UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                Form 10-KSB

(Mark One)
     [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

     For the fiscal year ended September 30, 2006

     [ ]  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: 000-32329

                             ALNILAM CORPORATION
              (Exact name of Registrant as specified in charter)

NEVADA                                            91-2081398
State or other jurisdiction of                    I.R.S. Employer I.D. No.
incorporation or organization

170 NEWPORT CENTER DRIVE, SUITE 220, NEWPORT BEACH, CA      92660
(Address of principal executive offices)                    (Zip Code)

Issuer's telephone number, including area code:  (949) 644-0095

Former Address:  3857 Birch Street, #606, Newport Beach, CA   92660

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

Securities registered pursuant to Section 12(g) of the Act:  Common Stock,
Par Value $.001

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) has 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.
(1) Yes [X] No [ ]   (2) Yes [X] No [ ]

Check if 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 registrant's knowledge,

<PAGE>

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.      [X]

Indicate by check mark whether the Registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).   [X]

State issuer's revenues for its most recent fiscal year:  $ -0-

State the aggregate market value of the voting stock held by non-affiliates
of the Registrant computed by reference to the price at which the stock was
sold, or the average bid and asked prices of such stock, as of a specified
date within the past 60 days:  The aggregate market value of the voting stock
held by non-affiliates of the Registrant computed by using the closing sale
price has been indeterminable within the past 60 days as there has been no
market for the stock.

State the number of shares outstanding of each of the Issuer's classes of
common equity as of the latest practicable date:  At December 22, 2006, there
were 500,000 shares of the Registrant's Common stock outstanding.

Documents Incorporated by Reference:  None

                                    PART I

                       ITEM 1.  DESCRIPTION OF BUSINESS

History and Organization

     Alnilam Corporation (the "Company") was incorporated under the laws of
the State of Nevada on May 10, 2000.  The Company has conducted no activities
since its inception except in connection with the filing of a registration
statement on Form 10-SB on February 9, 2001.  The registration statement
became effective on April 10, 2001.

     Effective March 21, 2005, the outstanding shares of common stock of the
Company were reverse split at the rate of one-for-two.  At the time of the
reverse split there were 1,000,000 shares outstanding which were reduced to
500,000 shares as a result of the reverse split.  Unless otherwise
designated, the shares set forth in this report give effect to this reverse
split.

Proposed Business

     The Company is seeking potential business acquisitions or opportunities
to enter into in an effort to commence business operations.  The Company does
not propose to restrict its search for a business opportunity to any
particular industry or geographical area and may, therefore, engage in
essentially any business in any industry.  The Company has unrestricted
discretion in seeking and participating in a business opportunity.

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     The Company's Board of Directors, which consists of a single individual,
Eric Bronk, shall make the initial determination whether to complete any such
venture; however, the Board of Directors intends to submit final approval of
any proposed transaction to the shareholders.  In connection with such
approval by the shareholders, the Company intends to provide disclosure
documentation to its shareholders as required under Section 14 of the
Securities Exchange Act of 1934, and the rules and regulations promulgated
thereunder.

     The selection of a business opportunity in which to participate is
complex and risky.  Additionally, as the Company has only limited resources
available to it, it may be difficult to find good opportunities.  There can
be no assurance that the Company will be able to identify and acquire any
business opportunity based on management's business judgement.

     The Company has not begun any negotiations with potential business
ventures.  Management decided to file its Registration Statement on a
voluntary basis before seeking a business venture.  Management believes that
being a reporting company may increase the likelihood that existing business
ventures may be willing to negotiate with the Company.  The Company also
intends to seek quotation of its common stock on the OTC Bulletin Board
following such an acquisition or merger transaction.  In order to have stock
quoted on the OTC Bulletin Board, a company must be subject to the reporting
requirements of the 1934 Act, either by virtue of filing a registration
statement on Form 10 or Form 10-SB, or by filing a registration statement
under the 1933 Act.  The Company anticipates that it would voluntarily file
periodic reports with the Securities and Exchange Commission, in the event
its obligation to file such reports is terminated under the Securities
Exchange Act of 1934, if the common stock of the Company were quoted on the
OTC Bulletin Board.

     In connection with the application for quotation of the Company's common
stock on the OTC Bulletin Board, management intends, following an acquisition
of a business venture, to seek a broker-dealer to become the initial market
maker for the Company's common stock and to submit the application to the OTC
Bulletin Board.  There have been no preliminary discussions or understandings
between the Company, or anyone acting on its behalf, and any market maker
regarding such application or the participation of any such market maker in
the future trading market for the Company's common stock.  Management intends
to contact broker-dealers who make markets in Bulletin Board companies until
one agrees to make the application.  There is no assurance that the Company
will be successful in locating such a broker-dealer, or that the application,
if submitted, would be approved.  The Company does not intend to use outside
consultants to obtain market makers.  In addition, the Company does not
intend to use any of its shareholders to obtain market makers.

     Management intends to consider a number of factors prior to making any
final decision as to whether to participate in any specific business
endeavor, none of which may be determinative or provide any assurance of
success.  These may include, but will not be limited to, an analysis of the
quality of the entity's management personnel; the anticipated acceptability
of any new products or marketing concepts; the merit of technological
changes; its present financial condition, projected growth potential and
available technical, financial and managerial resources; its working capital,
history of operations and future prospects; the nature of its present and

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expected competition; the quality and experience of its management services
and the depth of its management; its potential for further research,
development or exploration; risk factors specifically related to its business
operations; its potential for growth, expansion and profit; the perceived
public recognition or acceptance of its products, services, trademarks and
name identification; and numerous other factors which are difficult, if not
impossible, to properly or accurately analyze, let alone describe or
identify, without referring to specific objective criteria.

