer Therapeutics, Inc.,
      a
      cancer biotherapy company since May 2004.  Mr. Gardner has served as
      the Chief Executive Officer of Global Networks, Inc., an advertising company
      from March, 2005 to the present.  Mr. Gardner has also served as the
      Chief Financial Officer and member of the board of directors of Synerteck,
      Inc.,
      an IT service provider and a filer or reports pursuant to Sections 13(a) and
      15(d) of the Securities Exchange Act of 1934 from April, 2001 until December
      2005.   From January, 1997 to September, 1999, Mr. Gardner served
      as Financial Manager for Aluminum Builders, Inc., a producer of various home
      improvement items.  Mr. Gardner also has five years of auditing and
      accounting experience with the firm of Deloitte & Touche LLP from June 1990
      to August, 1995, serving clients in the banking, manufacturing, and retail
      industries.  Mr. Gardner holds Bachelor and Master of Accounting
      degrees from Weber State University.  Mr. Gardner is not a director of
      any other company filing reports pursuant to the Securities Exchange Act of
      1934.





**Kenneth
      I. Denos**, age 39, has been a member of the board of directors of Secure
      Netwerks since its formation in March, 2003.  Mr. Denos also serves as
      the Chief Executive Officer and a director of SportsNuts, Inc., the parent
      corporation of Secure Netwerks  and a filer or reports pursuant to
      Sections 13(a) and 15(d) of the Securities Exchange Act of 1934.  Mr.
      Denos has served as a member of the SportsNuts, Inc. board of directors since
      April, 1999 and has served as its Chief Executive Officer since March,
      2000.  From April, 1999 until March, 2000, he served as Executive Vice
      President and General Counsel for SportsNuts.  From November, 1998
      until April, 1999, he served as Executive Vice President of SportsNuts.com,
      Inc., a privately held corporation in which a controlling interest was acquired
      by SportsNuts, Inc. (the parent corporation of Secure Netwerks ) in April,
      1999.   Since May 2006, Mr. Denos has served as the Chief
      Executive Officer of Ifex Innovation Finance and Equity Exchange N.V.
      (FSE:IFEX), an Amsterdam-based business advisory firm. Since June 2005, Mr.
      Denos has served as the member of the board of directors of Moore, Clayton
      Capital Advisors, Inc., an investment advisor to Equus II Incorporated
      (NYSE:EQS)  and registered pursuant to the Investment Advisors Act of
      1940.  From January, 2004 until October, 2005, Mr. Denos served on the
      board of directors of Healthcare Enterprise Group PLC (LSE:HCEG), a London-based
      healthcare products distribution firm.  From February, 2005 until
      February, 2006, Mr. Denos served on the board of directors of Tersus Energy
      PLC
      (LSE:TER), a London-based alternative/renewable energy company.  From
      March 2001 until December 2005, Mr. Denos also served as a Synerteck
      Incorporated member of the board of directrors, a filer or reports pursuant
      to
      Sections 13(a) and 15(d) of the Securities Exchange Act of 1934.  From
      March, 1996 until November, 1998, Mr. Denos was an attorney with the Salt Lake
      City-based law firm of Jones, Waldo, Holbrook & McDonough,
      P.C.    Mr. Denos is a licensed attorney in the State of
      Utah and is a member of the American Bar Association.  Mr. Denos holds
      a Bachelor of Science degree in Business Finance and Political Science, a Master
      of Business Administration Degree, and a Juris Doctor, all received from the
      University of Utah.  Other than SportsNuts, Inc., Mr. Denos is not a
      director of any other company filing reports pursuant to the Securities Exchange
      Act of 1934.





**Compensation
      of Directors**





Although
      we anticipate compensating the
      members of the Secure Netwerks board of directors in the future at industry
      levels, the current members are not paid cash compensation for their service
      as
      directors.  Each director may be reimbursed for certain expenses
      incurred in attending board of directors


27


and
      committee meetings.  We are contemplating the issuance of stock or
      stock options of shares of Secure Netwerks to our directors for their service
      on
      the Secure Netwerks board of directors.





