| Delaware                                                                                                                                       |   | 20-2852541                |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|
| (State or other jurisdiction of                                                                                                           |   | (I.R.S. employer          |
| incorporation or organization)                                                                                                            |   | identification number)    |
|                                                                                                                                           |   |                      |
| c/o                  Spencer Trask Ventures, Inc.535                  Madison Avenue, 18th                  FloorNew                  York, NY |   | 10022                     |
| (Address of principal executive                offices)                                                                                   |   | (Zip                Code) |

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**ADAGIO      ACQUISITION II, INC.**

**-      INDEX -**

|                                                                                                  |   |   |   Page |   |
|-------------------------------------------------------------------------------------------------------|--------|--------|------------------|--------|
| **PART                I -                FINANCIAL INFORMATION**:                                     |   |   |             |   |
|                                                                                                  |   |   |             |   |
| Item                1. Financial                Statements                                            |   |   |             |   |
|                                                                                                  |   |   |             |   |
| Condensed                  Balance Sheet                                                              |   |   |             |   |
| September                  30, 2006 (unaudited)                                                       |   |   | F-1              |   |
|                                                                                                  |   |   |             |   |
| Condensed                  Statements of Operations (unaudited)                                       |   |   |             |   |
| Three                  and nine months ended September 30, 2006, the three months ended               |   |   |             |   |
| September                  30, 2005, the period from April 22, 2005 (Inception) to                    |   |   |             |   |
| September                  30, 2005 and the cumulative period from April 22, 2005                     |   |   |             |   |
| (Inception)                  to September 30, 2006                                                    |   |   |  F-2        |   |
|                                                                                                  |   |   |             |   |
| Condensed                  Statement of Changes in Stockholder’s Equity (unaudited)             |   |   |                  |   |
| for                  the period April 22, 2005 (Inception) through September 30, 2006                 |   |   | F-3              |   |
|                                                                                                  |   |   |             |   |
| Condensed                  Statements of Cash Flows (unaudited)                                       |   |   |             |   |
| Nine                  months ended September 30, 2006, the period from                                |   |   |             |   |
| April                  22, 2005 (Inception) to September 30, 2005 and the cumulative period           |   |   |             |   |
| from                  April 22, 2005 (Inception) to September 30, 2006                                |   |   | F-4              |   |
|                                                                                                  |   |   |             |   |
| Notes                  to Unaudited Financial Statements                                              |   |   | F-5              |   |
|                                                                                                  |   |   |             |   |
| Item                  2. Management's Discussion and Analysis or Plan of                  Operation   |   |   | 1                |   |
|                                                                                                  |   |   |             |   |
| Item                  3. Controls and Procedures                                                      |   |   | 1                |   |
|                                                                                                  |   |   |             |   |
| **PART                  II - OTHER INFORMATION**:                                                     |   |   |             |   |
|                                                                                                  |   |   |             |   |
| Item                  1. Legal Proceedings                                                            |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Item                  2. Unregistered Sales of Equity Securities and Use of                  Proceeds |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Item                  3. Defaults Upon Senior Securities                                              |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Item                  4. Submission of Matters to a Vote of Security Holders                          |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Item                  5. Other Information                                                            |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Item                  6. Exhibits                                                                     |   |   | 2                |   |
|                                                                                                  |   |   |             |   |
| Signatures                                                                                            |   |   | 3                |   |

----

**PART      I - FINANCIAL STATEMENTS**

**Item      1. Financial Statements.**

| **ADAGIO                ACQUISITION II, INC.**   |
|--------------------------------------------------|
| ***A                DEVELOPMENT STAGE COMPANY*** |
| ***BALANCE                SHEET (Unaudited)***   |
| ***September                30, 2006***          |
|                                             |   |   |   |   |   |