     Regardless, the results of operations of any specific entity may not
necessarily be indicative of what may occur in the future, by reason of
changing market strategies, plant or product expansion, changes in product
emphasis, future management personnel and changes in  innumerable other
factors.  Further, in the case of a new business venture or one that is in a
research and development stage, the risks will be substantial, and there will
be no objective criteria to examine the effectiveness or the abilities of its
management or its business objectives.  Also, a firm market for its products
or services may yet need to be established, and with no past track record,
the profitability of any such entity will be unproven and cannot be predicted
with any certainty.

     Management will attempt to meet personally with management and key
personnel of the entity sponsoring any business opportunity afforded to the
Company, visit and inspect material facilities, obtain independent analysis
or verification of information provided and gathered, check references of
management and key personnel and conduct other reasonably prudent measures
calculated to ensure a reasonably thorough review of any particular business
opportunity; however, due to time constraints of management, these activities
may be limited.

     The Company is unable to predict the time as to when and if it may
actually participate in any specific business endeavor.  The Company
anticipates that proposed business ventures will be made available to it
through personal contacts of directors, executive officers and stockholders,
professional advisors, broker dealers in securities, venture capital
personnel, members of the financial community, attorneys, and others who may
present unsolicited proposals.  In certain cases, the Company may agree to
pay a finder's fee or to otherwise compensate the persons who submit a
potential business endeavor in which the Company eventually participates.
Such persons may include the Company's directors, executive officers,
beneficial owners or their affiliates.  In this event, such fees may become a
factor in negotiations regarding a potential acquisition and, accordingly,
may present a conflict of interest for such individuals.

     The Company's director and executive officers have not used particular
consultants, advisors or finders on a regular basis to locate potential
business opportunities.

     The possibility exists that the Company may acquire or merge with a
business or company in which the Company's executive officers, director,
beneficial owners or their affiliates may have an ownership interest.
Current Company policy does not prohibit such transactions.  Because no such
transaction is currently contemplated, it is impossible to estimate the
potential pecuniary benefits to these persons.

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     Although it currently has no plans to do so, depending on the nature and
extent of services rendered, the Company may compensate members of management
in the future for services that they may perform for the Company.  Because
the Company currently has extremely limited resources, and is unlikely to
have any significant resources until it has completed a merger or
acquisition, management expects that any such compensation would take the
form of an issuance of the Company's stock to these persons; this would have
the effect of further diluting the holdings of the Company's other
stockholders.  However, due to the minimal amount of time devoted to
management by any person other than the Company's current sole director and
the executive officers, there are no preliminary agreements or understandings
with respect to management compensation.  Although it is not prohibited by
statute or its Articles of Incorporation, the Company has no plans to borrow
funds and use the proceeds to make payment to its management, promoters or
affiliates.

     Further, substantial fees are often paid in connection with the
completion of these types of acquisitions, reorganizations or mergers,
ranging from a small amount to as much as $250,000.  These fees are usually
divided among promoters or founders, after deduction of legal, accounting and
other related expenses, and it is not unusual for a portion of these fees to
be paid to members of management or to principal stockholders as
consideration for their agreement to retire a portion of the shares of common
stock owned by them.  However, management does not presently anticipate
actively negotiating or otherwise consenting to the purchase of all or any
portion of its common stock as a condition to, or in connection with, a
proposed merger or acquisition.  In the event that such fees are paid, they
may become a factor in negotiations regarding any potential acquisition by
the Company and, accordingly, may present a conflict of interest for such
individuals.

     The activities of the Company are subject to several significant risks
which arise primarily as a result of the fact that the Company has no
specific business and may acquire or participate in a business opportunity
based on the decision of management, subject to the approval of the Company's
shareholders.  The risks faced by the Company are further increased as a
result of its lack of resources and its inability to provide a prospective
business opportunity with significant capital.

     The Company has had no employees since its inception and does not intend
to employ anyone in the future, unless its present business operations were
to change.  The Company is not paying salaries or other forms of compensation
to its present officers and director for his time and effort.  Unless
otherwise agreed to by the Company, the Company does intend to reimburse its
officers and directors for out-of-pocket expenses.

Status as a Pseudo California Corporation.

     Section 2115 of the California General Corporation Law subjects certain
foreign corporations doing business in California to various substantive
provisions of the California General Corporation Law in the event that the
average of its property, payroll and sales is more than 50% in California and
more than one-half of its outstanding voting securities are held of record by
persons residing in the State of California.  Notwithstanding the fact that
the Company

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currently has no property, payroll, or sales, it may still be considered a
pseudo California corporation, even though it was incorporated under the laws
of the State of Nevada.  The designation as a pseudo California corporation
would continue until the end of the first year following a year in which we
did not meet the test.

     Some of the substantive provisions applicable to a pseudo California
corporation include: (i) under Section 305 of California corporate law, if a
vacancy in our board of directors is filled by the remaining directors and
the directors appointed by the board constitute a majority, any shareholders
owning an aggregate of 5% or more of the outstanding shares have the right to
call a special meeting of shareholders to elect the entire board; (ii) under
Section 506 of California corporate law shareholders receiving any prohibited
distribution for dividends, liquidation, redemption of shares, or similar
transaction, with knowledge of facts indicating the impropriety thereof is
liable to the corporation for the benefit of all of the creditors or
shareholders entitled to institute action for the amount so received by the
shareholder; (iii) Section 710 of California corporate law also limits the
ability of a corporation to provide for super-voting shares by requiring
approval of super-voting provisions by at least as large a portion of the
outstanding shares as is required pursuant to the super-voting provisions and
renewal of the provisions by the same portion every two years; (iv) under
Section 1300 of California corporate law shareholders shall have the right to
vote, and shall have dissenters rights, in any transaction resulting in a
change of control or in an acquisition of all or substantially all of the
assets of another corporation; (v) under Section 1600 any shareholder or
shareholders owning at least 5% of the outstanding shares may inspect and
copy the record of shareholders' names and addresses or may obtain a
shareholders' list from the transfer agent; and, (vi) Section 1601 also
permits any shareholder to inspect the accounting books and records and
minutes of proceedings of the shareholders and the board and committees,
provided that the inspection is for a purpose reasonably related to the
shareholder's interests as a shareholder.