**Board
      of Directors Meetings and
      Committees**





Although
      various items were reviewed
      and approved by the board of directors during 2006, the board of directors
      held
      no meetings during the fiscal year ended December 31, 2006.





Secure
      Netwerks does not have Audit or
      Compensation Committees of the board of directors because each director of
      Secure Netwerks reviews the financial statements and independent audits of
      Secure Netwerks.





**Code
      of Ethics**





We
      have adopted a code of ethics that
      applies to all of our executive officers and senior financial officers
      (including our chief executive officer, chief financial officer and any person
      performing similar functions). A copy of our code of ethics is publicly
      available on our website at www.securenetwerks.com under the caption
­­­­“INVESTORS."  If we make any substantive
      amendments to our code of ethics or grant any waiver, including any implicit
      waiver, from a provision of the code to our chief executive officer, chief
      financial officer, chief accounting officer or controller, we will disclose
      the
      nature of such amendment or waiver in a report on Form 8-K.





**Section
      16(a) Beneficial Ownership Reporting Compliance**





We
      are
      required to identify each person who was an officer, director or beneficial
      owner of more than 10% of our registered equity securities during our most
      recent fiscal year and who failed to file on a timely basis reports required
      by
      Section 16(a) of the Securities Exchange Act of 1934.





During
      the 2006 fiscal year Secure
      Netwerks was a wholly owned subsidiary and was not required by Section 16(a)
      of
      the Securities Exchange Act of 1934 to file reports.





**ITEM
      10.  EXECUTIVE
      COMPENSATION**





The
      following table sets forth certain information regarding the annual and
      long-term compensation for services rendered in all capacities during the fiscal
      year ended December 31, 2006, 2005 and 2004 by Chene Gardner our Chief Executive
      Officer and Chief Financial Officer.  Mr. Gardner was appointed as
      Chief Executive Officer and Chief Financial Officer in March,
      2004.  No other executive officer of Secure Netwerks received more
      than $100,000 in total salary and bonus.  Although Secure Netwerks
      may, in the future, adopt a stock option plan or a stock bonus plan, no such
      plans exist.





**Summary
      Compensation Table**


**Annual
                      Compensation**
                  
                  **Long-Term**
                    **Compensation****Name
                      and**
                    **Principal
                      Position**
                  
                  **Year**
                  
                  
                  **Salary**
                  
                  **Bonus**
                  
                  **Securities**
                    **Underlying**
                    **Options**
                  
                  
                  **All
                      Other**
                    **Compensation**Chene
                      Gardner
                    CEO
                      and CFO
                  
                  
                  2006
                    2005
                    2004
                  
                  
                  $
                  12,000
                    $ 6,000
                    $ 6,000
                  
                  
                  
                  $
                  0
                    $ 0
                    $ 0
                  
                  
                  $
                  0
                    $ 0
                    $ 0





28





**Employment
      Agreements**





None
      of our executive officers are
      subject to an employment agreement with Secure Netwerks.





**ITEM11.  SECURITY
      OWNERSHIP OF
      CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
      MATTERS**





On
      March 1, 2007, Secure Netwerks was
      spun-off of SportsNuts, Inc., a Delaware corporation traded on the OTC
      Electronic Bulletin Board and a filer of reports pursuant to Sections 13(a)
      and
      15(d) of the Securities Exchange Act of 1934.  As of March 1, 2007 all
      of the shareholders of SportsNuts received their pro-rata ownership of Secure
      Netwerks.  Secure Netwerks  has no shares of preferred
      stock, options, warrants, rights or other instruments convertible into shares
      of
      common stock outstanding.