| ***ASSETS***                                                                                                        |   |   |    |   |
|---------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| ***Current                Assets***                                                                                 |   |   |    |   |
| Cash                and cash equivalents                                                                            |   | $      | 3,544   |   |
|                                                                                                                |   |   |    |   |
| ***Total                Assets***                                                                                   |   | $      | 3,544   |   |
|                                                                                                                |   |   |    |   |
| ***LIABILITIES                AND STOCKHOLDER'S EQUITY***                                                           |   |   |    |   |
| ***Current                Liabilities***                                                                            |   |   |    |   |
| Accounts                payable and accrued expenses                                                                |   | $      | 1,279   |   |
|                                                                                                                |   |   | 1,279   |   |
|                                                                                                                |   |   |    |   |
| ***STOCKHOLDER'S                EQUITY***                                                                           |   |   |    |   |
| **Preferred                stock**                -                $.0001 par value - 10,000,000 shares authorized; |   |   |    |   |
| -0-                shares issued and outstanding                                                                    |   |   | -       |   |
| **Common                stock**                -                $.0001 par value - 75,000,000 shares authorized;    |   |   |    |   |
| 2,000,000                shares issued and outstanding                                                              |   |   | 200     |   |
| **Additional                paid-in capital**                                                                       |   |   | 49,800  |   |
| **Deficit                accumulated during the development stage**                                                 |   |   | (47,735 | )      |
|                                                                                                                |   |   |    |   |
| ***Total                Stockholder's Equity***                                                                     |   |   | 2,265   |   |
|                                                                                                                |   |   |    |   |
| ***Total                Liabilities and Stockholder's Equity***                                                     |   | $      | 3,544   |   |

***See      notes to unaudited financial statements***

----

| **ADAGIO                ACQUISITION II, INC.**                           |
|--------------------------------------------------------------------------|
| ***A                DEVELOPMENT STAGE COMPANY***                         |
| ***STATEMENTS                OF OPERATIONS                (Unaudited)*** |

|                                                                    |   | For                    the Three                    Months Ended September 30, 2006 |      | For                    the Three                    Months Ended September 30, 2005 |   | For                  the Nine                  Months Ended September 30, 2006 |   | Period                        From April                        22, 2005 (inception) Through                        September                        30, 2005 |      | Cumulative                        Period From April                        22, 2005 (inception) Through                        September                        30, 2006 |   |
|-------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|-----------|-------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |
| **Net                Sales**                                            |   | $                                                                                   | -         |                                                                                | $      | -                                                                              |   | $                                                                                                                                                             | -         |                                                                                                                                                                     | $      | - |   | $ | - |   |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Cost                of Sales**                                        |   |                                                                                | -         |                                                                                |   | -                                                                              |   |                                                                                                                                                          | -         |                                                                                                                                                                     |   | - |   |   | - |   |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Gross                Profit**                                         |   |                                                                                | -         |                                                                                |   | -                                                                              |   |                                                                                                                                                          | -         |                                                                                                                                                                     |   | - |   |   | - |   |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **General                and Administrative Expenses**                  |   |                                                                                | (7,768    | )                                                                                   |   | (8,000                                                                         | )      |                                                                                                                                                          | (23,893   | )                                                                                                                                                                        |   | (20,500 | ) |   | (48,709 | ) |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Investment                Income**                                    |   |                                                                                | 99        |                                                                                |   | 331                                                                            |   |                                                                                                                                                          | 458       |                                                                                                                                                                     |   | 331 |   |   | 974 |   |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Net                Loss**                                             |   | $                                                                                   | (7,669    | )                                                                                   | $      | (7,669                                                                         | )      | $                                                                                                                                                             | (23,435   | )                                                                                                                                                                        | $      | (20,169 | ) | $ | (47,735 | ) |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Basic                and Diluted Loss Per Share**                     |   | $                                                                                   | (0.00     | )                                                                                   | $      | (0.00                                                                          | )      | $                                                                                                                                                             | (0.01     | )                                                                                                                                                                        | $      | (0.01 | ) | $ | (0.03 | ) |
|                                                                    |   |                                                                                |      |                                                                                |   |                                                                           |   |                                                                                                                                                          |      |                                                                                                                                                                     |   |   |   |   |   |   |
| **Weighted                Average Number of Common Shares Outstanding** |   |                                                                                | 2,000,000 |                                                                                |   | 2,000,000                                                                      |   |                                                                                                                                                          | 2,000,000 |                                                                                                                                                                     |   | 1,506,173 |   |   | 1,848,197 |   |