                       ITEM 2.  DESCRIPTION OF PROPERTY

     The Company neither owns nor leases any office space, real property, or
equipment.

                          ITEM 3.  LEGAL PROCEEDINGS

     No legal proceedings are reportable pursuant to this item.

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

     No matters were submitted to a vote of shareholders of the Company
during the fourth quarter of the fiscal year ended September 30, 2006.

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                                   PART II

      ITEM 5.  MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
             SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES

     There is no established trading market for the common stock of the
Company.

     None of the common shares are subject to outstanding options or
warrants, nor are there any other outstanding securities convertible into
shares of Common stock.  Of the 500,000 outstanding common shares, all have
been held for at least one year.  The Company is aware that the staff of the
Securities and Exchange Commission has taken the position that Rule 144 would
not be available for shares issued at a time during which an issuer was a
blank check issuer and that these shares could only be resold through a
registered offering.  Management has determined that if such position were to
apply to the shares issued in the organization of the Company, it would agree
to register, at no cost to the selling shareholders, the resale of such
shares for these parties.  The Company has expressly granted piggy-back
registration rights to register 24,750 shares issued to counsel for the
Company.  The Company has not proposed to publicly offer any shares of Common
stock.

     At December 22, 2006, the Company had 27 shareholders of record.  The
Company has appointed Interwest Transfer Company, Inc., 1981 East 4800 South,
Suite 100, Salt Lake City, UT 84117, to act as its transfer agent.

     Since its inception, the Company has not paid any dividends on its
common stock and the Company does not anticipate that it will pay dividends
in the foreseeable future.

     The Company has not adopted any equity compensation plans.

     During the year ended September 30, 2006, no securities were sold by the
Company.

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

     The Company has not commenced development of any business.  Since its
inception, the Company has had no operations.  The Company was organized for
the purpose of engaging in any lawful activity permitted under Nevada state
law; however, the Company does not have any significant cash or other
material assets, nor does it have an established source of revenues
sufficient to cover operating costs and to allow it to continue as a going
concern.  The Company intends to take advantage of any reasonable business
proposal presented which management believes will provide the Company and its
stockholders with a viable business opportunity.  The board of directors will
make the final approval in determining whether to complete any acquisition,
but will submit the proposal to the shareholders for final approval.

     The original shareholders contributed a total of $7,365 in cash and
$2,635 in services as capital contributions for stock of the Company.  Rigel
Funds Management, Ltd., an entity of which Eric C. Bronk, the sole director
and president of the Company, is a director, loaned $14,835 to

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the Company at its inception for operating expenses.  The Company has issued
other promissory notes to Cygni Capital, LLC, an entity of which Mr. Bronk is
a managing member. (See "Item 12.  Certain Relationships and Related
Transactions.")  All of the notes payable are due and payable upon demand.
The total accumulated interest to September 30, 2006, is $10,416.  If the
company is unable to find a suitable business by the time the notes are
called due, it is anticipated that the Company would try to renegotiate the
term of the notes.

     Management estimates that the cash requirements for the year ending
September 30, 2007, will be approximately $10,000, if no change in operations
occurs during the year.  Management anticipates that these funds will be
loaned to the Company on the same or similar terms as those of previous loans
to the Company.  There is no agreement with any of the companies and no
assurance that all or a portion of these funds will be loaned to the Company.
If the Company is unable to borrow such funds, management will seek other
sources of funding which are currently unknown to management.  There is no
assurance that such funding would be available, or that if it is made
available, it could be obtained on terms favorable to the Company.

     The investigation of specific business opportunities and the
negotiation, drafting, and execution of relevant agreements, disclosure
documents, and other instruments will require substantial management time and
attention and will require the Company to incur costs for payment of
accountants, attorneys, and others.  If a decision is made not to participate
in or complete the acquisition of a specific business opportunity, the costs
incurred in a related investigation will not be recoverable.  Further, even
if an agreement is reached for the participation in a specific business
opportunity by way of investment or otherwise, the failure to consummate the
particular transaction may result in the loss to the Company of all related
costs incurred.

     Currently, management is not able to determine the time or resources
that will be necessary to locate and acquire or merge with a business
prospect.  There is no assurance that the Company will be able to acquire an
interest in any such prospects, products, or opportunities that may exist or
that any activity of the Company, regardless of the completion of any
transaction, will be profitable.  If and when the Company locates a business
opportunity, management of the Company will give consideration to the dollar
amount of that entity's profitable operations and the adequacy of its working
capital in determining the terms and conditions under which the Company would
consummate such an acquisition.  Potential business opportunities, no matter
which form they may take, will most likely result in substantial dilution for
the Company's shareholders due to the likely issuance of stock to acquire
such an opportunity.

Off-Balance Sheet Arrangements

     There are currently no off-balance sheet arrangements.  Until the
Company is able to locate a potential business for acquisition or business
prospect to merge with, there will likely not be any arrangements.

     There is no assurance that the Company will be able to acquire an
interest in any such prospects, products, or opportunities that may exist or
that any activity of the Company,

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regardless of the completion of any transaction, will be profitable.  If and
when the Company locates a business opportunity, management of the Company
will give consideration to the dollar amount of that entity's profitable
operations and the adequacy of its working capital in determining the terms
and conditions under which the Company would consummate such an acquisition.
Potential business opportunities, no matter which form they may take, will
most likely result in substantial dilution for the Company's shareholders due
to the likely issuance of stock to acquire such an opportunity.