**Beneficial
      Ownership of Secure
      Netwerks**





The
      following table sets forth certain
      information regarding the beneficial ownership of Secure Netwerks’ common stock
      (par value $0.001 per share) as of March 21, 2007 by (i) each person (or group
      of affiliated persons) who is known by us to beneficially own more than 5%
      of
      the outstanding shares of Secure Netwerks’ common stock, (ii) each person who
      has served as a director or executive officer of Secure
      Netwerks  during 2005 and 2006, and (iii) all persons who have served
      as a director or executive officer of Secure Netwerks during such years as
      a
      group.  As of such date, Secure Netwerks had 500,000 shares of common
      stock outstanding.  Unless indicated otherwise, the address for each
      officer, director, and 5% shareholder is c/o Secure Netwerks, 10757 South River
      Front Parkway, Suite 125, Draper, Utah 84095.





**Common
                  Stock****Directors,
                  Executive Officers,**
                **5%
                  Stockholders**
              
              **Number**
              
              
              **Percent
                  of Class(1)**Chene
                  Gardner(2)
              
              
              0
              
              
              
              0
              %Walter
                  Pera(3)
              
              
              0
              
              
              
              0
              %Kenneth
                  Denos(4)
              
              
              12,657
              
              
              
              2.53
              %Prestbury
                  Investment Holdings Limited(5)
              
              
              103,033
              
              
              
              20.61
              %Nigel
                  Wray(6)
              
              
              103,033
              
              
              
              20.61
              %Nicholas
                  Leslau(7)
              
              
              103,033
              
              
              
              20.61
              %Gardner
                  Management, Inc. Profit Sharing Plan and Trust(8)
              
              
              50,584
              
              
              
              10.12
              %Moore,
                  Clayton & Co., Inc.(9)
              
              
              4,415
              
              
              
              0.88
              %Todd
                  Shell(10)
              
              
              35,002
              
              
              
              7.00
              %All
                  directors and officers as a group
                (3
                  people)
              
              
              12,657
              
              
              
              2.53
              %





(1)
      For
      each shareholder, the calculation of percentage of beneficial ownership is
      based
      upon 500,000 shares of Common Stock outstanding as of March 21, 2007, and shares
      of Common Stock subject to options, warrants and/or conversion rights held
      by
      the shareholder that are currently exercisable or exercisable within 60 days,
      which are deemed to be outstanding and to be beneficially owned by the
      shareholder holding such options, warrants, or conversion rights.  The
      percentage ownership of any shareholder is determined by assuming that the
      shareholder has exercised all options, warrants and conversion rights to obtain
      additional securities and that no other shareholder has exercised such
      rights.  Except as otherwise indicated below, the persons and entity
      named in the table have sole voting and investment power with respect to all
      shares of Common Stock shown as beneficially owned by them, subject to
      applicable community property laws.





(2)
      Chief
      Executive Officer, Chief Financial Officer and Director of Secure
      Netwerks.





(3)
      Chairman of the Board of Directors of Secure Netwerks.





(4)
      Director of Secure Netwerks.  Includes 8,242 shares of Common Stock of
      Secure Netwerks held directly by Mr. Denos. Because Mr. Denos is a member of
      the
      Board of Directors of Moore, Clayton & Co., Inc. (“MCC”), this number also
      includes 4,415 shares held directly by MCC.


29





(5)
      Shareholder of Secure Netwerks.  Includes 103,033 shares held directly
      by Prestbury Investment Holdings Limited (“PIHL”).





(6)
      Principal of PIHL and, together with Mr. Nicholas Leslau, the controlling
      shareholders of PIHL.  Includes 103,033 shares of Common Stock of
      Secure Netwerks held directly by PIHL.





(7)
      Principal of PIHL and, together with Mr. Nigel Wray, the controlling
      shareholders of PIHL.  Includes 103,.033 shares of Common Stock of
      Secure Netwerks held directly by PIHL.