***See      notes to unaudited financial statements***

----

| **ADAGIO                ACQUISITION II, INC.**                                                           |   |
|----------------------------------------------------------------------------------------------------------|--------|
| ***A                DEVELOPMENT STAGE COMPANY***                                                         |   |
| ***STATEMENT                OF CHANGES IN STOCKHOLDER'S EQUITY                (Unaudited)***             |   |
| ***FOR                THE PERIOD APRIL 22, 2005 (INCEPTION) THROUGH SEPTEMBER 30,                2006*** |   |
|                                                                                                     |   |    |   |   |   |   |   |   |   | ***Deficit*** |   |   |   |
|                                                                                                     |   |    |   |   |   |   |   |   |   | ***accumulated*** |   |   |   |
|                                                                                                     |   |    |   |   |   |   |   | ***Additional*** |   | ***during                the*** |   |   |   |
|                                                                                                     |   |  ***Preferred                Stock*** |   | ***Common                Stock*** |   | ***Paid-In-*** |   | ***Development*** |   | ***Stockholder's*** |   |
|                                                                                                     |   |  ***Shares*** |   | ***Amount*** |   | ***Shares*** |   | ***Amount*** |   | ***Capital*** |   | ***Stage*** |   | ***Equity*** |   |
|                                                                                                     |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Balance                - April 22, 2005*                                                                |   |   | **-** |   | **$** | **-** |   |   | **-** |   | **$** | **-** |   | **$** | **-** |   | **$** | **-** |   | **$** | **-** |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ***Issuance                of common stock***                                                            |   |   |   |   |   |   |   |   | 2,000,000 |   |   | 200 |   |   | 49,800 |   |   |   |   |   | 50,000 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (24,300 | ) |   | (24,300 | ) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Balance                - December 31, 2005*                                                             |   |   | **-** |   | **$** | **-** |   |   | **2,000,000** |   | **$** | **200** |   | **$** | **49,800** |   | **$** | **(24,300** | **)** | **$** | **25,700** |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ***Net                loss***                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (23,435 | ) |   | (23,435 | ) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Balance                - September 30, 2006*                                                            |   |   | **-** |   | **$** | **-** |   |   | **2,000,000** |   | **$** | **200** |   | **$** | **49,800** |   | **$** | **(47,735** | **)** | **$** | **2,265** |   |

***See      notes to unaudited financial statements***

----

| **ADAGIO                ACQUISITION II, INC.**                                           |   |
|------------------------------------------------------------------------------------------|--------|
| ***A                DEVELOPMENT STAGE COMPANY***                                         |   |
| ***STATEMENTS                OF CASH FLOWS (Unaudited)***                                |   |
|                                                                                     |   |   |   |   |   |   |   |
|                                                                                     |   | For                    the Nine                    Months Ended September                    30, 2006 |   | Period                        from April                        22, 2005 (inception)                        Through                        September                        30, 2005 |   | Cumulative                          Period from                          April                          22, 2005 (inception)                          Through                          September                          30, 2006 |   |
|                                                                                     |   |   |   |   |   |   |   |
| ***Cash                flows from operating activities***                                |   |   |   |   |   |   |   |   |   |   |
| Net                Loss                                                                  |   | $ | (23,435 | ) | $ | (20,169 | ) | $ | (47,735 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |
| ***Adjustments                to reconcile net loss to***                                |   |   |   |   |   |   |   |   |   |   |
| ***net                cash used in operating activities:***                              |   |   |   |   |   |   |   |   |   |   |
| Decrease                in prepaid expenses                                              |   |   | 9,375 |   |   | - |   |   | - |   |
| (Decrease)                increase in accounts payable and accrued expenses              |   |   | (2,061 | ) |   | 8,000 |   |   | 1,279 |   |
| ***Net                cash used in operating activities:***                              |   |   | (16,121 | ) |   | (12,169 | ) |   | (46,456 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |
| ***Cash                flows from financing activities:***                               |   |   |   |   |   |   |   |   |   |   |
| Proceeds                from issuance of common stock                                    |   |   | - |   |   | 50,000 |   |   | 50,000 |   |
| ***Net                cash provided by financing activities:***                          |   |   | - |   |   | 50,000 |   |   | 50,000 |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |
| ***Net                (decrease) increase in cash and cash                equivalents*** |   |   | (16,121 | ) |   | 37,831 |   |   | 3,544 |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |
| ***Cash                and cash equivalents - beginning of period***                     |   |   | 19,665 |   |   | - |   |   | - |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |
| ***Cash                and cash equivalents - end of period***                           |   | $ | 3,544 |   | $ | 37,831 |   | $ | 3,544 |   |

***See      notes to unaudited financial statements***

----

**Adagio      Acquisition II, Inc.**

***A      Development Stage Company***

***Notes      to Unaudited Financial Statements***

***September      30, 2006***

| **1.  ** | **Development                Stage Company** |
|--------------------|----------------------------------------------|

| **2.  ** | **Summary                of Significant Accounting                Policies** |
|--------------------|------------------------------------------------------------------------------|