                        ITEM 7.  FINANCIAL STATEMENTS

     The financial statements of the Company are set forth immediately
following the signature page of this annual report.  The financial statements
of the company have not been audited in reliance upon Rule 3-11 of Regulation
S-X, but have been completed my management.  The company maintains that it
meets the requirements of this rule and provides the following specific
information:

     (a)  Its gross receipts from all sources for the fiscal year covered in
          the financial statements were not in excess of $100,000;
     (b)  the Company had not purchased or sold any of its stock, granted any
          options therefor, or levied assessments upon any outstanding stock;
     (c)  expenditures for all purposes for the fiscal year were not in
          excess of $100,000;
     (d)  there was no material change in the business of the Company
          occurring during the fiscal year, including any bankruptcy,
          reorganization, readjustment or succession or any material
          acquisition or disposition of plants, mines, mining equipment, mine
          rights, or leases; and
     (e)  the shares of the Company are not listed upon any exchange and it
          is not subject to any government authority which requires the
          furnishing to it or publication of audited financial statements.

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

     No information is reportable pursuant to this item.

                      ITEM 8A.  CONTROLS AND PROCEDURES

Evaluation of disclosure and controls and procedure

     With the participation of management our chief executive officer and
chief financial officer have evaluated the effectiveness of the design and
operation of our disclosure controls and procedures (as defined in Rules
13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as
amended) as of the end of the period covered by this report.  Based on that
evaluation the chief executive officer and chief financial officer have
concluded that our disclosure controls and procedures are designed to ensure
that information required to be disclosed by us in the reports that we file
or submit under the Exchange Act is recorded, processed, summarized and

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reported within the time periods specified in the SEC's rules and forms, and
are operating in an effective manner.

Changes in Internal Controls

     There were no changes in our internal control over financial reporting
that have materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.

     It should be noted that any system of controls, however well designed
and operated, can provide only reasonable and not absolute assurance that the
objectives of the system will be met.  In addition, the design of any control
system is based in part upon certain assumptions about the likelihood of
future events.  Because of these and other inherent limitations of control
systems, there is only reasonable assurance that our controls will succeed in
achieving their stated goals under all potential future conditions.

                         ITEM 8A.  OTHER INFORMATION

     On December 22, 2006, the board of directors was increased to two
persons and Mr. Eric Bronk was added to fill the vacancy.  Mr. Jason Daggett
then resigned as a director and the board of directors was reduced to one
person.  Mr. Bronk was then appointed as President and Treasurer.

                                   PART III

    ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
               COMPLIANCE WITH SECTION 16(a) OF TH EXCHANGE ACT

     The following table sets forth as of December 22, 2006, the name, age,
and position of the executive officers and sole director of the Company and
the term of office of such director:

          Name           Age  Position(s)              Director Since

          Eric Bronk     60   Director, President &         December 2006
                              Treasurer
          Lynn Carlson   52   Vice-President & Secretary    --

     Directors are elected for a term of one year and until their successors
are elected and qualified.  Annual meetings of the stockholders, for the
selection of directors to succeed those whose terms expire, are to be held at
such time each year as designated by the Board of Directors.  The Board of
Directors has not selected a date for the next annual meeting of
shareholders.  Officers of the Company are elected by the Board of Directors,
which is required to consider that subject at its first meeting after every
annual meeting of stockholders.  Each officer holds his office until his
successor is elected and qualified or until his earlier resignation or
removal.

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     Set forth below is certain biographical information regarding the
Company's current executive officers and sole director:

     ERIC CHESS BRONK has been the president and treasurer of the Company
since December 2006.  From June 1998 to the present, Mr. Bronk has been
the President of Cygni Capital, LLC, a California limited liability
company engaged in financial consulting services.  From 1972 to the present
Mr. Bronk has been a practicing attorney, licensed to practice law in
the State of California and in Washington, D.C.  Mr. Bronk received his
bachelor of arts degree in 1967 from Penn State University, and he received
his law degree in 1972 from America University, Washington College of Law.

     LYNN CARLSON has been the secretary and vice-president of the Company
since its inception in May 2000.  She has worked for Cygni Capital LLC, an
investor and corporate relations firm, since November 1998 as an
administrative assistant and account executive.

     Management devotes only nominal time to the activities of the Company.
If the Company is able to locate a suitable new business venture, it is
anticipated that Mr. Bronk will devote substantially all of his time to
completing the acquisition.

     There are no other employees who are expected to make a significant
contribution to the business and there are no intentions to employ anyone
until business operations change.

     There are no family relationships between any of the officers and the
director or persons nominated to become directors or executive officers.

     None of the officers, the director, persons nominated to become a
director, any promoters or control persons of the Company have, within the
last five years, been involved in events material to an evaluation of their
ability or integrity.

     The entire board of directors of the Company is currently acting as the
audit committee.  There is no financial expert currently on the audit
committee as there is no current activity in the Company.

     There are no established procedures for security holders to recommend
nominees for the board of directors.

Other Public Shell Activities

     Mr. Bronk is involved as a director, executive officer, and shareholder
of another company that may be deemed to be "blank check" company, but has
not been involved in any blank check public offerings.  The following is a
brief description of his involvement in this other company:

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  *  Cygni Investments, Inc.  Mr. Bronk was a founder of this entity which
     was incorporated on November 17, 1999.  He beneficially owns 59,750
     shares, or approximately 11.95%, of the outstanding stock of this
     entity.  Cygni has no current business operations and is seeking a
     business opportunity to commence operations.