(8)
      Shareholder of Secure Netwerks.  Includes 50,584 shares of Common
      Stock held directly by Gardner Management, Inc. Profit Sharing Plan and
      Trust.





(9)
      Shareholder of Secure Netwerks.  Includes 4,415 shares of Common Stock
      held directly by MCC.





(10)
      Shareholder of Secure Netwerks.  Includes 24,699 shares of Common
      Stock held directly by Mr. Shell and 10,303 shares of Common Stock held by
      Kelli
      Shell, the wife of Mr. Shell.








**ITEM12.  CERTAIN
      RELATIONSHIPS AND
      RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE**





Upon
      the
      formation of Secure Netwerks in March 2004, SportsNuts paid $0 for 500,000
      shares of Secure Netwerks  common stock and up until March 1, 2007,
      Secure Netwerks’ sole shareholder.  The consideration paid by
      SportsNuts in receiving the shares of Secure Netwerks was in exchange for the
      assumption of $25,196 in liabilities resulting in an additional paid in capital
      deficit of $25,696 upon issuance.





Secure
      Netwerks  is subject to a month-to-month sublease with Acadia
      Properties, LLC, for the use of office and hardware facilities.  We
      pay Acadia Properties, LLC a rental fee of $1,200 per month, which may increase
      as our business grows.  Secure Netwerks’ rental fee is based on
      exclusive usage of approximately one-eighth of the office space of Acadia
      Properties, LLC, which pays an aggregate rental rate of $10,500 per month and
      is
      comparable to rents charged to other subtenants of Acadia Properties,
      LLC.  We utilize these facilities for the operation of our day-to-day
      business.  As Secure Netwerks grows and expands, we may seek
      alternative arrangements for our executive offices and operations elsewhere
      in
      the Salt Lake City metropolitan area.  Secure Netwerks’ sublease with
      Acadia Properties, LLC is attached as an exhibit to this registration
      statement.  Kenneth Denos is a principal of Acadia Properties, LLC and
      is a director of Secure Netwerks.





As
      of June 10, 2004, $80,000 was loaned
      to Secure Netwerks in the form of the payment of outstanding liabilities on
      behalf of the Company, and on January 1, 2005, Secure Netwerks issued 4
      promissory notes to the following individuals to formalize these non-cash
      payments in the prior year:





·
            Chene
                Gardner ($6,250) , the Chief Executive Officer of Secure
                Netwerks;


·
            Kenneth
                Denos ($25,000), Director of Secure
                Netwerks;


·
            John
                Thomas ($25,000), Secure Netwerks’ corporate counsel;
                and


·
            Travis
                Pera ($23,750), son of Walter Pera, Chairman of the board of directors
                of
                Secure Netwerks.





The
      notes
      each mature upon demand, are unsecured, and bear interest at the rate of ten
      percent per annum.





**ITEM
      13:  EXHIBITS AND REPORTS ON
      FORM 8-K.**





**(a)**
            **Documents
                Filed as a Part of this
                Report**





**(1)**
            **Financial
                Statements**


30





See
                “Item 7 - Financial Statements Required by Form
                10-KSB.”





**(2)**
            **Financial
                Statement Schedules**





The
      following Financial Statement
      Schedules of the Company, together with the report of


Bouwhuis
      Morrill & Company, LLC, the Company’s independent accountants, thereon are
      filed as part of this Report on Form 10-KSB as listed below and should be read
      in conjunction with the consolidated financial statements of the
      Company:





Report
      of
      Bouwhuis Morrill & Company, LLC, Independent Accountants, on Financial
      Statement Schedules.





**(3)**
            **Exhibits**





See
                “Index to Exhibits.”





**(b)**
            **Reports
                on Form 8-K**





No
      reports on Form 8-K were filed
      during the quarter ended December 31, 2006.