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

| ***b.  *** | ***Cash                and Cash Equivalents******-***** **For                purposes of the statement of cash flows, the Company considers highly                liquid financial instruments purchased with a maturity of three months                or                less to be cash equivalents. |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ***c.  *** | ***Income                Taxes -***                The Company utilizes the liability method of accounting for income                taxes.                Under the liability method, deferred tax assets and liabilities are                determined based on the differences between financial reporting basis                and                tax basis of the assets and liabilities and are measured using enacted                tax                rates that will be in effect when the differences are expected to                reverse.                An allowance against deferred tax assets is recognized, when it is                more                likely than not, that such tax benefits will not be                realized. |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ***d.  *** | ***Loss                per Common Share -***                Basic loss per share is calculated using the weighted-average number                of                common shares outstanding during each period. Diluted loss per share                includes potentially dilutive securities such as outstanding options                and                warrants, using various methods such as the *treasury                stock*                or                *modified                treasury stock*                method in the determination of dilutive shares outstanding during                each                period. The Company does not have any potentially dilutive                instruments. |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ***e.  *** | ***Fair                Value of Financial Instruments*****-**The                carrying value of cash equivalents and accounts payable and accrued                expenses approximate fair value due to their short-term                nature. |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Adagio      Acquisition II, Inc.**

***A      Development Stage Company***

***Notes      to Unaudited Financial Statements (continued)***

**2.**
**Summary      of Significant Accounting Policies (continued)**

| ***f.  *** | ***New                Accounting Pronouncement -***                In                September 2006, the Financial Accounting Standards Board issued Statement                of Financial Accounting Standards No. 157 (“FAS 157”), *Fair                Value Measurements*,                which defines fair value, establishes a framework for measuring fair                value                in generally accepted accounting principles (“GAAP”), and expands                disclosures about fair value measurements. FAS 157 applies under                other                accounting pronouncements that require or permit fair value measurements.                Prior to FAS 157, there were different definitions of fair value                and                limited guidance for applying those definitions in GAAP. Moreover,                that                guidance was dispersed among the many accounting pronouncements that                require fair value measurements. Differences in that guidance created                inconsistencies that added to the complexity in applying GAAP. The                changes                to current practice resulting from the application of FAS 157 relate                to                the definition of fair value, the methods used to measure fair value,                and                the expanded disclosures about fair value measurements. FAS 157 is                effective for financial statements issued for fiscal years beginning                after                November 15, 2007, and interim periods within those fiscal years.                The                Company does not expect the adoption of FAS 157 to have an effect                on its                financial statements. |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.**
**Equity      Securities**

**4.**
**Related      Party Transactions**

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**Adagio      Acquisition II, Inc.**

***A      Development Stage Company***

***Notes      to Unaudited Financial Statements (continued)***

**5.**
**Income      Taxes**

**6.**
**Interim      Financial Statements**

----

**Item      2. Management’s Discussion and Analysis or Plan of Operation.**

**Item      3. Controls and Procedures.**

----

----

----

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings. **

**Item      2. Unregistered Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

**Item      6. Exhibits.**

| Exhibit |   | Description                                                                                                                                                                                                                                                                                                                                  |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                         |
| *3.1    |   | Certificate              of Incorporation.                                                                                                                                                                                                                                                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                                                         |
| *3.2    |   | Amendment              to Certificate of Incorporation.                                                                                                                                                                                                                                                                                      |
|    |   |                                                                                                                                                                                                                                                                                                                                         |
| **3.3   |   | By-laws.                                                                                                                                                                                                                                                                                                                                     |
|    |   |                                                                                                                                                                                                                                                                                                                                         |
| 31.1    |   | Certification              of the Company’s Principal Executive Officer and Principal Financial              Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,              with              respect to the registrant’s Quarterly Report on Form 10-QSB for the period              ended September 30, 2006. |
|    |   |                                                                                                                                                                                                                                                                                                                                         |
| 32.1    |   | Certification              of the Company’s Principal Executive Officer and Principal Financial              Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to              Section              906 of the Sarbanes Oxley Act of 2002.                                                                               |

----

**SIGNATURES**

|                                 |                                                  |                                       |
|--------------------------------------|-------------------------------------------------------|--------------------------------------------|
| Date:              November 14, 2006 | ADAGIO              ACQUISITION              II, INC. |
|                            |                                             |                                  |
|                                 | By:                                         | /s/ William              P. Dioguardi |
|                                 | William                P. DioguardiPresident          |

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