     The selection of a business opportunity for this entity, or the Company,
may create a conflict of interest in determining to which of the entities to
present the opportunity.

Code of Ethics

     The Company has not adopted a code of ethics that applies to the
Company's principal executive officer, principal financial officer, principal
accounting officer or controller, or persons performing similar functions,
because it has not commenced development of its business.

                       ITEM 10.  EXECUTIVE COMPENSATION

     There has been no compensation awarded to, earned by, or paid to any of
the executive officers of the Company during the fiscal years ended
September 30, 2006, 2005, or 2004.

     The Company has no employment or compensation agreements or arrangements
with either of its officers.

     Directors are permitted to receive fixed fees and other compensation for
their services as directors, as determined by the Board of Directors.  The
Board of Directors has not adopted any policy in regard to the payment of
fees or other compensation to directors, and no fees or compensation have
been paid to, or accrued by, the present director.

   ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                       AND RELATED STOCKHOLDER MATTERS

     The following table sets forth certain information furnished by current
management concerning the ownership of common stock of the Company as of
December 22, 2006, of (i) each person who is known to the Company to be the
beneficial owner of more than 5 percent of the Common stock; (ii) all
directors and executive officers; and (iii) directors and executive officers
of the Company as a group:

Amount and Nature
Name and Address              of Beneficial
of Beneficial Owner           Ownership (1)       Percent of Class

Eric C. Bronk                 59,750(2)           12.0%
170 Newport Center Drive
Suite 220
Newport Beach, CA 92660

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Lynn Carlson                   7,500               1.5%
170 Newport Center Drive
Suite 220
Newport Beach, CA 92660

Executive Officers and        67,250              13.5%
Directors as a Group
(2 Persons)

Rigel Funds Management Ltd.   49,750              10.0%
Cumberland House
No. 27 Cumberland Street
P.O. Box  N-10818
Nassau, The Bahamas

Fleming Securities            47,500               9.5%
Suites 1601-1603
Hollywood Rd.
Hong Kong

Baldwin Investments Ltd.      44,750               8.95%
99-101 Regent St.
First Floor
London W1R 7HB UK

Carl T. Suter                 39,750               7.95%
3857 Birch St., #606
Newport Beach, CA 92660

     (1)  Unless otherwise indicated, this column reflects amounts as to
which the beneficial owner has sole voting power and sole investment power.
     (2)  Of the shares beneficially owned by Mr. Bronk, 10,000 are owned
directly by Suter GC Trust, a trust for which Mr. Bronk is the trustee.
While Mr. Bronk disclaims any pecuniary interest in these shares, he is
deemed to share beneficial ownership of such shares with this entity.

     The Company is seeking potential business acquisitions or opportunities.
(See "Item 1.  Description of Business.")  It is likely that such a
transaction would result in a change of control of the Company, by virtue of
issuing a controlling number of shares in the transaction, change of
management, or otherwise.

     The Company has not adopted any equity compensation plans.

                                      13
<PAGE>

           ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     In connection with the organization of the Company in May 2000, Eric C.
Bronk, the sole director,president, shareholder and a founder of the
Company, received 49,750 shares for services rendered by to the Company.
Mr. Bronk provided consulting services in connection with the
organization of the Company, which services were valued at $995.

     In connection with the organization of the Company in May 2000, Jason
Daggett, a founder of the Company, received 10,000 shares for services
rendered by to the Company.  Mr. Daggett provided consulting services in
connection with the organization of the Company, which services were
valued at $200.

     In connection with the organization of the Company in May 2000, Lynn
Carlson, an officer of the Company, received 7,500 shares for services
rendered by to the Company.  Ms. Carlson provided secretarial services in
connection with the organization of the Company, which services were valued
at $150.

     On September 1, 2000, Rigel Funds Management, Ltd., a corporation of
which Mr. Bronk is a director, loaned $14,835 to the Company.  The
promissory note bears 10% interest per annum and was originally due on
or before September 1, 2001.  The note has been extended to be due and
payable upon demand.

     On December 31, 2002, a promissory note in the amount of $1,951 was
issued to Cygni Capital LLC, a limited liability company of which Mr. Bronk
is the managing member, for monies loaned to the Company.  The promissory note
bears 10% interest per annum and is due and payable upon demand.

     On December 31, 2003, a promissory note in the amount of $1,068 was
issued to Cygni Capital LLC, a limited liability company of which Mr. Bronk
is the managing member, for monies loaned to the Company.  The promissory note
bears 10% interest per annum and is due and payable upon demand.

     On March 31, 2004, a promissory note in the amount of $500 was issued to
Cygni Capital LLC, a limited liability company of which Mr. Bronk is the
managing member, for monies loaned to the Company.  The promissory note bears
10% interest per annum and is due and payable upon demand.

     On June 30, 2004, a promissory note in the amount of $484 was issued to
Cygni Capital LLC, a limited liability company of which Mr. Bronk is the
managing member, for monies loaned to the Company.  The promissory note bears
10% interest per annum and is due and payable upon demand.

     On September 30, 2004, a promissory note in the amount of $1,722 was
issued to Cygni Capital LLC, a limited liability company of which Mr. Bronk
is the managing member, for monies loaned to

                                      14
<PAGE>

the Company.  The promissory note bears 10% interest per annum and is due and
payable upon demand.