**ITEM
      14:  PRINCIPAL ACCOUNTANT FEES
      AND SERVICES**


**Fees
      Billed For Audit and Non-Audit
      Services**





The
      following table represents the
      aggregate fees billed for professional audit services rendered to the Company
      by
      Bouwhuis, Morrill & Company, LLC, our current independent auditor, (“BMC”)
      for the audit of the Company’s annual financial statements for the years ended
      December 31, 2006 and 2005, and all fees billed for other services rendered
      by
      BMC during those periods.








Year
                  Ended December 31
              
              2006
              
              
              2005Audit
                  Fees(1)
              
              $
              6,238
              
              
              $
              5,000Audit-Related
                  Fees(2)
              
              
              0
              
              
              
              0Tax
                  Fees(3)
              
              
              0
              
              
              
              0All
                  Other Fees(4)
              
              _________0____
              
              
              _______0___Total
                  Accounting Fees and Services
              
              $
              6,238
              
              
              $
              5,000





(1)
      Audit Fees. These are fees for professional services for the audit of the
      Company’s annual financial statements, and for the review of the financial
      statements included in the Company’s filings on Form 10-KSB, and for services
      that are normally provided in connection with statutory and regulatory filings
      or engagements.





(2)  Audit-Related
      Fees. These are fees for the assurance and related services reasonably related
      to the performance of the audit or the review of the Company’s financial
      statements.





(3)
      Tax Fees. These are fees for professional services with respect to tax
      compliance, tax advice, and tax planning.





31





(4)
      All Other Fees. These are fees for permissible work that does not fall within
      any of the other fee categories, i.e., Audit Fees, Audit-Related Fees, or Tax
      Fees.








**ITEM
      1.  INDEX TO EXHIBITS**





**Exhibit**
              **Number**
            
            **Title
                of Document**3.1
            
            Certificate
                of Incorporation of Secure Netwerks, Inc., a Delaware
                corporation.(1)3.2
            
            Bylaws
                of Secure Netwerks, Inc., a Delaware corporation.(2)10.1
            
            Sublease
                Agreement between the Registrant and Acadia Properties, LLC
                (3)10.2
            
            Form
                Purchase Contract (4)10.3
            
            Promissory
                Note Issued to Chene Gardner (5)10.4
            
            Promissory
                Note Issued to Travis Pera (6)10.5
            
            Promissory
                Note Issued to John Thomas (7)10.6
            
            Promissory
                Note Issued to Kenneth Denos (8)10.7
            
            Equipment
                Lease between Secure Netwerks and Velocity Capital LLC (9)23.1
            
            Consent
                of Bouwhuis, Morrill & Company, LLC. (10)99.1
            
            Certification
                by Chief Executive Officer and Chief Financial Officer, Chene
              Gardner,
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002.99.2
            
            Certification
                by Chief Executive Officer and Chief Financial Officer, Chene Gardner,
                pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002.





(1)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(2)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(3)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(4)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(5)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(6)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(7)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(8)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(9)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.


(10)
            Filed
                as an Exhibit to the Company’s Registration Statement on Form 10 SB12G,
                deemed effective by the Commission on January 17,
                2006.





32


**SIGNATURES**





In
      accordance with Section 13 or 15(d)
      of the Exchange Act, the Company caused this report to be signed on its behalf
      by the undersigned, thereunto duly authorized.











**SECURE
      NETWERKS,
      INC.**








Date:                      ___March
      30,
      2007                                                                    By:
/s/ Chene Gardner     Chene Gardner


Chief
      Executive Officer











In
      accordance with the Exchange Act,
      this report has been signed below by the following persons on behalf of the
      Company and in the capacities and on the dates indicated.





Signature
            
            Title
            
            Date/s/
                Walter Pera
            
            Director
            
            March
                30, 2007/s/
                Chene Gardner
            
            Director,
                Chief Executive Officer and Chief Financial Officer
            
            March
                30, 2007/s/
                Kenneth Denos_
            
            Director
            
            March
                30, 2007








33