                              ITEM 13.  EXHIBITS

     The following exhibits are included as part of this report:

<TABLE>
<CAPTION>
                                                   Incorporated by Reference
                                              ------------------------------------
Exhibit Exhibit                               Filing                                Filed
Number  Description                           Form    File No.   Exhibit    Date    Herewith
------- -----------                           ------  ---------  -------  --------  --------
<S>     <C>                                   <C>     <C>         <C>     <C>       <C>
3.1     Articles of Incorporation filed       10-SB   000-32329  3.1      2/9/01
        May 10, 2000

3.2     Current Bylaws                        10-SB   000-32329  3.2      2/9/01

4.1     Form of Common Stock Certificate      10-SB   000-32329  4.1      2/9/01

10.1    Extension of Promissory Note dated    10-KSB  000-32329  10.1     1-15-03
        September 1, 2002, to Rigel Funds
        Management, Ltd.

10.2	Promissory Note dated December 31,    10-QSB  000-32329  10.2     8-16-04
        2002, to Cygni Capital LLC

10.3	Promissory Note dated December 31,    10-QSB  000-32329  10.3     8-16-04
        2003, to Cygni Capital LLC

10.4	Promissory Note dated March 31,       10-QSB  000-32329  10.4     8-16-04
        2004, to Cygni Capital LLC

10.5	Promissory Note dated June 30,        10-QSB  000-32329  10.5     8-16-04
        2004, to Cygni Capital LLC

10.6	Promissory Note dated September 30,   10-KSB  000-32329  10.6     12-23-04
        2004, to Cygni Capital LLC

31.1    Rule 13a-14(a) Certification by                                               X
        Principal Executive Officer

31.2    Rule 13a-14(a) Certification by                                               X
        Principal Financial Officer

32      Section 1350 Certification of                                                 X
        Principal Executive Officer
</TABLE>
               ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees

     The aggregate fees billed for professional services rendered by our
principal accountant for the audit of our annual financial statements, review
of financial statements included in our quarterly reports and other fees that
are normally provided by the accountant in connection with statutory and
regulatory filings or engagements for the fiscal years ended September 30,
2006 and 2005 were $5,716 and $4,800, respectively.

                                      15
<PAGE>

Audit-Related Fees

     The aggregate fees billed for assurance and related services by our
principal accountant that are reasonably related to the performance of the
audit or review of our financial statements, other than those previously
reported in this Item 14, for the fiscal years ended September 30, 2006 and
2005 were $-0- and $-0-, respectively.

Tax Fees

     The aggregate fees billed for professional services rendered by our
principal accountant for tax compliance, tax advice and tax planning for the
fiscal years ended September 30, 2006  and 2005 were $350 and $342,
respectively.  These fees related to the preparation of federal income and
state franchise tax returns.

All Other Fees

     There were no other fees billed for products or services provided by the
principal accountant, other than those previously reported in this Item 14,
for the fiscal years ended September 30, 2006 and 2005.

Audit Committee

     The Company's Board of Directors functions as its audit committee.  All
of the services described above in this Item 14 for the year ended September
30, 2006, were approved by the Board of Directors.

                                  SIGNATURES

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

                                        Alnilam Corporation

Date:  December 22, 2006                /s/ Eric Bronk
                                        By:  Eric Bronk, President and
                                        Treasurer (Chief Executive, Principal
                                        Financial & Principal Accounting
                                        Officer)

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

Date:  December 22, 2006                /s/ Eric Bronk
                                        Eric Bronk, Sole Director

                                      16
<PAGE>

                            Alnilam Corporation
                       (A Development Stage Company)
                               Balance Sheet

                                                        September 30,
                                                            2006
                                                        ------------
ASSETS

Current Assets
   Cash                                                  $     -
                                                          ---------
     Total Current Assets                                $     -
                                                          =========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts Payable                                       $   36,795
  Interest Payable                                           10,412
  Note Payable - Related Party (Note 4)                      20,560
                                                          ---------
     Total Current Liabilities                               67,767

Stockholders' Equity

  Common Stock Authorized: 100,000,000 Shares at $.001
    Par Value; 500,000 Shares Issued and Outstanding            500
  Capital In Excess of Par Value                              9,500
  Deficit Accumulated in the Development Stage              (77,767)
                                                          ---------
     Total Stockholders' Equity                             (67,767)
                                                          ---------
     Total Liabilities & Stockholders' Equity            $     -
                                                          =========

The accompanying notes are an integral part of these financial statements.
                                    F-1
<PAGE>

                            Alnilam Corporation
                       (A Development Stage Company)
                         Statements of Operations

                                                                Accumulated
                                                               May 10, 2000
                                                                (Inception)
                                      For the Years Ended         through
                                     September    September      September
                                     30, 2006     30, 2005       30, 2006
                                    -----------  -----------    -----------

Revenue                             $     -      $     -        $     -
                                     ---------    ---------      ---------
Expenses

  General and Administrative             7,410       12,652         67,353
                                     ---------    ---------      ---------
     Total Expenses                      7,410       12,652         67,353
                                     ---------    ---------      ---------
     Income (Loss) from Operations      (7,410)     (12,652)       (67,353)

Other Income (Expenses)

  Interest Expense                      (2,056)      (1,839)       (10,414)
                                     ---------    ---------      ---------
     Total Other Income (Expenses)      (2,056)      (1,839)       (10,414)
                                     ---------    ---------      ---------
     Income (Loss) Before Taxes         (9,466)     (14,491)       (77,767)

     Taxes                                -            -              -
                                     ---------    ---------      ---------
     Net Income (Loss)              $   (9,466)  $  (14,491)    $  (77,767)
                                     =========    =========      =========


     (Loss) Per Common Share        $    (0.02)  $    (0.03)

     Weighted Average
      Shares Outstanding               500,000      500,000


The accompanying notes are an integral part of these financial statements.
                                    F-2

<PAGE>

                            Alnilam Corporation
                       (A Development Stage Company)
                     Statement of Stockholders' Equity
            From May 10, 2000 (Inception) to September 30, 2006

                                                                     Accumulated
                                                                   Deficit Since
                                                        Capital In  Beginning of
                                    Common Stock        Excess of    Development
                                Shares        Stock     Par Value       Stage
                              ----------   ----------   ----------   -----------
Balance, May 10, 2000               -      $     -      $     -      $     -

Shares Issued for Services
  at $.01 Per Share              107,000          107        2,033         -

Shares Issued for Cash at
  $.01 Per Share                 258,250          258        4,906         -

Net (Loss) Period Ended
  September 30, 2000                -            -            -          (2,279)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2000      365,250          365        6,939       (2,279)

Shares Issued for Cash at
  $.01 Per Share                 110,000          110        2,090         -

Shares Issued for Services
  at $.01 Per Share               24,750           25          471         -

Net (Loss) Year Ended
  September 30, 2001                -            -            -         (20,844)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2001      500,000          500        9,500      (23,123)

Net (Loss) Year Ended
  September 30, 2002                -            -            -          (9,045)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2002      500,000          500        9,500      (32,168)

Net (Loss) Year Ended
  September 30, 2003                -            -            -          (8,065)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2003      500,000          500        9,500      (40,233)

Net (Loss) Year Ended
  September 30, 2004                -            -            -         (13,577)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2004      500,000   $      500   $    9,500   $  (53,810)

Net (Loss) Year Ended
  September 30, 2005                -            -            -         (14,491)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2005      500,000   $      500   $    9,500   $  (68,301)

Net (Loss) Year Ended
  September 30, 2006                -            -            -          (9,466)
                              ----------    ---------    ---------    ---------
Balance, September 30, 2006      500,000   $      500   $    9,500   $  (77,767)
                              ==========    =========    =========    =========


The accompanying notes are an integral part of these financial statements.
                                    F-3

<PAGE>

                            Alnilam Corporation
                       (A Development Stage Company)
                         Statements of Cash Flows
<TABLE>
<CAPTION>
                                                                        Accumulated
                                                                        May 10, 2000
                                                                         (Inception)
                                                 For the Years Ended       Through
                                                     September 30,        September
                                                   2006        2005       30, 2006
                                                ----------  ----------  -------------
<S>                                             <C>         <C>          <C>
Net Cash Provided by Operating Activities
  Net (Loss)                                    $   (9,466) $  (14,491)  $  (77,767)
  Changes in Operating Assets & Liabilities:
    Increase in Accounts/Interest Payable            9,466      14,491       47,207
    Increase in Stock Issued for Services             -           -           2,635
                                                 ---------   ---------    ---------
      Net Cash (Used) by Operating Activities         -           -         (27,925)

Net Cash Provided by Investing Activities             -           -            -

Net Cash Provided by Financing Activities
  Issuance of Note Payable for Cash                   -           -          20,560
  Stock Issued for Cash                               -           -           7,365
                                                 ---------   ---------    ---------
      Net Cash Provided by Financing Activities       -           -          27,925
                                                 ---------   ---------    ---------
      Net Increase (Decrease) in Cash                 -           -            -

      Cash at Beginning of Year or Period             -           -            -
                                                 ---------   ---------    ---------
      Cash at End of Year or Period             $     -     $     -      $     -
                                                 =========   =========    =========

Supplemental Disclosures
  Interest                                      $     -     $     -      $     -
  Taxes                                               -           -            -
</TABLE>
 The accompanying notes are an integral part of these financial statements.
                                     F-4

<PAGE>
                             Alnilam Corporation
                        (A Development Stage Company)
                        Notes to Financial Statements
                              September 30, 2006

NOTE 1 - COMPANY ORGANIZATION

Alnilam Corporation (the "Company") was incorporated under the laws of the
state of Nevada on May 10, 2000, as Alnilam Corporation for the purpose of
seeking and consummating a merger or acquisition with a business entity
organized as a private corporation, partnership, or sole proprietorship.

The Company is a development stage company as defined in SFAS No. 7.  It is
concentrating substantially all of its efforts in raising capital and
developing its business operations in order to generate significant revenues.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents:  The Company considers all highly liquid
investments with an original maturity of three months or less when purchased
to be cash equivalents.

Income (Loss) Per Share:  The Computation or income or (loss) per shares of
common stock is based on weighted average number of shares outstanding at the
date of the financial statements.

Use of Estimates:  The preparation of financial statements in conformity with
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 reported period.  Actual results could differ from those
estimates.

NOTE 3 - INCOME TAXES

The Company adopted Statement of Financial Standards No. 109 "Accounting for
Income Taxes" in the fiscal year ended September 30, 2001.

Statement of Financial Accounting Standards No. 109 "Accounting for Income
Taxes" requires an asset and liability approach for financial accounting and
reporting for income tax purposes.  This statement recognizes (a) the amount
of taxes payable or refundable for the current year and (b) deferred tax
liabilities and assets for future tax consequences of events that have been
recognized in the financial statements or tax returns.

Deferred income taxes result from temporary differences in the recognition of
accounting transactions for tax and financial reporting purposes.  There were
no temporary differences at September 30, 2006, and earlier years, no
deferred tax liabilities have been recognized.


                                     F-5
<PAGE>
                             Alnilam Corporation
                        (A Development Stage Company)
                        Notes to Financial Statements
                              September 30, 2006

The Company has cumulative net operating loss carryforwards of approximately
$77,000 at September 30, 2006.  No effect has been shown in the financial
statements for the net operating loss carryforwards as the likelihood of
future tax benefit from such net operating loss carryforwards is not
presently determinable.  Accordingly, the potential tax benefits of the net
operating loss carryforwards, estimated based upon current tax rates at
September 30, 2006, have been offset by valuation reserves in the same
amount.  The net operating losses begin to expire in 2020.

NOTE 4 - NOTE PAYABLE RELATED PARTY

The Company has issued promissory notes totaling $20,560 to corporations for
which our President and sole director is an officer or director.  The notes
are unsecured and carry interest rates of 10% per annum.  The principal and
interest of the notes are due and payable upon demand.  As of September 30,
2006, the accrued interest was $10,412.

The Company has the following note payable obligations: September 30,
                                                            2006
     Related party notes payable, due on demand         -------------
       accruing interest at a rate of 10% per annum      $    20,560
                                                          ----------
          Total                                               20,560
          Less Current Maturities                            (20,560)
                                                          ----------
          Total Long-Term Notes Payable                  $      -
                                                          ==========

NOTE 5 - NEW TECHNICAL PRONOUNCEMENTS

In November 2004, the FASB issued SFAS No. 151, "Inventory Costs, an
amendment of ARB No. 43, Chapter 4."  SFAS No. 151 requires certain abnormal
expenditures to be recognized as expenses in the current period.  It also
requires that the amount of fixed production overhead allocated to inventory
be based on the normal capacity of the production facilities.  The standard
is effective for the fiscal year beginning January 1, 2006.  It is not
expected that SFAS No. 151 will have a material effect on the company's
financial statements.

In December 2004, the FASB issued SFAS No.152, "Accounting for Real Estate
Time-Sharing Transactions--an amendment of FASB Statements No. 66 and 67"
("SFAS 152).  This Statement amends FASB Statement No. 66, Accounting for
Sales of Real Estate, to reference the financial accounting and reporting
guidance for real estate time-sharing transactions that is provided in AICPA
Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing
Transactions.  This Statement also amends FASB Statement No. 67, Accounting
for Costs and Initial Rental Operations of Real Estate Projects, to state
that the guidance for (a) incidental operations and (b) costs incurred to
sell real estate projects does not apply to real estate time-

                                     F-6
<PAGE>
                             Alnilam Corporation
                        (A Development Stage Company)
                        Notes to Financial Statements
                              September 30, 2006

sharing transactions.  The accounting for those operations and costs is
subject to the guidance in SOP 04-2.  This Statement is effective for
financial statements for fiscal years beginning after June 15, 2005, with
earlier application encouraged.  The Company does not anticipate that the
implementation of this standard will have a material impact on its financial
position, results of operations or cash flows.

In December 2004, the FASB issued SFAS No. 153, "Exchanges of Nonmonetary
Assets, an amendment of APB Opinion No. 29" effective for nonmonetary asset
exchanges occurring in the fiscal year beginning January 1, 2006.  SFAS
No. 153 requires that exchanges of productive assets be accounted for at fair
value unless fair value cannot be reasonably determined or the transaction
lacks commercial substance.  SFAS No. 153 is not expected to have a material
effect on the company's financial statements.

In May 2005, the FASB issued SFAS No. 154, "Account Changes and Error
Corrections."  This new standard replaces APB Opinion 20, Accounting Changes,
and FASB No. 3, Reporting Accounting Changes in Interim Financial Statements.
Among other changes, SFAS No. 154 requires that a voluntary change in
accounting principle to be applied retrospectively with all prior period
financial statements presented on a new accounting principle, unless it is
impracticable to do so.  SFAS No. 154 also provides that (1) a change in
method of depreciating or amortizing a long-lived non-financial asset be
accounted for as a change in estimate (prospectively) that was effected by a
change in accounting principle, and (2) correction of errors in previously
issued financial statements should be termed a "restatement."  The new
standard is effective for accounting changes and correction of errors made in
fiscal years beginning after December 15, 2005.  The Company believes the
adoption of the provisions of SFAS No. 154 will not have a material impact on
the financial statements.

NOTE 6 - GOING CONCERN

The Company has had recurring operating losses since inception and is
dependent upon financing to continue operations.  These factors indicate that
the Company may be unable to continue in existence.  These financial
statements do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts and classification of
liabilities that might be necessary in the event the Company cannot continue
its existence.  These financial statements do not include any adjustments
that might result from the outcome of this uncertainty.  It is the intent of
the Company to find additional capital funding and/or a profitable business
venture to acquire or merge.

NOTE 7 - REVERSE STOCK SPLIT

On February 7, 2005, the Board of Directors approved a resolution to effect a
one-for-two reverse split of the Company's issued and outstanding shares of
common stock.  The

                                     F-7
<PAGE>
                             Alnilam Corporation
                        (A Development Stage Company)
                        Notes to Financial Statements
                              September 30, 2006

shareholders approved the reverse stock split on February 8, 2005.  The
effective date was March 21, 2005.  Each share of common stock issued and
outstanding immediately prior to the effective date was reclassified as and
changed into one-half of one share of common stock.  These financial
statements have been retroactively restated to reflect the stock split at
September 30, 2004.

The common stock issued pursuant to the reverse stock split is fully paid and
non-assessable.  The respective relative voting rights and other rights that
accompany the common stock were not altered by the reverse stock split, and
the common stock continues to have a par value of $0.001 per share.
Consummation of the reverse stock split did not alter the number of our
authorized shares of common stock, which remains at 100,000,000 shares.

NOTE 8 - EARNINGS PER SHARE

The computation of earnings (loss) per share of common stock is based on the
weighted average number of shares outstanding at the date of the financial
statements.  The Company did not have any potentially dilutive options or
warrants at September 30, 2006 and 2005.

                                             For the Years Ended
     Basic/Full Diluted Earnings per Share:     September 30
                                               2006       2005
                                             --------   --------
          Income (loss) (numerator)           (9,466)   (14,491)
          Shares (denominator)                500,000    500,000
          Per Share Amount                     $(.02)     $(.03)


                                     F-8